Walkingstick » August 18th, 2015, 3:32 pm Here come Iraqi bonds
MYLES UDLAND AND JONATHAN MARINO Aug. 18, 2015, 1:58 PM 65
A monkey chews on a 50 Iraqi dinar banknote at Baghdad's animal market.
Iraq is getting ready to sell $6 billion in debt.
According to a report from Bloomberg on Tuesday, Iraq is preparing to offer bonds at some point this year in what would be its first debt sale in nearly 10 years.
Bloomberg, citing people familiar with the program, said Iraq plans to meet with investors as early as September.
According to Bloomberg, the director general of Iraq's central bank, Muneer Mohammed Omran, said Citigroup, Deutsche Bank, and JPMorgan will handle the offering.
JPMorgan, Citigroup, and Deutsche Bank all declined to comment.
Iraq, which is a major oil producer, has been dealing with a ballooning budget deficit due to the decline in oil prices.
Iraq has still been pumping oil, however, despite the massive drop in prices, and according to the International Energy Agency, Iraq's production in July hit a record high.
In its latest report, the IEA wrote that, "Muscular pumping from OPEC's top producers Saudi Arabia and Iraq has boosted the group's flows to 31.8 [million barrels per day] — the highest in three years."
On Tuesday, the price of Brent crude oil, the international benchmark, was little change near $48.70 a barrel, a roughly 6-year low. According The Wall Street Journal, Iraq would need Brent prices to average $100.60 to balance its 2015 budget.
Read more: http://www.businessinsider.com/iraq-issuing-6-billion-in-debt-2015-8#ixzz3jCFvSObo
Walkingstick » August 18th, 2015, Iraq is preparing to issue international bonds Qamnha six billion dollars and waiting for international banks
Economy and tenders Since 18/08/2015 18:41 pm (Baghdad time)
Detect global site specializing economic news, Tuesday, for use of Iraq universal to banks to issue bonds international worth six billion dollars, returned it the first time carried out by Iraq such a move a decade ago to reduce the worsening fiscal deficit suffered by the size, while the view of analyst British economist, that Iraqi oil production registered record levels, likely enable him to overcome the financial crisis if what happened another rise in oil prices.
The transfer site Bzenz Bloomberg Bloomberg Business US economic news, an official at the Central Bank of Iraq, "Iraq used the universal banks of the issuance of international bonds worth six billion dollars for the first time in a decade in order to reduce the worsening fiscal deficit suffered by size.
The director of the investment department at the Central Bank of Iraq, Munir Mohammed Imran, in an interview with Bloomberg Bzenz Bloomberg Business US economic news, followed up (range Press), he said that "the government has identified both the Citigroup Foundation Citigroup Inc banking services, and the Bank of Deutsche Bank AG German, with JP Morgan JP Morgan US banking services, for use to issue international bonds worth six billion dollars, "noting that" the bond program will be in the form of payments, will go first is for sale during the current year 2015 ".
According to the site, that "Iraq, which includes the largest oil reserves in the world's fifth, seeks to strengthen the financial abilities amid difficult challenges represented by the war department in the country against al Daash, in conjunction with the sharp drop in world oil prices," expected to "inform the fiscal deficit in Iraq ratio During 2015, about 10 percent of gross domestic product because of the collapse of oil prices with high military effort expenses associated with the deterioration of the security situation in the country. "
Meanwhile, a British economic analyst, Anthony Saimund, from Aberdeen financial institution, according to the site by Bloomberg, said that "Iraq is now going through some economic difficulties caused by the war with al Daash," adding, "But oil production registered a high record levels, has undergone a significant change on the If these conditions are another rise in oil prices it has occurred. "
The Finance Minister Hoshyar Zebari announced that defeated Iraq issue five billion dollars worth of bonds, to cover the budget deficit caused by low oil prices and the war with Daash ".anthy 29 / d 25 Link
Walkingstick » August 18th, 2015, 3:04 pm Legal: the death penalty, is accused of the fall of Mosul
By mostafa emed eight nineteen 18.8.2015 Brother - Baghdad
Legal expert said that the figures and names as defendants contained in the report of the Special Parliamentary Committee to investigate the fall of the city of Mosul, however Daash 2014 "could face the death penalty."
He said Tariq Harb "If condemned the civil courts or some military actions contained in the report of the Committee have her sentence to death up, whether Bovq provisions of the Civil Penal Code or military or internal security forces."
He explained that "the judiciary is now the fall of Mosul just report news and investigative proceedings in the case will start from scratch."
He pointed out that the war "suspects in the fall of Mosul Commission report would be brought to the investigation when the judiciary according to their status, the civilians they would be brought to civilian courts and military to military justice in accordance with the Military Penal Code."
The House of Representatives has approved on Wednesday a majority on the report of the investigative committee the fall of Mosul, which included former Prime Minister Nuri al-Maliki and civilian officials and senior military leaders name as defendants of negligence or complicity the events of June and transmit the report to the judiciary.
As defense minister Khaled al-Obeidi said today that his ministry will refer all those named in the report of the Committee of military commanders to Iraqi military justice, "stressing that the ministry" will aim at the achievement of justice for the homeland, and the account to dereliction of military duty, or cowardice and compromised and left arms , withdrawal or unjustified, and other descriptions, which can be held accountable by law. "
The most prominent of the named in the report of the Commission as defendants and failing the fall of Mosul, former Prime Minister Nuri al-Maliki and Secretary of Defense agency Saadoun al-Dulaimi, and the governor of Nineveh article Liberation of Iraq, and the first team Bababiker Zebari, Chief of Army Staff (shops for retirement), and the team's first corner Abboud Qanbar, commander of joint operations (Associate Army Chief of Staff for Operations), and the team's first corner Ali Ghaidan former commander of land forces, and Lt. Gen. Mahdi al-Gharawi, commander of Nineveh operations and former military commanders others.
In the first reaction from al-Maliki played down the importance of the findings of the report and accused him of events, and that "no value for the result reached by the Commission for the control of the political differences," he said.
Walkingstick » August 18th, 2015, 3:08 pm
250 Iraqi personality banned from traveling on corruption charges
Iraqi government prevented the 250 figure from traveling outside the country, as revealed by documents were distributed to local airports and border crossings, and which prevents leaving the country until the completion of investigations of corruption.
According to the report published by the agency "Roudao" Kurdish, the most prominent of prohibited names of travel, Electricity Minister Qassim al-Fahdawi, the former governor of Baghdad, Hussein Mohamed Tahan, and the governor of Nineveh former Duraid Mohammed Kashmoula, the head of the Council of Salahuddin province, Rashid Ahmed al-Jubouri, the former head of the province of Diwaniyah Council Jubair Jubouri, Chairman of the Board and the current governor of Diwaniya, Khuzai, as well as many members of provincial councils and managers.
It is noteworthy that Prime Minister Haider al-Abadi, recently launched "package of reforms" to combat corruption in the ministries and government departments.
The moves after witnessing several areas notably Baghdad, massive demonstrations in the past few weeks, during which protesters demanded better services, especially water and electricity, and the fight against corruption and to hold negligent.
Among the most prominent government reforms the abolition of the posts of Vice President and the Prime Minister and "partisan and sectarian quotas" in senior positions.
Abadi warned earlier that the process of reform and the fight against corruption "will not be easy," noting that those affected will work hard "to sabotage every step."
ShastaConnect: US News & World Report - Iraqi selling intl bonds and redominating currency
"Iraq plans to issues bonds worth $7 billion — $5 billion in international bonds and $2 billion for domestic banks — to narrow the deficit. It introduced initiatives to impose new excise and consumption taxes. It also secured a $1.7 billion in loans from the World Bank and a $833 million loan with the International Monetary Fund.
Iraq also revived a long-delayed plan to redenominate the Iraqi dinar by knocking three zeroes off the nominal value of its banknotes, said Ihsan Shamran al-Yassiri, the head of Iraq Central Bank Issuing and Vaults Department"
Looks to me like this kinda article is "making a marketing" or getting the general public used to the idea of a RV on the dinar ... can't sell those intl bonds with a wallpaper currency.
Zzzzzzzz: Iraq Report @IraqReport 2m2 minutes ago Here come Iraqi bonds http://www.snsanalytics.com/6f8gy5
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OUR INFO IS THAT MALIKI IS IN COUNTRY....IRAN DIDN'T WANT HIM....HAVE NOT CONFIRMED BECAUSE IT DOESN'T MATTER
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