URGENT IRAQ News Coming Out of Washington DC BY SANDY INGRAM

Kurdistan’s president emphasizes the importance of implementing a federal system for Iraq's stability, 10 OCT

 Kurdistan’s president emphasizes the importance of implementing a federal system for Iraq's stability, 10 OCT

Shafaq News/ Nechirvan Barzani, the President of the Kurdistan Region, met on Monday with the new German Ambassador to Iraq and her accompanied delegation, which included diplomats and military personnel. 

During the meeting, Barzani congratulated the new German Ambassador on her appointment and wished her success in her new role. Both sides expressed their satisfaction with the current level of relations between Germany, Iraq, and the Kurdistan Region, discussing ways to expand cooperation further and enhance their relationship.

 

In their discussions, they emphasized the significance of the improved security situation in Iraq, acknowledging that ISIS remains a genuine threat to stability. As such, continued efforts are required to confront this threat. Barzani expressed gratitude to Germany for supporting Iraq and the Kurdistan Region. 

Additionally, the two sides deliberated on the political situation in Iraq and concurred on the importance of effectively implementing the federal system in the country. Barzani underscored the necessity of correctly establishing the national strategy for Iraq's stability. 

The discussions also encompassed the expansion of German trade activities in Iraq and the Kurdistan Region, diversifying income sources in Iraq, and the regional situation in general.

https://shafaq.com/en/Kurdistan/Kurdistan-s-president-emphasizes-the-importance-of-implementing-a-federal-system-for-Iraq-s-stability

Middle East stock markets react to escalating Palestinian-Israeli conflict, 10 OCT

 Middle East stock markets react to escalating Palestinian-Israeli conflict

Shafaq News/ Gulf stock markets experienced sharp declines on Monday amid growing concerns of a broader conflict in the Middle East following intensified clashes between Palestinian Hamas militants and Israel.

In Dubai, the benchmark index plummeted by 2.6 percent, marking the most significant drop since June of the previous year. Emaar Properties shares fell by 4.4 percent, and shares of Emaar Development Company experienced a five percent decline. Emirates NBD Bank shares dropped by 1.9 percent, and Dubai Islamic Bank faced a 3.3 percent decrease.

Abu Dhabi saw its benchmark index decline for the fourth consecutive session, closing 1.3 percent at its lowest since May. ADNOC Distribution lost 3.8 percent, and ADNOC Logistics and Distribution faced a 1.9 percent decrease. First Abu Dhabi Bank shares fell by 1.2 percent, and Abu Dhabi Islamic Bank shares dipped by 2 percent.

The Qatari index also experienced its fourth consecutive decline, closing down 1.7 percent. All stocks declined, with Qatar National Bank falling by 2.6 percent and Qatar Islamic Bank experiencing a 1.7 percent decrease.

In Saudi Arabia, the market showed a minor recovery from the previous session's losses, closing 0.2 percent lower after a significant 1.6 percent drop in the last session – the largest decline in ten months. The National Bank of Saudi Arabia fell by 2.2 percent, and shares of the Saudi Basic Industries Corporation (SABIC) faced a 1.8 percent decrease. Etihad Atheeb Telecom Company shares rose by 1.5 percent, and shares of Al Rajhi Bank, the world's largest Islamic bank in assets, increased by 1.2 percent.

The leading stock index in Egypt recovered slightly from the previous session's losses, rising by 0.3 percent. The finance and communications sectors supported the gains, with Commercial International Bank experiencing a 1.7 percent rise and Telecom Egypt shares increasing by 2.2 percent.

https://shafaq.com/en/Economy/Middle-East-stock-markets-react-to-escalating-Palestinian-Israeli-conflict

"RV UPDATE" BY FRANK26, BABYSMOM & RVALREADY, 10 OCT

  Frank26

  Question: "Are we at the point in this journey where the rate could be changed at any time?"  Yes.

You will get the HCL when the new exchange rate comes out.  When will the new exchange rate come out?  When they damn well feel like it.

Let's make sure we understand something about this bank [Walkingsticks friend Aki's bank in the US].  I don't want to call it a CBI bank.  I did that because in the beginning you needed a reference to relate it to so we said CBI satellite private banks.  But the reality, anybody can open a bank in the United States of America ...It's not so much they belong to the CBI, they work with the CBI.

 Babysmom 

  MOST RECENT ANTICIPATED OPENING RATES AS PER RAY [Guru RayRen98]  DONG .47 ...DINAR 3.81...

RVAlready 

 Many folks seem to be having favorable Bank interactions. No exchanges yet, but more bankers saying this is going to happen.

Iraqi Dinar🔥Opening Rates Iraqi Dinar $3.81 & Vietnamese Dong $2.25 Toda...

FRANK26 IQD UPDATE 10-9-23…..THIS IS THE MIDDLE EAST

Al-Sudani: The justifications for the American presence in Iraq have ended.. We do not need any forces, 9 OCT

 Al-Sudani: The justifications for the American presence in Iraq have ended.. We do not need any forces

10-8-2023

Al-Sudani - The justifications for the American presence in Iraq have ended.. We do not need any forcesInformation/private..

Today, Sunday, Member of the House of Representatives, Muhammad Saadoun Al-Sudani, considered the justifications for the American presence in Iraq to be “over,” while stressing the importance of Iraq’s recovery away from foreign forces.

Al-Sudani said, in an interview with the Al-Ma’louma Agency, that “Iraq, amid the major changes that have occurred recently in the region, must live independently, like the rest of the countries,” adding, “We want to have close relations with neighboring countries and the world.”

He added, “These relations must be built on the basis of mutual respect and non-interference in internal affairs,” indicating that “foreign and American forces are present in Iraq for a specific reason, and now these justifications have ended.”

The member of the House of Representatives explained, “Iraq must recover and take its role away from combat forces, whether the international coalition or American forces,” stressing that “the country currently does not need combat forces, trainers, or any foreign aid.”

The representative of the Sadiqoun parliamentary bloc, Rafiq Al-Salhi, had accused the American side of supporting terrorism to prolong the military presence in Iraq, calling on the government to announce a timetable for withdrawing those forces.

Earlier today, the Prime Minister, Muhammad Shiaa Al-Sudani, confirmed that ISIS does not today represent a threat to the Iraqi state, and there is no longer a need for the international coalition, which was formed to confront these gangs.

almaalomah.me