Friday, January 24, 2025
President of the World Economic Forum: Iraq is one of the important countries in the Middle East and the world, 24 JAN
Mawazine News – Baghdad
The President of the World Economic Forum, Klaus Schwab, on Thursday, is one of the important countries in the Middle East and the world.
A statement from the Presidency of the Iraqi Republic received by (Mawazen News) said that “President Abdul Latif Rashid met on Thursday, the President of the World Economic Forum, Klaus Schwab, during his participation in the forum’s work in Davos.” The statement explained that “during the meeting, economic issues in the international arena and ways to stimulate the global market movement and improve the economic situation of most countries were discussed.”
The President of the Republic stressed the importance of the World Economic Forum and its role in bringing together world leaders and heads of major economic organizations and companies to achieve economic integration and conclude agreements that contribute to strengthening the economies of peoples. Rashid pointed out that “Iraq enjoys security and stability and is moving forward towards strengthening economic conditions in various fields, especially infrastructure, the energy sector,
the environment and services and improving the living conditions of citizens,” pointing out that “the Iraqi state is working to strengthen the role of investment and the private sector through legislative and executive facilities.” He added that “Iraq is considered a fertile environment for investment and economic and commercial cooperation.” For his part, Klaus Schwab praised “Iraq’s distinguished participation in the work of the World Economic Forum,” stressing that “Iraq is considered one of the important countries in the Middle East and the world, and the indicators support it in achieving development in various economic and social aspects.”
TIDBIT FROM MILITIAMAN, 24 JAN
Militia Man
Article: "Great Progress has been made by Iraq in the filing of the joining of the World Trade Organization after resuming negotiations that were suspended for more than 16 years stressing this step represents a part of Iraq's vision to enhance Iraq's role in the global trading system."
They didn't do it at 1310. Are they ever going to do that?
I don't think so... Why didn't they do it years ago?
If nothing is going to change and they're going to keep it the same how are they going to pay for that?
I think it's far cheaper for Iraq to bring on a real effective exchange rate to meet compliance with Article VIII of the IMF Article IV too...I think it's pretty exciting...
Oil Minister confirms imminent signing of contract with BP to increase production of 4 northern fields, 24 JAN
Economy News – Baghdad
Deputy Prime Minister and Minister of Oil Hayan Abdul Ghani confirmed on Thursday the intention to sign a contract with the British Petroleum Company (BP) to invest in four northern fields to increase production and benefit from associated gas, while specifying the extent of the contract’s impact on production plans.
Abdul Ghani said in a statement reported by the official news agency, and seen by “Al-Eqtisad News”, that “an initial agreement was reached in the British capital, London, between the North Oil Company and British Petroleum to sign a contract to develop the four fields belonging to the company,” noting that “these fields now produce more than 300 thousand barrels per day.”
He added, “The agreement with British Petroleum stipulates increasing production to more than 500,000 barrels per day and benefiting from the associated gas, investing in it and converting it into dry gas for use in operating power plants.”
He explained that “the signing will take place at the beginning of the first week of February.”
Abdul Ghani explained that “Iraq needs quantities of gas to equip the stations, and the Ministry of Oil is serious about that through many projects that it signed with specialized companies such as the French company Total to invest 600 million cubic feet of gas from 5 oil fields, in addition to the Akkas field and the Mansouriya field, and the fifth licensing round, in addition to what the Basra Gas Company is doing, which is a joint venture between the South Gas Company and Shell and Mitsubishi companies to develop and invest gas from three main fields: Rumaila, Zubair, and West Qurna 1.”
TIDBIT FROM CRYPTO TRADER, 24 JAN
CRYPTO TRADER
The charge d 'affaires of US embassy met speaker of the house and miraculously controversial laws were passed on 21st under pandemonium in the house.
I leave the rest to your imagination. Know who is in charge and running the show.
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