Saturday, May 17, 2025
Arab Summit: Iraq Returns to Leadership Role, Baghdad Transforms into Influential Regional Player
Arab Summit: Iraq Returns to Leadership Role, Baghdad Transforms into Influential Regional Player
Political researcher Abbas Ghadir said on Thursday (May 15, 2025) that holding the Arab League meeting in Baghdad will make Iraq an influential regional player.
Ghadir told Baghdad Today, "The Baghdad summit will make Iraq an influential regional player, especially since the summit will issue important decisions regarding the political and security changes and challenges facing the region at various levels. This summit will make Baghdad a major player in confronting crises and challenges and an effective player in finding diplomatic solutions."
He added, "Holding the Baghdad summit with a large Arab presence confirms that Iraq has been able to regain its leadership and pivotal role in the region, especially after the government worked to distance Iraq from the cycle of war, adopted a policy of balance, and refused to be part of any regional or international axes throughout previous dangerous crises."
Today, Wednesday (May 14, 2025), Foreign Minister Fuad Hussein announced the details of the Arab Summit to be held in Baghdad next Saturday.
At a press conference on the Arab Summit in Baghdad, attended by a Baghdad Today correspondent, Hussein said, "The preparatory committee for the Arab Summit in Baghdad has accomplished significant work," noting that "the participation of leaders and officials in these exceptional circumstances confirms their desire to unify the Arab position."
He added, "Twenty Arab organizations are participating in this summit, in addition to international organizations, including the Secretary-General of the United Nations, the Secretary-General of the Organization of Islamic Cooperation, and the guest of honor, the Prime Minister of Spain."
Hussein continued, "Iraq granted 1,000 entry visas to summit attendees, and there are approximately 300 journalists from Iraqi institutions and 200 from the international press," noting that "16 meetings of the Arab Summit's Supreme Administrative Committee were held in Baghdad."
He stressed that "Iraq is proud to have hosted three summits: the Arab League Council, the fifth session of the Development Summit, and the leaders' summit between Iraq, Egypt, and Jordan," emphasizing that "Iraq is now the chair of the 77th Summit and China."
He explained that "the Arab League Council meeting at the ministerial level will submit its decisions to the summit," explaining that "on the day of the summit, there will be two morning sessions, one at the summit level and the other the fifth development summit. The two summits will issue the Baghdad Declaration, including an immediate halt to the events in Gaza."
Hussein pointed out that "the sister Arab countries presented their visions on the items up for discussion during the summit," adding that "it is hoped that political initiatives will be put forward to establish an Arab center for combating terrorism, organized crime, drugs, and reconstruction."
Regarding Trump's decision, Hussein said, "The announcement of lifting sanctions on the Syrian people is an important step, and what is happening in Riyadh and what will happen in Baghdad is an integrative phase." He emphasized that "there will be decisions regarding the Syrian situation and the situation of Arab countries in general."
Regarding the PKK's decision, Hussein explained, "We are pleased with the PKK's decision to lay down its arms," indicating that "there will be cooperation between Baghdad and Ankara to address the PKK's decision link
TIDBIT FROM SANDY INGRAM
Sandy Ingram
Looking again, the potential for the Vietnamese dong to appreciate against the United States dollar will largely depend on global monetary policies and Vietnam's ability to maintain macroeconomic stability.
If the Federal Reserve implements interest rate cuts and global demand for Vietnamese exports strengthens, the dong may experience upward pressure.
On the other hand the continued strength of the United States dollar and ongoing trade challenges could limit the dong's appreciation in the near term.
Ashur Bank joins Iraq Britain Business Council
Ashur Bank joins Iraq Britain Business Council
Ashur International Bank has joined the Iraq Britain Business Council (IBBC).
According to a statement from the IBBC, the move follows a long relationship between the Council and the bank's CEO, Mohammed Al-Delaimy.
It says the bank, established in 2005 is one of the leading private banks in Iraq, offering comprehensive banking services to individuals and businesses, with a strong focus on digital innovation, financial inclusion, and developing financial products tailored to the evolving needs of the Iraqi market. link
TIDBIT FROM NADER FROM MID EAST: Wednesday it's at .0014 THE RATE OF THE #iraqidinar
Nader From The Mid East
I was checking on Forex and I saw something good.
It happened last year and it happened in this year too...
Last year happened a lot, last year it got to .00076 or something. Wednesday it's at .0014..
The Baghdad Summit And Support For Transportation And Logistics Projects Are A Strategic Pillar For Diversifying The National Economy
The Baghdad Summit And Support For Transportation And Logistics Projects Are A Strategic Pillar For Diversifying The National Economy
Dr. Haitham Hamid Mutlaq Al-Mansour Economy News – Baghdad The Baghdad Summit, which began on Tuesday, May 13, has been hosting a ministerial-level meeting of the Economic and Social Council, which included important meetings on enhancing regional cooperation on transportation and logistics projects between the region's countries.
These topics played a significant role in these meetings, given their importance in stimulating economic growth and connecting regional markets. How can the summit support these projects? What are the expected prospects for this sector?
The government's interest in transportation and logistics projects was a national and regional economic priority at the Baghdad 2025 Summit, through planning major strategic projects aimed at transforming Iraq into a regional transportation and trade hub, by linking southern Iraq to the Turkish border in the north, and Jordan and the Mediterranean Sea in the west, thus enhancing Iraq's role as a major economic hub in the region.
Therefore, we find that the government is working to strengthen Iraq's economic position by developing trade relations with Arab countries, re-evaluating previous agreements, and implementing strategic projects aimed at diversifying the economy and reducing dependence on oil. This is due to the advantages and gains it offers in the following areas:
Iraq's strategic location: Iraq serves as a land bridge connecting the Arabian Gulf to Turkey and Europe, and Asia to the Arab world, making it a key logistics hub.
The goal is to promote intra-regional trade and facilitate the movement of goods between participating countries (Jordan, Saudi Arabia, Iran, Turkey, and others), reducing costs and increasing the speed and volume of trade.
Diversifying the Iraqi economy: As an alternative to its total dependence on oil, Iraq could become a regional logistics hub, providing job opportunities and supporting other sectors such as industry and warehousing.
The most prominent proposed transport and logistics projects:
A. Land and railway connectivity projects
- The Iraqi Development Corridor: Linking the Grand Faw Port in southern Iraq to Turkey via a railway and highway network, facilitating the transport of goods between the Gulf and Europe.
- The Iraqi-Jordanian railway line: to enhance trade exchange with Jordan and its outlet to the Mediterranean.
- A project to link Gulf ports to Turkey via Iraq: In cooperation with countries such as Kuwait and Saudi Arabia, this project aims to create an alternative trade route to congested sea lanes.
b. Development of ports and airports
- Al Faw Grand Port: One of the largest logistics projects in the region, it could become a competitor to Dubai Ports and Jebel Ali Ports if completed.
- Modernizing Baghdad, Najaf, and Basra airports to increase their capacity to handle air cargo and enhance transit, as well as establishing new airports.
C. Free logistics zones
Establishing warehousing and logistics distribution areas in cities such as Basra and Najaf to facilitate re-exports and reduce shipping costs.
But the important question remains: How can the summit support these projects? Support is provided through:
Concluding land and air transport agreements between Iraq and neighboring countries to facilitate the movement of goods and trucks.
Attracting investments from the Gulf states, Turkey, and China to finance infrastructure.
Establish a regional logistics authority to coordinate transport policies and unify customs standards.
Involving the private sector in the management and operation of logistics projects to ensure efficiency.
Among the most important challenges and obstacles that may face the process of supporting these projects, which are expected to reveal Iraq’s capabilities in developing this category of strategic projects, are:
The weakness of Iraq's current road and railway infrastructure.
Bureaucracy and corruption hinder the implementation of major projects.
Therefore, the multiplicity of economic impact expected from these investments is of great importance on the level of the Iraqi and regional economy, which appears to us as follows:
A. At the level of the Iraqi economy:
Boosting GDP: The International Monetary Fund estimates that investing $10 billion in infrastructure could boost Iraq's economic growth by 2.5% annually.
Job Creation: Transport and logistics projects could create 500,000 direct and indirect job opportunities by 2030.
Diversifying revenues: Currently, 90% of Iraq's revenues come from oil, but the transportation sector could add $5-7 billion annually by 2030.
Reducing the trade deficit: Transportation costs for the trade sector are expected to decline with improved infrastructure, which will provide an incentive to develop export industries that will reduce the $30 billion annual trade deficit between Iraq and its neighbors (Turkey, Iran, and Jordan).
B. At the level of regional trade and international investment:
Reducing shipping costs: The Gulf-Türkiye route via Iraq may reduce shipping time from 20 days (by sea around the Arabs) to 48 hours (by land).
Positive impact on foreign investment flows. With improved infrastructure, the region could attract investments from Turkey, other Arab countries, China (under the Belt and Road Initiative), the Gulf (particularly in energy and logistics), and European companies seeking new markets.
Therefore, the Baghdad Development Summit represents a very opportune opportunity to stimulate the growth and diversification of the national economy, as well as to revitalize Iraq's strategic role in regional cooperation in the field of transportation and logistics.
Iraq is on the cusp of a major economic transformation, transforming it into a trade hub between Asia and Europe and supporting its economy with non-oil revenues.
This requires effective policies to prepare and rehabilitate relevant sectors and establish strategic partnerships with neighboring countries and international investors. https://economy-news.net/content.php?id=55515
EXCERPTS FROM MARKZ: I continue to hear about $1.47 US
EXCERPTS FROM MARKZ
MZ: No fresh bond updates since last night. But it is reassuring seeing many different bond holders saying they have now finished their final paperwork and initiated payments. Now we have to see how many start receiving it.
Member: my platform saying triggers to be paid today, i hope they are right. could this mean we reached that 30%?
Member: Mike Bara said things will start at any time now.
Member: I hear different exchange rates are coming up on the forex- Rumor?
Member: Any new rates for the Indonesian Rupiah?
MZ: I continue to hear about $1.47 US. I have been hearing that for a long time now, but we won’t know for certain until we get there.
Member: Nader posted the Dinar jumped to 0.0014 briefly.
MZ: Its moving in the right direction
Expert: Central Bank Reserves Declined By More Than 12% In Three Years
Expert: Central Bank Reserves Declined By More Than 12% In Three Years
economy | 11:23 - 05/16/2025 Mawazine News - Baghdad - Economic affairs expert, Manar Al-Obaidi, confirmed today, Friday, that the Central Bank of Iraq's reserves witnessed a significant decline of more than 12% from the end of 2022 until March 2025.
Al-Obaidi said, in a statement received by Mawazine News, that "reserves declined by more than 20 trillion Iraqi dinars in a period of only 15 months, at a rate of 1.3 trillion dinars per month, equivalent to one billion dollars."
He added, "This decline cannot be read in isolation from the continuous rise in the import bill, which has begun to drain the state's hard currency resources on a daily basis."
Al-Obaidi pointed out that "this decline is due to Iraq's almost total dependence on foreign exchange to meet its consumer and production needs, in light of the absence of efficient local alternatives, the weakness of the industrial and agricultural sectors, and the continued operation of the currency window mechanism in its current form." https://www.mawazin.net/Details.aspx?jimare=261491
“Hearing $1.47” – Coffee with MarkZ and Mr. Cottrell Intel Stream Highlights 5-16-25
Coffee with MarkZ and Mr. Cottrell. 05/16/2025
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- Let’s get this RV weekend started
Member: Good morning Patriots and Dinarians.
Member: Just a thought: Tomorrows the 17th maybe we will get our notifications, but can’t go to the bank /redemption centers until Monday??
Member: did the dinar come off the exotic currency list on the 15th?
MZ: Not that I know of- but we did see a lot of rates populating yesterday ….it was a very interesting day.
MZ: No fresh bond updates since last night. But it is reassuring seeing many different bond holders saying they have now finished their final paperwork and initiated payments. Now we have to see how many start receiving it.
Member: my platform saying triggers to be paid today, i hope they are right. could this mean we reached that 30%?
Member: Mike Bara said things will start at any time now.
Member: I hear different exchange rates are coming up on the forex- Rumor?
Member: Any new rates for the Indonesian Rupiah?
MZ: I continue to hear about $1.47 US. I have been hearing that for a long time now, but we won’t know for certain until we get there.
Member: Nader posted the Dinar jumped to 0.0014 briefly.
MZ: Its moving in the right direction
Member: Iraq will look like the poor relation going to the summit with a 1310 rate on dinar. do you think that’s what Iraq wants to look poor tomorrow?
Member: At this point I would be thrilled with a 1 to 1 rate
Member: imagine how much easier it would be for Iraq to purchase the 3 zero notes off the streets with a 3 dollar to 1 dinar exchange rate
Member: Trump is on his way home to see his newborn granddaughter. So will not be attending the Arab Summit in person. Maybe via a zoom call or something?????
MZ: “Baghdad summit and support for transportation and logistics projects is a strategic pillar for diversifying the national economy.” A neat article talking about all the investments going on in Iraq and Iraq working on prosperity for its citizens. This is not a country who will keep sitting around with a 1320 value on their currency.
MZ: “Rolls Royce offers a dealership in Iraq” first one in over 120 years there. It will be in the Erbil region. I think this is telling us they are expecting a lot of very wealthy people soon in the area.
Member: I think the Iran deal is the key to this rv going.
MZ: You could be right.
MZ: “Scientists discover $1,500,000,000,000 trillion in white gold in Oregan that could transform the car industry” This is lithium. Every time we turn around there is another discovery.
Member: WOW, everyday it’s another place finding gold , lithium, everything all at once !!!
Member: I just got off the phone with a JP Morgan wealth advisor got an email to come in for a consultation. told them what I would be talking about
MZ: It seems the World Economic forum are pursuing Christine Lagarde to lead them since the departure of Klaus Swab.
Member: If the WEF was to be abolished, would anyone miss this organization? What good does the WEF do to support the world in a good way? I see no use for them.
Member: Praying this upcoming week is looking good for the RV
Member: Huge July 4th celebrations coming for the US 250 birthday. I would hope we all have exchanged by then.
Mod: Mark’s next travel schedule. He leaves on May 17th (which is Mark’s dad 80th B-Day) and comes back on May 21st. Zester will host the podcast when Mark is gone. Mark will pop in when he can.
Member: If the RV goes off while Mark is on vacation, hopefully he has a pre-recorded with his golden suit on
Member: Thanks Mark and Mr. C….everyone have a wonderful weekend. Safe travels Mark and enjoy your vacation Mark.
Mr. Cottrell joins the stream today. Please listen to the replay for his information and opinions.
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
Within Five Years, Iraq Will Achieve Self-Sufficiency In 20 Agricultural Crops
Within Five Years, Iraq Will Achieve Self-Sufficiency In 20 Agricultural Crops.
May 15, 18:11 Information/Baghdad.. The Parliamentary Agriculture and Water Committee confirmed on Thursday that Iraq has achieved self-sufficiency in 18 to 20 agricultural crops over the past five years, despite environmental and climatic challenges.
Committee member MP Thaer al-Jubouri told Al-Maalouma, "The agricultural sector, despite the difficulties of drought, climate change, and setbacks it has experienced over the past years, has witnessed remarkable activity, represented by reaching the stage of self-sufficiency in approximately 18 to 20 crops, including vegetables and fruits."
He emphasized that "the agricultural sector has succeeded in securing the needs of the Iraqi markets at very reasonable prices." Al-Jubouri added,
"One of the important positives in the agricultural sector is the transition to modern irrigation technologies and changing farming patterns, while striving to cultivate new crops with the aim of achieving diversity and increasing revenues."
He pointed out that "there are serious efforts to open up export opportunities for crops,
especially during peak production, to achieve higher revenue rates, given the growing demand for Iraqi fruits and vegetables in neighboring and other markets."
Al-Jubouri pointed out that "the emergence of modern farms and their use of advanced technologies will enhance economic viability and ensure higher production levels to directly cover markets."
It's worth noting that Iraq possesses millions of acres of fertile land that produces a variety of vegetables and fruits, enhancing its ability to directly establish the concept of food security. End 25F.
https://almaalomah.me/news/98817/economy/خلال-5-سنوات-العراق-يحقق-الاكتفاء-الذاتي-من-20-محصولا-زراعيا
JON DOWLING UPDATE
Jon Dowling
Iraq and Sudani aren’t just hosting the summit, they’re leading it! And on Saturday the 17th, no less. No coincidences.
President Trump is slated to make a surprise visit, either in person or on a teleconference. Notice he didn’t say where he was headed to this weekend specifically. The release of sanctions off of Syria is huge!!
Iran should be next. That’s the turning point for Iraq and the reset in general. As all the economic sanctions are removed, there’s your cue for the RV.
UAE met with Ripple this week as well, so they’re all in on XRP. Notice everything’s being cued up for Memorial Day weekend into Monday. They have this timed effect.
Derek Johnson mentioned that President Trump said Memorial Day was the first marker date leading into July 4th of next year. There’s your jubilee window right there.👀🙏🙏🙏
FRANK26: "BAGHDAD NEEDS SECURITY & STABILITY FOR A NEW EXCHANGE RATE... NOTICE WHERE THIS MEETING IS BEING HELD !!!"
KTFA
FRANK26: "BAGHDAD NEEDS SECURITY & STABILITY FOR A NEW EXCHANGE RATE... NOTICE WHERE THIS MEETING IS BEING HELD !!!"......F26
Sudani: Baghdad Will Host U.S.-Iran Nuclear Talks Amid Regional Tensions
5/15/2025
By Ahora Qadi
ERBIL–
Iraqi Prime Minister Mohammed Shia al-Sudani confirmed on Thursday that Baghdad will host new rounds of indirect talks between the United States and Iran, as part of Iraq’s ongoing mediation efforts to de-escalate tensions over Tehran’s nuclear dossier and regional conflicts.
Speaking to Sky News Arabia, Sudani stated that Iraq is closely monitoring the outcomes of U.S. President Donald Trump’s recent visit to Saudi Arabia, particularly his meetings with the Saudi Crown Prince and the Gulf Cooperation Council. “We hope Trump’s trip will help restore regional stability, especially with regard to the protracted conflicts in Gaza, Lebanon, Syria, and Yemen,” he said.
Iraq’s Role as Regional Mediator
Prime Minister Sudani reaffirmed Baghdad’s commitment to supporting any regional initiative that prioritizes dialogue and peace. “We believe in diplomacy as the optimal path for resolving Middle East crises, especially the Palestinian question,” he said. “Without acknowledging the legitimate rights of the Palestinian people to establish an independent state with Jerusalem as its capital, no sustainable solution can be achieved, and the cycle of violence will persist.”
Sudani revealed that Baghdad is currently preparing to host dialogue sessions between the United States and Iran to revive negotiations over the Iranian nuclear file. “Dialogue remains the best method to prevent escalation and foster regional stability,” he emphasized, adding that Iraq maintains balanced relations with both Washington and Tehran.
A Platform for Peace, Not Confrontation
According to Sudani, Iraq’s mediation is grounded in its strategic neutrality and desire to prevent confrontation. “Failure to reach a nuclear agreement would only heighten tensions and lead to consequences that would affect all states in the region,” he warned. “There is no viable alternative to diplomacy.”
He also noted that the Iraqi government has officially begun preparations to facilitate the upcoming round of indirect negotiations in Baghdad, expressing hope that both parties would engage constructively.
Arab Summit and U.S. Outreach
Addressing whether Trump’s regional tour could impact the upcoming Arab Summit set to be held in Baghdad, Sudani acknowledged that “there might be some influence on certain regional issues,” and indicated that Iraq is closely following the pre-summit developments.
“Baghdad remains open to any initiative rooted in peace,” Sudani concluded, signaling Iraq’s readiness to facilitate talks that could pave the way for long-term regional détente.
LINK
FRANK26: The CBI is going to have private banks all over the world!!!
Frank26
Question: "We have talked to banks in Australia and they said, 'We don't exchange dinars.'
I pray before the exchange rate goes that we will have a bank story in Australia. Do you think that's possible?"
Frank: I would not worry...The CBI is going to have private banks all over the world. Australia will have them too. The other thing you can do is just come to America.
'Oh, yeah Frank but I don't think I can carry that on an airplane.' In a Learjet. You can a afford it.
FRANK26: "A NEW EXCHANGE RATE???"
KTFA
FRANK26: "A NEW EXCHANGE RATE???"......F26
Al-Sudani: Trump's visit to Saudi Arabia may affect some issues at the Baghdad Summit.
5/15/2025
Iraqi Prime Minister Mohammed Shia al-Sudani confirmed on Thursday that Iraq is following US President Donald Trump's visit to the Kingdom of Saudi Arabia, including the bilateral meetings and meetings with the Gulf Cooperation Council. He stressed the importance of this visit under the current circumstances.
In an interview with Sky News Arabia, followed by Shafaq News Agency, Al-Sudani said, "The outcomes of this visit are important, and we hope it will contribute to restoring stability to tense regions, especially regarding the ongoing war and aggression against Gaza and Lebanon, as well as the attacks on Syria and Yemen."
Regarding whether the US President's visit might impact the upcoming Arab Summit in Baghdad, Al-Sudani noted, "It is possible that it will have an impact on some issues, and we are following its developments."
The Iraqi Prime Minister stressed that "Iraq finds itself with any path that believes in dialogue and peace in the region, and with a solution to the issue that represents the root of the problem in the Middle East, namely the Palestinian issue." He asserted that "without recognizing the right of the Palestinian people to establish their independent state with Jerusalem as its capital, there will be no fundamental solution, and tensions and violations will continue."
Al-Sudani added, "Iraq believes that development is the key to security, and it creates opportunities that qualify the countries of the region and its surroundings for economic cooperation and trade exchange." He noted that "integration is better than competition and is a fundamental basis for mutual interests."
He pointed out that "the region represents the lungs of the world in the field of energy, and there are promising projects for economic integration, foremost among which is the "Development Road" project, a strategic economic corridor proposed by Iraq."
Al-Sudani explained that "there is clear Iranian interest in the project, and a belief that it complements projects that cross Iranian territory, such as the North-South Project and the Belt and Road Initiative that extends to Africa," stressing that "regional connectivity and similarity between projects is important and beneficial for all countries in the region, especially Iraq and Saudi Arabia."
Regarding the US-Iran negotiations, the Iraqi Prime Minister revealed that Baghdad will host negotiating sessions between the United States and the Islamic Republic of Iran, as part of Iraq's ongoing efforts to revive dialogue on the Iranian nuclear issue. He emphasized that negotiation is the best way to prevent escalation and ensure regional stability.
Al-Sudani said that Iraq, given its good relations with both the United States and Iran, has consistently pushed for dialogue and negotiation, stressing that the government has already taken the initiative to organize meetings between the two parties in the capital, Baghdad.
He added that reaching an agreement on the nuclear issue would end the escalation and contribute to regional stability. He warned, however, that the absence of an agreement would lead to a confrontation in a sensitive region already suffering from chronic crises, which would negatively impact the stability of all countries in the region, with no real winners in the confrontation.
Regarding Iraq's balanced relations with both Washington and Tehran, Al-Sudani emphasized that this policy stems from a new vision based on openness with everyone based on common interests and non-interference in the internal affairs of other countries. He pointed out that Iraq has interests and connections with both Iran - which he described as a neighboring country that supported Iraq at various stages of its modern history - and the United States, which contributed to the process of change in 2003 and supported the war against ISIS. He also noted the Strategic Framework Agreement, which covers multiple areas beyond security to include the economy, science, technology, trade, and combating climate change.
Al-Sudani explained that this unique feature gives Iraq a unique advantage among the countries of the region, as it can play the role of an honest mediator between conflicting countries.
He said, "The most important role any country can play is Iraq's as an honest mediator between conflicting countries that have problems or differing views. We have good relations, and we believe in non-interference in internal affairs and respect for the sovereignty of states. These principles qualify us to play this role."
The Prime Minister stressed that Iraq views mediation to resolve regional disputes as a duty, not an option, adding, "It is not right to watch problems escalate, opening the door to foreign intervention outside the Arab world."
LINK
GOLDILOCKS: Banks Ready for Upcoming Currency Swaps – All Tests Finished @DINARREVALUATION #Iraq
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