"RV UPDATE" BY FNU LNU, 2 APRIL

  Fnu Lnu 

 [Response to Pimpy's HCL non-revenue sharing post from 3-31-2024 below]  

The notion of revenue-sharing is nothing new in the Middle East.  Bruni and Kuwait both do it...Revenue Watch Middle East Director Yahia Said recently returned from several months in Iraq working on the International Compact with the UN...This USIPeace Briefing summarizes the discussion.  Many Iraqi citizens look to the law for what it can contribute to reconciliation, security, and welfare. The three parts of the agreement will deal with the issues of 1) revenue sharing; 2) restructuring of the ministry of oil; and 3) establishing the Iraqi National Oil Company (INOC). 

  It is quite clear that the HCL has intentions to codify the issue of welfare (not for government) and the number 1 issue is REVENUE SHARING. To be more specific; Section 1314 of the FY2007 Supplemental Appropriations Act [P.L.110-28] specifically identified the enactment and implementation of legislation  “to ensure the equitabledistribution of hydrocarbon resources of the people of Iraq without regard to the sect or ethnicity of recipients” and “to ensure that the energy resources of Iraq benefit Sunni Arabs, Shia Arabs, Kurds, and other Iraqi citizens in an equitable manner” as benchmarks. 

Iraqi Dinar 🔥 CBI in 1 to 1 Situation 🔥 Guru Updates And Latest RV News ...

International competition to operate the large Al-Faw port... Transport: We will choose the best, 2 APRIL

  International competition to operate the large Al-Faw port... Transport: We will choose the best

Chinese, Singaporean, and Emirati companies are competing to operate the Al-Faw Grand Port, while the Ministry of Transport will announce during the coming period the company that will become a partner in managing and operating the port.

Director of the Ministry's Media Office, Maitham Al-Safi, said: The Ministry is seeking to contract with international companies specialized in the fields of port management and operation to be accredited as a partner in the management and operation of the Grand Faw Port, as it has received several offers in this regard, and it will announce the name of the operating partner during the next short period.

He added, "The most prominent contenders for managing and operating the port are Chinese, Singaporean, and Emirati companies that have great experience as they manage the most important major ports on the continent of Asia," indicating that "the committees concerned with preparing the requirements for operating the port are working to expedite the preparation of what is required of the companies submitting operating offers through the application." The vision of the government and the Ministry of Transport in establishing strategic projects, the most important of which is this project and making it a global transit station.

Al-Safi noted “the necessity for the company that will be selected to prepare the necessary plans to manage and operate the port based on studying the regional and international maritime transport market and marketing studies and their impact on the optimal choice of management and operation method.”

He explained, "Giving opportunities to invest in Al-Faw Port projects to giant companies that operate within international standards is the most important challenge for the Ministry during the first phase of operating the project, especially as it is prepared to receive reputable international companies that intend to invest in their projects according to future plans and visions that they have set in advance."

He pointed out that “the Ports Administration is working as one team with the Ministry of Transport to achieve the highest levels in implementing port projects that have reached advanced completion rates, whether in the work of the five berths or the highway linking the port and the submerged tunnel in the city of Umm Qasr, or in the container handling station, or in the canal.” Navigationa llink

"RV UPDATE" BY CLARE, 2 APRIL

 Clare  

Article:  "Al-Shammari reveals the most prominent files of Sudanese’s visit to Washington and the government’s ambition regarding the dollar"  Quote: "Al-Sudani's visit to Washington will be practical and will not be for taking pictures...The Iraqi delegation will ask the American side about the reasons for their decisions to impose sanctions on Iraqi banks... Our expectations are that the visit will be very successful..."

Clare 

 Article "Statement from Press Secretary Karine Jean-Pierre on the Visit of Prime Minister Mohammed Shia’a Al-Sudani of Iraq to the White House"  Quote "On April 15, President Joe Biden will welcome Prime Minister Mohammed Shia’a Al-Sudani of Iraq to the White House  to coordinate on common priorities and reinforce the strong bilateral partnership between the United States and Iraq."    

Article:   "Al-Sudani intends to visit Washington to lift the ban on banks prohibited from dealing in dollars"  

Quote: "The head of the Iraqi Securities Commission, Faisal Al-Haimas, announced that three Iraqi banks were sanctioned by the US Treasury, and 25 banks were banned from dealing in dollars  ; ."

 Article: "The Central Bank announces an understanding with the US Treasury to reconsider sanctions and indicates 'illegal trade' "

https://dinarevaluation.blogspot.com/2024/03/rv-update-by-clare-19-march.html

Iraqi Dinar 🔥 US Restrictions are lifted 🔥 Guru Updates And Latest RV Ne...

Al-Sudani receives an invitation from the Saudi Crown Prince to participate in the World Economic Forum, 2 APRIL

  Al-Sudani receives an invitation from the Saudi Crown Prince to participate in the World Economic Forum

Media Office of the Prime Minister: Saudi Crown Prince Mohammed bin Salman referred in his message to the Prime Minister to the close relations linking the Kingdom of Saudi Arabia with Iraq and that his participation will have a good impact on the success of the meeting’s work.

 Today, Monday, Iraqi Prime Minister Muhammad Shia al-Sudani received an official invitation from Saudi Crown Prince Mohammed bin Salman to participate in the special meeting of the World Economic Forum, which the Kingdom will host at the end of next April.

This was mentioned in a statement issued by Al-Sudani’s office and received by Shafaq News Agency. 

The statement conveyed that Bin Salman, in a letter he sent to Al-Sudani, referred to the close relations between the Kingdom of Saudi Arabia and Iraq, and that his participation will have a good impact on the success of the meeting’s work.

According to the statement, the special meeting of the World Economic Forum will be held in Riyadh for the period from April 28-29, and will address a number of international topics and issues, and discuss international cooperation in the fields of economics and sustainable development.   link

"RV UPDATE" BY MARKZ, 2 APRIL

 MarkZ 

 [via PDK]  Question:  Since Sudani has to go to US on April 15th does that mean nothing will happen on the RV until then or after?  MarkZ:   Many believe he could be coming to the US after the RV for his “victory lap”.

  [via PDK]  I am getting back and forth news from groups. Some say it’s happening now and some say May….  They are really bouncing back and forth.

  COMMENT:  Sudani is supposed to be in the US on April 15th.  

MARKZ:  Personally I think Sudani may be here for a “victory lap” after we have already started doing out exchange.

 Question:  Do we have the green light yet Mark?  MarkZ:  I think we have the green light. I am looking forward to what the next few days bring.

Bank story:  One of our members had a friend go to a bank in N. Carolina yesterday. They had a conversation with a branch manager. They talked about an hour on life, currencies, expectations etc. 

 The Bank manager said they are absolutely prepared for this. He said he knew a lot of banks were avoiding it but they were preparing for it. He said “We don’t know the timing but it could be at any moment” So they were having a very long conversation with a banker that was clued in, plugged in and prepared..

https://dinarevaluation.blogspot.com/2024/03/rv-update-by-markz-30-march.html