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Articles 12-20-2014


Butifldrm
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One of the oil fields in the province of Basra
Abadi economic adviser likely not to fall in oil prices below $ 55-60 rate and the possibility of a future rise

 

Author: BS, ZJ 
Editor: BK, BS 12/19/2014 twelve tworeadings number: 328 

 

 

 

Long-Presse / Baghdad

Stressed the economic advisor to the Prime Minister, Haider al-Abadi, on Friday, that Iraq is losing more than a billion dollars a year with each drop of $ single in the price of a barrel of oil, which issued, while the predicted price is not less than 55. The rate of $ 60 a barrel, most likely possibility rise and decline of the future role of the oil-producing companies from non-traditional sources.

The US crude and Brent crude prices have jumped simple unrealized gains after data showed a drop in US crude inventories last week, as US crude futures rose for delivery in the earliest maturity of 54 cents at the settlement, or one percent, to $ 56.47.

Economic Adviser to the Prime Minister, the appearance of Mohammed Saleh, said in an interview and said to (the long-Presse), said that "any rise in global oil prices to serve Iraq as reducing the proportion of the deficit in the budget," noting that "the decline in those prices hurt Iraq and exacerbate the budget deficit , especially since the economy depends 95 percent on oil imports. "

Saleh added that "the decline in the price of a barrel of oil dollars and one leads to the loss of Iraq more than a billion dollars over the course of one year, while the rise equally, adds to the treasury billion and $ 200 million or more per year," noting that "the rise today in the price of a barrel Oil is important and gives a positive signal for improvement in global markets. "

 

Saleh continued, that "Iraq and Saudi Arabia and the Gulf states and Iran, the oil extracted from the traditional natural resources, and that the cost of producing a barrel of it up to an average of less than five dollars."

 

Economic Adviser to the Prime Minister, "The companies that produce oil from unconventional sources, such as oil sand and stone oil and others, suffered heavy losses when the falling global oil price, because the revenues no longer cover production costs, up to $ 67 per barrel and before, which may pay it on the market, "increased from here," America, China and other big consuming countries began, trying to rebuild their stocks, which generates plus oil, which could mean a request to start a new cycle of rising oil prices. "

He continued, "The shares of oil companies that extract oil in unconventional ways began to crumble and large losses Mmighebrha to borrow from the international market and may enter this world in a new financial crisis."

Saleh asserted the necessity of "no dumping of optimism about the possibility of rising global oil prices, but as long as they have moved up, the get off the bottom will not exceed sixty or $ 55 per barrel," and expressed hope that "the current wave the end of the fall in oil prices stage, and stability when current rates with the possibility of a future rise and decline of the role of the oil-producing companies from non-traditional sources. "

It is noteworthy that the price of oil fell more than a hundred dollars in the middle of the current year, 2014, to less than $ sixty now, especially after that overshadowed the increase in oil shale production of high-quality light, in North America on demand.

The Prime Minister, Haider al-Abadi, revealed in (the twentieth of October 2014), during a press conference after a meeting with religious Shiite, Ali al-Sistani, in Najaf and attended (the long-Presse), to discuss the issue of the budget three times, and we will work to provide balancing the advancing military spending as a fait accompli, noting that the budget in 2015, will be based on the 2014 current budget, due to the presence of the same problems, of oil from Kirkuk and stopped completely, as well as lower world prices, and expectations about to fall over, for this, the Council of Ministers decided to austerity.

The Iraqi Oil Ministry approved in (18 October 2014), the government has not yet determined the price of a barrel of crude to be adopted as a basis for the preparation of the budget next in 2015, indicating that efforts are currently ongoing in coordination with OPEC members, to determine the estimated taking into account the challenges and price fluctuations and global spare national economy, any negative impact, while experts called to the need to find alternatives to support the local economy and the adoption of the austerity policy and an end to disputes with the Kurdistan region of re-exports from the northern fields.

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Cabinet
Unlike on external borrowing by $ 5 billion and the central insists on spending cuts before heading to the World Bank

 

Author: 
Editor: 19/12/2014 18:03 Number of Views: 624 

 

 

 

Long-Presse / Baghdad

Parliamentary Finance Committee revealed on Friday that the dispute over the direction of foreign borrowing continues to fall in oil prices was behind the postponement of a special meeting was scheduled for Thursday evening to discuss the budget.

The members of the Committee on the government's intention to borrow $ 5 billion from the International Monetary Fund, the central bank pressed further "retrenchment" before heading for external borrowing.

The Minister of State Saman Abdullah revealed the "long", last Wednesday, the intention of the Council of Ministers held an extraordinary session on Thursday evening to discuss the federal budget, and talked about the government directed to send the budget to Parliament before the end of this month.

In this context, says Ahmed Rashid flesh, Rapporteur of the Parliamentary Finance Committee, said that "the Council of Ministers postponed its planned special session Thursday to Monday and will be devoted to the discussion of the budget in 2015," attributing it to "the continued volatility in global oil prices and the rise in the deficit ratio to 36 trillion dinars."

The MP added Rashid, in an interview for the "long", that "the government has conducted four amendments to the draft general budget," pointing out that "public expenditures amounted to in the last draft of 148.274 trillion dinars."

Explains a member of the parliamentary finance that "the total volume for operating expenses amounted to 103.370 trillion while capital expenditures amounted to 44.904 trillion while the budget deficit reached 36.428 trillion dinars."

Reveals Kurdish MP for "government's intentions to address the large proportion of the deficit, due to lower oil prices, through the use of internal and external borrowing, as well as increased oil production associated with reduced overhead."

Attention MP Ahmed Rashid that "oil revenues in the budget of 2015 is estimated B98.311 trillion dinars, while non-oil revenues are estimated B13.535 trillion dinars and come this revenue from currency management tax, selling and renting real estate state and religious tourism, and profits of public companies Kalmsafa and some laboratories and companies Winning self-financing. "

The member of the Finance Committee in the House of Representatives that "Iraqi oil is sold, during the last few hours, dollars with 53 per barrel," stressing that this level of prices, "one of the real reasons that prompted the government to not to discuss the budget on Thursday, adding to the pressures of the Central Bank Iraq's need to address the deficit before resorting to external borrowing. "

Explains MP Rashid that "the International Monetary Fund, which the federal government intends to borrow from him, he has the conditions for lending to states not to exceed the budget deficit in the country ceiling of 15 trillion dinars," pointing out that "the Iraqi government plans to borrow $ 5 billion from the International Monetary Fund."

And on the final accounts for the financial year 2014, says MP "on the Ministry of Finance set up these accounts on the expenditure, government expenditure and submitted to the House of Representatives after the adoption of the general budget," MP strongly denied "Parliament received the final accounts for the years 2012, 2013 and 2014".

In the same context, Jabbar Abdul Khaliq, the other member of the Parliamentary Finance Committee asserts, that "the government is moving toward retrenchment to address the projected deficit that accompanied the decline in world oil prices."

The Committee on Parliamentary Energy confirmed the "long", earlier this month, and the presence of multiple government measures to avoid any potential drop in oil prices to under $ 50.

The Commission did not rule out, then, asylum cash reserves at the central bank or borrow from private banks.She described a decline in prices to around $ 40 as a "global catastrophe."

MP says Jabbar Abdul Khaliq, "long", "The draft budget, which was discussed by the government a month before the project was containing a hundred thousand degrees and careers of 50% to the Ministry of Defence exclusively, and the remainder to the Ministries of Health, Interior, and the rest of the provinces," and felt that " lowering of grades or increase depends on the government amendments. "

He added that "it is expected to fill the budget is to increase oil exports to overcome the drop in oil prices deficit processors," likely to "oil export capacity up by about 3.3

 million barrels a day."

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Next Monday as the date for the convening of the conference to discuss the financial budget problems

20/12/2014 11:59 | Number of Views: 8

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Tttthbgdad / Source News / .. announced the Parliamentary Finance Committee, it will be held financial conference, which will be organized by the federal government on Monday, to discuss the financial situation and the problems of the general budget.

 

The committee member said Abdul Qader Mohammed valuable statement followed the Agency / Source News / The Cabinet extraordinary session will be held next Monday to discuss the federal budget and the possibility of being sent to the House of Representatives.

 

He stressed: that the deficit ratio is still high, amounting to 37 trillion dinars, and that the government is trying to address the deficit and the decline in world oil prices after adjusting the budget for four consecutive times.

 

Mohammed said: that the financial conference will give feedback to the government on the budget and financial situation through the participation of financial experts and economists Iraqis in it.

Finished / 19 b

http://l-news.net/index.php/economy/66111.html


 
Parliamentary Finance: superiority of the operating budget ratio of investment to double the state's performance index

20/12/2014 10:33 | Number of Views: 375

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BAGHDAD / Source News / Mark parliamentary finance committee member Abdul Qader Omar today that exceed the operating budget rate on the investment performance of the weakness of the state and the inability of government institutions to develop and exploit their resources investment index as is the case in many developed countries.

 

He said the Attorney statement / Source News / The growing operating budget allocations contributed to the rampant corruption and circumvent the doors disbursed by some officials, hoping that the new government will succeed in trapping forms of corruption in state institutions, wishing to go to reduce the operational assignments as much as possible.

 

Did not fail a member of the Parliamentary Finance Committee to pay tribute to the communion and positive cooperation between the government of al-Abadi and the Finance Committee in Parliament for what promises to correct the path of the Iraqi budget.

http://l-news.net/index.php/economy/66096.html


 
Basra Council seeks to activate the decision required oil companies to appoint people of the province

20/12/2014 11:56 | Number of Views: 588

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Basra / Source News / .. The president of the Basra Governorate Council Albzona good morning, Saturday, as the pursuit of the local government to activate the resolution, which is required oil companies operating in the province to appoint people of the province to the cadre.

 

He Albzona in a press statement that "The Council discussed the mechanism requiring oil companies operating in Basra to appoint people of the province to the cadre, train and develop their abilities," adding that "there is already a decision requiring those companies to give priority to work for the people of the areas that operate within the geographical turf."

 

He added that "Basra endured a lot of risk because of the wrong way of extracting oil, which led to the spread of cancer diseases, and should be on the people of the province of these companies set."Finished / 19 Q

http://l-news.net/index.php/economy/66110.html


Miss char Abadi: Saudi Arabia flooded the market with excess oil what would cause disruption for OPEC

20/12/2014 10:13 | Hits: 4702

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Follow-up/source news/the Adviser the economic Prime Minister confirmed the appearance of Mohammed Saleh today that OPEC has agreed to reduce the quantities and production to about 30 million barrels and especially Saudi Arabia is the largest exporter of oil and the reduction of the KSA has political reasons may be driven from other States

 

He told his disciple/source news/there is a grand old companies that produce oil of Saudi Arabia and others as well as conflicts among oil companies that produce oil and other fuel oil South and this causes conflicts and upset with the price of oil and we left no deficit and no surplus countries ".

 

The official said no one asked the Government programme consists of six basic points for security and defense and five other points related to the market economy and the restructuring of government institutions and the fight against corruption and the latter by several complex points and we want to work with them for the purpose of meeting them and not just mere words. "

 

 

 

 

 

Talabani's party is the edited Peshmerga Daash floor of the application of Article 140

Date: 12/20/2014 14:38

 

information / Baghdad / .. 
counting the Patriotic Union of Kurdistan (PUK) led by former President Jalal Talabani that the edited Peshmerga forces from the territory of terrorists Daash have prepared the ground for the application of Article 140 of the Constitution "for the normalization of the situation in the disputed areas. 
A statement by the Patriotic Union of Kurdistan (PUK) received Agency / information / copy of "The Daash is wrapped to understand, and having created a crisis for the draft federal Iraq and deepen the political and social problems in Iraq and the region, and they put their plans to undermine the federal democratic political process in Iraq and Kurdistan, to be able to dominate the region, particularly in Iraq and south Kurdistan and also Syria and Western Kurdistan. " 
"When I was a strong thorn in Syria, moved to Iraq, and achieved victories unexpected in the provinces of Nineveh, Anbar and Salah al-Din and some other areas, and it was for these victories, signed and its impact on the course for the tragedy of Sinjar." 
The statement pointed out that " Aldoaash savages may have crossed in Sinjar areas Shiite and Christian boundaries of brutality, and re Bouhhithm face criminals history, and managed within three months of skipping the crimes committed by criminals through the decades. " 
He noted that the "Patriotic Union of Kurdistan have been warned for years of those forces and risks Salafist Mass murder, as fought Bdharoah In areas Halabja and when we put the power of random killing like Daash south of Kurdistan borders to confront threats we drew attention early in south Kurdistan to the gravity of this policy and these threats We stressed the need to change the Defense policy to liberation campaigns policy, for it was not spare no effort in the struggle and sacrifices. " 
And that, "As a result of policy of military attack and support us from the world and the region, check Fortunately a very large victory in the provinces of Diyala, Kirkuk and parts of drunken and some important places of Nineveh," adding that "At the same time the Peshmerga itself forces prepared under the supervision of the region's president for large-scale offensive, to edit Chenkal and its environs from those savages. " 

 

He said the Patriotic Union of Kurdistan (PUK) statement "was a national responsibility lies with us for the Liberation of Sinjar, at this time, because the occupation and injustice inflicted Balaesidean after the tragedies of the Anfal and Halabja, was Mngsa the minds of our people, did not to heal those wounds Almtkhna only editing Chenkal and rescue the prisoners and cropping of the blood of the martyrs and the oppressed in the region. " 
"I have the Peshmerga forces three days ago in cooperation with the Air Force of the International Alliance super champion, began operations edit Mount Chenkal and surrounding villages and towns, they returned them" as a cause For Pride, pride, that the Peshmerga forces achieved a major victory in Tahrir attack, and inflict Aldoaash arrogant big setback, this will be the beginning of victory strategic to liberate the rest of Kurdistan, especially the Kurdish areas outside the region, in the provinces of Kirkuk, Nineveh and Salahuddin.. " 
He added that "another risk exclusion from Diyala province, especially the pan Khanaqin will have a significant military effect to weaken Daash capabilities in Iraq and western Kurdistan. " 
The statement stressed that the "liberation of Sinjar other Kurdish areas outside the region under Article 140, is not only the liberation of the people and the land from the clutches of a savage enemy, such as Daash, but proof of the fact that the disputed her areas relationships membership limits south of Kurdistan, and that the fate determines the fate of the failure and the victory of the people of Kurdistan, so when it is the occupation of Chenkal and Jalawla and Saadia and Solomon and your drunken, Arabs chauvinists Mulls more in considering the provincial government and the Patriotic Union of Kurdistan Democratic Party remiss. " 
 He pointed out that "Peshmerga Kurdish forces while making now the honor of editing these areas and rescued hope that these facts have created a historic ground fixed on in the mind and conscience of all parties to the application of Article 140 on the ground, and may not be again the ground situation and the people who liberated the blood of the Peshmerga and martyrs, hostage justification is feasible to restore those areas to the mother of Kurdistan. " 

He congratulated the political bureau of the Patriotic Union of Kurdistan (PUK), "president of the region and the Kurdistan Regional Government and the Peshmerga forces to achieve these victories over enemies obscurantist, and we are waiting for editing the last inch in those areas," adding that he "On this historic occasion, we salute the martyrs of Kurdistan and stress [O martyrs who will remain your names Khaleda] The witness Cyprkm parents of girls and women Yezidis fever, and make the glories of the Peshmerga pillar of the new phase of contemporary Alkrdaeta." 
As the Patriotic Union of Kurdistan (PUK) here, "the people of Kurdistan this victory, but not Bushra victory on the doors west of Kurdistan and the Peshmerga fighters in Kobanî and western Kurdistan, Greetings to you one by one, my commanders and officers and peshmerga who gave their lives for the Kurds and Kurdistan Freedom ".anthy / 25 j

 

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This article was pointed out to me by a close friend.  It shows the importance of the CBI maintaining the IMF requirement of the 2% spread between the IQD and the Dollar.  Notice the Market price of the Dollar went up to 1199 on December 18th. We will have to see if the CBI will be able to bring the price back down to within that 2% spread when they report again tomorrow.  http://www.cbi.iq/documents/CBI_FOREIGN_EXCHANGE_AUCTIONS.pdf  

 

 

The appearance of Mohammed's Zora: rising dollar exchange rate against the dinar because of the temporary market speculation       News - News Front

Zora / Duraid Salman: 
The president of the Minister for Economic Affairs Adviser appearance of Mohammed Saleh, on Friday, that the rise of the dollar exchange rate against the dinar during the past two days, a temporary phenomenon, attributing the cause to market speculation, as he emphasized that the central bank has a great ability to get things back to normal within a few hours, especially since the dollar amount shown superiority Altalb.oukal Saleh told (Zora), yesterday: The rise of the dollar exchange rate against the dinar during the past two days the phenomenon of temporary and caused by market speculation, pointing out that the dollar is displayed in many market, offset by the economic recession and deflation For Because of the deterioration of economic activity and the war with terrorism, as well as the deterioration of oil prices. Saleh added: that the central bank auction sells daily large amounts ranging between 150-200 million dollars, which means that the dollar will display more demand for it, so the rise in the dollar's exchange rate against the dinar, is a speculation and temporary market, will end as soon as the influential . He stressed: that the central bank is able to deal with this phenomenon as the body responsible for formulating and implementing monetary policy and control, and if it was found to cause an imbalance in the economic system will intervene and bring the matter to redress within a few hours, and he has this capability. Saleh noted that the available width of the dollar enough to keep the dinar of deterioration within a day or two, but the speculators Atakazhon anything to make profits, stressing that what is said of the reasons of rising exchange rate is the truth, rumors are incorrect. 
He also called for the central bank to manage the need to clarify procedures and confirm its strength and its ability to maintain currency stability. It is noteworthy that the dollar exchange rate against the dinar has witnessed during the past two days increased significantly, with skip Al122 thousand dinars per $ 100, amid warnings from the owners of banking offices from a height of more, as some of those offices have decided to sell the currency is limited to citizens, Aazin reason to increase complications central bank action to sell the dollar.

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Efforts to activate the strengths of the Iraqi economy

 

 

         


12/20/2014 0:00 
 

 BAGHDAD thank Fatlawi 
 between an economist that the economic situation of the Iraqi current when many points possible to adopt and utilize them power through the start of economic construction and development and change, and the revival of the industrial sector and diversify the productive base of the economy. Success Factors said industrial development consultant and investment Amer Jeweler in his "morning "The decision-makers have put the hand on what should be done and identified the strengths of what should be changed in the economic process accompanied by their many strategies and all sectors, pointing to the need to translate these plans and strategies on the ground through the economic management of the state and achieve successes the fact that the success factors is available on the extent as saying. consultative promised those reservoirs side Shining in the Iraqi economy, to coincide with the next economic government program, referring to the immediate direct the formation of a solid, efficient, professional and relevant national affiliation in each sector teams for the purpose of activating these programs and strategies and the development of discreet base of the national economy need. Three strategies Jeweler and pointed out that there are three important strategies to be worked on at the present time to get out of the crisis in the forefront of strategic energy and strategic industrial and strategic development of the private sector, stressing possible activated as soon as the issuance of a decision of the Committee on Economic Affairs and then form a working group to implement them. He concluded by referring to the need to start working and find a legal way out of this without clinging to the legislation and amend the laws but to begin the powers available to benefit from some of the items such as the law department of opinion and the law of boards of directors and the formation of a crisis team in each ministry to be done to help the concerned minister in the government program and thus the introduction of a new spirit to the work of the repercussions of interest to the country's economy and the development of reality and identify the challenges that hinder the movement.

http://www.alsabaah.iq/ArticleShow.aspx?ID=82843


Economist: the face of the fiscal deficit starts to cancel deputations and allocations for Graduate Degrees

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 BAGHDAD - Iraq Press - December 20 / December: in the footsteps of his predecessors in the absence of a reference to the need to recover the money that was embezzled and stolen from the general budget by senior officials as the successive governments out financial and administrative corruption programmed amounted to tens of billions of dollars, said  economist On behalf of Antoine beautiful,   it was "necessary to rely on several essential for the advancement of economic reality and face in the 2015 budget deficit, which work to reduce expenses, which begins the upper grades and deputations and travel allowances and the purchase of furniture and cars and all that would be a counterweight to the financial budget ".

 

 He beautiful  "The other point is to reduce the existing budget and the search for investment and reliance on the private sector strongly deficit through the provision of facilities of its capital and others, as well as it has to be that there will be economic growth  commensurate with the population growth. "

 

And increased economic expert saying that he "can also work to increase the revenue which has shrunk because of the high and low oil prices and the alternative to this process is to increase oil production from local governments, which would work on the provisions of part of the decline occurred in the financial budget." Admiral ended 

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Scandal-caliber .. shipment of smuggled Russian weapons by the Iraqi Ministry of Defense

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Baghdad-Iraq-Presse -20 December: detonated parliamentary security and defense committee, said Saturday, scandal-caliber when he declared, "The arms shipment Russian (40 tons), which was on board the plane landed at Baghdad airport, last month, was Dedicated Iraqi Ministry of Defense. "

 

The committee member said Majid Ghraoui in a press statement, said that "an officer in the Ministry of Defence said the committee formed to investigate the case that the shipment of arms belonging to the Ministry of Defence, but arrived too late."

This comes after 48 hours on the announcement by the Minister of Defense Khalid al-Obeidi, for "the involvement of dealers with dual citizenship, in the case of the consignment"

He described al-Obeidi said in a statement last Thursday, Russian plane issue as "a weapon smuggling."

 

Ghraoui said, "The ministry entered into a contract with one of the dealers to provide them with weapons, but that the shipment arrived in the ministry late and not set the timing," he said, adding that "the investigation into the case is still ongoing and will resume early in the second legislative term to reach a definitive results."

 

The announcement of the results of the investigation itself imposes several questions about the reasons that the ministry has called for not informing the Iraqi government Avaidah charge her.

As is well known, the fifth month of November last year witnessed a decline in Russian plane loaded with 40 tons of weapons that described Palmerbh.

And there were many of the case scenarios, where I learned / Iraq Press / from reliable sources at the Baghdad airport, at that time, that the prime minister Haider al-Abadi ordered the detention of Russian plane loaded with 40 tons of medium and light weapons and the opening of an extensive investigation with the crew to know the circumstances of the incident.

 

The sources said that "the intelligence thwarted coordination of the Civil Aviation Authority and officials at the Baghdad airport, an attempt to introduce 40 tons of medium and light weapons into Iraqi territory across the Russian plane," pointing out that "the plane and after that Sulaimaniya airport refused landing headed to Baghdad airport and landed to provide fuel, and there is the prime minister Haider al-Abadi booked and subject to open an investigation. "

In a striking development described Iraqi politicians charge that it was smuggled to the benefit of the organization "Daash."

Perhaps the toughest question the government will be directed to the Defence Minister Khaled al-Obeidi: "Who are the traders involved the arms deal, which turned out to be in favor of the Department of Defense?". Ended (1)

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Political

السبت 20 ديسمبر 2014 | 02:10 مساء
| Number of Views: 209
Law held a meeting in the presence of al-Abadi and al-Maliki to discuss the implications of Arbil conference

 

BAGHDAD / .. MP for the coalition of state law honest frankincense, Saturday, that the coalition held a meeting yesterday in the presence of Prime Minister Haider al-Abadi and Vice President Nuri al-Maliki, adding that the meeting discussed the Arbil conference and the findings of the conference.

The gum's "Eye Iraq News", "a coalition of state law contract, yesterday evening, a regular meeting in the presence of Prime Minister Haider al-Abadi and Vice President Nuri al-Maliki," noting that "the meeting discussed the main developments on the political and security arena in the country."

"The meeting discussed the implications of the findings of the Arbil conference yesterday," pointing out that "the coalition came out a clear vision for the conference."

The State of Law coalition, announced on Friday, severe rejection as stated in the final statement of the conference, "the fight against terrorism and extremism militias", which was held yesterday in Erbil, and in what was considered to hold such a conference "defiance" of the Constitution and the fundamentals of the political process, he expressed his conviction to attend "agitators sectarianism" to the conference. Ended 2

http://aynaliraqnews.com/index.php?aa=news&id22=27285


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Maliki denies contact with Barzani before the attack Aldaasha

 

 

         


12/20/2014 0:00 

 BAGHDAD - morning  
denied Vice President Nuri al-Maliki, received a telephone call from the President of Kurdistan, Massoud Barzani, before "Daash" guerrilla attack on the city of Mosul, on the tenth of June, in what was considered that the stakeholders in the region, carried out a policy of "procrastination" with the leadership of operations Mosul, which was trying to joint efforts by coordinating with the Peshmerga to confront the terrorists. 
The President of Kurdistan, Massoud Barzani, revealed in an interview with "Arab" published last Wednesday, that he had telephoned the former Iraqi Prime Minister Nuri al-Maliki before the fall of Mosul, and warned of a "Daash" setting up camps in the western regions of Mosul and the border with Syria, in preparation for the invasion of the northern provinces. 
In response to the matter, al-Maliki's office said in a statement received "morning", a copy of it: "In a time when our armed forces, written in terms of the army and federal police and fighters of the popular crowd epics heroic in addressing Supervisor gangs terrorist Daash and its allies from the Baathists and Nakecbandian, called Barzani's statements and positions to say the least it's practical to mix securities to mislead public opinion inside and outside Iraq, "as he put it. 
He added that "Barzani's latest remarks, confirming that he was possessed certain information do Daash to establish military bases in western Mosul, and he had told al-Maliki that information and warned of great danger and that he had proposed the implementation of a joint army and the Peshmerga military operation ", commenting on these statements as" raises more than a question mark on the timing and hidden targets behind it, "Maliki's office" .onvy categorically "received a phone call from Barzani before and during Daash attack on Mosul, also denied also strongly be Barzani has proposed the implementation of a joint military operation between the army and the Peshmerga against Daash. 
He continued that "Iraqis remember the repeated warnings had been issued for al-Maliki of providing safe havens and the operations room in the province of Arbil to former regime and wanted by the Iraqi judiciary, terrorists and how Arbil turned into a political platform to launch a hostile statements of the political process and the forces and security stirring sectarian strife and for the government, which was attended by the Kurds and representatives of Barzani, the latest conference sectarian led condemned to death against the backdrop of terrorism charges. " 
Among the office that "the provincial authorities opened the border crossings and airports for terrorists, and were moving freely in time were practiced it tougher measures and under various pretexts against Iraqi citizens who intend to visit the cities of the Kurdistan region, and even before the fall of the city of Mosul." 
He stated that "the concerned authorities in the region, carried out procrastination policy with the leadership of Mosul operations that were trying to joint efforts by coordinating with the Peshmerga to face Daash," noting that "everyone knows that al-Maliki had issued orders to lead the Army Air implementation of military raids on Daash fighters after they began fighters marching toward the city of Arbil. " 
The statement noted that "the authorities of the province not only under the guidance of the Peshmerga to stand idly by and watch what is going on in Mosul, but has issued orders to seize a number of sites and the looting of vehicles and weapons of the Iraqi army and military equipment," noting that "the battle is not between Kurds and Daash but between Daash Army Maliki and Shiites as stipulated in one of the documents that we hold, "according to a statement from Maliki's office. 
The office said that "al-Maliki asked the presidency of the province to pay the Peshmerga to participate in the face of Daash and by the Ministry of Interior and the answer came rejected under the pretext of the existence of problems must resolved before any post that unlike previously reported that the presidency of the region offered Maliki's refusal. " 
He added: "We committed ourselves to silence and not to respond to most of the abuse in order to avoid the negative phenomenon that the abuse of the media and caused increases in the gaps between the parties to the political process was not for the weak or the lack of argument but it was done to avoid and in order to filter the air, but the claim of observers and citizens forced us to hope that this clarification forgery and counterfeiting machine stop and headed toward the construction and reconstruction and repair relations between the components of the political process. "

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I really don't know what a market price would be. Take here for instance I go down to the Mom & Pop gas station and a gallon of milk is $4.95 vrs the giant HEB and it's a lot less, so what is the market price, I think it is what ever you can get, same with gas, same with everything else. I don't really believe that a market price has as much as a bearing on a RV. May be it could be calculated better, via through the tariff taxes. Thanks 

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THANKS BUTI...NICE OF YOU TO POST FROM YOUR FRIEND...HOWEVER, THE ARTICLE WHICH THEY SENT TO YOU DOESN'T CLEARLY STATE THE 2% RULE, OR PERHAPS I'M MISSING IT, IF SO...I'D LOVE FOR YOU TO POINT IT OUT FOR MY RIGHT SIDE DOMINANT BRAIN ;-)

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Araji: to create realistic opportunities to move the economy
 
      Saturday   20   December   2014 | 20:11
 
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Deputy Prime Minister Bahaa al-Araji, that the decisions of the Economic Conference hosted by the political body of the block will be part of the Liberal government's decision to address the financial crisis faced by Iraq.

 

 

He called al-Araji, in his speech at the Economic Conference, a "concerted effort to get out of this crisis by the fact contribute to the growth and development process, stressing the need to create realistic opportunities to move the economy, which was stalled due to the wrong policies of the past period.

 

 

Araji, pledged that the recommendations of the conference will be an important part of the Cabinet decisions, explaining that the prime minister Haider al-Abadi interested in hearing those decisions that will have an effective impact on out of the economic crisis.

 

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Iraq's economic catastrophe coming !!
Abdul Razak Suerawi

Date: 12/20/2014

 

 

Books/Abdul Razaq alsoirawe said.

Terrible things while taking simply the madness about.. This is what always happens here in Iraq.. So as long as we dealt with many issues of size (increase) is simply too close to apathy. .. Security issues in.

 

Political.. Social and. Or economic could lead the country and people to the abyss of immemorial.. I wonder, are we crazy, or politicians were insane, or time is crazy? Perhaps the next days, alarming the country and people (and quite frequently these single very understanding way.).The next day, threatens a catastrophic drought, oil is the only source of living of Iraqis are prices falling dramatically, and thus, Raksha financial and administrative corruption of all joints in the escalating pace, and the war is eroding and daash drain of State expenditures much..

 

 

The industry is in. Agriculture is. .. Both agriculture and industry, mortal. Tourism is dead, the only neighborhood is not dead, it is corruption that predominated everything. The parliamentary and executive authority realises that resolved a new budget, projects are disabled.. Unemployment worsening..And the budget was not approved until now as its predecessor, the decline in oil prices is ytheddakrarha, it is impossible to agree on the ceiling of the approval in accordance with specified price per barrel at a time when oil prices dropped toward a horrific decline.

 

 

astronauts who are a drain on the State budget and in kobalhm space officials are parliamentarians, Ministers and directors from 2003 until now, everyone is absorbed from the Treasury without mercy and. The coming days according to all data oil price reality is black with distinction. ...All the indicators suggest that the inability of the State to pay up salaries.

 

 

What's working, and what you have prepared for STV days very close? This question cannot all leadership of Iraqi policy to answer clearly, from Parliament and the Government. Just as the law does not protect fools, so ignorant of his time and become wealthy renounce and ignores his days, he omitted the dupes. "!!

 

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Iraqi Ambassador to Kuwait: Oil prices will take space from Abadi talks tomorrow

 

Date: 12/20/2014 09:08

 

 

 

 

 

 

 

 

 

Information / Baghdad / ... 
The Iraqi Ambassador to Kuwait Mohammed Hussein Bahr al-Ulum, Saturday, that the economic situation and falling oil prices will take the space of talks Prime Minister Haider al-Abadi during his visit to Kuwait tomorrow. 
 

Uloum said in remarks reported by the newspaper "news" Kuwaiti The "Visit Abadi flowing into the framework pursued by Iraq to consolidate its relations with its neighbors and the nations of the world to overcome the crisis in which is clearly reflected by the security measures and the implications of several." 
 

He added that "there are many issues that will be addressed during the visit, notably to intensify efforts and develop bilaterally and internationally to encircle terrorism and the provision of military and security, intellectual and social supplies important to resist the terrorist tide. " 
 

He noted that "the economic situation and oil prices also will have space in the talks, as well as give thanks to Kuwait for its response to the postponement of the payment of compensation for the full year due to the stifling crisis in Iraq» describing this response «perfume and brotherly expressed parking Kuwait as well as our country." 
 

He stressed that "Kuwait role in this stage Iraq battlefield, Kuwait neighbor of Iraq and its affects Iraq affects in Kuwait and therefore there is no doubt that will be the coordination at all levels," pointing out that "Kuwait's interest stand Iraq on its feet and to preserve the unity and stability. " 
 

He continued Bahr al-Ulum, "I can not tell the quality of cooperation, but Iraq is ready to accept any military help military and security and training contributes to the development effort against Daash" he said, adding that Iraq "all types of assistance are required except presence on Iraqi land and the door is open to help all the neighboring countries of all the possibilities. " 
 

Prime Minister Haider al-Abadi to Kuwait is scheduled to arrive tomorrow on an official visit for talks with senior Kuwaiti officials and the Rsahm Emir of Kuwait. Finished / 25 
 
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17106.jpg?width=400&height=300&crop=autoDeputy Prime Minister Bahaa al-Araji through through economic reform conference in Baghdad (December 20, 2014)

Araji calls to search for "new imports" of the state and the Liberals want reforms do not depend on oil


Author: BS, MK 
Editor: AB, BS 
12/20/2014 15:28 
Number of Views: 52



Long-Presse / Baghdad
Counting Deputy Prime Minister Bahaa al-Araji, said on Saturday that the conclusion reached by Iraq of the financial crisis is the result of "erroneous policies" in the financial and economic sides, while stressing the need to search for imports of the Iraqi state and reduce spending, called block free to economic reforms to maximize imports and lack of dependence on oil.

 

The Deputy Prime Minister said Bahaa al-Araji, in a speech during the economic reform conference held by the political body was of the Sadrist movement in the Rashid Hotel in central Baghdad under the slogan (toward higher efficiency and the distribution of resources and development) in the presence of a number of economists and lawmakers attended the (long-Presse), "The What is reached Iraq from a financial and economic crisis was due to the wrong policies in the financial and economic sides, which has long admonished him, "noting that" experts debate this today and issued recommendations will be part of the Cabinet discussions and will be part of the processors to the current crisis. "

 

The Deputy Prime Minister, on the need to "search for imports of the Iraqi state and reduce spending," pointing out that "the recommendations of the conference will be part of the solution."

 

For his part, the political body was Sadrist member Rafi Abd al-Jabbar said that "Iraq needs economic reforms through investment support and expand imports", calling on the government to "initiate economic reforms based on the strategic development and reinforce revenue and not rely on a single source, namely oil."
And Abdul-Jabbar, that "the political body was Sadrists want to find solutions through the establishment of the conference and invite experts and academics to get a larger amount of resources."

 

In turn showed a member of the committee supervising the Congress MP Magda al-Tamimi, "The decline in oil prices led to a decline in imports of oil, which constitutes 93% of them, calling for" the involvement of the private sector in the process of maximizing the imports. "

 

The Finance Minister Hoshyar Zebari likely, in, (15 December 2014), to provide the general budget of the Council of Ministers this week, noting that it has developed on the basis of $ 70 per barrel of oil.

 

The Parliamentary Finance Committee has revealed, in (14 December 2014), about the government's efforts to address the budget deficit because of falling global oil prices through a series of austerity measures that would provide at least $ 13 billion, the Commission predicted that the government resorted to dispose of 50 percent of the Rafidain and Rasheed reserves, as well as borrowing from the balance of the commercial bank and fund minors, as the Commission suggested that includes austerity "luxury expenses sovereign" which said it accounts for 10 percent of the country's budget.

 

It is noteworthy that the Prime Minister, Haider al-Abadi, revealed in (the twentieth of last October), during a press conference following a meeting with religious Shiite, Ali al-Sistani, in Najaf, and attended, (long-Presse), to discuss the Council of Ministers on the balance three times, and that the Council will prepare a budget in which a military spending as a fait accompli, noting that the budget in 2015, will be based on the 2014 current budget, due to the presence of the same problems, of oil from Kirkuk and stopped completely, as well as lower world prices, and expectations about to fall over, that's the Cabinet decided austerity.

 

 

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Cabinet to vote on the 2015 budget next Monday

 

Published on Saturday, 20 December / 1 December 2014 14:35 Written by: Sheikh Salem Hits: 56

16-12-20141.jpgBAGHDAD / Center Brief for the Iraqi Media Network (IMN) - Prime Minister announced that he would discuss the federal budget for 2015, next Monday and voted on by the then sent to the Presidency of the Council of Representatives.
He said Deputy Prime Minister Bahaa al-Araji's (IMN) "The day after tomorrow will be an extraordinary meeting of the Council of Ministers to discuss the federal budget for a vote."
He added that "There are no differences on the budget, but there are technical issues involved in oil prices and other means that will help to bridge the deficit," noting that "if the voting process completed on Monday, will be sent to the Council of Ministers."
The Ministerial Committee for the reduction of unnecessary expenses and luxury of the ministries and independent bodies.

 

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Liberals: Tamimi official candidate for the post of vice president of the National Alliance

Date: 12/20/2014 18:59

 
 
 
Information / special / .. 
announced the Liberal bloc, Saturday, on the nomination of Attorney Magda Tamimi, vice-president of the National Alliance, as shown that the components of the alliance has shown no objection to the nomination, pointed out that the political body of the Sadrist movement will be discussed during the regular meeting, the issue of nomination writer to head the coalition. 
The fulfillment member of the cluster in a fight, told / information /, "The liberal bloc officially nominated MP Magda Tamimi, vice-president of the National Alliance," indicating that "components of the alliance has shown no objection to the nomination." 
She said a fight that "the body of political the Sadrist movement will be discussed during the regular meeting, the issue of the nomination of MP for the coalition of state law on the writer for the presidency of the National Alliance, "noting that" the president has not agreed yet. " 
The MP for the coalition of state law on the writer denied on Saturday, and the existence of the movement of some members of the state law to keep the boss Nuri al-Maliki for the coalition, as he pointed out that the only official candidate for the presidency of the National Alliance. 
It is noteworthy that the MP for the coalition of state law, Khalid al-Asadi confirmed on Saturday that the presidency of the National Alliance will be resolved as president during the next few days, as pointed out that competition confined to the head of the Islamic Supreme Council Ammar al-Hakim, and MP Ali Aladab.anthy / 25 h

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Finance: taxes and customs duties to reduce the budget deficit

 
 DECEMBER 20TH, 2014
 1028 NUMBER OF READINGS
1016-300x188.jpg
 
 

Said the retrenchment would not include medicine and food

Baghdad's new morning:

Finance Minister Hoshyar Zebari revealed that the ministry is working to reduce the budget deficit by increasing taxes and imposing customs duties on goods entering the country. 
Zebari said in a press statement, said that «the ministry is working to reduce the budget deficit in 2015 through the creation of alternatives to oil such as increased taxes and impose tariffs on some goods entering Iraq .. Many countries rely on their budgets on such as Britain and the United States Tax ». 
and the minister said he «will be pressure for budget expenditure to reduce the deficit, but that this pressure will not include medicine and food». 
Zebari stressed that «the beginning of the year Next there will be a budget after the Ministerial Committee complement pressure the budget and reduce the deficit and delivered to the Cabinet for approval ». 
He declined Zebari disclose the size of the budget or the amount of the deficit, noting that discussions are still ongoing. 
and formed a government late last month a special committee to reconsider the draft budget after landing oil prices to the lowest level in five years. 
The draft is based on the price of $ 70 per barrel, but oil prices tumbled to below $ 60 a barrel. Iraq relies on oil revenues to fund 95 percent of budget income. 
The prime minister Haider al-Abadi confirmed, that there is a financial problem for the year 2015 due to lower oil and military spending rates, likely that this problem extends to 2016. 
Ebadi said in a joint press conference with his Jordanian counterpart Abdullah Eagles in the capital, Baghdad, said that «Iraq is not bankrupt countries and the economic potential but we have a financial problem and may extend to 2016 if it continued to decline in oil prices». 
Abadi added that «the Iraqi government can not calculate a discounted price for a barrel of oil in the general budget for the year 2015 », pointing out that it« will begin to reduce unnecessary expenditures and increasing allocations for issues Chairperson such as social protection network which has increased the amounts in 2015 ». and Abadi that« oil agreement with the Kurdistan to export oil flowing into the federal and provincial government interest, which is the knowledge of the government » , expecting «raise Iraqi oil exports after the implementation of the recent agreement to the new quantities of Iraqi oil officially sold in global markets».

 

http://www.newsabah.com/wp/newspaper/30918


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Proposal for investment projects in the budget of 2015 and Order forward          


12/21/2014 0:00 
 

Insert a provision preventing the sale of the public sector without private sector competition 
BAGHDAD - Hussein al-Tamimi Tgb 
 

proposed member of the National Business Council, the Iraqi included the budget year 2015 the introduction of all the projects proposed by the ministries provided to include the clause regulated under the protocol with the States Order term and the repayment through oil shipments A year after the Protocol. 
 

David Abdul Zayer said the measure can compensate the absence budget of investment allocations after they stopped all projects for 2014 for failure to approve the federal budget. 
 

Zayer said in an exclusive interview with "morning" that this mechanism will help the general budget in reduce operating expenses, which could reach 20 percent to the fullest extent. 
 

He suggested Zayer add the item into the general budget provides for the implementation of the proposed new investment projects by the ministries and agencies concerned, which did not have a financial allocation in the 2015 budget that stipulates that "this Projects implemented Order term under the Protocol government will be responsible Bibramh with countries that have the potential implementation of these projects and processing of commodity under the international standards. " 
 

He explained that this protocol provides for payment on credit for time to be agreed upon within the Protocol and repayment through the export of oil after at least a year an end to the implementation of projects and the interest of not more than 3 percent per year of the amounts paid only from that State, which concluded with the Protocol and on the basis of ensuring the export of crude oil to those countries concerned. Was based Zayer in this vision to the promises made ​​by the Oil Ministry itself to raise the volume of production to 5 million barrels per day, and the repayment of Akiem export surplus after covering the federal budget allocations. 
 

He pointed out that this mechanism will ensure oil market to ready buyer, as well as ensuring implementation of investment projects, which were not included in the next budget allocations. 
 

He said the experience had been in place previously in some other states that have passed the same conditions and proved successful, pointing to the Amaknyh employed for the treatment of stage and force of the crisis low fiscal revenue because of low crude oil prices in world markets. The Zayer had warned in the introduction to his speech from the repercussions of not include the budget in 2015 for investment projects, because it is one of the goals of aggression Daash to weaken the Iraqi economy and ways to grow.
 

Zayer between that do not include the next year's budget for investment projects again is a matter of concern, especially that a large segment of the youth employment skilled work in these projects and different terms of reference, indicating the importance of preserving jobs for them, and stay away from the consequences of disabling this segment of business. 
 

He continued by saying that these protocols lead to build bridges of cooperation with neighboring countries and that will be a positive impact on the country of all economic respects and security and social, especially after those countries associated with the domestic market, and will work towards maintaining its interests in Iraq. 
Zayer He concluded by referring to the importance of the inclusion of an item in the budget to prevent the sale of the public sector to the public sector without competitive private sector, pointing out that this supports the activation sector private, especially as the government program emphasized the activation of the role of this sector in economic life.   

http://alsabaah.iq/ArticleShow.aspx?ID=82910


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Check privatization of economic reform in the country

 

 

         


12/21/2014 0:00 

BAGHDAD - the joy of pumice 
in the transformation requirements of a market economy as stipulated in the Constitution and in line with the government program, specialists and concerned calls for the application of the privatization policy has increased what contributes to the achievement of economic reform in the country. 
privatization policy adopted by some developing countries privatization policy key to factors such as funding problems resulting from the achievement of the trade deficit in the balance of payments and public budgets, where some of the public sector units turned to the private sector, especially as it (privatization) containing the radical changes in the approach to the political, economic and social state, led to a change in behavior and production units and services. Chairman Businessmen Union Reza Ragheb Blibl said "morning" in this regard that in the orientation of the private sector that have an important role in shaping economic policy and move toward a market economy, it is a subject of interest after the change process. surplus labor  and pointed Blibl that privatization must be built on the basis of successful without following the swift measures caused problems in the community, and taking into consideration the surplus labor for projects metamorphic, especially that of the private sector works in accordance with the economic feasibility and the extent of the project's success, he says. He believed that privatization is developing the economy in the country where contribute to increasing growth rates in GDP and keep up with global technology, stressing the need to develop controls for the transformation process, the most important of the sold projects or factories for the professionals and not commercially. He Blibl importance of forming a committee to draft and taught accurately and integrated, in order to qualify for work, production and development lines and make it according to the mechanics certified objectively, noting that the methods followed in the process of transformation in the countries of the world is done by the economic feasibility study of the transformation or privatization, so as to achieve a breakthrough in GDP, as well as the provision of market needs and operation of labor.


 

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