5G and Global Ties: Iraq's Cabinet approves major telecom and diplomatic deals, 12 MARCH

5G and Global Ties: Iraq's Cabinet approves major telecom and diplomatic deals

Shafaq News/ The Iraqi Council of Ministers, chaired by Prime Minister Mohammed Shia Al-Sudani, held its 10th regular session on Tuesday, addressing key national developments and advancing major policy initiatives. 

According to an official statement, the Council of Ministers approved the establishment of the National Mobile Telecommunications Company, which will operate the 5G national license in cooperation with Vodafone Group. “This step aligns with our commitment to modernizing Iraq’s telecommunications infrastructure and maximizing national revenues,” the government said in a statement.

The new company will be established as a private limited entity under the Companies Law No. 21 of 1997 (as amended), with equal participation from three government bodies: the Ministry of Communications' Al-Salam General Company, the State Pension Fund, and the Trade Bank of Iraq (TBI). Each entity will hold an equal one-third share as a long-term investment. The government emphasized that “all major strategic decisions affecting the success of the national mobile license project will require prior approval from the Council of Ministers.”

Additionally, the Minister of Communications has been tasked with overseeing the implementation of the project and providing periodic progress reports to the Council of Ministers.

Foreign Affairs and Diplomatic Agreements

The Council of Ministers also approved several key agreements aimed at strengthening Iraq’s international relations. It ratified the enforcement of a Memorandum of Understanding with Morocco for mutual visa exemption for diplomatic passport holders. The Council also approved the Foreign Ministry’s proposal to establish an Indian Consulate General in Najaf Province.

Furthermore, the government endorsed an Air Services Agreement between Iraq and Jordan, which has been submitted to the Council of Representatives for approval and ratification.

“These diplomatic agreements reflect Iraq’s commitment to facilitating international cooperation and fostering stronger economic and political ties with key global partners,” the statement added.

The Council of Ministers reaffirmed its dedication to implementing policies that support economic growth, enhance public services, and strengthen Iraq’s regional and international standing.

TIDBIT FROM MARKZ, 12 MARCH

 MarkZ   

[via PDK] 

 Article:  “US gas move: Iraq’s race to avert power crisis”

  US has gone full tilt with Iraq to stop Iranian influence and rebuild Iraqi infrastructure.

 They are adding power plants as well as rebuilding the power structure. This will put Iraq at the forefront in the region…and with that we get the economic reforms or a higher value to lift the purchasing power of Iraq.

AJ : MORE GOOD NEWS: 🔥Iraq Inflation drops to 3 percent!!! @DINARREVALUATION #iraqidinarinvestor

 

FRANK26: "WORLD BANK KNOWS NONE OF THIS IS ACHIEVED AT 1310", 12 MARCH

 KTFA

FRANK26: "WORLD BANK KNOWS NONE OF THIS IS ACHIEVED AT 1310".....F26

World Bank confirms its continued support for Iraq to achieve its development goals

 

3/11/2025

 

Finance Minister Taif Sami stressed the importance of the ongoing partnership with the World Bank, and Iraq's aspiration to benefit from the technical and financial support provided by the bank in implementing strategic projects to stimulate economic growth and provide job opportunities, especially in areas including infrastructure and human development. This came during her reception of the World Bank Representative to Iraq, Jean-Christophe Carret, and his accompanying delegation.

The meeting discussed ways to enhance economic and financial cooperation between Iraq and the World Bank. It reviewed a number of key topics related to enhancing financial stability in Iraq, in addition to discussing development projects that the two parties seek to implement with the aim of achieving sustainable development.

For his part, the World Bank representative expressed the bank's commitment to continue supporting Iraq in achieving its development goals, noting that the World Bank pays great attention to enhancing Iraq's ability to face economic and development challenges, with a focus on sustainable development and achieving comprehensiveness in the benefits achieved .

LINK

, GOLDILOCKS: BREAKING NEWS: No More Restrictions on OUR CURRENCY - Never happened Before ! 12 MARCH

 GOLDILOCKS: BREAKING NEWS: No More Restrictions on OUR CURRENCY - Never happened Before !

Highlights

Summary

In this video presented by Freedom Fighter on the Goldilocks Global Banking News channel, the host discusses recent developments concerning the Revaluation (RV) and Global Currency Reset (GCR).

 The importance of digital assets, particularly XRP, and their role in the new banking system is emphasized. Updates from the Office of the Comptroller of the Currency (OCC) reveal that banks can now freely engage with digital assets without needing special approvals, streamlining processes for currency exchanges.

 The host highlights the growing acceptance of digital assets in traditional banking and how this shift could lead to significant changes in wealth management and currency exchanges. The discussion also touches on the importance of stable coins and their regulatory environment, suggesting that these developments are paving the way for a major financial transformation.

• 🌍 Global Audience Engagement: The Goldilocks channel serves as a platform for individuals worldwide to stay informed on RV and GCR updates.
• 💼 Wealth Management Trends: Increasing announcements of individuals finalizing their wealth management strategies indicate a growing readiness to engage with new financial systems.
• 📈 Digital Asset Regulation: The establishment of digital asset regulation committees under President Trump signifies a governmental interest in integrating digital currencies into the economy.
• 💵 OCC’s New Guidance:  The OCC’s new guidance allows banks to offer cryptocurrency services as part of their normal operations, marking a significant shift in banking regulations.
• ⚖️ XRP’s Role in Currency Exchange: XRP is positioned as a key digital asset for facilitating cross-border payments, crucial for the global currency exchange process.
• 🚀 Removal of Regulatory Barriers: The removal of red tape in banking regulations is expected to boost the adoption of digital currencies and streamline transaction processes.
• 🔍 Future of Digital Assets: A clear ruling on XRP’s regulatory status could enhance confidence in digital assets, promoting further development and usage within the financial system.

Key Insights

• 🌐 Global Engagement in Financial Transformation: The video highlights how the Goldilocks channel is fostering a sense of community among those interested in RV and GCR. This connectivity allows individuals to share experiences and strategies regarding their wealth management, indicating a collective movement towards a new financial paradigm.

• 💰 Emergence of Wealth Management Firms: The discussions reveal that individuals are actively selecting wealth managers who are prepared to handle their funds post-RV. This indicates a strong belief in the upcoming financial changes and the necessity for expert guidance in navigating these new opportunities.

• 📊 Impact of Digital Assets on Currency Values: The host presents the view that digital assets, particularly XRP, will serve as a backbone for the new currency landscape. By leveraging digital currencies for exchanges, the host suggests that traditional currency values may undergo significant changes, impacting global finance.

• 🏦 Evolution of Banking Regulations: The OCC’s recent announcements indicate a shift towards embracing digital assets within traditional banking frameworks. By allowing banks to engage with digital currencies without excessive regulatory burdens, the OCC is essentially modernizing banking practices to incorporate evolving financial technologies.

• 🔗 Cross-Border Payment Solutions: The emphasis on XRP as a facilitator for cross-border payments showcases its potential role in enhancing the efficiency of international transactions. With the ability to streamline currency exchanges, XRP represents a significant advancement in how currencies are traded globally.

• ⏳ Speed and Liquidity in Transactions: The potential for digital assets to enhance liquidity and swift transactions is a critical insight. As banks become comfortable with using XRP, the speed of currency exchanges could drastically improve, benefiting individuals and businesses alike in the new digital economy.

• 🌱 Future Growth of Digital Assets: The host’s optimism about the future of digital assets underscores the belief that as regulatory clarity improves, more institutions will adopt digital currencies. This could lead to a broader acceptance of various cryptocurrencies, fostering innovation and development in the financial sector.

Through these insights and highlights, the video emphasizes a transformative phase in global finance, driven by the integration of digital assets and supportive regulatory frameworks.

 The overarching message conveys a sense of anticipation for the benefits this financial evolution may bring to individuals and institutions alike, encouraging viewers to stay informed and engaged in these developments.

AJ : Update: Iraq operates a parallel market for dollar exchange rates within the country!! #iqd

 

FRANK26: "COMPLETE THE AGREEMENTS MEANS A NEW EXCHANGE RATE", 12 MARCH

 KTFA

FRANK26: "COMPLETE THE AGREEMENTS MEANS A NEW EXCHANGE RATE"........F26

"Apicor" welcomes the statements of Al-Sudani and Waltz and confirms its readiness to resume exports after completing the agreements

 

3/10/2025

 

Kurdistan Oil Industry Association (APIKUR) expressed its appreciation for the statements of Prime Minister Mohammed Shia al-Sudani and US National Security Advisor Mike Waltz, which stressed the importance of resuming oil exports through the Iraq-Turkey pipeline.

The association confirmed in a statement to Rudaw Media Network on Monday (March 10, 2025) that its companies are ready to resume exports "as soon as new agreements are reached on sales and loading mechanisms," noting its readiness to meet with all concerned parties to discuss the next steps.

Iraqi Prime Minister Mohammed Shia al-Sudani received a phone call from US National Security Advisor Michael Waltz, which touched on the contracts of oil companies operating in the Kurdistan Region.

During the call, Waltz urged the Iraqi government to cooperate with the Kurdistan Regional Government to "resolve contract disputes and pay arrears owed to US energy companies," according to a post on his account on the "X" platform.

He welcomed al-Sudani's efforts to "achieve Iraq's energy independence," calling on the Iraqi government to "encourage the entry of more Western and American companies into the oil and gas sectors in Iraq."

He also called on the Iraqi government to "appoint an investment coordinator to work with American companies wishing to invest and operate in Iraq."

For his part, Al-Sudani's media office stated in a statement that the US National Security Advisor "encouraged" the prime minister to "rely more on American companies, and work to solve problems and overcome obstacles facing those companies operating in Iraq, including the Kurdistan Region of Iraq, to ​​encourage them to work and invest in Iraq.

" Al-Sudani stressed "Iraq's commitment to expanding economic relations with the United States," encouraging "American companies to invest in the growing Iraqi market."

On March 8, Iraqi government spokesman Bassem Al-Awadi told Rudaw Media Network that they were in the final stages of resolving differences related to the resumption of Kurdistan Region oil exports, noting that exports could begin this month.

In a statement to Rudaw Media Network, APICORP spokesman Miles Caggins stressed the importance of dealing with oil companies operating in the Kurdistan Region in the same way as companies operating in Iraq, attributing this to the fact that companies in Iraq “know when and how to receive oil money, and they do not have financial problems.”

LINK