Millionday News 12/08/14 Part 2
Welcome to dinarupdates.com for news time with Millionday!
Millionday: NOTE -- I BROUGHT THIS TODAY I WANT EVERYONE TO SEE IT
Millionday: The Iraqi Economic Information Center, said the growth in dollar prices of natural and foreseeable result of lower oil prices, a result of the strengthening of the US economy and growth of the market as the largest consumer of oil in the world, which determines the growth path in the direction of the oil market.
The US dollar rose to its highest level in the world five years against a basket of currencies supported by the growth of American jobs.
Millionday: NOTE -- THE DOLLAR ROSE FOR THE FIRST TIME IN 5 YEARS OR TO THE HIGHEST LEVEL I SHOULD SAY
Millionday: Jumped dollar index, which tracks the US currency's value against a basket of six major currencies to its highest level since March 2009.
The head of the Center lion Muhammad Ali in a press statement I followed (news agency, media / INA), said that "the Iraqi currency pegged to benefit relatively from the economic strength of the dollar and the rising value of purchasing,
but the losses resulting from the decline in oil prices is much greater than the gains of the Iraqi economy Limited, which earned its currency strengthened this partial growth rates the dollar. "
Millionday: >>>>>He noted that "growth indicators this will not last long in the light of the current swing in oil prices and the prospect of rising from their lows currently registered,"
stressing the need to take advantage of this relatively high dollar contract prices relatively less, especially with countries that dropped their currencies relative to the dollar.
Millionday: NOTE -- THEY NEED TO TAKE ADVANTAGE OF THIS GAIN -- SMILE -- WHOOOPOW
jtank: NOTE -- THEY NEED TO TAKE ADVANTAGE OF THIS GAIN ---HOW?
Millionday: BY REPORTS WE HAVE SEEN BY RAISING THE PURCHASING POWER OF THE DINAR
puttright: You mean by pegging the revalue to the USD...right
Millionday: IT IS PAIRED TO THE US DOLLAR
Papatom: with oil priced in US dollars....Other countries will be spending more for oil as it is converted.....
Papatom: that will mean bigger contracts for IRAQ
Papatom: in addition to what MD said
puttright: Is port Mubarak ready for oil export?
Millionday: I DONT KNOW
puttright: I seem to remember MOST of their exported oil goes out of Mubarak
Millionday: I CAN FIND OUT IF ANY DAMAGE HAS BEEN DONE RECENTLY
Papatom: oil sold is not oil exported.... it can be futures....and so the port doesn't NEED to be ready NOW for IRaq to benefit
Papatom: and they don't need to rv now to appreciate the gain
Papatom: it's a win win for Iraq
Redmon: I see articles talking about concerns with oil prices, budget deficits and the country & cities going bankrupt. Then I thank about the dinar revaluation; my first thought is why do they worry with what seems to be a future with increased wealth.
Question: Is the RV wealth just in the hands of the people and investors; and the government has to wait for taxes to feed it? Or (my thinking) is the government’s treasury also gain great wealth at the RV too and this is just hot air?
Millionday: THE % OF WHAT OIL PROCEEDS THEY RELY ON HAS CHANGED AND THEY ARE ACTIVATING AGRICULTURE -- INDUSTRY - AND TOURISM ALONG WITH MULTIPLE INTERNATIONAL CORPORATIONS
Millionday: SO THE RELIANCE ON JUST OIL IS CHANGING FOR IRAQ
Millionday: BUT THEY HAVE CHANGED THE PRICE PER BARREL FOR THE NEW BUDGET AND ARE WORKING WITH THE PRIVATE SECTOR TO ACTIVATE DEVELOPMENT
Papatom: i'm sorry for talking so much...but for Iraq to benefit i have a question...what would you pay for an IPO of Microsoft in Iraq today....and that's the answer...investors will FLOCK to Iraq for the benefit of all the LARGE countries opening up there as NEW COMPANIES with a proven record
Millionday: BRB WITH MORE
Millionday: The Iraqi Oil Marketing Company Sumo Monday that Iraq cut the official selling Basrah Light crude destined to Asia and the United States for download in the month of January next price but slightly raise the price of crude destined for Europe.
This comes after Saudi Arabia held a sharp cut to the official selling price of crude going to Asia and the United States last week.
Analysts and traders believe that the two are competing to keep the share of each of them in a market saturated with supplies supply.
Millionday: NOTE -- THEY ARE LOWERING THE PRICE TO US AND ASIA AND RAISING TO EUROPE AS SAUDI IS
Millionday: Sumo and reduced the official price of Basrah Light crude destined to Asia to download next month to the average crude price of Dubai and Oman minus four dollars a barrel equivalent of minus $ 2.15 a barrel in this December shipments.
Sumo official price of Basrah Light crude destined for the United States for shipments next month and reduced to the Argus index minus 40 cents a barrel from minus ten cents cursor in this December shipments.
Millionday: NOTE -- BEGINNING IN JAN
Millionday: Sumo also raised the price a bit crude destined for Europe equivalent to the immediate Brent crude minus $ 4.35 a barrel to ship next month, compared with the equivalent of minus $ 4.45 for shipments this month.
It is said that Iraq suffers from a difficult economic situation because of the shortfall in the budget year 2015, which is estimated according to Finance Minister Hoshyar Zebari at about $ 40 billion, to coincide with the fall in world oil prices, which make up 90 percent of Iraq's imports.
Millionday: VERY INTERESTING AND ALSO SEEMS AS THOUGH THIS WILL CAUSE A LITTLE RIF WITH EUROPE BUT WE SHALL SEE
Millionday: BRB WITH MORE
Millionday: ADVANCEMENTS >>>>>>>>>>>>>>>>>>>>
Millionday: recommended scientific Ninth Conference on Agricultural Research, which was held recently at the University of Baghdad need for continued scientific and technical cooperation with universities and research institutions in the ministries and the private sector in order to benefit from the research actors that contribute to the advancement of the agricultural sector.
Authoritative source in the Ministry of Agriculture said the "morning" the ministry has sought to resolve the problems and constraints faced by the agricultural sector, as well as work on technology transfer and resettlement and support and encourage scientific research in Iraq.
Millionday: HERE WE GO
Millionday: SEE THIS IS REPS FOR THE PEOPLE
Millionday: Mr. Ammar al-Hakim, head of the Supreme Islamic Iraqi Council stressed the importance of resolving the southern provinces problems and reduce the suffering,
especially the province of Basra, which is the lung that breathes, including Iraq, stressing the importance of the fulfillment of the granting of oil-producing provinces right of petrodollars.
According to a statement of the Information Office of the Council Supreme that telephone call conducted by His Eminence with Prime Minister Haider al-Abadi after the latter's visit to Belgium, France, presiding over the Iraqi delegation at the meetings of the international coalition to support Iraq Sunday, 7/12/2014.
Millionday: He said Mr. Hakim importance of international rallying and support for Iraq in the face of Daash, calling for investment atmosphere positive left behind by the agreement between the federal government and the provincial government in the field of oil to move forward in resolving all outstanding dilemmas, calling for the development of Iraq's foreign relations at the global and regional level and the neighboring countries .anthy
Millionday: CALLING FOR THE DEVELOPMENT OF RELATIONS IN THE REGION AND THE GLOBE
Millionday: BRB WITH MORE
Millionday: Iraqi diplomatic successes in bringing about positive responses to turn some of the countries of the Province of Iraq into an ally and support him in his war against terrorism. said that MPs from different political blocs in conversations »Sabah», and said the diplomat active movement of Iraq in recent weeks make a lot of states officials senior brought to Baghdad and are working to open their respective embassies in and the principles of mutual cooperation in various fields in addition to directing the official invitations to Iraqi officials to visit the capitals of those countries
Millionday: NOTE -- OPENING RELATIONS WITH IRAQ AND THE WORLD
Millionday: openness achieved by the Iraqi diplomacy in such a short period, he describes MP Hashem al-Moussawi, as A new approach and evidence of evolution in the strategic plans that are working to implement the executive and legislative branches by foreign policy was able to expand its functions,
especially in winning the countries of the region on the security level in the face of terrorist Daash gangs. He praised al-Moussawi, the diplomatic efforts of the Iraqi leadership Minister Jaafari,
noting that the government is serious became clear in dealing with foreign policy file through the activation of the government program and redraw the Arab relations and sustain with both Iran and Turkey,
pointing out that Iraq has turned to open up to the world stage as well as an emphasis on not allowing any interference interior for privacy
Millionday: NOTE -- IRAQ HAS TURNED TO OPEN UP TO THE WORLD STAGE
Millionday: sees MP Abboud al-Issawi , said the new government put in drawing foreign policy priorities and conduct many visits shortly to some Arab and foreign countries in order to strengthen economic and political relations. He noted that the recent and ongoing rounds three presidencies confirms that Iraq is seeking to build a system of external relations is backed in its war against terrorism.
He Issawi said revive foreign policy by expanding the base of diplomatic relations with the countries of the world ... gave and returned to Iraq strength in the economic and political aspects and confirms the prestigious international status throughout history.
Millionday: NOTE -- ONCE AGAIN REVIVING THE FOREIGN POLICY AND EXPANDING RELATIONS WITH THE WORLD
Millionday: He stressed the necessity of continuing this approach through the strengthening of relations and build bridges of dialogue with the region and the world and activate the work of embassies at all levels. In spite of that MP Arshad al-Salihi, p
ointed out that the period that followed the formation of the new government saw open and very clear in foreign diplomacy, but he urged the Iraqi embassies to make greater efforts,
describing the role that he is still weak, which imposes on the State Department to work on activating this role in order to devote the principles of friendship with all countries of the world. Salehi also stressed the need for a broader horizon government's move to find a common and comprehensive factors between Iraq and other countries.
Millionday: SO AS WE SEE THEY ARE WORKING TO OPEN RELATIONS BACK UP TO ALL OF THE GLOBE -- NICE
Papatom: it seems as if it's getting harder and harder to hide what is going on in IRAQ. the closer they get the more obvious it gets....right?
Millionday: THEY SEEM TO BE REESTABLISHING RELATIONS WITH THE WTO -- WORLD BANK -- IMF -- UN -- AND THE COUNTRIES OF THE WORLD SO VERY POSITIVE TO SAY THE LEAST
Pablo: When are they supposed to be full members of the WTO?
Millionday: WE DONT HAVE A DATE
Millionday: THEY HAD TO DIVERSIFY AND OBVIOUSLY THEY ARE SO WE SHALL SEE -- THE GOAL HAS ALWAYS BEEN TO JOIN AS AN ACTIVE MEMBER
Millionday: HERE WE GO
Millionday: revealed the economic and investment commission in the House of Representatives for the new modifications will occur on the tariff law,
pointing to the existence of countries working to prevent the adoption of this law with a view to the continued discharge of goods shoddy to Iraq.
The source said the Commission official said in a statement singled out by the «morning»: The amendments to the tariff is in the country and of the Citizen Service Act, without revealing what those amendments and details.
He accused the source, who preferred anonymity, said states control the failure to approve this law in order to discharge more shoddy goods in the Iraqi market and prices low cost.
Millionday: NOTE -- THEY HAVE ANNOUNCED THEY ARE AMENDING THE TARIFF LAW BUT HAVE NOT RELEASED WHAT THOSE AMENDMENTS ARE AND PEOPLE ARE NOT HAPPY ABOUT IT
Millionday: For his part, member of the Committee Knight Knight Speaking »Sabah» the importance of legislation tariff law during the next phase, as a basis for evaluating the deterioration in several aspects,
stressing that this law must abide by when legislation through beatings at the hands of corrupt officials from entering invalid materials into the country.
The director of the General Administration of Customs of the Ministry of the Finance Committee, has promised in a previous encounters completion of a sophisticated system of tariffs is adapted from a system Alamaratne.fa while the Finance Committee in the House of Representatives announced that the cost of the application of the tariff program in Iraq up to one billion dollars
Millionday: She Committee member Magda Abdel-Latif al-Tamimi (morning): The Director General of the Customs Authority complained of a lot of obstacles facing the work of the Commission during a meeting earlier with him,
including the absence of stores to save materials and lack of Directorate of modern technology, as well as a 3000 employee Directorate few of them and the percentage of proficient work on the computer machine, while the work of customs requires to be computerized as the name and the type of material and symbol and the date of entry into Iraq.
Millionday: NOTE -- IT SEEMS AS THOUGH THE CHANGES WILL BE ADVANCEMENTS -- THEY HAVE TO COMPUTERIZE EVERYTHING BUT THIS MUST BE SET UP PER OTHER REPORTS HOWEVER THE PEOPLE HAVE TO BE PROPERLY TRAINED
Millionday: She Tamimi, the Director also complained about the large costs for the next materials from abroad that are harmful to health and the violation of the specifications, as well as the need for the body to one billion dollars for the application of this system in Iraq.
alerted a member of the Finance Committee that the billion dollars would be easy to loss of billions of dollars by Iraq to import inferior materials in addition to all the neighboring countries work with this system except Iraq,
causing him to be a market for all of these countries and thus draining its resources and waste of public money on the grounds that he pays hard currency and buy a product for which bad.
Millionday: SO THEY DONT WANT TO BE THE ONE STOP SHOP FOR ALL TRADE THAT GOES THROUGH THERE AND PAY THE LABOR IT TAKES TO MAKE SURE ALL GOODS ARE GOOD AND BECOME AN INSPECTION STATION FOR THE REGION – THAT THEY CAN NOT AFFORD –
SO AMENDMENTS WILL MAKE THIS MORE CLEAR -- HOW TO AVOID THIS I COULD NOT GIVE YOU A GUESS WITH THEM BEING THE MOST ADVANCED ---
Papatom: am I reading this right? that there are forces that WANT to continue to supply IRAQ with inferior junk for their own profit? but Iraq is insisting on quality for their people?
Millionday: YOU COULD FIND THAT IN ALL THE COUNTRIES OF THE WORLD -- THIS IS WHY THE CUSTOMS CHECK POINTS ARE DONE
Millionday: NOT A SHOCKER
Millionday: ALL THAT WE ARE SEEING -- WE WOULD EXPECT TO BE SEEING
Millionday: HAVE A GREAT NIGHT
Millionday: LOVE TO YA SEE YOU TOMORROW