Director General Of Ports Announces Completion Of All Sections Of The Five Berths Project Within The Grand Faw Port, 1 OCT

 Director General Of Ports Announces Completion Of All Sections Of The Five Berths Project Within The Grand Faw Port

Monday 30 September 2024 14:15 | Economic Number of readings: 239  Basra / NINA / The Director General of the General Company for Iraqi Ports, Farhan Al-Fartousi, announced today, Monday, the completion of all sections of the project to build five berths within the project to establish a container terminal for the Grand Faw Port.

Al-Fartousi said: "The company implementing the Grand Faw Port project has completed all sections of the project to build five berths within the project to establish a container terminal in the port."

He explained that "the area of ​​the berths project is (167,000) m2, where the depth excavation of the berths facade was completed and reached a depth of (22.6) m, and it was fully furnished."

He added that "the amount of excavation in the berths facade amounted to (2,600,000) m3, where it was also fully furnished," indicating that "the number of pillars that were fully completed amounted to (1736) tubular pillars, while the weight of the rocks of different sizes used was (1,500,000) tons."

Al-Fartousi continued: "The number of connecting bridges reached (880) bridges, and the number of fully completed fenders reached (117) fenders, while the number of fully completed ship berths was (144) berths," noting that the yard was also completed to connect to the five docks. It is

noteworthy that the project to establish the container terminal for the Grand Faw Port, which is one of the five projects of the project, includes the construction of five giant docks to unload ships with a length of (1750) meters, and the construction of a container yard with a length of (1750) meters. / End

https://ninanews.com/Website/News/Details?key=1158748

" THEY MUST RV THE IRAQI DINAR ON TUESDAY" BY MIKE BARA, 1 OCT

 MIKE BARA

The latest from a good source:

 The Iraqi Supreme Court has told Sudani and former PM Nouri Al-Maliki that they will be arrested if they do not revalue the currency on Tuesday.

 On the flip side, a high source puts the chances of an RV tomorrow at 15%. 

"But it should be a good day for the bond people." Mike Bara Pets stream tomorrow at 9:30AM Pacific.

 If I have more news I will share it then. Sleep well.

DINARLAND UPDATE: EXCERPTS FROM TNT & BRUCE TODAY @DINARREVALUATION

Middle East Tensions Ignite Oil Prices In Global Markets , 1 OCT

 Middle East Tensions Ignite Oil Prices In Global Markets

Energy Economy News – Baghdad  Oil prices extended gains on Monday, supported by mounting concerns about potential supply pressures from Middle East producers after increased Israeli attacks on Iranian-backed forces in the region.

Brent crude futures for November delivery rose 51 cents, or 0.71 percent, to $72.49 a barrel by 0330 GMT.

Brent expires on Monday and the most active contract for December delivery rose 50 cents, or 0.7 percent, to $72.04.

U.S. West Texas Intermediate (WTI) crude futures rose 43 cents, or 0.63 percent, to $68.61 a barrel.

Prices were supported on Monday by the prospect of a widening conflict in the Middle East with Iran, a major producer and member of the Organization of the Petroleum Exporting Countries (OPEC), after Israel intensified its attacks on Hezbollah and Iranian-backed Houthi militias.

Later Monday, markets will be looking to hear from Federal Reserve Chairman Jerome Powell for clues on the pace of monetary policy easing. 131 views  09/30/2024 - https://economy-news.net/content.php?id=48150

TNT : " ALL WAITING ON THE GO", 1 OCT

 TNT 

GOOD AFTERNOON, TNT SUPERFANTASTIC FAMILY. TODAY IS MONDAY, SEPT. 30, 20241:05 PM

 IT'S THE LAST DAY OF SEPTEMBER AND THE END OF THE 3RD QUARTER - TOMORROW STARTS A WHOLE NEW DAY FOR A LOT OF US - BUT TODAY - TO ANYONE AFFECTED BY THE HURRICANE AND THE AFTERMATH CONDOLENCES - OVER 100 DEAD - WILL BE GOING THROUGH IT FOR YEARS -1:07 PM

IRAQ IS SAYING THEY ARE IN A FIGHT - DON'T WANT TO BE DRAGGED INTO A WAR - IRAN SAYING DON'T WANT TO BE IN A WAR - US SAYINS DON'T WANT TO BE IN A WAR - SUDANI SAID WHAT IS GOING ON IN LEBANON WILL NOT AFFECT IRAQ1:08 PM

 WON'T AFFECT THE ECONOMY - ONLY 150 MILLION/YEAR IN IMPORT/EXPORT - DOES AFFECT THEIR PSYCHE - PEOPLE JOINING THE MILITARY IN LEBANON - OTHER THAN THAT - WE JUST HAVE TO WAIT AND SEE - DURING THE 3 DAYS OF MOURNING ENDS TODAY - HOPEFULLY WILL LET US DO WHAT WE NEED TO DO1:09 PM

GOOD NEWS ON FRIDAY I WAS TOLD THIS WOULD HAPPEN MON/TUE - TOLD YOU THAT FRIDAY - MONDAY NIGHT WOULD BE PERFECT - WHEN I SAID "I KNOW SOMETHING YOU DON'T KNOW" - PEOPLE IN KURDISTAN ARE BEING TOLD THEY HAVE A NEW RATE TOMORROW - BEING TOLD THAT1:10 PM

GOT THEIR SALARIES, MONEY IN POCKET - SUPPOSED TO HAVE NEW RATE TOMORROW - BANKS ARE CURRENTLY IN MEETINGS AT THIS MOMENT - BROUGHT FEDS IN LAST NIGHT AT 9PM HAD TO REPORT TO WORK "BE READY"1:11 PM

 ALL WAITING ON THE GO - IT'S DONE, IT'S DONE - ALL 3 LETTER AGENCIES SAID THEIR PORTIONS ARE DONE - EXPECTING TOMORROW MORNING - SHOULD AND COULD HAPPEN - WAIT AND SEE - I'M WAITING FOR THEM TO GET OUT OF MEETINGS1:11 PM

 RATES BACK ON SCREENS - DON'T KNOW WHAT THEY ARE - OR THEY WOULDN'T HAVE TOLD US TO BE READY - DON'T HAVE BAD NEWS - SOME OF YOU IN CHAT ROOM WERE WONDERING IF LEBANON AND ISRAEL WOULD STOP US -1:12 PM

SO FAR THE WORD IS NO - SHOULD BE IN THE BANK IN THE MORNING - TOLD THAT YESTERDAY IN IRAQ - AS YOU WHO HAVE BEEN HERE FOREVER KNOW - KURDS ARE ALWAYS AHEAD OF BAGHDAD - KURDS GOT PAID YESTERDAY1:13 PM

WAITING FOR 2 MONTHS TO PAY THEM - EXCUSE AFTER EXCUSE - BUT GOT PAID YESTERDAY - TOMORROW WILL TELL THE TALE -1:13 PM

ALL YOU HAVE TO DO IS MAKE SURE YOU ARE IN AND WILL RECEIVE THE TEXT AND EMAIL - WHAT I'M BANKING ON RIGHT NOW - TOLD YESTERDAY AND TODAY - IT'S THE END OF THE QUARTER - EVERYONE IS HAPPY - MONEY IS GOING TO FLOW -

MILITIAMAN: Iraq Dinar News - Iraqi Stock Exchange - Private Sector - Water - Infras...

Al-Haims Expects Lifting Of "Sanctions" On Iraqi Banks: No Violations Proven, 1 OCT

 Al-Haims Expects Lifting Of "Sanctions" On Iraqi Banks: No Violations Proven

Banks  Economy News – Baghdad  The Chairman of the Securities Commission, Faisal Al-Haims, confirmed that foreign auditing companies have not proven any violations against the sanctioned Iraqi banks, expecting the US sanctions to be lifted, especially after the Prime Minister’s recent visit to New York.

Al-Haims said, in a televised interview, which was viewed by “Al-Eqtisad News”, that “the Iraqi market needs a banking sector with global compliance standards in order to ‘survive’”, stressing that “the commission aims to increase the number of stock traders by 500%.”

He continued: "We were recently granted the authority to open new branches of the Iraq Stock Exchange, and we agreed to open two new branches in the governorates of Erbil and Sulaymaniyah. We are open and seek to expand the market's spread base and we will agree to any request to open a new branch if the legal conditions are met."

The Chairman of the Securities Commission confirmed: “We are working on promotional campaigns to introduce the function and benefits of investing in the Iraqi Stock Exchange, and the investment sectors in it as well, although the current efforts need greater momentum, but we seek to develop an effective strategy to increase the number of investors in the Iraqi Stock Exchange to 5 times their current number of more than 40 thousand investors, during the next two years.”

He pointed out that "foreign auditing companies have not proven any violations against the sanctioned Iraqi banks, and this is sufficient to lift the Federal sanctions, and we hope that the Prime Minister's visit to the United States will contribute in this direction."

He explained that "the Iraqi economy depends entirely on oil revenues and imports to meet local needs, which confirms the difficulty of living without an effective banking sector, and therefore there is no choice but to create a real banking movement that applies international compliance standards."

He explained that "there is a credit problem in private banks, as customers prefer government banks, despite the big difference in the quality and volume of services provided at the level of deposits and borrowing. However, the government banking sector takes over more than 70% of customers." 305 views 09/30/2024 - https://economy-news.net/content.php?id=48162