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Clare » February 15th, 2024
“Baghdad Metro” is the largest in the region and will cover 85% of the capital’s area – Al-Sudani Advisor
2/14/2024
Nasser Al-Asadi, Advisor to the Prime Minister for Transport Affairs, announced today, Thursday, that the Baghdad Metro project will cover 85% of the capital’s area, and while he confirmed that it will be the largest in the region, he indicated that international Arab and foreign companies want to implement it.
Al-Asadi said in a statement to the official agency, followed by the 964 network , that “the Baghdad metro project is the dream of every Iraqi citizen,” explaining that “the project consists of 7 lines with a length of 148 kilometers and 64 stations and contains the latest and most advanced international systems.”
He added, “The project will cover 85 percent of the area of Baghdad, and this area is intended for it to pass by universities, public markets, and religious shrines, in addition to stadiums, ministries, and important places.”
He pointed out, “The project consists of 7 lines, each line starting in one area and ending in another, and connecting Karkh and Rusafa from 3 places, in addition to one of these lines will reach Baghdad International Airport.”
He added, “The project will be the largest in the region, and there are a large number of companies wishing to participate in it, such as European and Asian companies, in addition to Qatari and Emirati companies,” stressing that “the project is entirely investment, and the state will have to supervise the project.”
He pointed out that “the state is working within its plan to strengthen the private sector and exercise its real role and provide job opportunities and investment in important sectors that have long been absent from the private sector.” LINK
Parliament hosts the governor and officials of the Central Bank regarding sanctions on Iraqi banks
2/15/2024
Member of the Parliamentary Finance Committee, Moin Al-Kadhimi, confirmed on Thursday that the Governor of the Central Bank and its senior officials will be hosted to discuss the sanctions imposed by the US Treasury on a number of Iraqi banks.
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Al-Kadhimi told Shafaq News Agency, “The Finance Committee will host the Governor of the Central Bank and its officials to discuss the sanctions issued by the US Treasury Department against Iraqi banks and the measures taken by the bank to maintain the dollar exchange rate in the market.”
He added, “The meeting will discuss the measures taken by the Central Bank regarding financial transfers and facilitating procedures for merchants to obtain dollars through the window for buying and selling foreign currency.”
He stressed that “the meeting will be held at the end of this month and will also discuss the Central Bank’s measures to confront the challenges and decisions issued by the US Federal Bank.”
Yesterday, Wednesday, the Parliamentary Economy, Industry and Trade Committee and the Iraqi Banks Association said that the banks banned by the US Treasury constitute 50% of private banks in Iraq.
This came during the hosting of the committee headed by Representative Ahmed Salim Al-Kanani and in the presence of its members, the Iraqi Banks Association, and directors of private banks, according to a statement issued by the committee.
Yesterday, Wednesday, in a statement to Shafaq News Agency, member of the Parliamentary Finance Committee, Ikhlas Al-Dulaimi, suggested that the US Treasury Department would include new Iraqi banks on the sanctions list unless the Central Bank of Iraq finds solutions for them.
In July 2023, the US Treasury imposed sanctions on 14 Iraqi banks in a crackdown on Iran’s dollar transactions. LINK
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Source: Dinar Recaps
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