Minister Of Transport: The Government Is Looking Forward To Creating Economic Integration With The Countries Of The Region
Money and business Economy News _ Baghdad Minister of Transport, Razak Muhibis Al-Saadawi, confirmed today, Tuesday, that the government is looking forward to finding economic integration with the countries of the region, noting that it is about to complete an important stage of the completion of the great port of Faw.
A statement by the ministry’s media office, received by “Al-Iqtisad News”, stated that “the Minister of Transport, Razzaq Muhibis Al-Saadawi, met with the CEO of the Saudi Ports Authority, Omar bin Talal Hariri, on the sidelines of the meetings of the Maritime Industry Sustainability Conference held in Jeddah.”
The statement added, “The meeting, which was attended by the Iraqi Ambassador to Saudi Arabia Safia Al-Suhail, the Undersecretary of the Ministry of Transport for Technical Affairs, Eng. Talib Baish, and the Director General of the Planning and Follow-up Department, Mr. Abbas Omran, reviewed the work of the ports between the two countries, where it was emphasized the need to exchange experiences in the field of automation and management and discussion Regarding the work of the Transport, Border Crossings and Ports Committee in the Iraqi-Saudi Coordination Council.
The Minister of Transport confirmed, “The Iraqi government is looking forward to finding economic integration with the countries of the region,” noting that “we are about to complete an important stage of the completion of the great port of Faw, which constitutes an important lung for the strategic development road project.”
He added, “The Iraqi government is keen to strengthen relations and joint work between the two countries,” noting that “the geographical location of both countries guarantees us the success of any joint investment projects.”
In turn, Omar bin Talal Hariri, CEO of the Saudi Ports Authority, said, “Ports play an important role in the growth of the economy and the achievement of strategic goals.” Bin Talal reviewed “the work and services of the Kingdom’s ports, and the authority’s regulatory and supervisory role in it,” expressing his readiness to “support and exchange experiences with Iraq”.
Judy Note:A test on this criminal Federal Reserve Emergency Management Agency’s new Emergency Action System (EAS) was scheduled forWed. 4 Oct. 2023.
Meanwhile the White Hats planned, through the new Star Link Satellite System, to turn on their own Emergency Transmission System and activate the Global gold/asset-backed Currency Reset, including implementing NESARA/GESARA.
Global Currency Reset:
Tues. 5 Sept. Bruce: A high ranking banking contact said that timing for Bond Holders was extended to Wed. 6 Sept. at 6pm. Tier 4b (us, the Internet Group) should get notified overnight tonight Tues. 5 Sept. or tomorrow around 8 am EST Wed. 6 Sept. Another contact said emails
should go out early morning Wed. 6 Sept. Appointments could possibly be made as early as Wed. 6 Sept. afternoon.
Tues. 5 Sept. MarkZ: “Rumors from groups was that funds start tomorrow (Wed. 6 Sept.) and would heavily roll out this week. I agree with Texas Snake in that rumor was that the upper level of the banking world was saying in the next 24-48 hours (from Sun. 3 Sept.).”
Judy Note: A clock reappearing on Telegram on Tues. 5 Sept. indicated that the End of the Deep State was scheduled for Wed. 6 Sept. 5:35 pm EST.
Mon. 4 Sept. TNT RayRen98: “Meetings took place over the weekend. Agreements were met. New docs needed signatures. It’s all a wrap now.”
After signing the NDA you cannot use the words RV, QFS, GCR, rates, exchange, redemption, currency, exchange rates, Zim, Dinar, Dong, etc, or any other terms related to this exchange-redemption event because your communication and posts will be monitored by NSA and other agencies.
Heads of 7200 redemption centers had a zoom call yesterday Mon. 4 Sept. from noon to 4 pm EST, and work went beyond that another 4 hours. The information from that call indicated that it could go at any time.
A high ranking banking contact said that timing for Bond Holders was extended to Wed. 6 Sept. at 6pm
Tier 4b (us, the Internet Group) should get notified overnight tonight Tues. 5 Sept.or tomorrow around 8 am EST Wed. 6 Sept.
Another contact said emails should go out early morning Wed. 6 Sept.
Final agreements were signed off on 2pm EST Tues. 5 Sept.
All US national debt was paid off over Labor Day weekend 1 Sept.
Appointments could be made as early as Wed. 6 Sept. afternoon.
The "shifting sands" define the features of the "profound" changes in the Greater Middle East
9/5/2023
The International Monetary Fund confirmed that the Greater Middle East, including in Iraq, which usually suffers from endless conflicts, is currently witnessing a profound shift in geopolitics, creating new possibilities for achieving prosperity, even despite the current international conflicts.
In an opinion article on the International Monetary Fund's website under the title "Quicksand", translated by Shafaq News Agency, he indicated that the Middle East is usually seen as an arena of endless conflict where regional players compete to achieve their supremacy, while young people struggle against authoritarian rule and faltering economies, but Despite the many challenges facing the region, from the Iranian nuclear program to the raging conflicts in the Palestinian territories, Iraq, Libya, Sudan, Syria and Yemen, recent developments indicate that the status of the Middle East in the world is undergoing a profound change.
The report was considered; There are "pivotal shifts in regional politics," referring in this context to the Abraham Accords between Israel and a group of Arab countries in 2020, and the recent rapprochement between Iran and Saudi Arabia, explaining that the most important motive for this change is the shift in the United States' view of the Middle East.
The report added that since the Iranian revolution in 1979, the United States has been considered the mainstay of the security structure in the region, referring to Washington's previous efforts to contain Iran first and then Iraq after the invasion of Kuwait, and to its focus after the September 11 attacks on "war Global on Terrorism” in the region, including the wars in Afghanistan and Iraq and the interventions in Libya and Syria.
He added that since reaching that peak in intervention and commitment, the United States has shifted its attention towards other global priorities, most notably managing China's rise.
He pointed out that Washington is no longer keen to get involved in the conflicts in the Middle East, as is evident to its friends and enemies in the region, adding that the US wars in Afghanistan, Iraq and Libya ended badly, just as the US influence in the conflicts in Syria and Yemen was limited, noting that Although Washington continues to seek to contain Iran, this is not for the purpose of direct confrontation.
According to the report, this means that the Middle East must envision its own security and manage it by itself to a greater extent. Therefore, in the absence of strict US security guarantees, regional powers consider it wise to mitigate threats and reduce tensions with their adversaries through diplomacy and greater economic engagement.
Therefore, the report says that this is what prompted Saudi Arabia and the UAE to reform their relations with Qatar and restore relations with Turkey and Iraq, and more recently with Iran and Syria, adding that, according to the same approach, the Abraham Accords were achieved and engagement between Israel and Saudi Arabia was strengthened, and while the Gulf monarchies invest in Israel, Iraq and Turkey Iran and Syria may come to these investments later.
Integration not confrontation
The report stated that the retreat of the walls of the chasm since the Arab Spring in 2011 and the Iranian nuclear agreement in 2015 will benefit the countries stuck in the middle, from Lebanon and Iraq in the Levant, to Qatar and the Sultanate of Oman in the Gulf.
He added that the promotion of trade and investment is another important result, as both Saudi Arabia and the UAE are investing in Turkey and Iraq, while the UAE's trade with Iran has increased over the past two years, and Saudi Arabia has indicated that it may invest in Iran if the two countries can normalize relations.
The report also pointed to the large investment in a trade corridor linking the Gulf to the Mediterranean, with roads and railways linking Oman with Saudi Arabia and then to Iraq, Jordan, Syria and Turkey, with side links with Iran and Israel.
He added that although the United States is not keen on including Iran in these projects, it supports broader communication between the Gulf, the Levant and India to limit China's role in the region and integrate the Gulf into its Asian strategy.
However, the report saw that as far as this vision may seem from realization, and that there are great obstacles in front of it, the most important of which is the fate of Syria, it confirms the extent to which the geostrategic reality in the region has reached, as the Middle East has come to imagine economic integration instead of confrontation. .
He pointed out that it was security concerns that constituted an obstacle to such a project, but it has become possible to think of a future that is not different from Southeast Asia at the present time, and to see economic integration as a solution to ongoing security concerns, adding that even the United States itself has become aware of the advantage. The strategy is to promote an economic vision for the region.
The report stated that the two most ambitious powers in the Middle East, Saudi Arabia and the UAE, aspire to be prominent players in the global economy, and for this they need security to build service industries, attract investment and play the role of the economic center of the region. The report called for taking into consideration that India today is the UAE's largest trading partner, while China and East Asia play an important role in this emerging economic vision. China is also Saudi Arabia's largest energy partner, and its investments in the Kingdom exceed those of all other countries.
In addition, China's economic relations with other Gulf countries, and with Iran, Iraq, Egypt and Pakistan, are also growing, and China has invested more than $56 billion in Pakistan as part of the "Belt and Road Initiative," and is negotiating similar investments in trade and infrastructure in Iran. The report indicated that for China, the Greater Middle East represents a very important part of its vision of Eurasia, which is the bloc that would link China's economy with Europe.
The report added that the Arabian Peninsula is of vital importance to East Asian trade with Africa and Europe, and Iran and Pakistan form two unique passages linking Europe on the one hand and the Arabian Sea on the other with China through Central Asia or by land to the Chinese region of Xinjiang.
The report stated that while the United States has turned its sights away from the Middle East towards Asia, China is now looking west towards the Middle East, adding that this coupling between the changing interests of the first great powers in the world represents the most important change in the geopolitics of the Middle East in decades. Referring to Beijing's role in normalizing relations between Iran and Saudi Arabia, and its contribution to creating an atmosphere of greater economic interdependence within the region.
According to the report, Russia's war in Ukraine reinforced this geostrategic shift, noting that Russia was already deeply involved in the Middle East through its intervention in the Syrian civil war and the oil production agreement with Saudi Arabia and OPEC. The report added that while the Ukrainian war reduced Russian interference in Syria, it deepened Moscow's relations with Tehran, more clearly in the military arena.
However, the report saw that Russian dependence on Iran reaches far beyond military supplies, as Russia is increasingly looking forward to a transit corridor that extends from the port of Astrakhan on the Caspian Sea, passing through Iran, to the port of Chabahar on the Arabian Sea, for trade with the world, adding that the growing Russian trade, Important to Iran's cash-strapped economy, it also linked Iran to port cities on the southern shores of the Gulf, which are part of Russia's emerging trade network.
new pipelines
The report considered that the same dynamic applies in North Africa and the Levant, but here it is driven by Europe's reaction to the Russian aggression, explaining that in light of reducing Europe's dependence on Russian oil and gas, it will certainly depend more on energy imports from North Africa and the East. The Middle East, the Caucasus, and Central Asia, which will have an impact on Algeria and Egypt, the gas producers in the region.
However, the broader effects of this on economic integration across the Mediterranean will be in favor of Morocco and Tunisia, which have been at the forefront of supply chains serving European economies.
He added that Turkey believes that the future will be through a transit center for energy pipelines coming from the south and east to Europe in the west, indicating that Saudi Arabia and Qatar are considering extending pipelines to transport their own oil and gas, in addition to Iraqi oil and gas, to this Turkish energy center. .
However, the report notes that these plans depend on resolving conflicts within and between these countries, considering that this is not impossible, and recalling in this context that Lebanon and Israel signed in November 2022 (with Hezbollah's approval) a historic agreement defining their borders at sea. Mediterranean, a necessary precursor to the development of their respective gas fields, noting that the United States helped negotiate this deal.
Reflecting these emerging trends, he said, Washington hopes to replace its old order in the region with one that connects India to the Gulf and Israel through a network of ports, roads and railways, an American vision aimed in part at containing Iran and China.
The report concluded by saying that to the extent that this vision depends on economic relations, it will also emphasize the new geopolitical reality in the region. He concluded by saying that, as has happened so often throughout history, the competition between the great powers will contribute to shaping the future of the Greater Middle East, but this time they are working to link these countries together economically instead of tearing them apart, which will open up new possibilities for Region. LINK
Iraq maintains its credit rating with a stable outlook
A recent report by Standard & Poor’s Credit Rating Agency (S&P) states that Iraq’s credit rating has been maintained at B- / B, with a stable outlook, highlighting its financial and economic stability.
The Iraqi Ministry of Finance approved a report and the results were distributed in a statement. The report stated that the new classification was a reflection of the Ministry’s continuous economic and financial reforms, as well as its efforts to maintain foreign currency reserves that exceed the external public debt. The statement also mentioned that the Ministry has been fulfilling its external financial obligations due to the stability of crude oil prices.
The statement explains that the report used several indicators to classify the situation. The most important of these indicators were the Iraqi parliament’s approval of the tripartite budget for the years 2023, 2024, and 2025. This budget aims to revive infrastructure projects and economic needs. Additionally, the formation of the government by the end of 2022 has led to a state of political stability.
The report stated that there is a prediction of a significant surplus in Iraq’s current account, which is in line with economic expectations. This surplus will further strengthen Iraq’s foreign currency reserves, which will enhance its ability to service its debt in the next 12 months.
The agency is predicting an annual economic growth rate of 2.6% for the years 2023-2026. This growth is expected to be driven by an increase in oil production and its positive impact on non-oil industries. Furthermore, it is expected that the annual inflation rate will decrease to 4% in July 2023, down from 5-6% during the years 2021 and 2022. This reduction can be attributed to the government’s measures to revalue the currency, control prices, and support food and energy prices.
The agency’s report suggested that Iraq’s credit rating could improve if the country experiences high economic growth, diversifies its public financial revenues from both oil and non-oil sources, increases the per capita share of national income, and consistently implements financial and economic policy reforms.
No, there is no RV as of yet. I can certainly tell you the CBI knows nothing about any recent plan to RV or conduct the project to delete the zeros. I know it’s not what we want to here at this point, but it is reality…sorry. Also remember that Obama’s plan for the redevelopment of Iraq, in part is very unfair to the Iraqi people, as they suffer with inflation due the dollar crisis and low Iraqi dinar rate. The Obama plan is a subjective one meaning who sets the criteria and what are the target dates? Obama is not out of office and so who is still following his outdated plan for Iraq? Why did Dr Shabibi want to reinstate the dinar way back on 2012-2013 and was abruptly stopped due to Nori al-Maliki’s corruption at the CBI? Iraq hadn’t developed their economy yet. You see, Dr Shabibi understood the importance of getting the currency reform completed as early as possible as we are now witnessing the hazards of waiting this long. How could he do it then and the CBI not now?
You get my point? So, anything is possible. Yes, the impossible could happen, but I doubt it until the corruption in the U.S. is cleaned up. What do our prophets say about this too.
So, all we can do now is watch for the economy to grow and the reconstruction to take place. The funding of the budget now is also key as I told you I believe that when they start dispensing the actual money, they will want the value of the dinar at the right value. We can also follow the prophetic word to see what God is doing to America and this gives us hope. We must persevere in our daily prayers and continue to fight. WE must pray for the Iraqi people. There are some really good words from prophet Hank Kunnerman today in this regard and I hope everyone will listen to what he has to say.
Some intel gurus want you to believe the “official” dinar rate is now set at 1130 and the CBI has not yet changed their site. This is not true, however I believe this is their next target rate and maybe the last rate change prior to moving ahead once again aggressively with the plan for the reinstatement. Seems this dollar issue has stalled their plan for now but they will overcome it as they always do but it takes time.
So, what is new in Iraqi news?
The news today is all about rebuilding Iraq and exploiting the areas of concern that have potential and could bring in huge amounts of revenue to the country. Such areas are the Customs and Tariffs and the Tourism industries. Prime Minister Muhammad Shia Al-Sudani sponsored, on Sunday, the signing of a pioneering agreement with the International Finance Corporation / IFC, to develop and rehabilitate Baghdad International Airport, where the Director General of the Civil Aviation Authority signed on the Iraqi side. They will need these airports to bring in the tourists. I already showed you some of the significant tourist attractions and museums. But I only touched the surface. Iraq is an amazing country. Thre is so much more.
The researcher in economic affairs, Hashem Al-Baydani, confirmed, on Friday, that the unemployment rate will be significantly reduced in the event of proper planning for development path projects, pointing out that the revenues of this path can reduce dependence on oil as a source of financing the budget.
