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SocalDinar

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SocalDinar last won the day on September 23 2015

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About SocalDinar

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    All is well and riding the comet!

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  1. Baghdad-Erbil Reconciliation Reviving Region's Economy - Kurdish Party MOSCOW (Sputnik) - The reconciliation deal reached by Baghdad and Iraqi Kurdistan last fall has helped improve bilateral relations and revive the autonomous region's economy, Hoshawi Babakr, representative of the Kurdistan Democratic Party in Russia, told Sputnik. "After new Iraqi Prime Minister [Adel Abdul Mahdi] was elected [in October 2018], relations between Baghdad and Erbil changed a lot. [Kurdistan Regional Government's Prime Minister Nechirvan] Barzani's trip to Baghdad changed everything after their frank talks. Iraq now allocates a budget to Kurdistan; wages are being paid regularly to officials. This has resuscitated Kurdistan's economy. The agreement between Baghdad and Erbil works well", Babakr said. © REUTERS / RODI SAID Kurdish-led SDF Continue Offensive Against Daesh in Syria's Baghouz (VIDEO) Erbil and Baghdad are now in the process of negotiating the terms pertaining to Iraqi Kurdistan's participation in Iraq's new government, which it is rebuilding itself after years of military conflict with the Daesh* terrorist group. These developments come after bilateral relations significantly deteriorated in 2017, when the region held a referendum in a bid to secede from Iraq. Baghdad declared the referendum illegitimate and launched a military operation in the region, notably capturing the capital of the oil-rich northern province of Kirkuk. Oil Production Babakr also addressed the plans to increase oil production at the Kirkuk oil field up to 600,000 barrels per day (bpd). "We plan oil production in Kirkuk to increase even further, up to 600,000 [bpd]. Back in the day, the norm was 500,000 barrels per day", he said. The official expressed hope that Iraq would receive waivers from the OPEC-non-OPEC deal in order to boost its oil production. "Iraq is OPEC's member and tries to comply with the agreement. But we see that Iran decreases production. Who will take its place? Probably Iraq will be given the opportunity because the country still has to recover its economy, destroyed cities. That's the way I see it", Babakr added. © AFP 2019 / RYAD KRAMDI 'Supply Crisis Is Looming On Horizon' If OPEC+ Makes More Cuts - Energy Expert Last December, the signatories to the oil output cut deal, which has been in force since 2017, agreed to reduce overall production by 1.2 million bpd for six months starting from 2019. OPEC member states pledged to cut their production by 800,000 bpd, while non-OPEC countries agreed to reduce the output by 400,000 bpd. Oil exports from the Kirkuk oil field were disrupted after the Iraqi military carried out an operation in the area and took control of Kirkuk in the fall of 2017 in response to Iraqi Kurdistan's independence referendum. https://sputniknews.com/middleeast/201903211073426593-baghdad-erbil-deal/
  2. Thanks Caz. Not sure why someone negs you for telling it like it is. I gave you an Emerald to even you out..
  3. LOL. I guess if you got the time and the gas money its cool. I pay off my electrical wholesale house i use for one of my business's every month with a credit card . $50,000 + a month on the credit card gets you a lot of skymiles.🙂
  4. Remember that the government can steal your gold. FDR did in 1934 and it took 30 years to reverse his Gold reserve act.
  5. Who the heck is Sam I am? The Dr Seuss character from Green eggs and ham? Hope everyone is doing well.
  6. USA donates $41 million to support World Food Program in Iraq by Abdelhak MamounApr 14, 2016, 10:52 pm Representational file photo. (IraqiNews.com) Baghdad – On Wednesday the World Food Program in Iraq welcomed the US donation of 41 million dollars to provide the essential food aid to more than 1.3 million displaced people in Iraq, while declared that the total donations of the United States to support the program’s operations in Iraq reached about 88 million and 600 thousand dollars since 2014. The United Nations Special Assistance Mission for Iraq (UNAMI) said in a statement received by IraqiNews.com, “The government of the United States has provided a donation of $41 million to deliver the necessary food aid to more than one million and 300 thousand Iraqi displaced people,” pointing out that, “The donation will allow the WFP to provide food to more than one million people for two months and a half, as well as providing food vouchers to 370 thousand people for one month.” The statement added, “The World Food Program will provide immediate food portions to about 140 thousand people for three months.” https://www.iraqinews.com/baghdad-politics/us-donates-41-million-help-world-food-program-iraq/
  7. Gotta love the shiney shiney. Im always amazed at how brilliant it is when it comes out of the ground.The gold i dig up is precambrian so its been in the ground over 541 million years.
  8. First two questions Harvard will ask are Who is your father and how much does he make.
  9. Hello Umbertino, I try to avoid crowds. I dont let it rule my life but always feel uneasy standing in line to enter a sporting event or concert waiting to go through metal detectors. Bad guys know that no one is armed. Also my wife and I conceal carry. My kids both are familiar with and know how to use guns safely. We have several hidden handguns in our home. Stuff happens and best to be prepared
  10. Anti gun people already coming out in numbers. Cant stop crazy. If not a gun they would find another weapon . Very sad day
  11. Iraq’s Top Cleric Joins Game of Thrones Website Admin An hour ago Ostensibly, Iranian President Hassan Rouhani’s visit to Iraq was meant to deepen economic ties between the two neighbors, historically divided by political and sectarian enmities as much as they are connected by geography. The trip was also meant to demonstrate to the U.S. that Tehran and Baghdad would still do business with each other, despite the Trump administration’s sanctions on Iran. None of this was especially remarkable: the Islamic Republic’s influence over Iraq has grown exponentially in recent years, underscored by Iran’s control of Shiite militias that have captured much of the state security apparatus and now loom ever larger on the political stage. No Iraqi government, much less one led by Prime Minister Adel Abdul Mahdi, a weak Shia politician, would dare give a representative of the Iranian regime anything less than an effusive welcome. Only one Iraqi leader could have kept Rouhani at arm’s length: Grand Ayatollah Ali al-Sistani, the country’s most revered cleric. But he didn’t. The audience he gave the Iranian president in the Shia holy city of Najaf says as much about Sistani’s own political adventurism as it does about Iraq’s subservience to Iran. First, a little background. Sistani, now 88, became a Grand Ayatollah—the highest office in the Shia clergy—during the reign of Saddam Hussein. That he survived the dictator, who ordered the assassination of clerics he disliked, is a testament to Sistani’s studious avoidance of politics. His Friday sermons, often delivered by proxies as he himself aged, made little or no reference to the tyrant’s repression of the Shia. After a U.S.-led coalition toppled Saddam in 2003, Sistani was able to comment more openly about the way the country was being ruled, criticizing first the American administrators and then the Iraqi governments that followed. But when politicians, keenly aware of his sway over tens of millions of potential voters, sought his endorsement, Sistani demurred. The most he would do is express indirect support for a coalition of Shia parties. That began to change after the 2014 parliamentary election, which resulted in a hung parliament, followed by frenetic behind-the-scenes jockeying for power by the two-term Prime Minister Nouri al-Maliki and other Shia contenders. A letter from Sistani, calling for the “selection of a new prime minister who has wide national acceptance,” was interpreted as a thumbs-down for Maliki: he was not new, and, having lost control of large parts of the country to ISIS, did not have wide national acceptance. Four years later, the beneficiary of Sistani’s intervention, Prime Minister Haider al-Abadi, would himself fall at the Grand Ayatollah’s command. After another indecisive election, Sistani opined that politicians in power should not retain their offices. Although Abadi had only been in charge for one term, during which he had overseen the recapture of territory from ISIS, he was weakened by discontent over corruption and shortages of water and electricity: Sistani’s decree doomed him. (Sistani is apparently untroubled by the public offices that Abdul Mahdi has previously held, including two cabinet posts and the vice presidency, none of them with any distinction.) Throughout, Sistani remained uninterested in Iraq’s external relations. In 2008, when Mahmoud Ahmadinejad became the first Iranian president to visit postwar Iraq, the Grand Ayatollah turned down requests for an audience. Nor did Sistani meet any American president. He did receive Turkey’s President Recep Tayyip Erdogan in 2011. So why now—and why Rouhani? Grand Ayatollahs tend not to care about quotidian matters such as economic ties, or sanctions. Nor would Sistani feel threatened by Iran’s proxy militias: his personal prestige is so great, they would not dare move against him. One explanation: By welcoming Rouhani, a relatively moderate cleric, Sistani is sending a message to Iran’s Supreme Leader, Ayatollah Ali Khamenei, a hardliner. That would mark the first time that Sistani has sought to meddle in the politics of a neighboring country—and a traditional enemy, to boot. Doing so is uncharacteristically bold. To what end, though? Some analysts reckon a blessing from Sistani, who enjoys a wide following in Iran, will strengthen Rouhani’s hand back home. But this is hard to credit: Iranian hardliners have never placed much store by outside clerics, even one so venerable as Sistani. Their power derives from the likes of Khamenei, and looks set to be extended by Ebrahim Raisi, the cleric who runs Iran’s judiciary and will have the greatest say in who succeeds the Supreme Leader. The other possibility is that Sistani is sending a message to Baghdad—that he is now taking an interest in foreign policy, or at least in Iraqi-Iranian relations. Abdul Mahdi, a reluctant prime minister lacking any political standing, is in no position to object, but many Iraqis will rightly be alarmed. This is especially true of Iraqi Sunnis, many of whom live in fear of the militias backed by the regime Rouhani represents. The wider Arab world will have noticed that Sistani has never extended the courtesy of an audience to any visiting Arab head of state—whether King Abdullah of Jordan, the Emir of Kuwait, or the presidents of Tunisia, Lebanon and Libya. Dabbling in foreign affairs, the Grand Ayatollah may find, can be a lot trickier than domestic politics. http://www.shafaaq.com/en/En_NewsReader/8e872eb4-91a0-4012-8e21-88b4072768bd
  12. Iraq’s Rafidain Bank revamps tech with Oracle Written byHenry Vilar 13th March 2019 EXCLUSIVE. Iraq’s largest bank, Rafidain Bank, is understood to be implementing a suite of new Oracle software. Oracle is on a roll-acle! These include Oracle Flexcube Universal Banking for core banking, Oracle Banking Digital Experience for its digital channels, and Oracle Banking Payments. According to FinTech Futures’ sources, the deal was signed last year. It is understood the new tech will replace Finastra’s Fusionbanking core banking system. Rafidain is a long-standing client of Finastra, formerly Misys. It used its legacy Bankmaster system for many years, and in 2012 signed to upgrade to Fusionbanking. Oracle says “a leading Iraqi bank” has chosen to implement these solutions in its Q2 2019 financial results report, although the name wasn’t revealed. Neither the bank nor Oracle have replied to our comment requests. Earlier this month, Rafidain Bank expressed its readiness to establish branches in Iran, said Secretary General of Iran-Iraq Chamber Hamid Hosseini, according to the Tehran Times. Recently, FinTech Futures reported that Banco Votorantim in Brazil, Ghazanfar Bank in Afghanistan, Prince Bank in Cambodia, and FEDinvest in Albania were implementing Oracle FSS’s Flexcube core banking system. https://www.bankingtech.com/2019/03/iraqs-rafidain-bank-revamps-tech-with-oracle/
  13. CBI sells $131m in daily auction by Ibrahim KhalilMar 9, 2011, 1:14 pm 31 SHARES ShareTweetRedditE-mail BAGHDAD / IraqiNews.com: The Central Bank of Iraq (CBI) sales on Wednesday registered $131.114 million, compared to the previous session’s $156.410 million, at an exchange rate of 1170 Iraqi dinars per dollar. “The demand hit $1.389 million in cash, covered at an exchange rate of 1,183 Iraqi dinars per dollar, and $129.725 million in foreign transfers outside the country, covered at an exchange rate of 1,183 Iraqi dinars per dollar,” according to a CBI news bulletin received by IraqiNews.com news agency. None of the 17 banks that participated in today’s session offered to sell dollars. The Central Bank of Iraq runs a daily auction from Sunday to Thursday. AmR (TP) 744 https://www.iraqinews.com/business-iraqi-dinar/cbi-sells-131m-in-daily-auction/
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