Millionday: since last June, oil has lost almost half its price, at a time when OPEC refuses to back down from its position of reducing production to ease the glut of oil supply and wrote a lot about this dramatic decline and raised scenarios and different ideas to deal with the repercussions of a downward movement which caused extensive damage to the economies of several countries, including Iraq, which is almost entirely dependent economy on oil.
Millionday: NOTE -- WE HAVE READ A REPORT THAT STATED WE SHOULD EXPECT IT TO LAST AT LEAST SIX MONTHS SO WE WILL JUST HAVE TO CHECK ON IT EVERY SO OFTEN THIS YEAR
Millionday: and perhaps determine the price of a barrel global oil for adoption in drawing the budget year 2015 highlighted the challenges faced by economists because the global price of crude did not settle yet to a certain extent while sources predicted the price of the bottom of the range of $ 35 crude barrel and $ 40 per barrel of Brent.
Millionday: NOTE -- YEARS AGO WHEN SOME OF US BUT CERTAINLY WHEN ROBIN I WERE HERE –
THERE WERE STATEMENTS MADE THAT I DONT HAVE IN INK ANYMORE AT MY FINGER TIPS ANYWAY THAT THE US OF A AND CHINA MADE AGREEMENTS TO ONLY ASK FOR 32$ PER BARREL FOR SIX MONTHS TO A YEAR WHEN THEY ENTERED THE MARKET ECONOMY
BUT WE DONT HAVE INK ON IT SO I WILLL JUST CALLL THAT A RUMOR WE REMEMBER WITHOUT INK
Millionday: NOTE -- THIS REPORT IS THE EXPLANATION AND CALL FOR THE REALITY OF THE IRAI BUDGET TO BE APPLIED AND THE INFO CONCERNING IT
Millionday: in this context oil expert Hamza jeweler said in a seminar organized by the progress of policy development institute:
Achieving price of 60 dollars which have been prepared in the budget Kan can not be universally achieved over the next two years to the presence of large amounts of oil stored in giant tankers at sea allows speculators and owners of international companies use to influence Saralnaft and thus achieve the goals fabricated for it this crisis, which is different from its predecessors from the crises of the the world.
Millionday: NOTE -- OPEC IS HOLDING THE PRICE AT A VERY LOW PRICE THAT WE HAVENT SEEN IN YEARS
AND CERTAINLY THE COUNTRIES THAT ARE OUR WORLD`S LARGEST PRODUCERS HAVENT SEEN THIS IS IN A VERY LONG TIME EITHER
Millionday: and explained that this crisis aims to expel producers nontraditional from the scene who influenced a lot in the production of OPEC members, noting producers to produce 14 million barrels a day.
He stressed that the world needs today to 91 million barrels of oil a day, with total OPEC production 30 million barrels per day, while inventories in the sea up to 200 million barrels are purchased at low prices to be sold later.
He predicted that the re-oil prices to rise in 2016 to range between $ 55-60 per barrel, pointing out that Iraq aspires to reach for the production of 9 million barrels per day to compensate for the lower price, but
Millionday: NOTE -- A MARKET ECONOMY DEFINES AS A MARKET RUN BY SUPPLY AND DEMAND –
THEY HAVE DECIIDED THEY SHOULD RAISE THE SUPPLY TO COVER THE ECONOMUC DIFFERENCE
Millionday: NOTE -- REMEMBER THAT THIS REPORT IS ABOUT THE REALITY OF THE BUDGET PRICING AND ITS MOVE TO LAW
Millionday: NOT JUST OIL
Millionday: the problem - according to the jeweler - is that the quantities currently producing up to (2.75) million barrels per day from the southern fields in Basra for the remainder of the 550 thousand barrels that have been agreed upon with the Kurdistan Regional mortgage security
and technical conditions that may not allow their production at the moment .. calling for the need to prepare the reality of the budget if it would be possible to deal with it in accordance with the conditions and prices.
Millionday: NOTE -- THE CALL TO MOVE FORWARD IF THE PRICING IS READY AND IF THE CONDITION IS ACCEPTABLE
Millionday: economist and agent of former Ministry of Planning Behnam Elias Peter is also talked about the budget exciting number of observations on them ..
revealing The effect on the total budget level ranges between (72-81) percent at a rate of 76 percent, leaving a deficit or surplus is a stable trend over the years (2010-2013).
Millionday: and called for a review of the budget through the preparation of in-depth studies on the potential Available available in non-oil activities and try to develop in order to be possible to create alternatives in light of expectations constantly deteriorating oil prices,
which will not exceed 60 dollars in the event of recovery. He stressed the need to develop a long-term strategy takes into account the internal matters and external relations and alliances to serve as a road map for the future.
Millionday: NOTE -- THEY ARE MAKING LAST MINUTE CHECKS THAT THE OTHER MARKETS THEY HAVE WITHIN THE GDP% ARE ADDING UP TO WHAT THEY NEED IN ORDER TO APPLY THE OPERATIONAL BUDGET FOR IRAQ DUE TO THE HUGE DROP
Millionday: Various ministries and state institutions to prepare systematic studies to serve as a guide when approving the budget and leave the style of bargaining currently approved in the budget preparation. .,
demanding the formation of a working group following the implementation of the budget every month according to the economic and financial indicators fixed and known then move to the programs budget.
to the oil minister of the UAE Suhail bin Mohammed Al Mazrui said on Tuesday that OPEC will not change its strategy for the production of oil and ruled out any sudden rebound in prices occurs.
Millionday: NOTE -- TUESDAY IS THE DAY THAT THEY WILL BE COMPLETE WITH THE BUDGET
AND THURSDAY THE WORKING MONITORING COMMITTEE WILL BEGIN WORK TO MONITOR ALL PORTIONS OF THE BUDGET
AND ALL ACCOUNTS SO NO MISTAKES AND OF COURSE FRAUD DOES NOT TAKE PLACE UNDER THEIR NOSE WITHOUT AUDITED AND VERIFIED FOR SUCCESS AS THEY BEGIN
Millionday: Mazrui said that it is unlikely to see a sudden increase - will take time. "It will be up to what we will see in the current quarter and the next. The first half of 2015 will give us more data to predict what will happen."
Mazrui said the oil market "will take time to settle down. But Do you take two or three years? It depends on the rationality of producers. "
Millionday: SO AS WE SEE HERE THEY EXPECT THAT THE FIRST TWO QUARTERS WILL GIVE THEM THE DATA TO SHOW THAT THE FIGURES AND THE MARKET AT ITS PRICING AND THEY ALSO SAID SOMETHING EXCITING :::
Millionday: THEY ARE WONDERING HOW LONG WILL IT TAKE TO SETTLE DOWN DUE TO THE ENTRY OF THE LOW PRICES OF OIL AND THE BUDGET AS WELL ---
WHICH WOULD SEEM AS THOUGH THEY ARE REFERING TO SOME TYPE OF CHANGE SO WE WILL WATCH THE INK AS WELL – SMILE
Millionday: Securities Commission said that there is a change in the ratio of public trading market for the Iraq Stock Exchange index compared to the former was yesterday by 0.96 points.
The head of the d. Abdul-Razzaq al-Saadi said in an interview for "morning": that registration rates change in the general index of the stock exchange is normal, pointing out that trading foreign volume exceeded the 1.05 million shares.
He said the daily bulletin of the trading of shares of joint stock companies I mentioned shares of 9 companies and lower 23 Company settled with shares of 7 companies, pointing to the conclusion of 410 contracts. He noted that the bulletin also included a chip companies that have spearheaded by City Games Karkh Company and United Bank, also included a newsletter loss-making companies and led by Astarushrkh sewing modern hotel company.
Millionday: SO THE SECURITIES COMMISSION CONCLUDED 410 CONTRACTS
Millionday: THEY HAVE STATED THEY ARE RAISING THE PRUCHASING POWER OF THE DINAR AND THEY ALSO SHOWED IN A REPORT IN ROUNDTABLE THAT THEY HAVE SHIPPED CURRENCY IN BOXES TO KURDISTAN –
THE AMOUNT THEY STATED THEY WERE SENDING TO KURDISTAN WOULD HAVE BEEN WIRED BY DTATA ENTRY THAT IS COMPLETE YOU WOULD THINK – WINK
Millionday: With all eyes toward the parliament, to approve the state budget law, which awaits everyone to its importance, parliamentarians stressed that the current legislative term will read a set of laws "mission" and eventually passed.
laws that are expected to see the light soon, will relate to matters organizational work of the ministries and state institutions, and the other is hoped them to contribute to improving the living conditions of citizens and connected with his life
Aleomah.oukal MP for the coalition of "state law" Ammar al-Shibli, told the "morning":
Millionday: NOTE -- THE LAWS THAT ARE EXPECTED TO BE PASSED ON TUESDAY AND THURSDAY ARE WHAT THEY ARE REFERING TO RIGHT HERE
Millionday: NOTE -- ALL OF THE ASSIGNING OF THE MINISTERS WORK REQUIRED PER DEAPRTMENT--AND ALL STATE INSTITUTIONS
Millionday: "The priorities of the House of Representatives lies in the adoption of important laws that affect life of the community, including those that help expand community-based care base, as well as another package moving parallel to the budget.
"He added," Among those laws that await ratification soon, retirement law, social security and other terms of organizing work parties "law, calling for political blocs and the Presidency of the Parliament for "the creation of a suitable ground to pass this important legislation."
For his part, MP for the mass "citizen," Mohammed al-Tai, explained that there are directions inside the legislative institution "to pass important laws that will raise the standard of living of the status of the citizen
Millionday: NOTE -- THE MOST IMPORTANT LAWS ARE THE ONES THAT MUST BE IN PLACE TO GO WITH THE BUDGET AND THE DISTRIBUTION OF FUNDS/BENEFITS FOR THE CITIZENS AND THE COST OF LIVING –
SO IF YOU ARE RIGHT DINAR DAVE -- THE LAWS THAT HAVE TO DO WITH THE NEW PRICING INDEX FOR THE COUNTRY AND THE MONETARY POLICY REFLECTIONS
Millionday: NOTE -- THE SOCIAL LAW IS THE SOCIAL SECURITY ETC FOR THE FUNDS NEEDED TO LIVE FOR SOME
Millionday: He added, "The social law has an important role in the lives of citizens, and it became a candidate to the Presidency progress of these laws on the other awaited laws for inclusion on the agenda of the parliament agenda in the period ahead."
In context, the MP for the Bloc, "competencies" Haitham al-Jubouri , "The next important stage in terms of the adoption of laws, where it is hoped that the experience modification pension law and the ratification of the social network law,
in addition to the National Guard Law and parties." He added, "The Presidency invited to support social laws that contribute to assist the public in terms of form and content, shrinking the gap between him and the administrator. "
Millionday: SO THIS IS MEANING THAT THE MONEY FOR ALL LAWS WILL BE THE MOST IMPORTANT ON THE PRIORITY LIST THEY TOLD US THEY HAVE MADE AND THE GOVERNMENT PROGRAMS WILL BE PRINTED AS WE KNOW THEY WERE PASSED WHEN THE GOVERNMENT WAS PASSED THAT DAY WE ALL WATCHED IT
Millionday: THE LAST ONE I CANT COPY
Millionday: IT IS THAT THEY ARE WAITING TOMORROW WHICH IS NOW THE ARRIVAL OF BAXES OF CURRENCY -- PAPER CURRENCY IRAQI DINAR
Millionday: IRAQ HAS A HUGE DELEGATION THAT WILL BE IN WASHINGTON ON THE 18TH OF JANUARY
Millionday: SO THERE WE HAVE IT -- ALL GREAT NEWS AND IT LOOKS LIKE WE HAVE A LOT GOING ON IN IRAQ BUT THINK OF THIS