Post From Dinar Updates
Chat Room Excerpts & Highlights
Dinar Updates Tuesday PM Chat 8-16-16 Part 1 of 3
1bobby says():Jubouri are eager to proceed with plans to speed up reform and enactment of important laws
History of edits:: 2016/8/16 17:54 • 21 visits readable
The head of the House of Representatives, Salim al keen House of Representatives to proceed with plans to speed up reform and enactment of important laws.
A statement by the Information Office of the President of the Parliament received by all of Iraq [where] a copy of the "al-Jubouri, received in his office on Tuesday, the US congressional delegation headed by Democratic Senator Corey Booker and his accompanying delegation," Mnohna as "During the meeting, research in developments in the political and security landscape on the local scene, as well as the regional situation and its implications, especially with regard to the war on terror dossier. "
The statement noted that "the meeting, they discussed the displaced file and the conduct of the legislative work and the role of the House of Representatives to speed up the enactment of important laws."
He stressed the keenness Jubouri the House of Representatives to overcome the obstacles and proceed with plans to support reform and progress wheel state forward in the face of economic and security challenges.
The meeting was attended by US Ambassador to Iraq Stuart Jones.
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jeffusa says():IraqiNews.com) Mosul – Kurdistan Democratic Party official confirmed on Tuesday that the ISIS ‘Minister of Media’ was killed during a military operation carried out by Peshmerga forces for liberating villages east of Mosul.
Media official of the Kurdistan Democratic Party Saeed Mamouzini said, “ISIS has transferred about 165 bodies of its members to the city of Mosul and among the dead was also the body of Abu Ahmed al-Shami, ISIS ‘Minister of Media’.”
1bobby says to jeffusa():Good stuff
1bobby says():Lots of military action taking place today
aminmaine says():yes it seems to be accelrating! thanks for the news!
1bobby says():Here's a few more headlines pertaining to military action
1bobby says():The destruction of the headquarters of the leaders of Daash in Tal Afar (16.08.2016 18:44)
1bobby says():The killing of a large number of Daash and destroyed a laboratory for the mining of the wheels in Hawija (08.16.2016 18:38)
Pablo says():How much more of Mosul is left to liberate?
Elane says to 1bobby():Thanks for the commentary... can no longer sit and read... family needs my time and attention so a BIG THANKS!
1bobby says():All of it. Now villages around Mosul are being liberated on a daily basis
jeffusa says():(IraqiNews.com) Mosul – International coalition aviation’s air crafts on Tuesday launched an airstrike on an ISIS site in Mosul, killing a number of militants.
Nineveh Police officer Colonel Ahmed al-Jubouri said, “Coalition aircraft stepped up overflights over Mosul to confuse the ranks of the organization and cut off supplies that are expected to be sent to the frontier for continuing fighting at the outskirts of the city.”
Al-Jubouri added, “Coalition jets bombed a building used by ISIS members north of Mosul, killing six of them.”
rcookie says():Abbadi: we need to sound fiscal and monetary policy to ensure the needs of the country in all fields
rcookie says():Basra calling for the rehabilitation of border outlets being an important economic resource
2016/08/16 (00:01 pm) - Basra/peace khaz Called Basra, on Monday, to qualify as an important economic resource being border gates, with the opening of a new outlet in the province criticized in light of the problems of the current port, stressed the need for administrative and logistical problems and overlap.
And planning and Monitoring Committee Chairman said in Basra grew up speaking to Mansuri (long press), that "border ports between Basra and neighboring countries need to rehabilitate and reconstruct where logistical and administrative problems, shortages and overlapping powers and imposing addressing these problems to fulfil their tasks and work.
Mansouri added that "talking about the opening of a new third port in Basra is important as it adds another in the presence of these problems first of border gates address current ports better than similarly port open.
Mansouri explained that Basra contain significant areas namely Shalamjah wesvwan Kuwait and Iran via cross-note that the ambitious level in implementing border ports in other States look like in another world, although they are in the same geographical area and environment ", calling attention to the ports as a resource management problems and important economy wallogset and overlapping competences of ministries."
The Basra city adjacent to Kuwait and Iran has 2 Brian Safwan walshlamgh Kuwait with two with Iran as well as marine ports is b 4 four commercial ports to transport goods and oil ports.
Mp from Basra Selim Shawki days ago, the Iraqi Government agreed to open a border port with Iran in Northern Basra, noting that it will stimulate trade, tourism and economic feasibility.
rcookie says():SO...WHERE AT ONE TIME THE CUSTOMS TARIFFS INCREASES TO BE IMPOSED AT BORDER POINT WERE MAJOR OBSTACLE AND SOURCE OF CONTENTION IN THESE BORDER CROSSING AREAS...
THE SUCCESS OF THE REVENUE STREAMS TO THE COUNTRY AND PROVINCIAL SHARE OF THE REVENUES HAVE THESE AREAS TRIPPING OVER THEMSELVES TO GET ENGAGED ....WHAT A DIFFERENCE A YEAR MAKES...
rcookie says to 1bobby():1 OF YOUR ARTICLES IS RIDICULOUS AWESOME....
1bobby says to rcookie():The recent one?
rcookie says to 1bobby(): Some International Companies Cautiously Return to Iraq
Iraq, August 16, 2016 After years of turmoil, the country appears to be stabilizing, attracting deal-scouting executives
BASRA, Iraq—For years, Iraq has careened from crisis to crisis. Now, some foreign companies see opportunity as the turmoil appears to be subsiding.
After disruptive anti-corruption protests earlier this year, a degree of stability has returned to parliament. Weak oil prices that sapped its economy have staged a fragile recovery. And Iraqi forces have beaten back Islamic State to just a few pockets in the country, most recently driving them from Fallujah and Ramadi.
Since then, interest in the country from serious investors has increased, said Mudher Salih, a former senior central bank official who advises Prime Minister Haider al-Abadi on financial policy. “After Fallujah and Ramadi everything changed,” he said.
Part of that change is foreign capital, and deal-scouting executives are cautiously returning to Iraq and improving its business outlook.
In January, General Electric signed contracts worth $1 billion to upgrade Iraq’s electricity infrastructure, the company’s largest power deal in the country since 2008. GE, which has been operating in the country for years, said it “continues to see growth opportunities going forward.”
In April, the World Bank’s International Finance Corporation arranged a $375 million financing package for an Iraqi power company, backed by Lebanon’s Bank Audi—the bank’s first major investment in the country. The deal is a sign of the IFC’s increased support for Iraq in the 12 months to June 2016, which was accompanied by an “increase in interest by investors from the region,” said Mouayed Makhlouf, IFC Director for the Middle East and North Africa. Bank Audi declined to comment.
In a sign that some companies are betting that even tourism could begin to pick up, Wyndham Hotel Group announced plans to open two new hotels in Najaf, a pilgrimage destination for Shiite Muslims, by 2018.
“It takes a long time to develop new hotels so you can’t wait until the moment before the thing is in all the travel magazines,” said Daniel Ruff, Wyndham’s president for Europe, the Middle East and Africa. “Once you are the first mover you see some opportunities emerging quickly and growth can be really fantastic.”
International law firm Eversheds says it is working on two deals to acquire assets in the country—the first Iraqi acquisitions the firm has handled in more than 12 months.
Another big reason for optimism: the International Monetary Fund.
Last month, it approved a $5.3 billion bailout for the cash-strapped country, helping to plug its budget shortfall and restore investor confidence. The deal requires Iraq to undertake significant economic changes, cutting spending and tackling corruption, and paves the way for additional assistance.
Driven by higher oil production, economic reforms and diminished threat from the militant group, the World Bank
rcookie says to 1bobby():expects Iraq’s economy to grow about 7% this year.
Foreign direct investment in Iraq—primarily a function of spending by international oil companies—could increase by around 20% this year to nearly $4 billion, according to estimates by Astrit Sulstarova, head of the investment trends and data unit at the United Nations Conference on Trade and Development. In 2015—a year of military uncertainty and falling oil prices—FDI crashed 30%.
Iraq is still in a delicate situation. The price of oil—the main source of government revenue—remains under pressure. The country’s budget deficit ballooned to 14.3% of GDP last year and is expected to be closer to 15% in 2016.
Meanwhile, a mounting humanitarian crisis threatens to overwhelm the government, adding to the pressure on spending. The U.N. estimates more than three million people already have been displaced by the war against Islamic State in the country and millions more could be affected by a coming campaign for the extremists’ Iraqi capital of Mosul and ongoing offensive.
And anti-corruption protests have dogged and disrupted the Iraqi government, and could resurface.
The hurdles facing companies also remain significant. A stifling bureaucracy and rampant corruption make for a challenging environment. Simply starting a business requires about 10 different procedures and takes roughly a month, according to the World Bank. It is little surprise, then, that Iraq ranks 161 out of 189 countries in the World Bank’s 2016 ease of doing business rankings.
The Iraqi government in particular, makes a difficult business partner. Mohammed Al Khasaky, chairman of Iraq’s AKG Engineering Construction & Trading Group described working with the government as “impossible.” His company, like many others, hasn’t been paid in more than a year.
Still, Mr. Khasaky is eager to continue to operate in Iraq, provided he can avoid relying on government money. “Any opportunity we are ready to work if the money is coming from outside the Iraqi government,” he said.
Sami al-Araji, chairman of Iraq’s National Investment Commission, acknowledged the challenges facing businesses, but said it is looking at “all means and ways to try to alleviate the difficulties of the companies.”
Activity in the country’s oil sector is tentatively improving and the government is working to build interest in underdeveloped oil fields and major infrastructure projects.
According to Iraqi officials, Exxon Mobil Corp. and China’s state-controlled PetroChina Co. are in talks to help boost production from two of the country’s smaller southern oil fields. Exxon declined to comment and PetroChina didn’t respond to a request for comment.
1bobby says to rcookie():Yeah I liked that one too
rcookie says():FDI I IRAQ COULD INCREASE BY 20% THIS YEAR....THAT THIS YEAR....2016!!!!!!
rcookie says():AMIDST A YEAR OF MILIRATY UNCERTAINTY AND FALLING OIL PRICES...
Rcookie : This year !!!
1bobby says to rcookie():I had someone comment to me that that article told of the difficulties of operating in Iraq. I said yeah but look what they said about what the current GOI is doing to improve it. Once that happens.....watch out
rcookie says():AND COMPANIES CLAIMING WORKING WITH IRAQI GOVERNMENT AS "IMPOSSIBLE" DUE TO NON PAYMENT FOR MORE THAN A YEAR....
HOWEVER EAGER TO CONTINUE OPERATIONS IN IRAQ PROVIDED AVOIDING OF RELIANCE ON GOV'T MONEY AND INSISTANCE PAYMENT IS COMING FROM OUTSIDE OF IRAQI GOV'T...
rcookie says():AGAIN....WE HAVE POINTED OUT ITAQ'S CHALLENGING BUSINESS ENVIRONMENT DUE TO CORRUPTION AND BEAUREAUCRATIC RED TAPE AND POOR RANKINGS ON WB "EASE OF DOING BUSINESS" REPORTS MANY TIMES....
ITS NOTHING NEW..OR SOMETHING THEY ARE IN DENIAL OF AND ACTIVELY ADDRESSING...
rcookie says():LIKE TELLING SOMEONE WATER IS WET...
rcookie says():JUST REPLY...OK CAPTAIN OBVIOUS!!.........
1bobby says to rcookie():I did but it included the word Sherlock lol