Spiked Camel Kava Llama Java !

[DinarThug]

 

LINK

Adviser to Prime Minister: Business volume with China will exceed 500 billion dollars

 

22nd September, 2019

The economic adviser to Prime Minister Adel Abdul Mahdi, on Sunday, that the volume of business between Iraq and China will exceed 500 billion dollars in the next 10 years.

Said Abdul Hussein Hinan in an interview with Alsumaria's News, he said that "the volume of business between Iraq and China target over the next ten years would exceed $ 500 billion, starting from now and from this visit."

It began on Thursday since last September the current 19, an official visit conducted by Prime Minister Adel Abdul - Mahdi to China, accompanied by a delegation comprising ministers, governors and advisers, with a view to holding agreements and understandings between Baghdad and Beijing in several areas, including education, transport, industry and agriculture.

 

 

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Abdul Mahdi expects the volume of trade with China in the next decade

 

2019/22/09 15:25

[DinarThug]

And This Just In From ‘The Chin’ !  

 

     

 

 

 

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The stock market manager suggests companies buy back their shares

 

 

22nd September, 2019
 

 

In order to strengthen the tasks of the stock market and enhance the confidence of investors, the Executive Director of the Iraqi Stock Exchange Taha Ahmed Abdul Salam, to start joint stock companies to buy a proportion of their shares to promote the reality of those shares in daily trading.

Abdul Salam said that "companies in the Arab and international financial markets resort from time to time to study their possibilities and investment plans and measure the value of their real shares to the value of market shares in the stock market, and in this light take decisions to buy back a percentage of its shares to achieve a number of objectives”. He pointed out that “the objectives of companies to buy a proportion of their shares put on the stock market is to seek to enhance the earnings per share (dividend dividend distributed to shareholders), because of the absence of growth opportunities and investment in the company and the lack of opportunities to exploit the accumulated surplus, as well as when the company finds The market value of a stock is less than its real value.” He stressed that “during the period 2010 - 2016 US companies resorted to buy back a proportion of their shares from the stock market amounted to (3) trillion dollars,” adding that “in the first quarter of 2017 the value of shares that were bought back from the financial markets (133 To increase earnings per share, enhance market value and capitalize on its accumulated surplus.”

Regarding the need to approve the share buyback proposal and the reasons for this, Abdul Salam said: "From reading the data of joint stock companies and trading indicators during the period 2015-2019 shows the importance of the proposal that companies buy back a percentage of their shares, which can be summarized by the decline in the prices of shares traded for joint stock companies. At a mixed rate of more than 50 percent during the period, due to the absence of growth opportunities and investment, and the decline in earnings per share due to the rise of capital for a significant number of companies and the inability to make profits in other companies. “This proposal is one of the mechanisms of the international and Arab stock markets in order to enhance the value of the stock,” he said. “It is done under the most important conditions and controls, including the Companies Law and the Financial Markets Law.

The general assembly of the joint stock company shall approve the repurchase when discussing the final statements and accounts of the company, as well as specifying the period of retention of the shares purchased by the company and often does not exceed six months, and the shares purchased should not exceed 10% of the company's share capital. KE with the objective of that statement, with the importance of the note that shares the company to repurchase do not have the right to vote in the General Assembly meeting and do not have the right to receive profits until resale in the stock market after achieving the goal of buying them."

[DinarThug]

https://cbi.iq/news/view/1290

The Central Bank eliminates the fine shortage of deposits of small categories of banks

 

 

23rd September 2019

 

In its endeavor to cover the market need of new banknotes for small cash
categories (250, 500, 1000), the Central Bank of Iraq decided to cancel
the fine that may appear  in the deposits of banks licensed by this bank
of small cash categories and for a limited  period, in order to achieve the
desired purpose of withdrawing the currency Damaged in circulation

 

The bank would also like to show that the counting of banknotes damaged for these
categories requires time and effort from the competent staff for the difficulty of 
counting in the counting machines.

 

Central Bank of Iraq

information Office

2019/9/23

 

 

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The central bank issues a decision to cover the market need of small monetary categories

 

 

23rd September, 2019

The Central Bank of Iraq, on Monday, to cancel the fine shortage of deposits of small categories of banks, attributing the decision to cover the market need of new notes for small cash groups.

The bank said in a statement received by Alsumaria News, a copy of it, that "in order to cover the market need of new notes for small cash categories" 250, 500, 1000 "it was decided to cancel the fine shortage that may appear in the deposits of banks approved by small cash categories for a limited period," Indicating that "that comes to achieve the desired purpose of withdrawing the damaged cash currency in circulation."

 

He added that "the counting and sorting of banknotes damaged for these categories require time and effort from the competent staff for the difficulty of counting in the counting machines."

It is noteworthy that the Central Bank of Iraq during the last period pumped large quantities of small groups after these categories have been damaged, which the citizen found it difficult to circulate.

 

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‘The central bank issues a decision to cover the market need of small monetary categories  

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[DinarThug]

Finance Minister from Beijing: We will sign today the Framework Agreement on Financial and Credit Spending with China

 

Monday, September 23, 2019 - 06:05

 

Beijing - conscious - Ali al-Ahmad

 

 

Iraq and China will sign a framework agreement on financial and credit spending, Deputy Prime Minister and Finance Minister Fuad Hussein said Monday.

Hussein said in a speech at the Third Iraqi-Chinese Economic Cooperation Forum in Beijing: "This agreement will frame the financial and oil relations between the two countries, and create a basis for the work of Chinese companies in Iraq”.

http://www.ina.iq/

 

Edited September 23, 2019 by DinarThug

[DinarThug]

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Reveals Iraqi-Chinese plan on behalf of {withholding fund}

 

 

 

 

2019/23/09 11:49

 

 

Diyala Governor, Muthanna al-Tamimi, who is currently in the Iraqi delegation on his visit to China, revealed an economic plan between the two countries.

Al-Tamimi said in a telephone conversation with the correspondent of (Euphrates News), that "the head of the Iraqi delegation, Prime Minister Adel Abdul Mahdi, presented several plans that will revive the Iraqi economy," referring to the approval of the plan (withholding fund) with China, which will ensure the restructuring of infrastructure. 
 

Al-Tamimi pointed out that the Prime Minister agreed with the Chinese side to conclude project contracts with the Chinese government, which in turn from referring to companies to create some kind of transparency. Away from the documents and ado that of the mother N to get as reduce the size of the corruption that may occur in the conclusion of contracts with China." With regard to the recovery of the economy in the Diyala governor said Tamimi"

It is noteworthy that a large Iraqi delegation headed by Prime Minister Adel Abdul Mahdi, has been visiting China since last Thursday, the People's Republic of China and held many meetings and visits to Chinese officials and companies in many areas. The Prime Minister announced the Memorandums of Understanding and the eight agreements to be signed in Beijing on Monday. 

[SgtFuryUSCZ]

Okay.

So just how many IQD do the Chi-Coms have exactly....

things that make us go "hmmnn".... 

[DinarThug]

LINK

Iraq and China agree to establish five joint industrial cities

 

 

2019/23/09 10:59

 

 

Minister of Industry and Minerals Saleh Abdullah Al-Jubouri announced in a speech during his participation in the work of the Iraqi-Chinese Economic Cooperation Forum in Beijing on the agreement to establish a joint industrial city to manufacture Chinese products and international specifications.
 

The minister said Jabouri, according to a statement of the Ministry of Industry received agency (Euphrates News) a copy of "the signing of a memorandum of understanding to complete the initial construction of industrial cities in five Iraqi provinces."

He pointed to "put more than 200 projects and investment opportunities available to the companies of the Ministry of Industry and Minerals in various industrial fields."
 

 

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The Minister of Industry agrees in Beijing to establish a joint city to manufacture Chinese products

 

 

23rd September, 2019

[DinarThug]

LINK

China Energy Corporation is ready to enter strongly in Iraq

 

 

22nd September, 2019
 

 

Deputy Prime Minister and Minister of Finance Fuad Hussein and the accompanying delegation visited the China Energy Company and met with its Chairman Yu Kang and members of the Board of Directors and executives of the company.  He was briefed on the most important projects undertaken by the company, one of the largest Chinese and international companies in the field of energy and dams, as well as railway networks, highways and modern schools.

Chairman of the Board of Directors spoke that his company under the guidance of the Chinese government is ready to work in Iraq and to engage strongly in the field of infrastructure reconstruction and design of large - scale projects in Iraq, roads, bridges, railways, ports and power plants and desalination plants, schools , modern and sophisticated
also said that the energy company The Chinese are now establishing a number of stations in Wasit, Missan and Salah al-Din as well as participating in the Basra water treatment plant.

For his part, the Deputy Prime Minister said that the new Iraqi government has a clear program in the reconstruction of infrastructure because of the destruction suffered by Iraq due to internal and external wars and economic blockade. He noted that Iraq has a clear program in this process that the reconstruction and building the economy needs to experience external financing and investment We are in the process of signing the framework agreement for joint action and the strengthening of relations with China."

The Minister of Finance, "we need at the present time to strategy, such as rail internal and external iron networks projects And the construction of power plants to deliver electricity to all parts of Iraq and hours of full processing and we need dams to preserve the water wealth and energy production and the organization of water management.  On the other hand, in the education sector, Iraq needs in all parts of modern schools to modern Baloa The tutorial is located in it.

The meeting was attended by the ministers of transport and electricity and the governors of Baghdad, Anbar, Diyala, Dhi Qar, Karbala, Erbil, Sulaymaniyah, Dohuk, Wasit and advisers to the Prime Minister and a number of general managers in the Ministry of Finance and the Central Bank of Iraq.

[DinarThug]

LINK

Iraq and China sign eight memorandums of understanding

 

 

23rd September, 2019
 

 

The Iraqi and Chinese governments signed in Beijing on Monday eight agreements and memorandums of understanding in the presence of Prime Minister Adel Abdul Mahdi and Chinese Premier Li Keqiang.

The agreements were signed, according to a statement issued by the Iraqi government today, at the end of the expanded round of talks between the Iraqi and Chinese official delegations held in Beijing today headed by Prime Minister Adel Abdul Mahdi and Chinese Premier.

The agreements and memorandums of understanding, according to the statement, included the areas of finance, trade, security, reconstruction, communications, culture, education and foreign affairs.

At the forefront of the agreements and memorandums of understanding signed, the agreement on the implementation of the mechanisms of the framework agreement between the Ministry of Finance and the Chinese Agency for Credit Guarantee (Sine Shore), and the agreement of economic and technical cooperation, and a memorandum of understanding between the Iraqi Ministry of Finance and the Ministry of Commerce on cooperation for post-war reconstruction in Iraq.

A memorandum of understanding was signed between the Ministry of Communications and the China Office of Aeronautics in Satellites, a security memorandum of understanding between the Iraqi Ministry of Interior and Public Security in China, and a memorandum of understanding on the executive program of cultural cooperation.

They also included a memorandum of understanding between the Iraqi and Chinese foreign ministries on the lands allocated to the diplomatic missions, and a memorandum of understanding between the Ministry of Higher Education and the Information Office of the State Council to establish the Chinese Library at Baghdad University.

On the premier's proposal, the Chinese premier welcomed the establishment of a joint committee to promote cooperation and achieve practical results of the agreements signed to enter into force and achieve its goals.

They discussed the situation in the region and the identical positions of the two countries towards it and Iraq's good relations with all neighboring countries, the region and the world that serve the security and stability of the country and the whole region.

 

[DinarThug]

82% believe that the Arabs will lose from the economic war between America and China

 

- 3 Hours Have Passed

 

 

The vast majority in a poll conducted by Al Jazeera Net that the Arab countries will not profit from the trade war and currency war sparked by US President Donald Trump.

Eighty-two percent of respondents from September 5 to 12 were convinced that Arabs would lose out of the US-China economic war.

About 1,000 respondents in the poll asked: "Do you think the Arabs will win from the currency war and the trade dispute between America and China?"

Only 18% of respondents in the Al Jazeera Net poll appeared convinced that Arabs would profit from the adult conflict.

The two economic giants, the United States and China, have entered a trade war since 2018 by imposing billions of dollars in tariffs on their imported goods, affecting the rest of the world.

While Trump announced that his country is reaping large sums of duties on Chinese products, which could total up to $ 100 billion, he pointed to talks between the two countries to reach an agreement to end this war is going well.

"Consumers are on the winning side only because they are created to buy the goods of the economically strong, especially the Arabs and the Gulf states," said one respondent.

"Arabs are always losing," said Ford. "We are just consumers and we are the spectators."

One participant described the trade war and the currency war between America and China and other countries as "a new American method to get what is left in the pockets of the poor in favor of the wealthy." "If they were going to win, they would have won," said another.

On the other hand, one participant called for investing the trade war.

Trade between Arab countries and China reached about 244 billion US dollars last year, up 28 percent year on year, according to a report by China's official Xinhua news agency.

Chinese exports to Arab countries reached $ 104 billion, while Chinese direct investment in all Arab sectors reached $ 1.2 billion in 2018.

The new contracts signed by Chinese companies in the Arab countries amounted to 35.6 billion dollars, an increase of 9% compared to 2017.

Why currency war?
Currency wars often occur among industrialized countries in order to boost their foreign exports and support competition among their companies.

They resort to devaluing their currencies against other currencies so that they can export as much of their products abroad at preferential prices.

The CEO of Aldar Exchange in Qatar, Juma Al-Madadi, said in an interview with Al Jazeera Net that the currency war between China and America is due to the desire of both sides to improve the terms of the economic agreement between them, which is currently unclear but will have an impact in the Middle East markets.

China and the United States account for more than half of the world's export and consumption markets.

The same spokesman believes that America, with its great potential, especially in the laws of supply and demand, continues to dominate the economic, financial and monetary operations in the world.

“China can become a dominant power if it changes its laws,” he said. “If it and its laws remain in the current and guided form, their hegemony over the world will be delayed.

In August, the administration described China as a currency manipulator by allowing the yuan to fall below seven yuan per dollar, while Beijing denied the accusations, as confirmed by the International Monetary Fund.

Al-Madadi believes that the currency war between the US and China will have little impact on the Arab markets at the moment, but if this war continues in the future there will be a positive impact, as the Arab markets will benefit from Chinese or American products because of the possibility of lower prices.

As for the Gulf markets, he says, they rely on the fluctuation of the relationship between the dollar and the yuan, because the currencies of these countries are pegged to the US currency. If the yuan depreciates, Chinese goods will become available, and vice versa if the dollar falls, Gulf markets will be boosted by US goods.

Not far from these convictions, says the General Manager of the "consultants coalition" Qassim Mohammed Qassim "Look at the positive aspects of foreign exchange wars on importing countries, especially for the Arab world."

Such wars, he adds, help reduce the cost of imports from the low currency area and raise the cost of goods from the high currency area.

Despite the Trump wars, trade rivalry between the United States and China - the focus of the Trump administration, which raises America's slogan first - increased to its highest level in six months, with the US goods trade deficit with China rising 9.4% to $ 32.8 billion in July.

For oil-exporting countries, the effects are determined by the value of the dollar in the markets, up and down, because the oil is denominated in US dollars, as Qasim Mohammed Qasim believes in an interview with the island Net.

Economic adviser Abdul Rahim Al-Hor believes that the Arab world is part of the global economic system, and therefore everything that affects this system affects the Arab world in terms of consumption, manufacturing and oil and gas exports.

He adds in an interview with the island Net that the impact of global trade because of the conflict between the United States and China will necessarily affect the oil-exporting countries and consumer countries that depend on imports.

Al-Hor seemed convinced that the current trade conflict and the subsequent currency war would eventually lead to the emergence of new cryptocurrencies globally.He said what he called labor will lead to the birth of cryptocurrencies and the spread of blockchain technology, which he believes will become dominant in the near future.

US trade with MENA countries exceeds $ 100 billion, while US-Arab Chamber of Commerce data show that US exports to Arab markets exceeded $ 60 billion by 2017, but these exports are declining.

Source: Al Jazeera + Agencies

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[DinarThug]

7 minutes ago, SgtFuryUSCZ said:

Okay.

So just how many IQD do the Chi-Coms have exactly....

things that make us go "hmmnn".... 

 

Somebody Get Weegie To Ask The Chinese Elders !  

 

     

[DinarThug]

Finance Minister discusses with CITI Bank to complete banking preparation for the second step to start financing projects

 

 

 

Baghdad - Conscious

 

Deputy Prime Minister for Economic Affairs and Finance Minister Fuad Hussein on Sunday discussed with the Chairman of the Board of Directors of Citibank BankJanak your time to complete the banking preparation for the second step after opening accounts in order to start financing projects.

A statement from the Information Office of the Deputy Prime Minister for Economic Affairs received by the Iraqi News Agency (INA), said that "Deputy Prime Minister for Economic Affairs and Finance Minister Fuad Hussein met with the Chairman of the Board of Directors of CITIC Bank Junk your time accompanied by the Ministers of Transport and Electricity and Governors of Baghdad, Basra, Karbala, Wasit, Diyala and Anbar And Maysan and governors of Erbil, Sulaymaniyah, Dohuk, Wasit and Dhi Qar.

He pointed out that "during the meeting reviewed the measures that will be taken by the two sides in order to complete the banking preparation for the second step after opening accounts in order to start financing projects, which will focus on infrastructure projects and strategic projects and internal and external railway networks."

[DinarThug]

LINK

Iraq receives an official invitation to participate in the World Economic Forum (Davos)

 

 

 

2019/23/09 0:51

 

 

The President of the Republic Barham Saleh, at his residence in New York, the President of the World Economic Forum Klaus Shawalba, on Sunday, on the sidelines of the meetings of the United Nations General Assembly.

"The need to build a new economic order in the region that supports civil peace in all countries," the president said, stressing the need for the economy as a supporter of peace through the links created by the labor market."

For his part, Shawalba appreciated the president's economic orientations and expressed his hope for concerted efforts to create a positive economic environment for work.

Saleh received an "official invitation from the World Economic Forum to participate in the Davos Forum, and thanked Shawalba for this invitation."

[DinarThug]

LINK

JP Morgan gives the Iraqi trade bank the award of excellence in direct transfers

 

 

 

23rd September, 2019
 

 

The Iraqi trade bank has won the award for "Excellence in payments and automatic transfers" from the bank of JP Morgan Chase. The new prize will join a series of achievements of the bank During the year as one of the best banks in Iraq.

Faisal God, President of the Iraqi trade bank and chairman of the board of directors, received the excellence award during a recent ceremony held in Beirut by Ali Musa, head of banking at for central, Eastern and Eastern Europe. Middle and Africa. The STP award measures the quality of automatic payments and transfers that are done without any hand intervention, is an indicator of the speed of transactions, and helps to reduce the risk of errors, operating cost and actions.. The STP prize also measures how fast and accurate Transfers between different international banks, time and risks.

The Award of the STP award depends on the number of electronic transactions performed by the bank, the ratio of international direct electronic transfer, and the measure of whether the actions are in line with the strict criteria of "JP Morgan chase". The Iraqi trade bank (Bank) was successful by the 2018 JP Morgan assessment to be among limited banks around the world that won the excellence prize in direct transfers by 99.00 % MTI 103. The Iraqi trade bank is the culmination of its tireless efforts in investment and infrastructure development and in organizing its national network to provide the latest banking systems and services to customers. In addition to the success of the bank by expanding its branches and Atms, improving its banking capacity by extending working hours and providing facilities for night deposits.

On the occasion of the award, Faisal God, chairman of the Iraqi trade bank and chairman of the board of directors, said: "We are very proud to receive this outstanding award. If it shows anything, it shows our constant commitment to focus on customer satisfaction and achieve Highest Global financial standards". "This award is crowned with our efforts to improve direct transfers, our efforts to address and develop international transfers to meet the growing and evolving needs of our customers, and it is an indication of the efficiency of our bank in dealing with bank transfers and reconciliation." Ali Musa, head of banking transactions at for central and Eastern Europe, middle east and Africa, commented on the award: "The Iraqi trade bank wins this award in recognition of its consistent and consistent performance. On business implementation and delivery of services, managing money transfers by global standards, the focus on raising performance and transparency has contributed to the growth of the bank at the local and regional levels".

The Iraqi trade bank is constantly serving as one of the pillars of the Iraqi National Economy and is constantly enhancing the Iraqi government's share of its shares by expanding its business locally and internationally. Promoting and securing foreign investment has always been one of the bank's main objectives to promote investment within Iraq and provide its services as a reliable option for investors. In addition to improving the Iraqi economy and contributing to reconstruction. "This award confirms the clear success achieved through the implementation of our strategy, which aims to set new standards in the Iraqi banking sector through innovation and outstanding performance. I take the opportunity to thank all the employees of the bank for their dedication and dedication that led us to this success and this award".

It is worth mentioning that the bank has received a number of awards this year including " Best Achievements 2019 " from the achievements forum in Milan, the international finance award, the " best local bank in Iraq 2018 " and " the best investment bank in Iraq in 2018 " during the distribution ceremony of the global finance magazine for banks in the middle east and North Africa", in addition to winning the " Best Commercial Bank in Iraq for 2019 " during the global Finance Magazine Awards ceremony in the British Capital London. He deserved the title " Best Banking Bank for individuals " and " best banking banking " From International Finance Magazine. The Bank continues to play a central and influential role in the recovery and growth of the Iraqi economy through its strategic plan established until 2021, and the Iraqi trade bank continues to achieve more partnerships in the region and the world with all banking and commercial sectors towards prosperity Inside the Iraqi.

[DinarThug]

LINK

Trade Bank of Iraq

 

23rd September, 2019
 

 

A reference to what some social media has taken from a government bank. 

We would like to stress that the cards issued by the Iraqi trade bank and its electronic payment system are fully secure.

And that what happened yesterday from a stop of atm was due to the maintenance of the banking system. We assure the bank to take all possible measures to protect its customers.

 

[DinarThug]

LINK

Source: Saudi Arabia will restore full oil production by next week

 

23rd September, 2019

 

 

Saudi Arabia has recovered about 75 percent of its crude oil production losses from attacks on two of its oil facilities and will return to full volumes by early next week, a source familiar with the latest developments told Reuters on Monday

The source said that the production of Saudi oil from Khurais now exceeds 1.3 million barrels per day, while the current production from Abqaiq at about three million barrels per day

Attacks on Khurais and Abqaiq, two of the kingdom's largest oil facilities, have halted 5.7 million barrels per day (bpd) or more than half of the kingdom's oil production. Saudi officials say production will return to full capacity by the end of September

[DinarThug]

Iran's efforts to "regime change" in Saudi Arabia and Washington

 

- 10 Hours Have Passed

 

 

 

Recent strikes on major Saudi Aramco oil facilities indicate that Iran's rulers have adopted more ambitious foreign policy goals than previously thought. Tehran also appears intent on destabilizing the global energy market, forcing Europe and the United States to end Trump's “maximum pressure” policy, as well as promoting fundamental political change between two of its biggest enemies: the United States and Saudi Arabia.

The most alarming idea for Iranian rulers is regime change, a notable threat that has shaped their actions since the Islamic Republic was founded. Whenever they make important decisions about sitting at the negotiating table or becoming more militarily aggressive, they often do so for fear of regime change.

For example, Supreme Leader Ali Khamenei has allowed nuclear negotiations in the past when he believed that regime control of power could be threatened by severe economic sanctions and related domestic developments. But today, he has returned to his old line of refusing to talk to an American government presumably determined to overthrow him. As he said in a September 17 speech, “When America offers to negotiate, this does not mean a just solution; what it means is 'Let's negotiate to accept everything I say'… Over the past 40 years, [the Americans] have failed to overcome Iran [though] used all sorts of tricks; instead, the policies of the Islamic Republic overcame their policies, one after the other, and then, thanks to the power and authority of God, they themselves will be overcome by the Islamic Republic. ”

Threat tone to the Saudi monarchy

Since coming to power in 1979, the Iranian regime has never been able to fully normalize relations with the Saudi government, in part because of the kingdom's position as an ally of the United States and the world's major oil exporter. Recent developments have exacerbated the state of disharmony between the two countries, from Riyadh's gradual rapprochement with Israel, to the bloody conflict between the Saudi alliance and Iran-linked forces in Yemen, and to the attack on Saudi diplomatic missions in Iran in 2016, which scrapped any hope of détente. In the near future.

In addition to identifying the opposite aspects of various regional issues and conflicts, leaders in both countries have been increasingly hostile towards each other over the past few years. In Tehran, officials have repeatedly criticized the Saudi ruling family and expressed the hope that the monarchy would collapse. To the extent that the phrase "regime change" frightens them in referring to Iran, they like it when it is addressed to the House of Saud.

For example, Khamenei's annual speech on March 21 in Mashhad included violent and lengthy words against Riyadh: “Saudi Arabia is the worst government in the region: it is authoritarian, unfair, corrupt, and puppet [in the hands of others]… The West declares that it will provide nuclear facilities and missile production bases to this government because it knows that [Saudi Arabia] relies on them. In a speech in 2018, Khamenei even denied Saudi sovereignty over the holy cities, which form the cornerstone of the local and regional legitimacy of the ruling family: `` The Ka'bah and [Mecca and Medina] belong to all Muslims, not to those who rule that land. ''

Khamenei's speech in Mashhad this year also expressed confidence that he could not succeed in attacking Iran militarily, whether by regional or foreign powers. “Today, everyone has concluded that the enemy is at war with us, and this war is manifested,” he said. On economic issues, there is no doubt that we will defeat the enemy in this war with the help of God, but that is not enough… we must also build a deterrent force… for the enemy to realize that he cannot put pressure on the nation through the economic sector… In the past, we were not able to confront Air or rocket attacks of the enemy… But today, our enemies in the region or those who know They have forces in the region that the Islamic Republic can respond firmly to any attack with its high-precision missiles… Enemies who tend to launch a military attack must be aware that this is not possible, and that the Islamic Republic has a mighty grip by which it can respond [to any attack]. ”

Most recently, Saadallah Zarei, a member of the editorial board of the Kayhan newspaper, widely regarded as Khamenei's mouthpiece, recently issued a striking military threat against Riyadh in an interview on 17 September. Denying the possibility of a full-scale war with the United States, he warned that Iran's objectives would be at its maximum in any regional conflict. “If Iran attacks Saudi Arabia, all Saudi ports, oil wells and energy resources will be targeted,” he said. Not just a partial suspension of Saudi oil exports. ”

Harm opportunities for Trump's re-election

Iran seems to be doing its best to make Trump's first term, his last. If Khamenei concludes that the US administration cannot afford to go to war during the US election year, he may become more assertive in trying to destroy President Trump's credibility and campaign messages, mainly by taking steps that make him appear to have failed in foreign policy toward Iran, Energy, the Middle East. This includes seizing oil tankers in the Gulf, attacking Saudi production facilities, and other measures that raise oil prices to the point where it becomes Trump's political responsibility.

In the end, Iran seems to believe that it may be able to claim credit for a change in the US “regime”, while at the same time making the next US administration believe it has no choice but to back down from sanctions. According to this argument, Trump's loss of elections in 2020 will make conditions more conducive to Iran in any future negotiations. Khamenei also appears determined to undermine Trump's credibility in the eyes of America's regional allies in order to weaken their position in dealing with Iran.

Other Iranian figures have expressed similar ideas on how to change Washington's status. On June 27, 2018, President Hassan Rouhani portrayed the “resistance” as the only wise response to external pressure, and then pointed out that the Trump administration would not last long: “Don't think that the person who, as the US president, violates all international rules, He commits grievances against all Muslims in the world that can succeed; rather, he will see the answer to his unfair behavior. ” Earlier this month, Amir Mousavi, director of the Center for Strategic Research, a hard-line institute close to the Islamic Revolutionary Guard Corps (IRGC), announced that "the Iranian dossier could lead to Trump's defeat in the 2020 election."

Conclusion

Although it is by no means clear that Iran can effectively influence American public opinion or the preferences of voters in the United States, it is certain that the regime will be happy if the rest of the world believes Tehran has such capabilities. For a fundamentalist regime such as the Islamic Republic, the manifestations of power are often as important as actual power.

Meanwhile, Iran continues to operate in the gray zone, which Khamenei famously implied that there would be "no war" with the United States, but also the lack of negotiations - a strategy that guided the Iranian regime's actions throughout the region and gave it a free hand to conduct maneuvers. Bold and destabilizing against other nations. However, his recent threats to the Saudi monarchy and its attacks on Saudi oil targets have exceeded the previously envisaged borders and could escalate further if left unchecked.

Therefore, while the United States must cautiously avoid military confrontation with Iran, keep the door open to direct negotiations, and do more to clarify what it wants from the Islamic Republic, it must also find credible and sustainable ways to strengthen its deterrence and calm the recent surge in Iranian aggression. In addition, US officials should expect the regime to become more creative in how it pursues the anti-Trump agenda. Having tasted success on this front, it will do more. Continued inaction is not an option, because it will only fuel Iran's ambitions. As proof, it is enough to take a look at the attacks on Saudi Aramco, which came after the regime became emboldened by the absence of a major response to its attacks on cargo ships in the Gulf and on a US drone.

The Washington Institute

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[DinarThug]

Theft of Iraqi funds: 6 thousand imaginary projects at a cost of $ 178 billion

 

 

Previous demonstration in Basra demanding the fight against corruption (Haider Hamdan / AFP)

Baghdad - Salam Jaf and Mohammed Ali

 

23 September 2019

 

 

Corruption continues to  plague Iraq, despite  government measures aimed at besieging it. A recent parliamentary statistics revealed that there are more than 6 thousand imaginary projects since 2003 cost Iraq $ 178 billion.
An Iraqi official in the office of Prime Minister Adel Abdul-Mahdi said that 30 per cent of the projects were sponsored by the Americans.
The government official, who spoke on condition of anonymity because he was not authorized to speak to the media, said that the remaining 70 percent of the mock projects took place during the time of successive Iraqi governments after the departure of the Americans. The second, including residential, tourist and service complexes, which he himself laid the foundation stone for, but ended up unknown and did not see the light, although the amounts were spent from the public budget.
As to whether the current government has the ability to open this file, the official said: "It will be a very serious file, because many political leaders are involved in it, not only include Maliki, but most of the current political leaders in the country."

"The number of fake projects in Iraq since 2003 (after the US-British invasion), up to this year, has exceeded 6,000 projects," said Jassem al-Bukhati, a member of the Iraqi Parliament's Services Committee. It is about 200 trillion Iraqi dinars, or about $ 178 billion, over the past 16 years. 

The MP called, in a parliamentary session, the day before yesterday, to "open the file of those illusory projects that caused a large waste of funds of the state budget," stressing that "the government must hold accountable spoilers and recover the money looted from the state treasury because of those projects that did not have Fact on the ground. " 

 

Iraq has been plagued by corruption for years and ranks 12th among the world's most corrupt countries, according to Transparency International's latest report.
Riyad al-Tamimi, a member of parliament's economy and investment committee, told Al-Arabi Al-Jadeed that "Resolution 347, which was adopted years ago, allowed companies to annul a contract with the consent of both parties or settle, complete or invest the project they are working on." He pointed out that "this decision is bad and wasted more than 4,000 projects as infrastructure since 2008 and until 2014 and caused the waste of public money."

He pointed out that "the corrupt exploited this decision for their own interests and for the agendas of corruption, and this is proven and personalized and at the level of the Commission of Inquiry on this subject." Al-Tamimi accused "all governors of legal irregularities in the implementation of projects."

MP Alaa al-Rubaie, said that "the Ministry of Education since 2011 demolished 1500 schools across Iraq, on the basis of building new schools replaced," and revealed to the "new Arab", that "until the moment did not establish one school of them, and included in the mock projects, and the ministry did not Accountable to the negligent and corrupt in this project, which is now in the cabinet. "
He pointed out that "Iraq needs more than 10,000 schools, and we are coming to a new school year, but there is a shortage of school buildings reflected negatively on education in Iraq."

Al-Rubaie stressed that "the explosive budgets allocated huge funds for the establishment of large projects, but in fact that nearly 2000 projects did not see the light, has not been built up to this moment, including hospitals, schools, road projects and other projects stalled."
He blames state oversight bodies for failure to deal with corruption and illusory projects. A member of the Parliamentary Integrity Committee, Kazem al-Sayadi, told the "New Arab" that "the regulatory agencies in the country were very bad in monitoring public money and follow-up," and felt that "the number announced for the fake projects may be less than the real number, there is a blackout on the issue of corruption in The state, not to show the theft of the people's money, and the political blocs are involved in corruption. "

As for the most prominent sectors in the phantom projects, the housing sector came first, then agriculture, health and education, as well as infrastructure such as roads, bridges and sewage networks, according to an official at the Financial Supervision Bureau, who spoke to the New Arab. This is an estimated 200 trillion dinars and may be more.
The official, who asked not to be named, asked about Nouri al-Maliki's projects he announced south in his second term, and why he is not being held accountable. And where the money spent for her? Stressing that the provinces of Baghdad, Babylon, Karbala and Basra, the most provinces of Iraq that have been carried out by the fake projects in the country.

The Iraqi national income since 2004 is estimated at more than $ 1 trillion, depending on oil revenues exported in the same period, in addition to the governments after the occupation received about $ 200 billion in grants, loans and various assistance, most of which came from the United States and various European countries. However, the country has so far suffered from a clear collapse in the sectors of health, education and services such as water and electricity, as well as the deterioration of infrastructure, which has not been any modernization or addition, despite the increase of the population in the country to nearly 40 million people, compared to what it was before the occupation by about 29 million people. 

On the effects of worsening corruption and waste of public money, says the Iraqi economist Ali MPs that the government will not succeed in the effort to attract foreign investors, including the Chinese, to its yard, unless you give them confidence that they will not be subject to extortion or problems, the influence of militias reached intervention in the work of companies Corruption is ravaging government institutions, and there is confusion in investment laws.
He pointed out that the reasons for the failure of Prime Minister Haider al-Abadi in his visit to China in 2015 still exist, and did not change in the government of Adel Abdul Mahdi, but may have increased.

This comes in conjunction with Abdul Mahdi's visit to China, which was considered more economic than political and aims to attract Chinese companies to Iraq to enter into many sectors, the most important of which is housing, energy and infrastructure.

"On arrival in Beijing, Abdul Mahdi held talks with Chinese officials focused on the government's vision of the relationship of cooperation and partnership between the two countries, and the renaissance achieved by Beijing to benefit from its successful experience," a statement from the Prime Minister's Office said.

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[DinarThug]

State frank care

 

Monday, September 23, 2019

Shining Raji

 

The IMF's advice is unpopular and its advice often does not produce the desired results, but its figures and warnings are realistic.

In its latest warnings, the IMF pointed out that the Iraqi government is "wasteful" in spending in a way that threatens any economic progress, and whenever talk about the problems of the Iraqi economy exploded the old justifications and explanations of the type "Iraq is a rentier state and depends on oil only and most of the money goes to the salaries of employees." , This is less than a third of the truth, the second third Says: 

The Iraqi state apparatus is no longer able to manage the economy in a way that keeps pace with the times due to legal, technical and even technological imbalances.The third third is related to the fact that the state does not effectively control all its revenue outlets due to security and political ambiguities and the crowding of internal forces in seizing the resources of rent and public property.

Focusing on the state's rent and the weight of the employees' salaries is easy and does not lead to problems when talking about it

If it is not in the hands of controlling the salaries of employees to reduce the burdens, the state should move from the policy of recruitment and continuous management of losing institutions to the concept of frank and direct care. Part of this trick costs the state almost the salaries of actual employees

The state does not need all this amount of employees and some public companies lose many years ago and became out of active service due to the depreciation of the equipment and provided (the most modern government factories due to the Caleniat) and high production costs and the decline of skill staff.

 Any talk of campaigns to revitalize these companies is simply populist dreams or tricks to withdraw more money for imaginary rehabilitation. In any case, countries no longer produce dairy, blankets and shoes. 

The cigarettes ...

In the case of crisis-stricken countries, the modern state protects and supports only production. support and protection are conditional on employment rates for citizens, non-monopoly and price controls. 

Shame.

The state of explicit care is the closest to achieving most of the constitutional texts that talk about the ownership of the wealth of the Iraqi people and the rights of individuals in treatment, housing and education, and most importantly, it achieves equality and justice among citizens, whether employees or non-employees as long as the concept of work in Iraq has been terrible and no longer linked to production. As a mere channel for granting money, often in a format that is subject to political bidding, electoral mobilization and blackmail, we should not rule out the link between low participation in elections and the suspension of Appointments.

Explicit care means that the state provides treatment and education to citizens directly in private institutions subject to supervision and is obliged to appoint Iraqi citizens to some extent and ensure health and retirement instead of continuing to spend on government health and educational institutions failed and flaccid and pursued charges of corruption often, and explicit care means the delivery of monthly pensions that preserve their dignity in the event Lack of job opportunities in the private sector.

The state of open welfare is not a new innovation or a misleading innovation, but a reality that exists in more than one place, but it is subjected to political distortion in Iraq because the continuation of spending on dilapidated institutions is a source of funding for political forces, as calls for the expansion of the non-economically productive appointment are partisan and extortion.

The state of open welfare breaks up the vicious economic link between citizens' lives and political affection through the destruction of public wealth in non-productive institutions. Feasibility.

The economic reform in Iraq is the key and the basis of any reform, which is recognized by the forces of government, but strongly rejects, the current path to deal with one-third of the crisis (salaries of employees) is what covers the two-thirds large (worn out administrations and plundering public resources).   

link

[6ly410]

Cheers bro let’s go 

[6ly410]

Let’s go RVVVVV haha cheers 

[DinarThug]

15 hours ago, DinarThug said:

Anybody Seen The Bro’s Lately ?  

 

     

 

 

12 minutes ago, 6ly410 said:

Cheers bro let’s go 

 

Lionel - Is That U ?  

 

 

And Does George Know That U’ve Been Calling Weezie ...

 

     

[6ly410]

haha

[DinarDavo]

Between the IMF evaluation and the in house review of the first year of Mahdi's government......looks like business as usual....for crap.

[DinarThug]

LINK

Mullah Talal: The Military Industrialization Authority will have economic and military advantages

 

 

 

2019/23/09 20:47

 

 

MP of the opposition wisdom bloc, Mahmoud Mulla Talal vote on the draft law of the military industrialization "is very important because of its positive returns on the security system."

 

Talal said in a statement received by the Euphrates News Agency, "despite the delay in the step to approve that project, but we are good for its approval and must go ahead by the government side to complete all aspects and bring it into effect."

He explained that "the war industries industry will contribute to the support of the national economy in addition to the establishment of a large industrial system in Iraq, supplying our security forces of various types with weapons, ammunition and military equipment."