Post From WealthWatch.Com
Chat Room Excerpts & Highlights
WealthWatch News & Comments 8-29-16 Part 2 of 2
chattels: Dubai: Standard and Poor’s said it has affirmed its ‘B-’ long-term and ‘B’ short-term foreign and local currency sovereign credit ratings on Iraq with a stable outlook. The stable outlook reflects the ratings agency’s expectation that Iraq’s large fiscal and external deficits can be financed, and that its conflict with Daesh (the self-proclaimed Islamic State of Iraq and the Levant) will be contained, the ratings agency said in a statement.
It also incorporates their forecast of an increase in Iraqi oil production and oil exports to 4.4 million barrels per day (bpd) and 3.6 million bpd, respectively, by 2019, while the IMF programme leads to gradual fiscal consolidation. However, the rating is constrained by the war in the country Iraq has the world’s fifth-largest proven crude oil reserves and is the second-largest oil exporter in the Organisation of Petroleum Exporting Countries (Opec).
Oil dominates the Iraqi economy, contributing over 60 per cent of GDP, 90 per cent of government revenues and more than 95 per cent of exports.
chattels: Jafary should just resign. He would make a fortune selling audio tapes to folks who suffer from insomnia. twitter.com/UticaRisk https://twitter.com/UticaRisk
chattels: “Iraq’s state oil marketing organization (SOMO) plans to hold talks with the Kurdish regional government, possibly next week, about Iraqi oil exported through Turkey,“ Iraq’s deputy oil minister Fayadh al-Nema told Reuters on Friday. http://rudaw.net/english/business/27082016
chattels: Ares Abdullah ruled out approval of oil and gas law for lack of Arbil and Baghdad agree on a single formula 27/08/2016 10:04
chattels: BAGHDAD / National Iraqi News Agency / nina / ruled out for the Oil and Energy Committee Erez member Abdullah, enactment of the oil and gas law in the next parliamentary sessions, while stressing at the same time, it is very important law regulates matters of oil between the province and the center.
Abdullah said in a statement the national Iraqi news Agency / NINA / " the oil and gas law is very important law and the country need to be passed, but it 's hard to be included on the agenda of meetings of the parliament agenda , " attributing it to: "it 's the law need to be agreement between the different parties of the central government in Baghdad and the Kurdistan Regional Government and the oil - producing provinces. "
He also added Abdullah:" the law needs to be compatibility between the province and the oil - producing provinces and the private / Basra / being one of the main oil producing provinces, in order to initiate and implemented in all regions, not to be carried out in the area and left in Other area. "
He believed, that the lack of an agreement by all parties on a single law formula, makes is passed Assapava this time. It is said that the oil and gas law from within the phase of the previous parliamentary session laws, has been delayed legislation because of continuing disagreements between the political blocs and not to get consensus around it .
chattels: It does not appear that any oil and gas law is " cued up and ready to go ", eh ?
chattels: The myth of a " basket of laws " continues to be espoused by those gurus pandering " irrational exuberance ".
chattels: Kurdistan Alliance looming boycott the parliamentary session on the back of the repercussions of questioning of the Minister of Finance hearing results
chattels: More potential dysfunction in the Iraqi parliament.
chattels: Abadi ready for talks on the province's independence
chattels: " the Prime Minister Haider al - Abadi told me [that the gates of Baghdad open for talks on the independence of the Kurdistan region there is no need to talk or defamation through the media ]. "
chattels: This is a curious approach by Abadi. There must be some strategy and agenda ?
chattels: Joel Wing @JoelWing2 4h4 hours ago Roughly month after Khalidiya Island in Anbar declared liberated its declared liberated again
chattels: *** Khalidiya is the most often " recaptured " area in Iraq. Multiple announcements in the past few weeks.
chattels: Summary of Zebari's actions by Dr. Abbas Kadhim
chattels: In 2013, Mr Zebari rented a private plane for $90,000 to go to event w/out invitation, despite prohibition of budget regulations.
chattels: Zebari claimed it was covered from untold "other sources" -- docs show he ordered pay. He also spent $49k in two days of the trip.
chattels: In 2014, against law, Zebari raised treating office guests by 100 times, from ID250k to ID25 million-- by 2015 it was ID60 million.
chattels: Zebari claimed one month of busy schedule. But documents showed raised cost throughout 2015.
chattels: Zebari rented a house for $157k/year, without proper authorization from the PM, req by law. Rent is also too high + other violations.
chattels: Zebari claimed contract existed from time he was MoFA. But didn't deny amount or lack of authorization as Min. of Finance.
chattels: Zebari appointed 450 bodyguards, costing #Iraq $2 million for travel (Baghdad-Arbil), w/out legal basis.
chattels: Without identifying it as such, Zebari spent $767k to upgrade Massoud Barzani's house + furniture 14 rooms & 2VIP bedrooms, etc.
chattels: ^^^^^^^^^^^^^^ Parliamentary questioning of #Iraq Minister of Finance, Hoshyar Zebari.
chattels: Joel Wing @JoelWing2 5h5 hours ago Joel Wing Retweeted Dr. Abbas Kadhim Dr Kadhim @DrAbbasKadhim has good rundown of what happened when Zebari was questioned by MPs
chattels: Joel Wing @JoelWing2 5h5 hours ago State of Law & KDP MPs ended up throwing water bottles at each other in parliament over questioning Finance Min Zebari
chattels: Will Maliki ever be questioned by the Parliament?
chattels: Dr. Abbas Kadhim @DrAbbasKadhim 5h5 hours ago . @harry276 --I hope to see him in Parliament soon. Of all #Iraqi politicians, he has the most to answer for.
rocknrollbus: I have read where Zabari spent all that money on ghost trips.........I guess is doesn't matter what country they're from........if they're a politician, they're a crook!!!
rocknrollbus: Honesty and politician........nary the twain shall meet......
OOTW: VERY IMPORTANT LAW WAS PASSED TODAY
OOTW: HERE IS THE SUMMATION FROM THE BOTTOM TEXT OF THE LAW - POSTED AT PARLIAMENT SITE
OOTW: The reasons For the purpose of unifying the management of border crossings and to ensure the proper application of laws and regulations governing the work of government departments so as to ensure the smooth flow of work and the achievement of the entry of people and goods and to raise the level of service and show where the border crossing points in the proper manner as interface Iraq.
OOTW: THIS LAW GOVERNS REGULATIONS/LEGALITY OF PEOPLE AND GOODS CROSSING AT BORDERS
OOTW: IT PROVIDES REGULATIONS AND PROTECTIONS (IN FAVOR OF THE GOVT)
OOTW: AT FIRST GLANCE THIS SEEMS TO WORK IN CONJUNCTION WITH ALLLLLLLL BORDER CROSSING POINTS , ALLOWING GOVT OVERSIGHTS AND SUPERVISION OF THESE BORDER CROSSING POINTS,
INCLUDING MONITORING OF WHO AND WHAT IS CROSSING OVER BORDERS AND WHY - IN THIS LAW IT IS STATED THAT THE COM IS GIVEN IMMEDIATE JURISDICTION OVER THESE REGS
OOTW: AND HERE IS THIS IN CONJUNCTION , FROM THE CUSTOMS SITE
OOTW: Workshop (Alastairatejah importance of Statistics in proper planning) [list=none] [*]latest news [/list] On 28.08.2016 it was held a workshop for the Department of Planning and Follow-up on the subject (the importance of statistics in Alastairatejah sound planning)
The presence of the Director General of the General Authority for Customs professor Kazem Ali Abdullah and Deputy Director - General of the administrative arrows Mr. Hussein Younis and gentlemen , the centers ' directors in the areas of customs and the staff of Department of Statistics in the areas and border posts in the meeting room in the office of the Authority .
OOTW: Sovereignty and emphasized the importance of statistical data that is provided with the face and provide a new mechanism for counting by the Planning Department in the Commission and in cooperation with the competent authorities of the centers planned by a section of the border crossing points.
OOTW: Sovereignty has been discussed with the attendees obstacles statistical work and planning at the General Authority for Customs and including interest clearly the data included in the statistical tables and the need to consolidate the figures, which are given to the body of the centers and directorates between sections of planning and follow-up the Finance Department and the Department of the electronic calculator in the office of the Authority and work to find solutions to these obstacles . Sovereignty has recommended the following: -
OOTW: 1. coordination with the Department of calculators in the number of new and unified business formula.
OOTW: 2. The need to supplement border posts Bohsaiaan or university degree shall prepare and full of statistical tables.
OOTW: 3. determine the fixed time period for providing the information to the Department of Planning and Follow-up director of the center and will be directly responsible for Msadeghih information.
OOTW: In conclusion, he thanked Mr. Director-General of the attendees and stressed the need to intensify efforts to improve and develop the reality of work Alkmarki.
OOTW: FROM MY RESEARCH OVER THE YEARS ALKMARKI CAN MEAN CUSTOMS
OOTW: SEEING THIS IS DEFINITE GOOD NEWS RE IMPLEMENTATION OF CUSTOMS REGULATIONS
OOTW: FOR GOODS AND PEOPLE CROSSING ALL IRAQI BORDERS
OOTW: WE WANT TO SEE THIS - WE HAVE SEEN SO LITTLE LEGISLATION ENACTED OVERSEEING CUSTOMS
OOTW: IRAQ IS DOING QUITE A BIT IN THE PAST FEW MONTHS TO APPEASE THEIR LENDERS (IMF WB, ETC)
OOTW: ALSO THIS WOULD BE A REQUIREMENT FOR THE WTO
OOTW: ALL REALLY GREAT NEWS
OOTW: REMEMBER THAT IN EARLY JULY IRAQ PARTICIPATED IN A TRAINING COURSE AT THE WTO
OOTW: ACCDNG TO THE WTO SITE, THERE IS A NOTE WHICH HAS BEEN POSTED TO THE IRAQI FILE, BUT TO DATE, THE CONTENTS ARE STILL UNABLE TO BE READ
OOTW: THAT WAS ADDED IN EARLY JUNE AND COULD BE ABOUT ANYTHING
OOTW: I CONTINUALLY MONITOR THE WTO SITE FOR SUCH ADDITIONS AND WILL KEEP EVERYONE POSTED, SHOULD I FIND SOMETHING ABLE TO BE VALIDATED AND PERTAINING TO IRAQ' ACCESSION
OOTW: HERES AN ART FROM THE MOTRANS SITE
OOTW: The National Committee was held to facilitate transport and trade its twelfth meeting chaired by the Minister of Transport Kazem cup erythema, on Monday and attend a gentlemen deputy ministers and heads of private sector associations representatives of the Commission, Minister of Transport confirmed that the work of this committee is very important as a large number of representatives of Iraqi ministries and the private sector in the country,
and today we are in front of a big responsibility for the advancement of transportation and trade sector through an integrated unified vision and goals to break a number of resolutions and recommendations that will change the economic and commercial reality and considered Iraq attractive environment for investment ,
especially that there are large projects need continuous work and efforts. the Committee also discussed at the meeting the march of its work since the beginning of its formation in 2013 to the current period and research in the future prospects in the development and revitalization of its work and follow the directives and decisions of the previous Commission in order to be activated and working to revitalize the site Iraq 's strategic and overcome obstacles to Iraqi traders and foreigners by granting them the necessary facilities in order to strengthen the economic and commercial traffic. Posted By: Site Manager | Date: 29-08-2016 |