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MadDScout & Company News Time - 3-30-17 Part 3 of 3
MadDScout says():Dhi Qar province is going to invest Nasiriyah airport and establish a free zone
30/3/2017 The number of readings: 163 - Issue (3889) Baghdad
While the administration of the province of Dhi Qar to launch the airport of Nasiriyah, which opened on the tenth of March, to invest and establish a free zone in order to revive the industrial and tourism sectors, and to stimulate capital to invest in the province,
an expert on economic affairs that the airport can be a capacity of one million An annual traveler and an establishment providing three thousand jobs for the people of the province.
A free trade zone (FTZ) is a specific class of special economic zone. They are a geographic area where goods may be landed, handled, manufactured or reconfigured, and reexported without the intervention of the customs authorities. Only when the goods are moved to consumers within the country in which the zone is located do they become subject to the prevailing customs duties. ))
Chairman of the Investment Authority of Dhi Qar Dr. Luay Al-Khairullah said in an interview with (to the extent) that the investment of Nasiriyah airport will have a great impact on the investment movement, and will contribute to the development of economic sectors that are related to the transport sector,
so we are offering to invest in front of companies wishing to work In the field of providing services in the field of air transport, pointing out that some companies expressed their desire to invest, and was provided with the information required to study the airport as a promising investment project, "especially since we previously faced investors in the province of Dhi Qar,
whether Arabs or local, The need for a civilian airport to facilitate it Transport and work of the equipment directly to the work sites in any project, instead of unloading them in Basra or Baghdad and spending additional costs to transport them to the province of Dhi Qar.
MadDScout says():(( This will help the bottleneck at the usual ports of call, by having a civilian airport that can facilitate this work, along with transportation directly to the project, pointing out that it will lend itself to the investment and economic sectors, opening up opportunity for both jobs and business wishing to be a part. ))
The governor of Dhi Qar Yahya al-Nasseri, in turn calls on investors to "employ their potential in investment projects within the service sectors at Nasiriyah airport, especially as the airport has all the elements of facilitating work and investment can contribute to the development of sectors of transport, tourism and investment and other sectors, what the province owns marshes and riches Oil and other resources, necessitating the existence of sophisticated means of transport. "
(( They point to their developing sectors and express that, because of the rich resources, they also "need a sophisticated means of transport" ))
MadDScout says():Naciri also confirms in an interview with (to the extent) that the airport of Nasiriyah is gaining importance in the establishment of infrastructure to encourage tourism, investment and development of the oil industry through services to be provided to the oil companies operating in the province,
so try to attract foreign companies and encourage them to invest in The province, requires that there be modern transport and airports close to the work site, to facilitate the transfer of equipment and materials required in the implementation of investment projects, which we seek to develop in the work of Nasiriyah airport to promote the work from local to global,
including the establishment of a free trade area, , That the airport investment project positively reflected on all sectors and economic areas in the province, not to mention the provision of many jobs for graduates.
MadDScout says():(( Here Nasseri is confirming the importance of the airport to infrastructure, tourism, investment...Developement of the oil industry so as to make it attractive to to investment by foreign countries.
The closeness of the airport to the projects in the province, and the ability to, in a timely manner get the goods to the site.
MadDScout says():They want to go soon promote the work from local to a global.
MadDScout says():Also pointing out the jobs that will be available for graduates. ))
MadDScout says():On the other hand, the head of the Dhi Qar Governorate Hamid al-Ghazi, in an interview with (to the extent), the desire of the province to raise the size of its financial resources through the operation of Nasiriyah airport, as agreed with the Ministry of Transport, that the resources of the airport equally between the ministry and local government In Dhi Qar and management of the joint airport,
pointing at the same time, to the great economic importance of the province of Dhi Qar, because it includes many tourist facilities, which if invested correctly, will have huge financial returns to the country, and improve the service and economic status of the people of the province.
1bobby says():Great report
SRW says to 1bobby():Abadi wants Maliki in this to show his corruption and treasonous ways while PM of Iraq.. Abadi wants UN sanctions until the Maliki era is proven.. Not to sanction the country, but show the previous PM Maliki's terrible deeds.. Something happened at the Geneva Convention.. Abadi wants Maliki hung from a tree.. Until then, Iraq will not move forward..
MadDScout says():(( Dhi Qar province is looking to raise it's financial resources, and a big part of that will be the operation of the airport.
With the proceeds to be split between ministry and local government.They point out the proximity of tourist facilities, "which if invested correctly, will have huge financial returns to the country, and improve the service and economic status of the people of the province." ))
suprkat says():Please put up a ? if you have a question. Thanks!!!
MadDScout says():The investment of the airport comes as a continuation of the step of annexing the marshes and monuments in the province to the World Heritage List. Al-Ghazi continued: "All this is in addition to the investment of this airport, which will also contribute to the oil companies operating in the governorate, ,
Especially that Nasiriyah does not have a border outlet, which is this airport, will open to the world, and we hope to transfer airport flights from the interior to the international in the near future.
And on the importance of investing in Nasiriyah airport, the economist, Wissam Taher, in an interview with (to the extent), that the province of Dhi Qar, located between five provinces and the central and southern (Basra Maysan Wasit Muthanna Qadisiyah), and the total population of Dhi Qar with The neighboring provinces of 9.1 million people,
and there is no airport in all of these provinces, only one in the province of Basra, while most of the inhabitants of these provinces, they can reach Basra only through Dhi Qar, and here is the importance of the existence of its airport and investment.
MadDScout says():(( This project helps alleviate some of the lack of these kinds of facility in the region ))
1bobby says to SRW():I can see your point but if that's the case why is Abadi asking out of Ch 7?
1bobby says to SRW():Maliki's time will come. It could be after we're all gone
BGG says to 1bobby():(y)
MadDScout says():As for the job opportunities expected to be provided by the airport, Tahir believes that "the airport can provide all its security and administrative aspects, nearly two thousand direct jobs, and when the expansion can reach up to 3,000 jobs,
and will provide many opportunities indirectly to the sectors to support the transfer And providing services to them, which helps the people of the province to develop their skills and expertise in the field of civil aviation.
MadDScout says():(( 2000-3000 jobs after expansion
Also providing many services that help the people of the province develope skills in the area of civil aviation ))
1bobby says to MadDScout():The employment issue is the cool thing
MadDScout says():The government of Dhi Qar, the local, on Wednesday, the presentation of investment offers to the Vatican, noting that these offers included several important projects for the province, especially in the archaeological areas and the airport of Nasiriyah, indicating that there is a special visit to the Vatican to Dhi Qar.
The Minister of Transport, Kazem Al-Yamami, said that during the opening of Nasiriyah airport, it is possible to conduct future flights to Najaf, Mashhad and Makkah from Nasiriyah airport, revealing the Vatican's approval for the establishment of a tourist hotel to receive Christian pilgrims.
MadDScout says(): http://www.dinarupdates.com/showthread.php?47834-Dhi-Qar-province-is-going-to-invest-
MadDScout says():Thanks to Tim T from Facebook
This is an OPED piece from an online trading news source
MadDScout says():Iraq’s Current Economic Outlook And How it Can Affect Dinar Value
March 29, 2017 —by Mike Fox 0 Comments
After years of economic neglect, poverty for the common man and turmoil in the region, Iraq has finally reached a state of constant economic growth under the democratic leadership in the aftermath of the US invasion in 2003 and the overthrowing of Saddam Hussein’s tyrannical regime.
The following post is courtesy of fractalerts, a division of fractal SA, Switzerland, a trading alert service based on unique algorithms that intuitively predict patterns in the market. Each market forecast is systematic, unemotional and data-driven – resulting in specific entry and exit points and historically astounding gains across 34 different markets.
Iraq’s Economy is Rising
The main driving force behind Iraq’s economic growth is the wealth of natural resources reflected in a large number of oil and gas fields which are now open to international trade. Companies from around the world are investing into the development of these resources, which is reflected in the country’s ever-increasing oil exports. It seems that Iraq has completely recovered from the damage and downfall it suffered under the rule of Saddam Hussein.
An even greater exploration of Iraq’s oil reserves by international companies will lead to an even bigger tally of the country’s oil wealth, along with its already-known, vast reserves. In addition to all that wealth, Iraq seems to be blessed with geological formations that are perfectly accessible for drilling as opposed to most countries, which significantly brings down the costs of oil extraction.
The most obvious example of Iraq’s production advantages can be seen in the most recent Saudi Arabian oil production war which was designed to bankrupt the US shale-oil producers. And while oil producers in the US have been severely impacted by the overproduction “attack” from Saudi Arabia, Iraq still continues to produce and sell oil profitably.
What does this mean for the Iraqi Dinar?
The value of a nation’s economy, as well as its currency, is directly reflected in its natural resources, and Iraq’s oil reserves are big enough to drive its young democratic economy to prosperity. Given the fact that there is an insatiable need for gas and oil across the world, Iraq is can look forward to constant growth in its ever-growing role of the oil supplier to the world.
Although Iraq is not there yet, it is becoming increasingly obvious that the country will take on the role of a regional and international energy super-power given its natural reserves in the near future. In fact, just recently the country’s Minister of Oil stated that Iraq will be able to produce 5 million barrels of oil a day in the second half of 2017.
With the economic boom led by Iraq’s oil industry, the national currency in the form of the Dinar will eventually rise to reflect the true value of the country’s oil wealth. The rise will most likely happen when the National Bank of Iraq lifts the artificially low value placed on the nation’s currency in 2003.
Historically, the new Iraqi Dinar reached an all-time low against USD of 1680 in January of 2004 and a record high of 1106 in December of 2015. Currently trading at 1180. USD/IQD chart from Yahoo Finance.
Additionally, current political events play a key role in predicting the future of any given currency, and the controversial “Muslim ban” instituted by Donald Trump could have had major consequences for the Iraqi economy, had it not been lifted on March 6th this year.
This new order to exempt Iraq from the list of banned countries has proven to be very beneficial for the country’s currency with foreign currency investors being able to exchange Iraqi dinar at favorable rates, keeping the country a valuable asset in the foreign exchange market.
All in all, it seems that the Iraqi dinar is looking at a bright future.
In the end, it is important to note that Iraq presents a wealth of investment opportunities in many industries, with the economic rise being driven by oil and gas reserves. These opportunities will become even more apparent in the following years, as the newly-established government continues to offer new possibilities to international investors.
MadDScout says():Any ??
1bobby says():That one sure has made it's rounds.
MadDScout says to 1bobby():That last story?
1bobby says():I will say this in regards to the article. There are other factors that go into determining the value of a currency Yeah that one Pat
MadDScout says to 1bobby():Yes it did
1bobby says():That said, it's a very good read
suprkat says):Both of you guys brought in good stuff tonight!!
MadDScout says to 1bobby():Thanks for all the great posters who brought it over on Facebook
1bobby says():BIG KUDO's TO ALL THE POSTERS OVER ON FB! clap clap
Elilali says():it all sounds really good... hopefully their version of the future doesn't imply years, BUT.. if that's what it takes. Whatever it takes...
MadDScout says to suprkat():Thank you Kathy as did you
suprkat says():Thank you Pat!!
Okie Dinar says():Thank you all for a great newstime
MadDScout says to Elilali():Indeed and they are showing that they can play ball
MadDScout says to Elilali():not the best of analogy but close enough
suprkat says():Thanks everyone for tuning in tonight!
magnetlady says():Thanks MadD Scout and Bobby and Suprkat
MadDScout says to SRW():Thank you
MadDScout says():I hope everyone has a wonderful rest of your evening
For comment section, please scroll down. Thank you.
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