Al-Sudani: Investment opportunities offered in Iraq and received from Arab and foreign companies exceeded 100 billion dollars, 22 oct

 Al-Sudani: Investment opportunities offered in Iraq and received from Arab and foreign companies exceeded 100 billion dollars

Baghdad – Mil

Prime Minister Mohammed Shia Al-Sudani confirmed on Monday that the investment opportunities in Iraq received from Arab and foreign companies exceeded 100 billion dollars.

A statement issued by the Media Office of the Prime Minister, and replied to “Mil”, that “Prime Minister Mohamed Shia Al-Sudani held a meeting with the head of the Egyptian Swedish Group of Companies Ahmed Al-Suwaidi, and a group of managers of Egyptian industrial and commercial companies, in the presence of a number of advisers to the Prime Minister.”

The statement added that “the Prime Minister discussed with the Egyptian delegation the study of the economic and financial model of the group in work and cooperation in the sectors of industry, education, energy and infrastructure, which also included discussing investment opportunities and partnership in the sector of examizing petroleum resources, the localization of the electrical transformer industry, and smart measures related to the electrical network, and the carbon iron and steel industry.”

He continued, “It was agreed on a study to establish industrial cities in Baghdad, where the group presented a map of projects to be studied by the Council of Advisors and Sectoral Entities.”

During the meeting, the Prime Minister pointed to “the breadth of economic cooperation between Iraq and Egypt, especially in partnerships with the Egyptian private sector,” stressing that “the investment opportunities offered in Iraq, which were received from Arab and foreign companies, exceeded 100 billion dollars, and they reveal an abundance in economic growth at all levels and fields.”

https://miliq.news/political/37468–100-.html

TIDBITS FROM WOLVERINE, 22 OCT

 Wolverine   

[via Judy Byington]

  It’s all happening this week...One of the World’s most noted Whales has just been called in to fly to a certain destination. 

This is about to kick off. 

It looks like groups are getting ready now...

I’m so emotional now that I wish I could tell you more but it’s looking really good for this week. 

My sources say everything is going this week. I have absolute faith we will go this week.

MILITIAMAN: THE PROGRESS IN ECONOMIC REFORMS FOR BOOST THE VALUE OF THE ...

Al-Attwani: The government is working on preparing the basics of the 2025 budget to present to the House of Representatives, 22 oct

  The head of the parliamentary finance committee, Atwan Al-Attwani, said that the government is working on preparing the basics of the 2025 budget to present to the House of Representatives for study and voting.

The useful summary.. In the important news, you will find it on the Al-Furat News channel on Telegram.To subscribe, click here

A statement from his office, a copy of which {Euphrates News} received, said: “Al-Attwani discussed with the delegation of the Adam Smith International Foundation a set of laws related to the development of the financial and banking system, on Monday, at the headquarters of the Finance Committee in the Council Building, where he reviewed important draft laws, including the Securities and Commodities Law, the Law of the Center for Banking Studies, and the Investment Law in Islamic Sukuk, with the necessary amendments, pointing out that these laws will be read in future sessions.

Al-Atwani stressed that “the aim of the amendments is to involve the concerned authorities to ensure increased productivity and listen to various opinions to ensure their effective implementation.”

The statement added, “The organization of workshops was also discussed in cooperation with the law, economy and investment committees to develop laws comprehensively, with the hosting specialists to benefit from previous experiences. The mechanism of developing federal budget texts, analyzing revenues and expenditures, and planning budget items and public programs was also discussed.”

Al-Atwani pointed out that “the government is working on preparing the basics of the 2025 budget to present it to the House of Representatives for study and voting on it.”

https://alforatnews.iq/news/العطواني-الحكومة-تعمل-على-إعداد-أساسيات-موازنة-2025-لعرضها-على-مجلس-النواب

FIREFLY: " THESE CASH DEPOSIT CENTERS ARE A START OF COLLECTING AND START OF THE DELETION OF THE ZERO NOTES" , 22 OCT

 Frank26  

 [Iraq boots-on-the-ground report]  

 FIREFLY: Mr Sammy wants you to know the opening of these cash deposit centers that Sudani is bringing in with the CBI are a start of collecting and a start of the deletion of the zero notes.

  It gives us an avenue to trade in the notes instead of clogging up our regular banks.  

FRANK:  These currency centers have been licensed by the CBI, Sudani and the US Treasury in the last few weeks.  

Things are moving very fast for you citizens to receive your monetary reform.

The Finance Committee discusses with Adam Smith International Foundation the development of the financial and banking system, 21 OCT

 The Chairman of the Finance Committee, Eng. Atwan Al-Atwani, discussed with the delegation of the Adam Smith International Foundation a set of laws related to the development of the financial and banking system, on Monday, 10/21/2024, at the headquarters of the Finance Committee in the Council building.

During the meeting, Al-Atwani welcomed the delegation of the Foundation and reviewed important draft laws, including the Securities and Commodities Law, the Banking Studies Center Law, and the Investment Law in Islamic Sukuk, with the necessary amendments, pointing out that these laws will be read in the upcoming sessions.

Al-Attani stressed that the aim of the amendments is to involve the concerned authorities to ensure increased productivity and listen to various opinions to ensure their effective implementation.

They also discussed organizing workshops in cooperation with the law, economic and investment committees to develop laws comprehensively, with the hosting of specialists to benefit from previous experiences.

With regard to the general budget, the mechanism of developing federal budget texts, analyzing revenues and expenditures, and planning budget items and general programs was discussed. Al-Attani pointed out that the government is working on preparing the basics of the 2025 budget to present to the House of Representatives for study and voting.

House of Representatives
Media Department
21/10/2024

اللجنة المالية تناقش مع مؤسسة ادم سمث الدولية تطوير النظام المالي والمصرفي

TIDBITS FROM MARKZ, 22 OCT

 MarkZ  

 [via PDK]  “

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.

 “Salaries will be delayed: Fundamental changes coming to the Iraqi money and financial system”   

Some are worried about the budget deficit. This is another reason we need the dinar value changed - to erase that.

“Washington supports Iraq’s efforts to achieve comprehensive economic development”  

Whenever a country is about to revalue- you will see this lady (Alina Romanowski) being an ambassador there.  She had experience with Kuwait.