DinarThug Posted October 11, 2017 Report Share Posted October 11, 2017 Economic achievement Mustafa Mohammed Ibrahim Iraq economically achieved a new victory by issuing a bond (Euphrates) and comes after the issuance at the beginning of 2017 bond (Tigris) interest of 2.149 percent and the value of issuances of $ 1 million guaranteed by the US government. The recently issued 5-year-old sovereign sovereign bond (Euphrates), with an interest rate of 6.75 percent, is paid every six months, which is lower than the international Iraqi bond that has been traded on international secondary markets since 2006 to settle the debts of the Paris Club of 2028 with a benefit of 7.6 percent. The bond was classified by Fitch Ratings B and the number of international investment companies that submitted for purchase and competed with about 350 international investment companies carrying investment portfolios increased by more than (12) trillion dollars and have applied for the purchase of the bond (Euphrates) Including the Abu Dhabi Investment Fund and the Arab Monetary Fund. One of the most important investment companies that have offered to buy the Iraqi Al Furat is the Education Fund in California and at the same time one of the richest funds in the American West Coast and the world. The sale took place on Wednesday, 2017/8/2 in London by the Underwriters. The bond was registered for sale and purchase in the Irish stock market as it uses the European Union standards, which is one of the most accessible and efficient financial markets. The lowest bond category is (200) Thousand dollars and increase complications, pointing out that the interest paid half a year. This achievement comes after the efforts exerted by the Iraqi government, especially the negotiating delegation with the International Monetary Fund on the program of credit readiness, which gives Iraq ($ 5.3 billion) after the end of reviews with the International Monetary Fund, has worked negotiating delegation day and night with members of the International Monetary Fund In order to impose a restriction on Iraq may be difficult to implement. Thus, this great economic achievement came after the victory that was achieved on (Da'ash), especially the call of Prime Minister Dr. Haider Abadi towards the direction of economic reform and reconstruction and reconstruction of Iraq, especially the liberated areas of the desecration of criminals. And here we can say that Iraq is able to achieve more progress and development and achievement in light of the return of confidence with the international financial institutions that are now aware that Iraq is on the verge of economic revival and has the fundamentals of basic development. http://www.alsabaah.iq/Article.....?ID=145825 1 5 Quote Link to comment Share on other sites More sharing options...
yota691 Posted October 16, 2017 Author Report Share Posted October 16, 2017 Iraq's dollar bond is down about a cent as tensions mount in Kirkuk Twilight News 53 minutes ago Iraq's dollar bonds fell on Monday as tensions rose in the Kirkuk region between Baghdad and the Kurdistan Regional Government of Iraq. Sovereign bonds fell 2028 cents to a two-and-a-half-month low, while 2023 bonds fell 0.9 cents to a record low, according to Reuters data. 1 Quote Link to comment Share on other sites More sharing options...
yota691 Posted October 16, 2017 Author Report Share Posted October 16, 2017 The decline of Iraq's dollar bonds with the escalation of tension with the Kurds Since 2017-10-16 at 11:59 (Baghdad time) Baghdad Mawazine News BAGHDAD (Reuters) - Iraq's dollar bonds fell on Monday as tensions rose in Kirkuk province between Baghdad and the Kurdistan Regional Government (KRG). Sovereign bonds fell 2028 cents to a two-and-a-half-month low, while 2023 bonds fell 0.9 cents to a record low, according to Thomson Reuters data. There has been a dispute between the Iraqi government and the Kurdistan Regional Government since the referendum held by the province on the separation on September 25, which was rejected by Baghdad and described as illegal. Ended 29 / a 43 1 Quote Link to comment Share on other sites More sharing options...
SocalDinar Posted October 17, 2017 Report Share Posted October 17, 2017 Iraq dollar bonds jump nearly 1 cent on Baghdad forces' gains in north Reuters Staff 1 Min Read LONDON, Oct 17 (Reuters) - Iraq’s dollar-denominated bonds jumped nearly one cent on Tuesday, more than making up for Monday’s losses, after Baghdad government forces recaptured territory from Kurds across northern Iraq, including oil fields around Kirkuk. The 2028 issue gained 0.986 cents to 92.638 cents - the highest since Thursday, according to Thomson Reuters data. The 2023 bond added 0.850 cents to 98.550 cents. Oil officials in Baghdad said all the fields near Kirkuk were working normally on Tuesday after the last came under central government control. (Reporting by Karin Strohecker; Editing by Robin Pomeroy) http://www.reuters.com/article/iraq-kurds-eurobonds/iraq-dollar-bonds-jump-nearly-1-cent-on-baghdad-forces-gains-in-north-idUSL9N1CD02D?rpc=401& 4 Quote Link to comment Share on other sites More sharing options...
yota691 Posted October 19, 2017 Author Report Share Posted October 19, 2017 Abadi: We expect GDP growth of 2.9% next year economy 15:06 Last updated The time now is 03:18 PM 110 Watch BAGHDAD (Reuters) - Prime Minister Haider al-Abadi predicted on Thursday that the country's GDP growth will grow by 2.9 percent next year. "We expect real GDP growth of 2.9 per cent in 2018," Abadi said in an article published in The New York Times."This year we have been able to issue two international finance bonds; but restoring services to cities and rebuilding societies is not something that Iraq can achieve alone; we need investment and funding," he said. "After years of unconstitutional oil sales and revenue generation, the KRG is on the verge of bankruptcy, and this is due to the corruption of a few Kurdish officials and their families," he said. 1 Quote Link to comment Share on other sites More sharing options...
Boozer Posted October 19, 2017 Report Share Posted October 19, 2017 11 minutes ago, yota691 said: Abadi: We expect GDP growth of 2.9% next year economy 15:06 Last updated The time now is 03:18 PM 110 Watch BAGHDAD (Reuters) - Prime Minister Haider al-Abadi predicted on Thursday that the country's GDP growth will grow by 2.9 percent next year. "We expect real GDP growth of 2.9 per cent in 2018," Abadi said in an article published in The New York Times."This year we have been able to issue two international finance bonds; but restoring services to cities and rebuilding societies is not something that Iraq can achieve alone; we need investment and funding," he said. "After years of unconstitutional oil sales and revenue generation, the KRG is on the verge of bankruptcy, and this is due to the corruption of a few Kurdish officials and their families," he said. YOU gots to hang these Bitc$$, and put a message to the others what is ahead for them, You have my Vote to start with Maliki.. Quote Link to comment Share on other sites More sharing options...
mr.unlikely Posted October 19, 2017 Report Share Posted October 19, 2017 A few Kurdish officials and their families. Gee who could they be talking about,? Can you say Barzani and Talabani? I have to say though, I think Pavel has worked his deal out with Abadi. 1 Quote Link to comment Share on other sites More sharing options...
yota691 Posted October 31, 2017 Author Report Share Posted October 31, 2017 Iraq: 350 companies compete for the purchase of bonds Euphrates Economy News _ Baghdad A spokesman for the Ministry of Planning and Development Cooperation of Iraq Abdul-Zahra al-Hindawi, that more than 350 companies from the international investment companies competed for the purchase of Iraqi bond, representing a global financial figure of up to 12 billion dollars. The Hindawi said in an interview with "Al-Hayat" newspaper and his "Economic News", that "more than 350 companies from the international investment companies competed to buy the Iraqi bond, and these companies a global financial figure up to 12 billion dollars, while the volume of orders to about $ 6 billion for the Euphrates dam secured by the Iraqi government, and not by any other international body as in the case of Sindh I, the Tigris, which was included by the US government. " He said that "a large investment demand by international companies to buy Iraqi bonds means that an important financing outlet will benefit Iraq to finance the chronic deficit of the budget, as well as moving the wheel of economic activity, and will reassure businessmen and investors and encourage them to enter Iraq strongly And to participate in the reconstruction of liberated areas. " "The important thing is to manage this file at the level of importance, because the achievement was not easy at all, but the result of the efforts of great and painstaking by the members of the Iraqi national team as experts are experienced in the economic arena at the national and international levels, And directing it to serve development. " Views 242 Date Added 31/10/2017 1 Quote Link to comment Share on other sites More sharing options...
yota691 Posted October 31, 2017 Author Report Share Posted October 31, 2017 Iraq: 350 companies compete to buy bonds “Euphrates” By rami - October 31, 2017 14 0 A spokesman for the Iraqi Ministry of Planning and Development Cooperation Abdul-Zahra al-Hindawi, announced that more than 350 companies from the international investment companies competed to buy the Iraqi bond, representing a global financial figure of up to 12 billion dollars. Al-Hindawi said in an interview with Al-Hayat newspaper that “more than 350 international investment companies competed for the purchase of the Iraqi bond. These companies represent a global financial figure of 12 billion dollars. The volume of orders reached about 6 billion dollars for the Euphrates Guaranteed by the Iraqi government, not by any other international body, as in the case of Sindh I, the Tigris, which was included by the US government. ” He said that “a large investment demand by international companies to buy Iraqi bonds, means that an important financing outlet will benefit Iraq to finance the chronic deficit of the budget, as well as moving the wheel of economic activity, and will reassure businessmen and investors and encourage them to enter Iraq strongly And to participate in the reconstruction of liberated areas. ” “The important thing is to manage this file at the level of importance, because the achievement was not easy at all, but the result of the efforts of great and painstaking by the members of the Iraqi national team as experts are experienced in the economic arena at the national and international levels, And directing it to serve development. “ 2 Quote Link to comment Share on other sites More sharing options...
yota691 Posted October 31, 2017 Author Report Share Posted October 31, 2017 Planning: More than 350 international companies compete to buy the Iraqi bond economy 11:41 117 Watch BAGHDAD (Reuters) - More than 350 international investment companies have competed to buy the Iraqi bond, a spokesman for the Iraqi Ministry of Planning and Development Cooperation Abdul Zahra al-Hindawi said Tuesday, representing a global financial figure of $ 12 billion.Al-Hindawi said in an interview with Al-Hayat newspaper that "more than 350 international investment companies competed for the Iraqi bond. These companies represent a global financial figure of 12 billion dollars. About $ 6 billion for the Euphrates dam secured by the Iraqi government, and not by any other international body as in the first Sindh, Tigris, which was included by the US government. He pointed out that "a large investment demand by international companies to buy Iraqi bonds, means that an important financing outlet will be Iraq contributes to finance the chronic deficit experienced by the budget, as well as the acceleration of economic activity, and will reassure businessmen and investors and encourage them to enter Iraq strongly And to participate in the reconstruction of liberated areas. ""The important thing is to manage this file at the level of importance, because the achievement was not easy at all, but the result of the efforts of great and painstaking by the members of the Iraqi national team as experts are experienced in the economic arena at the national and international levels, And directing it to serve development. " 4 Quote Link to comment Share on other sites More sharing options...
yota691 Posted October 31, 2017 Author Report Share Posted October 31, 2017 GM DV..Have a Great Day!! 4 Quote Link to comment Share on other sites More sharing options...
Wiljor Posted October 31, 2017 Report Share Posted October 31, 2017 38 minutes ago, yota691 said: GM DV..Have a Great Day!! Same to you sir, and very much appreciate all you do for us here 3 Quote Link to comment Share on other sites More sharing options...
nannab Posted October 31, 2017 Report Share Posted October 31, 2017 Good afternoon Yota and DV. Happy Halloween !!!!! I've got my um witch / _ itch costume with broom on ready to do a fly bye. 3 Quote Link to comment Share on other sites More sharing options...
Synopsis Posted October 31, 2017 Report Share Posted October 31, 2017 2 hours ago, yota691 said: GM DV..Have a Great Day!! Oh, Yeah, Yota! Thank You for making this a Great Day with all Your tireless posts! Go Moola Nova! Quote Link to comment Share on other sites More sharing options...
gregp Posted October 31, 2017 Report Share Posted October 31, 2017 2 hours ago, yota691 said: GM DV..Have a Great Day!! GM Yota. Great news. Iraq is going to come out of the gate in 2018, looking absolutely gold. Quote Link to comment Share on other sites More sharing options...
yota691 Posted November 22, 2017 Author Report Share Posted November 22, 2017 An Iraqi delegation participating in the 2017 Middle East Banking Forum in Abu Dhabi Economy News Baghdad: An Iraqi banking delegation led by Deputy Governor of the Central Bank, Munther Al-Shaikhli, participated in the Middle East Banking Forum 2017, which kicked off today in the UAE capital Abu Dhabi. The Executive Director of the Association of Iraqi Private Banks, Ali Tariq, told the "Economy News" that "an Iraqi bank delegation included the Deputy Governor of the Central Bank Munther Sheikhli and the President of the Association of Iraqi private banks Wadih al-Hanal and the Director General of the Iraqi Bank for Trade Faisal Al-Hims and Executive Director of the Association Ali Tariq participated in The Middle East Banking Forum 2017, which kicked off Wednesday in Abu Dhabi. "The conference is being organized by the Union of UAE Banks and is being attended by a number of countries and focuses on the future of technology-based banking." He pointed out that "the conference will discuss the new technology used in banking, market trends, competition and the challenges facing banking work during the coming period." He added that "the conference will also discuss SMEs and their importance in the growth of the economy and job creation as well as improve the creditworthiness of small and medium enterprises, To encourage banks to lend. " He pointed out that "the participation of the Iraqi delegation fruitful through meetings with a large number of organizations and personalities of international banking and Arab, which will be reflected positively on the bilateral cooperation between Iraq and those countries." Views 23 Date Added 22/11/2017 1 5 Quote Link to comment Share on other sites More sharing options...
yota691 Posted November 23, 2017 Author Report Share Posted November 23, 2017 The Iraqi Trade Bank opens a new branch in Abu Dhabi next Sunday Economy News Baghdad: A bank source revealed Thursday the opening of the branch of the Bank of Iraq for the beginning of next week in the city of Abu Dhabi, UAE. The source, who preferred not to disclose his name to "Economy News", said that "the Iraqi Bank of Commerce will open a new branch in the city of Abu Dhabi, UAE on Sunday." He added that "the Governor of the Central Bank Ali Alaq and the Undersecretary of Finance and Minister of Finance Tayyip Sami and the President of the Association of Iraqi private banks Wadih al-Hanal and a number of Iraqi and UAE personalities will participate in the opening ceremony." Views 70 Date Added 11/23/2017 1 3 Quote Link to comment Share on other sites More sharing options...
Synopsis Posted November 23, 2017 Report Share Posted November 23, 2017 6 hours ago, yota691 said: The source, who preferred not to disclose his name to "Economy News", said that "the Iraqi Bank of Commerce will open a new branch in the city of Abu Dhabi, UAE on Sunday." This coming Sunday is November 26. Right on time for the 4 million barrels of oil to be sold on the Dubai (UAE) Mercantile Exchange. Looks like the Iraqi Trade Bank is lining up for the "international" here. Likely implications on oil markets and adjustments. Maybe more talk on comparisons to West Texas Intermediate (WTI) and/or Brent crude oil pricing. I am not sure how this will affect agglomerate oil pricing but could favor pushing the rating upward into more favorable world oil prices to support the Iraqi budget considerations to include any excess oil revenues. Otherwise, "Why would Iraq do this???!!!" I would like to see other legislative initiatives (such as Article 140 and HCL) push through and implemented since this would support National Reconciliation viability as a means to support Iraqi internal stability for a very favorable investment environment (more than an A from the international credit agencies???!!!) and serve as icing on the cake. Happy Thanksgiving Everyone! We have a lot to be Thankful for! Go Moola Nova! 9 Quote Link to comment Share on other sites More sharing options...
NEPatriotsFan1 Posted November 23, 2017 Report Share Posted November 23, 2017 Synopsis! Always love your take on things!!! Surely does look like this week is shaping up to be an international party so to speak! Happy Thanksgiving to you and yours! 6 Quote Link to comment Share on other sites More sharing options...
Synopsis Posted November 23, 2017 Report Share Posted November 23, 2017 Just now, NEPatriotsFan1 said: Synopsis! Always love your take on things!!! Surely does look like this week is shaping up to be an international party so to speak! Happy Thanksgiving to you and yours! NEPatriotsFan1 and Happy Thanksgiving To You and Yours As Well!!! Go Moola Nova! 1 1 Quote Link to comment Share on other sites More sharing options...
tigergorzow Posted November 23, 2017 Report Share Posted November 23, 2017 7 minutes ago, Synopsis said: This coming Sunday is November 26. Right on time for the 4 million barrels of oil to be sold on the Dubai (UAE) Mercantile Exchange. Looks like the Iraqi Trade Bank is lining up for the "international" here. Likely implications on oil markets and adjustments. Maybe more talk on comparisons to West Texas Intermediate (WTI) and/or Brent crude oil pricing. I am not sure how this will affect agglomerate oil pricing but could favor pushing the rating upward into more favorable world oil prices to support system" rel="">support the Iraqi budget considerations to include any excess oil revenues. Otherwise, "Why would Iraq do this???!!!" I would like to see other legislative initiatives (such as Article 140 and HCL) push through and implemented since this would support system" rel="">support National Reconciliation viability as a means to support system" rel="">support Iraqi internal stability for a very favorable investment environment (more than an A from the international credit agencies???!!!) and serve as icing on the cake. Syn, Truly appreciate your analysis and assessment of the articles and I do believe a lot is going on "Behind the Curtain", Deals are being made by the GOI, KRG & other countries. I also believe we are inching closer to the 140, HCL & RV / RI Of The IQD IMHO. Enjoy this wonderful Thanksgiving with Family & Friends and eat some good ole "Turkey & Dressings" Southern Style... BIG Shout Out To The Men & Women Of Our Armed Forces who are away from their families.....God Bless Them All & Keep Them Safe!!!! Look Forward to the Day We all can meet and enjoy some "Hot Gluhwein" because I feel a Winter RV / RI upon us.... 6 Quote Link to comment Share on other sites More sharing options...
Synopsis Posted November 23, 2017 Report Share Posted November 23, 2017 3 minutes ago, tigergorzow said: Syn, Truly appreciate your analysis and assessment of the articles and I do believe a lot is going on "Behind the Curtain", Deals are being made by the GOI, KRG & other countries. I also believe we are inching closer to the 140, HCL & RV / RI Of The IQD IMHO. Enjoy this wonderful Thanksgiving with Family & Friends and eat some good ole "Turkey & Dressings" Southern Style... BIG Shout Out To The Men & Women Of Our Armed Forces who are away from their families.....God Bless Them All & Keep Them Safe!!!! Look Forward to the Day We all can meet and enjoy some "Hot Gluhwein" because I feel a Winter RV / RI upon us.... TigerGorZow! Same here as well! And To You, Too, TigerGorZow - Enjoy This Wonderful Thanksgiving With Family & Friends And Eat Some Good Ole "Turkey & Dressings" Southern Style (YUM!!!)!!! (So is it "Dressing" or "Stuffing"???!!! Hey, let's all forget that and just enjoy - what ever it is called - the way YOU ALL particularly like it!!! ) And To All Our Armed Forces Past And Present - I salute You who upheld and uphold our Constitution so I and all others can enjoy this Thanksgiving Celebration!!! Happy Thanksgiving Armed Forces Past And Present Along With Their Families And Friends!!! Go Moola Nova (YEAH!!!)! 3 Quote Link to comment Share on other sites More sharing options...
10 YEARS LATER Posted November 23, 2017 Report Share Posted November 23, 2017 GREAT GOOOGLY MOOOGLY ! ! ! Some very interesting news on Turkey Day 2 1 Quote Link to comment Share on other sites More sharing options...
mylilpony Posted November 24, 2017 Report Share Posted November 24, 2017 The trade bank of iraq was originally set up by the u.s. government after we invaded along with the cbi. The bank was to be a sister bank with the cbi and to help get the banking industry going and also for the citizens of iraq to do banking business. Originally this bank was to serve its purpose by 2008 and be dissolved, but as we can see that has not happened and now you see this bank opening an international branch in the UAE. This bank is the original that is taking the lead along with the rafidian and rasheed bank. You ever notice that the imf doesnt call for the trade bank of iraq to be reformed like the other ones?... hmmm 1 8 Quote Link to comment Share on other sites More sharing options...
yota691 Posted November 24, 2017 Author Report Share Posted November 24, 2017 18 hours ago, Synopsis said: " I would like to see other legislative initiatives (such as Article 140 and HCL) push through and implemented Thanks for the Breakdowns as usual Synopsis and GM, I like to point out on the legislative initiatives are already in place for both Article 140 and the HCL, which go back to the 2003 agreement which was was voted on but never implemented, until now with the actions of PM Abadi stating Federal Government oversight and presence in all matters. Borders, Ports, Oil wells, Security etc!!! The way I see it once PM Abadi feels that he has all the piece to the puzzle in place, the legislative has his back. The one hiccup I see is the percentage of the Budget that PM Abadi and his adviser keep throwing out to the Kurds is the 12% rate, and they stated that according to the constitution which was agree upon, we are suppose to get 17%. Anyhow all these issue are being fine tuned soon to be!!! 1 7 Quote Link to comment Share on other sites More sharing options...
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