Thursday, September 7, 2023
Confusion Surrounds The Railway Link With Iran.. What Is The Future Of Iraqi Ports?, 7 SEPT
Confusion Surrounds The Railway Link With Iran.. What Is The Future Of Iraqi Ports?
2023-09-06 Shafaq News/ The move of the Iraqi Prime Minister, Muhammad Shia'a al-Sudani, to lay the foundation stone for the first rail link project between Iraq and Iran, raised questions about the status of Iraqi ports after the completion of the project.
During the laying of the foundation stone for the railway link project between the Iranian region of Shalamja and the Iraqi city of Basra, last Saturday, (September 2, 2023), Al-Sudani spoke in the presence of the Iranian Vice President, Muhammad Mokhber, about the importance of the project in transporting travelers and visitors to the holy shrines from Iran and the countries of Central Asia, as well as On its importance in strengthening the infrastructure of the Iraqi economy.
Despite their agreement on the importance of the project and its impact on strengthening bilateral relations, the Iranian official said that it would lead to a "huge leap in trade exchange with Iraq," while the latter believes that its goal does not exceed the transportation of passengers between the two countries. In this context, the former Iraqi Minister of Transport, the current MP, Amer Abdul-Jabbar, considered the claim (the Iraqi side) a mere "lie" because the agreement to establish the line does not limit this goal, and because the axial load of the line's loads is about twice the axial load if the line was dedicated to transporting travelers only. Abdul-Jabbar added, in a video clip he posted on his official page on the "X" website (formerly Twitter) last Saturday, (September 2, 2023) that "laying the foundation stone while the citizens were preoccupied with the Arbaeen visit is intended," describing the railway link between Iraq and Iran as "a bullet of mercy." at the port of Al-Faw. An invitation to reveal the people Dr. Ghazi Al-Rubaie, a researcher and specialist in rivers, waters and international borders, points out that "the rail link, if it is for people, then this will not affect the ports of Iraq. However, the Iranian side mentioned that the project is linked to the Mediterranean Sea, and to the growth of trade with Iraq, and this is fatal to the ports of Iraq." Especially the large port of Faw, which has not yet been completed. During his speech to Shafaq News agency, Al-Rubaie calls on the Iraqi government to publish the agreement to clarify the goal of the project and reveal to the people. Project goals The railway link is "a national project that supports the Iraqi economy and the well-being of citizens and visitors by moving to the holy places in (Baghdad, Karbala, Samarra, and Najaf), away from public streets and roadblocks, and in order to preserve the lives lost as a result of traffic accidents," according to what the Prime Minister's advisor for transportation said. Dr. Nasser Saleh Al-Asadi. Regarding the impact of the railway link on the Iraqi ports, Al-Asadi confirms to Shafaq News agency, "The railway link now is for the transport of passengers only and not for commercial transportation, so it will not affect the Iraqi ports at all, because there are price policies that the competent authorities will set according to the nature of the use of the ports, whether they are land, air or sea.” He continued, "As for the ports of Faw and Umm Qasr, they are for commercial transport only, and not for transporting passengers, so there is a big difference in the process of using the two ports, and even if commercial transport takes place, the prices will not be the same as those in the ports, as the port privileges that the railway link will not be able to achieve." Therefore, this project is completely different from what is in the port of Faw. Project benefits The idea of working on the railway link project between Shalamcheh and Basra dates back to 2009, according to the head of the Transport and Communications Committee in the Iraqi parliament, Zahra al-Bajari, agreeing with what Nasser Saleh al-Asadi said that the project is “for the purpose of transporting passengers only and not for transporting goods, and it has no impact on the two ports of Faw.” And the mother of the palace of the marines who are specialized in transporting goods without passengers. Al-Bajari explained to Shafaq News agency, "The project has economic returns, as it will reduce the use of buses and at the same time transport huge numbers of passengers, so it will contribute to reducing congestion that occurs at the border crossings during religious visits, especially from Shalamcheh."
3 New Additions to the Zacks Rank Investors Cannot Miss, 7 SEPT
One of the simplest ways to find market beating stocks is to consult the Zacks Rank. Every day, Zacks proprietary research identifies new stocks with upward trending earnings revisions and delivers them to you. Upward trending earnings revisions is one of the most powerful investing edges in the market and investors would be wise to consult it before buying a stock.
ON Semiconductor (ON - Free Report) , nVent Electric (NVT - Free Report) , and Badger Meter (BMI - Free Report) are three top ranked stocks, with businesses that provide critical infrastructure for the modern world and have strong price momentum propelling them higher.
ON Semiconductor
ON Semiconductor is a global semiconductor company headquartered in Phoenix, Arizona, USA. The company was spun off from Motorola in Aug 1999 and went public through an IPO in May 2000. It specializes in designing and manufacturing a wide range of power management, sensor, and connectivity solutions for various industries, including automotive, industrial, consumer, and computing. ON Semiconductor's products include integrated circuits, discrete components, and semiconductor-based solutions that enable the efficient and reliable operation of electronic devices and systems.
More than ever, the automobiles we drive today are turning into computing and technology machines on wheels. Car producers are stuffing more automation, digital connectivity, and electrification into their vehicles year after year, and this is a welcome development for semiconductor makers like ON Semiconductor.
Moreover, the company is winning market share in the automotive segment thanks to its silicon carbide dominance as well as intelligent power and sensing solution.
Not surprisingly, these developments among others have analysts raising earnings estimates in unison, giving ON a Zacks Rank #1 (Strong Buy) rating. Current quarter earnings estimates have jumped by 12.5% and FY23 by 8.3% over the last two months. EPS are forecast to grow 7.5% annually over the next 3-5 years.
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ON Semiconductor is trading at a one year forward earnings multiple of 19x, which is in line with the industry average and above its 10-year median of 13x. However, it appears that the semiconductor industry is entering what may be an epic bullish cycle, so investors will likely be paying up for semi stocks in this environment.
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Badger Meter
Badger Meter is a prominent manufacturer specializing in flow measurement and control technology. Headquartered in Milwaukee, Wisconsin, USA, the company offers a diverse range of precision meters and flow instrumentation.
These products find application in various sectors, including water utilities, industrial processes, and commercial enterprises. Badger Meter's portfolio encompasses water meters, flow sensors, and accompanying software solutions, enabling precise measurement and management of liquid flows. With a history dating back to 1905, Badger Meter has solidified its position as a trusted provider of innovative and reliable flow measurement solutions worldwide. Investors keen on the stock market may find Badger Meter an intriguing company to watch.
Badger Meter’s performance is benefiting from robust demand across business segments and increased adoption of its differentiated smart water solution.
Over the past 25 years BMI stock has put up an incredible performance. Over that time it has compounded at an annual rate of 18%, double the annual return of the broad market, and significantly better than the industry.
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Badger Meter enjoys a Zacks Rank #1 (Strong Buy) rating, thanks to earnings estimates that are continuously creeping higher. Current quarter earnings estimates have been revised higher by 3% and are projected to grow 20% YoY to $0.74 per share. While FY23 estimates have increased by 5.2% and are expected to climb 26.5% YoY to $2.86 per share. Furthermore, sales are expected to grow 20% YoY and EPS are expected to grow 15% annually over the next 3-5 years.
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BMI, the steady stock it is, likes to build bases and break out over and over. Over the last two months the price has formed another consolidation to trade from. If the stock can clear the $169 level, it should initiate another move higher. Alternatively, if the stock loses support at $158, it may be worth waiting for another opportunity.
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nVent Electric
nVent Electric is a provider of electrical connection and protection solutions which design, manufacture, market, install and service that connect and protect equipment, buildings, and critical processes. The company's operating segments consists of Enclosures, Thermal Management and Electrical & Fastening Solutions. nVent Electric plc is based in London, the United Kingdom.
Along with its stock price NVT earnings estimates continue to charge higher. NVT stock has rallied nearly 50% YTD, while current quarter earnings estimates have been lifted by 1.4% and FY23 have been increased by 4.3%. Additionally, analysts expect sales to grow 14% this year and 9% next year.
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Even after such an incredible run up this year nVent Electric still trades at a relatively fair valuation. Today it is trading at a one year forward earnings multiple of 19.3x, which is well below the industry average of 27.8x, but above its five-year median of 15.2x. NVT stock sits just below its all-time high.
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Zacks Names #1 Semiconductor Stock
It's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom.
With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.
" RV UPDATE" BY MNT GOAT, 7 SEPT
Mnt Goat
I address this question to guru Kaperoni who still thinks Iraq has to grow their economy first to get the current TRUE VALUE of their currency reflected in their rate. SO grow it to what standard?
What is the benchmark when they would turn on their currency? Did they shut it off because of the war and so the war has been over for 20 years. Yes, that is Obama’s plan not Dr Shabibi and it is a bad plan and will not work. Iraq needs its currency to grow the country and it’s economy.
Iraq records the highest oil revenues since the start of 2023 which is also 2/3 more oil pumped than in 1991. The dinar rate in 1991 was over USD $3. So why is the currency still being under valued? Yes, it is important to get out of a “rentier economy” based solely on oil and this will also create yet more wealth. But what about right now...I am talking about today!Is The High Price Of Oil Will Reduce The Budget Deficit? Financial Oversight Explains, 7 SEPT
Is The High Price Of Oil Will Reduce The Budget Deficit? Financial Oversight Explains
Time: 09/07/2023 Read: 949 times {Economic: Al Furat News} The former director of the Office of Financial Supervision, Salah Nuri, said today, Thursday, that the benefit from the high oil price is to reduce the deficit and not resort to borrowing at a certain percentage contained in the budget law.
Nuri said to {Euphrates News} that “when the Ministry of Finance prepares the general budget in a conservative manner, that is, estimating the revenues on the basis of the price of selling oil at the lowest expected price, and with a deficit in the budget and remembering in the budget, if the selling price of oil increases, then the surplus is paid to reduce the deficit.”
And he continued, “The benefit from the rise in the oil price is to reduce the deficit and not resort to borrowing at a certain percentage contained in the budget law,” noting that “the percentage of budgets for the two years (2024-2025) there is no direct effect unless the rise continues when the aforementioned two years come.”
He pointed out that “the government must direct the increase in oil prices towards infrastructure projects, according to its priorities included in the budget.” From.. Raghad Dahham LINK
"RV UPDATE" BY FRANK26 & RAYREN98, 7 SEPT
Frank26
Question: "Will we have to pay any kind of tax after or during the exchanging of the dinar for American dollars?"
When you go to the bank and you present your dinar...don't leave your eyes off of them. You make sure that you see your account has been credited...At that point they are not going to say to you, 'Ok Mr Frank you have 1 million dinars you owe $300,000 in taxes.' A bank doesn't collect taxes.
If we had about a million Americans citizens all of a sudden came out millionaires instantly that would be a really good shot in the arm for America's structure wouldn't it? It would...They're not made to do that...They don't have the facilities to collect taxes from you as an individual... [NOTE: Consult your tax professionals so you pay the right amount of tax for your unique situation.]
RayRen98
[via Babysmom] ..."ONE OF MY BEST SOURCES TELLING ME, "IT IS GOING TO POP AT ANY MINUTE".... ONE OF MY OTHER BEST SOURCES IS ALSO TELLING ME, "IT SHOULD BE SOMETIME TODAY"
[via Babysmom] MEETINGS TOOK PLACE OVER THE WEEKEND, AGREEMENTS WERE MET, NEW DOCUMENTS NEEDED SIGNATURES. IT'S ALL A WRAP NOW.