Minister of Finance participates in the activities of the Arab-Turkish Economic Forum in Istanbul, 20 OCT

 Minister of Finance participates in the activities of the Arab-Turkish Economic Forum in Istanbul

Minister of Finance Taif Sami participated today, Saturday, in the activities of the Arab-Turkish Economic Forum in its fifteenth session currently taking place in Istanbul.

The ministry said in a statement received by the Iraqi News Agency (INA): "Minister of Finance Taif Sami participated in the activities of the Arab-Turkish Economic Forum in its fifteenth session currently taking place in Istanbul, in the presence of an elite group of government officials, businessmen and investors from Arab countries and Turkey, and Arab finance ministers."

The statement added, "This year's forum focused on enhancing economic and investment cooperation between Arab countries and Turkey, highlighting investment opportunities in areas such as energy, infrastructure, manufacturing and technology."

The statement continued, "The Minister of Finance delivered a speech during the session, in which she stressed the importance of the economic partnership between Arab countries and Turkey in supporting economic growth and enhancing financial stability in the region."

Sami said in her speech on the occasion - according to the statement: "This forum represents a real opportunity to exchange experiences and build long-term strategic partnerships between Arab countries and Turkey, especially in light of the current global economic challenges. She also called for enhancing joint investments and increasing the volume of trade exchange between the two sides."

She pointed out the importance of "completing the construction of the global trade corridor and taking advantage of Turkey's strategic location and the Arab region as a bridge linking major global markets in Asia, Europe and Africa, and facilitating trade movement efficiently to expand investment and energy corridors. "

She added that "Iraq is currently working - in cooperation with the World Bank - to establish and rehabilitate railways; for the purpose of establishing the development road project, and its strategic importance in linking Asia with Europe, in addition to its economic and development returns for the two countries and regional countries."

The statement concluded, "The Minister of Finance held a series of bilateral meetings with a number of Turkish officials and their counterparts from Arab countries; to discuss ways to enhance financial and investment cooperation and discuss issues of common interest."  link

TIDBIT FROM FRANK26: " I DON'T HAVE MY RECEIPT" , 20 OCT

 Frank26 

  Many people pose the question, I don't have my receipt.  If I'm ever audited what am I going to do?  If I don't have my receipt I'm going to be in the 40% [tax bracket]. I don't want to pay that much taxes. 

 What do I do?  Did you write a check? 

 Your canceled check is your receipt. 

 Did you use a credit card? 

 You bank statement from your credit card is your receipt...

SANDY INGRAM: Iraq Makes Bid for WTO & Increased Reserves at IMF by 50%-Exchange Rate ...

Increase in the market value of companies listed on the Iraq Stock Exchange , 20 OCT

 Increase in the market value of companies listed on the Iraq Stock Exchange 

The market value of listed companies increased in market Iraq For securities to exceed the 20 trillion dinar barrier for the first time Iraqi Supported by the banking sector, which represents 50% of the total market value of listed companies, and the communications sector, which represents 39% of the total market value, according to the head of the “Iraq Al-Mustaqbal” Foundation for Economic Studies and Consultations, Manar.Al-Obaidi.

He saysAl-Obaidi In a post I followed Sumerian News, the market value of banking sector companies rose from 6.88 trillion dinars Iraqi In 2021 to reach 10 trillion dinars Iraqi In 2024, the market value of telecommunications companies also increased from 7.3 trillion in 2021 to 7.82 trillion dinars.

The market value of the industrial sector declined compared to 2021, and the market value of the agricultural sector also declined over the four years, according to Al-Obaidi It shows  that the hotel and tourism sector witnessed a significant increase with a growth rate of 61% compared to 2021, so that the market value of the sector rose from 390 billion dinars in 2021 to more than 620 billion dinars in 2024.

It is expected to witness market Iraq Securities will see a significant increase in the coming months and years, especially with the improvement in the revenues of listed companies and the development of their businesses, which makes it a market capable of attracting domestic and foreign investments. It is expected that the market value of the market will reach the 50 trillion dinar barrier in the coming years .Iraqi Supported by the rise in share prices of successful companies as well as the listing of many companies, whether in the public or private sector, on the market, according to Al-Obaidi.   link

EXCERPTS FROM MARKZ, 20 OCT

 EXCERPTS FROM MARKZ

Member: Rod Steele said yesterday that the HCL/WTO ascension is all done 

MZ: I also think it’s all done…..except for announcements….those announcements are very important.

Member: How are you feeling about the RV Mark?

MZ: I am still feeling warm and fuzzy

Member: When I feel warm and fuzzy- I take a shower…lol

MZ: I do know of a couple of wealth managers/redemption folks working over the weekend. They do not think we will be doing exchanges this weekend….but do think it is in the very near future. 

MZ: I have not heard anything new from CMKX or any individual currency. 

Member: Bruce says Monday we will get the toll free numbers. Tuesday we will be exchanging

Mark, Jen was saying she feels 4b will happen this coming week. What do you think Mark? 

MZ: I think there is an excellent chance we could go this week. Bond contacts are expecting massive movement this week. Mid week about Wednesday or so. But nobody knows the exact timing. 

Weekend News with MarkZ. 10/19/2024

Weekend News With MarkZ 

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

GOOD MORNING ALL! HAPPY SATURDAY! CBD MATT AND LUCAS KICK OFF THE FIRST 45 MINS AND MARK GIVES THE NEWS UPDATE AT 10:30 AM

Member: Good Morning Mark, Mods and my Patriot Family

Member: Rod Steele said yesterday that the HCL/WTO ascension is all done 

MZ: I also think it’s all done…..except for announcements….those announcements are very important.

MZ: “Financial Advisor: Increasing iraq’s share in the International Monetary Fund is a step to enhance the stability of the dinar”   This is a big piece and now we are starting to feel that effect. It is increasing the stability and the prominence of Iraq. The dinar is becoming a “Special Drawing Rights “ (SDR) Currency ….and recognized worldwide. 

MZ: “Stability in dollar exchange rates in Baghdad, Basra and Erbil”  Now that Erbil and the Kurdistan region is “playing ball” the stability of the rates are balancing. 

MZ: “Iraq to build longest submerged tunnel in the Middle East” Iraq is boosting trade routes and becoming a hub ….they are going to be able to greatly increase oil exports. 

Member: How are you feeling about the RV Mark?

MZ: I am still feeling warm and fuzzy

Member: When I feel warm and fuzzy- I take a shower…lol

MZ: I do know of a couple of wealth managers/redemption folks working over the weekend. They do not think we will be doing exchanges this weekend….but do think it is in the very near future. 

MZ: I have not heard anything new from CMKX or any individual currency. 

Member: Perhaps the (RV) is tied to this upcoming Brics meeting?

Member: The big BRICS meeting starts Tuesday I believe. I think it’s going to be BIG

Member: when do you think forex will have a live rate

Member: Bruce says Monday we will get the toll free numbers. Tuesday we will be exchanging

Mark, Jen was saying she feels 4b will happen this coming week. What do you think Mark? 

MZ: I think there is an excellent chance we could go this week. Bond contacts are expecting massive movement this week. Mid week about Wednesday or so. But nobody knows the exact timing. 

Member: so when we exchange – will we get old fiat money or new asset backed money???

Member:IMO- when we exchange our currency we will exchange to the USTN not the USD fiat which is dead.

Member:  I believe we're waiting for the public announcements of the USTN and the QFS.

Member: Got a call yesterday from PNC Bank. Sent it to voicemail. Will call next week and poke and prod for answers about wealth management.

Member: You’re watching amazing progress happening...more than ever...hang in there...Our Worldwide RAINBOW is AHEAD

Member: I wish everybody a great weekend!

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

FOLLOW MARKZ : TWITTER . https://twitter.com/originalmarkz?s=21. TRUTH SOCIAL . https://truthsocial.com/@theoriginalm...

Mod:  MarkZ "Back To Basics" Pre-Recorded Call" for Newbies 10-19-2022 ) https://www.youtube.com/watch?v=37oILmAlptM

MARKZ DAILY LINKS: https://theoriginalmarkz.com/home/

Note from PDK: Please listen to the replay for all the details and entire stream….I do not transcribe political opinions, medical opinions or many guests on this stream……just RV/currency related topics. 

THANK YOU ALL FOR JOINING. HAVE A BLESSED WEEKEND! SEE YOU ALL MONDAY MORNING FOR COFFEE @ 10:00 AM EST ~ UNLESS BREAKING NEWS HAPPENS!

MR. C WILL BE JOINING MARK ON MONDAY MORNING AND ALSO ON HIS NORMAL FRIDAY!

US Ambassador Alina Romanowski said a “vibrant” private sector and reforms in the banking sector could attract investment to Iraq., 20 OCT

 US Ambassador Alina Romanowski said a “vibrant” private sector and reforms in the banking sector could attract investment to Iraq.

 Romanowski's statement, which she posted on her account on the "X" platform, came on the sidelines of a discussion she described as "fruitful" that took place with the ambassadors of the Iraqi Economic Contact Group, the Trade Bank of Iraq, and the Prime Minister's Office , announcing her support for Iraq's efforts towards sustainable and comprehensive economic development.

Romanowski concluded her post with the hashtag #ComprehensiveUS-IraqiPartnership  link