April 30th, 2014, 12:19 pm
Wednesday Morning News Summaries
Banking System and Financial Crisis in the Iraqi Kurdistan Region – Op-ed
Through the struggles over the 2014 budget the Kurds have witnessed a financial crisis that involves their banking system, one that could have likely been headed off had they put greater attention to their banking and financial systems instead of relying too heavily upon Baghdad in this area.....
they need to implement several things going forward with their new Parliament and government being seated.....make fiscal planning a key priority.....create a modern banking sector that will build confidence with the people and will lead to more savings and credit.....identify technology shortages in the banking sector and move forward with implementation of new technologies....develop new regulations that will support the activities of private banks.
What is really incredible is this is the same list that Iraq as a whole needs to work on to improve the banking sector throughout the country. ....
"Hawlati" Kurdish: Government of the Territory did not ask for loans from any international bank
A bit of a long article that encircles the topic of the title....the Kurds did not borrow from any international bank....probably because they knew they would not get any loans they might request....so in the meantime they continue to make due with what they have access to within the province.
Iraqi Kurdistan governmental employee's salary for May delayed, April not given yet
The Kurds are still looking for March and April salary payments for governmental employees....and now May is looming on the calendar....they say there will be no further negotiations with the central government until the election holidays are over....so we are likely to watch what happens on May 2 with the potential for Kurd oil to be sold on the open global market.
Kuwait says remaining compensations for Iraqi aggression hit USD 6.879 bln
With payments made thus far in 2014, in January and April, the remaining balance to be paid by Iraq to Kuwait is approximately $6.9 billion dollars.....the Governing Council and the UNCC Secretariat are watching over payment schedules and payments being made to Kuwait....these payments come from the 5% of sales of oil related exports from Iraq.
Iran's Revolutionary Guards .. No one wants al-Maliki in Iraq
It has become more and more apparent in the past few months and weeks that not many are wanting to see Maliki given a third term as PM.....but can he be stopped at this point....the numbers will tell us some of the answer....soon we hope.....even if there is a majority that wins the elections today.....and even if that majority is the State of Law coalition.....do they have enough power within their own group to put Maliki back at the top.....the religious sectors of the country are speaking out that they do not wish to see this and would not be supportive.
On eve of elections, Iraq's waters become weapons of war
Amongst the battles over government mismanagement and violence stemming from issues with terrorists.....water is quickly becoming a military tool in Anbar....it gets cut off for some.....others meanwhile are getting flooded....the terrorists are also using water to flood locations of military strongholds....so this liquid push and shove is being used by both sides and it remains unclear of who the winner might be....because of the flooding the UN has declared some areas as disaster areas.
UN calls blocs winning the election to accelerate the formation of the government and rid Iraq of its crisis
The UN is calling for Iraqi citizens to get out and vote while the polling stations remain open....they are also urging the winning blocs to move forward quickly in forming the new government.
Iraqi ports shut down completely coincide with the start of the year voting
The ports of the Basra province will be closing Tuesday evening through Wednesday in observance of the day of voting throughout Iraq.
«Bahrain and Kuwait» considering investing in Iraqi Kurdistan
The Bank of Bahrain and Kuwait have been studying the area of the Kurdistan looking at the feasibility of putting in a bank...they now await the results of the study.
Amid Iraq’s Unrest, Maliki Campaigns as Strongman
Some are calling Maliki a strongman in the midst of the campaigning that has been ongoing in Iraq....some suggest that he has shown to many that his mode of operation is that of a strongman bully to insure getting his way....other experts are saying that Maliki will be troubled in getting a majority to lock in another 4 years as PM....that without promised support the final results of the election could be protracted into a very long ordeal, some predicting as long as a year to seat a government...this is not music to anyone's ears for sure.
Maliki: We all tomorrow we will be in parliament to agree on the construction of the state and I call on everyone to leave the past
Even though tomorrow, Thursday May 1, is supposed to be a holiday, Maliki is boldly calling for Parliament to meet tomorrow and look at the present, not focus on the past in beginning to build the state.....strong words coming from Maliki that they need to build a government based on change, not one of a clone from previous governments.....sounds like the pot calling the kettle black....will have to watch what if anything happens tomorrow.
Close polling stations across Iraq electronically
Polls closed throughout Iraq at 6:00 pm sharp via an electronic process.....so if you were caught standing in line....come back in 4 years....there is no leniency of keeping them open. Some are already talking of it taking weeks just to tally the results...there were over 9,000 running for 328 deputy positions.....good grief....any delays in counting will likely delay the seating of any new government.....there is also mention that allegedly there was no voting in many areas of Anbar, particularly in Fallujah.
Civil Aviation: Iraqi airspace will open before the end of the flight after the public vote
Iraqi airspace was opened again before the end of the first flight into Iraq....this seems to conflict with the stories being shared earlier that the airspace would remain closed until the voting was completed at 6:00 pm.
Source: turnout year exceeded 65% except for Anbar province
After the closing of the polls at 6 pm, they are now announcing that turnout for the voting today was to exceed 65% but for the Anbar province where many polling places remained closed or turnout was light due to expected violence from terrorist threats...this in from the Electoral Commission.....now if we could have voting results just as quick.
Commission: Turnout hour before the close of voting was 55% nationwide
An hour before the polls closed the turnout as reported by the Electoral Commission stood at 55% nationwide....they were urging people to get out an vote....vote quickly to get their vote counted, but the last hour of the voting only showed a 40% participation by voters....so numbers are already starting to conflict with themselves....just minutes after the closing of the polls.
Urgent .. the start of the vote count for parliamentary elections in all the polling stations
Now the count starts at all polling stations...
just look at those plastic tubs.....how technologically advanced is that....
straight from Wal-Mart to your polling station....over 20 million were eligible to vote.
Morning News Summaries Randy