Friday, February 21, 2025
Iraq leads growth in new foreign companies joining Dubai Chamber, 21 FEB
Iraq leads growth in new foreign companies joining Dubai Chamber
– Iraq had the fastest growth rate among the top 10 nationalities of new foreign firms entering the chamber in 2024, according to a recent report by the Dubai Chamber of Commerce, one of the three chambers under Dubai Chambers. The United Kingdom and Turkey are among the other nations on the list.
Compared to the 1,247 Iraqi businesses that were registered in 2023, the number of new Iraqi businesses joining the Dubai Chamber of Commerce increased to 1,718 in 2024, a 37.8% rise.
Significant growth was also seen by Turkish businesses, as 1,314 new businesses joined in 2024, up 25.5% from 1,047 in 2023. The UK continued to be a major contributor, registering 2,588 new businesses in 2024—a 14.2% rise over 2,267 in 2023.
The rise in Iraqi companies joining the Dubai Chamber highlights the strengthening economic ties between Iraq and the UAE, which have improved significantly over the past several years. This positive momentum reflects increased trade, investment, and business collaboration between the two nations.
EXCERPTS FROM MARKZ, 21 FEB
EXCERPTS FROM MARKZ
Member: Whats new Mark…..any bond news?
MZ: I continue to get more historic bond updates , and the timing is being confirmed from nearly everyone of them…..looking at anytime in the next 12 days to be very busy on that front. Bond folks say their final appointments have been given. They have gotten all kinds of updates including some background on what has been going on.
MZ: I have not heard much from groups yet….I know a couple people involved in the upper levels of groups that recently traveled to be in place. They say they are working hard but won’t say on what.
MZ: We continue to hear this is an absolute priority for Trump. We hope that is accurate and we are off the “stuck” spot.
The Central Bank reassures citizens through “Baghdad Today”: No instructions to prevent the delivery of the “dollar”, 21 FEB
Baghdad Today – Baghdad
An official source at the Central Bank of Iraq, on Thursday (February 20, 2025), denied issuing instructions to prevent the delivery of citizens of any amount in hard currency from banks.
The source confirmed, in a statement to Baghdad Al-Youm, that “talking about issuing instructions from the Central Bank to prevent the delivery of any amount in hard currency, is incorrect,” pointing out that there is no shortage of hard currency, especially the dollar, and that citizens receive their money naturally.
The source, who asked not to be named, added that “the process of depositing citizens for their money, whether in dollars or local currency, continues on a daily basis in government banks and others, and there are no fears of a shortage in the dollar treasury in Iraqi banks during the next phase.”
This denial comes from the central bank amid rumors about imposing restrictions on the delivery of the dollar to citizens, in light of the economic challenges facing the country.
The market has been witnessing a fluctuation in the exchange rate of the dollar against the dinar for some time, which has raised fears among citizens and traders about the possibility of imposing restrictions on transactions in dollars.
Wednesday Evening News With MarkZ 2-19-2025
Wednesday Evening News With MarkZ 2-19-2025
Wednesday Evening News With MarkZ
MarkZ Update- Some highlights by PDK-Not verbatim
MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context. Be sure to consult a professional for any financial decisions
Member: Good evening Mark, Mods and Family!
Member: Hello Mark, MODS, and all of my family in RV land. Follow the yellow brick road to The Golden Age of America.
Member: Whats new Mark…..any bond news?
MZ: I continue to get more historic bond updates , and the timing is being confirmed from nearly everyone of them…..looking at anytime in the next 12 days to be very busy on that front. Bond folks say their final appointments have been given. They have gotten all kinds of updates including some background on what has been going on.
MZ: I have not heard much from groups yet….I know a couple people involved in the upper levels of groups that recently traveled to be in place. They say they are working hard but won’t say on what.
MZ: We continue to hear this is an absolute priority for Trump. We hope that is accurate and we are off the “stuck” spot.
MZ: “Kurdistan Council of Ministers confirm its aspirations to resume the nation’s oil exports as soon as possible” This is big and they are talking of resuming them in the month of February. This may be one of the big keys we have been waiting for.
MZ: “Parliamentary finance: US sanctions will exasperate the dollar crisis. The government has no plan” Well, there is a government plan. They are telling us they are going to have to change the value if the US is going to continue de-dollarizing, then they are going to be forced to increase the value of the dinar.
MZ: “ The spread of the counterfeit Iraqi dinar raises the panic of citizens and merchants” Do not panic. They claim there has recently been an influx of counterfeit bills from Iran. The CBI says it is not widespread or large. But, this does pave the way for new bills with new security features (lower denominations) Great cover for the RV?
MZ: “Al Alaq-Inflation dropped by 3 %” Think safe and stable. Shabibi always said give me a safe and stabe Iraq and I will give you a new value for the dinar
Member: Thanks to all……hope everyone enjoys their evening….God Bless
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THE CONTENT IN THIS PODCAST IS FOR GENERAL & EDUCATIONAL PURPOSES ONLY&NOT INTENDED TO PROVIDE ANY PROFESSIONAL, FINANCIAL OR LEGAL ADVICE. PLEASE CONSIDER EVERYTHING DISCUSSED IN MARKZ’S OPINION ONLY
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