Shafaq News/ Iraqi Prime Minister Mohammed Shia Al-Sudani inaugurated the Al-Dibis Gas Power Plant in Kirkuk Governorate via video conference, with a production capacity of 320 megawatts.
Previously, the General Company for Northern Power Production announced that the second unit of the plant had been commissioned and connected to the national grid. Work is also continuing on the first unit, with plans to increase the plant's total capacity to 320 from 160 megawatts.
Notably, the Al-Dibis gas plant is part of a contract signed by the previous Iraqi government with the United Nations under the Oil-for-Food Program, which was completed with the assistance of Iran's cyber company.
The Governor stated that "meetings will be held with the Federal Reserve and the U.S. Treasury Department at the end of August to review all aspects related to external transfer operations and discuss sanctions on certain banks."
He noted that "what was expressed in previous discussions and interpretations during the last meeting in Washington was not, in fact, the quarterly meeting, nor did we meet with the Federal Reserve.
Instead, we attended other meetings, including a visit to the U.S. Treasury Deputy Secretary, which was a routine encounter that addressed general matters and confirmed the Central Bank's success in leading its initiatives, including external transfers and the cash sale of dollars, which have also been developed to facilitate dollar access for travelers." https://ina.iq/eng/34044-ina-discusses-with-the-cbi-governor-the-files-on-exchange-rates-foreign-transfers-and-housing-initiatives.html
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Once again, for those who are skeptical, cynical, or just didn’t see it or believe it, here is proof the federal reserve is tucked into the Treasury Department. You can see by the wording and the seal changed as well from the Federal Reserve to the Treasury seal predominating. This will all come out publicly once President Trump returns optically.
Shafaq News/ Hadi Al-Salami, a member of Iraq's Integrity Committee, disclosed on Thursday that his committee has been investigating the prolonged appointment of Ali Al-Allaq as Governor of the Central Bank of Iraq (CBI) for over a year.
Al-Salami told Shafaq News Agency that the committee had repeatedly urged Prime Minister Mohammed Shia Al-Sudani to "terminate Al-Allaq's interim appointment due to numerous alleged violations," emphasizing that the government's agenda, as outlined by the Prime Minister during the formation of the government, mandates the termination of acting positions within six months. "Despite this, Al-Allaq continues to hold the position without any official action to end his appointment."
The Integrity Committee has referred several issues concerning CBI to the Integrity Commission and the Public Prosecutor. These issues include alleged mismanagement of exchange rates and concerns over substantial sums of money and benefits accruing to various Arab and foreign banks, including those from Jordan.
Al-Salami also revealed that the "Acting Speaker of the Parliament has agreed to host CBI's Governor in upcoming sessions," indicating that "numerous questions will be posed to Al-Allaq during this session."
In response, Al-Allaq stated to the Iraqi News Agency that meetings are scheduled with the Federal Reserve and the US Treasury Department at the end of August. "These discussions will focus on external transaction processes and the sanctions imposed on certain banks."
Al-Allaq defended his leadership, asserting that "the Central Bank has successfully managed external remittances and the sale of dollars."
Article: "PARLIAMENT RETURNS THE OIL AND GAS LAW TO THE GOVERNMENT: IT MUST ADD
PARAGRAPHS THAT KEEP PACE WITH GLOBAL DEVELOPMENTS" Quote: "the government must work on amending and adding new paragraphs to the law..." WOW! This is excellent news. This article shows us the Oil and Gas Law is actually farther ahead than the news has been telling us. It actually did reach parliament and the readings were conducted so far...
..what is actually occurring between the CBI, the Feds and the US Treasury. If you read the headlines today you might begin to panic...you might say things are looking really bad for Iraq. But I assure you that this is all actually VERY GOOD news for us investors... this recent move by the US Treasury was made for the benefit of the currency reform process so that they could move to the next step of the currency reform once these issues are fixed...
The US Central Command announced on Thursday the arrival of F-22 aircraft to the region as part of US reinforcements to confront threats from Iran and its proxies.
"F-22 aircraft have arrived in the region to mitigate the possibility of regional escalation," the US Central Command said.
The Middle East is bracing for a possible new wave of attacks by Iran and its allies following the assassination of the head of the political bureau of the Palestinian resistance movement (Hamas) in Tehran and a senior commander in the Lebanese Hezbollah group in Beirut, raising fears of a wider war in the Middle East.
US Secretary of State Antony Blinken said US officials were in contact with allies and partners in the region and that there was "unanimous agreement" that no party should take any actions that would escalate the situation. link