Today.. Baghdad International Fair kicks off with the participation of 20 countries and 1000 companies
The 48th session of the Baghdad International Fair opens today, Saturday, with the participation of 20 countries and more than 1,000 local and international companies.
Minister of Trade Athir Dawood Al-Ghariri announced the completion of all preparations for the launch of the 48th session of the Baghdad International Fair.
Al-Ghariri stressed that "this edition will be distinguished by the diversity and size of the participation, as its activities will start today, Saturday, February 1, and will
continue until the 7th, under the patronage of Prime Minister Mohammed Shia Al-Sudani and under the slogan "Investment - Development - Prosperity", with the participation of 20 Arab and international countries and more than 1,000 local and international companies.
He pointed out that "the Baghdad International Fair represents a point of attraction and attraction for foreign investors," adding that "this year will be different from previous versions in terms of the diversity of economic, cultural, and artistic events." link
FIREFLY:Iraq parliament just said they are going pass the budget law amendments this coming Sunday...
FRANK: IMO it really looks like all the laws are about to be passed based on what you've been sending me. It really looks like the budget is about to be exposed, maybe Sunday. I don't know.
It really looks like the new exchange rate is about to be introduced...Sunday might be very explosive. We may need a few days after Sunday, I don't know.
Are The Large Cash Reserves Really Reassured Or Hide A Future Financial Crisis? Jan 30, 2025 Last update: Jan 30, 2025 Independent/- Despite the remarkable development in the monetary reserves of Iraq, where he ranked third in the Arab world for 2024 after Saudi Arabia and the UAE, the economic situation in the country is still marred by ambiguity and questions, which makes these numbers a source of controversy instead of pride.
A comfortable number ... but what next?
Some sources have announced that Iraq has cash reserves estimated at about $106.7 billion, which is considered greater than the size of the exported currency.
It is assumed that this is considered a "wall" wall in front of potential crises, and gives positive signals to foreign investors. But the real question is:
Do these reserves really represent a real "stability"?
Do these numbers reflect the reality of the Iraqi economy?
Despite these figures, the
Iraqi economy still depends excessively on oil as a major source of income, which exposes it to any fluctuations in global oil prices.
It is true that Iraq has good cash reserves compared to some Arab countries,
but most of its economic projects remain involved in unaccounted risks.
Can we really consider these reserves as an economic stability tool, while
debts are still ongoing, and non-oil resources are almost non-existent?
Is Iraq ready to deal with future crises?
Although some experts, such as Dr. Nabil Al -Marsoumi, consider that critical precautions are great enough to finance internal projects and protect the Iraqi dinar,
it is not possible to ignore the fact that cash reserves are not the only solution to crises. As Imad Al -Muhammadawi indicated,
diversity in income sources will be the main factor for real financial stability. Great allocations, where do you go?
With the allocation of 500 billion dinars for service effort projects, the most prominent question remains:
Will this money be optimized?
Iraq has beautiful numbers, but is this enough to stimulate sustainable development?
Or are these numbers only used in projects that are not concluded?
Controversy summary:
In the end, cash reserves remain mere numbers on paper unless they are translated into realistic economic policies that
diversify income, reduce dependence on oil, and contribute to achieving real development that touches the lives of citizens.
In this video, the speaker shares insights about recent developments in Iraq’s financial and economic landscape, emphasizing the significance of cross-border payments and reforms in enhancing the integrity of financial transactions.
The discussion highlights the partnership between the Institute for Financial Integrity and the National Bank of Iraq, which aims to improve compliance with international standards. The speaker also notes upcoming events such as the Baghdad International Fair, which will see the participation of numerous local and foreign companies, reflecting Iraq’s ambition to attract investment.
The video further touches on Iraq’s growing economic ties with Egypt, focusing on regulatory cooperation in financial markets. Overall, the speaker expresses optimism about Iraq’s current trajectory, particularly in terms of economic development and stability.
🌟 Financial Integrity Initiative: The Institute for Financial Integrity launches a training program for the National Bank of Iraq to enhance compliance with international payment standards.
🌍 Baghdad International Fair: The upcoming fair will host over 1,000 local and foreign companies, showcasing Iraq’s efforts to attract investment and boost its economy.
🤝 Iraq-Egypt Cooperation: A memorandum of understanding is signed between Iraq and Egypt to strengthen regulatory frameworks in financial markets and promote economic growth.
🚀 Economic Renaissance: The speaker describes Baghdad as experiencing an economic renaissance, with significant development and urban revitalization underway.
📅 Key Legislative Discussions: The parliament is set to vote on Article 122C of the general budget law, a significant step for Iraq’s budgetary process and economic management.
🎉 Cultural and Tourism Initiatives: Preparations are underway for the celebration of Baghdad as the capital of Arab tourism, reflecting a broader strategy to develop the tourism sector.
🔗 Regional Stability and Cooperation: The video emphasizes the importance of political and social stability in Iraq, with statements from key political figures highlighting the collaborative efforts for development.
Key Insights
📈 Investment in Compliance: The launch of the training program by the Institute for Financial Integrity is a crucial step for Iraq’s financial system. It represents a commitment to align with international standards, which is essential for attracting foreign investment. The focus on compliance not only enhances the reputation of Iraq’s financial institutions but also fosters trust both domestically and internationally.
🌐 Cross-Border Payment Reforms: The emphasis on cross-border payments indicates a broader strategy to integrate Iraq into the global financial system. This move is vital for the country’s economic future, as it allows for smoother international transactions, which can facilitate trade and investment. The partnership with K2 Integrity underscores the seriousness of these reforms.
📊 Economic Diversification: The upcoming Baghdad International Fair, with its participation from over 1,000 companies, signifies a shift towards economic diversification. Historically reliant on oil, Iraq is now actively seeking to bolster other sectors, including trade and tourism. This diversification is crucial for long-term economic resilience and growth.
🔍 Regulatory Framework Enhancements: The memorandum of understanding between Iraq’s Securities Commission and Egypt’s financial authority points to a concerted effort to enhance regulatory frameworks in both countries. This cooperation is essential for ensuring market stability and transparency, which are attractive features for investors.
🏛️ Political Stability as a Foundation for Growth: The remarks from Amar Hakim regarding Iraq’s new phase of stability are significant. Political cohesion is essential for the successful implementation of economic reforms and for creating an environment conducive to investment. Stability allows for long-term planning and the attraction of foreign businesses.
🎊 Cultural and Economic Synergy: The designation of Baghdad as the capital of Arab tourism showcases Iraq’s intent to leverage its rich cultural heritage as a driver of economic growth. This initiative can stimulate local economies, create jobs, and enhance international perceptions of Iraq as a tourist destination.
💡 Future Prospects and Optimism: The speaker’s personal reflections on the positive changes occurring in Iraq indicate a broader sentiment of optimism within the community. This positive outlook is vital, as it can foster a supportive environment for further reforms and investments. The call for unity and cooperation suggests that the Iraqi population is ready to embrace and support these developments.
In conclusion, the video encapsulates a moment of significant potential for Iraq, as it navigates through economic reforms and international partnerships aimed at fostering a more integrated and resilient financial landscape. The speaker’s insights underscore the importance of stability, compliance, and cooperation as pillars of growth in this evolving economic environment.
Economic 2025/01/30 Zaki Abdul Razzaq Between creativity and the strength of will, in light of the rapid development of technology and increased commercial competition, the need for innovation and development shows,
by adopting a different approach in work and production after the old curriculum was unable to provide solutions and be with different forms and forms as a new product or advanced technology services and technological processes.
Innovation then ... a mighty engine for economic growth.
In economics, there is a problem (scarcity),
but innovationviolates the rules ofscarcity as it gives the economy greater production in the same amount of resources available or less of them, and
this is thekeytosuccess and creative development that gives us a driving force towards great economic growth, and it returns with great benefits to society.
Within the framework of comprehensive development in the fields of manufacturing and services, the role of innovation is highlighted as a major and important key
in
reducing costs, increasing productivity and quality, reducing waste and enhancing the principle of competitiveness in the market, also
there is another role that includes engineering development and electronic applications in heavy industries, especially in smart manufacturing, clean energy and 3D printing techniques Outdated control and renewable energy in addition to data analysis to improve operations and make firm decisions.
The result here leads to better products and methods of production more effective as in the world of e-commerce, also adds a new value to the materials.
For example, computers chips produced from silicon and its source of sand as a result of innovation and development, and this is conclusive evidence that science and technology is indispensable.
All the benefits and importance offered must ask a question about the role of innovation and development in economic development in Iraq to remind our country must be within the global innovation index, and that
Iraq does not occupy an economical global center, and
everyone knows the capabilities of Iraq as it abounds with the natural resources and human resources that are A divine gift,
which is the focus of development and must be worked to remove Iraq from the economic recession.
It is time to look forward, the responsibility is great and important for all concerned.
It requires enhancing the integration between scientific and technological innovation and industrial innovation, and the government must give priority to innovation in its policy.
The enlightened government planning is decisive to achieve success.
The important thing is to increase investment in scientific research and innovation,
all of this in order to build competencies and capabilities in the industrial development sector that leads to promising industrial performance in order to compete globally,
in turn leads to increased income, creating functions and attracting foreign investments and achieving distinguished industrial performance,
the slogan (made in Iraq) must To possess real and high value by caring for and embracing innovation and providing training and rehabilitation. https://alsabaah.iq/109315-.html
Why is it Monday?
Why is the official announcement from a crypto exchange, will be announced on Monday?
There is something else going on with IQD on Monday Sounds like all will happen on Monday
LFGGG
Quote
Uphold
@UpholdInc
·
We know you've been HODLing on.
You just need to lock in a little longer for your reward.
Official announcement 2.3.25.
UN: It's time for all Iraqis to benefit from their country's wealth
1/31/2025 Baghdad -
The Special Representative of the Secretary-General of the United Nations in Iraq, Mohammed Al-Hassan, said on Friday that Iraq is approaching an important constitutional entitlement, which is the elections, expressing his confidence in the ability of the Iraqi people to exercise their constitutional right peacefully and responsibly, stressing that the time has come for all citizens of the country, regardless of their affiliations, to enjoy its benefits, far from sectarian and exclusionary projects.
Al-Hassan during a press conference at the Iraqi Jurisprudence Council in Al-A'dhamiyah, followed by 964 Network :
Our message at the United Nations is a clear message: stability and security in Iraq.
Iraq is for everyone and it is a homeland that embraces everyone.
The soil of Iraq rejects sectarian,
factional and exclusionary projects.
We at the United Nations believe that such sectarian and factional projects have no future in this country.
We have confidence in the awareness of the Iraqi citizen and his ability to distinguish between the good and the bad.
Today, the Iraqi citizen is yearning for more careful leaders, leaders whose concern is not to market political projects as much as it is to present projects that improve the living conditions of Iraqis in all governorates.
Projects that provide security and a decent life for all Iraqis.
The education, transportation, roads, health, electricity and other sectors need development.
The Iraqi citizen is looking forward to seeing tangible efforts in various sectors.
What we have seen in the past few years is something honorable and heartwarming.
Iraq is approaching an important constitutional entitlement, namely the elections, and we have confidence in the ability of the Iraqi people to distinguish and exercise their constitutional right peacefully and responsibly, by choosing the leaders in whom they see what fulfills their aspirations and hopes, far from sectarianism and far from exclusionary projects.
It is time for the people of this country, regardless of their affiliations, to all enjoy the blessings of this country.
The future of Iraq is a trust, sectarian projects and fear-mongering from the past and the future are over.
We wish this country all the best and prosperity and all that is good and beneficial for this country and the people of this ancient country. LINK
IRAQ—While we investors wait for the rate to change…
We might as well have some fun with these Iraq news articles wordings they LOVE to use that make us go-here we go again like…
“soon” next” delegation” meeting” technical issues” to be determined” next scheduled” “in the coming days” will agree” to complete” will be” to resolve” to hold” to continue” to discussed”
*What other words they love to use on us investors that I’m missing or you’ll can think of?
