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"Frog Feet" - GCR/RV Intel SITREP - Sunday - August 20, 2017

Received via email for publication at 8:00 AM EDT. ~ Dinar Chronicles The boiling frog is a parable describing a frog being slowly boile...

Friday, August 11, 2017

"Lack of Implementation" - Fri. PM KTFA Thoughts/News

KTFA

Iggy » August 11th, 2017


To worry about tomorrow is to forfeit your joy today.

Accounting4it » August 11th, 2017

isn't it 30 days once the international bonds begin to sell that they must do something?

VSDK » August 11th, 2017

That would be starting from 8-2...

Don961 » August 11th, 2017

Yes this is Egypt ... but check out the pic ... depicting 1:1 currency .. is this a foretaste of the IQD morphing into USD and vice versa ? on par or better ... education for what is to come

Egypt gets $ 40 billion since flotation

Egyptian currency


Date Added 08/11/2017



Bloomberg said that the US economic Egypt attracted about $ 40 billion through investments and remittances from abroad since the flotation of its currency last February.

The agency quoted statements by the Deputy Governor of the Central Bank Rami Abu Naga ,, he said that these funds include export earnings and selling the dollar by investors to buy Egyptian assets and operations of the dollar exchange and remittances from Egyptians abroad.

According to Abul-Naga, this amount does not include loans obtained by Egypt from the International Monetary Fund or European bonds sold by Egypt this year.

The agency said that investors poured money into stocks and bonds since the start of the economic reform process which removed most of the restrictions imposed on the currency, and raised interest rates and reduced fuel subsidies.

The central bank reserves rose to more than $ 36 billion, a record high, according to Bloomberg, where the market attracted more than $ 15 billion of foreign flows.

Despite this, inflation has risen to more than 33 percent in July. Bloomberg attributed to the weakness of the local currency and high taxes and cut subsidies.

But the agency pointed to other areas achieved positive rates, such as the low budget deficit to its lowest level in five years during the 12 months ended in June, while stocks rose by 60% in local currency.

The government expects foreign direct investment exceeded $ 10 billion in this fiscal year

http://economy-news.net/content.php?id=8686

Boxman » August 11th, 2017

Looks like they are pushing hard to have an economy not dependent entirely on oil..good find

Walkingstick » August 11th, 2017

Al-Hamdani: The national economy has passed the stage of danger

During a ceremony honoring businessmen who supported our security forces to stand against Saddam Hussein, the Federation of Chambers of Commerce organized a ceremony to honor a number of investors and businessmen in appreciation of their honorable positions by alleviating the effects of the financial distress experienced by the country to support the security forces and support them to stand against terrorism, .

Under the slogan (victories build and build Iraq), the celebration was organized on the occasion of Iraqi Investor Day, during which a number of Iraqi businessmen and investors were honored, in the presence of a number of members of the House of Representatives and heads of Iraqi Chambers of Commerce in the provinces and heads of investment bodies in the provinces and members of the Board of Baghdad Chamber of Commerce with a large number Of businessmen.

Chairman of the Federation of Chambers of Commerce Jaafar al-Hamdani said in a speech: This celebration of honoring 89 investors and businessmen comes in the light of the victories achieved by our armed forces and the suppression of the popular mobilization against the forces of oppression and terrorism "Al-Da'ashi." He pointed out that this honor to the economy and investment who contributed to support the national economy in light of the economic crisis that hit the country Low oil prices.

Al-Hamdani pointed out that the national economy exceeded the stage of danger due to the successful monetary policy of the Central Bank of Iraq and the implementation of the program of financial reform, pointing out that the national economy suffers from structural imbalance as a result of continued deficit in the balance of payments and the government to borrow.

He called for the need to reform the economic reality radically in accordance with the criteria that allow the Iraqi economy to diversify and create areas for borrowing to the private sector and the preparation of a program to train workers and establish a national center for consulting using international expertise.

Chairman of the National Investment Authority Sami Araji spoke during his speech about the grant of the Commission 1389 investment license since 2009 worth 91 billion dollars, which included various industrial sectors, commercial, residential and recreational.

He added that 60 percent of these projects have been completed and 40 percent are lagging behind the lack of implementation of a single window that limits routine procedures and non-allocation of land and the subject of financial financing for investment projects.

Araji pointed out that many businessmen and investors are subjected to extortion or threat, expressing his thanks and appreciation to the President of the Federation Jafar al-Hamdani and the heads of the Iraqi Chambers of Commerce to establish and make this great event.

http://www.alsabaah.iq/ArticleShow.aspx?ID=142416

BlaqueBeauty » August 11th, 2017

60/40..due to LACK OF IMPLEMENTATION...got it..........PUSH THE BUTTONNNNNN

Cleitus » August 11th, 2017

So..., WS, if, "the national economy has passed the stage of danger"..., then we must be 'swimming' in international waters..., right!?..., sorry..., can't hold back! lol

Don961 » August 11th, 2017

Saudi Crown Prince: We are keen to strengthen our relations with Iraq


¨ Baghdad / Range

Oil Minister Jabbar al-Luaibi met with Saudi Crown Prince Mohammed bin Salman and Energy Minister Khalid al-Falih in addition to Foreign Minister Adel al-Jubair.

The relations between Iraq and Saudi Arabia have witnessed a remarkable improvement in the past few months in the exchange of visits between officials of the two countries and the signing of a number of bilateral agreements in the field of economy and common security.

Oil Minister Jabbar al-Luaibi met Saudi Crown Prince Prince Mohammed bin Salman bin Abdul Aziz in Jeddah on Wednesday, according to the Saudi Press Agency.

Al-Luaibi conveyed the greetings of the leadership and the Iraqi people to King Salman bin Abdul Aziz and his Crown Prince, and the Iraqi government wishes the Kingdom further progress and prosperity. Prince Mohammed also conveyed the greetings of the Saudi leadership to the Iraqi government and people, stressing the keenness of the Kingdom's government on the stability of Iraq and its intention to develop and strengthen relations in all fields, The interest of the people of the two countries. " During the meeting, they reviewed "bilateral relations, especially joint opportunities in economic fields in general and energy in particular, including the opening of land ports, direct flights and encouraging trade exchange and investment from the private sector in Saudi Arabia."

The meeting between the oil minister and the Saudi Crown Prince "discussed the close cooperation between the two countries in the field of oil policy coordination and the commitment of the two countries to the agreement to reduce oil production until the markets reach the target balance of this agreement."

During the same tour, al-Luaibi met with Saudi Foreign Minister Adel al-Jubeir and discussed with him bilateral relations and opportunities for enhancing cooperation between the two countries.

"Saudi Foreign Minister Adel al-Jubeir discussed with the Iraqi Oil Minister Jabbar al-Luaibi bilateral relations and means of developing cooperation between the two countries," the official SPA news agency reported.

The Iraqi Oil Minister met with Saudi Energy Minister Khalid Al-Falih and discussed the two countries' commitment to OPEC's agreement to reduce production and restore stability to the oil market.

"The next phase of the economic and development relations between the two countries will witness greater cooperation and cooperation in the field of trade exchange as well as in the field of joint investment of companies and businessmen from both sides," the Saudi Energy Minister said after a bilateral meeting with his Libyan counterpart.

http://almadapaper.net/ar/news.....34468/link

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