Monday, December 16, 2024
Strategic” project: Iraq signs contract for three electricity stations with World Bank funding, 16 DEC
Strategic” project: Iraq signs contract for three electricity stations with World Bank funding
Shafaq News/ On Sunday, Iraq signed a contract to build three secondary electricity transformer stations in Basra province, with a capacity of 3×90 MVA and a voltage of 132/33 kV, funded by the World Bank.
The Ministry of Electricity stated that Minister Ziad Ali Fadhil presided over the signing ceremony. “The project, to be carried out by a consortium of two Turkish companies, BEST & BETAS, with advisory supervision from German company Antak Kuba, is expected to be completed within 18 months.”
The three stations will be located in vital areas in Basra. The Al-Qibla station will be built in the provincial center to serve densely populated areas, while the Al-Ghadeer station will be located in the Al-Ghadeer neighborhood to meet the needs of residents and service projects. The Al-Faiha station in the Shatt al-Arab district will serve residential areas and service projects.
During the signing ceremony, Fadhil emphasized the “strategic” project’s importance, noting that “the new stations will boost electricity supply, alleviate network congestion, provide reliable power, and stabilize the province’s electrical system.”
Notably, this project is part of the Ministry of Electricity’s efforts to enhance the electrical network’s infrastructure and improve power service across Iraq.
Shafaq.com
ARIEL : πππ πππ’ππ‘ππ£π π πͺπ’π₯: ππ«ππ£π©π¨ ππππ© πΎππ£ πΌπ‘π©ππ§ ππ©, 16 DEC
ARIEL
πππ πππ’ππ‘ππ£π π πͺπ’π₯: ππ«ππ£π©π¨ ππππ© πΎππ£ πΌπ‘π©ππ§ ππ© December 15th is the anniversary of the Bill of Rights being ratified in 1791, a cornerstone of freedom and individual rights in America. Donald Trump said the Golden Age has already begun. There are 22 Q-Drops that have the date December 15th. One has Gitmo (Operators Standing By) 369(2)-Note Numerological patterns show December 15th carries a 3/6/9 vibration, linked to manifestation, change, and energy realignment. The 1st date of crypto regulation starts today regarding fair market value of those assets by FASB ASU. Certain military insider posts suggest “The Storm” timeline accelerates after December 15th, pointing to potential covert operations becoming public. The Simpsons had an episode about December 15th and internet or radio blackouts. Will this happen? Possibly/Not. But it is notably relevant. Tesla’s 369 energy code often resurfaces in connection to significant global shifts, and Q-Drop 3692 ties this to operators standing by at Gitmo. For Iraq Dec 15 is beginning of the new financial year. So ofcourse you can expect oil contracts and the budget tables to be settled. (Exchange Rate Change) A growing number of financial analysts and observers have pointed to December 15th as a "pivot date" for the potential reset of global markets, aligning with ongoing speculation of Iraq’s financial announcements.
The President of the Republic stresses the importance of Sistani’s visions and his keenness on the stability of Iraq and his avoidance of regional tug-of-traws, 16 DEC
Baghdad today –
His Excellency the President of the Republic, Dr. Abdul Latif Jamal Rashid, received on Sunday (December 15, 2024) in Baghdad, the Representative of the Secretary-General of the United Nations in Iraq, Mr. Mohammed Al-Hassan.
During the meeting, they reviewed the general situation in Iraq, as well as the developments of the regional scene, especially the developments in the situation in Syria, and efforts to reach solutions that ensure the unity and stability of Syria.
His Excellency the President of the Republic has explained the importance of the role played by the International Mission in supporting stability and development in Iraq and facing current challenges.
His Excellency also stressed the importance of seeing His Eminence the Supreme Reference, Sayyid Ali Al-Sistani, in light of the speech of the Supreme Reference with the representative of the Secretary-General of the United Nations, and the keenness of His Eminence on the stability of Iraq, and his distance from regional tragments.
For his part, Mr. Al-Hassan affirmed the commitment of the United Nations to maintain the sustainability of the gains achieved in Iraq at the security and developmental levels and to seek to strengthen them.
DINAR REVALUATION REPORT: IRAQ PASSES CONSTITUTIONAL LAW FOR AN INTERNATIONAL DINAR, 16 DEC
DINAR REVALUATION REPORT: IRAQ PASSES CONSTITUTIONAL LAW FOR AN INTERNATIONAL DINAR
Summary
Iraq has passed a constitutional law for the internationalization of the Iraqi Dinar and appointed new banks for currency exchange, signaling a digital transformation.
Highlights
- π¨ Iraq passes constitutional law for international Dinar.
- π New banking regulations align with global digital standards.
- πΌ Tier 1 banks preparing for currency exchanges.
- π Digital payment regulations foster foreign investments.
- π¦ CBI controls the Iraqi Dinar currency value.
- π Digital payment systems enhance financial transparency.
- π The law is part of Iraq’s economic reforms for international readiness.
Key Insights
- π Constitutional Law Passed: Iraq’s new law signifies a commitment to transitioning the Dinar to international status, critical for future economic growth.
- π Global Standards Alignment: The digital payment regulations align Iraq’s financial system with international practices, enhancing its attractiveness to foreign investors.
- π¦ Tier 1 Banks Involvement: Major banks, including JP Morgan and City Bank, are preparing for currency exchanges, indicating a robust financial infrastructure.
- π³ Digital Transformation: The laws facilitate the digitization of currency transactions, essential for Iraq’s integration into the global economy.
- π Consumer Protection: New regulations protect consumers in digital transactions, ensuring a safer financial environment for all citizens.
- π Economic Resilience: The digital payment initiatives hint at a more resilient economic future for Iraq, promoting innovation and efficiency.
- π Future of Currency: As the banking system transitions to digital, the Iraqi Dinar is poised to gain international recognition, enhancing its value.
Subscribe to:
Posts (Atom)
-
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...
-
Bank appointment for Currency EXCHANGE Instructions/Checklist Bank Name_________________________________________ Bank 800#____________...
-
Walkingstick All these meetings that the CBI had with all these agencies that were helping them with their monetary reform are done. Al...