Iraq eyes US investment in power generation, 5 APRIL

Iraq eyes US investment in power generation

Shafaq News/ Iraq and the United States have a “unique opportunity” to deepen their strategic partnership in ways that bolster regional security, economic integration, and long-term stability, a senior Iraqi official said, ahead of a planned visit by a large US business delegation to Baghdad next week.

Farhad Alaaldin, Foreign Affairs Adviser to Iraqi Prime Minister Mohammed Shia al-Sudani, made the remarks in an opinion piece published in The National. He revealed that the US delegation, led by the US-Iraq Business Council, aims to explore new investment opportunities in Iraq’s growing market.

Alaaldin, who recently visited Washington, said he was told by a senior US official that the Trump administration’s foreign policy is centered on making the United States safer, stronger, and more prosperous—an approach he noted aligns with Iraq’s own vision under the “Iraq First” and “shared interests” policy framework advocated by Prime Minister al-Sudani.

He pointed to steady progress in Iraq-US ties, especially in the areas of security, energy, and economic development. With Iraq's economic recovery gaining momentum, particularly in the energy sector, Alaaldin said US companies are well-positioned to play a critical role in shaping Iraq’s transformation.

Among the firms expected to visit Baghdad are major American energy and infrastructure companies such as General Electric, KBR, Baker Hughes, Halliburton, and Honeywell. One of the key outcomes of the visit, he noted, could be the signing of a landmark agreement between GE and Iraq’s Ministry of Electricity to develop 24,000 megawatts of high-efficiency power generation—half of Iraq’s current estimated electricity demand of 48,000 megawatts.

Alaaldin also highlighted regional energy integration efforts, including Iraq’s plan to connect 500 megawatts to the Gulf Cooperation Council’s power grid via Kuwait. Additional agreements with Turkiye, Jordan, and Saudi Arabia are expected to contribute another 2,500 megawatts by 2027.

He emphasized the potential for American firms to assist Iraq in addressing its “critical challenge” of gas sector reform—curbing flaring, reducing environmental damage, and helping the country achieve energy self-sufficiency.

Over the past two and a half years, Alaaldin said, Iraq has awarded more contracts to US companies than at any previous stage in the bilateral relationship. Economic cooperation has flourished, ranging from agricultural imports like wheat and rice to large-scale infrastructure development.

The Iraqi government, he added, is currently focused on accelerating major infrastructure projects in transport, water, and telecommunications—sectors where US companies hold strong competitive advantages.

Looking ahead, Alaaldin said Baghdad and Washington see their future defined by shared interests and mutual opportunity. He referenced a November 8 phone call between Prime Minister al-Sudani and President Donald Trump following the latter’s election victory, during which both leaders reaffirmed their commitment to advancing the strategic partnership beyond security, with an emphasis on cooperation in finance, energy, technology, and economic development.

Alaaldin concluded that this next chapter of US-Iraq cooperation holds the promise of mutual prosperity, with shared priorities in economic growth and regional stability forming the foundation of a lasting partnership that contributes to global security.

FNU LNU & SANDY INGRAM : DISCUSSION ABOUT THE PORRIBLE RV IQD RATE!!

 Fnu Lnu 

  Pennies will do nobody any good and will guarantee a bankruptcy.

 The average Dinar investor (majority of) hold ONE 25000 NOTE! This IS A FACT!

Sandy Ingram 

 [We] hope the IQD can reach the amount of pennies for one IQD. 

While this is not promised or guaranteed the IQD could soon increase above pennies to the dollar.  

Most...[dinarians] hold at least 1 million IQD banknotes.  If the IQD were to increase to $0.10 per 1 IQD investors would make $100,000 in profits. 

FIREFLY: All of this points to a new exchange rate coming!! @DINARREVALUATION #IQD #iraq

 

China imposes 34% tariffs on US goods, 5 APRIL

China imposes 34% tariffs on US goods

China announced on Friday that it will impose 34% tariffs on US goods.

The Customs Tariff Commission of the State Council of China stated, "This move is in response to the tariff policies pursued by US President Donald Trump."

The Commission included in the statement that "the United States' actions are contrary to international trade rules, seriously undermine China's legitimate rights and interests, and constitute a typical example of unilateral bullying."

CRYPTO TRADER: #IQD Government advisor: Iraq's oil exports are not subject to US tariffs!!, 5 APRIL

 CRYPTO TRADER

#IQD Government advisor: Iraq's oil exports are not subject to US tariffs For all those who think 39% tariff on Iraq is a big deal it doesn't apply to crude exports which form 95% of the total exports .

U.S. total goods trade with Iraq were an estimated $9.1 billion in 2024. U.S. goods exports to Iraq in 2024 were $1.7 billion, down 26.4 percent ($595.2 million) from 2023.

U.S. goods imports from Iraq totaled $7.4 billion in 2024, down 12.2 percent ($1.0 billion) from 2023.

5:38 AM · Apr 3, 2025

MARKZ: THE WHITE PAPERS WILL ADD VALUE TO THE IRAQI DINAR #IQD #iraqidinarinvestor #iraq

 

PM: Iraq's strategic location is a natural global trade corridor, 5 APRIL

PM: Iraq's strategic location is a natural global trade corridor

INA - BAGHDAD

PM Muhammed S. Al-Sudani stressed that Iraq must not rely solely on oil, highlighting that the country’s strategic geographic location makes it a natural global trade corridor. 

Al-Sudani met on Friday with a group of tribal sheikhs and notables from across Iraq at the guesthouse of Rahim Majeesar Al-Baydani in Baghdad, according to a statement by the PM Media Office - received by the Iraqi News Agency - INA.

He extended Eid al-Fitr greetings to the attendees and thanked Al-Baydani for the invitation, commending his social and humanitarian contributions, as well as his support for security forces and displaced families during the fight against Daesh terrorist groups. 

The Prime Minister affirmed that Iraqi tribes have consistently supported the state throughout history, beginning with the 1920 Revolution and continuing through their sacrifices in all critical phases.

He praised the tribes’ role in responding to the religious authority’s call for jihad when Iraqis from all backgrounds stood together to confront terrorism - at a time when some believed the Iraqi state was on the brink of collapse. "That united stand ensured the nation’s survival and recovery."

"The Supreme Religious Authority’s call for Iraqis to reflect upon and embrace their deep cultural and intellectual heritage is both timely and meaningful. He underscored that Iraq’s rich civilization and vast natural resources empower it to overcome present and future challenges. The Authority’s recent message - that Iraq is recovering and moving along the right path - serves as a source of national reassurance in the face of fear-mongering that seeks to spread fear, anxiety, and a sense of defeat within society," he stressed.

He highlighted, saying, "What we enjoy today is the result of great sacrifices and honorable tribal stances, which we will never forget. Iraq is strong, capable, recovering, and moving forward - with recognition from regional and international institutions."
 
"Iraq plays a leading role in the region, and the scale of reconstruction and development underway from Basra to Nineveh is unprecedented. The government has prioritized the needs of the people above all personal or partisan interests," he added.
 
The Prime Minister asserted that "Iraq must not rely solely on oil; the country holds immense potential in agriculture, industry, and tourism. Our country’s strategic geographic location makes it a natural global trade corridor. That’s why we launched the Development Road project. We are working around the clock to fulfill our commitments, and Iraq possesses the resources, capabilities, and will to overcome challenges. Work is progressing on projects to deliver natural gas to our power stations."
 
"There is real political will to enact reforms, and we have made significant progress in less than two and a half years," he noted.

He pointed out that "the region has gone through extraordinary circumstances, and one of the government’s greatest challenges has been its approach to the crisis - rooted in Iraq’s principled stance on the Palestinian cause. The ongoing Zionist aggression against Palestinians reflects the failure of the international community."

"We’ve preserved Iraq’s stability through wise and responsible leadership, preventing the country from being dragged into regional conflict. Some impulsive voices called for Iraq to engage in war and conflict. Iraq’s and the Iraqi people’s interests are our top priority. There is no room for compromise, whether with internal or external actors," he stated.

PM Al-Sudani said that "the government’s approach is to uphold the state’s supreme interests. We count on religious leaders, tribal sheiks, and national elites to promote a message of unity and cohesion across society."

"Some thrive on division, crisis, and conspiracies. We must remain Alert - especially with the upcoming electoral process. We are confident that Iraq’s future is bright - powered by its people, its resources, and a sound vision for governance," he included in his remarks.