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Wealthwatch Saturday OOTW Chat 01-02-16 Part 2 of 2
OOTW: Stressed the economic and investment commission in Parliament member Abdul Karim al-Naqib said there is an initiative by the central bank to revive the private sector . Capt. In an interview with the program "now," which aired "channel direction," he said the Iraqi Central Bank provided $ 5 trillion dinars to support housing, industry and agriculture projects .
He said that Capt. This step is important in the activation of the private sector. Indicating that the private sector has suffered in the previous period of neglect and marginalization of the cycle in economic development in Iraq .
Added member of the committee that in 2016 the budget was the deletion of the financial allocations of the unions being able to finance itself and because of the shortfall in the budget .
The Central Bank of Iraq announced, in (7 September 2015), for the launch of the largest start funding for lending programs in Iraq, noting that they belong to the financing of industrial, agricultural and housing sectors also supports small and medium enterprises and revitalizing the Iraqi economy.
OOTW: C'MON IRAQ....GET YOUR PRIVATE SECTOR GOING - YOU KNOW YOU NEED IT
OOTW: Islamic Conference will be held in Baghdad at the end of next month
OOTW: Predicted by the National Alliance Abbas al-Bayati said the conference the Union of Islamic Parliaments in Iraq next month. In an interview with al-Bayati, "the trend Press," said that the end of the first month of next year is the deadline for the convening of this conference league. Indicating a corrosive meeting of the Union of Islamic Parliaments was in Istanbul.
He said al-Bayati said the General Secretariat of the Union of radio developed a schedule for the conference but the conference to be held in Baghdad had been voted on and we have received assurances from participating convening of the conference on time countries.
He said al-Bayati said the conference will focus on the themes of the spread of the phenomenon of terrorism and how to fight terrorism and defend the image of Islam which tarnished by the likes of terrorist Mahamaa Daash and others.
It is said that the Parliamentary Union of the Member States of the Organization of the Islamic Conference grew up in the constituent conference held in Tehran on June 17, 1999 m, and the permanent headquarters in Tehran, the capital of the Islamic Republic of Iran.
A parliamentary organization, composed of people representing the parliaments of Islamic countries as members, and international and regional organizations and parliamentary councils girlfriend as an observer.
OOTW: THESE MEETINGS OF THE ARAB INTERPARLIAMENTARY UNION ARE TYPICALLY PRECURSOR'S TO WORLD INTERPARLIAMENTARY UNION MEETINGS
OOTW: THEY COMPRISE DISCUSSIONS ON EVERY FACTION OF GOVT - HUMANITARIAN ISSUES, ECONOMY, LAWS, ETC - AS WELL AS WORLD ORGANIZATION AGREEMENTS BETWEEN / WITH EACH COUNTRY
OOTW: INCL WB IMF WTO ETC
OOTW: WE HAVE REPORTED ON THIS IN RECENT PAST HERE IS MORE INFO
OOTW: ObjectivesThe statutes specified the AIPU's objectives as follows: Strengthening contacts and promoting dialogue among Arab parliaments and Arab parliamentarians to the effect of coordinating Arab Parliamentary activities, uniting them all in joint action in various fields, and exchanging legislative experience; Coordinating the activities of Arab parliaments on various international forums,
and with different regional organizations, particularly within the framework of the Inter-Parliamentary Union; Discussing the common Arab causes , on both the Pan Arab and the international levels, and the adoption of resolutions and recommendations in this connection;
Work for enhancing the democratic concepts and values in the Arab countries; Work for the coordination and unification of legislation in the Arab Countries; Consolidating cooperation among peoples of the world for the establishment of peace based on justice.
OOTW: THERE IS MUCH INFORMATION ON THIS IN OUR IRAN THREAD, BECAUSE ABOUT A COUPLE MONTHS BACK, JOBOURI ANNOUNCED THAT THE IRAQI GOVT REPS WOULD BE IN ATTENDANCE AT THIS MEETING, WHILE HE WAS VISITING TEHRAN
OOTW: YOU WILL SEE IN THIS THREAD RELATED INFORMATION ON WTO MEETINGS - THIS IS A VERY INTERESTING THREAD
chattels: Ebadi, an adviser to describe the budget in 2016 as the "stimulus austerity" and an expert on the success of government bonds pledged international support
chattels: " Saleh: 2016 austerity budget but motivational ....... " chattels: ????????
chattels: "The talk of a recession in Iraq is a foregone conclusion," attributing it to "financial crisis plaguing the country." Saleh added, that "the manifestations of the economic recession in Iraq is clear, from the high unemployment which reached 28 per percent, "denying" the existence of inflation in Iraq, although as the rate amounting to two percent, the lowest in its history. "
chattels: " ................ inflation in Iraq, although as the rate amounting to two percent, the lowest in its history. " chattels: wealthwatch.world/showthr...
OOTW: BS OOTW: LOL
chattels: ‹@OOTW› :)
chattels: " The government is striving for the success of the financial plan in the next 2016 budget." Expert: the success of the bond depends on the support of the International Monetary Fund .................. "
OOTW: HMMMM SO WHAT'S THE IMF GOING TO DO....GET THEIR SOVEREING CREDIT RATING OF B- "FIXED"?
chattels: Being broke can be motivating I suppose .......................... :)
OOTW: HA WE'LL SEE
OOTW: SOMETHING'S GOTTA GIVE
Doug_W: the big Q is WHEN ootw?
OOTW: YES I KNOW DOUG....AGAIN THE 2016 BUDGET STATES THIS RE THE TARIFFS
OOTW: A – Imposed sales tax shall continue on mobile phone cards and internet networks by 20% of the cards value, and the imposition a lump sum Airport Tax of 25,000IQ for each ticket in all Iraqi airports (External Travel) and collected taxation shall be returned to the Public Treasury to be implemented in light of the regulations in force.
B – A Sales tax shall be levied on imported goods in accordance with the following table, (and shall accordingly work until Law of Customs Tariff comes into force): Final Iraq Budget 2016 23 Article Tax rate Notes 1 All kinds of cars 5% Levied at registration in transportation departments 2 Tobacco and Cigars 100% Collected from the General Commission for Taxes 3 Alcoholic beverages 100% Collected from the General Commission for Taxes C –
The amended Customs Tariff Law No. 22 for 2010 shall be activated, in addition to Consumer Protection Act No.1 for 2010 and Iraqi Products Protection Act No.11 for 2010 to be implemented on all Iraqi border points to accomplish justice.
OOTW: "UNTIL LAW OF CUSTOMS TARIFF COMES INTO FORCE"
OOTW: THEY WILL BE KEEPING THE TAXATION OF LUXURY ITEMS GOING UNTIL THEY IMPLEMENT THE TARIFFS
OOTW: TWELVE MONTHS IN 2016 - I HAVE TO FALL BACK ON THE LITERAL/LANGUAGE
OOTW: WE MAY SEE SOME INTERESTING INFORMATION COMING FROM THE CBI, AFTER THIS WEEKEND, AND I HOPE (AS WELL) AT ALL SITES WHICH STATE CUSTOMS/TARIFFS INFO
chattels: Three presidencies form a higher committee for reconciliation pave the way for "post-Daash" does not exclude opponents of the political process
chattels: 00:01:04 2016-01-03 | (Voice of Iraq) - Baghdad revealed presidency for the formation of "higher committee" for national reconciliation agreed to form three presidencies in the last of her meetings. The Committee emphasizes that it will provide a vision for reconciliation and described as "deeper and wider" than throughput of official circles over the past years.
The Committee emphasizes that reconciliation conference, under the auspices of the three presidencies, will invite opposition figures to the government and the political process in preparation for the post-Daash. It talks about the need to "Mtbuniat new ideas", fit in with the challenges facing the country.
The Supreme Committee for national reconciliation and began its issuance Diwani it in the hope that submit its final report to the three presidencies in the thirteenth of this month. consisting of the Supreme Committee for national reconciliation of the cult and Qahtan al-Jubouri, as representatives of the Presidency of the Republic,
and Khalil scary al-Rubaie, Jaafar Abdul-Zahra al-Husseini as representatives of the prime minister, and Jaber Al Jabri and Adli Mohamed Abdel as representatives of the Presidency of the Council of Representatives .
chattels: The Committee emphasizes that reconciliation conference, under the auspices of the three presidencies, will invite opposition figures to the government and the political process in preparation for the post-Daash.
chattels: The Supreme Committee for national reconciliation and began its issuance Diwani it in the hope that submit its final report to the three presidencies in the thirteenth of this month.
chattels: Qahtan al-Jubouri, as representatives of the Presidency of the Republic, and Khalil scary al-Rubaie, Jaafar Abdul-Zahra al-Husseini as representatives of the prime minister, and Jaber Al Jabri and Adli Mohamed Abdel as representatives of the Presidency of the Council of Representatives .
chattels: " ........... the thirteenth of this month."
chattels: " ......... submit its final report ..........."
chattels: " .............. reconciliation conference, ............... "
chattels: committee, report, conference, ...................... a process ......................., IMO
chattels: of course Iraq has been contemplating " national reconciliation " since 2003
chattels: and still waiting on a HCL and implementation of Article 140, etc. ......................
chattels: Much ado over the execution of the Shia cleric in Saudi Arabia. Kurdish activist are executed frequently by Iran with little media attention.
chattels: Kurds are bombed by Turkey in Kurdistan with not much mention of the sacredness of Iraqi sovereignty.
chattels: 1-2-2016 Newshound Guru Kaperoni No matter how you look at it, Iraq cannot make it another year without currency reform. The numbers make it impossible.
So as we said in Oct, the remaining 3 months would be important, the next few months of 2016 are just as important, if not more so. Iraq has worked (or lack there of) themselves in a corner and they either launch the market economy, currency reform and create businesses and jobs or fail and go broke. …the government is shut down, and nothing will be posted until Sunday when it opens back up.
I do expect something since the CBI came out and said so in there statement which clearly said..."Decides to re-evaluate these investment shares at the beginning of 2016.."
What that means or how it effects us, we will have to wait and see. But something will happen. As for the how many times have we heard this before? That is not necessary true, yes we have said so, but never like this. …I cannot recall ever stating the CBI is going broke, or the reserves are diminishing.
These are not opinions, but fact. And many of the worlds experts have also concurred. So until Iraq gets this market economy moving, and initiates currency reform (which IMO includes Article VIII) they will continues to be in this predicament. The only solution to the problem is to bring the world's money to Iraq.
chattels: It appears that Kaperoni is saying that matters are so bad that something must and will be done in the area of currency reform.
chattels: I wonder and doubt, but I will be pleased by any pleasant surprise.
chattels: Hardly the preferred posture presented by Shabbibi, but no doubt there are a number of scenarios which may lend itself to or militate in favor of our liquidity event and we have never known the recipe(s) with any certainty
chattels: None of us much care how IT happens, only that IT does, eh ? !
Abraham: ‹@chattels› Good to see you. Wish you every Blessing in 2016
chattels: ‹@Abraham› ge
chattels: Peace and prosperity for us all, eh ?
Abraham: ‹@chattels› Amen
Abraham: It will be an interesting year on many fronts for sure
OOTW: I AGREE CHATTELS..BECAUSE THEY "MUST" DOESN'T MEAN THEY WILL
RVPlease: If they dont... and soon..... burn the ** stuff.... it smells good on fire