THE MINISTER OF FINANCE AFFIRMS IRAQ’S KEENNESS TO STRENGTHEN ITS RELATIONS WITH THE WORLD BANK

 THE MINISTER OF FINANCE AFFIRMS IRAQ’S KEENNESS TO STRENGTHEN ITS RELATIONS WITH THE WORLD BANK.

Finance Minister Taif Sami affirmed on Tuesday Iraq’s keenness to strengthen relations with the World Bank and benefit from its expertise.

The ministry said in a statement, seen by Al-Eqtisad News, that “Finance Minister Taif Sami received today the World Bank Representative to Iraq, Emmanuel Salinas Muñoz,” indicating that “during the meeting, areas of joint cooperation between the two sides were discussed, especially with regard to supporting economic programs and financing development projects.”

He continued, “The two parties discussed prospects for strengthening the partnership in vital sectors, including energy, education and health, and the importance of continuing coordination to implement financial and administrative reforms, in line with the priorities of the Iraqi government and its plans for sustainable development.

” The Minister of Finance stressed “Iraq’s keenness to strengthen its relations with the World Bank and benefit from its technical and financial expertise.”

The World Bank representative reiterated “the institution’s commitment to supporting the Iraqi government’s efforts in implementing reform programs and achieving economic stability.”

BROTHERS TECHNOLOGY : 1st. Public Visibility Of The New Rate!!!

 BROTHERS TECHNOLOGY

1st. Public Visibility Of The New Rate, which unifies Citizens and Banks  

2cd. Surprise The world with the Announcement and Presentation to the World THE NEW REPUBLIC OF IRAQ IMO Show Time No More Lies……. Baghdad – 964 Prime Minister Mohammed Shia Al-Sudani commented on Wednesday on US President Donald Trump's visit to the Gulf, describing it as a mission, while pointing out that the outputs of the Baghdad summit may be affected by the outcomes of Trump's visit to the Arab Gulf countries,

pointing to surprises in the Arab summit in terms of decisions and attendance, and stressed that Iraq did not think about any peace project with Israel, according to the law and the Constitution.

🔥🇮🇶 SMOKE AND MIRROR🇮🇶🔥: RV IS COMPLETED behind the scenes!! @DINARREVALUATION #iraqidinar #iraq

FRANK26: "IRAQ ALSO HAS POTENTIAL FOR A NEW EXCHANGE RATE".

 KTFA

FRANK26: "IRAQ ALSO HAS POTENTIAL FOR A NEW EXCHANGE RATE".......F26

Al-Sudani: Iraq is an oil and industrial country that has the potential to export products to the region.

5/14/2025

 

Prime Minister Mohammed Shia al-Sudani described Iraq on Wednesday as an "industrial country," not just an oil country, and that it can meet the needs of the local market and countries in the region.

This came in a speech delivered via video link during the inauguration of the steel plant at the General Company for Iron and Steel in Basra Governorate, with a capacity of 600,000 tons annually. He also launched the implementation work for the industrial city in Al-Zubair District, and the Basra Chlorine and Caustic Soda Production Plant Project .

Al-Sudani said in his speech, "Iraq, in addition to being an oil-producing country, is an industrial country that possesses all the ingredients for the emergence of a national industry that meets the needs of the local market. We have qualified to become a country that exports products to the rest of the countries in the region."

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TIDBIT FROM CLARE

 Clare 

  Article:  “How did the Central Bank's strategic plan control the dollar price?" 

 Quote:  "Saleh explained that the narrowing gap between the official exchange rate and the parallel (black) market exchange rate is one of the most prominent indicators of the success of the strategic approach to controlling the currency market outside official channels, which has had a positive impact on economic stability and the interconnectedness of the Iraqi economy.. .

This approach has contributed significantly to enhancing the stability of the monetary market, which benefits the strength of the Iraqi dinar..."

A2Z: Iraq’s Trade Bank just passed JPMorgan Chase’s global systems test!! #iraqidinar #iqd

 

FRANK26: "THERE IS MORE TO THE EYE THAN WHAT YOU CAN SEE"

 KTFA

FRANK26: "THERE IS MORE TO THE EYE THAN WHAT YOU CAN SEE".......F26

Iraq welcomes Trump's visit to Saudi Arabia and considers the Riyadh and Baghdad summits complementary.

 

5/14/2025

Foreign Minister Fuad Hussein affirmed on Wednesday that Iraq welcomes US President Donald Trump's visit to Saudi Arabia. While announcing that Iraq will chair three Arab summits, he pointed to "tremendous" efforts being made to organize the Baghdad Development Summit.

 

"We are pleased with Trump's visit to the region and the understandings reached, and we are also pleased with the lifting of sanctions on the Syrian people," Hussein said during a press conference attended by a Shafaq News Agency correspondent.

Regarding the Baghdad Development Summit, Hussein explained, "Today we will highlight the tremendous work undertaken by the Higher Committee charged with preparing for the Arab Summit, with the participation of numerous Iraqi government departments."

He added, "The participation of leaders and officials in these exceptional circumstances the region is experiencing demonstrates the unity of Arab leaders in our current situation and their support for Baghdad's investment renaissance."

He added, "Twenty Arab organizations and federations will participate in the summit, in addition to international organizations represented by the Secretary-General of the United Nations, the Secretary-General of the Organization of Islamic Cooperation, the President of the African Union, and a representative of the European Union. The guest of honor will be Spanish Prime Minister Pedro Sanchez."

He continued, "There are also more than 250 Arab and foreign journalist guests and dozens of Arab and foreign figures in Baghdad."

Hussein affirmed, "Baghdad has focused its efforts on supporting the Arab Summit and providing full support, holding 16 meetings of the Supreme Administrative Committee. Iraq is proud to have hosted three summits: the 34th Arab League Summit, which Bahrain was honored to host last year, and now Iraq is honored to host it in Baghdad."

He added, "The second summit of the fifth session of the Economic and Social Development Summit, which is held every four years, and we will be honored to chair it from the State of Lebanon." He added, "The third summit is at the leaders' level, and Iraq will assume the presidency of the three summits. Iraq is now the president of the Arab Summit for next year."

Regarding the Baghdad Development Summit, Hussein explained, "There will be two sessions next Saturday. The first will begin in the morning for the Arab League Council session, and the second will be in the afternoon for the fifth development summit."

He added, "The two summits will issue the Baghdad Declaration, which includes the joint Arab position on economic, social, and development interests, and focuses on the regional challenges facing the region, most notably an immediate ceasefire in Gaza and the opening of crossings for humanitarian aid. The countries have presented their views on the items under discussion."

Hussein announced, "It is hoped that political initiatives will be put forward to establish the Arab Center for Combating Terrorism and the Arab Center for Regional Crime."

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