Morning News Comments 08/07/2015 Iraq Gets Credit Rating
Fitch Assigns Iraq’s First Rating at ‘B-’/Stable
Fitch Ratings-London-07 August 2015: Fitch Ratings has assigned Iraq a Long-term foreign currency Issuer Default Rating (IDR) of ‘B-’ with a Stable Outlook. The agency has also assigned a Country Ceiling of ‘B-’ and a Short-term IDR of ‘B’.
[tlm724] Thank you very much emmaduke ! Outstanding find ! Here is the press release directly from Finch:
Sheikh d. Hamoudi: Investment Law pillar essential to revive the country's economy and the need to create an attractive environment for international companies sober
[tlm724] A member of the board of the Presidency of the Council of Representatives Sheikh d. Hamoudi said the Second Amendment to the Investment Law, which reached its final stages for approval in the near future, representing a key pillar of the country's recovery and support the investment sector economy, and create an attractive environment for international companies sober.
[tlm724] thank you Rocky, good stuff ! Wink
Urgent Abadi directed to postpone the work until the customs tariff to ensure the readiness of border crossing points
[tlm724] I know there was a statement on the Prime Ministers site yesterday however it would not open to be read and today his site is down.
[tlm724] it appears that although many trariffs had begun there has been a delay in full implementation
[tlm724] getting the borders ready, once again Iraq put the cart before the horse just like the CBI did with stopping the auctions
[tlm724] I am not all that convinced that this is a bad thing. We know how it will affect the people and the price of goods. Lets take it one step further and say
[tlm724] MAYBE they are making adjustments to the plan of tariffs to help the people be able to afford to pay the higher prices and increase their purchasing power
[tlm724] now I don't know that but a logical person can make that assumption based on the average income of the people knowing that they barely get by as things stand right now !
[tlm724] that is my hope anyway, we will let this play out
Abadi directed to postpone the implementation of the new customs tariff
[tlm724] Haider al-Abadi, on Thursday, the postponement of the introduction of the new customs tariff, attributing this to ensure the readiness of border crossing points to be applied away from the "corruption and double standards.
[tlm724] to postpone the introduction of the new customs tariff until ensure the readiness of all border crossings to enforce the law
[tlm724] But council in Basra, it was announced earlier on Thursday, rejected the application of the new customs tariff law being detrimental to the border crossing points, and paralyzes the movement
[tlm724] uh huh Basra again !
Urgent Supreme reference: the prime minister cancel all privileges granted to current and former officials in the State
[tlm724] supreme religious authority demanded the prime minister cancel all privileges granted to current and former officials in the state follows
[tlm724] thats heavy, he is calling to stop all the privileges of all the fat cats !
[tlm724] and he does weild a certain amount of power, not enough to make it so but he sure has influence
Sistani's representative: to Abadi to be more aggressive in the fight against corruption and calls from hampering the process of reform
[tlm724] religious authority in Karbala, Ahmad Safi, Friday, Haider al-Abadi to be more "daring and courage" to fight "financial and administrative corruption
[tlm724] invited him to "strike hard" on the "abusers" people's money
[tlm724] go get em ! He is insisting PM Abadi do the right thing !
Governor of Baghdad: that the Government should consider a realistic view of the demands of the demonstrators
[tlm724] "there are peaceful demonstrations will be launched today in Baghdad to demand the services and accounting spoilers, it is very important that the federal government takes a positive and realistic view of the legitimate demands of the demonstrators
[tlm724] the GOI better pay attention this time, it can turn ugly in a NY minute
[tlm724] that is why we are seeing the supreme religous leaders speaking out so strongly to the PM, they must prosecute the corrupt and clean house ASAP ! Give their people a better a life !
The central bank will announce the launch of 5 trillion dinars in loans to banks
[tlm724] , ready to announce the launch of five trillion dinars loans to banks, "industrial, agricultural, real estate.
[tlm724] that should give the banks a much needed boost in liquidity, keep them afloat for a bit longer
Commodity prices are high .. markets and citizens are demanding stakeholders Atodih reasons
[tlm724] Surprised at Iraqi citizens rising Iraqi market prices despite the decline in the dollar's exchange rate against the Iraqi dinar
[tlm724] that the owners of shops and traders were raising prices and excuse is rising dollar exchange rate
[tlm724] As demanded the concerned authorities to clarify the reasons for this matter urgently Mbeyin it affects all the Iraqi people
[tlm724] Iraq is pushing their luck here !