PM Al-Sudani chairs a special meeting on energy projects, 24 DEC

 PM Al-Sudani chairs a special meeting on energy projects

INA - BAGHDAD

PM Muhammed S. Al-Sudani chaired a special meeting on Monday focusing on projects in the oil and electricity sectors. 

The meeting was attended by the Minister of Oil and the Minister of Electricity, along with advisors and several undersecretaries from both ministries as the discussions centered on ongoing gas projects within the framework of the government program and their respective timelines, according to a statement by the PM's Media Office - received by the Iraqi News Agency - INA.

"Current progress includes a significant reduction in gas flaring levels, reaching 67%, with projections to achieve 80% by the end of next year and complete elimination of flaring by the end of 2027," included in the statement.

The meeting also explored inviting specialized US companies to establish a fixed gas platform at Al-Faw Grand Port.

"Global energy companies were encouraged to invest in natural gas fields, and plans were discussed to ensure a stable fuel supply for power generation stations in the coming months," added the statement.

MILITIAMAN CC HIGHLIGHTS NOTES, 24 DEC

 MILITIAMAN CC HIGHLIGHTS NOTES

Summary

Iraq is strengthening its economic ties with the UAE, anticipating significant investments and changes in cash transfer policies.

Highlights

• 🌍 UAE is Iraq’s largest economic partner with $27 billion in trade.
• 📈 Iraq’s GDP is expected to grow by 5.3% by 2025.
• 💰 Over $400 billion in investment opportunities identified in Iraq.
• 🏦 Trade Bank of Iraq suspends cash transfers until January 2025.
• 🔄 Significant changes in Iraq’s financial policies are anticipated.
• 📊 The stock market has seen a 17% increase this year.
• 🏗️ New branches of Trade Bank aim to stimulate domestic and international trade.

Key Insights

• 🌐 Strengthening Partnerships: Iraq’s relationship with the UAE demonstrates a growing economic alliance, paving the way for increased trade and investment. This partnership could lead to further economic stability and growth in the region.
• 📊 Promising Economic Forecast: The projected GDP growth indicates a recovering economy, which could attract foreign investors looking for emerging market opportunities. This growth is vital for Iraq’s long-term financial health.
• 💸 Investment Potential: The identification of over $400 billion in investment opportunities signifies that Iraq is positioning itself as a lucrative market for international investors, particularly in sectors like infrastructure and energy.
• 🚫 Cash Transfer Suspension: The Trade Bank’s suspension of cash transfers may indicate a strategic shift in how Iraq manages its currency and trade, suggesting a move towards a more robust financial framework.
• 🔄 Anticipated Financial Changes: The expected changes in cash transfer policies signal a potential overhaul in Iraq’s banking and monetary systems, aiming to enhance transparency and efficiency.
• 📈 Stock Market Growth: The significant rise in the stock market reflects investor confidence in Iraq’s economic reforms and growth potential, presenting opportunities for both local and foreign stakeholders.
• 🏦 Expansion of Trade Bank: The opening of new branches underscores the commitment to enhancing trade capabilities, which is crucial for sustaining economic development and attracting investments.

FIREFLY: WHEN THE DOLLAR PLATFORM STOPS , WILL COME A SHOCK!! @DINARREVALUATION #iraqidinar

 

Al-Amiri: Today's Iraq is not like yesterday and the borders are well-controlled, 24 DEC

 Al-Amiri: Today's Iraq is not like yesterday and the borders are well-controlled

Baghdad-INA  

The Secretary-General of Badr Organization, Hadi Al-Amiri, confirmed today, Monday, that today's Iraq is not the Iraq of yesterday, noting that the borders are well-controlled.
 
The media office of the Secretary-General of Badr Organization stated in a statement received by the Iraqi News Agency (INA): that "as part of his field tour, the Secretary-General of Badr Organization, Hadi Al-Amiri, visited the headquarters of the Nineveh Operations Command to inspect the security situation in the province."
 
  "During the meeting, the approved plans were discussed in the various axes of the province, especially the border strip with Syria, in addition to the security and military deployment and the measures taken to deal with any emergency."
 
Amiri told the Nineveh Operations Command of the Popular Mobilization Forces - according to the statement: "We recommend that you conduct a permanent inspection and not leave any foothold for the enemy."
 
Al-Amiri warned that "today's Iraq is not yesterday's Iraq, and the borders are well-controlled."

MAJEED: WHEN BANK CARD BEING DISTRIBUTED, IT MEANS THE NEW RATE IS POPPING UP!!, 24 DEC

 MAJEED

POS device is available at the Trade Bank of Iraq! Trade Bank of Iraq (TBI) announces the provision of Point of Sale (POS) devices to facilitate electronic payment transactions. You can enhance your customers' experience by using a fast and efficient device. they wouldn’t provide these devices for businesses unless bank cards are about to be distributed…. 

And When bank card being distributed, it means the new rate is popping up, causing people to bring their old note to get the new one and deposit it into their bank account.

ARIEL: " THIS SHOULD BENEFIT THE IRAQI DINAR, WHICH IS PAIRED WITH XRP" @DINARREVALUATION #iraqidinar

 

The Ministerial Council for Economy: Using e-payment for all economic activities, 24 DEC

 The Ministerial Council for Economy: Using e-payment for all economic activities

INA - BAGHDAD

The Ministerial Council for the Economy discussed, on Monday, the use of electronic payment for all economic activities in the country.

Deputy PM and Minister of Foreign Affairs Fuad Hussein chaired the thirty-ninth session of the Ministerial Council for the Economy, which was held in the Council building, in the presence of the Deputy Prime Minister and Minister of Planning, the Ministers of Finance, Agriculture, Trade, Labor and Social Affairs, the Secretary-General of the Cabinet, the Governor of the Central Bank of Iraq, the Deputy Chairman of the National Investment Commission, and the PM's Advisors for Economic and Legal Affairs, according to the media office of the Ministerial Council for the Economy in a statement - received by the Iraqi News Agency - INA.

The statement added that "the Council discussed the items on its agenda and took the necessary decisions regarding them."

The Council hosted "the Director General of Payments at the Central Bank of Iraq to discuss and evaluate the mechanisms for implementing the Cabinet's decision to move towards using electronic payment instead of cash for all state institutions, public and private sectors, in addition to that, to study and expand this experience to include all economic activities throughout Iraq."

The Council also discussed "the working paper submitted by some members of the Council on the financial and monetary policy in Iraq and the means to develop the economy, maximize revenues, and take the necessary measures to confront economic challenges, in light of the political changes witnessed by the region, by diversifying sources of income and not relying entirely on oil imports, for the sake of stability and sustainability of the economy in Iraq."