PM: A need to support the dialogues of national forces to form the KRG, 22 DEC

PM: A need to support the dialogues of national forces to form the KRG

PM Muhammed S. Al-Sudani met on Saturday with the President of the Patriotic Union of Kurdistan - PUK, Bafel Talabani.

The meeting reviewed the country’s overall situation, highlighting the vital role of political forces in supporting the government’s efforts to achieve its program objectives and drive comprehensive development aimed at enhancing service delivery as well as strengthening economic conditions, said the PM Media Office in a statement - received by the Iraqi News Agency - INA.

They covered shared perspectives on various national issues, emphasizing the importance of fostering dialogue among political forces in the Kurdistan Region of Iraq to expedite the formation of the Kurdistan regional government. ;

"This follows the successful parliamentary elections held last October. Additionally, the discussions focused on enhancing cooperation and coordination between the federal government and the next regional government across security, political, and developmental fields," included in the statement.

TNT UPDATE, 22 DEC

 TNT 

Tony today says banks, down to the branch level, received a memo saying they were going to be exchanging new currencies, as early as 5:00 today or this weekend. 

In Iraq, multiple contractors were paid at a rate of $3.91. 

Citizens were told that a 10,000 dinar note would now be worth 10 dinars.

 All T4B must be finished exchanging by December 31, with no exchanges on Christmas Day.

GOLDILOCKS: Banks Preparing For New Currency Exchanges - ALL Test Completed @DINARREVALUATION #iraq

 

Al-Sudani receives an official invitation to visit Sultanate of Oman, 22 DEC

 Al-Sudani receives an official invitation to visit Sultanate of Oman

PM Muhammed S. Al-Sudani received an official invitation to visit the Sultanate of Oman on Saturday.

Al-Sudani received the Minister of Foreign Affairs of the Sultanate of Oman, Badr bin Hamad al-Busaidi as the guest minister delivered a written message from the Sultan of Oman, Haitham bin Tariq, which included an invitation to visit the Sultanate, said the PM's media office in a statement - received by the Iraqi News Agency - INA.

He praised the development of bilateral relations, and the desire to expand the horizons of cooperation "for the benefit of the Iraqi and Omani peoples. "

During the meeting, they discussed the need to strengthen ties between the two countries and enhance bilateral economic and trade exchange, especially the oil derivatives sector as the Iraqi-Omani Joint Committee will be held during the visit of the Omani Foreign Minister at the level of the foreign ministers of the two countries for the first time since its formation." 

They highlighted the latest developments in the Arab region, events on the Syrian scene, and "the necessity of coordinating positions between Arab countries in order to consolidate stability, and confirming what Iraq called for in terms of preserving the integrity of Syrian lands, 

their unity and sovereignty, as well as protecting the ethnic, social and cultural diversity of the Syrian people, in addition to supporting their free choices. The repercussions of the continued aggression on Gaza were also discussed, as well as ways to enhance the steadfastness of our Palestinian people, in addition to the necessity of efforts to consolidate the ceasefire in Lebanon."

CHELLA CC HIGHLIGHTS NOTES, 22 DEC

CHELLA CC HIGHLIGHTS NOTES

Summary

CH Smith hosts a live news update on Iraq, covering the stock exchange, banking reforms, and tourism developments while encouraging community engagement during the holiday season.

Highlights

• 🎥 Live Stream: CH Smith experiments with a multi-platform live stream for engaging discussions.
• 🎄 Holiday Spirit: Emphasizes family and community during the festive season, sharing personal experiences.
• 📈 Stock Performance: Iraqi Stock Exchange traded over 27 billion dinars, reflecting economic activity.
• 🌍 Currency Expansion: Central Bank of Iraq expands external transfer channels to include multiple foreign currencies .
• 🏛️ Tourism Boost: Iraq designated as the Arab tourism capital for 2024, promoting cultural heritage.
• 🤝 Community Donations: Thanks viewers for contributing to charitable efforts for North Carolina families in need.
• 📊 Economic Growth: IMF predicts a 5.3% growth rate for Iraq in 2025, signaling positive economic trends.

Key Insights

• 📺 Innovative Engagement: The live format fosters real-time interactions, making news more accessible and engaging for the audience, enhancing community bonds.
• 🎉 Community Connection: Smith’s emphasis on holiday activities shows the importance of maintaining personal connections while delivering news, making the update feel more relatable.
• 📈 Stock Exchange Activity: The significant trading volume in the Iraqi Stock Exchange indicates a robust market environment, attracting potential investors and signaling economic health.
• 💱 Currency Diversification: The Central Bank’s initiative to expand currency options for external transfers may stabilize the economy, reduce reliance on the dollar, and foster international trade relations.
• 🌍 Tourism Development: Iraq’s recognition as an Arab tourism capital could lead to increased investment in infrastructure and promote cultural tourism, benefiting the local economy.
• ❤️ Charitable Impact: The successful donation drive for families in need illustrates the power of community support and mobilization, reinforcing social responsibility among viewers.
• 📊 Positive Economic Forecast: The IMF’s growth prediction reflects Iraq’s ongoing economic reforms, highlighting the potential for recovery and stability as it navigates political challenges.

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

 

PM Advisor: Government program aims to raise non-oil revenues to 20%, 22 DEC

PM Advisor: Government program aims to raise non-oil revenues to 20%

 Today, 13:02

+A -A

 

Baghdad 

Prime Minister’s Advisor, Muthher Mohammed Saleh, confirmed on Saturday that non-oil revenues have significantly increased in their contribution to the federal budget, adding that the government program aims to raise their share to 20%.

Saleh told the Iraqi News Agency (INA) that "there are two key factors driving the increase in non-oil revenues, which have seen a substantial shift in their role within the federal budget, as highlighted by Prime Minister Mohammed Shia’ al-Sudani. "

He explained that "the first factor is the growth in the non-oil GDP, which is approaching 6% annually. This represents a significant leap in the development of sectors outside the oil economy, including transportation, digital communications technology, housing, construction, infrastructure, agriculture, and industrial transformation."

He further noted that "the second factor is the improvements in the federal budget’s non-oil revenues, driven by high discipline in tax and customs collection, the introduction of digital processes and automation, and the expansion of efforts to address previously untapped tax bases."

 Saleh emphasized that "the progress made aligns with the government’s program, which aims to gradually increase the share of non-oil revenues to 20% from less than 10%, in line with broader economic reforms."

Saleh explained that "this goal is directly linked to the growth in non-oil GDP, as well as the expansion of traditional budget revenue sources, including direct and indirect taxes and various other government revenues. This creates a complementary relationship between financial sustainability and economic sustainability over time, which is one of the key objectives of the government program."

Prime Minister Mohammed Shia’ al-Sudani had previously confirmed in a special interview on Iraqi News Channel, followed by INA, that "non-oil revenues have reached 14%, up from 7% previously."

He also noted that "unemployment had dropped from 16.5% to 14.4%, while poverty levels were reduced from 23% to 17%."