Newstime with Rcookie/Loop 6/22/2016
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Thread: Newstime with Rcookie/Loop 6/22/2016


    
  1. #1

    Newstime with Rcookie/Loop 6/22/2016


    Hutch says(6:45 PM):
    SUBBY WOULD YOU HONOR US WITH A PRAYER TO START US OFF RIGHT.... PLEASE?


    subgirl says(6:45 PM):
    Dear Heavenly Father , we come together to say thank you for the many blessings you have given to us. Lord we think about Buck right now and we pray that you would be near and dear to him and his family. Lord we ask that you would give him your Grace and Strength also for this week and the many days to come. We are thankful his dad is in Heaven and that helps with the grieving. So bless this time Lord and for the news that is to be shared tonight. May we all understand what is being said and taught tonight and we’ll ask this in Jesus precious name, AMEN and AMEN.


    GOOD EVENING EVERYONE....WELCOME ABOARD.....


    Hutch says(6:46 PM):
    NEWSTIME RULES APPLY : PLEASE REMEMBER TO PUT UP A ? WHEN ASKING A QUESTION AND THEN WAIT FOR A RESPONSE (PLEASE HAVE YOUR QUESTION READY) OR RESPOND WHEN AN “ANY COMMENTS” IS PUT UP. IT MAKES THE COPIERS JOB EASIER. THANKS !!

    Hutch says (6:48)
    WHAT DO YOU HAVE IN STORE FOR US TONIGHT ????


    rcookie says(6:49 PM):
    OK...SO START OFF WITH A LITTLE ANNOUNCEMENT FROM IMF YESTERDAY ANNOUNCING THIS CONFERENCE....AND PLEASE CAREFULLY READ THE SYNOPSIS OF THE AGENDA...

    rcookie says(6:50 PM):
    AND KEEP IN MIND THE COMPLETE LIST OF IMF/WB/WTO METAC WORKSHOPS IRAQ IS GOING THROUGH IN MAY & JUNE.....

    rcookie says(6:50 PM):
    Exchange Rates and External Adjustment
    Swiss National Bank, International Monetary Fund, and IMF Economic Review
    Zurich, June 24-25 2016

    The Swiss National Bank (SNB), the International Monetary Fund (IMF) and the IMF Economic Review are organizing a joint conference on "Exchange Rates and External Adjustment".

    The conference will provide a forum to discuss recent theoretical and empirical research on the macroeconomics and microeconomics of external adjustment, the optimal response of monetary, exchange rate and macroprudential policies when financial frictions matter, the effects of sovereign risk, and the role of exchange rates at the sector and aggregate levels.

    The conference will be hosted by the Swiss National Bank and will take place in Zurich, Switzerland on June 24-25, 2016.


    COURTESY OF DA58


    LINK

    Read More :http://www.dinarupdates.com/showthre...djustment-6-21

    rcookie says(6:50 PM):
    THAT WAS BROUGHT IN BY DA58 WHO BRINGS IT TO CHAT EVERYDAY!!!!!!!!


    Hutch says to rcookie(6:51 PM):
    YES HE DOES

    Hutch says to rcookie(6:51 PM):
    ALONG WITH MANY OTHERS


    rcookie says(6:52 PM):
    SO SWISS NATIONAL BANK AND IMF HAVING A LITTLE POW WOW IN ZURICH ABOUT EXCHANGE RATES AND EXTERNAL ADJUSTMENTS....

    rcookie says(6:52 PM):
    I PUT A LINK TO THE WORKING PAPER UP IN CHAT YESTERDAY....BUT ...WAY BEYOND MY PAY GRADE....


    Hutch says to rcookie(6:53 PM):
    WHAAAAAT I FIND THAT HARD TO BELIEVE......


    rcookie says(6:54 PM):
    BUT HAS A LOT TO DO WITH PPP PURCHASING PRICE PARITY...ETC...

    rcookie says(6:54 PM):
    AND THAT STARTS FRIDAY....


    Hutch says(6:55 PM):
    WOW !!! ANY QUESTIONS OR COMMENTS.... SO FAR ????


    david334 says(6:55 PM):
    ?

    puffdragon says to rcookie(6:55 PM):
    ?


    Hutch says to david334(6:55 PM):
    GO


    daytrader says to rcookie(6:55 PM):
    Comment

    david334 says(6:56 PM):
    I think Iraqs is out of whack with their comparables


    Hutch says to puffdragon(6:56 PM):
    HANG ON ONE MIN


    rcookie says(6:56 PM):
    1 SEC


    Hutch says to rcookie(6:56 PM):
    OK

    Hutch says to daytrader(6:57 PM):
    HOLD PLEASE


    david334 says(6:57 PM):
    Kuwait,Jordon etc


    rcookie says(6:57 PM):
    IN ?

    rcookie says(6:57 PM):
    REAL ESTATE?


    jimplants says(6:58 PM):
    COMMENT

    Scotzgirl says(6:58 PM):
    ?

    david334 says(6:58 PM):
    Purchasing power comsumption oberall


    Hutch says to jimplants(6:58 PM):
    HANG ON PLEASE

    Hutch says to Scotzgirl(6:58 PM):
    HANG ON


    rcookie says(6:59 PM):
    THEY ABSOLUTELY ARE WHICH IS WHY AT EVERY POSSIBLE OPPORTUNITY THE ECONOMISTS OVERSTATE THE IMPORTANCE OF VALUATION AT PAR OR BETTER THAN REGIONAL ACTORS ...ESPECIALLY BORDER PARTNERS AND TRADE PARTNERS OVERALL...


    Hutch says to puffdragon(7:00 PM):
    GO


    puffdragon says to rcookie(7:00 PM):
    Why is the swiss national bank involved ?


    Hutch says to puffdragon(7:00 PM):
    GREAT QUESTION


    puffdragon says to Hutch(7:00 PM):
    Thanks !


    rcookie says(7:01 PM):
    THE IMF HOLD WORKSHOPS AND CONFERENCES THROUGHOUT THE WORLD...AND NATIONS TAKE TURNS HOSTING VARIOUS AGENDAS


    jd says(7:01 PM):
    ?


    Hutch says to daytrader(7:01 PM):
    GO


    daytrader says to rcookie(7:01 PM):
    The Swiss recently de-pegged from the Euro, and had a significant drop in the valuation of their currency. It has since bounced back. They would have some recent first-hand experience with shifts in PPP. Looks like they're willing to share their experience.


    Hutch says to jd(7:01 PM):
    I GOT YA IN LINE

    rcookie says(7:01 PM):
    AS DOES THE WORLD BANK AND WTO..

    rcookie says(7:02 PM):
    AGREED...GREAT POINT...AND ABILIITY TO PROVIDE INSIGHT TO OTHER NATIONS...


    Hutch says to jimplants(7:02 PM):
    GO


    jimplants says(7:02 PM):
    REMEMBER THEY ARE SHARING OILFIELDS NOT JUST A CRUMMY OIL WELL AND A CERTAIN PORT WITH KUWAIT ALSO SO LETS BE EQUAL ABOUT THIS PRICE /COST THING AS IN 3.71


    rcookie says(7:03 PM):
    WE'RE ALL IN AGREEMENT THERE JIM!!!!!


    Hutch says to jd(7:04 PM):
    GO


    jd says(7:04 PM):
    Who do we know in Switzerland? Shabibi


    rcookie says(7:04 PM):
    AND JIM SPEAKING OF KUWAIT ....ZEBARI MET WITH KUWAITI EMIR TODAY AND DELIVERED 2ND LETTER FROM ABADI IN A WEEK...

    rcookie says(7:05 PM):
    THIS ONE ASKING FOR DELAY IN WAR REPARATION PAYMENT AGAIN...


    Hutch says(7:05 PM):
    YOU GUYS ARE LIVELY TONIGHT.... I LIKE IT !!!


    jimplants says(7:05 PM):
    TAX WRITE OFF


    loop says(7:05 PM):
    Boy i would love to see what was in that letter.


    Hutch says(7:05 PM):
    HI LOOP !


    rcookie says to loop(7:05 PM):
    IT WENT LIKE THIS....PLEASE DONT ASK FOR THE MONEY...PLEASE DONT ASK FOR THE MONEY....


    loop says to Hutch(7:06 PM):
    Howdy


    watson1 says(7:06 PM):
    ??


    loop says to rcookie(7:06 PM):
    That's what I am thinking.


    watson1 says(7:07 PM):
    how do you think that went

    watson1 says(7:07 PM):
    asking for the money


    rcookie says(7:07 PM):
    JUST HAPPENED THIS MORNING....MOD OBEIDI MET WITH THEM ALSO..


    Hutch says(7:08 PM):
    WHATS NEXT RCOOKIE?


    rcookie says(7:08 PM):
    REMEBER THERE IS A KUWAITI COMPANY VIEING FOR 1 OF THE 4 TELECOMMUNICATIONS LICENCES IN IRAQ...


    david334 says(7:09 PM):
    I knew that(@)


    jimplants says(7:10 PM):
    BROTHERS HELPING EACH OTHER FOR A LITTTLE INTEREST


    rcookie says(7:10 PM):
    Baghdad confirmed its success in attracting international companies to implement investment projects
    June 21, 2016 4.


    In Baghdad, confirmed Tuesday, their success in attracting international companies to implement investment projects in the capital.

    The secretariat said in a statement received our economy newsletter, a copy of it today as "succeeded in attracting international companies and a number of Arabic and local companies to implement investment projects in the capital after new investment mechanisms require thoughtful companies will be reflected on the economic realities of the capital and created business opportunities for labour".

    In the same context, the statement said "Secretary Baghdad memory Alloush briefed on ongoing work in implementing the concrete structure of the draft [Mary Mall] in port said Street who performs a 4400 square M2 and consists of 5 layers contain the markets and shops and Wedding Hall and restaurants.

    "The Secretary also informed the Baghdad ongoing work in implementing the investment compound housing people b people who pronounce it features 336 housing units and commercial and recreational events and includes 14 6 building layers for each building featuring 24 flat in first two 185 m and 135 m 2 with high quality technical specifications and tailored to the requirements of the family baghdadia.

    She noted that "project on 44-acre area also includes the implementation of a shopping mall and marketing complex and Recreation Center and pool, schools and kindergartens, parking and service events.

    LINK

    Read More :http://www.dinarupdates.com/showthre...ent-investment

    rcookie says(7:11 PM):
    BAGHDAD SECRETARIAT CONFIRMS THEIR SUCCESS IN ATTRACTING INTERNATIONAL COMPANIES TO IMPLEMENT INVEST PROJECTS IN IRAQS CAPITAL...OUTLINING ENGAGEMENT OF NEW INVESTMENT MECHANISMS TO CREATE IRAQI BUSINESSES AND JOBS...

    rcookie says(7:12 PM):
    SO FROM PLANNING AND PREPARATION TO OPERATIONAL ACTIVATION

    rcookie says(7:12 PM):
    THEY OUTLINE SOME OF THE PROJECTS AS 5 STORY MALL WHICH WILL INCLUDE SHOPS..RESTAURANTS..WEDDING FACILITIES..WITH 44 ACRES IN ADDITION TO SHOPPING MALL RECREATION CENTER WITH SWIMMING POOLS...SCHOOLS...AND RESIDENTIAL HOUSING FTO ACCOMMODATE 336 HOUSING UNITS...

    rcookie says(7:12 PM):
    JUST 1 OF MANY INDICATIONS OF PRIVATE SECTOR AND INTERNATIONAL COMPANIES ENGAGING EARLY IN IRAQS ENTRANCE TO GLOBAL ECONOMY IN EITHER STRAIGH PRIVATE SECTOR OR JOINT PARTNERSHIP BUSINESSES IN ALMOST EVERY SECTOR....


    jimplants says(7:14 PM):
    They will have private security also


    rcookie says(7:14 PM):
    THEY ARE NO LONGER FIXIN TO ATTRACT INT'L COMPANIES...IN INK THEY ARE FULL ON GETTING IT DONE!!!!!!!!

    rcookie says to jimplants(7:15 PM):
    GREAT POINT JIM...AND AS WE HAVE READ IN CERTAIN INSTANCES IRAQ IS PICKING UP TAB...


    jimplants says(7:15 PM):
    well armed aalso no slingshots

    watson1 says(7:15 PM):
    ??

    jimplants says(7:16 PM):
    comment


    Hutch says(7:16 PM):
    ANY QUESTIONS OR COMMENTS ?

    Hutch says to watson1(7:16 PM):
    GO


    watson1 says(7:16 PM):
    i thought these loan they were to pay kuwait and the kurds

    watson1 says(7:17 PM):
    just going over my note over the last few weeks


    rcookie says(7:18 PM):
    THE IMF HAS STATED THEY WANTED THE $9 BILLION WAR REPARATIONS PAID OVER THE NEXT 3 YEARS....AND KUWAIT HAS ALREADY KICKED THE CAN TWICE FOR THEM....SO I GUESS IT DOESNT HURT TO ASK....WE'LL SEE....


    Hutch says to jimplants(7:18 PM):
    GO


    jimplants says(7:18 PM):
    there is a business down here that makes armored cars and they have a massive order from Iraq SUVs that can take direct fire and keep going but their fuel milage suks


    david334 says(7:19 PM):
    ?


    Hutch says to jimplants(7:19 PM):
    I WANT ONE FOR OVER HERE !


    rcookie says(7:19 PM):
    THEY'RE CALLED THE CHICAGO MODEL.....


    jimplants says(7:19 PM):
    big nd black


    Hutch says to david334(7:19 PM):
    GO


    rcookie says to jimplants(7:20 PM):
    GREAT STUFF JIM!!


    david334 says(7:20 PM):
    These projects are funded by the companies bidding cause of high ROI


    rcookie says to jimplants(7:21 PM):
    WHICH ONES 334


    Hutch says to david334(7:22 PM):
    HES TALKING TO YOU..... COME ON NOW LOL


    david334 says(7:22 PM):
    Malls housing etc revenue generating projects this is not money coming from the IMF its companies \


    rcookie says to jimplants(7:22 PM):
    THESE DEVELOPMENT PROJECTS ARE BEING FUNDED BY DEV SIDE OF BUDGET AND PARTIALLY FROM IMF SBA LOANS...

    rcookie says to jimplants(7:23 PM):
    AND YES SOME SELF FUNDING IS INVOLVED...BUT AS YOU WILL SEE COMING UP THEY ARE MORE INTERESTED IN FUNDING THROUGH THEIR BANKS..


    david334 says(7:23 PM):
    Right but there is fiancial leverage at work from big global companoies

    david334 says(7:23 PM):
    Thx

    watson1 says(7:23 PM):
    ??


    rcookie says(7:23 PM):
    YES IT IS...SOME OF IT IS IN THE SBA LOANS...REPORT TODAY ABOUT THAT VERY TOPIC...


    Hutch says to watson1(7:24 PM):
    GO


    rcookie says(7:24 PM):
    STAY TUNED...BOY HAVE I GOT THE GOODS FOR YOU!!!

    rcookie says(7:25 PM):
    IT IS UNFOLDING BY THE SECOND..


    Hutch says(7:26 PM):
    OK LETS MOVE ON, WHAT DO YOU GUYS HAVE NEXT IN STORE FOR US ??


    rcookie says(7:27 PM):
    OK ALL...LOOPSTER...WHAT JUICY JUICE YOU HAVE FOR US...


    loop says(7:27 PM):
    I am going to post two of the questions and answers from the Almada Press interview with the CBI Governor Alak. The entire article is very long and I am still working through the translation and will bring more in the future.

    loop says(7:27 PM):
    First the title.

    loop says(7:28 PM):
    Central Bank Governor "long": equality dinar dollar threatens local production and the deletion of zeros depends on stability

    loop says(7:28 PM):
    Question: There is a clear failure in the banking sector as a working old systems, mechanisms and sees specialists said that one of the reasons for the decline of the investment process in the country, the fact that foreign investors looking for a safe and advanced banking environment to facilitate his work and fast delivery and keep his money.?

    loop says(7:29 PM):
    Answer: Yes, it is regrettable that the banking sector we have is still in its infancy, far from the optimum international practices, and the use of the latest and best technology into the work, and the majority of the appropriate degree of fairness and transparency and governance are not available, and far from the application of the rules of compliance and risk management and compliance requirements of the rules anti-money laundering, and that most of the private banks, was founded a few years ago, in exceptional circumstances and in front of exceptional challenges as well, making it the plague on marginal activities to achieve a quick profit, such as selling the dollar, has been dominated by their governing bodies are managed and harnessed to their own interests, so it is in front of us way whatever to correct this situation, you will see the results during the year.

    loop says(7:29 PM):
    Read it carefully and use what you already know.

    loop says(7:30 PM):
    IF THE BANK SECTOR IS IN IT’S “INFANCY” IT WILL BE GROWING UP QUICKLY IF WE ARE GOING TO “SEE THE RESULTS DURING THE YEAR”. WE KNOW FROM MANY ARTICLES THAT THE BANKING REFORMS HAVE BEEN IN THE WORKS HOW A LONG TIME NOW AND ARE FUTHER ALONG THEN WHAT ALAK IS ELLUDING TO HERE.

    loop says(7:31 PM):
    “the use of the latest and best technology into the work, and the majority of the appropriate degree of fairness and transparency and governance are not available,” WE KNOW THAT LAST YEAR THEY UP GRADED THEIR BANKING INFORMATION TECHNOLOGY INFRASTRUCTURE TO BE ONE OF THE MOST ADVANCED IN THE WORLD AND THAT PERSONNEL HAVE BEEN AND ARE BEING TRAINED ON THIS SYSTEMS. THESE SYSTEM GIVE REALTIME INFORMATION. I WOULD CALL THAT TRANSPARENCY FOLKS.


    rcookie says(7:33 PM):
    GREAT POINT LOOP....JUST LAST WEEK THE ANNOUNCEMENT OF THE 15 SPECIALISTS BEING CERTIFIED THROUGH SPECIFIC AML/CFT TRAINING!!..


    loop says(7:33 PM):
    WE ALSO KNOW THE COMPANIES SEEM TO BE LINING UP TO DO BUSINESS WITH THEM AS RCOOKIE JUST SHOWED US


    rcookie says(7:34 PM):
    ALL TO BUILD CONFIDENCE AND BRAND PEDIGREE...AND...

    rcookie says(7:34 PM):
    COME ON DU...


    loop says(7:34 PM):
    Next question:



    david334 says(7:35 PM):
    ?


    Hutch says to david334(7:35 PM):
    HANG ON


    SRW says(7:35 PM):
    Parity!!


    rcookie says(7:36 PM):
    CLOSE...LOOP IS GOING TO TELL YOU THE MAGIC WORD...


    Hutch says to david334(7:36 PM):
    GO


    david334 says(7:36 PM):
    answered it myself

    david334 says(7:36 PM):
    Thx


    Hutch says to david334(7:36 PM):
    YOURE GOOOOOD !


    jimplants says(7:36 PM):
    they are one of the FEW NATIONS that are Basil 3 compliant

    loop says(7:37 PM):
    Question: Project to delete the zeros Wayne now, why it did not apply private and it raises the value of the dinar.?

    loop says(7:37 PM):
    Answer: The project to delete the zeros still exists and we have a technical preparations in this area, but we are waiting for the stability of the general situation, because this is a great work when we need stability in addition to the stability in the development of institutions, in particular, what we can organize and manage the operation and supervision are not allowed with breaches or excesses.

    loop says(7:38 PM):
    The project to delete the zeros still exists and we have a technical preparations in this area!!!

    loop says(7:38 PM):
    LET’S CLEAN UP THE TRANSLATION A BIT.

    loop says(7:38 PM):
    THE PROJECT TO DELETE THE ZEROS STILL EXISTS AND WE HAVE MADE TECHNICAL PREPARTATIONS IN THIS AREA.


    Hutch says to loop(7:39 PM):
    I LIKE THAT ONE !!!


    loop says(7:39 PM):
    TO ME THAT IS SAYING THAT IT IS READY TO GO WHEN THE TIME IS RIGHT.


    rcookie says(7:39 PM):
    THERE IT IS!...THAT MAGIC WORD...


    loop says(7:39 PM):
    HERE’S THE NEXT PART


    rcookie says(7:39 PM):
    AGREED LOOP....


    loop says(7:40 PM):
    but we are waiting for the stability of the general situation, because this is a great work when we need stability in addition to the stability in the development of institutions


    rcookie says(7:40 PM):
    STABILITY.....


    loop says(7:40 PM):
    WE KNOW THAT THE BANKING SECTOR IS FURTHER ALONG AND THAT THE MONITORING, AND OVERSIGHT IS HAPPENING THOUGHOUT THE FINANCIAL SECTOR. WE SEE EVIDENCE OF THIS IN INK ON THIS ALMOST EVERY DAY NOW. WE ALSO KNOW THAT THE DEFINITION OF STABILITY THAT THE IMF AND WORLD BANK ARE LOOKING FOR MAY NOT BE THE SAME THOSE OF US FROM THE USA WOULD DEEM AS STABLE.

    loop says(7:41 PM):
    SO BY STABILITY THEY ARE NOT REFERRING TO WHAT I AM USE TO.


    rcookie says(7:41 PM):
    AND THE INSTITUTIONAL STABILITY ARE TE VERY ACTIONS LOOP WAS JUST TALKING ABOUT...


    loop says(7:42 PM):
    EXACTLY


    rcookie says(7:43 PM):
    THAT INTERVIEW WAS VERY LONG...BUT CHOCK FULL OF INCREDIBLY TELLING INFORMATION...


    loop says(7:43 PM):
    WE know from the ink over the last 6 months or more that there are much more stable institutionaly then some would have you believe.


    SRW says(7:44 PM):
    ?

    angus says(7:44 PM):
    ?


    loop says(7:44 PM):
    It would take a full Newstime to go through and do it justice.


    rcookie says(7:44 PM):
    I THINK WE SHOULD BREAK THAT WHOLE THING DOWN FOR A NT...


    Hutch says to SRW(7:44 PM):
    GO


    loop says(7:44 PM):
    Im in if you are.


    rcookie says(7:44 PM):
    (y)


    SRW says(7:44 PM):
    So, why is Alak making the above statements?


    Hutch says to angus(7:45 PM):
    HANG ON


    Hutch says to angus(7:45 PM):
    GO


    angus says(7:45 PM):
    the IMF would not be going to give them loans if they felt they were unstable would they?


    loop says(7:45 PM):
    IMO ALAK is doing what he is being told he can do.

    loop says to angus(7:46 PM):
    I agree 100%


    Hutch says(7:46 PM):
    GREAT QUESTIONS ANY OTHERS ?


    Aria says(7:47 PM):
    ?


    Hutch says to Aria(7:47 PM):
    GO


    Aria says(7:47 PM):
    What is Long Presse.. pls


    rcookie says to SRW(7:47 PM):
    HE IS SPEAKING AS TO THE DISPOSITION OF THE CBI...BANKING SECTOR...ECONOMY AND FINAANCIAL REFORM FOR CONTEXT OF THE INTERVIEW....


    SRW says(7:48 PM):
    Thank You!


    loop says to Aria(7:48 PM):
    It is one of the bigger news outlets in Irag


    Aria says to loop(7:49 PM):
    TY Loop!


    Hutch says(7:49 PM):
    THANKS LOOPSTER FOR ALL YOU DO FOR US ALL !


    loop says to SRW(7:49 PM):
    I think he does a great job in this interview.


    rcookie says to loop(7:49 PM):
    AGREED!!...


    Hutch says(7:49 PM):
    ANY OTHER QUESTIONS OR COMMENTS BEFORE WE MOVE ON?


    daytrader says to loop(7:50 PM):
    Recall that Saleh often spoke for Shabbibi and was very good at creating confusion, made conflicting statements etc. for what seemed to be misdirection.

    SRW says(7:50 PM):
    Exactly!!


    Hutch says(7:51 PM):
    WHATS NEXT IN STORE FOR US RCOOKIE ?


    loop says to daytrader(7:51 PM):
    THere's alot to be read between the lines in the article. So of it translation issues, while other parts are clearly Alak. He is smarter then I have been giving him credit for.

    loop says to daytrader(7:52 PM):
    Soon*


    rcookie says(7:52 PM):
    OK...SO THE FLIP SIDE TO ALL OF THIS REGIONAL AND INT'L INVESTMENT FLOODING INTO IRAQ IS THIS....

    rcookie says(7:52 PM):
    Local investors complain "monopoly" foreign counterparts projects and specialists attribute for "humility abilities"

    Author: ASJ, HH
    Editor: BK, HH
    22/06/2016 15:24
    Number of Views: 252

    Long-Presse / Baghdad

    Complained Iraqi investors, on Wednesday, the monopoly of foreign companies, especially Turkish, Iranian and Egyptian vast majority of jobs and projects what forced them to share or transfer their money abroad, as promised by official bodies that the investment map and put in order the country's reconstruction and development, depending on the capacity and efficiency regardless of the nationality company executing the project, attributed the reasons for the preference of foreign companies to the modesty of the financial and technical capabilities of the Iraqi counterpart.

    The owner of the contracting company Younis Hamza said in an interview to the (long-Presse), said that "85% of the investment opportunities go Turkish companies, an Iranian and a few of them go to Arab Egyptian companies in particular, despite the ability of Iraqi companies to implement them," noting that "the Iraqi investors lost hope to get In any unique investment opportunity in spite of the government, which stresses the need to support the recommendations of the national sectors, prompting them to participation of foreign companies or Arabic or transfer their money abroad in search of other opportunities. "

    For his part, attributed the company owner for the implementation of infrastructure Abu Yasir al-Khalidi in an interview to the (long-Presse), the reasons for departure government for Iraqi companies as "looking for a great commissions deposited outside Iraq," noting that "the Turkish investors and the Iranians and the Arabs got on investment projects in ways that is legitimate How else can we explain their access to opportunities for well-known Iraqi companies can implement them. "

    Read More :http://www.dinarupdates.com/showthre...ecialists-6-22

    rcookie says(7:53 PM):
    In turn, the head of the Investment Commission of Baghdad, Shaker al-Zamili, said in an interview to the (long-Presse), said that "the investment map of Iraq in general and the capital of Baghdad, in particular, put in order the country's reconstruction and development," noting that "the investment law did not specify the nationality of the company, which should be contracted, because standard efficiency is ruling under the controls and mechanisms stipulated by law. "

    He denied Zamili "there is no discrimination between foreign and Iraqi investors," returned to "can any investor competition for available projects."
    For his part, a senior official in the Ministry of Housing and Reconstruction, and Municipalities and Public Works, said in an interview to the (long-Presse), he said that "most of the projects put forward by the ministry to invest need to copious amounts advanced technical capabilities," pointing out that "the Iraqi companies such amounts do not have what he had The ministry orientation towards foreign companies. "

    The official, who asked not to be named, said: "Iraqi investors did not move away too much from those projects They were working in under secondary contracts awarded to them by Arab or foreign investors, a task that can not be ignored, and can allow them to future implementation of major projects."

    In turn, he criticized a member of the economic and investment commission in parliament Nora Albjara, in an interview to the (long-Presse), "to grant investment licenses to companies with nationalities specific way," indicating that "the entry of Arab investment companies or foreign to Iraq was too slow, and mostly unknown and a few experience but it took the lion's share has led to the reluctance of the majority of Projects directly. "

    She Albjara, that "many companies in the world, but the state should choose the best and most sedate them to implement projects well."


    Read More :http://www.dinarupdates.com/showthre...ecialists-6-22


    rcookie says(7:53 PM):
    For his part, the Federation of Chambers of Commerce, a member of Mohammed Saleh, in an interview to the (long-Presse), said that "the government that should embrace the development and rehabilitation of infrastructure with the help of the expertise of international companies," noting that "the need if called to an external capital should be done based on loans rather than investment. "

    Saleh continued, that "Iraq needs to strengthen its currency, local sectors of Bmsttmrah especially after the decline in oil prices," asserting that "local investor support can contribute to run Iraqi hands and moving the market and the survival of the funds within the country and to ensure that they leave."

    Saleh called on the government to "give a chance for the Iraqi investor that takes a role and compete with Arab counterparts and foreign after creating a conducive environment through activation of supporting the process of investment legislation and the provision of banking services through the development of the banking system, as well as security and political stability in the country."

    The House of Representatives passed in 2006, the Iraqi investment law, which it was said at the time that it would open the door to foreign investment, due to submit a lot of facilities to foreign investors, but many foreign companies are still hesitant because of fears that the security situation is stable in Iraq, adding that the law did not give investors the right to ownership of the property the project, and equated the Iraqi and foreign investors in both franchises, with the exception of real estate ownership, as it allows the foreign investor lease the land for 50 years, subject to renewal, according to paragraph 11 of the investment law.



    LINK

    Read More :http://www.dinarupdates.com/showthre...ecialists-6-22

    rcookie says(7:54 PM):
    SO LOCAL IRAQI INVESTORS CLAIMING MONOPOLIES OF REGIONAL OUTSIDE INVESTMENT PROJECTS LIKE TURKEY, IRAN AND EGYPT...WHOSE MAJORITY OF JOBS AND PROJECTS WILL FORCE THE SHARING OR TRANSFER OF PROFITS ABROAD...WHILE STATING THE INVESTMENT MAP CREATED BY OFFICIAL STATE BODIES THE MISSION STATEMENT OF IRAQS DEVELOPMENT & RECONSTRUCTION PLAN TO DEPEND ON EFFICIENCY AND CAPACITY REGARDLESS OF THE NATIONALITY OF THE COMPANIES...

    rcookie says(7:54 PM):
    ATTRIBUTING THE REASON FOR FOREIGN COMPANY BIAS OVER IRAQI OPTION TO FINANCIAL & TECHNICAL SUPERIORITY...WITH IRAQI BUSINESSMAN OFFERING METRICS OF 85% OF THE INVESTMENT OPPORTUNITIES GOING TO THESE REGIONAL ACTORS IN SPITE OF AVAILABLE IRAQI OPTIONS SO ASK “HOW DID THEY GET THEM”...

    rcookie says(7:55 PM):
    THE HEAD OF THE INVESTMENT COMMISSION ZAMILI STAES TGHAT THE INVESTMENT LAW DOES NOT OUTLINE TO SPECIFY NATIONALITY CONSIDERATIONS FOR THESE PROJECTS...AND STATES “THERE IS NO DESCRIMINATION BETWEEN IRAQI &FOREIGN INVESTORS”, AND ANY INVESTOR CAN COMPETE FOR PROJECTS...

    rcookie says(7:55 PM):
    THE MINTER OF HOUSING & RECONSTRUCTION MUNICIPALITIES/PUBLIC WORKS STATED MOST OF THE PROJECTS PUT OUT REQUIRE ADVANCED TECHNICAL CAPABILITIES WHICH IN SOME INSTANCES IRAQI COMPANIES ARE INFERIOR TO FOREIGN COUNTERPARTS AND ALLOWS THEM SUBCONTRACTING OPPORTUNITIES AND WORK TOWARD FUTURE CONTRACT AWARDS...


    Hutch says(7:55 PM):
    OPEN COMPETITION LOVE IT !


    rcookie says(7:56 PM):
    THIS SPARKED HIM TO CTITCIZE MO ALBJAR OF INVESTMENT & ECONOMIC COMMISSION OF OUTSIDE ARAB FOREIGN INVESTOR ENGAGEMENT AS TOO SLOW AND UNFAMILIARITY OF IRAQ INVESTING EXPERIENCE...AND IRAQ SHOULD ONLY CHOOSE THE VERY BEST TO HANDLE PROJECTS AND NOT RELEGATED TO NATIONALITY BIAS...


    loop says to rcookie(7:56 PM):
    They have a legitamate complaint.


    rcookie says(7:56 PM):
    HAMBER OF COMMERCE CHAIRMAN SALEH STATED THAT IRAQ SHOULD EMBRACE THE DEVELOPMENT HELP & EXPERTISE OF INTERNATIONAL COMPANIES AN D PREFERENCE OF EXTERNAL CAPITAL NEED THROUGH LENDING RATHER THAN INVESTMENT..AND STATED “IRAQ NEEDS TO STRENGTHEN ITS CURRENCY” AND DIVERSIFY NATIONAL PRODUCTION AWAY FROM OIL TO DRIVE THE ECONOMY THROUGH IRAQI HANDS THUS KEEPING CURRENCY INSIDE IRAQ...

    rcookie says to loop(7:56 PM):
    YES THEY DO...

    rcookie says to loop(7:56 PM):
    SALEH SAYS GIVE IRAQI INVESTORS A CHANCE TO COMPETE WITH ARAB & FOREIGN INVESTORS “AFTER INVESTMENT & BANKING LEGISLATION IS COMPLETED” AS WELL AS SECURITY AND POLITICAL STABILIZATION...DOES THAT SOUND FAMILIAR TO ANYONE...WOW!!...

    rcookie says(7:57 PM):
    SO SALEH STATING IRAQ NEEDS TO STRENGTHEN ITS CURRENCY!!!!!....


    loop says to rcookie(7:57 PM):
    That should put pressure on the MPs to pass the needed laws.


    Hutch says to loop(7:57 PM):
    (y)


    watson1 says(7:58 PM):
    (y) and does watson


    loop says to rcookie(7:58 PM):
    I totally agree with Saleh.


    rcookie says(7:59 PM):
    AGREED LOOP...WE NEED PUBLIC FINANACIAL MANAGEMENT LAW...BANKING LAW....CBI LAW...2016 BUDGET LAW AND AMENDMENT TO INVESTMENT LAW...


    Hutch says(7:59 PM):
    ANY QUESTIONS OR COMMENTS ?

    Hutch says(8:00 PM):
    COME ON.... YOU KNOW YOU WANNA.....


    rcookie says to loop(8:00 PM):
    AGREED...

    rcookie says to loop(8:01 PM):
    NO ?'S.....

    rcookie says to loop(8:01 PM):
    WOW!!


    daytrader says to loop(8:01 PM):
    Lots of contractors in Iraq that took advantage of the old system.


    rcookie says to daytrader(8:01 PM):
    AND HAS ALL THE FACILITATORS THEY COULD HANDLE...


    daytrader says to rcookie(8:02 PM):
    Agreed. Much more transparency


    loop says to daytrader(8:02 PM):
    There was an article about that a couple a days ago. They are starting to go after some of them.


    daytrader says to loop(8:03 PM):
    Just getting started, even if it's just 88 million.


    Hutch says(8:03 PM):

    WHAT AN EXCITING NEWSTIME !!!! SO MUCH GREAT NEWS!!!!!
    THANK YOU RCOOKIE AND LOOP FOR A GREAT NEWSTIME!!!!!
    AND THANK YOU ALL YOUR PARTICIPATION !!
    THANK YOU SHEILA & DTE FOR COPYING AND COLORING !!
    THANKS SUBBY FOR YOUR HELP AND THE BEAUTIFUL PRAYER !
    HAVE A GREAT EVENING EVERYONE !!!!


    Last edited by DTE; 06-23-2016 at 05:11 AM.



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