profitmizer

Bring it on home.

Awesome... Way to go Yota.... Thanks for all you do....

Does anyone remember this guy? Bagdad Bob.... Classic example of Iraq.... Great at spinning to suit their own stories....

So how does everyone interpret this? "Deputy reveal efforts to accelerate oil and gas law passed in Parliament" "was not adopted until now because the previous differences between the territory and the Centre," Does this look as if this is already passed? Ready for implementation? Thoughts???

Great idea.... maybe we should impliment it here in U.S. as well....

It is so hot and dry here in Texas, now the dairy cows are producing "Powdered Milk" .... :lol:

Who says owning IQD isn't worth anything? Entertaining, informative..... more popcorn!

Thank you PVS and Thanks to you Adam for all you do.

Thank ya Sir Robo!

Here is an executive summary for the link.... Shortened to a few pages..... Much easier to read and comprehend... Thanks http://www.iraq-businessnews.com/wp-content/uploads/2011/02/UN-Exec-Summary-Iraq-Briefing-Book-Jan-2011.pdf

What an awesome idea PVS, EE, and Lady EE.... Adam, Thank you for everything. Dinar Vets New Dinar Chat We in Texas really appreciated Everything you do and are doing for us. Blessings to you! Profitmizer

Nicely put DK

General Budget Law of the Federal Republic of Iraq for the financial year / 2011 الأحد 20 شباط 2011 Sunday February 20, 2011 Here is a copy of the budget: Continued: http://translate.google.com/translate?hl=en&tl=en&u=http://www.shatnews.com/index.php%3Fshow%3Dnews%26action%3Darticle%26id%3D858&rurl=translate.google.com&twu=1

Parliament speaker insists on timely submission of federal budget in future Posted: February 19, 2011 by THE CURRENCY NEWSHOUND - Just Hopin in Iraqi Dinar/Politics Tags: Baghdad, Economy of Iraq, Invasion of Kuwait, Iraq, Iraqi people, kuwait, middle east, prime minister 0 Baghdad, Feb. 19 (AKnews) Parliament Speaker Osama al-Nujaifi said on Saturday that parliament will no longer accept the late submission of the final accounts of the federal budget by the government and its ministries. Osama al-Nujaifi told AKnews that the final accounts of the Federal budget are always late as they were this year and although there are always reasons behind the delay, the handling of the budget requires stricter time management in the future. “The accounts should be submitted early because the ratification of the budget requires integrated financial audit accounts with reports from the fiscal supervising committee to determine the year’s spending,” he said. “We need to develop future strategies for the growing economy to serve national interests,” he continued, “…the Iraqi economy should not be weak”. Nujaifi said that the form of the current budget which is 70% operational and 30% investment need to change in the coming years to reflect parliament’s conviction that a switch in policy to a more stable mode is necessary to serve the interests of the Iraqi people. “There is a consensus in parliament on the need to reduce the salaries of state executives,” he said, announcing a move to “reduce the salaries significantly to close the disproportionate gap between the salaries of the higher grades and the general public.” On the question of compensation payments to Kuwait subtracted from each year’s federal budget, Nujaifi said that the government will make a serious effort to renegotiate the agreement with the neighboring state. “The Prime Minister visited Kuwait two days ago and discussed a lot of things to improve bilateral relations including border issues and the compensation debt,” he said, indicating that “the prime minister and parliament will visit Kuwait next month to sign a new agreement.” Currently 5% of Iraq’s oil export profits are paid to Kuwait as part of a compensation package drafted by the UN in 1992 following the 1990 Iraqi invasion of Kuwait under the former regime. Nujaifi explained that Iraq has paid $31bn in compensation to Kuwait so far leaving an outstanding debt of $22bn. This years 5% oil export payment amounts to $5.23bn which, according to Nujaifi, “puts pressure on Iraq’s federal budget each year”. The parliament speaker went on to suggest that a new agreement could be reached in the light of the “positive atmosphere” in Iraqi-Kuwaiti relations. http://www.aknews.com/en/aknews/2/219356/

Nicely put Sunglass....... nicely put!

As always Thank You Scooter. You are great at helping make a little sense out of all this. Blessings to you Sir!

Just like stimulus, the whole story is based on the assumption that everyone will spend the money exactly as laid out.

Rule #1 Buy low sell high. That is all he is doing. He is a businessman. Following economics 101

Iraq: 2011 Amended Budget Posted: January 16, 2011 by CURRENCY NEWSHOUND - Just Hopin in Iraqi Dinar/Politics Tags: Cost, Council of Ministers (Bolivia), Federal Ministry of Finance, Fiscal year, Government, International Monetary Fund, Iraq, United States federal budget 0 The full text of the draft amended: Amended text of the draft General Budget Law of the Federal Republic of Iraq for the Financial Year 2011 Council of Ministers Resolution No. (16) for the year 2011. And build on what has been agreed upon during the meeting of the Council of Ministers, and introduced by the Ministry of Finance under her a number (95) and of 12 of the month of January. Cabinet decided in its meeting held on the fourth regular 01.11.2011 as follows: Approval of the draft General Budget Law of the Federal Republic of Iraq for the Financial Year 2011, as amended by the final, after you add the cost of speculative to host the next Arab Summit in Baghdad and to allocate it to the House of Representatives based on the provisions of Article (61 item I) of the Constitution. General Budget Law of the Federal Republic of Iraq for the Financial Year 2011 Read more: http://newdinarchat.com/forums/showthread.php?t=2853

PVS I know you know we are praying for you and your family during this time. You are much loved and appreciated, and hope your days are filled with great memories of your Dad. Blessings and prayers upon you. PM

Iraq's 2011 budget bill back to govt for amendment due to disputes Wednesday, December 29th 2010 1:19 PM Baghdad, Dec. 29 (AKnews) - Iraq's 2011 budget bill will be returned to government for modifications before being passed to the Iraqi parliament for the first reading in January, a Kurdish MP said. Iraqi Parliament, Parlamani Iraq The Kurds objected to the draft budget because it did not clearly contain provisions for the budgets of the Kurdish forces known as Peshmarga, and the regional government were not satisfied with their share of the budget. "There is an agreement between the Kurdistan Regional Government (KRG) and the Prime Minister Nouri al-Maliki to amend the current budget," said Mahmoud Othman. Peshmarga, or the Kurdistan Regional Guards, are recognized in the Iraqi constitution as regular forces. The dispute over the Peshmarga forces is who would pay them, the Iraqi government of the regional government? The Kurds insist that the Peshmarga forces, being regular Iraqi forces, have to be paid by the Iraqi government, Baghdad in turn want them be paid by the Kurdish region from their 17 percent in the Iraqi budget. Another issue is that the Iraqi government has included in the budget a provision binding the KRG to export 150,000 bpd or it would be cut from the 17 percent of the region's budget share accordingly. KBC MPs boycotted a parliament session on Nov. 18 protesting the budget bill that commits the region to the 150,000 bpd export. Baghdad says based on such an agreement - 150,000 bpd of oil exports from Kurdistan - it will agree to pay the shares of the oil companies operating in Kurdistan which was one of the hanging issues between the central and regional governments. The Iraqi government's binding condition stems from, according to Iraqi officials, a statement last month by the KRG Minister of Natural Resource Ashti Hawarmi who said Kurdistan could export 200,000 bdp. Reported by Abdullah Shames Rn/Ry/AKnews http://www.aknews.com/en/aknews/2/206445/

Linda, Our prayers are with you.... Hope you get well soon.

http://www.aknews.com/en/aknews/2/205765/ Egypt announces full support for Iraqi economy Sunday, December 26th 2010 8:51 PM Cairo, Dec. 26 (AKnews) - The Advisor of the Trade and Industry Minister confirmed on Sunday his country's full support to the Iraqi economy, particularly the coming period that will witness meetings and frequent visits of businessmen and Egyptian officials to Iraq as a part of expanding cooperation, trade exchange, reconstruction and economic development in order to bring the country back to normal. Advisor to the Minister of TradeDr. Sayed Boles told AKnews on the sidelines of the Technical Committee meeting concerned in studying unified basic regulations of Arab specialized organizations in Cairo, that after the formation of the Iraqi government, Iraq will witness a lot of stability which will help the return of economic activity in the country to its normal situation, especially increasing the volume of trade exchange with Egypt and other Arab countries. Boles noted that the technical committee meeting aims to "unify the systems that are working in the Arab labor organizations, both in terms of administrative and financial sides and discussed the differences between the regimes in these organizations and the regulations in force in the Arab League." "We discussed the issues that have differences and ways of bringing them closer together in order to have a system that applies both in the Arab League or the working Arab organizations in Arab countries." Stressing that he “a number of recommendations that had been reached will be submitted to the common Higher Arab Coordinating Committee. Reported by Sarah Ali SA/GS AKnews

http://www.alsumaria.tv/en/Iraq-News/1-57982-Al-Maliki-sets-Iraq-government-priorities.html Al Maliki sets Iraq government priorities Friday, December 24, 2010 12:06 GMT Iraqi Prime Minister Nuri Al Maliki described the mission of the new government as major. Al Maliki set five priorities for his government namely security, Finances, Oil, Electricity and foreign relations. Iraqi PM demanded a work plan from each minister on the priorities above.