The Kuwaiti telecommunications company Zajil, revealed that its “Fiber” network had been delivered to the borders of the two countries with Iraq.
The advisor to the company’s board of directors, Engineer Walid Saleh Al-Qallaf, told “Al-Sabah”: “The company is currently working on connecting from Kuwait to Al-Faw directly,” indicating “the operation of the Safwan port, which will be followed by the operation of the Al-Faw port, so that Iraq will be a major corridor for passing the network, not only in the Gulf.” But for the countries of East Asia, it will be synonymous with the Egyptian corridor.”
He added, "The Iraqi corridor needs full encouragement and government support to make it successful, as it is necessary and fundamental to the completion of these projects," noting that "Iraq has become the focus of attention of countries and major international companies due to the incidents that took place in the Red Sea and the fear of the cessation of communications through this corridor."
Al-Qallaf stated that “the incidents that took place in the Red Sea are a warning bell to search for a backup corridor for the Suez Canal, as heading towards Iraq was to be a successful corridor for these projects.” link
💢A conversation with a follower about Redemption Centers. Q & A - my response follows:
🔹Q: What redemption centers?
I keep hearing redemption centers but no info on them!!
How are we getting called to make appointments when we don't even know who and where they are!!
This extremely frustrating for your followers!
Please break this down for us!!!
If you can't, then stop discussing it as an option.
(The use of exclamation points is not to be missed, here. 😏) ⬆️
🔹A: First, respectfully, don't take that tone with me. Kapeesh? Just don't.
How long have you been following here?
A few days? A couple of weeks? How regularly do you check the channel?? BECAUSE I TEACH ON THIS STUFF ON THE REGULAR. I have teaching calls recorded for those new here to catch up on as well. I've got plenty of information that people can avail themselves to if you care to look and actually do some work. (Yes, I understand that *scrolling* can be very tedious for some.) Pardon the sarcasm but I just don't take kindly to a pissy tone. Most people don't, ya know - so you might want to keep that in mind. 😏
I've posted how to request notification at least 50+ times 🤦 ::::deep sigh::::
You don't and won't know where they are until after the RV happens when it's time to set up your appointment. You'll be given a phone number to call to a redemption center closest to you.
Some top Tier banks will have a private client office (upstairs) away from prying eyes of other clients / other employees which has been set up as a RC where speculators in this event can redeem Zim and exchange their foreign currency with increased anonymity.
There will also likely, plausibly, be a Redemption Center office area located on some military bases, which is beneficial for heightened security to keep the speculators safe.
These are kept secret for the time being and not to be disclosed (yet), plus there are at least 7000 + RC in just the USA alone - so no, I'm not going to tell my followers the locations, as your comment suggests it's my obligation to do so. Give me a break. 🤦 You can count on major Top Tier 1 & 2 banks having an internal RC private client office area set up for security, and obviously, that will be in every major city, plus other good-sized cities. Those who live in small towns or rural areas may have to drive about 50 to 80 miles to reach a Redemption Center closest to them.
Please, going forward, when asking questions on this channel, please have some decorum and polite civility. I work tirelessly to support the family here, more hours a day then you could even fathom, on top of working my full-time job. Be kind. Show some respect, please. Avail yourself to the gobs of resources and teaching material I've provided. Everything I typed above, I've said before - in teaching posts and in recorded calls that have been archived for easier access.
Welcome everybody to the big call tonight. It's Tuesday, June 11th and you're listening to the big call. Thanks, everybody. I’d like to welcome everybody to the big call from wherever you're located. And of course, like to thank the SAT team for keeping up with and monitoring using the Starlink satellite system monitoring our listeners, which at last count we thought were about 25 million. That was in close to 200 or so countries -
So let’s see what the numbers are coming out today - the main thing is we're welcoming everybody to the big call - Glad you guys could make it - and I'm excited about fact that we're getting out, reaching a lot of people and trying to do the best we can by putting our information to them
So Bob what's our time hack, Bob? It's 10:05, . Okay, good 10:05. Let’s do this - intel segment is relatively short tonight, things are very quiet and have been for days, and realize we haven't had a call since Thursday night, so that's five days ago, but I can tell you, we have two sources saying that we expect notifications either - Well, it was either today or tomorrow, they haven't come in today.
That puts tomorrow in position right now. And the other piece that we got was from a bond - well banker who's got connections to the bondholders and the bond pay masters - He said bondholders should be receiving their emails tomorrow.
Well, typically, if the bondholders get their emails tomorrow, we should get our emails tomorrow as well. That is theory of the shotgun start. They could be a little bit ahead of us, but overall, I don't believe that's going to be the case. I think they're right there. I think this thing is very close to coming out.
They really don’t want us to know when it's going to come out. But if bondholders get notified tomorrow, we should also get notified tomorrow, and then all we do is set appointments and start our exchanges tomorrow or Thursday.
So not a whole lot of Intel. I know that everybody's curious as to when our start is, obviously, I'm curious about it as well, but when things tend to be this quiet, this quiet out there, usually we could say it's it's ready to go, being quiet for a reason, and we can take advantage of that. It's not much, but we don't need a whole lot we just need a start, and I think this is what we are looking at
Obviously we're very close. Hopefully this thing we get notified tomorrow, we'll see what that looks like, and everything's just moving behind the scenes - . So I can tell you that the so called pickup is going gangbusters right now - There's a lot happening behind the scenes – to remove people basically been in the way of this for a long time – they are getting picked up right and left now.
So without detail on that, I feel like you're getting what you need to get right now. Obviously we're looking forward to this going so thank you guys for listening tonight. I appreciate it. And before we turn off the recording, let's go ahead and start and pray ourselves out. Okay? Good.
IRAQ’S FINANCIAL REVENUES EXCEED 42 TRILLION DINARS WITHIN 4 MONTHS
The Iraqi Ministry of Finance revealed, on Monday, that the volume of revenues in the federal budget during four months exceeded 42 trillion dinars, confirming that the oil contribution to the budget remains at about 89%.
(oil revenue down from 95% in last report…😊)
Shafaq News Agency followed the data and tables issued by the Ministry of Finance this month, for the accounts of the months of January, February, March, and April for the current fiscal year, which showed that oil is still the main resource for Iraq’s general budget, as it reached 89%, which indicates that the rentier economy is the basis of the country’s general budget.
The financial tables indicated that the total revenues in the aforementioned four months amounted to 42 trillion and 725 billion and 409 million and 202 thousand and 38 dinars, and that the total expenditures with advances amounted to three trillion and 678 billion and 245 million and 511 thousand dinars.
According to the financial tables, oil revenues amounted to 38 trillion, 3 billion, 728 million, and 183 thousand dinars, which constitute 89% of the general budget, while non-oil revenues amounted to four trillion, 698 billion, 785 million, and 9 thousand dinars.
For his part, economic expert Muhammad al-Hassani told Shafaq News Agency, “Oil prices are subject to global fluctuations,” stressing that “the Iraqi government must take advantage of the financial abundance in the budget by developing the economic and agricultural sectors to reduce dependence on oil.”
He added, “Corruption and bureaucracy overwhelm most aspects of government institutions and prevent any economic development taking place in Iraq,” warning against “not diversifying the Iraqi economy as quickly as possible, which will make the Iraqi state unable to even pay the salaries of its employees in the near future.”
The Prime Minister’s Advisor for Financial Affairs, Mazhar Muhammad Salih, confirmed in March 2021 in an interview with Shafaq News Agency, that the reasons for the Iraqi economy remaining rentier are due to the wars and the imposition of the economic blockade on the country during the past era and the political conflicts we are witnessing today, which led to… dispersal of economic resources.
The Iraqi state’s continued reliance on oil as the sole source of the general budget is a source of danger in the global crises that occur from time to time as oil prices are affected by them, which makes the country tend every time to cover the deficit through borrowing from abroad or within, and thus indicates an inability to manage… Effectively using state funds, and the inability to find alternative financing solutions.
The Iraqi Securities Commission signed, today, Wednesday, the Agreement on the Guide to Environmental, Social and Corporate Governance with the International Finance Corporation (IFC) (a World Bank organization).
The Authority said in a statement received by {Al-Furat News} a copy of it, that: “The objective of the agreement is to promote and develop the investment environment in Iraq by improving regulations, environmental, social and governance frameworks to comply with international standards, enhancing the ability to implement and supervise its implementation in Iraq and contribute to increasing investment attractiveness in the Iraq stock market environment.”
She added, “To achieve this goal, coordination will be done with the Iraq Stock Exchange through the supervision of the Iraqi Securities Commission to develop the guide to environmental, social and corporate governance to support the improvement of the performance of listed companies, and put Iraq on the path towards a strong and sustainable economy, as the agreement included reaching a mandatory guide to apply to companies listed on the Iraq Stock Exchange.”
The head of the Commission, Faisal Al-Haims, said, “The preparation of a guide to social and environmental governance and corporate governance through a partnership with the International Finance Corporation improves the Iraqi investment environment by adopting international standards that evolve from the current investment environment in the Iraq Stock Exchange. Following the framework of environmental and social governance and corporate governance makes companies listed on the Iraq Stock Exchange more transparent and better performing, and be more attractive to foreign investments.”
He pointed out that “the topic of environmental and social governance and corporate governance will be a focus of the national strategy for investment awareness and support for the investment culture that the Authority is working on and will be announced in October 1 of this year.”
For his part, Aftab Ahmed, Regional Director of the International Finance Corporation for the Middle East, Pakistan and Afghanistan, said, “We are excited to partner with the Iraqi Securities Commission in this important initiative that aims to help companies and banks mitigate the risks of environmental, social and governance practices, improve long-term performance sustainably, as well as attract investment, and contribute to the sustainable growth of the stock market in Iraq.”
He pointed out that “during the process of preparing the manual, there will be workshops and meetings with relevant parties such as listed companies and brokerage companies.”
The Iraqi Securities Commission, as the regulator and monitoring stock activity and associated financial activities and services, seeks to increase the contribution of this sector to GDP and provide an investment environment that protects the rights of investors and other stakeholders.