Monday, October 23, 2023
"RV UPDATE" BY DESERT ADVISOR, CANDYKISSES & SAMSON, 23 OCT
Desert Advisor
Article: "Iraq to end all dollar cash withdrawal by jan. 1 2024, central-bank official say" They're not allowing dollars to be taken out of banks anymore. That's pretty big news.
CandyKisses
Article: " International and international pressure to pass the oil and gas law" Quote: "The Prime Minister's financial adviser, Mazer Mohammed Saleh, confirmed in a press statement that accelerating the approval of the federal oil and gas project law in the House of Representatives as soon as possible will establish a stable national road map for investment and production for the country's main sovereign resource, which is oil and gas."
Samson
Article: "Al-Alaq stresses the importance of achieving stability in the dollar price and the necessity of changes in the trade system"
Kurdistan Region Bolsters Ties with Pakistan: A Strategic Move Towards Economic Diversification, 23 OCT
Kurdistan Region Bolsters Ties with Pakistan: A Strategic Move Towards Economic Diversification
In an era of global interconnectivity, the Kurdistan Regional Government (KRG) is intensifying its diplomatic efforts, setting its sights on bolstering ties with Pakistan. The recent meeting between Kurdistan Region Prime Minister Masrour Barzani and outgoing Pakistani envoy to Iraq, Ahmed Amjad Ali, signified a step towards a promising alliance, particularly in the realms of trade and investment.
Unveiling Prospects and Expectations
With around 12,000 Pakistani expatriates in Iraq, 4,000 of whom are in the Kurdistan Region, the meeting underscored a mutual appreciation for the potential of strengthening diplomatic ties. Notably, discussions veered towards the possibility of opening a Pakistani consulate in Erbil, the capital of the Kurdistan Region, and initiating direct flights between Erbil and Islamabad. These initiatives would not only facilitate trade and investment but also enhance people-to-people contact, fostering a robust bilateral relationship.
Attracting Foreign Investment: A Diversification Strategy
The Kurdistan Region has been proactively diversifying its economy in recent years, pivoting from the traditional oil and gas sectors to construction, tourism, and agriculture. By creating a favorable business environment, it has been successful in attracting foreign investments. Tax incentives and streamlined procedures for foreign investors are among the strategies employed by the KRG to steer this transformation.
For Pakistani businesses, the Kurdistan Region presents a hub of opportunities. Its strategic location, coupled with its abundant natural resources and burgeoning economy, makes it an attractive destination for investment. The potential sectors for cooperation include construction, infrastructure development, energy, and agriculture.
Global Diplomatic Relations: A Testament to KRG’s Commitment
The KRG’s relentless pursuit of establishing diplomatic ties is evident in its relationships with countries like the United States, the United Kingdom, and Germany. It has also engaged with international organizations such as the World Bank and the International Monetary Fund, further underscoring its commitment to economic growth and development.
The KRG has also been actively expanding its trade and investment partnerships with neighboring countries, including Turkey, Iran, and Syria, to promote cross-border trade and economic cooperation. These efforts are underpinned by the KRG’s commitment to creating a conducive business environment, which includes reforms to improve transparency, reduce bureaucracy, and protect investors’ rights.
By expanding its trade and investment partnerships with countries like Pakistan, the KRG is well-positioned to stimulate economic growth, create job opportunities, and improve the standard of living for its citizens. The meeting between Masrour Barzani and Ahmed Amjad Ali is a testament to this commitment, paving the way for a promising future of economic growth and development in the Kurdistan Region.
U.S. Ready for Intervention in Israel-Hamas War if American Personnel are Targeted, 23 OCT
U.S. Ready for Intervention in Israel-Hamas War if American Personnel are Targeted
In the shadow of the escalating Israel-Hamas war, the United States now stands prepared to intervene, should the conflict reach a precipice where American personnel are intentionally targeted. The warnings have been issued by Secretary of State Antony Blinken and Defense Secretary Lloyd Austin, who emphasized that while they do not desire further escalation, they are ready to respond in defense of American civilians and armed forces. This warning, a tangible manifestation of the underlying tensions, comes ahead of Israel’s looming ground invasion of Gaza, governed by Hamas.
Between the Lines of Conflict
The conflict, an ongoing saga of hostilities between Israel and Hamas, has already shaken the region. With Hamas launching deadly attacks on Israeli civilians, the death toll has surpassed 1,400. Blinken, who has spent several days meeting with regional leaders in the Middle East, has suggested an ever-growing likelihood of escalation. The United States anticipates the involvement of Iranian proxies in the conflict and stands prepared to defend their personnel and respond decisively if required.
In the volatile atmosphere, the Israeli military has been carrying out air strikes on Hamas targets in Gaza and other locations utilized by terrorist groups. The situation is further complicated by the trading of fire with Lebanon’s Hezbollah militant group and soaring tensions in the Israeli-occupied West Bank. As a deterrent, the United States has deployed additional military assets to the region.
A Humanitarian Crisis Amidst Chaos
While conflict rages, humanitarian aid continues to trickle into Gaza, but the situation remains dire. Cindy McCain, executive director of the UN World Food Program, has urged for more aid to be allowed into the region to feed the desperate populace. The United States, cognizant of the heightened tensions, has ordered non-essential diplomats and their families to leave the US Embassy in Iraq and the US consulate in Irbil.
The Quest for Peace
Amidst the chaos, President Joe Biden has been briefed on the situation and has engaged in discussions with Israeli Prime Minister Benjamin Netanyahu and Pope Francis. Biden has underscored the need to prevent further escalation and work towards a durable peace in the Middle East. In an effort to seek a political solution, he has convened a call with the leaders of Canada, France, Germany, Italy, and the United Kingdom to discuss the conflict.
The United States, while not seeking escalation, is prepared to intervene in the Israel-Hamas war if American personnel are targeted. The conflict between Israel and Hamas continues to intensify, with rising tensions across the region. The humanitarian situation in Gaza remains catastrophic, underscoring the urgent need for aid. As the world waits with bated breath, world leaders strive to prevent further escalation and find a political resolution to the conflict.
Coffee with MarkZ. 10/23/2023
NEW FEATURES IN THE DOLLAR FILE SOON… PARLIAMENT FINANCE DISCUSSES THE CRISIS WITH ALL IRAQI BANKS, 23 OCT
NEW FEATURES IN THE DOLLAR FILE SOON… PARLIAMENT FINANCE DISCUSSES THE CRISIS WITH ALL IRAQI BANKS
The Central Bank of Iraq honors the members of the Issuance and Treasury Department on their career day , 28 DEC
The Central Bank of Iraq honors the members of the Issuance and Treasury Department on their career day December 26, 2024 His Excellency t...
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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...