Kirkuk moves forward on Article 140 compensation cases, 28 JAN

 Kirkuk moves forward on Article 140 compensation cases

Shafaq News/ On Monday, the Article 140 Committee in Kirkuk, northern Iraq, reported significant progress in resolving compensation claims for displaced individuals and newcomers, supported by financial allocations from Baghdad.

Hardi Khodr, Director of the Article 140 Committee in Kirkuk, told Shafaq News that “approximately 2,500 displaced individuals and 2,000 newcomers are set to receive payments as part of the government's annual 100 billion Iraqi dinars (approximately $76.7 million) allocation for these cases.” 

“During 2023 and 2024, the committee processed 2,969 compensation claims for newcomers and 1,699 claims for displaced Kurds,” Khodr noted, highlighting the committee’s achievements. “Currently, 5,728 claims for displaced individuals and 3,931 claims for newcomers are updated and ready for disbursement.”

He explained that the Supreme Article 140 Committee in Baghdad oversees the budget and ensures the proper allocation of funds. “The committee streamlines the application process for eligible individuals and forwards cases to the central office, where financial entitlements are issued through official checks,” Khodr added.

Notably, Article 140 of the Iraqi Constitution seeks to address demographic changes imposed by Saddam Hussein’s regime, which displaced original inhabitants—predominantly Kurds—and replaced them with Arab newcomers as part of an Arabization campaign.

The Article outlines a three-phase process: reversing demographic changes, conducting a population census, and holding a referendum for residents to decide whether to join the Kurdistan Region or remain under Baghdad’s administration.

Although implementation was initially set to conclude by the end of 2007, political and security challenges delayed the process. In 2019, Iraq’s Federal Supreme Court ruled that Article 140 remains valid and enforceable until its objectives are fully achieved.

FIREFLY: Television news reporting there is a liquidity issue, 28 JAN

 Frank26 

 [Iraq boots-on-the-ground report]  FIREFLY:Television news reporting there is a liquidity issue, that more than 70% of Iraqi citizens are still hoarding their 3 zero notes and many are not bringing them to the bank.

JULIAN ASSANGE: Dinar $4.21, VND $2.47, Bolivar $.83, ZIM $.30 ‪@DINARREVALUATION‬ #iraqidinar

 

EXCLUSIVE: Iraq’s CF has no concerns about Trump sanctions, eyes stronger ties, 28 JAN

EXCLUSIVE: Iraq’s CF has no concerns about Trump sanctions, eyes stronger ties

Shafaq News/ On Monday, Iraq's Coordination Framework (CF), comprising the Shiite political forces that form PM Mohammed Shia al-Sudani's government, confirmed it has “no concerns” about US President Donald Trump imposing sanctions on the country. 

Ali Nima, a CF MP, told Shafaq News, “The Framework is not concerned about Trump, and the fears of potential sanctions on Iraq are unfounded and far from reality,” adding, “Baghdad and Washington maintain good relations on various levels.”

“The CF does not believe that the Republican president will take any action against Iraq… On the contrary, he will work to strengthen the relationship," he pointed out. "We are striving to enhance this relationship in the upcoming period."

The MP further noted that "the United States is a nation of institutions with a consistent policy toward other countries, including Iraq… Changing the president does not alter this policy or lead to hostile actions against Washington's friends, including Iraq.” 

Since Trump's election victory, Republican lawmakers have reportedly worked to rally the new administration against certain Iraqi figures, accusing some of “full allegiance” to Iran and urging the US president to take action against them.

Trump's new team, experts suggest, includes some of the “strongest opponents” of the Iranian axis and is “highly critical” of the previous administrations of Joe Biden and Barack Obama, believing these administrations handed Iraq over to Iran. 

MILITIAMAN CC HIGHLIGHTS NOTES, 28 JAN

 MILITIAMAN CC HIGHLIGHTS NOTES

Highlights

Summary

In this video, the host engages with the audience regarding the ongoing economic developments in Iraq, particularly focusing on government reforms, international relations, and investment opportunities.

 The discussion highlights the significance of the Baghdad International Dialogue, Iraq’s economic reforms, and the potential for increased American business involvement in the region. The host emphasizes the importance of upcoming negotiations related to Iraq’s accession to the World Trade Organization (WTO) and discusses the implications of the financial budget law for the future economic landscape.

 Overall, the video presents an optimistic view of Iraq’s economic trajectory, underpinned by active governmental initiatives and international interest.

• 🌞 Beautiful Day for Discussion: The video opens on a sunny note, setting a positive tone for the discussion about Iraq’s economic developments.
• 💼 Focus on Budget Amendments: The legal framework surrounding Iraq’s financial budget law is crucial for understanding future government spending and economic reforms.
• 🤝 Baghdad International Dialogue: The seventh iteration of this dialogue emphasizes Iraq’s role as a pivotal player in regional discussions and its ability to attract international attention.
• 🏗️ Invitation for American Companies: Iraqi Prime Minister Al Sudani calls for American companies to engage in the country’s “development Renaissance,” highlighting an attractive investment environment.
• 📈 Economic Reforms Yield Results: The video discusses significant progress in foreign investments due to ongoing economic reforms, signaling a shift towards a more business-friendly environment.
• 🌍  WTO Accession Negotiations: Iraq is working towards joining the WTO, which would further integrate it into the global economy and simplify procedures for foreign companies.
• 🔄 Transitioning to Correspondent Banks: Discussions with American companies regarding Iraq’s transition to using correspondent banks signal a move towards modernizing its financial systems.

Key Insights

• 📊 Budget Law Implications: The discussion about the financial budget law underlines the legal stipulations that govern Iraq’s fiscal policies. The ongoing amendments and evaluations are critical to ensure that government spending aligns with national interests, especially as they prepare for the 2025 budget. The mention of the federal financial management law indicates a structured approach to financial governance that is essential for stability.

• 🗣️ International Dialogue as a Catalyst: The Baghdad International Dialogue serves as a crucial platform for fostering relationships among regional and global leaders. The participation of influential thinkers and decision-makers underscores Iraq’s strategic importance in the Middle East. Hosting such events not only enhances Iraq’s image but also encourages investment and cooperation from various countries.

• 🌟 Investment Climate in Iraq: The host highlights a shift in how foreign companies view Iraq, with Al Sudani promoting an investment-friendly environment. The emphasis on economic reform creates a foundation for sustainable growth, attracting interest from American businesses. The optimism surrounding Iraq’s economic potential is palpable, suggesting a readiness for international collaboration.

• 🏛️ Legislative Progress: The discussions about legislation, such as the intellectual property law, illustrate Iraq’s commitment to modernizing its legal framework to support economic activities. By incorporating such laws into educational curricula, Iraq aims to equip future generations with the knowledge necessary for engaging in a globalized economy, thereby fostering a culture of innovation and entrepreneurship.

• 🌐 Engagement with the United States: The video touches upon the evolving trade relations between Iraq and the United States, driven by mutual interests. The proposed “Made in America” exhibition reflects a strategic approach to deepen economic ties, presenting opportunities for American companies to showcase their products and services in Iraq .

• 🚀 Focus on Economic Growth Mechanisms: The host discusses the Central Bank of Iraq’s role in facilitating economic growth through international trade mechanisms. The transition to correspondent banking systems is a significant step towards modernizing Iraq’s financial infrastructure, which is crucial for supporting foreign investments and improving the overall economic landscape.

• 🔍 Anticipation of Future Developments: The discussion hints at ongoing negotiations that could lead to substantial changes in Iraq’s economic policies. The sense of anticipation regarding the forthcoming budget amendments and economic reforms indicates a broader strategy at play, aiming to position Iraq favorably in the global market.

Conclusion

In summary, the video presents a comprehensive overview of the current economic landscape in Iraq, offering insights into government reforms, international relations, and the potential for foreign investments. The host’s optimism reflects a broader narrative of growth and opportunity in Iraq, underpinned by strategic legislative changes and international dialogue. As the country continues to engage with global partners, particularly the United States, it appears poised for a transformative period that could redefine its place in the regional and global economy. The emphasis on education and legal reforms further indicates a long-term vision for sustainable economic development. This multifaceted approach not only enhances Iraq’s stability but also positions it as a key player in regional discussions, paving the way for a promising economic future.

JULIAN ASSANGE: Global Currency Reset: Zimbabwe Dollar, Iraqi Dinar, and Vietnamese Dong

Iraqi PM Al-Sudani oversees Iraq-UAE financial cooperation MoU, 28 JAN

 Iraqi PM Al-Sudani oversees Iraq-UAE financial cooperation MoU

Shafaq News/ On Monday, Iraqi Prime Minister Mohammed Shia al-Sudani met with Abdullah Salem Al-Nuaimi, CEO of Abu Dhabi Securities Exchange (ADX), to discuss avenues for cooperation in sharing expertise and enhancing private sector activities to foster economic growth.

According to a statement from al-Sudani's media office, the PM oversaw the signing ceremony of a Memorandum of Understanding (MoU) between the Iraq Securities Commission and the ADX. The agreement was signed by Faisal Wissam Al-Haimus, head of the Commission, on the Iraqi side, and Al-Nuaimi on the Emirati side. 

“This partnership reflects the Iraqi government’s commitment to advancing regional and international cooperation in financial and securities markets. It underscores Iraq’s focus on strengthening its financial sector, attracting foreign investments, and promoting economic integration with regional markets, particularly the UAE,” it explained. 

Al-Sudani highlighted the importance of this agreement in strengthening Iraq’s financial market, utilizing advanced technologies, and adopting global best practices to drive sustainable economic growth, reiterating “the government’s dedication to supporting initiatives that encourage foreign investments and bolster the private sector’s role in Iraq’s economic development.”

The MoU is reportedly expected to lay the foundation for further cooperation between Iraq and the UAE in financial services, offering a “robust framework” for mutual investments and knowledge exchange.

TIDBIT FROM FRANK26, 27 JAN

 Frank26  

 The new lower notes IMO will only work with a new exchange rate and not the 1310. 

 [The dinars] are the highest form of intel and highest form of security that there is on this planet Earth right now.  It [lower notes] is the  most highly guarded object and secret at this moment...

The CBI and Sudani cannot afford one small slip up, one tiny little leak,  even the color.  You don't want any information to be leaded out...even the shape of the new lower notes.  All this must be kept  tightly under wraps until the new exchange rate is finally released..

🚨 Breaking News: U.S. Greenlights Iraq's International Status! 💵

 

Iraq .. Discovery Of The Largest Oil Storage In The Center Of The Country With Two Billion Barrels, 27 JAN

 Iraq .. Discovery Of The Largest Oil Storage In The Center Of The Country With Two Billion Barrels

 
Economy    Iraq    Breaking    Oil  2025-01-20 Shafaq News/ The Central Oil Company, in cooperation with the Chinese company (EBS), announced the achievement of a major oil discovery in the southern East Baghdad field.  The general manager of the company, Eng. Mohamed Yassin Hassan, stated in a statement received by Shafaq News.  

The main exploratory well tests in the eastern Baghdad field have achieved great success, as a highly productive oil flow of medium and light oil was obtained.  It is expected to add more than two billion barrels to Iraq's oil reserves, making it the largest oil discovery in central Iraq.

The Director-General indicated that initial tests of the well showed a daily production rate of up to 5,000 barrels of crude oil. Yassin praised the fruitful cooperation between the Iraqi engineers at the Central Oil Company and their counterparts at the Chinese company EBS, which resulted in careful planning and strict implementation of well testing procedures in the areas located within the oil field.
 
This discovery acquires a strategic importance, as it is added to the oil balance of Iraq, which ranks fifth globally in confirmed reserves.
 
This achievement also comes to enhance the productive capabilities of Iraq, one of the founding and influential members of the Organization of Petroleum Exporting Countries (OPEC), which supports its pivotal role in the global energy market.  
  
https://shafaq.com/ar/اقتصـاد/العراق-اكتشاف-كبر-خزين-نفطي-في-وسط-البلاد-بملياري-برميل  

MAJEED UPDATE, 27 JAN

 MAJEED

The Kurdistan Regional Government (KRG) and the Iraqi Federal Government have agreed to amend the Federal Budget Law to allow the resumption of oil exports from the Kurdistan Region, halted since March 2023. 

According to Iraqi-Kurdish lawmaker Srwa Muhammed, the amendment requires the KRG to export its oil through the Iraqi State Organization for Marketing of Oil (SOMO), with revenues deposited into the Iraqi treasury. LFGGGG

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The Kurdistan Regional Government (KRG) and the Iraqi Federal Government have agreed to amend the Federal Budget Law to allow the resumption of oil exports from the Kurdistan Region, halted since March 2023. According to Iraqi-Kurdish lawmaker Srwa Muhammed, the amendment

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