Governments are storing thousands of tons of gold bars in their vaults, as the precious metal is a safe haven. Iraq has become among the most tulling countries in the world to buy gold and strengthen its reserves of the yellow metal.
The economic website “RBK” published a report, based on data from central banks around the world, the International Monetary Fund, the World Bank and the World Gold Council, which highlighted countries’ purchases of the yellow metal from 2013 to 2023.
According to the report, central banks in the world’s purchases at the end of 2023 amounted to about 1037 tons of gold, which is the second largest volume purchased on an annual basis ever.
The report showed that Russia, China and Turkey were at the forefront of gold purchases in the said period, with the three countries’ purchases of 2,903 tons of resonant yellow.
MarkZ: Article: “MP (Member of Parliament) Likely to resolve 3 major laws this week.“ Are they hiding HCL in here?
They have extended the legislation until Dec. 10th which is Victory Day.
Militia Man: They are talking about it today. Real Estate in Kirkuk is part of article 140 of the HCL.
These laws are really important and they have already been read twice and they could be working on it right now and we wouldn’t know yet. It will be big news once it pops. I believe it is on the table and could happen at anytime during this session.
Prime Minister Mohammed Shia Al-Sudani met on Monday in Riyadh with the Crown Prince of Saudi Arabia Mohammed bin Salman bin Abdulaziz, on the sidelines of the Joint Arab and Islamic Summit, hosted by the Kingdom to discuss the ongoing Zionist aggression on Gaza and Lebanon.
A statement from his office, a copy of which received {Euphrates News}, said that “During the meeting, bilateral relations between the two countries were discussed, which have recently witnessed a development in several fields. The developments of the situation and positions were also reviewed, and the worsening of humanitarian conditions in the occupied territories and southern Lebanon, where the two sides stressed the need to coordinate positions and mobilize efforts to stop the war, and relieve the Palestinian and Lebanese brotherly peoples, and the Sudanese Mreed the Sudanese master appreciated the efforts made by the Kingdom of Saudi Arabia to hold the summit that Iraq previously called for.
The Prime Minister reiterated “Iraq’s firm and principled position in supporting efforts to prevent the expansion of the conflict in the region, and that major countries and international and international organizations take all their legal and moral responsibility to prevent the continuation of the genocide against the Palestinians in Gaza, and international work to relieve the afflicted and stop the Zionist efforts of destruction.”
German bastidas leader from pentecostal group is stating that his group again win the case against the government claim of fraud and the banks and the courts posted in the news papers they are honest and legit ,
that also all pentecostal group international are done that the groups of Brazil, New York, already got the one % and also those groups will help the pentecostal group of Colombia start the blessings in five days that leader Betzabe also will start contact all leaders in five days also with help of God,
that also he said he will be closing his table . Any updates i will be posting Mr salvage.
Experts: Faw Port Is Iraq's Gateway To A Global Economic Future
Economic 2024/11/11 Economic circles agreed on the importance of opening five berths within the Grand Faw Port project, and considered it the first step towards correcting the paths of the Iraqi economy, as the project represents the first step in an ambitious policy to create major infrastructure in the country, serving all sectors without exception, and is an acceptable approach to diversifying the Iraqi economy and providing opportunities for a wide segment. It is hoped that the project will be completed in its three phases in 2028 with a total capacity of 91 million tons annually.
Prime Minister Mohammed Shia al-Sudani, who sponsored the ceremony of receiving the five berths of the Faw Port from the Korean implementing company, described it as “the people’s project,” and that it “gains great importance due to its connection to the development road project, which will link, starting from the Grand Faw Port, the economies of most countries in the region, and will be an outlet for achieving economic integration,” noting that Iraq remains a fundamental pillar in the global economy, and a historical part and passageway of the most important international exchange routes.
The Five Platforms
Al-Sudani pointed out the importance of the five docks in the Grand Faw Port, as they represent the backbone of the port project in its first phase, which will be completed next year according to the previous timetables. Huge commercial ships with large drafts have already docked on the port docks.
Real Transformation
Chairman of the Federation of Chambers of Commerce, Abdul Razzaq Al-Zuhairi, described the opening of the five berths in the Grand Faw Port as a real transformation in the paths of national and global trade.
He said: Today we are facing a launch to serve the national economy, as we have actually begun to revive the Iraqi infrastructure in the ports sector, as this step represents an advancement to the global level of services provided to the national economy.
The Biggest Project
Al-Zuhairi added that the port’s capacity for all its phases exceeds 90 million tons annually, a number that reflects the extent of the work required in this project in particular. When the larger project, the development road and its facilities and the Grand Faw Port, are completed, there will be a need for millions of specialists, and here everyone can imagine the reality of the performance required in such locations.
He pointed out that the country is facing a new phase and new institutions, which are being created with the development of work in this site, which has become global, as it has become the focus of attention of the world's major economies in the East and West of the world.
Starting Point
Economic expert Mitham Al-Bolani confirmed that the starting point of the development path is the port of Faw, which has become a reality in economic life and the first real infrastructure for developing the national economy and has a positive impact on the global economy, especially since the development path is being implemented in an Iraqi-Turkish-Emirati-Qatari partnership, and that the Turkish side, in its first steps, concluded a quadripartite agreement with Hungary, Serbia and Bulgaria with the aim of delivering goods to the farthest parts of the world.
He stressed that the port of Faw represents an important starting point for global trade in various directions, and thus this port has great economic feasibility, especially with the existence of the development road, as the port and the road complement each other, pointing out that Iraq will be a fertile and mature investment destination for manufacturing industries at the present time at the very least and strategically in the future.
Geographical Area
It is noteworthy that the member of the Parliamentary Finance Committee, Mustafa Al-Karawi, said in a statement to the Iraqi News Agency (INA): The opening of the five docks and the completion of the investment in the Faw Port will contribute to supporting the development path, in addition to the fact that it will be part of the Silk Road, indicating that Iraq is located in a geographical area that makes it a link between the major countries, China and Europe.
Global Trade
Development Consultant Amer Al-Jawahri said: The Grand Faw Port is the first real step that facilitates the reality of global trade and connects the West of the world to its East by the shortest and least time-consuming routes. It will also enhance the volume of international trade for Iraq with the countries of East Asia, where there is a large volume of trade and achieves fluidity in this aspect.
He pointed out that completing all stages of the Grand Faw Port, as a starting point for the development path, will enhance the reality of the Iraqi economy, and Iraq will be a real attraction point with great and sustainable benefit for Iraq.
Executive Body
He pointed out that Iraq, through this port, will be of new benefit to European countries and the West in general, and they will develop tendencies to invest in Iraq and its regions close to this project.
Al-Jawahiri recommended establishing the executive body for the development road project, of which the Faw Port is an important part, complementary to the new road and railway projects and other projects in more than one economic joint, which is considered a necessity for this project.
Make Agreements
He pointed out the importance of concluding agreements with several countries that have a direct impact on the process of managing the integrated project, starting with the port and the development path with all its institutions.
He stressed the necessity of forming the Faw Economic Zone Authority, which will handle the issues of economic and industrial cities and the technological city, all the way to the tourist city, which is an important part of the region and of great benefit. Here, we stress the necessity of forming institutions and the authority with legislation, so that it will transcend the successive governments that have managed the country.
