As you know the Iraqi Foreign Minister Fuad Hussein left for Washington D.C. to meet with Secretary of State Marco Rubio on Thursday. But what you many not know is the huge request the Iraqi Foreign Minister had for the United States...
The visit signals a deepening partnership between the two nations, which is a good thing for IQD investors. But the interesting factor that was finally revealed about the meetings was Iraq's request. Iraq asked the US to reconsider travel warnings ...A move that could make it easier for investors to travel freely to the country...
Hussein stressed that the current "Level 4 - Do Not Travel" advisory is hurting Iraq's chances of attracting American businesses and investment. He explained Iraq's situation has improved significantly and continuing to label Iraq as highly dangerous
just doesn't reflect the new reality on the ground anymore..
.Hussein pointed out some European countries have already updated their travel advisories for Iraq...As of now, it's unclear whether the Untied States will agree to remove or lower the travel warning...If Washington does choose to reconsider it would mark a major step toward opening Iraq's doors wider to American investors and businesses. Guys this is major!
Kurdistan Government: We have no obstacles to resume oil exports and good progress in talks with Baghdad
The Kurdistan Regional Government confirmed that there are no obstacles by Kurdistan to resume oil exports, noting that the losses exceeded 10 billion dollars.
A statement from the Kurdistan Government Presidency said on Wednesday that the Kurdistan Regional Council of Ministers held a meeting under the chairmanship of Prime Minister Masroor Barzani, and in the presence of Deputy Prime Minister Qobad Talabani, where he discussed the latest developments in the oil export file, in addition to the reorganization of the affairs of retirees.
The statement stressed that “there are no obstacles on the part of the Kurdistan Region to resume oil exports.”
At the beginning of the meeting, the Acting Minister of Natural Resources, Kamal Mohammed Saleh, gave a presentation on the latest developments related to the resumption of the region’s oil exports based on the Iraqi budget law.
Saleh explained that “the ministry has fully fulfilled all its obligations with regard to the regional government,” stressing that “there are no obstacles or obstacles on the part of the Kurdistan Region to the resumption of exports and depositing proceeds in the Federal Public Treasury.”
While the head of the Cabinet of Ministers’s Office, Omid Sabah, and Council Secretary Amanj Rahim, reviewed the details of the ongoing talks with the federal government and oil companies, and pointed to “good progress on some items, while continuing efforts to resolve the remaining points, especially those related to companies.”
The statement pointed out that the Council of Ministers renewed its support for the negotiations, calling on the Ministry of Natural Resources, the Federal Ministry of Oil, the oil companies and the Iraqi Oil Marketing Company (SUMO) to “continue coordinating and negotiating in order to settle the outstanding files and reach an agreement as soon as possible, in preparation for the resumption of the export of the region’s oil.”
The regional government warned, according to the statement, that financial losses resulting from the suspension of oil exports “have exceeded tens of billions of dollars.”
In another focus of the meeting, the Council discussed the reorganization of the Public Retirement Administration Institution, based on the Iraqi Unified Retirement Law No. (9) of 2014, and the decision of the Federal Court.
The head of the Coordination and Follow-up Department, Abdul Hakim Khosrow, submitted a report in this regard, in which he stressed “the need to organize the file in line with federal laws.”
In turn, the Council of Ministers stressed the importance of taking care of the affairs of retirees, and instructed the ministries (Finance, Economy, Peshmerga Affairs, and Interior) to form a specialized joint committee as soon as possible,
which prepares appropriate procedures and mechanisms to facilitate and accelerate retirement transactions and disbursement of salaries and dues, in the civil, military sectors and the Internal Security Forces, to ensure that there is no delay in completion or disruption of the rights of retirees, as stated in the statement.
If you knew that and you could still buy currency you could front-run. Market's don't work that way.
What we have seen so far in the news is...all positive, nothing that's considered to be worrisome as far as I can see.
The tone from Washington has been positive. They've been talking about support...
for Iraq's monetary reforms by the largest financial institutions in the world - United States Treasury, Federal Reserve, International Monetary Fund, World Bank, IFC. The focus has been about security, stability, sustainability, partnerships with the public and private sectors, investment opportunities...
Al-Sudani Affirms The Government's Readiness To Provide Facilities And Support For Baker Hughes' Operations In Iraq
Money and Business Economy News – Baghdad Prime Minister Mohammed Shia al-Sudani affirmed on Wednesday the government's readiness to provide facilities and support for the American company Baker Hughes' operations in Iraq.
The Prime Minister's Media Office stated in a statement received by Al-Eqtisad News that "Al-Sudani received today, Wednesday, the Chairman and CEO of Baker Hughes, an American oil and energy services company."
He added, "During the meeting, they discussed prospects for cooperation in the energy sector and reviewed the company's projects in Iraq, including the completion of gas processing units in the Nasiriyah field with a capacity of 200 million standard cubic feet. The first phase of this project is expected to be completed before the summer of 2026, while the second phase will be completed in 2027."
Al-Sudani affirmed, according to the statement, "the government's readiness to provide all necessary facilities and support for the company's operations in Iraq, in light of the government's procedures for the entry of businessmen and companies into the Iraqi market." He indicated that "the government has worked to improve the business environment to attract companies in all sectors."
For his part, Baker Hughes affirmed his company's "commitment to implementing energy projects in Iraq and expanding its scope of work," noting that "Iraq boasts promising investment opportunities in various fields." https://economy-news.net/content.php?id=54981
OK, GFM is hinting at a lot of articles that indicate Iraq has moved to a blockchain based QFS system. We are in a hot window from 5PM today until Tuesday. Let’s get this done.
