Wealthwatch Evening News Discussion 7-21-15 Part 1 of 2
Tootsie: "Brix" set to open an international development bank based in China 07/21/2015 17:05 It opened the "BRICS" group, Tuesday, in Shanghai, China Development Bank, a new international mission financing of infrastructure projects in developing countries and countries group.
He said Chinese Finance Minister Lu Ji Wei, during the inauguration of the bank ceremony, which was also attended boss Kondabor Vaman Kamatkha and the Mayor of Shanghai Yang Xiong,
"The new development bank for the countries," Brix "existing international financial system will complete a proper manner and will leave a positive impact on the global economy."
Indian Bank President Kondabor Vaman Kamatkha his part, said, "The Bank Group aims to improve and update the system in our own way and not challenge the existing system."
~~~
Tootsie: "Brix" set to open an international development bank based in China 07/21/2015 17:05 It opened the "BRICS" group, Tuesday, in Shanghai, China Development Bank, a new international mission financing of infrastructure projects in developing countries and countries group.
He said Chinese Finance Minister Lu Ji Wei, during the inauguration of the bank ceremony, which was also attended boss Kondabor Vaman Kamatkha and the Mayor of Shanghai Yang Xiong,
"The new development bank for the countries," Brix "existing international financial system will complete a proper manner and will leave a positive impact on the global economy."
Indian Bank President Kondabor Vaman Kamatkha his part, said, "The Bank Group aims to improve and update the system in our own way and not challenge the existing system."
~~~
He Kamatkha, said that "we must work to achieve greater convergence between the countries," Brix "five".
And it launched the "Bric" countries of the new development bank in the summit of the "Brix" seventh chaired by Russia, which was held in the Russian city of Ufa during the period from July 8 to 10, and is the new Development Bank main task in the financing of infrastructure projects in the organization and developing countries.
The Bank's capital of US $ 100 billion and paid-up capital will be $ 10 billion evenly distributed to members of the group with the possibility to increase it by $ 40 billion if the need arises.
It is planned that the first bank to provide loans in the month of April 2016, the bank will also consider the possibility of participating in projects Crimea peninsula and other Russian regions, in Fortaleza, Brazil.
The countries, "Brix" group had signed during the sixth summit held in Fortaleza Brazil in the month of July 2014, to establish a "new development bank" agreement, and was originally scheduled to Bank holds Development Bank states,
"Brix" name, but participating countries decided in later abandoned that name so that other countries participating in the capital. http://wealthwa
Tootsie: wealthwatch.world/showthr...
Tootsie: GM http://ift.tt/1LBOHGc
Tootsie: 2015-07-21 07:45:09] chattels: there is a spirit of tolerance and compassionate diversity amoungst us i think - Yes, I always preached (another place) that one must be mindful and thoughtful of what they post.
There is no knowledge of anyone present - sex, religion, nationality, political view, age,, financial status and so on. It is critical to be mindful of what one puts out ~ makes or breaks a site .
Tootsie: Sadly, some other sites do NOT seem to care
Tootsie: Actually, I think they may take advantage of the lack of {for better word, self-discipline} to unleash venom they may not do in person. sniff sniff
Tootsie: k, off to water - already 87 outside
chattels: The US handed over four F-16 jets to Balad Airbase in Salahadin province in an official ceremony on Monday. In his speech at the event, Iraqi Prime Minister Haider al-Abadi described the delivery of the jets as a sign of international trust in the fighting forces of Iraq. "
We need international support to Iraq to continue. The delivery of these jets by the US shows the international trust in the Iraqi air force and army, that they are achieving victory in the fight against terrorism.
Without trust, these modern jets would not have been delivered to Iraq," Abadi said. US Ambassador Stuart Jones did not hide his concern regarding the use of these jets in any potential Iraqi civil war. He said that Iraq would be subjected to international sanctions if it violated the international agreements that involved the delivery and usage of these jets.
chattels: http://ift.tt/1Ny5Ort...
http://ift.tt/1IgsIDX
chattels: Balad Air Base is just west of Diyala Province where the recent attack killed 100 + people
chattels: IN June of this year Balad was surrounded by DAESH
Donnie: Brics countries launch new development bank in Shanghai 21 July 2015
Donnie: The Brics group of emerging economies on Tuesday launched its New Development Bank (NDB) in Shanghai. The bank is backed by Brazil, Russia, India, China and South Africa - collectively known as Brics countries.
The NDB will lend money to developing countries to help finance infrastructure projects. The bank is seen as an alternative to the World Bank and the International Monetary Fund, although the group says it is not a rival.
"Our objective is not to challenge the existing system as it is but to improve and complement the system in our own way," NDB President Kundapur Vaman Kamath said. The Brics nations have criticised the World Bank and the IMF for not giving developing nations enough voting rights.
The banks is expected to issue its first loans early next year. China biggest contributor The opening comes two weeks after the last Brics summit in the Russian city Ufa, where the final details were discussed.
At the time, Russian Foreign Minister Sergei Lavrov said that the five countries "illustrate a new polycentric system of international relations". The bank is to start out with a capital of $50bn (£32bn) though the amount is to be doubled in the coming years.
The biggest contributor will be the world's second largest economy China, which also led the establishment of another new international bank, the Beijing-based Asian Infrastructure Development Bank.
The NDB is to be headed by a rotating leadership with the first president, Mr Kamath, coming from India. It was first proposed in 2012 but protracted negotiations over headquarters, management and funding have long delayed the actual launch.
Donnie: http://ift.tt/1OubFza
http://ift.tt/1OubFza
OOTW: VERY INTERESTING ARTICLES DONNIE AND TOOTSIE..TYVM...FOOD FOR THOUGHT
Donnie: BRICS is coming to a country near you. :)
OOTW: DONNIE LOL
OOTW: AND THE AIIB
Donnie: MasterCard cards in order to distract the Municipality of Baghdad salaries 119 Show July 21, 2015 12:50
Donnie: (Independent) .. Baghdad Secretariat began issuing cards (Ki-Card) for the purpose of adopting smart ATM systems for the salaries and entitlements of staff of the highest degrees of flexibility and cruise.
According to the Directorate of Relations and Media "Baghdad Secretariat in coordination with the company (Ki Card) began issuing smart cards for the disbursement of the salaries and entitlements of all staff departments and formations high flexibility of the various points and ATM centers scattered across Iraq."
Donnie: And it indicated that it "can make a smart card holders to withdraw salaries and purchase without the need for a connection in areas where communication is not available can also be used in the smart card and identification to vote."
She said "all the transactions that take place through the smart card system can be made by ATM or POS instead of the central system (as is the case with banks and traditional systems of payment), as well as that all relevant necessary to implement the financial transaction information found in the memory smart cards ".
She pointed out that "the adoption of such techniques would implement a fully integrated payment, settlement and transfer payments to the environments of national and regional applications suitable for multiple systems and services, whether they are scattered in rural areas or large cities in Iraq."
Donnie: http://ift.tt/1Dtfdet...
http://ift.tt/1LBJPRr
Donnie: Jul 21 2015 more articles from Zawya Iraq MPs set to approve anti-money laundering law
Donnie: Iraq is stepping up efforts to curb money laundering and terrorism financing. Iraq's parliament is expected to soon endorse a new law that aims to combat money laundering and terrorism financing, the government's economic adviser said.
Mazhar Mohammad Saleh told TR Zawya that the draft law, which was approved by the cabinet in June, would be more inclusive than a 2004 law that was drawn up by the Coalition Provisional Authority.
He said the new law would cover tax evasion, smuggling of antiquities and cash as well as corruption.
"The new law will draw additional policies, legislations and procedures to chase and trace money and smugglers through a national council," Saleh said. "It will also meet Iraq's financial interest and open the way for the country to conduct economic activities at the international level," he added.
"Between 3-5% of Iraqi GDP has been lost due to smuggling during the past 10 years as a result of money laundering." The Financial Action Task Force (FATF) said in June that Iraq has not made sufficient progress to stem money laundering and terrorism financing.
It said Baghdad needed to adequately criminalise such acts, establish a legal framework for identifying, tracing and freezing terrorist assets, establish effective customer due diligence measures and a financial intelligence unit, introduce suspicious transaction reporting requirements and put in place a supervisory and oversight program for all financial sectors.
"Punishments imposed under the old law were ridiculous, with those convicted of money laundering facing no more than four years in jail," said legal expert Tariq Harb.
The draft law is being introduced at a time when global efforts are being exerted to cut off the funding of militant group Islamic State, which has taken control of large swathes of Iraq and Syria, and whose main sources of revenue include bank looting and extortion, control of oil fields and refineries and cash smuggling.
The Iraqi government and several global financial institutions have taken steps to pre
Donnie: Building confidence Naim Khudair, director general of the Anti-Money Laundering Office at the Central Bank of Iraq, said the government had pledged to pass new legislation for anti-money laundering and terrorism financing by October 2015. "
There are instructions to give special importance to monitoring bank transactions by politicians and their families in addition to monitoring their dealings in real estate and gold," Khudair said. Central Bank Governor Ali Al Allaq said the new law would help reassure foreign investors.
"The new law will facilitate the entry of big companies into Iraq and increase their confidence in the country's economic environment," he said.
The deteriorating security situation, poor governance and inconsistent regulations have kept Iraq at low ratings of global rankings for doing business, according to the World Bank.
Mithaq Al Hamidi, a member of parliament's economy and investment committee, said that while it would prove difficult for Iraq to recover smuggled funds, the new law would have a greater impact in preventing illegal transactions.
MP Najeeba Najeeb, another member of the committee, said that the new draft law was backed by all political parties. But she said that more cooperation between the executive, legislative and judiciary branches were needed to tackle corruption and money laundering.
Donnie: http://ift.tt/1LBOK57...
http://ift.tt/1Dtfdev
Sam: Well our President has finally lowered the flags at half mass at the white house...again late late late
Sam: lol
TxBrand: ‹@Sam› glad they pressured him into it.. :dizzy:
Stash: Should have already been done.
whitelions: OK back from Vacation and I can't believe yall didn't rv without me I told you to go ahead lol
Stash: they said you didn't need the money
chattels: ERBIL, Kurdistan Region — At least 200 ISIS militants launched a large-scale midnight assault on the Peshmerga frontlines on the Bashik front between Erbil and Mosul, a Peshmerga official at the scene told Rudaw Tuesday morning.
“An estimated 200 militants attacked the Peshmerga frontlines on the Bashik front. Clashes stretched across different areas on the font and lasted till dawn,” Captain Aziz Ahmed, a Peshmerga commander, said. “Three ISIS militants were killed, and the Peshmerga did not suffer casualties.”
“ISIS leaders were putting pressure on the militants to advance into the Peshmerga stockades, but their militants were saying on the phone ‘we cannot advance, because they [Peshmerga] will not allow us and their frontlines are well fortified,” Ahmed claimed.
He added this intel came after a wireless device from one of the dead militants was left behind. “ISIS prepared a vehicle bomb equipped with bombs and ammunition to target the Peshmerga, but they failed to do so,” he continued.
chattels: http://ift.tt/1dh0hsK...
chattels: three casualties in such a target rich environment seems strange to me
Donnie: exactly what i was going to type
Donnie: 3 out of 200 - was it to dark to see anyone to shoot at? :)
quicktolegit96: DONNIE NO IT WASNT, SHUP
And it launched the "Bric" countries of the new development bank in the summit of the "Brix" seventh chaired by Russia, which was held in the Russian city of Ufa during the period from July 8 to 10, and is the new Development Bank main task in the financing of infrastructure projects in the organization and developing countries.
The Bank's capital of US $ 100 billion and paid-up capital will be $ 10 billion evenly distributed to members of the group with the possibility to increase it by $ 40 billion if the need arises.
It is planned that the first bank to provide loans in the month of April 2016, the bank will also consider the possibility of participating in projects Crimea peninsula and other Russian regions, in Fortaleza, Brazil.
The countries, "Brix" group had signed during the sixth summit held in Fortaleza Brazil in the month of July 2014, to establish a "new development bank" agreement, and was originally scheduled to Bank holds Development Bank states,
"Brix" name, but participating countries decided in later abandoned that name so that other countries participating in the capital. http://wealthwa
Tootsie: wealthwatch.world/showthr...
Tootsie: GM http://ift.tt/1LBOHGc
Tootsie: 2015-07-21 07:45:09] chattels: there is a spirit of tolerance and compassionate diversity amoungst us i think - Yes, I always preached (another place) that one must be mindful and thoughtful of what they post.
There is no knowledge of anyone present - sex, religion, nationality, political view, age,, financial status and so on. It is critical to be mindful of what one puts out ~ makes or breaks a site .
Tootsie: Sadly, some other sites do NOT seem to care
Tootsie: Actually, I think they may take advantage of the lack of {for better word, self-discipline} to unleash venom they may not do in person. sniff sniff
Tootsie: k, off to water - already 87 outside
chattels: The US handed over four F-16 jets to Balad Airbase in Salahadin province in an official ceremony on Monday. In his speech at the event, Iraqi Prime Minister Haider al-Abadi described the delivery of the jets as a sign of international trust in the fighting forces of Iraq. "
We need international support to Iraq to continue. The delivery of these jets by the US shows the international trust in the Iraqi air force and army, that they are achieving victory in the fight against terrorism.
Without trust, these modern jets would not have been delivered to Iraq," Abadi said. US Ambassador Stuart Jones did not hide his concern regarding the use of these jets in any potential Iraqi civil war. He said that Iraq would be subjected to international sanctions if it violated the international agreements that involved the delivery and usage of these jets.
chattels: http://ift.tt/1Ny5Ort...
http://ift.tt/1IgsIDX
chattels: Balad Air Base is just west of Diyala Province where the recent attack killed 100 + people
chattels: IN June of this year Balad was surrounded by DAESH
Donnie: Brics countries launch new development bank in Shanghai 21 July 2015
Donnie: The Brics group of emerging economies on Tuesday launched its New Development Bank (NDB) in Shanghai. The bank is backed by Brazil, Russia, India, China and South Africa - collectively known as Brics countries.
The NDB will lend money to developing countries to help finance infrastructure projects. The bank is seen as an alternative to the World Bank and the International Monetary Fund, although the group says it is not a rival.
"Our objective is not to challenge the existing system as it is but to improve and complement the system in our own way," NDB President Kundapur Vaman Kamath said. The Brics nations have criticised the World Bank and the IMF for not giving developing nations enough voting rights.
The banks is expected to issue its first loans early next year. China biggest contributor The opening comes two weeks after the last Brics summit in the Russian city Ufa, where the final details were discussed.
At the time, Russian Foreign Minister Sergei Lavrov said that the five countries "illustrate a new polycentric system of international relations". The bank is to start out with a capital of $50bn (£32bn) though the amount is to be doubled in the coming years.
The biggest contributor will be the world's second largest economy China, which also led the establishment of another new international bank, the Beijing-based Asian Infrastructure Development Bank.
The NDB is to be headed by a rotating leadership with the first president, Mr Kamath, coming from India. It was first proposed in 2012 but protracted negotiations over headquarters, management and funding have long delayed the actual launch.
Donnie: http://ift.tt/1OubFza
http://ift.tt/1OubFza
OOTW: VERY INTERESTING ARTICLES DONNIE AND TOOTSIE..TYVM...FOOD FOR THOUGHT
Donnie: BRICS is coming to a country near you. :)
OOTW: DONNIE LOL
OOTW: AND THE AIIB
Donnie: MasterCard cards in order to distract the Municipality of Baghdad salaries 119 Show July 21, 2015 12:50
Donnie: (Independent) .. Baghdad Secretariat began issuing cards (Ki-Card) for the purpose of adopting smart ATM systems for the salaries and entitlements of staff of the highest degrees of flexibility and cruise.
According to the Directorate of Relations and Media "Baghdad Secretariat in coordination with the company (Ki Card) began issuing smart cards for the disbursement of the salaries and entitlements of all staff departments and formations high flexibility of the various points and ATM centers scattered across Iraq."
Donnie: And it indicated that it "can make a smart card holders to withdraw salaries and purchase without the need for a connection in areas where communication is not available can also be used in the smart card and identification to vote."
She said "all the transactions that take place through the smart card system can be made by ATM or POS instead of the central system (as is the case with banks and traditional systems of payment), as well as that all relevant necessary to implement the financial transaction information found in the memory smart cards ".
She pointed out that "the adoption of such techniques would implement a fully integrated payment, settlement and transfer payments to the environments of national and regional applications suitable for multiple systems and services, whether they are scattered in rural areas or large cities in Iraq."
Donnie: http://ift.tt/1Dtfdet...
http://ift.tt/1LBJPRr
Donnie: Jul 21 2015 more articles from Zawya Iraq MPs set to approve anti-money laundering law
Donnie: Iraq is stepping up efforts to curb money laundering and terrorism financing. Iraq's parliament is expected to soon endorse a new law that aims to combat money laundering and terrorism financing, the government's economic adviser said.
Mazhar Mohammad Saleh told TR Zawya that the draft law, which was approved by the cabinet in June, would be more inclusive than a 2004 law that was drawn up by the Coalition Provisional Authority.
He said the new law would cover tax evasion, smuggling of antiquities and cash as well as corruption.
"The new law will draw additional policies, legislations and procedures to chase and trace money and smugglers through a national council," Saleh said. "It will also meet Iraq's financial interest and open the way for the country to conduct economic activities at the international level," he added.
"Between 3-5% of Iraqi GDP has been lost due to smuggling during the past 10 years as a result of money laundering." The Financial Action Task Force (FATF) said in June that Iraq has not made sufficient progress to stem money laundering and terrorism financing.
It said Baghdad needed to adequately criminalise such acts, establish a legal framework for identifying, tracing and freezing terrorist assets, establish effective customer due diligence measures and a financial intelligence unit, introduce suspicious transaction reporting requirements and put in place a supervisory and oversight program for all financial sectors.
"Punishments imposed under the old law were ridiculous, with those convicted of money laundering facing no more than four years in jail," said legal expert Tariq Harb.
The draft law is being introduced at a time when global efforts are being exerted to cut off the funding of militant group Islamic State, which has taken control of large swathes of Iraq and Syria, and whose main sources of revenue include bank looting and extortion, control of oil fields and refineries and cash smuggling.
The Iraqi government and several global financial institutions have taken steps to pre
Donnie: Building confidence Naim Khudair, director general of the Anti-Money Laundering Office at the Central Bank of Iraq, said the government had pledged to pass new legislation for anti-money laundering and terrorism financing by October 2015. "
There are instructions to give special importance to monitoring bank transactions by politicians and their families in addition to monitoring their dealings in real estate and gold," Khudair said. Central Bank Governor Ali Al Allaq said the new law would help reassure foreign investors.
"The new law will facilitate the entry of big companies into Iraq and increase their confidence in the country's economic environment," he said.
The deteriorating security situation, poor governance and inconsistent regulations have kept Iraq at low ratings of global rankings for doing business, according to the World Bank.
Mithaq Al Hamidi, a member of parliament's economy and investment committee, said that while it would prove difficult for Iraq to recover smuggled funds, the new law would have a greater impact in preventing illegal transactions.
MP Najeeba Najeeb, another member of the committee, said that the new draft law was backed by all political parties. But she said that more cooperation between the executive, legislative and judiciary branches were needed to tackle corruption and money laundering.
Donnie: http://ift.tt/1LBOK57...
http://ift.tt/1Dtfdev
Sam: Well our President has finally lowered the flags at half mass at the white house...again late late late
Sam: lol
TxBrand: ‹@Sam› glad they pressured him into it.. :dizzy:
Stash: Should have already been done.
whitelions: OK back from Vacation and I can't believe yall didn't rv without me I told you to go ahead lol
Stash: they said you didn't need the money
chattels: ERBIL, Kurdistan Region — At least 200 ISIS militants launched a large-scale midnight assault on the Peshmerga frontlines on the Bashik front between Erbil and Mosul, a Peshmerga official at the scene told Rudaw Tuesday morning.
“An estimated 200 militants attacked the Peshmerga frontlines on the Bashik front. Clashes stretched across different areas on the font and lasted till dawn,” Captain Aziz Ahmed, a Peshmerga commander, said. “Three ISIS militants were killed, and the Peshmerga did not suffer casualties.”
“ISIS leaders were putting pressure on the militants to advance into the Peshmerga stockades, but their militants were saying on the phone ‘we cannot advance, because they [Peshmerga] will not allow us and their frontlines are well fortified,” Ahmed claimed.
He added this intel came after a wireless device from one of the dead militants was left behind. “ISIS prepared a vehicle bomb equipped with bombs and ammunition to target the Peshmerga, but they failed to do so,” he continued.
chattels: http://ift.tt/1dh0hsK...
chattels: three casualties in such a target rich environment seems strange to me
Donnie: exactly what i was going to type
Donnie: 3 out of 200 - was it to dark to see anyone to shoot at? :)
quicktolegit96: DONNIE NO IT WASNT, SHUP
chattels: PITTSBURGH, Pennsylvania — President Barack Obama denounced "chest-beating" critics and told a veterans group Tuesday that those who oppose the diplomatic agreement to rein in Iran's nuclear program are some of the same people who were quick to want to go to war in Iraq and thought military action there would take only a matter of months
Donnie: you weren't there so SHUP
chattels: Read more at http://ift.tt/1Ny5Ort...
Donnie: ‹@chattels› TY sir
Donnie: Chinese firms bag 1401 contracts worth $37.6bn along Silk Road in H1 2015 July 21, 2015, 10:31 am
[02:54:45 PM] Donnie: Chinese companies have signed 1,401 project contracts worth $37.6 billion in countries along its Silk Road initiative in the first half of this year, nearly half of combined overseas contract value, according to official data released on Tuesday. The contracts were worth $37.6 billion, up 16.7 per cent year on year, and accounting for 43.3 per cent of contracts in the period, Shen Danyang, the Ministry of Commerce (MOC) spokesman, said.
Chinese companies signed overseas project contracts worth $86.7 billion in the first six months, representing an increase of 6.9 per cent year on year, he said. In March this year, China’s President Xi Jinping said he hoped its annual trade with the countries involved in Beijing’s plan to create a modern Silk Road would surpass $2.5 trillion in a decade.
Under the so-called “One Belt, One Road” initiative, China aims to create a modern Silk Road Economic Belt and a 21st Century Maritime Silk Road to boost trade and extend its global influence. Hungary last month signed an agreement with China officially joining Beijing’s ambitious Silk Road network.
Hungary becomes the first European country to join China’s “One Belt, One Road” project. The Silk Road could be the second China-led project in recent months to attract a flurry of EU participation. Russia has already promised to link its new Eurasia Economic Union with China’s Belt and Road.
[02:55:00 PM] Donnie: read more here http://ift.tt/1Dtfb6l
http://ift.tt/1LBOK59
Donnie: After the nuclear deal .. forecast a financial crisis and a severe delay staff salaries 07/21/2015
Donnie: BAGHDAD / JD / .. after Iran reached a nuclear deal with the six countries the UN Security Council, has decided to lift the sanctions imposed on Tehran, particularly economic sanctions, prompting Tehran to increase its oil production, which form a major figure in the oil supply in the world markets, which led to the drop in oil prices after the rose gradually during the last period.
The record of Brent crude to $ 55 a barrel during the past few days, which means that Iraq's oil is currently sold below $ 50 a barrel fact that the Iraqi oil sold for less than US oil, increased by $ 8 as a result of the quality of the oil. Under
This sharp decline of global oil prices, the federal budget for Iraq will suffer from large fiscal deficit leads to a severe financial crisis in the country in the coming months, making the federal government the cash-strapped difficult through which employees pay the salaries on time, according to experts and specialists in the financial and economic affairs . , says economist just peace,
that the market share of Iraqi oil will drop after the lifting of economic sanctions on Iran, especially that the two countries depend on the Asian market in the export of oil, adding that Iraqi oil would drop the price about $ ten or more in order to sell the Asian market easily.
said just told / JD /: that the big interests between Iran and China will reduce demand for Iraqi oil, and therefore will be forced Iraq to ease the selling price, pointing out that Iraq now suffers from a lack of his arrival to the desired production as identified in the budget to 3.3 million barrels exported daily during the current year , while not up to export to three million.
Donnie: read the rest here: http://ift.tt/1eRkpTr...
http://ift.tt/1fjOWtg
Comments may be made at the end of Part 2 Thank You
Donnie: you weren't there so SHUP
chattels: Read more at http://ift.tt/1Ny5Ort...
Donnie: ‹@chattels› TY sir
Donnie: Chinese firms bag 1401 contracts worth $37.6bn along Silk Road in H1 2015 July 21, 2015, 10:31 am
[02:54:45 PM] Donnie: Chinese companies have signed 1,401 project contracts worth $37.6 billion in countries along its Silk Road initiative in the first half of this year, nearly half of combined overseas contract value, according to official data released on Tuesday. The contracts were worth $37.6 billion, up 16.7 per cent year on year, and accounting for 43.3 per cent of contracts in the period, Shen Danyang, the Ministry of Commerce (MOC) spokesman, said.
Chinese companies signed overseas project contracts worth $86.7 billion in the first six months, representing an increase of 6.9 per cent year on year, he said. In March this year, China’s President Xi Jinping said he hoped its annual trade with the countries involved in Beijing’s plan to create a modern Silk Road would surpass $2.5 trillion in a decade.
Under the so-called “One Belt, One Road” initiative, China aims to create a modern Silk Road Economic Belt and a 21st Century Maritime Silk Road to boost trade and extend its global influence. Hungary last month signed an agreement with China officially joining Beijing’s ambitious Silk Road network.
Hungary becomes the first European country to join China’s “One Belt, One Road” project. The Silk Road could be the second China-led project in recent months to attract a flurry of EU participation. Russia has already promised to link its new Eurasia Economic Union with China’s Belt and Road.
[02:55:00 PM] Donnie: read more here http://ift.tt/1Dtfb6l
http://ift.tt/1LBOK59
Donnie: After the nuclear deal .. forecast a financial crisis and a severe delay staff salaries 07/21/2015
Donnie: BAGHDAD / JD / .. after Iran reached a nuclear deal with the six countries the UN Security Council, has decided to lift the sanctions imposed on Tehran, particularly economic sanctions, prompting Tehran to increase its oil production, which form a major figure in the oil supply in the world markets, which led to the drop in oil prices after the rose gradually during the last period.
The record of Brent crude to $ 55 a barrel during the past few days, which means that Iraq's oil is currently sold below $ 50 a barrel fact that the Iraqi oil sold for less than US oil, increased by $ 8 as a result of the quality of the oil. Under
This sharp decline of global oil prices, the federal budget for Iraq will suffer from large fiscal deficit leads to a severe financial crisis in the country in the coming months, making the federal government the cash-strapped difficult through which employees pay the salaries on time, according to experts and specialists in the financial and economic affairs . , says economist just peace,
that the market share of Iraqi oil will drop after the lifting of economic sanctions on Iran, especially that the two countries depend on the Asian market in the export of oil, adding that Iraqi oil would drop the price about $ ten or more in order to sell the Asian market easily.
said just told / JD /: that the big interests between Iran and China will reduce demand for Iraqi oil, and therefore will be forced Iraq to ease the selling price, pointing out that Iraq now suffers from a lack of his arrival to the desired production as identified in the budget to 3.3 million barrels exported daily during the current year , while not up to export to three million.
Donnie: read the rest here: http://ift.tt/1eRkpTr...
http://ift.tt/1fjOWtg
Comments may be made at the end of Part 2 Thank You
via Dinar Recaps - Our Blog http://ift.tt/1Dtfb6n
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