Part 6 - Featuring BGG
MrsBGG says to Okie Dinar(7:36 PM):
Thank you for copying!!
baxter says(7:36 PM):
thx so much Bgg and Loop... appreciate it... (y)
loop says to baxter(7:37 PM):
You are very welcome.
baxter says(7:37 PM):
extremely encouraging....
baxter says(7:37 PM):
(y)
jetset says(7:37 PM):
thanks, BGG & Loop! Very good info! Very helpful!
loop says to jetset(7:38 PM):
(handshake)...hmmmmmmm
cricket22 says to BGG(7:38 PM):
Thank you again
Kountryway says(7:39 PM):
I just got here...was the Forex discussed?
GrannieAnnie says(7:40 PM):
Yes and I believe that BGG said that it was bogus if I read that right
Okie Dinar says(7:40 PM):
Here is the link for newstime
http://www.dinarupdates.com/showthre...564#post169564
GrannieAnnie says(7:41 PM):
Thank you Okie
Okie Dinar says to GrannieAnnie(7:41 PM):
You're welcome :)
GrannieAnnie says(7:42 PM):
Pablo says to BGG(6:47 PM):
Have you got any follow up info on the airlines and the FOREX?
BGG says to Pablo(6:48 PM):
I did some checking - the Forex jive is pure BOGUS out of another website. The IQD has been listed on
many Forex platforms for a long time.
GrannieAnnie says(7:42 PM):
Kountryway, that was for you darlin
loop says to Pablo(7:42 PM):
Lot's of news from credible news sites are pointing to the West Coast of Mosul being in a state of chaos. Different factions of ISIS are fight one another. The leadership left there is repoted as not being battle hardened.
MrsBGG says to Okie Dinar(7:43 PM):
Thank you for editing and copying the News Time!!
MrsBGG says(7:43 PM):
The DU team rocks!! Thank you everyone!!
baxter says(7:44 PM):
Thank you too Mrs Bgg..... appreciate all your efforts... :)
subgirl says to Okie Dinar(7:44 PM):
do you want a break? :)
(7:44 PM)Pablo was kicked out by Pablo!
MrsBGG says to baxter(7:45 PM):
you are welcome! It's a pleasure to serve with the amazing team @ DU!! We are truly blessed!!
MrsBGG says to subgirl(7:45 PM):
Good evening sweet lady :)
MrsBGG says to subgirl(7:45 PM):
Thank you for copying!!
subgirl says to MrsBGG(7:45 PM):
Good evening :)
subgirl says to MrsBGG(7:45 PM):
your welcome!
Okie Dinar says to MrsBGG(7:46 PM):
You're welcome! (F)
Pablo says to loop(7:46 PM):
When are offensive operations supposed to take place to clear out the rest of the city?
loop says(7:47 PM):
It is a different type of a battle because of the density, however the leader of the International Coalition said a couple of weeks ago that once the battle started ISIS would fall quickly.
loop says to Pablo(7:47 PM):
Yes. Reports are they will be starting the next phase soon.
Pablo says to loop(7:47 PM):
Yeah, those ISIS guys are really dense. :D
Soonergirlie says(7:48 PM):
love that news loopster (L)
loop says to Soonergirlie(7:48 PM):
You and me both
Okie Dinar says to Soonergirlie(7:49 PM):
(F)
Soonergirlie says(7:49 PM):
(F):-*
Soonergirlie says to Okie Dinar(7:50 PM):
glad you are back home safe, and your sis is better (L)
Okie Dinar says to Soonergirlie(7:51 PM):
Me too! I'm going back out in a couple weeks to see her. :)
Okie Dinar says(7:53 PM):
Have a good night DU :)
subgirl says(7:56 PM):
Good night OkieDinar :)
Bruce8585 says(7:56 PM):
Thank You Everyone!!......... I'm Out.......
subgirl says to Bruce8585(7:56 PM):
Good night!
(8:01 PM)matt was kicked out by matt!
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subgirl says(8:02 PM):
Iraqi economy .. and the need for reform
2/12/2017 0:00
Adnan Kanani
As is known to all, that the Iraqi economy is built on oil resource which provides about 98 percent of its revenues, and we do not have any other resource on the horizon.
This distorted the situation hardly see in any oil of another country, so the protection of this resource is the most important priorities of our economic policy, in the sense that the economic sectors involved and the features of the economic system had not stabilized yet despite the passage of 14 years, and the reason is that Iraq faces the tasks are complex and interrelated, some of them related to the legacy of the past .. it is clear for all it 's heavy legacy as a result of war and the consequences of the economic blockade and financial mismanagement.
And others , we can say: the desire to make economic reforms that ensure the creation of macroeconomic mechanisms in order to achieve the objectives of the current phase.
Thus the current economic structure is an extension of the past . There were no significant changes occur, in terms of industry, agriculture, investment and insurance sectors have fallen and others and the disappearance of her role in the movement of the Iraqi economy , which is in dire need of activation, and became the public sector is unable to lead the national economy, the spread of the phenomena of strange and improper in economic performance, with high clear and noticeable in the percentage of support in the general budget to make up more than 50 percent of the spending year.
subgirl says(8:02 PM):
http://www.dinarupdates.com/showthre...or-reform-2-11
subgirl says(8:03 PM):
A phenomenon that is common in both developing and developed Aktraloguetsadiat, as well as the high unemployment rate annually by more than 28 percent of the workforce , where appointments stopped in the budgets of the years 2014, 2015 and 2016 and 2017 and increased battalions of unemployed , which led to the increase in non - positive and migration phenomena among young people in order to get to the top of a well - off outside the home.
As well as the instability of income despite the improvement in salaries and wages , but the government has resorted to the imposition of duties, taxes and ratios big on state employees and pensions to withhold policy is creating a state of resentment and discontent among the citizens, and as a best would have required it to the concerned authorities to reduce the salaries and allowances of presidencies three.
We should also point out the importance of adjusting the financial and monetary policies and control the movement and behavior of the government and private banks to participate actively in the Iraqi economy development, but there 's acquiescence in the lack of accountability on the repeated breaching banking standards, but support by maximizing the financial resources of the profits from participation in the auction currency , which has the conservative viewpoint on doing.
The current phase after the approval of the state budget austerity for 2017 requires seriousness and courage, not to back down no matter what challenges a rapid economic reforms relating to the problems of citizens ' lives and incomes package and solving the unemployment problem and basic services as soon as possible and without hesitation.
loop says(8:03 PM):
Academy: Iraq is seeking to attract $ 50 billion
2/12/2017 0:00
BAGHDAD / Imad emirate
establish an attractive environment for capital is one of the necessities of Iraq and its economy in light of availability of a number of ingredients that effectively contribute to the achievement of sustainable development gradually.
Iraq seeks to create a favorable environment to attract foreign investment, and is no doubt that foreign capital is moving according to the determinants of political and economic stability of the state, along with laws that guarantee the process of transferring money and profits to the state parent or a foreign investor directly, and on this basis whenever appropriate increased investment environment quick foreign investment flows to increase.
Economic academic d. Abdul Karim Hnjar explained that the factor of stability in Iraq , influential in guiding the movement of foreign investment, given that the state is not stable encourage the entry of investments because of the variety of risks that could cause the investor.
He Hnjar in an interview for the "morning" that the confiscation of investments or exposure to various attacks may cause loss of the lives of workers, noting that the general situation in any country disorder is one of the strong factors that help in expelling foreign investment.
He Hnjar that owners of foreign capital are watching the political stability and peaceful exchange of power and the extent of the freedom and democracy enjoyed by the citizens, pointing out that the expansion of economic and trade relations and the degree of integration into the host country with regional and international surroundings Humen the most prominent elements of successful investments overseas.
And between, the investments are also affected by the economic determinants of monetary and fiscal Balseesten in the host country, as well as the size of the market plays a role in the access of foreign direct investment , along with the relative abundance of natural resources necessary for the establishment of foreign direct investment.
Hnjar confirmed that Iraq has vast natural resources such as sulfur, iron and phosphate and has a minimum size of oil reserves of 115 billion barrels of oil and productive age of 130 years and the cost of producing a barrel of oil amounting to approximately 1.2 dollars.
He pointed out that these features enjoyed by the country make him talk about his quest to attract foreign investment ranging between 35 to 50 billion dollars during the period 2017.2030 in the oil and gas sector to produce 10 million tons of petrochemicals.
He pointed out that the banking system is the foundation for the success of the entry of foreign investments, a proper system in performance and transparency in the transfer of money to and from the host countries is one of the success factors in the flow of foreign investment, and the culmination of this trend was issued Law No. 56 included the independence of the monetary authorities of the legislative and executive authorities, It is laying the groundwork for the banking system appropriate for the entry of foreign investment in the years ahead.
Hnjar between the importance of infrastructure , power being one of the elements of the success of the entry aimed at increasing productivity State Energy Investment, also plays an abundance and scarcity to the production elements are particularly important role in attracting appropriate foreign investment into its economy contributes to the re - distribution of income between the owners of these elements and then increase social well - being of their people.
Hnjar concluded, noting that competitiveness has become important factor in attracting foreign investment, and the main sources are the production and specifications and domestic demand - related industries processed more than economic sector elements.
loop says(8:05 PM):
He pointed out that the banking system is the foundation for the success of the entry of foreign investments, a proper system in performance and transparency in the transfer of money to and from the host countries is one of the success factors in the flow of foreign investment,
loop says(8:06 PM):
a proper system in performance and transparency... What has the UST and Federal Reserve been doing in Iraq this week.
loop says(8:07 PM):
What is KPMG doing in Iraq?
loop says(8:08 PM):
What was the MoU with the UK for?
loop says(8:08 PM):
What was the purpose of instituting the IBAN system?
loop says(8:09 PM):
What does transparency in the banking sector do?
loop says(8:11 PM):
It stops financing of terrorism, money laundering, and corruption on a huge scale.
loop says(8:22 PM):
Adviser to the Prime Minister: We are working to expand the non-oil revenues
2/12/2017 0:00
BAGHDAD / Ahmed Abd Rabbo
economic and financial advisor to the prime minister revealed the appearance of Mohammed Saleh to achieve 70 percent of the government 's plan to increase non - oil revenues to the state.
Saleh said in a statement »Sabah»: The «government is Al according to a plan designed to increase and expand the non - oil revenues to bridge the shortfall in the state budget law», pointing out that this plan stipulates that equivalent to those revenue 10 percent from government imports within previous year 's budget.
The country is facing an economic and financial crisis of the past two years, as a result of lower oil prices and the global markets, which led to measures to reduce the size of expenditures in the general budget , which supports nearly 90 percent of them on oil.
He added that « the government was able to achieve 70 percent of that plan», pointing out that « the government is trying to increase non - oil revenues during the current year 's budget, in order to strengthen the public finances of the state and the advancement of economic reality».
In terms of staff salaries Salih stressed that the government and part of its strategy of employees and retirees salaries secured during the current year budget, pointing out that they have taken measures and plans in order to respond to crises that threaten the local economy, is carried at oil prices.
The House voted in December of last year, the federal budget for the 2017 law, and amounted to 100 trillion dinars rate (84.7 billion dollars), and a projected deficit 21 trillion dinars (17.7 billion dollars).
(8:29 PM)7shelia was kicked out by 7shelia!
loop says(8:39 PM):
Lively group tonight.
subgirl says to loop(8:40 PM):
hey loop lol
subgirl says to loop(8:40 PM):
it is a very lively bunch lol
subgirl says to loop(8:40 PM):
how are you?
loop says(8:41 PM):
I've been a cemeteries that have move life.
subgirl says to loop(8:41 PM):
I really like the last article you brot in... We are working to expand the non-oil revenues
subgirl says to loop(8:41 PM):
lol
subgirl says to loop(8:41 PM):
oh my lol
subgirl says to loop(8:42 PM):
:D
loop says to subgirl(8:42 PM):
I am very well. How are you doing?
subgirl says to loop(8:42 PM):
I am better than this morning lol
loop says(8:42 PM):
The House voted in December of last year, the federal budget for the 2017 law, and amounted to 100 trillion dinars rate (84.7 billion dollars), and a projected deficit 21 trillion dinars (17.7 billion dollars).
subgirl says to loop(8:42 PM):
started to have a bit of a headache and so I took tylenol, a two hour nap and feel much better
loop says(8:43 PM):
Remember what the per barrel price was that the budget was figured at?
subgirl says to loop(8:43 PM):
45
loop says(8:43 PM):
42
subgirl says to loop(8:43 PM):
?? or something like that maybe 54?
subgirl says to loop(8:43 PM):
oh ok...
subgirl says to loop(8:43 PM):
cool!
loop says(8:43 PM):
Where is it trading now?
subgirl says to loop(8:44 PM):
more I believe... not sure exactly
loop says(8:44 PM):
Around $56.00
subgirl says to loop(8:44 PM):
ok...
loop says(8:45 PM):
For every dollar over $42.00 a barrel it means 1.4 billion dollars.
subgirl says to loop(8:45 PM):
wow! and look at how much it is now...
subgirl says to loop(8:45 PM):
14$
subgirl says to loop(8:46 PM):
so for each dollar over it is 1.4 billion dollars??
loop says(8:47 PM):
14 X 1,400,000,000.00 = 19,600,000,000.00
loop says(8:47 PM):
I say what deficit
subgirl says to loop(8:47 PM):
whoa that is a lot of money
subgirl says to loop(8:47 PM):
lol
subgirl says to loop(8:47 PM):
that is a lot!
loop says(8:47 PM):
Now that only holds true if oil stay up at this level the entire year.
subgirl says to loop(8:48 PM):
well you know it wont... I bet it will go up and down....
subgirl says to loop(8:49 PM):
that is interesting tho!!
loop says(8:54 PM):
Net foreign investment in the stock market
2/12/2017 0:00
BAGHDAD / Mustafa al - Hashimi of the
global economic situation, which represents a continuation of the trend of economic deflationary since last year, the big impact on the direction of trading in the financial markets in general and the Arab region and Iraq in particular because of the negative effects that reversed the survival of crude oil prices at Mistoyatealist according to ambition and austerity measures that budgets adopted by Arab states in general.
Iraq was not immune to the volatility of crude oil prices, despite the impact on the price index , which fell by 21.23 percent.
According to the annual report issued by the Securities Commission, seen by the "morning", the trading volume rose slightly and by 2.4 percent from last year as foreign investors role in the rise in trading volume, as she was foreign trading recap this year reflect the entry of net investment foreign by 3.15 billion dinars.
The report pointed to a decline in trading volume reached 426.8 billion dinars in 2016 compared to about 456.2 billion dinars in 2015 and by a decrease of 6.4 percent.
He said the banking sector occupied during the 2016 ranked first in terms of volume in terms of trading volume reached nearly 312.9 billion dinars , representing 73.3 percent of the total, indicating that the industrial sector ranked second in terms of trading volume reached approximately 55.3 billion dinars , representing 13.0 percent of the total, while finished third in the hotel sector , where trading volume reached 24.7 billion dinars , representing 5.8 percent of the total.
He noted that the session rate of trading volume during 2016 amounted to approximately 1.8 billion dinars to 1.9 billion dinars in 2015, while the number of trading sessions reached during the same year , 234 trading session , while the number of trading sessions reached during 2015 was $ 233 session.
Shares traded
report confirmed the rise in the number of shares traded during the year 2016 to 917.5 billion shares compared with 579.6 billion shares during the year 2015 and a percentage of 58.3 percent, a host that the banking sector occupied during the 2016 ranked first in terms of number of shares traded, reaching number of shares traded about 864.7 billion shares representing 94.2 percent of the total.
And it ranked second in the industrial sector in terms of number of shares traded amounted to approximately 37.1 billion shares by 4.0 percent of the total.
And finished third in the services sector in terms of number of shares traded amounted to nearly 7.7 billion shares by 0.8 percent of the total, have been meeting for a number of shares traded average through 2016 approximately 3.9 billion shares compared with 2.5 billion shares for 2015.
The number of contracts
report the Securities Commission pointed out that the number of contracts executed during 2016 amounted to about 111,200 contract , compared with 120,700 contract for 2015 and a decline of 7.8 percent, the banking sector ranked first in terms of number of contracts where the number of contracts amounted to approximately 51 000 held by 45.9 percent of the total, and ranked second in the industrial sector , where the number of contracts amounted to approximately 21 400 held by 19.2 percent of the total, it came in third place the services sector, reaching Adeddalacod executed nearly 17,900 held by 16.1 percent of the total, have been meeting for a number of contracts executed averaged 475.4 a contract through 2016 , compared with 518.0 a contract through 2015.
loop says(8:54 PM):
The general index of
general share price index record in the Iraq Stock Exchange ISX 60 of 2016 , a decline of 23.21 percent to close at the end of the year at 649.48 points compared to 730.56 points at the end of December of 2015 foreigners bought during 2016 amounted to 53.834 million dinars more than foreign selling during the same year , while the total sale of 38.126 million dinars , which made net foreign investment rises (buying stocks and selling by foreigners) to reach 157.8 million dinars.
subgirl says to loop(8:54 PM):
BBIAB :)
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jeffusa says(9:07 PM):
Iraqi forces have killed two would-be bombers from Islamic State and seized an arms cache in a crackdown on suspected militants in the government-held eastern section of the city of Mosul, a security official said Saturday.
The area was recently recaptured from the extremist militia as part of a months-long offensive to oust the extremists from Mosul, Iraq's second-biggest city.
"A force from the anti-terrorism service killed the two suicide bombers in a raid before they could target Iraqi troops in the area of Intisar [in eastern Mosul]," Brigadier Younes al-Sherifi, an official in the elite agency, said.
He told dpa that a large cache of arms, including a launch pad for firing rockets containing poison gases and explosives, was seized in another area in eastern Mosul.
"Iraqi forces have since the morning [Saturday] mounted a massive-scale campaign in the liberated districts after the bombings that took place in Mosul," al-Sherifi added.
jetset says(9:08 PM):
Lock & Load!
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kevin311312 says(9:48 PM):
chik chik
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subgirl says(11:48 PM):
12 min left...
subgirl says(11:53 PM):
7 min left :)
subgirl says(11:58 PM):
3 min. left so i think it is time to say good night toyou all>>>> :) GOOD NIGHT!!! :)
subgirl says(11:58 PM):
Good night Martha Sue :)
Martha Sue says to subgirl(11:59 PM):
night night subby. just readying the News time from tonight that Mags sent to me tonight. I was at church. AWESOME
Martha Sue says to subgirl(11:59 PM):
glad you got home safely!!!
subgirl says(11:59 PM):
oh ok :) thank you so much :) I am too lol
subgirl says(11:59 PM):
hope you are doing well? :) take care of yourself :)
Martha Sue says to subgirl(11:59 PM):
sweet RV dreams!
Martha Sue says to subgirl(12:00 AM):
OHHHHHHH so ready!
subgirl says(12:00 AM):
yes sweet RV dreams to you too :)
subgirl says(12:00 AM):
lol me toooooooooooooooooooooo lol
End of Saturday's Chat Log | Link to Part 1
