Spiked Camel Kava Llama Java !

[DinarThug]

The Iraqi parliament approves the appointment of the ministers of health and education

 

 

‘Archive image

 

 

 10 October 2019 09:50 PM

 

 

Direct: The Council of Representatives of Iraq, the nomination of Suha Khalil Hussein, Minister of Education, and Jaafar Sadiq Allawi, Minister of Health .

This came after a vote of the Council, on Thursday, and accept the resignation of the former Minister of Health, according to the Iraqi News Agency "conscious ".

During the session, the new Minister of Education, Suha Khalil Hussein, was sworn in before the session was adjourned .

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[davis411]

There you go folks

thanks thugs

 

now bobs your uncle 

[DinarThug]

Iraq: A limited cabinet reshuffle to absorb popular anger… and a woman for the education portfolio

 

- 6 Hours Have Passed

 

 

Iraq appointed two new ministers of education and health yesterday, a day after Prime Minister Adel Abdul Mahdi pledged a cabinet reshuffle and reforms to try to curb unrest.

Soha Khalil has become one of the few women to be ministers in Iraq. Parliament approved her appointment and also approved the appointment of Jaafar Allawi as health minister, after his predecessor resigned before the recent wave of unrest.

Abdul-Mahdi, the day before yesterday, mourning three days for the deaths of the protests, starting yesterday. He said he did not order the use of live ammunition, and announced measures aimed at calming demonstrators, including a reshuffle, punishing corrupt officials, providing jobs for the unemployed, and paying salaries to poor families.

In a sign that parliament is still divided, dozens of members boycotted the rest of the session yesterday, after the approval of the ministerial appointments.

House member Hisham al-Suhail, who withdrew from the session, said the deputies voted for two vacant ministries so that they could resume their work, explaining that the prime minister should have made changes in corrupt ministries, without giving details. Some members of the House of Representatives, who oppose the influence of Iranian-backed factions, which have links to armed groups supporting Abdul Mahdi, had suspended their participation in parliament during the unrest.

Many Iraqis suffer from poverty, with little access to clean water, electricity, basic health care or adequate education, as the country tries to recover from years of war. During the unrest, which began in Baghdad and then spread to southern cities, security forces used live bullets and tear gas against protesters, cut off Internet access for several days, and arrested activists and journalists covering the protests.

More reform is likely to erupt if reform is not implemented quickly. Authorities still severely shut down the Internet 10 days after the violence began, although no serious violence has been reported since Sunday.

In the context, the Supreme Judicial Council, yesterday, the approval of the Court of Inquiry Hilla in the province of Babylon, the confessions of a security element admitted to cause the killing of a demonstrator in the province.
Mass demonstrations began in early October in Baghdad and the central and southern governorates. To kill times the stated number.

The Judicial Council said in a statement that «the court investigating Hilla ratified the statements of three detainees; including an affiliate in the riot force admitted to cause a martyr demonstrator in the center of the province through gunfire». He added that «the court recorded his statements on the basis of the provisions of Article (406) of the Iraqi Penal Code, and conducted a disclosure indication in preparation for referral to the competent court».

Also, the head of the Supreme Judicial Council, Judge Fayeq Zaidan, yesterday, to resolve the cases of detainees in the demonstrations and to immediately investigate who caused the deaths of protesters. The Supreme Judicial Council, in another statement, asked the injured and the families of the martyrs to refer to the competent investigating court according to their residence to register complaints about it.

The issue of excessive violence faced by protesters by various security forces continues to resent the indignation of large segments of the Iraqi population, expressed in constant criticism of the government of Prime Minister Adel Abdul Mahdi and the armed factions nearby. A wide range of activists and bloggers yesterday expressed outrage that the prime minister did not condemn the unidentified "sniper groups" that killed the demonstrators in his address to citizens Wednesday night.

While the Secretary-General of «Asaib Ahl al-Haq» Qais Khazali, yesterday, security guard companies, including «Blackwater» US involvement in the targeting of demonstrators, denied the group «Saraya al-Khorasani» accusations against them in the killing of demonstrators, said the leader of the group Hadi Algerian in press statements: «We will not participate in the suppression of popular protests, but we are supporters, and not louder than the voice of the authority or the Iraqi people, especially since the demonstrations were peaceful and aimed at social justice».

Speculation has varied over who ordered the demonstrators to be killed, among those who accuse senior officers close to the prime minister's circle and another pointing fingers at some PMU factions. There is a trend that excludes the Prime Minister from issuing or even aware of such orders.

For its part, criticized the Commission on Human Rights, yesterday, what it called «the absence of government cooperation with the Commission to reveal the bodies behind the killing of demonstrators, and the full numbers of victims over a week of bloody protests in Baghdad and the southern provinces».

"The demonstrations organized by thousands of young Iraqis are legitimate demonstrations and carried demands from the very heart of Iraqi reality," committee chairman Arshad al-Salhi told a press conference at the parliament building.
He called on the Prime Minister and Commander-in-Chief of the Armed Forces to "cooperate with the Commission and identify the party that killed peaceful protesters, and release detainees who have not been proven to be involved in riots or burning state institutions."

He called for «the protection of all media, the launch of the Internet service, and that the constitutional institutions take their active role in promoting stability in the country».

In the context of the protests and the steps taken by the government to absorb the popular resentment, thousands of young Iraqis have been flocking for four days to the Ministry of Labor and Social Affairs to benefit from the financial grant approved by the government for the poor and the unemployed.

The Iraqi Council of Ministers decided earlier this week, to give 150 thousand unemployed people who do not have the ability to work an estimated amount of $ 145, and for three months, a total of 78.5 billion Iraqi dinars.

The Minister of Labor and Social Affairs Bassem Abdul Zaman, during a press conference held at the ministry building in Baghdad, yesterday, «the arrival of about 550 thousand citizens to the ministry in order to benefit from the government financial grant during the past four days, including about 70 percent of married people».

He called on citizens to «not to come to the building of the ministry because it receives applications through its electronic window».

The minister said that «the receipt of applications will start from today (Thursday) and continue until the 24th of this month, to begin the procedures of investigation and disclosure of beneficiaries through special data and supervision of the Office of Financial Supervision». "The government grant includes women and males over the age of 18 and under 35," he said.

Middle east

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[DinarThug]

The government is racing against time to implement development plans

 

Wednesday 09 October 2019

 

 

Baghdad / Farah al - Khuffaf

 

The government has accelerated in the past few days to draw up quick implementation plans for starting a revolution of economic and social development that translates the government program and the aspirations of the people and to meet the calls of the supreme religious authority.

Perhaps the recent decisions of the Council of Ministers in its extraordinary session, and anticipation of another package will see the light very soon, which will translate these plans on the ground, according to financial expert Thamer Al-Azzawi believes in a statement to "morning", that "the recent events, gave the impetus to the government to move forward towards To implement its program without restrictions and to highlight the economic development points. "

He pointed out that "the parliament and political forces, give full room for the government to embark on its immediate and strategic plans," but added: "What we saw in the meetings of Parliament Speaker Mohammed Halbousi with representatives of demonstrators, unions, unions and press conferences, promising, especially after the maturity of the case for the first time in The political process, which is the harmony of the House of Representatives with the Council of Ministers, through the issuance of recommendations and recent decisions. "

The Council of Ministers (Sunday) issued the first package of reforms and decisions to respond to the religious authority and the demands of the demonstrators, after the receipt of recommendations from the House of Representatives. "The decisions are in conformity with the demands of citizens and the calls of economists, especially that they will contribute to the creation of about one million jobs and support the disadvantaged classes, which contributes to the movement of the labor market, and thus to restore the wheel of the economy to turn again." Al-Azzawi expected that "the second package includes decisions related to economic development, such as the operation of factories and factories, and support other productive sectors."

He adds that "the decision to build 100,000 housing units distributed among the provinces, would employ thousands of unemployed in these compounds, in addition to factories, while the step exemption of farmers from the amounts of lease of agricultural land resulting from them," a strong motivation "to promote the agricultural sector," explaining the importance The decision to establish modern marketing complexes in the commercial areas in Baghdad and the provinces, which would provide 450 thousand jobs.

The adviser to Prime Minister Abdul Hussein Al-Hanin, announced on Sunday (Sunday) the start of the implementation of the decisions of the Council of Ministers, while the parliamentary service cell, the continuation of meetings on issuing recommendations and solving problems in order to promote By country.

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[DinarThug]

Prof.Dr. Jawad Kadhim Al Bakri *: An economic flavor message to the three presidencies

11/10/2019

 

Dear all, We all know today that the problem of Iraq is not a political or security, but an economic problem, as most of the demands of the demonstrators are economic demands, and we all know the high rates of unemployment, especially among the youth, and stop the Iraqi industry and the faltering of investment and slumber the private sector and sagging The administrative apparatus of the state, which depletes most of the huge budgets derived from the sole source of rent (oil), not to mention the bureaucracy and corruption.

In this case, the remedies should be real economic and not patchy, which in the medium term can only make matters worse. The state has burdens not to bear

To continue reading click on the following link

KJAl-Bakri-Open Letter with economic flavor

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Prof.Dr. Jawad Kazem al-Bakri: * An economic flavor message to the three presidencies[/size]

 
We all know today that the problem of Iraq is not a political nor security, but an economic problem, ... Dear Sirs, especially between, and we all know the high rates of unemployment, because the demands of the demonstrators are economic demands, as the c category of young people, and stop the Iraqi industry and the faltering investment and slumber the sector Moreover, the administrative apparatus is slouching, not to mention the huge budgets that come from the state's sole source of rent, which depletes bureaucracy and corruption.
In this case, the remedies should be real economic and not patchy, which in the medium term can only make matters worse. In light of the urgent (reforms) taken by the government in response to the demonstrations of October 1, all economic indicators lead to the same result, which is burdensome. The state has burdens not to bear
As experts in the field of economics, we see that there are two types of reforms that the government should take, the first is the short-term reforms aimed at absorbing the resentment of the unemployed, and the second is the long-term reforms aimed at stabilizing the Iraqi economy and addressing the structural distortions it suffers. In this paper we are about short-term reforms

 Since 2003, there is hardly any message, thesis or economic research published in Iraq after a year that addresses these kinds of reforms, and in general can be addressed in a single article.

The magic recipe
The measures announced by the government included, in most cases, the influx of thousands of unemployed in the agency, as the current expenditure of the government, which will increase the burdens on the budget, already (105% ).The total revenues were 90% (2019 total government revenues) In the general budget (one trillion Iraqi dinars, and left to spend 95 trillion Iraqi dinars, while the current expenditure amounted to (10 investment only (therefore, that investment spending is developing countries, not current spending%)) note the government to search for quick ways outside the framework of the government But what are these ways? When there is an effective private sector, it is possible to provide a huge number of job opportunities, and if we wonder why there is no slack in the government sector in most capitalist countries, the answer revolves around two points. The second is that there are guarantees in the private sector that are the same in the government sector and the highest paid wage (2015).
On the other hand, increasing the credit provided to the private sector by the government will be a quantum leap in this sector, but the question is whether the government provided such credits or not? The answer is a lot provided, so the question is where did these credits go and why did the private sector develop? The answer is that the credit provided to the sector compared to 2017 (9%) in 2017 as a percentage of GDP increased to (2004) amounted to (2017) .The average growth rate during the period (2004%) in 2004 was only (1%). The average growth rate of industrial productivity for the same period (27%) indicates that a large percentage of the expansion of domestic credit is directed not to the productive sectors but to the consumer sectors.

The development of the private sector will bring the benefits that cannot be counted in this paper. Thus, the development of the private sector will be solved, thus increasing cash reserves
Massive bleeding of foreign currency through the window of selling the currency, which leads to the reduction of the sale of the currency.

Many of the most difficult things for decades, the most important of which are reducing unemployment rates, reducing pressure on the government apparatus, reducing current expenditures, etc.
Therefore, the private sector does not need the government except the following:
Let it work freely without interference and apply the principle (let it work let it pass).
Activating the laws issued by the government concerning the private sector
The private sector is seen as a partner rather than a public sector kind, as the public sector still views the private sector as paternalistic

Reconsidering the bureaucratic constraints that stand as a stumbling block in the face of businessmen. . Investment: Investment is active when there is a favorable investment climate, and the investment climate is based on a second set of pillars, the most important of which are:

  Investment Law: There is no Iraqi investment law as one of the best investment laws in the region.
Transparency: For the purpose of obtaining an investment license in Iraq, it takes, at best, a full year, and the investor faces shuttle tours between a large group of departments that use the highest degrees that in the Arab Republic of Egypt you can get an investment license in a note, bureaucracy and extortion At all, it is possible for the Iraqi investor to receive only one day. We believe that this is not difficult or foreigner on investment leave in one week, only when we review the investment bodies and
remove bureaucracy and use e-government that reduces cases of financial and administrative corruption to the extent possible. . Anti-Corruption: Corruption is described in the literature of the economy as a (pyramid) and may not be combated from below, as thirdly that the cover will continue to work, but we have to remove the cover at the beginning, which will lead to erosion and revealed but the question is there a political will to address corruption from The top of the pyramid? So, the rule that will stop automatically has this will, the subject of corruption will go irreversibly in less than one year, and so we saved. One of the most important pillars of growth and development is one

 We noticed through the dialogues (governmental and community) that followed the following demonstrations: Neither the government nor the demonstrators put their finger on the wound, the wound is low economic performance and poor management of public money, the problem is not financial, as Iraq is a rich country, which has large reserves of cash and gold, However, the problem lies in the distribution of income (100 billion dollars annually) among the members of the community with practical measures to redistribute one day today, we must all stand, the Iraqi income and save the country from this crisis, These measures lie in revitalizing the private sector Investment and anti-corruption
 
(*) Professor of Economics at the University of Babylon
 11 Copyright © Iraqi Economists Network. Republishing is permitted provided that the source is cited as October 2019
http://iraqieconomists.net/

[DinarThug]

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Iraq, China launch 'oil for reconstruction' agreement

 

 

10th October, 2019

 

When Iraqi Prime Minister Adel Abdul Mahdi led a delegation to China in September, Baghdad and Beijing activated an "oil for reconstruction" and investment program. Under the arrangement, Chinese firms work in Iraq in exchange for 100,000 barrels per day.

Iraq has said it needs more than $88 billion to develop and mend its rickety infrastructure after three years of combating the Islamic State (IS).

Speaking to the press, Abdul Mahdi said that, including this new deal, about 20% of Iraq’s daily oil production is being exported to China. "We agreed [with Beijing] to set up a joint investment fund, which the oil money will finance," he said, adding that Iraq requires that China not monopolize implementing projects inside Iraq but rather will work in cooperation with international firms. 

Such an agreement isn't new. In 2015, when Abdul Mahdi served as oil minister under then-Prime Minister Haider al-Abadi, Iraq signed up for China's Belt and Road Initiative in a deal founded on the principle of oil in exchange for construction, investment and development. Back then, China was awarded 100 projects. Yet the agreement was halted due to the political and security tensions that resulted in a ministerial reshuffle.

Iraq has been rocked by demonstrations in recent weeks, and the prime minister has again called for Cabinet changes. The situation could affect the current deal as happened before, though nothing official had been announced.

Chinese investments in Iraq total $20 billion, mainly in the energy sector via a consortium with international firms or independently to develop power plants. Moreover, annual trade between the two countries exceeds $30 billion, with a total of $15 billion in Iraqi oil exports.

The current Iraqi government started turning its back on US companies following a $15 billion power deal with Germany’s Siemens to rehabilitate the infrastructure — leaving behind General Electric, which has operated in Iraq for years, and failing so far to sign a $53 billion deal with ExxonMobil to implement the "southern megaproject." 

Iraq is in the process of approving a law regulating the work of a reconstruction council, which will be chaired by the prime minister and tasked with overseeing projects worth more than $210 million. This would imply that the ministries and provincial governments are kept away from such projects to combat corruption and make Chinese companies’ jobs easier.

Electricity Minister Louay al-Khateeb wrote Sept. 24 on his Facebook page, “China is our primary option as a strategic partner in the long run. We started with a $10 billion financial framework for a limited quantity of oil to finance some infrastructure projects.” He noted, “The Chinese funding tends to increase with the growing Iraqi oil production, to be used differently from the previous policies, through construction, investments and operationalization of the reconstruction council.”

Iraq has taken the first steps toward putting this deal into force by opening bank accounts, and a Chinese delegation will visit Iraq in the coming days to learn about strategic projects such as the suspension railway and Nasiriyah International Airport, and to reach an agreement regarding their implementation.

Speaking to Al-Monitor, Abdul Hussein al-Hanin, adviser to the prime minister, said, “The China-Iraq deal stretches over 20 years. Under the deal, Baghdad shall export to China 3 million barrels a month at the world price, currently estimated at $180 million.”

Hanin, who was part of the Iraqi delegation, went on to say, “Iraq is currently selling its oil and obtaining the money one or two months later. Under this deal, however, the money will be in the form of projects that the Chinese firm carries out inside [Iraq].” He added, "The projects were identified based on three priorities. First is building and modernizing the highways and internal roads with their sewage systems. Second is the construction of schools, hospitals, and residential and industrial cities, and third is the construction of railways, ports, airports and other projects.”  The Iraqi government signed the agreements with China unbeknownst to parliament.

Haybat al-Halbousi, head of the parliamentary Energy Committee, told Al-Monitor, "Parliament and the Energy Committee know nothing about the agreements signed with China. We will assume our monitoring role in hosting officials in the upcoming days to learn about the nature of these agreements.” He noted, “There will be a firm parliamentary stance and parliament will pass the agreements if they serve Iraqi interests.” He denounced the government for ignoring parliament in such major deals. The government could face a new problem, namely the oil-rich provinces rejecting the implementation of projects in non-oil-rich provinces. Subsequently, internal tensions could be ignited and hinder such projects, similarly to what happened with the petrodollar project that allows oil-producing provinces to obtain $5 per barrel produced.

Sabah Alwah, a former adviser to the Iraqi Ministry of Oil, told Al-Monitor that Iran pressured Iraq to go to China in an attempt to embarrass the United States, has issued trade sanctions against countries doing business with Iran and in a trade conflict with China. Hence, China could relinquish its projects in Iraq if Beijing and Washington improve their relations.  He underlined that it's a good move to use oil sales to develop infrastructure, rather than obtaining loans from foreign countries or granting foreign companies a share of the projects’ revenues. He said Iraq is still committed to OPEC's efforts to limit supply — yet Iraq reached record oil output in August of 4.88 million barrels per day.

Iraq has had booming oil revenues for years. Yet its budget has suffered from phantom projects and extortion, which pushed international firms away and prevented them from investing there. Now, Chinese companies could face the same fate.

[DinarThug]

Trump: We have three options after Turkey's attack in Syria

 

 

 

 10 October 2019 11:32 PM

 

 

From: Ahmed Shawky

Direct: US President Donald Trump said that the United States had three options on the military operation by Turkey in Syria

The US president again threatened yesterday to wipe out Turkey's economy if the Kurds were eliminated with Ankara's military incursion into Syria

"We have defeated 100 per cent of the ISIS succession and we no longer have any troops in the area that is under attack by Turkey

Trump continued: "Now Turkey is attacking the Kurds who have been fighting each other for 200 years and we have three options, first sending thousands of troops and winning military, and the second hit Turkey severely financially and the imposition of sanctions"

The third option is to broker an agreement between Turkey and the Kurds, he said

By 8:22 GMT, the Turkish currency rose against the US dollar by about 0.7 percent at 5.8704 pounds

 

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[DinarThug]

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Trump instructs US diplomats to broker a ceasefire between Turks and Kurds

 

 

 

2019/10/11 8:54

 

US President Donald Trump has commissioned US diplomats to broker a "ceasefire" between Ankara and the Kurds in a bid to end Turkey's attack on northern Syria, a senior US official said.

The US State Department official said that Trump "has cost us to try to find common ground between the two sides and whether a ceasefire is possible, and that is what we are doing," without giving further details.  

[DinarThug]

Is Iranian oil approaching the last breath?

 

- 6 Hours Have Passed

 

Under the weight of U.S. sanctions and the suspension of most oil revenues as Iranian officials persist in their refusal to bow to international resolutions, the Iranian economy is hard to come by with renewed crises.

Tehran is suffering from financial and economic distortions that may take a long time to recover even if the sanctions were lifted, amid the flight of foreign investors and the boycott of international trade.

Iranian Oil Minister Begin Zanganeh acknowledged the decline in the oil sector as a result of US sanctions, stressing at the same time that his country would "resist," the semi-official Mehr news agency reported.

"Every few years, the oil industry in Iran is hit hard and economic sanctions are among them. This has led to the retreat of the Iranian oil industry from its global position but we will resist in this region," Zanganeh said.

Between Trump's announcement of his withdrawal from the nuclear deal in May last year to August last year, the administration has restored all previous sanctions on Iran. As the Iranian challenge continues and Tehran does not heed calls to negotiate a new deal that would ensure it does not threaten its neighbors, stop supporting terrorism and militias in other countries and curb its missile program, the United States has stepped up sanctions.

The emphasis has been on sanctions against most of Iran's industrial sectors, mainly the oil sector. In May, Washington canceled the exceptions it had granted to some countries to import Iranian oil to prevent Iran from exporting any oil.

Indeed, Iranian oil exports have almost reached zero (less than 200,000 barrels per day, compared with exports of 2.5 million barrels per day before the reimposition of US sanctions last year).

In the last year, the decline in the oil sector by 14%, the manufacturing sector fell by 6.5%, and the construction sector fell by 4.5%. The agricultural sector, which accounts for about 10% of GDP, declined by 1.5%, while the growth rate in the services sector, which constitutes about 55% of GDP, remained unchanged.

Withdrawal “China National Petroleum Corporation”

Zanganeh announced Sunday that CNPC has withdrawn from the development of phase 11 of the Pars field, stressing that Tehran's Petrobars will take over the project alone.

France's Total and CNBC were to cooperate with Iran's Petrobars to develop Phase 11 of the Pars field under a $ 4.8 billion deal signed in July 2017.

The deal was reached after the conclusion of a nuclear deal between Tehran and major powers, which provided for the lifting of sanctions against Iran in return for curbing its nuclear program, ending the economic isolation suffered by Tehran for years.

Total withdrew from the project three months after US President Donald Trump's decision to abandon the nuclear deal in May and reimpose sanctions on Iran's oil and other vital sectors.

According to data and figures, Iran's crude oil exports and registered oil condensate fell in September to the lowest level since July 2016, while the Iranian fleet of oil tankers is uncertain due to US sanctions. This makes it difficult to assess Iranian exports accurately.

Meanwhile, the International Energy Agency said in its latest report that Iran's oil production fell by 40 thousand barrels per day in August to 2.19 million barrels per day, near the lowest level in 30 years.

Before the 1979 Khomeinist revolution, the country was producing more than 6 million barrels per day, but now, 40 years later, Iran is producing nearly 2 million barrels, as international companies refuse to invest in the oil-rich country in US sanctions. Larger.

Exchange market distortions

In a recent study of the Future Center for Advanced Studies and Research in Cairo, he said that the central bank's tendency towards zeroing the currency seems to be limited in the face of the deterioration of the exchange rate, unless further measures can be taken to address the current market distortions.

“Iran's exchange market has been distorted for a long time, the most prominent of which is the rigid and dual exchange rate regime itself. Central Bank authorities do not allow the movement of currency in accordance with the mechanisms of supply and demand, in the sense that they control the movements of the exchange rate, which allows the existence of a relatively fixed official exchange rate determines the prices of imports and some government transactions, and another exchange rate is circulating a large difference in the market of licensed exchange offices as well The unlicensed black market often determines the rest of transactions between individuals and companies. ”

According to the Center, “Iran's tendency to replace its currency and delete several zeros can be explained in the light of the four main considerations, the first of which is the limited effectiveness of the current monetary policy to contain the deterioration of the exchange rate. Among various measures, the central bank pumped $ 5 billion into the market "From March to July, this has not prevented the riyal from falling against the US dollar recently."

The second consideration is aimed at strengthening local and international confidence in the currency, as deleting these zeros can strengthen the relative confidence and local credibility in the value of the currency, and will enhance the global reputation for it, as it is likely to have a positive psychological impact on dealers in the local markets Internationals who will see the value of a currency relatively stronger than the previous price of more than tens of thousands.

He pointed out the impact of the decision on the facilitation of financial and commercial accounts, as this step will make the accounting and auditing of financial and business transactions are done rather than settled with very large transaction values both for the private and public sectors and for the public.

As for the fourth consideration, the Future Center stressed that it is related to reducing the cost of printing banknotes. When the local currency exchange rate to be launched in the future improves, the need to print more banknotes or new categories of banknotes will be relatively reduced. Last January, the cost of printing a banknote of 5,000 riyals reaches 80%.

The dollar's exchange rate against the local currency has more than tripled, leading to a decline in the value of income for Iranian families and high prices.

Currency exchange will not contain inflation

The center confirmed that the initial positive psychological impact of currency exchange short-term, and will not succeed in containing the high inflation rate in the country unless the authorities tend to address the real causes of the devaluation of the local currency, the most important of which is low foreign exchange liquidity due to sanctions by the United States of America to Iran exports crude oil to international markets.

Replacing the riyal with the new currency is a complex and time-consuming process. Old banknotes will be withdrawn and new securities will be printed, which could take up to two years, according to the central bank.

According to the latest report by the Statistical Center of Iran (Govt), the inflation index recorded about 42.7% on September 22, amid the most severe economic crisis experienced by the country in more than 40 years. 47.4%, compared to 41.9% of the urban population who endured inflation.

Independent Arab

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[DinarThug]

10-10-2019  Newshound Guru Breitling  ...

there's institutions out there that are already starting to fight for your currency.  

A lot of people are getting emails from these currency exchange dealers.  

They used to offer $650 for the dinar [1 million] you have. 

Now they're offering $850 right now I think in the emails I'm getting. 
So it's starting...

[DinarThug]

22 hours ago, DinarThug said:

Yo Snap - Chattels Is Talking ‘Chit About Krap !  

      

10-10-2019   Newshound Guru chattels  Article: 

"Iraq, China launch 'oil for reconstruction' agreement"  

Quote:  

"When Iraqi Prime Minister Adel Abdul Mahdi led a delegation to China in September,

Baghdad and Beijing activated an "oil for reconstruction" and investment program. 

Under the arrangement,

Chinese firms work in Iraq in exchange for 100,000 barrels per day."   

Certainly is a different means of monetizing oil or bartering oil for desperately needed services that Iraq cannot arguably otherwise afford. 

The foregoing would appear to contradict the following post from Kaperoni. 

 

10-8-2019 Newshound Guru Kaperoni

Oil credits and reduced prices for oil is all...

nonsense...Iraq could never sell oil in exchange at a reduced price...

because the budget is 90% dependent on Iraq's oil exports.

 

Another Guru Joins The De-Kapatation !  

 

     

 

 

 

10-11-2019   Newshound/Intel Guru BGG  

[Reference Guru Kaperoni's post 10-11-19]  

I’m not sure this is as much a “slam dunk” translation as is laid out here.

Further…

How would this POSSIBLY reconcile with all their previous statements that the new and old versions would co-exist in the market place for as long as 10 years?

How would this be possible? 

Also note the...post [Reference Guru Kaperoni's post 10-8-2019]

regarding Kaperoni’s dramatic statement about oil credits being “nonsense” 

followed the very next day by an actual news release out of Iraq detailing just such an arrangement agreed to by both Mahdi and China.
Hmmmmm…

[DinarThug]

Troops from Hezbollah and the Revolutionary Guards strike force in Iraq

 

- 16 Hours Have Passed

 

 

BAGHDAD - Thousands of Revolutionary Guards and Lebanese Hizbollah guerrillas are stationed in Iraq as a backup force to save the regime if the threat reaches its peak, an informed Iraqi source said, amid an unprecedented wave of protests that erupted earlier this month and came under heavy government repression.

In addition to linking the 7,000 members of the Revolutionary Guards, who are said to protect Iranian pilgrims visiting the 40th visit of Imam Hussein in Karbala, activists are circulating reports that Lebanese Hezbollah operatives have entered Iraq to help secure the government against protest pressure.

The sources said that the Iranian Revolutionary Guards and the Lebanese Hezbollah, put 10,000 fighters under the command of "Abu Jihad al-Hashemi," the director of the Office of the Iraqi Prime Minister, in case the situation worsened.

Thousands of foreign militiamen in Iraq are being brought back to the scenario of Iranian intervention to save the regime of Syrian President Bashar al-Assad at a moment of stagnation.

The Shiite ruling circles in Iraq have witnessed a state of alert, and Iraqi Prime Minister Adel Abdul Mahdi no longer cares about his image in the popular circles, as the priority for everyone is to protect the political system, which is all in the service of Iran's interests and influence in Iraq and the region.

Overnight, Mahdi turned from a wise and rational official to a murderer that killed nearly 200 protesters and wounded about 7,000 others, defending a political regime accused of subordination to Iran, before unarmed youths emerged because they were tired of years of reform promises.

From the first day of the protest, the demonstrators tried to dissuade Iraqi security forces from the charge of repression, knowing that military commanders were ready to carry out power orders against anyone, in return for holding militia parties closely linked to Iran to be responsible for the major security escalation against protesters.

Iran fears that Iraq is sliding towards a real change in the political system, but according to observers, it does not realize that it is losing much of its popularity every day.

The protest movement has clear perceptions of Iran's responsibility for this political system, characterized by corruption, mismanagement and failure, 16 years after the overthrow of the Baath Party.

One of the most important symbols of the current protest movement, after appearing equivocal in previous protests, is the common dialect of “Iran by land”, meaning “Get out Iran from Iraq”.

Observers say that this Iranian fear is not about the Iraqi political system itself, but because of the role Tehran designed for Iraq to play in the conflict between Iran and the United States.

Iran views Iraq as its most important platform to defend its interests in the region, and is a Shiite human reservoir that can provide Syria and Yemen with fighters fighting on behalf.

The Arabs

link

[DinarThug]

The Quds Force… the military face of Iran's Middle East policy

 

- 9 Hours Have Passed

 

 

Last week, Iranian newspapers talked about the assassination attempt on Maj. Gen. Qasem Soleimani, commander of the Quds Force of the Revolutionary Guards. Although the Iranian accusations did not give specific information about who was responsible, the news was part of the media coverage.

It is worth mentioning that the incident announced by Iran sheds light on an important thing, as the Iranian news came in the context of accusing the European Troika (Britain, France and Germany) Iran responsible for the recent attacks Aramco, a new position by the European countries, which Iran used to Recently, the US did not line up with the US position on Iran, but this time these countries have leveled accusations against Iran, a position that is close to the United States. The other thing in the Iranian news is that it has highlighted the importance and significance of the Quds Force in Iranian foreign policy.

There are many tools that any country employs to achieve its foreign policy objectives, but Iran, as it is characterized by a duality in the level of political discourse ranging from ideology to the act of political realism in accordance with international relations, it is also at the level of implementation, i.e., when the team represents Rouhani and Zarif The diplomatic side and the desire to open up to the countries of the region and the West, the Quds Force represents the expansionary military face of Iranian policy in the Middle East. It would therefore be useful to identify the most important instrument for the implementation of the ideological military aspect of Iranian policy, the Quds Force.

The Qods Force is a branch of the Iranian Revolutionary Guard Corps (IRGC), which operates a second army charged with guarding the Islamic regime in Iran. The IRGC in general and the Qods Force in particular conduct operations in the Middle East and the world, and are supported by the Basij militia, a sub-military force attached to it. The Iranian Revolutionary Guard Corps, which can be deployed to support deployments of other forces or play a role in countering demonstrations and unrest similar to what happened in the demonstrations in Iran, as it was widely used to crush anti-government protests in 2009, 2017 and 2018, and Qassem Soleimani took command The Jerusalem Corps since 1998, and has since directed its operations.

The Quds Force, led by Maj. Gen. Qasem Soleimani, acts as the “long arm” of the Iranian regime. He was instrumental in the establishment of many Shiite militias in many Arab countries that had collapsed after 2011, such as Syria, Yemen and Iraq before in 2003 following the US invasion.
Iran provided military, financial, and logistical support to Iraqi militias such as the Badr Brigade, Asaib Ahl al-Haq, and the Hezbollah Brigades, all militias that joined the Quds Force brigade while fighting ISIS in Iraq in 2014.

Suleimani's role did not stop at the point of military relations, but played a role in engineering the political process in Iraq on the sectarian system, but sometimes intervened to separate the conflicting groups in Iraq. In Syria, the Quds Force, along with the Lebanese Hezbollah, played a role in recruiting Afghan and Pakistani Shiite fighters to fight in Syria with the regime of Bashar al-Assad, such as the Zaynaboon, the Fatimids, and many others. In Yemen, much of the training and weapons reaching the Houthi group were carried out by the Quds Force, with the help of Hezbollah.

Thus, the role of the Quds Force is to establish a network of regional agents in the countries that interfere in Iran, through military and financial support, and then push them to engage in the political process in their countries, thus strengthening their position against the central authority.

Given the objectives of the Quds Force in the implementation of Iran's regional goals, the question arises if an agreement is reached between the United States and Iran or a regional dialogue occurs. How will the Quds Force or the Revolutionary Guards generally play a role in Iranian foreign policy? Many decisions of the Iranian regime?

Independent Arab

link

[DinarThug]

1 hour ago, DinarThug said:

Iraq, China launch 'oil for reconstruction' agreement

 

 

10th October, 2019

 

When Iraqi Prime Minister Adel Abdul Mahdi led a delegation to China in September, Baghdad and Beijing activated an "oil for reconstruction" and investment program. Under the arrangement, Chinese firms work in Iraq in exchange for 100,000 barrels per day.

Iraq has said it needs more than $88 billion to develop and mend its rickety infrastructure after three years of combating the Islamic State (IS).

Speaking to the press, Abdul Mahdi said that, including this new deal, about 20% of Iraq’s daily oil production is being exported to China. "We agreed [with Beijing] to set up a joint investment fund, which the oil money will finance," he said, adding that Iraq requires that China not monopolize implementing projects inside Iraq but rather will work in cooperation with international firms. 

Such an agreement isn't new. In 2015, when Abdul Mahdi served as oil minister under then-Prime Minister Haider al-Abadi, Iraq signed up for China's Belt and Road Initiative in a deal founded on the principle of oil in exchange for construction, investment and development. Back then, China was awarded 100 projects. Yet the agreement was halted due to the political and security tensions that resulted in a ministerial reshuffle.

Iraq has been rocked by demonstrations in recent weeks, and the prime minister has again called for Cabinet changes. The situation could affect the current deal as happened before, though nothing official had been announced.

Chinese investments in Iraq total $20 billion, mainly in the energy sector via a consortium with international firms or independently to develop power plants. Moreover, annual trade between the two countries exceeds $30 billion, with a total of $15 billion in Iraqi oil exports.

The current Iraqi government started turning its back on US companies following a $15 billion power deal with Germany’s Siemens to rehabilitate the infrastructure — leaving behind General Electric, which has operated in Iraq for years, and failing so far to sign a $53 billion deal with ExxonMobil to implement the "southern megaproject." 

Iraq is in the process of approving a law regulating the work of a reconstruction council, which will be chaired by the prime minister and tasked with overseeing projects worth more than $210 million. This would imply that the ministries and provincial governments are kept away from such projects to combat corruption and make Chinese companies’ jobs easier.

Electricity Minister Louay al-Khateeb wrote Sept. 24 on his Facebook page, “China is our primary option as a strategic partner in the long run. We started with a $10 billion financial framework for a limited quantity of oil to finance some infrastructure projects.” He noted, “The Chinese funding tends to increase with the growing Iraqi oil production, to be used differently from the previous policies, through construction, investments and operationalization of the reconstruction council.”

Iraq has taken the first steps toward putting this deal into force by opening bank accounts, and a Chinese delegation will visit Iraq in the coming days to learn about strategic projects such as the suspension railway and Nasiriyah International Airport, and to reach an agreement regarding their implementation.

Speaking to Al-Monitor, Abdul Hussein al-Hanin, adviser to the prime minister, said, “The China-Iraq deal stretches over 20 years. Under the deal, Baghdad shall export to China 3 million barrels a month at the world price, currently estimated at $180 million.”

Hanin, who was part of the Iraqi delegation, went on to say, “Iraq is currently selling its oil and obtaining the money one or two months later. Under this deal, however, the money will be in the form of projects that the Chinese firm carries out inside [Iraq].” He added, "The projects were identified based on three priorities. First is building and modernizing the highways and internal roads with their sewage systems. Second is the construction of schools, hospitals, and residential and industrial cities, and third is the construction of railways, ports, airports and other projects.”  The Iraqi government signed the agreements with China unbeknownst to parliament.

Haybat al-Halbousi, head of the parliamentary Energy Committee, told Al-Monitor, "Parliament and the Energy Committee know nothing about the agreements signed with China. We will assume our monitoring role in hosting officials in the upcoming days to learn about the nature of these agreements.” He noted, “There will be a firm parliamentary stance and parliament will pass the agreements if they serve Iraqi interests.” He denounced the government for ignoring parliament in such major deals. The government could face a new problem, namely the oil-rich provinces rejecting the implementation of projects in non-oil-rich provinces. Subsequently, internal tensions could be ignited and hinder such projects, similarly to what happened with the petrodollar project that allows oil-producing provinces to obtain $5 per barrel produced.

Sabah Alwah, a former adviser to the Iraqi Ministry of Oil, told Al-Monitor that Iran pressured Iraq to go to China in an attempt to embarrass the United States, has issued trade sanctions against countries doing business with Iran and in a trade conflict with China. Hence, China could relinquish its projects in Iraq if Beijing and Washington improve their relations.  He underlined that it's a good move to use oil sales to develop infrastructure, rather than obtaining loans from foreign countries or granting foreign companies a share of the projects’ revenues. He said Iraq is still committed to OPEC's efforts to limit supply — yet Iraq reached record oil output in August of 4.88 million barrels per day.

Iraq has had booming oil revenues for years. Yet its budget has suffered from phantom projects and extortion, which pushed international firms away and prevented them from investing there. Now, Chinese companies could face the same fate.

 

11 minutes ago, DinarThug said:

Another Guru Joins The De-Kapatation !  

     

10-11-2019   Newshound/Intel Guru BGG  

[Reference Guru Kaperoni's post 10-11-19]  

I’m not sure this is as much a “slam dunk” translation as is laid out here.

Further…

How would this POSSIBLY reconcile with all their previous statements that the new and old versions would co-exist in the market place for as long as 10 years?

How would this be possible? 

Also note the...post [Reference Guru Kaperoni's post 10-8-2019]

regarding Kaperoni’s dramatic statement about oil credits being “nonsense” 

followed the very next day by an actual news release out of Iraq detailing just such an arrangement agreed to by both Mahdi and China.
Hmmmmm…

And So Once Again Here’s The Article That ‘Kwap For Brains’ Kaperoni Seems To Have Trouble Understanding !  

 

 

 

     

 

LINK

Iraq, China launch 'oil for reconstruction' agreement

 

 

10th October, 2019

 

When Iraqi Prime Minister Adel Abdul Mahdi led a delegation to China in September, Baghdad and Beijing activated an "oil for reconstruction" and investment program. Under the arrangement, Chinese firms work in Iraq in exchange for 100,000 barrels per day.

Iraq has said it needs more than $88 billion to develop and mend its rickety infrastructure after three years of combating the Islamic State (IS).

Speaking to the press, Abdul Mahdi said that, including this new deal, about 20% of Iraq’s daily oil production is being exported to China. "We agreed [with Beijing] to set up a joint investment fund, which the oil money will finance," he said, adding that Iraq requires that China not monopolize implementing projects inside Iraq but rather will work in cooperation with international firms. 

Such an agreement isn't new. In 2015, when Abdul Mahdi served as oil minister under then-Prime Minister Haider al-Abadi, Iraq signed up for China's Belt and Road Initiative in a deal founded on the principle of oil in exchange for construction, investment and development. Back then, China was awarded 100 projects. Yet the agreement was halted due to the political and security tensions that resulted in a ministerial reshuffle.

Iraq has been rocked by demonstrations in recent weeks, and the prime minister has again called for Cabinet changes. The situation could affect the current deal as happened before, though nothing official had been announced.

Chinese investments in Iraq total $20 billion, mainly in the energy sector via a consortium with international firms or independently to develop power plants. Moreover, annual trade between the two countries exceeds $30 billion, with a total of $15 billion in Iraqi oil exports.

The current Iraqi government started turning its back on US companies following a $15 billion power deal with Germany’s Siemens to rehabilitate the infrastructure — leaving behind General Electric, which has operated in Iraq for years, and failing so far to sign a $53 billion deal with ExxonMobil to implement the "southern megaproject." 

Iraq is in the process of approving a law regulating the work of a reconstruction council, which will be chaired by the prime minister and tasked with overseeing projects worth more than $210 million. This would imply that the ministries and provincial governments are kept away from such projects to combat corruption and make Chinese companies’ jobs easier.

Electricity Minister Louay al-Khateeb wrote Sept. 24 on his Facebook page, “China is our primary option as a strategic partner in the long run. We started with a $10 billion financial framework for a limited quantity of oil to finance some infrastructure projects.” He noted, “The Chinese funding tends to increase with the growing Iraqi oil production, to be used differently from the previous policies, through construction, investments and operationalization of the reconstruction council.”

Iraq has taken the first steps toward putting this deal into force by opening bank accounts, and a Chinese delegation will visit Iraq in the coming days to learn about strategic projects such as the suspension railway and Nasiriyah International Airport, and to reach an agreement regarding their implementation.

Speaking to Al-Monitor, Abdul Hussein al-Hanin, adviser to the prime minister, said, “The China-Iraq deal stretches over 20 years. Under the deal, Baghdad shall export to China 3 million barrels a month at the world price, currently estimated at $180 million.”

Hanin, who was part of the Iraqi delegation, went on to say, “Iraq is currently selling its oil and obtaining the money one or two months later. Under this deal, however, the money will be in the form of projects that the Chinese firm carries out inside [Iraq].” He added, "The projects were identified based on three priorities. First is building and modernizing the highways and internal roads with their sewage systems. Second is the construction of schools, hospitals, and residential and industrial cities, and third is the construction of railways, ports, airports and other projects.”  The Iraqi government signed the agreements with China unbeknownst to parliament.

Haybat al-Halbousi, head of the parliamentary Energy Committee, told Al-Monitor, "Parliament and the Energy Committee know nothing about the agreements signed with China. We will assume our monitoring role in hosting officials in the upcoming days to learn about the nature of these agreements.” He noted, “There will be a firm parliamentary stance and parliament will pass the agreements if they serve Iraqi interests.” He denounced the government for ignoring parliament in such major deals. The government could face a new problem, namely the oil-rich provinces rejecting the implementation of projects in non-oil-rich provinces. Subsequently, internal tensions could be ignited and hinder such projects, similarly to what happened with the petrodollar project that allows oil-producing provinces to obtain $5 per barrel produced.

Sabah Alwah, a former adviser to the Iraqi Ministry of Oil, told Al-Monitor that Iran pressured Iraq to go to China in an attempt to embarrass the United States, has issued trade sanctions against countries doing business with Iran and in a trade conflict with China. Hence, China could relinquish its projects in Iraq if Beijing and Washington improve their relations.  He underlined that it's a good move to use oil sales to develop infrastructure, rather than obtaining loans from foreign countries or granting foreign companies a share of the projects’ revenues. He said Iraq is still committed to OPEC's efforts to limit supply — yet Iraq reached record oil output in August of 4.88 million barrels per day.

Iraq has had booming oil revenues for years. Yet its budget has suffered from phantom projects and extortion, which pushed international firms away and prevented them from investing there. Now, Chinese companies could face the same fate.

[NoviceInvestor]

Thank you DT 😊

[DinarThug]

LINK

OPEC Secretary General: Strong decisions before 2020

 

 

 

2019/10/10 15:59

 

OPEC Secretary General Mohammed Barkindo said today that the Organization and its allies involved in the agreement to reduce oil supplies will make "strong" decisions during a meeting in December to ensure the stability of the market in 2020.

"The conference will take appropriate, strong and positive decisions that will put us on the path to great and sustainable stability for 2020," Barkindo told reporters.

Asked about a possible deeper cut in oil supplies, the secretary-general told OPEC that "all options are open." Saudi Arabia, OPEC's biggest oil producer, said its oil production in September fell 660,000 barrels per day from August to 9.13 million bpd, following an attack on two oil facilities in the kingdom.

[DinarThug]

On 10/10/2019 at 12:10 PM, DinarThug said:

The Central Bank announces its strategic banking projects for 2019

 

 

10th October, 2019

 

In order to develop the banking sector and keep pace with international standards in the light of promising opportunities for growth in this vital sector, the Central Bank of Iraq implemented its plan for strategic banking projects for 2019, consisting of 21 projects concerned with regulating the financial and monetary reality in Iraq

 

»To view the plan ... click here

 

Central Bank of Iraq

information Office

10 October 2019

 

 

Fyi - 45 Pages Untranslated With Lots Of Graphics 

CBE implements 20 strategic projects in 2019

 

Friday 11 October 2019

 

Baghdad / Mustafa al-Hashemi

 

The Central Bank has implemented its plan for strategic banking projects for 2019, consisting of 21 projects concerned with regulating the financial and monetary reality in Iraq, with the aim of developing the banking sector during the next few years and keeping pace with international standards in the light of promising opportunities for growth in this vital sector.

"The localization of salaries is one of the most important of these projects aimed at providing banking services to public sector employees and increase financial inclusion, as well as the travel cards project to support purchases abroad, in addition to the electronic collection project to reduce cash dealing using accounts e".

He pointed to the "Trillion Dinar" initiative to finance the productive sectors in order to contribute to job creation and the development of the economy, in addition to the electronic platform that aims to activate the interbank market, the credit information system project, the draft financial statements of banks, and the draft license companies. As well as the project to establish a deposit guarantee company. "

He added that there is a project of establishing Takaful insurance, a project to merge banking companies, a project for licensing finance companies, in addition to the classification of banks project, a draft governance guide for banks, a project to establish a supreme Shariah authority to monitor the performance and products of Islamic financial institutions, a project to adopt new supervisory requirements and a project. Diversifying the investments of banks, the Islamic finance complex, the graduate training project, the photovoltaic cable project for banks, the branches of the Central Bank and the Ministry of Finance, and the new central bank building project.

link

[DinarThug]

3 hours ago, DinarThug said:

Iraq, China launch 'oil for reconstruction' agreement  

 

Oil for reconstruction

Friday 11 October 2019

 

Thamer Alhims

 

We are very happy with the approval of the Council of Ministers on the draft law of the Reconstruction Council, which means that the problems of financial, economic and legal investment bodies will be simplified solutions through the law. 

Creating a performance that elevates the level of creativity through experiences or educational attainment commensurate with the magnitude of the founding work, which should be away from the quotas.

In practice, there are multiple models that are problematic. In Karbala's infrastructure alone, 245 projects are lagging behind centralized and decentralized management, which cost nearly $ 4 billion. 

Through the Karbalai lesson, we can judge the two administrations (central and local) after investigating the causes and results. Proposed centralization of the Council for Reconstruction.   

Therefore, this Council comes as an alternative, after being armed with a feasibility research and studies center, especially that the modesty in the performance of our tasks should no longer be one of the scripts of sustainable development, which only need integrity in the performance first with a national will not regional, which was and continues to be the main obstacle to future development projects. .

The Fiduciary Framework Agreement with China should be poured directly into the CDR channel without passing through bureaucracies, poor performance and agendas, to proceed with the Chinese partner. 

Taking advantage of his unique experience in the speed of achievement and creativity to complete the infrastructure, especially in the light of the presence of 3 million Iraqis between displaced and displaced suffering the devastation of war.  

The reconstruction council may achieve equality, but not justice to the different levels of poverty among the provinces, an obstacle faced by China as well, but the solution was different from the Iraqi considerations, so we must adopt national solutions through projects pledged by the Central Bank to distribute according to the standards of justice and not equality 

For the reconstruction board to work within the framework of its major projects of equality and the Central Bank of micro-projects to combat unemployment, as the cash reserves of foreign currency exceeds the standards of international standards, so that our revenues do not go to build the economies of other countries.

LINK

[DinarThug]

The industrial city of Dhi Qar will create 5,000 jobs

 

Friday 11 October 2019

 

Baghdad / Suha Sheikhly 

 

The aim of the countries to establish industrial cities to serve the economic movement and the implementation of industrial activities and services and development, and the management and operation of industrial cities in Iraq should be in accordance with contemporary experiences and modern technology, provided that these cities outside the boundaries of the Baghdad Municipality, to encourage investment in the model of them to enhance industrial capabilities And create job opportunities for graduates and the unemployed.

Different industries

Ali Naim Attia, Director of Industrial Development of the Ministry of Industry and Minerals, explained the role of industrial cities by saying: "We have several industrial cities, including in the province of Dhi Qar (outside the city limits) and an area (200 dunums) and the rate of completion of 95 percent, including food, electrical, engineering, chemical and construction , And all industries required by investors after the city is completed. "

"The Dhi Qar industrial city project, when completed, will employ at least 25 workers in each industrial plant," Attiyah told Al-Sabah. "Each block will be allocated to a particular type of industry such as construction, electrical or Food, which means that 25 workers will be employed in each block. "

 

Other workers

"There are 200 blocks in one industrial city," he said 

The number of workers (5000) workers, note that there are engineers and other workers will be added to the total number, thus reducing the unemployment rate in 

Governorate".

He pointed out that "there is another industrial city in the province of Basra, located in the district of Zubair and the rate of completion of 55 percent, as we have an industrial city project in the province of Anbar and is now in its early stages."

"The ministry has a plan to establish an industrial city in all governorates of Iraq, and there are lands ready for the establishment of the industrial city in the provinces of the holy cities of Karbala, Najaf, Babylon and Mosul," he said.

 

Industrial Cities Law

"The industrial cities law started as an idea in 2013 after the merger of the industrial authority with the industrial cities, but the State Consultative Council demanded that the law be separate, since it belongs to the industrial cities," Attia explains.

"The law was prepared in coordination with the Ministry of Planning and the Ministry of Industry and through our reviews with the State Consultative Council. At the beginning of 2019. "

Developer career

"The law has created a profession (the developer), who is working on the design, construction or development of the industrial city and its infrastructure and public services," Attia said. He pointed out that "the Ministry of Industry is establishing industrial cities now," adding, "In the future, the investor and developer will establish the industrial city after the allocation of land From the state, to create an integrated industrial city. "

"As for the developer, he may be supervising the work or doing the work and hand it over to the Industrial Cities Authority of the Ministry of Industry and Minerals, which is composed of a board of directors headed by the Minister of Industry and Minerals and other members of some ministries with the rank of Director General, the President of the Federation of Iraqi Industries and the President of the Federation of Chambers of Commerce."

Attiyah shows that "the Industrial Cities Authority has been formed but has not yet been named a general manager of this authority," pointing out that "Iraqi law gave the local investor privileges, including the right to lease for a period not exceeding fifty years, and the conclusion of contracts with others, when the completion of the industrial city can The developer and the investor lease it to an industrial person to establish industrial plants and attend the industrial machines that will start work. "

"As for foreign investors, the law gave them the right to collect the amounts they spent by investing and the profits realized, and they have the right to make profits for the country of origin," he said.

LINK

[DinarThug]

Trump: We have reached a very important partial trade agreement with China

 

 

 

 11 October 2019 11:03 PM

 

Direct US President Donald Trump announced that the United States reached a "very important initial phase" in the trade deal with China in the ongoing negotiations between the two biggest economies in the world

Trump said in the Oval Office along with Chinese Vice Premier Liu He on Friday: "The second part of the deal will start almost immediately" after the signing of the first phase of the agreement

Trump said the first deal would address concerns about intellectual property and financial services, as well as the purchase of US agricultural products for $ 40 billion to $ 50 billion

The president said the first part of the deal would be written over the next three weeks

Steven Mnuchin said both sides had "almost complete agreement" on currency and financial services issues

He added that the decision to increase tariffs against China, which was supposed to come into effect next week, will not be enforced

At the talks, which resumed this week, both sides expressed optimism about an agreement in the near future

Earlier in the day, Trump said there were good things happening with China, noting that Washington and Beijing exchanged "warmer feelings" during this round of talks compared to the "recent past"

LINK

[Pitcher]

I bet if you interviewed the soy farmers now they would be singing Trumps praises.  The market was up big today.  Never bet against the USA, especially when you have a President that is truly trying to single handily make America Great again.   Must really stink to be a supporter of the Lawless, Do nothing obstructionists.   

Edited October 11, 2019 by Pitcher

[Spartakus]

It's supposed to be 21 projects per article, 20 seemed to be done. I wonder what 21th project is.

[DinarThug]

Communications decided to restore the Internet service around the clock after a storm of international warnings and a complaint against the minister

 

2019-10-11

 

Rebounds: Yassin Iraq

The Ministry of Communications decided on Friday to restore the Internet service around the clock without interruption after international warnings and a complaint filed by an Iraqi lawyer against Minister Naim al-Rubaie to the judiciary.

The ministry said in a brief statement followed by "Yes Iraq," that "has been obtained official approvals on the return of Internet service as of Friday, and the return of service around the clock."

Amnesty International has called on the Iraqi authorities to stop interrupting the Internet service and lifting the blocking of social networking sites, during the recent demonstrations calling for reform, which pervaded Baghdad and its suburbs, and the southern provinces.

The organization stressed in an official statement the need to respect the freedom of expression and assembly, for peaceful demonstrators.

For its part, cited the organization "Net Bloks" for cybersecurity that "almost complete cutting imposed by the state in most regions, severely limits the media coverage and transparency about the ongoing crisis."

Meanwhile, Iraqi lawyer Mohammed Juma, on Wednesday (October 9th), filed a lawsuit against the Iraqi minister of communications for authorities cutting the Internet during protests in the country in early October.

Where is the case and against?

The lawsuit filed in the Court of First Instance of Karkh demands that the defendant (the Minister of Communications) cancel the decision to stop the Internet service in the country as an illegal act contrary to the provisions of the Constitution and the laws in force. . The first meeting on the subject will be held next week, 17 October.

 

The accused minister .. Why the minister?

He explains that the lawsuit was filed against the minister, not the companies, because “there are official statements issued by the Ministry of Communications that specify the Internet disconnection. The first statement said that the Internet was interrupted for security reasons, and there is a statement from the 'Media and Communications Authority' indicates that the responsibility for disconnecting the Internet lies with the Ministry of Communications directly. "The second statement said that the Internet will be available from 7 am to 2 pm." After the lulls of protests, the Internet has become available in Iraq, where the authorities make it available during official working hours only, from 7 am to 3 pm!

Internet disconnection is a constitutional violation:

Jumaa said that "cutting off the Internet is an act against the laws in force and against the Iraqi constitution and is contrary to human rights treaties."

He therefore invoked Article 40 of the Iraqi Constitution, which guarantees “freedom of communication, postal, telegraphic, telephone, electronic, etc.” and article 46, which states that “the restriction or limitation of the exercise of any of the rights and freedoms set forth in this Constitution [shall be] only by law or by Such limitation and limitation shall not affect the essence of the right or freedom. ”

Internet service has been shut down in the past few days in Baghdad and the central and southern provinces in the wake of the bloody protests that left dozens of demonstrators dead and thousands injured, while a source in the government crisis cell said on Wednesday that the Internet service has returned during official working hours only.

See more: -

A REPORT FOR "YES IRAQ": THE CALM OF THE DEMONSTRATIONS RESTORES THE INTERNET PROGRAMMED WITHOUT COMMUNICATION SITES IN THE SOUTHERN PROVINCES

LINK

[DinarThug]

10-10-2019   Newshound Guru  Kaperoni   Article:   

"Finance Committee in the Iraqi Council of Representatives announced on Monday (19-August-2019) the government direction to reinstate the currency and delete zeros from paper currency in order to strengthen the national economy"  

You better hope that doesn't happen because they're talking about a lop it's clear as day...

"I want to remove the zeros off the paper"...

meaning lop them.   ...

my hope is the CBI is going to follow the directive of the IMF in float the currency and allow it to gradually rise based on the influx of capital as a result of significant investment to create a market economy.

But as a backup it seems that Parliament wants to pass a law to Simply lop the zeros off the notes and create a one-to-one exchange rate, as well as reducing the currency from trillions to billions... 

We have to hope iraq succeeds in launching this market economy.

[DinarThug]

10-11-2019   Newshound Guru Kaperoni  

People can only sit for so long with empty promises to they get restless. 

The government needs to activate economic reforms,

laws and the banking system needs to get open for investors to come in. 
Otherwise violence is only going to escalate.