April 17th, 2014, 11:31 am
Thursday Morning News Summaries
Salman al-Moussawi: We have reached an agreement with the Kurds on the budget, but their attitude changed last moment
An MP for the State of Law coalition has announced that an agreement was reached between them and the Kurds on the budget issues....and the bill should be passed even though there was a last minute change of heart it appears from the Kurds.....he reported that some blocs were attempting extortion against the State of Law MP's but but they refuse to listen to these efforts.....there may still be some disagreements between Baghdad and Erbil....but the bill should be passed.....my comment on that is "show me the money."
Iraq is preparing for negotiations for joining the World Trade Organization in third round
A team of Iraqi's are preparing themselves in the manner they believe is needed to help Iraq in its ascension efforts in joining the World Trade Organization.
Experts: Iraq does not employ Moisnath previous surpluses and 70 trillion dinars frozen in banks
70 trillion dinars have been found deposited in the the Rasheed and Rafidain Banks in Iraq......most of the funds come from government deposits derived from surpluses of of annual budgets estimated to be 15%.....say what????? Since when does the government get to hide money like this.....especially when they have projects at the end of each year that seem to remain uncompleted.....this kinda sorta reeks of graft and corruption.....so later they seem to indicate that only 40 trillion dinars is the governments portion....the remaining 30 trillion dinars are from the public and private sectors.....so much for these banks being dry of funds as they had said earlier.....these funds have been mounting since 2006.....saying the amounts are earmarked for specific projects and cannot be manipulated or disbursed is crazy....how long is the money going to be allowed to just lay there.
Iraq looking customs tariffs applied to complete its accession to the World Trade Organization
More talk of WTO ascension.....this time it centers around customs tariffs.....an area the Iraqis believe to be important with regard to ascension requirements.
Iraq: your next holiday destination?
Iraqi tourism says that Iraq is not dead, it lives. Of course one needs to exercise caution as to where to go and what to do, but many tourist draws that were in demand in the 70's are making a comeback today.
Warnings of foreign companies in Iraq to a mass exodus
This article is stating that US oil giant Exxon-Mobil is pulling up stakes in Iraq, largely due to this year's budget fiasco and lack of seeing any financial dues thus far this year....personally....with all that Exxon-Mobil has invested in Iraq....I find this very difficult to believe.....this article also points to there possibly being a mass exodus of foreign companies from Iraq....it can be expected that the World Bank will drop Iraq's credit rating due to the instability in the financial market of the country......so much negativity at a time when others are saying that things are improving.
Will take a short break at this point....more later Randy