Monday, September 2, 2024
DINAR REVALUATION REPORT: Overview Schlumberger's Training Agreement with Iraq: Enhancing Skills in the Oil Sector, 3 SEPT
Overview
Schlumberger's Training Agreement with Iraq: Enhancing Skills in the Oil Sector.
In a strategic move to boost the technical and engineering capabilities of Iraq's oil sector workforce, Schlumberger, the world's leading oilfield services company, has signed a cooperation agreement with the Arab Institute for Oil at the Iraqi Ministry of Oil. This partnership is part of the ministry's broader strategy to enhance the skills and expertise of its employees, ultimately contributing to the country's oil industry development.
Key Objectives
The agreement aims to provide specialized training and development programs for the sector's workforce, focusing on technical and engineering skills. By leveraging Schlumberger's expertise, the initiative seeks to improve the performance of Iraq's oil industry employees, which is crucial for the sector's long-term growth and competitiveness.
Stakeholder Perspectives
Deputy Minister for Extraction Affairs, Bassem Mohammed Khudair
Khudair emphasized that the memorandum of understanding aligns with the ministry's strategy to develop technical and engineering skills within the oil sector. This partnership is seen as a significant step towards achieving the ministry's goals in improving workforce performance.
Schlumberger's Executive Director in Iraq, Waseem Al-Azmeh
Al-Azmeh highlighted Schlumberger's commitment to using its expertise to develop the skills of Iraq's oil sector employees. The company views this partnership as an opportunity to contribute to the country's oil industry development and workforce enhancement.
General Director of the Training and Development Department, Hisham Yass
Yass underscored that the partnership with Schlumberger is a crucial addition to the ministry's training program. It will be implemented through the Arab Institute for Oil, which is responsible for certifying training programs and ensuring their alignment with international standards.
Deputy Director of the Arab Institute for Oil, Ghaleb Mohammed Ali
Ali expressed optimism that the collaboration with Schlumberger will help achieve the ministry's objectives in workforce improvement. He sees this partnership as a valuable opportunity for Iraq's oil sector to benefit from Schlumberger's global expertise in training and development.
Potential Impact
The training agreement between Schlumberger and the Arab Institute for Oil is expected to have a positive impact on Iraq's oil sector. By equipping the workforce with advanced technical and engineering skills, the country aims to enhance its oil production capabilities, attract foreign investment, and position itself as a leading player in the global oil market.
Conclusion
Schlumberger's training agreement with Iraq's Arab Institute for Oil marks a significant milestone in the country's efforts to develop a skilled and competitive workforce in the oil sector. Through this partnership, Iraq aims to leverage Schlumberger's expertise to boost the technical and engineering capabilities of its oil industry employees, contributing to the sector's long-term growth and success.
Schlumberger signs Iraq Training Agreement, 3 SEPT
Schlumberger signs Iraq Training Agreement
The Arab Institute for Oil and Schlumberger have signed a cooperation agreement at the Iraqi Ministry of Oil, focusing on training and development for the sector's workforce.
Bassem Mohammed Khudair, the Deputy Minister for Extraction Affairs, stated that this memorandum aligns with the ministry's strategy to enhance technical and engineering skills.
Schlumberger's Executive Director in Iraq, Waseem Al-Azmeh, emphasized the company's commitment to using its expertise to develop the skills of Iraq's oil sector employees.
Hisham Yass, General Director of the Training and Development Department, highlighted that this partnership is a significant addition to the ministry's training program, to be implemented through the Arab Institute for Oil, which is responsible for certifying training programs.
Ghaleb Mohammed Ali, the Deputy Director of the institute, expressed hope that this collaboration will help achieve the ministry's goals in improving the performance of its workforce. link
LATEST FROM WOLVERINE, 3 SEPT
Wolverine
[via Judy Byington]
Looks like everything has been lined up for Tues. 3 Sept...It’s going to be a shotgun start. All contracts have been signed. Everything is ready to go. …Tier 1, 2, 3 and 4 banks around the world are fully integrated and ready for distribution. The RV is finally here.
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WOLVERINE
Sat. 31 Aug. 2024 Wolverine
“Looks like everything has been lined up for Tues. 3 Sept. The Precatorias was supposed to go today, but now they are going to go on Tues. 3 Sept. It’s going to be a shotgun start. All contracts have been signed. Everything is ready to go. …Tier 1, 2, 3 and 4 banks around the world are fully integrated and ready for distribution. The RV is finally here. God bless. Your friend, Wolverine”
Fri. 30 Aug. 2024 Wolverine
“I’ve been told that all platforms have been shut down. They are all now getting ready to release payment. Once the Precatorias start all Yellow Dragons Bonds from my platform will cease operations immediately.
- We are finally here after 30 years of waiting. We are actually here and ready to cross the finish line. It will be emotional for all of us when it hits us…
- Let’s start out with intel.. What I have been told is that the Precatorias is about to start this weekend. It is an old debt/money owed to the people of Brazil, and back in 2017, they went to court on this, and they finally won the case, and they will get the funds released, more than trillions of dollars involved. This is another platform that has associated itself with the RV, globally and this is about to be released on the weekend. The QFS had a hiccup, so it was temporarily delayed.
- Zurich, I was told that this week all will get released. The codes are there so they can all get released. Not much to say as all is ready.
- My sources said the Philippines have started, not sure of the payments, the process? But they said the engine has started. East to west. Hopefully that is true. This is from various sources saying things are coming out from Asia to the West.
- All the private platforms deals are being paid this week as well, by the new week – this is coming from Zurich as well…. Starting by the new week – Monday is Labor Day in the USA, so we are looking from Tuesday onwards
- When the Precatorias gets released, the Yellow Dragons from my platform sales cease immediately. If you are interested in those bonds before they close the doors. This came through last night so I wanted to let you know.
- I got a letter from an official in the Brazil and they are part of the RV process: “We close the week with the following report: the auditors of the World Bank and Peter Wong’s Platforms who arrived in Brazil on 08/27/2024 are packed and ready to return to the U.S.
- Since Monday 09/02/2024 is a holiday in the USA (Labor Day), there is no way to have banking hours on the Reno Platform (Nevada/USA), so it was defined in the meeting within the BACEN on the date of 08/29/2024 that the global START will take place on 09/03/2024 (next Tuesday), when then Brazil 2, the USA and the other countries that will make up this project that covers 47 countries (and their respective Central Banks), after several exhaustive tests and adjustments, will finally be able to synchronize and proceed simultaneously with the release and settlement of the financial operations of which they are part.
- I emphasize that in Brazil the released and approved operations to be paid are LTN and T*A, (like farmer’s claims) which were unified within the same platform).
- I also learned that the deadline for distributing the amounts in the payrolls of the Managers that will be received will begin on 4th of September and extended until 9/13/2024. “
DINAR REVALUATION REPORT: Iraq's Participation in the Arab Economic Council Meeting: A Step Toward Regional Integration, 3 SEPT
Iraq's Participation in the Arab Economic Council Meeting: A Step Toward Regional Integration
In a significant move for regional cooperation, Iraq participated in the meeting of the Arab Economic Council in September 2024. This engagement underscores Iraq's commitment to economic integration and collaboration with its Arab neighbors, aiming to foster growth, stability, and mutual benefit in the face of shared challenges.
Iraq's Economic Transformation and Regional Engagement
Iraq's recent political and economic trajectory has been marked by efforts to combat corruption, address unemployment, reduce poverty, and reform its economy and finances. Despite ongoing challenges, including the aftermath of armed conflict and internal divisions, Iraq has made strides in implementing reforms and improving government services. The country's participation in the Arab Economic Council meeting is a testament to its willingness to engage in regional economic initiatives.
Council of Arab Economic Unity: A Framework for Cooperation
Established in 1957, the Council of Arab Economic Unity is an Arab economic organization dedicated to achieving economic integration within a framework of economic and social development. The council encourages the freedom of movement for labor, capital, and services among its members, which include Egypt, Iraq, Jordan, Kuwait, Libya, Mauritania, the Palestine Liberation Organization (PLO), Somalia, Sudan, Syria, United Arab Emirates, and Yemen. Iraq's involvement in this council highlights its proactive stance in promoting regional economic cooperation and unity.
Iraq's Role in Promoting Arab Integration
Iraq's attendance at the Arab Economic Council meeting signals its intent to contribute to the collective goal of promoting freedom of movement for labor, capital, and services within the Arab region. By participating in discussions and initiatives aimed at reducing trade barriers and fostering economic collaboration, Iraq positions itself as a key player in enhancing Arab economic integration.
Economic Challenges and Opportunities
Iraq faces significant economic challenges, including a heavy reliance on oil revenues and a need to diversify its economy. Its participation in regional economic forums provides opportunities to explore new avenues for growth, such as increasing exports, strengthening the private sector, and attracting foreign direct investments (FDIs). By engaging with other Arab states, Iraq can also learn from their experiences and collaborate on solutions to common economic issues.
Conclusion: A Path Toward Collective Prosperity
Iraq's active participation in the Arab Economic Council meeting in September 2024 illustrates its dedication to regional cooperation and economic integration. As the country continues to address internal challenges and pursue economic reforms, its engagement with the Arab Economic Council offers a platform for collaboration, shared learning, and collective progress toward a more prosperous and integrated Arab region.
LATEST FROM JON DOWLING, 2 SEPT
Jon Dowling
Recent developments in Iraq’s financial sector, including the implementation of a new banking system, currency diversification, and Iraq’s leadership role in international forums.
Iraq is set to chair the Group of 77 in China, marking a significant diplomatic milestone after 60 years.
A comprehensive banking system is being implemented in 40 branches, signaling readiness for international engagement.
The Central Bank is diversifying currency use, aiming to reduce reliance on the dollar.
Upcoming distribution of retirees’ salaries suggests potential changes in exchange rates.
Increased participation of Kurdish traders is contributing to a decrease in the dollar’s exchange rate.
Iraq participates in the meeting of the Arab Economic Council, 2 SEPT
Iraq participates in the meeting of the Arab Economic Council
The Arab Economic Committee is scheduled to begin its work today, Monday, to prepare for the 114th session of the Arab League's Economic and Social Council, which will be held at the ministerial level next Thursday, with the participation of the Minister of Trade, Athir Dawood Salman Al-Ghariri.
Iraq will be represented in the meetings of the Economic and Social Council by two delegations, the first from the Ministry of Labor, which will attend the meetings of the Arab Social Committee, while the second delegation will be from the Ministry of Trade and will participate in the meeting of the Economic Committee.
The Arab Social Committee held its meeting yesterday, Sunday, with the participation of a delegation from the Ministry of Labor and Social Affairs, and a number of decisions were submitted to the Council.
The ministerial meeting of the Economic and Social Council next Thursday, in which the Minister of Trade will participate, will be preceded by a meeting of senior officials in the Council the day after tomorrow, Wednesday.
Assistant Secretary-General and Head of the Social Affairs Sector, Ambassador Dr. Haifa Abu Ghazaleh, stated that the 114th session of the Economic and Social Council began its work with the Council's Social Committee.
Abu-Ghazaleh added that the Social Committee reviewed the report of the Secretary-General of the League of Arab States, which included all the efforts and activities that took place between the two sessions of the Council in various sectors of joint Arab social and development work.
She continued that the report focused on continuing to implement the social dimensions of the 2030 Sustainable Development Plan, supporting vulnerable groups in society, and other activities related to persons with disabilities and the elderly, health, youth, women, family and childhood, population policies, civil society and human rights, migration and expatriates, education, scientific research, culture and dialogue of civilizations. link
"JUST A RECAP FOR THE IRAQ DINAR SITUATION" FROM GINGER TELEGRAM ROOM, 2 SEPT
I’ll do a recap for the Iraq Dinar situation
And how it is going to play out based on the news we were seeing right now
Follow the thread, and you would understand
-first, we know the Dollar has been set to collapse this September
The decision was made last year 2023
Second, Iraq bought a lot of dollars but it seems like they do not have enough Dinar against it to cover up the values and expenses so they claimed they will turn on the printer… if they did, it will cause huge inflation
Then Iraq claimed they will sell their oil with Dinar instead of the dollar… but first they need to back up the dinar with gold… which means they cannot turn on the printer if it is backed up by gold… because that is a huge problem by itself beside inflation
After that, they admitted they will not print more notes… because if they’re gonna back up the currency with gold… they cannot print more notes…
They will be forced to change the rate to cover the expenses they have for all the ministries and salaries at the end of September
Also, Iraq finished training new people for exchanging currencies as it was required by an official letter from the CBI a month ago
Here Iraq is going international
By allowing their banks to make Cross border payment with different currencies, other than the dollar
Plus joining Visa, MasterCard, MoneyGram
That works on XRP and XLM
Also, it came on the news that Iraq had an agreement with US to pull USA military out of Iraq by September
This agreement happened at the beginning of July
But Trump stated there will not pull out of Iraq unless they are getting paid
If Iraq right now in deep shit because they cannot cover up the expenses of their ministries and citizens salaries
How are they going to pay these military people?
They have to change the rate to be able to pay off everything
Finally, you gotta understand
Iraq in a deep shit financially they will be forced to change the rate to pay off everything and back their currency with gold
Also, BRICS meeting on Oct any country wants to join BRICS they have to ditch the dollar aside
🔥 we are close as f—-🔥
Last thing, Kuwait had their money backed by gold b4 the Gulf war
Then, after the war, they backed it to the old rate before the war, because it is the same currency that is backed by gold before & after the war
Iraq will do the same & bring the old rate before the war $3.22
Here is the proof of US military withdrawing out of Iraq beginning this September and end on September 2025
As Trump stated … none of the troops will get out unless they are getting paid
The rate has to change this month, so the troops can start withdrawing and be paid
🔥🔥🔥
Amazing great news
Iraq admitting that they have to back up the currency with gold by the order of IMF
Plus, the federal bank in USA admitted that there is a collapse of the dollar .
ABOUT "TAX HEAVEN" STATES UN THE U.S. BY DINAR REVALUATION , 2 SEPT
When it comes to "tax heaven" states in the U.S., typically we're referring to states with low or no state income taxes, which can be attractive for individuals and businesses looking to minimize their tax burden. Here are some notable examples:
Florida - No state income tax, making it a popular choice for retirees and people looking to reduce their tax liabilities.
Texas - Also has no state income tax, although it does have higher property taxes and sales taxes to compensate.
Nevada - No state income tax, with revenue generated primarily through tourism and gaming.
Washington - No state income tax, but it has a high sales tax and relies on other revenue sources.
Wyoming - No state income tax and generally low property and sales taxes.
South Dakota - No state income tax and relatively low sales and property taxes.
Alaska - No state income tax, and it even has an annual dividend program funded by oil revenues.
These states generally attract people and businesses who are looking to save on state income taxes, but it's important to consider other factors like property taxes, sales taxes, and overall cost of living when evaluating the tax friendliness of a state.
THE "TRUSTS" DO PAY TAXES? BY DINAR REVALUATION, 2 SEPT
Yes, trusts do pay taxes, but how they are taxed depends on the type of trust and its specific provisions. Here’s a general overview:
Revocable Living Trusts: These trusts are often used for estate planning and allow the grantor (the person who creates the trust) to retain control over the assets. Since the grantor retains control, the trust itself does not pay taxes. Instead, any income generated by the trust's assets is reported on the grantor's personal income tax return.
Irrevocable Trusts: Once established, the grantor cannot alter or dissolve an irrevocable trust without the consent of the beneficiaries. These trusts are considered separate tax entities. The trust must file its own tax return (Form 1041 in the U.S.), and it may be required to pay taxes on any income it generates that is not distributed to beneficiaries.
Income Distribution: For irrevocable trusts, income distributed to beneficiaries is generally taxed at the beneficiaries’ individual income tax rates. The trust can deduct this distributed income from its own taxable income, shifting the tax burden to the beneficiaries.
Charitable Trusts: Charitable remainder trusts and charitable lead trusts have special tax treatments. Contributions to these trusts can provide tax benefits to the grantor, and the trusts themselves might enjoy tax-exempt status for the portion of income designated for charitable purposes.
Estate and Gift Taxes: In addition to income taxes, trusts can also be subject to estate and gift taxes, depending on their structure and the value of the assets involved.
Each type of trust has its own tax rules and implications, so it's often advisable for those involved to work with tax professionals or estate planners to ensure compliance and optimal tax planning.
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Frank26 [Bank story] This time we didn't go down, we just called [the bank]... We said we want to see if we can exchange some cu...
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Bank appointment for Currency EXCHANGE Instructions/Checklist Bank Name_________________________________________ Bank 800#____________...
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Walkingstick All these meetings that the CBI had with all these agencies that were helping them with their monetary reform are done. Al...