aggiedad77 » December 11th, 2014, 11:26 am
Thursday News Summaries and Commentaries
Some interesting news overnight and into this morning.....just a word of caution Family, be very wary of what you read, especially from social media sources...there is absolutely no way to prove or disprove the validity of what is being said there....and there are those who thrive on turning the world upside down with disinformation of all kinds......
IMO...the same can be said of many news sources from around the world.....they are in business today more so than ever to simple sell a product, a news story.....and they don't always do their homework....
This is why I tend not to put a great deal of stock in a single news story without some substantiation from at least one other source.....anyone can say anything at any given time.....keep that in the back of your mind.
TV: Rafidain Bank in Dhi Qar confirms that the introduction of ATM depends Ptsfir currency
Ok....what do you see here.....certainly no news that is coming from the CBI.....the Rafidain Bank....not the main bank in Baghdad but a branch bank in the Dhi Qar making an alleged statement about 000's......tying it to the idea that the IQD suffers from inflation.....wow...this came out of nowhere....and it will probably disappear into nowhere the same way.....the CBI has told us the currency is strong......that the CBI could support any level of revalue.....doesn't sound like a currency rife with inflation to me.....JMO.
Iraq and Kuwait discuss joint economic Files
Lots of backslapping and smiling going on here.....support for joint bilateral economic efforts between the two countries.....IMO...the biggest positive out of this is that the two countries are definitely opening up and finally warming up to each other.....I believe this is now serious business instead of just lip service that we saw with the old government.
Assurances parliamentary passage of the budget in the coming days
"In the coming days"....."in two days"....."next week".......are they working on a budget for 2015....you betcha.....are they ready to show us the budget....I doubt it.....maybe the "next week" scenario works.....after the Cabinet meets next Tuesday in their regular meeting......will the Parliament suddenly grow wings and get this budget approved before the end of the year.....possible....they have proven they are capable I think....time will tell.....in reality though, this article hasn't told us anything we didn't already know.
Rubaie of "foreign investors in Iraq," a meeting in Dubai: a future government on large-scale changes in the investment law
Iraqi government is seen as attempting to encourage foreign investors to come to Iraq.....they are offering large scale changes in their investment laws....something that we knew was being worked on by Abadi and his government forces....a good thing.....taking care of issues around security, political, and economic concerns....but probably the biggest of all is corruption...all are being addressed by Abadi as he promised he would.....this has to shine a positive light in the eyes of potential investors.
Abdul-Mahdi: Now the Real Work Begins
This is an OPINION piece by one author....nothing more....nothing less.....he appears to have captured the Oil Minister Mahdi at a hotel and got an interview.....certainly a "painting" of favorable nature for Mahdi.....but then they are long time friends.....there was mention of the pending deal with the Kurds....then just hours or days later we see evidence of a deal being reached....
look back in your notes.....probably heard of this agreement even before this meeting on Dec 1 via your CC's....this will definitely be seen as a win-win for Baghdad and Erbil.....
Turkey will also be a winner in the final outcome as well IMO.....the Kurd and Kirkuk oil will flow through Turkey at a price of course....as for the Russian piece....huff and puff....will need to watch how that angle evolves over time.....
I still contend the deal cut with the Kurds is not the HCL....it is the forerunner to the HCL I believe, laying the serious groundwork for it....but until we see print from the Gazette.....we don't have the HCL.
Parliamentary power: the government exchange for the full amount of the petro-dollar historic opportunity for the oil-producing provinces
The COM is not stupid, they know the Iraqi people are waiting to see what happens with the famous petrodollar stemming from the sale of all the oil from Iraq for 2014.....do not forget the people.....I believe Abadi is well aware of this and as we see evidence here, intends on seeing the people getting paid.....give the people what is due them.
Cabinet Secretariat directed the transfer of ownership of the "plane-Maliki" to Airlines
Slowly but surely Maliki is being stripped.....stripped of what he has accumulated....what he professes to own.....I believe that we will soon see him being stripped of his rights as an Iraqi citizen.......he will be made to pay for his wrong doings and they amount to a great deal.....he can hide under the coattail of the President of Iraq only for so long.
Economic expert warns the government of manipulating stocks, Central Bank
Another "economic expert" surfaces in Iraq warning of impending doom should the government attempt to do what it shouldn't....make use of reserve funds from the CBI......this government of all governments appears to fully understand right from wrong....that cannot be said for the previous government.....again...this is NOT the CBI talking....they have assured the Iraqi people that their reserves are strong despite the terrorist activities in Iraq....despite the issues that are surfacing with the price of oil.....be wary of what you read.
A delegation from the Saudi foreign visit Baghdad to choose the embassy site
Today we see old wounds being healed....instead of sand and salt being pounded into them as we saw from the old government....amends are underway....the Saudi's will be looking for real estate in Iraq again for their new embassy office.
Well a tidbit of news and opinions surrounding the news print......it is a slow time in Iraq at the moment it seems....as Frank said they will say little to NOTHING....for December....and thus far are proving to be correct about that. Enjoy.....may be back with more later. Aloha Randy