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Featured Post

Restored Republic via a GCR: Update as of Oct. 24, 2017

Restored Republic via a GCR Update as of Oct. 24 2017 Compiled 12:10 am EDT 24 Oct. 2017 by Judy Byington, MSW, LCSW, ret, CEO, Child Abus...

Thursday, July 27, 2017

"Sounds International" - Thurs. PM KTFA Thoughts, News w/ DELTA

KTFA

Iobey777 » July 27th, 2017


Wow!! That certainly sounds International to me!!

Samson » July 27th, 2017

Rasheed Bank opens a banking office at Baghdad International Airport


27th July, 2017

Rasheed Khudair Wahid, Director General of Rasheed Bank, opened a banking office in the departure hall of Baghdad International Airport.

Al-Rasheed Bank said in a press statement that "the general manager of Rashid Bank, Rashad Khudair, opened a banking office in the departure hall Babel at Baghdad International Airport where he will provide services to travelers, which include selling the dollar at the official price and buying at market price."

He added that "the office will also receive the personal safety of passengers and a transfer from the General Authority of Customs, noting that the bank has a branch within the airport, which conducts all banking, including the opening of accounts of all kinds

http://economy-news.net/content.php?id=8454

DELTA » July 27th, 2017

FRANKIE......JUST GOT CONF ON LD ISSUED ON MAY AND COST BY CBI.... LINK ONLY ARABIC..(wink)

Tsreddy3 » July 27th, 2017

Let me see if I understand. Delta says "Just got conf(irmation) on LD (lower denominations) issued ON MAY and COST by CBI". I do not understand the portion of "on May and Cost by CBI". I would appreciate some one clarifying the meaning of it.

VSDK » July 27th, 2017

Ooooooooook, I don't know why many seem to be confused about this simple statement when there's absolutely nothing non-understandable here... let's break this down for those who need this explained w/ apples & oranges...

"Just go conf on LD issued on May & cost by CBI"

"Just got conf on..."

on what? "LD issued on May"

Conf on what else?

"cost by CBI" which means, the cost of the CBI for (making/shipping, etc.) LDs...

Risk1 » July 27th, 2017

Now that's what i call confidence that they feel qualified to make such a statement and usher bonds based on their own financial merits

Article: Walkingstick: Iraq eyes first independent bond sale in a decade

Quote: “The new bond is being offered to investors without a US guarantee, leaving them dependent on Iraq’s own credit quality.”

https://www.ft.com/content/7ea2f7de-72b6-11e7-93ff-99f383b09ff9

Lobster » July 27th, 2017

Thanks WS......don't' think they could guarantee anything by themselves at 1182! WOW!

Godsgurl » July 27th, 2017

Wow - they are now going to have a Navy - guess they need to be able to move in international waters

Samson » July 27th, 2017

US consulate in Basra announces allocation of $ 685 million for the development of the Iraqi Navy


2017/7/26 17:35

The US consul in Basra said on Wednesday that his government had allocated $ 685 million in aid to develop the Iraqi navy.

"This assistance includes development, maintenance and joint exercises with regional countries on how to protect regional borders," Dayton told a news conference during which he announced the end of his duties as a consul in Basra.

"It is hoped that the amount will increase and provide additional aid worth 250 million dollars."

In another context, Dayton noted that "the US Consulate in Basra will launch the program during the coming period for women in southern Iraq," noting that "the program will contribute to build the capacity of women to work and entrepreneurship, including women widows of martyrs who participated in military operations against gangs.

http://alforatnews.com/modules/news/article.php?storyid=147121

Don961 » July 27th, 2017

Tourism Authority: We seek to organize the Silk Road Festival .. Austerity is taking place in international exhibitions


2017/07/27

o Baghdad / Zahraa al-Jassim



The participants in the international tourism festivals are not interested in activating the participants in the international tourist festivals through a special pavilion displaying the heritage sites and industry we have in the religious and archeological fields, although these participations are a great attraction for tourists and investors in the tourism sector at the same time , According to economic specialists, and at a time likely officials of the Tourism Authority reasons not to participate in international tourism festivals to the financial situation experienced by the country, they emphasize today, are limited to the meetings of the Silk Road trade, because Iraq links the countries that fall on this road from the East Li West, which seeks with the World Tourism Organization, to hold a meeting of the festival in Baghdad.

In this regard, the head of the Tourism Authority Mahmoud al-Zubaidi said in an interview with (to the extent) that the difficult financial situation experienced by the country, contributed to the decline of Iraq's participation in international tourism festivals, explaining: Previously we were from 2010 to 2014, In London, Berlin, Dubai and Moscow, through the display of traditional folklore and folkloric products. Noting that the participation was not limited to that, but the delegation had a side dialogues with the participating delegations to consolidate relations with all, and open prospects for future cooperation.

But Zubaidi: But the austerity that passes through the country, without the continuation of participation in tourism exhibitions, which were limited to attend only without participation.

"We now have participation in the Silk Road, a tourist event held every six months, through a gathering of 33 countries through this historic trade route that stretches for thousands of years. Iraq is the link between East and West from China to Europe.

He added that he was revived at the level of visa facilitation between these countries and the work of a free market to display their goods and marketing their industry and heritage, therefore, the presence of Iraq in this gathering was effective and important, and we have several contributions through it to offer our tourism and marketing for tourism abroad, Another, we aspire and are now trying to hold one of its meetings in Baghdad, which we move to coordinate with the World Tourism Organization in this regard.

The economic expert, Ashraf Amara, has another opinion, which confirms in an interview for (range), that tourism officials in Iraq, have no background on the nature of tourism festivals held in other countries, although the participation in these festivals through an Iraqi pavilion Especially when it comes to the heritage, monuments and industry of the country. The tourism companies of other countries look forward to it. When I go to show my goods and see them in other countries, Religious or other tourism.

However, when there is no Iraqi participation in a tourism exhibition or a place where countries recognize the civilization, industry, tourism activity and popular industries through it, it certainly will go to other wings, which loses the country many important economic opportunities. Sent: It goes beyond the definition of price in dealing, which will be in accordance with the vision of the seller.Surprisingly: we do not know why Iraq does not participate in these festivals, especially as the ones who are responsible for all the expenses.

The economic expert reiterates: that Iraq did not participate in these festivals effectively and effectively, so that the last tourism festival held in Dubai at the end of last year, we did not have any participation, either in the pavilion of an Iraqi or through attendance, but also: If we had a real participation As some say in an impressive way, would have produced something concrete in the fields of tourism and service to tourist facilities in Iraq, and without any doubt that the country's tourism operators did not have active and influential participation in international tourism festivals.

Amara added: "In order to have participation in such festivals, we must first work on repairing the infrastructure in tourist facilities and in the governorates that contain these facilities whether religious or archaeological. We can offer the world the best way to attract tourists from all over the world, which will serve the country financially very much, at a time to carry the treasury of the state any money, because the financial returns from improving infrastructure by attracting investors and tourists will be very large.

Iraq is characterized by the diversity and richness of its traditional and popular products, whether textile or handicrafts, antiques and antiques. In the past, foreign tourists were eager to acquire them. But now, as Jafar Jawad points out, one of the workers in the field of folk industries: People are neglected, especially after they have lost a large number of their customers, Arab and foreign tourists. They bought large quantities before returning to their countries, and they paid us good wages. Mirdafa: Now we are trying to work to continue to give, so as not to die these popular industries, which are an important heritage of our heritage, he stressed: the need to participate in international exhibitions of tourism and popular products and heritage, which reflect the image of Iraq's rich heritage and culture.

Researchers in the traditional heritage industries stressed that it is necessary to restore Iraq's membership in the World Trades Council as a global cultural institution linked to the UNESCO organization, in which more than 100 countries participate as contributors and participants in international conferences held by the Council.

And the countries that organize it through the newsletters distributed by the news and pictures of the popular industries of its members on more than five hundred addresses around the world, and the Council works to exchange experiences, training and observation and contribute to the improvement of manual and popular production The popular tourism and craftsmen must work to improve their production, preserve the authenticity of their popular industries and highlight Iraq's cultural heritage in all that they produce and manufacture.

http://almadapaper.net/ar/news.....33608/link

Don961 » July 27th, 2017

IRAN: In a 2016 test, China and Iran drove a train from the port of Shanghai in eastern China to Tehran in just 12 days, a journey that takes 30 days by sea.




Thursday, July 27, 2017

For China’s Global Ambitions, Iran Is at the Center of Everything

When Zuao Ru Lin, a Beijing entrepreneur, first heard about business opportunities in eastern Iran, he was skeptical. But then he bought a map and began to envision the region without any borders, as one enormous market, reads a New York Times article published on Tuesday. Excerpts follow:

“Many countries are close by, even Europe,” Lin, 49, said while driving his white BMW over the highway connecting Tehran to the eastern Iranian city of Mashhad recently. “Iran is at the center of everything.”

For millenniums, Iran has prospered as a trading hub linking East and West. Now, that role is set to expand in coming years as China unspools its “One Belt, One Road” project, which promises more than $1 trillion in infrastructure investment—bridges, rails, ports and energy—in over 60 countries across Europe, Asia and Africa. Iran, historically a crossroads, is strategically at the center of those plans.

Like pieces of a sprawling geopolitical puzzle, components of China’s infrastructure network are being put in place. In eastern Iran, Chinese workers are busily modernizing one of the country’s major rail routes, standardizing gauge sizes, improving the track bed and rebuilding bridges, with the ultimate goal of connecting Tehran to Turkmenistan and Afghanistan.

Much the same is happening in western Iran, where railroad crews are working to link the capital to Turkey and, eventually, to Europe. Other rail projects will connect Tehran and Mashhad with deepwater ports in the country’s south.

Once dependent on Beijing during the years of international isolation imposed by the West for its nuclear program, Iran is now critical to China’s ability to realize its grandiose ambitions. Other routes to western markets are longer and lead through Russia, potentially a competitor of China.

“It is not as if their project is canceled, if we don’t participate,” said Asghar Fakhrieh-Kashan, the Iranian deputy minister of roads and urban development. “But if they want to save time and money, they will choose the shortest route.”

He added with a smile: “There are also political advantages to Iran, compared to Russia. They are highly interested in working with us.”

Others worry that with the large-scale Chinese investment and China’s growing presence in the Iranian economy, Tehran will become more dependent than ever on China, already its biggest trading partner.

China is also an important market for Iranian oil, and because of remaining unilateral American sanctions that intimidate global banks, it is the only source of the large amounts of capital Iran needs to finance critical infrastructure projects. But that, apparently, is a risk the leadership is prepared to take.

Together Moving Ahead

“China is dominating Iran,” said Mehdi Taqavi, an economics professor at Allameh Tabataba’i University in Tehran, adding that the “Iranian authorities do not see any drawbacks to being dependent on China. Together, we are moving ahead.”

It is not just roads and rail lines that Iran is getting from China. Iran is also becoming an increasingly popular destination for Chinese entrepreneurs like Lin. With a few words of Persian, as well as low-interest loans and tax breaks from the Chinese and Iranian governments, he has built a small empire since moving to Iran in 2002. His eight factories make a wide variety of goods that find markets in Iran and in neighboring countries.

“You can say that I was even more visionary than some of our politicians,” Lin said with a laugh.

Since 2013, when the “One Belt, One Road” plan was started, he has had dozens of visitors from China and multiple meetings with the Chinese ambassador in Tehran.

“I was a pioneer and they want to hear my experiences,” he said.

Lin established his factories along what will be a key part of the trade route—a 575-mile electrified rail line linking Tehran and Mashhad. When completed and attached to the wider network, the new line will enable Lin to export his goods as far as northern Europe, Poland and Russia, at much less cost than today.

“I am expecting a 50% increase in revenue,” Lin said. “Of course, Iran’s economy will also grow. China will expand. Its power will grow.”

“Life is good in Iran,” he said. “The future is good.”

Iranians who spotted Lin driving between his factories waved and smiled. Having mastered a few basic phrases in Persian over the years, he said “hi” and “goodbye” to some of his 2,000 employees. “Iranians are hard workers,” he said.

Even when the boss was out of earshot, workers in his factories said that they were very happy with the Chinese.

“They pay every month on time and only hire people instead of fire,” Amir Dalilian, a guard, said. “If more will come, our economy will flourish.”

When completed, the proposed rail link will stretch nearly 2,000 miles, from Urumqi, the capital of China’s western region of Xinjiang, to Tehran. If all goes according to plan, it will connect Kazakhstan, Kyrgyzstan, Uzbekistan and Turkmenistan, China’s state-owned paper, China Daily, wrote.

Track sizes need to be adjusted and new connections made, as well as upgrades to the newest trains.

In a 2016 test, China and Iran drove a train from the port of Shanghai in eastern China to Tehran in just 12 days, a journey that takes 30 days by sea. In Iran, they used the existing track between Tehran and Mashhad, powered by a slower diesel-powered train. When the new line is opened in 2021, it is expected to accommodate electric trains at speeds of up to 125 miles an hour.

More Than Transportation

Fakhrieh-Kashan, an English speaker who oversees negotiation of most of the larger international state business deals, said the Chinese initiative would do much more than just provide a channel for transporting goods.

“Think infrastructure, city planning, cultural exchanges, commercial agreements, investments and tourism,” he said. “You can pick any project; they are all under this umbrella.”

Business ties between Iran and China have been growing since the United States and its European allies at the time started pressuring Iran over its nuclear program around 2007. China remains the largest buyer of Iranian crude, even after western sanctions were lifted in 2016, allowing Iran to again sell oil in European markets.

Chinese state companies are active all over the country, building highways, digging mines and making steel. Tehran’s shops are flooded with Chinese products and its streets clogged with Chinese cars.

Iran’s leaders hope that the country’s participation in the plan will enable them to piggyback on China’s large economic ambitions.

“The Chinese plan is designed in such a way that it will establish Chinese hegemony across half of the world,” Fakhrieh-Kashan said. “While Iran will put its own interests first, we are creating corridors at the requests of the Chinese. It will give us huge access to new markets.”

https://goo.gl/BBmxvo

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