Sunday, April 20, 2025
Omani minister hails Iraq’s Grand al-Faw Port: gateway to development, 20 APRIL
Omani minister hails Iraq’s Grand al-Faw Port: gateway to development
Shafaq News/ Omani Minister of Transport, Communications and Information Technology, Said bin Hamoud al-Maawali, on Friday, described Iraq’s Grand al-Faw Port as a “gateway to the region for the Development Road,” following a high-level visit to the southern megaproject.
Accompanied by his Iraqi counterpart, Transport Minister Razzaq Muhaibis al-Saadawi, the Omani official led a delegation to review progress on one of Iraq’s most ambitious infrastructure projects.
In a joint press conference, al-Saadawi said the Omani delegation was “greatly impressed” by the level of completion achieved in several key areas of the port project, calling it “a major milestone for Iraq and the wider region, and a transformative step for trade and economic growth.”
Al-Maawali considered the Grand al-Faw Port “a gateway to regional development,” noting parallels with similar projects in Oman. “We have examined the components of this vast initiative in detail,” he said. “We affirm our desire to pursue an ambitious beginning and a meaningful partnership with Iraq.”
The Grand al-Faw Port is central to Iraq’s Development Road plan, which envisions a major transport corridor linking the Gulf to Europe through Iraq and Turkiye via a network of highways and railways, integrated with industrial and logistics hubs.
TIDBIT FROM FNU LNU, 20 APRIL
Fnu Lnu
Article quote:“For the last three years Iraq has enjoyed relative stability, good oil prices and a growing economy. For those who invested in the Iraqi stock market, returns of over 100% are common and GDP in 2025 is estimated to be up to 5%.”
This comes from the IBBC at their recent meeting. As you can see, Iraq is doing quite well and life is moving forward for the Iraqi’s. They are doing all of this with a REER of 1300 which has been stable for three years.
Saturday, April 19, 2025
IRAQ NEWS HEADLINES: A company will be designated to assess oil production costs in the Kurdistan Region, 20 APRIL
IRAQ NEWS HEADLINES
FIREFLY & FRANK26 UPDATE, 20 APRIL
Frank26 (KTFA)
[Iraq boots-on-the-ground report]FRANK: ATMs are now in position. They’re bringing them forth. Not all are out I know but just curious, do you think they have the lower notes in them right now?
FIREFLY: Mr Sammy wants you to know IHO no lower notes in them yet. But soon.
FRANK: Smile!!!
I am concerned about the budget which I believe has the origin, which I believe has the new exchange rate and I am concerned about the gazette which I believe is hiding the new exchange rate. Everything else waits for the new exchange rate.
The dong? Oh my goodness. I have a feeling next month in May we’re going to be talking about the dong. I hope we’re done talking about the Iraqi dinar pretty soon…But the dong? Oh my word…