Morning News Comments 02/11/2015
Baghdad and Erbil sign a memorandum of understanding to pursue a parliamentary oil agreements
[tlm724] Baghdad and Erbil sign a memorandum of understanding to pursue a parliamentary oil agreements Erbil
[tlm724] and the enactment of the necessary laws,
[tlm724] memo as "important" to solve "problems," the relationship between the two parties.
[tlm724] signed, a memorandum of common understanding, Monday, *hallelujah*
[tlm724] points include in order to strengthen the supervisory role and joint action between the parties and the enactment of the necessary laws.
[tlm724] "it will be the impetus for greater convergence between the Iraqi and Kurdish parties in order to reach a final solution regarding the outstanding problems between the two parties."
[tlm724] finally ! whew that was a long wait !
Free economic window
[tlm724] Iraqis await new economic initiative to be launched by Prime Minister Dr. Haider al-Abadi next week,
[tlm724] I like economic initiative
[tlm724] which will focus its provisions to stimulate the economy by supporting the private sector and reducing regulations cumbersome and bureaucratic as well as the privatization of some state-owned companies such as encouraging domestic and foreign investment.
[tlm724] well there you have it, the plan !
[tlm724] their studies and suggestions to feed them in the creation of an economic market where the state to adopt a launch balance project between the public sector and the private sector
[tlm724] that is what Abadi will probably announce
[tlm724] It is our duty to interact with projects that you want to pack or the Iraqi government intends to legislated to get ready laws regulating the work of the private sector and the extent of The Importance of Being these laws have been written based on the consultation of stakeholders in this regard.
[tlm724] the Iraqi government intends to legislated to get ready laws
[tlm724] Laws are constitutions can be a real protector of all economic activities which that will prevent manipulators of public money
[tlm724] that is exactly what we have been saying, they must have laws to protect their wealth !
Source: Abadi past its actions reform and rejects reconciliation of blood on his hands with the blood of Iraqis
[tlm724] he noted that past reform its procedures and is committed to the government program.
[tlm724] there ya go Abadi stick to your guns
[tlm724] He stressed, saying, "I will not relent in defending the rights of victims and arrest these people and bring them to spend to receive their just punishment,"
noting that "accountability and justice, and the prohibition of the Baath party in which the law of paragraph excluded from deadly terrorism and contributed to building the state after 2003 and did not commit any offense against the sons Iraqi people before they reflect the sincerity of intentions. "
[tlm724] I will not relent , that is a perfect slogan for Abadi !
[Shredd] he's so much better than Maliki
[tlm724] yes !
[tlm724] "Abadi past its actions reform and is committed to the government program and the implementation of the paragraphs, which seemed clear and evident during the past five months.
[tlm724] "The implementation of reform measures in state institutions going on in full swing, in order to move towards a state of institutions and Iraq is free of terrorism and his family enjoy the rewards,
[tlm724] love it ! full swing, no turning back now !
Work: 10 million dinars industrial loan for each registered unemployed
[tlm724] the allocation of industrial loans registered unemployed have in the department and that they have different industrial skills", adding that "those Altejesat been provided with the department It is now ready for launch
[tlm724] "value of those loans amounting to 10 million dinars for each borrower to pay over five years without interest,
[tlm724] "the loan will be earmarked for industrial projects,
[tlm724] loans for the unemployed to jump start the private industry !
Finance: the salaries of the region will be launched within days
[tlm724] Finance: the salaries of the region will be launched within days
[tlm724] KRG staff salaries for 2015 will be launched soon after the completion of overcoming technical obstacles between the center and the region.
[tlm724] "there is no problem in the rest to pay its employees salaries that the financial behavior regardless of the federal budget based on 1/12 of the previous budget exchange rate
[tlm724] exchange rate means time of disbursement
[tlm724] now that the MOU has been signed between KRG and Baghdad all should be good
Kurdish delegation led by Barzani's visit to Baghdad on Sunday
[tlm724] Barzani, president of the Kurdistan Regional Government said in a statement recently that there was a "misunderstanding" between Baghdad and Erbil on the recent agreement between the two parties, pointing out that Baghdad believes that Arbil can export more oil than the amount agreed upon between the parties quantity
[tlm724] the delegation will be headed by the President of Government of the Territory Barzani and featuring a group of ministers, to discuss the recent oil agreement and its implementation mechanism.
[tlm724] Barzani will visit Baghdad on Sunday.
[tlm724] good stuff ! Lets get it all done and a quick resolution to article 140 should be included Wink
[tlm724] ADD ON:
Economic reason to include investment paragraph insurance for foreign investor law
[tlm724] 11/02/2015 Thank you Rocky !
that "the most important paragraphs that must be entered in the investment No. / 16 / law is the local and foreign investors to insure their investment projects, which provides a guarantee necessary for investors from any potential danger may be suffered by the project investment. "
campdav asked me about the investment law and amnesty law the other day and here was my response to him:
Here are my thoughts about the laws, the investment law has to include all the clauses that will make it valid and protect both the Iraqi's and the foreign investors, not an easy task and that is why it is in the hands of the committee now.
Amnesty law is another tricky law , they can't let out REAL criminals and some of the verbiage of the law will do just that. This law walks a fine line between those who where wrongly convicted both by Maliki and Saddam and those that belong behind locked doors.
So again the wording has to be just right in order to release the innocent while protecting the citizens from the guys who are out to get them in every sense of the word !
[tlm724] [Shredd] Really good to see the addition of insurance for investors in the law. Insurance is a big part of corporate investment. Just like auto insurance, premiums are paid for coverage.
The coverage/protection for investors is from fluctuations in ROI and expenses. Fluctuations in ROI (interest proceeds on principal invested) could mean defaulted or deferred payments, but not directly related to interest rate fluctuations.
So long as investment vehicles are structured via underwriting wisely, assets versus liabilities will be balanced.
Nonetheless, this protection of insurance gives peace of mind to a risky investment. Anything with "Iraq" on it will be deemed risky for a while but even though risky investments get a bad rap, there is a need and interest for risky investments. High risk has the potential for high reward/return.