Iraq to reopen Mosul International Airport in 2025, 25 NOV

 Iraq to reopen Mosul International Airport in 2025

The spokesperson of the Iraqi shipping Ministry, Maitham Al-Safi, found out on Saturday that Mosul global Airport is predicted to be opened in 2025.

In a declaration to the Al-Safi indicated that 86 percent of the airport’s rehabilitation procedure is completed.

In overdue October, the Iraqi Minister of delivery, Razzaq Al-Saadawi, said that the airport became constructed in keeping with international specifications.

After present process sizeable paintings to upgrade its runway and facilities, the airport reopened on December 2, 2007. In 1990, it turned into first installed as a civil airport.

whilst the terrorist organization ISIS took ownership of the airport in June 2014, it have become an vital navy vicinity. They held it until February 23, 2017, whilst Iraqi troops reclaimed it.

reviews mentioned that terrorists sabotaged runways and gadget, causing enormous damage to the airport during the ISIS occupation.

maintenance of Mosul global Airport commenced after it become liberated. De-mining operations have been finished by using November 2019, and arrangements for a comprehensive reconstruction were commenced.

In December 2020, the Iraqi government signed agreements with Aeroports de Paris Ingenierie and SEA Milan Airports for the reconstruction of the airport.

The rehabilitation of the airport in northern Iraq is taken into consideration critical for improving regional connections and helping in the local economy’s revival after years of warfare.

moreover, the healing of Mosul international Airport represents a first-rate milestone in the healing of Iraq’s transportation system and infrastructure, particularly for the humans of Nineveh governorate.

DINARLAND UPDATE, 25 NOV

 DINARLAND UPDATE

Summary

Iraqi Dinar updates reveal potential changes in governance, economic agreements, and cautious projections on currency value.

Highlights

• 🏛️ Parliament plans to dismiss Central Bank Governor Ali Alak.
• 📅 Legislative session expected to resume next week before December 10th.
• 💵 Nater predicts dinar will not exceed $4 upon reinstatement.
• 📉 Frank 26 cautions about speculative investments in the dinar.
• 🇺🇸 American companies sign trade agreements in Kurdistan.
• 📊 Census results may impact fund distribution and dinar value.
• 🔋 Discussions with Putin highlight energy strategies impacting exchange rates.

Key Insights

• 🏛️ Parliamentary Action: The potential dismissal of Central Bank Governor Ali Alak signals a shift in monetary policy and governance, crucial for future economic stability. 🏛️
• 📅 Legislative Session: The upcoming parliamentary session aims to finalize key legislation, including the HCL, which is essential for economic reform and investor confidence. 📅
• 💵 Dinar Value Predictions: Experts suggest the dinar may stabilize around $3 to $4, emphasizing that unrealistic expectations can lead to disappointment for investors. 💵
• 📉 Speculative Investment Risks: Frank 26 reminds investors that the dinar is not a quick wealth scheme, warning that significant value changes could take years based on Iraq’s economic performance. 📉
• 🇺🇸 Foreign Investment Growth: The agreement between American companies and Kurdistan to enhance trade indicates a positive trend for economic development and potential currency strength. 🇺🇸
• 📊 Census Impact on Value: The anticipated census results are expected to be pivotal in determining fund distributions and could lead to a revaluation of the dinar, affecting overall market dynamics. 📊
• 🔋 Energy Discussions: Conversations between Iraqi leaders and Putin highlight the importance of energy resources in shaping Iraq’s economic future and their influence on exchange rates. 🔋

FIREFLY: ECONOMIST ON TV ARE EXPLAINING THE PROCESS OF THE RV AND THAT THE PLANS OF RV IS DONE!!

 

Al-Fath: Brexit will topple the dollar and end Washington’s dominance, 25 NOV

 Al-Fath: Brexit will topple the dollar and end Washington’s dominance

Member of the Fatah Alliance, Ali al-Zubaidi, showed nowadays, Monday, that the us imposes its electricity on many countries and considers itself the authority over the world thru the dollar, mentioning that the success of China and Russia in growing a new international forex, Brexit, will overthrow the us greenback and quit Washington’s dominance.

Al-Zubaidi stated in a statement to dinaropinions.com, “the us policies the world thru the greenback, because it works to print this worldwide forex and thru it controls diverse sorts of oil and non-oil sales for many nations.”

He introduced, “the usa will disintegrate drastically, and with it the electricity it imposes on the arena will fall apart if Brexit succeeds, as China is presently running along North Korea, Russia, Iran and other international locations to create a brand new worldwide

MILITIAMAN CC HIGHLIGHT NOTES , 25 NOV

 MILITIAMAN CC HIGHLIGHT NOTES 

Summary

Iraq’s Central Bank is finalizing its new building, Turkey supports Kurdish oil exports, and budget amendments are on the agenda, signaling economic progress.

Highlights

• 🏦 Central Bank of Iraq is moving to a new building.
• 🔄 Turkey emphasizes stability in Iraq and oil export progress.
• 📊 Iraqi Parliament to discuss budget amendments for 2023-2025.
• 🚧 Development Road Project gains traction with Turkish cooperation.
• 💰 Iraq’s banking sector reform aims for global integration.
• 📈 Focus on reducing oil production costs and boosting GDP.
• 🌍 International firms engaged for banking and economic strategy.

Key Insights

• 🏗️ The Central Bank’s move indicates preparation for increased economic activities, crucial for Iraq’s financial stability.
• 🛢️ Turkey’s involvement in oil exports reflects a strategic partnership that could enhance regional stability and economic growth.
• 📜 The upcoming budget discussions are critical as they could pave the way for necessary economic reforms and investments.
• 🌉 The Development Road Project illustrates Iraq’s commitment to infrastructure, enhancing trade routes to Europe and beyond.
• 💳 Banking reforms are set to elevate Iraq’s financial sector, promoting competitiveness and attracting foreign investments.
• 📉 Lowering oil production costs can significantly impact Iraq’s economic health, improving fiscal stability and revenue generation.
• 🌐 Collaborations with international firms signify Iraq’s intent to align with global financial standards, enhancing credibility and investment potential.

NADER FROM MID EAST : Salah talking finance Iqd Iraq

The Iraqi government is working to develop a competitive banking system and support the private sector, 25 NOV

 The Iraqi government is working to develop a competitive banking system and support the private sector

Mawazine News – Baghdad

The financial adviser to the Prime Minister, Mazhar Mohammed Saleh, announced on Sunday the government’s efforts to develop a banking system based on the foundations of the competitive market, explaining that the government has commidated two international companies to study the Iraqi banking market with the aim of improving performance and regulating the banking sector.


Saleh said in a statement to the official agency, followed by “Mawazin News”, that “the government strategy for banking reform began with the government banking sector, with the aim of isolating government financial operations from the development of the banking market, as the traditional government sector dominates 88% of banking activity, which causes confusion between government operations and the market. ”


He explained that the government aims to create a competitive banking system that provides modern banking services in line with the country’s digital payments policy, with the aim of achieving actual and digital financial inclusion. He added that “the private banking sector is also going through an evaluation phase and there are opportunities for voluntary integration between banks seeking an international strategic partner.”


In the same context, Saleh stressed that the ultimate goal is to achieve integration into the banking market that enhances competitiveness, homogeneity, compliance and governance, thus integrating the national banking market with the global market.


Saleh also indicated that the government is working to strengthen the development partnership with the private sector by granting sovereign guarantees to the industrial sector to finance international loans for production lines for the most important industrial projects in Europe and Japan, and expanding support for the agricultural sector.

He stressed that the government aims to increase the contribution of the private sector to GDP from 37% to more than 54% in the coming years by providing development financing and supporting private projects, including the Iraq Development Fund and Riyada Bank.