OIL 101: ENERGY ECONOMICS
OIL 102: PEAK CHEAP OIL
OIL 103: SHALE OIL
OIL 104: ENERGY & THE ECONOMY
CENTRAL BANKING 101: COMING SOON
CENTRAL BANKING 102: COMING SOON
CENTRAL BANKING 103: COMING SOON
CENTRAL BANKING 104: COMING SOON
MONEY 101: MONEY CREATION
MONEY 102: MONEY AS DEBT
MONEY 103: COMING SOON
MONEY 104: COMING SOON

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  • b1955's Avatar
    Today, 10:15 AM
    Good Morning all of DS hope everyone has a great weekend and keep warm :) :) :)
    898 replies | 42915 view(s)
  • harry's Avatar
    Today, 09:32 AM
    Kurdistan get a British loan of $ 34.8 million 09.12.2016 It announced that the Kurdistan Regional Government, on Friday, signed an agreement with the British Government whereby you get a loan of 34.8 million US dollars.According to a statement seen by / balances News / "The Kurdistan Regional Government and the Agency granted the British Government loans UKEF have reached an agreement whereby you get a loan of 34.8 million US dollars. The statement noted that "the British agency has agreed to grant the loan within the first phase to support water and sanitation projects in Erbil and Sulaymaniyah after the provincial government signed in 2015 a contract with Biwater company at $ 1.2 billion dollars. "He explained, "The agreement includes the establishment of a water purification unit with a capacity of 600 thousand cubic meters in Erbil and renovation project and water purification unit, along with the provision of sophisticated equipment. "The statement quoted the head of the regional government Nechirvan Barzani said in a speech during the signing of the contract and the agreement to get the loan "It's an important step to improve the daily life of the inhabitants of Irbil and Sulaymaniyah," noting that "this is the first time that the British government provide loans directly to the Government of the region for the development of infrastructure." http://www.mawazin.net/%D9%83%D8%B1%D8%AF%D8%B3%D8%AA%D8%A7%D9%86-%D8%AA%D8%AD%D8%B5%D9%84-%D8%B9%D9%84%D9%89-%D9%82%D8%B1%D8%B6-%D8%A8%D8%B1%D9%8A%D8%B7%D8%A7%D9%86%D9%8A-%D9%82%D9%8A%D9%85%D8%AA%D9%87-348-%D9%85%D9%84%D9%8A%D9%88%D9%86-%D8%AF%D9%88%D9%84%D8%A7%D8%B1/%D8%A7%D9%82%D8%AA%D8%B5%D8%A7%D8%AF%D9%8A%D8%A9
    0 replies | 38 view(s)
  • harry's Avatar
    Today, 09:15 AM
    Banking density 8/12/2016 0:00 Dr.. As Abdul Hadi is the concept of banking density one adopted in the economic and financial analysis of banking indicators , which refers to the number of inhabitants per bank in the country, and thus whenever this indicator fell indicates that the spread of banking habits . In the European Union record of this indicator (1500) inhabitants per bank Therefore it is better than in the United States which scored five thousand people for each bank, but the question how to analyze this indicator in Iraq? What many it was interested in banking issues and even some officials contend the decline of this indicator in Iraq amounting to ten thousand people for each bank and make recommendations for its improvement by increasing the number of banks and bank branches in order to achieve this, and they do analyze the index is absolutely no perception of the reality of the economy of Iraq. The number of banks in Iraq (66) bank note that the number of its subsidiaries collectively exceed 600 branches, as well as three banks under formation, and this is certainly improve the proportion of banking density in Iraq, but the more important question is: Is This will contribute to the development of reality banking and transaction banking than it is now? To find out the answer to this question must return to the question that was preceded, as part of the answer should be reviewed a number of indicators from which the proportion of cash leakage that arrive in Iraq to around 90 percent) , which represents the ratio of the existing currency outside the banking system of the total issued currency, so we can say that the public does not prefer to deal with the device banking. Moreover, (90 percent) of almost deposit shall be deposited with the government banks and limits (75 percent) of these deposits are deposits government. In contrast, the banking liquidity ratio is in the order (94 percent) , which is more than the standard rate , which developed within the Basel requirements . This means that the banks can not afford to employ available for its liquidity due to higher hedge on one side and a tight market on the other. Accordingly , we do not see a need to increase the number of banks in Iraq , but we need to activate the banking business and modernize Instead, the banking index is the relative density measurements is high and we have not vice versa , as many believe. http://www.alsabaah.iq/ArticleShow.aspx?ID=127816
    0 replies | 46 view(s)
  • harry's Avatar
    Today, 09:09 AM
    Economic researcher: small businesses raise the contribution to GDP 8/12/2016 0:00 BAGHDAD / Mustafa Hashimi plays enterprises or small and medium enterprises a vital role in the economy supply the large projects being processed and complementary pre - requisites would raise the efficiency and quality of production , but the growth in the country faces challenges in funding and aspects of the requirements and regulatory. Sees economic researcher verse just need to develop the legal business environment, infrastructure, organization, thus contributing to the activation of the role of such projects or institutions in the economy of Iraq. She added in an interview with "morning" that these projects or institutions account for about 90 percent of business enterprises, contribute about 33 percent of gross domestic product and more than half of exports in economically stable countries. It showed that the size of these projects and the lack of development of the capital markets have limited the access to financing through bonds or stocks, and the provision of funding through banks requires less collateral scored Maigal about it, what a hindrance for small and medium entrepreneurs on funding through this channel for the purpose of developing its production and expand its activities. Providing funding and explained just need to provide funding at a reasonable cost for these projects or even institutions grow and give impetus to the private sector to greater prosperity. And it found that the local government institutions , partnership with the private sector will undoubtedly provide the necessary expertise for the development and capacity building for small and medium enterprises. The small and medium enterprises have an incentive to develop financing products for banks to suit their needs, in addition to its ability to provide employment opportunities. Economic growth of just and pointed out that the professionalism of the number of entrepreneurs, flexibility and responsiveness to changes give further impetus to economic growth in Iraq, and that the job opportunities offered by these projects working to improve the lives of people in developing and developed countries alike level, as it 's able to absorb a rate of about 70 percent almost of the total workforce in the country. " The private sector is facing many challenges , perhaps the most notable energy and security , but he is able to take the initiative if it is allowed government support to enact new legislation suited to the current stage accompanied by a glance to the future prospects of a positive." Stimulate innovation and made it clear that the Iraqi private sector has much capital it is important to factor in job creation, in addition to that the private sector has the productivity of plants being able to find 9 out of every 10 jobs. And just hinted that the private sector can stimulate innovation because it is free of bureaucracy and red tape , unlike the government sector sagging, confirming its ability to produce goods needed to improve the living conditions of the people and achieve their revenue and services. http://www.alsabaah.iq/ArticleShow.aspx?ID=127812
    0 replies | 35 view(s)
  • harry's Avatar
    Today, 09:03 AM
    2017 balance between austerity and fiscal discipline 8/12/2016 0:00 BAGHDAD / Imad emirate raised the issue of the budget in 2017 in Iraq controversy among the public and interested parties and specialists about what next year 's budget is the budget and whether war or peace and reconstruction in the budget? And apparently the prevailing view among the general citizens it austerity privilege budget, because of his campaign with it from the tax deductions from employees and pensions, as well as the existence of pressure to the terms of government expenditures in most aspects of public spending (except military and security), which reached the customizations ratio has about 22 percent , a record high in more than ten years, because of the difficult conditions and the minute that passes by Iraq. Economic academic Dr. Amr Hisham Al - Mustansiriya of the Center for Arab and International Studies confirmed »Sabah» need to focus on the part of public expenditure and control through the (fiscal discipline) and not indiscriminate austerity in reaction to the decline in oil revenue. Economic plan and draw Hisham that the pattern of the new budget year could be the beginning of the fiscal discipline path in the mind and behavior of decision - makers in the government, especially in light of the global outlook , which suggests the possibility of higher oil prices to levels achieved break even Iraqi general budget, which calls for taking fiscal discipline behavior of both the economic and the Iraqi charge scheme, rather than austerity measures is studied to overcome the current financial crisis. It is intended to fiscal discipline is that the total public expenditure does not go up the allowable limit, or that does not exceed the fiscal deficit of the public budget a certain percentage of gross domestic product. He explained Hisham that the public budget is an estimate potentially for the expenses of the government and its revenue during the period to come is one year, either in the case of Iraq , which depends on oil prices in determining public revenues is closer to the predictions and surprises that brook to be unpleasant , as in the extended years between 2004.2008 and between 2011.2014 or be shocking , as in the past two years. Credibility and transparency and added that what Iraq needs , whether in times of ease , or financial hardship is fiscal discipline, in order to further the principles of credibility and transparency of the public budget, as well as other traditional principles known in the science of financial economics. He noted that the realization of the principle of fiscal discipline requires lifting paragraphs privileges and social benefits retroactively, as well as the existence of a presidential rings redundant in the structure of heaving the Iraqi state originally these episodes outside the constitutional framework, at a time when increasing deductions of civilians and retired staff or increase real estate income tax rate from the place where 10 to 12 percent will reflect negatively on the overall level of rents and the possible transfer of the burden or part of landlords to tenants. Hisham stressed the need to work to fiscal discipline, rather than the continuation of austerity, being a push expenses automatically and promotes the activation of production in all sectors, as it would limit the accumulation of entitlements and local farmers to contractors. The budget deficit and pointed to the need for projects to be delivered by local contractors active and economically feasible. Therefore, the federal budget for 2017, which included a deficit beyond the 20 trillion dinars (though this figure does not give sufficient economic connotation absolute his image). http://www.alsabaah.iq/ArticleShow.aspx?ID=127810
    0 replies | 34 view(s)
  • Jade's Avatar
    Today, 09:01 AM
    Greetings All ... thanks Harry and KSD - ended up not going to hospital for several reasons ... it is cold even here too - already had a cup of coffee to stop shivering :D ... somehow I feel there may be a 'good' answer to our waiting after the new year - we'll see ... two of my dialysis 'boy-friends' have invited me to join them for dinner tomorrow night - been a long time since I've been to a restaurant - actually starting to like my own cooking .. lol ... Hope Everyone has a great weekend - -> stay safe and warm!!
    898 replies | 42915 view(s)
  • harry's Avatar
    Today, 08:51 AM
    good morning to all ds i pray that everyone will have a blessed day and enjoy its stay warm and be safe in what you do
    898 replies | 42915 view(s)
  • ksdunlap's Avatar
    Today, 08:06 AM
    Good morning DS. It's nippy out there this morning but not as much as other places. Hot cocoa sounds good. I pray everyone has a wonderful & blessed Friday/weekend. Enjoy it & stay safe & warm.
    898 replies | 42915 view(s)
  • Bondlady2's Avatar
    898 replies | 42915 view(s)
  • all in's Avatar
    Today, 12:12 AM
    ''Right ,just like the stock market would collapse if Trump got elected. The only thing that would collapse there is a bunch of corruption. suck it up and do it.
    1 replies | 144 view(s)
  • THIEF OF BAGDAD's Avatar
    Yesterday, 07:33 PM
    Iran to switch currency from rial to toman Thu Dec 8, 2016 9:59AM HomeIranEconomy Iran is preparing to switch its national currency from the rial to the toman - a move that could boost the value of the country’s national currency against the US dollar. Iran is preparing to switch its national currency from the rial to the toman - a move that could boost the value of the country’s national currency against the US dollar. Iran is gearing to switch its national currency back to the toman – a move that would end the rein of the rial after around 90 years and also could boost the value of the country’s national currency against the US dollar. The administration of President Hassan Rouhani in a cabinet meeting on Wednesday approved the switch, as reported by the domestic media. The plan still needs to be approved by the Parliament and later the Guardian Council that checks the laws against the Constitution and the Sharia law of Islam. Nevertheless, speculations over the impacts of the move are already emerging. Valiollah Seif, the governor of the Central Bank of Iran (CBI) who reportedly proposed the switch, was quoted by the media as saying that the move is meant to facilitate the transactions by the public. Seif emphasized that the rial had been literally removed from transactions in Iran for long in what he said was a result of rising inflation over the past decades. “Switching the national currency from the rial to the toman is a measure which is meant to facilitate transactions by the public, to acknowledge what the people generally accept in their current trend of trade and to match the economics of the society with the realities,” he was quoted by IRNA as saying. One toman would be worth 10 rials and switching to the toman means that a zero would be removed from price figures. This, Seif said, was a plan that had been on the agenda of Iran’s banking sector and it would not have any impacts on the country’s inflation rate. The Iranian currency was known as the toman until the 1930s, when the name was changed to the rial at a rate of 10 rials to a toman. Nevertheless, the Iranians continued to use the old terminology even after the change and the rial only remain in the official language. It is still not clear when new coins and bank notes will be made available after the go-ahead is giving for the currency switch. Mohammad-Reza Ranjbar Fallah, a Tehran-based economist and a university lecturer, was quoted by the media as saying that Iran needs to drop several zeros from its national currency instead of one. Also, MP Hassan Hosseini Shahroudi, who is a member of the presiding board of the Parliament’s Economic Commission, emphasized that the plan to switch to the toman would deliver a short-term shock to the currency market in Iran, adding that everything would be back to normal later on. Gholam-Reza Mesbahi Moqaddam, a member of Iran’s Expediency Council and a former MP, praised the policy, and said it would create a unity between the spoken and formal use of the national currency. Amir Nojoomi, the secretary of Iran’s High Council of Exchange Shops, was quoted by the domestic media as saying that switching to the toman will increase the value of Iran’s national currency against the US dollar 10 folds. “President Rouhani’s move is like what Turkey’s President Recept Tayyip Erdogan did,” Nojoomi said. “When he took office, he ordered to strike six zeros from Turkey’s national currency. Accordingly, the people had one lira in banks for every six million liras.” The official exchange rate of the US dollar in Iran - which is determined by the CBI - is 32,150 rials and its unofficial rate - the street rate - is above 37,000 rials. http://presstv.com/Detail/2016/12/08/496981/Iran-to-switch-currency-from-rial-to-toman
    1 replies | 153 view(s)
  • harry's Avatar
    Yesterday, 10:38 AM
    186 deputies finish the throes of the budget despite the objections of Erbil and Basra 186 deputies finish the throes of the budget despite the object 08/12/2016 Has unanimously sharp political differences, the House of Representatives approved on Wednesday, the budget in 2017, which amounted to 100 trillion dinars and a deficit of 21 trillion dinars. The budget was built on the export of 3.75 million barrels per day , including 250 thousand from the Kurdistan region, and 300 thousand barrels for Kirkuk 's oil, is priced at $ 42 a barrel, based on the exchange rate of 1182 dinars per dollar. He introduced the bill to a vote at a meeting last Saturday, but the dispute over the allocation of the crowd frustrated tribal voting is completed , which lasted until midnight. And foiled the same row of the second hearing on Monday. The voting session was attended by 186 deputies out of 328 deputies. And stipulates (Article 52 / II) " in the form of the popular crowd adaptation of the provinces and areas where military operations against terrorist organizations by equal sons (the ratio of those provinces populated areas, according to the Ministry of Planning data) of the total number of employees of the crowd. He was vice Forces Union demanded to allocate at least 35 % of the crowd of fighters to mobilize the tribes, but this request was rejected by the National Alliance , who has expressed his willingness to give the crowd tribal allocations commensurate with the rate in the whole country. after the voting session at a press conference attended by the (long - Presse), said Parliament Speaker Salim al - Jubouri said . " budget 2017 predominately austerity, and the most prominent aspects adopted by the House of Representatives in the budget to give priority to re - displaced people and provide the needs of the liberated areas and the expansion of investment. " He Jubouri that" the budget is also included to maximize the non - oil resources and support for the local product and reducing the external deputations and counted, as well as reduced the proportion of the tax deduction and to provide for the printing of books financial allocations. the chairman of the House of Representatives to" allocation of funds for the rehabilitation of survivors Alaesideat and women survivors of Tal Afar and Nineveh plain ", stressing that" the next stage you need to unite everyone and there are half a large need for the solidarity of everyone. " He Jubouri that " the budget included to ensure the rights of employees and retirees and the payment of pension benefits to employees self - funded companies , " stressing " the keenness of the House of Representatives not to prejudice salaries and considered a red line regardless of the percentage of disability." The head of the parliament during the conference that "the House of Representatives to reduce deductions on employees ' salaries to 3.8% , " he said , adding " the paragraph on assignments KRG staff in budget revenue exceptional efforts." And caused disputes obstructing the adoption of the draft budget twice during the current week. But a source in the National Alliance confirmed resolve the differences between the political blocs before entering the voting session. The source said in an interview with (long - Presse) that " the political blocs were able to resolve the differences on the financial budget bill for next year 2017 , " noting that "most of those differences were on allocations clan crowd , which was agreed to grant allocations according to the ratio of the population of the provinces." A parliamentary source said (long - Presse) The vote on the budget was in the presence of 186 deputies, stressing that " the vote was unanimous . " The source added that the House of Representatives "voted to amend the paragraph to grant leave to employees , " noting that " the amendment guarantees granted employee vacation unusual for four years and a salary My name is full of all ministries , including the Ministry of Interior with the exception of the Department of defense. " The source revealed for "giving member of the Interior Ministry vacation unusual condition affiliated with the request and approval of the Minister of Interior." The House of Representatives had voted at a meeting last Sunday to reject the paragraph in the budget provides for the granting of state employees leave for a period of 5 years with a salary my name. The number of deputies withdrew from Basra voting session in protest against the petrodollar allocations that political blocs agreed to identify 5% of each barrel of product, while retreating student allocation of $ 5 for every barrel of product. The House also voted on the budget and the budgets of the judiciary and the Human Rights Commission. The judiciary 's budget amounted to around 400 billion dinars, while the UN High Commissioner for Human Rights , a budget of about 25 billion dinars. The vote on the budget announced Presidency of the Council of Representatives of the legislative term ends, disrupting proceedings for a period of one month. In the meantime , MP Mohsen al - Sadoun, a member of the Kurdistan Democratic Party bloc , told Reuters that the bloc were not present at the hearing and to have the objections from the beginning and think that the budget that was approved did not meet their requests. On the eve of the vote on the budget, considered the Kurdistan Regional Government, that the paragraphs of the budget concerning the Territory "dangerous political scheme" against Kurdistan. She noted that the vote was against the general interests of the people of Kurdistan. The government said in a statement seen by (range) yesterday, said that " the paragraphs relating to the province of Kurdistan in the Iraqi budget for 2017, a serious political plan against the Kurdistan region," expressing regret "for the Kurdish parliamentarians vote in spite of providing them with sufficient information. "The statement said the provincial government said that " the Kurdistan region of expenses per month currently stands at 1 trillion and 352 billion dinars , " pointing out that "in the event of continuing the region sell oil as follows, the total projected to export oil on the estimate of $ 42 per barrel of monthly revenue to the local revenue It will reach 1 trillion and 20 billion dinars per month, a difference of 390 billion dinars more than in the Iraqi federal budget for the year 2017 public law. " She said the Kurdistan Regional Government that "our proposal , which has not been taken is that in return for the sale of the Kurdistan region 's oil by the federal government and the return of revenues to Baghdad, all financial dues to the province of which came in the annex to the agenda with the law , which is about 970 billion a month despite the fact that this refund less b (50) billion dinars of direct sales and imports of oil from the region , "pointing out that" in the event of acceptance of what is stated in the federal budget law for the year 2017, the region will be affected. " And it showed the presidency of the Kurdistan Regional Government that " the amount received from Baghdad only covers the salaries saved to the staff of Kurdistan will not stay any other financial source , however , the territorial Government to secure the operating expenses and payments owed to oil companies and there payment of loans, all of which needs to be 390 billion dinars , " expressing their willingness "for dialogue with The federal government in exchange for the provision of all financial dues and ensuring all the salaries of the region. " http://www.almadapaper.net/ar/news/521009/186-%D9%86%D8%A7%D8%A6%D8%A8%D8%A7-%D9%8A%D9%86%D9%87%D9%88%D9%86-%D9%85%D8%AE%D8%A7%D8%B6-%D8%A7%D9%84%D9%85%D9%88%D8%A7%D8%B2%D9%86%D8%A9-%D8%B1%D8%BA%D9%85-%D8%A7%D8%B9%D8%AA%D8%B1%D8%A7%D8%B6
    0 replies | 75 view(s)
  • harry's Avatar
    Yesterday, 10:21 AM
    11% of Iraqis have bank accounts and 300 ATMs across the country 11% of Iraqis have bank accounts and 300 ATMs across the country 08/12/2016 The CBI began its first steps toward making a transition to electronic financial transactions ,as is happening in the world after Nizami National divider activation and exchange of credit information, while financial experts have confirmed that the loss of confidence in banks deployed in the country would be deterred towards the implementation of the electronic financial transactions. Reports indicate that the Iraqi citizens lose confidence in the banking sector , where the proportion of Iraqis who have bank accounts 11% , while the number of funds chunky in homes of 37 trillion dinars. The central bank launched the action "national chunked" private exchange remittances through the introduction of credit cards, and as he pointed to a run of five banks and companies to collect POS first system stage, he emphasized that the system will connect the banks communications network and a single and easy to a lot of banking matters. He said in a press statement, that " the launch of the system in the rest exported banks for payment cards will be before the end of this year , " he said , adding that " the system will connect the banks communications network one, as they would be a lot of banking matters and will eliminate routine followed in reviewing the banks will complete the transaction as soon as possible possible, through electronic payment instruments represented the credit cards of all kinds. " And works in Iraq , 45 private banks are using modern electronic system and under the leadership of the Association of private banks led by Assyria and Handal depositary bank manager. The executive director of the Association of private banks, Ali Tariq "long", " The banking system in the country began to evolve through modern technology used and the most recent exchange of credit information system launched by the central bank and its goal to know the customer who wishes to obtain a loan history , " referring to "There is no cooperation between the banks among themselves to see customers who have problems in repayment of loans?". He added that " the exchange of credit information system that includes the names of borrowers of all banks across the country, including the Kurdistan region , " explaining that " the exchange of credit information system will make the banks take the right decision on giving the customer the loan or not." Tariq He noted that the "second system known as the National divider launched days the central bank before the target system to link ATM civil and governmental banks devices Anyone who has a bank account in banks associated with this system to withdraw money from any ATM machine is widespread in the country , " noting that "banks located in the Kurdistan region operate this system." He stressed that " the first meal of the five banks associated with the National divider system is the Iraqi Bank of Commerce and Bank of Baghdad and the Bank Ahli Bank of the Middle East and Assyria , and will in the coming days , the International Development Bank and the Bank of return , " pointing out that " the number of ATMs deployed in Iraq , $ 300 device . " . He pointed out that " the banking sector is well advanced and we wish that you own to pay the salaries of private sector companies as well as banks and government departments." The number of bank branches in the country 's 900 branch, and reports indicate that every bank branch serving 30,000 citizens, while all ATMs serve 120,000 citizens, but in Jordan each bank branch serving 8.5 thousand people all ATMs serve 5846 residents. On the other hand, said financial expert Abdul Rahman al - Mashhadani , "long", said that " a systematic national divider activation and exchange of credit information is an important step towards the development of the banking sector , " noting that "these systems are used between the countries since the work began with the ATM." He stressed the financial expert on the "need to develop the banking sector by using modern technology and offer more services that make the citizen 's trust in the banking sector and the deposit money in scattered in the country 's banks , " pointing out that "many of the banks that were big names collapsed too quickly and this makes the citizen does not trust banks. " He called al - Mashhadani , the private banks to " the need to increase the number of bank branches and ATMs and solving all the problems related with the ATM." In the meantime, the economist said a just peace "long", said that " the use of an important step toward activating the banking sector , modern technology, but requires a major effort , especially that there are lagging behind banks," adding that "ATMs where many of the problems have been exposed to theft sometimes on the banks find serious solutions to this issue ". http://www.almadapaper.net/ar/news/520983/11--%D9%85%D9%86-%D8%A7%D9%84%D8%B9%D8%B1%D8%A7%D9%82%D9%8A%D9%8A%D9%86-%D9%8A%D9%85%D8%AA%D9%84%D9%83%D9%88%D9%86-%D8%AD%D8%B3%D8%A7%D8%A8%D8%A7%D8%AA-%D9%85%D8%B5%D8%B1%D9%81%D9%8A%D8%A9-%D9%88
    0 replies | 72 view(s)
  • harry's Avatar
    Yesterday, 09:18 AM
    Four years of leave granting mechanism in accordance with the balancing act 2017 8 December 2016 Baghdad/Iraq News Network- the House approved Wednesday, a paragraph in the federal budget law for 2017 allows State officials to leave for four years with a full name, according to the terms of the first paragraph of article identified mechanisms 38 as follows:- "The competent Minister or President who is associated with the Ministry or the mayor or authorized by any of them at the request of the employee, grant completed four years in the employment of staff leave full nominal salary for four years and be without pay for more than four years and counted for retirement to pay full pension arrests during his leave and not be interrupted during the period of leave for any reason whatsoever and exercise employee during his vacation work except from State personnel discipline Act No. 14 of 1991 amended ". http://aliraqnews.com/%D8%A2%D9%84%D9%8A%D8%A9-%D9%85%D9%86%D8%AD-%D8%A7%D9%84%D9%85%D9%88%D8%B8%D9%81-%D8%A5%D8%AC%D8%A7%D8%B2%D8%A9-%D8%A7%D9%84%D8%A3%D8%B1%D8%A8%D8%B9-%D8%B3%D9%86%D9%88%D8%A7%D8%AA-%D9%88%D9%81%D9%82/
    0 replies | 66 view(s)
  • harry's Avatar
    Yesterday, 08:51 AM
    good morning to all ds i pray that this day will be a special blessing for all, well winter has come and in some place its more cold than the other place but stay warm and try to stay well
    898 replies | 42915 view(s)
  • Bondlady2's Avatar
    898 replies | 42915 view(s)
  • ksdunlap's Avatar
    Yesterday, 08:09 AM
    Good morning DS. Congrats on the deer Harry. Jade I'll be thing about you today while your at the hospital. Vertical coffee & conversation was awesome cleopatra lol. Sis I hope ya'll are doing well & staying warm. I pray everyone enjoys a very blessed day. Stay warm & safe.
    898 replies | 42915 view(s)
  • harry's Avatar
    12-07-2016, 06:50 PM
    Governor of the Bank: Cancel sell currencies window will lead to the collapse of Iraq's entire financial situation 12/7/2016 The governor of the Iraqi Central Bank on the Keywords that stopped selling the dollar by selling currency in the bank window will lead to the collapse of the Iraqi dinar and financial situation in Iraq in general. Keywords and said in a statement on the sidelines of the annual conference of the Union of Arab Banks, which was held in Beirut, "said the central bank is obliged to do the job, though declined to perform this role for the collapsed financial situation in the whole of Iraq." He said the bank's governor "to Waglguena sell the dollar has become a window to the dollar price per between 3 and 4000 dinars, and maybe more. The governor pointed out that "in the event of cancellation of the current window of the currency will have to print trillions of Aldnaniralaracah annually to cover the local need of the dinar, which will lead to Iraqi Anhiaralamlh due to inflation, or what is known as excessive cash." And about the prospects float Aldenarabraghi, similar to other countries in the region, Keywords "This is not on the table, said at present, we are working to liberalize the currency and not float, a large difference between the two." Keywords denied the existence of coin auction at the Central Bank, but the sale of foreign currency window, stressing that the central mediator between the Ministry of Finance and the public is not only. He noted that the solution in Iraq lies in reducing the demand for the dollar through the structure of the Iraqi economy correction, rather than through a reluctance to sell Atar. http://www.aljournal.com/eco/myapp-7326/
    1 replies | 144 view(s)
  • harry's Avatar
    12-07-2016, 06:42 PM
    Iran make changes to the local currency 12/7/2016 The Iranian government has decided, Wednesday, December 7 / December, at a meeting to delete the zero from the local currency and the launch Altoman by name instead of the rial. According to the government website, "each one Toman equal to 10 riyals, and so the local currency be lost zero." He was called on Iran's local currency before this decision riyal name but in commercial transactions was being zero cancel them and renamed it Toman. With this new decision will be abolished from scratch on the banknote and becomes a deal on behalf of Altoman. The Iranian domestic currency many zeros, where one US dollar is equal to 39,000 rials in the free market, and now every dollar equals 3900 Toman. http://www.mawazin.net/%D8%A5%D9%8A%D8%B1%D8%A7%D9%86-%D8%AA%D8%AC%D8%B1%D9%8A-%D8%AA%D8%BA%D9%8A%D9%8A%D8%B1%D8%A7%D8%AA-%D8%B9%D9%84%D9%89-%D8%B9%D9%85%D9%84%D8%AA%D9%87%D8%A7-%D8%A7%D9%84%D9%85%D8%AD%D9%84%D9%8A%D8%A9
    1 replies | 153 view(s)
  • harry's Avatar
    12-07-2016, 01:38 PM
    Parliament Speaker: sagging career behind the absence of the 2017 budget appointments December 7 .2016 Sommer News: Baghdad .. attributed Parliament Speaker Salim al-Jubouri on Wednesday, devoid of the 2017 budget appointments to career sag located in government departments, noting that the budget is dominated by the character of austerity. Jubouri said during a press conference at the parliament building, "The 2017 budget is dominated by austerity character, and the most prominent aspects adopted by the House of Representatives in the budget to give priority to re-displaced people and provide the needs of the liberated areas and the expansion of investment." "The budget is also included to maximize resources and support non-oil domestic product and reducing the external deputations and counted, as well as reducing the rate of tax deduction and to provide for the printing of books financial allocations." He Jubouri, that "it has been allocating funds for the rehabilitation of survivors Alaesideat and women survivors of Tal Afar and the Nineveh plain," stressing that "the next stage you need to unite everyone and there are half a large need for the solidarity of everyone." He explained that "the absence of the budget appointments because of slack in the existing state departments dramatically," referring to "agree to exchange securities for farmers and contractors compensation for their dues." He pointed out, "it was a vote on a paragraph to involve all communities in the popular crowd and not to impose a political party and its dominance of the crowd." The House of Representatives voted on Wednesday, on the whole budget in 2017. http://sumer.news/ar/news/14946/%D8%B1%D8%A6%D9%8A%D8%B3-%D8%A7%D9%84%D8%A8%D8%B1%D9%84%D9%85%D8%A7%D9%86-%D8%A7%D9%84%D8%AA%D8%B1%D9%87%D9%84-%D8%A7%D9%84%D9%88%D8%B8%D9%8A%D9%81%D9%8A-%D9%88%D8%B1%D8%A7%D8%A1-%D8%AE%D9%84%D9%88-%D9%85%D9%88%D8%A7%D8%B2%D9%86%D8%A9-2017-%D9%85%D9%86-%D8%A7%D9%84%D8%AA%D8%B9%D9%8A%D9%8A%D9%86%D8%A7%D8%AA
    0 replies | 72 view(s)
  • harry's Avatar
    12-07-2016, 01:34 PM
    * Iraq * Press published the text of the 2017 budget law 7 December this is to long to post but can be read here http://www.iraqpressagency.com/?p=224762
    0 replies | 77 view(s)
  • harry's Avatar
    12-07-2016, 01:09 PM
    A positive outlook for the Iraqi economy in the next year 7/12/2016 0:00 After receiving the second installment of the IMF loan BAGHDAD / Mustafa al - Hashemi At a time when Iraq got it on the second installment of the IMF loan of $ 617.8 million of the total value of the loan for a period of three years, which is estimated at $ 5.34 billion, an economic Academy called for the need to approach the amounts of such loans to achieve economic development, including the It would reduce dependence on external borrowing to finance the budget deficit. The International Monetary Fund predicted an overall growth of real GDP of Iraq over the next year to 8.1 compared to 7.6 for the current year within the selection of the 2012 economic and financial indicators to 2020. a at a time when the International Monetary Fund announced that its Executive Board completed the first review of the implementation of the standby credit held with Iraq agreement for three - year agreement , which aims to assist Iraq in the implementation of economic reform and the restoration of fiscal balance in the medium term program. The International Monetary Fund said in a statement, said the Executive Board exchange about 617.8 million dollars after the completion of the first review of the economic reform program in Iraq. The statement pointed out that the program which is supported by the fund include measures to protect the poor and strengthen the stability of the financial sector and curb corruption. The Executive Council has approved in July 2016 amounting to approximately $ 5.34 billion US dollars agreement on the date of approval. The statement said that Iraq 's economic reform program supported by the Stand -By agreement aims to address the urgent needs of the balance of payments and access spending to a level commensurate with the decline in global oil prices and to ensure the continuity of religion within the limits can afford. The total investment revealed IMF forecast for gross domestic investment for the next year it will amount to25.8 of GDP, it is also expected to decline in the total domestic consumption from 77.1 percent in 2016 to 73.3 percent in the next year. Cash reserves and expected cash reserves report for Iraq to grow by 10.0 percent during 2017 as well as higher trade balance by 7.1 percent from the figure recorded this year. To that , the economic academic Dr Essam Mohamed Hassan need to benefit from this special IMF projections and applied to the ground by activating the productive sectors and conducting economic reforms , including giving Iraq a positive outlook stable raise the degree Ranked sovereign. Hassan said in an interview for the "morning", said the IMF is in fact accurate sergeant on the economies of member states totaling 119 countries, adding that out of the idea behind the establishment of this fund is to prevent the imbalance in the balance of payments of member and give loans to deal with such cases, pointing out that each Member State in the fund and pay their share of the accumulated amounts are lending to states as needed. The balance of payments and continued: The balance of payments on the cash balance that shows what the state of rights and Maalaha of the debts of other countries. If there is more than the rights of its debt by Femizanha witnessing a surplus and if the opposite was the case Femizanha Adza.ohma whole resulting from business dealings with the countries of the world shows the importation and exportation. Between 2003 after the sale of Iraqi oil revenues escalated to high rates, it was up to $ 8 billion a month, but did not exploit a manner that achieves economic feasibility. The government began after the decline in oil revenues , influenced by the global prices of crude to resort to external borrowing from the International Monetary Fund to reduce the shortfall in the budget and austerity measures taken. Hassan warned of Iraq 's continued dependence on external borrowing to treat the budget imbalances, saying it was the next generation 's wealth and should be maintained by increasing the contribution of the productive sectors in the growth of the overall economy of Iraq. http://www.alsabaah.iq/ArticleShow.aspx?ID=127743
    0 replies | 94 view(s)
  • harry's Avatar
    12-07-2016, 01:04 PM
    good morning to all ds i pray that everyone will have a blessed day today, jade prayer be with you thursday when you go to the hospital that good result will come from its, i went deer hunting this morning instead of afternoon hunt like i been doing because a front is coming in i thought they would be moving and i was right got a doe at 7:05 all ready clean and taken to deer prospect to have its fix
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  • cleopatra's Avatar
    12-07-2016, 05:22 AM
    Good Wednesday morning all ds'ers. Well, it is a bit chilly here but no snow yet. Coffee was good ksdunlap!! I am actually having some right now. Come on over and join me ds. Hope everyone has a wonderful day!!:)
    898 replies | 42915 view(s)
  • ksdunlap's Avatar
    12-07-2016, 02:35 AM
    Happy Hump Day DS. Coffee sure was good yesterday, it's always better with family & friends. Sis sounds like you might just get that white Christmas. The weatherman said west of us may get a few flurries Thursday morning. I'm gonna head back to bed again & hopefully be able to go to sleep this time. Prayers & blessings to everyone. Come on RV.
    898 replies | 42915 view(s)
  • HotRod's Avatar
    12-06-2016, 10:48 PM
    It looks like the Banking sector is continuing to move forward in their efforts to get on par with the rest of the world. This sounds good to me. Thanks harry
    1 replies | 155 view(s)
  • HotRod's Avatar
    12-06-2016, 10:30 PM
    Just a couple of weeks ago Shell threatens to sell of their holdings in Iraq. Now Exxon is packing their bags. Makes one wonder if maybe the grass isn't quite as green as everyone thought. Or... maybe Big Oil is getting tired of Iraq dragging their feet and putting a little pressure on Iraq to get their house in order. I guess we'll soon find out. Thanks harry
    1 replies | 135 view(s)
  • HotRod's Avatar
    12-06-2016, 09:55 PM
    Sounds like the intent of the loan was planned with good intentions, but Iraq seems to be falling short on holding up their end of the agreement. Nothing new here. I'm just hoping we'll see some change coming soon. Thanks harry
    2 replies | 150 view(s)
  • Jade's Avatar
    12-06-2016, 01:50 PM
    .... and a grand winter's Tuesday morning to All ... if you've never driven to the store for bread and then sat there and decided it was too cold to get out of the car, then you haven't had a day like mine ... yes, I did! On my way, KSD, cookies and pecan pie are my 'favorite-est' things in the world! Have a date with the hospital on Thursday that I'm not excited about - only cookies excite me these days, well cookies and RVs and dinar. ;) More good thoughts for your grandson, Harry ... May the reason for this season bless each and every one of us abundantly ...
    898 replies | 42915 view(s)
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