April 14th, 2014, 3:21 pm
Monday News Summaries
Parliament: we will hold a hearing if al-Maliki and Barzani agreed to budget approval
Now this here is a threat that I'm sure has Maliki shaking in his shoes...not....so if the Kurds and the Maliki led State of Law bloc can shake hands in agreement....Parliament would then convene in a special session to pass the budget.....threats....they come from everywhere and everyone.
TBI open a branch Kazemiya
The Trade Bank of Iraq is opening it's sixth branch in Baghdad....this is in conjunction with expansion plans all across Iraq....remember only LD's and coins please.
.... Study the possible return of the budget to the government
The Economic Committee is saying that the budget could be re-drafted with a discounted rate....maybe 4%....if this is true the Kurd oil situation would drop from 400,000 barrels per day to 100,000 barrels per day....have the Kurds won? I am at a loss for how they work their math on this....scratching my head.
Two proposals for the development of trade and import regulation
Dr. Mohammed Saleh is speaking again.....everyone listens.....the public and private sectors both need to be working actively doing their own respective parts to ensure trade and imports continue to be developed.....they have to stay on top of their game when it comes to imports and put their foot down regarding poor and shabbily built imports.
Terminal: the politicization of the budget approved last
Terminal bloc MP is quoted as saying the budget has been politicized and will now have to wait approval until after the elections....so now the COM are filing suit against the Speaker of Parliament for delaying the budget adoption.....shaking my head.....we are actually sitting in roughly the same spot we were at the end of January....except that the first reading did take place.....wooohooo.
Oil companies are required global tax 35% of the profits
Wondering how the big oil boys are explaining "profits" to Iraq for them to know what number they should be applying their 35% tax to.....I'm sure that "profits" can be an elusive thing.....remember back when contracts were being bid upon....each company had to pay a steep "participation fee" that was non-refundable.....and this 35% tax on profits....that hits kinda deep in the pocketbook....and they wonder why the production numbers aren't coming up like they want to predict.
Iraqi Minister of Finance discusses Iraq's debt settlement in Washington
Turki was discussing monetary and financial issues with the IMF and World Bank.....just what else would they be discussing....pictures of grandkids.....the IMF did state they were ready to lend support and technical assistance to improve things like financial management and building capacity in order to improve financial performance.
The Washington Institute for Policy Studies: Maliki has lost much of his political capital
Nothing new here.....Maliki is fast losing his allies and support from a variety of sources.....question that comes up is will he have the support needed at the end of the month to retain his lofty position for 4 more years.
Central confirms the continuation of talks to put the necessary arrangements for the protection of Iraq's money own
Probably a really hot topic between Iraqi's and the IMF/WB was the subject of Iraqi funds abroad.....according to Turki, the talks have been fruitful and the Iraqi funds are in no danger.
World Bank shows concern over the increasing pressure on the Iraqi budget
While there has been economic growth within Iraq over the past two years.....the World Bank believes that Iraq is harming itself significantly by not passing the 2014 budget....they have a big concern over the deficit associated with the budget....I'm wondering how the WB and IMF will feel when Iraq approaches them for loans to cover the deficit.
Finance Minister confirms that Iraq's intention to extend the protection to his money abroad
Good grief Charlie Brown....the title of this says one thing and the article says just the complete opposite...same thing that has been said now for weeks that Iraq will not pursue extending protection of their funds abroad beyond May 22.....they are making their own legal plans and don't seem to be too worried about any outstanding creditors at this point.
Microsoft opens office in Iraqi Kurdistan
Microsoft is now in Erbil....wowser.....they are offering MS products to all companies big and small.....where is Apple?
Well that is about all I have time to work on today Family....hoping you have enjoyed and gained some additional insight Randy