UrgentSouth Korea begins supplying Iraq with an advanced air system in early 2025, 29 OCT

 UrgentSouth Korea begins supplying Iraq with an advanced air system in early 2025

{Politics: Euphrates News} The government spokesman announced the start of supplying the air defense system from South Korea early next year.

“Korea will provide us with advanced military systems early next year,” Al-Awadi said in a televised statement on Monday evening.
He added that “the government is working to develop and strengthen air defense capabilities and has allocated billions of dollars to enhance this system and this will be achieved in a year or less.”

Al-Awadi pointed out that “the penetration of the Zionist entity into the atmosphere of Iraq to target Iran is a sinful aggression.”
Iraq contracted with a South Korean company last September to buy the ballistic air and missile defense system.
South Korea’s LG Nix One said on September 20 that it had won a deal under which it is scheduled to export the Korean-made ballistic air defense system to Iraq.

The company specializing in the manufacture of advanced weapons systems said in a notice that it had signed a deal with the Iraqi Ministry of Defense worth $2.78 billion to export the “Chiongong-2” system, also known as the South Korean air defense system “M-SAM2”.
This becomes the third country in the Middle East to buy a ballistic air and missile defense system after the UAE and Saudi Arabia.

This system is the focus of South Korea’s missile defense strategy designed to intercept future missiles and aircraft primarily for protection from North Korean threats.

The missiles and the integrated system of the M-SAM2 system are manufactured by LIG NX One, Hanhua Systems provides radar, and Hanhua Aerospace manufactures rocket launchers and vehicles.
Chiongong-2 is a medium-range surface-to-air defense system, developed based on 9M96 missile technology used in Russian missile systems.

" WE ALREADY START TRADING THE DINAR WOTH OTHER COUNTRIES" BY NADER FROM THE MID EAST, 29 OCT

 Nader From The Mid East 

 Let me tell you something about trading the dinar -

 We already start trading the dinar with other countries.

  Now I can take the dinar to anywhere in the Middle East or North Africa and exchange it.  In American, Canada Australia, Europe I cannot yet.

FRANK26: " THE NEXT STEP IS TO INTRODUCE THE LOWER NOTES AND THE NEW EXC...

Qatar Energy acquires 50% of Total solar project in Iraq, 29 OCT

Qatar Energy acquires 50% of Total solar project in Iraq

Economy News – Baghdad

Qatar Energy Company, one of the world’s largest suppliers of liquefied natural gas, announced on Monday that it had agreed to buy a 50% stake in the Total Energis solar energy project in Iraq, which has a maximum production capacity of 1.25 gigawatts.

In a statement issued by Qatar Energy, Qatar added that the French energy giant will retain the remaining 50% stake in the project, which is part of Iraq’s $27 billion integrated gas growth project, without disclosing the size of the deal.

The “Integrated Gas Growth Project in Iraq” initiative aims to boost electricity supply in Iraq, including by preserving gas in three oil fields instead of burning it with the aim of using it to supply power plants, which helps reduce the Iraqi import bill. The initiative also includes renewable energy projects.

Iraq currently imports between a third and 40% of its electricity and gas needs from Iran, but it still suffers from widespread power outages, especially in the hot summer months when the demand for energy for cooling is rising.

Qatar Energy said that the solar energy project, which will be phased to become operational between 2025 and 2027, “will be able to

When completed to save up to 1.25 gigawatts in peak of solar-generated electricity,” the project will include the use of “two million dual-sided, high-efficiency solar panels.”

The company added that the project “will be able to supply electricity to about 350,000 homes in the Basra area.”

Qatar Energy joined last year to an alliance to implement the “Integrated Gas Growth in Iraq” project with a 25% stake, along with Total Energy 45 percent, and Basra Oil Company 30%.

TIDBITS FROM CLARE, 29 OCT

 Clare 

 Article: "Planning: Census operations will continue for two weeks starting from November 20" 

 Quote: "The Ministry of Planning confirmed today, Friday, that the date for conducting the census on November 20 is fixed and unchanged, while it indicated that its operations will continue for two weeks until December 3, 2024."

===

Clare 

 Article: " 'Hybrid Monetary Policy'.. Al-Sudani's Advisor Reveals the Central Bank's New Step"  

 Quote:  " The Central Bank began...on October 24, to reduce the monetary policy interest rate...by about 200 percentage points, by lowering the interest at which the Central Bank deals with banks from 7.5% to 5.5%, which means...an expansionary policy in targeting the money supply...

Despite the above...new policy did not neglect the importance of continuing to control local liquidity levels and carrying out high sterilization operations,

 by offering debt instruments called Islamic certificates of deposit...which are considered sovereign debts that can be mortgaged or discounted in the secondary market and are excellent debts...

with a return of 4% for a period of 14 days and a return of 5.5% for a period of 182 days."

https://dinarevaluation.blogspot.com/2024/10/tidbit-from-clare-28-oct.html

INTEL FROM A FRIEND THAT WORKS WITH THE TREASURY CONTRACTOR BY GOLDEN ER...

Al-Atwani assures the Tunisian Minister of Finance the serious desire to benefit from the experience of wealth management, 28 OCT

 Al-Atwani assures the Tunisian Minister of Finance the serious desire to benefit from the experience of wealth management

Economy News – Baghdad

The Chairman of the Parliamentary Finance Committee, Atwan Al-Atwani, on Monday, assured Tunisian Finance Minister Siham Al-Boghdiri the serious desire to benefit from the Tunisian experience in managing financial and monetary wealth, and its steps in achieving sustainable development.

A statement from the Media Office of the Chairman of the Parliamentary Finance Committee, seen by “Economy News”, stated that “the Chairman of the Parliamentary Finance Committee, Atwan Al-Atwani, and the accompanying delegation, met with the Tunisian Finance Minister Siham Al-Bughdiri, in the presence of the Chargé d’Afaires of the Iraqi Embassy in Tunisia, and the advanced staff in the Tunisian Ministry of Finance, to discuss ways to enhance cooperation and joint coordination between Iraq and Tunisia, with regard to the development of the financial, monetary and economic system, and to achieve the aspirations of the two brotherly peoples.

According to the statement, Al-Atwani stressed “the serious desire to benefit from the Tunisian experience in managing financial and monetary wealth, and its steps in achieving sustainable development, especially since it has a pioneering experience in relying on non-oil revenues, in financing the general budget of the state.”

The statement added that “the meeting came within the framework of Iraq’s direction to maximize its non-oil resources, so we aspire to positive integration with Tunisia in this regard, in order to achieve sustainable development that requires economic stability,” explaining: “This cannot be achieved for a country that depends entirely on oil, and we cannot accept that our economy remains subject to fluctuations in oil prices.”

The statement continued, “The meeting reviewed the most important challenges facing the financial and monetary sector, how to build the general budget of the two brotherly countries, ways to diversify sources of income and address deficits, and mechanisms for expanding the tax base and estimating revenues,” sevisting “the Iraqi government’s adoption of the application of automation and digital transformation, as it is an essential step in combating corruption and improving services.”