Delta at KTFA Wednesday Evening: “IMF Article”  

KTFA:

Moneytalks1:  Frank and family, VERY EXCITING ARTICLE  (see article below)

I think this latest IMF article is VERY VERY important in terms of determining the final international rate(s)-not only of the IQD- but of corresponding international rates for various countries wishing to export to Iraq…tarrif and rate related.

IMO, the is the last piece of the “new Math” that Frank talked about recently.

DELTA:  I’M SURPRISED NO ONE IS JUMPING ON THIS ARTICLE !!!

HERE IS WHY

FAMILY DO YOU REMEMBER THIS ANNOUNCEMENT FROM CBI ON 12/20.?
….

To all licensed banks and licensed money transfer all companies and financial investment companies and broker the buying and selling of foreign currencies approved all companies ( foreign exchange rate )

We would like to inform you that the exchange rate by international standards is still under study and we will inform you about the results as soon as we done knowing that was changing the base rate of the US dollar against the Iraqi dinar before this to 1182 Dinners per dollar .

DELTA:  CBI WAS WAITING FOR THE STUDY TO BE DONE FOR THE EXCHANGE RATE

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IMF’s Middle East Regional Technical Assistance Center and the Statistics Department Conclude Workshop on Price Index Compilation Issues

Press Release No. 16/48 February 8, 2016

The International Monetary Fund (IMF)’s Middle East Regional Technical Assistance Center (METAC) and the Statistics Department held a workshop on “Price Index Compilation Issues” in Beirut, Lebanon from February 1-5, 2016.

The workshop addressed specific price statistics compilation issues of participating countries. International standards and best practices were discussed with regard to the compilation and dissemination of price indexes.

The interactive workshop facilitated extensive discussions and included practical exercises. In a final wrap-up session, participants were given the opportunity to identify potential areas for future METAC technical assistance support.

Officials from national statistical offices who are involved in the compilation of price statistics in the Middle East and North Africa (MENA) region attended the workshop. In total, 24 participants from eight countries attended.

The countries represented included: Afghanistan, Egypt, Iraq, Jordan, Lebanon, Pakistan, Sudan, and West Bank and Gaza.

https://www.imf.org/external/np/sec/pr/2016/pr1648.htm

United Nations: Oil still the main source of ISIS financing

The UN Under-Secretary-General for Political Affairs Jeffrey Feltman stated, that ISIS is still trading in oil despite the United Nations’ decree that bans financing terrorism.

Feltman said in a statement during the Security Council meeting and obtained by IraqiNews.com, “ISIS emergence has been facilitated by the protracted conflicts and instability in Iraq and Syria, as well as the weakening of State institutions and the inability of the States to exercise effective control over territory and borders,” adding that, “The group, which has benefited from a flow of financial resources and its ties with transnational organized criminals, is expanding its operations to other regions.”

The UN Under-Secretary-General for Political Affairs continued, “ISIS main funding sources include the exploitation of oil and other natural resources, “taxing”, confiscation, looting of archeological sites, external donations, ransom payments; and other financing techniques, such as the use of the Internet and social media to raise funds.”

He also pointed out, “ISIS attraction to potential recruits continues unabated — particularly among young people in both developed and developing States,” indicating that, “It is estimated that around 30,000 Foreign Terrorist Fighters, originating from over 100 Member States and driven by a number of social, economic and geopolitical conditions, combined with individual circumstances, are actively engaged with ISIS and associated groups.”

“These groups are using the Internet and social media as a promotional and recruitment tool. Information and Communication Technologies play a crucial role in the preparation of FTF travel to join ISIS and its affiliates, the training and sharing of “effective practices” and the planning of attacks,” Feltman added.

LINK

Backdoc at KTFA 2-10-16: “Implementation Day!”

KTFA:

BACKDOC:  WELL THUNDER WHO’S TALKING?

WELL, IRAN SEEMS TO BE REFERRING TO A DAY WHERE ALL THESE CONTRACTS FOR THINGS THEY ARE BUYING AND SELLING WILL BE SET IN MOTION!
 
IMPLEMENTATION DAY!
 
YOU HAVE TO LOVE IT! YES FAMILY EVENTUALLY THESE CONTRACTS HAVE TO HAVE SETTLEMENT DATES! THEY ALREADY TOLD US THAT WHAT CURRENCIES THOSE SETTLEMENTS WOULD BE IN DIDN’T THEY?
 
OHH YAAA! EUROS FOR OIL!
 
WITH IRAQ STATING THAT THEIR FINANCIALS WILL RETREAT TO THE FIRST OF THE YEAR, WE NOW WAIT FOR THE DRAGON TO LIGHT IT’S FIRE AT THE END OF ITS, NEW YEAR HOLIDAY!
….

AROUND THE 15TH ACTION WILL BEGIN ON SOME LEVEL!

HOW SIGNIFICANT THAT WILL BE REMAINS TO BE SEEN BUT IF IRAN IS RIGHT AND THEY HAVE BEEN SO FAR, WE ARE APPROACHING IMPLEMENTATION DAY VERY SOON!
 
IF THE IMF GETS ITS WAY FOR IRAQ ON LETTING IT CHANGE CURRENCIES FREELY FOR INVESTMENTS WE MAY SEE A MERGING OF ALL SCENARIOS AROUND A WINDOW OF THE 15TH TO THE 22ND AS JUST A BALL PARK!
 
THAT WOULD GIVE ENOUGH FLEXIBILITY FOR IRANS STATEMENTS OF LESS THAN A MONTH TO BE ACCURATE!
 
EITHER WAY WE ARE CLEARLY HEADED QUICKLY TO IMPLEMENTATION DAY MY FRIENDS! IRAN WANTS TO BE PAID AND AS WE HAVE CLEARLY SHOWN YOU!
 
THEY WON’T DO THIS WITHOUT THEIR TRADING PARTNER IRAQ, SINCE THEY SHARE INCOME PROPERTIES AND NEED TO HAVE COMPATIBLE CURRENCIES!
 
8@8,DOC    IMO

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Thunderhawk:   Backdoc Alert

Cashing Out: Why Has Iran’s State Oil Company Decided to Dump the Dollar?

Picture
Tehran has taken revenge on Washington for years of US-driven economic warfare against Iran: the National Iranian Oil Company has announced that Iran will only accept payment in euros, not dollars, for its oil, F. William Engdahl notes, adding that Saddam Hussein had adopted a similar ‘petroeuro’ practice, prompting the US to invade Iraq.

On January 16, 2016 SWIFT (Society for Worldwide Interbank Financial Telecommunication) announced that it was readmitting all Iranian banks into the payment system following an official report from the IAEA that Tehran met the requirements of the nuclear deal.

“The EU stated that European companies, including oil companies, were no longer prohibited from doing business with Iran.

The Obama Administration, however, was not so generous. The US Treasury stated that ‘the US embargo will generally remain in place, even after Implementation Day, because of concerns outside of Iran’s nuclear program’,” American-German researcher, historian and strategic risk consultant F. William Engdahl writes in his article for New Eastern Outlook.

Washington’s move hardly took Tehran by surprise: Iran’s Supreme Leader Ayatollah Khamenei has repeatedly claimed that Obama administration officials cannot be fully “trusted.”

However, the Iranian leadership is not going to fret and fume over the White House’s decision to lift only a portion of its sanctions on Iran. Instead, the Middle Eastern grandmaster has made its own move.

“In gratitude for 37 years of USA economic sanctions being lifted, on February 5… an official of the National Iranian Oil Company has announced that Iran will accept payment only in euros, not dollars, for its oil.

The official added that that rule applied to newly signed deals with France’s energy giant Total, Spain’s refiner Cepsa and Russia’s Lukoil,” Engdahl points out.

“Our top priority is to receive cash and oil demands in euros,” Safar-Ali Karamati, Deputy Director of International Affairs for Marketing and Crude Oil Operation in the National Iranian Oil Company, told Shana on February 6, 2016.

Citing Iranian Minister of Petroleum Bijan Zangeneh, the media outlet elaborated Tuesday that foreign oil companies that owe Iran billions of dollars would be compelled to settle their debts in euros.

“Greece’s Hellenic Petroleum, Italy’s Saras and Royal Dutch Shell own Iran about $4bn which will be paid back to Iran in euros,” Shana reported, adding that Emirates National Oil Company (ENOC), Japan and the Netherlands have started to repay their debt to the Central Bank of Iran.

“Why is this such a big deal, you might be asking? In and of itself it isn’t,” Engdahl remarks.

The crux of the matter is that Tehran’s decision coincided with similar moves among other nations of Eurasia, most notably Russia and China. The countries are shifting from the dollar to national currencies in their oil trade.

To add insult to the petrodollar’s injury, Russia is planning to start trading Russian crude oil futures in rubles on the St. Petersburg Mercantile Exchange.

Moreover, Moscow is considering the creation of a new Urals ruble oil benchmark to replace the US-dollar Brent futures at the London ICE exchange, Engdahl emphasizes.

The researcher calls attention to the fact that the dollar’s hegemony is rooted in the petrodollar recycling system.

Engdahl’s book “A Century of War: Anglo-American Oil Politics” tells the astonishing story of the petrodollar’s “birth” back in the 1970s.

“In December 1974, in strict secrecy, the US Treasury Assistant Secretary, Jack F. Bennett, later to become a director of EXXON, signed an agreement in Riyadh with the Saudi Arabian Monetary Agency (SAMA, the Saudi central bank). The mission of SAMA was ‘to establish a new relationship through the Federal Reserve Bank of New York with the US Treasury borrowing operation.

Under this arrangement, SAMA will purchase new US Treasury securities with maturities of at least one year,’ explained Bennett in a February, 1975 memo to Secretary of State Kissinger,” the researcher narrates.

That meant the US government was free to run almost unlimited deficits, since Saudi petrodollars would buy US debt, Engdahl explains.

Furthermore, Riyadh persuaded the OPEC oil states to sell their crude for US dollars only. In return, Washington supplied Saudi Arabia with modern American weaponry and turned a blind eye to the misdeeds of the House of Saud.

“The result was a dramatic revival of a sinking US dollar,” the researcher points out.

Washington jealously guarded its interests. When Iraqi leader Saddam Hussein began to sell oil for euros, Iraq was invaded by the US and the undesirable regime of Hussein toppled. The petrodollar’s hegemony was restored.

All good things must come to an end, though.

The emerging economies of the BRICS are moving away from the dollar and it seems that the end of the dollar-based world economy is around the corner.

http://www.seznam.name/rss-clanek-21228 … ollar.html

BACKDOC:  FANTASTIC ARTICLE WS! (See article below)

COULD THEY BE WAITING TO SWAP ON IMPLEMENTATION DAY? MMMMMM

WE CAN ONLY SPECULATE FOR NOW, BUT WE WONDER WHAT CURRENCIES THAT CHINA WILL PEG TO ONCE IT DE-PEGS FROM THE DOLLAR! MMMMM

DOC   IMO

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DITTO: Thanks WS GREAT ARTICLE!!!  ThunderHawk

Walkingtick:   Ruble-Rial Swap on Hold

EconomyBusiness And Markets

It would take more time for Iran and Russia to initiate a currency swap, said Ghadir Ghiafeh, vice chairman of Iran-Russian Chamber of Commerce, on Tuesday.

He said although both countries are firm in their decision to do so, there might be a delay in launching the agreement, mainly because both the ruble and the Iranian currency are weak at the moment, and the two countries’ economies are dependent on the US dollar and oil revenues, eximnews.ir quoted him as saying.

Tehran and Moscow unveiled plans for a currency swap agreement on January 2015.

Iran has been trying to curb its dollar transactions since the imposition of economic sanctions a decade ago and gradually replace the greenback with the Chinese yuan, euro, Turkish lira, Russian ruble, and South Korea’s won.

Short Url : http://financialtribune.com/articles/ec … -swap-hold

Adam says he is reserving his comments.

Adam Montana I’m reserving my comments on the dinar situation for a short time. I’m going to wait on a few developing items before I spend my usual time on it. I like what I’m seeing in Iraq right now, but I can’t announce an RV yet, so I’m holding off. There’s a small to medium chance that I’ll come back later today or tomorrow with a further update, but that depends on Iraq.

 

Breitling talks about the IQD.

Breitling Iraq’s currency is not at market rate it’s artificially kept down. So they can’t go any lower than what it is at today, they simply can’t. So what do they have to do if the price per barrel goes down? They actually have to add value to make up for what it is they’re loosing…because their currency is so artificially low they are in the position to…be able to add value to their currency. There is multiple things they can use their currency for as a hedge and they they have a huge advantage.

 

Turkish President slams US over support for Syrian Kurds

Turkish President Recep Tayyip Erdogan condemned US help for Syrian Kurds and warned that American’s support for the Syrian Kurdish opposition groups will turn the region “into a pool of blood.”

“Are you on our side or the side of the terrorist PYD and PKK organization?” said Erdogan in one of his fiercest remarks so far against the US on Wednesday, according to BBC.

“We have written proof! We tell the Americans: ‘It’s a terror group.’ But the Americans stand up and say: ‘No, we don’t see them as terror groups’,” he added.

Turkey sees the PYD and YPG as the Syrian Kurdish arm-wing of the banned PKK group in Turkey and worries that they will provoke Kurdish separatism among its own Kurdish population.

Ankara is also afraid that arms given to the Syrian Kurds will reach the PKK fighters through border.

The US believes that PYD and its military wing the Peoples Protection Units (YPG) are the only effective force against Islamic State group in Syria.

LINK

Manufacturing oil industry equipment in Iraq

The first actual investment steps began slogan carrier (made in Iraq) epitomized the opening of manufacturing requirements of oil companies on conventional and heavy different workshops, according to the best international quality standards and is the first of its kind step in Iraq adopted by the Egyptian Petrojet company specialized.
Mohammed Shemi Prime Petrojet board of Directors of the company, said: Judging from the giant Iraqi market fundamentals keen on activating our presence in Iraq, which has become a future ambition. Between the opening of workshops Petrojet he ceremony was build a set of workshops specialized manufacturer of static equipment on an area of 70 thousand square meters and began to run under the slogan (Made in Iraq), which is the first specialized manufacturing workshops get to adopt a «certificate» American Society of Mechanical Engineers ( Azmi) and a certificate of the American Petroleum Institute in Iraq.
he noted that the project provides in its first phase in 1200 a member employs 60 percent of the experiences Alaracaho (40) percent of Petrojet employees, pointing out that he would convey the experiences of a high degree of importance to the worlds and local , which will enable them to deal with the technology Aalmttorh which manufactures various parts mechanisms oil companies working in the oil fields in various provinces.
and praised the oil ministry cooperation in the completion of this project that achieves significant economic feasibility of Iraq and saves time and effort on the oil companies to get through requirements of equipment through these workshops and manufactures Iraqi expertise – Egyptian. He said the Petrojet company carried out four major projects in Iraq, including al-Zubair gas compressors Phase II plant and the project of establishing Ananib line 16 lp G Nasiriyah Khor Al-Zubair and Rehabilitation Project Gas lines of Basra, the first phase as well as the winning project execution of the separation of gas station in Zubair in collaboration with Samsung Engineering Company . While the price of the morning Albzona head of the Basra Governorate Council set up workshops in Iraq that supply the oil industry what you need from the equipment was supplied by international companies, high costs, pointing out that it is important in this aspect that the production is guaranteed and content globally and conveys a sophisticated expertise to the Iraqi competencies working in the project and is working on the preparation of young global experience could be their investment in future projects. Albzona called to elevate the preparation of advanced workshops in Basra to what proportion to the size of the holdings of wealth and achieve the highest degree of economic viability, urging international companies to benefit from the experience of Petrojet, pointing out that the great ambition of being able to the oil industry and development.
As Sara Akbar, CEO to Kuwait Energy company it has indicated that this achievement deserves praise where it was set up these workshops through exceptional time to invest millions of dollars to produce equipment needed by the petroleum industry, pointing out that this Arab cooperation picking the fruit by Iraqis and an Egyptian. It showed that the products manufactured with the same efficiency while manufactured in the developed world and the industry in Basra achieve significant economic feasibility of Iraq and companies.
Eng. Mohammed Al-Douri, Director General of Petrojet company in Iraq and stressed that part of the company’s plans to expand investment in various fields, after they succeeded in setting up workshops It is the first of its kind in Iraq and the global standards of quality, especially as the international companies operating in Iraq is the most important in the world and this requires the manufacture of quality equipment commensurate with our ambitions. Turn engineer Hossam Kamel, assistant general manager of Petrojet company said the workshops will manufacture various equipment to oil companies operating in Iraq and Basra in particular, where weighing up to be manufacturing equipment (380) tons in these workshops, pointing out that they first started to be implemented outside Egypt is an effective means for the transfer of expertise to the Iraqi cadres.
Egyptian consul Mohammed Barakeh said that the Iraqi-Egyptian relations stretching too far and that the oil field in Iraq and promising, stressing the desire for investment does not stop the oil sector exclusively, but extends to the Alaqtaat other.

LINK

Rcookie shares something to think about.

rcookie NOW THINK ABOUT ALL OF THIS…FIGHTING THE LARGEST WAR ON THE MOST ABHORRENT TERRORISTIC GROUP IN HISTORY OF MANKIND…BROAD REFORMS ACROSS ENTIRE CULTURAL SPECTRUM…AND MAINTAINING THE BEST BUDGET DEFICIT RATIO IN THE ENTIRE REGION…ALL WITH A NON INTERNATIONAL RECOGNIZED ARTIFICIALLY SUPPRESSED CURRENCY…MASS POVERTY AND 30% UNEMPLOYMENT…AND MAINTAINED 2.3% INFLATION.

 

BLC Admin Tlm724 News & Comments   2-9-16  Part 2 of 2

Post From BondLadys Corner

BLC Admin Tlm724 News & Comments   2-9-16  Part 2 of 2

Sami al-Araji: Second Amendment to the Investment Law that meets the aspirations of investors

History of edits:: 02.10.2016 13:46                                                       
 
{Baghdad: Euphrates News} The head of the board of the National Investment Sami al-Araji, said Wednesday, “The Second Amendment to the Investment Law that meets the aspirations of investors.”
 
He said in a statement to Agence {Euphrates News} today that “the Second Amendment to the investment law which care for investors and meet a lot of ambitions,” adding that “the law passed in 2009 and amended for the first time in 2010, the second amendment passed in 2015 and has been applied in the 2016 month of December last first “.
 
he said he” will work law for several years until the issuance of a new amendment to it. “
 
the House of Representatives voted on October 27, 2015 on the second amendment to the investment law, and confirmed the reasons, according to the amendment to it in order to facilitate the organization of work in investment and processing bodies some obstacles shown by the practice when applying the investment Law No. {13} of 2006, as amended,
 ~~~

and in order to create an encouraging and appropriate climate for investment in all sectors, and the granting of privileges and exemptions and concessional loans attractive to investors, with open space in front of the ministries to share with the private sector {Iraqi and foreign} and mixed for the rehabilitation and operation of subsidiaries to reflect positively on economic development and reconstruction of Iraq, this law was enacted, “.anthy 1

   http://alforatnews.com/modules/news/article.php?storyid=108393
 
 [tlm724] looks like the Investment Law will keep getting amended as the economy and the landscape of Iraq changes and emerges
 
http://www.bondladyscorner.com/t162346-sami-al-araji-second-amendment-to-the-investment-law-that-meets-the-aspirations-of-investors
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Parliamentary investment: mafias earn money legally
Economy and Tenders
Since 02/10/2016 11:14 pm (Baghdad time)  Special – balances News
 
A commission of economy and investment in Parliament on Wednesday, the existence of laws that allows gangs and tyrants Purchase of property and land at the cheapest prices.
 
The head of the Integrity Commission Hassan al-Yassiri, the urgent need to unite everyone accountable to underestimate and grabbed public money illegally.
 
The committee member said Jawad Kadhim’s / balances News /, that “there are laws that allow influential and tyrants and extremists to power the traffic and the purchase of land and real estate at the cheapest prices,” adding that “these laws are for their personal interests and does not meet the public interest of Iraq.”
 
He added that “corruption is widespread in all state institutions, but there are many things when resorting to it can be found purely legal is, they earn money legally,” and called for “the development of legal measures to be larger than the existing laws to limit the control of the parties on the properties the state.”
 
He pointed out that he “has to be set up committees to monitor and put them to not be subject to partisan political pressure to sell real estate or the use of laws properly.”
And he called for “taking into account the committees formed to implement the laws and follow them up severely in order not to make corrupt passing through the legal issues”, stressing that “not to make Real the state of corruption greater than what Iraq is going through corruption.”
 
 It called high Nassif MP, earlier, the government to retreat from its orientations to sell real estate the state under the pretext of tackling the financial crisis, indicating that this procedure would raise a big fuss because there are new and old decisions (not canceled) permits to those who were confiscated estates to get home for the housing. Ended 29 / 4e    LINK

 [tlm724] the existence of laws that allows gangs and tyrants Purchase of property and land at the cheapest prices.
 
[tlm724] Integrity Commission Hassan al-Yassiri, the urgent need to unite everyone accountable to underestimate and grabbed public money illegally.
 
[tlm724] “these laws are for their personal interests and does not meet the public interest of Iraq.
 
[tlm724] then fix them *whip* chop chop actually they are working on them  Wink
 
[tlm724] I think Abadi’s new plan will help with that  clean up on aisle 3 lol

http://www.bondladyscorner.com/t162348-parliamentary-investment-mafias-earn-money-legally
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Abadi directed to monitor spending in ministries and state institutions
 
2/10/2016 0:00  BAGHDAD – morning  the face of the Prime Minister, Dr. Haider al-Abadi to monitor spending in the ministries and institutions and government departments, and called for an inventory of Oivadat staff and government officials the necessary need, while calling for political blocs to assume its responsibilities in the face of the financial and economic crisis.
 
According to a press statement issued by the Prime Minister’s Office Media received «morning», the al-Abadi said while chairing a regular meeting of the Council of Ministers, which was held yesterday: «we have a clear vision of the face of the financial crisis experienced by the country and we can get out of the cooperation of everyone», indicating that it «part of the crisis faced by the countries of the world as a result of the collapse World oil prices »
 
Prime Minister .ouge b» monitor spending in ministries and state institutions, and countless deputations only necessary need », calling on all political blocs to« assume its responsibilities in the face of the financial and economic crisis and teamwork to overcome ».
 
alebadi who reviewed, according to the statement , «security developments and victories achieved by the Iraqi forces», Park «important victories made ​​earlier in Anbar, and free up more areas and open Husaybah through», calling for «sustain and strengthen this great on the ground gains and purge the rest of the usurped territories and inflict the final defeat gang Daash terrorist ».
 
The joint Special operations command, announced on Tuesday, from extending its control of security forces and secure the city of Ramadi, Anbar province, the center of a fully managed, after the expulsion of the terrorist organization Daash from his last stronghold east of the city.
http://www.alsabaah.iq/ArticleShow.aspx?ID=110226
 
Dr. Haider al-Abadi to monitor spending in the ministries and institutions and government departments, and called for an inventory of Oivadat staff and government officials the necessary need
 
[tlm724] about time ! to monitor spending
http://www.bondladyscorner.com/t162366-abadi-directed-to-monitor-spending-in-ministries-and-state-institutions
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A government official says the recent security progress has positive implications for the economy of the country
 
2/10/2016 0:00   BAGHDAD fulfillment Amer- Isra al-Samarrai   confirmed Authority popular crowd that the victories achieved in Anbar boycotted pave the way for the Liberation of the city of Mosul and the announcement of the judiciary is fully on gangs «Daash» terrorist.
This comes at a time government official saw the positive impact of these victories and the liberalization of the cities on the Iraqi economy.
 
The leader of the popular crowd on the Keywords Baghdad Provincial Council member of the «morning»: The «Clearly, the progress made ​​by the security forces in the latest fighting in Anbar, especially in Ramadi and its outskirts, including the Joabh East and Husaybah and success in the liberation of large parts of it from the hands of gangs« Daash »terror was the result of an accurate and tight planning work included the first with double preserve the lives of civilians there for failing to take human shields,
 
and the other is to minimize casualties among the security forces and the intelligence effort wide in by raiding nests of terrorists plans security involving all security agencies.
 
He explained that the victory in the battle by the security forces led forces in the city of Ramadi and the edges will contribute significantly to edit the rest of the usurped cities and secure the country’s borders where terrorists wreaked havoc down to the big battle of liberation in the city of Mosul,
 
stressing that this battle will change the map of terrorism for the benefit of the Iraqis. Keywords and cautioned that the issue of liberalization of Mosul ordered may imagine Aldoaash he sticks to the security forces and the heroes of the popular crowd and they can not access them because they stepped up their presence, but the battle of liberation was imminent after paving the way recent victories,
 
noting that clear progress security forces stunned the international community large, it notes that the space occupied by these gangs are shrinking dramatically. He also pointed to the importance of the role of citizens and tribal leaders with the support of security forces in the battle and stand against all those who are trying to be underestimated.
 
For his part, Undersecretary of administrative and financial support to the Ministry of Agriculture, Dr. Ghazi Radhi slave »Sabah» Ban said the victories of security achieved by the security forces to the terrorist gangs in the battlefields in the city of Ramadi, paving the way for the army and police Champions and the crowd People’s Liberation city of Mosul, as it increases their resolve to insist on victory there.
 
The slave praised the role of the security forces in the liberation of the city of Ramadi and the edges of the Conception of terrorism and maintain youth and women, children and elders of the clans city and rid them of criminal acts practiced by terrorists, such as murder, kidnapping, rape, and other dastardly tactics pursued by criminal organizations.
 
He noted that the liberalization of Ramadi and the opening of the highway will reflect positively on the country’s economy through the activation of the work of the western border crossings and to start a campaign building and reconstruction and operation of labor and support the local product, especially since many of the plants and factories located in Anbar province, in addition to the recovery of the agricultural sector in these regions fertile.
 
http://www.alsabaah.iq/ArticleShow.aspx?ID=110180
 
Tlm724:    that the victories achieved in Anbar boycotted pave the way for the Liberation of the city of Mosul and the announcement of the judiciary is fully on gangs «Daash» terrorist. This comes at a time government official saw the positive impact of these victories and the liberalization of the cities on the Iraqi economy.
 
but the battle of liberation was imminent after paving the way recent victories, noting that clear progress security forces stunned the international community large, it notes that the space occupied by these gangs are shrinking dramatically.

http://www.bondladyscorner.com/t162369-a-government-official-says-the-recent-security-progress-has-positive-implications-for-the-economy-of-the-country
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Obeidi: Defense ready to cooperate with any party to eliminate corruption
 
2/10/2016 0:00  BAGHDAD – morning,  Defense Minister Khaled al-Obeidi said his ministry is open always to any regulator is ready to cooperate in the elimination of any suspicion of corruption.
 
According to a statement of defense received «morning» that »al-Obeidi, the Chairman and members of the Committee on Security and Defense parliamentary received and took place during the meeting, they discussed important issues the military victories of the Iraqi army belong in a number of breakers operations.
 
the al-Obeidi said »the ministry is open always to any regulator is ready to cooperate in the elimination of any suspicion of corruption, as well as attention to the views of the members of the Security and defense Committee, who expressed their satisfaction with the military’s performance because it represents prestige of the state and the valve of the Iraqi people safe ».
 
the statement added that» Zamili stressed that the Ministry of Defence cooperating with the Committee on Security and defense is very large, and is serious about developing their combat role and institutional after professional largely adopted ».
 
Meanwhile, the defense Ministry plans to send military regiments to Egypt to receive training at the School of the Egyptian special forces. A media adviser to the Ministry of Defense Naseer Nouri said in a press statement that «the ministry equip military regiments that would travel during the next two months of training at the School of the Egyptian special forces after it was agreed with the Egyptian Ministry of Defense to train these forces».  
http://www.alsabaah.iq/ArticleShow.aspx?ID=110176
 
 [tlm724] *kickA*
 
[tlm724] Defense Minister Khaled al-Obeidi said his ministry is open always to any regulator is ready to cooperate in the elimination of any suspicion of corruption
 
[tlm724] lets rock this thing then !! I think if it were any other person as MOD it may not be that easy but Obeidi seems like a stand up guy, BL said  he set Allawi straight many years ago and told him I answer to the Prime Minister ONLY !

http://www.bondladyscorner.com/t162371-obeidi-defense-ready-to-cooperate-with-any-party-to-eliminate-corruption
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Basra constitute a body to maximize its resources and declare “bankruptcy of the province.”
 
Baghdad / term    The local government announced in Basra on Tuesday, the formation of a supreme body to maximize financial earnings after the treasury empty the province of the funds by the financial distress caused by low oil prices, while the body of government departments working in Basra demanded the extradition of its revenues to the local government and not to convert the Ministry of Finance.
 
the governor said Majid Mahdi Nasraoui during a press conference held at the Office of the province, seen by the “long”, said that “Basra is facing a very severe financial distress, it has become the operating budget free from money,
 
it is no longer possible to pay the salaries of those working formula daily wage in the directorates of health, sewage and municipal and municipalities, and no longer gets sick which sleep in public hospitals and meals, as the hospital was forced to stop making cold processes (low necessary) due to running out of certain types of materials and medical supplies,
 
“noting that” under these conditions we decided to move forcefully and not to remain silent , so we formed a supreme body to maximize local government revenue, and the first resolution to convert operating in Basra circles revenues to the province and not sent to the ministries associated in Baghdad, as the fees and taxes from the province due. “
 
He pointed out the governor that” the manager who does not abide by the decision will be held accountable, it is unacceptable that Basra give everything and get nothing, “adding that” the local government in the process of opening a new bank account in preparation for taking its share of border crossings revenues amounting to 50% under provincial law No. 21 of 2008 average, it’s also in the process of another project to maximize the financial revenues that would impose taxes and fees on restaurants, schools and civil hospitals. “
 
For his part, Head of the Legal and Administrative Committee of the provincial council, Ahmed Abdul-Hussein, said that “the local government is forced to look for alternatives as a result of the lack of financial allocations from the federal government,” explaining that “the local government will be careful not to impact on the poor when imposing new taxes and fees . “
Abdul-Hussein pointed out that” the Ministry of Finance is stalling to give Basra financial dues despite the fact that the province supply the state treasury most of its revenues, “adding that” local government is determined to pass a local decisions and legislation that allow them to take taxes, fees and fines generated by government departments to be spent in the bridging the large deficit in the province’s budget. “

the province of Basra, which is the oil industry center in Iraq, and includes commercial ports large government and factories have spent most of the amounts obtained from the federal government over the past year to repay debt and pay the costs of ongoing projects (under construction),
 
where the province has not seen the implementation of new projects deserve attention during the previous year and this year, local officials ruled out the implementation of new vital projects during the first half of next year at least,
 
but in the case of agreement with the companies on the implementation of projects in a manner payment on credit was also reflected in the case negatively on service situation in the province, as the economic situation hit hard.  LINK
 
  
Tlm724:     oh brother here goes Basra again Rolling Eyes
 
while the body of government departments working in Basra demanded the extradition of its revenues to the local government and not to convert the Ministry of Finance.
 
under these conditions we decided to move forcefully and not to remain silent , so we formed a supreme body to maximize local government revenue, and the first resolution to convert operating in Basra circles revenues to the province and not sent to the ministries associated in Baghdad, as the fees and taxes from the province due. “
 
He pointed out the governor that” the manager who does not abide by the decision will be held accountable, it is unacceptable that Basra give everything and get nothing, *wah*
 
said that “the local government is forced to look for alternatives as a result of the lack of financial allocations from the federal government,” explaining that “the local government will be careful not to impact on the poor when imposing new taxes and fees . “
 
pointed out that” the Ministry of Finance is stalling to give Basra financial dues despite the fact that the province supply the state treasury most of its revenues, “adding that” local government is determined to pass a local decisions and legislation that allow them to take taxes, fees and fines generated by government departments to be spent in the bridging the large deficit in the province’s budget.
 
*slap*
http://www.bondladyscorner.com/t162375-basra-constitute-a-body-to-maximize-its-resources-and-declare-bankruptcy-of-the-province
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Manufacturing oil industry equipment in Iraq  Manufacturing oil industry equipment in Iraq             
 
February 10, 2016 7:12      (Morning) – the first actual investment steps began slogan carrier (made in Iraq) epitomized the opening of manufacturing requirements of oil companies on conventional and heavy different workshops, according to the best international quality standards and is the first of its kind step in Iraq adopted by the Egyptian Petrojet company specialized.
 
Mohammed Shemi Prime Petrojet board of Directors of the company, said: Judging from the giant Iraqi market fundamentals keen on activating our presence in Iraq, which has become a future ambition. Between the opening of workshops Petrojet he ceremony was build a set of workshops specialized manufacturer of static equipment on an area of 70 thousand square meters and began to run under the slogan (Made in Iraq), which is the first specialized manufacturing workshops get to adopt a «certificate» American Society of Mechanical Engineers ( Azmi) and a certificate of the American Petroleum Institute in Iraq.
 
he noted that the project provides in its first phase in 1200 a member employs 60 percent of the experiences Alaracaho (40) percent of Petrojet employees, pointing out that he would convey the experiences of a high degree of importance to the worlds and local , which will enable them to deal with the technology Aalmttorh which manufactures various parts mechanisms oil companies working in the oil fields in various provinces.
 
and praised the oil ministry cooperation in the completion of this project that achieves significant economic feasibility of Iraq and saves time and effort on the oil companies to get through requirements of equipment through these workshops and manufactures Iraqi expertise – Egyptian.
 
He said the Petrojet company carried out four major projects in Iraq, including al-Zubair gas compressors Phase II plant and the project of establishing Ananib line 16 lp G Nasiriyah Khor Al-Zubair and Rehabilitation Project Gas lines of Basra, the first phase as well as the winning project execution of the separation of gas station in Zubair in collaboration with Samsung Engineering Company .
 
While the price of the morning Albzona head of the Basra Governorate Council set up workshops in Iraq that supply the oil industry what you need from the equipment was supplied by international companies, high costs, 

pointing out that it is important in this aspect that the production is guaranteed and content globally and conveys a sophisticated expertise to the Iraqi competencies working in the project and is working on the preparation of young global experience could be their investment in future projects. 

Albzona called to elevate the preparation of advanced workshops in Basra to what proportion to the size of the holdings of wealth and achieve the highest degree of economic viability, urging international companies to benefit from the experience of Petrojet, pointing out that the great ambition of being able to the oil industry and development.

As Sara Akbar, CEO to Kuwait Energy company it has indicated that this achievement deserves praise where it was set up these workshops through exceptional time to invest millions of dollars to produce equipment needed by the petroleum industry, pointing out that this Arab cooperation picking the fruit by Iraqis and an Egyptian.
 
 It showed that the products manufactured with the same efficiency while manufactured in the developed world and the industry in Basra achieve significant economic feasibility of Iraq and companies.
Eng. Mohammed Al-Douri, Director General of Petrojet company in Iraq and stressed that part of the company’s plans to expand investment in various fields, after they succeeded in setting up workshops It is the first of its kind in Iraq and the global standards of quality,
 
especially as the international companies operating in Iraq is the most important in the world and this requires the manufacture of quality equipment commensurate with our ambitions.
 
Turn engineer Hossam Kamel, assistant general manager of Petrojet company said the workshops will manufacture various equipment to oil companies operating in Iraq and Basra in particular, where weighing up to be manufacturing equipment (380) tons in these workshops,
 
pointing out that they first started to be implemented outside Egypt is an effective means for the transfer of expertise to the Iraqi cadres.

Egyptian consul Mohammed Barakeh said that the Iraqi-Egyptian relations stretching too far and that the oil field in Iraq and promising, stressing the desire for investment does not stop the oil sector exclusively, but extends to the Alaqtaat other.

 http://burathanews.com/news/285979.htm
 
tlm724:   Iraq is booming and as security is getting better we will see many more milestones

​http://www.bondladyscorner.com/t162380-manufacturing-oil-industry-equipment-in-iraq