Thursday, October 19, 2023
Evening News with MarkZ. Huge win for RIPPLE! 10/19/2023
A politician reveals an “unexpected” position of the framework regarding the Sudanese completing his governmental term, 19 OCT
A politician reveals an “unexpected” position of the framework regarding the Sudanese completing his governmental term
Dr. Qusay Mahbouba, a liberal politician, stated on Wednesday that there are forces within the coordination framework who are opposed to Prime Minister Muhammad Shiaa Al-Sudani finishing his term. Although he acknowledged that Al-Sudani’s popularity is not at the level of ambition, he believes that Al-Sudani must take steps to improve the lives of citizens. Dr. Mahbouba also commented on the Palestinian war, stating that the Iraqi factions have no involvement in this matter.
Mahbouba, on the 8th program with Ahmed Al-Tayeb, followed by the “Gazette”, stated that there are forces within the framework that do not want the Sudanese government to complete its term. She suggested that although the Sudanese leader enjoys popularity, it’s not at the level of ambition. Mahbouba emphasized the need for the Sudanese government to take steps that positively impact the lives of its citizens. She also called for a review and evaluation of the performance of the government and advisory team.
“The Sudanese people have a strong work ethic, and I encourage them to stay actively involved in ongoing projects,” he stated. He went on to explain that while 17% of the projects aimed at removing obstacles have been completed, the contractors have yet to receive operational advances, and the Central Bank lacks a plan to cover the required budget.”
Mahbouba stated that local elections should be held and religious forces should not interfere in political affairs. She further mentioned that the Communist Party and political Islam are similar and that her party would not form any alliance with the Communist Party.
He emphasized that their alliance would not include any political Islam, the Communist Party, or the Baathist Nationalist, adding that political Islam has failed in Egypt, Libya, and Iraq.
Regarding the Palestinian issue, Mahbouba stated that the Iraqi factions have no involvement and there is no such thing as the Iraqi resistance. The Palestinian resistance should avoid making mistakes.
During a conversation, he emphasized that the Palestinian cause is just and indisputable. He pointed out that within just 11 days, millions of Palestinians have been displaced and that the war is not limited to the lightning operation carried out by Hamas. According to him, Israel has presented the situation in a way that portrays itself as oppressed before the world. He also believes that the decision on peace and war should not be left in the hands of one organization. Finally, he predicts that Gaza will be divided into northern and southern parts in the future.
He emphasized that the Iranian people would not be willing to engage in a battle that is not their own. Similarly, Hezbollah would refrain from entering into an open war with Israel, the Houthis and the Syrian regime would not be able to change the power dynamics in the Palestinian conflict, Qatar would not be allowed to participate in the reconstruction of the Gaza Strip this time around, and the Hamas movement has lost its authority over the Gaza Strip.
"RV UPDATE" BY BRUCE, 19 OCT
Bruce
[via WiserNow]
What we got in report today was all the rates are extremely good. And we know that the dinar came back up on the Forex yesterday and came back up on the streets for trading on forex and on the bank screen today. The rates are very good.
...our hope is that we get notified - we set our appointments - and at least start Thursday.
That's what I'm hoping that we'll see if that's what manifests... you know guys, we've been awfully close before, or at least we thought it was that case. And now we're at that same point of could it happen? ...So we hope that this is it...
A New Oil Well in Iraq: Beacon of Hope Amid Uncertainty, 19 OCT
A New Oil Well in Iraq: Beacon of Hope Amid Uncertainty, 19 OCT
In the heart of the Al-Zubair oil field, nestled in the volatile landscape of Iraq, a new well has been drilled, reaching an impressive depth of 3,533 meters. The accomplishment, achieved by the Iraqi Drilling Company (IDC), arrives at a pivotal moment for the country’s oil industry, serving as both a symbol of hope and a stark reminder of the challenges that lie ahead.
An Unusual Triumph in Troubled Times
The drilling of the new well marks a significant stride for the IDC and Iraq’s oil industry. This success emerges amid a broader context of uncertainty, as international giants BP and Lukoil consider divesting their Iraqi oil assets, citing an increasingly unsuitable investment environment.
BP’s ties with Iraq run deep, its oil exploration and production activities dating back to the 1920s. It was the first international company to return to Iraq after a 35-year hiatus in 2009, and has been working on the development of the giant Rumaila oilfield, in partnership with PetroChina and the state-owned Basra Oil Company. Lukoil, on the other hand, operates the West Qurna 2 field in southern Iraq.
Foreign Investors Losing Faith
However, major oil companies’ faith in Iraq as a viable investment destination is waning, a sentiment embodied by Lukoil’s recent decision to sell its share to Chinese interests. This follows the withdrawal of Shell and ExxonMobil, both citing an unsuitable investment climate.
According to Iraq’s oil minister, Ihsan Abdul Jabbar, the current landscape in Iraq makes it difficult for these companies to stay. The departure of these international companies raises potent questions about the future of Iraq’s oil industry, given their expertise, resources, and technology necessary for maximizing the potential of Iraq’s oil fields.
Domestic Resilience Amid External Doubts
Against this backdrop, IDC’s successful drilling operation is a beacon of resilience. It underscores that despite the challenges, there is room for local companies to contribute to the development of Iraq’s oil industry. The IDC’s accomplishment is a testament to the potential role domestic companies can play in the growth of the sector and reducing dependence on foreign investment.
However, the future of Iraq’s oil industry is not without its challenges. Creating a favorable investment environment is crucial to attracting and retaining major oil companies. To accomplish this, Iraq must grapple with issues of political stability, security, and transparent regulations.
In the wake of IDC’s achievement, Iraq finds itself at a crossroads. The successful drilling operation in Al-Zubair is a significant milestone, but the departure of BP and Lukoil underlines the challenges that lie ahead. As the Iraqi government grapples with these issues, the future of its oil industry hangs in the balance.
Iraq’s Digital Transformation: A Meeting of Minds in Erbil, 19 OCT
Iraq’s Digital Transformation: A Meeting of Minds in Erbil, 19 OCT
In the heart of the ancient land, where the Tigris and Euphrates rivers cradle civilization, a modern narrative is unfolding. In Erbil, the capital of the Kurdistan Region of Iraq, Prime Minister Masrour Barzani and Iraqi Central Bank Governor Ali al-Allaq recently convened. Their discourse echoed within the grand architecture of the city, a testament to a crucial dialogue on economic stability and banking sector reforms, especially the digital transformation of public employee payments.
My Account Initiative: A Digital Leap Forward
At the heart of their discussions was the My Account Initiative, a financial inclusion program launched by the Kurdistan Regional Government. Designed to digitize the payment system for public employees, the initiative marks a significant leap towards the future. In the initial phase, it aims to modernize salary and benefit distribution, enhancing efficiency, transparency, and accountability.
The initiative has already recorded considerable progress, with 65,000 employees registered in the system. It’s a testament to the potential of digitization in catalyzing economic growth, with the ripples of its success felt across Iraq.
(Read Also: Iraq’s Unyielding Battle Against ISIS: A Strike in Wadi Al-Shay )
Banking Sector Reforms: Strengthening Economic Foundations
In the backdrop of the digital transformation, other banking sector reforms were also on the agenda. The Kurdistan Regional Government is committed to strengthening the banking system to promote domestic and foreign investments. These reforms aim to fortify the regulatory framework for banks, foster good governance, and increase transparency, thus creating an ecosystem conducive to economic growth.
(Read Also: A New Oil Well in Iraq: Beacon of Hope Amid Uncertainty)
Anti-Money Laundering Efforts: Safeguarding Financial Integrity
Besides digital transformation and overall reforms, the fight against money laundering took center stage. As a significant threat to financial stability, both the Kurdistan Region and the federal government are determined to prevent and combat this illicit activity. Strengthening anti-money laundering efforts is paramount in maintaining the trust of investors and ensuring the banking sector’s stability.
The meeting, thus, underscored the commitment of both the Kurdistan Region and the federal government towards economic development, financial stability, and good governance.
The story of this meeting is not just about economic strategies and initiatives. It’s about hope. It’s about a region that has been the cradle of civilization, now striving to define its future. It’s about a dialogue that carries the potential to reshape the economic landscape of Iraq, and perhaps, influence the broader region.
https://bnn.network/tech/iraqs-digital-transformation-a-meeting-of-minds-in-erbil/
TIDBIT FROM MNT GOAT, 26 NOV
Mnt Goat We have been witnessing the preparation of a huge move for the Iraqi financial system come the end of the year. I do not wan...
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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...