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Dinar Updates Saturday PM Chat 8-13-16 Part 2 of 2
loop says():Iraq surpassed the most dangerous phase of the financial crisis
8/14/2016 0:00 BAGHDAD - Farah pumice At a time when the economy of the Commission confirmed Alastosmaralgnapeh and the Ministry of Planning Iraq overcome the most dangerous phase of the financial crisis experienced by the sale due to lower crude oil prices in world markets, the government announced a plan adopted all the possibilities facing economic fluctuations.
Financial Advisor to the Prime Minister, Dr. said the appearance of Mohammed «morning»: The »government adopted a program and a plan of action and a successful court to face all possibilities.»
Promised arrangements conducted by Iraq with the International Monetary Fund recently on lending «positive» and embody the international community's support for the country's economy. »
Iraq has faced a financial crisis since Asaralinvt decline in July 2014, which makes up most of its imports, and conducted on the impact of government's deliberate policy to reduce costs and provide the necessary resources and taking international loans to secure the war-kits to gangs «Daash» terrorist and provide salaries and other needs.
A better position
In turn, said a member of the Economic Committee Najiba Najib: that «the government has managed to overcome the stifling crisis that existed at the beginning of this year and the situation is now better than before the crisis». But he said he did not yet «Ntakt financial crisis in general Vairadatna still less than our expenses, but this will remain a significant shortfall in the budget».
She explained that «the war against« Daash «is exacerbated by the financial crisis coincide with a drop in oil prices, which we continue to rely on him in the construction of the budget», adding that «the current government has taken some steps towards building a strong economy».
She drew Najib that «the 2004 budget adopted by 95 percent or more only on oil revenues», noting that «What we're saying in the budgets for 2015 and 2016 this figure fell slightly to about 90 percent based on oil only and this shows that there is a change, but not the required level» .
She stressed that «the government is taking steps to serve economic interests of the Iraqi economy». The Planning Minister Salman Jumaili said last July: The «Iraq surpassed the most dangerous phase of the economic crisis, after passing the first half of 2016, and that the world is growing confidence of the Iraqi economy.» Jumaili expressed hope that «be the second half of 2016 the best, as it will see the end of the Iraq« Daash «and the return of displaced persons, Vdilaan a positive indication of rising oil prices.
In the global market, in addition to the results of the economic measures taken by the government and processors during the last stage ».
In the meantime, go back to the economic and investment commission member of the parliamentary Harith al-Harthy, the benefits of agricultural, industrial and commercial loans and even residential imposed on citizens as «simple». He said in a press statement: that »all industrial, agricultural, commercial and residential loans were very simple citizens on the benefits of a longer liquidity to banks.»
He added that his committee «confirmed during the last meeting with the industrial, agricultural and commercial banks managers in addition to the bank Rafidain and Rasheed, that fees are very simple to the requirements of the needs of these banks and the wages and salaries of their employees, therefore, these simple benefits do not affect the loan nor the citizens».
It is said that the Cabinet approved during its meeting on the 31 of last May, to launch a Government loan to the sectors of housing, industry and agriculture form the amount of $ 6.5 trillion dinars in the framework of the axis of economic reform and diversify and move from an economy Rei into a productive economy and the transformation of the economic system of the State of the system a consumer to multi-resource production system.
loop says(): Investment opportunities Karbala model Author: Yasser incumbent
8/14/2016 0:00 Indicators suggest that there are opportunities to stimulate investment despite the conditions experienced by the country, and we delay too much despite the availability of its requirements and Iraq 's possession of natural riches confirms the strong position to him , even though it is invested, and that there is an investment law enjoyed great privileges are encouraging and attractive allow investors to work high smoothly, but where 's the problem?
in fact , suffer most of our provinces of the defect in the organization and this is evident by not her testimony of the Act also suffer from poor planning and do not put the priorities of the investment any random choices sometimes based on self - interest and here lies the problem.
We are in the (morning) are following closely the investment activities in the whole of Iraq and we have pointed out in this column to the experience of Kurdistan and how it has achieved significant and we continue to monitor initiatives and Nahrha achievements.?
now has initiated Karbala province to declare a typical investment opportunity organization and integrated planning the establishment of integrated services in a new city to accommodate Alttorkabar witnessed in the province by local government is keen to develop their city and as befits its history and heritage.
in fact, the designs offered on TV screens dazzled everyone in its beauty and its contents reflected the keenness of the province to provide integrated investment opportunity can be called a model fantastic investment opportunities. We hope to succeed.
Eight local government is required to succeed in this great opportunity, through block predators and Alnfiean who are trying to put a spoke in the wheel of development and growth for the exit of this strategic project model to the ground, the project model should be an incentive for the provinces that enjoy the stability of security in order to follow suit in order to activate the desired economic growth factors.
in this context , we see that there are great investment opportunities in the southern provinces , particularly in the tourism sector , where the marshes designs waiting for investment opportunities accrue benefits beyond Alinvt.uha revenues from other investment opportunities provided the economic viability be present to address the situation of the provinces economically Let our motto Karbala specimen investment opportunities.
loop says():Oil issues in Iraq's agreement with the IMF
8/14/2016 0:00 Ahmed Musa translation - Khalid Qasim
IMF provides part of its agreement with Iraq, the recent loan of 5.34 billion dollars, focuses on the implementation of economic and financial policies to help the country deal with falling oil prices and ensuring debt sustainability.
The agreement includes, in regards to the oil sector, specific obligations Iraq must fulfill them and relate to three aspects are arrears of international oil companies, as it confirms the IMF on the continued implementation of the oil investment was financed mainly from the accumulation of arrears of international oil companies.
Thus Iraq has accumulated more than $ 3.5 billion by the end of December 2015, the arrears of those companies belonging to the licensing contracts, and the amount rose to 4.67 billion dollars by the end of last March.
Payment of arrears
The Oil Ministry also paid all the arrears from last year to the Basra Gas Company, amounting to $ 204 million, it is assumed that it had paid arrears of this year until the end of last May, amounting to $ 140 million and paid the remainder of the amount of gas purchases for the current year and $ 700 million, used 145 million at least $ from its investment budget for the current year to finance investments to reduce flammable gas company's project.
In order to facilitate the implementation of the budget sharing agreement, the Governments of Iraq and the Kurdistan region to consider into account the receipt of the net amounts received by the province from oil exports, which made the last government plans to audited by international auditing companies with effect from 1 July.
Awarded four exploration areas in the fourth licensing round in 2012, and work was continuing in three of them during the first half of this year. No progress was made in the eighth region (provinces of Diyala and Wasit) mentioned period due to the security situation and the factor «Daash» which impact on activity in Diyala.
Unlike the eighth region, the region has made remarkable progress ninth. And witnessed the signing of an agreement last April to export oil sales between SOMO and a consortium consisting of company Kuwait Energy Company 60 percent, and Dragon Oil Holdings Ltd., 30 percent, and the Public Egyptian oil 10 percent.
It is worth mentioning that the first exploratory well in the region, a ninth «Fayha 1» may dig in March 2014, and led to a large Bchehri September and December of the same year oil explorations.
The two companies began Russia's Lukoil and Inpex of Japan drilled the first exploration well to them during the last region of the tenth of April. While Russian Bachinvt company and its partner Premier Oil UK completed the same month of field seismic surveys in the region 12 as part of the geological exploration approved by the Ministry of Oil and start experimental drilling at the end of the current year's program.
loop says():Associated gas
Associated gas production amounted to 2628 million cubic feet per day during the first five months of this year: 84 percent of it from the southern oil fields, while the remainder comes from the North Oil Company fields. Of that total, there are 1714 million cubic feet burn, representing 65 percent of the total gas production associated.
Thanks to exports of new condenser and gas liquid gas to the joint «Basra Gas Company» project, which increased the processed gas from 400 million cubic feet to 600 million cubic feet between June 2013 and the time of writing the report.
Undersecretary of the Ministry of Oil for the gas industry Hamid Younis confirmed that the gas sector has become self-sufficient in the production of liquid gas, the productivity of 5,000 tons and exported quantities of condensed gas card can be used as a raw material in the petrochemical industry,
in addition to the growth of designer dry gas production for electric power generators in the country, reaching a production of Dry gas in mid-May 1100 million cubic feet per day.
Beeson says():they are burning burkas in Iraq.. ( fox news )
Beeson says():they are saying let ISIS wear them :D
john09 says():manbij, syria ...liberated ...women burning burkas ....women even had to have their hands covered under isis
magnetlady says():Oh my gosh. that's something john09
magnetlady says():I just can't imagine having to live that way
john09 says():73 day battle is over...100s of men women and children killed
magnetlady says():So sad.
subgirl says to magnetlady():I like the city of Karbala and what is going to be and is happening now to that city... UNBELIEVEABLE!!! that city is going to have a HUGE SKYS****ER built.... WOW! and huge malls and stores and added to it... That is going to be awesome! :)
subgirl says to magnetlady():sky s c r a p e r lol
subgirl says to magnetlady():and even in the marshes there are going to be schools, and buildings... it is going to be GREAT!!!
subgirl says to magnetlady():universities are going to be built! :) so cool!
magnetlady says():AWESOME subby it trully is awesome
subgirl says to magnetlady():yes it is!!!
subgirl says to magnetlady():so exciting!
subgirl says to magnetlady():they have the people to build the city and the equipment I believe and the money in loans and such now just get to it!!!
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