Iraq offers 100 investment opportunities in November, 17 SEPT

 The Investment Authority revealed the desire of Egyptian companies to enter as partners in the International Development Road project with the aim of establishing this vital corridor, while it will offer 100 investment opportunities at its forum scheduled to be held in early November.

 The Authority’s spokesperson, Hanan Jassim, said in a press statement that the Authority’s Chairman recently held an extensive meeting with a number of major Egyptian companies, during which they confirmed their desire to enter the local market on a large scale in order to employ Egyptian expertise in the fields of infrastructure, bridges, and electric power, in addition to building residential cities, as well as entering as a fourth partner in the International Development Road project with Turkey, Qatar, and the Emirates with the aim of establishing this vital corridor that shapes the future of the region’s economies for the next stage.

She added that the meeting witnessed an invitation to these companies to attend the investment forum that will be held early next November, during which 100 investment opportunities will be presented in all sectors.

She pointed out that the Authority has granted eight investment licenses in the housing, oil, gas, electricity and tourism sectors since the beginning of this year until now. 

Jassim explained that the residential projects included the Al-Ghazlani residential city in Mosul, covering an area of ​​4,700 dunums, as well as part of the Karbala City Banks project, covering an area of ​​100 dunums, in addition to a third project on another part of the Karbala City Banks project, covering an area of ​​1,400 dunums, in addition to the new Ali Al-Wardi City project in Baghdad, covering an area of ​​61 million square metres.

She added that the authority granted a special license in the electricity sector for a project to generate electricity through solar energy with a capacity of 1000 megawatts for a French company in Basra Governorate, as it is the first license of this kind within the government’s plan to diversify in the energy sector, in addition to other projects represented by the sustainable Baghdad forests in Rashid Camp, the Bani Omar gas field project in Basra Governorate, as well as another project to complete the axial weighing stations within the plan of the Ministry of Construction, Housing and Public Municipalities to protect bridges from large loads.

Jassim pointed out that the investment process in the country has taken a new pattern that will raise the level of services and urban development, noting that the amended Investment Law No. 13 of 2006 is attractive to investors due to the facilities it includes.    link

FIREFLY: "WE KNOW IT MEANS THAT THE REAL VALUE OF THE DINAR WILL SONN BE GIVEN TO US FOR OUR FOOD, TRANSPORTATION ETC" , 17 SEPT

  Frank26 

 [Iraq boots-on-the-ground report]  

FIREFLY:Television is telling us they are completing digitization at all of our ports.  We know it means that the real value of the dinar will soon be given to us for our food...transportation...housing...the whole world. 

 FRANK:  You see every day there's more and more exciting news being given to the Iraqi citizens and they all piece it together...When you see prices of your food...market... housing...cars, start to change, it's because they will introduce a new exchange rate very soon to you...

 FIREFLY:Mr Sammy [Iraqi bank manager friend] says we are in charge of our own money.  It's not being overseen by the US Treasury. 

 FRANK:  This is the most powerful thing I can share with you tonight...IMO when Alaq came back he told everybody there's no more sanctions on the banks of Iraq...That means your program rate does not exist anymore.  

FIREFLY:  Mr Sammy says they are running the new system...This new system will remain for the rest of the year...This monetary reform education phase we're in right now will last for this whole year... 

FRANK:  Mr. Sammy and I are on the same page.  The only difference is he's turning the page a little slower than I am.  I do not see this going into next year.  Actually it's impossible.  I see the monetary reform education...commercials...US Treasury revealing to you all sanctions have been release, which tells me we are extremely close...Mr Sammy...tells you it's coming at the end of the year or beginning, I tell you it's now..

US TREASURY APPLAUDS IRAQ'S BANKING REFORMS!!

 

https://youtube.com/shorts/6M7vhT4-1DY?si=DanyC_bw5Q-w-lU0

@DINARREVALUATION

A Kurdish delegation arrives in Baghdad to discuss the salary file and retirees, 17 SEPT

 Shafak News / Our correspondent reported that a Kurdish delegation from the Ministry of Finance in the Kurdistan Region arrived in Baghdad on Monday.

The delegation, which consists of officials from Kurdistan Finance, will hold meetings with the concerned authorities in the Federal Ministry of Finance, explained that the delegation, which consists of officials from the Kurdistan Finance.

He pointed out that the talks will focus on issues related to the salaries of employees and retirees, in addition to discussing the application of the federal pension law.

Two days ago, the head of the Finance Committee in the Iraqi Parliament, Atwan Al-Atwani, informed Shafaq News Agency that a delegation from the committee will visit the Kurdistan Region next week to see the latest developments regarding the distribution of monthly salaries for employees and public sector workers in the region.

The Economic Council of the Federal Government visited the city of Erbil on Sunday last week and discussed several financial issues with the Kurdistan Regional Government, including the settlement of the issue of monthly salaries of employees in the region.

Minister of Finance Taif Sami, one of the members of the Council, said that the joint meeting between the delegation of the Ministerial Council of Economy with the Economic Council of the Kurdistan Region discussed the joint financial files, to reach solutions to the financial issues related to the two parties.

The minister stated at the time that “the talks are taking place within the framework of government efforts aimed at strengthening cooperation between the federal government and the Kurdistan Region, and the common financial files such as the salaries of the region’s employees, the regional budget and the border ports, in addition to the coordination of customs and fiscal policies, are among the most important issues affecting the stability of the Iraqi economy.”

The Minister of Finance said, according to the statement, that “the talks represent a historic opportunity to achieve financial reconciliation between the federal government and the Kurdistan Region,” stressing “the importance of strengthening financial cooperation between the two parties and reaching sustainable solutions to outstanding financial issues.”

She pointed out that “at the same time, agreeing on a fair mechanism for the distribution of oil revenues and border ports will contribute to strengthening confidence and economic stability in the country.”

https://shafaq.com/ar

LATEST FROM MILITIAMAN, 17 SEPT

 Militia Man  

The development Road Project is opening up Iraq to the region and into the international world.  The private sector is going to be the main driving force...They're going to have to expose an exchange rate at some point in time, sooner than later.  I'm going to go with sooner.

 They're talking about Iraq as going global and to the international financial system.

  With that has responsibility and that responsibility will be defended by the central bank.  That responsibility is to have a stable exchange rate and to provide commerce throughout the country in and out and across borders, with efficiency and transparency.   That's what they're going to have and that's what they're doing.  There's looking to be no stopping it.   It's brilliant.

  The news out of late is completely off the charts and it points to I believe international.  Internationalism is where Iraq is headed.  I don't believe for a minute they're going to stop until they complete it...

DINAR RV HIGHLIGHTS, 17 SEPT

https://youtube.com/shorts/IazM28x4AsU?si=e6boii7iMt7E0uTT

 @DINARREVALUATION

Oil Products: A move to generalize payment by electronic card in all governorates, 17 SEPT

 Economy News – Baghdad

The Oil Products Distribution Company confirmed, on Monday, that electronic payment constitutes 65% of the company’s revenues, indicating the intention to generalize it in all governorates.

The Director General of the Oil Products Distribution Company, Hussein Talib, said in a statement reported by the official news agency, and reviewed by “Al-Eqtisad News”, that “electronic payment is one of the pillars of the government program, and the Oil Products Distribution Company played a role in it by using it to fill fuel and purchase its products by citizens.”

He added, “Work is continuing to enhance the electronic payment file by adding full automation to the distribution sector.”

He continued, “The Oil Products Distribution Company is the first government company to initiate electronic payment, as it began the trial operation of electronic payment in 2023, and once it was completed, it was launched in all governorates.”

He revealed that “electronic payment revenues for last August amounted to 615 billion dinars out of a trillion of total sales, and with these figures, electronic payment constitutes 65% of the revenues of the Oil Products Distribution Company.”

He pointed out that “electronic payment for fuel purchases has been implemented in Baghdad and we are moving towards generalizing it in the rest of the governorates, starting with Nineveh, and we are determined by the end of this year to complete our drawn-up plans by equipping all fuel filling stations with electronic payment devices and ending cash transactions.”

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