Word on the Street Monday 3/20/17
Word on the Street Monday 3/20/17
Word on the Street Monday 3/20/17:
Forex Rates:
CNBC Link: http://www.cnbc.com/markets/
DC NY Iraq Articles:
Oil Minister instructs formation of working groups to direct the implementation of service projects to Basra
Instructed Oil Minister Ali Jabbar Hussein Allaibi, Sunday, the formation of specialized working groups to direct the implementation of service projects in the province of Basra.
Allaibi said in a statement received / information /, a copy of which, " The ministry is determined to implement a number of service in the province projects first of these is the implementation of a tourist town in the Amuftih and Rehabilitation Project publican River and rehabilitation of an hour Basra archeological project to build a model school, as well as other projects ".
He added that "some of the facilities will be offered for investment such as water the city and the zoo to be carried out in accordance with international standards of modern to be a tourist landmark worthy of the inhabitants of the province of Basra who have suffered so much over the past years, as well as what it represents conservative economic position where it is the lifeblood of Iraq pulsating economically and historically and culturally . " .
He called Allaibi to " the need to speed up the completion of administrative procedures and approvals fundamentalism in coordination with the relevant departments in the province for other service projects." Finished / 25
Vice-Abadi calls for not "implicate" Iraq in "suspicious transactions"
Called an MP for the Liberal bloc Zainab Sahlani, Sunday, Prime Minister Haider al - Abadi not to "entangle" in Iraq , held a "suspicious financing deals" with the United States, while mortgaged overcome the current economic crisis , money management is " a wise and thoughtful."
She Sahlani told / information /, said that "the Prime Minister Haider al - Abadi avoid implicate Iraq in holding suspicious financing deals with the US side to shackle future generations in debt long - term under the pretext of the reconstruction of liberated areas and equip security forces during his visit to the United States."
She added that " the US side is supporting terrorism and causing havoc in these areas and on the government to move away from the lies about the reconstruction of areas and the assignment of the security forces and activating the strategic agreement with Iraq and other slogans that caused the destruction of Iraq."
Sahlani pointed out that "Iraq is able to overcome the economic crisis in the event of managing money wisely and thoughtfully provided termination of the administrative and financial corruption." Finished / 25 d
March 19 , 2017
Basra / tomorrow Press:
It expressed the Basra Governorate Council, on Sunday, his objection to the draft privatization of the electricity distribution sector in which the federal government plans to allocate it to specialized companies. The head of the Electricity Commission of the Council of Basra Mujib al-Hassani told a news conference, attended by "Tomorrow's Press," that "the local government has announced its objection to the project for many reasons, including the security, economic and social situation can not be the implementation of the project requirements." He said al-Hassani, that "there are large numbers of citizens living below the poverty line," calling on the Ministry of Electricity to "reduce the amount of levy the domestic sector, as it did with the agricultural, industrial and commercial sectors." The "Tomorrow Press" got, Saturday, complete documentation for the signing of a contract between the South Electricity Distribution Directorate, Inc. Integrated Construction Project Engineering, Inc. Snava the UAE, on the privatization of electricity in the province of Basra Sadr Meets Ambassador of Germany and the latter pays tribute to his efforts the "big" in the "comprehensive reform"
BAGHDAD / tomorrow Press:
Search the cleric, Muqtada al-Sadr on Monday, with the German ambassador in Iraq, Franz Josef, increase support for the displaced, while the latter praised the role of the chest in the area of reform. He said Sadr's office, in a statement, "tomorrow Press" received a copy of it, that "Muqtada al-Sadr met with the German ambassador to Iraq, Franz Josef was discussed during the meeting about the many important issues that occupied the space of the attention during the meeting, and in particular the post-Daesh and editing city of Mosul as well as the fight against corruption and community reconciliation because of their important role in the consolidation of peace and security at all levels. " He emphasized the chest, according to the statement, "the need for Germany to have a wider role in the humanitarian fields in the next phase," while the ambassador praised the "national role and influential of the chest and the great efforts exerted for comprehensive reform in Iraq." Trade is facing high grain prices Bmnaqlat to other provinces
History of edits:: 2017/3/20 9:20 • 81 visits readable
{Baghdad} Euphrates News announced that the Ministry of Commerce for the fleet carrier process for shifting grain from the stores where the balance is available to other provinces for the purpose of bridging the shortfall processing of flour and distributed to citizens.
A statement of the ministry and the agency {Euphrates News} received a copy of it, from the Director General of the General Company for Grain Processing, Ministry of Commerce, Taha Yassin Abbas as saying that "the cadres of his company in the process of checking the quality of wheat and conduct experiments in order to carry out grinding through the grinders civil and governmental and bridging the shortfall in some provinces. "
Abbas added that "Fleet carrier to the ministry began operations transfers from the northern region and some marketed provinces of local wheat, getting more than nine thousand tons to the province of Dhi Qar and are now examining the qualities of existing processing mills for the purpose of starting the process of citizens processing of the people of the province." He explained that "the amounts of local wheat marketed from the peasants and farmers are transported far from the marketed governorate warehouses to the governorates are experiencing deficits in the provision of this article, which constitutes a priority to food security." He stressed that "the Ministry of Commerce is working to provide financial liquidity through the Ministry of Finance to contract to purchase and supply of special wheat grain and the origins of Australian or Canadian or American private and it did not receive from the budget for the years past two only a very small amount is not enough to meet the nutrient supply requirements it impact negatively on the stability of the entire vocabulary processing over the past months. " To that held in the Ministry of Commerce held an extraordinary meeting to discuss expediting the fleet went to the ministry's northern region and begin the process of transfers to local wheat. The Director General of Planning and Follow-up in the Ministry of Commerce invocation Hashem Saleh, said that "the meeting which was attended by assistant general manager of grain and officials of transport departments of companies look at the mechanics of transfers and speed up the launching of the fleet carrier to the northern areas for the purpose of transfer of wheat to the central and Alhnob shortfall and make adjustments to include all There are no provinces that have adequate amounts of local wheat marketed, "indicating that it comes" in order to contribute to the stability of the domestic market prices, which have risen in the markets of some provinces. "
Kauaihn Iraq Articles:
The start of the meetings of the 27th session of the Iraqi-Jordanian Joint Committee in Baghdad
It began in the capital Baghdad, Sunday, the 27th session meetings of the Iraqi - Jordanian Joint Committee in the capital , Baghdad , on the level of agents of the Ministry of Industry of the two countries.
A spokesman for the Ministry of Industry and Minerals Abdul Wahid al - Shammari told / information /, " The session meetings of the 27 Iraqi - Jordanian Joint Committee kicked off today in the capital , Baghdad , on the level of agents of the Ministry of Industry of the two countries , " noting that " the Committee includes several sub - committees economic, industrial and commercial. "
Shammari said, that " the Minister of Industry and Trade of Jordan expresses judges will arrive in Baghdad later in the day , " adding that "on Monday will witness the signing of the protocols own ministers."
Shammari pointed out that "Jordan is open strongly on the development of economic relations with Iraq after harmed because Daesh , " stressing "the existence of a government draws on the re - opening of Trebil as soon as possible and show all facilities in this regard." Finished / 25
Canada allocates $ 28 million for Iraqi refugees and Syrians wishing to return to their country
Announced that Canadian Foreign Minister Cristea Freeland, her Government to allocate $ 28 million for Iraqi refugees and Syrians wishing to return to their areas liberated from al "Daesh."
Freeland said in a statement it issued, said that her country would "continue the fight against the organization, and to help those affected by the current crisis in the region."
Canadian minister explained that "civilian support will help meet their urgent needs, as well as help those seeking to return to their homes", stressing that "Canada is determined to defeat Bdaash, and help children, women and men affected by conflict."
She stressed Freeland, that the Government will continue to support the people of the Middle East, working with partners in the international coalition to defeat the insurgents, indicating that it "intends to participate in the external international coalition ministers meeting against Daesh, expected to take place in Washington , DC, next Wednesday."
It is noteworthy that Canada received in 2016, the same number that plans a meeting this year, representing an increase of about 40 thousand refugees, compared to 260 thousand refugees were receiving them on an annual basis during the period between 2011 and 2015. Finished / 25
Obeidi: Chest prayers liberalization is not an escalation It is too early to judge the Committee of Experts
Confirmed Sheikh Salah al - Obeidi , a spokesman for the cleric Muqtada al - Sadr, Sunday, that the latter 's intention to establish Friday prayers in Tahrir Square in central Baghdad next Friday is not an escalation of the positions, while noting that it is too early to judge the work of the Committee of Experts for the selection of members of the Electoral Commission.
Obeidi said in a televised statement I followed / information /, said that " the last step Mr. Sadr not afford the escalation of attitudes , " noting that "some relied on the time factor and time to forget the protests and demands for reform."
He said al - Obeidi, said " the period after Daesh very favorable for the coming of the new figures mentalities to manage the helm of government in the country."
And on the selection committee of experts to choose the members of the electoral commission, al - Obeidi said : "We are waiting for the Commission 's work and mechanisms in order to make a decision right."
The Kazem al - Issawi , deputy leader of Sadr Muqtada al - Sadr announced Saturday that the latter will hold Friday prayers in Tahrir Square in central Baghdad. Finished /
Kuwait reaffirms support for Iraq in international forums against terrorism
History of edits:: 2017/3/19 20:45 • 74 visits readable
{Baghdad} Euphrates News said the Amir of Kuwait Sabah Al-Ahmad Al-Jaber Al-Sabah, his country's support for Iraq in international forums.
According to a Foreign Ministry statement, received by the agency {Euphrates News}, a copy of which, "The Ambassador of the Republic of Iraq to Kuwait, Alaa al-Hashimi, presented his credentials to the Amir of Kuwait Sabah Al-Ahmad Al-Jaber Al-Sabah in the Amiri Palace, the Ambassador conveyed during the presentation ceremony rely greetings of the Iraqi leadership papers and appreciation for Kuwait's position in support of Iraq in the framework of diplomatic work and provide humanitarian support in terms of principles and the ties that bind the two countries. " For his part, praised the Amir of Kuwait on the "brotherly relationship between the two brotherly peoples," stressing his commitment to "support Iraq in international forums and support in its war against terrorism led by the" .bhsp what is stated in Albaan.anthy Parliamentary bloc calling for the postponement of events to celebrate the victory, while the "Daesh"
It called for parliamentary reform front, Sunday, to postpone the demonstrations and protests until the celebration of the final victory over "Daesh", while suggesting that it has initiated a number of steps to address the financial and administrative corruption.
The MP said Mohammed front Chihod in a statement / information /, " The Constitution guarantees the right to demonstrate and we are in front of the parliamentary reform stand with the protesters in their just demands , which calls for reform , especially that our front is the product of those protests and demonstrations."
Chihod called to "postpone any demonstration or protest at the moment because the people standing on the final bench to celebrate the victory the expeditious remnants Daesh criminal , " asserting that "Front of reform initiated several steps to fight financial and administrative corruption, including the issue of interrogations in response to the demands of the demonstrators."
Sheikh Salah al - Obeidi , a spokesman for the cleric Muqtada al - Sadr said on Sunday, that the latter 's intention to establish Friday prayers in Tahrir Square in central Baghdad next Friday is not an escalation of the positions, while noting that it is too early to judge the work of the Committee of Experts for the selection of members of the Electoral Commission. Finished / 25 m
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GLOBAL/ NEWS/ INFO
G-20 Nations Renew Commitment to Global Bank-Capital Overhaul
Bloomberg
Jens Weidmann attends a press conference in Baden-Baden, Germany, on March 18, 2017. Finance chiefs of the Group of 20 nations renewed their pledge to finalize an overhaul of global bank-capital rules, but stopped short of making progress on certain proposals that have led to a standoff between Europe and the U.S. In the statement capping a two-day meeting in the German town of Baden-Baden, the G-20 urged the Basel Committee on Banking Supervision to finalize the Basel III reforms “without Read the full story
G-20 fails to agree on free trade and protectionism — climate change is missing, too
The world's financial leaders backtracked on past commitments to keep trade open and reject protectionism.
Read more: http://www.cnbc.com/id/
UN chief warns against abrupt US funding cuts to world body
RiyadhVision
UN Secretary-General Antonio Guterres UN Secretary-General Antonio Guterres has warned against an abrupt cut to US funding for the world body. “Abrupt funding cuts can force the adoption of ad hoc measures that will undermine the impact of longer-term reform efforts,” said Stephane Dujarric, the secretary-general’s spokesman. “The secretary-general is grateful for the support the US has given to the UN over the years as the organization’s largest financial contributor,” the statement added. “The Read the full story
9 bills where you can cut a better deal
USA TODAY
There’s nothing fixed about many of the bills a typical household pays today. Read the full story
35 money questions you should be able to answer by 35
Business Insider UK
By the time you’ve reached your 30s, you’ve probably heard dozens of financial acronyms and terms thrown around — from APRs to IRAs, expense ratios to exchange-traded funds. Yet while the lingo may sound familiar, you might not have a really clear understanding of what the words actually mean or how they apply to your finances. And that can be problematic when you’re trying to make the best decisions with your money. So we’ve gathered, and answered, 35 questions on a range of financial topics Read the full story
Watch out for tax scams on email, Facebook and your phone
USA TODAY
The top telltale signs to help you spot a fraud in your email, Facebook, or on your phone. Read the full story
How safe is your IRA?
USA TODAY
Like any investment, IRAs have risks. Understand them before you invest. Read the full story
OIL / COMMODITIES / ENERGY
Oil prices extend gains after drop in US stockpiles
RiyadhVision
Crude oil prices rose on Thursday to extend gains from the previous session after official government data showed US stockpiles had eased from record highs. Prices surged on Wednesday after a slew of market reports and official data offered some hope that a near three-year global glut in oil is coming to an end, albeit more slowly than many have anticipated. The market was also buoyed after the Federal Reserve raised interest rates in line with expectations but did not signal any pick-up in the Read the full story
The expert that called oil’s decline just said these lower prices are here to stay
CNBC
Jim Cramer spoke with oil guru Rusty Braziel for his outlook on oil prices and the overall energy market. Read the full story
America's Shale Gas Selling at Record Prices to Overseas Buyers
Bloomberg
A year after Cheniere Energy Inc.’s Louisiana terminal shipped the first exports of U.S. natural gas from shale, cargoes from the facility are fetching higher prices than ever. Read the full story
Trader looks to triple his money by betting on gold
CNBC
One trader thinks gold's run isn't done, and he predicts how high the yellow metal could go. Read the full story
Rio Tinto's chief sees one ‘key source of uncertainty’ for iron ore
CNBC
Jean-Sébastien Jacques, chief executive for Rio Tinto, spoke with CNBC on Saturday morning at the China Development Forum in Beijing. Read the full story
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Gulf Islamic banks set to outperform conventional banks for second year: Moody's
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Iraq, March 19, 2017
The profitability of Islamic banks in the Gulf Cooperation Council (GCC) is likely to outpace that of their conventional peers for the second consecutive year in 2017 on the back of stronger margins and the resilient cost of risk, said a report issued by Moody’s Investors Service.
According to the report, Islamic banks have become more profitable than their conventional counterparts in 2016 after trailing for five years. “Islamic banks will be able to maintain their profitability in 2017, as lower funding costs will support their margins against a backdrop of rising interest rates, while improvements in their risk management and asset quality will further ease the pressure on their cost of risk,” said Nitish Bhojnagarwala, assistant vice president — analyst at Moody’s. Analysts at Moody’s said that Islamic banks perform better primarily as a result of their low funding costs, which reflect their reliance on largely stable current and savings account balances. “Islamic banks also tend to have higher asset yields, given their focus on retail and the real estate-related lending,” the report said. Moody’s expects that Islamic banks will retain a margin advantage of about 40 basis points over conventional banks in 2017. Islamic banks’ net profit margins are analogous to conventional banks’ net interest margins. “The cost of risk for Islamic banks has converged with the conventional peers as they diversify away from real estate lending toward other sectors and tighten their risk management practices. In the past, higher impairment charges on loans and investments have dampened Islamic banks’ profitability,” said Bhojnagarwala. “Conventional banks will continue to beat Islamic peers in terms of cost efficiency,” he added. Islamic banks have a higher cost base because they are younger and more focused on retail customer segments. This means higher levels of investment in branch network expansion and technology. Conventional banks in the GCC, in contrast, have already established their branch networks. |
Rafidain Bank announced a financial grant loans to support staff and citizens to buy housing units.
19-03-2017 12:21 PM Rivers gives financial loans to support staff and citizens to buy housing units The bank said in a statement today Alohd'an bank decided to grant loans for the purchase of residential units in residential investment projects that are funded.
He added that the granting of loans comes for the purpose of supporting employees and citizens to buy housing units, which amounted to the percentage of completion with 60%, calling slides covered to visit his site and its branches in Baghdad and the provinces to see the instructions for this.
Select the bank as terms and conditions of granting loans to employees and citizens for the purpose of purchasing residential units.
According to the statement it has stipulated that in the event that the student loan officers to be on the permanent staffing continuous service letter of support from his constituency and is shown signing of the head of the department that covers 50% of the total salary premium amount and monthly interest and not to be a loan residential received both from the Rafidain Bank or the Rasheed Bank, or from other banks.
He said he is required to determine the amount of the loan on the basis of (100) salary My name does not exceed its highest level (75) million in the event that the salary nominal employee Student Loan least 400 thousand dinars per month to be granted a loan of no more than (40) million if you wish to do so.
He also said that in the event that the student loan citizen, newly to be of Iraqi nationality who have completed 18 years and full legal capacity and that provides archives identity (identity card - certificate of nationality - residence card) or a national card in addition to sign a pledge in favor of not granting a loan from Our bank or Rasheed Bank or any other bank.
He also pointed out that the loan amount (40) million maximum and the duration of the loan (15 years) repaid with interest over the (180) Premium on a straight (hard) and beginning of the month following the month of grants indicating that the loan interest rate of 10% per annum and that the borrower provides mortgage support during a maximum period (6 months) from the date of receipt of the loan.
He also said he is withholding the premiums resulting from the borrower through electronic payment tools if possible with explained that the guarantee loan mortgage property after scoring on behalf of the borrower in favor of the bank as well as the sponsor guarantor of loans granted to nationals of non-employees and to be an employee on the permanent staffing or customer has banking facilities documented guaranteed by real estate or submit a bill of exchange, while the demand certified by a notary public in the event of non-payment of three successive installments are executed promissory note to the competent execution circuit without warning.
The condition of the bank also does not exceed the loan granted to build a residential unit price which is contained in the contract between the employee and the company executing the construction of that minus the sum of (amount submitted + all premiums paid in cash by the borrower before granting the loan).
He also pointed to the need for on-site detection on the property in accordance with gripping identity and image under him (support) modern issued by the Land Registry department or related investment by a committee composed of (a specialist employee of the General Administration / Commission disclosure in section / expert Ahli / Representative resident Engineer for the company's circle) in favor of the percentage of completion.
He added that the granting of loans comes for the purpose of supporting employees and citizens to buy housing units, which amounted to the percentage of completion with 60%, calling slides covered to visit his site and its branches in Baghdad and the provinces to see the instructions for this.
Select the bank as terms and conditions of granting loans to employees and citizens for the purpose of purchasing residential units.
According to the statement it has stipulated that in the event that the student loan officers to be on the permanent staffing continuous service letter of support from his constituency and is shown signing of the head of the department that covers 50% of the total salary premium amount and monthly interest and not to be a loan residential received both from the Rafidain Bank or the Rasheed Bank, or from other banks.
He said he is required to determine the amount of the loan on the basis of (100) salary My name does not exceed its highest level (75) million in the event that the salary nominal employee Student Loan least 400 thousand dinars per month to be granted a loan of no more than (40) million if you wish to do so.
He also said that in the event that the student loan citizen, newly to be of Iraqi nationality who have completed 18 years and full legal capacity and that provides archives identity (identity card - certificate of nationality - residence card) or a national card in addition to sign a pledge in favor of not granting a loan from Our bank or Rasheed Bank or any other bank.
He also pointed out that the loan amount (40) million maximum and the duration of the loan (15 years) repaid with interest over the (180) Premium on a straight (hard) and beginning of the month following the month of grants indicating that the loan interest rate of 10% per annum and that the borrower provides mortgage support during a maximum period (6 months) from the date of receipt of the loan.
He also said he is withholding the premiums resulting from the borrower through electronic payment tools if possible with explained that the guarantee loan mortgage property after scoring on behalf of the borrower in favor of the bank as well as the sponsor guarantor of loans granted to nationals of non-employees and to be an employee on the permanent staffing or customer has banking facilities documented guaranteed by real estate or submit a bill of exchange, while the demand certified by a notary public in the event of non-payment of three successive installments are executed promissory note to the competent execution circuit without warning.
The condition of the bank also does not exceed the loan granted to build a residential unit price which is contained in the contract between the employee and the company executing the construction of that minus the sum of (amount submitted + all premiums paid in cash by the borrower before granting the loan).
He also pointed to the need for on-site detection on the property in accordance with gripping identity and image under him (support) modern issued by the Land Registry department or related investment by a committee composed of (a specialist employee of the General Administration / Commission disclosure in section / expert Ahli / Representative resident Engineer for the company's circle) in favor of the percentage of completion.
Kauaihn Chatter:
3-20-2017 Newshound Guru Kaperoni Article: "International Monetary Fund agrees to release contractors' receivables" Quote: "The appearance of Mohammed Saleh that the second review of the credit agreement showed a clear understanding and success...This success is the understanding and agreement on the release of receivables of all contractors amounting to more than 4 trillion dinars once the Federal Audit Bureau announced the completion of audit contracts contractors, and we know the SAI is about to complete this process." So the IMF is going to pay almost $4 billion dollars to unpaid contractors in Iraq. This is huge.
3-19-2017 Newshound/Intel Guru tman23 This week in Washington is the NATIONAL COALITION MEETING...THE FIRST WHERE ALL COUNTRIES WILL BE TOGETHER...68! ...THIS IS ALL ABOUT IRAQ AND SYRIA AND SPECIFICALLY ISIS...
3-19-2017 Newshound Guru Kaperoni Article: "Sabri: Iraq's economy will rise over the next five years" ...this statement is in line with several of the CBI going back a few years that the deletion of zeros would take 4-5 years. Sounds to me like they expect a gradual appreciation of the currency as the economy grows. Anyone? Balassa-Samuelson effect...
3-19-2017 Newshound Guru Kaperoni Article: "Sabri: Iraq's economy will rise over the next five years" ...this statement is in line with several of the CBI going back a few years that the deletion of zeros would take 4-5 years. Sounds to me like they expect a gradual appreciation of the currency as the economy grows. Anyone? Balassa-Samuelson effect...
3-19-2017 Newshound Guru mike Iraq's not getting a pass on any of the IMF Article VIII requirements, why would they? Jumping off the peg doesn't serve the people of Iraq, it serves the GOI by lowering internal, dinar associated expenses. All we have to do now is hope that Parliament rolls up its sleeves and creates the environment necessary for an open market economy to thrive.
3-19-2017 Newshound Guru revbo Well, it's Sunday, they have updated for Friday, Saturday, and today, and still no market rate posted on CBI's spreadsheet. Still no idea if it means anything, but this is the first two times in at least the last two years, and as I recall, ever, that that field has been left blank.
3-19-2017 Intel/Newshound Guru tman23 ...ABADI BEST COME BACK FROM WASHINGTON WITH AN ARSENAL OF GIFTS FOR THE CITIZENS... OTHERWISE/WITH ACCESS TO FUTURE INTERNATIONAL LOANS BEING LIMITED...TICK-TOCK...TICK TOCK.
3-19-2017 Newshound Guru mike [what value does the dinar have to get to to be in the 2% range?] anything 1205 and under is compliant with the IMF's 2% MCP requirement. [reference Kaperoni post below, 3-19-2017]
3-19-2017 Newshound Guru Kaperoni The IMF would never agree to accept Iraq into Article VIII if they cannot comply with the Article VIII requirements... That means they must show stability at 2% or less for 90 days prior to acceptance into Article VIII. I don't see anyway around that. That being said, they could get off the peg without approval from the IMF.
3-19-2017 Newshound Guru revbo Well, it's Sunday, they have updated for Friday, Saturday, and today, and still no market rate posted on CBI's spreadsheet. Still no idea if it means anything, but this is the first two times in at least the last two years, and as I recall, ever, that that field has been left blank.
3-19-2017 Intel/Newshound Guru tman23 ...ABADI BEST COME BACK FROM WASHINGTON WITH AN ARSENAL OF GIFTS FOR THE CITIZENS... OTHERWISE/WITH ACCESS TO FUTURE INTERNATIONAL LOANS BEING LIMITED...TICK-TOCK...TICK TOCK.
3-19-2017 Newshound Guru mike [what value does the dinar have to get to to be in the 2% range?] anything 1205 and under is compliant with the IMF's 2% MCP requirement. [reference Kaperoni post below, 3-19-2017]
3-19-2017 Newshound Guru Kaperoni The IMF would never agree to accept Iraq into Article VIII if they cannot comply with the Article VIII requirements... That means they must show stability at 2% or less for 90 days prior to acceptance into Article VIII. I don't see anyway around that. That being said, they could get off the peg without approval from the IMF.
3-19-2017 Newshound Guru firefly Anybody that's been in this investment for any period of time should know that a lot of negative news will pop it's ugly head at the end. Just remember what Dr. Shabibi said at Jackson Hole back in 2011 when he was asked when he will do the currency adjustment. After thinking about the question for a bit of time he stated "AFTER MUCH MEDIA PROPAGANDA" This is not about us. Just be thankful we were given the opportunity to be a part of this investment. Timing is everything right now. One mistake in their calculations would be catastrophic. ...the true rate will show on the CBI 1st.
3-19-2017 Intel Guru Frank26 Article: "Iraq begins new consultations with the IMF and the World Bank late next April" ...even AFTER the RV the CBI will continue to meet with the IMF every three months... IMO...Only THE Agreement to become INTERNATIONAL in early 2017 by lifting the 3 000's from their Exchange Rate can help their Economy...
3-19-2017 Intel Guru Frank26 Article: "Iraq begins new consultations with the IMF and the World Bank late next April" ...even AFTER the RV the CBI will continue to meet with the IMF every three months... IMO...Only THE Agreement to become INTERNATIONAL in early 2017 by lifting the 3 000's from their Exchange Rate can help their Economy...
3-18-2017 Newshound Guru firefly Historically all currency adjustments are made in the 1st quarter of the fiscal year. Kuwait and Zambia are good reference points. There is much going on behind the scenes that we are not aware of. I for one am extremely excited at where we sit today.
3-18-2017 Newshound Guru Kaperoni Article: "Expert: Iraq is heading for a social market economy within the plan that will last until 2030" More importantly, currency reform must begin before they will ever have a market economy.
3-18-2017 Newshound Guru revbo Article: "Head of Prime Minister Haider al-Abadi on the head of a high official delegation, on Saturday, to Washington at the invitation of President of the United States, Donald Trump." So, he's going to be here for three whole days before his actual meeting with President Trump, and right in the middle of the fight of his life. Whatever he's talking about over here must be pretty darn important to pull him away from that, and he must think the Mosul op is close to wrapping up.
3-18-2017 Intel Guru Frank26 Article: "Abadi, head to head an official delegation to Washington to meet with Trump" IOO (In Our Opinion) ...The IMF/CBI meeting will NOT take all 14 days and A will go to meet T before the scheduled 19th.
3-18-2017 Newshound Guru Mnt Goat Article quote: "...we will see in the next few weeks, freeing the city of Mosul completely," he said, adding that after the restoration of Mosul, will continue to restore the rest of the Iraqi and Syrian from the control of the elements of the organization Daesh..." So we can see they moved the target to end of March/early April for full liberation of the region. We also know there is the Iranian influence to take care of, they must secure the boarder with Syria (so ISIS does not infiltrate back), there is some level of Reconciliation and the economy must also crank back up to some level of normalcy...
3-18-2017 Newshound Guru Kaperoni Article: "Detection 3 "goals" Abadi seeks to achieve" Quote: "...three goals of Prime Minister Haider al-Abadi seeks to achieve with major countries (Germany, Britain, America), as he emphasized the lack of plans for more "lending", attributing the reason to determine Iraq certain doors by donor countries..." To me, this says they better get to work..and soon... "there are no plans for further lending".
3-18-2017 Newshound Guru Mnt Goat Article quote: "Voice of the Council of Ministers, the draft anti-terrorism law and referred it to the House, also voted on a draft law the Iraq National Oil Company." Folks this is HCL. I said they would be resuming news on the status of the laws very soon. ...Now we see it. This is very good news...the changes to the HCL are completed and the council of ministers forwarded it to parliament for a vote. The ball is in their court.
3-18-2017 Newshound Guru Kaperoni Article: "Expert: Iraq is heading for a social market economy within the plan that will last until 2030" More importantly, currency reform must begin before they will ever have a market economy.
3-18-2017 Newshound Guru revbo Article: "Head of Prime Minister Haider al-Abadi on the head of a high official delegation, on Saturday, to Washington at the invitation of President of the United States, Donald Trump." So, he's going to be here for three whole days before his actual meeting with President Trump, and right in the middle of the fight of his life. Whatever he's talking about over here must be pretty darn important to pull him away from that, and he must think the Mosul op is close to wrapping up.
3-18-2017 Intel Guru Frank26 Article: "Abadi, head to head an official delegation to Washington to meet with Trump" IOO (In Our Opinion) ...The IMF/CBI meeting will NOT take all 14 days and A will go to meet T before the scheduled 19th.
3-18-2017 Newshound Guru Mnt Goat Article quote: "...we will see in the next few weeks, freeing the city of Mosul completely," he said, adding that after the restoration of Mosul, will continue to restore the rest of the Iraqi and Syrian from the control of the elements of the organization Daesh..." So we can see they moved the target to end of March/early April for full liberation of the region. We also know there is the Iranian influence to take care of, they must secure the boarder with Syria (so ISIS does not infiltrate back), there is some level of Reconciliation and the economy must also crank back up to some level of normalcy...
3-18-2017 Newshound Guru Kaperoni Article: "Detection 3 "goals" Abadi seeks to achieve" Quote: "...three goals of Prime Minister Haider al-Abadi seeks to achieve with major countries (Germany, Britain, America), as he emphasized the lack of plans for more "lending", attributing the reason to determine Iraq certain doors by donor countries..." To me, this says they better get to work..and soon... "there are no plans for further lending".
3-18-2017 Newshound Guru Mnt Goat Article quote: "Voice of the Council of Ministers, the draft anti-terrorism law and referred it to the House, also voted on a draft law the Iraq National Oil Company." Folks this is HCL. I said they would be resuming news on the status of the laws very soon. ...Now we see it. This is very good news...the changes to the HCL are completed and the council of ministers forwarded it to parliament for a vote. The ball is in their court.
Elmer:
Not in today
Artmeister:
Not in today
Catnip:
Information Office of the Prime Minister
March 19, 2017
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ARTICLE 1-A (from PM Abadi's website; posted on both the Arabic and English sides)
Prime Minister Dr. Haidar al-Abbadi heads to US
Mr. Prime Minister, Dr. Haider al-Abadi went on Sunday to the United States an official invitation of the US President, Mr. Donald Trump.
He will meet Dr. Abadi, in addition to the President a number of administration officials, including Vice President, Foreign Minister and Chairman of the US House of Representatives, as well as meetings with members of Congress and the Senate to strengthen cooperation between the two countries in the security, military, economic and other fields.
Mr. Prime Minister will also meet with officials of a number of international institutions and organizations, and attending external international coalition ministers' meeting to eliminate Daesh.
He will meet Dr. Abadi, in addition to the President a number of administration officials, including Vice President, Foreign Minister and Chairman of the US House of Representatives, as well as meetings with members of Congress and the Senate to strengthen cooperation between the two countries in the security, military, economic and other fields.
Mr. Prime Minister will also meet with officials of a number of international institutions and organizations, and attending external international coalition ministers' meeting to eliminate Daesh.
Information Office of the Prime Minister
March 19, 2017
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ARTICLE 1-B (from PM Abadi's website; posted only on Arabic side, not posted on English side)
Prime Minister Dr. Haider al-Abadi receives Executive Director of UNICEF Mr. William Anthony Lake
Mr. Prime Minister, Dr. Haider al-Abadi met in his office on Saturday, Executive Director of UNICEF Mr. William Anthony Lake and his accompanying delegation in the presence of the Minister of Health and the Minister of Education and Secretary General of the Council of Ministers, also attended the meeting, the Special Representative of the Secretary-General of the United Nations.
At the beginning of the meeting, the Prime Minister stressed the important role played by international organizations, in particular UNICEF, which is continuing its efforts in the development of programs for children to support, including both sides of education and health.
He referred to the organization Daesh terrorist sought frantically to brainwash the young and young people, and to spread the concepts destructive among them .. But we are determined to rehabilitate the educational system, either in infrastructure or in curriculum development and rehabilitation of educational and instructional staff, though Liberating our desecrated Daesh which is imminent makes the advancement of the education sector priorities in our interest as well as interest in the health of children with an eye to international support, especially on the part of UNICEF.
In turn, Mr. Anthony Lake praised what he has achieved in the liberation of Iraq from the land Daesh and save children from dangerous Zlamath.
He also stressed UNICEF is keen to contribute to the rehabilitation of schools and the development of the educational process and improvement of children, especially in the field of immunization and vaccines programs provide health programs.
He stressed that he would continue his meetings with Iraqi officials and conducting field visits to find out what his successor Daesh from the devastation of the infrastructure for health and education.
Information Office of the Prime Minister
18 March 2017
At the beginning of the meeting, the Prime Minister stressed the important role played by international organizations, in particular UNICEF, which is continuing its efforts in the development of programs for children to support, including both sides of education and health.
He referred to the organization Daesh terrorist sought frantically to brainwash the young and young people, and to spread the concepts destructive among them .. But we are determined to rehabilitate the educational system, either in infrastructure or in curriculum development and rehabilitation of educational and instructional staff, though Liberating our desecrated Daesh which is imminent makes the advancement of the education sector priorities in our interest as well as interest in the health of children with an eye to international support, especially on the part of UNICEF.
In turn, Mr. Anthony Lake praised what he has achieved in the liberation of Iraq from the land Daesh and save children from dangerous Zlamath.
He also stressed UNICEF is keen to contribute to the rehabilitation of schools and the development of the educational process and improvement of children, especially in the field of immunization and vaccines programs provide health programs.
He stressed that he would continue his meetings with Iraqi officials and conducting field visits to find out what his successor Daesh from the devastation of the infrastructure for health and education.
Information Office of the Prime Minister
18 March 2017
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ARTICLE 2-A
Nowruz celebration postponed in Sulaimaniya
2017/3/19 11:52
[Oan- Baghdad]
The President of the Heritage Society and folklore Kurdish in Sulaymaniyah, the postponement of the ceremony of Nowruz festival, slated for Monday to Thursday to bad weather.
The President of the Heritage Society and folklore Kurdish in Sulaymaniyah, the postponement of the ceremony of Nowruz festival, slated for Monday to Thursday to bad weather.
He explained Mohammed Mardan in a special statement to the media that the Patriotic Union of Kurdistan, "the Supreme Committee to organize the festival Nowruz celebrations today decided to postpone the event until Thursday," explaining, it's not the first time that the appropriate postponement is because of the vagaries of the weather. "
The holiday Nowruz ceremony had been postponed in 1944, for the same reason for two days, and the situation was repeated in 2002 due to rainfall profusely.
He said Mardan, said that "the province of Sulaymaniyah allocated a budget to celebrate the start of the Kurdish New Year, also it expressed the Directorate General for Culture in Sulaimaniya willingness to cover appropriate costs."
He stressed that cultural and heritage associations agreed to set up the best picture of the celebrations, not to mention the participation of several sections of the General Directorate for Culture in Sulaimaniya.
The holiday Nowruz ceremony had been postponed in 1944, for the same reason for two days, and the situation was repeated in 2002 due to rainfall profusely.
He said Mardan, said that "the province of Sulaymaniyah allocated a budget to celebrate the start of the Kurdish New Year, also it expressed the Directorate General for Culture in Sulaimaniya willingness to cover appropriate costs."
He stressed that cultural and heritage associations agreed to set up the best picture of the celebrations, not to mention the participation of several sections of the General Directorate for Culture in Sulaimaniya.
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ARTICLE 2-B
Disable official working in Tuz, Kirkuk and Kurdistan on the occasion of Nowruz holidays
Kirkuk - Iraq Press - March 19 / March: announced Qaimqamip spend Tuz, Sunday, disable official working in government departments for elimination on Tuesday and Wednesday next.
According to a statement of Qaimqamip, received / Iraq Press / copy of it, it "decided to disable the official working on next Tuesday and Wednesday, in all government departments to spend Tuz, with the exception of service departments, to mark the holiday of Nowruz and the Kurdish New Year , " pointing out that " the province of Kirkuk, decided in earlier, disable the working hours of its departments for these two days on the occasion of Nowruz , too. "
The Kurdistan Regional Government, said earlier in the day a public holiday in the province circles Month this March on the occasion of Nowruz holidays.
A spokesman for the Kurdistan Regional Government, Sven Dzia, in a press statement that " the provincial government and according to the law and the resolutions of the Parliament of Kurdistan, has identified six days during the month of March, a public holiday in all government departments and institutions inthe region."
The statement noted that " the days of 5.11, 14.21, 22 and 23, will be the day an official holiday in Kurdistan during the current month of March, including the holiday Nowruz holidays, which falls on March 21 of this." Ended O.h
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ARTICLE 3
Putin reiterates support for Iraq and emphasizes the unity of its territory
2017/3/19 22:09
[Where - Baghdad]
Said Russian President Vladimir Putin, on Sunday, Dan country of Iraq, stressing its territorial integrity.
Said Russian President Vladimir Putin, on Sunday, Dan country of Iraq, stressing its territorial integrity.
According to a Foreign Ministry statement posted on its website, I followed the agency all of Iraq [where] that "the President of the Russian Federation praised the development of the Iraqi-Russian relations and the possibility of enhancing cooperation between the two countries in all fields," he pledged his country with the Iraqi government in its war led against terrorism, again call to preserve the unity and integrity of the Iraqi territories. "
The statement noted that "the Iraqi Ambassador to Russia Haidar Mansour virgins presented his credentials as Ambassador Extraordinary resident papers to the President of the Russian Federation Mr. Vladimir Putin in the Kremlin in Moscow."
He said the "ambassador to convey during the presentation ceremony rely greetings of the President of the Republic of Iraq Fuad Masum and Prime Minister Haidar al-Abbadi and Foreign Minister Ibrahim Aciqr Jaafari to Russian President papers," and expressed "the thanks of the Government and people of Iraq to the Russian president for the positions of his country's support for Iraq in its war led by against terrorism".
The statement noted that "the Iraqi Ambassador to Russia Haidar Mansour virgins presented his credentials as Ambassador Extraordinary resident papers to the President of the Russian Federation Mr. Vladimir Putin in the Kremlin in Moscow."
He said the "ambassador to convey during the presentation ceremony rely greetings of the President of the Republic of Iraq Fuad Masum and Prime Minister Haidar al-Abbadi and Foreign Minister Ibrahim Aciqr Jaafari to Russian President papers," and expressed "the thanks of the Government and people of Iraq to the Russian president for the positions of his country's support for Iraq in its war led by against terrorism".
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ARTICLE 4
Urgent popular crowd frees a residential compound near Badush
2017/3/20 11:47
[Oan- Baghdad]
DONE popular crowd Forces / Major 26 residential complex near Badush plant north right of the conductor coast.
DONE popular crowd Forces / Major 26 residential complex near Badush plant north right of the conductor coast.
The popular crowd and military forces had liberated in March this hand Badush northern right side mid-west city of Mosul fully Daesh of terrorist gangs.
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ARTICLE 5
The killing of Abdul Karim Abu Russian and Moroccan Doaa Abu Jamal Turkish raids Ayman Mosul
Nineveh - Iraq Press - March 19 / March: revealed the Ministry of Defence, Sunday, he was at the Military Intelligence Directorate of Information, the international airline alliance led by the United States , a devastating blow to the leadership Daesh site , killing a number of Obozor leaders.
And increased in a statement, " The air raids killed the most prominent leaders of the organization , " adding, " The dead were all from" Abdul Karim Russian known as Abu Samir (Russian nationality) military commander of the so - called battalion Tariq ibn Ziyad, and Saleh al - Ahmad (aka Abu Mihav) French of Syrian origin, and Abu Duaa Moroccan, in addition to Joseph Awni aka (Abu - Jamal) Turkish citizenship, and Abdullah Hamoud aka (Abu Saleh) Moroccan nationality, Milaz Siro aka (Abu Hafsa) Briton of Algerian origin in slogans market side right from Mosul. "
So , according to security sources informed, Sunday, that "Iraqi forces are creating lines repel the Tigris River north of hand Badush to prevent infiltration Daesh of Ayman Mosul towards the areas of Tal Afar , across the river , " pointing out that " the Iraqi forces cut off all supply lines to Daesh in Hub West made the enemy waging exposures to open a loophole toward Syria. "Ended O.h
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ARTICLE 6
Italian newspaper: Baghdadi moving between areas of Iraq disguised Akaflah
Rome - Iraq Press - March 19 / March: the newspaper La Stampa Italian revealed , quoting Iraqi and Western intelligence sources, that al Daesh leader Abu Bakr al - Baghdadi, spends his days weeks on the run traveling between villages in Iraq and areas loyal to the organization since, disguised inthe form of ashepherd sometimes In Falah form poor at other times, with the adoption of extreme caution, surrounded by elements close to protect him, the areas that are still relatively safe in the quad cars roam the payment.
The sources pointed out that al - Baghdadi , sleeps in a different every night the house, with an explosive belt as a precaution, noting that after escaping from Mosul since the beginning of the military offensive broad, and leaving it to some leaders of the rear rows in the organization, al - Baghdadi , re -scheduling priorities and objectives, and on her head to stay on alive, then work to organize and secure conditions for an armed uprising in the desert areas between the major Iraqi cities, especially between Mosul and Baghdad.
The sources confirmed that al - Baghdadi will not try to access not only to the Syrian tenderness nor to any other region in Syria, after his certainty of the impossibility of arriving safely or to ensure his life where if reached, because of the constant bombardment of the many breakthroughs. Q ended
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