MadDScout says(7:33 PM):
Good evening everyone, welcome to Newstime for Tuesday, 21 March, and thank you all for being here.

MadDScout says(7:34 PM):
I hope everyone had a blessed day.

MadDScout says(7:34 PM):
Thank you to all those who technically support this newstime, we have a great team!

larrykn says to MadDScout(7:34 PM):
the news you have brought in sure made my day thank you

Luckyinkentucky says(7:34 PM):
I'm in.......YAY

MadDScout says to larrykn(7:35 PM):

My pleasure Larry

MadDScout says to JETSET(7:36 PM):

We have Daniel with us tonight who is going to bring the prayer

MadDScout says to JETSET(7:36 PM):

When you are ready

JETSET says to Luckyinkentucky(7:36 PM):
welcome, my friend!

JETSET says to Luckyinkentucky(7:36 PM):
Lord, we thank you for another day to be here to honor and glorify you. Help us to love you with all of our heart soul and mind and to love our neighbors as ourselves. Bless the people here in the DU chat room and give them a heart for others. Bless this news time in Jesus name, AMEN!

Okie Dinar says(7:36 PM):
MadDScout says(7:36 PM):
larrykn says(7:36 PM):
Wvchsr says(7:37 PM):
Baxter1243 says(7:37 PM):
Craveman says(7:37 PM):
puffdragon says(7:37 PM):
Kerryjeanfit says(7:37 PM):
David8 says(7:37 PM):
pacella says(7:37 PM):
prs says(7:37 PM):
hunter59 says(7:37 PM):
Luckyinkentucky says(7:37 PM):
thanks has been a long time
SRW says(7:37 PM):
puffdragon says(7:37 PM):
eaglesrest says(7:37 PM):
BGG says(7:37 PM):
Mrs BGG says(7:38 PM):
Moneymom says(7:38 PM):
Cricket22 says to larrykn(7:38 PM):
(L) Amen (L)
dcook2 says(7:38 PM):
dale says to Bosun Commander(7:38 PM):
sassy says(7:38 PM):
Cricket22 says to larrykn(7:38 PM):
:love Amen :love

MadDScout says to Okie Dinar(7:38 PM):
Kaleigh, if you have them available, you can bring the rules in.

Okie Dinar says(7:38 PM):

MadDScout says to Okie Dinar(7:38 PM):

Thank you kindly ma'am

Okie Dinar says(7:38 PM):
You're welcome

MadDScout says(7:39 PM):
I know Abadi had a busy day today. His dogs must be barking.

MadDScout says(7:39 PM):
Abadi today met with :
President Trump, V.President Pence, Secretary of State Rex Tillerson, Speaker of the House Paul Ryan and members of Congress, US Trade secretary Wilbur Ross, US Chamber of Commerce, along with delegations from GE and Boeing among others.

MadDScout says(7:39 PM):
I wanted to start with Abadi's arrival yesterday to the U.S.

MadDScout says(7:40 PM):
Here is a report from yesterday by Mrs. BGG:

Trump, al-Abadi and Iraq’s future

20/3/2017 5:11p.m.

Iraqi Prime Minister Haider al-Abadi arrived Washington, DC Monday on a visit to meet president Trump, along with Vice President Mike Pence, Secretary of State Rex Tillerson, Speaker of the House Paul Ryan and members of Congress. This is the first time a high-level Iraqi official will meet face-to-face with Trump, who has said that he feels his country has spent a lot on Iraqi security since the 2003 invasion without getting anything back in return.

The Prime Minister’s office issued an official statement Sunday saying that the goal of Monday’s visit is to improve bilateral relations between the two countries, with a focus on military and economic ties. al-Abadi will also meet with officials from a number of international institutions and organizations, and will attend a meeting of the global coalition working to defeat ISIS.

It is clear that the support of the US-led coalition, including the deployment of American troops on the ground, will play a huge role in minimizing the time Iraqi security forces will need to retake the western side of Mosul. American forces operating out of the Qayyarah airbase have been involved throughout the battle, using Apache helicopters and smart missiles to fend off ISIS fighters inside the city.

The battle to retake Mosul in its entirety is likely to end before mid-April, given the progress made so far, and follows many other battles to eliminate ISIS’ presence in Iraq completely.

Without the continued assistance of the international coalition and American forces, the Iraqis won’t be able to defeat ISIS. But Iraqi media outlets, mainly those run by Shiite parties or backed by Iranian funds, insist that it is Iran has been the main contributor to the fight for retaking Mosul.

President Trump increased the presence of American forces in Syria this month. American aircraft also still use freely the many Iraqi airfields like Al Asad Airbase and Al-Taqaddum Airbase at Habbaniyah, as well as various also air bases in Kurdistan. Additionally, several hundred Marines were deployed to Syria earlier this month as part of an operation to retake the cities of Raqqa, the de-facto capital of the self-proclaimed Islamic State, and Deir Al Zor. They have entered Syria through the country’s Turkish border, but they will need to be able to operate in western Iraq to succeed in capturing Raqqa.

Al-Abadi knows Iraq will never survive unless it receives real support comes from Washington. Thus, in the coming August election, al-Abadi might break away from Al Dawa Islamic party currently led by former prime minister Nouri Al Maliki, and instead create and lead his own party.

With a new administration in office, al-Abadi will need to listen to language which may be quite different from what he is used to hearing from Obama administration. al-Abadi has always stressed that his first priority to defeat ISIS, and has shelved government reforms and programs to support reconciliation between the country’s divided political, ethnic, and sectarian groups. In the weeks after al-Abadi comes back from DC, Iraqis will see what kind of exhortation he gets from the new US administration.

This piece was edited by H. Graph Massara, UC Berkeley.

JETSET says(7:42 PM):
Does anyone have any questions ? or comments !

MadDScout says(7:43 PM):

This is a very good feel of how the new US President is working in a positive way with Iraq

MadDScout says(7:43 PM):

This was a jelly donut day

MadDScout says(7:43 PM):

Crammed full

MadDScout says(7:43 PM):
This report is about the meeting with the US Trade Secretary Wilbur Ross

JETSET says(7:44 PM):
absolutely! they were hopping today!

MadDScout says(7:44 PM):

Of which there were a few reports some with more info

MadDScout says(7:45 PM):

another report on the meetings

Abadi discusses with US Trade Secretary lifting obstacles to investment companies

2017/3/21 17:47 • 68 times read

BAGHDAD (Reuters) - Prime Minister Haider al-Abadi, during his visit to the United States, discussed with US Commerce Secretary Wilbur Ross the promotion of trade cooperation between the two countries.

The two sides also discussed, according to a statement of the Prime Minister's Office received the agency {Euphrates News} a copy of it, "increase investment by US companies and lift obstacles to entry and a number of topics that serve to strengthen bilateral relations."

MadDScout says(7:46 PM):
This was a very good meeting from reports

MadDScout says(7:46 PM):

I can not remember a one day event that produced so much positive for all sectors
MadDScout says(7:47 PM):

JETSET says(7:48 PM):
Does anyone have any questions ? or comments !

puffdragon says(7:48 PM):

sunshine1 says(7:48 PM):

JETSET says to puffdragon(7:48 PM):

MadDScout says(7:48 PM):

It was like Abadi ran the table today LOL

JETSET says to puffdragon(7:49 PM):

puffdragon says(7:49 PM):
Lift obsticles for entry !! not much chance of entry at the current dinar value !

JETSET says to sunshine1(7:49 PM):

sunshine1 says(7:50 PM):
Citi bank also mentioned lifting obstacles. Are they both referring to the same thing?

MadDScout says to sunshine1(7:50 PM):

In the broad sense I would say they do relate

MadDScout says to sunshine1(7:51 PM):

As to specifics

puffdragon says(7:51 PM):
Only with a revalue would you see entry by outsiders !

MadDScout says to sunshine1(7:51 PM):

that may be a "need" question as to the particular bank

MadDScout says to sunshine1(7:52 PM):

but on the whole everyone is on the same page as to motive and intent

new horizon says(7:52 PM):
I have been in this a long time and I have never seen things come together like this.

sunshine1 says(7:52 PM):
Thank you.

MadDScout says to sunshine(7:52 PM):
You're welcome

MadDScout says to new horizon(7:53 PM):

MadDScout says to new horizon(7:53 PM):

was a very positive day for us investors and for Iraq as a whole

BGG says to MadDScout(7:53 PM):

Great job Pat!!

MadDScout says to BGG(7:53 PM):

Thank you

JETSET says(7:54 PM):

anyone else comment or questions?

JETSET says(7:54 PM):

if not, here we go with the next article!

new horizon says(7:54 PM):

IMO it looks good from now to the end of the month.

MadDScout says(7:55 PM):

Here is one about the integration of the private and public sectors

MadDScout says(7:55 PM):

A comprehensive plan to promote the integration of the private and public sectors

The new morning
Economic affairs
March 21st, 2017


Iraqi Businessmen Union: Adopting recycling mechanisms
Baghdad the new morning:

The Iraqi Businessmen's Union has put together a comprehensive plan to promote the integration of the private and public sectors, according to its chairman, Ragheb Blibel, as it became necessary after the former has clearly contributed to economic decisions that change the shape of economic performance for the better.

Blibel said that the union "is working on organizing an expanded workshop to diagnose the imbalance in economic performance and put forward logical solutions that take into account the requirements of development of the vital sectors," which he considered "a step to restore life to the local market and by offering a national product, Negative repercussions on the consumer and the content of the source, and follow-up of the competent agencies that define their mission to protect the product and the consumer at the same time ».

He stressed that the Union "favors the adoption of mechanisms that encourage recycling the wheel of production in a manner that serves the national industry." He pointed out that the decision of the Ministry of Industry and Minerals to freeze the benefits of some industrialists affected by terrorist operations or stopped for many factors such as lack of funding is a step in the right direction, Including all industrialists ».

He pointed out that «the increase in the volume of loans to the industrial sector serves the goal of Iraq's transition from a consumer to a producer», warning «the results of the opening of local markets to goods without specifications or products of poor or medium quality and to damage the national economy and the depletion of Iraqi funds». He stressed the importance of activating the strategy of developing the private sector and industrial development, which represents the goal of the Union during this stage.

The Minister of Industry and Minerals, Mohamed Shi'a al-Sudani announced that the ministry «will adopt a proposal and submitted to the Committee of Economic Affairs to freeze the benefits of some of the affected industrialists».

MadDScout says(7:57 PM):
Pointing to oversight of all imports

He said after meeting with the Director of the Industrial Bank of Iraq Bilal Sabah al-Hamdani, «the meeting dealt with the obstacles to facilitate the granting of loans to industrialists, especially the benefits accumulated and became a major obstacle in front of them».

He pointed out that the meeting «touched on important issues related to the revitalization of industry, granting loans within the government initiative through the Central Bank of Iraq, and the theme of industrial cities and encourage the construction of the entry of the Industrial Bank supporting projects in the industrial cities to overcome the guarantees required for the industrial project, In the establishment of projects ».

In a related context, the member of the Baghdad Economic Forum Amer Jawahri, that «the government adopts a campaign« Made in Iraq »and the required support that increases the ability of the domestic product to continue and development, diversity and competition, especially in light of the inability of thousands of domestic industrial plants to compete with foreign products In local markets. "

In an interview with Al Hayat International, Al-Jawahri stressed that the Ministry of Industry and Minerals and the Industrial Coordination Council of the Ministry should adopt the recommendations of the Industrial Strategy 2030.

He stressed the importance of «forming a single window in the ministry to facilitate the procedures and provide all kinds of support and advice and solve the problems and bottlenecks and difficulties facing the private industrial sector and mixed».

He considered the need to "develop the relationship and provide services and facilities to local and foreign investors in all fields." He called for "encouraging the export of local industrial products from the public, mixed, private and professional sectors without any conditions and limitations, except the importance of maintaining quality and providing logistical facilities to achieve the speed of export operations, efficiency, efficiency and competitiveness in the markets."

JETSET says(7:58 PM):

Does anyone have any questions ? or comments !

MadDScout says(8:00 PM):
I did see another report from integrity(member of) talks of how Iraq will not need loans if it gets a handle on this situation right here

Midell says(8:01 PM):

Nice room, is it news time

MadDScout says to Midell(8:01 PM):

JETSET says to Midell(8:01 PM):

yes. we are in news time right now. glad you are here.

Midell says(8:01 PM):

Ok thank you

MadDScout says to Midell(8:02 PM):

Thanks for reminding me I wanted to give BGG a hand on the job he has done with the new room and the "coming soon" attractions

MadDScout says to BGG(8:02 PM):
Thank you for the new digs

MadDScout says(8:03 PM):

this report is from a biggie

MadDScout says(8:03 PM):

Another report from yesterday about reconstruction

Economic Advisers to the United Nations: States and Companies preparing for the reconstruction of Iraq


Baghdad (Reuters) - Iraq foreign minister and ambassadors are visiting to secure for reconstruction, another economist said Monday, adding that rebuilding would be "difficult and difficult."

The United Nations economic adviser in Iraq, Dr. Falah al-Lami, said in a press statement that "after the victories achieved by Iraq against gangs, the international community has welcomed the idea of Iraq's reconstruction and transition to a strategy to build."

He pointed out that "the reconstruction will generate a lot of profits on investment
companies," adding, "Also notes the shuttle visits initiated by a number of ambassadors and foreign ministers to Baghdad and meetings with Prime Minister Haider Abadi, all came after the victories and also represents a qualitative leap towards construction Investment and reconstruction in the next phase."
MadDScout says(8:04 PM):
Al-Lami pointed out this "will be crowned by the expected meetings between the Iraqi Prime Minister and the US President, and there is a lot in the government of the US on this aspect."

Prime Minister Haider al-Abadi left Iraq yesterday for the United States to meet US
President Donald Trump at the invitation of the latter. During the meeting, he will discuss the reconstruction campaign throughout Iraq after the end of the war against the Al-Qaeda organization.

Al-Lami said that "Iraq has the largest reserves in the world of oil, and this makes it easy to invest in it, because the process of obtaining funds in it very quickly," noting that "the current agreements with Iraq benefit investors more than their usefulness to Iraq."

MadDScout says(8:05 PM):
"However, Iraq will benefit through this investment in the reconstruction of the country because many infrastructure in the provinces of Iraq is dilapidated, and this needs to develop a large plan for Iraq in general and not only to the provinces that have been subjected to occupation," stressing that "among the steps of the Iraq government is the trend toward investment because Iraq suffered from rampant corruption as well as from wars."

But economist Karim al-Fatlawi sees the opposition, saying that "the process of rebuilding Iraq is difficult and difficult for two main reasons."
The first reason is declined oil revenues during the previous period and the current," noting that the second reason "is important is the process of fighting corruption, properly rpovide part of the money to rebuild Iraq."

He pointed out that "the devastation in Iraq in unimaginable, and we can imagine the beginning of the Iran-Iraq war in 1980 followed by the period of economic siege until 2003, and then came the period of regime change, which increased after the period imports of Iraq. The money is invested to come after the war against the organization of Dahesh, which began to drain the large resources, in addition to the devistation left by.

MadDScout says(8:05 PM):

Al-Fatlawi added that "the issue of investment project has already been put forward in the time of the former Iraqi government, the so-called payment of time, a good opportunity for Iraq to put forward its investment projects, because it has resources far exceed the resource of other countries that are living in better economic situation than Iraq, and companies can carry out investment operations, but must create a suitable ground for it.

JETSET says(8:05 PM):
Does anyone have any questions ? or comments !

MadDScout says(8:05 PM):


larrykn says(8:06 PM):


MadDScout says(8:06 PM):

I hope everyone saw that last report as a good one to see
this is coming from the UN

JETSET says(8:08 PM):
We are short staffed tonight so our round table ended up being a card table for 2.... sooo we are basically done with the articles...

Does anyone have any general comments or questions about any of the articles or just where we are in this process?

MadDScout says(8:08 PM):

This newstime was meant to be a roundtable so if anyone has anything we did not bring in tonight, and you would like to ask fire away

MadDScout says to JETSET(8:09 PM):


sunshine1 says(8:09 PM):

JETSET says(8:10 PM):

If you follow some of the iraqi twitter feeds, it was amazing to see pictures of everyone who Abadi met with today!

MadDScout says to sunshine1(8:10 PM):


sunshine1 says(8:10 PM):

Iraq needs international acceptance to effectively raise the exchange rate. Who are the major players that this refers to?

Kerryjeanfit says(8:10 PM):
There was an article about implementing the budget

MadDScout says to sunshine1(8:11 PM):

Are you talking about for a currency shift?

sunshine1 says(8:12 PM):


MadDScout says to sunshine1(8:12 PM):

Who makes that decision?

MadDScout says to sunshine1(8:12 PM):

That would be a combination to a degree but it starts with CBI for a currency shift

sunshine1 says(8:13 PM):

It is my understanding that the CBI is the one to change the rate but it must be accepted by the international community.

MadDScout says to sunshine1(8:13 PM):
Yes there is a set of criteria that Iraq must meet

MadDScout says to sunshine1(8:13 PM):

most of which(that we can follow) seems to be in the final stages

sunshine1 says(8:13 PM):

I guess I'm just wondering "who" the main ones are in the "international community".

MadDScout says to sunshine1(8:14 PM):

and some "ahead of schedule"

JETSET says to Kerryjeanfit(8:15 PM):
do you have a question about a budget article?

MadDScout says to sunshine1(8:15 PM):
It is ultimately Iraq(CBI's) decision to move forward even if criteria are met

Kerryjeanfit says(8:15 PM):


Kerryjeanfit says(8:16 PM):
It was a recent article correct?

sunshine1 says to MadDScout(8:16 PM):

Thanks. Just trying to understand the logistics of all of this.

JETSET says to sunshine1(8:16 PM):
it would be a combination of the IMF, WB & UN as well as United States, Great Britain, Germany, France, China, Japan, etc... they all have financial skin in the game so they are also influential in this process.

JETSET says to sunshine1(8:17 PM):
but like Madscout said, the CBI and the IMF will make it happen in the end.

Kerryjeanfit says(8:17 PM):
What are your thought on it?

JETSET says(8:17 PM):
that is what makes this so complicated in a lot of ways. lots of players involved with lots of influence

MadDScout says to JETSET(8:17 PM):

Yes Acceptance

MadDScout says to Kerryjeanfit(8:18 PM):
The budget being implemented?

Kerryjeanfit says(8:19 PM):
Talks of the budget implementation

MadDScout says to Kerryjeanfit(8:19 PM):

Yes they are attempting right now to do that

Kerryjeanfit says(8:19 PM):


MadDScout says to Kerryjeanfit(8:19 PM):

They have gotten some accomplished while others lack resolve

MadDScout says to Kerryjeanfit(8:20 PM):the ones with resolve issues revolve around the management aspects of some of the now liberated provinces

MadDScout says to Kerryjeanfit(8:20 PM):
They have dispersal problems in some areas

MadDScout says to Kerryjeanfit(8:21 PM):
but are actively working on these issues

MadDScout says to Kerryjeanfit(8:21 PM):
Has this helped

MadDScout says to Kerryjeanfit(8:21 PM):

Kerryjeanfit says(8:21 PM):

Yes sir love the progress thank you for a deeper explaining

MadDScout says to Kerryjeanfit(8:21 PM):
You are welcome

JETSET says(8:22 PM):

anyone else with questions or comments?

MadDScout says(8:24 PM):
If the news of the last couple days don't light your wick

you need to check your wick


jazzergirl says(8:25 PM):

JETSET says(8:25 PM):

Frisco42 says(8:25 PM):


MadDScout says(8:25 PM):

If no more ??'s we will say good night from here and thank you all for being with us for the first newstime in the new room

It was fun