Morning News Comments 03/21/2015
Rafidain Bank launches SMS service for reporting on the date of disbursement of pensions
[tlm724] "in coordination with the global smart card agreed with Zain Telecom to follow a specific mechanism to inform retirees about the date of their salaries through sms text messages.
[tlm724] He stressed that "this move comes in the context of easing the burden on retirees.
[tlm724] so they will get a message on their phones when the funds are ready and loaded on their smart cards , perfect !
[tlm724] Iraq is electronic *hallelujah* no cash !
Minister of Labour and announce the formation of a committee of the various departments of the Ministry to assess the human reality of the liberated areas
[tlm724] "the ministry began to implement measures of the new Law on Social Protection with a study on how to get to eligible real social protection, as well as loans for hot areas.
[tlm724] the ministry is seeking to apply the new Law on Social Protection in the provinces which suffered terrorist Daash violations, as well as the granting of loans and grades and activation of the Ministry's departments in those provinces "
[tlm724] nice, loans !
Industrial Bank in Diwaniya opening
[tlm724] Diwaniya Provincial Council declared open an industrial bank branch is the first of its kind in the province. *hallelujah*
[tlm724] "the province agreed with the general director of the bank industry to industrialists and owners of laboratory service to provide loans and advances and help them, as well as for those who Iromon open new factories in the province.
[tlm724] will ya look at that ! that looks just like a free market to me, step by step
[tlm724] loans and advances and factories and jobs !
[tlm724] , a new sign of good trickle down to all the people of Diwaniya.
Oil Minister: discussions with the Kurdistan ongoing and we expect the arrival of exports to three million barrels per day
[tlm724] , continued talks with the Kurdistan region on the oil agreement, and pointed out that the province intends to increase its exports and delivered mostly to the central government, with the expected arrival of Iraq's exports during the current month to three million barrels per day.
[tlm724] province intends to increase its exports and delivered mostly to the central government,
[tlm724] oh that is good news !
[tlm724] and the contrast with the central government's sincere intention to cover many of the benefits the region and is suitable for the current financial situation in the country,"
[tlm724] this really is good stuff and it's coming from the oil minister Wink they are working together ! They have everything to gain in resolving this and the more oil they pump the less these low prices will hurt .
Jones: US firms wary of entering the Iraqi market due to security
[tlm724] US ambassador to Iraq, Stuart Jones, on Saturday, the concern of the country's companies to enter the domestic market and the implementation of investment projects, and attributed the cause to "the security situation and the nature of the business environment in Iraq
[tlm724] The excluded the oil companies of those concerns, pointed out that the bank branch "Citigroup" in Baghdad continues to work and is a "profitable investment.
[tlm724] the intent of the other US banks work in Iraq in the future, Jones stressed that "it is related departments of those banks," pointing to "the lack of formal or fixed timings on it yet."
[tlm724] I think if they can get the investment law passed there will be many US companies coming into Iraq, why wouldn't they ?
[tlm724] and the banks well that just makes me smile Very Happy and ya know coming from the US Ambassador this is a loud message to Iraq to get things right for investment
Parliamentary Finance: Iraq has lost four billion dollars over the past two months
[tlm724] Parliamentary Finance: Iraq has lost four billion dollars over the past two months
[tlm724] 4 billion $ in 2 months !
[tlm724] the non-arrival of the production and export of crude oil during the months of January and February to the planned figure in the 2015 budget caused a financial loss estimated at more than 4 billion dollars
[tlm724] "the need for the Oil Ministry to increase exports to the planned ceiling him within the budget, amounting to 3 million and 300 thousand barrels of oil per day
[tlm724] we just read where he expects 3 mbpd anythime now
Welcome UN Baghdad send $ 420 million to Kurdistan and call for the implementation of the oil agreement
[tlm724] UN Baghdad send $ 420 million to Kurdistan and call for the implementation of the oil agreement *hallelujah*
[tlm724] calling on both parties to proceed with the implementation of the oil agreement
[tlm724] the 'transfer of funds this done by the central government to the Kurdistan Regional Government, confirms that both sides are committed to the implementation of the oil agreement
[tlm724] nice lil shove by the UN
Economic Analyst: No fear of people monopoly of government bonds and the most important is the extent of the turnout
[tlm724] we need to buy these bonds by others because the content of sovereign debt and there is no problem in the purchase by the parties or persons designated price difference in the purchase, sale and will be part of the interest which is like putting money in the bank and take out the benefits
[tlm724] And indicative that the launch of the bond "is to diversify the basket revive the economy and several of these economic trends Valray not fixed but it remains the most important question is the extent of Iqbal citizen or banks to buy these bonds?
[tlm724] for government bonds will start talks with Citibank and Deutsche Bank tomorrow [today],
[tlm724] referring to the two banks, which Fodthma Baghdad to advise on the deal
[tlm724] happy they are there to hold Iraqs hand, don't screw this up boys lol
The launch of the project to strengthen investments in Iraq
[tlm724] thank you Rocky !
[tlm724] that the project "Strengthening the investment that has been done by a grant from the Italian government and with technical support from the International Organization for Industrial Development will work on the development of industrial zones in the the country in order to eliminate the high rates of unemployment and achieve a quantum leap in economic growth rates
[tlm724] UNITED NATIONS INDUTRIAL DEVELOPMENT ORGANIZATION
[tlm724] UNIDO is a specialized agency of the United Nations on industrial development, which promotes productive activities to reduce the income poverty and contributes to environment friendly technology of industrial production. UNIDO has 173 member-states as of 11 December 2008.
Statistical activities of UNIDO are aimed to facilitate the economic research on contemporary issues of industrial development in support of the overall mandate of the Organization in UN system.
[tlm724] the International Organization for Industrial Development will work on the development of industrial zones in the the country in order to eliminate the high rates of unemployment and achieve a quantum leap in economic growth rates
[tlm724] [tlm724] achieve a quantum leap in economic growth rates Very Happy
[tlm724] that the focus will be on the activation of industries needed by the local market formula in line with the economic openness that aspire country's policy
[tlm724] how sweet is that ?
[tlm724] that the ministry will submit the project to the Cabinet for approval and take for completing the legislative and executive measures to the vocabulary of the recommendations
[tlm724] He pointed out that The first operational step of the project will address the industrial zones law with the formation of a higher committee at the Ministry of Industry and Minerals, noting that he will self-financing system that does not cost the government money.
[tlm724] noting that he will self-financing system that does not cost the government money. *hallelujah* to the free market