Friday, February 14, 2025
Iraq prepares to host Arab League’s 34th summit, 14 FEB
Iraq prepares to host Arab League’s 34th summit
The Iraqi Prime Minister, Mohammed Shia Al-Sudani, the Secretary-General of the Arab League, Ahmed Aboul Gheit. Photo: INA
Baghdad (IraqiNews.com) – Prominent Iraqi officials met in Baghdad on Tuesday in order to prepare for hosting the Arab League summit later this year in the Iraqi capital.
Officials prioritized strengthening economic ties and supporting initiatives to promote regional security and stability at the high-profile meeting, which was attended by Iraq’s interior and foreign ministers, according to the Iraqi Foreign Ministry.
The Arab League summit is an important gathering that brings together the heads of state and senior officials from the 22 member states. It offers an opportunity for discussing important issues that the Arab world faces, including political, security, and economic ones.
The upcoming summit in the Iraqi capital, according to Iraq’s Foreign Minister Fuad Hussein, is a significant move that symbolizes Iraq’s rising prominence in the Arab and international arenas, emphasizing its role in promoting regional stability and fostering cooperative Arab efforts.
Last year, Iraqi Prime Minister Mohammed Shia Al-Sudani declared that the 34th Arab League summit will be held in Baghdad in 2025, calling it an indication of Iraq’s ongoing Arab unity.
With many rounds of negotiations between Iran and Saudi Arabia, Baghdad has become a crucial mediator between two regional rivals in recent years, according to Rudaw News.
In March 2023, a historic agreement mediated by China resulted from the negotiations, which were aided by Iraq and Oman. After being cut off for several years, the deal restored diplomatic ties between Riyadh and Tehran.
Iraq has also volunteered to mediate a number of regional and global conflicts, including the ongoing war between Russia and Ukraine and the Yemen crisis, which the UN has called one of the greatest humanitarian catastrophes in history.
https://www.iraqinews.com/iraq/iraq-prepares-to-host-arab-leagues-34th-summit/
GOLDILOCKS: Instant Foreign Currency Exchange Technology Installed at Banks This Weekend, 14 FEB
GOLDILOCKS: Instant Foreign Currency Exchange Technology Installed at Banks This Weekend
Highlights
Summary
In the latest episode of Goldilocks Global Banking News, host Freedom Fighter discusses the imminent transition to a new digital banking system, heavily influenced by recent executive orders and advancements in technology.
The episode emphasizes the rapid changes in the banking landscape, particularly focusing on the implementation of digital assets, smart contracts, and instant payments.
Freedom Fighter highlights the importance of being proactive in setting up banking relationships to prepare for the upcoming currency revaluation (RV) and global currency reset (GCR).
Members of the Goldilocks QFS dialogues room are sharing valuable insights and experiences, indicating that the transition is not just theoretical but actively taking shape.
The discussion serves as a call to action for viewers to secure their banking arrangements and establish relationships with wealth managers before the RV occurs, ensuring they are not left behind during this significant financial shift.
- 🌐 New Digital Banking Era: The banking system is transitioning to a digital asset framework, making transactions cheaper and faster.
- ⚡ Instant Transactions: Upcoming changes will enable instant payments, drastically reducing the time to access funds.
- 💰 Smart Contracts: The implementation of smart contracts will facilitate seamless exchanges and transactions without manual intervention.
- 🌍 Global Participation: Members from around the world are actively engaging in the Goldilocks QFS dialogues, sharing insights and experiences.
- 🏦 Importance of Preparation: Establishing banking relationships and accounts now is crucial for participating in the upcoming RV.
- 📈 Wealth Management Opportunities: Wealth managers are available to help members grow their assets in the new banking environment.
- 🔍 Valuable Insights: Real-time feedback from members provides tangible proof of the banking system’s evolution and readiness for the RV.
Key Insights
🚀 Transition to Digital Assets: The shift towards a digital banking system signifies a major transformation in how money flows in the economy. With the signing of an executive order by President Trump on January 23rd, digital assets are set to enhance liquidity and cash flow. This transition will not only make transactions cheaper and faster but will also increase transparency, which is vital for building trust in the new system. The implications of this shift are profound, as it paves the way for a more efficient financial landscape.
⏱️ Instant Payments Revolution: The promise of instant payments through the new banking system is a game-changer. Traditionally, accessing cleared funds could take days or even weeks; however, advancements in technology, including the testing of smart contracts, mean that transactions could be completed within a day. This shift will revolutionize how individuals and businesses manage their finances, making it easier to navigate the complexities of currency exchanges.
🔗 Role of Smart Contracts: Smart contracts, akin to the technology behind smartphones, are being integrated into the banking system to streamline processes. These contracts automate transactions without requiring manual intervention, ensuring that exchanges occur instantly. This will reduce administrative burdens and operational costs associated with traditional banking methods, thus improving overall efficiency in the financial sector.
🌐 Global Insights and Networking: The Goldilocks QFS dialogues room serves as a platform where members share their experiences and insights regarding the banking system. This global communication network enables participants to stay informed about the latest developments and provides opportunities for collaboration and support. The real-time feedback from members reinforces the idea that the new banking system is not merely a concept but is actively being implemented across various financial institutions.
💡 Proactive Banking Relationships: The discussion emphasizes the necessity of taking proactive steps to establish banking accounts and relationships with wealth managers. Those who wait until the RV occurs may find themselves at a disadvantage, lacking the necessary connections to facilitate their currency exchanges. Building these relationships now will ensure that individuals are prepared and can navigate the financial landscape effectively when the RV takes place.
📊 Wealth Management Strategies: The potential for wealth growth in the new banking system is significant. Wealth managers are positioned to assist members in developing strategies that ensure their money appreciates rather than depreciates. By securing monthly income agreements or investment opportunities, individuals can take control of their financial futures, making the most of their assets in the evolving economic environment.
🔍 Tangible Proof of Change: The information shared by members who have interacted with banks reinforces the validity of Goldilocks’ claims about the banking system’s evolution. The transition to instant payments and the readiness of financial institutions to embrace these changes provide concrete evidence that the anticipated RV and GCR are on the horizon. This tangible proof encourages individuals to take action and prepare for the upcoming changes, fostering a sense of urgency and empowerment.
In summary, the transition to a new digital banking system marks a significant shift in the financial landscape. Host Freedom Fighter emphasizes the importance of preparation, proactive banking relationships, and the utilization of smart contracts to ensure a smooth transition during the upcoming currency revaluation. With members actively exchanging valuable insights, the Goldilocks QFS dialogues room serves as a vital resource for those looking to navigate this transformative period effectively.
Investments 2025: Economic renaissance under the umbrella of the general budget, 14 feb
Investments 2025: Economic renaissance under the umbrella of the general budget
Mazhar Muhammad Salih, financial and economic advisor to Prime Minister Muhammad Shia al-Sudani, confirmed today, Thursday, that investment projects for the year 2025 are an integral part of the investment section in the Federal General Budget Law.
He added in his statement to {Euphrates News} that “the three-year general budget was enacted to give the development policy sufficient flexibility in implementing investment projects without interruption, according to a flexible and rational vision that takes into account the indicators of the National Development Plan 2024-2028, and according to the available financing capabilities drawn up in the plan and the general budget together.”
From.. Raghad
MAJEED: HCL UPDATE, 14 FEB
MAJEED
HCL
Kurdistan Prime Minister met with the Turkish finance minister discussing oil export resumption
“A key step toward restarting exports is the amendment to Iraq’s federal budget law, passed on February 2, which addresses extraction and transportation costs for international oil firms. Iraqi lawmaker Sabah Subhi told Zoom News that exports through the Iraq-Turkey pipeline could resume next week once the amendment takes effect.”
As they said today, it will be in the gazette
Then exporting will take affect immediately
Kurdistan Prime Minister met with the Turkish finance minister discussing oil export resumption
“A key step toward restarting exports is the amendment to Iraq’s federal budget law, passed on February 2, which addresses extraction and transportation costs for international oil firms. Iraqi lawmaker Sabah Subhi told Zoom News that exports through the Iraq-Turkey pipeline could resume next week once the amendment takes effect.”
As they said today, it will be in the gazette
Then exporting will take affect immediately
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