With the participation of 80 companies.. Opening of the Iraq International Exhibition for Building and Construction, 13 DEC

 With the participation of 80 companies.. Opening of the Iraq International Exhibition for Building and Construction

12/12/2024  Baghdad - WAA - Hassan Al-Fawaz

Baghdad Governor Abdul Mutalib Al-Alawi opened the Iraq International Exhibition for Construction, Building and Infrastructure today, Thursday, while pointing out that most of the participating companies are from the private sector, which is the main partner in the process of construction, reconstruction and development.

Baghdad Governor Abdul Mutalib Al-Alawi said during the opening of the Iraq International Exhibition for Construction, Building and Infrastructure to the Iraqi News Agency (INA): "Today we opened this exhibition, which contains materials involved in the field of construction and reconstruction taking place in Iraq in general and especially in the capital, Baghdad.

He added, "The products of these companies on display are made with the latest technologies and we are in dire need of them as Iraq is witnessing a major urban renaissance, in addition to the market's need for such products," noting that "most of the companies participating today are from the private sector, which is the main partner in the process of construction, reconstruction and development in general."

He explained that "these companies come to Baghdad and display their products, and they will have a share in the Iraqi market and contribute to development in all governorates."

For his part, the Assistant Director General of the Private Sector Development Department at the Ministry of Trade, Mohammed Hanoun, confirmed to the Iraqi News Agency (INA), that "Iraq is witnessing a major urban renaissance that requires international, Arab and Iraqi companies to participate in the process of construction, rehabilitation and reconstruction, as well as strengthening partnerships between the Iraqi and international private sectors and giving a realistic picture of what Iraq is witnessing in terms of reconstruction and building."

He pointed out that "international companies provide many construction materials that will in turn contribute to the construction process that Iraq is witnessing, noting that "this exhibition, in its third edition, is the largest in terms of the participating companies and the quality of the materials on display."

He added, "We aspire to achieve a partnership between the Iraqi and international private sectors, and for state institutions to benefit from this exhibition in a way that enhances development, construction, reconstruction and investment in Iraq."   LINK

EXCERPTS FROM MARKZ, 13 DEC

 EXCERPTS FROM MARKZ

MZ: I have had many of my contacts let me know they cannot speak. A couple bond contacts told me the same thing after several meetings and phone calls they just had . 

MZ: Today I had a contractor just do the same thing….which is very unusual. He did have a meeting about a new rate but cannot say anything. That made me feel good. I was waiting for that to happen. It doesn’t give me an idea on timing…but know it’s closer rather than further. 

Member: silence really is golden!! 

TEXAS SNAKE; " THEY ARE IN FACT EXCHANGING AT NEW AND HIGHER RATE IN COUNTRY @DINARREVALUATION

 

The Iraqi Parliament... Frustrates Iraqis and Causes Huge Financial Losses, 13 DEC

 The Iraqi Parliament... Frustrates Iraqis and Causes Huge Financial Losses

The Iraqi parliament ended its second legislative session without being able to pass any of the pending controversial laws, despite extending its sessions for an additional month to try to resolve these sensitive issues.

At the forefront of these laws are the general amnesty, personal status, state real estate, and the vital amendment to the general budget law, which is seen as a renewed dilemma affecting the resumption of oil exports from the Kurdistan Region.

These issues reflect the deep-rooted differences between political parties, where factional, sectarian and national interests appear to be a solid barrier to any common understanding.

According to an informed political source speaking from Baghdad, “the delay in passing the laws was not due to the complexity of the texts as much as it was a direct result of party directives that prompted some representatives to deliberately miss sessions in order to disrupt the legal quorum.”

The source added that these directives are linked to what he called “rearranging political alliances” that precede any influential vote.

Citizen Ahmed Al-Saadi, an activist from Basra, commented in a Facebook post saying: “The House of Representatives lives in a parallel world; it discusses matters that concern its interests while the citizen suffers from crises in services and the economy. The budget is faltering, oil exports have stopped, and millions are being lost every day.”

A similar tweet on the X platform described the situation as “legislative chaos that reflects the collapse of the concept of the state in favor of the concept of class and party.”

The election of Mahmoud al-Mashhadani as the new speaker of parliament has sparked great controversy. Analysts have suggested that this change reflects an attempt to restore the image of the legislative institution, but the same analyses have not ruled out that the issue could turn into a mere change in names without achieving a fundamental change in performance.

Social researcher Ali Al-Jubouri said: “This election is like trying to treat a deep wound with a simple bandage. The problem lies in the quota structure that turns positions into fixed shares for parties and sects.”

On the other hand, obstructing the amendment related to the budget law will cause the state huge losses.

According to economic information published by a local financial institution, stopping oil exports from the Kurdistan Region costs Iraq more than $8 million per day, deepening the financial crisis for both the federal state and the region.

Kurdish citizen Saman Abdullah from Erbil spoke in a video clip he posted on Facebook, saying: “Political differences do not only harm Baghdad, but we in the region are paying the price directly. Employee salaries are delayed, and prices are rising without control.”

An analysis by economic expert Fadhel Al-Dulaimi explained that the crisis could become more complicated if it is not resolved in the coming months.

Al-Dulaimi said: “Without an agreement on the budget law and oil exports, the economic situation may explode, especially with the increase in debts and the decrease in cash reserves.”

The atmosphere inside the parliament is described as gloomy, according to what a citizen named Iman Al-Taie said on her X account, where she said: “The representatives are exchanging accusations via media platforms, while we have not seen any practical steps yet. Everyone blames everyone else, but it is the people who pay the price.”

Thus, the Iraqi parliament remains stuck in a vicious circle of disagreements, as its sessions turn into an arena for settling political scores instead of resolving crises. Analysts expect that this situation will continue as long as sectarian and nationalist quotas govern the state’s scene.  link

EXCERPTS FROM MNT GOAT, 13 DEC

 EXCERPTS FROM MNT GOAT

So, we are coming very close to the switch over from the currency auctions to the international process of currency exchanges to operate in Iraq. You must remember what they are going to do. 

They are just going to change over and operate once again like they were doing operating prior to the two wars. These wars and the sanctions also brought a stigma to the dinar, which they have been trying to overcome since.   

But there is some good news too and I laugh at how they news first is so harsh then they try to soften the blow with a nice, hopeful news. Let’s take a look at the article titled “UN MISSION: IRAQ HAS PROVEN TO THE WORLD THAT IT IS CAPABLE OF OVERCOMING CHALLENGES AND BUILDING THE FUTURE”

 The United Nations Assistance Mission for Iraq (UNAMI) confirmed today, Monday, that Iraq has proven to the world that it is capable of overcoming challenges and creating the future. The mission stated in a statement issued on the occasion of Victory Day in Iraq, and received by the Iraqi News Agency (INA): “On December 10, Iraq celebrates Victory Day, in commemoration of the liberation of its lands from the control of the terrorist organization ISIS. 

This day represents an important national milestone in which the country recalls the great sacrifices made by the Iraqis to restore their land and establish security and stability throughout the homeland.”

Opps there’s the restored security and stability announcement once again!!!  Speaking now to Iraq –  please don’t any longer use the excuse you need security and stability when how many articles have we read recently that they have restored security and stability to their country.

 Yes, please stop it! We know better now and so stop lying to us CBI

MNT GOAT: THERE ARE MANY ARTICLES THAT SAY THAT IRAQ HAVE A RESTORED SECURITY & STABILITY.

Strengthening Iraq’s position”: Praise for Al-Sudani and Al-Halbousi’s regional and international moves, 13 DEC

  Strengthening Iraq’s position”: Praise for Al-Sudani and Al-Halbousi’s regional and international moves

Political analyst, Aid Al-Hilali, praised today, Wednesday, the regional and international moves made by Prime Minister Mohammed Shia Al-Sudani and the head of the Progress Party, Mohammed Al-Halbousi, to enhance Iraq's position and have a role in shaping the region's policies in the future.

Al-Hilali told Al-Jarida, “Iraq, with its careful and balanced stance, has gained the respect and appreciation of the regional and international environment, and the moves made by the Prime Minister at various levels in the issue of openness to the Arab and international environments come in order for Iraq to have a role in shaping the region’s policies in the future. This is a result of Iraq’s great recovery and the agreements and partnerships signed by the Iraqi government with countries of the world, and these connections have great effects on Iraq’s position.”

He added, “There are also political parties that have worked to open channels for dialogue, especially with the United States of America, and one of these figures is Mohammed al-Halbousi, who returned the visit to America and was well received there. This visit received different reactions, between those who welcomed it and those who doubted it, but it seems that al-Halbousi’s visit is in the interest of Iraq and the Iraqi government and greatly supports the position of the Iraqi government.”

He pointed out that “Al-Sudani’s visit to Jordan today and before that his contact with the Emir of Qatar confirms Iraq’s firm and steadfast position and strengthens its position and makes it steadfast in its position, and this stance will be credited to Iraq and Al-Sudani, and despite some political leaders issuing irresponsible statements, Al-Sudani’s rationality, calmness and balance were positively reflected in Iraq’s position.” link