aggiedad77 » July 16th, 2015, 11:34 am
Thursday News Summaries and Commentaries
Get some mid-morning munchies and settle in.....there's lots of news coming your way today.
A proposal for the establishment of micro-finance fund
100 billion dinars....yep you heard that right.....100 billion dinars to fund what they are calling "micro-enterprises".....small business loans.....sounds like they are wanting to get serious about jump starting their private business entities...this is good for their economy.....good for the Iraqi business owners....good for start up ventures.....good for the MR....what else can I say about it.....good for us too....oh Happy Days.....here we go
Economist calls for enactment of a new labor law
While many laws are changing or being looked at for change....Iraq's labor laws have been around for a while and to say they have not kept up with the times is an understatement....at least one economist believes it is time to catch up with reality in regard to these laws....they face an age old problem....foreign workers often will work for less wages than Iraqi citizens....
So who will the business person hire first....from outside of course.....looking at the labor work force over 30% of Iraqis live below the poverty line today....that has an impact on who and how many can pursue higher education degrees.....that exacerbates a problem in hiring professionals out of college that must come from outside of Iraq....
The cycle is vicious and almost never ending....so much needs to be repaired in the laws if they are to expect more from Iraqi citizens....it makes it tough to know exactly where to start first.
Expert (time): 6 years repayment and interest 5 percent by private banks
Back we are to the micro-enterprise loans......up to 50 million dinars per loan and an interest of not to exceed 5% with 6 years to pay back....they are really wanting to see this process as a success and are doing all they can to assure just that.
United Nations: During the year and a half .. 35 000 Iraqi civilians were killed or wounded .. achievements of al-Maliki and his party!
Maliki could still be washing his hands and the drain water would still be running red.....so much death during his watch....makes me wonder how things have changed since he left office.....or maybe since January 2015....just thinking.
The trial of Mr. al-Maliki internationally !!!
People have asked why Maliki hasn't been brought to trial as of this time......first he continues to hold a high level position in the Iraqi government and the powers to be in Iraq do not want to be shamed by making a wrong decision or too quick of a decision on what should be done here.....
He has indeed been restricted in so many ways, he is watched like a hawk, his bank accounts have to be under the microscope as are the accounts of probably all family members and close relatives as well as close political allies.....all are being watched.....as lawyers and the like prepare a pathway to justice for whatever crimes he will eventually be formally accused of perpetrating.....
Bottom line whether he is charged within Iraq or in some International Crimes Court the prosecution will want the charges to stick beyond a shadow of a doubt.....many have already tried and convicted him in their own eyes and minds.....the judicial system wants to exercise every precaution that he be given a fair trial and if found guilty be made to pay for his errors.
"Hawlati" Kurdish: Kurdistan region of Iraq may resort to dealing in dollars
When you run out of your own currency you are forced to look elsewhere for a means to barter for goods and that elsewhere may very well be the USD.....the Kurds are running ever so low on IQD because of lack of payment from the Federal government....what other choice would they have but to use the USD for currency due to its availability.....
There is definite mixed signals as to which direction the Kurds should go from here....looking for independence or staying the course with a government they cannot trust....what will the next few weeks bring to them.
North 56 bank deposits .. distracted by remittances offices
So you want to withdraw all of your account balance.....NO......can we wire you 40% of the balance....sure thing, what banking numbers do you have for where this wire will go, glad we can be of service to you.....questions....no we have no other questions.....glad to be of service.....
This comes from the North Bank in Baghdad....at least in the past.....now they seem to indicate...sure we can give you the balance if you wish to withdraw......no one seems to know how they are managing this at this point in time.....so is there corruption at play here.....beware of the laws for they can sting both parties....
in cases of non-payment the CBI may need to get involved and process what is actually going on with the individual banks....leave no stone unturned in this battle with corruption and suspected money laundering.....the crime does not pay.
Record Oil Exports Vault Iraq to 3rd Place Among Korea Suppliers
We're Number 1....no not yet.....We're Number 2....no not yet.....We're number 3.....ok ok...with the Koreans....and in reality Iraq is the Number 2 largest OPEC member behind Saudi Arabia....keep your eyes on the oil markets of the world for a while and see what changes might be coming about.
Cell crisis, decided to start issuing treasury remittances and the launch of a national bonds to the public
"Cell Crisis" meetings that are headed by PM Abadi.....strong indicators of things in the works.....important things to come.....these meetings are to be kept in the lime light as much as possible for good things are bound to spring forth from them....just watch....."in the coming days" an oil agreement between Baghdad and Erbil....good stuff....I'm imagining PM Abadi looking into the eyes of the Oil Minister down the table....others pushing back from the table ever so perceptibly to give him a full on view.....yes it is time for you to act....make it so and make it effective and worthwhile this time
Iraq announces the killing of dozens of prominent leaders Bdaash air strikes on Syria borders
International Coalition forces seem to be having much success lately in placing their bombs on strategic targets of opportunity both in Iraq and Syria.....a great number of terrorist leaders are believed to be no longer with us as a result.....good work on their part....they are also taking aim at what are believed to be suicide bombers and bringing about their early demise before they can deal their dirty work on the unsuspecting public.....good work again.
Expert: Iran nuclear deal will raise the pressure on the dollar in Iraq
Economic experts are seeing good things coming out of the nuclear deal with Iran this week......it should bring about more trade for the region for one thing.....Iraq sharing such a Shiite presence with Iran is believed to be looking at a stable IQD going forward as their trade lanes are opened up with time.
Virtue: a proposed bond issue will contribute to the provision of liquidity and investment opportunities for citizens
Proposed national or domestic types of bonds that will support liquidity and bring forth investment opportunities for citizens....I smell something "SCRUMPTIOUS" cooking.....please move to the front burner so we can better smell the aroma.
Break time....eat those cookies before Frank wakes up....no crumbs remember.