China "Tightens Grip on Iraq" with Basra Megaproject

 China Tightens Grip on Iraq's Energy Future with Massive Basra Megaproject

China's Geo-Jade Petroleum has signed a swathe of major contracts that give Beijing control over Iraq's first fully integrated energy project.

Click here to read the full report.

EXCERPTS FROM MARKZ

 EXCERPTS FROM MARKZ

Member: Any Bond or bank news ??

MZ: On the bond side and banking side still quiet- but I did have a bond contact send me a message yesterday saying that the dinar now had an official spot on forex. I don’t know what that means , but he seemed excited. Hopefully that means they are preparing for an international rate and international trade. I am waiting for more clarification

MZ: My redemption center/wealth management folks are not working this weekend.

IRAQ IS PREPARING TO THE INTERNATIONAL MARKET INTEGRATION & INCREASE TH...

Iraqi Airways closer to Removal of EU Ban

 Prime Minister Mohammed S. Al-Sudani chaired a key meeting with representatives from the International Air Transport Association (IATA) to track progress on lifting the European Union's ban on Iraqi Airways.

During the session, the IATA delegation and the Head of the Iraqi Civil Aviation Authority (ICAA) presented a detailed update, confirming that 71% of the agreed corrective action plan has been implemented. Discussions also explored the signing of a potential Memorandum of Understanding (MoU) between Iraq and IATA to further formalise collaboration.

The review included compliance with IOSA (IATA Operational Safety Audit) and EASA (European Union Aviation Safety Agency) standards, with IATA affirming improved operational performance and pledging continued support through technical training to bolster aviation governance in Iraq.

Topics also covered included airport security, pilot development programmes, and the importance of aligning Iraqi Airways with global aviation service standards in areas such as cargo, ground services, and fuel operations.

(Source: PMO)

TIDBIT FROM FRANK26

 Frank26  

 Forex just put the Iraqi dinar on the international trading platform. 

 It's not live or active yet but it's in position!

 Article:   "United Nations Secretary General Special Representative Muhammad Al Hasson confirmed Iraq is on its way to becoming a banking powerhouse domestically and internationally." 

 Not at 1310!  ...1310 is going to be replaced with 1 to 1 because that's where they're almost at... 

 Article Quote:  " ...Hassan pointed out the United States supports Iraq's approach which will in the coming days become a banking force that interacts internationally..."

MARKZ: They are on the fully international forex!! @DINARREVALUATION #ir...

Kurdish parties denounce Iraqi salary freeze as illegal

 Shafaq News/ On Saturday, 43 Kurdish political parties and groups condemned a decision by Iraq’s Ministry of Finance to suspend salary disbursements during a meeting hosted at the Kurdistan Democratic Party’s (KDP) political headquarters in Erbil, the capital of the Kurdistan Region.

In a joint statement, the parties said they convened to discuss the political situation in both Kurdistan and Iraq, focusing on ongoing disputes between the Kurdistan Regional Government (KRG) and the federal government—particularly the recent Finance Ministry decision, which they labeled “unconstitutional and illegal.”

The rights and salaries of KRG employees should not be subject to political conflicts, they said, warning that continued pressure tactics would only deepen crises.

The Kurdish parties further emphasized the need for unified action. “We believe dialogue and  negotiation are the best path to resolve this crisis, but we also affirm that all options remain on the table to safeguard the Region’s higher interests.”

Iraqi Prime Minister Mohammed Shia Al-Sudani is expected to authorize May salary payments for public sector employees in the Kurdistan Region through a temporary federal loan, a source told Shafaq News on Saturday.