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Found 4 results

  1. Here's an article of Dinarian interests...Int'l confidence in Iraq...the pathway to economic reform & implementation... Minister Of Finance: The Praise Of The IMF For Economic Reforms Reflects Int'l Confidence In Iraq. ARTICLE: Finance Minister Faleh Sari said that the meeting between the government delegation, headed by PM Ali al-Zaidi, with the head of the IMF, Kristalina Georgieva, in Washington, D.C., represents an important milestone in strengthening the partnership between Iraq & the IMF & supporting the path of economic & financial reforms implemented by the government. The minister pointed out that the praise of the head of the Fund for the reform measures adopted by the Iraqi government, especially in the areas of financial reform, combating corruption & diversifying sources of income, reflect the growing int'l confidence in the Iraqi economy & the steps taken by the government to build a more diversified and sustainable economy. He added that the Ministry of Finance is continuing to implement its reform programs, in coordination with national authorities & int'l partners, in order to enhance financial stability, raise the efficiency of public financial management, support the investment environment& enable the private sector to play a greater role in achieving sustainable economic development. Sponsored By Zaidi. Signing 48 Agreements, Memorandum Of Understanding & Economic Cooperation Between Iraq & The US. ARTICLE: PM Ali Faleh al-Zaidi, on Friday evening, the signing of 48 agreements & memorandums of understanding & economic cooperation between Iraq & the US. A statement by the PM's Information Office said that "the PM sponsored the signing of (48) agreements, memorandum of understanding, cooperation & declaration of partnership between the various public & private sectors in Iraq & the US, which establishes a clear path of economic & financial cooperation between the two countries& moves the relationship to an advanced level of exchange that is in the interest of both parties." The statement added that "the agreements and memorandums of understanding included cooperation & partnership between the ministries of oil & electricity & their companies & other government sectors & each of Aixon Mobil, KBR, GE Vernova, Shell, & Halliburton, as well as a cooperation agreement & the introduction of service between Starlink & the Media & Communications Authority & an agreement to cooperate with Halliburton." He added that "the agreements signed between the two sides, also included a memorandum of understanding between Kisslite Technology & the Iraqi private sector, as well as PepsiCo, & a number of companies with regard to the extension of oil pipelines to Baniyas on the Mediterranean Sea, agreements for partnership in the field of education & agreements between the private sector in the field of supply & manufacture of medicines." He pointed out that the agreements included memorandums of understanding with KBR, UOP, Polaris, the Association of Energy Engineers (AEE), the leading electronic network company PPTA, two agreements with Freto Lai to develop the agricultural sector & partnership with companies specialized in the agricultural, commercial & industrial fields. Media Authority: Iraq Has Achieved The Highest Material Return From Its Agreement With Starlink In The Region. ARTICLE: The head of the executive body of the Media & Communications Authority, Bligh Abu Kall, confirmed today that Starlink has officially started its work in the Iraqi market, while pointing out that users of old devices that were previously working illegally are not held accountable. Abu Kall said that "Starlink is as of today an official company operating in the Iraqi market & will start the procedures for the sale of devices & the mechanism of activation of the system in full." He added that "the old devices that were previously operating illegally will be transferred to the Iraqi system & there will be no accountability against its users," noting that "this step represents an important development in the organization of the service inside Iraq." He pointed out that "the Information and Communications Commission was keen to establish controls to ensure the maintenance of Iraqi security & sovereignty, both at the technical & security level, in addition to the preparation of a regulation commensurate with the specificity of Iraq & ensure its rights in various sectors." Abu Kalal explained that "Iraq will achieve the highest material return from Starlink at the level of the region & perhaps globally, which reflects the nature of the agreement with the company & guarantees the rights of the Iraqi state.
  2. Here's some articles of Dinarian interests... The top story: Al-Zidi Is Close To Gaining Confidence In Forming A Strong Government With The Support Of All Parties In Iraq. Treat as rumors. Not verified. Your opine. TNT via Tishwash: PM-designate Ali Faleh al-Zaidi Receives The European Union Ambassador to Iraq. ARTICLE: PM-designate Ali Faleh al-Zaidi received on Tuesday the European Union Ambassador to Iraq, Clemens Smutner, who delivered a message from the EU countries expressing their support for the new government & their willingness to work with it in various fields. During the meeting, the prospects for cooperation relations between Iraq & the European Union countries were discussed, as well as ways to enhance them within the framework of bilateral agreements & memoranda of understanding & the future vision in a way that promotes mutual interests & benefits. The meeting also witnessed discussions on regional & int'l issues & files of common interest & emphasized the importance of intensifying joint work to achieve stability & development & to preserve regional & int'l security. Tishwash: Al-Zidi Is Close To Gaining Confidence & Forming A Strong Government With The Support Of All Parties In Iraq. ARTICLE: Political analyst Ahmed Al-Tamimi confirmed on Tuesday (May 12, 2026) that the current disagreements between political forces regarding the distribution of ministerial portfolios are a natural part of the negotiations process for forming governments in Iraq, predicting that the political forces will succeed in passing Ali Al-Zidi’s government during this week. Al-Tamimi told Baghdad Today that the political process has become accustomed to intensive rounds of negotiations & political bargaining related to the distribution of sovereign & service ministries, noting that current indicators show advanced understandings between political blocs towards resolving the cabinet and voting on it within Parliament. He explained that the political forces are aware of the sensitivity of the current stage & the country’s need for a fully empowered government, therefore the disputes raised fall within the framework of traditional political competition & do not reach the level of disrupting or thwarting the formation of the government. He added that there is an internal & external desire to end the state of executive vacuum & to expedite the granting of confidence to the new government, noting that some objections related to names or ministerial quotas may be resolved in the last hours before the voting session, as happened in previous government experiences. Al-Tamimi indicated that passing Ali al-Zaidi’s government is “closer than ever,” especially in light of the initial agreements between the main political forces, explaining that the next stage will depend to a large extent on the ability of the new government to achieve political balances & present a government program capable of addressing service & economic issues. He stressed that the success of the next government will also be linked to its ability to calm the street & enhance internal stability, in light of the economic, service & security challenges facing the country. For weeks, the political arena has witnessed intense activity among political blocs & alliances to resolve the issue of forming the new government, amid internal & external anticipation of the nature of the ministerial lineup and the political & economic program that will be adopted in the next phase. Tishwash: The Most Complex Issue Awaits Resolution: The Oil & Gas Law Is The Key To Stability Between Baghdad & Erbil. ARTICLE: The spokesman for the Iraqi Ministry of Oil, Sahib Bazoun, confirmed on Tuesday (May 12, 2026) that the oil & gas file between Baghdad & Erbil will not witness complete stability until the oil & gas law is approved within the House of Representatives, noting that there are existing understandings between the federal government & the region regarding the management of the oil file. Bazoun told Baghdad Today that there is an agreement & a political decision between the two sides, but that enacting the oil & gas law during the current parliamentary session represents the most important step to ensure the stability of the oil relationship & preserve the rights of all parties. He explained that oil still constitutes about 90% of the Iraqi state’s imports, which makes this file a top priority for the next government, noting that the PM-designate, Ali al-Zaidi, has placed among his priorities the diversification of the state’s sources of income & the reduction of dependence on oil revenues, as he is “an economist.” Bazoun pointed out that the Ministry of Oil is working to revitalize and expand oil export outlets, stressing the reactivation of the Ceyhan & Banias port outlets, in addition to proceeding with the activation of the Kirkuk-Ceyhan pipeline with an export capacity of up to one & a half million barrels per day. He added that the relative calm witnessed in the Strait of Hormuz during the past month helped in exporting two oil shipments, expressing his optimism about the improvement of conditions & the stability of export activity during the coming period. Regarding strategic alternative plans, Bazoun revealed that the ministry has begun implementing the Basra-Haditha pipeline project, a strategic project with a capacity of two & a half million barrels per day & a diameter of 56 inches. He explained that the importance of the project is not limited to transporting crude oil, but extends to supplying refineries located along the pipeline in the south, center & north with petroleum products, as well as enabling Iraq in the future to export oil through multiple outlets including Türkiye, Syria & Jordan via the port of Aqaba. He confirmed that the project has already entered into force at an estimated cost of about five billion Dollars, of which one & a half billion Dollars have been allocated so far, noting that the work is proceeding "very normally" according to the plans set. The Oil & Gas Law is one of the most prominent controversial laws postponed in Iraq since 2005, as it is related to regulating the management of oil wealth & the distribution of revenues between the federal government, the Kurdistan Region & the producing governorates, amid repeated political & economic demands to resolve it in order to end the disputes related to oil exports & contracts. Tishwash: Oil & Gas Law: Will The Current Parliamentary Session Succeed In Resolving One Of The Most Complex Issues? ARTICLE: The oil & gas law is imposing itself as one of the most sensitive issues within the Iraqi scene, amid increasing questions about the ability of political forces to pass it during the current parliamentary session. The spokesman for the Iraqi Ministry of Oil, Sahib Bazoun, confirmed on Tuesday (May 12, 2026) that the oil & gas file between Baghdad & Erbil will not witness complete stability until the oil & gas law is approved within the House of Representatives, noting that there are existing understandings between the federal government & the region regarding the management of the oil file. Bazoun said that there is an agreement & a political decision between the two parties, but that enacting the oil & gas law during the current parliamentary session represents the most important step to ensure the stability of the oil relationship & preserve the rights of all parties. He explained that oil still constitutes about 90% of the Iraqi state’s revenues, which makes this issue a top priority for the next government. He then pointed out that the PM-designate, Ali al-Zaidi, had placed among his priorities the diversification of the state’s sources of income & the reduction of dependence on oil revenues, in his capacity as an “economist.” Bazoun pointed out that the Ministry of Oil is working to revitalize & expand oil export outlets, stressing the reactivation of the Ceyhan & Banias port outlets, in addition to proceeding with the activation of the Kirkuk-Ceyhan pipeline with an export capacity of up to one & a half million barrels per day. He added that the relative calm witnessed in the Strait of Hormuz during the past month helped in exporting two oil shipments, expressing his optimism about the improvement of conditions and the stability of export activity during the coming period. Regarding strategic alternative plans, Bazoun revealed that the ministry has begun implementing the Basra-Haditha pipeline project, a strategic project with a capacity of two & a half million barrels per day & a diameter of 56 inches. He explained that the importance of the project is not limited to transporting crude oil, but extends to supplying refineries located along the pipeline in the south, center & north with petroleum products , as well as enabling Iraq in the future to export oil through multiple outlets including Turkey, Syria & Jordan via the port of Aqaba. He confirmed that the project has already entered into force at an estimated cost of about five billion Dollars, of which one & a half billion Dollars have been allocated so far, noting that the work is proceeding “very normally” according to the plans set. The Oil & Gas Law is one of the most prominent controversial laws postponed in Iraq since 2005, as it is related to regulating the management of oil wealth & the distribution of revenues between the federal government, the Kurdistan Region & the producing governorates, amid repeated political & economic demands to resolve it in order to end the disputes related to oil exports & contracts.
  3. Here's some articles of Dinarian interests... -A Specialist Reveals The Main Reason For The Lack Of “Cash Liquidity” -There Is A Lack Of Confidence Among The Citizens In Banks. -Hassan Al-Daghari: Developing The Iraqi Financial Sector Is An Urgent Need. -Economist Praises The “Asykoda” Automation System: A Step Towards Achieving Important Resources. Treat as rumors. Not verifed. Your opine. Is The Ministry Of Finance Hiding The Facts? A Specialist Reveals The Main Reason For The Lack Of “Cash Liquidity” ARTICLE: Baghdad Economic affairs researcher Haider Al-Sheikh revealed today, Wednesday (January 1, 2025), the direct reason behind the lack of cash liquidity at the CBI. The sheikh told "Baghdad Today", "The CBI lacks cash liquidity, due to the citizen's lack of confidence in the banking system". -There Is A Lack Of Confidence Among The Citizens In Both Government & Private Banks & This Matter Has Led To The Storage Of Cash (IQD) In Citizens' Homes." Dinars & the government & the CBI must address inflation in economic policies by providing banking facilities to citizens in a real & more serious manner.” The researcher in economic affairs added, “The currency circulating among banks, merchants & in the market as well, amounts to approximately 85 trillion Dinars.” On Sunday (December 2024), the Ministry of Finance denied that there was a shortage of liquidity to finance employees’ salaries for the current month, stressing its commitment to financing salaries. The Ministry stressed in a statement received by “Baghdad Today” that it is “fully committed to the process of financing employee salaries, as the Accounting Department has funded the salary dues for ministries, governorates & unrelated entities for the current month of December according to the schedules specified for each of them & it is continuing its efforts to ensure the continuity of disbursing financial dues.” Without any delay or interruption.” -Hassan Al-Daghari: Developing The Iraqi Financial Sector Is An Urgent Need. Financial affairs expert Hassan Ali Al-Daghari described Iraq's need for an advanced financial sector as necessary & inevitable in light of the continuing need to develop the reality of the national economy. Al-Daghari said: The volume of work in Iraq is wide and in all sectors without exception, which demonstrates the need for a financial sector capable of providing advanced financial products. He pointed out the importance of there being harmony between the CBI & the private banking system, including banks that have proven their existence & have not been subjected to the sanctions imposed by the US Federal Reserve. He pointed out that the private financial sector is moving to prove its presence & qualitative presence within the workspace & this requires the support & support of the CBI. -Economist Praises The “Asykoda” Automation System: A Step Towards Achieving Important Resources. Economic expert Nabil Al-Ali confirmed, on Wednesday, that the government announced that it would start, from the first of this year, completing the infrastructure to connect all border crossings, by starting to use the “Asycoda” automation system, which will contribute to achieving important financial resources for the public treasury. Al-Ali said in a statement to the Maalouma Agency, “Completing the linking of the border crossings to an electronic system called (ASYCUDA) is a qualitative leap towards cutting off corruption, in addition to that it will provide the public treasury with high financial resources.” He added, "Applying automation at border crossings by achieving automation in ministries and institutions, including the e-government project & providing electronic payment services." He pointed out that "implementing it will contribute to enhancing transparency & accountability, simplifying procedures, facilitating services & reducing bureaucratic obstacles, in addition to establishing good governance & combating corruption." -Strong Demand Lifts Gold Prices To Two-Week High. Gold prices hit a two-week high on Thursday, supported by safe-haven buying & a decline in UST yields, with focus on U.S. interest rate expectations ahead of President-elect Donald Trump's proposed trade tariffs. Spot gold rose 1 percent to $2,649.73 an ounce by 14:46 GMT, its highest since Dec. 18. U.S. gold futures rose 0.8 percent to $2,663.20 an ounce. Benchmark 10-year U.S. Treasury yields fell, boosting investor appetite for the non-yielding metal. "I don't see anything on the news that's moving the market, but geopolitics is supporting the market," said Ronna O'Connell, an analyst at StoneX, referring to international tensions as well as financial uncertainty, especially ahead of Trump's inauguration. The market is now awaiting a fresh set of catalysts, including a series of US economic data due next week that could impact interest rate expectations for 2025. Gold hit several record highs in 2024, rising 27 percent, its biggest annual gain since 2010, amid interest rate cuts by the US Federal Reserve, aggressive buying by central banks & rising geopolitical tensions. Trump's presidential term is scheduled to begin on January 20th. Proposed tariffs and protectionist trade policies are expected to raise inflation & could spark trade wars, increasing gold's appeal as a safe haven. As for other precious metals, silver in spot transactions rose 2.1 percent to $29.48 per ounce. Palladium rose 1.3 percent to $922.04 an ounce, while platinum rose 2.1 percent to $922.85 an ounce.
  4. Luigi found these articles of Dinarian interests.... The title of the article says it all. Treat as rumors. Not verified. Your opine. Tivon: Article: "Al-Jabri informs the religious references in Najaf about the file of food security and high prices globally and locally" This article is a banger ... advisor from Al-Kazemi...stated that the rise in Iraq's hard currency reserves will increase confidence in the Iraqi dinar and will increase its stability, "stressing that "the Iraqi dinar is approaching "Full Coverage" of hard currency reserves in light of the current exchange rate." (Post 1 of 2) Tivon: Do you know how heavy this statement is? ... these reserves maintain the "Purchasing Power" of individuals, as it preserves the real income of the individual from fluctuations in the event of the deterioration of the dinar. Come on people it doesn't get any better than this. All of these statements are only a couple or few days old. [Post 2 of 2]
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