FRANK26: "I BET YOU, YOU WOULDN'T COME... AT 1310!!!", 18 JAN

 KTFA

FRANK26: "I BET YOU, YOU WOULDN'T COME... AT 1310!!!"..........F26

21 Arab and foreign countries and 600 companies at Baghdad International Fair

1/14/2025

 

The activities of the Baghdad International Fair in its (48) session will start on the first of next February, with the active participation of 21 Arab and foreign countries and 600 companies with different specializations.

The Director General of the Ministry’s Exhibitions and Commercial Services Company, Dr. Mustafa Nizar Jumaa Al-Ani, said in an interview with “Al-Sabah” followed by “Al-Eqtisad News” that the exhibition will continue for seven days, and will be held under the slogan (Investment, Development, Prosperity).

He pointed out that the Ministry prepared early to hold the exhibition in its (48) session, as 21 Arab and foreign countries will participate in it, in addition to 600 local and international companies, indicating that the Ministry is still receiving requests to participate in this version, which is being continuously monitored by the Minister of Commerce.

He explained that the exhibition will include the two largest pavilions for the Kingdom of Saudi Arabia and Oman, as well as the golden sponsor of the exhibition, represented by the State of Qatar, in addition to preparing two large halls dedicated to national industries that witnessed a remarkable turnout by visitors during the past year.   

Al-Ani pointed out that the ministry provides support to national industries through the Export Fund, and urges local companies to develop exports and establish advanced factories that can meet local needs, especially after the government issued several decisions to support the national product by preventing the import of many materials provided by the industrial sector. 

He added that the exhibition will also witness the participation of government institutions, unions and private sector organizations, with an ambition to attract a large number of companies in the current session, in an effort to conclude contracts between the private and international sectors.

He added that the exhibition is an important economic gateway and a social oasis that attracts the public, in light of the major economic changes that the country is witnessing as part of the government program.

Al-Ani stated that the aim of holding the exhibition is to enhance cooperation between local and international companies and provide investment opportunities. It also represents a platform for communication between foreign companies and investors to exchange experiences and learn about the latest technologies in all sectors, stressing that all participating companies will display their production and will have a share in the Iraqi market and contribute to all governorates.

LINK

AJ: PM'S VISIT TO BRITAIN RESULTED IN REMOVING IRAQ FROM THE RED LIST FOR RISK ASSENSSMENT TO THE ORANGE LIST IN TERMS OF INVESTMENTS ENVIRONMENT, 18 JAN

 AJ

PM's visit to Britain resulted in removing Iraq from the red list for risk assessment to the orange list in terms of the investment environment, and this is an important achievement and we may advance to yellow." Basra Governor Asaad Al-Eidani revealed, today, Wednesday, that the investment status assessment in Iraq was raised from the red list to orange during Prime Minister Mohammed Shia Al-Sudani's visit to London, and in what he described as an important achievement,

he revealed that new security and financial agreements were reached with Britain during the visit. (UK Government's Investment Risk Assessment) Al-Eidani, who accompanied the visiting Iraqi delegation to Britain, said"The current visit of Prime Minister Mohammed Shia Al-Sudani to Britain resulted in the risk assessment in Iraq being transformed 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 factories." 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, and there is also a financial meeting attended by the Prime Minister that may discuss support for the Iraqi private sector from British financial institutions, especially after raising the risk assessment from red to orange."(UK Government's Investment Risk Assessment)

MAJEED: THE BUDGET WILL BE ADJUSTED TO THE NEW RATE OF THE IRAQI DINAR ‪@DINARREVALUATION‬ #iraqidinar

 

FRANK26: "IRAQ BANKS FINE-TUNED", 18 JAN

 KTFA

FRANK26: "IRAQ BANKS FINE-TUNED"..........F26 

Economist describes the establishment of the first Rafidain Bank as an excellent step

1/14/2025

 

 Baghdad
 

Economic expert, Mustafa Akram Hantoush, described the establishment of the first Rafidain Bank as an “excellent step. ”

Yesterday, Monday, the Council of Ministers decided to establish the First Rafidain Bank with a capital of one trillion dinars and a government participation rate of 24%.

Hantoush told Al-Eqtisad News, "Establishing the First Rafidain Bank is an excellent step, especially since it will be a mixed sector company."

He added that the new bank will help the state enhance its payment and electronic transaction capabilities, in addition to assisting the Trade Bank of Iraq in transfers and credits.

LINK

 

MILITIAMAN CC HIGHLIGHTS NOTES, 18 JAN

 MILITIAMAN CC HIGHLIGHTS NOTES

Highlights

Summary

In a recent video update, the host discusses significant developments in Iraq’s economic landscape, highlighting Prime Minister Al Sudani’s efforts to attract international investment, particularly from the UK.

 Al Sudani’s meetings with British companies and government officials signal Iraq’s commitment to reform and investment opportunities, with a projected investment budget totaling $100 billion over the next three years. The discussions also touch upon Iraq’s strategic initiatives, including the development of new residential cities and the establishment of a robust banking framework aimed at facilitating foreign trade.

 With a focus on sustainable growth and international cooperation, the host emphasizes the transformative potential of these developments, particularly in light of Iraq’s vast oil reserves and the anticipated influx of foreign investment, which could reach up to $63 billion in two years.

• 🌍 International Investment Opportunities: Iraq is actively seeking foreign investment, particularly from British companies, emphasizing the potential for various development projects.
• 💼 Significant Financial Commitments: Al Sudani announced $100 billion allocated for investment, with an additional projected $63 billion from foreign investments within two years.
• 🏗️ Real Estate Boom: Plans for one million new housing units demonstrate Iraq’s commitment to addressing housing shortages and stimulating the construction sector.
• 🌿 Sustainable Development Initiatives:  Bilateral cooperation with the UK includes efforts to combat climate change and enhance cultural exchanges.
• 🔄 Banking Reforms: Iraq is implementing reforms in the banking sector to facilitate international financial transactions and improve economic stability.
• ⚓ Strategic Infrastructure Projects: The development of the Strategic Road Project and the Port of Fao is crucial for enhancing Iraq’s economic capacity and trade capabilities.
• 📈 Global Economic Integration: Iraq’s moves towards international financial practices, including possible integration with Forex markets, indicate a shift towards greater global economic participation.

Key Insights

• 🌐 Emphasis on International Relations: The host highlights the importance of Iraq’s diplomatic engagements, particularly with Britain. Al Sudani’s meetings with Prime Minister Keir Starmer and King Charles III underline Iraq’s intention to forge strong bilateral ties that could usher in a new era of economic growth and cooperation. This relationship signifies Iraq’s strategic pivot towards Western nations and the potential for enhanced trade partnerships.

• 🏗️ Investment in Infrastructure: The commitment to developing one million housing units and associated infrastructure signifies a robust government plan to stimulate the economy and create jobs. This initiative not only addresses immediate housing needs but also sets the stage for long-term urban development, attracting both local and foreign investments in construction materials and services.

• 💰 Financial Sector Reforms: The Central Bank of Iraq’s shift towards more internationally recognized financial practices represents a significant change in how Iraq manages its economic transactions. The introduction of a new mechanism for currency selling, aimed at reducing the gap in the dollar exchange rate, indicates a desire for greater currency stability and international market integration. This reform could enhance the attractiveness of Iraq as a destination for foreign investment.

• 📊 Anticipated Foreign Investment Surge: The projection of $63 billion in foreign investments over the next two years, coupled with the $100 billion investment budget, paints a promising picture for Iraq’s economic future. This influx of capital is expected to not only bolster the economy but also create opportunities for various sectors, including construction, energy, and services.

• 🚧 Construction Material Demand: The projected need for factories to support the construction of new housing units highlights a critical opportunity for domestic and foreign investors in the construction materials sector. With significant imports currently fulfilling this demand, local production could reduce reliance on foreign goods, fostering economic self-sufficiency.

• 🌍 Strategic Development Road Project: The ongoing work on the Strategic Development Road Project and the Port of Fao represents a pivotal development for Iraq’s trade capabilities. This infrastructure will facilitate smoother logistics and transportation, positioning Iraq as a key player in regional trade and commerce.

• ⚖️ Cultural and Economic Cooperation: The discussions around cultural exchanges and cooperation in addressing climate change reflect Iraq’s broader vision for sustainable development. By engaging in these areas, Iraq can enhance its global standing and attract investments that prioritize social and environmental responsibility.

In summary, the host’s insights present a dynamic and evolving narrative around Iraq’s potential for growth and development. With a strong focus on international investment, infrastructure development, and banking reforms, Iraq appears poised to significantly enhance its economic landscape in the coming years. The government’s proactive approach, combined with its vast natural resources, particularly oil, positions it favorably for attracting international attention and investment. The discussions around sustainability and cultural cooperation further illustrate a well-rounded strategy aimed at long-term stability and growth. The future looks promising, and the host encourages viewers to stay engaged with the developments as they unfold.

SANDY INGRAM : Iraqi Dinar 2025 What to Expect? @DINARREVALUATION #iraqidinarinvestor #iraqidinar

 

MNT GOAT: The CBI told us That the ATM are an integral part of the Project to Delete the Zeros.!!!