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Iraq signs 3 notes with France ... including the construction of the Baghdad Sky Train


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THEE “coast” MUST BE CLEAR.....................THEE French are HERE!!!!!!!!!!!!!!!!!!!!!!!   Know what THEE “Baghdad” “Sky” “Train” WILL BE CALLED???!!!   THEE Trump Train!!!

More confirmations that Iraq 🇮🇶 is moving to an open market economy  Go iraq Go international  Go open market economy  Go RV Go Trade Go imports  Go exports 

France declares its readiness to develop banking relations with Iraq 16:25 - 10/19/2020      The information / Baghdad .. France announced, on M

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The Iraqi Prime Minister: The second phase of the electricity sector rehabilitation will start soon

The Iraqi Prime Minister: The second phase of the electricity sector rehabilitation will start soon
Iraqi Prime Minister Mustafa Al-Kazemi during his meeting with Chancellor Angela Merkel in the capital, Berlin
 20 October 2020 12:52 PM

Mubasher: The Iraqi Prime Minister, Mustafa Al-Kazemi, met today, Tuesday, German Chancellor Angela Merkel in Berlin, on his second foreign visit that includes 3 European countries.

Al-Kazemi said, according to a statement by the Media Office of the Prime Minister, that the government has embarked on an ambitious program to reform, restructure and modernize the economic and financial systems, stressing Iraq's interest in obtaining all forms of advisory and technical support and expertise in this field from Germany.

The Prime Minister added that there are many commercial and economic partnerships between Iraq and German companies, revealing that the second phase of the roadmap to be implemented by the German company Siemens in the field of rehabilitating the electricity sector in Iraq will soon be announced.

He continued: "We are interested in more cooperation in the field of infrastructure development in Iraq, and today I have - me and my ministerial team - a meeting with the Federation of German companies to explore other opportunities for cooperation."

Al-Kazemi stressed that these are difficult times for everyone. Because of the health and economic challenges created by the Covid-19 epidemic, which drives countries more to cooperate, adding that Iraq is looking forward to benefiting from German support and experience in these areas.

And Al-Kazemi added, "I came to Berlin to confirm Iraq's commitment to close relations and its desire for a sustainable partnership with Germany, and also to convey the great appreciation that we hold in the government and people for the continued German assistance to Iraq in the field of confronting terrorism, within the framework of the international coalition against ISIS, and this experience revealed to us the extent of the interconnection between The security and stability of Iraq and European security, and we look forward to continuing security and military cooperation in combating terrorism, especially in the field of training and building the capabilities of the Iraqi security forces and within the framework of NATO. "

The Prime Minister referred to the various forms of humanitarian support and reconstruction provided by Germany, pointing to many issues in this regard that Iraq seeks to cooperate on, such as the issue of refugees and displaced persons, as well as the problem of foreign fighters from ISIS terrorists.

Al-Kazemi stressed Iraq's desire to benefit from German support in the field of consolidating democratic institutions and organizing free and fair elections, indicating that the government pledged to hold early elections in the middle of next year, and the government is interested in ensuring that it enjoys the highest levels of transparency and integrity. 

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Al-Kazemi to the heads of French companies: Our anti-corruption campaign is starting to bear fruit
  
(Baghdad: Al Furat News) The Prime Minister, Mustafa Al-Kazimi, met today, Monday, with a number of French company heads, on the sidelines of his current European tour that started in the French capital, Paris.

Al-Kazemi clarified during the meeting the level of challenges that Iraq faces due to the economic repercussions of the Corona pandemic and the decline in oil revenues.
As indicated by the Prime Minister, the government's determination to transform these challenges into an opportunity for success from which the Iraqi economy would start towards a radical transformation in reducing dependence on oil exports. 
He added, explaining the reform white paper adopted by the government, and the response it received, which included economic and administrative reforms, as well as their inclusion in reducing government expenditures.
Al-Kazemi explained to the heads of French companies Iraq’s keenness to create a solid economic partnership, and its endeavor to sustain momentum in developing the real transition in the economy, just as it is keen to provide healthy and appropriate conditions for investment and address the obstacles it faces, and Iraq has already embarked on a campaign to confront and encircle administrative corruption. This campaign has begun to bear fruit.
Ammar Al-Masoudi

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The Prime Minister's Office reveals the details of the meeting between Al-Kazemi and Merkel
  
(Baghdad: Al Furat News) The Prime Minister, Mustafa Al-Kazemi, met today, Tuesday, with German Chancellor Angela Merkel in Berlin, who arrived on his second leg of his European tour.

Al-Kazemi discussed with the German Chancellor, according to a statement by the Prime Minister’s office, "the overall bilateral relations between the two countries, and ways to advance joint cooperation at various levels and fields."
The statement added, "The meeting also included discussing the files of the German-Iraqi partnership in the field of confronting terrorism within the international coalition against ISIS, the file of German aid for the reconstruction of liberated areas, as well as cooperation in the field of developing infrastructure and electric power networks, and the role of German companies in this and other sectors." .
Ammar Al-Masoudi

 

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 Banks


Economy News - Baghdad

Central Bank Governor Mustafa Ghaleb Mekheif discussed, today, Tuesday, investment opportunities with a group of large German banks .

The central bank said in a press statement, "The Governor of the Central Bank of Iraq held this Tuesday a series of meetings with a group of large German banks, and the meetings discussed investment and work opportunities with Iraqi banks, which met a high response from German banks, as they confirmed their desire to complete the talks in Baghdad." Soon ".

The statement added that "the governor, accompanied by Minister of Finance Ali Allawi and Chairman of the National Investment Commission, Suha Al-Najjar, participated in the meetings held with the German Ministry of Development and Economy and the Ministry of Finance, as part of the current visit to Germany, where ways to strengthen economic relations between the municipality and its future prospects were discussed."

 
 
Number of observations 288   Date of addendum 10/20/2020
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20/10/2020
 

 548

Baghdad / Al-Mawred News

On Tuesday, German banks showed their desire to invest and work with Iraqi banks.
The media office of the Central Bank of Iraq said, in a statement, that "the governor of the Central Bank, Mustafa Ghaleb, is scary. This Tuesday, he held a series of meetings with a group of large German banks."
The statement added, "The meetings discussed investment opportunities and work with Iraqi banks, which met a high response from German banks, as they confirmed their desire to complete the talks in Baghdad soon."
He continued: "The governor, accompanied by Minister of Finance Ali Allawi, and Chairman of the National Investment Commission, Suha Al-Najjar, also participated in the meetings held with the German Ministry of Development and Economy and the Ministry of Finance, as part of the current visit to Germany, where ways to strengthen economic relations between the municipality and its future prospects were discussed. ".

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POSTED ON 2020-10-21 BY SOTALIRAQ
The central bank governor is discussing investment opportunities with major German banks
Today, Tuesday, the Governor of the Central Bank of Iraq, Mustafa Ghaleb Makhif, discussed investment opportunities with a group of large German banks.

The central bank said in a statement that “The Governor of the Central Bank of Iraq held this Tuesday a series of meetings with a group of large German banks, and the meetings discussed investment and work opportunities with Iraqi banks, which met a high response from German banks, as they confirmed their desire to complete the talks in Baghdad soon.” .

The statement added that "the governor, accompanied by Minister of Finance Ali Allawi and Chairman of the National Investment Commission, Suha Al-Najjar, participated in the meetings held with the German Ministry of Development and Economy and the Ministry of Finance, as part of the current visit to Germany, where ways to strengthen economic relations between the municipality and its future prospects were discussed."

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The central bank is looking to increase the volume of investment transactions with England

Political | 07:36 - 10/21/2020

 

image

Baghdad - Mawazine News,
Governor of the Central Bank, Mustafa Ghaleb Makhaif, discussed, on Wednesday, with the Governor of the Bank of England, to increase the volume of investment transactions.
In a statement received by Mawazine News / a copy of it, the bank said, “The Governor of the Central Bank of Iraq, Mustafa Ghaleb Mkhaif, met in the capital, London, today, Wednesday, with the Governor of the Bank of England. In the fields of combating money laundering and terrorist financing, and overcoming obstacles that hinder the process of opening branches for foreign banks operating in Iraq.
He added, "The governor met, within the framework of his visit to the United Kingdom, with the two international auditing companies Ernst & Young and PWC, where he discussed with them enhancing the volume of work with the Central Bank of Iraq because of these companies' experience and reliability, stressing his keenness to maintain the relationship with them during the coming period," indicating that "The governor concluded his meetings with the Secretary General of the European Bank for Reconstruction and Development (EBRD), and the meeting included discussion of the final requirements for Iraq's accession to the European Bank, as well as their desire to deal with Iraqi private companies and banks

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Governor of the Central Bank discusses the final requirements for Iraq's accession to the European Bank

2020-10-21 | 12:13
Governor of the Central Bank discusses the final requirements for Iraq's accession to the European Bank
 

Central Bank Governor Mustafa Ghaleb Makhaif discussed, on Wednesday, the final requirements for Iraq to join the European Bank.

 
The central bank said in a statement that Alsumaria News received a copy of, that "The Governor of the Central Bank of Iraq met in the capital, London, today, Wednesday, with the Governor of the Bank of England, and the meeting dealt with ways to develop banking relations and increase the volume of investment transactions between the two countries as well as the importance of cooperation in the field of combating money laundering. Financing terrorism and overcoming obstacles that hinder the process of opening branches for foreign banks operating in Iraq. "
 
 
He added that the governor "met, within the framework of his visit to the United Kingdom, with the two international auditing companies Ernst & Young and PWC, where he discussed with them enhancing the volume of work with the Central Bank of Iraq because of these companies' experience and reliability," stressing his keenness to "maintain the relationship with them during the coming period."
 
"The governor concluded his meetings with the Secretary General of the European Bank for Reconstruction and Development (EBRD), and the meeting included discussion of the final requirements for Iraq's accession to the European Bank, as well as their desire to deal with private Iraqi companies and banks," the statement added.
 
 
Edited by 6ly410
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CBI and England Bank Governors discuss investment transactions increase

Wednesday 21st October 2020 - 19:39

CBI and England Bank Governors discuss investment transactions increase

https://www.ina.iq/eng/9648/cbi-and-england-bank-governors-discuss-investment-transactions-increase

 

INA - Baghdad

The Governor of the Central Bank - CBI, Mustafa Ghalib met on Wednesday, the Governor of the Bank of England and discussed the increase of the volume of investment transactions.

The meeting dealt with ways to develop banking relations and increase the volume of investment transactions between the two countries, as well as emphasizing the importance of cooperation in the areas of combating money laundering and terrorist financing, as well as overcoming obstacles that hinder the process of opening branches for foreign banks operating in Iraq, according to a statement received by the Iraqi News Agency (INA).

The governor met, within the framework of his visit to the United Kingdom, with the two international auditing companies Ernst & Young and PWC, where he discussed with them enhancing the volume of work with the Central Bank of Iraq because of these companies' experience and reliability, stressing his keenness to maintain the relationship with them during the coming period.

The meetings of the Governor were concluded with the Secretary General of the European Bank for Reconstruction and Development (EBRD).

The meeting included discussing the final requirements for Iraq's accession to the European Bank, as well as their desire to deal with private Iraqi companies and banks.

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Governor of the Central Bank of Iraq meets with 4 banking institutions in London
 
23722.png
Central Bank Governor, Mustafa Ghalib
https://economy-news.net/content.php?id=22345
 
 
 
 

Economy News - Baghdad

The Governor of the Central Bank of Iraq, Mustafa Ghaleb Makhaif, met in the capital, London, today, Wednesday, with the Governor of the Bank of England. Opening branches for foreign banks operating in Iraq.

Within the framework of his visit to the United Kingdom, the governor also met with the two international auditing companies Ernst & Young and PWC, where he discussed with them the enhancement of the volume of work with the Central Bank of Iraq due to the experience and reliability of these companies, stressing his keenness to maintain the relationship with them during the coming period.

The Governor of the Central Bank concluded his meetings with the Secretary General of the European Bank for Reconstruction and Development (EBRD). The meeting included discussing the final requirements for Iraq’s accession to the European Bank, as well as their desire to deal with Iraqi private companies and banks.

 

 
Number of observations 160   Date of addendum 10/21/2020
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26 minutes ago, 6ly410 said:

The Governor of the Central Bank of Iraq, Mustafa Ghaleb Makhaif, met in the capital, London, today

 

One can only hope he met Shabibi to get the Plan nailed down while in london .......... 

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Al-Kazemi announces from Berlin his "reform plan" and hopes for a German partnership

Wednesday 21 October 2020 182

Al-Kazemi announces from Berlin his "reform plan" and hopes for a German partnership
 
  Baghdad: Morning
 
Developing the Iraqi economy and ripening the white reform paper, with "German experiences", the most prominent of the files discussed by Prime Minister Mustafa Al-Kazemi in Berlin, his "second stop" after Paris as part of his European tour that will conclude with a visit to Britain.
Through the reform white paper, the Al-Kazemi government is keen to lay down "immediate plans" to get out of the current financial crisis, and to achieve the advancement of the country's economy, which suffers from various problems, so that it is, according to whoever presented it, that it will address many of the defects that have accumulated over many years.
Al-Kazemi discussed the files to support the Iraqi forces and ways to confront the Corona pandemic, as he announced in a press conference with German Chancellor Angela Merkel near the second phase of the electricity development map.
The Prime Minister stressed during a joint press conference with Chancellor Merkel in Berlin, Iraq's commitment to its desire to establish close relations and aspiration for a true partnership with the German side.
He revealed "the initiation of an ambitious program to restructure and build the Iraqi economy", pointing out that "it is approaching the announcement of the second phase of the road map for the development of electricity in Iraq with the participation of German companies."
Al-Kazemi affirmed his aspiration to "strengthen security and military cooperation efforts with Germany, to benefit from financial support, and to organize free and fair elections," calling at the same time for "cooperation in confronting the Corona virus
Edited by 6ly410
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On 10/19/2020 at 6:57 AM, yota691 said:

France announced, on Monday, its readiness to develop its relations with Iraq in the banking field.

I like the sound of that. Perhaps before the month of December 2020 ?

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22 minutes ago, new york kevin said:

I like the sound of that. Perhaps before the month of December 2020 ?

I would also like to announce my readiness to develop relations with Iraq and my bank account so they need to agree to go international with their currency first and then I will sign the deal!!!  Lol

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8 hours ago, 6ly410 said:
Governor of the Central Bank of Iraq meets with 4 banking institutions in London
 
23722.png
Central Bank Governor, Mustafa Ghalib
https://economy-news.net/content.php?id=22345
 
 
 
 

Economy News - Baghdad

The Governor of the Central Bank of Iraq, Mustafa Ghaleb Makhaif, met in the capital, London, today, Wednesday, with the Governor of the Bank of England. Opening branches for foreign banks operating in Iraq.

Within the framework of his visit to the United Kingdom, the governor also met with the two international auditing companies Ernst & Young and PWC, where he discussed with them the enhancement of the volume of work with the Central Bank of Iraq due to the experience and reliability of these companies, stressing his keenness to maintain the relationship with them during the coming period.

The Governor of the Central Bank concluded his meetings with the Secretary General of the European Bank for Reconstruction and Development (EBRD). The meeting included discussing the final requirements for Iraq’s accession to the European Bank, as well as their desire to deal with Iraqi private companies and banks.

 

 
Number of observations 160   Date of addendum 10/21/2020
Britain appoints Iraqi professor Sinan al-Shabibi as chairman of monetary policy committee

 


Agency of the orbit -

Baghdad

The British central bank issued a decision on Monday to appoint Iraqi professor Sinan al-Shabibi as chairman of the monetary policy committee.

"The Bank of England decided to appoint Professor Shabibi as chairman of the Monetary Policy Committee, which was previously governor of the Central Bank of Iraq," the English media reported.

"This decision came to benefit from the experiences of al-Shabibi to maintain the exchange rate of the British pound and to prevent the British economy from getting into trouble, especially after the exit from the European Union."

Iraqi sources told al-Madar that Professor Sinan al-Shabibi had been deposed from the post of governor of the Central Bank of Iraq by the previous government headed by Nuri al-Maliki, because he did not agree to sell the dollar to Iran.

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On 10/19/2020 at 9:15 AM, yota691 said:

Iraq signs 3 notes with France ... including the construction of the Baghdad Sky Train

French Prime Minister, Jean Castex Mr. Iraqi president I hear you are having some trouble paying salaries and are low on money, Yes but I sure would like one of those new sky trains you guys make. Just saying...

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7 minutes ago, KDuesing said:

French Prime Minister, Jean Castex Mr. Iraqi president I hear you are having some trouble paying salaries and are low on money, Yes but I sure would like one of those new sky trains you guys make. Just saying...

 

not that anything makes to much sense so far with iraq but the skytrain plan might be to get a few cars and drive em around on flatbed trailers in hopes of one day having a rail to run them and cant forget to throw in a few thousand ghost employees to haul em around .... 🤣 joking of course but agree it seems like that project should be a little further down the progress road , but seriously there was articles of the skytrains years ago being built before maliki and all the other corruptors wrecked the country's future  ..... cheers

 

New SkyTrain cars are on their way to Vancouver! | The Buzzer blog

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4 hours ago, Wheelman said:
Britain appoints Iraqi professor Sinan al-Shabibi as chairman of monetary policy committee

 


Agency of the orbit -

Baghdad

The British central bank issued a decision on Monday to appoint Iraqi professor Sinan al-Shabibi as chairman of the monetary policy committee.

"The Bank of England decided to appoint Professor Shabibi as chairman of the Monetary Policy Committee, which was previously governor of the Central Bank of Iraq," the English media reported.

"This decision came to benefit from the experiences of al-Shabibi to maintain the exchange rate of the British pound and to prevent the British economy from getting into trouble, especially after the exit from the European Union."

Iraqi sources told al-Madar that Professor Sinan al-Shabibi had been deposed from the post of governor of the Central Bank of Iraq by the previous government headed by Nuri al-Maliki, because he did not agree to sell the dollar to Iran.


Boom! Shabibi!! Thanks!!!

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I used to think these trips around the world was boring news but not this time, ill translate this into good old redneck for you guys.

So Iraq is in shambles, the power lines are in shambles they haven't built power company's yet the roads and buildings are torn up to put it lightly so its easy to see they need a total rebuild. So this Kazemi guy head out and purchases a new power grid from Germany  and some transportation from France and who know what else, he puts down some down payments and signs a few contracts heads back home and rv's the currency at that point making the payments are easy because they get much more for a dinar then before and the countries holding the contracts enjoy huge profits from the money they received as down payments.

I expect we will hear of a few more purchases before he heads home or at least before they rv.

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The formation of an international financial alliance to support Iraq in Britain

The first meeting of the International Financial Alliance
 https://economy-news.net/content.php?id=22358
Economy News - Baghdad

Today in London, it was announced the establishment of an international financial alliance that includes 7 foreign and Iraqi financial institutions, to provide advice to the Iraqi government to confront the stifling financial crisis that led to the state’s inability to commit to paying employees ’salaries on time and resort to internal and external borrowing.

According to the British Foreign Office, the financial alliance will be called the "Economic Contact Group" and its goal is to stimulate international support for the urgent economic reform program, which will last for 3 years and cost 6 million pounds sterling.

According to the statement of the British Foreign Office, which was reviewed by "Al-Economy News", the financial alliance provides global expertise to achieve economic growth and provide international expertise from the public and private sectors to enhance economic stability in Iraq and introduce vital economic changes in order to push the wheel of growth.

The International Financial Alliance to support Iraq includes the G7 countries, which are "America, Britain, Japan, France, Germany, Canada and Italy, in addition to the International Monetary Fund and the World Bank, and from Iraq includes the Ministry of Finance, the Central Bank of Iraq and the Parliamentary Finance Committee."

After the first meeting of the financial alliance, he issued a statement saying, "Iraq faces daunting economic challenges that have been broadly overshadowed by two crises, the Corona virus crisis and the drop in oil prices."

He stressed, "There is a need to take immediate measures to achieve stability in the economy and create a comprehensive economic environment suitable for the implementation of the reform, as the members of the Economic Contact Group for Iraq agreed to work with the Iraqi government to put an out-of-way way to set the sequence and priorities of reforms in addition to mobilizing international support to implement these reforms.

He noted that the Iraq Economic Contact Group will hold its meetings every three months to monitor progress, manage risks and coordinate support effectively, and this includes two annual meetings on the sidelines of the Spring and Annual Meetings of the World Bank.

She added, "It supports the Iraqi government's vision of reform, not only to ward off current crises, but to create permanent economic opportunities for the Iraqi people that meet their aspirations."

Meanwhile, Minister of Finance Ali Allawi said that the white paper received absolute support from the industrialized countries and international organizations for the first time, indicating that the international support and welcoming the white paper is an achievement of the Ministry of Finance.

He added, "International organizations saw that Iraq faces daunting economic challenges overshadowed by the crisis of Corona and the decline in oil prices, and that the White Paper is an ambitious program for comprehensive economic reform, strengthening the growth of the private economy and protecting the most vulnerable groups.

He pointed out that the industrialized countries and international organizations announced their support for the Iraqi government's vision of reform not only to ward off current crises, but to create permanent economic opportunities for the Iraqi people that meet their aspirations.

 

Number of observations 179 Date of addendum 10/22/2020

Edited by 6ly410
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