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Showing content with the highest reputation on 02/11/2019 in all areas

  1. 12 points
    Ask yourself this question; Why the CBI decided to reduce the proportion of the letter of guarantee provided by the companies to mediate the sale and purchase of foreign currencies to become 10% of the capital company instead of 50% and the amount of 50 million Dinars instead of 100 million dinars? Why the CBI is making it easier for them to participate in the sale and purchase of foreign currencies? I believe if because the dinar will become international trade currency and it will be an excessive amount of currency exchange. Also the new agreement between iraq and Iran to use the dinar to conduct business will increase the demand for dinars and drive the value up. Its coming. Go CBI Go international Go $1:1 Go 2019
  2. 11 points
    Oil & Gas Law Key to Resolving Issues 16th July 2013 in Iraq Oil & Gas News Hawrami stressed the need to enact the oil and gas law, and said, “The law, which we are seeking to pass according to the constitution, will be the key for all the contentious issues between the two sides in the oil sector.” During a joint news conference with Kurdistan Region of Iraq President Massoud Barzani on Sunday, July 7, Iraqi Prime Minister Nouri al-Maliki said, “There are no disputes between the federal government and the provincial government, it is merely a divergence in views regarding the Constitution.” Hawrami continued, “Most of the differences are political and they arise from the non-application of the Constitution in relation to the distribution of proceeds.” Article 112 of the Iraqi Constitution stipulates: “The federal government with the producing governorates and regional governments shall undertake the management of oil and gas extracted from current fields provided that it distributes oil and gas revenues in a fair manner in proportion to the population distribution in all parts of the country with a set allotment for a set time for the damaged regions.” The article stresses, “The federal government, with the producing governorates and regional governments, shall undertake the management of oil and gas extracted from current fields provided that it distributes oil and gas revenues in a fair manner in proportion to the population distribution in all parts of the country with a set allotment for a set time for the damaged regions.” Hawrami downplayed the importance of the pressure exerted by Baghdad on oil companies operating in the region to discourage them from implementing the contracts. “This does not affect the work of these companies and they are ready to continue despite the delay in payment of their dues,” he added. “Crude oil reserves in the Kurdistan region, excluding the disputed areas, are at 45 billion barrels, and possibly even more. Yet the preliminary gas estimates are at 100 or 200 trillion cubic meters,” he said. Concerning his ministry’s plans to increase production in the coming period, he said, “The target production for 2015 is 1 million barrels per day, reaching 2 million barrels per day in 2019. As for the refining of crude oil and the production of hydrocarbons, they are estimated to increase to 150,000 barrels per day, and could reach up to 250,000.”
  3. 11 points
    Member of Barzani party: reform of outstanding issues with Baghdad 10/02/2019 78 Member of Barzani party: reform of outstanding issues with Baghdad The Kurdish Democratic Party member Ali al-Faily; the visit of the President of the Kurdistan Regional Government, Najirvan Barzani to the capital Baghdad, "fixed the outstanding issues." Al-Faily said in a press statement that "the convergence of Abdul Mahdi of the Kurds traded by some politicians," noting that "the rulers of Iraq must be fair to separate the segments of the people." "He added:" Those who attack the convergence of Abdul Mahdi of the Kurds waiting for results, "noting that" Peshmerga part of the Iraqi defense system and return to Kirkuk within the framework of the Constitution. " He pointed out that "Barzani's visit to Baghdad opened the prospects of a new stage and corrected the outstanding issues," adding that "Barzani was able to tame Iran and win the United States." He said that "the components of Kirkuk should elect the province administration to maintain the unity of the city," noting that "the share of Kurdistan in the budget deducted from the expenses of the sovereign requirement of salaries," pointing out that "the budget dealt with the problem of sovereign expenditure of 43 trillion dinars." The Prime Minister of the Territory visited on the seventh of this month Baghdad and met with Prime Minister Adel Abdul-Mahdi and the two sides to resolve the outstanding issues.
  4. 9 points
    Good evening Yota, Man, I have to say that things are looking very promising. Very much appreciated my friend 👍
  5. 9 points
    Sustainable foreign direct investment is key to the RV as well as the completion of the 2016 SBA - which includes increased FDI as a benchmark. FDI is good for Iraq even if it comes from America. The IMF defines Foreign Direct Investment (FDI) as What Is Direct Investment? FINANCE & DEVELOPMENT, September 2015, Vol. 52, No. 3 Tadeusz Galeza and James Chan PDF version Investors often seek profits from a long-term stake in a foreign operation Foreign investors can have myriad motivations for seeking to earn profits in another country. But they have fundamentally two core choices when deciding how to deploy their capital. They can make a portfolio investment, buying stocks or bonds, say, often with the idea of making a short-term speculative financial gain without becoming actively engaged in the day-to-day running of the enterprise in which they invest. Or they can choose the long-haul, hands-on approach—investing in an enterprise in another economy with the objective of gaining control or exerting significant influence over management of the firm (which usually involves a stake of at least 10 percent of a company’s stock). In the most extreme case, investors may build new facilities from scratch, maintaining full control over operations. It is the intent of lasting interest that is the crucial component of direct investment. A portfolio investor can sell a stock or bond quickly—whether to cement a gain or avoid a loss. Most corporations entering a foreign market through direct investment expect to substantially influence or control the management of the enterprise over the long haul. Faces of investment A number of factors influence a company’s decision to engage in direct investment, including analysis of the trade costs with a foreign country. If these costs—including tariffs (taxes on imports), trade barriers such as quotas, and transportation—are higher than the cost, including the costs of production abroad, of establishing presence in the foreign country, the business will maximize its profits through direct investment. Companies may invest with the idea of producing components that become part of a bigger product. An automaker may invest in a plant to build transmissions that are shipped to a final assembly plant in another country. This so-called vertical direct investment accounts for most of the investment by advanced economies in developing ones. The cost advantages associated with investing in a foreign country—and in many cases performing only a portion of the production process in that country—drive such investment. Abundant or unique natural resources or low labor costs influence the decision to move production overseas and import intermediate or final products from subsidiaries in host economies to the parent company’s country (intrafirm trade). A company may also invest in a foreign country by duplicating there its home country manufacturing processes. This may be done to supply goods or services to a foreign market. That’s called horizontal direct investment. In countries with tariffs or other barriers to imports, a foreign firm may find that setting up local operations allows it to circumvent the barriers. Even though trade taxes have been falling over the years, such tariff jumping is still a common way to enter markets where the greatest benefit of direct investment is access to the local market. Another factor driving horizontal direct investment, specifically between advanced economies, is access to a pool of skilled employees and technology. In contrast to vertical direct investment, horizontal direct investment is likely to compete directly with local firms for local market share. Of course investment need not be purely horizontal or vertical. A foreign subsidiary may provide goods to the parent company and receive services from the headquarters—a clear example of vertical direct investment. But the same subsidiary may also supply the local market, as part of the parent company’s horizontal direct investment strategy. Direct investment takes different shapes and forms. A company may enter a foreign market through so-called greenfield direct investment, in which the direct investor provides funds to build a new factory, distribution facility, or store, for example, to establish its presence in the host country. But a company might also choose brownfield direct investment. Instead of establishing a new presence the company invests in or takes over an existing local company. Brownfield investment means acquiring existing facilities, suppliers, and operations—and often the brand itself. Local effects Countries may encourage inward direct investment to improve their finances. Firms that set up operations in host countries are subject to local tax laws and often significantly boost the host country’s tax revenues. Direct investment can also help a country’s balance of payments. Because portfolio investments can be volatile, a country’s financial circumstances could worsen if investors suddenly withdrew their funds. Direct investment, on the other hand, is a more stable contributor to a country’s financial structure. Direct investors do not wish to take actions to undermine the value or sustainability of their investments. Other positive effects associated with inward direct investment include increased employment, improved productivity, technology and knowledge transfer, and overall economic growth. Increased competition from foreign firms, whether new or acquired, often forces competitors to increase their productivity so that they don’t go out of business. Suppliers and service providers to the direct investment enterprise may also increase their productivity, often because the investor requires higher-volume or higher-quality orders. The increase in volume and variability of products and services in the economy leads to overall improvement in the market’s quality and size. Host countries also benefit from a transfer of knowledge and technology, which often stems from workforce turnover. Incoming firms frequently offer more training opportunities than local employers. This knowledge is later transferred to local companies when trained employees leave the foreign enterprise for local businesses. In addition, there may be some incidental spillover of knowledge through informal networks, when employees exchange ideas and opinions about their workplace practices. But direct investment may not always be viewed positively from a host country perspective. Because productive companies engage in direct investment, the increased competition they provide may force the least productive local companies out of business. Opponents of direct investment argue that foreign, especially brownfield, investment is a simple ownership transfer that does not generate new jobs. Some critics, moreover, point to the risk of a sudden reversal of the direct investment and a fire sale of assets, drastically reducing their value and, in extreme cases, forcing facilities to close and companies to lay off workers. Direct investment is often restricted in certain companies and industries, such as those involving sensitive high-technology products and in defense-related companies. Because direct investment depends on the host country’s decision to attract and accommodate investments, foreign companies often maintain close relations with the local authorities. This entanglement of business and politics may have an adverse effect on the host country. Perhaps the most common argument against direct investment is the potential power and political influence of foreign investors. The leverage investors have over policymakers becomes troublesome when a foreign company gains significant control over a sector of the economy or becomes a critical, or even the largest, employer in the market. Attracting direct investment Despite the potential problems of unregulated direct investment, governments of both advanced and developing economies tend to actively seek foreign investors and the capital they bring. Advanced economies attract direct investment because of their stable policies, pool of skilled workers, and sizable markets. Developing economies are more interested in greenfield investment, which creates new facilities and jobs. Governments often set up special economic zones, provide the property for construction of facilities, and offer generous tax incentives or subsidies to attract capital. These special economic zones, if properly designed, allow industries to concentrate in one geographic area, often placing suppliers close to buyers and providing the necessary infrastructure to meet investors’ requirements. Countries with a comparative advantage, such as favorable policies or a significant pool of skilled workers, frequently develop investment-promotion programs, which can include marketing campaigns, information offices, and even bilateral negotiations between governments and foreign firms. Unlike the tax and other fiscal incentives offered to foreign investors, information campaigns do not erode tax revenues from direct investment. According to the IMF (2014), 63 percent of global direct investment occurs between advanced economies and 20 percent is between advanced and emerging market economies (including low-income countries). Six percent is between emerging market economies, and 11 percent of total direct investment flows from emerging market to advanced economies. That the overwhelming share of direct investment occurs among advanced economies may seem counterintuitive. But given the large size of these economies, it stands to reason that horizontal direct investment in which advanced economies access pools of skilled workers, advanced technology, and large markets in other advanced economies dominates global direct investment. Data on direct investment can be hard to interpret because of investments in tax havens. The level of investment in these countries is large, but investors tend to have no physical presence there. Given the pass-through nature of these investments, the usual costs and benefits associated with direct investment, other than collection of fees and taxes, do not apply. Foreign direct investors may, as their critics claim, buy out domestic assets, pushing local firms out of business or imposing their policies on governments. But the overall benefits to both host and investing economies from foreign direct investment significantly outweigh the costs. Capital inflows from foreign direct investors help finance a country’s spending—on investment, for example—and increase tax revenue, create jobs, and produce other positive spillovers for the host economy. ■
  6. 8 points
    What makes you feel this way these articles are our only source of information coming out of Iraq! These articles are what we have been looking for pertaining to the HCL. I believe the HCL is complete. I think we are in the very last stage before Iraq RV’s, ! I’m interested in your thoughts as to why you fear that to much is being read into all this great news! Most people that has been around this investment for a years concur with me in that all systems are on go for a rate change. Thanks in advance for sharing your thoughts! Respectfully!
  7. 8 points
    2019/02/10 17:43 Number of readings 147 Section: Iraq Parliamentary finance: Baghdad will send salaries of staff of the region and Peshmerga next month BAGHDAD / The obelisk: Member of the Finance Committee parliamentary Jamal Cougar, Sunday, February 10, 2019, that Baghdad will send salaries of staff of the region and the Peshmerga starting next month, in accordance with what was stated in the financial budget for 2019. "The federal budget for 2019 includes an item that guarantees the salaries of regional and Peshmerga employees and deals with them like all other employees in the Iraqi state, and they separate their salaries entirely from the budget and the oil agreement between Arbil and Baghdad," he said in an interview. That "salaries will be sent full of Baghdad to the region, without any savings beginning next month, as we have been informed, and based on what is stated in the budget law, which was approved by President Barham Saleh. The MP said the Kurdistan Islamic Group, "These salaries will not be subject to the discussions of the oil agreement and the delivery of revenues by the provincial government to the federal government," calling for "Baghdad to fulfill its obligations to the citizens of the region." Follow the obeliskالمالية-النيابية-بغداد-سترسل-رواتب-موظفي-الاقليم-والبيشمركة-في-الشهر-المقبل
  8. 7 points
    "He pointed out that the draft will be signed before the 18th of February". "Berra stressed that before the 18th of February, the two parties will gather to sign the draft agreement." Hmmmm. Seems important to sign before the 18th of February. 😁
  9. 6 points
    Publication of the budget of 2019 in the Iraqi factsheet 10:49 - 11/02/2019 BAGHDAD - The Ministry of Justice announced on Monday the issuance of the new issue of the Iraqi Gazette No. (4529) of the Federal Budget Law No. 1 of 2019, which was approved by the House of Representatives and approved by the President of the Republic. "The budget law guarantees the transfer of money from some ministries to the liberated provinces and the province of Basra and detailed sentences in terms of spending, investment and loans," said the director general of the Iraqi Facts Department Kamel Amin Hashim in a statement received by Mawazine News. He added that "the law included the request of the Council of Ministers to install all contractors and lecturers in state institutions and by foot, including the employees of self-financed contracts in the Ministry of Electricity, as well as continuing to grant employees five-year leave and the introduction of degrees for the popular mobilization and tribal mobilization." Hashim explained that "the number also included the law banning the importation of food products and agricultural products that have a similar local product and according to the agricultural calendar."
  10. 6 points
    Oil & Gas Law Key to Resolving Issues 16th July 2013 in Iraq Oil & Gas News Translated from Al-Hayat by Abdel Wahed Tohmeh, for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Iraqi Kurdistan Region Natural Resources Minister Ashti Hawrami (pictured) said that the shares of oil companies operating in the region have exceeded $3.5 billion. He stressed the importance of the oil and gas law’s enactment, and estimated that oil reserves in the three Kurdish governorates are at more than 45 billion barrels. In an interview with Al-Hayat, Hawrami said that the negotiations with Baghdad will be in accordance with the law, which determines the Kurdistan region’s financial share of federal revenues. “The provincial government informed Baghdad at the beginning of this year that the investing companies requested more than $3.5 billion [in shares], and they are constitutionally entitled to this,” he said. He denied Baghdad’s accusations that the region is exporting crude oil without coordinating with Baghdad, adding, “This is taking place under an agreement with Baghdad to export our production, on the condition that 50% of proceeds is deducted to pay companies’ dues, while the other 50% is kept by the state treasury. However, all the proceeds were seized.” He denied rumors of smuggling, saying, “There is no oil smuggling, we do not accept such cheap accusations. What was claimed is a legal entitlement and it came because we forbid them from grabbing it.” He criticized the current management of the country’s imports, which “still follows the methods of the former regime and include laws that are imposed on us by force from the federal government.” Hawrami demanded that the central government provide the region with the 55 million barrels of fuel “that we did not receive from 2004 to 2012, and that are needed for domestic consumption.”
  11. 6 points
  12. 6 points
  13. 6 points
    I hope we're not reading too much into these articles. I want this to happen as much as the next person but I fear we are giving too much meaning to these articles. JMO.
  14. 6 points
    Damn . . . the feeble excuses companies give nowadays when they kick folks to the curb is infuriating. That really Chaps My Azz. Perhaps this might be a Silver Lining around that Dark Cloud ? Possibly you've begun your Pre-Rv Prepare to Standby mode ahead of the rest us. A JOB stands for Just Over Broke and I reckon with maybe a few exceptions in here we're ALL in that category. I've been " Laid off " twice or as they now like to call it . . . Someone who has been affected by the " Reduction in the Workforce of his/her company " WHAT I'd like to think jg1 you'll ( and ALL the rest of us working class stiffs ) have the last when these Pin Heads push the button this month and you/us can FLIP THEM OFF as you/we laugh all the way to the Bank . . . There's a couple of people in everyone's Job that I'm sure that WE would love to tell to go get f*^ked. Hang tuff
  15. 6 points
    The Arrogance of these self-important, unenlightened, greedy & corrupt politicians continuing to spew out their verbal diarrhea to the citizenry of Iraq. Almost 9 months later and these fools are still running their collective mouths while the reforms are now a year late. Your Camel is still at the Starting Gate and STILL without a Monkey Jockey.
  16. 6 points
    Notice how this reduction of fees come out before the tax deadline(feb17). Something is up. By the way, I thought I saw a news that some ports, if not all ports, are gearing up before the tariffs deadline on Feb 17. The flood gates are open guys. Let's go rv. Cheers all.
  17. 5 points
    America wants to enter the Iraqi market Release Date: 2019/2/10 9:58 • 526 times read (Baghdad: Al-Furat News) The economic attaché of the US Embassy in Baghdad John Staples expressed his country's desire to enter the Iraqi market strongly. A statement by the Iraqi Ministry of Industry that Staples and during his meeting with the technical agent of the Ministry of Industry and Minerals Adel Karim between his country's desire to enter strongly into the Iraqi market and directed to encourage US companies to work in Iraq to transfer technology and exchange of experiences to promote the Iraqi industrial reality in all sectors, especially the petrochemical sector and fertilizers. The statement pointed out that the meeting dealt with the review and discussion of the industrial reality in Iraq and highlighted the problems and obstacles facing the Iraqi industry and ways to develop them. The meeting also discussed the laws of product protection and investment law. He added that the Undersecretary of the Ministry stressed that Iraq needs to transfer and exchange experiences with international companies to promote the Iraqi industry, reviewing the most important investment opportunities available in a number of industrial sectors and indicating what laws and regulations in force in Iraq to support the industrial sector and support partnership with the private sector Arab and foreign for the purpose of establishing projects contribute In pushing forward development in Iraq.
  18. 5 points
  19. 5 points
    USA Britain, Japan, China, Russia, Canada, Germany and many other countries are ready to invest in Iraq......... They are just waiting for the right conditions (security, stability And important laws) Go investment Go development Go growth
  20. 5 points
    The king of Saudi Arabia knows something about Iraq future. $1.5 billion dollars sport city as a gift to Iraq..... Wow.! Go RV Go $1:1 Go 2019
  21. 5 points
    Barzani party attacks critics of Nigerian visit to Baghdad Editorial date: 2019/2/10 17:04 • 586 times read (Baghdad: Al Furat News) The Kurdistan Democratic Party (KDP) parliamentary bloc issued a strongly worded statement to the parties that played down the importance of the visit of the head of the regional government to the visit of Najirvan Barzani to Baghdad. A spokesman for the bloc, Aram Naji said in a statement, received by the agency {Euphrates News} a copy of it, that "after the fruitful visit by the President of the Kurdistan Regional Government and the delegation accompanying him to Baghdad, and received by Adel Abdul Mahdi, the Prime Minister of the federal government, The total outstanding issues between Erbil and Baghdad. " He added that "in the meantime, there were some stingy voices that underestimated the importance of this visit and framed it in a narrow party framework as a clear reflection of their narrow and malicious vision. "He said. Naji continued, "This is at a time when every effort is being made by Nezhirvan Barzani to preserve the Kurdistan Region's internal and international character, his relentless defense of the rights of the people of Kurdistan and his constant determination to redress our people in the disputed areas. To Baghdad in this framework exclusively. " "No matter how the parties that have lost the confidence of the people of Kurdistan tried, their shrewd demagogic rhetoric no longer fools anyone. This does not diminish the determination of the leaders of the Kurdistan region to carry out their responsibilities as the legitimate representatives of this people. The will of the people of Kurdistan represented in his legitimate government. "
  22. 5 points
    Afternoon OT - This is only IMHO mind you . . . I think this has been in the works for some time now. Pretty sure the major issues have already been hammered out and now it's time to throw it out there for notification to the public. . . like this will be an ongoing thing for the time being.
  23. 4 points
  24. 4 points
    X22 report interviews Robert David Steele, ex-spook with lots of contacts. A few minutes in he talks about GCR and that the gold backed dollar should be instated in about 3-4 weeks. I like this stuff, but tied to the other info from chris2028 that gold standard has been in place since Jan 21st, this is just too good.
  25. 4 points
    2019-02-10 BY SOTALIRAQ The two main Kurdish parties finish draft agreement "important" Saadi Ahmad Bireh, spokesman for the Political Bureau, announced the completion of the draft of the political agreement between the Patriotic Union of Kurdistan and the Kurdistan Democratic Party. He pointed out that the draft will be signed before the 18th of February. He said that the draft of the political agreement between the Union The Kurdistan National and Democratic, pointing out that the agreement between the two sides is important for the Kurdistan region at this stage, and represents a guarantee of true partnership. Berra stressed that before the 18th of February, the two parties will gather to sign the draft agreement. Since the holding of the Kurdistan legislative elections last September, and announced the results of the parties and the Kurdistan parties fought several rounds of negotiations and dialogues to agree on a formula to form the new cab of the provincial government, and apparently reached the final stages. The Kurdistan Democratic Party nominated the current president of the Kurdistan Regional Government and its vice-president, Nezhirvan Barzani, to preside over the region. The Democratic Party won 45 seats of the parliament of Kurdistan, which consists of 111 seats away from the nearest rivals, the Patriotic Union of Kurdistan, which gets 21 seats comfortably. IRAQالحزبان-الرئيسان-بكوردستان-ينتهيان-م/


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