Tuesday, October 10, 2023
Putin announces $19 Bn investment in Iraq, 10 OCT
Putin announces $19 Bn investment in Iraq, 10 OCT
Shafaq News / Russian President Vladimir Putin revealed on Tuesday the volume of Russian investments in Iraq, stating that it amounts to $19 billion, with over 50 Russian companies operating in Iraq.
Putin made this announcement during talks held on Tuesday in Moscow with Iraqi Prime Minister Mohammed Shia Al Sudani, who arrived in the Russian capital earlier in the day.
Putin pointed out that Moscow and Baghdad are successfully coordinating within the OPEC+ framework with the aim of stabilizing global energy markets, stating, "We are coordinating our efforts within OPEC+ and doing so very successfully to achieve stability in the global markets, and I hope that we will continue to work in this direction."
The Russian president also added that the energy sector is a key area of cooperation between Russia and Iraq, which is a member of the Organization of Petroleum Exporting Countries (OPEC).
Regarding the volume of Russian investments in Iraq, Putin stated, "Our major companies are operating very successfully in Iraq, with our total investments amounting to approximately $19 billion. There are prospects for further developing our cooperation."
Moscow and Baghdad share strategic and historical ties, with nearly 50 Russian companies currently operating in Iraq, including "Lukoil" and "Gazprom Neft", the oil subsidiary of the Russian company "Gazprom."
Russia is currently executing a large project to rebuild and modernize a glass and ceramic products manufacturing plant in the city of Ramadi in al-Anbar governorate. An industrial alliance of Russian companies has begun practical implementation of this project on behalf of the Iraqi Ministry of Industry and Minerals.
"RV UPDATED: ANALYZING NEWS FROM IRAQ" BY MILITIAMAN, 10 OCT
Militia Man
Article: "The Iraqi Central Bank issues a warning to banks regarding dollar deposits."
A fresh edict from the central bank...Spelling out that the citizens have the right to redeem their deposits in the banks and that the monies are guaranteed and it is their inherent right to do so through or by the year 2024.
None the less the unprecedented crowds ensued...What is unusual is...the way the Central Bank exposed those [banks] that didn't have the money on hand were apparently found to be speculating with depositors funds in dollars. That is not good and there will be consequences.
The Central Bank is now going to take measures against banks that abstain from taking care of their obligations to the citizens.
Article quote: "The United States has warned Al-Sudani's government eight times publicly ...American side has provided ample evidence the majority of buyers of the dollar are smuggling it out of the country to Iran, Syria and Lebanon."" IRAQ BOOTS ON THE GROUND REPORT" BY FIREFLY, 10 OCT
IRAQ BOOTS ON THE GROUND REPORT
FIREFLY: The dollar is out of control and we afraid from what TV says makes like we are in trouble.
FRANK: It's just the same ole exaggeration...please don't drown on a drop of water..
.Both Alaq and Sudani are doing the monetary reform and they're doing it to the best of their abilities.
I will admit they are kind of slow and I wish they would speed it up. One of the requirements is to remove all foreign currency because you are now a sovereign country with a sovereign national currency which will soon have a new international exchange rate...
Serbia and Iraq Strengthen Diplomatic Ties, Mark 65 Years of Friendship, 10 OCT
Serbia and Iraq Strengthen Diplomatic Ties, Mark 65 Years of Friendship
In a significant diplomatic development, the Prime Minister of Serbia, Ana Brnabic, met with Muhammad Al-Halbousi, the Speaker of the Parliament of Iraq. The meeting aimed to strengthen bilateral ties on the 65th anniversary of diplomatic relations between the two nations, reflecting on their shared history and mapping a path for future cooperation.
A Renewed Commitment to Cooperation
The discussions, characterized by mutual respect and a shared vision, covered various areas of potential cooperation, including the economy, agriculture, health, and education. The two leaders reaffirmed their commitment to enhancing cooperation, underscoring the importance of their long-standing friendship and mutual support. The importance of respect for international law and preservation of sovereignty and territorial integrity were also emphasized during the meeting.
Al-Halbousi invited Serbian companies to explore opportunities in Iraq by participating in joint projects and doing business in the country. This invitation signifies Iraq’s proactive approach in building diplomatic alliances and strengthening its global presence. It could also pave the way for enhanced trade relations and economic partnerships between the two countries, fostering mutual growth and development.
Support for Serbia’s Territorial Integrity
The meeting also saw Iraq expressing its clear position on non-recognition of Kosovo’s independence, offering full support for Serbia’s sovereignty and territorial integrity. This stance aligns with Iraq’s commitment to promoting peace and stability in the region through dialogue and engagement. It also echoes Serbia’s position, further solidifying the strong diplomatic bond between the two countries.
This meeting is not just a milestone marking 65 years of diplomatic relations, but it’s also a harbinger of a more globally connected future for both Serbia and Iraq. The strengthened ties could lead to more joint initiatives, increased trade, and shared efforts in promoting regional stability. The meeting also enhances Iraq’s international standing by showcasing its commitment to international law and cooperative diplomacy..
Iraqi Prime Minister Al-Sudani Arrives in Russia to Meet Putin, 10
Iraqi Prime Minister Al-Sudani Arrives in Russia to Meet Putin, 10
On a mission to strengthen bilateral ties and explore cooperation opportunities, Iraqi Prime Minister Mohammed Al-Sudani has embarked on a two-day visit to Russia. The visit, which is aimed at bolstering diplomatic relations, kicked off with a warm reception by Russian officials at Moscow’s Vnukovo Airport.
Strengthening Diplomatic Ties
Prime Minister Al-Sudani’s visit to Russia manifests the significance of maintaining robust diplomatic relations between the two nations. The main agenda of this diplomatic rendezvous orbits around discussions on the enhancement of cooperation, particularly in the fields of energy and economy. These discussions could have far-reaching implications for the future of Iraq-Russia relations and the geopolitical dynamics of the region.
High-Profile Meeting
Adding weightage to this diplomatic visit, Al-Sudani is scheduled to hold talks with Russian President Vladimir Putin. The high-profile meeting will focus on issues of bilateral cooperation and the situation in the Middle East. This will be their first meeting, marking a vital milestone in the relationship between the two nations. The leaders are also slated to participate in the Russian Energy Week forum, further emphasizing the importance of energy cooperation in their bilateral relations.
Implications for the Middle East
The meeting between Al-Sudani and Putin is not just crucial for Iraq and Russia, but it also holds considerable significance for the broader Middle East region. Given the tumultuous and complex political landscape of the Middle East, any form of consolidation or change in alliances can have ripple effects across the region. As such, the outcomes of this meeting will be closely watched by regional and global stakeholders.
Looking Forward
While the visit is a testament to the importance of maintaining strong diplomatic relations, it is the potential outcomes of the talks between Al-Sudani and Putin that are of utmost significance. The discussions could potentially shape the future trajectory of Iraq-Russia relations and the strategic dynamics of the region. As the world watches, it remains to be seen what the future holds for the relationship between Iraq and Russia and the impact of their strengthened ties on the Middle East’s geopolitical
https://bnn.network/world/russia/iraqi-prime-minister-al-sudani-arrives-in-russia-to-meet-putin/
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Frank26 [Bank story] This time we didn't go down, we just called [the bank]... We said we want to see if we can exchange some cu...
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Bank appointment for Currency EXCHANGE Instructions/Checklist Bank Name_________________________________________ Bank 800#____________...
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Walkingstick All these meetings that the CBI had with all these agencies that were helping them with their monetary reform are done. Al...