Millionday News 8/7/15
Welcome to dinarupdates.com for News Time with Millionday!!
Millionday: NOTE -- ROUND TABLE COVERED THIS -- I AM GOING TO BRING BGG`S TAKE ON THIS
Millionday: Fitch gives Iraq its first credit rating
The ratings agency has given the country a stable outlook and a B- rating, six notches into junk
~~~.
Welcome to dinarupdates.com for News Time with Millionday!!
Millionday: NOTE -- ROUND TABLE COVERED THIS -- I AM GOING TO BRING BGG`S TAKE ON THIS
Millionday: Fitch gives Iraq its first credit rating
The ratings agency has given the country a stable outlook and a B- rating, six notches into junk
~~~.
The country is planning a $5bn bond issue towards the end of this year.
Fitch is cautious. Very cautious. It says:
Millionday: Political risk and insecurity are among the highest faced by any sovereign rated by Fitch. Sectarian conflict has raged with varying intensity since 2003, ISIS militants currently effectively hold three of the 18 provinces, relations with the Kurdish regional government are volatile and governance indicators are exceptionally weak.
Millionday: NOTE -- OBVIOUSLY THE RISK OF TERRORISTS AND ALL CONFLICT IS AN ISSUE
Millionday: Iraq’s fiscal position has deteriorated rapidly since 2013 and Fitch forecasts a double-digit fiscal deficit for 2015, owing to lower oil prices, higher military spending and costs associated with civil conflict.
Savings buffers built during previous years of high oil prices have been largely eroded and the deficit will be financed by debt, likely including a eurobond and funding through an IMF rapid financing instrument that was approved in July.
Millionday: NOTE -- WE HAVE READ ALL ABOUT THE FUNDS COMING FROM IMF
Millionday: And if that wasn’t enough…
Iraq scores the worst of all Fitch-rated sovereigns on the composite World Bank governance indicator, reflecting not only insecurity and political instability but also corruption, government ineffectiveness and weak institutions.
Doing Business indicators are below the peer median, although there is outperformance in some areas. GDP per capita, at USD5,300, is almost 50% greater than the peer median, but the Human Development Index is in line
Millionday: NOTE -- LET ME SAY THIS IS GREAT NEWS
Millionday: NOTE -- THE REASON WHY --- WE HAVE NO CREDIT RATING OR NOW A CREDIT RATING -- PROGRESS
Millionday: Iraq, of course, has oil. Lots of it. Indeed, the country has a “commodity dependence among the highest of all rated sovereigns”, Fitch says.
The ratings agency is assuming here that the price of Brent holds at an average of $65 a barrel this year, $75 next year, and $80 in 2017. “Iraqi oil production is conservatively forecast to increase to an average of 4.2m b/d in 2017,” it says.
Millionday: SO AS WE SEE -- THE EXPECTATIONS ARE HIGHER OIL PRICES -- A HUGE PLUS FOR IRAQ
Millionday: Abdul-Hussein Mundhiri noted that economic ties to Iraq has been for several decades centered on one side is the import and export, and there is no in economic behavior of the country's state of partnership with the countries of the world, especially the neighboring countries that are supposed to hold with broad partnerships in a variety of projects such as energy, agriculture, industry and trade and others.
Millionday: NOTE -- FOR YEARS THERE HAS BEEN NO TRADE -- WOW I AM SHOCKED LOL
Millionday: The concept of partnership is a confluence of interests between more than one party to create an economic project for the production of goods or services in pursuit of self-sufficiency first and then export the surplus and get the profits that support the financial centers of the partners.
Millionday: NOTE -- IN OTHER WORDS USE WHAT YOU NEED AND SELL THE REST -- OLD CONCEPT BUT THAT IS TRADE BUT ON A LARGE SCALE -- GLOBALLY
Millionday: On the other hand, all industrialized countries have a partnership strategy with the countries of major companies have girl Strong economies. It is on this principle that the benefits of partnership partners give the best of their potential and competencies and expertise and techniques to ensure the success of joint ventures, for this we find that the production costs go down constantly because the fixed costs go down with every increase in production..
Millionday: NOTE -- THEY ARE TALKING ABOUT THE ACHIEVEMENT OF TRADE AGREEMENTS GLOBALLY – ‘
A MARKET ECONOMY -- OBVIOUSLY THE REASON FOR THE GOAL OF THE WTO AND ALL IT BRINGS ---- KNOW THAT PARTNERSHIPS PRODUCE GAIN
Millionday: One of the benefits of partnership providing marketing a wider field of production because the number of beneficiaries markets of these products will be bigger and more and here will be realized the feasibility of the partnership to increase profits.
But the partnership in productive projects from the energy that is Alcbrlve challenge offers require under Iraq suffers from a loss a few years ago with it the major producers in the world for oil and gas, sulfur and other sources of energy.
Millionday: NOTE -- MANY COUNTRIES WANT TO BE THE FIRST IN ENERGY INNOVATION -- SO IRAQ IS NO DIFFERENT --
OBVIOUSLY THEY NEED ALL MARKETS LAUNCHED -- THE PEOPLE AND THIER DEMANDS ARE BEING SHOWN ACROSS THE WORLD
Fitch is cautious. Very cautious. It says:
Millionday: Political risk and insecurity are among the highest faced by any sovereign rated by Fitch. Sectarian conflict has raged with varying intensity since 2003, ISIS militants currently effectively hold three of the 18 provinces, relations with the Kurdish regional government are volatile and governance indicators are exceptionally weak.
Millionday: NOTE -- OBVIOUSLY THE RISK OF TERRORISTS AND ALL CONFLICT IS AN ISSUE
Millionday: Iraq’s fiscal position has deteriorated rapidly since 2013 and Fitch forecasts a double-digit fiscal deficit for 2015, owing to lower oil prices, higher military spending and costs associated with civil conflict.
Savings buffers built during previous years of high oil prices have been largely eroded and the deficit will be financed by debt, likely including a eurobond and funding through an IMF rapid financing instrument that was approved in July.
Millionday: NOTE -- WE HAVE READ ALL ABOUT THE FUNDS COMING FROM IMF
Millionday: And if that wasn’t enough…
Iraq scores the worst of all Fitch-rated sovereigns on the composite World Bank governance indicator, reflecting not only insecurity and political instability but also corruption, government ineffectiveness and weak institutions.
Doing Business indicators are below the peer median, although there is outperformance in some areas. GDP per capita, at USD5,300, is almost 50% greater than the peer median, but the Human Development Index is in line
Millionday: NOTE -- LET ME SAY THIS IS GREAT NEWS
Millionday: NOTE -- THE REASON WHY --- WE HAVE NO CREDIT RATING OR NOW A CREDIT RATING -- PROGRESS
Millionday: Iraq, of course, has oil. Lots of it. Indeed, the country has a “commodity dependence among the highest of all rated sovereigns”, Fitch says.
The ratings agency is assuming here that the price of Brent holds at an average of $65 a barrel this year, $75 next year, and $80 in 2017. “Iraqi oil production is conservatively forecast to increase to an average of 4.2m b/d in 2017,” it says.
Millionday: SO AS WE SEE -- THE EXPECTATIONS ARE HIGHER OIL PRICES -- A HUGE PLUS FOR IRAQ
Millionday: Abdul-Hussein Mundhiri noted that economic ties to Iraq has been for several decades centered on one side is the import and export, and there is no in economic behavior of the country's state of partnership with the countries of the world, especially the neighboring countries that are supposed to hold with broad partnerships in a variety of projects such as energy, agriculture, industry and trade and others.
Millionday: NOTE -- FOR YEARS THERE HAS BEEN NO TRADE -- WOW I AM SHOCKED LOL
Millionday: The concept of partnership is a confluence of interests between more than one party to create an economic project for the production of goods or services in pursuit of self-sufficiency first and then export the surplus and get the profits that support the financial centers of the partners.
Millionday: NOTE -- IN OTHER WORDS USE WHAT YOU NEED AND SELL THE REST -- OLD CONCEPT BUT THAT IS TRADE BUT ON A LARGE SCALE -- GLOBALLY
Millionday: On the other hand, all industrialized countries have a partnership strategy with the countries of major companies have girl Strong economies. It is on this principle that the benefits of partnership partners give the best of their potential and competencies and expertise and techniques to ensure the success of joint ventures, for this we find that the production costs go down constantly because the fixed costs go down with every increase in production..
Millionday: NOTE -- THEY ARE TALKING ABOUT THE ACHIEVEMENT OF TRADE AGREEMENTS GLOBALLY – ‘
A MARKET ECONOMY -- OBVIOUSLY THE REASON FOR THE GOAL OF THE WTO AND ALL IT BRINGS ---- KNOW THAT PARTNERSHIPS PRODUCE GAIN
Millionday: One of the benefits of partnership providing marketing a wider field of production because the number of beneficiaries markets of these products will be bigger and more and here will be realized the feasibility of the partnership to increase profits.
But the partnership in productive projects from the energy that is Alcbrlve challenge offers require under Iraq suffers from a loss a few years ago with it the major producers in the world for oil and gas, sulfur and other sources of energy.
Millionday: NOTE -- MANY COUNTRIES WANT TO BE THE FIRST IN ENERGY INNOVATION -- SO IRAQ IS NO DIFFERENT --
OBVIOUSLY THEY NEED ALL MARKETS LAUNCHED -- THE PEOPLE AND THIER DEMANDS ARE BEING SHOWN ACROSS THE WORLD
Millionday: As the country suffers from a decline in the performance of agriculture, industry and trade sectors, this deterioration in those sectors caused by a lack of departments, which took responsibility on according to the quota system in the distribution of top positions in the state experience,
what helped flooding the market shoddy products imported which drains hard currency .olajl revive all economic sectors, each according to their respective fields to be resorting to partnerships option either with States or efficient companies and well-known for its success in order to be recovered bad situation of the Iraqi economy for the better and to stop the successive losses suffered by this sectors.
Millionday: NOTE -- THE LACK OF REFORMS HAVE PLAYED A TOLL ON IRAQ --- ABADI ANNOUNCED HE WAS MOVING FORWARD TODAY -- WE HAVE IT IN ROUND TABLE
Millionday: And start again from where he arrived the others in order to make up for the time and effort required quickly, "the largest and effectively. ‘
The most important required partnerships is the partnership in the energy sector and we have an opportunity and the task of holding them in the oil, gas and electricity with Russia and Iran nearby geographic areas and achieved successes remarkable exceeded self-sufficiency and become of the leading exporters oil and gas in the world and this partnership will result in the formation of a global and competitive market for the sale of oil and gas.
Millionday: SO READ THAT -- THEY HAVE BEEN LISTENING --- THE GOAL IS THE PARTNERSHIP AND THE FORMATION OF WHAT THEY HAVE TO OFFER
MILLIONDAY HAVING PUTER PROBLEMS. TUNE IN TOMORROW NIGHT FOR MORE NEWS
http://ift.tt/1KWa1oR
what helped flooding the market shoddy products imported which drains hard currency .olajl revive all economic sectors, each according to their respective fields to be resorting to partnerships option either with States or efficient companies and well-known for its success in order to be recovered bad situation of the Iraqi economy for the better and to stop the successive losses suffered by this sectors.
Millionday: NOTE -- THE LACK OF REFORMS HAVE PLAYED A TOLL ON IRAQ --- ABADI ANNOUNCED HE WAS MOVING FORWARD TODAY -- WE HAVE IT IN ROUND TABLE
Millionday: And start again from where he arrived the others in order to make up for the time and effort required quickly, "the largest and effectively. ‘
The most important required partnerships is the partnership in the energy sector and we have an opportunity and the task of holding them in the oil, gas and electricity with Russia and Iran nearby geographic areas and achieved successes remarkable exceeded self-sufficiency and become of the leading exporters oil and gas in the world and this partnership will result in the formation of a global and competitive market for the sale of oil and gas.
Millionday: SO READ THAT -- THEY HAVE BEEN LISTENING --- THE GOAL IS THE PARTNERSHIP AND THE FORMATION OF WHAT THEY HAVE TO OFFER
MILLIONDAY HAVING PUTER PROBLEMS. TUNE IN TOMORROW NIGHT FOR MORE NEWS
http://ift.tt/1KWa1oR
via Dinar Recaps - Our Blog http://ift.tt/1J2x9Eo
No comments:
Post a Comment