Tuesday, August 13, 2024
"I SUGGESTED TO PAY ATTENTION TO THE ISX... SO DOES EGYPT. BY FRANK26, 13 AUGUST
KTFA
FRANK26:"I SUGGESTED TO PAY ATTENTION TO THE ISX... SO DOES EGYPT.".............F26
Signing a cooperation protocol between the Iraqi and Egyptian stock exchanges...aims at this matter
8/12/2024
Today, Monday, the Chairman of the Board of Governors of the Iraq Stock Exchange, Thaer Adnan Hashem, signed a cooperation protocol to enhance joint work with the Egyptian Stock Exchange management.
The media office of the Iraq Stock Exchange stated in a statement received by "Al-Eqtisad News" that "the Chairman of the Board of Directors of the Egyptian Stock Exchange, Ahmed Al-Sheikh, signed a cooperation protocol between the stock exchanges of the two countries with Thaer Adnan Hashem, Chairman of the Board of Governors of the Iraq Stock Exchange (Iraqi Stock Exchange), in the presence of Faisal Al-Haimus, Chairman of the Iraqi Securities Commission, and Hiba Al-Sayrafi, Vice Chairman of the Egyptian Stock Exchange."
He added that "the protocol aims to strengthen cooperation ties and raise the level of coordination between the two parties, increase prospects for joint work and exchange of expertise and information in all aspects of investment and develop existing legislative procedures for both parties, in addition to working to increase investment awareness and attract mutual investments between the two countries and direct savings towards investment in securities, as well as support the transition to the digital economy to increase the competitive capabilities of both stock exchanges."
In turn, the Chairman of the Egyptian Stock Exchange, Ahmed El Sheikh, confirmed that "the protocol aims to develop joint cooperation between the two parties and exchange expertise and information regarding updating legislation, regulations, procedures, work programs and methodologies related to trading in securities, as well as exchanging periodic and annual bulletins issued by both stock exchanges, as well as exchanging periodic information related to companies registered and traded in the two markets."
He added: "We are working to provide the basic information that investors in both countries need to increase mutual investments in the two stock markets."
He pointed out that "the two parties will discuss mechanisms to support and diversify the financial products available to investors and increase liquidity in both markets," stressing that "the two parties will work to encourage capacity building and training between brokerage firms and companies listed on the two stock exchanges in a way that serves the achievement of the goals of spreading awareness and exchanging expertise."
He explained that "signing this protocol comes within the framework of implementing Article (58) of the Egyptian Stock Exchange's development strategy, which falls under the sixth axis related to "promoting and spreading financial culture, training and international relations."
In this context, Faisal Al-Haimus, Chairman of the Iraqi Securities Commission, stressed that “signing this protocol represents a vital step towards deepening cooperation between the stock markets in Iraq and Egypt, which reflects our common keenness to strengthen economic relations between the two countries,” noting that “this agreement does not only aim to exchange expertise and information, but also seeks to develop the infrastructure of the financial markets in both countries by adopting the latest technologies and applying the best international practices.”
Al-Haimas added: “We realize that financial markets represent the cornerstone of developing the national economy, and therefore strengthening the partnership between the two markets will directly contribute to achieving sustainable economic growth and attracting foreign investments. We also believe that this protocol will open new horizons for cooperation in various fields, such as financial innovation and the development of new financial products, which will help enhance the competitiveness of both markets.”
Al-Haimas stressed the “commitment of the Securities Commission to provide full support for the success of this cooperation, noting that the Commission will work to provide the appropriate regulatory environment to implement the provisions of the protocol effectively,” expressing his “confidence that this cooperation will enhance the efficiency of the two markets, and increase levels of transparency and disclosure, which will enhance investor confidence and contribute to achieving the goals of joint economic development.”
For his part, Thaer Adnan Hashim, Chairman of the Board of Governors of the Iraq Stock Exchange (Iraqi Stock Exchange), stated: “The signing of this protocol, which was sponsored by the Chairman of the Securities Commission / Faisal Al-Haims, is an important step towards enhancing joint cooperation between Iraq and Egypt in the field of securities markets, as this agreement aims to exchange expertise and information between the two markets, especially with regard to updating the legislation, regulations and procedures related to securities trading.”
He explained that "this protocol is an opportunity to develop the infrastructure of financial markets, increase investment awareness, and attract mutual investments between the two countries. We will also work to support the transition to the digital economy, enhance the competitive capabilities of both stock exchanges, and encourage capacity building and training between brokerage firms and listed companies."
LATEST FROM JEFF, 13 AUGUST
Jeff
The Supreme Judicial Council has decided it's time for the current central bank governor to retire. Remember this is his second term. During his first term back in the year of 2018 that's when he printed the new lower smaller category denominations notes with his signature on them. The only reason they put him back in for a second term was to commission the rate change. Now they're saying he's going to be forced into retirement. No retirement date has been provided.
Jeff
The news is now really starting to ramp up. Critical steps are coming forward...They're going to fall into place like clockwork. August through September is going to be the most critical period in this investment that we've ever witnessed.
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Jeff
Iraq just competed their 5 year development plan...That's basically the reform plan... They completed the reform plan, that's a required step for their accession to the World Trade.
Jeff
They haven't implement their budget yet because they're waiting for the rate to change. Everything in Iraq...the budget, the laws, the overturning the budget, everything out there is being stalled and delayed to be timed with the rate change.
Article: "Four counties meet in Baghdad to support the development road project"
...You have to look at their timing. They finished the 5-year development plan around the end of July walking into the beginning of August. Why? Timing. They're about to revalue. Their actions strongly suggest to me personally IMO I really feel they're going to be revaluing in August.
https://dinarevaluation.blogspot.com/2024/08/rv-update-by-jeff-2-august.html
"JOBS ARE ABOUT TO EXPLODE IN IRAQ FOR THEIR CITIZENS!!!" BY FRANK26, 13 AUGUST
KTFA
FRANK26: "JOBS ARE ABOUT TO EXPLODE IN IRAQ FOR THEIR CITIZENS!!!"...........F26
It will provide 5 thousand job opportunities.. 3 central markets will soon open in Baghdad
8/12/2024
The Ministry of Trade announced today, Monday, the imminent opening of 3 central markets in the capital, Baghdad, after their rehabilitation work reached advanced completion rates, confirming the provision of no less than 5,000 job opportunities in each central market.
The Director General of the Central Markets Company at the Ministry, Zahra Al-Kilani, said that “the construction, electrical and mechanical works in the central Al-Amel Market and Al-Salihiya Market are nearing completion, and we are awaiting the arrival of the goods that will be displayed in these markets, followed by the opening of the central Al-Shaab Market,” stressing that “work in the central markets has reached advanced stages.”
She added, "The company focused on rehabilitating the central markets in Baghdad Governorate as the capital, after which it will move to the governorates, including Nineveh, Kirkuk, Najaf, Diwaniyah, Maysan and Basra."
She explained that "the Iraqi constitution urged the open market, as well as the federal budget laws that were issued after that, which urged participation with the private sector, which is a global system, so the company concluded partnership contracts with companies specialized in the field of central market activity."
She pointed out that "the statistical studies and economic tables prepared by the company in cooperation with accredited consulting offices indicate that each market will accommodate no less than 5,000 job opportunities for young people, distributed among workers, administrators, and accountants, in addition to other jobs."
She pointed out that "there are marketing exhibitions in the governorates of Diyala, Muthanna and Karbala to sell electrical and electronic devices, and the payment method is in cash or in installments."
She noted that "the company's branch building in Babylon Governorate has been transformed into a free market, and is awaiting the issuance of a customs decision from the General Authority of Customs, so that the market can begin its work and enter commercial operation."
MILITARY MOVEMENT -USA TO IRAQ- BY GINGER, 13 AUGUST
💢PART 1/2 -- MEUSOC Unit is headed to Iraq 8.12.24.
·2500 Marines, plus accompanying NAVY vessels.
·Over 4500 personnel plus accompanying ships.
·Things are getting intense.
💢Marine Special Operations Capable. Marine Special Forces ⬇️
Tier 2 are SEALS, (NAVY), MARSOC, (MARINES), SPECIAL FORCES (ARMY), 75TH Ranger (ARMY)
~ Ginger's Liberty Lounge
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PART 2/2 -- Military Movement - USA to Iraq. 8.12.24
➡️ I urge you to please pray for all our military personnel heading into harm's way. 🙏🏻🫡
💢A Deeper Look: ➡️ Marine expeditionary unit (special operations capable) (MEU(SOC)) is a program created by the United States Marine Corps (USMC) and the United States Navy (USN) in 1985 for Marine expeditionary units (MEU).[1][2] The program enhances MEUs providing them with additional training and equipment to become certified as special operations capable with a Maritime Special Purpose Force (MSPF). The designation special operations capable is unique to the Marine Corps and means in relation to special operations. The role of a MEU(SOC) however is not equivalent to the special operations role of special operations forces. Although considered special operations capable a MEU(SOC) does not form part of the United States Special Operations Command (USSOCOM) established in 1987 or the United States Marine Forces Special Operations Command (MARSOC) later established in 2006
In 2023, the 26th MEU became the first MEU to be certified as MEU(SOC) in over a decade.[3]
The theory behind the MEU(SOC) is to provide continuous and perpetual maritime & amphibious force projection. Such units are expected to be able to respond to a variety of crises, most notably incidents that conventional units may not be able to properly handle. A MEU(SOC) is also expected to be capable of providing various forms of security or a military presence to any region worldwide, within 24–72 hours of receiving orders. Such crises may range from natural disasters to civil or national discord, or total invasion of forces into a hostile area. The term "special operations" in the Non-SOF context, therefore, refers to special taskings of limited duration in support of a combat commander.[4] These operations include:
Amphibious raids
Non-combatant evacuation operations (NEO)
Security operations
Tactical recovery of aircraft and personnel (TRAP)
Direct action
Humanitarian/civic assistance[4]
Therefore, "the primary objective of the MEU(SOC)...is to provide the theater CINC's with an effective means of dealing with the uncertainties of future threats, providing a forward deployed unit that is inherently balanced, sustainable, flexible, responsive, expandable and credible."[4] https://en.wikipedia.org/wiki/Marine_expeditionary_unit_(special_operations_capable)