Monday, November 25, 2024

FRANK26……11-25-24……IN 2 WEEKS

FRANK26: "NOTICE ALL THE BANKS THAT ARE RELICENSED" , 26 NOV

 KTFA

FRANK26: "NOTICE ALL THE BANKS THAT ARE RELICENSED".....F26

Trade Bank of Iraq announces plan to open new branches


    11/23/2024

Baghdad - WAA

The Trade Bank of Iraq (TBI) announced today, Saturday, a plan to open a number of new branches.

The media advisor of the Trade Bank of Iraq (TBI), Aqeel Al-Shuwaili, said that “the plan included opening an office for the bank in SOMO Oil Marketing Company in Rusafa and a cash deposit office in Karkh in the Red Crescent Society in Al-Mansour area, as well as opening a branch in Al-Mansour in Karkh on 14 Ramadan Street, in addition to opening a branch in Karkh in Al-Saydiyah area, in addition to opening a branch in the governorate center in Samawah city in Al-Baraka Mall.

The statement indicated that “the plan also included preparing to open other new branches, namely the Ziona branch in Rusafa, the Tikrit branch in Salah Al-Din Governorate, a branch in Basra Governorate, and the Diwaniyah branch in Al-Qadisiyah Governorate.” 

LINK

 

TIDBIT FROM MARKZ, 26 NOV

 MarkZ 

  [via PDK] 

  “Commission: This week will witness the ratification of the results of the Kurdistan Parliament elections”  More news for the HCL?  I was always told once

 the official announcement that HCL has passed has occurred- we were within days of the RV. That is why we keep watching it

  Question:  How long will we have to make appointments after the RV? 

 MarkZ:  I heard 30 days. But some contacts believe it will be more like 90 days. 

MNT GOAT: "We are still seeing lots of news from Iraq on educating the citizens in many areas"

 


Al-Alak: An Arab consensus on the role of central bank programs in addressing challenges, 25 NOV

 Al-Alak: An Arab consensus on the role of central bank programs in addressing challenges

Mawazine News – Baghdad

Central Bank Governor Ali Al-Alak stressed that the bank focuses on an unconventional policy of direct engagement in the economic stimulus process through its initiatives that support the expansion of the productive base and green projects, while pointing to the existence of an Arab consensus on the role of central bank programs in addressing the challenges.


Al-Alak said in a statement to the official agency, followed by “Mawazen News”, on the sidelines of his participation in the opening of the Arab Week for Sustainable Development Forum in its fifth edition held in the Egyptian capital Cairo, “One of the main axes on which this forum focuses is the role of the banking sector in the sustainable development process, as well as the great challenges facing the Arab economies in terms of the weakness of the productive base, the weakness of financial inclusion and many obstacles that are constantly geneding, and today we also talk to climate change and its impact on the economy and the role of central banks and the banking sector in addressing challenges and risks.”


He added that “there is consensus that the role of central banks and the banking sector has become a pivotal and essential role that should be focused on and willing to develop awareness towards these risks and turn them into real treatment programs.”


“The central bank also focuses as one of the world’s central banks on the unconventional policy of central banks through direct and indirect engagement with economic stimulation through various initiatives that try to expand the productive base as well as green projects,” he said.
He explained that “as a result, the Central Bank gave a license to establish the Green Bank, which will be one of the important links, as well as other projects that support the financing of small and medium-sized enterprises, expanding the base of engagement.”


He pointed out that “the Central Bank supported a broad government program that took a national dimension and represented the process of digital transformation, which is one of the government’s priorities, and we are working together with the direct support of the Prime Minister to provide the requirements of this transformation, which is a fundamental pillar of the digital economy in general.”


He stressed that “these are these important axes, which are being focused on in this conference with a conscious and accurate diagnosis, familiarity and familiarity with all the conditions surrounding the economic challenges, which have also become linked to the challenges of the situation in the region and what requires wise management of the risks that surround the Arab countries.”

https://www.mawazin.net/Details.aspx?jimare=256889

EXCERPTS FROM MARKZ, 25 NOV

 EXCERPTS FROM MARKZ

Member: A lot of rumors are pointing to tomorrow 

MZ: Yes there are a lot of rumors about tomorrow…I’m trying to stay calm and see what happens. 

Member: Lots of good stuff this weekend from MM and Nader

Member: wolverine says he is now under an NDA. 

​​Member: Wolverine is a Bondholder. If he said he signed an NDA, he did.IMO…. Bondholders have stopped talking, fyi..

MZ: On the rumor side – I am waiting for bond contacts to sound off today.  Its Monday and I rarely have a morning update. 

MZ: On the group side and the bank side- there is a lot of chatter about tomorrow morning. Some of the group contacts do have me excited though. Not saying it’s going to happen…but there is a possibility of it tomorrow so we have a great Thanksgiving. Pray that hopefully this is it. 

MARKZ : A lot of rumors are pointing to tomorrow @DINARREVALUATION