[size=30]Some "International News" Posted by Samson at KTFA 11-5-2022[/size]
KTFA:Samson: Wide popular turnout for Baghdad International Fair
04/11/2022 22:27:50
The Ministry of Commerce announced today a wide popular turnout for the 46th Baghdad International Fair, which started its activities on the first of this November to see the exhibits of the companies' pavilions and the countries participating in the exhibition.
A ministry statement quoted the Director General of the General Company for Iraqi Exhibitions and Commercial Services as saying, "The Baghdad International Fair has witnessed, since its early days, the influx of Iraqi families from various regions to see the most important exhibits and the products of the companies and countries participating in the exhibition."
He explained that "Iraqi families found the Baghdad International Fair an outlet for them, by learning about the cultures of the countries participating in the exhibition and the events that take place during its days, as it is the largest cultural and social gathering that includes places to shop for Iraqi, Arab and international goods." He pointed out that "the company is in high coordination with the security authorities to create safe conditions for families roaming the corridors of the exhibition."
It is noteworthy that the Baghdad International Fair also witnessed the establishment of a number of cultural events and seminars within the pavilions of companies and participating countries, and the establishment of fireworks activities and a display of rare cars. LINK
[size]
Samson: Iraq and Russia are preparing to sign a cooperation agreement in the field of nuclear energy
5th November, 2022
The Economic Adviser of the Russian Embassy in Iraq, Ilya Lobov, announced on Saturday that Moscow and Baghdad are preparing the necessary steps to sign a memorandum on cooperation in the peaceful use of nuclear technologies.
"Preparations are underway to sign a memorandum of understanding on cooperation between the two countries in the field of peaceful use of non-energy nuclear technologies," Lubov said in a statement to the Russian "RT" channel. He pointed out that the two sides are also studying cooperation in the field of education, including in the form of accepting Iraqi students to study in specialized Russian universities.
According to him, the Iraqi side shows traditional interest in Russian nuclear energy, and the two sides resumed the negotiation process to establish a partnership in this field, within the framework of the agreement signed in 1975 on cooperation in the use of atomic energy.
The adviser added: "Rosatom and the Iraqi Agency for the Control of Radioactive Materials are considering the possibility of implementing small projects in the field of low-energy research reactors. The two parties are also studying the possibility of cooperation in the use of nuclear technologies in non-energy fields, such as medicine, agriculture and water desalination.
In early September 2022, the Russian Foreign Ministry announced Moscow's readiness to supply Iraq with radioisotope products, and to assist Baghdad in the field of nuclear medicine.
Director of the Middle East and North Africa Department at the ministry, Alexander Kinchak, said that "the Russian side expressed its readiness to assist Iraqi partners in the peaceful use of nuclear energy and the supply of radioisotope products, as well as training cadres in Russian universities specialized in related fields."
In this context, Kinshak indicated that Russia is also ready to "implement major joint projects," adding: "We proceed from the fact that a return to a practical view in this issue is possible with an increase in the volume of cooperation in this intensive scientific field, and also when updating and revising customer plans. related Iraqis. LINK
************
Samson: Ankara and Moscow agree to send free Russian grain to African countries
4th November, 2022
Turkish President Recep Tayyip Erdogan announced on Friday his agreement with his Russian counterpart Vladimir Putin that Russian grain that is sent under an export agreement through the Black Sea to poor African countries should go free of charge
Erdogan explained, in a speech at the Musiad Expo organized by the Association of Independent Industrialists and Businessmen in Istanbul, that "Putin offered, in his last phone call with him, to send grain for free to needy countries, and he said, "Let's send these grains to countries such as Djibouti, Somalia and Sudan for free." And we agreed on that
Putin said this week that even if Russia withdrew from the deal again, it would replace the entire amount of grain intended for "the poorest countries" from its stockpile, free of charge
Last Saturday, Moscow expressed its readiness to provide 500,000 tons of grain for free to poor countries in the coming months, with the help of Turkey
The Turkish president indicated that he agreed with his Russian counterpart to discuss this issue extensively during the G20 summit, which will be held in Bali, Indonesia, on November 13-14 LINK
************
Samson: Iraqi oil exports to America decreased to 134 thousand barrels per day during the past week
5th November, 2022
On Saturday, the US Energy Information Administration announced that Iraq's oil exports to the United States of America decreased to 134,000 barrels per day during the past week
The administration said in a report that "the average US imports of crude oil during the past week from eight countries amounted to 5.465 million barrels per day, an increase of 108 thousand barrels per day from the previous week, which amounted to 5.357 million barrels per day
She added that "Iraq's oil exports to America amounted to an average of 134,000 barrels per day last week, lower than the week before, when oil exports to America reached an average of 220,000 barrels per day
She pointed out that "most of America's oil revenues during the past week came from Canada at a rate of 3.410 million barrels per day, followed by Mexico at a rate of 748,000 barrels per day, and oil revenues from Saudi Arabia at a rate of 533,000 barrels per day, and then Colombia at a rate of 218 thousand barrels per day
According to the administration, "the amount of US imports of crude oil from Brazil amounted to an average of 212,000 barrels per day, from Libya at a rate of 129 thousand barrels per day, and from Nigeria at an average of 81 thousand barrels per day, while it did not import any quantity from Ecuador and Russia LINK
Samson: How do Gulf countries use oil wealth to build bridges with countries in the region?
5th November, 2022
The Gulf's oil majors are using the newly acquired fortunes of the Ukraine war to build economic bridges with their poorer neighbours, some of whom the Gulf once viewed as adversaries.
Monarchies are now doubling down on economic cooperation. At the heart of this diplomatic initiative are sovereign wealth funds, which work to secure regional stability through billions of dollars in investments.
Saudi Arabia and the United Arab Emirates - both of which are reaping huge returns from higher oil prices this year - are at the forefront of these investments, establishing themselves in countries that have faced turmoil in some parts due to economic distress.
The International Monetary Fund said last week that energy exporters in the Middle East, including the Gulf states, are expected to see windfall gains of nearly $1 trillion over the next four years on the back of this year's oil boom.
Money has a huge impact, Michael Madewell, president of the Sovereign Wealth Fund Institute in Las Vegas, told CNN, adding that "sovereign wealth funds can be used as tools of foreign policy, as a kind of soft power."
After nearly a decade of conflict-ridden regional politics, Saudi Arabia and the United Arab Emirates are moving toward a less confrontational approach. These two countries have repaired relations with regional rivals Turkey and Qatar, and both have reached out to Iran. They have also significantly reduced their military activity in Yemen, where they fought the war seven years ago.
Analysts say this is a new approach to ensuring regional stability, primarily by boosting major economies across the Middle East through investments that are closely linked to their financiers. “The current structure certainly evolved from the days when hard power was seen as more effective,” said Ayham Kamel, head of the Middle East and North Africa research team at Eurasia Group.
The de facto ruler of Saudi Arabia, Crown Prince Mohammed bin Salman, announced last week that the Public Investment Fund is establishing five regional companies worth $24 billion across the Middle East. From infrastructure and real estate development to communications and technology, the new investments of the Public Investment Fund are targeting Bahrain, Iraq, Oman, Jordan, Sudan and Egypt.
Some of these countries experienced political turmoil when the “Arab Spring” uprisings of 2011 rocked the region more than a decade ago. Other countries are still caught up in the economic and political chaos that has resulted. “This is part of the soft and sticky power aspect of a strategic and tactical departure from the decade of confrontation and conflict initiated by the Arab Spring,” said Hussein Ibish, a senior resident scholar at the Arab Gulf States Institute in Washington.
He told CNN that countries that "have projected their power in the Middle East, including Saudi Arabia and the United Arab Emirates - with the partial exception of Iran - have found themselves stressed and somewhat exhausted after a decade of confrontation."
The Public Investment Fund's announcement came on the second day of the Future Investment Initiative in Riyadh. In a statement, the Public Investment Fund said that it is pursuing a "strategy to search for new investment opportunities in the Middle East and North Africa." He added that the investments are also aimed at "diversifying Saudi Arabia's revenue sources."
The past year has been generally good for state-owned investors around the world, according to the 2022 annual Global SWF Report, as the size of the sovereign wealth fund industry expanded by 6% in 2021 and for the first time in history crossed the $10 trillion mark.
Emirati wealth funds in particular are at the forefront of the industry. Global SWF said the Gulf state manages about $1.3 trillion through its four funds.
Egypt was one of the main regional investment destinations for both Abu Dhabi and Riyadh. It witnessed nationwide protests in 2011, which led to the overthrow of Hosni Mubarak's rule. To the dismay of the Gulf states, the events that followed led to the brief emergence of the Muslim Brotherhood, an Islamist political group viewed with suspicion in Saudi Arabia and the UAE, and now considered a terrorist organization by both sides.
Unrest erupted in Egypt more than a decade ago in part because of the country's economic problems. Today, the Egyptian currency is depreciating again and inflation is rising as the authorities try to keep the economy afloat by securing loans from the International Monetary Fund.
In August, Abu Dhabi Development Holding Company (ADQ), one of the emirate's wealth funds, announced a number of investments in publicly listed companies in Egypt, "based on its long-term commitment to investing in the country's economic growth through its strategic joint investment platform." It's worth $20 billion."
The Public Investment Fund of Saudi Arabia also launched the Saudi Egyptian Investment Company (SEIC) in August, a company dedicated to investments in several vital sectors of the Egyptian economy. SEIC bought stakes worth $1.3 billion in four Egyptian companies.
The financial diplomatic hand of the Gulf states has already proven effective in some countries. Turkey was once a regional competitor, and is now an economic ally of Saudi Arabia and the United Arab Emirates. “Even with adversaries, Gulf countries now see their financial assets as potentially important levers in building bridges and stimulating more moderate policies in these countries,” Kamel said. "The rapprochement with Turkey has brought valuable investments or financial injections," he added.
In the face of a severe currency crisis at home, repairing relations with Saudi Arabia and the United Arab Emirates comes at an opportune time for Ankara.
Last year, the UAE established a $10 billion investment fund to "support the Turkish economy and enhance bilateral cooperation between the two countries." This was followed by a number of other agreements between the UAE's ADQ and the Turkish Wealth Fund (TWF), with significant investments in venture capital and high-growth potential companies planned in Turkey.
In October, Saudi Trade Minister Majid bin Abdullah al-Qasabi said his country's investments in Turkey now amount to $18 billion, according to the Saudi Gazette, adding that the Public Investment Fund is looking forward to more investment opportunities there.
Analysts say that despite improved political relations, Gulf investments in Iran and Syria are currently unlikely. But there are signs of a growing economic relationship with it. The Tehran Times reported that Iran and the UAE are targeting $30 billion in annual trade within the next two years from $20 billion this year. Earlier this year, Syrian TV reported that the UAE was weighing investments in the country, without providing details. But these kinds of economic partnerships may go a long way in helping to protect the Gulf states from future turmoil and conflicts with their neighbors.
Ibish says that “infrastructure integration” can help “reduce the risk of conflict by creating mutual interests and interdependence,” giving countries strong incentives to avoid confrontation.LINK[/size]
Today at 9:31 am by Rocky
» MM&C 5/9/24 The Federation of Chambers of Commerce and the European Union discuss cooperation to fin
Today at 9:27 am by Rocky
» MM&C 5/9/24 Customs, security and economic aspects
Today at 9:24 am by Rocky
» Union of Arab Banks: Iraq's environment encourages investment
Today at 6:57 am by Rocky
» Government advisor: Movement to recover bad debts for the benefit of the Iraqi Trade Bank
Today at 6:55 am by Rocky
» The International Development Bank announces the opening of its new branch in Erbil
Today at 6:52 am by Rocky
» Oil seeks to convert refinery products to “Euro 5”... high quality and environmentally friendly
Today at 6:50 am by Rocky
» Budget delay: the cry for help for paralyzed services and disrupted dreams
Today at 6:47 am by Rocky
» Oil: Completion of projects to improve the quality of petroleum products, and others are under imple
Today at 6:44 am by Rocky
» Chairman of the Securities Commission: 3 million shares, average daily trading volume
Today at 6:43 am by Rocky
» Tamim calls on the countries participating in the meetings of the Arab Administrative Development Or
Today at 6:41 am by Rocky
» Parliamentary Endowments: 39 thousand pilgrims, Iraq’s share, and waiving the religious obligation i
Today at 6:39 am by Rocky
» Washington refers to Iraqi legislation that “does not harm” his international presence, and Baghdad
Today at 6:34 am by Rocky
» Deputy: Extending the legislative term depends on sending the budget schedules
Today at 6:30 am by Rocky
» Parliamentary Legal: 88 draft laws on the parliamentary shelf
Today at 6:29 am by Rocky
» The head of the movement denies any Iraqi-American negotiations to remove the coalition
Today at 5:23 am by Rocky
» A deputy expects to resolve the issue of electing the Speaker of Parliament next week
Today at 5:22 am by Rocky
» Obtaining the approval of the Minister of Electricity to fill the energy shortage in Dhi Qar
Today at 5:21 am by Rocky
» Economist on the decline in dollar prices: My time and it will not reach its official price
Today at 5:20 am by Rocky
» The Iraqi Ministerial Council for National Security approves the 2024-2028 strategy
Today at 5:18 am by Rocky
» Mulla Bakhtiar: Nechirvan Barzani's visit to Iran melted the ice between Erbil and Tehran
Today at 5:17 am by Rocky
» Password "78"... Why did the Sudanese government's interrogations and noisy sessions decline?
Today at 5:16 am by Rocky
» JP Morgan forecasts an increase in the oil capacity of Iraq and other countries in 2025
Today at 5:15 am by Rocky
» Turkish Minister of Transport: The development road will cost $20 billion
Today at 5:13 am by Rocky
» The Supreme Committee for Reconstruction and Investment approves a package of strategic projects
Today at 5:12 am by Rocky
» Work: Preparing a unified national strategy to create job opportunities for youth
Today at 5:11 am by Rocky
» The Prime Minister's financial advisor reduces the risks of the budget deficit
Today at 5:10 am by Rocky
» Sudanese announces the signing of an agreement with Japan to finance small and medium enterprises in
Today at 5:09 am by Rocky
» Government Advisor: The Securities Commission represents the governance base for promoting financial
Today at 5:08 am by Rocky
» A unified national strategy to create job opportunities for youth
Today at 5:07 am by Rocky
» A one-week deadline to decide the position of Speaker of Parliament
Today at 5:06 am by Rocky
» Parliament: We coordinate with the competent regulatory authorities to examine medicines
Today at 5:04 am by Rocky
» The Commission suspends the Kurdistan Parliament's voting procedures
Today at 5:03 am by Rocky
» $100 million to localize the pharmaceutical industry
Today at 5:01 am by Rocky
» Increase in external remittances at the Central Bank
Today at 5:00 am by Rocky
» A government advisor reduces the risks of a budget deficit
Today at 4:54 am by Rocky
» Culture: We seek to invest in the stability of the country to advance the tourism sector
Today at 4:53 am by Rocky
» Integrity announces the results of a questionnaire on bribery in real estate registration department
Today at 4:50 am by Rocky
» Parliament comments on Sudanese plan to restructure the government apparatus: It needs radical refor
Today at 4:49 am by Rocky
» The dollar rises again against the Iraqi dinar in Baghdad
Today at 4:45 am by Rocky
» Politician: The government does not deal transparently with the issue of expelling the Americans
Today at 4:43 am by Rocky
» A government bank participating in an accounting project
Today at 4:42 am by Rocky
» Masrour Barzani: The Kurdistan Regional Government has implemented all its obligations and duties
Today at 4:41 am by Rocky
» French Consul: France strengthens relations with the Kurdistan Region
Today at 4:39 am by Rocky
» Studies Center: Sudanese faces the challenges of maintaining sustainable relations with the United S
Today at 4:38 am by Rocky
» “The absence of democracy is not possible.” The federal government remains silent on the postponemen
Today at 4:37 am by Rocky
» Taqadum Party: The absence of the Speaker of Parliament disrupted the general amnesty law
Today at 4:36 am by Rocky
» The file of oil export through Turkish territory is under the control of politicians
Today at 4:33 am by Rocky
» For the sake of the position of president and the budget schedules... there is a preference for exte
Today at 4:32 am by Rocky
» “If you bring the equipment, let’s begin.” Revealing the secrets of Erdogan’s visit to Iraq and the
Today at 4:31 am by Rocky
» Parliamentary moves to approve the Human Organ and Tissue Bank Law
Today at 4:29 am by Rocky
» Electricity embarks on an 11-axis plan to develop the energy sector
Today at 4:27 am by Rocky
» Al-Asadi announces work on legislating a law on occupational health and safety
Today at 4:26 am by Rocky
» Al-Rasheed: Increasing the amount of loans for restoration and maintenance of buildings to 50 millio
Today at 4:25 am by Rocky
» Under the chairmanship of Al-Sudani, Reconstruction and Investment agree on projects related to elec
Today at 4:24 am by Rocky
» Baghdad and Tehran.. New discussions regarding railway connectivity to transport visitors between th
Today at 4:23 am by Rocky
» Immigration: Our plan focuses on the voluntary return of displaced persons and rejecting their house
Today at 4:22 am by Rocky
» An Iraqi trade delegation in Iran to facilitate the export of agricultural crops to Iraq
Today at 4:21 am by Rocky
» Sudanese launches work on the Union Mills Project in Babil Governorate
Today at 4:19 am by Rocky
» Parliamentary demands to resolve the selection of the Speaker of Parliament next week: So far, there
Today at 4:18 am by Rocky
» Sudanese inaugurates a sugar production factory expansion project and three other factories
Today at 4:17 am by Rocky
» Al-Sudani confirms the unlimited support from the government to develop the success story in the pri
Today at 4:16 am by Rocky
» From Babylon... Al-Sudani announces the referral of the large Hilla sewerage project, phase two, to
Today at 4:15 am by Rocky
» Al-Sudani: The factories that opened in Babylon provide more than 4,000 job opportunities
Today at 4:14 am by Rocky
» A representative calls for the payment of lucrative compensation to farmers after the flooding of wh
Today at 4:13 am by Rocky
» Government Advisor: The Securities Commission represents the governance base for promoting financial
Today at 4:12 am by Rocky
» utube MM&C 5/7/24 Iraq Dinar- IQD Update - Regional Trade - A Progession of Reforms - A Global Bac
Yesterday at 6:53 am by Rocky
» MM&C The Iraqi Private Banks Association told NEWS: These are the results of the Prime Minister’s me
Yesterday at 6:52 am by Rocky
» After a break of more than 9 years.. the resumption of a government trade meeting between Iraq and A
Yesterday at 6:51 am by Rocky
» Deputy: The general amnesty law will be passed
Yesterday at 6:46 am by Rocky
» A change in the fuel smuggling map... “control” over the central ports and “laxity” in the north
Yesterday at 6:43 am by Rocky
» Al-Sudani takes three urgent decisions to block the wheat mafias in Iraq
Yesterday at 6:41 am by Rocky
» Electricity embarks on an 11-axis plan to develop the energy sector
Yesterday at 6:39 am by Rocky
» “Thug and smuggler.” A female representative talks about a crocodile in Parliament blackmailing exec
Yesterday at 6:37 am by Rocky
» Al-Sudani told the US State Department: Iraq is keen to strengthen its democratic system
Yesterday at 6:36 am by Rocky
» The Central Bank sells more than $275 million at auction today
Yesterday at 6:34 am by Rocky
» The Minister of Commerce stresses the observance of the Iraqi standard in the supply of goods
Yesterday at 6:33 am by Rocky
» The Iraqi Trade Bank announces its participation in the process of localizing the salaries of Kurdis
Yesterday at 6:32 am by Rocky
» Iraq adopts an advanced system to combat money laundering and terrorist financing
Yesterday at 5:25 am by Rocky
» Increase in Euphrates River levels due to Turkish water releases
Yesterday at 5:22 am by Rocky
» Demands the need to legislate the capital law
Yesterday at 5:21 am by Rocky
» Parliament decided to extend the legislative term by one month
Yesterday at 5:20 am by Rocky
» A bank participating in the process of localizing the salaries of employees in the region
Yesterday at 5:18 am by Rocky
» Parliamentary request to the Ministry of Finance regarding defense mobilization dues/document
Yesterday at 5:17 am by Rocky
» Dollar prices in Baghdad and Kurdistan today
Yesterday at 5:16 am by Rocky
» Al-Rasheed decides to increase the ceiling for granting “construction” loans to 75 million dinars
Yesterday at 5:14 am by Rocky
» A government plan to expand the construction of water harvesting dams
Yesterday at 5:12 am by Rocky
» Frozen or banned? An Iranian official reveals the fate of Tehran’s money in Baghdad
Yesterday at 5:11 am by Rocky
» The Iraqi Trade Bank participates in the process of localizing the salaries of Kurdistan Region empl
Yesterday at 5:10 am by Rocky
» Finance confirms the Iraqi government's desire to benefit from the expertise of French companies
Yesterday at 5:09 am by Rocky
» After targeting its branch in Kurdistan... Dana Gas announces a decrease in its profits to $38 milli
Yesterday at 5:08 am by Rocky
» A parliamentary understanding to extend the legislative term to approve the 2024 budget schedules
Yesterday at 5:08 am by Rocky
» Stopping the Commission’s procedures regarding the region’s elections
Yesterday at 5:06 am by Rocky
» Foreign oil companies violate Iraqi laws
Yesterday at 5:05 am by Rocky
» The position of Speaker of Parliament depends on the political agreement
Yesterday at 5:04 am by Rocky
» The Ministry of Finance decides to send the April salary to the Kurdistan region
Yesterday at 5:02 am by Rocky
» It did not reach the Council.. Parliament determines the mechanisms for dealing with the 2024 budget
Yesterday at 5:01 am by Rocky
» 88 projects awaiting resolution.. What will happen to the stalled laws in Parliament? - Urgent
Yesterday at 5:00 am by Rocky
» Al-Sudani receives the US Undersecretary of State
Yesterday at 4:59 am by Rocky