🇺🇸 U.S. Commitment: U.S. Defense Secretary reaffirms support for Saudi Arabia amidst Middle Eastern tensions.
🌍 WTO Progress: Iraq completes necessary steps to join the World Trade Organization.
🇸🇦 Saudi Support: Saudi Arabia plays a crucial role in Iraq’s WTO accession efforts.
⏳ Ongoing Challenges: Iraq still needs formal acceptance into the WTO, a critical hurdle ahead.
🌐 Trade Benefits: Joining the WTO could expand Iraq’s opportunities for free trade.
Key Insights
📊 Market Dynamics: The exchange rate indicates ongoing economic activity, reflecting confidence in the Iraqi dinar’s stability. This is crucial for attracting foreign investment.
🔌 Regional Collaboration: The Gulf electricity interconnection contract represents a strategic move to enhance Iraq’s energy infrastructure and foster regional partnerships that could boost economic resilience.
🛡️ Geopolitical Landscape: The U.S. reaffirmation of support for Saudi Arabia highlights the intricate power dynamics in the Middle East, which could impact Iraq’s foreign relations and security situation.
📑 WTO Membership: Completing the requirements for WTO membership signifies Iraq’s commitment to modernizing its economy and integrating into the global market, which can lead to enhanced trade relationships.
🤝 Strategic Partnerships: Saudi Arabia’s involvement in Iraq’s WTO application underscores the importance of regional alliances in economic development and stability, showcasing cooperative efforts in the Gulf.
🚧 Acceptance Process: While significant progress has been made, the need for formal acceptance into the WTO remains a daunting challenge for Iraq, emphasizing the competitive nature of international trade negotiations.
🌍 Economic Growth Potential: Successful accession to the WTO could unlock vast opportunities for Iraq, including increased market access and investment, which are vital for sustainable economic growth.
The First Of Its Kind.. Launching The Baghdadna Electronic Service Platform
Baghdad Governorate logo Local Economy News – Baghdad Baghdad Provincial Council announced on Tuesday the establishment of the Governance and Communications Committee to manage digital transformation in the capital, Baghdad, while pointing to the launch of the “Baghdadna” platform to provide more than 25 electronic services to citizens via smart devices.
The head of the e-governance and communications committee in the council, Muthanna Al-Azzawi, said in the first conference to announce the (Baghdadna) platform, which was followed by "Al-Eqtisad News", "We announce the establishment of the Governance and Communications Committee to manage digital transformation in Baghdad Governorate," indicating that "this committee is the first of its kind in the governorate, and aims to adopt and manage digital transformation files and provide electronic services to citizens."
He explained that "the first work of the Governance and Communications Committee is to start announcing the (Baghdadna) platform, which is the official government platform that will represent Baghdad Governorate, to provide all services electronically," stressing that "the platform will provide more than 25 real services to citizens through smart devices."
He added that "the goal of the Governance and Communications Committee is to build a smart local government that provides its services to citizens through smart devices, as citizens will be able to apply for the service through a single platform, and government institutions will complete the rest of the procedures electronically," noting that "the Baghdad local government will undertake the formulation of general policies for the governorate, while exercising its role in planning, monitoring and legislating on sectoral institutions."
Al-Azzawi called on all those interested in the field of digital transformation and information technology, researchers, civil society organizations, and the private sector, who have pioneering experience in this field, to “visit the committee and review the projects and the possibility of providing funds for the purpose of adopting and launching them.” https://economy-news.net/content.php?id=48750
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 Evening Mark, mods and RVer’s
Member: The can has been kicked so many times there is no can left to kick. let's go rv
MZ: “Foreign Minister and new UNAMI minister discuss termination of mission” For those that may not know UNAMI is the United Nations assistance mission for Iraq. This was put into place in 2003….This one is huge…..Many have told us when this mission ends there will be a new value …and the US gets paid.
MZ: In Iraq –when they publish an article…many times it is already done
MZ: ” Treasury Secretary and US Ambassador discuss government efforts for economic reforms” They are discussing how well things have gone and things they would like to see to improve relations with the US. .
Member: I still don’t think it will RV until after the elections.
MZ: Guess we will find out in 3 weeks. I pray we go sooner….but if we go after…well, we go after.
Member: Mr C. also said RV after the Election
Member: I still think it will all go at the same time
Member: I think it will be so close it will look like it all happened at the same time
Member: I just got word that Tiers 1 and 2 are funded. 3 and 4 are any minute now.
MZ: I have heard that too……That is definitely the rumor running around….now they just need to give us our notices and pay those historic bonds.
Member: Oh the increase of wealth management commercials… it’s like they know something!!!! It definitely isn’t because of this current economy!
Member: Any news on bonds today?
Member: Guess not…..or Mark would tell us.
MZ: “Poland now holds more gold than Great Britain” they hold more than 400 tons. They must think something is going on . If gold is revalued in any meaningful way- they have enough to back a currency. Generally 30-40% of currency needs to be backed by gold to hold liquidity.
MZ: “ As BRICS accumulates gold, Western banks continue to short sell” There is a seismic shift shaking the foundations of global finance
Member: the Dong is so hard to get any info. I'm hoping it goes with the Dinar. Fingers crossed.
Member: Hoping the Bolivar goes as well….I think this one is going to be a sleeper ….
Member: Keep praying and stay positive….the best is yet to come
Member: SEE Y'ALL LATER>>SWEET DREAMS TO ALL!!!
Jennifer from ATB joins the stream tonight. Please listen to the replay for their information.
THE CONTENT IN THIS PODCAST IS FOR GENERAL & EDUCATIONAL PURPOSES ONLY&NOT INTENDED TO PROVIDE ANY PROFESSIONAL, FINANCIAL OR LEGAL ADVICE. PLEASE CONSIDER EVERYTHING DISCUSSED IN MARKZ’S OPINION ONLY
The Ministry of Planning announced today, Tuesday, the launch and activation of the services of the unified electronic platform for government advertisements and tenders (WWW.ITP.IQ), which is the first of its kind in Iraq.
The ministry said in a statement that "this platform was created under the direct guidance, supervision and follow-up of Deputy Prime Minister and Minister of Planning Mohammed Ali Tamim, and it specializes in tenders, contracts and government procurement affairs, stressing that "it will be applied to the rest of the ministries, agencies and governorates gradually."
The ministry indicated that "the platform will enable all government agencies to manage the activities of contracting procedures represented by publishing tender advertisements and selling their documents electronically and updating their statuses such as extension, re-announcement, cancellation and announcing the winner,
in addition to enabling all agencies to publish government purchase requests and solicit suppliers' offers to meet these requests electronically, leading to the preparation of a database that includes companies, contractors, suppliers and consultants interested in obtaining an opportunity to implement government projects using the method of direct invitations, contracting and direct purchase."
The ministry confirmed, according to the statement, that "the platform will allow commercial entities and businessmen to have immediate access to tenders announced by government contracting agencies and enable them to purchase the documents of these tenders electronically and follow up on the status of the submitted offers and the results of the study and analysis committees using the same mechanism."
The statement pointed out that "launching the electronic platform will contribute to supporting owners of small and medium enterprises, companies and suppliers by enabling them to submit their offers electronically to participate in government purchase request processing activities, in addition to allocating spaces within the platform that allow these commercial entities to promote their products and services electronically through the platform to activate electronic purchasing activity." He
explained that "the platform will enable companies, contractors and consultants to register their data, activities and specialized work within the platform database to enhance their opportunities to implement government projects using the direct invitation method and facilitate their selection processes for this purpose."
According to the statement, the ministry called on "commercial entities interested in implementing government projects, investment opportunities and preparing state purchases to visit the website (WWW.ITP.IQ) to view the platform's services, benefit from them and subscribe to its electronic services." https://www.radionawa.com/all-detail.aspx?jimare=39758
Thank you MarkZ for all your time, and encouragement daily….. PDK
MarkZ Update- 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 Morning - is this another Groundhog day or could this be it?
Member: My two week notice is typed up and ready to hit ”send”
Member: What good news do you have for us today Mark?
MZ: From Iraq” Parliamentary calls to oblige the Iraqi government to cancel the privileges granted to Jordan” They are saying they give Jordan all this preferential treatment but don’t get much back. May need to re-negotiate this…….Why is this important? Jordan is mostly in Americas pocket…so watching Iraq step back from it …saying if it’s not good for trade they are not going to do it just to make America happy….Iraq is standing on its own two feet.
MZ: “The US Senate enters the line of pressure on the Central Bank of Iraq” We keep reading articles on how well Iraq is doing cleaning up corruption. But 2 senators are concerned about untraceable wire transfers from banks….Are they going to Iran? That is the question …If it is …it may be why we have not gone yet.
Member: or is it going to line the pockets of crooked politicians? Very suspicious.
MZ: “The recovery department signs a cooperation agreement with the Arab and International Police Directorate” This is to work with international policing operatives to recover any money stolen from the Iraqi government.
MZ: “ The launch of the activities of the International Scientific conference under the slogan “Development financial and economic stability to restore confidence in the dinar” This seems to be the number one goal in the government right now….to restore the confidence in the dinar so that when they change the value-people have faith in it and use the dinar instead of the dollar.
MZ: yes we want it faster….but I think we are about to get it.
MZ: “Coordination with the World Bank for projects” Pretty much everybody except the US and the federal Reserve is banking on Iraq’s WTO ascension and the increase in value of the dinar. The world bank is one of those and they are working with Iraq on larger infrastructure projects. Iraq is not staying in the background for much longer.
Member: If there is an announcement this week that Iraq has ascended to full-membership in the WTF, does that mean the new IDQ rate is public
MZ: Most likely when they announce the official WTO ascension we will see a public rate….imo
Member: The WTO needs the rate, we don’t need the WTO.
Member: Yesterday Frank 26 said Iraqi emoloyees would not get paid on the new rate this pay period but will next pay period. I wonder -How long is a pay period in Iraq??
Member: Makes sense, as salaries are normally paid in arrears, not in advance. Inference, rate change should be imminent. imo.
Member: Question about rates: is the rate at the redemption centers THE rate? Or could it float up if we wait? Or down if we don’t get in on time?
Member: RC rate is better than Forex rate. Remember, 'A bird in the hand is worth 2 in the bush'. imo.
Member: RV Intel? Bond holders?
MZ: I am still not seeing any activity on Asian bonds. Everything that I am hearing and seeing this week and last week has been on the German bonds. There were a couple meetings last night and there are bond holders who keep saying that absolutely this is our week.
MZ: I have facilitators saying “They are telling us this is our week…..that everything is complete…but have not seen much yet. They are waiting on the final “GO” to distribute the funds to the holders.
MZ: The bond holders seem more hopeful than the facilitators that this is our week. I was hoping to have more news than that this week.
Member: Maybe the facilitators are skeptical of the “Boy who cried wolf” and rightly so.
Member: I heard years ago when 30% of the bonds are done…then we get our notifications….hope that still is true.
Member: Are the German bonds the proverbial lynchpin of the bonds?
MZ: I believe the German bonds and the Iraqi Dinar are the lynchpins of this thing….the cornerstones of the entire reset tight now. The two key things we are watching is the German bonds and the Iraqi dinar right now
Member: I heard a rumor that the new rate should be on FOREX tonight before they electronically pay the contracts tomorrow
Member: DOW is down .62% this morning
Member: Let’s talk about the up coming BRICS meeting this month and its implications
Member: What about the Chinese elders demanding perp walks before they will put up the gold for RV
Member: Sure is a lot happening…we have to hope releasing the RV/reset is one of them
Member: Getting off the roller coaster… planning on RV after inauguration. Maybe I’ll be pleasantly surprised.
Member: My vacation starts in 2 days It would be a great time to head to the bank! Wouldn’t have to ever go “back to work”
Member: If the "whitehats" are in control, I wish they would just show it! We're all tired.
Member: Thanks Mark and Mods for all the time you spend keeping us encouraged……have a great day.
Member: Happy Birthday to all celebrating all your RV dreams comes thru this week
THE CONTENT IN THIS PODCAST IS FOR GENERAL & EDUCATIONAL PURPOSES ONLY&NOT INTENDED TO PROVIDE ANY PROFESSIONAL, FINANCIAL OR LEGAL ADVICE. PLEASE CONSIDER EVERYTHING DISCUSSED IN MARKZ’S OPINION ONLY
