Iraq is in first place. Iranian official: Our trade with neighboring countries amounted to $50 billion
Baghdad Today - Follow-up
An Iranian official revealed on Sunday (February 11, 2024) that the volume of non-oil trade between Iran and 15 neighboring countries amounted to $50 billion during the past ten months of the current Iranian year, which ends on March 20, adding that "Iraq occupied the first place in Iran's exports."
The spokesman for the Iranian Trade Development Committee, Ruhollah Latifi, told the news agency "Ilna", followed by "Baghdad Today": "The volume of non-oil trade between Iran and 15 neighboring countries amounted to $ 50 billion during the 10 months of the current Iranian year, which was accompanied by a growth of 1.8 percent compared to the same period last year."
He added: "From the beginning of March 2023 until January 2024, 79,982,360 tons of goods worth 49 billion 831 million 871 thousand dollars were exported between Iran and Iran's neighboring countries, and the share of Iran's exports to these countries amounted to 60 million 368 thousand 642 tons of goods worth 23 billion 150 million 483 thousand dollars, and the share of Iran's imports from neighboring countries amounted to 19 million and 613 thousand and 717 tons worth 26 billion and 681 million and 388 thousand and 465 dollars."
Regarding the export of Iranian food and agricultural products to neighboring countries, Latifi said: "In 10 months of this year, 6 and 151 million and 744 tons of livestock were exported, and fish, agricultural and food products worth three billion and 909 million And 648 thousand and 708 dollars were exported to Iran's neighboring countries."
According to Latifi, Iraq ranked first with $7.2 billion, followed by the UAE with $5.2 billion, Turkey with $3.5 billion, Pakistan with $1.7 billion, and Afghanistan with $1.5 billion, in exporting Iranian goods.
He pointed out that "the Sultanate of Oman ranked sixth with the purchase of $916 million, followed by Russia with $760 million, Azerbaijan with $499.5 million, Turkmenistan with $368 million, Armenia with $333 million, Kazakhstan with $163.5 million , Kuwait with $146 million, and Qatar with $146 million. Bahrain $8.3 million and Saudi Arabia $361,000."
On the volume of Iranian imports from neighboring countries, he said: "The UAE sold $17 billion, Turkey sold $6 billion, Russia sold $1.5 billion, Oman sold $778 million, Pakistan sold $527 billion dollars, and the first million five countries that exported their goods to Iran."
A few years back on his YouTube channel, author and whistle blower David Wilcock said Disclosure and the RV will happen…and the marker will be when the KC Chiefs beat the SF 49ers in the Super Bowl…signaling masonic/cabal defeat and victory to the light and galactic federation. Chiefs, meaning the indigenous rightful owners of the land beating the S.W.I.F.T. system. You’re welcome.
Due To The Rise In Exchange Rates...A Parliamentary Movement To Speed Up The Approval Of The “Salary Scale”
Economy News – Baghdad Independent MP Nazem Al-Shibli stressed today, Tuesday, the necessity of accelerating the approval of the new salary scale to address fluctuations in prices due to the continuous rise in the exchange rate of the dollar against the local currency.
Al-Shibli said in an interview followed by Al-Iqtisad News, “There is a parliamentary move to accelerate the completion and approval of the new salary scale to raise the salaries of those with lower grades, improve their living conditions, and confront fluctuations in market prices.”
He added, "The government must explain the steps it has taken regarding amending the salary scale for state employees, which will contribute to achieving social justice."
Al-Shibli pointed out that "there is a large disparity in salaries within the same category in state ministries, despite the similarity of working hours."
Most employees in state departments are still awaiting a decision from the government regarding the new salary scale, especially after many parliamentary requests to prepare the scale to achieve justice among employees in various ministries.
The Presidency's Media Department denied what was broadcast by one of the channels about President Abdel Latif Gamal Rachid submitting a request to visit America, describing the widespread information as "misleading", stressing that it has nothing to do with reality.
Mon. 12 Feb. Wolverine:We are ready to go according to all sources and Whales. This is the week we are waiting for. We should get notifications todayMon. 12 Feb.There are unconfirmed reports that President Trump signed NESARA/GESARA.
Some Bond holders who are whales, have been paid and they all are under NDA.
We heard last week that about three of these Whales started talking. Unfortunately, their accounts were frozen after 30 years of waiting. Please be careful everyone.
There are some bad people sending out legit looking forms, saying they got paid, and asking you if you got paid, but if you respond to them you will be breaking your NDA contract. If people ask you if you got paid just BLOCK them. Be careful! In my opinion, when you get your blessing, do NOT help people right away, as they will ask “Where did you get all that money?” Just be quiet, and only discuss with your family members who know about this. Remember if people ask where you got the money, just say “Please don’t ask, just accept this gift.”
Mauricio had a meeting with people who said this will be a Golden week. People ask me if this IS the week, but I cannot tell you with absolutely certainty- it is too much pressure on me. All people are messengers. Even the Admiral is a messenger.
The EBS system is ready to go. Hopefully we will get that after our blessing, as the EBS does come AFTER the blessing.
Also, get a trust, some say no need, it will be under the QFS, but the trust will always protect you. So as soon as you get the blessing, go a bank manager or a lawyer to get set up with a trust.
Won By A Kuwaiti Company.. An International Lawsuit Fines The Kurdistan Region Nearly 500 Million Dollars
Arab and international Economy News – Baghdad The Nullification Committee of the International Arbitration Tribunal of the International Center for Settlement of Investment Disputes supported, by a majority, Agility’s appeal of the original arbitration decision while partially invalidating it, which confirms “Agility’s” right to file a claim again against the Iraqi government.
The disqualification panel agreed with Agility's defense that the original arbitration panel had wrongly shielded the actions of the Government of Iraq from scrutiny, and therefore did not consider whether the actions and omissions of the Government of Iraq violated the terms of protection afforded to Agility under the Kuwaiti Bilateral Investment Agreement. And Iraq.
Accordingly, and as a result of the original arbitral tribunal's failure to state the reasons on which it based its decision, it had committed a voidable error pursuant to Article 52 (1) (b), as well as Article 52 (1) (e) of the International Center for Settlement Convention. Investment disputes.
The committee stated that: “By focusing only on confiscation claims that arise solely as a result of the faithful implementation of the CMC order, the arbitral tribunal has failed to address or examine the manner in which the Government of Iraq has implemented the CMC order and, therefore, has grossly exceeded its authority.” "Superior."
The Committee commented helpfully with the following: “The Committee considers that this finding is reinforced by the fact that the failure to exercise jurisdiction to determine consistency with the provisions of the Kuwait-Iraq Bilateral Investment Agreement in relation to the expropriation claims also had multiplier effects on the other claims brought by the Company ( Agility, which ultimately led to none of them being resolved.”
As a result of this decision, Agility will now have the opportunity to re-file its claims before a newly formed arbitration panel at the International Center for Settlement of Investment Disputes that will determine Agility’s claims related to Iraq’s expropriation of the company’s investments, and its failure to grant Agility fair and equitable treatment. And its failure to give the company full protection and guarantee as required under the bilateral investment agreement between Kuwait and Iraq.
Following the issuance of the final annulment decision, Agility reported: “Three years ago, it was clear that the ICSID Arbitration Tribunal had failed. It has protected the actions of the Government of Iraq from any audit procedures, which clearly violates the basic guarantees against confiscation and unfair and inequitable behavior stipulated in the Bilateral Investment Agreement between Kuwait and Iraq, protection from which Agility benefited.
We are aware that less than 5 percent of arbitration awards related to the Kuwait-Iraq Bilateral Investment Agreement have been invalidated, and we are very grateful to Professor Ricardo Ramirez (Chair) and Professor Hai Tak Shin for their courage in invalidating this false patent.”
Assignment of an expert
On the other hand, Alcazar Capital Partners, a subsidiary of Lagility, filed suit No. 8228/21 Commercial Total 5, the subject of which is the assignment of an expert to settle the account regarding a sovereign guarantee issued in its favor by the Government of Kurdistan, on the basis of the statement that it was dated September 11, 2007. The Kurdistan Regional Government of Iraq provided Alcazar Capital Partners with a guarantee to guarantee a loan worth $250 million (about 75 million dinars), plus interest at 7 percent annually, which Alcazar Capital Partners provided to Korek Telecom, to be used for the purpose stated in the guarantee.
This is to finance the payment of the second installment of the price of the national mobile phone license covering Iraqi territory, which the aforementioned company won.
It is stated in the core of the guarantee provided by the Kurdistan Regional Government of Iraq that the guarantee provided by it, individually or jointly with “Korek Telecom”, gives the absolute right to “Alcazar Capital Partners” to have recourse against the Kurdistan Regional Government of Iraq individually, and it is alone with the company that guaranteed it under the guarantee. As stated above, as long as it is agreed at the core of the guarantee to return to the guarantor alone.
“Agility” requested its entry before the Court of Appeal with “Alcazar Capital Partners,” joining its request from the court to oblige the first respondent (the Kurdistan Regional Government) to pay to the appellant (Alcazar Capital Partners) the amount of $490.077 million, the value of the loan and the legal interest from the date of the loan and the letter of guarantee.
Sovereignty dated September 11, 2007, obligating it to pay any new interest at the rate of 7 percent until full payment, while obligating it to pay expenses and 200 dinars in exchange for the actual attorney’s fees for the two levels of litigation. “Agility” reported that the decision of the Court of Appeal came in favor of “Alcazar Capital Partners,” as The text of the appeal ruling, as issued by the court, is as follows:
First: Accepting the appeal in form.
Second: Accepting Agility’s intervention in public warehouses in form.
Third: Regarding the subject of the appeal, canceling the appealed ruling (the ruling of the first instance, which ruled to reject the case and obligating the plaintiff company “Alcazar Capital Partners” to pay its expenses, and 10 dinars for attorney’s fees), and obliging the first respondent (the Kurdistan Regional Government) to pay the appellant (Alcazar Capital Partners) The amount of $490.077 million (about 149.4 million dinars), the value of the loan and the legal interest from the date of the loan and the sovereign guarantee letter dated September 11, 2007, obligating it to pay any new interest at the rate of 7 percent until full payment, while obligating it to pay expenses and 200 dinars for the actual attorney’s fees for the two levels of litigation. .
Agility noted that “the Court of Cassation recently issued its ruling in favor of Alcazar Capital Partners by rejecting the appeal filed by the Kurdistan Regional Government against the appeal ruling, and thus the ruling became final in favor of Alcazar Capital Partners.”
In addition, Alcazar Capital Partners, a subsidiary of Agility, filed a lawsuit to settle the account regarding a sovereign guarantee issued in its favor by the Kurdistan Government, based on the statement that on 9/11/2007, the Kurdistan Regional Government of Iraq submitted to Alcazar Company Capital Partners is a guarantee to guarantee a loan worth two hundred and fifty million dollars, plus interest at the rate of 7% annually, provided by Alcazar Capital Partners to Korek Telecom, a company established in accordance with the laws of the State of Iraq and registered in the Kurdistan region, to be used for the purpose stated in the text.
The guarantee is to finance the payment of the second installment of the price of the national mobile phone license covering Iraqi territory, which was won by the aforementioned company.
It is stated in the core of the guarantee provided by the Iraqi Kurdistan Regional Government that the guarantee is provided by it alone or jointly with Korek Telecom, and this gives Alcazar Capital Partners the absolute right to have recourse against the Iraqi Kurdistan Regional Government individually.
Alcazar Capital Partners requested that the Experts Department at the Ministry of Justice assign one of its specialized experts to review the case file and the documents it contains and to report on the value of the amounts owed to the company by the Iraqi Kurdistan Regional Government, which is the principal of the loan and its accumulated interest at the fixed interest rate in the body of the surety bond of the lawsuit, from the date of Granting the loan and guarantee obtained on September 11, 2007 until full payment, in addition to fees, expenses, and actual attorney’s fees.
Agility requested its entry before the Court of Appeal with Alcazar Capital Partners, joining its request from the court to oblige the first respondent (the Kurdistan Regional Government) to pay the appellant (Alcazar Capital Partners) an amount of $490,077 million and the legal interest from the date of the loan and the sovereign guarantee letter dated 11 /9/2007 and obligating it to pay any new interest at the rate of 7% until full payment, while obligating it to pay expenses and two hundred Kuwaiti dinars in exchange for the actual attorney’s fees for the two levels of litigation. 227 views 02/13/2024 - https://economy-news.net/content.php?id=40407