Coffee with MarkZ. 01/02/2024

"RV UPDATE" BY GOLDILOCKS, 2 JAN

Iraq is moving from a consumer-driven Market to an export-oriented economic model.

Iraq is moving from a consumer-driven Market to an export-oriented economic model.

This is a trade and economic policy change designed to speed up the industrialization process in Iraq.

Through exporting goods with nations of comparative advantages, this gives Iraq a chance to grow organically and naturally inside a global market.

© Goldilocks

https://www.iraq-businessnews.com/2023/12/07/90-investment-opportunities-at-basra-industrial-partnerships-forum/

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The Ministry Of Transport Announces A Plan To Build 13 Ships In 2024, 2 JAN

 The Ministry Of Transport Announces A Plan To Build 13 Ships In 2024

Baghdad...  On Sunday, the Ministry of Transport revealed a maritime plan for next year, as part of the “Year of Creativity” campaign launched by the Minister of Transport, Razzaq Muhaibes Al-Saadawi, at the beginning of December, which includes the quest to build 13 ships.

A statement by the Ministry’s media office, received by “Al-Ma’louma”, stated, “The General Maritime Transport Company intends to strengthen and develop the work of the marine ship fleet, by building new ships,” noting that “the plan includes building a number of ships with large tonnages that meet the country’s need to transport The ration card items and goods that we need to support other sectors in all ministries and companies operating in the country, which contributes to supporting the Iraqi economy.”

The Director General of Maritime Transport, Ahmed Jassim Al-Asadi, said, according to the statement, “The company has begun work to obtain the necessary approvals to build eight ships, six of which will be within the investment budget, two within the operational budget, and five other ships that have been contacted regarding their construction through the Japanese loan granted to Iraq.”

Al-Asadi added, “These projects were included within the Year of Innovation plan, which is directly supervised by the Minister of Transport, Razzaq Muhaibis Al-Saadawi,” stressing that “the company’s priorities in the coming year revolve around diversifying and enhancing sources of revenue, raising the efficiency of employees, completing land distribution sections, deducting profits, and increasing incentives.” .

The company's general manager praised the role of the Minister of Transport, Razzaq Muhaibas Al-Saadawi, in facilitating the company's procedures in terms of contracts and approvals, praising his continued support for expanding its commercial fleet in proportion to the size of the great progress achieved in recent years in the Iraqi maritime sector, through opening shipping lines with a number of Arab, Asian and European countries, the most important of which is the direct shipping line with China, as it contributed to increasing the number of commercial ships arriving at our national ports.”

The statement added, "The company currently owns 6 commercial ships, three of which are estimated to have a tonnage of (14) thousand tons, namely the Basra, Al-Muthanna and Al-Hadba, which operate in international waters outside Iraqi territorial waters.

They have roamed the seas and oceans to transport many diverse cargoes, in addition to two small ships: A service operating in our territorial waters to supply ships arriving at Iraqi ports with fresh water and fuel, and the Baghdad ship, with a capacity of 10,000 tons, operates between the Emirates and Iraq to transport various containers. LINK

New Year Coffee with MarkZ. 01/01/2024

Thank you MarkZ for all your time, and encouragement daily….. PDK

MarkZ  Update- Some highlights by PDK-Not verbatim

MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context.  Be sure to consult a professional for any financial decisions

Member: Happy New Year Mark, Mods and Z family

Member: Yesterday, the date was 123123, wont happen again for 100 years

Member:  Happy New Year to everyone. Now let’s get back to work to find this RV

Member: We are all hoping for a wonderful and prosperous new year.

Member: Let’s hope Iraq really did ban the USD starting today…

Member: I realized yesterday a friend of my daughter is in Iraq. I reached out to her. She is excited. She changed all her USA currency this morning

Member: ISX opens Tuesday morning again. That means Forex…., will the IRAQI DINAR be posted ??? Guess we will soon see !

MZ: Don’t be surprises with a lack of news today….Its New Years Day…A holiday ….Banks are closed….governments are closed….forex is closed.

MZ: But, there are a lot of private group meetings  out west with group leaders going on today. There is a whole lot on their agenda this morning….

MZ: A lot of banking contacts are thinking we will see solid movement by the second…today on the first is a holiday and they are consolidating and moving things together……meaning possible announcements..  

MZ: There is a lot of fantastic chatter on what is going to happen in the next 24 hours or so…..

MZ: No bond update out of Zurich yet today.  I was expecting slow news today since this is a worldwide holiday everywhere. 

Member: Hope all your folks out west arent too hungover to get their stuff done

Member: My bank story: USBANK, all the tellers and 7 desks on the floor all have the same title placard, Client-something-counselor. Teller said using the ‘new system’ just over 2 weeks and new Mgmt.

Member:  About USN — my brother works at an armored car service that fills ATMs. He has not yet seen the new USNs.

Member: I think you would have to fill ATMs before an "Event", if this is event driven. Too dangerous to run around trying to fill them afterwards.

MZ: I think you are right. They have to prepare ahead…..It would be a security issue. 

Member:Theory? Iraq gets a five day head start to itself before the rest of the world. Those five days will be this week, then it will go live on the 8th, 1 day after Orthodox Christmas.

Member: If the White Hats are who they claim then it's time to get thing out for the rest of the public to finally see the truth

Member:  I have been hearing that this will be going through with in 24hrs

Member: I hope this is your year and all your wishes take place

Member:  Wishing everyone all the best, improved health, raising consciousness and love for all; lets be a Blessing to all we come in contact with!

MZ: We will reconvene tomorrow unless something happens tonight and I will come screaming back. 

Member: The Worst is behind us, But the Best is still in front of us. Happy New Year

Member: Thank you MarkZ and Mods for being here today . Happy New Year everyone

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Is The Government Moving To “Adjust” The Budget To Reduce The Deficit?, 2 JAN

 Is The Government Moving To “Adjust” The Budget To Reduce The Deficit?

Politics |Today, Baghdad today – Baghdad  Economic affairs researcher Haider Al-Sheikh revealed today, Monday (January 1, 2024), a government intention to amend the budget for the three years in an attempt to control the deficit.

The Sheikh told "Baghdad Today", "There is a tendency among the government to make an amendment to the draft law on the general budget of the Iraqi state for the three years, which was approved by the House of Representatives last June."

He added, "There will also be some amendments made to some articles of the budget law, including making financial transfers and reducing unnecessary expenditures."

He pointed out that "all of this will contribute to reducing the expected fiscal deficit in 2024 to 40 trillion dinars," pointing out that "the Ministry of Finance will work to amend the draft and send it to the Council of Ministers, and after its approval in the Council, it will be sent to the House of Representatives as a legal text to amend the budget law."

The current budget is the largest in the country’s history, amounting to approximately 153 billion dollars per year, with a large financial deficit estimated at about 48 billion annually, which is the highest and more than double the deficit recorded in the last budget for the year 2021, when it reached 19.7 billion. LINK