TNT – “Tidbits From TNT” Wednesday Morning 8-14-2024

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Tishwash:  Al-Sudani visits London to sign agreements

The British Ambassador to Iraq, Stephen Hitchcock, revealed that Prime Minister Mohammed Shia al-Sudani will visit London to sign some agreements between the two countries.

We want to expand the relationship from the cornerstone, to trade, combating climate change and drugs, and I think Mohammed Shia al-Sudani wants the same thing, and God willing in the coming months he will visit London, and we will sign some agreements,” Stephen Hitchens said in a press statement.

He added, “This period of the Iraqi Kingdom and the British Mandate, during which there were things we are proud of, including the infrastructure, laws, museum and bridges, and there were things that were investments in the country.”

The British ambassador stressed: “We do not have the same values ​​as our predecessors on this issue, and now we have entered a new period in the bilateral relationship, an equal partnership based on mutual respect.”  link

Tishwash:  Iraq signs strategic agreement to modernize trading mechanisms in cooperation with an Egyptian company

The Iraq Stock Exchange announced today, Wednesday, the signing of a strategic agreement to modernize trading mechanisms in cooperation with an Egyptian company.

A statement by the Iraqi Stock Exchange received by the Iraqi News Agency (INA) stated, “In a step aimed at developing and improving the investment environment in Iraq, and under the auspices of the Iraqi Securities Commission, the Iraq Stock Exchange signed a cooperation agreement with the Egyptian Company for Information Dissemination, after intensive discussions that lasted for more than six months.” 

He added, “The agreement includes licensing, use and maintenance of the remote trading system for investors ( OMS ), broker management ( Back Office ), and portfolio management for investors, for a period of five years.”

He added that “signing this agreement represents a qualitative shift in the development of the Iraqi stock market,” indicating that “Iraq is committed to providing the latest technologies to investors, which contributes to enhancing confidence and attracting more investments to the Iraqi market.”

For his part, the CEO of the Iraq Stock Exchange, Faisal Al-Haimus, pointed out, “The importance of this step, as the remote trading system is a vital addition to our ongoing efforts towards developing the market’s infrastructure. The system’s experience in the Egyptian Stock Exchange has proven its efficiency over the past five years, and we are excited to see its positive impact on our market.”

He pointed out that “the new system includes smart applications that aim to facilitate trading operations and improve the investor experience, which reflects the commitment of the parties concerned to developing the financial sector in Iraq and achieving sustainable growth.”  link

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Tishwash:  The President of the Republic receives a message from his Chinese counterpart

President of the Republic, Abdul Latif Jamal Rashid, received today, Tuesday, at the Baghdad Palace, the Ambassador of the People’s Republic of China to Iraq, Cui Wei, and received from him a message from Chinese President Xi Jinping, congratulating him on his birthday, wishing him success and guidance.

The Chinese President also stressed, according to a presidential statement, his great interest in developing relations with Iraq and his readiness to make joint efforts with President Rashid to continue deepening friendly cooperation and raise the Sino-Iraqi strategic partnership relations to higher levels.

The President of the Republic conveyed his sincere thanks and greetings to President Jinping for his generous feelings, praising the historical relations and bilateral cooperation between the two friendly countries.

During the meeting, the available potential to consolidate the growing relations between the two countries was emphasized, as President Rashid pointed to the need to expand the horizons of joint cooperation in the economic, technological and investment fields, especially the development of infrastructure and services, stressing Iraq’s welcome of the diverse Chinese expertise to contribute to the development and growth of the industrial, agricultural and education sectors.

In turn, the Chinese Ambassador, Cui Wei, affirmed his country’s commitment to strengthening its relations with Iraq in all fields.

The ambassador also reviewed the political, economic and industrial conditions in China, stressing that the recently held Communist Party meeting focused on strengthening reforms, improving production in all fields and opening up to countries of the world.

Media Department of the Presidency of the Republic  link

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Tishwash:  From Iraq.. A missile attack targets an American base in eastern Syria

 On Tuesday evening (August 13, 2024), an American base in eastern Syria was subjected to a missile attack from western Iraq.

A field source told Russian media that “a missile attack targeted the vicinity of the American base in the Conoco gas field north of Deir Ezzor, eastern Syria.”

He explained that “the bombing was carried out by a missile barrage from the desert in western Iraq, near the Syrian border.”

This bombing comes about a week after the Ain al-Assad base, west of Anbar province, was subjected to a missile attack that resulted in the injury of a number of US forces working as advisors in the international coalition.  link