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

  1. 12 points
    Thank You, TexasMike1958, AND The Very Best Of Your Week To You!!! The language used HERE seems to suggest the “oil agreement” or HCL is ALREADY in place!!! So, I surmise, things are VERY favorable for our anticipated outcome!!! Up to this coming Sunday with the unified customs activation could be a prime time!!! Go Moola Nova!
  2. 12 points
    Iraq to form new military comms center with first official Peshmerga representation Kosar Nawzad | 2 hours ago Share share Kurdish Peshmerga fighters stand on top of a military vehicle as they advance towards villages in Khazer, east of Mosul, Oct. 17, 2016. (Photo: AP/Bram Janssen) Kurdistan Erbil Baghdad Relations Baghdad PeshmergaIraq Erbil A+AA- ERBIL (Kurdistan 24) – Iraqi Prime Minister Adil Abdul-Mahdi on Monday ordered the formation of a new media communications center that will have representatives from each of the country’s various security forces, including the Kurdish Peshmerga. This is the first time the Peshmerga are represented in such a federal entity. The Kurdish Peshmerga were the only official security forces to have been excluded from previous activities of the media communications center known as the “Security Media Center” and before it, the “Military Media Cell.” The prime minister’s move indicates a strengthening of ties between the central government in Baghdad and the Kurdistan Regional Government (KRG), as well as between the national security and the Kurdish forces. The communications center, as will the new, envisioned “Security Media Cell,” are delegated with the task of collecting all military and security reports from official sources, prepare daily briefings, and relay them to the public, a statement from the office of the prime minister explained. Brigadier General Mohammed al-Baydhani will reportedly supervise the Security Media Cell, Brigadier Yahya Rasool will act as its spokesperson, and Colonel Osman Mohammed is slated to be the representative for the Peshmerga Ministry. Administratively, the media center will be linked to the office of Abdul-Mahdi, who is also Commander-in-Chief of the armed forces, the statement continued. The new center will seek to “establish new practices” in dealing with security statements and reports, including responding to “reckless” reports issued by governmental and non-governmental bodies, especially as it relates to security. It will also work to dispel rumors and raise awareness of the work and operations of security forces across the country. The Peshmerga have been one of the most efficient ground troops in the battle against the Islamic State since it emerged. They were instrumental in containing and pushing back the jihadist group in the north of the country. In the military operation to liberate Mosul, the self-proclaimed capital of the Islamic State, in the fall of 2016, Peshmerga forces broke the line of defense the group was holding and advanced in the east and north of the city in coordination with Iraqi forces and the US-led coalition. Following the Sept. 2017 referendum on independence, however, cooperation between the two forces fell through, notably in disputed areas. Fears the Islamic State would reemerge in vulnerable areas have prompted local and international officials to urge Iraqi and Kurdish forces to return to a united front against the common jihadist threat.
  3. 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
  4. 11 points
    You just said it. "They all have been incorrect" That's because they tout their connections, then state "It's done!" And of course they are wrong. Adam says he has certain contacts and has never said "It's done!" Therefore, thus far, he has been 100% CORRECT. He has always stated, HCL triggers the RV. He is still 100% right because the HCL has never been announced as being complete. 2/3rds of it has, but not fully. When we hear the HCL is complete, then we will see how good his contacts and opinion are. I'm hoping he will still be batting a thousand. He has earned my trust without a doubt.
  5. 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.”
  6. 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.
  7. 9 points
    Parliamentary Finance Committee: Parliament obligates the government not to go for external borrowing 11/02/2019 04:51 PM | Number of readings: 1 Parliamentary Finance Committee: Parliament obligates the government not to go for external borrowing The Parliamentary Finance Committee said on Monday that the House of Representatives has committed the current government not to go towards external borrowing to fill the fiscal deficit in the federal budget for 2019 to curb the rise of external debt of the country, while confirmed that it will resort to domestic borrowing in case of falling price of selling oil below $ 50. Committee member Siham al-Aqili said in a press statement
  8. 9 points
    Good evening Yota, Man, I have to say that things are looking very promising. Very much appreciated my friend 👍
  9. 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. ■
  10. 8 points
    Mon Feb 11, 2019 3:21 Envoy: Iran, Iraq Resolved to Expand Economic Ties TEHRAN (FNA)- Iranian Ambassador to Baghdad Iraj Masjedi said that efforts to sabotage Tehran-Baghdad relations are doomed to failure, reiterating that the two countries are poised to develop economic and trade relations. “Ill-wishers’ attempts to damage Iran-Iraq relations have failed,” Masjedi said, addressing a ceremony on the 40th anniversary of the victory of the Islamic Revolution of 1979, in the Iraqi capital city of Baghdad late on Sunday. He added that it is a source of honor that the two countries' ties have gained momentum in all the fields over the past year. The ceremony was attended by the Iraqi religious, ethnic and tribal leaders. Recalling Foreign Minister Mohammad Javad Zarif visit to Iraq as well as President Rouhani’s upcoming trip to the country, Masjedi said, “Currently, Iran-Iraq relations are at excellent level.” The two countries’ economic and trade relations are growing and will continue in the interest of the two nations, he said. Despite the enemies’ plots, Iran is celebrating the 40th founding anniversary of a government based on religious democracy in the world’s contemporary history, Masjedi said. Most of the enemies mobilized all their facilities so that the Iranian nation could not see the 40th anniversary of the Islamic Revolution, but all their efforts failed, as Iran is taking steps on the path of independence and progress stronger than any time, he said. Condemning US unilateral exit from the JCPOA, Masjedi said that the US president revealed that he does not value his commitments, as he not only violated his clear commitments under the JCPOA but also threatened other countries to follow the suit, but he will be humiliated like his predecessors. Earlier on Saturday, Secretary General of Iran-Iraq Joint Chamber of Commerce Hamid Hosseini said that Iran overtook neighboring Turkey in export of products to Iraq in 2018, adding that Turkey’s exports value of products to Iraq in 2018 was at $7.35 billion. He added that in total, Turkey exported $154 billion worth of products in 2017, $8.3 billion worth of which was exported to Iraq. Hosseini put the trade volume exchanged between Iran and Iraq in 2018 at $6.502 billion, so that Iran and Iraq accounted for $6.425 billion and $77 million respectively. Iran's export of products to Iraq in the first nine months of the current Iranian year (March 21 – Dec. 21) hit $7.322 billion, showing a significant growth as compared to the same period last year, the secretary general concluded. In a related front, earlier on Friday, Iran and Iraq reached an agreement to extend exports of 1,200 megawatts of electricity to the Arab country every year through three power transmission lines. The deal was inked by Managing Director of Iran's state-run Organization for Management of Electric Power Generation and Transmission (Tavanir) Mohammad Hassan Motevalizadeh and the Iraqi deputy electricity minister in Tehran on Friday. Iran's Energy Minister Reza Ardakanian and Iraqi Minister of Electricity Luay al-Khatib also signed initial accords to boost cooperation in the fields of power production and exports as well as the transfer of power industry technology. The official contract for electricity exports between Iran and Iraq was inked in 2005 with a 150-megawatt generation capacity. The contract has been extended every year. Under the latest contract between the two countries, Iran exports 1,200 megawatts of electricity to Iraq every year through three power transmission lines in Basrah, Diyala and Amarah. Speaking to reporters on the sidelines of the signing ceremony of the agreements, Ardakanian said debts have been scheduled and repayments have started. He added that the two sides signed a three-year agreement for increasing cooperation. The Iranian minister said Tehran would cooperate with Baghdad on the reconstruction of the war-stricken country's power industry and human resources' training. On February 06, Iraqi President Barham Salih in a meeting with Governor of the Central Bank of Iran (CBI) Abdolnasser Hemmati underlined his country's willingness to further strengthen economic and banking relations with Tehran. During the meeting in Baghdad, Salih called for removing obstacles on the way of economic cooperation between Iran and Iraq private sectors. He expressed pleasure over the agreements between the central banks of Iran and Iraq. During the meeting both sides conferred on the latest conditions of economic and monetary exchanges between the two countries, as well as reinforcing relations in all fields through effective cooperation, namely supporting economic development and creating job opportunities. The central banks of Iran and Iraq finalized an agreement to establish a bilateral payment mechanism to ease trade and the flow of money between the two neighboring countries. Hemmati and Governor of the Central Bank of Iraq Ali Mohsen Al-Allaq met on February 05 in Baghdad where they signed an agreement on a payment mechanism which is to facilitate the settlement of Baghdad’s debts to Tehran. The deal mainly focuses on a payment channel that is to facilitate the settlement of the Arab country’s debts to Tehran over gas and electricity imports, inter alia. The two sides inked the agreement following negotiations between members of their delegations in Baghdad’s Al Rasheed Hotel.
  11. 8 points
    Just went back and read this.....sorry this is happening to you too, Mark. Can't for the life of me understand why some people behave the way they is far too short. They went clear back to November posts and negged me, for pete's sake. Have a nice day. GO RV, then BV
  12. 8 points
    Interesting, I see the band of neg brothers thought it necessary to go back in time and neg every post I even made in this fun forum. Some real haters among us folks. Happy Monday. GO RV, then BV
  13. 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!
  14. 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
  15. 7 points
    February 11, 2019 CBI - Foreign Currency Selling Window for Tuesday, 12/2/2019 that was performed on Monday, 11/2/2019 Announcement No.(3891) Sale Date - Tuesday, 12/2/2019 performed on Monday, 11/2/2019 Details Amount Total sale for the purpose of strengthen outside assets (Transfers and credits) 123,220,151 Total sale cash 24,000,000 Total sale amount 147,220,151 Note: Selling price of remittance money to bank accounts outside is (1190) ID for each Dollar. Cash selling price is (1190) ID for each Dollar. * Schedule of sales of the Central Bank of Iraq for foreign currency (amounts in thousands of dollars) on Tuesday 2019/2/12 and issued on Monday 2019/2/11
  16. 7 points
    The entry into force of the 2019 budget after its publication in the Official Gazette 08:36 - 11/02/2019 0 Information / Baghdad .. The Ministry of Justice announced on Monday the issuance of the new issue of the Iraqi Gazette No. (4529) on the Federal Budget Law No. 1 of 2019 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 regarding spending, investment and loans, and the law included the request of the Council of Ministers to install the contractors," said General Director of the Iraqi Facts Department Kamel Amin Hashim in a statement received. And all lecturers in the state institutions and by the foot, including employees of self-financed contracts in the Ministry of Electricity, as well as continuing to grant employees five-year leave and the introduction of grades for the popular mobilization and tribal mobilization. "The number also includes the law banning the importation of food products, as well as agricultural products that have a similar local product, according to the agricultural calendar," he added. "The Iraqi factsheet included the details of the budget and its adjustments for the current year 2019"
  17. 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. 😁
  18. 6 points
    Great points Keylime! Last fall I asked myself what needed to be done to get us over the finish line? I was driving and just as I thought about this question, I saw on the roof of a building the letters HCL. Then I looked to the right and saw a billboard ad for a lottery with bags of money on it! Talk about signs!
  19. 6 points
    I think it's a good idea for everyone to educate themselves on digital security, but short of going completely off the grid and ditching all electronics (email, phone, tv, etc) - there's no way to really hide everything about you and your life. Also, just because you're paranoid doesn't mean they aren't out to get you!!!
  20. 6 points
    in the early years of oil , electricity and transportation in america there were major corruption power grabs & so on by highly esteemed families , iraq will never make all wrongs right that has occured, at some point you take the hit and move the country forward .. made that sound simple huh ... cheers dv
  21. 6 points
    Well if the HCL is indeed done/implemented.....WHAT THE FREAKING HECK IS HOLDING UP THE CIRCUS PARADE NOW ????? 🤡 ( when the Camels 🐪 stroll by I get all excited...monkeys and dancing bears are fun too ).
  22. 6 points
  23. 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."
  24. 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.”
  25. 6 points
  26. 6 points
  27. 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.
  28. 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
  29. 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.
  30. 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.
  31. 5 points
    Iran reveals program to adjust the dollar exchange rate 21:28 - 11/02/2019 Information / follow up Iran's central bank governor Abdel Nasser Hamati announced Monday that there is a plan to adjust the dollar and strengthen the national currency. According to the agency "IRNA" Iranian, and followed by / information / / wrote Monday's Hamati Monday on the official page on the site of the Astigram on the importance of strengthening the national currency and stability of the market and prevent volatility. He also stressed the existence of a plan to adjust the price of the dollar, reassuring everyone that the central bank aims to strengthen the national currency through a plan drawn. End 25 n
  32. 5 points
    i understand its complex with major divisions in most provinces and iraq has huge leadership issues, they will have to open the country to a market economy besides oil or they will continue to struggle everyone knows this imo they are waiting on something or way ahead of whats being released there is no way with nations around the world helping they dont know whats going on ... thanks yota
  33. 5 points
    Its the state of the fallen man, been this way for thousands of years. Jesus is coming back soon so this should be resolved in another thousand years or so. I've created a new thread for this discussion didn't want to kill the mood in Silly Smiles. Yall Be Blessed! .
  34. 5 points
    My bad, I misunderstood you - guess I was in " literal translation mode " Ima knucklehead . . . YUP, so damn ready
  35. 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.
  36. 5 points
    Good morning Artitech. Let me say that I want this to happen. It seems like that we have been at this level of excitement and have seen these positive articles before only to be told later that there is still more to be done. Maybe I'm just being overly cautious. Maybe we are close to the finish line and it's hard to believe (in a good way). I read some of these articles and just see that the information is just talking about meetings taking place resolving differences between two parties that have had issues. Maybe it's part of getting ducks in a row or maybe it has nothing to do with an RV. I hear ports will be open for business so that means the RV has to happen. But there are no articles saying that, just opinions. I may have missed some information as I can't read all the articles and sometimes don't understand everything I read. So that's why I feel the way I feel. No worries though. One way or another I think this ride will be ending soon whether we make money, beak even or lose money. It's iraq. Time will tell. Have a good day.
  37. 5 points
    For people who agree with Breitling's position that lower oil prices will put pressure on Iraq to RV soon, this is good news. A large oil field has been discovered off the coast of South Africa. More oil producers will mean lower prices and this should make Iraq nervous about the future. Go RV!! South Africa Oil Discovery Could Be A Game-Changer By Tsvetana Paraskova - Feb 10, 2019, 10:00 AM CST Join Our Community One of the promising hotspots for oil and gas exploration drilling this year—South Africa’s offshore—has just yielded a massive natural gas and condensate find that could open a new exploration province for oil majors and change the energy fortunes of South Africa. France’s major Total said this week that it had made a significant discovery on the Brulpadda prospects off the southern coast of South Africa. “With this discovery, Total has opened a new world-class gas and oil play and is well positioned to test several follow-on prospects on the same block,” said Kevin McLachlan, Senior Vice President Exploration at Total. According to Total’s chief executive Patrick Pouyanne, the discovery could hold 1 billion barrels of oil equivalent of gas and condensate resources.....
  38. 5 points
  39. 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
  40. 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
  41. 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. "
  42. 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.
  43. 4 points
    10-02-2019 20:35 0 406 The crowd is announcing the closure of three fake headquarters in Baghdad The Directorate of Security of the popular crowd, on Sunday, the closure of three headquarters fake mock the status of the crowd and the arrest of forged rank of Major General Corner, renewed its call to citizens to report any suspicious activity of persons or headquarters to impersonate this status. The Directorate said in a statement received by the news agency N, a copy of it, that "as a continuation of the national campaign to close the phantom headquarters and clean the crowd of those who have the status of closed the Directorate of security of the popular crowd, today, three mock headquarters and arrested a number of defectors, including a person who ranks as a corner brigade. The Directorate added that "the security of the crowd raided on the basis of judicial orders raided the headquarters of the so-called coalition of the hawks of the State of Iraq in the square of the safe in Karrada and found forged papers in the name of the popular crowd, as well as records of the sale of state real estate on behalf of the crowd," indicating that "the second headquarters bears the name of the uprising Shaabaniyah in the eastern section of the door led by Ali al-Hakkari is a popular crowd and holds the rank of brigade commander and possession of many false pagans. She explained that "the third place in the area of Saadoun without a name containing false documents in the name of the crowd and contains alcoholic beverages," stressing "continuing to close all the fictitious headquarters in Baghdad and the provinces, which claim their belonging to the crowd of headquarters and people. "It will strike with an iron fist against anyone who wishes to tamper with the security of the citizen and impersonate an unofficial status that harms the sovereignty of the Iraqi state," the agency said, renewing its call to citizens to "report suspicious activity to persons or premises that impersonate this status." On February 7, 2019, the Public Security Directorate of the Popular Gathering was responsible for the closure of four "fake" buildings in Baghdad.
  44. 4 points
    Kurdistan Halabja province seeks officialdom for border crossings with Iran Kosar Nawzad | An hour ago The international border crossing of Bashmakh on the Kurdistan Region and Iran border. (Photo: Archive) Kurdistan Iraq Halabja Iran Tehran Erbil ERBIL (Kurdistan 24) – The local government in Halabja province is working with their Iranian Kurdish counterparts in the neighboring Kermanshah province to gain official status for two border crossings, a Kurdish official said on Monday. Speaking to Kurdistan 24, Nukhsha Nasih, the mayor of Halabja, said a delegation from Halabja had recently visited Iran to discuss with local officials in Salas-e Babajani, Kermanshah province, a process to formalize the semi-official border crossings of Pshta and Shoshme. During the meeting with Salas-e Babajani mayor, the two sides had also discussed “importing electricity” from Iran, Nasih said, adding that the Iranian side had welcomed the idea. Mayor Nasih’s statement could mark a development in that regard. The trade could begin through the two border crossings after it gains officialdom. The status would be achieved after the Iranian Ministry of Foreign Affairs approves their Iraqi counterpart’s proposal, Nasih explained, adding that Baghdad had recently sent the offer. In early January, an Iranian trade official proposed an idea to export electricity to the Kurdistan Region through Halabja, explaining that there is ample opportunity to “pilot” bilateral trade ties with the region through the neighboring Iranian Kurdish provinces. We “would like to start gas exports to the Kurdistan region through Halabja,” Hassan Danayi-Far, the secretary general of Iran’s economic relations with Iraq and Syria, said. Baghdad has reportedly been working with Tehran to increase cooperation in the area of electricity to address Iraq’s chronically-troubled power industry, especially in the southern provinces. The recent developments come three months after the US imposed its second round of sanctions on Iran, targeting the financial and energy sectors. The Trump administration has repeatedly called on countries around the world to respect the sanctions and warned against breaching them. In late January, British Minister of State for the Middle East and North Africa, Alistair Burt, visited Iraq and said that Baghdad should decrease its economic reliance on Tehran and become more self-sufficient regarding energy. “To expect Iran to have no influence in Iraq is fanciful,” Burt told Reuters. “What is important is that Iraq finds the opportunity to follow its own future in terms of foreign relations and that its economy is strong, and isn’t reliant on Iran.” Editing by Karzan Sulaivany
  45. 4 points
    which should of been on going years ago....the flaring is on such a huge scale, it can been seen from space. its a disgrace such pollution was permitted and condoned by the big western company that drill for the oil in the first place....imo
  46. 4 points
    Might be referring to the agreement passed last week that was sent to Parliament????
  47. 4 points
    Federal Court: Freedom of travel of Iraqis within and outside the country may not be restricted Monday 11 February Alsumaria News / Baghdad The Federal Supreme Court confirmed on Monday the freedom of the Iraqi travel inside and outside the country, pointing out that this freedom can not be restricted by any legislation. "The Supreme Federal Court has many constitutional provisions relating to public freedoms," said Ayas al-Samuk, spokesman for the court, in an interview with Alsumaria News. "The most prominent of these rulings was that the Iraqis have freedom of movement and travel inside and outside the country without any conditions." He pointed out that "the court affirmed at the time that this freedom can not be restricted under any legislation, except for those who have been sentenced to a judicial ruling." He pointed out that "all decisions issued by the Federal Supreme Court are binding and binding on all authorities in accordance with Article 94 of the Constitution." The judiciary sometimes issues a decision to ban the travel of certain characters, and these characters are always required by judicial or investigative reasons for a subject.
  48. 4 points
  49. 4 points
    To be honest I could care less about what people think of me here. The plusses and minuses here are irrelavant to me. I know who my Lord is and I try to please him every moment of the day and I know I can fail miserably sometimes. When I see someone intentionally go out of their way in an attempt to harm someone, I know evil is at its heart and that is when the spiritual battle begins. My prayer is that lost will be found and saved.

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