FRANK26: "WE ARE SECURE, WE ARE STABLE & WE ARE READY!!!", 26 JAN

 KTFA

FRANK26: "WE ARE SECURE, WE ARE STABLE & WE ARE READY!!!"........F26

President of the Republic: We cooperate with many countries to invest in Iraq

1/25/2025

 

 Baghdad
 

The President of the Republic, Abdul Latif Jamal Rashid Al-Bast, confirmed that Iraq cooperates with a large number of countries in the region and European countries for investment, expressing his hope that President Trump w ill succeed in what he proposed regarding ending wars in all parts of the world.

The President of the Republic said in a press interview, followed by "Al-Eqtisad News", that "our presence at the Davos Economic Forum is to give an impression of the current situation in Iraq and the Middle East, which concerns everyone, and as you know now the situation in Syria is a new situation, and in Lebanon a government has recently been formed and we hope that they will succeed in their efforts."

The President of the Republic added: "We emphasized at the Davos Forum the good security situation in Iraq, the good relations with neighboring countries, and the focus on services provided to the Iraqi people, and at the same time improving the infrastructure, and we cooperate with a large number of countries in the region and European countries to invest in Iraq and implement service projects and necessary for the Iraqi people. "

He stressed that "Iraq is an independent state, and decisions are in the hands of the Iraqi state, and our relations are good with all countries, and Iraq's decision is independent and based on our independence, and for us and for all Iraqis, government and people, the independence of Iraq is more important than anything now and in the future."

The President of the Republic expressed his hope that "President Trump will succeed in what he proposed regarding ending wars in all parts of the world, and we are very comfortable with this statement, and we hope that it will be implemented, and it will push towards political solutions."

He concluded by saying: "I am optimistic about Iraq, because we have made good political decisions, the system in Iraq is good, and we now have security stability, which is one of the most important needs, and we are continuing with the program to improve services and infrastructure and develop our relations with neighboring countries and the world."

LINK

TIDBIT FROM FRANK26, 26 JAN

 Frank26   

IMO the reason why they're using the three zero notes to educate the Iraqi citizens is not just because they will coexist with the new small category notes but they will look exactly like the old notes. 

 The only difference is the zeros will be gone...

  Question: "Is it essential to have your lawyer present when you make the exchange?  What type of lawyer should I take with me?"  

Tax lawyer, a domestic lawyer, a lawyer that's involved in things that you are going to be involved in...In general a tax lawyer is probably what I would recommend

MNT GOAT: "LETS GO TO FOREX!" ‪@DINARREVALUATION‬ #iraqidinarinvestor

 

FRANK26: "IBBC FOR THE FIRST TIME IN BAGHDAD", 26 JAN

KTFA

FRANK26: "IBBC FOR THE FIRST TIME IN BAGHDAD".........F26

 

IBBC to Host Innovation Conference in Baghdad Next Month

 

1/25/2025

Baghdad – 

The Iraqi-British Business Council-IBBC announced on Saturday that it will organize an innovation conference next month in the capital, Baghdad, This announcement follows a successful visit by Prime Minister Mohamed Shia’ al-Sudani to the United Kingdom.

In a report followed by the Iraqi News Agency (INA), IBBC stated that “Iraq is stable, its economy is expanding and diversifying to meet the needs of the people. IBBC have been asked by the Iraq Prime Minster, Mr Al Sudani, to hold a Baghdad conference on Innovation”.

“Following a successful visit to the UK by the Prime Minister and several of his top ministers, a significant trade deal was announced with UK and Iraq, estimated at $15bn, across several sectors, to include cutting edge technology and knowledge transfer to Iraq. Some of these companies will be speaking at the Baghdad conference and the conference is dedicated to the theme of delivering innovation,” the statement added.

The statement further noted,"The purpose of the conference will showcase how Iraq is currently delivering Innovation and what might be possible to do soon, with the help of the Uk and International partners. IBBC has several members already delivering innovative solutions and products in Iraq, which will be showcased at the conference. We will be examining the power of knowledge transfer across all the panels and discussing what Iraq needs to do to deliver this internally, and the benefits of delivering innovation successfully ".
 
The statement elaborated that "In his paper on ‘ease of doing business in Iraq’ Professor Frank Gunter, who is speaking, pointed out that modernising and digitising the financial system, not only will enable swifter transactions, access to and international funds, but also reduce the opportunities for corruption. Both EY and Hogan Lovells will explain their work on modernising the Central bank systems of Iraq and consolidation among banks and banking reforms,” stressing that “1001 is a leading Anglo- Iraqi streaming company that has already signed up over 2 million subscribers, but it is focused on protecting Intellectual property in Iraq, and this is a new opportunity for Iraqis to produce content, derive income and tax receipts from subscriptions. We expect to be joined by companies discussing 5G technology, and provision of fast internet for the delivery of state-of-the-art communications and explaining the importance of cyber protection for Iraqi assets, communications, and defence”.

LINK

REINALDO JC : 🚨IRAQ: Trump is Forcing Iraq CBI, 26 JAN

 REINALDO JC

IRAQ: Trump is Forcing Iraq CBI The Finance Committee of the Iraqi Council of Representatives made it clear on Friday that it is waiting for the Iraqi government to send the 2025 budget tables for approval, and while it expected the date of the launch of employee bonuses and promotions according to the applicable schedule, it confirmed that bonuses and promotions are a natural right for employees on the Ministry of Finance. Remember…the Iraqi parliament/house of representatives (HOR) is waiting to receive the budget files from Iraq Council of Minister (COM) but before it gets to parliament for them to APPROVE THE BUDGET TABLES/SCHEDULES the CBI MUST FIRST CHANGE/INCREASE THE IRAQ DINAR RATE!!! That’s the entire hold up with them playing Patti cake with one another. “Big brother” Iran wants iraq to continue using the dollar transferring to Iran on the black market for criminal activities around the world. Trump & new administration is saying No TF you will not continue using our dollar because of sanctions/Executive Order put in place to stop the dollar from entering Iraq to fully squeeze Iraq economy on top of the lower gas price & pressure the CBI to increase the Iraq Dinar Rate & therefore force the (HOR) to finally pass the budget for a smooth transition & trickle down effect into the World & iraq economy to finally provide their citizens purchasing power they’ve lacked for over 2 decades. CBI has NO choice but to give Iraq citizens & outside investors what we’re all been waiting for which is the…NEW EXCHANGE RATE!!!

FIREFLY: Forex would be international and like you want, the float!! ‪@DINARREVALUATION‬ #iraqidinar

 

FRANK26: "IQD FLOWS WITHOUT RESTRICTIONS... SO DOES IRAQI'S OIL", 26 JAN

 KTFA

FRANK26: "IQD FLOWS WITHOUT RESTRICTIONS... SO DOES IRAQI'S OIL".......F26

 

Kirkuk oil on the cusp of a major boom with British BP

1/25/2025

 

The administrative and financial assistant to the governor of Kirkuk, Jaafar Abbas Karim, revealed on Saturday new details regarding the contract between the Iraqi Ministry of Oil and the British company BP , while stressing that the cooperation will contribute to developing the North Oil Company and increasing its oil production .

Karim said in an interview with Shafaq News Agency, "The agreement with BP is an important step to develop the Iraqi economy, especially the economy in Kirkuk," indicating that "this matter will be reflected in developing the reality of the North Oil Company by increasing its oil production, in addition to exploiting the associated gas resulting from oil extraction."

Karim added that "the exploitation of associated gas will be through operating and implementing new power stations in Kirkuk within the contract," noting that "Kirkuk Governorate is in dire need of revitalizing its economic reality, especially the oil and gas file, which will be reflected in improving services and sectors, most notably electricity."

Karim pointed out that "the government agencies in the governorate are waiting for the company to start implementing the contract during the coming period."

On August 1, 2024, Prime Minister Mohammed Shia al-Sudani sponsored the signing ceremony of a comprehensive oil memorandum of understanding between the Ministry of Oil and BP to develop the Kirkuk fields .

On the Iraqi side, the agreement was signed by Deputy Prime Minister for Energy Affairs and Minister of Oil Hayan Abdul-Ghani, while on the BP side, it was signed by CEO Murray Auchincloss .

The memorandum includes the rehabilitation and development of four oil fields in Kirkuk, namely: Kirkuk field with its two domes (Baba and Avana), Bai Hassan field, Jambur field, and Khabbaz field, with the possibility of agreeing on other fields .

According to this memorandum, the government also aims to invest optimally in the energy sector to increase and enhance oil and gas production, including solar energy .

 

One month to start work

In the same context, oil expert Ali Khalil told Shafaq News Agency, "The agreement between the North Oil Company and the British company (BP) will enter into force within about a month for the purpose of starting to develop the oil fields in Kirkuk," indicating that "BP has submitted its initial plan, which includes conducting surveys and preparing the oil wells whose overall production has decreased and working to raise the level of production in them."

Khalil pointed out that "the current production of the oil fields in the North Oil Company ranges between 300,000 and 340,000 barrels, while the North Oil Company, about 15 years ago, was producing 750,000 barrels and was exporting about 500,000 barrels per day," stressing that "BP will contribute to increasing production according to accurate data."

On Wednesday, November 27, 2024, Kirkuk Governor Ribwar Taha revealed that the British company BP will begin work on developing the North Oil Company and its fields early next year, indicating that this will contribute to developing the oil and gas industry in the province .

Taha said in a statement to the agency at the time, "The presence of the British oil and gas company BP in Kirkuk is very important and they will invest in the gas sector, which is an important matter, and it will have a financial return and job opportunities for young people, as 96% of the workers in the Rumaila field in Basra within the work of the British company are Iraqis."

It is noteworthy that a responsible source in the North Oil Company had previously informed Shafaq News Agency (Wednesday, November 27, 2024) that a delegation from the British company "BP" had arrived in Kirkuk Governorate to hold intensive meetings with the company's management with the aim of reaching a final formula to begin developing the oil fields in the region

LINK