First – the Iraqi Election Law passed yesterday, which will open the doors for national Iraqi Elections in January. The law was being held up primarily due to the Kirkuk territory dispute, which you may also remember had prime impact on HCL progress. While the dispute over the territory has not been fully settled, Iraqi officials have found a way around the issue. They plan to use voter rolls from 2009, rather than 2004. Although the decision is a win for the Kurds who are claiming a majority over the oil rich area of Kirkuk, the debate is not yet concluded. This is still great news, because it means elections are going forward as hoped!
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Next on the list for today – SATLYNX And ARABSAT have teamed up to provide a foundation for Iraqi banking. Why do we care? Take into account that the ISX is now digital, banking process is currently a turtle race in Iraq, and with a massive amount of good news coming from the progress section of Iraqi News, and you almost have no choice but to say that this is a big step.
After all – when they make a move on their currency, I sure hope I can get quick service on MY investment.
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