MarkZ
[via PDK] Question: Is Nov our month Mark? MarkZ: ...unfortunately we blew through Oct without it…
but Nov. sure looks good. Comment: Others say we get notified anytime after Nov. 6th. MarkZ: That is pretty much what the upper echelon in banking are saying now.
Shafaq News / Kurdistan Regional President Nechirvan Barzani said on Friday that the election of Mahmoud Al-Mashhadani as Speaker of the Iraqi Council of Representatives is a “positive step.”
He added in a statement in response to Shafaq News Agency, “I extend my sincere congratulations and congratulations to my dear brother Mahmoud Al-Mashhadani on the occasion of his election as Speaker of the Iraqi Council of Representatives, wishing him all the best.”
President Barzani continued, “We are confident that his election represents a positive step towards a new stage of cooperation and joint work between political forces in the political, administrative and legislative management of the country’s affairs.
He expressed his hope that “this election will contribute to strengthening national solidarity, and that it will push everyone to exert all possible efforts in order to serve the country in all its components. We look forward to the House of Representatives continuing its legislative role more effectively in promoting the legislative process and passing laws that serve the aspirations of the people and support the stability of the country and its future.”
On Thursday evening, the Iraqi Council of Representatives elected Mahmoud Al-Mashhadani as its president, after nearly a full year of political blockage and failure more than three times to resolve the file.
Frank26
They are so so close. Our elections, we're down to what, five days. These five days will be concentrated with so many concluding thoughts.
These remaining days of 2024 are so concentrated on the monetary reform policy.
Turkey: Development Road Designs Completed By 90%
Economy News – Baghdad
Turkish Minister of Transport and Infrastructure, Abdulkader Oaoglu, confirmed on Friday that the designs of the development road have been completed by 90%, while pointing out that the development path will have a role in linking the Gulf countries to Europe.
“Participation in the ministerial meeting of transport ministers was at the level of the four countries, Iraq, Turkey, the UAE and Qatar, and the presence in Iraq is valuable, which is the second meeting after the first edition in Turkey,” Oaglu said in a statement to the official agency.
He pointed out that “the world today needs other corridors linking countries and world trade, so the need for corridors and the development project will have an important and effective role to link the Gulf countries to Turkey and Europe until reaching London.”
He added that “the designs have now been completed by 90% and today through the meetings there was extensive consultation and meetings and we believe that the project will have a great role and economic benefit for Iraq and the region as a whole, so we are supportive of the project and we hope that it will be done in full.”
The ministerial meeting of the Iraqi, Turkish, Qatari and Emirati transport ministers announced yesterday, Thursday, and at the conclusion of the issuance of a statement on the meeting, stressing the adoption of the coordinating entity to manage the work of the development path project and a number of points promoting joint cooperation.
Transport Minister Razak Muhaibas Al-Saadawi read the statement, stressing that “the ministers held the second ministerial meeting and discussed the memorandum of understanding for joint cooperation on the development road project, which was signed on April 22, 2024 by the States parties, namely the Republic of Iraq, the brotherly state of Qatar, the brotherly United Arab Emirates and the Republic of Turkey. In order to activate joint cooperation between the countries parties and develop an effective mechanism to manage joint work, it was decided to establish the quadripartite ministerial council chaired by the Minister of Transport in the Republic of Iraq, the membership of the Minister of Transport in the brotherly State of Qatar, the Minister of Transport, Energy and Infrastructure in the brotherly United Arab Emirates and the Minister of Transport and Infrastructure in the Republic of Turkey, and accordingly The First Social Ministerial Council in Turkey was held on August 29, 2024. The Minister of Transport of the Republic of Iraq, the Minister of Transport and Infrastructure of the Republic of Turkey participated in the meeting in presence, His Excellency the Minister of Transport of the brotherly State of Qatar and the Minister of Transport, Energy and Infrastructure of the sisterly United Arab Emirates via video communication.
He added, “The Ministerial Council held its second meeting on October 31, 2024 in attendance in Baghdad, the capital of the Republic of Iraq, where a visual presentation was reviewed that includes the latest developments on the progress of the progress of work in the development path project (governance for the project) and the guarantee of the powers and tasks entrusted to each of the Ministerial Council, the executive team, the joint technical team and the secretariat, realizing the strategic importance of the development path project, emphasising the strong links between the States parties built on the basis of strategic partnership, brotherhood, good neighborliness, mutual respect and trust, continuing to develop joint cooperation between the States Parties to achieve common strategic goals, provide an example to follow in neighboring countries and stressing the importance of intensifying interdependence in among the States Parties through linkages with the Development Path Project.
Pimpy
We know Iraq relies too much on oil revenues for their money. At one time 96% of their budget relied on oil. I think it's down to 89%. Doesn't sound like a whole lot but that's a major jump for Iraq in the non-oil sector.
The more they can get away from relying so much on oil the better off they are.
The Development Road Project is going to be a biggie to help them generate a lot more non-oil revenue.
Will Iraq be the savior of the countries of the region if oil prices fall? Economic expert Safwan Qusay spoke about Iraq’s ability to co...
