Wednesday, March 19, 2025
What are the reasons for the increasing presence of Egyptian companies in Iraq?... Clarification from Al-Sudani's advisor, 20 MARCH
What are the reasons for the increasing presence of Egyptian companies in Iraq?... Clarification from Al-Sudani's advisor
On Tuesday, the Prime Minister's economic advisor, Mazhar Mohammed Salih, commented on the reasons for the recent increase in the presence of Egyptian companies in Iraq, stressing that the reason is due to the economic reforms and stability the country is witnessing.
Saleh said, "The capital wealth of countries is measured by several indicators, including the extent of physical capital accumulation, particularly in the construction sector." He noted that "Egypt is a leading country in this field, with its construction companies achieving significant success in development projects within Egypt, which has prompted them to expand their activities regionally."
He added, "The services program adopted by the Sudanese government as part of comprehensive economic reforms has contributed to creating an attractive investment environment for foreign companies, encouraging Egyptian companies to enter the Iraqi market strongly and contribute to development and reconstruction projects."
The economic advisor explained that "the political and economic stability in Iraq has boosted the confidence of foreign and Arab investors, including Egyptian companies, who have found promising opportunities to contribute to the implementation of major projects." He noted that "the strong historical relations between Iraq and Egypt have played a significant role in strengthening economic cooperation between the two countries."
Saleh pointed out that "the services government, headed by Al-Sudani, has placed economic facilitation and reforms at the top of its priorities, which has contributed to creating the appropriate environment for Egyptian companies to enter the Iraqi market and participate effectively in reconstruction and development projects."
On January 30, 2025, Iraqi Prime Minister Mohammed Shia Al-Sudani and his Egyptian counterpart, Mostafa Madbouly, sponsored the signing ceremony of a number of memoranda of understanding between the two countries.
The bilateral memoranda between Iraq and Egypt included 12 paragraphs, the most prominent of which were related to trade, transportation, issues related to culture and antiquities, and other details link
MNT GOAT: "IRAQ CONFRONTS ECONOMIC CRISES WITH THE "DIGITAL DINAR." THE PARALLEL MARKET IS THREATENED WITH "EXTINCTION.", 20 MARCH
With the participation of Iraq.. International Debt Management Conference Resumes in Geneva, 19 MARCH
With the participation of Iraq.. International Debt Management Conference Resumes in Geneva
Economy News — Follow-up
The 14th session of the International Conference on Debt Management, organized by the United Nations on Trade and Development (UNCTAD), held in Geneva from 17 to 19 March 2025, with the participation of Finance Minister Taif Sami, resumed.
The meetings included a number of important topics, most notably the axis (governance, accountability and transparency in the world of financial constraints), as well as the axis (the relationship between debt and climate: innovative debt tools for managing financial risks).
The meetings also included the theme (enhancing debt transparency: reconsidering reporting and ensuring standards) in addition to the axis (strategies for managing institutional challenges in order to establish a sustainable debt management office).
CLARE: “Iraq confronts economic crises with the digital dinar, 20 MARCH
Clare
Article:“Iraq confronts economic crises with the digital dinar. The parallel market is threatened with extinction.”
Quote:
“The Central Bank of Iraq is preparing to launch the digital dinar…It is similar in value to the traditional dinar, but is traded electronically via digital wallets or approved financial applications.
“Regarding the digital dinar’s relationship to exchange rates, Al-Sudani’s advisor explained that the official exchange rate will be the prevailing and sole rate, the digital exchange rate adopted by monetary policy.
Article:
“Iraq: Top 5 Arab economy in 2024″
Quote:
“Five Arab countries, including Iraq, accounted for 72% of the region’s GDP, which surpassed $3.6 trillion in 2024, according to a new report from the Arab Investment & Export Credit Guarantee Corporation (“Dhaman”) released on Sunday.”
Tuesday Evening News with MarkZ. 03/18/2025
Tuesday Evening News with MarkZ. 03/18/2025
Mar 18
Tuesday Evening News with MarkZ. 03/18/2025
Mark has been taken off youtube for a week. So try Rumble and Twitch this week to find him
The rolling chat does not work well on Rumble…so cannot easily post member questions or comments… Notes will be very short this week.
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: Many are still saying tonight into tomorrow for our announcements
MZ: How are the boards out there today? Are they mentioning all the jets in Reno? The jets in Columbia? The jets in Zurich?
Member: Hearing from Reno that there's no place to park your jet....
MZ: Are they mentioning rumors out of the Reno area…..that it was this afternoon ? My contacts there say it is really exciting and yes…there was a lot of traffic but, they were not hearing of a release this afternoon.
MZ: I can imagine the rumors are Coocoo crazy right now. I don’t know if this is our week…but sure looks like they are zoning in on it. I am hearing wonderful positive things…but have not heard it has started on the currency side yet.
MZ: I do have bond contacts that have gone completely quiet since yesterday afternoon. I take it a positive sign that they are not allowed to respond. I am going straight to voicemail.
Member: Wolvie said BONDS paying out
MZ: “ 145 billion barrels-Iraq will lead the world in oil reserves in 2025” More oil reserves than Kuwait or Saudi Arabia. This is huge.
MZ: “The budget law soon to go to parliament” They are saying its mere days. Another article says they are expecting the budget in parliament this weekend.
MZ: In this budget I was to expect the rates. I hope that turns out to be accurate.
MZ: “Banking operations across India to be disrupted for 4 days” they are shutting down the banking operations. They say it’s because of a banking strike. Is it that – or is it a reset? It certainly is a convenient time to make a change.
MZ: “UBS auditor warns over banks financial reporting controls” Will this trigger a possible bank run or collapse in Europe? I am surprised markets did not crash today over this kind of news.
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.
SAMSON: The central Bank of Iraq is preparing to launch the digital dinar, 19 MARCH
Samson
Article:“Iraq confronts economic crises with the digital dinar…The parallel market is threatened with extinction”
Quote:
“The central Bank of Iraq is preparing to launch the digital dinar, marking the transition to digital currency management”
Article:
“Rafidain Bank announces the collection of 6 trillion dinars electronically within one year.”
FRANK26: "LIKE WE SHARED THIS PIPELINE IS TESTED & READY TO GO.", 19 MARCH
KTFA
FRANK26: "LIKE WE SHARED THIS PIPELINE IS TESTED & READY TO GO."......F26
Baghdad pushes to resume Iraqi Kurdistan’s oil exports to Turkey’s Ceyhan
3/15/2025
Baghdad –
The Iraqi Prime Minister, Mohammed Shia Al-Sudani, confirmed on Monday that Baghdad is exerting efforts to restart oil shipments from Iraqi Kurdistan to the Turkish port of Ceyhan.
Al-Sudani’s remarks took place during his meeting with the Turkish Minister of Energy and Natural Resources, Alparslan Bayraktar, where he emphasized that the Iraqi government is eager to expand cooperative efforts with Turkish businesses across a range of industries, according to a statement released by the Prime Minister’s Office (PMO) .
Al-Sudani underlined the government’s desire to strengthen energy-related cooperation with Turkey, including expanding the supply of power through interconnection projects and diversifying energy sources.
The Iraqi prime minister indicated that negotiations are ongoing with foreign oil companies operating in the Kurdistan region of Iraq to resolve some technical issues related to the resumption of oil exports.
Bayraktar emphasized the significance of shipping oil from Basra through the Turkish port of Ceyhan and his country’s goal to boost collaboration with Iraq in a number of areas, such as refinery and petrochemical projects.
The Turkish minister also highlighted the significance of Iraq’s strategic project of the Development Road and the associated investment prospects.
In late February, Baghdad said that the State Organization for Marketing of Oil (SOMO) had finished the necessary steps to begin exporting oil produced in Iraqi Kurdistan through the Turkish port of Ceyhan.
The step followed a nearly two-year-long disagreement that disrupted the supply of over 300,000 barrels of Iraqi oil per day to international markets via Turkey.
FIREFLY UPDATE, 19 MARCH
Frank26 (KTFA)
[Iraq boots-on-the-ground report]FIREFLY: TV says within hours oil can flow [into Turkey]. Why you asking me?
FRANK: I didn’t know it was already flowing or tested flowing or is about to flow in a few hours or can flow in a few hours. Dear God because if the oil flows, the exchange rate flows IMO.
FIREFLY: My opinion is all related to the mechanism in this Article 12-2c. 12-2c will give us the new value…They are saying within hours oil can start…The budget table are coming. All is pointing to a Real Effective Exchange Rate IMO.
FRANK: I agree Article 12-c holds the key, which is the new exchange rate.
Iran stops the new exchange rate from coming out. It’s so obvious. It’s being protected, the exchange rate, from Iranian influence inside of Iraq’s parliament. Trump is going to stop an Iran Shadow Fleet in order for security and stability to increase inside of Iraq.
The budget for Iraq for 2025, ’26, ’27…1310 is not going to do it. It’s only logical. You’ve already seen the budget. You saw the whole breakdown. Were they teasing the citizens of Iraq? …Are they showing them something that is impossible to receive? Well it is at 1310, you agree don’t you? The whole world agrees, logic agrees, this budget is not for 1310…
FRANK26: "TRUMP, PANAMA CANAL - SUDANI, AL FAW GRAND PORT.", 19 MARCH
KTFA
FRANK26: "TRUMP, PANAMA CANAL - SUDANI, AL FAW GRAND PORT."......F26
Al-Faw Grand Port’s first phase to be completed by end of 2025
A container ship moored to a berth at the Al-Faw Grand Port, Photo: PMO
3/17/2025
Baghdad –
The Iraqi Minister of Transport, Razzaq Al-Saadawi, revealed that the first phase of the Al-Faw Grand Port will be completed by the end of 2025.
Expected to be the biggest seaport in the Middle East, Iraq’s Al-Faw Grand Port stands out due to its open-sea setting, which spans 54 square kilometers, according to Al-Saadawi.
The first phase of the project consists of five piers, which have been completely finished; a 62-kilometer road that connects the Al-Faw Grand Port to Umm Qasr port city; a 2,400-meter-long submerged tunnel; a ship canal; and a container yard, the Iraqi News Agency (INA) reported.
As part of a field tour conducted last November to review the progress made in major projects of the southern Iraqi port, the Iraqi Prime Minister, Mohammed Shia Al-Sudani, inaugurated the port’s first five container berths.
Al-Sudani reviewed the port’s major projects, including the container yard and the underwater tunnel, which is one of the important parts of Iraq’s Development Road.
The underwater tunnel being built under the Khor Al-Zubair Channel forms part of the new highway being built to link the Al-Faw Grand Port to Umm Qasr Port and the existing transport network, including Iraq’s Development Road.
The Al-Faw Grand Port is located on the Khor Abdallah Channel, near the mouth of Shatt Al-Arab.
According to Maritime Gateway News, the five container shipping berths, which have been constructed by Daewoo E&C, a company located in South Korea, can each hold ships up to 23,000 twenty-foot equivalent units (TEU).
With 100 berths and the capacity to handle 7.5 million TEU annually, the Al-Faw Grand Port is expected to surpass Dubai’s 67-berth Jebel Ali as the largest container port in the Middle East when finished in 2038.
Four million TEU of containers may be handled annually by the port’s first phase, which is anticipated to be finished in 2028.
By connecting the port city of Basra to Turkey via an overland route, the $7 billion logistics project will compete with Egypt’s Suez Canal and establish Basra as a gateway to Europe.
The lofty project, which aims to connect Asia and Europe through gas and oil pipelines, rail networks, and road networks, includes the 2.4-kilometer underwater tunnel as a key component.
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Sisi: Suez Canal revenue losses amounted to $800 million due to the situation in the region.
3/18/2025
Egyptian President Abdel Fattah el-Sisi said that the Suez Canal revenue losses amounted to $800 million due to the situation in the region.
El-Sisi pointed to the difficult circumstances facing the world and the Middle East, explaining that Egypt has managed to move forward with steady, measured steps despite the challenges it has faced over the past fifteen years, including the economic crises that have also affected the world. The country is incurring monthly losses estimated at approximately $800 million in Suez Canal revenue due to the situation in the region.
In contrast, Sisi affirmed that the Egyptian economy is witnessing positive indicators, pointing to the International Monetary Fund's recent approval of a new tranche of aid to Egypt. He also praised the role and cohesion of the Egyptian people and the strength of state institutions, particularly the armed forces and the civil police, as they represent the country's cornerstone in these exceptional times.
LINK
BRUCE HIGHLIGHTS, 19 MARCH
Tues. 18 March 2025 Bruce
- From today 18 Tues. March until 5 am on Thurs. 20 March we could get our appointments to exchange.
- Any time from Wed. 26 to Fri. 28 March the public should get access to the Med Beds
- If you have a dire need and/or are a Zim Holder you could get early access to the Med Beds at your Redemption Center exchange.
- Three different sources appeared to be in align with each other that we should be notified tomorrow Wed. 19 March, with the 800s coming from Wells Fargo and set our appointments for Thurs. 20 March.
- Most Redemption Centers will be going for two weeks.
Iraq to start operating TIR transit system next week, 26 MARCH
Iraq to start operating TIR transit system next week Baghdad ( IraqiNews.com ) – Iraq’s Border Ports Commission revealed on Monday that it...
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