Iraqi PM Al-Sudani oversees Iraq-UAE financial cooperation MoU, 28 JAN

 Iraqi PM Al-Sudani oversees Iraq-UAE financial cooperation MoU

Shafaq News/ On Monday, Iraqi Prime Minister Mohammed Shia al-Sudani met with Abdullah Salem Al-Nuaimi, CEO of Abu Dhabi Securities Exchange (ADX), to discuss avenues for cooperation in sharing expertise and enhancing private sector activities to foster economic growth.

According to a statement from al-Sudani's media office, the PM oversaw the signing ceremony of a Memorandum of Understanding (MoU) between the Iraq Securities Commission and the ADX. The agreement was signed by Faisal Wissam Al-Haimus, head of the Commission, on the Iraqi side, and Al-Nuaimi on the Emirati side. 

“This partnership reflects the Iraqi government’s commitment to advancing regional and international cooperation in financial and securities markets. It underscores Iraq’s focus on strengthening its financial sector, attracting foreign investments, and promoting economic integration with regional markets, particularly the UAE,” it explained. 

Al-Sudani highlighted the importance of this agreement in strengthening Iraq’s financial market, utilizing advanced technologies, and adopting global best practices to drive sustainable economic growth, reiterating “the government’s dedication to supporting initiatives that encourage foreign investments and bolster the private sector’s role in Iraq’s economic development.”

The MoU is reportedly expected to lay the foundation for further cooperation between Iraq and the UAE in financial services, offering a “robust framework” for mutual investments and knowledge exchange.

TIDBIT FROM FRANK26, 27 JAN

 Frank26  

 The new lower notes IMO will only work with a new exchange rate and not the 1310. 

 [The dinars] are the highest form of intel and highest form of security that there is on this planet Earth right now.  It [lower notes] is the  most highly guarded object and secret at this moment...

The CBI and Sudani cannot afford one small slip up, one tiny little leak,  even the color.  You don't want any information to be leaded out...even the shape of the new lower notes.  All this must be kept  tightly under wraps until the new exchange rate is finally released..

🚨 Breaking News: U.S. Greenlights Iraq's International Status! 💵

 

Iraq .. Discovery Of The Largest Oil Storage In The Center Of The Country With Two Billion Barrels, 27 JAN

 Iraq .. Discovery Of The Largest Oil Storage In The Center Of The Country With Two Billion Barrels

 
Economy    Iraq    Breaking    Oil  2025-01-20 Shafaq News/ The Central Oil Company, in cooperation with the Chinese company (EBS), announced the achievement of a major oil discovery in the southern East Baghdad field.  The general manager of the company, Eng. Mohamed Yassin Hassan, stated in a statement received by Shafaq News.  

The main exploratory well tests in the eastern Baghdad field have achieved great success, as a highly productive oil flow of medium and light oil was obtained.  It is expected to add more than two billion barrels to Iraq's oil reserves, making it the largest oil discovery in central Iraq.

The Director-General indicated that initial tests of the well showed a daily production rate of up to 5,000 barrels of crude oil. Yassin praised the fruitful cooperation between the Iraqi engineers at the Central Oil Company and their counterparts at the Chinese company EBS, which resulted in careful planning and strict implementation of well testing procedures in the areas located within the oil field.
 
This discovery acquires a strategic importance, as it is added to the oil balance of Iraq, which ranks fifth globally in confirmed reserves.
 
This achievement also comes to enhance the productive capabilities of Iraq, one of the founding and influential members of the Organization of Petroleum Exporting Countries (OPEC), which supports its pivotal role in the global energy market.  
  
https://shafaq.com/ar/اقتصـاد/العراق-اكتشاف-كبر-خزين-نفطي-في-وسط-البلاد-بملياري-برميل  

MAJEED UPDATE, 27 JAN

 MAJEED

The Kurdistan Regional Government (KRG) and the Iraqi Federal Government have agreed to amend the Federal Budget Law to allow the resumption of oil exports from the Kurdistan Region, halted since March 2023. 

According to Iraqi-Kurdish lawmaker Srwa Muhammed, the amendment requires the KRG to export its oil through the Iraqi State Organization for Marketing of Oil (SOMO), with revenues deposited into the Iraqi treasury. LFGGGG

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The Kurdistan Regional Government (KRG) and the Iraqi Federal Government have agreed to amend the Federal Budget Law to allow the resumption of oil exports from the Kurdistan Region, halted since March 2023. According to Iraqi-Kurdish lawmaker Srwa Muhammed, the amendment

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WOLVERINE: THINGS ARE IN MOTION! ‪@DINARREVALUATION‬ #iraqidinarinvestor #iraqidinar

 

Al-Alaq Meets An Official Delegation From The United States, 27 JAN

 Al-Alaq Meets An Official Delegation From The United States

Economy - 01/26/2025   Mawazine News – Baghdad   The Governor of the Central Bank, Ali Al-Alaq, confirmed today, Sunday, that the Central Bank provides the necessary support to international companies wishing to invest in Iraq, including American companies and banks.

A statement issued by the media office of the Central Bank of Iraq, received by Mawazine News, stated that "the Governor of the Central Bank of Iraq, Ali Mohsen Al-Alaq, received the Vice President of the American Chamber of Commerce, Steve Lutes, and the President of the American-Iraqi Business Council and his accompanying delegation in Baghdad."

He pointed out that "the meeting discussed banking and economic relations between the two countries and the upcoming visit of the Central Bank of Iraq delegation to Washington and their meeting with the American Chamber of Commerce and American companies next April."

He continued that "the meeting discussed the desire of American companies to invest in the energy, infrastructure and modern technology sectors and to invest in the security stability witnessed by Iraq. The two parties also discussed the mechanisms of international trade and the process of Iraq's transition to fully operating in foreign transfers through correspondent banks."

The governor stressed during the meeting that "the Central Bank of Iraq supports the path of economic growth in Iraq and provides the necessary support to international companies wishing to invest in Iraq, including American companies and banks," noting "the importance of diversification in investment sectors."https://www.mawazin.net/Details.aspx?jimare=259035