FRANK26: "IRAQ ENTERS THE MODERN ERA & THE SPACE AGE ERA"......F26
The Prime Minister directs the relevant authorities to study ways to facilitate the work of SpaceX (Starlink).
5/28/2025
- Baghdad
Prime Minister Mohammed Shia al-Sudani directed the relevant authorities on Wednesday to study ways to facilitate the work of the American company SpaceX (Starlink).
The Prime Minister's Media Office stated in a statement seen by Al-Eqtisad News that "Prime Minister Mohammed Shia al-Sudani received a delegation from SpaceX (Starlink), an American company specializing in networking, information and communications technology. During the meeting, aspects of cooperation in the field of communications and the services provided by the company, as well as its coverage areas, were reviewed."
During the meeting, Al-Sudani emphasized that "Iraq today boasts many promising investment opportunities, given the rapid growth and urban and service expansion it is witnessing," noting "the importance of the strategic relationship with the United States within the framework agreement and other bilateral memoranda of understanding, which extend to various economic, scientific, and developmental fields."
According to the statement, he directed "the relevant authorities to study ways to facilitate the work of SpaceX (Starlink) and expedite the necessary measures," expressing his "welcome to major technology companies, especially American ones, to operate in Iraq and the possibility of their cooperation with the Iraqi private sector, within the government's vision for digital transformation procedures."
For its part, the company's delegation affirmed its "readiness to operate in Iraq, provide services, and cooperate in the Iraqi market," noting that "Starlink's services will contribute to digital transformation and its applications for public and private sector institutions, develop communications, and achieve economic prosperity within the framework of bilateral cooperation between Iraq and the United States."
The most beautiful event in the coming days is:
We will witness special forces arresting criminals inside Iraq.
And even more beautiful than that, we will witness Israeli aircraft filling the sky, bombing and killing criminals, and destroying Iran and its filthy regime.
Did you forget something, my friend?
Is there anything more beautiful than these events?
The second session of the Anti-Money Laundering and Combating the Financing of Terrorism Conference kicks off in Baghdad with broad Arab participation.
5/28/2025
- Baghdad
The second conference on combating money laundering and terrorist financing kicked off in the Iraqi capital, Baghdad, under the title "International Compliance: A Gateway to Strengthening Relations with Correspondent Banks." The conference was attended by high-level officials and banking officials, and drew broad Arab and international participation.
The conference began with a welcoming speech by the Chairman of the Iraqi Private Banks Association, Wadih Al-Handhal, who expressed his happiness at holding this important event in Iraq.
He emphasized the importance of the central topic it addresses, given the challenges facing the Iraqi and Arab banking sectors alike.
It's been many month, a long time, that we've heard any talk about the World Trade Organization but they're doing it again. I don't think that's a coincidence.
It's obvious Iraq is pushing to go and integrate into the international financial system...All of this is coming together quite beautifully.
Article Quote "Iraq has made significant progress towards joining the World Trade Organization." ...Integration is inevitable as far as I can tell.
Prime Minister's financial advisor, Mazhar Mohammed Salih, confirmed on Wednesday that Iraq is moving towards diversifying its gross domestic product (GDP) sources by expanding investment in the mining sector, He noted that the value of Iraq's natural resources exceeds $16 trillion. Saleh told the Iraqi News Agency (INA): "Iraq is moving towards diversifying its GDP sources by expanding investment in the mining sector, a sector that has been neglected for decades, the government has signed memoranda of understanding with reputable international companies in the fields of exploration and investment in minerals, especially in the fields of phosphate, sulfur, lithium and copper, this is within the framework of the strategic directions of the Iraqi government program to diversify sources of
national income and optimally exploit the country's wealth." He added,"Investment in the mining sector will contribute to attracting billions of dollars in fields ready for development, such as sulfur, phosphate, lithium, and other minerals, "He pointed out that "Iraq ranks first in the world in terms of the concentration of natural resources per square kilometer, and ninth in the world in the value of various natural resources, with an estimated value exceeding 16 trillion US dollars, according to published global estimates." He pointed out that "the various reserves of the earth's wealth constitute a diverse stock of minerals, foremost among which is phosphate: its reserves are estimated at more than 10 billion tons, and our country is second in the world in terms of reserves, and it is concentrated in the Akashat area in Anbar Governorate, secondly, free sulfur: which our country enjoys large reserves in Mishraq in Nineveh Governorate and is considered one of the largest free sulfur fields in the world, the third is silica: in the Najaf Ashraf region and western Iraq, and it is used in the glass, electronics and semiconductor industries, and it is one of the most important and purest reserves in the world according to international published global readings." He continued, "Likewise, iron, manganese, copper, and gold are distributed across various regions of Iraq, particularly in the Kurdistan Region and the western and central borders, except for southern Iraq, which possesses vast reserves of other rare natural resources." He pointed out that "the policy of diversifying the national economy through the extraction and processing of mineral resources for national industries, and then adopting their export by maximizing value-added chains in manufacturing or semi-manufacturing industries, will add at least 10 percent to the GDP in the first phase."
He pointed out that "after that, the percentage will increase to form, over time, one of the pillars of diversifying national income sources, especially if the link between mineral investment and the development of national manufacturing industries grows, such as fertilizer, aluminum, glass, electronics, and batteries related to renewable energy, in addition to the introduction of foreign capital, advanced digital technology and services, the provision of national job opportunities, and investment in Iraqi people as a productive national energy." He emphasized that "present and future generations will witness a new era of investment for Iraq in economic and technological progress and prosperity, towards building a promising model of balanced development." He noted that "Iraq, which is strongly looking forward to building investments in mining fields as an additional resource in the medium and long term, does not rule out investment in oil fields, but it cannot completely replace oil in the near term, rather, it serves as an important complement to the strategy for diversifying the national economy." He concluded by saying, "The mining sector represents a promising opportunity for Iraq, not only to increase public revenues, but also to restore the structural balance of the Iraqi economy, create significant national employment opportunities, and achieve diversified development in regions rich in natural resources, which will lead to increased investment in infrastructure, as part of a model of geographically balanced economic development for all of Iraq."
