NADER FROM MID EAST: Update: Iraq Starting to Import More Oil to United Arab Emirates (UAE)

Iraq Signs An Agreement With "IFC" To Develop The Stock Market, 13 JUNE

 Iraq Signs An Agreement With "IFC" To Develop The Stock Market

 Money  and business  Economy News – Baghdad  On Wednesday, the Securities Commission announced the signing of an agreement with the International Finance Corporation to develop the securities market, indicating that this agreement will bring investments and achieve sustainable development.

The head of the authority, Faisal Al-Haims, said in a statement reported by the official news agency, and seen by Al-Iqtisad News, that “the authority signed an agreement to develop the work of the Iraq Stock Exchange after discussions with the International Finance Corporation IFC,” indicating that “the agreement is advisory related to corporate governance and best practices.” Required by companies listed on the Iraq Stock Exchange.

He added, "This contract will be reflected on the Iraqi stock market at the international level, bringing investments and achieving sustainable development according to the plan of Prime Minister Muhammad Shiaa Al-Sudani."

He pointed out that "the project is the first cooperation between the Securities Commission and the International Finance Corporation," stressing that "there are other projects with them in the future."

For her part, Amira Ajaj, responsible for corporate governance and environmental and social standards programs in the Middle East region of the International Finance Corporation, affiliated with the World Bank, expressed her “pleasure with the signing of the agreement in a way that guarantees the authority the use of international expertise from the International Finance Corporation (IFC), affiliated with the World Bank.”

She continued, "The agreement will establish regulatory frameworks for practicing governance for environmental and social standards, which will reflect positively on the listed companies in terms of improved performance and sustainability, and will put Iraq on the path to further development and progress."   Views 46   06/12/2024 - https://economy-news.net/content.php?id=44261

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Evening News with MarkZ. 06/12/2024

Wednesday Evening News with MarkZ 

Some highlights by PDK-Not verbatim

MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context.  Be sure to consult a professional for any financial decisions

Member: Good Wednesday evening to all. 

Member: So what do you know today Mark???

MZ: Bond folks are still sitting with bated breath waiting for dollars. It’s been quiet today. But there are wonderful distractions in the news…..

Member: Since bonds have been moving shouldn't CMKM be going now????

Member: Guess we are waiting with bated breath for that as well. 

MZ: I did have one bank story ….From a member: “This afternoon I had a good conversation over the phone with a wealth management person regarding the redemption of currencies. I told him what types of currencies I had …Evidently he is heavily involved and travels to various locations. Today he was in Utah …and he goes to Reno frequently. This is a major wealth management company. He is very aware of the revaluation of currencies. He is going to schedule a meeting in Reno along with some wealth managers from their company for people who are exchanging. 

Member: I heard a rumor that the PM of Iraq has announced that Iraq has revalued their currency and the rate is over $4.00.

Member: The Parliamentary Finance Committee Wed request budget be redone before publishing in the Gazette. Errors in the numbers. The publication will be postponed until after Eid Holiday.

MZ: I am still hearing the budget tables should be in the Saturday Gazette. We shall see. I heard this right from someone in Iraq today. ----

MZ: We don’t need that though because Sudani told us that everything is now in the hands of the CBI…..he was talking to Alaq at that time….so it’s the CBI ‘s job to change the rate. 

Member: I saw that Iraq has holidays coming up. Would this slow them down releasing the rates? 

MZ: Everytime we have looked in the past we saw Kuwait revalued during Ramadan….Iraq revalued in the early 70’s during a holiday. I wouldn’t be too worried about those things. 

MZ: “ United Arab Emerits ADMOC resells Iraqi oil in global markets” They are doing the refining of Iraqi oil which means more sales for Iraq. This is another revenue stream for Iraq. 

Member: I was sure hoping Saudi Arabia not using the petrodollar would trigger the reset

Member: The petro dollar’s supposed demise is like the plot of a suspense novel—just when you think you’ve figured it out, there’s a new twist that makes you rethink everything!

Member: The petro dollar's demise is like the fall of a financial titan—once powerful, now facing challengers and questioning its relevance in a changing world.

Member: The petro dollar's demise is like a bad soap opera plot twist—everyone saw it coming, yet somehow it still manages to drag on, leaving us wondering if it'll ever truly end

Member: I got a call out of the blue today from my bank pushing savings accounts and wanting me to talk to wealth manager.

​​Member: BREAKING: Massive 'out of control' fire reported at an oil refinery fire near Erbil, Iraq. Multiple people injured –

Membr: Well we have been having the quiet……I am really ready for the “Suddenly”  Come on RV..

Member: TY MARK MODS AND FAMILY LOTS OF LOVE TO ALL

AFTER THE NEWS UPDATE WE WILL TAKE A SHORT BREAK AND JOIN MARK BACK AT 8:00 PM EST FOR WHISKEY & WISDOM

CBD Guru’s joined the stream tonight Please listen to the replay for his information. 

Odysee at: https://odysee.com/@theoriginalmarkz:e OR THE RUMBLE CHANNEL: https://rumble.com/user/theoriginalmarkz

Note from PDK: Please listen to the replay for all the details and entire stream….I do not transcribe political opinions, divisive social commentary,medical opinions or many guests on this stream……just RV/currency related topics.

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Mod:  MarkZ "Back To Basics" Pre-Recorded Call" for Newbies 10-19-2022 ) https://www.youtube.com/watch?v=37oILmAlptM

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THANK YOU ALL FOR JOINING. HAVE A BLESSED NIGHT! SEE YOU ALL IN THE MORNING FOR COFFEE @ 10:00 AM EST ~ UNLESS BREAKING NEWS HAPPENS!

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Iraqi PM discusses bilateral relations with Iranian Ambassador, 13 JUNE

Iraqi PM discusses bilateral relations with Iranian Ambassador

Shafaq News / On Wednesday, Iraqi Prime Minister Mohammed Shia Al-Sudani received the Iranian Ambassador to Baghdad, Mohammad Kazem Al-Sadegh.

According to a statement by the PM’s media office, the meeting focused on the shared relations between the two countries and the prospects for their development and enhancement in various fields, aiming to strengthen vital benefits and interests for both nations.

Prime Minister Al-Sudani emphasized the government's commitment to developing relations with the Islamic Republic of Iran and other regional countries. 

He highlighted the initiation of comprehensive economic and developmental projects that promote economic integration and enhance security and stability for all countries in the region, as per the statement.

"QFS CONVERSATION" WITH GOLDILOCKS, 13 JUNE

 GOLDILOCKS

"BASEL COMMITTEE MUST STOP GLOBAL BANKS FROM CONTINUING TO CHEAT ON KEY REGULATORY TESTS AND ENDANGERING FINANCIAL STABILITY"

These tests include examinations of the bank's capital adequacy, asset quality, management, earnings, liquidity, and sensitivity to systemic risk. 

The above sentence is otherwise known as stress tests. A stress test determines how well that a bank is capable of handling a liquidity crisis. 

The OCC and FDIC conduct several tests to measure a bank's capacity to withstand transitional periods like we are in at the present time. 

These tests are conducted to prevent crisis interventions and collapse situations that could become a contagion to other Banks. 

Tighter controls on the new digital banking system is not only expected, but it will determine the compliance level a bank has in their standing going forward. 

© Goldilocks

https://bettermarkets.org/newsroom/basel-committee-must-stop-global-banks-from-continuing-to-cheat-on-key-regulatory-tests-and-endangering-financial-stability/

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