Friday, October 18, 2024
Economist: Development Road Project Will Provide Iraq With Great Investment Opportunities, 18 OCT
{Economic: Al-Furat News} An economist stressed the importance of the development path project in achieving the investment of the knight in Iraq.
Salah Nouri told {Euphrates News} that “the International Development Path project provides great investment opportunities from building industrial cities and various service projects, and this provides great job opportunities.”
He added that “development funds are working to provide joint investment opportunities between the private and public sectors, and the private sector involved in investment in turn provides job opportunities.”
The “Development Road” project is a land and railway road that extends from Iraq to Turkey and its ports, measuring 1,200 kilometers inside Iraq, and aims to transport goods between Europe and the Gulf countries, especially Qatar and the UAE.
On April 22, Turkey, Iraq, Qatar and the UAE in Baghdad signed a four-year memorandum of understanding for cooperation on the “development path” project, under the auspices of Turkish President Recep Tayyip Erdogan and Prime Minister Mohammed Shia Al-Sudani.
https://alforatnews.iq/news/خبير-اقتصادي-مشروع-طريق-التنمية-سيوفر-للعراق-فرص-استثمارية-كبيرة
"ILO: IRAQI GOVERNMENT HAS DEVELOPED PROGRAM TO HELP FACILITATE TRANSITION TO FORMAL ECONOMY" : "FORMAL ECONOMY? WHAT THIS MEANS?" BY MNT GOAT, 18 OCT
"ILO: IRAQI GOVERNMENT HAS DEVELOPED PROGRAM TO HELP FACILITATE TRANSITION TO FORMAL ECONOMY"
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STATUS OF THE RV
I have to be honest with you, there is not a lot of new news to tell this period of time for the Newsletter. However, what news we read is VERY GOOD. Not WOW! news but still very good. There was a tidbit of news that I though was very telling. I am referring to the article titled “ILO: IRAQI GOVERNMENT HAS DEVELOPED PROGRAM TO HELP FACILITATE TRANSITION TO FORMAL ECONOMY”.
So, as I said in my front page of the Newsletter, let’s explore what the hell this means and why they even had to tell the citizens this and more importantly the investors.
I quote from the article: “The International Labor Organization confirmed yesterday, Wednesday, that the current government has developed programs and policies that help facilitate the transition to the formal economy, while indicating that informal work represents a crucial component despite its problems in economic activity”.
Are you living now in one of the “developed countries” like Great Britian, Canada, USA, Austria, a European country, etc. etc.?
If you are then you can relate to what I am about to tell you about Iraq.
To understand this article, we must go back to what I told you about the Dr. Shabibi plan vs the Obama administration plan for Iraq and its banking and currency reforms, yes, the Pillars of Financial Reforms and it’s three sectors.
Remember that I said that Dr Shabibi under G.W. Bush wanted to reinstate the dinar to eliminate the massive corruption he saw coming and was in part already experiencing. Under the Obama plan they wanted to halt the Dr Shabibi plan at any cost, and instead bring Iraq first to a more “formal economy”, meaning a robust economy much like developed nations of the rest of the world.
As investors we may criticize the Obama plan, as we had to wait much longer to see our RV, but the plan drastically changed from the Bush plan and the global economy of the Bush time also changed. A new plan to use Iraq was put in place and so all the reforms like from the “White Paper” had to occur first. Yes, these three sectors of the finances had to be reformed.
But now the International Labor Organization’s country coordinator, Maha Kattaa, is essentially telling us investors and the citizens of Iraq at the national conference that they have reached a goal. What goal is this?
In the article they compare “formal” work with “informal” work.
To understand what I am now telling you, you must understand the difference. The article goes on to describe the difference and they it does so the citizens understand that Iraq has reached the point of more higher paying jobs with benefits than not. I quote from the article again:
“this conference addresses a very important and urgent issue, which is the issue of the informal economy and informal work,” noting that “the informal economy refers to the group of economic activities carried out by workers and economic units that are not covered either in law or in practice by formal arrangements or may be covered sufficiently.”
To sum it all up this is very good news for us as they are telling us yet another pivotal goal has been reached and the transition from the informal jobs over to formal jobs as in western developed nations has occurred and will be ongoing.....TO BE CONTINUED
Iraq Participates in GITEX 2024 to Enhance Cooperation in Technology and Cybersecurity, 18 OCT
Iraq Participates in GITEX 2024 to Enhance Cooperation in Technology and Cybersecurity
10/17/2024
Chairman of the Communications and Media Commission Ali Almoayyed participated in the 44th edition of GITEX Global 2024, which was held at the Dubai World Trade Center under the slogan “Global Cooperation to Shape the Future Economy Based on Artificial Intelligence.”
His media office stated in a statement received by {Euphrates News}, that “this exhibition is considered one of the largest global events specialized in technology and emerging companies, as it attracts a large number of governments, investors, major companies and experts from various sectors.”
He added: “The event is a platform to enhance global cooperation between governments, companies and investors, in addition to supporting start-ups and promoting innovation in academia and research circles.”
This year, GITEX Global 2024 will feature more than 6,500 companies from over 180 countries, with a focus on showcasing investment opportunities in advanced technology, cybersecurity, data protection, and artificial intelligence technologies.
The exhibition contributes to enhancing international cooperation in modern technology, providing governments and start-ups with unprecedented investment opportunities in various vital sectors. LINK
RV UPDATE BY BRUCE, 18 OCT
Thurs. 17 Oct. 2024 Bruce
- Your R&R monies will already be in your Quantum Account that you will activate when you do your exchange.
- You will have a new email account set up at the Redemption Center.
- Your Quantum Card will only be used to transfer funds from your Quantum Account to your Master bank account with Wells. You can transfer to other banks from there.
- A source at Social Security reported that Social Security increases are not going to be in October, but will be in the month of November. You will get your added payment (a 80% to 100% increase from what you are presently receiving) a week after you get your regular payment.
- Bond Holders have been told they will receive their emails Thurs, Fri or Sat that would inform them of when they will have access to their accounts – which will likely be on Tues. 22 Oct.
- They are rolling out the toll free numbers to Tier4b (us, the Internet Group) likely by Mon. 21 Oct. and we will be able to set appointments on Tues. 22 Oct.
- BRICS are intending to bring out their Reserve Currency on Tues. 22 Oct.