Iraq regains orbital rights for satellites in ITU decision
Shafaq News/ Iraq has successfully regained its orbital rights for satellites, according to an announcement made by Ali Al-Muayyad, the head of the Media and Communications Commission, during the World Radiocommunication Conference (WRC23) held in the United Arab Emirates.
Al-Muayyad revealed that the International Telecommunication Union has approved the adoption of new satellite orbits for member states, including Iraq, within the Broadcast Satellite Service (BSS). This decision marks a significant achievement for Iraq and is the outcome of more than a decade of continuous coordination with the International Telecommunication Union.
The approval involves replacing old and expired orbits with new ones, signifying an important milestone for Iraq's satellite communication capabilities.
In a series of strategic moves away from U.S. influence, Iraq has solidified its ties with Russia and China, marking a major shift in the geopolitical landscape with significant economic implications.
Perhaps creating the final impetus for a revaluation (RV) of the Iraqi Dinar (IQD).
As the U.S. focuses on the Israel-Hamas War, China and Russia have strategically expanded their presence in Iraq, aiming to capitalize on its potential as a major crude oil producer and a vital link in the logistical network connecting Eurasia to Europe.
Recently, in a key Cabinet meeting chaired by Prime Minister Mohammed Shia Al-Sudani, Iraq took a major step towards increasing its oil production and exports to China.
42nd Session of Iraqi Cabinet with Prime Minister Al-Sudani. Source: Iraqi Business News
The Cabinet agreed to boost crude oil exports to China by 50%, raising the daily production capacity of Iraq’s largest oil field, Rumaila, to 1.4 million barrels per day.
This is part of Iraq’s ambitious plan to reach 8 million barrels per day by 2028.
Simultaneously, Iraq pledged full support for the ‘Iraq-China Framework Agreement’ signed in December 2021, resembling the comprehensive ‘Iran-China 25-Year Comprehensive Cooperation Agreement.’ Central to these agreements is China’s priority access to Iraqi oil, gas, and petrochemical projects, coupled with a substantial discount on purchases.
China will also be permitted to establish factories across Iraq, supported by extensive infrastructure development, including crucial railway links aligned with China’s ‘Belt and Road Initiative.’
As these agreements unfold, the presence of Chinese security personnel, backed by Iranian counterparts from firms like Khatam al-Anbia, will be prominent at key project sites.
Furthermore, Russia’s long-term plans to exert influence in Iraq have advanced, with Prime Minister Al-Sudani meeting Russian President Vladimir Putin in Moscow.
Iraqi Prime Minister Al-Sudani Meeting with Russian President Putin on October 10th 2023. Source: Iraqi News
Discussions extended beyond the oil sector to include the future of oil exports from Kurdistan to Turkey, where Russia’s Rosneft plays a pivotal role. Iraq’s Deputy Prime Minister for Energy and Oil Minister also engaged with Gazprom Neft to discuss upcoming oil and gas projects.
These developments signal a major shift in Iraq’s alliances and geopolitical positioning.
As China and Russia deepen their involvement, the Iraqi Dinar could see a strengthening exchange rate, driven by increased oil production, strategic partnerships, and the infusion of foreign investments into the country’s infrastructure.
As this strategic shift continues to play out, we will likely witness a transformed economic landscape for Iraq, perhaps finally leading to a revaluation of Iraqi Dinar
.
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Article: "Alaq says the rise in the exchange rate in his time and the project to delete the zeros still exists" When was that? July 26, 2023. The plan is still underway, hasn't changed. It's a dynamic and fluid circumstance. We had the Bank of International Settlements come out and talk about highly complex financial transactions ...shocks, warning people...we can see there's some fireworks going on...in the background.
We're hoping Iraq will show us they have Article VIII compliance any time now. Let's see what happens...
Article [via MeetMeOnline] quote:
"Easing of global commodity prices, the revaluation of the dinar, the continued price subsidies are projected to keep inflation in check..."
This is coming from the World Bank...price subsidies are projected to keep inflation in check because of why? Because of the revaluation of the dinar...The World Bank are the ones talking about the revaluation of the dinar and the revaluation will help facilitate [many things] ...
Article quote: "Many countries in the region and the world have expressed a great desire to participate in this project [Iraq's Development Road Project] especially since it will be the most appropriate, shortest, least expensive way to transport goods between the continents of Asia and Europe"
It's going to be a major hub of the globe and you're thinking that Iraq can't ever revalue their currency? I think that is just flat-out silly. To think that it's not going to ever happen...the news speaks for itself...
Iraq’s Prime Minister Al Sudani promotes transparent governance through ‘Al-Watan wal Nas’ program, 23 NOV
In a significant move towards transparent governance, Mohammed Shia’ Al Sudani, the Prime Minister of Iraq, has initiated a dialogue with the Iraqi public through the ‘Al-Watan wal Nas’ program. This initiative, unique in its approach, underscores Al Sudani’s commitment to openness and his proactive approach towards addressing citizens’ concerns.
Al Sudani Engages with Citizens
Al Sudani’s approach to governance is characterized by an active engagement with the public, a trait highlighted by his participation in the ‘Al-Watan wal Nas’ program. By directly interacting with the citizens and addressing their concerns, Al Sudani aims to foster a sense of community and shared responsibility. The program not only promotes transparency but also instils a sense of accountability within the government, showcasing the administration’s commitment to its people.
A Platform for Dialogue
‘Al-Watan wal Nas’ serves as a platform for citizens to voice their concerns and engage in constructive dialogue with the government. The program’s objective is to create a bridge between the administration and the public, promoting open communication and fostering a responsive governance. With this initiative, Al Sudani is setting a new standard for public engagement in governance.
Commitment to Openness
This initiative is a tangible manifestation of Al Sudani’s commitment to openness and communication. By engaging in dialogue with the populace, Al Sudani underscores the importance of citizen participation in governance. This move also signals the administration’s readiness to listen to public opinions and act accordingly, further strengthening its bond with the Iraqi people.
Although further details about the discussion’s nature, topics covered, or the outcomes from this interaction are not provided, Al Sudani’s willingness to engage in such a public platform is a promising sign of progressive governance, a testament to the administration’s commitment to the people of Iraq.
Iraqi Council of Ministers Establishes Joint Committee for Border Crossings, Welcomed by Kurdish Official, 23 NOV
In a significant development, the Iraqi Council of Ministers has decided to establish a joint committee to scrutinize border crossings operations, a move hailed by a Kurdish regional official in Iraq. The official emphasized the necessity of this decision, asserting the Kurdistan Regional Government’s (KRG) vital observations should inform all decisions and directives related to the border crossings.
Rojava Conflict: An Unending Story
The decision comes against the backdrop of the ongoing Rojava conflict, also known as the Rojava Revolution, in northern Syria, a region also known among Kurds as Western Kurdistan or Rojava. The conflict, rooted in the historical repression of Kurds and other ethnic minorities in Syria, has become an integral part of the larger Syrian civil war and the Arab Spring. The strife led to the formation of the Autonomous Administration of North and East Syria (AANES) in 2016, a Kurdish-dominated coalition striving to establish a new constitution for the de facto autonomous region.
Implications of the Conflict: A Far-Reaching Impact
The conflict’s implications stretch beyond Syria and have recently manifested in the form of Turkish airstrikes on Iraqi territory. These attacks, specifically targeting the Kurdish region, resulted in the tragic loss of several members of the region’s counterterrorism force and Kurdish Peshmerga forces. The aftermath of these events has escalated the ongoing tensions between Iraq and Turkey, specifically concerning the Kurdish region.
Border Disputes: A Global Phenomenon
Border disputes are not a phenomenon exclusive to the Middle East. A relevant instance can be observed in the recent protocol signing between Kyrgyzstan and Tajikistan concerning disputed border areas. This agreement aims to resolve ongoing conflicts and clashes, thereby offering an interesting parallel to the formation of the joint committee in Iraq.
Alongside these developments, a six-hour reduction in electricity supply was reported in Penjwen, a town in the Kurdish region of Iraq. The official did not elaborate on the cause or implications of the power cut, leaving room for speculation and concern.
The Iraqi Council of Ministers’ decision to establish a joint committee to review border operations is a promising step forward. It underlines the importance of negotiation and collaboration in addressing territorial disputes and maintaining peace. The Kurdistan Regional Government’s inclusion in these discussions signifies recognition of their essential role in shaping policies and decisions related to border operations. Yet, the situation remains complex, with the Rojava conflict and power cuts in Penjwen adding another layer of intricacy to the already convoluted landscape of Middle Eastern politics.https://bnn.network/politics/iraqi-council-of-ministers-establishes-joint-committee-for-border-crossings-welcomed-by-kurdish-official/