Post From Dinar Updates
Chat Room Excerpts & Highlights
Dinar Updates Thursday Chat 8-18-16 Part 1 of 3
1bobby: Iraq is Back in Business, According to Wyndham Group
Iraq, August 18, 2016 Foreign Direct Investment (FDI) is rising again in Iraq, The Wall Street Journal reports. The piece notes General Electric’s billion dollar contract in January, which is of course government spending, to highlight how multi-nationals are increasingly confident as the self declared Islamic State begins to collapse.
The piece also notes how FDI is projected at $4 billion for 2016, lower than the $4.8 billion in 2014 when IS captured much of northern Iraq, but encouraging. Much of this FDI is from oil, since BP, Lukoil and a number of other oil majors suggested they would up investment this year, after slashed capex saw production in some southern fields decline.
Loans, from the IMF and the International Finance Corporation, reaching up to $20 billion by the end of the decade, should assuage IOC concerns and keep oil output increasing over the next few years, despite problems with water injection in the supergiant fields of the south.
But the most interesting piece of information reported was that the Wyndham Hotel Group will be building two new hotels in Najaf before 2018, a secure southern town that sees huge influxes of religious pilgrims.
1bobby says():KRG welcomes statements by Iraq's new oil minister
Iraq, August 18, 2016 ERBIL, Kurdistan Region -The spokesperson of the Kurdistan Regional Government (KRG) says Erbil is supportive of talks with Baghdad over oil export and revenues.
Speaking to Rudaw on Wednesday, Safeen Dizayee praised the newly appointed oil minister in Iraq Jabar al-Luaibi as "professional" and welcomed his recent comments about the Kurdistan Region.
"We are ready for talks and express our gratitude towards the new oil minister," Dizayee said, referring to al-Luaibi's comments on Monday in Iraq's Al-Sumariya TV, where the minister said he wanted to solve the pending disagreements with the Kurdish government over revenue sharing.
The Iraqi central government has virtually suspended all payments to the KRG since February 2014 after it accused Erbil of selling its oil independently of Baghdad.
The KRG is exporting around 500,000 barrels per day directly to the Turkish Ceyhan port and has received the revenues from international buyers largely without Baghdad's interference.
"If there is a strong will in Baghdad for negotiations, of course we are ready to meet," Dizayee said. "But for us the issue is not personal, as we had the same problems with former oil minister Adil Abdul Mahdi, who was even a great friend of the Kurds."
Al-Luaibi is one of five newly appointed ministers by Prime Minister Haidar al-Abadi, who has struggled to reshuffle his controversial cabinet for months.
"We need to seriously look into the problems and find solutions that serve all the people of Iraq," Dizayee said.
subgirl says():Obeidi mobilizes political blocs to stifle his dismissal
2016-08-18 12:42 Special balance news Fix front mp revealed Nahla alhbabi, Thursday, movements of Defense Minister Khalid Al-Obeidi to foil attempts of his dismissal.
Alhbabi said to balance news, Defense Minister Khaled Obeidi moves on the political blocs to thwart attempt to impeach him on the background of the accusations addressed to the President of Parliament and a number of Deputies, during interrogation. "
She added that "national forces Alliance members want to dismiss Al-Obeidi to blow strong Sunni symbols."
It is said that a session next Tuesday (August 23, 2016) will see complete votes to impeach the Defense Minister Khalid Al-Obeidi.
subgirl says():I think he knows he is going down!!!
subgirl says():Obeidi has to know it...
rcookie says():AUCTIONS END WEEK AT 141 MILLION....
rcookie says():Global tender scale .. Iraq sits on the first position globally
Local Since 08/18/2016 14:27 pm (Baghdad time) Follow-up scales News
Despite all the suffering of Iraq's difficulties and tragedies over more than a decade, but he clinched the first position globally to countries that help people curious, as the global tender for the 2015 report.
On the list of the top 10 according to the report, Kuwait came in seventh place, while Saudi Arabia got the ninth place.
In the field of philanthropy, either money or time, it was a surprise retention Small Field Asian country (known Pmaanamar too) for the second year in a row the first position on the level of cash donations, ahead of second-placed (and its partner in 2014 the first place) and the United States.
Britain did occupies Despite the magnitude of its economy only fourth in cash donations, while the name of the United Arab Emirates appeared in 14th place, to come to Germany, then in the 20th position.
And it showed a report published by the Daily Mail Wednesday advanced to the men in the work of good over women in unprecedented since 2008.anthy 29 / A 43 Index
cobalt says to rcookie():(y)
cobalt says to rcookie():That last post by rcookie is very telling.....Have a great (v)(y)(handshake)
rcookie says():Minister ages: ages priority areas liberated in 2017 budget
logo jumhuriya Minister ages: ages priority areas liberated in 2017 budget
Thu, 18 Aug 2016 11:09:48 # Algmehorah_uz Announced the Minister of Construction and Housing and Public Works, Municipalities, Ann wholesome Osei, that the priorities for action in the ministry will be the reconstruction of the "liberated areas" and to support investment.
According to the Media Centre of the Ministry in a press release, that "the minister stressed that the priority in the next phase will be the reconstruction of liberated areas at the hands of security forces and popular crowd, as well as support investment and attract foreign companies discreet sector in the process of infrastructure development."
The statement added, "it stressed the need to provide services to citizens across the provinces," indicating "that it will seek advanced with the owners and employees of the ministry to work as a team and strengthening the work of the ministry."
The House of Representatives voted last Monday to nominate five new ministers presented by Prime Minister Haider al-Abadi, including the Minister of Construction and Housing and Public Works, Municipalities, Ann wholesome Osei.
rcookie says():SO HERE WE SEE THAT DEVELOPMENT OF HOUSING & CONSTRUCTION IN LIBERATED AREAS WILL DOMINATE THE ACTION PRIORITIES IN THE 2017 BUDGET...
rcookie says():REMEMBER THE REPORTS OF SOME IRAQI GOVERNORS VISITING THE US TO DISCUSS INVESTMENT OPPORTUNITIES A COUPLE OF WEEKS AGO...
_firefly_ says():Iraq claims at a rapid pace to restore confidence in the banking sector
rcookie says to MrsBGG():SO EMBARRASING FOR ANYONE EVEN REMOTELY FOLLOWING THIS INVESTMENT AND NEWS AND PURPORT ANYTHING BUT CONFIDENCE IN IRAQS PROGRESSS AND TRANSITION INTO PRIVATE SECTOR ECONOMY....
1bobby says():Speaking of outside investments
1bobby says():Narrator: Daesh Anbar has become one of the past and their effects Snmho
2016/8/18 16:44 [Wayne-Baghdad] The governor of Anbar Suhaib al-Rawi said "Daesh gangs has become one of the past and the future of Anbar will erase the tragedy caused by terrorism."
He said the governor in a press statement seen by all of Iraq [where] on Thursday that "al-Rawi said after returning from the United States, for the completion of the final stages of an agreement with a consortium of international companies from Korea and the United States to build a modern, commercial city in terms of Habbaniyah investment in a way,"
he at the same time to "redouble efforts to restore stability and the reconstruction of liberated areas, and organize the voluntary return of displaced people to their areas pan, and provide all the services to them."
And went governor of Anbar province, our sincere appreciation for all the efforts that have contributed in the liberation of the province, and provide corridors and safe havens for the displaced, actors and the efforts of the central government and the province teams, volunteers and tribal community events, in restoring stability and services.
He stressed "the importance of continuing domestic and international action in coordination with the central government, the security file and displaced persons and restore stability, and to overcome all the difficulties in front of the return of civilian life of the province, and to ensure its security and economic prosperity."
rcookie says to 1bobby():ANOTHER CITY...THIS ONE A MODERN COMMERCIAL CITY IN ANBAR WITH A CONSORTIUM OF PRIVATE SECTOR COMPANIES FROM THE US AND SOUTH KOREA...
1bobby says():And Mr Rcookie....Thank you for making sense of all this. Much appreciated
rcookie says():THE STATEMENTS IN THAT ARTICLE ARE PROFOUND AND SPEAK DIRECTLY TO THE LEVEL OF GLOBAL CONFIDENCE IN IRAQ'S ECONOMIC PRESENT & FUTURE....
rcookie says():CWERTAINLY NOT THE DOOM & GLOOM PESSIMISM SOME ATTEMPT TO PAINT....
rcookie says():THIS IS REALITY....STRATEGY...AND MORE IMPORTANT...ACTIONS....
1bobby says():Bank Manager arrested in Kirkuk for stealing 60 billion dinars ........2016-08-18 at 17:52 No details, just headline
_firefly_ says():Financial submit the draft budget bill for 2017 to the Cabinet
_firefly_ says():Direction Press / Baghdad Presented Finance Minister Hoshyar Zebari, a draft 2017 budget law to the Council of Ministers.
According to a statement the Ministry of Finance received "direction Press", a copy of "Zebari Browse through his intervention in the cabinet meeting, the volume of oil and non-oil state revenues and expected the most important trends and financial data as well as the overhead of the state fiscal deficit is expected and ways to bridge the financial gap."
It was decided to discuss the draft project by the ministers and their ministries, as well as discussed in the special meeting of the cell, the economic crisis further review and audit and then presented back to the Council of Ministers.
_firefly_ says():Now this is interesting, wonder when the deadline is to approve it ? ;-)
_firefly_ says And why talk about it in August !
_firefly_ says():The numbers are mind boggling
_firefly_ says():Follow the money folks !!!!!!!
_firefly_ says():ok, that's it for me, now back to your regular program :)
1bobby says():He added that he was "securing the needs of the security agencies, including the popular crowd, and the salaries of employees, retirees, and other essential needs during the budget which is expected to be completed next month setting."
1bobby says():That's from an article Mr Cookie posted yesterday about the budget
_firefly_ says to 1bobby():BINGO
_firefly_ says to 1bobby():Why would they want it completed in Sept ?
1bobby says():Now whether that's a completion or a presentation, I have no idea. I leave that stuff to the smart people :)
clay01 says():I was talking to a very good friend of mine the other day, and we got off on Iraq discussion, he told me that the company he works for here, had put in a bid from the US Govt to do work on the Mosul Dam, so even our own govt is spending money over there on infrasture, I thought that was interesting
clay01 says():And he knew of other projects that were bidding out
1bobby says to clay01():VERY NICE!!!!!
1bobby says to clay01():Did he mention any relation to that Italian company this was also doing some work there? I know they are bringing in a lot of outside help
clay01 says():Lots going on that is not in print, that is going on over ther
clay01 says():no, his company did not get the bid, but they were working on getting other bids for work over there
clay01 says():he is not invested in the IQD either
clay01 says():but was very excited about the work opportunities over there
1bobby says to clay01():Outstanding. Thanks for that info