They're holding this 2023, 24, 25 budget close to the chest. Why? Because they need to wait for that special moment in time...
Iraq has the attention of the world when it comes to ascension [into the WTO]. We have more than...the WTO, We have the World Bank...the ITC...Saudi Arabia....Armenia, the International Foundation for Corporations...What do they need with that? They need freedom of capital movement. That's article VIII compliance...What a time to be an investor in the Iraqi dinar...
Iraq is going to have a lot of inflows. They're going to need to make things stable... To be able to defend their currency they're going to need to keep pricing stable...All these guys, the World Trade Organization all know that.
How are you going to finance one of the biggest world projects at 1310 when your valuation of your country is far greater than any other country in the region per kilometer?...What value are they going to use to value the operational side of of the budget for 2023 and investment side for 2023? ...If they haven't gone to a private sector at 1310 obviously there's an circumstance that suggests they're not going to into a private sector at 1310...
The Minister Of Oil Discusses With His Iranian Counterpart Joint Investment In Oil Fields
Information/Baghdad.. Today, Saturday, Deputy Prime Minister for Energy Affairs and Oil Minister Hayyan Abdul-Ghani discussed with his Iranian counterpart joint investment in oil fields.
A statement from the ministry received by Al-Maalouma stated that "the Minister of Oil met with Iranian Oil Minister Jawad Oji and discussed with him the prospects for joint cooperation between the two countries in the fields of oil and gas, infrastructure projects, and joint investment in the oil fields shared between the two countries."
The statement added that "the meeting came on the sidelines of the attendance of the Deputy Prime Minister for Energy Affairs and Minister of Oil at the seventh summit of the Gas Exporting Countries Forum in Algeria." End 25 LINK
MarkZ: There is a historic precedence to go during Ramadan. For Muslims most things slow down at this time…and they do not like doing business at that time…but, it doesn’t mean they won’t...but it sure would be more convenient to go right before it. [Dinar Guru Note: Ramadan is expected to begin on Monday, March 11, and continue through Wednesday,April 10.]
..a number of group contacts are expecting liquidity the first of the week…Monday or Tuesday. The chatter is strong amidst a number of group contacts. We all hope this is actually it this time.
I have one source close to the WTO that thinks it will be mid March for the actual ascension…It is clear it is now inevitable they are heading this direction.
Iranian Technical And Engineering Services Companies Account For Two Billion Dollars In Iraq
2024-03-02 Shafaq News/ Secretary of the Iranian Construction Companies Syndicate, Erj Claptonji, announced on Saturday that Iranian companies exporting technical and engineering services captured about two billion dollars from the Iraqi market from 2009 to 2015.
According to Iranian media, Erj Claptonji urged private sector companies to follow solid and solid plans to reach $20 billion in Iraq, especially since Turkish companies are on the cusp of investing $27 billion.
According to reports reported by ISNA News Agency, 56,500 engineering companies accredited by the Iranian Planning and Budget Organization are active in the field of the construction industry in Iran, 53,000 of which are contracting companies, and 3,500 of which are consulting engineering companies. About two million and 600 thousand people work in these companies.
According to statistics on the export performance of technical and engineering services from 1994 to 2021 provided by the Article 19 Committee of the Iranian Trade Development Organization, the approximate index of technical and engineering services exports in Iran reached about $34 billion in the form of 911 projects.
The Secretary of the Iranian Construction Companies Syndicate explained that Iraq opened its doors in 2015 to Iranian contractors, as private sector contractors won projects worth two billion dollars by entering tenders.
This indicates that if there is an active market next to Iran, Iranian companies can capture it from regional competitors through the necessary coordination. Iranian technical and engineering services export companies operate in Uzbekistan, Tajikistan, Bangladesh, Afghanistan, Pakistan, Sri Lanka, Kazakhstan, Turkmenistan, Azerbaijan, Armenia, Iraq, UAE, Oman, Yemen, Belarus, Djibouti, Kenya, Algeria, Sudan and Venezuela, but the largest volume of The activity of these companies between 2012 and 2016 was in Iraq.
Iranian companies in Iraq recorded contracts worth about four billion dollars, of which two billion dollars related to the “MBNA” company and the rest related to private sector contractors. But since 2016, when ISIS entered Iraq, the activity of Iranian companies in this country has decreased.
According to Claptonji, 38 private sector companies obtained 57 projects in Iraq during that period, including $3.1 billion in southern Iraq, $235 million in Sulaymaniyah, and about $400 million in Erbil.
This official stated that the largest activities in this sector target the Ministry of Construction, Housing and the Municipality in Iraq, with approximately $452 million. In the ranking of the best 250 contractors in the world during the year 2020, China came with 74 companies, Turkey with 44 companies, and Iran with two companies.
Referring to developments in exports of technical and engineering services to countries in the region, Claptonji said, “Iran’s most important competitor in the region is Turkey, which exported about $425 billion in technical and engineering services in the same period in which Iran exported $34 billion.”
The share of exports of technical and engineering services in Turkey's economy is about 30%, which means that Turkey has relied a large part of its economy on these exports. LINK
Article: "Iraq is looking forward to joining the World Trade Organization" Quote: "Iraq has today become a major economic player on the world level and needs to harmonize Iraqi laws with international laws."
Article quote: " Parliamentary agreement with the European Union mission: European financial and banking institutions are preparing to invest in Iraq"
Article: "Iraq completes requirements to join WTO” Quote: "The Iraqi Minister of Trade, Atheer Al-Ghurairi, affirmed that Iraq fulfilled the conditions necessary to become a member of the World Trade Organization (WTO) following the completion of economic reforms and the enhancement of the investment climate."
