Monday, November 18, 2024
Thirty US companies visit Kurdistan Region, new agreement signed to enhance trade and investment, 18 NOV
Thirty US companies visit Kurdistan Region, new agreement signed to enhance trade and investment
Shafaq News/ Kurdish and American companies signed an agreement to enhance coordination in trade and investment, the Kurdistan Region’s Board of Investment announced, on Sunday, during a visit by a delegation of 30 American companies.
In a press conference attended by Shafaq News correspondent, the Head of the Board, Mohammed Shukri, explained that “the American delegation met with Kurdistan Regional Government (KRG) Prime Minister Masrour Barzani before holding a joint meeting at the Erbil Chamber of Commerce.”
The meeting included local business leaders and members of the Board of Investment, aiming to strengthen commercial cooperation and increase American investments in the region.
“Foreign expertise represents a significant opportunity to support Kurdistan’s economic and commercial sectors to achieve further growth,” Shukri emphasized.
“Kurdish and American businessmen agreed to enhance coordination and expand the scope of trade and foreign investments, despite current economic challenges,” he revealed.
Shafaq.com
TIDBITS FROM MARKZ & MILITIAMAN, 18 NOV
MarkZ & Militia Man
Question: What is your gut feeling on timing...?
MarkZ: I’m feeling real good it’s before the end of the year…real good.
Militia Man: I like where we are and there is evidence that supports it happening this year...I am hoping it’s within a 10 day window. MarkZ: It very well could be.
How does the census support the national economy and the development plan 2024-2028?.. Detailed explanation, 18 NOV
Baghdad Today – Baghdad
The expert in economic affairs Nawar Al-Saadi revealed on Sunday (17 November 2024) the strategic importance of the upcoming census in Iraq, pointing to its pivotal role in supporting the national economy and achieving sustainable development in accordance with the government’s development plan 2024-2028.
Strategic tool for development
“The population census represents a pivotal step that may significantly affect the economic and social situation of the country in the future,” Al-Saadi told Baghdad Today.
He explained that “this census is not just a census of the population, but is a strategic tool for determining the details of the demographic composition, such as the age of the population, their place of residence, and the level of their education.”
He added that “these data will be the basis for building sustainable development plans based on actual needs, which enhances the state’s ability to achieve economic and social development.”
Positive economic impacts
Al-Saadi continued: “Among the expected positive effects, the census will provide government and private companies with accurate information to make smarter investment and economic decisions. For example, this data can be used to distribute resources more eairly between governorates, or to improve urban planning and public services.”
He pointed out that “the census may enhance the role of the private sector and reduce dependence on the public sector, which is in line with the government’s plans to achieve economic balance within the development plan 2024-2028.”
Challenges and potential repercussions
On the other hand, Al-Saadi warned of “negative repercussions that may occur if you do not exploit the data correctly.”
“The census may reveal serious problems, such as high unemployment rates or lack of infrastructure in some areas, which can lead to increased social tensions if these issues are not addressed quickly and effectively,” he said.
He stressed that “the absence of careful planning for the post-census may keep Iraq in the circle of dependence on inaccurate estimates, which weakens development opportunities.”
A historic opportunity or a missed move?
Al-Saadi concluded by saying: “The success of the census depends on Iraq’s ability to use its results effectively to develop comprehensive economic and social policies. If done, the census could be a turning point towards sustainable development and social justice. If its results are neglected, this step may turn into another missed opportunity added to the challenges facing Iraq.”
Economists see Iraq’s upcoming census as a pivotal step in achieving economic and social balance, but its success depends on effective planning and implementation of the post-census.
As government efforts to support sustainable development continue, the hope remains to seize this opportunity to establish an accurate database that leads to smarter and fairer development decisions.
TIDBIT FROM MNT GOAT, 18 NOV
Mnt Goat
...if you take the monetary mass of Iraq then do the math of the about 150 tons of acquired gold in their reserves, you can easily see that when they shrink the monetary mass, these reserves could cover the entire monetary mass of dinars in circulation.
WOW! Yes, it could potentially cover 100% not just a percentage of the dinars in circulation, if all goes according to plan...
Isn’t this then the financial “stability” that the CBI keeps telling us it needs to conduct the project to delete the zeros?
ABOUT THE NEW PEG FOR THE DINAR BY MNT GOAT, 18 NOV
Mnt Goat I had an interesting conversation with my CBI contact...Wednesday. We talked about the new peg for the dinar. The new peg...
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Frank26 [Bank story] This time we didn't go down, we just called [the bank]... We said we want to see if we can exchange some cu...
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Bank appointment for Currency EXCHANGE Instructions/Checklist Bank Name_________________________________________ Bank 800#____________...
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Walkingstick All these meetings that the CBI had with all these agencies that were helping them with their monetary reform are done. Al...