Experts expect: 2017 will see an economic recovery

[yota691]

Experts expect: 2017 will see an economic recovery

76 ShowLast update: Monday , January 2, 2017 - 9:02

BAGHDAD / Farah pumice experts expect to see a new year (2017) an economic recovery compared to last year, Marjaheen continued high sale of crude oil prices in world markets. The expert in the industrial sector, Aqeel al-Saadi "morning": that "the government's initiative to reform the economy will take a wider scope with the pursuit of the central bank to launch the industrial and agricultural loans, as well as supporting the private sector legislation of laws and the transition to a market economy." He said al-Saadi "the importance of investing government initiatives during 2017 and applied on the ground." Sale of his outlets, said the new financial expert, Thamer al-Azzawi that "the year will see a recovery in the capital market with the trend to increase foreign exchange and provided the sale of the citizens outlets, as well as the keenness of the central bank to maintain the value of the Iraqi dinar and the dollar exchange rate." Al-Azzawi said the "morning" that "2017 will witness a greater reliance on technology in financial transactions, as well as facilitate the citizens in banking transactions," likely to witness the Iraq Stock Exchange traded wider than last year, which saw trading trillion shares of shares of joint stock companies Iraqi in it, because of the direction the state to move to a market economy. "

Oil markets, in turn, predicted expert Rahim Al Shammari rise in the sale of crude oil prices in world markets. Al-Shammari said the "morning": that "OPEC countries outside the Organization agreement will begin its application on Monday, which means that the coming months will witness a rise in prices," likely that "The price of a barrel of crude oil between $ 55 to $ 65." Oil prices declined slightly in the last trading day settlement last year, but it has achieved the biggest annual gain since 2009 after the Organization of Petroleum Exporting Countries agreed (OPEC) with major producers outside the cut crude production to reduce the glut of global supply, which put pressure on prices in more than two years.

Drilling rigs and increased the number of US rigs by two platforms in the ninth weekly increase in a row on as reported by Baker Hughes oil services company. But the total number of which amounted to 525 platform in the last week of the year is still below last year's level by 11 platform. It fell WTI US mediator in the futures five cents, or about 0.1 percent to $ 53.72 a barrel as the global London Brent crude down three cents, or about 0.1 percent to $ 56.82 a barrel. Brent about 52 percent this year, while US crude rose about 45 percent to its annual Mkasphma Van largest since 2009, when Brent rose WTI 78 percent and 71 percent respectively. Oil prices have slid since the summer of 2014 more than $ 100 a barrel because of oversupply, which is due to reasons including the US shale oil boom. And it intensified the downward trend of prices later in that year, while Saudi Arabia has refused to conclude any agreement for OPEC to cut production and opted for the defense of the market share. Historic agreement but historically OPEC agreement concerning the reduction of production was reached for three months starting from last September, reflecting the return of the organization, which includes 13 members to adopt the old goal of price protection. Oman and informed customers it would cut allocated to them under fixed-term contracts of contractual quantities of five percent in March but did not say whether the supply cuts will continue after that. The OPEC basket price stood at his last day of $ 51, and includes a basket "OPEC" 14 products, are: raw deserts of Algeria and heavy Iranian and Basra ore Kuwait export crude Libyan Seder and Bonny Nigerian crude maritime Qatari Saudi Arabian light crude ore Marie Venezuelan Girassol Angolan The Orient Ecuador and Rabi light Gabonese and Indonesian Minas.

[skeetdog]

14 minutes ago, yota691 said:

the pursuit of the central bank to launch the industrial and agricultural loans, as well as supporting the private sector legislation of laws and the transition to a market economy."

Thanks Yota...Hopefully Iraq can show ample efforts to become Article 8 compliant....

[sandfly]

At least give me .50 to one 

[ggdog60]

Thanks, Yota

[Drunk_Viking64]

They better hurry because the keystone pipeline kicking into gear and the rebuilding of oil fields in America will drop oil and Gas prices fast. So RV now or say WTF happened six months from now!!! Because USA has billions of new barrels discovered already and billions more expected to be discovered soon...http://www.foxnews.com/us/2016/11/16/massive-field-recoverable-oil-natural-gas-uncovered-in-texas.html

[easyrider]

I believe 2017 wil be a year of prosperity and slow recovery globally.

[jeepguy]

3 hours ago, Drunk_Viking64 said:

keystone pipeline kicking into gear and the rebuilding of oil fields in America will drop oil and Gas prices fast

not sure if this  , is  going to play out like they are talking ,  the oil sands project has had a lot of opposition  , in the ideas , that  it will be very costly too extract the oil from the sands , { I am not an expert but it sounds plausible , as it starts in sand  }  and the oil drilling in the u.s.  will not bring gas prices down  { in my opinion }  .  it will how ever hold it too a  certain price ,  if it is $ 2 .50   now the oil drilling will or could hold It too this  price range  ,but it will bring jobs back too the industry  

[jeepguy]

6 hours ago, yota691 said:

as well as the keenness of the central bank to maintain the value of the Iraqi dinar and the dollar exchange rate." 

and this line  from the article , I hope they do a heck of a lot more  than just , " maintain the value "  they better  raise the value  of the dinar , then maintain  ! I am sure this was an over sight from the author of this article !  { lets hope  that is what  they mean }  after  yesterdays  hot news  on dinar ,  just holding the value of dinar at the same  worthless rate  will only  inflame  the all ready  unstable  peace in the streets  about , jobs,  and ability too keep the family safe  from hunger , and  well being of Iraq as a whole  { my thoughts }

[10 YEARS LATER]

16 hours ago, jeepguy said:

and this line  from the article , I hope they do a heck of a lot more  than just , " maintain the value "  they better  raise the value  of the dinar , then maintain  ! I am sure this was an over sight from the author of this article !  { lets hope  that is what  they mean }  after  yesterdays  hot news  on dinar ,  just holding the value of dinar at the same  worthless rate  will only  inflame  the all ready  unstable  peace in the streets  about , jobs,  and ability too keep the family safe  from hunger , and  well being of Iraq as a whole  { my thoughts }

You said a mouthful there Brother !!!!!!!!!!!!!