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The Council of Ministers is making new appointments to independent bodies

 

In the document .. The Council of Ministers is making new appointments to independent bodies
 
 
2019/11/1 20:13

 
The Council of Ministers, the appointment of nine personalities in senior positions in independent bodies.
 
The appointments were distributed as undersecretary in the Hajj and Umrah Commission, the Secretariat of Baghdad, the Integrity Commission, the Shiite Endowment Bureau, the Endowment Bureau of other religions, the Accountability and Justice Commission, the Central Bank of Iraq, the Investment Commission and the Prisoners Foundation.
 

Resized Image

 
Translation....

The Council of Ministers decided at its high regular session Arbeen Bald on ۲۰۱۶/۱۰/۲۲, Tumiya to the House of Representatives Babai: Atabon listed for their highness I, in the positions obscured towards each of them, based on the provisions of item (Khasa) of Article (۸۰) of the Constitution. Ministry:
Imran Moussa Deputy Chairman of the Supreme Commission for Hajj and
Umrah Omda Bukhad for Technical Affairs
Muzaffar Turki Abdul Vice President of the Integrity Board Shiite Endowment Office Under Secretary of the Endowment Bureau for Christianity and Yazidis and a few
Mandaliya Salah Muzahim Darwish Vice President of the Supreme National Commission for Accountability and Justice d. Munther Abdul Qader Al-Sheikhli Talab Governor of the Central Bank of Iraq 
Salar Mohammed Amin Vice Chairman of the National Investment Authority
Safa Mohammed Reda Abdul Huda Vice President of the Foundation for the Prisoners Building

 
2 hours ago, DinarThug said:

The Council of Ministers is making new appointments to independent bodies

 

In the document .. The Council of Ministers is making new appointments to independent bodies

 

LINK

Prime Minister's spokesman: Abdul-Mahdi will submit the ministerial change to parliament for a vote

 

222-%D8%B9%D8%A8%D8%AF-%D8%A7%D9%84%D9%85%D9%87%D8%AF%D9%8A-696x435.jpg

 

2nd November, 2019
 

Prime Minister spokesman William Warda confirmed on Saturday that the prime minister intends to submit the ministerial changes in the coming days, indicating that the expansion depends on the performance of the ministers during the recent period and the implementation of reforms.

Warda told Al-Maalouma that "Prime Minister Adel Abdul Mahdi is about to complete the partial cabinet change in the cabinet and submit his list to the House of Representatives for a vote."

He added that "the Prime Minister intends to expand the ministerial change to the rest of the other positions in the government," noting that "the change and assessment is taking place over the implementation of the ministerial program of ministers and the implementation of reforms."

He explained that "the latter will submit a list of ministerial change during the coming period of the parliament."

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SM: The economic process has fallen where there is no active public sector or an active and developed private sector


by Ali EjamEconomics

 

3/11 

 

Baghdad:

 

 

The expert in economic affairs d. Salam Semsem, The problem of unemployment and high poverty is a natural product of the failure of the economic process on the one hand and the policy of the distribution of jobs followed in the country.

 

%D8%B3%D9%84%D8%A7%D9%85-%D8%B3%D9%85%D9


"The issue of economic reform is not linked to changing some ministers and bringing others as many claim, but the issue is to restore the value system of the economy in Iraq," she said.

"When the constitution announced that we are in the process of transitioning to a free market system, this will not happen in reality, but the state's control has continued. Public-private partnership in this case fell the economic process as a whole and there is no effective public sector and lead the cycle properly and in return we have a private sector active and developed, which exacerbated the problem of the economic process.

She also called for a reformulation of the economic process of decision-makers and economic centers in the country in line with the market economy and effective partnership between the public and private sectors.

LINK

 

Edited by DinarThug
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Mr. Sadr leaves Iraq for Iran


Date: Edit: 2019/11/2 23:50 

 

Mr. Sadr leaves Iraq for Iran


BAGHDAD: The leader of the Sadrist movement, Muqtada al-Sadr, left Iraq for Iran after arriving in Najaf on Tuesday, a political source said.

"Mr. Muqtada al-Sadr left via Najaf airport on Saturday afternoon for Iran (without giving further details," the source said.
Mr. Moqtada al-Sadr arrived in Najaf on 29 October.

The leader of the Sadrist movement joined the demonstrators in the province of Najaf, shortly after returning from a visit to Iran.

Iranian media sources revealed on Saturday that Muqtada al-Sadr returned to the Iranian city of Qom after leaving last week and heading to Najaf.

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7 hours ago, DinarThug said:

Mr. Sadr leaves Iraq for Iran


Date: Edit: 2019/11/2 23:50 

 

Mr. Sadr leaves Iraq for Iran


BAGHDAD: The leader of the Sadrist movement, Muqtada al-Sadr, left Iraq for Iran after arriving in Najaf on Tuesday, a political source said.

"Mr. Muqtada al-Sadr left via Najaf airport on Saturday afternoon for Iran (without giving further details," the source said.
Mr. Moqtada al-Sadr arrived in Najaf on 29 October.

The leader of the Sadrist movement joined the demonstrators in the province of Najaf, shortly after returning from a visit to Iran.

Iranian media sources revealed on Saturday that Muqtada al-Sadr returned to the Iranian city of Qom after leaving last week and heading to Najaf.

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Wish he would keep his toothless butt there in Iran where he belongs!

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17 hours ago, DinarThug said:

Munther Abdul Qader Al-Sheikhli Talab Governor of the Central Bank of Iraq 


from the CBI SITE : 
##############

 

 

Central Bank of Iraq

 

Head Office:  P.O. BOX 64 Al-Rasheed Street, Baghdad, Iraq
Telephone:  +964 1 816 5171 to 4 Line
Website: http://www.cbi.iq
E-Mail: cbi@cbi.iq , cbi@cbiraq.org
Status: State Central Bank : Government Bank

Ownership: Wholly – Owned by the State Republic of Iraq


 

GOVERNING BODIES & EXECUTIVE BOARD
Acting Governor, Head of the Board Directors
» H.E Mr. Ali Muhsin Ismail
 
THE MEMBERS OF THE BOARD

 

Member of the Board
» Dr. Mundher Abdul Qader Alsheikli
 
Member of the Board
» Mr. Waleed Eidy Abdulnabi
 
Member of the Board
» Dr. Modher Mohamed Saleh
 
Member of the Board
» Dr. Ahmed Ibraihi Ali
 
Member of the Board
» Dr. Muafaq Abdulhussein Alshuheeb
 
Member of the Board
» Dr. Majid M.H.Khaleel Alsoori
 
Member of the Board
» Dr. Nawar Dham Matar Al-Zubaidi
 
ACTING ADVISOR
Acting Advisor
» Mr. Waleed Eidy Abdulnabi

 

Edited by DinarThug
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The Central Bank Forbids Dealing With The Tender And Light Banks To Be Covered By International Sanctions


%D8%A7%D9%84%D8%A8%D9%86%D9%83-%D8%A7%D9

3rd November, 2019

 

The Central Bank of Iraq, from all licensed banks and non-bank financial institutions not to deal with two banks and a remittance company to be covered by international sanctions.

The bank said in a statement received (independent) a copy of it on Sunday, that "given the names of financial institutions on the list of international sanctions, it was decided to prevent dealing with these institutions in the US dollar currency with the permissibility of dealing with other currencies and until further notice."

He added that "financial institutions that have been included in the list of international sanctions included the Islamic Bank of the tender" former country "and Noor Islamic Bank of Iraq and the Khalidi Exchange Company located in the province of Erbil," note that the latter is not authorized by the Central Bank of Iraq.

Experts have considered that "some private banks have turned into a place of extortion and depletion of hard currency in the auction of currency," surprised by the "lack of real policies for the work of these banks to achieve the maximum benefit of banking work in construction, investment and reconstruction, as is the case in most countries of the world."

 

##################

 

https://cbi.iq/news/view/1333

Prohibit dealing with some financial institutions in US dollars

 

xH7uYhJ64PU42ywzw6pmPKGcM0l1PPmVQnK1QW_K

 

3rd November, 2019



To / all licensed banks
                       All non-bank financial institutions ( prohibited dealings )

[ Issue: 436/3/9 Date: 2019/10/31]
 
Reference to the powers granted to this bank under its law No. (56) of 2004 (as amended) and in view of the names of financial institutions below on the list of international sanctions.
 
It was decided to prohibit dealing with these institutions in the US dollar currency with the permissibility of dealing with other currencies until further notice.
 
financial institutions:
- Al-Ataa Islamic Bank (formerly Al-Bilad)
Noor Islamic Bank of Iraq
- Khalidi Exchange Company located in Erbil Governorate (not authorized by this bank)
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Senator from Trump: Abdul Mahdi is our friend and enjoys the trust of Kurds and Sunnis

 

%D8%A7%D9%84%D9%83%D9%88%D9%86%D8%BA%D8%B1%D8%B3-696x435.jpg

 

3rd November, 2019

 

US Senate Armed Services Committee member Lindsey Graham said Prime Minister Adel Abdul-Mahdi had the support of Sunnis and Kurds, calling him "a friend."

"Abdul Mahdi is a friend and has confidence in the Kurds and Sunnis, but he has to make his government more acceptable among the youth," Graham told Newsweek magazine.

"Young people, whether in Iraq or Lebanon, are tired of rampant corruption," Graham said. "Young people want their countries to offer them hope and better services."

In a related context, the magazine quoted a senior State Department official as saying, "The Iraqi Prime Minister and his team represent a good government and perhaps better than we had hoped."

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12 hours ago, DinarThug said:

Mr. Sadr leaves Iraq for Iran

 

4 hours ago, WheresmyRV? said:

Wish he would keep his toothless butt there in Iran where he belongs!


Wait - Are U Saying That His Butt Needs Falsies ? :blink:

 

 


Typical Fake @$$ Shiite ...

 

:D  :D  :D 

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From Delta ...

 

 

 

FOR WARKA ACCOUNT HOLDERS VERY GOOD NEWS THIS LETTER WAS FROM CBI AND SIGN BY ALAQ STATING THAT WARKA BANK IS BACK ALSO A COPY WAS SENT TO ISX!!! 

000074medium_gif

 

  
إلى / الوزارات والجهات غير مرتبطة بوزارة كافة المحافظات ومجالس المحافظات كافة م / مصرف الوركاء للاستثمار والتمويل

استناداً الى قرار مجلس إدارة هذا البنك رقم (717١) لسنة 273815 نود اعلامكم باستئناف مصرف الوركاء للاستثمار والتمويل ممارسة نشاطه وتقديم الخدمات المصرفية المتمثلة بإصدار خطابات الضمان والاعتمادات المستندية لغرض العمل مع المصرف من خلال هذه النشاطات وقبول خطابات الضمان الصادرة من قبله.

 

To / ministries and entities not linked to the Ministry of all governorates and all provincial councils m / Warka Bank for Investment and Finance

 

According to the decision of the Board of Directors of this bank No. (7171) for the year 2019, we would like to inform you that Warka Bank for Investment and Finance has resumed its activities and provided banking services such as issuing letters of guarantee and letters of credit for the purpose of working with the bank through these activities and accepting letters of guarantee issued by it.

 

https://static.mubasher.info/File.Mix_Announcement_File/3042C234-A951-4AE0-9F68-BE9BD7FB5127.pdf

 

DELTA

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Warka Bank for Investment and Finance

 

 
The par value is    1.00IQD

 
Trading Currency Iraqi Dinar

 

Company Statistics

 

Current Total Shares    105,072,250

 

Sharecapital:  105,072,250.00

https://www.mubasher.info/markets/ISX/stocks/BWAI

DELTA

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Exchange rate stability

 

Sunday 03 November 2019

 

Free Membership
 

One of the most important tools that contributed to the stability of the exchange rate of the dinar against the US dollar in the parallel exchange market, is the adoption of a method of sale adopts the implementation of pre-sale in the auction sale of the dollar at the Central Bank of Iraq, where the procedures are met to meet the requests of banks participating in the auction a day ago within days Official working hours or before the weekend and other public holidays, to ensure the financing of foreign trade and cash sale in the following days, and then block the speculators in the parallel market.


This method has been adopted since May 30, 2017, the day when the exchange rate in the parallel market witnessed a decline close to the official selling price, and then this price continued to hold with a simple profit margin in the parallel market despite the relative fluctuations during some exceptional days. In which some speculators tried in vain to exploit the events and data witnessed in the country in order to reap profits. 

This approach has been very successful in achieving monetary stability that establishes the stability of the exchange rate in the parallel market, paving the way for an attractive environment for foreign investment, and ensuring the attraction of foreign capital, which is usually looking for monetary stability in investment environments, in order to develop economic feasibility studies that can be engaged in The probability of financial calculations of the project away from the fluctuations of the exchange rate is not calculated due to the data that may be experienced in the investment environment.

Therefore, the stability of the exchange rate in the parallel market these days in which our country is witnessing peaceful demonstrations withdrew its repercussions on the movement of the market and the nature of prices here or there due to the behavior of opportunists and parasites in the market of goods and services, and is clearly a clear indication of the success of monetary policy in the face of data in such Circumstances. This sends positive messages to the foreign investor about the safe monetary environment and the possibility of establishing feasibility studies for projects based on a fixed exchange rate that is only affected by a narrow range of speculation depending on the location of the data and the time of the event.

Hence, the arrangements made for preparing for an attractive environment for foreign investment, following the Kuwait Conference for the Reconstruction of Iraq held early last year, and the bilateral agreements concluded by the Iraqi governments with many countries and companies are still in their timing, and that the possible changes in the political scene will not be It has an impact on the investment environment, which is supposed to be attractive due to monetary and security stability and the development in the banking sector and the legal environment, after it remained a promising environment for sixteen years awaiting the influx of foreign capital.  

LINK

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18 hours ago, DinarThug said:

SM: The economic process has fallen where there is no active public sector or an active and developed private sector


by Ali EjamEconomics

 

3/11 

 

Baghdad:

 

 

The expert in economic affairs d. Salam Semsem, The problem of unemployment and high poverty is a natural product of the failure of the economic process on the one hand and the policy of the distribution of jobs followed in the country.

 

%D8%B3%D9%84%D8%A7%D9%85-%D8%B3%D9%85%D9


"The issue of economic reform is not linked to changing some ministers and bringing others as many claim, but the issue is to restore the value system of the economy in Iraq," she said.

"When the constitution announced that we are in the process of transitioning to a free market system, this will not happen in reality, but the state's control has continued. Public-private partnership in this case fell the economic process as a whole and there is no effective public sector and lead the cycle properly and in return we have a private sector active and developed, which exacerbated the problem of the economic process.

She also called for a reformulation of the economic process of decision-makers and economic centers in the country in line with the market economy and effective partnership between the public and private sectors.

LINK

 

 

Exactly....The issue of economic reform is not linked to changing some ministers and bringing others as many claim, but the issue is to restore the value system of the economy in Iraq.........

 

This spells out the value of the currency!

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32 minutes ago, DinarThug said:

Exchange rate stability

 

Sunday 03 November 2019

 

Free Membership
 

One of the most important tools that contributed to the stability of the exchange rate of the dinar against the US dollar in the parallel exchange market, is the adoption of a method of sale adopts the implementation of pre-sale in the auction sale of the dollar at the Central Bank of Iraq, where the procedures are met to meet the requests of banks participating in the auction a day ago within days Official working hours or before the weekend and other public holidays, to ensure the financing of foreign trade and cash sale in the following days, and then block the speculators in the parallel market.


This method has been adopted since May 30, 2017, the day when the exchange rate in the parallel market witnessed a decline close to the official selling price, and then this price continued to hold with a simple profit margin in the parallel market despite the relative fluctuations during some exceptional days. In which some speculators tried in vain to exploit the events and data witnessed in the country in order to reap profits. 

This approach has been very successful in achieving monetary stability that establishes the stability of the exchange rate in the parallel market, paving the way for an attractive environment for foreign investment, and ensuring the attraction of foreign capital, which is usually looking for monetary stability in investment environments, in order to develop economic feasibility studies that can be engaged in The probability of financial calculations of the project away from the fluctuations of the exchange rate is not calculated due to the data that may be experienced in the investment environment.

Therefore, the stability of the exchange rate in the parallel market these days in which our country is witnessing peaceful demonstrations withdrew its repercussions on the movement of the market and the nature of prices here or there due to the behavior of opportunists and parasites in the market of goods and services, and is clearly a clear indication of the success of monetary policy in the face of data in such Circumstances. This sends positive messages to the foreign investor about the safe monetary environment and the possibility of establishing feasibility studies for projects based on a fixed exchange rate that is only affected by a narrow range of speculation depending on the location of the data and the time of the event.

Hence, the arrangements made for preparing for an attractive environment for foreign investment, following the Kuwait Conference for the Reconstruction of Iraq held early last year, and the bilateral agreements concluded by the Iraqi governments with many countries and companies are still in their timing, and that the possible changes in the political scene will not be It has an impact on the investment environment, which is supposed to be attractive due to monetary and security stability and the development in the banking sector and the legal environment, after it remained a promising environment for sixteen years awaiting the influx of foreign capital.  

LINK

Excellent article thanks thug! 

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2 hours ago, DinarThug said:

From Delta ...

 

 

 

FOR WARKA ACCOUNT HOLDERS VERY GOOD NEWS THIS LETTER WAS FROM CBI AND SIGN BY ALAQ STATING THAT WARKA BANK IS BACK ALSO A COPY WAS SENT TO ISX!!! 

000074medium_gif

 

  
إلى / الوزارات والجهات غير مرتبطة بوزارة كافة المحافظات ومجالس المحافظات كافة م / مصرف الوركاء للاستثمار والتمويل

استناداً الى قرار مجلس إدارة هذا البنك رقم (717١) لسنة 273815 نود اعلامكم باستئناف مصرف الوركاء للاستثمار والتمويل ممارسة نشاطه وتقديم الخدمات المصرفية المتمثلة بإصدار خطابات الضمان والاعتمادات المستندية لغرض العمل مع المصرف من خلال هذه النشاطات وقبول خطابات الضمان الصادرة من قبله.

 

To / ministries and entities not linked to the Ministry of all governorates and all provincial councils m / Warka Bank for Investment and Finance

 

According to the decision of the Board of Directors of this bank No. (7171) for the year 2019, we would like to inform you that Warka Bank for Investment and Finance has resumed its activities and provided banking services such as issuing letters of guarantee and letters of credit for the purpose of working with the bank through these activities and accepting letters of guarantee issued by it.

 

https://static.mubasher.info/File.Mix_Announcement_File/3042C234-A951-4AE0-9F68-BE9BD7FB5127.pdf

 

DELTA

Yep but you can’t transfer money from bank to bank...don’t get to excited.

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22 hours ago, DinarThug said:

if it's going to go up in value it'll go up gradually based on pressure/inflation created as a result of significant investment and a private sector.

 

Kap never walk his own theory....

He said the exchange rate of dinar will increase gradually from 1190:1 to 1:1 over a certain period of time ( 6 months, 1 yr or even 2 yrs).

 

😎 any exchange rate movement from 1190:1 to 1:1, no matter how 'gradual' they are,  no matter which way you are looking at it ~ they are going to be huge, massive & enormous.

And I think Kap needs to understand, the relationship between exchange rate and economic development....


My main problem with his theory is price stability. The very mainstay of CBI policy and existence (not to mention IMF policy as well).

 

~ How do you maintain price stability if the exchange rate keeps changing on a daily or weekly basis? 

 

~ then there is domestic borrowings. If today (@exchange rate of 1190), a small trader borrows 5 million dinar (abt. 5000 USD) for a period of 12 months.....how much will he be paying back monthly and how much will he be paying back eventually, 5 million dinar or 5,000 dinar? 

 

~ How often will every government Dept and companies in Iraq, will have to adjust their employees salaries (as the exchange rate keeps changing and increasing)?

 

~ traders changing their prices everyday day? every week?

 

And jumping onto the bigger issues ~ how do they plan and manage the cost of reconstruction?

~ And how do they purchase their raw materials (when exchange rate is rising)? Do they purchase them now (and pay with more IQDs), or hold it until later (pay with less IQDs).

~ What if every contractor decides to hold until later (until when the exchange rate reach 1:1)? What  happens to their reconstruction plan?

 

~ what if, even the govt decides to hold, as it will more viable to do so economically? Will their economy still be buzzing?

What if everybody then decided to keep their money and not spend them now?

And then...of course, the currency speculators. What do you think they will do when they see the exchange rate of IQD keep rising and rising on forex?

 

For me, no country will allow these kind of exchange rate uncertainties, hovering over their economies ~ there will be financial chaos.

 

Iraq and IQD is not yet in open market and based on that point alone, we know that the value of IQD was never at equilibrium/true value, so........to avoid financial chaos (in open market), CBI/Iraq need to price their dinar accordingly and as close to market equilibrium as possible and keep it STABLE from then on (allowing appreciations or depreciations within certain range, just like any other countries in the world).

 

We are currently waiting for Iraq to re-price their currency (IQD) before taking the next big step to move into open market. And I sincerely hope, 1190 is not their starting point.

 

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36 minutes ago, zul said:

 

Kap never walk his own theory....

He said the exchange rate of dinar will increase gradually from 1190:1 to 1:1 over a certain period of time ( 6 months, 1 yr or even 2 yrs).

 

😎 any exchange rate movement from 1190:1 to 1:1, no matter how 'gradual' they are,  no matter which way you are looking at it ~ they are going to be huge, massive & enormous.

And I think Kap needs to understand, the relationship between exchange rate and economic development....


My main problem with his theory is price stability. The very mainstay of CBI policy and existence (not to mention IMF policy as well).

 

~ How do you maintain price stability if the exchange rate keeps changing on a daily or weekly basis? 

 

~ then there is domestic borrowings. If today (@exchange rate of 1190), a small trader borrows 5 million dinar (abt. 5000 USD) for a period of 12 months.....how much will he be paying back monthly and how much will he be paying back eventually, 5 million dinar or 5,000 dinar? 

 

~ How often will every government Dept and companies in Iraq, will have to adjust their employees salaries (as the exchange rate keeps changing and increasing)?

 

~ traders changing their prices everyday day? every week?

 

And jumping onto the bigger issues ~ how do they plan and manage the cost of reconstruction?

~ And how do they purchase their raw materials (when exchange rate is rising)? Do they purchase them now (and pay with more IQDs), or hold it until later (pay with less IQDs).

~ What if every contractor decides to hold until later (until when the exchange rate reach 1:1)? What  happens to their reconstruction plan?

 

~ what if, even the govt decides to hold, as it will more viable to do so economically? Will their economy still be buzzing?

What if everybody then decided to keep their money and not spend them now?

And then...of course, the currency speculators. What do you think they will do when they see the exchange rate of IQD keep rising and rising on forex?

 

For me, no country will allow these kind of exchange rate uncertainties, hovering over their economies ~ there will be financial chaos.

 

Iraq and IQD is not yet in open market and based on that point alone, we know that the value of IQD was never at equilibrium/true value, so........to avoid financial chaos (in open market), CBI/Iraq need to price their dinar accordingly and as close to market equilibrium as possible and keep it STABLE from then on (allowing appreciations or depreciations within certain range, just like any other countries in the world).

 

We are currently waiting for Iraq to re-price their currency (IQD) before taking the next big step to move into open market. And I sincerely hope, 1190 is not their starting point.

 

Excellent writeup, thanks Zul :twothumbs:

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1 hour ago, WheresmyRV? said:

Excellent writeup, thanks Zul :twothumbs:

 

17 minutes ago, Gypsygirl11 said:

Zul is one of the brains in the dinar family....always enjoy his posts.

 

 

 

Tq guys.....both of u are just too kind. I'm glad u both like it.

 

Tq again...:rodeo:

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Prime Minister's Office: Delayed discussion of the 2020 budget due to include the demands of the demonstrators

 

%D8%A7%D9%84%D9%85%D9%83%D8%AA%D8%A8-%D8%A7%D9%84%D8%A7%D8%B9%D9%84%D8%A7%D9%85%D9%8A1-696x522.jpg

 

3rd November, 2019

 

The media office of the Prime Minister attributed on Sunday, the delay in discussing the 2020 budget in the Council to include paragraphs concerning the demands of the demonstrators and the preparation of financial doors.

"The Cabinet, in cooperation with the concerned authorities in the General Secretariat and the Ministry of Finance, is working to include the demands of the demonstrators with a financial aspect to be included in the 2020 budget," Information Office spokesman William Warda said.

He added that "the process of listing the demands behind the delayed discussion in the Council of Ministers and vote on them for the purpose of sending them to the House of Representatives to vote on them."

He explained that "most of the demands in the reform packages that need a parliamentary vote have ensured the draft budget."

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"Westerners" exercise freedom of appearance in the "Davos desert" for the first time!

 
Sunday 03 November 2019
 
 

Special: Translation - Lamis El Sayed:

 

 

For the first time, foreign women are attending the Davos Desert Investment Forum, held in Saudi Arabia, without having to wear a loose black cloak, a move that until recently was not available to women in the highly conservative country.

Large groups of businesswomen and policymakers could have worn colored jackets during the Saudi forum under the auspices of the young crown prince, Mohammed bin Salman, who is making bold and unprecedented reforms within the kingdom's society for the first time.

"I noticed this year that many females don't wear the abaya," said Claire Cheng, who was a Chinese green energy technology company.

“Abaya” has become non-mandatory ..

 

"Most of them, like me, wear an open and colorful cloak, open freely, like this," she told AFP, referring to her long purple dress decorated with tiny luminous pearls. She said she felt more comfortable visiting Riyadh, while the abaya was no longer mandatory, unlike previous versions of the Future Investment Initiative, also known as the Davos Desert.

"In the past, when a waiter sees you wearing this kind of cloak, in color and without cover, it kindly reminds you that it is necessary to wear the cloak properly in public. But this year they have not."

Cheng was among the hordes of business visitors to the event, as the kingdom seeks to improve its reputation after the murder of the country's critical journalist, Jamal Khashoggi, in early October 2018, at its consulate in Istanbul, a murder. Aroused world public opinion, last year.

Under the leadership of the de facto ruler, bin Salman, Saudi Arabia embarked on a series of historic changes, allowing women to drive cars, opening up the opportunity to turn tourism into the kingdom's primary source of income for oil, and allowing concerts and sporting events. The end of the abaya for foreign women came late last month; part of a decree of the Kingdom on the issuance of tourist visas.

However, dress restrictions still apply to Saudi women.

Respect habits ..

The controversial “guardianship” system, which ensures that Saudi women are supervised by a male relative, remains in force.

The regime's refusal to jail ended for critics demanding faster reform of the system, which is not keeping pace with the kingdom's modernization. Around a dozen women were arrested just weeks before the kingdom lifted the ban on female motorists last year. They accused the interrogators of subjecting them to electric shocks, whipping and sexual harassment.

Zahara Malik, the British chief executive of a new investment company, welcomed the changes made so far, saying women were already a “very influential force” in the region.

 

"I've seen women still stick to the cloak, and some don't, you just have to respect the rules of where you should wear them," said Malik, who wore a modern gray cloak designed by a friendly Emirati designer.

With the same enthusiasm, other foreign women at the forum, held in the halls of the Ritz-Carlton, expressed optimism about the changes taking place in the Kingdom.

“You can feel the change, and you can see it everywhere,” said Joslyn Corteziong, the US chief technology officer. “This is a very big movement and I think it's just the beginning of the movement that needs to happen.”

Lawrence D'Aziano, a French economist who wore a black dress and a white shirt in the style of businesswomen's fashion, said she decided to come to Saudi Arabia, “after it became available to wear Western clothes”.

"I am completely western-style and I have never had any problem at all," she said, adding that she chose neutral colors and a modest fashion style. "I respect the customs of the country, but I wear it like this; when I am in Paris there is no doubt that I will wear different clothes here."

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Prime Minister Adel Abdul Mahdi holds protesters responsible for postponing the Baghdad International Fair and completing the 2020 budget


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3rd November, 2019

 

Prime Minister Adel Abdul Mahdi held protesters in Baghdad and other provinces responsible for postponing the Baghdad International Fair and delaying the completion of the 2020 budget

" We postponed the Baghdad International Fair for a period of time because of the situation, and delayed the completion of the submission of the 2020 budget," Abdul-Mahdi said in a press release issued a month after the October demonstrations, and was seen by the "Economy News

He added, "Many countries are concerned about the situation of the country, as well as the owners of development projects nationally and externally, not to mention the internal interests that have been stalled due to the events, which have suffered and suffered great losses, which requires a rapid return to normal functioning

He stressed that "the threat of oil interests and cut off some roads to Iraq's ports cause huge losses exceeding billions, and delays the arrival of goods, and this and other raises the prices paid by all citizens and the poor, especially disrupting the provision of jobs and the growth of the economy and put patients at risk because of the closure of medical clinics and obstruct the movement of ambulances

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