Spiked Camel Java !

[umbertino]

20 hours ago, davis411 said:

Thought you were gonna say lover

 

???????

[DinarThug]

LINK

Central Bank's safe investment policies have boosted confidence in the Iraqi economy

 

 

6th July, 2019 by Samir Nusairi

A source at the central bank said foreign reserves amounted to $ 72 billion, and would rise to $ 86 billion when the Ministry of Finance takes advantage of the rise in oil prices and the payment of $ 14 billion to the central bank, which represent the sad transfers that the central bank during the period of financial crisis suffered Including Iraq, which constituted direct support to the State Treasury and the national economy in the near future when the country was unable to pay the salaries of state employees at the time of the Minister of Finance at the time

Which has had a significant impact in achieving economic steadfastness and thus financial victory in complex circumstances

That the observer and specialist is well aware that access to this rate of foreign reserves is the Central Bank to follow the safe investment policies, which strengthened the international credit position and restore confidence in the Iraqi economy and international banking relations

Underscoring the safety and success of the Bank's strategy for the years (2016 - 2020 ) achieved .ho achievements in financing activity and activate the initiative to finance small and medium enterprises and raise the ceiling on loans to one billion dinars for each project within the objectives of the initiative in activating the economic cycle and support the implementation of the objectives of the government curriculum in the fourth axis ( Strengthening the economy) to achieve the goal of development banks as the goal of development

In addition to this, the Bank is working on direct Islamic financing for public and private banks.  In addition, the expansion of the implementation of community initiatives from the Tamkeen Fund is an effective national experience in integrating the banking sector with society and achieving the goal of social, economic and humanitarian banks. Babylonian monuments on the World Heritage List

The clear evidence that can never be covered is the continuation and maintenance of the exchange rate stability over two years and maintaining the inflation rate of less than 2%.Thus, the Central Bank has been able to achieve its objectives in its Law No. 56 of 2004, On the stability of the exchange rate. And is now vigorously and effectively pursuing the objectives of strengthening the economy and banks for development

[6ly410]

Just now, DinarThug said:

LINK

Central Bank's safe investment policies have boosted confidence in the Iraqi economy

 

 

6th July, 2019 by Samir Nusairi

A source at the central bank said foreign reserves amounted to $ 72 billion, and would rise to $ 86 billion when the Ministry of Finance takes advantage of the rise in oil prices and the payment of $ 14 billion to the central bank, which represent the sad transfers that the central bank during the period of financial crisis suffered Including Iraq, which constituted direct support system" rel="">support to the State Treasury and the national economy in the near future when the country was unable to pay the salaries of state employees at the time of the Minister of Finance at the time

Which has had a significant impact in achieving economic steadfastness and thus financial victory in complex circumstances

That the observer and specialist is well aware that access to this rate of foreign reserves is the Central Bank to follow the safe investment policies, which strengthened the international credit position and restore confidence in the Iraqi economy and international banking relations

Underscoring the safety and success of the Bank's strategy for the years (2016 - 2020 ) achieved .ho achievements in financing activity and activate the initiative to finance small and medium enterprises and raise the ceiling on loans to one billion dinars for each project within the objectives of the initiative in activating the economic cycle and support system" rel="">support the implementation of the objectives of the government curriculum in the fourth axis ( Strengthening the economy) to achieve the goal of development banks as the goal of development

In addition to this, the Bank is working on direct Islamic financing for public and private banks.  In addition, the expansion of the implementation of community initiatives from the Tamkeen Fund is an effective national experience in integrating the banking sector with society and achieving the goal of social, economic and humanitarian banks. Babylonian monuments on the World Heritage List

The clear evidence that can never be covered is the continuation and maintenance of the exchange rate stability over two years and maintaining the inflation rate of less than 2%.Thus, the Central Bank has been able to achieve its objectives in its Law No. 56 of 2004, On the stability of the exchange rate. And is now vigorously and effectively pursuing the objectives of strengthening the economy and banks for development

Bump 

[DinarThug]

LINK

Kurdistan Region marks uptick in foreign Business Registration 

 

 

4th July, 2019

The number of foreign businesses registering in Erbil for 2019 has already surpassed the number that registered all of last year as the economic, political and security situation improves in the Kurdistan Region.

Better security following the Islamic State's defeat and less regulation caused the increase, according to one Kurdistan Regional Government (KRG) official.

'Improvement of security and economic conditions in the Kurdistan Region, its stability and the reduction of bureaucratic measures in registering companies were the reasons why foreign companies turned to the Kurdistan Region again,' KRG Department for Company Registration head Pishtiwan Warti told Rudaw this week.

Some 28 foreign companies registered in 2018 to conduct business in Erbil. In the first six months of 2019, 33 companies have already registered, Warti revealed. This brings the total of foreign companies registered in the entire Kurdistan Region 3,252, according to Department for Company Registration figures. A majority 2,371 of these companies are in the Kurdistan Region capital of Erbil.  The Kurdistan Region is making a push to improve business ties with the outside world.

On June 30, Turkish business delegates arrived in Erbil for a summit aimed at attracting new investors. Some business people in Kurdistan are optimistic that Turkish companies, which have long exported goods to Kurdistan, will instead consider opening factories in the Region. 'We will be encouraging traders who have been exporting their goods to Kurdistan to bring their factories to Kurdistan and invest from here,' the president of the Kurdistan Association of Importation and Exportation, Gailan Haji Sahid, told Rudaw at the summit. In April, Iranian, Saudi, Turkish and other companies came to Erbil for a KRG-sponsored oil and natural gas fair.

The largest number of companies hails from Turkey, which has 1,421 companies in the Kurdistan Region. Iran followed with 362. The rest of the companies come from Middle Eastern and Western countries with 181 from the United Arab Emirates, 178 from Lebanon, 156 from the UK, 141 from the US, 109 from Jordan, 87 from Germany, 63 from Italy and 42 from Romania.

The Kurdistan Region faced a financial crisis that dragged on for years starting in 2014 amid a budget dispute with Baghdad and subsequent cuts, falling oil prices, and the war with the Islamic State (ISIS) and the influx of 1.8 million displaced Iraqis and Syrian refugees. More than 60 percent of investment projects in education, health, roads and public services have resumed since stopping amid the crisis, however, according to the Kurdistan Investors' Union.

The Kurdistan Regional Government (KRG) is seeking better business ties abroad due to the improved security situation post the Islamic State (ISIS)'s defeat in Iraq and better relations with Baghdad. In late 2017, the federal government imposed an air and diplomatic embargo on the Kurdistan Region due to the Kurdistan independence referendum. Federal forces also retook the disputed territories from the Peshmerga at this time.

Relations have improved under Iraqi Prime Minister Adil Abdul-Mahdi, however, who took office last year. In January, the Iraqi parliament passed budget measures to pay public sector employees in the Kurdistan Region.

US business delegates believe now is an opportune time for American companies to invest in the Kurdistan Region and Iraq, even as the US maintains a security warning for its citizens looking to travel to Iraq amid tensions between with Iran. 'We think it is an opportune time for American companies to be looking to come in to invest and do business,' VP of Middle East Affairs at the US Chamber of Commerce Steve Lutes told Rudaw in an interview this week.

Both Kurdish and foreign officials say there is room for improvement in the business sector in the Kurdistan Region and Iraq, however. Lutes expressed the banking sector needs to be updated. 'Modernizing the banking system in Iraq is one of the most important things that we as the business community, as a business advocacy organization, should be focusing on,' he said.

Aras Sheikh Raouf, from the KRG Ministry of Trade and Industry, also said the country needs a better banking system to attract investment across multiple sectors. 'In order to draw the attention of foreign companies to invest more in tourism, industrial and agricultural sectors, we should give privileges to them and have an active banking system,' he told Rudaw this week.

[DinarThug]

LINK

Improving Erbil-Baghdad relations great for US investors: trade official

 

 

4th July, 2019   VIDEO in Engish on link

Recent improvement in the relationship between the federal government in Baghdad and the Kurdistan Regional Government (KRG) have created an attractive business environment for US companies to invest, a US trade official told Rudaw. 

A memorandum of understanding was recently signed between the US Chamber of Commerce and the KRG to enhance investment and trade relations.

The memorandum “focuses on how can we as two different business communities work together”, Steve Lutes, vice president of Middle East Affairs at the US Chamber of Commerce, told Rudaw's Omar Muradi on June 27. 

“It is all about engagement and exchange. So, some of that is on an information basis. It is letting US companies know what the opportunities are here for investment and commercial activity across the range of the economy. And some of that is also informing businesses here about how they can pursue partners and even opportunities in the United States,” Lutes said. 

“In addition to the information exchange, it is also about what we are doing here, looking to accomplish with our business delegations visit, which is actually bringing people here, business leaders to see things first hand,” he added.

The Kurdistan Region and Iraq are emerging from a costly war with the Islamic State group (ISIS), which seized large swathes of territory in the summer of 2014. Many cities were devastated in the battle to retake these territories. The jihadist group was declared territorially defeated in Iraq in December 2017. Much of the territory previously ruled by ISIS lie in ruins and in dire need of reconstruction and basis services.

Iraq is trying to attract foreign companies to invest in the country. American firms want to expand trade with Erbil and Baghdad, which are slowly rebuilding relations after the Region’s referendum for independence from Iraq in late 2017 led to a brief armed conflict and embargoes on the Region’s trade, travel, and diplomacy.  The crisis further damaged the Region’s economy, already wounded by budget cuts and a financial crisis. 

The improvement in relations between the KRG and the federal government in Baghdad has created good conditions for foreign companies to invest, Lutes said. “We know that Iraq and the Kurdistan Region of Iraq are at a pivotal moment. We think it is an opportune time for American companies to be looking to come in to invest and do business,” the trade official said. “We are hopeful that we will see not only more energy companies, but more healthcare companies, more IT companies, more agriculture companies, running that range of the economy coming here and looking at those types of commercial and investment opportunities.”

Lutes said US companies can also help modernize Iraq’s antiquated financial sector. “Modernizing the banking system in Iraq is one of the most important things that we as the business community, as a business advocacy organization, should be focusing on,” he said.

[DinarThug]

LINK

Sunnis agree to authorize Abdul Mahdi to resolve education

 

 

6th July, 2019

The deputy of the coalition forces Zaytun al-Dulaimi, on Saturday, the agreement of the Sunni blocs to authorize Prime Minister Adel Abdul-Mahdi nominate candidate or candidate for education, stressing that the resolution of the vote will be this week.

"Differences over the candidate of the Ministry of Education called for joint and unilateral meetings between the Sunni forces to authorize the prime minister to choose a candidate or a candidate for the education portfolio," Dulaimi said in a statement.

She added that "the resolution of the file of the education candidate will be during the current week,"indicating that "the blocks and Sunni forces required authorization to be the candidate or candidate for the education portfolio exclusively of the Sunni component and falls within the entitlement." 

[DinarThug]

LINK

The House of Representatives announces the agenda of the session next Monday

 

 

 

2019/7/6 17:20

 

 

The House of Representatives, announced the agenda of the session next Monday, which includes a vote on four laws and another reading.

 

 

 

 

Translation ....

First: Vote on the proposed amendment to the first law of the federal budget of the Republic of Iraq for the fiscal year and 4. (1) for the year 2019 (Finance Committee Article) = L 0EE 

Second: the vote on the draft law amnesty from tax penalties Financial Committee Committee on Economy and Investment). (Article) =

Third: vote on the second mining law of the law of the Union of Geologists No. (11) for the year = T. (Committee of Civil Society Institutions and Parliamentary Development). (MODE VI: General Discussions Ed?)

[DinarThug]

23 hours ago, 6ly410 said:

 

"Finance" expects to increase Iraq's reserves of foreign currency to 86 billion dollars

 

2019-07-05 17:26:27

https://www.shafaaq.com/ar/اقتصـاد/المالية-تتوقع-ارتفاعا-باحتياطي-العراق-من-العملة-الصعبة-الى-86-مليار-دولار/

 

The House of Representatives Finance Committee on Friday expected the rise in crude oil prices on world markets to increase the reserves of Iraq from foreign currency to 86 billion US dollars.

Hoshyar Abdullah, a member of the committee, said in a publication on social networking sites today that, taking advantage of high oil prices, Iraq's foreign currency reserves are expected to reach 86 billion dollars.

"Everyone knows that the main revenues of Iraq are from oil exports and with the costs of war against the organization and the existence of displacement and the consequent financial crisis and low oil prices, but it has been able to stabilize the economic situation in Iraq, especially with regard to monetary policy" .

 

Central: The total foreign reserves to 72 billion dollars

 

Friday, 05 July 2019

 

Baghdad / Al-Sabah

The central bank announced the rise of total foreign reserves to 72 billion dollars, indicating that the increase is the result of the investment policy followed by the bank and the diversification of using safe tools.

"The total foreign reserves increased to 72 billion US dollars in light of the data for the first half of 2019," an authorized source at the bank said in a statement received by Al-Sabah. "These reserves could rise to 86 billion dollars if The Ministry of Finance and taking advantage of the high export revenues of oil, the payment of $ 14 billion to the Central Bank, which represent the remittances of the treasury, which the bank during the period of financial crisis, seeking to achieve financial stability at the time.

He added that "this increase is the result of the investment policy pursued by the bank and the diversification of the use of safe tools, which strengthens the international credit situation, and strengthens confidence in the Iraqi economy, as part of efforts to achieve monetary stability, as confirmed by exchange rate indicators, which remained in a state of balanced stability Over the past two years ".

The source added that "the achievement of this increase came in light of the continuation of the bank's financial initiatives in support of investment projects, including the initiative of funding 5 trillion Iraqi dinars, for the projects of housing, agriculture and industry, in addition to the amount of trillion dinars for small and medium enterprises, thereby contributing to reducing unemployment rates."

link

[6ly410]

Keep it coming bro thanks a lot 

[navira]

Let's go...good news are pouring in bros

[DinarThug]

LINK

Minister of Planning from Karbala: There are no obstacles to the census next year

 

6th July, 2019

Minister of Planning Nuri al-Dulaimi, on Saturday, approved the transfer of funds from projects languishing in Karbala to projects "important" in the province, while stressing the lack of obstacles on the conduct of the census next year.

"We are supportive of the new local government, " al-Dulaimi told a news conference in Karbala in the presence of Governor Naseef al-Khattabi and Speaker of the Council Ali al-Maliki. 

Al-Dulaimi pointed out, "the approval of the transfer of funds from projects lagging to important projects," noting: "will be stopped (project) government building, and the funds turn to the construction of schools and hospitals of $ 15 billion."

 

Separately, Dulaimi said: "We will conduct a general census of the population of Iraq next year, and there are no obstacles on this so far."  Dulaimi announced on Monday (May 6, 2019) that the technical procedures for the census planned for 2020 will begin.

[Synopsis]

Just now, DinarThug said:

First: Vote on the proposed amendment to the first law of the federal budget of the Republic of Iraq for the fiscal year and 4. (1) for the year 2019 (Finance Committee Article) = L 0EE 

 

YYYEEEAAAHHH BBBAAABBBYYY!!!!!!!!!!!!!!!!!!!!!

 

Maybe BABY NOT explicitly stated, THEE Bicraqi Iraqi Dinar EXCHANGE VALUE maybe BABY INDICATED HERE!!!

 

IF I recall correctly, the Bicraqi Iraqi Crude Oil revenues ARE STATED IN USD. THEE BUDGET VALUES IN Bicraqi Iraqi Dinars. MY (NOTE: MY) memory is vague HERE BUT I thought I recall mention of a NOMINAL Bicraqi Iraqi Dinar vs. USD value FOR certain budgetary requirements.

 

SO..........................................................................

 

Even though passed, mid year by the way, THEE published Gazette article maybe BABY the DEBUT!!! I am a little foggy HERE, too, but I thought THERE IS a time limit for PUBLISHING in the Gazette like days or weeks once passed. Sadr is wanting the ReInstatement SO I suspect ACTION JACKSON HERE!!!

 

GOOD NEWS AND SOMETHING TO WATCH!!!

 

In The Mean Time...............................................................................

 

The "Standard" "Disclaimer" Applies.................................................

 

AND (of course).................................................................................

 

Go Moola Nova (YEAH AND YEE HAW, BABY, READY WHEN YOU ARE BROTHER (OR SISTER) - LET 'ER BUCK!!!)!!!

    

[DinarThug]

{The Millions of Arabs} discuss a series of economic reports

 

Friday, 05 July 2019

 

 

Abu Dhabi / Morning follow up

The Permanent Bureau of the Board of Governors of Central Banks and Arab Monetary Institutions will hold its annual meeting next Sunday in the city of Abu Dhabi to prepare for the next forty-third session 

Lamps

The meeting will be chaired by the Governor of the Central Bank of Yemen Hafez Fakhir Muayyad, the current chairman of the Board, the Assistant Secretary General for Economic Affairs of the Arab League Secretariat Dr. Kamal Hassan Ali and the Director General of the Arab Monetary Fund Dr. Abdulrahman bin Abdullah Al-Humaidi.

 

Group of reports

The agenda of the meeting, in addition to the report of the secretariat of the Council presented by Al-Humaidi, will include a report on the work of the Arab Banking Supervision Committee, two reports on the work of the Regional Working Group on Enhancing Financial Inclusion in the Arab States and the Financial Stability Working Group in the Arab States, And another on the work of the Arab Committee for Payment and Settlement Systems.

The meeting will discuss the work of the Group of Modern Financial Technologies, established by the Arab Monetary Fund, to study and follow up the developments and applications of modern financial technologies in the Arab region.

It will also discuss a set of working papers prepared by the committees and working groups of the Council, the most important of which are banking supervision of institutions of systemic importance locally, operational risk frameworks and aspects related to cyberspace security prepared by the Arab Banking Supervision Committee.

 

Financial Inclusion

The discussion also includes the topics of digital banking identity and responsible finance - policies, tools and experiences, as well as a report on the activities of the Arab Day for Financial Inclusion prepared by the Regional Task Force for Enhancing Financial Inclusion in Arab Countries. 

The topics of the movements of risky assets and their impact on financial stability, the risks and implications of the encoded currencies on the financial sector, the size of the indebtedness of the family sector in the Arab countries and their impact on financial stability, the indicators of the safety of the corporate sector and the identification of risks and repercussions on the financial sector in the Arab countries prepared by Stability team 

Financial institutions.

Issues covered by the Arab Credit Information Committee include the application of advanced methodologies related to artificial intelligence in the field of credit inquiry, registration systems of funds transferred in the Arab countries, as well as the general principles of credit rating for SMEs: Arab experiences.

 

Currencies

At the Arab Commission for Payment and Settlement Systems, the topics include the use of digital currencies in payment systems, the experience of immediate payments in Arab countries, and the uses of the Balukshin technique in payment processes: prospects and opportunities. The topics covered by the regional working group will include modern financial techniques, including the experiences of collective finance applications in the Arab countries, the techniques of the blocin and the safety of the financial sector.

The agenda will include a number of issues of interest to central banks and Arab monetary institutions, in particular the follow-up to the implementation of the Arab clearing project, as the Arab Monetary Fund intensifies its efforts to establish the regional institution for clearing and settlement of inter-Arab payments.

It is worth mentioning that the project aims to promote Arab intra-Arab investments and trade and the use of Arab currencies. The meeting will discuss the draft issues proposed for inclusion in the unified Arab discourse for 2019 at the annual meetings of the International Monetary Fund and the World Bank scheduled for next October in Washington.

link

[DinarThug]

15 minutes ago, DinarThug said:

The House of Representatives announces the agenda of the session next Monday

 

 

 

2019/7/6 17:20

 

 

The House of Representatives, announced the agenda of the session next Monday, which includes a vote on four laws and another reading.

 

 

 

 

Translation ....

First: Vote on the proposed amendment to the first law of the federal budget of the Republic of Iraq for the fiscal year and 4. (1) for the year 2019 (Finance Committee Article) = L 0EE 

Second: the vote on the draft law amnesty from tax penalties Financial Committee Committee on Economy and Investment). (Article) =

Third: vote on the second mining law of the law of the Union of Geologists No. (11) for the year = T. (Committee of Civil Society Institutions and Parliamentary Development). (MODE VI: General Discussions Ed?)

 

LINK

Parliament Speaker: Intensified sessions of the House of Representatives this month to resolve three important files

 

6th July, 2019

The decision of the House of Representatives Khadija Ali, Saturday, that the parliament decided to intensify its meetings during the month to complete three files, "important and necessary," including the amendment of the budget law.

In an interview with Alsumaria News, Ali said that "the House of Representatives decided during this month to intensify its sessions by two sessions every week for Monday and Thursday, including two days for the work of parliamentary committees," indicating that "the intensification of parliamentary sessions during this month came to resolve three files are important and necessary."

 

"The first file concerns the amendment of the draft budget law in order to give the legal cover to extend the work of agencies and special grades to reach the government's resolution of this important and vital file," she said, adding that "the other file is to resolve the candidate of the Ministry of Education being an important ministry and linked to a large segment of Iraqis Which is the student segment."

Ali pointed out that "the third file is no less important than the two previous files, which is the service laws and laws related to the work of the Iraqi state, including the Federal Court Act and a number of other laws that need to work to complete them. The legislative recess was due to begin on Wednesday, but the speaker of the House of Representatives decided to extend the second legislative term for one month in order to complete the "important" laws.

[DinarThug]

Service sector binaries

 

Friday, 05 July 2019

Thamer Hymes

When asked about the possibility of saving the world in one hour, he replied that the first 55 minutes should identify the problem in its fields, elements and dimensions, and the remaining 5 minutes to solve it.

The service is extended from electricity to housing, banking, trade, education, health and transportation, and is therefore the largest and most extensive in its direct contact. With everyone.

We have models of diodes in the services sector, such as electricity, health and banks, are not integrated and their objective is not unified or developed, as we have seen in the electricity between the collection and processing of energy as it delayed, as well as the duplication of meeting the energy needs of civil generators and national electricity. 

Integrated.   

As for the banking service provided to retirees, for example, there are differences between the commission of the merchant (the owner of the port) and the commission of Rafidain and Rashid Bank, ranging from zero in the two banks and the owners of outlets ranging from official, three in a thousand to a simple increase between the seller and the buyer. .

Therefore, it is necessary to review where the process of settling salaries in Iraq has not yet been completed, and that the ports have not developed into an agent of the bank as promoters and they do not have ATMs, which means that they are duplicative. If they do not have a new product, Or a bureaucratic extension with its functions.    

The direct health service is double even within the public sector. For example, the private nursing home in the city of medicine is a five-star care for the affluent, and just a few meters from it in the same institution, its service is free of charge with one or two stars at best. Health, and development of clinics for preventive treatment, and then do not remind us by demanding the most basic constitutional and legitimate rights, in terms of improving services and raising the quality of life and access to electricity and improve the reality of health, housing and education, where the disparity and duplication and lack of integration between the public and private sectors always What is in these sectors master

 Situation .      

The current stage requires decision-makers to identify the dimensions and horizons of these sterile binoculars, if they continue in this mode of performance, in the administration of the service facilities to be the last five minutes of Einstein's hour at the lowest cost and keep pace with the integration of the three service sectors.

link

[DinarThug]

11 hours ago, DinarThug said:

LINK

German Ambassador: Siemens will sign next week the first phase with Iraq

 

4th July, 2019

The German ambassador to Iraq Cyril Nun said on Thursday that Siemens will sign the first phase contract with the Iraqi Ministry of Electricity next week to establish two 800-megawatt stations.

"Siemens will sign a contract next week with the Ministry of Electricity for the first phase of the road map to supply Iraq with electricity," said Noun in an exclusive interview with Alsumaria channel. "The contract will include the construction of two 800-megawatt power plants."

 

He added that "German companies feel comfortable during their work in Iraq ," noting that "companies are engaged in many activities, whether in the field of energy and energy infrastructure, hospitals and other projects."  On the other hand, Naon noted that "the government has granted 1.5 billion euros for the reconstruction of cities devastated by Daesh and provide appropriate conditions for the repatriation of refugees rapidly and the country's return to stability again, " explaining that "the German government has also granted 500 thousand euros as a loan for this purpose."

 

Prime Minister Adel Abdul-Mahdi announced on Tuesday (April 30, 2019) the signing of four agreements with Siemens, a German company, worth 14 billion dollars.

 

 

Siemens begins electricity roadmap with two plants

 

Friday, 05 July 2019

 

 

Baghdad / Al-Sabah 

 

The German Ambassador to Iraq Cyril Nun said that Siemens will sign the first phase contract with the Iraqi Ministry of Electricity this week to establish two 800 MW stations. "Siemens will sign a contract this week with the Ministry of Electricity for the stage, The first of the road map to provide Iraq with electricity, "noting that the contract will include" the construction of two 800 MW electric power stations. "

He added that "German companies feel comfortable during their work in Iraq," noting that "companies are engaged in many activities, whether in the field of energy and energy infrastructure or hospitals and other projects." It is noteworthy that Prime Minister Adel Abdul Mahdi, April 30, the signing of four agreements with the company "Siemens" German, worth 14 billion dollars.

On the other hand, Ambassador Nun stressed that "the German forces present in Iraq are not combat, but came under the mandate of the Iraqi government." He pointed out that "these forces help the Iraqi armed forces to train in the fields of military, medical and logistical as well as protection against chemical weapons."He added that "the number of German soldiers in Iraq is 150 soldiers," pointing out that "half of them work in Taji and others work in Erbil," and that "these work under the scope of legal given by the Iraqi government," noting that "if the Iraqi government requested their withdrawal It will be done immediately. "

link

[Rugbylaird19]

1 hour ago, Synopsis said:

 

YYYEEEAAAHHH BBBAAABBBYYY!!!!!!!!!!!!!!!!!!!!!

 

Maybe BABY NOT explicitly stated, THEE Bicraqi Iraqi Dinar EXCHANGE VALUE maybe BABY INDICATED HERE!!!

 

IF I recall correctly, the Bicraqi Iraqi Crude Oil revenues ARE STATED IN USD. THEE BUDGET VALUES IN Bicraqi Iraqi Dinars. MY (NOTE: MY) memory is vague HERE BUT I thought I recall mention of a NOMINAL Bicraqi Iraqi Dinar vs. USD value FOR certain budgetary requirements.

 

SO..........................................................................

 

Even though passed, mid year by the way, THEE published Gazette article maybe BABY the DEBUT!!! I am a little foggy HERE, too, but I thought THERE IS a time limit for PUBLISHING in the Gazette like days or weeks once passed. Sadr is wanting the ReInstatement SO I suspect ACTION JACKSON HERE!!!

 

GOOD NEWS AND SOMETHING TO WATCH!!!

 

In The Mean Time...............................................................................

 

The "Standard" "Disclaimer" Applies.................................................

 

AND (of course).................................................................................

 

Go Moola Nova (YEAH AND YEE HAW, BABY, READY WHEN YOU ARE BROTHER (OR SISTER) - LET 'ER BUCK!!!)!!!

    

I'm scratching my head on this one. I wish I could see with my eyes what you see with yours.

[Synopsis]

Just now, Rugbylaird19 said:

I'm scratching my head on this one. I wish I could see with my eyes what you see with yours.

 

 Hopeful Anticipation On MY (NOTE: MY) Part, RugbyLaird19, AND The Very Best Of The Rest Of Your Weekend AND Up Coming Week To You!!! 

 

PAST speculation suggested mid year is A time to ReInstate THEE Bicraqi Iraqi Dinar. HERE is mention of an amendment. I (NOTE: I) do NOT remember supplemental budgets being implemented for A given year of operation. I do remember the revenues having to be stated in USD AND the allocation stated in Bicraqi Iraqi Dinar IN the budget.

 

SO.......................................................................

 

The mythical math MAY drop out WHEN the "approved" "supplemental" "budget" is broadcast.

 

I am currently out of purple trophies AND emeralds. For NOW, please accept ++++++++++++++++++++++++++++++++++++

 

Go Moola Nova!

[Rugbylaird19]

1 hour ago, Synopsis said:

 

 Hopeful Anticipation On MY (NOTE: MY) Part, RugbyLaird19, AND The Very Best Of The Rest Of Your Weekend AND Up Coming Week To You!!! 

 

PAST speculation suggested mid year is A time to ReInstate THEE Bicraqi Iraqi Dinar. HERE is mention of an amendment. I (NOTE: I) do NOT remember supplemental budgets being implemented for A given year of operation. I do remember the revenues having to be stated in USD AND the allocation stated in Bicraqi Iraqi Dinar IN the budget.

 

SO.......................................................................

 

The mythical math MAY drop out WHEN the "approved" "supplemental" "budget" is broadcast.

 

I am currently out of purple trophies AND emeralds. For NOW, please accept ++++++++++++++++++++++++++++++++++++

 

Go Moola Nova!

Thank you good sir for your response. Been a bit bummed since the 4th of July/Trump announcement came and went. Always looking for the next window or straws to grasp. Thanks again.

[DinarThug]

2 hours ago, DinarThug said:

Kurdistan Region marks uptick in foreign Business Registration 

 

 

4th July, 2019

The number of foreign businesses registering in Erbil for 2019 has already surpassed the number that registered all of last year as the economic, political and security situation improves in the Kurdistan Region.

Better security following the Islamic State's defeat and less regulation caused the increase, according to one Kurdistan Regional Government (KRG) official.

'Improvement of security and economic conditions in the Kurdistan Region, its stability and the reduction of bureaucratic measures in registering companies were the reasons why foreign companies turned to the Kurdistan Region again,' KRG Department for Company Registration head Pishtiwan Warti told Rudaw this week.

Some 28 foreign companies registered in 2018 to conduct business in Erbil. In the first six months of 2019, 33 companies have already registered, Warti revealed. This brings the total of foreign companies registered in the entire Kurdistan Region 3,252, according to Department for Company Registration figures. A majority 2,371 of these companies are in the Kurdistan Region capital of Erbil.  The Kurdistan Region is making a push to improve business ties with the outside world.

On June 30, Turkish business delegates arrived in Erbil for a summit aimed at attracting new investors. Some business people in Kurdistan are optimistic that Turkish companies, which have long exported goods to Kurdistan, will instead consider opening factories in the Region. 'We will be encouraging traders who have been exporting their goods to Kurdistan to bring their factories to Kurdistan and invest from here,' the president of the Kurdistan Association of Importation and Exportation, Gailan Haji Sahid, told Rudaw at the summit. In April, Iranian, Saudi, Turkish and other companies came to Erbil for a KRG-sponsored oil and natural gas fair.

The largest number of companies hails from Turkey, which has 1,421 companies in the Kurdistan Region. Iran followed with 362. The rest of the companies come from Middle Eastern and Western countries with 181 from the United Arab Emirates, 178 from Lebanon, 156 from the UK, 141 from the US, 109 from Jordan, 87 from Germany, 63 from Italy and 42 from Romania.

The Kurdistan Region faced a financial crisis that dragged on for years starting in 2014 amid a budget dispute with Baghdad and subsequent cuts, falling oil prices, and the war with the Islamic State (ISIS) and the influx of 1.8 million displaced Iraqis and Syrian refugees. More than 60 percent of investment projects in education, health, roads and public services have resumed since stopping amid the crisis, however, according to the Kurdistan Investors' Union.

The Kurdistan Regional Government (KRG) is seeking better business ties abroad due to the improved security situation post the Islamic State (ISIS)'s defeat in Iraq and better relations with Baghdad. In late 2017, the federal government imposed an air and diplomatic embargo on the Kurdistan Region due to the Kurdistan independence referendum. Federal forces also retook the disputed territories from the Peshmerga at this time.

Relations have improved under Iraqi Prime Minister Adil Abdul-Mahdi, however, who took office last year. In January, the Iraqi parliament passed budget measures to pay public sector employees in the Kurdistan Region.

US business delegates believe now is an opportune time for American companies to invest in the Kurdistan Region and Iraq, even as the US maintains a security warning for its citizens looking to travel to Iraq amid tensions between with Iran. 'We think it is an opportune time for American companies to be looking to come in to invest and do business,' VP of Middle East Affairs at the US Chamber of Commerce Steve Lutes told Rudaw in an interview this week.

Both Kurdish and foreign officials say there is room for improvement in the business sector in the Kurdistan Region and Iraq, however. Lutes expressed the banking sector needs to be updated. 'Modernizing the banking system in Iraq is one of the most important things that we as the business community, as a business advocacy organization, should be focusing on,' he said.

Aras Sheikh Raouf, from the KRG Ministry of Trade and Industry, also said the country needs a better banking system to attract investment across multiple sectors. 'In order to draw the attention of foreign companies to invest more in tourism, industrial and agricultural sectors, we should give privileges to them and have an active banking system,' he told Rudaw this week.

 

2 hours ago, DinarThug said:

Improving Erbil-Baghdad relations great for US investors: trade official

 

 

4th July, 2019   VIDEO in Engish on link

Recent improvement in the relationship between the federal government in Baghdad and the Kurdistan Regional Government (KRG) have created an attractive business environment for US companies to invest, a US trade official told Rudaw. 

A memorandum of understanding was recently signed between the US Chamber of Commerce and the KRG to enhance investment and trade relations.

The memorandum “focuses on how can we as two different business communities work together”, Steve Lutes, vice president of Middle East Affairs at the US Chamber of Commerce, told Rudaw's Omar Muradi on June 27. 

“It is all about engagement and exchange. So, some of that is on an information basis. It is letting US companies know what the opportunities are here for investment and commercial activity across the range of the economy. And some of that is also informing businesses here about how they can pursue partners and even opportunities in the United States,” Lutes said. 

“In addition to the information exchange, it is also about what we are doing here, looking to accomplish with our business delegations visit, which is actually bringing people here, business leaders to see things first hand,” he added.

The Kurdistan Region and Iraq are emerging from a costly war with the Islamic State group (ISIS), which seized large swathes of territory in the summer of 2014. Many cities were devastated in the battle to retake these territories. The jihadist group was declared territorially defeated in Iraq in December 2017. Much of the territory previously ruled by ISIS lie in ruins and in dire need of reconstruction and basis services.

Iraq is trying to attract foreign companies to invest in the country. American firms want to expand trade with Erbil and Baghdad, which are slowly rebuilding relations after the Region’s referendum for independence from Iraq in late 2017 led to a brief armed conflict and embargoes on the Region’s trade, travel, and diplomacy.  The crisis further damaged the Region’s economy, already wounded by budget cuts and a financial crisis. 

The improvement in relations between the KRG and the federal government in Baghdad has created good conditions for foreign companies to invest, Lutes said. “We know that Iraq and the Kurdistan Region of Iraq are at a pivotal moment. We think it is an opportune time for American companies to be looking to come in to invest and do business,” the trade official said. “We are hopeful that we will see not only more energy companies, but more healthcare companies, more IT companies, more agriculture companies, running that range of the economy coming here and looking at those types of commercial and investment opportunities.”

Lutes said US companies can also help modernize Iraq’s antiquated financial sector. “Modernizing the banking system in Iraq is one of the most important things that we as the business community, as a business advocacy organization, should be focusing on,” he said.

 

7-6-2019   Newshound Guru chattels 

"The improvement in relations between the KRG and the federal government in Baghdad has created good conditions for foreign companies to invest ", Lutes said..." 

“We know that Iraq and the Kurdistan Region of Iraq are at a pivotal moment.

We think it is an opportune time for American companies to be looking to come in to invest and do business...” 

I used to say that as Kurdistan goes, so goes our investment. 

What I meant and mean is that Baghdad - Erbil relations are key to socio-economic stability and a functional government, IMO.

Does the foregoing article mean that we have arrived at such a point?

No. but hope springs eternal.

[Synopsis]

26 minutes ago, Rugbylaird19 said:

Thank you good sir for your response. Been a bit bummed since the 4th of July/Trump announcement came and went. Always looking for the next window or straws to grasp. Thanks again.

 

 I Hear You, RugbyLaird19, AND ALL The Very Best!!! 

 

MY (NOTE: MY) opinion is there ARE so MANY moving parts to THIS internal to AND INTERNATIONAL to Iraq THAT THIS will be likie grinding some gears RATHER THAN shifting ALL gears smoothly. I suspect the "ReInstatement" of the Bicraqi Iraqi Dinar will simply be a posting on FOREX, etc. NOT a major announcement. There may be BABY some RELATED news likie The United States Of America AND China Agreed AND Implementable Trade Deal. MY (NOTE: MY) opinion is THIS ALL goes back to former President Tricky AND Mousy Dung agreements circa 1972 to "open" "up" China. To ME (NOTE: ME) THAT was a restart of the Old, er, NEW Silk Road. In MY (NOTE: MY) opinion, rogue The United States Of America AND other "Deep" "State" actors had intervened WITH the ensuing mayhem in the Muddle East THAT MUST BE mitigated for the FULL implementation of THEE Old, er, NEW Silk Road. My understanding is a work around is in place AROUND Iran with the Belt AND Road Initiative. The thing that remains is to neutralize the Insanians, to INCLUDE the Insanian IRGC, for trade to jump start from China to Europe AND back WITHOUT INTERFERENCE. Once North Korea is beginning to be reassimilated, the South Koreans will benefit, too, with the trade through North Korea AND back. Vietnam AND ALL the others linking up to the Old, er, NEW Silk Road WILL benefit GREATLY as well.

 

Things likie the True The United States Of America Vice President Mike Pence AND New Hampshire WITH ensuing announcement(s) TO BE made in the next week or so indicates the intransigence of the "Deep" "State" going to ANY extreme to "keep" "power".

 

I do think the ACTION precedes THEE ANNOUNCEMENT(S) so !!!SUDDENLY!!! WILL LIKIE !!!SURPRISE!!!

 

Well, OK,........................................................................................

 

In The Mean Time........................................................................

 

The "Standard" "Disclaimer" Applies..........................................

 

AND (of course)...........................................................................

 

Go Moola Nova (YEAH AND YEE HAW, BABY, READY WHEN YOU ARE BROTHER (OR SISTER) - LET 'ER BUCK!!!)!!!

   

[DinarThug]

5 hours ago, Rugbylaird19 said:

I'm scratching my head on this one.

 

 

 

 

     

[DinarThug]

5 hours ago, Rugbylaird19 said:

I'm scratching my head on this one.

 

 

 

 

     

[DinarThug]

The value of the currency on the expert table

 

Sunday 07 July 2019

 

Baghdad / Hussein Thugb

 

 

The importance of the Iraqi currency and its impact on the Iraqi economy in light of the current changes The Department of Economic Studies in Beit al-Hikma held a scientific symposium entitled (Change the value of the Iraqi currency .. benefits and costs) with the participation of financial and economic experts in the public and private sectors.

The symposium was moderated by Dr. Falah Hassan Thwaini, supervisor of economic studies at Bayt al-Hikma last weekend, with the participation of the financial adviser to Prime Minister Dr. Muthahra Mohammad Saleh, as well as Professor Dr. Mahmoud Mohammad Dagher, Director of the Department of Financial Operations and Debt Management of the Central Bank of Iraq.

The participants dealt with the reality of changing the value of the Iraqi currency and the reduction of the Iraqi dinar, and its impact on the Iraqi economy, some describe this reduction as a support for the global economy and some see the deterioration of the purchasing power of the Iraqi individual.

New policies

Dr. Mohammed Saleh spoke about the policy of the Central Bank since its establishment so far in a concise and clear way as the bank's goal is to manage the monetary expectations and how Iraq's oil revenues from 2003 to 2014 are improving continuously. 

He pointed to "the role of Iraq and the agreements signed with the International Monetary Fund and its impact on the Iraqi economy," and the importance of the need for new policies are consistent with the policy of the Central Bank to reach solutions.

 

Cash balances

Dr. Mahmoud Mohammed Dagher discussed the current exchange rate regime for two years in Iraq and mentioned facts about the Iraqi economy for 2019. 

The decision to devalue the Iraqi currency is effective in all the monetary and real balances of the Iraqi economy, because one of the causes of inflation, which ignites expectations and pressures towards the continuation of its decisions subsequent reductions.

Then he talked about reserves since 2019 to today, and then the exchange rate has been stable for more than a year.

"The actual external debt is 24 billion dollars, and the annual short debt is between 1.5 and 2 billion dollars," he said.

 

Tax reality

Dagher warned that "the decision to reduce the currency risk, because it affects all balances," and then go to the tax and customs fact down to inflation levels.

"Monetary action needs a positive change in the industrial and agricultural sectors, especially as we are financially weak economically".

Dagher concluded that "the value of the currency raises inflation and here is the main benefit of the dollar campaign."

 

Economic sectors

The Academy d. Said that "some of the experiences were temporarily reduced to overcome a crisis and then returned, do we have the potential to adopt such a way?" 

Issues? ".

"The need for multilateralism in building economic and productive sectors in particular, as well as the activation of other agricultural policies Industrial ".

 

Global experiences

"The financial sector is the cornerstone of the stage of economic development sought by the country, and the introduction of such an important subject before financial experts is the need to come out with effective treatment, and can

 Taking advantage of global experiences in this direction, to find out the merits of the subject and to know the actual benefit of the National economy ". 
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[DinarThug]

The importance of administrative reform

 

Sunday 07 July 2019

Yasser Al Metwally

One of the most important international drawbacks to the administrative performance that makes Iraq at the bottom of the international rating and classification lists in this area is our lack of quality management systems according to the ISO international view, which includes 80 standards.

This phenomenon is one of the reasons for making the environment of Iraq an investment repellent and not to abuse the major international companies with Iraq, despite the considerable privileges enjoyed by the country to have the most investment opportunities at the international level, because of facing difficulties in performance and administrative handling and routine killer.

In order to improve the administrative performance of the "administrative reform", it is necessary to adopt the serious international quality systems and standards based on the houses of expertise and prestigious and thus can get out of the dilemma of chaos administrative, economic and organizational.

Years ago, attempts were made by the executive branch through the streamlining of government procedures to eliminate the routine. For this purpose, committees have been set up to follow up, audit and evaluate implementation, and the fact that this program has achieved many achievements in the field of procedures and related transactions.

But the efforts quickly disappeared and the chaos of procedures and routines, which can only be interpreted as a tool to establish an unhealthy situation, has returned.

The world is making great strides in administrative systems using modern systems and technology.

In developed countries, the most complex administrative transactions are accomplished through computer technology and the Internet, within an hour or two at the most, to complete any transaction.

While the individual spends in Iraq days, hours and months to complete a traffic transaction, for example, passport or tax accounting, and ask Lamwat's writings spent decades for the purpose of liquidation of a legacy.

The importance of administrative reform in investing time is an optimal investment so that everyone will turn to rebuilding the nation of war, crises and underdevelopment.

It is inconceivable that we are on the threshold of the twenty-second century and we are still drawing the left thumb on many transactions.

We hope that the next phase will be a stage of sound administrative construction in order to achieve other reforms with one basket.

It is enough for us to move towards building an Iraq parallel to its potentials and resources, and to rise to the ranks of the most prestigious and advanced countries.

The bottom line is that we need administrative reform and its requirements to adopt performance quality standards, since any international standards are the only solution to reclassify Iraq at the top of the list of developed countries administratively and encourages international companies to enter their funds and investments. Thus, administrative reform is the entry feature and here lies its importance.
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