"IRAQ BOOTS ON THE GROUND REPORT" BY FIREFLY, 2 APRIL

  Frank26 

  [Iraq boots-on-the-ground report] 

  FIREFLY:  Ramadan is over on the 8th.  Then we have EID holiday from the 8th to the 14th and then on the 15th Sudani is supposed to go to Washington D.C...It's time to get a little excited...

   FIREFLY: The foreign minister already in USA is a prelude to Sudani grand stand that's coming April 1st, our new fiscal year.   

FRANK:   So much is now pointing for your 1st quarter.  April the 1st or maybe the first week of April especially with Sudani going to see the President of the United States in Washington DC on the 15th of April.  It seems to me he's going to go see the president with a new exchange rate under his belt...not the weak leadership of a program rate.

  FIREFLY: TV is say when Sudani goes to Washington.  OMG that's a long time off.  Means nothing changing until after that probably, if it does this year.  

FRANK:  I don't care if it happens on the 15th of April.  I don't care if it happens tomorrow.  I just know it's happening with all that we're seeing.  The proof is there.  There's no doubt about it.

 FIREFLY:  Tv talked about  parliament finance has been meeting...with the CBI officials talking about mechanisms to pay the salaries and all the project we have.  This is a good sign.  They are meeting right before the budget goes to parliament next week. 

 FRANK:  Firefly knows if it does go to parliament and they vote, it will expose an exchange rate.  Certainly not a program rate.

FIREFLY:  Talked to bank friend.  He told me it seems to be the quiet time but soon news on the amending budget will appear...Nothing will get done, so it's going to be soon.   The dropping of the zeros is off the exchange rate...We were told on TV that during next week the 2024 amended budget will arrive at parliament for their vote.  

 FRANK:  Stay very close to your friend because at any moment IMO I believe he'll be able to give you what you're looking for, what they promised you. 

https://dinarevaluation.blogspot.com/2024/03/iraq-boots-on-ground-rreport-by-firefly.html

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Transportation: We are working to activate mass transportation in the cities of Sadr and Shula, 2 APRIL

 Transportation: We are working to activate mass transportation in the cities of Sadr and Shula

Economy News - Baghdaddad

The General Company for Passenger Transport and delegations in the Ministry of Transport announced on Sunday the start of activating a mass transport line in some areas of Baghdad passing through the center and south of the capital, while confirming that the next phase will include the areas of Sadr City and Shula.

The company's general manager, Karim Kazem Hussein, said in a statement reported by the official news agency, and seen by "Economy News", that "under the guidance of Prime Minister Mohammed Shia Al-Sudani and under the direct supervision of Transport Minister Razzaq Muhaibis, the company began today in the fourth station to activate mass transport in a number of areas of Baghdad."

He added, "This line will start from the Bismayah area towards Jurf al-Naddaf and Diyala Bridge, then the Canal Road, then the Mashtal Intersection towards New Baghdad, and take the Mohammed al-Qasim highway through the Bab al-Sharqi intersection in central Baghdad, as well as the Nahda intersection, then Sheikh Omar and ending with Bab al-Mu'azzam and back again."

"This axis is the fourth out of 72 axes that will be activated successively on all provinces and areas of Baghdad province," he said, noting that "there is a plan to expand also towards other provinces."

"The next phase will be towards the most densely populated areas towards Sadr City and the torch area, as we have a plan in the coming weeks to start these lines," he said.

"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. 

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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