Morning News Comments 9/01/2014 with BondLady
Iraq: new government to allow the export of its oil Erbil
[tlm724] Iraq: new government to allow the export of its oil*hallelujah*
[tlm724] remember last week we discussed that the only remaining points on the HCL were to figure out where the proceeds will be deposited and how much oil was excepted from the kurds
[BondLady] more power to the provinces part of Erbril agreements and imo HCL is being finalized
[tlm724] that the new government gave the green light for the region to export its oil to be regulated by it under the terms of the new law for oil and gas *wolfwhistle*
[tlm724] that «the financial returns for the sales region and deposited in the Turkish bank
[BondLady] there it be, just awesome isn't it
[tlm724] but most likely will be spent on the salaries of the Peshmerga and fill the debt of foreign oil companies operating in the region»
[tlm724] Kurds are behind in their payments but this will get them caught up quick like a bunny
[BondLady] oil to be regulated by it under the terms of the new law for oil and gas
[BondLady] thats what its all about folks
[BondLady] pass those laws we needed to see and bam
[BondLady] still a bit to go but those things are huge
[tlm724] BondLady just awesome news !
Specialists: Ttoiralqtaa banking fundamental pillar for economic reform
[tlm724] the presence of a high-level symposium by Parliament and executive bodies, businessmen and representatives of organizations relevant economic Among the attendees MP Mehdi Alha rude and deputy secretary general of Mjas Minister for Finance and Director General of the Central Bank and an adviser in the National Investment Commission and the heads of the boards of directors and managers of Delegates for private banks.
[tlm724] you see that ? ^^^^ by Parliament, they are so pulling this together !
[rsp1] Yes !! Git 'er done!
[tlm724] propose the best solutions to achieve economic reform is required,
[tlm724] then touched on the financial situation and cash in Iraq, citing the report of the World Bank, which pointed to the weakness of the banking sector and the promise side the most prominent in the Iraqi economy,
[tlm724] stressed the need to remove the imbalance in the work of the banking sector and the cash through the restructuring of the banking sector and give special attention to the development of the private banks.
[rsp1] Which they have been working on.
[tlm724] part ft Managing Director of the Bank of the UNESCO International Adnan Chalabi, a detailed explanation of the stages of preparation of the program of the new Association and included the establishment of conferences and seminars aimed at strengthening ties in rural economic and parliamentary and government,
[tlm724] has triggered this diagnosis on imbalance banking debates the many by the departments of banks and a number of Economists led to the recommendations of the need to reconsider all the measures that hamper the role of the Iraqi Central Bank in addressing this problem with the Ministry of Finance and government departments.
[tlm724] then the Director General of the Department of credit at the central bank and Walid Idi detailed explanation about the reality of private banks in Iraq and the actions taken by the central collaboration with Aalrabotth that led to the stabilization of the exchange rate and lower inflation rates.
[tlm724] that led to the stabilization of the exchange rate
[tlm724] while co-secretary general of the Union of Arab Banks and Sam Fattouh, based in Beirut in an intervention through (Alskaaba) the price of the high activity the first of the Association and with the participation of parliamentary and high-level government which reflect the extent of interest in the banking sector and hopeful at the beginning of a new phase where the banks own role in the construction and development so as to enhance the march of Arab Banks in their desire to invest in Iraq
[tlm724] with the participation of parliamentary
[tlm724] and high-level government
[tlm724] the march of Arab Banks in their desire to invest in Iraq
[tlm724] bring it on baby !
[tlm724] Marja on the activities undertaken by the Union hoping broad participation in conferences in New York and Washington next.
[cat] marching in sept
[tlm724] taking it to the streets , NY and Washington
[tlm724] the secretary general of the Union of Arab Banks via Skype hoping to develop banking relationships with Arab and take advantage of the Arab expertise to develop the banking reality in Iraq.
[tlm724] seminar concluded with recommendations on ways to achieve banking reform and support for private banks to enable them to contribute to the actual programs in construction and development, and the equivalent of its size and importance in the Iraqi market.
[tlm724] getting the private banks involved will make all the difference and look at them coming together, all of them, the CBI and the economists, Private Bank Assoc. and Parliament mixed with some Arab intervention !
[tlm724] crazy good stuff going on !
No breakdown of the negotiations and the government will this week
[tlm724] No breakdown of the negotiations and the government will this week *wolfwhistle*
[tlm724] explained that he is supposed to agree on «national paper» in the coming hours
[tlm724] that there will have All parties to form a government as scheduled,
[tlm724] after being included ceilings for each time demands made by the blocs, expected to be ready in the cabinet reshuffle this week, with the possibility of delays in a day or two
[tlm724] thats right put a time limit on it !
[tlm724] drew carpets that Iraq live in a real crisis and tension and boiling in the street, who can no longer tolerate the shock postponement of the government, calling blocs and political leaders and willing to participate in the government because the rush and give more than a biography to be the next government, the Government of the pool where the competence and integrity and employability and the ability to work.
[tlm724] Iraq live in a real crisis and tension and boiling in the street, who can no longer tolerate the shock postponement of the government
[rsp1] It's a refreshing change that they're putting time limits on things...and trying to adhere to it!
[tlm724] rsp1 yes it is !
A political source: negotiators last minute cramming is not nationally
[tlm724] show all the parties desire to expedite the formation of the government new, but some political blocs made demands may hinder or delay the formation, prompting the National Alliance to waving paper "political majority government" in the event of failure to reach an agreement
[tlm724] I'll give you one guess who this is
[tlm724] but some political blocs made demands may hinder or delay the formation
[tlm724] so if for some reason they don't get this done on time they resort to a majority GOI
Ministerial meeting to finalize the budget
[tlm724] completed and the Ministry of Finance of all expenses and actual income earned in the ministries and government departments all since the beginning of the year until the end of last July,
[tlm724] hoped to hold representatives Ministry for meetings with representatives of other ministries this week to put the finishing touches
[tlm724] get that budget done and start on next years
Resumption of work at the Rafidain Bank in London within the Paris Club Adjustments
[tlm724] Resumption of work at the Rafidain Bank in London within the Paris Club Adjustments BAGHDAD / Ibrahim Ibrahim Economists welcomed the re-opening of the Rafidain Bank in London after he stopped working for 24 years
[tlm724] hot dayum ! can I get a *hallelujah* on that one !
[tlm724] The re-opening of a branch of the Rafidain Bank in London is an important step for the integration of trade and economic cooperation with the international financial markets,
[tlm724] said a former adviser to the central bank said that "the previous period witnessed a debt settlement through Decisions of the Paris Club, which support the Iraqi economy dramatically, especially banking institutions of government,