[via PDK] Question: How is the war affecting the RV…is it now delayed? MarkZ: I am told it may be a small speed bump but will not distract from it completely. Most of my sources think this is still our week. I sure hope so…
Comment: Iraq PM is meeting with Putin tomorrow. MarkZ: Yes I have heard that…we don’t know what if anything will come from that. Luc oil is one of the biggest Russian oil companies and has a lot of holdings in northern Iraq.
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Global oil prices soar after Hamas attack on Israel” Oil prices after hitting a slump start to spike. It would make it easier for Iraq to revalue with higher oil prices.
Article: “Iraq Central bank warns Iraqi banks refusing USD withdrawals” ...
Iraq has to be positively livid with the US government right now…don't let it throw you though...my Iraqi sources believe we are on the fast track…and this situation with Israel and Hamas will not cause more than a slight speed bump in the RV. I hope they are accurate.
Turkey and Iraq in Talks to Forge a Security Pact to Combat Terrorism in Northern Region, 10 OCT
In a significant move towards regional security, Iraqi Prime Minister Mohammed Shia Al Sudani has revealed that his government is engaged in discussions with Turkey to ink a security pact. The agreement aims to address the prevailing security issues in the northern region of Iraq, with particular focus on terrorist groups such as the PKK (Kurdistan Workers’ Party) and Daesh that have been active in the area bordering Turkey.
Historical Context of Turkish-Iraqi Relations
Over the decades, Iraq and Turkey have seen their bilateral relations fluctuate, often marred by territorial disputes and differing stances on Kurdish autonomy. However, the current talks represent a shift towards cooperation, especially against common security threats. Turkish military operations against the PKK, particularly in the Qandil Mountains, have been ongoing, but the Iraqi government has yet to officially label the PKK as a terrorist group. Turkey has been urging Iraq to acknowledge the PKK’s terrorist activities and has expressed readiness to collaborate with Iraq against both the PKK and Daesh.
The PKK, recognized as a terrorist organization by Turkey, the European Union, and the United States, has been conducting a terrorist campaign in southeast Turkey since 1984. In addition to this, Turkey is also grappling with the YPG, the PKK’s Syrian offshoot, in northern Syria. The proposed security agreement between Turkey and Iraq is poised to strengthen their cooperation in the regional fight against such terrorist groups.
Turkey’s Role in Northern Iraq
Turkish military involvement in northern Iraq has a long and complex history. Apart from its operations against the PKK, Turkey has also been actively fighting Daesh. This dual focus on combating both the PKK and Daesh has been a defining feature of Turkey’s policy in Iraq. The security pact, if realized, would formalize and possibly enhance this existing military involvement.
If successful, the security pact between Turkey and Iraq could set a precedent for regional cooperation against terrorism. The agreement could also have significant implications for the PKK and Daesh, possibly disrupting their operations in the region. However, the pact could also escalate tensions with the Kurdish population, who may view it as an intrusion on their autonomy. As these negotiations progress, the international community will closely watch the potential impacts on regional stability and security.
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.
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.
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.