MadDScout says():The reduction of the cost of the dollar, and at a time when the dollar is at a 9 month high. Today is 1190 or 130,000 per $100
1bobby says():I agree. This also says that the Private Sector will begin to absorb some of these expenditures that the GOI will no longer supply. Another words, let the private sector supply some of these services
1bobby says():expenditures as in services
MadDScout says():So this is going to reduce the deficit and help their overall worth
MadDScout says to 1bobby():Yes private sector is going to help with this reduction
SRW says to MadDScout():The article that Rcookie brought in about terrorism increased the debt of Iraq's GDP by 17 percent is huge. What is more freightening is terrorism has increased by 650 percent globally is terrible. What can Iraq do to solve this debt problem about terrorism?
1bobby says to SRW():The liberation of Mosul will go a long way in helping. The daily expenditures on the liberations are unreal!
MadDScout says to SRW():A step toward that would be the finalizing of Mosul
1bobby says to SRW():Now once Mosul is liberated will that rid Iraq of terrorism? No
1bobby says to SRW():But that will be incumbent of the local security forces to maintain order in villages and provinces
MadDScout says to SRW():This right now, including the International help they are getting is about the only course for the moment
MadDScout says to SRW():I am sure heads somewhere are sitting in a room trying to shorten this process
MadDScout says to 1bobby():They have already started creating new police forces to do the ongoing physical security
SRW says to MadDScout():That article is a reminder to all of us that terrorism is a major factor for all the globe. Thankyou..
MadDScout says to SRW():That is very true
1bobby says to SRW():Totally agree
MadDScout says to SRW():It was with us when Kain hit his brother with a rock
ABNewsflash says to MadDScout():Amen
MadDScout says to SRW():But there are many things being done to mitigate this and takes the effort of a lot of good people to see it through
SRW says to MadDScout():Yes sir.. Thankyou..
MadDScout says to SRW():You're welcome
ABNewsflash says():Importing companies "protest" on the application of the new tariff in Basra
16/11/2016 17:48:45 There is a state of discontent and protest by importers, demanding to wait or reverse the application of this law at the present time, and that will cause higher prices of those materials in the local market.
BAGHDAD / obelisk Revealed district director of Safwan west of Basra demanded Alhsonh, Wednesday, for the direct application of the new law of customs tariff in the Safwan border port, and as pointed out that among the substances covered by the customs increase, sedans except production cars, which amounted to 25%, in addition to alcoholic beverages 100%, after the customs fees of up to 80%, he noted that there is a state of discontent and protest by importers.
He Alhsonh, "The port Safwan border began working customs tariff system, which targeted applied several types of goods and materials and different proportions," noting that "the port Safwan border has already begun the implementation of the decision of the Iraqi Council of Ministers Secretariat increase of the new customs tariff."
He continued, "The tariff included both: sedans except productive vehicles from 15% to 25%, alcoholic drinks from 80% to 100%, coolers from 20% to 25%, cigarettes of all kinds, up from 25% to 75%, TV sets from 30% to 35%, soft drinks from 20% to 60%, and all kinds of juices 20% to 25%. "
Alhsonh pointed out that there is a state of discontent and protest by importers, as demanded wait or reverse the application of this law at the present time, and that will cause higher prices of those materials in the local market.
MadDScout says():In bold lettering "New Tariff Law"
1bobby says():To be honest, I don't blame em lol What they need is a Tariff law that encompasses all of Iraq and has the same standards. But then that brings us back to stability
ABNewsflash says():why would one want the prices to go up
MadDScout says):Yea thats what part of the problem is that the tariffs are not yet evenly applied
MadDScout says():That is part of the complaint and then some feel overcharged
ABNewsflash says():well we have to pay our taxes
MadDScout says():Does anyone have anything they want to ask or comment not associated with what has been brought?
1bobby says():Cabinet moves to defence industry companies and vote on the plan of the Ministry of electricity.
2016-11-15 18:44 [In Baghdad] The Cabinet voted in regular meeting Tuesday chaired by Prime Minister Haider Abadi to unpack and transport firms to the Ministry of defence to the Ministry of industry and minerals.
Abbadi's Office said in a statement received all Iraq [where] a copy, he "took place during the voting session on the establishment of an oil company Qar after put back on the Cabinet, except the prerequisite for vehicle registration project and leaves the market in Baghdad and the provinces of Cabinet decision no ."
"As you see the message from the French President, François hollande, addressed to Prime Minister Haidar Al-Abbadi said Holland France's commitment to supporting Iraq and stand with him in his war against terror and ISIS bands tribute to Iraqi forces and their titles in the battles against terrorism and admiration and appreciation for the steps Abadi collect and unify Iraq which will serve as a model prepared for countries in the region."
And in the Council of Ministers "the border ports authority border projects by investing after the stalled projects, voice filtering to unlink and move public companies are State-owned companies [Yarmouk and Qadisiyah, Hittin and walkakaa tiller and Hammurabi] from the Ministry of defence and appended to the Ministry of industry in all of its subscribers and MO wedatha and transfer financial allocations to the Ministry of industry.
1bobby says():I love the COM meetings! In the click of a pen, Abadi just gave more discretionary powers to the Minsister of Industry.
1bobby says():This will allow the MoI to concentrate on improving the economic gains and open more investment opportunities.
MadDScout says to 1bobby():More good stuff on the ports projects
ABNewsflash says():if you build it they will come
1bobby says():The port and electricity decisions are another step forward in helping the Iraqi citizens. Imagine living on a few hours of electricity which still happens to a majority of the citizens. E Commerce also comes into play
MadDScout says to 1bobby):The ports are Iraqs lifeline to international trade
MadDScout says():Anyone not see the gears turning???
1bobby says():A quote attributed to Abadi.........Abbadi had called earlier, the provinces and ministries to open investment floodgates, as threatened as disabling "a crime like terrorism."
ABNewsflash says():with the massive undertaking we are witnessing within the MoE and countries willing to invest in that endeavour. ******************
ABNewsflash says():US efforts to re-map the investment opportunities in southern Iraq
Wednesday November 16, 2016 - 19:08
Legal adviser at the US Department of Commerce Mays Abbas Alabbosi
It confirmed the legal adviser at the US Department of Commerce Mays Alabbosi Abbas, that the ministry has started to establish workshops and meetings with representatives of investment authorities in the provinces of southern Iraq and urged the need to develop a plan, which takes into consideration the need to maintain the projects and according priority to the investment opportunities presented.
She Alabbosi in a statement to Radio tow the provinces of Basra, Maysan and Dhi Qar, Muthanna, although it seeks to build airports and hotels are modern and bridges, but it is necessary that the adoption of the plans according to specific criteria to view their projects as investment opportunities, pointing out that those standards should be the need to maintain geographical area, and that the sound will not be the plans to other plans, a reproduction province.
She explained Alabbosi The US Commerce Department is currently undertaking the formulation of assistance to the provinces of southern Iraq in general and Basra in particular, on the economic side through a review of the investment projects of the previous years and to develop effective solutions that will foreign investors to attract even plans if it came to the re-drafting of a number of laws in terms of legal and financial terms.
MadDScout says):More investment talk
ABNewsflash says():doing alot of reconstruction
MX says():All about Basra yeah!
1bobby says():The commerce departments of any country get things done as far as outside investment coming into a country
ABNewsflash says():love to hear about the US department of commerce
MadDScout says):Economic expert reveals the depreciation of the dollar before the Central Bank's actions after the dinar
Banks Evaluation: 0 Economy News/follow.
Detect Economist, Monday, about the low price of the dollar against the Iraqi dinar after the Central Bank measures in cooperation with some private banks.
Expert said in a recent press release followed news economy "that" there has been a decline, today, the exchange rate of the US dollar against the Iraqi dinar compared to yesterday by eight points.
The expert added that "this decline comes after the CBI took several actions in cooperation with some private Iraqi banks committed."
Referred to the U.S. dollar in the Iraqi market equals IQD 1290.
Mm Content link
Hits count 145 date addendum 14/11/2016-14:49 last update 16/11/2016-20:03 co
MadDScout says():Again at a time when the dollar is at a 9 month high
MadDScout says():So although we see movement relative to the dollar
1bobby says():The CBI taking action is a positive
MadDScout says():This is going in a different trend from the past
1bobby says():How many articles as of late have we seen attributed to the CBI
MadDScout says():Where the dinar rate was a reflection of the dollars movement
MadDScout says():This is movement taken as a result of ""this decline comes after the CBI took several actions in cooperation with some private Iraqi banks committed."
MadDScout says():Specific action not reaction to the dollar
MadDScout says():Thanks to ROMELLO for this article
Elane says():My mind is just trying to absorb there has been an overwhelming amount of great news coming out..
MadDScout says to Elane():Indeed
Elane says():I think at least Im shell shocked.. but my thanks for your patience with us in this
MadDScout says to Elane():You are most welcome
MadDScout says to Elane():Just say it is getting better all the time
Elane says():Please just keep doing what you are doing for us..
Elane says():Indeed it is Sir!!!!!!