TNT
Tishwash:
Trade: One thousand companies from 21 countries will participate in the Baghdad International Fair
The Ministry of Commerce announced today, Friday, the completion of all preparations for the opening of the 47th session of the Baghdad International Fair, while indicating that the number of participants reached 21 countries and 1,000 companies.
Ministry spokesman, Muthanna Jabbar, told the Iraqi News Agency (INA): “The General Company for Iraqi Exhibitions has completed all preparations for the opening of the 47th session of the Baghdad International Fair, both at the level of exhibition spaces and the completion of designs and posters, to display goods and commodities for participating companies, as well as for the pavilions.” It will be according to the participating countries.”
Jabbar added, “There are aesthetic measures, such as paying attention to green spaces and open spaces, in addition to creating new health facilities, musical fountains, and interactive lighting,” stressing that “all procedures, preparations, and ceremonies have been completed to receive participants and visitors.”
He pointed out that “the number of participating countries reached 21 countries, while the number of participating companies is approximately 1,000 companies,” considering it “a qualitative leap, when compared to the exhibitions that were held during the past years.”
He stated, “The opening will be in the evening, and will witness multiple activities for visitors and visitors.”
The Ministry of Commerce announced earlier the launch date of the 47th Baghdad International Fair, which will be for the period from 10-19/1/2024 on the grounds of the Baghdad International Fair. link
CandyKisses:
Identifying two phenomena behind the exchange rate drop
Mawazine News – Baghdad
A member of the State of Law Coalition, Saad al-Muttalib, on Thursday, identified two phenomena behind the decline in the exchange rate of the dollar against the Iraqi dinar, while confirming the continuation of the decline until next week.
Al-Muttalib said in a statement to Mawazine News that “the decline in the exchange rate of the US dollar against the Iraqi dinar is behind two phenomena, the first is the measures of the Central Bank to facilitate the process of trade exchange by entering the platform for financial transfers, which led to a decrease in demand for the dollar from the parallel market.”
“The second phenomenon is the arrival of large shipments of dollars to the Iraqi treasury from Iraq’s funds in the US Federal Bank, which contributed to saving the dollar significantly,” he added.
He predicted, “The decline of the dollar against the dinar will continue until next week, but it will take a while to reach the official rate.”
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Amiri calls for scheduling the removal of US forces from Iraq
Information / Baghdad…
The head of the Nabni Alliance, Hadi al-Amiri, on Thursday, called on the federal government to set a timetable for the removal of US forces from Iraq.
Amiri said at a conference held in Diyala province and continued by the “information”, that “the Americans prevent Iraq even from repairing helicopters and there is no reason for the continued stay of their forces in the country,” adding that “the defeated, terrified and agents are the only ones who say we need American forces.”
He added that “the American aggression is still repeated, so we demand and the government to set a clear timetable for the exit of US forces until Iraq stabilizes and to preserve the b---d of our sons, especially the brave sons of the resistance,” stressing : “We will not allow the survival of these forces.”
“The security services in their various formations are capable of preserving Iraq’s security from all evil people, and the Popular Mobilization Forces are the guarantee of the unity, sovereignty and dignity of the country now and in the future,” the head of the Nabna Alliance said.
The “militarization” of the American embassy threatens the security of Iraq.. Parliament lists 5 “justifications” for removing foreign forces – Urgent
A member of the Parliamentary Security and Defense Committee, Ali Nima Al-Bandawi, confirmed today, Friday (December 29, 2023), that the militarization of the American embassy threatens the security of Iraq .
Al-Bandawi said in an interview with “Baghdad Today” that “it is not possible to accept the application of the principle of militarization of embassies in Baghdad,” indicating that “what is happening in the American embassy in terms of militarization threatens the security of the country, especially since it includes thousands of soldiers in the Green Zone and possesses weapons and anti-aircraft guns.” It terrifies the people from time to time.”
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He continued, “We hope that the embassy will take into account common interests, including Iraq, and not turn it into a military base,” stressing that “the repeated targeting of the Popular Mobilization Forces headquarters is intentional and condemned.”
Al-Bindawi pointed out, “There are five main reasons for demanding the removal of American forces from the country, the most prominent of which is that they are not needed, and that they represent a threat to security by targeting government security forces from time to time, which leads to martyrs and wounded.”
A member of the Parliamentary Security Committee pointed out, “Iraq no longer even needs forces that are classified as advisory or for the purpose of assistance, in light of the presence of government forces of various types capable of warding off any dangers and defending the security and stability of the country link
Source: Dinar Recaps
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Tishwash:
Iraq is ranked fourth on the list of countries with the most “foreign investment” momentum
Iraq ranked fourth among the “10” countries with the highest growth in “foreign investment momentum” until 2024, with a growth rate in expenditures of more than 370% from 2021 until the end of 2023. According to a report by the “FDI” website concerned with foreign investment in the world, many economies enjoyed strong investment momentum until 2024.
It showed that the performance of the Asian continent was particularly good, as 6 out of 10 countries were Asian countries.
The ranking of the ten countries with the most momentum in foreign investment until 2024 is as follows:
1- Cambodia 2- The Philippines 3- Kenya 4- Iraq 5– Namibia 6- Kazakhstan 7- Azerbaijan 8- Morocco 9- Serbia 10- India The Foreign Direct Investment
Momentum Index score in Iraq was about “86” points out of 100.
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The GDP growth in 2024 reached 2.90%, and inflation reached 3.60%. The growth in capital expenditures for foreign direct investment between 2021 and 2023 reached more than 370%. The growth in foreign direct investment projects between 2021 and 2023 reached about 95%. link
Iraqi PM Says Baghdad Is ‘Heading Towards’ Ending the US Military Presence in the Country
Mohammed al-Sudani and his government are unhappy with the US for launching airstrikes in Iraq
Iraqi Prime Minister Mohammed Shia al-Sudani said his government is “heading towards” ending the presence of international forces in Iraq, which includes about 2,500 US troops, the largest foreign contingent.
Al-Sudani’s comments came after his government strongly condemned several rounds of US airstrikes in Iraq as a violation of sovereignty and a hostile act. In the latest strikes, the US said it targeted the Shia militia Kataib Hezbollah in retaliation for an attack on a US base, but al-Sudani’s government said civilians were also wounded in the US bombing.
“We are in the process of rearranging the relationship with the international coalition, as in light of the presence of capable Iraqi forces, the Iraqi government is moving towards ending the presence of the international coalition forces,” al-Sudani said at a press conference with Spanish Prime Minister Pedro Sanchez.
Spain has 300 troops stationed in Iraq as part of the US-led anti-I--S coalition. “My country, always at the request of the Iraqi authorities, will support the unity, sovereignty and stability of Iraq,” Sanchez said at the press conference.
Al-Sudani first came into office at the end of 2022 and made his first public comments on US troops in Iraq in 2023, when he expressed support for the presence of foreign forces. But he’s been under increasing pressure to get them out, especially now as Iraq has become a battleground between Shia militias and the US due to President BIden’s full-throated support for Israel’s Gaza onslaught.
The US has been resisting Iraqi efforts to expel its forces from the country since 2020 when a US drone strike in Baghdad k----d Iranian Gen. Qasem Soleimani and Iraqi militia leader Abu Mahdi al-Muhandis. In the wake of the killings, Iraq’s parliament voted to expel foreign forces, but the US refused to leave. The US formally changed its presence in Iraq from a combat role to an advisory one in December 2021, but it did not withdraw any troops at the time.
If al-Sudani tries to expel foreign forces from his country, Washington could make things difficult for him. The US has leverage over Iraq because, since the 2003 invasion, the country’s foreign reserves have been held by the US Federal Reserve, giving Washington control over Baghdad’s dollar supply and the ability to devalue the Iraqi dinar. The US also keeps tight control over Iraq’s ability to pay its neighbor Iran for much-needed electricity. link
Source: Dinar Recaps
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