Welcome to dinarupdates.com for News Time with BGG
BGG: OK - Rcookie (and any other News Personnel) are going to help out tonite.
BGG: This maybe more of a "News / Dinar info free-for-all"
BGG: I wasn't exactly prepared for tonite - but I guess the main thing I would want to mention - before anything else... aside from all the "goofy intel" (none of which has EVER BEEN ACCURATE)...
BGG: as I read the news out of Iraq - it plainly lines up (over and over) with what we have been saying AND it generally points to some major economic event in the future.
BGG: Numerous article... some vague - some pointed are all saying the same thing. Iraq is in dire straights (or was) for a solution.
BGG: For instance - this one...
BGG: Abadi: we crossed the country from imminent collapse following a drop in oil prices
BGG: He stressed Prime Minister Haider al-Abadi, on Tuesday evening, that his government was able to "transit" country of the "collapse" of an imminent economic result of the sharp decline in oil prices during the year and a half last year.
BGG: Ebadi said in a televised speech: "We were able to cross the country and keep it from imminent economic collapse after the sharp decline in oil prices during the year and a half," noting that "since the honored responsibility and put key reform targets, and it was our ambition to unite all political efforts with us , but that did not materialize. "
BGG: He revealed Abadi for "the completion of the preparation of a comprehensive study of the structure of the ministries," pointing out that "extra episodes will be canceled in order to state GOES real work."
BGG: It is noteworthy that Iraq is going through an economic crisis because of lower oil prices, Anvaqath in the war against al "Daash", as he emphasized Abadi, on more than one occasion, that Iraq will emerge from the financial crisis in stronger...
BGG: Can anyone tell me what event he's talking about that has saved them???
sassy: monetary reform
jackflash101st: selling the bonds???
poppy3: promised new rate to WB to insure a loan. poppy3
Imperator: the IMF
jimplants: HIS ELECTION AND THE CANNING OF MALIKI
BGG: Ha Ha Ha - all good comments. I'm just asking - it's pretty public...
BGG: I've been saying all along... they need a solution...
BGG: now they are admitting they need a solution.
ann4: plus tariffs, loans,
BGG: we know - they know - now they know we know...
Imperator: poppy3 i think is referring to that memorandum of understanding between the IMF AND THE CBI which is really important
BGG ann4: Tariffs won't cut it - neither will any of the loans... THEY NEED 100 BILLION (for starters)...
BGG: they could collect 1000% of their incoming tariffs FOR THE NEXT 10 YEARS and NOT COVER THIS.
BGG: who in their right mind would loan IRAQ 100 Billion (USD) for their 2016 BUDGET DEFICIT...
BGG: basically - Oops - we spent too much money, we need a loan until next year.
BGG: NONE OF THAT WILL HAPPEN. I said this last time - when all the stink was being made about loans.
BGG: one thing you can be assured of - since the IMF is now in a direct advisory capacity - they will succeed.
BGG: Could you imagine - IMF takes over - Iraq fails immediately...
BGG: how would that play for the IMF's future??
BGG: Rcookie - you have some thoughts for us??
rcookie: NOBODY TALKNG ABOUT NATIONAL OIL COMPANY LAUNCH PLANS IN ECONOMIC SYMPOSIUM YESTERDAY HOSTED BY OIL MINISTER ABDUL MAHDI...WITH GROUP OF OIL EXPERTS AND ECONOMISTS...AND THE ROLE AS ALTERNATIVE TO DISPERSION IN THE OIL INDUSTRY NOW...MEANING REFORM DIFFERENCES LIKE...NATIONAL SOVEREIGNTY...ECONOMIC DEVELOPMENT...SERVICE CONTRACT REWRITES...ECONOMIC OPENESS...AND OUTLINES THE IRAQI ECONOMY OPERATING IN 4 STAGES....AGRICULTURE...OIL...WAR..AND WHAT IS TO COME....
rcookie: THIS IS THE VEHICLE THAT IS GOING TO GET OIL SHARES TO CITIZENS...
rcookie: Oil Minister calls for the restoration of the national oil company 60 Show Last update: Monday, February 8, 2016 - 11:01 Oil Minister calls for the restoration of the national oil company It called for an economic seminar to the need to return to the national oil company as a managerial alternative to dispersion found in the structure of the oil industry and solving optimal at the present time, coinciding with the economic crisis faced by the country, as well as to utilize them in building the foundation for the reform of the oil sector and overall economic development. This came in a symposium organized by the progress of the development policies of the Institute, and attended the »morning» under the title
rcookie: pointing out that «China does not hold the Ministry of Oil, and runs Wealth oil which - a fifth oil producer in the world are companies », indicating that« the public domain differ from state ownership, since it is possible that the first be the king of the group and rumored to regulate the property through an internal mechanism ».uarj Abdul-Mahdi, that« the Iraqi economy navigate between the four stages of the first was the agricultural nature of the almost full, where most of Iraq's population live in the countryside, and minority live in cities, and the agricultural life dominant, then began to rely on the oil pattern, where he became the country depends on oil, then began the stage of the war economy, which consumed oil and
rcookie: THIS IS HUGE AND RESOLVES MANY OF THE PROBLEMS THEY HAVE WITH LICENSING CONTRACTS...AND PUT THE DEALING WITH DIVERSE ENTITIES...
larrykn: Rcookie you said one of the things that needed to get done was the financial management law, has that been completed yet
rcookie: THINK ABOUT THE NATIONAL OIL COMPANY RELATIVE TO THE REPORT TODAY OF THE 36 SEPARATE BANKS PROCESSING OIL REVENUES FOR KURDS....
rcookie: YES POSTED COPY OF IT THIS MORNING...ALONG WITH IFMIS...TSA...PIM..
rcookie: THE NEWS AS TO WHERE THEY ARE AGAINST IMF LOI/MEFP/TECH MOU MANDATES IS ASTONISHING...
rcookie: POSTED ALL OF THE WORLD BANK LINKS AND DOCUMENTS...
rcookie: ITS ALL IN CHAT..
BGG: MadDScout - you have an article to share??
MadDScout BGG: There is several today talking about distribution Of many things and they have upped the rations
BGG MadDScout: Did I read where the IMF is about to phase out the ration cards??
MadDScout BGG: They have the end of the month for people to get their cards
They want it to be more for those on the bottom rung like the disabled and the pensioners
BGG MadDScout: Ah - OK, I didn't pay that much attention... (to that)...
MadDScout BGG: It is rife at the moment with fraud the card
rcookie: THE IMF WANTED THAT PROGRAM GONE ALTOGETHER....FOR THAT REASON...
MadDScout rcookie: Right I took it as they saw it being abused
rcookie: MORE THAN HALF THE PEO[LE ENROLLED HAD BIRTHDATE FROM 1800'S
MadDScout rcookie: LOL sounds familiar
MadDScout: how about the edinar talk?
Tamimi had talked about virtual
rcookie: GO AHEAD MADD
MadDScout: would allow to pay everybody without even touching oil revenue
MadDScout: If I am wrong on the last part I may have it mixed in with something else
rcookie: THEY HAVE 20 BANKS THAT HAVE BEEN USING INTER-BANKING WISE...BUT THE NEW PUSH IS BANK-CITIZEN CENTRIC....
MadDScout: The recovery of funds and the unfreezing of Kurd money
rcookie: SO THEY ARE BROADENING THAT TECHNOLOGY...WHICH ALSO ALIGNS WITH IMF MANDATES AS WELL..
MadDScout: Hard to pick any one point that is good cause there are so many
rcookie: GOT A GREAT ONE......LITTLE LONG BUT HUGE!!!!
rcookie: READ THIS...
rcookie: A proposal for the establishment of investment funds
BAGHDAD Farah pumice
suggested economist establishment of investment funds for its role in financing economic projects and programs to support the shift towards the private sector as well as expand the ownership base in the general business sector. Expert Adel Abu loaf saw that these funds contribute to the revitalization of the financial market by attracting small investors to invest in the stock, by providing the necessary legal legislation to pave the way for these funds to take an active role in increasing the volume of investments available.
He pointed out that it represents the financial instruments and investment vessels have an impact in attracting savings and investment promotion, noting that some banks and financial institutions have to use this type of fund in the investment fields for the
rcookie: development of its business and its activities so that became her role involves entering into an investment operations directly in different areas.
Due origination funds as a result of the emergence of investment firms in the nineteenth century in the Netherlands, investment, and moved to France and then to Britain, also appeared in the United States for the first time at the end of the thirties of the last century, also pursued some Arab countries, this type of investment such as Saudi Arabia, Egypt, the United Arab Emirates, and other .
on the other hand, Abu loaf believes that these funds contribute to rationalize the investment of funds of citizens operations inside and outside the country, and supports confidence in the capital market, as it provides
rcookie: THESE ARE INVESTMENT FUNDS TO FACILITATE THE SMALLER INVESTORS....
rcookie: allowing the investor to convert its investments from the fund to another, noting that it is different from investment banks in fact the purpose of the banks carry out mediation between the issuers of securities and investors president.
cookie: CONVERT INVESTMENTS FROM 1 FUND TO THE OTHER....
rcookie: SUPPORT SHIFT TO PRIVATE SECTOR...REVITALIZE FINANCIAL MARKETS...EXPAND OWNERSHIP BASE IN GENERAL BUSINESS SECTOR....
rcookie: LEGISLATION FOR SMALL INVESTORS TO INVEST IN STOCK!!
BGG rcookie: Ummmm - where do they intend to get these "small investors"??
rcookie: FINANCIAL INSTRUMENTS & INVESTMENT VESSELS TO ATTRACT SAVINGS...
BGG rcookie: sounds like "financial sublimation"
rcookie BGG: SAFETY...
MadDScout: Big push for investment in the energy sector now
ann4: ?? MadScout/anyone. If they want citizens to have K-Cards by end of February what is/was to be launched on 7th and 8th; I know they said military widows and pensions...does that mean some now and others later? How does this work together? If at all...
MadDScout ann4: The cards at end of month are for the displaced
BGG rcookie: for the investors - for sure... but the "sublimation" is the process of going from a a solid - to "smoke" (or electronic)... which make wealth much more "mobile" AND in the process - accessible to all.
MadDScout ann4: at least as far as the reports I have seen regarding it the other card(K1) has been in process of being issued for some time
rcookie BGG: TALK ABOUT INVESTMENTS....THIS IRANIAN EXHIBITION IS IN BAGHDAD NEXT WEEK...AND LOOK AT ALL THE SECTORS REPRESENTED....
rcookie BGG: The opening of the Iranian specialist next week in Baghdad Expo
History of edits:: 2.9.2016 12:43 • 67 visits readable
[Baghdad - where]
announced that the Ministry of Commerce, said that next week will see the opening of the second Iranian specialized exhibition on the land of the Baghdad International Fair.
And transfer to a ministry statement, received by all of Iraq [where], a copy of it for the Iraqi General Company for Trade and Commercial Services Director, Jassim Mohammed Abbas, saying that "the exhibition of the Islamic Republic of Iran second Specialist will be held under the auspices of the Ministry of Industry and Mines of Iran, Trade and International Corp. shows Iran for a period of 16 - 19 of February, in coordination and cooperation with our company. "
Read More :http://www.dinarupdates.com/showthre...ghdad-Expo-2-9
rcookie BGG: He added that" this exhibition also will have sponsored the first Vice-President of the Islamic Republic of Iran Ceyhan Kerry and minister of Health of Iranian trade and with the participation of 70 different and diverse Among those companies, the terms of reference company healthy companies and construction companies, housing, water and electricity companies and oil and gas companies and companies technical and engineering services and food companies and companies home and office furniture industry companies and cleaning companies and cosmetic companies and home appliance companies and car manufacturers. "End