Iraq Economic News and Points to Ponder Monday 4-15-2024
Tlm724 Administrator Bondlady’s Corner
Today.. Al-Sudani Meets Biden At The White House
Monday, 04-15-2024, AM 8:55 Tayseer Al-Asadi 247 Prime Minister Muhammad Shiaa Al-Sudani will meet this evening, Monday, at the White House, with US President Joe Biden, as the two sides discuss vital files dealing with various economic, political and security fields and ways to activate the vital sectors of the strategic framework agreement signed between the two countries.
Before his meeting with Biden, Al-Sudani will meet with US Secretary of State Anthony Blinken, and
after the conclusion of the White House meeting, the Prime Minister and the Iraqi delegation accompanying him will head to the Pentagon building, the US Department of Defense, where he will meet with Defense Secretary Louis Austin, and
then hold an expanded meeting with the US Treasury Undersecretary. Wali Adeyemo, in the presence of the Minister of Finance, Taif Sami, and the Governor of the Central Bank of Iraq, Ali Al-Alaq.
The Prime Minister met yesterday evening, Sunday, on the second day of his official visit to Washington; White House Coordinator for Middle East Affairs and Advisor to the US President on Energy Affairs, Amos Hockstein.
Yesterday evening, Al-Sudani met with an elite group of members of the Iraqi community residing in the United States of America, in the presence of the Ministers of Planning and Oil, a number of representatives within the delegation visiting Washington, and the Iraqi Ambassador to America, Nizar Al-Khair Allah.
In addition, the Parliamentary Investment and Development Committee announced yesterday, Sunday, the presence of parliamentary support for the Prime Minister’s steps to activate the provisions of the Strategic Framework Agreement, indicating that
activating the provisions of the agreement will advance the country’s economic, commercial, investment and health situation.
Committee member, Osama Al-Badri, told the Iraqi News Agency (INA):
“The visit of Prime Minister Muhammad Shia Al-Sudani to Washington is very important to activate the provisions of the strategic framework agreement, which includes the commercial, economic, investment, health, educational, agricultural, and cultural sectors to advance the country’s reality for the better,” expressing
He expressed his hope that “this agreement will be implemented in the correct manner by the Iraqi and American parties.” He pointed out
“the importance of the political bloc participating in the government supporting the Prime Minister’s steps to support the implementation of the agreement, and giving it ample leeway and sufficient space to proceed with this agreement,” explaining that
“the representatives representing the Iraqi people support activating the terms of this agreement, which will be in the interest of the people.” “The Iraqi.”
Prime Minister Muhammad Shiaa Al-Sudani confirmed on Saturday, before leaving Baghdad for the United States of America, that
“the goal of the visit to Washington is to move the relationship between the two countries to a new stage and activate the strategic framework agreement,” pointing out that “the strategic framework agreement is in line with the government program.” And the economic reforms it includes.”
He pointed out that “the visit will witness the holding of the first meeting of the joint coordinating committee concerned with implementing the Strategic Framework Agreement, which has not held any meeting since the approval of the agreement,” indicating that
“the meeting of the coordinating committee will address the files of trade, energy, investment, education, transportation, culture, anti-corruption, and money recovery.” https://www.non14.net/public/166042
Security Is Secondary.” Important Agreements Await The Sudanese Delegation In Washington
Time: 04/14/2024 20:46:35 Read: 1,456 times {Politics: Al-Furat News} Political analyst, Imad Al-Musafer, revealed today, Sunday,
important agreements awaiting the delegation of Prime Minister Muhammad Shiaa Al-Sudani in Washington.
Al-Musafer said {to Al-Furat News} that:
“The Sudanese visit to Washington comes at this important time, as he carries with him large and important files related to Iraq and the American side.” He added,
“There is no doubt that there are those who view the strategic framework agreement as a purely security agreement; but this is not true as it includes many files.
This is why the Sudanese government is seeking to implement and activate the terms of this agreement at the present time.”
Prime Minister Muhammad Shiaa Al-Sudani arrived in Washington last night, Saturday, for a visit that will last several days.
Al-Sudani confirmed yesterday that the visit will witness meetings with the US Secretaries of State, Defense and Treasury, as well as the National Security Advisor, the US Chamber of Commerce and senior officials in oil and industrial companies.
Al-Musafer stated that it is “one of the most important of these items that Iraq needs in the field of industry, agriculture, investment, health, expertise and other files within the strategic agreement that Iraq signed with the United States.” He added,
“The Sudanese delegation includes many personalities with a long history and great experience in this field, especially since he intends during this visit to sign many agreements with reputable and large American companies.”
Al-Musafer explained, “All the visits made by the Sudanese to many countries are not protocol, but rather planned, and their purpose is to activate many agreements with these countries.” He concluded by saying,
“The Iraqi and American parties now realize that the security file is no longer the most important in bilateral relations, especially after Several statements were made by Al-Sudani in which he affirmed that the Iraqi forces have the ability to protect all of Iraqi territory and does not need the coalition forces currently present on Iraqi soil.
The financial advisor to the Prime Minister, Mazhar Muhammad Salih, expected “positive developments” in the visit of Prime Minister Muhammad Shia Al-Sudani to Washington.
Saleh explained in a press statement that what we see today of “positive developments” in the relationship between Iraq and the United States will turn the page on the past to open a page based on direct economic relations and productive investment opportunities,
with a first priority that precedes other priorities, including the
establishment of solid banking relations between the two countries that will help them develop. And
prosperity, and that the
banking reform policy in place today in our country contributes to adding an element of strength to the financing relations between the two friendly countries.
https://alforatnews.iq/news/الأمن-ثانوياً-اتفاقيات-مهمة-بانتظار-وفد-السوداني-في-واشنطن
Al-Rasheed Bank Begins Offering Enjaz Bonds To Citizens
Time: 04/14/2024 20:09:52 Read: 2,301 times
{Economic: Al-Furat News} Today, Sunday, Al-Rashid Bank directed all its branches to begin issuing “Enjaz” bonds to natural and legal persons in two categories.
The bank explained in a statement, a copy of which {Al-Furat News} received, that:
“The denomination is in the amount of (500,000) dinars (five hundred thousand dinars) with an interest of (6.5%) paid every six months for a period of two years, and the amount of
(1,000,000) (One million dinars) with annual interest (8.5%) paid every six months for four years. He stated, “Sales through its branches will start from April 15, 2024 until May 15, 2024.”
https://alforatnews.iq/news/مصرف-الرشيد-يباشر-بطرح-سندات-أنجاز-للمواطنين
Central Bank: Approval Of Converting The Industrial Bank Into A Joint Stock Company
April 14, 2024 Baghdad/Iraq Observer The Central Bank of Iraq confirmed its approval of the Council of Ministers’ decision to transform the Industrial Bank into a public joint stock company with the contribution of local and external investors, indicating that the second phase will include the Agricultural Cooperative Bank.
The Banking Supervision Department stated through a document obtained by Iraq Observer, which stated:
You refer to the meetings that took place with His Excellency the Prime Minister in the presence of His Excellency the Governor of the Central Bank and His Excellency the Minister of Finance regarding the decision of the Council of Ministers held on 1/2/2024, paragraph (2) thereof, The proposed idea of converting your bank into a public joint stock company with the contribution of local and external investors, and for the second stage to include the Agricultural Cooperative Bank, explains to you the new plan regarding your bank and other government banks as follows:
1- Rafidain Bank is being structured by dividing it into two banks,
the old with government accounts, and
the new with the status of a commercial bank and a public joint-stock company.
2- After that, Al-Rasheed Bank will be merged with the new Al-Rafidain Bank
3- The Industrial Bank will be transformed into a public joint stock company, after which the
Agricultural Cooperative Bank will be acquired
4- At a later stage, the Real Estate Bank will be merged with the Housing Fund.
https://observeriraq.net/البنك-المركزي-الموافقة-على-تحويل-المص/
Provoking Points To Ponder On Failures and Mistakes
Never confuse a single defeat with a final defeat.- F. Scott Fitzgerald
Men’s best successes come after their disappointments.- Henry Ward Beecher
I’ve been failing for, like, ten or eleven years. When it turns, it’ll turn. Right now I’m just tryin’ to squeeze through a very tight financial period, get the movie out, and put my things in order.- Francis Ford Coppola
Don’t let a kick in the ass stop you. It’s how you cope that says what you are.- George Cukor
What is to be got at to make the air sweet, the ground good under the feet, can only be got at by failure, trial, again and again and again failure.- Sherwood Anderson
They say President Wilson has blundered. Perhaps he has, but I notice he usually blunders forward.- Thomas A. Edison
Some of the biggest failures I ever had were successes.- Pearl S. Buck
http://famousquotesandauthors.com/topics/failures_and_mistakes_quotes.html
