Monday, December 9, 2024
PM Al-Sudani in Victory Anniversary: Terrorism no longer has a foothold in Iraq, 10 DEC
PM Al-Sudani in Victory Anniversary: Terrorism no longer has a foothold in Iraq
Shafaq News/ On Monday, the Iraqi Prime Minister, Mohammed Shia Al-Sudani, declared that terrorism no longer has a foothold in Iraq.
During his speech in Victory Day anniversary, commemorating seven years since Iraq's defeat of ISIS, Al-Sudani praised the sacrifices of the nation, stating, “This victory, achieved through the sacrifices of our martyrs and wounded, supported by the fatwa of the Supreme Religious Authority, is a source of pride for all Iraqis. ”
He highlighted Iraq's role in combating terrorism on behalf of the world, adding, “Our allies stood with us in this fight because Iraqis were battling a threat that endangered the entire region and the globe. Today, terrorism has no place in Iraq, and its remnants face only defeat and flight before our armed forces.”
The PM further stressed the importance of addressing the root causes of the 2014 ISIS invasion, pledging to strengthen the rule of law, rebuild liberated areas, and support displaced communities. Iraq has emerged stronger, victorious, and resolute in its pursuit of reconstruction and development, he said.
Commenting on the ongoing crisis in neighboring Syria, Al-Sudani urged the international community to act responsibly, stating, “We hope that the region and the world will act responsibly to safeguard Syria’s security and sovereignty. The Syrian people must have the freedom to determine their future, and the international community must ensure the unity of Syrian territory and protect its diversity.”
DINAR REVALUATION REPORT: RV UPDATES, 10 DEC
DINAR REVALUATION REPORT:
RV UPDATES
Summary
Stay updated on finance, currency revaluation, and Iraq Dinar news. Important announcements and potential developments are expected in the next few days.
Highlights
- 🔍 Dinar RV Updates: Anticipation builds around the Iraq Dinar revaluation and related news.
- 💰 Contract Rates: President Trump aims to secure better rates for the Dinar, beyond standard bank rates.
- 📈 Economic Reforms: Iraq’s government is focused on monetary reforms, with significant changes expected soon.
- ❗ Redemption Centers: Over 6,000 redemption centers are confirmed for Dinar exchanges, enhancing access.
- 🌍 International Cooperation: Iraq’s Central Bank collaborates with the EU and Germany to improve financial markets.
- 📅 Upcoming Announcements: A significant announcement regarding the HCL and exchange rates is anticipated in the next few days .
Key Insights
- 🔍 Redemption Centers Are Real: With over 6,000 centers available, access to better rates for currency exchange is becoming a viable option for investors. This network is crucial for facilitating the expected currency revaluation.
- 💰 Contract Rates Explained: Contract rates exist independently of formal contracts, potentially offering higher exchange rates for Dinar holders, reflecting the administration’s effort to maximize investor returns.
- 📈 Monetary Reforms Underway: Iraq’s current government is working diligently on economic reforms, which are key to stabilizing and enhancing the value of the Dinar in the global market.
- ❗ Public Sentiment: Iraqi citizens express frustration over unmet promises regarding purchasing power, illustrating the gap between government actions and public expectations, which could impact political stability.
- 🌍 International Partnerships: The agreement with the EU and Germany signifies Iraq’s commitment to reform and modernization, paving the way for improved economic conditions and foreign investment.
- 📅 Expectations for Change: Analysts predict significant developments in the next few days, suggesting a critical period for currency revaluation that could reshape Iraq’s economic landscape.
Regional shockwaves: The fall of Al-Assad's regime and Iraq's political dilemmas, 10 DEC
Regional shockwaves: The fall of Al-Assad's regime and Iraq's political dilemmas
Shafaq News/ The collapse of Bashar al-Assad's regime in Syria has sent shockwaves across the Middle East, with profound implications for neighboring Iraq.
The Syrian civil war, which began in 2011, culminated in November 2024 when opposition forces started a surprise attack on the Syrian army and took control of major cities including Aleppo, Homs, and Damascus, ending over 50 years of Al-Assad family rule and marking a historic turning point.
Iraq, already grappling with internal challenges, is now facing heightened instability due to the spillover effects of Syria's fragmentation along ethnic and religious lines. This raises fears of similar repercussions within Iraq.
Shiite Bloc: Balancing Act Amid Regional Upheaval
The relationship between Iraq's Shiite political factions and the Alawite Al-Assad family has been historically rooted in alliances forged during the Iran-Iraq War (1980–1988), with both siding with Iran against Saddam Hussein's Sunni-dominated regime.
Post-2003, some Iraqi Shiite factions, particularly those aligned with Iran, actively supported Al-Assad's regime, even fighting alongside Syrian government forces. However, this time Iraqi leaders have shown restraint, avoiding direct involvement in Syria’s conflict to prevent destabilizing effects at home.
Political analyst Azzam Al-Hamdani highlighted the Shiite bloc's cautious stance, "The Shiite political bloc [Coordination Framework] is the decision-maker in Iraq and perceives the war in Syria as a potential catalyst for change and the emergence of new regimes in the region. Therefore, it fears for its interests and Iraq, given its control over the political balancing act in the country."
This sentiment was echoed by Abdul Rahman Al-Jazairi, a leader within the ruling Framework. He expressed concerns about the broader regional implications, stating, "Prime Minister Mohammed Shia Al-Sudani believes Iraq is not part of the conflict, contrary to some politicians' claims that the war is approaching the country."
Sunni Bloc: Limited Influence in Regional Affairs
The Sunni political bloc in Iraq is viewed as lacking decision-making power and influence, often following the directives of the Shiite leadership.
Al-Hamdani noted, "The Sunni political bloc is not a decision-maker in Iraq; it represents the weakest link and thus relies on the outcomes rather than influencing regional events."
"The Sunni political actor is weak and ineffective to be a party in the equation; rather, it is subject to the dictates of Shiite political decisions. Even though there is a partnership in the state within the political system, it still adheres to what is imposed on it by Shiite political decisions."
“The Sunni house is a participant, not a partner, and follows the path dictated by Shiite political decisions. The same is true for the Kurdish political house." Al-Hamdani said.
Khamis al-Khanjar, head of Iraq’s Sunni Sovereignty (Al-Siyada) Alliance, is one of the few Sunni leaders to address the Syrian regime's collapse. He congratulated the Syrian people, calling the event “the end of an era of criminal dictatorship in Syria and the beginning of a new chapter.” Al-Khanjar also urged all nations to respect Syria's sovereignty, emphasizing non-interference in its internal affairs.
Kurdish Bloc: A Measured Response
The Kurdish political perspective reflects both strategic considerations and a sense of shared danger. Kurdish analyst Abdul Salam Barwari emphasized the Alawite-led Syrian regime's pivotal role as a conduit for Iranian support to Hezbollah via Iraq.
Barwari explained, "It is unfair to say that Sunnis and Kurds are uninterested in the events in Syria. However, their reactions are calmer compared to the Shiite positions, due to the lack of a direct threat to them. But if Iraq is targeted, the threat will affect everyone."
He further noted the uneven media attention on different political groups, "Sunni and Kurdish politicians share the same sense of danger as the Shiites, but media coverage tends to focus more on Shiite politicians and officials, resulting in their greater media presence."
MAJEED: I told the budget was adjusted today and done, 10 DEC
MAJEED
I told the budget was adjusted today and done
They published three different articles today saying only 4 out of 5 laws will be pushed to the next legislative term which is the beginning of the year
but the budget was NOT mentioned to be done by the beginning of next year
Which mean it was done today
So now we wait as what they said:
“ the law become effective on the day of its publication on the official gazette”
So we are waiting on that
And they publish gazette on random days
but the budget was NOT mentioned to be done by the beginning of next year
Which mean it was done today
So now we wait as what they said:
“ the law become effective on the day of its publication on the official gazette”
So we are waiting on that
And they publish gazette on random days
Iraq rises to third in Arab gold reserves, 28th globally, report, 10 DEC
Iraq rises to third in Arab gold reserves, 28th globally, report
Shafaq News/ Iraq climbed to third place among Arab countries in terms of gold reserves, and 28th globally, following Lebanon’s removal from the ranking, the World Gold Council announced on Monday.
According to the council’s latest report published in December 2024, Iraq’s gold holdings increased to 152.7 tons, up from 152.5 tons last month. These reserves account for 11.5% of Iraq’s total foreign reserves, securing its position as the third-largest holder of gold in the Arab world.
The council noted that "the United States continues to top the global ranking for gold reserves, with 8,133.5 tons, followed by Germany with 3,351.5 tons, and Italy with 2,814 tons. Meanwhile, Bosnia and Herzegovina ranked last with just 1.5 tons."
The report did not specify why Lebanon, previously ranked third in the Arab world with 286.8 tons of gold reserves as of last month, was excluded from the ranking.
The World Gold Council, headquartered in the United Kingdom, is a leading authority on the factors influencing the gold market. It includes some of the largest gold mining companies in the world.
MAJEED : ARE YOU READY?? , 9 DEC
MAJEED
ARE YOU READY??
I told you they post after it’s done
This letter was signed on Saturday Dec 7th to the parliament to hold it on their session on Sunday… which they did
It literally ask them to go ahead with:
——————
1-article 58 of the 3 years budget:
to pass revenue sharing such as compensating Kurdistan “HCL” … to ensure financial transparency
——————
2-article 11 of implementing the budget:
procedural requirements for the execution of the budget.
Financial Supervision Calls For Building Strong And Effective Partnerships Between The Private Sector And Civil Society, 9 DEC
Financial Supervision Calls For Building Strong And Effective Partnerships Between The Private Sector And Civil Society
Money and business Economy News – Baghdad The Supervision and Inspection Department of the Securities Commission called on Saturday for building strong and effective partnerships between the private sector and civil society. While indicating that volunteer work is an effective tool for enhancing community spirit and developing youth skills, it stressed the endeavor to enhance the partnership between the private sector and promising youth volunteer initiatives.
“Choosing this conference as a platform for cooperation and coordination reflects our deep awareness of the vital role that young people, especially school students, can play in building a brighter future for our beloved country,” said Amir Sabah, Director of Supervision and Inspection at the Securities Commission, during the first coordination conference of the Securities Commission and the School Student Volunteer Team, as followed by “Al-Eqtisad News.”
He added, "Volunteer work is an effective tool to enhance community spirit and develop leadership skills among young people. It is at the heart of our interests. Through this conference, we seek to enhance the partnership between the private sector and these promising volunteer initiatives, in the belief that investing in these young energies is not only a social duty, but a long-term investment in the future of Iraq."
He added, "The role of private companies in this context is not limited to financial support only, but extends to providing expertise and guidance, and opening horizons for these young people to innovate and create," calling on all companies and institutions to "be part of these initiatives, and contribute to achieving their noble goals."
Sabah praised the "exceptional efforts made by the school student volunteer team," noting that they "proved - through their dedication and creativity - that Iraqi youth are capable of giving and inspiring, whenever given the opportunity," calling on everyone to "seize this opportunity to build strong and effective partnerships between the private sector and civil society, in a way that serves the interests of our beloved country." https://economy-news.net/content.php?id=50630
BROTHERS TECHNOLOGY: THE BANKS ARE READY TO GO!! , OIL REFORM IS COMPLETE AND GET READY!!, 9 DEC
BROTHERS TECHNOLOGY
It's almost celebration time for the Prime Minister who ordered Parliament to proceed with the budget amendment and my brother Majid aka Dr. Chat Gpt shows that he has the green light.
As you see, the banks are ready to go. And so do we. Oil reform is complete and get ready.
Iraq is ready for takeoff, citizens. Prepare for your surprise. Any time from this moment...
Gpt, purpose of the acronym. This is amazing.
And Iraq's central bank trains employees in these certifications in preparation for global currency markets and the internationalization of Iraq's banking system.
Where Did The Amendment Of The Budget Items Related To Oil Exports In The Kurdistan Region Stand? , 9 DEC
Where Did The Amendment Of The Budget Items Related To Oil Exports In The Kurdistan Region Stand?
|Source: Sumerian News – Politics Reported Committee The Oil and Gas Parliamentary Committee, in support of addressing the situation in the Kurdistan Region’s oil fields, demanded that the fields be subject to an international consulting company either affiliated with the Federal Ministry of Oil, or has a relationship with it.
He said Deputy Chairman of the Committee Adnan Al-Jaberi said, "The committee is in favor of addressing the situation in the Kurdistan Region's oil fields, because the country needs the quantities produced there, in addition to arranging the relationship between the region and the federal government."
He explained that the proposed amendment stipulated that compensation for companies operating in the Kurdistan Region would be determined by an international consulting company specializing in evaluating each field and its production costs, so we are in favor of addressing this situation.
Pointing we have no comments other than that the region's fields should be subject to an oil company either affiliated with the federal Ministry of Oil or related to it, in order to organize work in a more professional and transparent manner, and the status of the region's oil will be like the status of oil in other Iraqi governorates.
It is noteworthy that the parliamentary finance committee is close to preparing the final report to amend the budget items related to oil exports in the Kurdistan Region, after answering the questions it posed to officials in the Ministry of Oil.
A statement issued by the media department of the House of Representatives stated that the parliamentary finance committee, headed by Atwan Al-Atwan, and in the presence of its members and a number of members of other parliamentary committees, hosted last week the Undersecretary of the Ministry of Oil for Extraction Affairs, the Director General of the Legal Department, the Director General of the Economic Department, and the Director General of the State Oil Marketing Company (SOMO), to discuss amending the general budget items related to oil exports by the region.
The statement added that Al-Atwani pointed out the importance of the meeting and the need to invest it in the best possible way to confront any potential changes in oil prices, stressing the importance of amending the item related to oil exports in the budget to address contracts related to production costs.
The committee raised a number of questions about the basic standards related to production costs, in addition to the payment of financial allocations, and the extent of commitment to contract terms, while emphasizing the formulation of amendments that achieve justice in the distribution of resources, through data analysis and adapting contracts in line with national requirements. LINK
TIDBIT FROM JON DOWLING, 9 DEC
Sun. 8 Dec. 2024 Jon Dowling
The attack yesterday in Syria with the removal of Assad is a major event! It allows for easier removal of c********n in Iraq. We’re just awaiting the gazette to publish the approval of the HCL Gas law.
The attack yesterday in Syria with the removal of Assad is a major event! It allows for easier removal of c********n in Iraq. We’re just awaiting the gazette to publish the approval of the HCL Gas law.
They have a deadline of the tenth, so victory is coming for us shortly. XRP will be the massive abridgment for all the currencies in BRICS to reset at lighting fast speed. Make sure to watch 60 minutes tonight, as they’re doing a key expose on ripple with Brad Garlinghouse.
They’re basically announcing to the world that XRPs breakout is upon us, along with everything else attached to it. Finally, the meeting President Trump had yesterday in Paris was highly significant. The bells were ringing of freedom and resetting the frequency that will help heal people going forward. When you know you know.
Subscribe to:
Posts (Atom)