Iraq calls on the world to conduct a comprehensive reform of the financial system and a dialogue on technology governance, 17 JAN

 Iraq calls on the world to conduct a comprehensive reform of the financial system and a dialogue on technology governance

The representative of Iraq to the United Nations in New York, Abbas Kazim Obaid, in his capacity as Chairman of the Group of 77 and China, delivered the group’s statement during the session of the United Nations General Assembly in which the Secretary-General reviewed the priorities of his term for the year 2025, in light of the circumstances and challenges facing the international community.

In his statement, the representative of Iraq stressed the complex and interconnected global challenges, including ongoing conflicts, the effects of climate change, poverty, hunger, high debt levels, limited financing for the Sustainable Development Goals, and the growing digital divide. He stressed the need to support developing countries in financing sustainable development through the Fourth Conference on Financing for Development.

He called for a comprehensive reform of the global financial system to address structural inequalities, ensure equitable access to long-term finance, and advance sustainable development efforts. 

He also stressed the importance of fully implementing the decisions of the Conference of the Parties on Climate Change, while supporting the Secretary-General’s efforts to achieve the Sustainable Development Goals by 2030.

Obaid also called for a comprehensive international governmental process to address the digital divide, the establishment of an independent scientific team for artificial intelligence, and the launch of a global dialogue on technology governance.  link

MAJEED: Sounds like they’re shitting their pants before Trump shows up , 17 JAN

MAJEED

Sounds like they’re shitting their pants before Trump shows up All of a sudden they want to dissolve these militias

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Iraqi Foreign Minister Fuad Hussein has revealed ongoing efforts by the Iraqi government to persuade pro-Iranian armed factions to disarm, stressing that weapons outside state control are unacceptable. 

He also addressed the incoming US administration, affirming Iraq’s commitment to maintaining strong relations with the United States during Donald Trump’s second term.

: Iraqi Foreign Ministry/ file

MAJEED: "And the rate will be $4 per 1 IQD " ‪@DINARREVALUATION‬

 

Will the implementation of the Oil and Gas Law stop the series of smuggling in the region?, 17 JAN

 Will the implementation of the Oil and Gas Law stop the series of smuggling in the region?

MP Nazim Al-Shabli, a member of the Oil and Gas Committee, revealed today, Wednesday, that the Kurdistan Region does not want to hand over oil revenues to the federal government.  

Al-Shabli said in a statement to Al-Maalouma Agency, “The oil and gas law, which in turn limits oil smuggling in the region, is subject to political differences,” noting that “the importance of enacting the law is to control oil revenues after the procedures to stop the region's exports through the Ceyhan crossing and the intervention of international courts." 

He added, "The region has no real desire to send oil imports, in addition to the continuation of oil smuggling operations."

He pointed out that "the enforcement of the oil and gas law in turn limits oil smuggling and obliges the region to send oil revenues, and stressed the need to send the draft oil and gas law for discussion and approval in the House of Representatives."  link

TIDBIT FROM FRANK26, 17 JAN

Frank26 

 Security, Stability, those are the two words that is the formula in order for us to have a new  exchange rate.  The CBI floor must be so clean you could eat off of it.

  The politicians must not have the ability to steal from  the auctions anymore...Do they have that ability?  No.  Are the auctions there? No, all gone...Everything looks good. 

 So what do we need? ...The exchange rate.  Where's the exchange rate?  In the budget.  

  Question: "Is this one still legal?  The 50K [note]?" 

 Frank26:  The 50 dinar note is not legal.  Everything else is okie dokie.  The 50,000 note is extremely legal.  There's even a 100,000 note that will be legal but that will only be used by the Central Bank of Iraq and the GOI.

JEFF: " Iraq would need to pause and suspend credit and lending practices to rise the IQD"

 

Al-Eidani: Al-Sudani's visit to Britain resulted in removing Iraq from the red list for risk assessment, 17 JAN

 Al-Eidani: Al-Sudani's visit to Britain resulted in removing Iraq from the red list for risk assessment

Basra Governor Asaad Al-Eidani revealed on Wednesday that the investment status in Iraq was raised from the red list to the orange list during Prime Minister Mohammed Shia Al-Sudani’s visit to London. In what he described as an important achievement, he revealed that new security and financial agreements were reached with Britain during the visit.

Al-Eidani, who accompanied the visiting Iraqi delegation to Britain, said in a statement reported by the official news agency, and reviewed by "Al-Eqtisad News", that "Prime Minister Mohammed Shia al-Sudani's current visit to Britain resulted in the transformation of the risk assessment in Iraq from the red list to the orange list in terms of the investment environment, and this is an important achievement and we may advance to yellow."

He added, "The businessmen accompanying the Prime Minister on the visit welcomed the new assessment, which may be transformed to yellow at a later time."

He continued, "Many British businessmen have concluded agreements with the Iraqi side in several fields, including education and universities, and a number of British businessmen have agreed with their Iraqi counterparts to establish joint laboratories."

He pointed out that "the Prime Minister held a meeting today with the British Home Secretary, and many topics related to security were discussed, especially the file of exchanging expertise between the Iraqi and British Interior Ministries."

He pointed out that "there was also a financial meeting, and an agreement was signed between the Trade Bank of Iraq and British financial institutions. There is also a financial meeting attended by the Prime Minister that could discuss support for the Iraqi private sector from British financial institutions, especially after raising the risk assessment from red to orange  link