Transportation: IFC International put forward three options on Baghdad International Airport, 10 JUNE

Transportation: IFC International put forward three options on Baghdad International Airport

Economy News – Baghdad

The Ministry of Transport announced on Saturday that the study presented by the International Finance Corporation (IFC), on Baghdad International Airport, includes three options.

The ministry said, in a statement, seen by “Economy News”, that “the IFC Finance Corporation presented a (investment) brochure, which includes a proposal to develop and qualify Baghdad International Airport and offer it as an investment opportunity for specialized international companies.”

She added that “the institution proposed, during the meeting, three options: the first, the rehabilitation of the current airport, the second is the construction of a new airport, and the third included the integration of the first and second options, which the government went towards.”

She stressed that “it is planning to refer the airport project to investment at the end of this year,” noting that “the IFC will help the Iraqi government in selecting the best international companies to implement the project.”

She pointed out that “the General Company for Airports Management and Air Navigation is a partner in the process of rehabilitating the airport’s infrastructure.”

She pointed out that “the technical and economic feasibility of qualifying the airport aims to absorb the annual increase in the number of passengers witnessed by the airport, which recently reached 15.7%, as the number of passengers reached 3.4 million passengers in 2024, and it is hoped that this percentage will increase to the highest level in the coming years, which in turn will contribute to lifting the European ban on Iraqi aviation. ”

The statement revealed, “plans (lFC), which include the construction of a new passenger lounge that accommodates the expected increase in air traffic until 2036, so that the capacity of Baghdad International Airport will be 8.5 to 9 million passengers annually.”

https://economy-news.net/content.php?id=44119

"ABOUT MANY SYSTEMS ARE HAVING ISSUES TODAY.." FROM GINGER TELEGRAM ROOM, 10 JUNE

  Meaningful conversation in GLL Chat regarding incoming "Scare Event". Meri17, Liberty Lounger Extraordinaire sets the stage: 6.7.24  💥👀💥⬇️

💢Meri: Scare event appears to finally be incoming. 

We’ve said on many occasions that most won’t recognize it when it starts and this is seriously freaking people out. 

If you look around, many systems are having issues today, from internet and cell service to delivery services and flights. 

Things do appear to be in motion or very close👇👇👇

💢Kelli: BIG US Bank issue right now. AI has taken over the bank by internally overwriting internal loops and has locked out all permissions for anyone to unlock. Now they are afraid that money transfers are going to carry the AI to other banks like a virus.

One of our friends has a wife who is high up in US Bank. They took all their money out this morning and everybody is being asked not to do electronic transfers of funds.

🚨 Another story caught our attention: 

💢TonyaK: My husband is at the bank now. His payroll check and others from the EACS District are still in a pending status.

 The payroll is always deposited on Thursday. They are not wanting to release his money. He also has a huge check that was deposited nearly two weeks ago from the sale of a house and they show the money in his account but are refusing to release it.  Something is going on.

Iraqi Dinar 🔥It's Massive $28.50 🔥Al Sudani & CBI Governor Big Announcem...

Iraq participates in the 27th St. Petersburg International Economic Forum. 10 JUNE

Iraq participates in the 27th St. Petersburg International Economic Forum

Economy News – Baghdad

The Foreign Ministry announced on Sunday participation in the 27th St. Petersburg International Economic Forum.

The ministry said in a statement, seen by “Economy News”, that “a delegation from the Ministry of Foreign Affairs and the Embassy of the Republic of Iraq to the Russian Federation and a delegation from the Kurdistan Regional Government of Iraq participated in the 27th St. Petersburg International Economic Forum held in the Russian city of St. Petersburg for the period 5-2024/6/8.”

“More than 17,000 participants from more than 136 countries, heads of state and government, ministers, government officials, ambassadors and politicians from 45 countries attended the forum, and Russian President Vladimir Putin also participated in the plenary session of the forum,” she added.

She added that “during the meetings, they discussed the economic challenges facing the world and how to find sustainable solutions in light of the current global transformations, and discussed cooperation in the field of international transport, as well as cooperation in the field of artificial intelligence and digital technology and finding common approaches to the development of education in line with the technological development in the world.”

https://economy-news.net/content.php?id=44165

"LATEST FROM FRANK26: FROM GINGER TELEGRAM ROOM, 10 JUNE

 💢 Latest from Frank 26 - Iraq IQD NEWS 🗞️ 6.8.24 

💢Frank26: Al-Alak, the governor of the Central Bank of Iraq, spoke to the Iraqi citizens today, including members of the IMF, AMF, WB, that Iraq was successful in the monetary reforms and that the Iraqi Dinar will return to the glory days, and even surpass them! 

They also showed the citizens the first video of the success of the work they have been doing! Eddie said it was an amazing video, and the guest speakers spoke for a long time about their successes!

This is huge people! They are talking about a massive new exchange rate! Surpassing the prior rate of $3.22! Remain calm but pray your hearts out that this comes to fruition in a reasonable timeframe! Praise our Heavenly Father for this blessing! All IMO of course!✌🏼

Iraqi Dinar WOW It's Huge IQD Update Today/ IQD RV/ Iraqi Dinar News Tod...

Association of Private Banks: Iraq witnessed a major revolution and widespread change in electronic payment tools, 10 JUNE

  Association of Private Banks: Iraq witnessed a major revolution and widespread change in electronic payment tools

The Iraqi Private Banks Association confirmed today, Sunday, that Iraq has witnessed a major revolution and a wide change in the level of use of electronic payment tools since 2023, while indicating a significant increase in the size and number of electronic payment operations.

The Executive Director of the Iraqi Private Banks Association, Ali Tariq, told the Iraqi News Agency (INA): “The Iraqi Private Banks Association Foundation and the Iraqi banking sector are fully prepared to cooperate within the directions of the Central Bank of Iraq, which are greatly supported by government directions, especially after the recent visit to the United States.” The American efforts resulted in framing the process of working to solve the problems related to preventing the use of the dollar for a group of Iraqi banks.”

Tariq added, “The role of the Association of Private Banks believes in implementing these trends related to amending work mechanisms, using modern technical tools, and reviewing previous accounts,” stressing that “the Association will be very supportive of these trends.”

He pointed out that "the Association of Private Banks hopes for the return of banks that can meet the above requirements," pointing out that "the issue that occurred on the private banking sector had negative effects," adding that "the general trends and the banks' directions must be to repair the damage that occurred in the stage." previous".

He stressed that "Iraq has witnessed a major revolution and a wide change since the previous year until now in the level of use of electronic payment tools, which the government has approved the adoption of electronic payment in government or private institutions," noting that "Iraq has also witnessed a significant increase in the volume of operations and the number of operations related to electronic payment, In addition to an increase in the number of bank cards, and doubling the number of electronic payment points ( pos ), therefore there is a big change.”

He stressed that "the current year will witness significant and tangible change by the citizen."

Tariq pointed out that "the institution seeks as much as possible to strengthen relations between electronic payment companies and banks on the one hand and between government institutions and the Central Bank of Iraq on the other hand, in addition to educating the community on the continuous use of electronic payment tools  link