aggiedad77 » March 11th, 2014, 5:55 pm .
Tuesday Afternoon News Summaries
Disclosure is a special implementation of the shares of Union Bank of Iraq at a meeting Tuesday, 03/11/2014
Ok the Union Bank of Iraq has put up 19.6 billion shares for sale and it sounds like they have a buyer....but they do not provide a sales price or market value at this point in time.
UNDP and JICA agree to enhance their partnership to accelerate the "recovery" Iraq's economic
The Japanese Agency for International Cooperation and the UN Development Program signed an agreement to accelerate the implementation of infrastructure projects and economic development in Iraq.....Family....these two entities would not be involved with Iraq....they would not be investing money in Iraq they way they are if they did not see a future for Iraq....they know of good and great things to come....and so do we.
Read More Link on Right
Swiss foundation: the agreement of Arbil and Baghdad and Ankara on the export of oil will bring big profits for all
Family....yet more shouting that good it to come for Iraq, the Kurds, and Turkey with their coming agreement on oil exports....UBS the Swiss global financial services and project management conglomerate wouldn't make these kinds of comments if they did not know an agreement was "imminent".....they know more than we do at this point.....and their words speak so loudly of what good is to come....UBS sees annual returns through the Turkey pipeline of $8-9 billion dollars annually.
Why you should not use Central Bank reserves (cover dinar) in the treatment of the budget deficit?
Family....let me introduce you to Dr. Shababi......he speaks wisely and with much common sense concerning the reserves of the CBI.....he points out the ineptness of some members of Parliament who seem to believe they can take money from the CBI to deal with GOI budget deficit issues.....no this is not a wise idea, nor is it permitted....read Article 26...prohibition from lending to the the government.....the CBI is not to be perceived as the supplier of the budget....the Ministry of Finance and Revenue receives money from taxes and other incomes.....so you create your own savings and leave the CBI alone....simple enough.
Credit rating accelerates the implementation of strategic projects
Back to back....now comes Dr. Mohammed Saleh......who speaks of credit ratings.....and BONDS....sold on global markets.....Family....does this sound familiar.....Dr. Saleh says the Iraqi Credit Rating now has the temperature of B-.....and says that even a low credit rating is better than no credit rating at all.......this is MY OPINION.....but if he believes they have a B- now with essentially worthless currency.....what happens to that credit rating once they are able to raise the value of the currency....I would think the credit rating should follow in an upward rise as well......this to me is a WOW!!!! article....with any rise in the rating will also come attractive investors and foreign companies who will invest in Iraq's infrastructure.
walkongstick wrote on March 11th, 2014, 5:33 pm:إرسل الموضوع الى صديق
Credit rating accelerates the implementation of strategic projects
Attracting investments and gives additional confidence to companies
Baghdad - Mostafa Hashemi
clear the importance of Iraq to get the credit rating from all three rating agencies to clarify the outlook for the economy, especially in relation to investment. This requires access to the credit rating of the country in general demand formally rating agencies of the three (Moody's, Standard & Poor's, and Fitch) to assess the situation in Iraq now and outlook projected for the economy in the near future.
seeing success and represents the degree classification for foreign investors vision or reading the real possibility of success their projects and the time spent re their capital and achieve profits along with a roadmap to determine for investment as if the near-term Aoualemtost or run. but does not seem, in fact, and the existence of efforts official to move and go to get a credit rating, according to economic expert, Dr. Majid picture, which attributed the cause that the lack of clarity of vision at the level of legislation of economic laws and the situation taking place in the country of unrest and instability at all levels. important things ,
but the picture stressed the need to get a degree classification of international agencies because of the important things are looking for the foreign investor, especially that Iraq needs investment To make up the shortfall in relation to the infrastructure. was likely an economist reasons that prevent the government side from moving in this direction, the fact that getting a degree international credit rating requires a stable fully in the economic and political relations and financial relations between Iraq and the rest of the countries, along with the presence of financial and banking sector is managed professionally by mentalities administrative high-potential. good rating and confirmed the picture that Iraq is classified in terms of the commitment to pay the foreign debt, whether for state companies or private traders classifies good but unspoken formally.
reflect the degree of international rating conditions of the country and give perceptions of the economic right to the investing companies as well for being one of the most important factors of reform in the banking sector, and is rated the world's credit ladder classification consists of four grades are A, B, and C and D as well as variables that represent signal + or - and Petkrarat different. start negotiating experts stress the importance that begins Iraq is now negotiating for the purpose of Ranked credit because this issue is vital and contemporary and is useful for re-engineering the performance of the Iraqi banking sector and developed to accomplish its functions in the service of economic development to keep pace with progress in the rest of the Arab banks and international ones. was an economist d.
Appearance of Mohammed Saleh said earlier in the (morning):
Classification of Iraq credit now, although he did not specify officially yet, it is at a temperature of B-returned him a good indication of the reason for optimism, stressing the possibility of rating the country credit through bonds sold in global markets because the presence of a credit rating, though low, is better than no rating basically.
classification former responsibility to apply the credit rating of Iraq - according to experts - the responsibility of the Central Bank of Iraq, and Iraq had in the seventies and eighties of the last century credit rating high but did not one dares to disclose that degree at that time as being contrary to the laws and regulations of the former regime. lies the need to move the government to raise this level to a degree better because it will contribute to attract investment and gives extra confidence to investors and foreign companies for the purpose of coming to Iraq and direct the reconstruction of infrastructure as this of importance in the advancement of the country's economic at all levels.
noted that the credit rating will be through the public debt and the issuance of treasury transfers or government bonds, particularly in international markets, or those bonds that are sold outside of Iraq, as well as the proportion of the total assets of sovereign-to-GDP and risks Credit local and foreign investment and other economic indicators other.
aggiedad77: Hi Family.....look at what I highlighted in this article.......big article here IMO.....Dr. Saleh talks of Iraq's Credit Rating that he talks of like a temperature of....B- with regard to bonds sold in a global market.....does that sound at all familiar.....as he says a low rating is better than no rating at all....and this rating is with essentially a worthless currency......or do they know something bigger is coming.....if so I would think the credit rating will likely increase as the value of the currency rises.....
WOW.....this is big news....IMO.