aggiedad77 » August 20th, 2014, 10:46 am
Wednesday News Summaries and Commentaries
About the role of private banks in moving economic activities
A quite lengthy article that talks of banking reform, reform of banking laws, speaks at length of the role of private banks in pushing the Iraqi economic activities forward through active participation in more commercial grade loans....loans that are scrutinized closer for quality, and stability within the industry sector....the private banks of Iraq have the opportunity to help shape and strengthen many if not all industrial sectors of Iraq through their efforts with key loans that can be trusted...they speak to consumer type loans and even quote some interest rates for the same....with all being said....security can still be an issue for many banks but that too is being addressed....getting the 2014 budget passed should help ease some concerns regarding banking sector economic issues.
The government next Monday
Next Monday, August 25, look for Abadi to walk into Parliament with his dance card filled and ready to be presented....asking political blocs to hold off on publicizing any names that would be listed in Abadi's list of ministers to avoid any potential confusion.....Abadi is calling upon the Iraqi people and President Obama to unite in the fight against DAASH and the swift formation of the new government....House Speaker al-Jubouri is confident that a government will be in place well within the alotted time frame because most political blocs are interested in getting their candidates installed in the quickest of times....everyone seems to have the understanding that security is of utmost concern and the Iraqi's must get their unified government in place in order to maintain the levels of assistance they have been given up to this point....some of Abadi's ministry merging will possibly create some discussion within Parliament as to his motives and directions for going forward...but from the outside looking in it appears to make sense.
Kurdistan plans to raise the capacity of pipelines to oil doubled
Kurd officials were quoted this week as saying they have intentions of doubling their export capacity of their pipeline from around 100 thousand barrels per day to upwards of 200 in the near future.....this is all fine and good, but it will require the sale of oil on the Ceyhan, Turkey end of things on a more frequent basis or risk the pipeline being shutdown due to storage issues.....it does the Kurds no good having two tankers sitting off the coast of the US waiting for political differences to be ironed out before they can be offloaded to US customers.....just an FYI....from previous discussions the Kurds have had, it would appear this pipeline may have an ultimate capacity of somewhere between 400 and 500 thousand barrels of oil per day.....just a supposition on my part...but this pipeline must be buried very well to aid in its protection as I do not believe it has been shutdown due to terrorist activities since the flow through it began in earnest this past spring.
Federal Court Act is controversial parliamentary
While some members of Parliament see the Federal Court as one of the pillars of the Iraqi state...many feel that any work they need to do regarding the Federal Court Act can wait until after the formation of the new government...I would tend to agree with them....whatever they decide to do....they need to move forward with the aim of improving the act as necessary to ensure that it conforms to the needs of Iraq and the Iraqi people....and that any abuse of the system that may have transpired in the past will be put to a stop as they go forward with a more unified form of government.....seeing the Federal Court as that which prevails over Iraqi law and makes determinations when legal issues arise.
Jakoj unique .. deploy line-up of Ebadi .. before announcing next week!
This article provides an "alleged" list of who Abadi has selected for his ministries.....IMO.....treat this list as just a rumor at this time.....until you hear the names provided by Abadi himself.....question any such information.
CBI calls to action Order mail
CBI is expanding things in the realm of Iraq....moving toward the use of e-banking....an activity that would be tied to banking institutions as well as mobile phone companies....things we take for granted....they are hard at work to implement....this should be seen as a positive activity IMO.....a move forward by the CBI....as an advancement of their economy.
Maliki rejects the assumption by the Ministry of Defense and the National Alliance abandon the Interior
Maliki refusing to make changes doesn't really come as a surprise to me.....was Maliki offered something as critical as Ministry of Defense or a VP position....I personally doubt it....there is no integrity with this man....that is one thing that is glaringly obvious.....let him linger on and see where his chips fall.
Zebari resumes his work as foreign minister and the ministers of the Kurds .. return to cabinet meetings
The Kurds who walked out on the Baghdad government a month or better ago have come back to resume their duties....just in time to say goodbye to Maliki....hopefully.....now what is interesting is whether Maliki allowed them to return in their former capacity because with Zebari in particular....Maliki had temporarily replaced him with al-Shahristani.
Infallible: the ongoing consultations to form a new government promising
Abadi's work on forming his new government is looking promising and appears to be broad-based.....able to service Iraqi needs and fight corruption at the same time....also pointing to the security issues with the terrorists are already turning in favor of Iraq at this point....the one potential area of contention remains with Iraqi Sunni tribes....and how they see things going for them....will they pull together and work towards unity for all.
The budget deficit at 56% and the parliament demanding downwards to 11%
The Parliamentary Finance Committee has stated the 2014 budget deficit stands around 56% but Parliament is making demands that it be lowered to around 11%.....part of the work of the temporary committee working on the 2014 budget has been to remake the budget and lower the deficit to something more in line with what Parliament will consider is acceptable....I'm thinking they are discovering abuses of budget money that goes back to the beginning of the year and may in fact still be ongoing since the caretaker government remains in place and they are largely responsible for the state of affairs as they stand now.....carving a deficit down from 56% to just 11% is a pretty tall order for anyone.
Abadi al-Maliki advised to "majority government" if it continues dictations
Maliki attempting to tell Abadi how to form his government is almost comical if it weren't surreal in and of itself....Maliki the king of cronyism and corruption.....attempting to step in where Abadi has openly and repeatedly stated that he will seat a government that is based on integrity and competence....something that I don't believe Maliki ever sought in his government at all.
President receives a delegation of tribal and confirms that our troops now took the lead
President Massoum received a number of Iraqi Tribesmen who congratulated Massoum on his presidency and wished him much success. President Massoum spoke to them stating that he is encouraged by the direction the government is heading in forming unity and broad based stances that will eliminate any marginalization that was seen in the past....he hopes that the new government will be seen as one that works for all Iraqis to provide services and fight against a common adversary of corruption....he also pointed to the ongoing security issues and stated that he believes the Iraqi forces are winning and taking the lead in efforts to combat terrorism.
Central Bank confirms the possibility of expanding the work of banks in the coming period.
The CBI again confirms they are working on expanding business of banks to include electronic banking capabilities in the near future.....this would be through the use of smart cards.....a good thing on the horizon for Iraqis.
Deputy for Civil describing the work of the Interim Finance Committee to follow up the budget bill by Almtlki]
A member of the Civil Democratic Alliance is criticizing the work of the temporary Finance Committee....this committee has been without its head, Abadi, since he was appointed as incoming PM....so apparently this MP believes that without a leader the committee is useless....meanwhile the committee continues to review possible actions that can be taken to approve the 2014 budget.
Defense and Interior agree on the appointment of 15 thousand volunteers from Anbar tribes
Members of Anbar tribal families have been approved to be appointed into the ranks of the military and security forces and receive appropriate training.....Abadi sees this force as similar to the Peshmerga of the Kurdistan and they will be trained to rid their region of militant organizations such as DAASH.
Zebari announced the end of the Kurdish province of Ministers of the Iraqi government
Zebari esstenially returns to Baghdad in time to end his role as Foreign Affairs Minister under Maliki and urges the rest of the world to help Iraq fight against the armed groups that hold large areas of Iraq today....he believes these groups hold a great threat to the world as a whole.
Kurdistan Alliance: decision paydays will contribute to solving crises
To say that the Federal government agreeing to pay two months salary to Kurds is a good thing is accurate I think....but to say it will solve their crisis....that is a huge stretch....is the government on the right track....it would appear so....but wait until the government is fully seated to see how things really evolve.
Citizens for (et): "Ki Card" Tsergna under the cover of law
Iraqis are starting to see discrepancies and wonder why some ministries are behind the "Ki cards" and some aren't yet.....we've heard noise of the implementation of the cards since around 2008 or 2009....but little if any work has been done and it remains to be seen that anyone's salary has been paid into such cards.....so what is the hold up....when will they actually be put into use....is this a goal of the new government a change they wish to see occur.
Is Maliki’s Designated Successor a Friend of the Kurds?
An opinion article at best...and much of what it discusses is dated material.....things can and do change in time especially in the world in which we live today.....it is time to give Abadi some breathing room and see what direction he chooses or attempts to take things....I believe the National Alliance has put in place some strings that will help to control things in a manner that have never been in place while Maliki was in charge, thus his ability to take things in any direction he happened to choose....I believe we will see a different Iraq emerging out from under the rubble associated with past corruption....just give it some time.
The start of the Conference of the Iraqi British businessmen in London with the participation of a wide
Iraqi and foreign businessmen met in London to plan how to improve investment opportunities within Iraq....they continue to attempt to lure British businessmen to Iraq to help rebuild.
Infallible: the new government will be broad-based and without marginalization of any political party
This has been stated before but probably is worth rehashing.....President Massoum sees the new incoming government as being broad-based and one that is going to be without any marginalization of any political party or entity.....they will not be allowing any exclusion of any groups.....everyone will be an active participant in the governing processes.
Agreement on the formation of a parliamentary committee 17 permanent and next Monday to vote on its members [Expanded]
Monday looks to be a busy day for the Parliament....first the presentation of Abadi's government....then the formation of 17 Parliamentary committees in a permanent role will be rolled out as well.
Kurdistan Alliance calls for the annexation of Kirkuk to the region
We, the Kurds, just can't sit still and wait for it.....we have to make noise and demand that Kirkuk be addressed and left in their hands going forward.....yes it is definitely an important issue with regards to Article 140....but first things first....let us get the government seated....then allow them to adjust themselves to the new COM table as they look to what are hot issues and that they will hopefully agree that Article 140 and the boundaries of Kirkuk are important enough to address.....I am reasonable sure there will be a few Kurds in the new ministry that will not allow this issue to lie dormant for too long either.
The establishment of the Higher Military Council in Iraq and Cedar by the three presidencies and the heads of blocs
Abadi is seeking to create the "Higher Military Council"....because he fears he alone will be unable to handle the military...this council would be headed by three presidents, heads of blocs, and military leaders so as to prevent any unilateral security decisions....in other words....to keep things honest.....
it will be interesting to see where this idea and concept goes.
A short break in the news action this morning....will see what the afternoon brings us....stay tuned