Monday, November 11, 2024

RV UPDATE BY MARKZ & MILITIAMAN, 12 NOV

 MarkZ & Militia Man 

  MarkZ:  Article: “MP (Member of Parliament) Likely to resolve 3 major laws this week.“ Are they hiding HCL in here? 

They have extended the legislation until Dec. 10th which is Victory Day.  

 Militia Man:  They are talking about it today. Real Estate in Kirkuk is part of article 140 of the HCL.

 These laws are really important and they have already been read twice and they could be working on it right now and we wouldn’t know yet. It will be big news once it pops.  I believe it is on the table and could happen at anytime during this session. 


"there is a massive push in Iraq to go before Dec. 10th." BY MARKZ@DINAR...

Al-Sudani renews to Ibn Salman Iraq’s firm position in supporting efforts to prevent the expansion of the conflict in the region, 12 NOV

 Al-Sudani renews to Ibn Salman Iraq’s firm position in supporting efforts to prevent the expansion of the conflict in the region

 Prime Minister Mohammed Shia Al-Sudani met on Monday in Riyadh with the Crown Prince of Saudi Arabia Mohammed bin Salman bin Abdulaziz, on the sidelines of the Joint Arab and Islamic Summit, hosted by the Kingdom to discuss the ongoing Zionist aggression on Gaza and Lebanon.

A statement from his office, a copy of which received {Euphrates News}, said that “During the meeting, bilateral relations between the two countries were discussed, which have recently witnessed a development in several fields. The developments of the situation and positions were also reviewed, and the worsening of humanitarian conditions in the occupied territories and southern Lebanon, where the two sides stressed the need to coordinate positions and mobilize efforts to stop the war, and relieve the Palestinian and Lebanese brotherly peoples, and the Sudanese Mreed the Sudanese master appreciated the efforts made by the Kingdom of Saudi Arabia to hold the summit that Iraq previously called for.

The Prime Minister reiterated “Iraq’s firm and principled position in supporting efforts to prevent the expansion of the conflict in the region, and that major countries and international and international organizations take all their legal and moral responsibility to prevent the continuation of the genocide against the Palestinians in Gaza, and international work to relieve the afflicted and stop the Zionist efforts of destruction.”

https://alforatnews.iq/news/السوداني-يجدد-لابن-سلمان%C2%A0موقف-العراق-الثابت-في-دعم-جهود%C2%A0منع-توسعة-الصراع-في-المنطقة

RV UPDATE BY MR SALVAGE, 12 NOV

 MR SALVAGE

Report from Mr salvage:


 German bastidas leader from pentecostal group is stating that his group again win the case against the government claim of fraud and the banks and the courts posted in the news papers they are honest and legit ,


 that also all pentecostal group international are done that the groups of Brazil, New York, already got the one % and also those groups will help the pentecostal group of Colombia start the blessings in five days that leader Betzabe also will start contact all leaders in five days also with help of God,


 that also he said he will be closing his table . Any updates i will be posting Mr salvage.

THEIR MONEY CAN MOVE IN AND OUT OF THEIR COUNTRY NOW FREELY BY FIREFLY @DINARREVALUATION


 

Experts: Faw Port Is Iraq's Gateway To A Global Economic Future, 12 NOV

 Experts: Faw Port Is Iraq's Gateway To A Global Economic Future

Economic  2024/11/11  Economic circles agreed on the importance of opening five berths within the Grand Faw Port project, and considered it the first step towards correcting the paths of the Iraqi economy, as the project represents the first step in an ambitious policy to create major infrastructure in the country, serving all sectors without exception, and is an acceptable approach to diversifying the Iraqi economy and providing opportunities for a wide segment. It is hoped that the project will be completed in its three phases in 2028 with a total capacity of 91 million tons annually.

Prime Minister Mohammed Shia al-Sudani, who sponsored the ceremony of receiving the five berths of the Faw Port from the Korean implementing company, described it as “the people’s project,” and that it “gains great importance due to its connection to the development road project, which will link, starting from the Grand Faw Port, the economies of most countries in the region, and will be an outlet for achieving economic integration,” noting that Iraq remains a fundamental pillar in the global economy, and a historical part and passageway of the most important international exchange routes.

The Five Platforms

Al-Sudani pointed out the importance of the five docks in the Grand Faw Port, as they represent the backbone of the port project in its first phase, which will be completed next year according to the previous timetables. Huge commercial ships with large drafts have already docked on the port docks.

Real Transformation

Chairman of the Federation of Chambers of Commerce, Abdul Razzaq Al-Zuhairi, described the opening of the five berths in the Grand Faw Port as a real transformation in the paths of national and global trade.

He said: Today we are facing a launch to serve the national economy, as we have actually begun to revive the Iraqi infrastructure in the ports sector, as this step represents an advancement to the global level of services provided to the national economy.

The Biggest Project

Al-Zuhairi added that the port’s capacity for all its phases exceeds 90 million tons annually, a number that reflects the extent of the work required in this project in particular. When the larger project, the development road and its facilities and the Grand Faw Port, are completed, there will be a need for millions of specialists, and here everyone can imagine the reality of the performance required in such locations.

He pointed out that the country is facing a new phase and new institutions, which are being created with the development of work in this site, which has become global, as it has become the focus of attention of the world's major economies in the East and West of the world.

Starting Point

Economic expert Mitham Al-Bolani confirmed that the starting point of the development path is the port of Faw, which has become a reality in economic life and the first real infrastructure for developing the national economy and has a positive impact on the global economy, especially since the development path is being implemented in an Iraqi-Turkish-Emirati-Qatari partnership, and that the Turkish side, in its first steps, concluded a quadripartite agreement with Hungary, Serbia and Bulgaria with the aim of delivering goods to the farthest parts of the world.

He stressed that the port of Faw represents an important starting point for global trade in various directions, and thus this port has great economic feasibility, especially with the existence of the development road, as the port and the road complement each other, pointing out that Iraq will be a fertile and mature investment destination for manufacturing industries at the present time at the very least and strategically in the future.

Geographical Area

It is noteworthy that the member of the Parliamentary Finance Committee, Mustafa Al-Karawi, said in a statement to the Iraqi News Agency (INA): The opening of the five docks and the completion of the investment in the Faw Port will contribute to supporting the development path, in addition to the fact that it will be part of the Silk Road, indicating that Iraq is located in a geographical area that makes it a link between the major countries, China and Europe.

Global Trade

Development Consultant Amer Al-Jawahri said: The Grand Faw Port is the first real step that facilitates the reality of global trade and connects the West of the world to its East by the shortest and least time-consuming routes. It will also enhance the volume of international trade for Iraq with the countries of East Asia, where there is a large volume of trade and achieves fluidity in this aspect.

He pointed out that completing all stages of the Grand Faw Port, as a starting point for the development path, will enhance the reality of the Iraqi economy, and Iraq will be a real attraction point with great and sustainable benefit for Iraq.

Executive Body

He pointed out that Iraq, through this port, will be of new benefit to European countries and the West in general, and they will develop tendencies to invest in Iraq and its regions close to this project.

Al-Jawahiri recommended establishing the executive body for the development road project, of which the Faw Port is an important part, complementary to the new road and railway projects and other projects in more than one economic joint, which is considered a necessity for this project.

Make Agreements

He pointed out the importance of concluding agreements with several countries that have a direct impact on the process of managing the integrated project, starting with the port and the development path with all its institutions.

 He stressed the necessity of forming the Faw Economic Zone Authority, which will handle the issues of economic and industrial cities and the technological city, all the way to the tourist city, which is an important part of the region and of great benefit. Here, we stress the necessity of forming institutions and the authority with legislation, so that it will transcend the successive governments that have managed the country.

WE SHOULD RECEIVE OUR NOTIFICATIONS PRIOR TO NOV 20TH TO START SCHEDULING OUR APPOINTEMENTS BY TEXAS SNAKE, 12 NOV

 


MARKZ: " 10th December is victory day in iraq" ‪@DINARREVALUATION‬

 


Among Them Is Iraq.. The Country That Bought The Most Gold In 10 Yea, 11 NOV

 Among Them Is Iraq.. The Country That Bought The Most Gold In 10 Yea

Money and business     Economy News - Follow-up    Governments store thousands of tons of gold bullion in their vaults, as the precious metal is considered a safe haven. Iraq has become one of the most popular countries in the world in buying gold and boosting its reserves of the yellow metal.

The economic website "RBK" published a report, based on data from central banks around the world, the International Monetary Fund, the World Bank, and the World Gold Council, highlighting countries' purchases of the yellow metal from 2013 to 2023.

According to the report, central bank purchases in the world at the end of 2023 amounted to about 1,037 tons of gold, which is the second largest volume ever purchased on an annual basis.

The report showed that Russia, China and Turkey were at the forefront of gold buying countries during the mentioned period, as the three countries’ purchases amounted to 2,903 tons of the resonant yellow metal.  https://economy-news.net/content.php?id=49703


SANDY INGRAM: Why is Iraq's Currency Lagging Behind Kuwait's Currency #iqd #kwd

Economist Identifies Main Reason Behind Dollar's Rise, 11 NOV

 Economist Identifies Main Reason Behind Dollar's Rise

Today 11:46   Information / Baghdad.. Financial and banking researcher Mustafa Hantoush confirmed today, Monday, that the demand in the parallel market is the reason behind the rise in the dollar exchange rate. Hantoush said, in an interview with Al-Maalouma Agency, that "the main reason for the rise in the exchange rate of the dollar against the Iraqi dinar is the demand in the parallel market."

He added that "the huge trade with neighboring countries and the number of travelers estimated at millions caused an increase in demand in the parallel market," noting that "some small traders do not have licenses or companies to import."

He explained that "fears of wars in the region push traders, markets and citizens to exaggerate the quantities imported and purchased, and also push some to save dollars."

He continued: "There are no problems in the Iraqi supply chains from (Turkey, Canada, Australia, China and India) and there are no concerns about the liquidity of the dollar in Iraq." LINK    LINK

Coffee with MarkZ. 11/11/2024


Thank you MarkZ for all your time, and encouragement daily….. PDK

MarkZ  Update- Some highlights by PDK-Not verbatim

MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context.  Be sure to consult a professional for any financial decisions

Member: Good Morning, All!! I hope your weekend was fantastic, and Happy Veteran's Day!!

Member: Thank you to all the Veterans for all of their sacrifices for our country!

MZ: We give all the Veterans our utmost gratitude. Thank you 

MZ: An interesting weekend in Iraq, We are joined for a reading on Armistice Day. We honor our Veterans.


Member: How much longer can they push this out, too many barely surviving..

MZ: We do not know the timing but, there is a massive push in Iraq to go before Dec. 10th. They say that’s when they want to be complete – so IMO they need to go sometime this month. That makes the most sense. 

Member: Another guru said redemption center appointments should start on 26th, why would they start on Thanksgiving week? 

Member: I would be Thankful to see the RV that week for sure. Or sooner!

Member: Many are saying that by Tues.12 Nov. we should have a shotgun start.?

Member: I listened to militiaman last nite...he doesnt think it will be 2025...but VERY SOON now!

Member: Goldilocks doesn’t think it will go until first part of 2025 because that is when some banking laws take affect. 

MZ: Goldilocks may be right……but we will see. 

MZ: So far this morning it is very quiet on the bond side. But that is to be expected. On the west coast they don’t start moving around until 2-3 pm est in the afternoon . I hope to have a very solid update on the bond side this evening. 

MZ: CMKX also silent over the weekend. 

Member: So no RV until Trump officially takes office on Jan 20th?

MZ: I have simply not heard that ……80-90%  of my contacts believe we will be going before Dec 10th. There are a few outliers opinion that we wont be going until Trump is in….but the overwhelming majority believe we will go between now and Dec. 10th. 

Member I beleive we are on the threshold. 

MZ: In Iraq they were very busy and working over the weekend. That is where I am going to focus this morning. 

MZ” “Government spokesman reveals the most important features of the Sudanese and Trump communication”  This article really gets into the discussion. Trump believes Iraq can be a very calming influence in the region. They had spoken a number of times already. I believe at least 3 times since Trump was elected. The two sides stressed moving forward with relations between our countries and they also talked about money, technology and Iraq’s role in it…..you have to know Trump has a interest in iraqs ascension and change in Value. It would bring financial stability to the US and peace and prosperity to many parts of the world. This is very encouraging.

MZ: Iraq is talking right now about how many things they can now move forward on now that they could not move forward with before – when they did not know which administration was going to be running the US. It seems the Iraqi people are excited about Trump being elected as now they know where they stand and can move forward with their reforms ……I found that very interesting as I read their weekend news articles. . 

MZ: Benjamin Netanyahu also spoke at least 3 times with Trump on to bring things to a conclusion in Israel and end the conflict. 

MZ: “ A Turning Point in fiscal policies-What happens after the dollar movement monitoring platform?” this is all about the auctions . They talk about the mechanisms in securing the US dollar for trade. How is it now going to function?  Well the Iraqi banks will be sovereign. They will be working with an organization in the US and this may shock people. 

MZ: “The advisor for the Prime Minister announces the mechanisms of support of the US Treasury to Iraq” Not the Federal Reserve. So it’s the US Treasury in charge of the movement of money , securely moving money and handling loans to Iraq if any of them need forgiving or adjusting. So who is working with Iraq to make sure banks are modernized and secure?   The US Treasury.  No longer working with the Federal Reserve. 

MZ: This is huge because we were told one of Trumps plans is to fold the Federal Reserve into the US Treasury and do away with the Fed as we know it now. 

Member: I think this is huge…..and good by Jerome Powell. 

Member:  Stock market news is talking about Warren Buffet is getting ready to go on a massive shopping spree when the market recorrects

MZ: That makes sense

MZ: “ Parliamentary Finance reveals a move to question the Governor of the Central Bank of Iraq. We are working to change it” Iraq has some antiquated laws that Alaq is past the retirement age. Some say he should already be retired…..But parliament is working on changing that law so he can continue to work.I think this is important as they get close to changing their rate….

Member: Alaq needs to finish the RV that he started.  

MZ: “ Elon Musk Reposts call to end the Federal Reserve Bank” He says the Federal reserve bank has deviated from the constitution and this is another reason why we should “End The Fed” The constitution does not allow for the Federal Reserve. So they can remove it. Elon Musk and Judy Shelton is a big fan of this. There is also growing influence for this by Rand and Ron Paul. We will see “End the Fed” picking up speed. 

Member: Come on QFS and new USN asset backed currency!!!!. 

MZ: “Sudani heads to Saudi Arabia to participate in Arab and Islamic summit”  They are working on establishing peace in the middle east right now.  

MZ: In Vietnam: “ Vietnam Central Bank ready to sell US dollars to keep exchange rate stable” so they are going to sell US dollars and bring back in Vietnamese dong off the streets. What did we say about the pivot and auctions ending….A similar thing is happening in Iraq. They pull Dinar and dong off the streets to support its value. I believe they are about to change their exchange rates. 

Member: MarkZ, IYO, is the VND going to RV at or above $!?

Member: Even if worst case scenario all currencies go 1 to 1 at the start……It will be a huge ROI  (Return on Investment) for all of us. 

MZ: I still expect the dong to go at the same time. 

Member: What is your gut prediction saying today Mark?

MZ: I am waiting for a bond update today before I give you that. 

Member: Mark do you think some are the bond people are under an NDA?

MZ: Yes I do. But whether or not they have been paid- in all certainty I don’t. 

Member: Do you think the Iranian Rial will go at the same time as the dong and dinar?

MZ: I do not think the Rial will be in the first basket. I wish it were- but do not think it is. 

Member: “Veterans are a symbol of what makes our nation great, and we must never forget all they have done to ensure our freedom.”

Member: Happy Veterans Day to all who served!! We appreciate and thank you all!!!

StacieZ joins the stream today. Please listen to the replay for her information. 

THE CONTENT IN THIS PODCAST IS FOR GENERAL & EDUCATIONAL PURPOSES ONLY&NOT INTENDED TO PROVIDE ANY PROFESSIONAL, FINANCIAL OR LEGAL ADVICE. PLEASE CONSIDER EVERYTHING DISCUSSED IN MARKZ’S OPINION ONLY

RV UPDATE BY WOLVERINE, 11 NOV

 WOLVERINE

  • Sat. 9 Nov. 2024 Wolverine: “The RV has started. Thank you God. 
  • Everyone’s saying that by Tues.12 Nov. we should have a shotgun start. Everything is going at once. The bankers had a meeting and said that Zurich has already started.

  •  The codes were locked in a couple of days ago. Remember Tues. 12 Nov. is when we expect things to roll.”

CBI CONTACT INTEL : IRAQ IS PLANNING THE NEXT PHASE OF THE PROJECT DELET...

Association of Private Banks: Financial inclusion increased to 48%, 11 NOV

 Association of Private Banks: Financial inclusion increased to 48%

Economy News – Baghdad

The Association of Private Banks announced on Saturday a high financial inclusion of electronic payment during the last two years.

“During the last two years, there has been progress in terms of increasing financial inclusion and the use of bank accounts, especially after government decisions regarding increasing the use of electronic payment,” said Ali Tariq, executive director of the Association of Private Banks, in a statement to the official agency and followed by “Economy News.”

He pointed out that “there are many citizens who have bank cards or bank accounts and the start of using electronic payment is clearly and gradually increasing, and all of these are reflected in the financial inclusion rate, which has risen according to the latest Central Bank data to 48%.”

He added: “Our ambition in the next phase is to increase financial services and be directed not only in city centers but also in villages and rural areas so that there are financial services that include the largest possible class of society.”

On Friday, Prime Minister Mohammed Shia Al-Sudani issued several directives to expand financial services in the governorates.

The Prime Minister’s Information Office stated that “within the framework of the efforts to reform the financial and banking system, as one of the priorities of the government program, and given the important steps achieved during the past two years, and in light of the challenges witnessed by the financial and banking system, especially in the governorates, and since confronting them requires greater attention and radical improvements to ensure the strengthening of confidence in the financial and banking sectors, facilitating the process of economic development, increasing financial inclusion and raising its indicators throughout the country. Because most of the events were concentrated in the capital Baghdad, Prime Minister Mohammed Shia Al-Sudani directed a number of steps in this regard:

1. Increasing the number of banking branches in the governorates to meet the needs of the local population, and in a way that contributes to expanding the scope of financial services, while paying attention to buildings, their modernity and providing their basic requirements.

2. All banks in the governorates must adopt modern technologies such as online banking services and mobile applications, making it easier for citizens to access their banking services easily.

3. Emphasizing on banks the importance of developing their financial services commensurate with the needs of individuals and small companies, such as soft loans and savings accounts.

4. Enhancing financial inclusion in the governorates by providing banking services to different categories of society, including districts and areas in villages and rural areas.

5. Launching conferences and awareness campaigns in the governorates, to educate citizens about the importance of dealing with banks and how to manage and invest funds properly.

6. Organizing workshops to train young entrepreneurs and local entrepreneurs on how to deal with loans and financial services.

He added that “the Ministry of Finance, the Central Bank of Iraq, and the associations of Iraqi private and Islamic banks will coordinate with the offices of governors to complete the above tasks according to competence and responsibility, and submit quarterly reports (every three months) to the Prime Minister’s office on the progress of work on the steps mentioned above.”


Views 80

Added 2024/11/09 – 10:35 AM

https://economy-news.net/content.php?id=49631


TIDBIT FROM MILITIAMAN, 11 NOV

 Militia Man  

 [via PDK] 

 ...things are happening fast and furious...With that development road – people and trade will come in droves. The push is big…this article was interesting to me “In 5 days Iraq Central Bank sells more than a billion dollars” and they say there is now no room for the parallel market or black market for dollars. 

This is huge from Al ALaq.

  Once they open the doors and change the REER [Real Effective Exchange Rate] then the dinar will then be stronger than the dollar.  That is what Al-Sudani has said more than once. And that is what we are waiting for.

DINARLAND UPDATE @DINARREVALUATION

Sudanese to visit Kurdistan on Wednesday, 11 NOV

 Sudanese to visit Kurdistan on Wednesday

Shafaq News / Federal Prime Minister Mohammed Shia Al-Sudani is scheduled to visit next Wednesday the city of Erbil, the capital of the Kurdistan Region.

According to a government source who spoke to Shafaq News Agency, the Sudanese will meet during his visit with Kurdish officials in the region, and hold several talks with them, and then go to Sulaymaniyah governorate.

https://www.shafaq.com/ar/سیاسة/السوداني-يزور-قليم-كوردستان-يوم-ال-ربعا-المقبل

TIDBIT FROM FRANK26, 11 NOV

 Frank26 

  If you have a lot of dinars, don't you dare let them out of your sight.  Many of you are finding out if it's a small bank, just like we told you, they're going to send them to a bigger bank.  No, no. 

'Tell me the address of the bigger bank where you're going to send my dinar to be verified here in Ohio?'

 'To Columbus, probably to our state bank down there.' Okie-Dokie I'm going to take them down there.  

But in my case no...I'm not going to [just] one place...Make appointments with [different banks] for them to come to my [your] house...They'll bring all the protection that is needed...


Breaking News: Trump and Sudani's Game-Changing Call! BY FIREFLY @DINARR...

Iraqis are anticipating the achievement of a “dream” 2025, 11 NOV

 Iraqis are anticipating the achievement of a “dream” 2025

Shafaq News / The first phase of the large port of Faw project located in the Faw Peninsula south of Basra governorate, the far south of the country, is expected to be completed by the end of 2025, to be one of the economic tributaries of the budget and a key pillar of the Iraqi economy, as well as providing at least 150,000 job opportunities for the people of Basra governorate and the rest of the Iraqi governorates.

Iraqi Prime Minister Mohammed Shia Al-Sudani announced on Thursday the receipt of the five berths that represent the backbone of the Al-Faw Grand Port project in its first phase, describing the port as “Iraq’s most prominent project, and the people’s project.”

Al-Sudani said during the ceremony of receiving the sidewalks from the Korean company that his government faced “great challenges” in starting the implementation of the vital development road project, considering the Al-Faw Grand Port project that it would transform the historical geographical situation of Iraq.

For his part, Transport Minister Razak Muhaibs Al-Saadawi said in a speech during the same ceremony that: FAO Port and Development Road are the gateway to economic growth in Iraq and the region.

On September 14, the Sudanese stressed the need to intensify research and explanations on the two projects of the Great Port of FAO, the development path and the opportunities they will provide, pointing out that these two projects are a basic gateway for economic growth in Iraq and the region, and an important pillar for the expansion of the non-oil economy.

In this context, the spokesman for the Iraqi Ministry of Transport, Maitham Al-Safi, said that “the port of Al-Faw is an important strategic port that will be the lungs of the development road and its beating heart, and this port will allow Iraq to have a view of the sea and benefit from its waters.”

Speaking to Shafaq News Agency, Al-Safi pointed out that “there are future prospects related to this giant project, which consists of five other projects representing the port’s infrastructure, most notably the five berths that have been completed by 100%.”

He also added that “the road linking the port of Al-Faw and Umm Qasr reached a completion rate of 92 percent, and the submerged tunnel, one of the important projects, and the wonderful urban planing in the large port of Al-Faw, has also reached a high completion rate.”

He added: “The ten pieces of the submerged tunnel project were also flooded in the tunnel basin in order to pull them to the Khor Al-Zubair canal and place them in the trench dedicated to it, so that there is a process of completing the connection of the two sides of the road leading from the port of Al-Faw towards the city of Umm Qasr and then the city of Safwan.”

Regarding the third project, Al-Safi explained that it is the “navigation channel”, which reached 77%, as well as the “container yard” project, and its completion rate reached 88%, and there are multiple projects such as breakwater, and this is complete with the port entrance by 100%.

He stressed that “the importance of FAO port is consistent with the nature of benefiting from it, as this project is dedicated to large and medium-sized tonnages, and there will be a link between Asia and Europe through this port,” noting that “FAO port is related to a larger project, which is the Development Route project, as the FAO port is one of the components of this project, considering that the development route project as well as the railway and land line represent three main components of the Development Road project.REPORT THIS AD

He pointed out that “there are field visits from Turkey to the port, as well as from specialized committees from advanced foreign countries in port work, and there are also continuous visits from Arab and Asian delegations to see the work of the port,” stressing that “the port of FAO will represent a fundamental pillar of the Iraqi economy, which will go to economic diversification instead of unilateralism by relying on oil and the renter economy.”

Al-Safi concluded by saying that “the port of FAO will be dedicated to the development of future projects, including the establishment of the largest industrial zone in the Middle East in line with global technological development, and the port’s coasts will be used for tourism issues and others.”

For his part, the Chairman of the Finance and Administrative Committee in the Basra Provincial Council, Dr. Shukrak Mahmoud Al-Amiri, explained that “the receipt of the five berths, which are one of the projects in the large port of Al-Faw, is of strategic importance for Iraq and the beginning of realizing its dream of having an independent port overlooking the Arabian Gulf with a large submerge receiving giant ships.”

Al-Ameri said during his talk to the agency, “this stage, in which five berths with a length of 1750 meters were completed, will be followed by the furnishing of these piers and at the same time the arrival of specialized companies to manage the operation process.”

Four other projects are in the process of being completed, namely the road linking FAO and Umm Qasr, which reached a completion rate of about 90 percent, the submerged tunnel, the navigation channel, excavation works, marine landfills and the container yard, according to Al-Amri.

He warned that “the above projects will be completed as planned in 2025, and at the end of 2025, the port may be opened as a first stage of receiving ships and operates in five berths, and during this stage, the Ministry of Transport may start completing the completion of the rest of the berths, as the port has 99 berths distributed in three phases, all of which end according to the plan in 2038.”

He stressed that “it is possible to start with the five berths to be strengthened successively, as the area of the Faw port is 54,000 dunums, and throughout this area there will be work that attracts labor at all levels.”

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He pointed out that “it is planned for the port to achieve 200,000 job opportunities if it works at full capacity, and it was agreed in the Basra Provincial Council that the Iraqi worker should have priority in working while giving way to the foreign worker, the condition of specialist, while normal labor must be Iraqi.”

In turn, the president of the Union of Iraqi Businessmen in Basra, Sabih Al-Hashemi, said that “the great port of Faw is considered an important economic event and one of the economic tributaries of the Iraqi budget in general, as well as a vital and strategic port and will be the artery of the Iraqi economy.”

During his talk to Shafaq News, Al-Hashemi predicted that “the port will provide at least 150,000 job opportunities for the people of Basra and the rest of the Iraqi provinces, including the Kurdistan Region,” expressing his hope to “speed up its completion and attention to it by the concerned authorities.”

The cost of the FAO port is about 4.6 billion euros, with an estimated capacity of 99 million tons per year, to be one of the largest ports bordering the Gulf and the tenth in the world, and the foundation stone for this project was laid on April 5, 2010.

The issue of the large port of FAO, and the slowness in its completion, sparked a wide controversy in Iraq, and the deputies of successive governments were accused of making deals with neighboring countries that exaggerated the establishment of the port for the benefit of the ports of those countries. The project also witnessed some looning after the “suicide” of the technical director of the South Korean company Daewoo, which implements the Faw Grand Port project, for mysterious reasons.

Shafaq.com


Iraqi bank manager friend Aki update BY WALKINGSTICK, 11 NOV

 Walkingstick  

 [Iraqi bank manager friend Aki update]  

 WALKINGSTICK You told us about these bulletin boards/ billboards that are going be brought to you there at the bank...Do you have the bulletin boards, you know the ones that you told me that they were going to send you with the pictures...explanations/descriptions of all the notes?  

You have...the ones you told me are going to be distributed to all these currency centers, to all the banks?

AKI:  No.  I don't have them in the Dearborn banks yet.

  WALKINSTICK:  Have they told you when they're going to give you these boards?  

AKI:  I was there, Sudani was there, Alaq was there, the US Treasury, IMF, World Bank, everybody was there when these were constructed so I'm not going to tell you when we're going to display them but I'm going to tell you that I'm going tell you that I'm going to. 

WALKINGSTICK:  #1 you don't have them in your possession yet?  

AKI: Correct 

WALKINGSTICK:  #2, you were present when these boards were made

AKI: Yes.