DINAR UPDATES 5-6-16
Post From Dinar Updates
Chat Room Excerpts & Highlights
Dinar Updates Saturday AM Chat 5-7-16 Part 2 of 3
larrykn says():Ghraoui accuse al-Maliki to drop four Iraqi provinces are demanding the "imprisoned"
The number of visits: 479 Published on: Today, 14:40 Free Event / S.o ..
MP for the Liberal bloc Majid al-Gharawi, Saturday, that the cause of dropping the four provinces, however, the organization "Daash" terrorist, referring to Nouri al-Maliki should be outside the political process and "behind bars."
Gharrawi said in a press statement, "The cause of dropping the four provinces, however Daash terrorist and brought the country to what it is now because of the wrong Ssayasth, it must be outside the political process."
He Ghraoui, "you should have this person (al-Maliki) behind prison bars, in order to pay for what he has done and the work is supported by the burdens of politicians."
~~~
Post From Dinar Updates
Chat Room Excerpts & Highlights
Dinar Updates Saturday AM Chat 5-7-16 Part 2 of 3
larrykn says():Ghraoui accuse al-Maliki to drop four Iraqi provinces are demanding the "imprisoned"
The number of visits: 479 Published on: Today, 14:40 Free Event / S.o ..
MP for the Liberal bloc Majid al-Gharawi, Saturday, that the cause of dropping the four provinces, however, the organization "Daash" terrorist, referring to Nouri al-Maliki should be outside the political process and "behind bars."
Gharrawi said in a press statement, "The cause of dropping the four provinces, however Daash terrorist and brought the country to what it is now because of the wrong Ssayasth, it must be outside the political process."
He Ghraoui, "you should have this person (al-Maliki) behind prison bars, in order to pay for what he has done and the work is supported by the burdens of politicians."
~~~
Pablo says():What do they mean by dropping four provinces?
larrykn says():the Organization of Arab Petroleum Exporting Countries (OAPEC) that the total cost of the projects Arab electricity grid, which has spent the past two decades, amounted to about two billion dollars.
She (OAPEC) in monthly published, what was spent on the project 'Eight electrical connection was about $ 556 million and about $ 196 million for the project Maghreb electrical connection, and about $ 1.1 billion to the Gulf electricity linkage project.
She added that the electric power consumption rates in many of the Arab countries on the rise and the high rates as a result of the process of urbanization and the continuing population growth witnessed by the states.
The organization pointed out that the Arab electricity interconnection projects of the highlights of major achievements in the process of joint Arab action, a project to link eight between Egypt, Iraq, Jordan, Lebanon, Libya, Palestine, Syria and Turkey, and the project Maghreb link between Libya, Tunisia, Algeria and Morocco, and project electrical connection of the Gulf Cooperation Council (GCC).
CeeCee says to DIGIman1():bbl...tim to cattch on sleep....but want to remid all...GREAT CHARLIE ROSE INTRVIEW WITH BRETT MCGURK LAST EVENING --VERY POSITIVE ABOUT ABADI AND WHAT HE IS TRYING TO ACHIEVE...AND MILITARY OPS THERE & SYRIA. cant find link... too soon after it ended i guess. pbs.
clay01 says():Any thoughts on this political stand off
larrykn says to clay01():I think it will get worked out one way or the other. they do have that timeline that tells me if they don't they have too much to lose
larrykn says to clay01():O that timeline is the first half of 2016 :)
larrykn says to bgg():gm sir, great newstime last night ty :)
clay01 says():yes there is that, but my thoughts are that Abadi and Sadr want some time to do something, not sure what, but it seems to me the protestors in parliment was a staged event, for what purpose I do not know
da58 says to larrykn():agreed, and I think it will be sooner, than later.. they aren't just sitting around twiddling thumbs..
larrykn says():one of those articles I brought in talked about the kurds showing backup, thats a good thing
da58 says to clay01():for what purpose? PRESSURE - to put pressure on parliment.... they want to get rid of the corruption in this darn govt - so they can get something done! reforms and laws.
clay01 says():yes, the Kurds have to be on board
larrykn says():remember this is a fight between the bad guys (Maliki) and the good guys ( Adabi) I put my money on Adabi :)
clay01 says():yes pressure but in what direction, a new vote
da58 says():the kurds are on board - to get rid of the corruption, but not with the chaos!
da58 says():they will be back for the votes, just watch..
clay01 says():yes
larrykn says to da58():get rid of the corruption an chaos will go away
clay01 says():they will
da58 says to larrykn():yep!
clay01 says():absolutely
clay01 says():give the people somethig and the chaos goes away
clay01 says():If Marie Antonnette had given the people something to eat, she may have kept her head
larrykn says to clay01():true :D
da58 says to larrykn():we are RIGHT IN THE MIDDLE of the reforms of Iraq.. the govt is in the process of changing.. transparency in banking... the auctions cash cow is going away... the corrupt's names are showing up in media with all they have stolen... ALL of this - is NEW..
jeffusa says to clay01():she let them eat cake
clay01 says():any one know what the auctions have been lately
jeffusa says to clay01():of course cake was the burnt stuff in the bottom of the "ovens"
larrykn says to da58():your so right , I love what we are seeing, we have to look beyond what we see and look at the near future to see where they are headed :)
da58 says():it's becoming harder and harder to hide the theft.. M and goons are squirming for sure, regardless of how they 'say'..
da58 says to larrykn():yes - very exciting.. change is clear - and they are telling us about it.. I'm convinced also - they are not telling us much, as it occurs.. just as with any govt..
effusa says to da58():they need to come here and learn... are politicans do a better job of hiding it
clay01 says():they are sure grasping for straws, (M bunch), "we aren't going to play with you any more" ( not showing up for parliment) lol
da58 says to larrykn():But from what we ARE being told, it's absolutely thrilling to see this kind of PROGRESS there.. great for us.
clay01 says():I wish we would see more on the monetary reforms, but I know this is a process, doesn't mean I am not impatient for it, lol
da58 says():Kurdistan Alliance: not boycott the political process, but "Tratna" until stability
05/07/2016 12:50 BAGHDAD / tomorrow Press:
MP for the coalition of Kurdish blocs (Kurdistan Alliance), on Saturday, Abdul Bari Zebari, said the coalition does not interrupt the political process, attributing his absence to Baghdad, due to lack of stability of the political and security situation.
Zebari said in a statement for "tomorrow's Press," that "the decision of Kurdistan is not intended to boycott the political process, but lingered in the participation until the stability of the security and political situation in Baghdad," adding that "the Presidency of the Council of Representatives of parliament divided between pro and rejects her, and we do not want to be part of the problem but part of the solution."
"The presence of Kurdish blocs at this time will put the Kurds with one party against the other, and we do not want to be a party to the ongoing debate for the dismissal of the Presidency of the Council of Representatives and its legitimacy or not."
He said the "general attitude of the coalition of Kurdish blocs is not to come to participate in the Council action until the stability of the security and political situation," pointing out that "the presence of Kurdish blocs at this time is not futile , the differences between the political blocs."
The House of Representatives decided the Kurds, an official statement issued on Friday, not to return to Baghdad to participate in the meetings of the House of Representatives is not received guarantees of non-repetition of the storming of parliament process and attacks on a number of deputies.
And broke into hundreds of demonstrators, mostly from Sadr's movement, last Saturday, the Green Zone, and entered the parliament building and attacked the House of Representatives and called for reforms to the political system of quotas that caused the spread of corruption, according to the saying.
Ebadi said in a televised speech broadcast on state television, the earlier "ordered us to open a full investigation into the causes of what happened in parliament, and hold negligent in their responsibilities performance in providing the necessary protection, as the changes have been made in the security system and develop plans to protect the constitutional institutions and prevent a repeat of what happened recently"
http://ift.tt/1s5210v
larrykn says():To statistics [where]: slight increase Iraq's oil imports in the first quarter of 2016 compared to the central sales
2016/5/7 16:26 [Oan- special]
It showed a statistical study by the agency all of Iraq [where] based on official data that Iraq's imports of oil, which accounts for about 90% of the public budget increased slightly during the first third of this year compared with those sold in 2016 the CBI in the same period.
Oil sales amounted according to Oil Ministry data for the first four months [January, February, March, April] 10 billion and $ 748 million, compared with central bank sales for the same months the amount of 10 billion and 118 million and 308 000 and $ 524, mostly Khawwalat compared to direct cash, which raised around suspicions of corruption and money laundering operations.
And record the difference in favor of higher oil imports valued at 629 million and 691 thousand and $ 476 compared to sales of the central bank in the first trimester of this year.
The official document of the Finance Committee in Parliament revealed that the central bank sold the amount of the US dollar in the past year more than in 2015 and Iraq's imports of foreign currency obtained from the sale of crude oil in the same year.
The document showed that the country's oil revenues for the year 2015 amounted to $ 38 billion, while sales of the bank in the same year was more than $ 44 billion, a difference of more than five billion dollars, that is what sold Iraq of foreign currency more than its imports from them.
It is said that he recently noted that the central bank auction sales recorded a decline is the lowest it months ago as only for several weeks, the barrier of $ 130 million compared with the previous-month period and even after the financial crisis that began with a decline in oil prices in July 2014 were ranging from 225 to $ 300 million and sometimes more.
She described a member of the parliamentary finance committee Majida al-Tamimi, the central policy in the auction to sell the currency as "serving the corrupt."
According to the plan.
He also criticized the economic expert David Zayer, the bank's policy, saying it "will push Iraq toward bankruptcy and its reserve is unable to secure the required in the market," adding that "there is a process of systematic looting of Iraq to the bankruptcy of its reserve of hard currency and the central bank assumes this responsibility."
But economic adviser to the prime minister appearance of Mohammed Saleh played down this risk and denied that the central bank is facing a state of bankruptcy.
He told [where], that "the precautions of the dollar 60 billion or so," attributing the "decline in bank sales of the dollar's recent weakness to demand for the dollar because of the reduction and the reduction in government spending."
And raised suspicions of corruption, fraud and money laundering through the central bank auction as announced, specializing in national integrity and economic crime and money laundering a misdemeanor court, on 20 August issued sentences of imprisonment and a fine against officials in the Rafidain and the north after being convicted on charges of corruption and money laundering, a banner in the earlier to the presence of 20 defendants in these cases, some degree of chairman. "
da58 says():SO - with recess starting the 16th - perhaps Jubouri will convince the Kurds to attend Tuesday and get things wrapped up... convincing them of the new security measures, etc..
subgirl says to da58():thanks for sharing! :)
larrykn says to da58():I 'm thinking something is going to happen next week
da58 says():sure
da58 says to larrykn():me too bud
_firefly_ says():Folks, what is happening in the GOI has absolutely NOTHING to do with their monetary reform. You want facts? Look at the IMF, WB, BIS, Global Markets and what their Central Banks are doing. Remember this word ......... "COMPLIANCE"
MeginHim says to _firefly_():Then what is the hold up on the RV. I thought they had everything in place as far as banking laws etc?
larrykn says to _firefly_():I agree and it looks like the monetry reforms are moving right along :)
larrykn says to MeginHim():its a process there is no holdup
da58 says():told by imf by end of june.. how is that a holdup?
da58 says():this is may 7
larrykn says():it sometimes feel like we aren't getting anywhere but this doesn't happen over night an you have to keep up with the news to get an idea as to where they are at, if you don't you see that there is some kind of holdup, NOT....
MeginHim says to _firefly_():Thank you ... I dont have much time to read and some of the time I dont understand what I do read. I work all day and deal with 3 kids at night... supper ,homework. bedtime and prayers. I am so grateful to you who are positive and give straightforward information and especially for the summaries at night.
foxrun says():GM everybody...speaking about progress sure do miss MD's reports hopefully she will report soon
bgg says to foxrun():She should be in Sunday (or so I was told)...
bgg says to foxrun():Until then - I'll be doing News Times.
foxrun says():An unreal amount of money wow oh wow and to think the neggies worry about our tiny tiny little corner
bgg says to foxrun():another interesting point - and partly why I pointed that out.
rcookie says():Saleh: The World Bank has agreed to lend Basra half a billion dollars
Wrote: May 7, 2016 Appearance-Mohammad-Saleh
Financial Advisor to the Prime Minister revealed the appearance of Mohammed Saleh, said that "The World Bank has agreed for the first time to lend to sovereign guarantees province of Basra and Baghdad agreed upon that the allocated loan for urban projects and investment."
Saleh said that "The World Bank does not deal with the provinces do not lend and confined to dealing with borrowers as states all but the first step of its kind, has agreed to lend Basra amount of half a billion dollars (in principle), after receiving assurances called Balseadah."
Saleh added that "consultation with the World Bank is still ongoing, stressing the central government welcomed the orientation of the new bank to deal with Basra, without confirming the planned value of the loan or get it later converted to calculate the province."
http://ift.tt/1Msrk5I;
larrykn says():the Organization of Arab Petroleum Exporting Countries (OAPEC) that the total cost of the projects Arab electricity grid, which has spent the past two decades, amounted to about two billion dollars.
She (OAPEC) in monthly published, what was spent on the project 'Eight electrical connection was about $ 556 million and about $ 196 million for the project Maghreb electrical connection, and about $ 1.1 billion to the Gulf electricity linkage project.
She added that the electric power consumption rates in many of the Arab countries on the rise and the high rates as a result of the process of urbanization and the continuing population growth witnessed by the states.
The organization pointed out that the Arab electricity interconnection projects of the highlights of major achievements in the process of joint Arab action, a project to link eight between Egypt, Iraq, Jordan, Lebanon, Libya, Palestine, Syria and Turkey, and the project Maghreb link between Libya, Tunisia, Algeria and Morocco, and project electrical connection of the Gulf Cooperation Council (GCC).
CeeCee says to DIGIman1():bbl...tim to cattch on sleep....but want to remid all...GREAT CHARLIE ROSE INTRVIEW WITH BRETT MCGURK LAST EVENING --VERY POSITIVE ABOUT ABADI AND WHAT HE IS TRYING TO ACHIEVE...AND MILITARY OPS THERE & SYRIA. cant find link... too soon after it ended i guess. pbs.
clay01 says():Any thoughts on this political stand off
larrykn says to clay01():I think it will get worked out one way or the other. they do have that timeline that tells me if they don't they have too much to lose
larrykn says to clay01():O that timeline is the first half of 2016 :)
larrykn says to bgg():gm sir, great newstime last night ty :)
clay01 says():yes there is that, but my thoughts are that Abadi and Sadr want some time to do something, not sure what, but it seems to me the protestors in parliment was a staged event, for what purpose I do not know
da58 says to larrykn():agreed, and I think it will be sooner, than later.. they aren't just sitting around twiddling thumbs..
larrykn says():one of those articles I brought in talked about the kurds showing backup, thats a good thing
da58 says to clay01():for what purpose? PRESSURE - to put pressure on parliment.... they want to get rid of the corruption in this darn govt - so they can get something done! reforms and laws.
clay01 says():yes, the Kurds have to be on board
larrykn says():remember this is a fight between the bad guys (Maliki) and the good guys ( Adabi) I put my money on Adabi :)
clay01 says():yes pressure but in what direction, a new vote
da58 says():the kurds are on board - to get rid of the corruption, but not with the chaos!
da58 says():they will be back for the votes, just watch..
clay01 says():yes
larrykn says to da58():get rid of the corruption an chaos will go away
clay01 says():they will
da58 says to larrykn():yep!
clay01 says():absolutely
clay01 says():give the people somethig and the chaos goes away
clay01 says():If Marie Antonnette had given the people something to eat, she may have kept her head
larrykn says to clay01():true :D
da58 says to larrykn():we are RIGHT IN THE MIDDLE of the reforms of Iraq.. the govt is in the process of changing.. transparency in banking... the auctions cash cow is going away... the corrupt's names are showing up in media with all they have stolen... ALL of this - is NEW..
jeffusa says to clay01():she let them eat cake
clay01 says():any one know what the auctions have been lately
jeffusa says to clay01():of course cake was the burnt stuff in the bottom of the "ovens"
larrykn says to da58():your so right , I love what we are seeing, we have to look beyond what we see and look at the near future to see where they are headed :)
da58 says():it's becoming harder and harder to hide the theft.. M and goons are squirming for sure, regardless of how they 'say'..
da58 says to larrykn():yes - very exciting.. change is clear - and they are telling us about it.. I'm convinced also - they are not telling us much, as it occurs.. just as with any govt..
effusa says to da58():they need to come here and learn... are politicans do a better job of hiding it
clay01 says():they are sure grasping for straws, (M bunch), "we aren't going to play with you any more" ( not showing up for parliment) lol
da58 says to larrykn():But from what we ARE being told, it's absolutely thrilling to see this kind of PROGRESS there.. great for us.
clay01 says():I wish we would see more on the monetary reforms, but I know this is a process, doesn't mean I am not impatient for it, lol
da58 says():Kurdistan Alliance: not boycott the political process, but "Tratna" until stability
05/07/2016 12:50 BAGHDAD / tomorrow Press:
MP for the coalition of Kurdish blocs (Kurdistan Alliance), on Saturday, Abdul Bari Zebari, said the coalition does not interrupt the political process, attributing his absence to Baghdad, due to lack of stability of the political and security situation.
Zebari said in a statement for "tomorrow's Press," that "the decision of Kurdistan is not intended to boycott the political process, but lingered in the participation until the stability of the security and political situation in Baghdad," adding that "the Presidency of the Council of Representatives of parliament divided between pro and rejects her, and we do not want to be part of the problem but part of the solution."
"The presence of Kurdish blocs at this time will put the Kurds with one party against the other, and we do not want to be a party to the ongoing debate for the dismissal of the Presidency of the Council of Representatives and its legitimacy or not."
He said the "general attitude of the coalition of Kurdish blocs is not to come to participate in the Council action until the stability of the security and political situation," pointing out that "the presence of Kurdish blocs at this time is not futile , the differences between the political blocs."
The House of Representatives decided the Kurds, an official statement issued on Friday, not to return to Baghdad to participate in the meetings of the House of Representatives is not received guarantees of non-repetition of the storming of parliament process and attacks on a number of deputies.
And broke into hundreds of demonstrators, mostly from Sadr's movement, last Saturday, the Green Zone, and entered the parliament building and attacked the House of Representatives and called for reforms to the political system of quotas that caused the spread of corruption, according to the saying.
Ebadi said in a televised speech broadcast on state television, the earlier "ordered us to open a full investigation into the causes of what happened in parliament, and hold negligent in their responsibilities performance in providing the necessary protection, as the changes have been made in the security system and develop plans to protect the constitutional institutions and prevent a repeat of what happened recently"
http://ift.tt/1s5210v
larrykn says():To statistics [where]: slight increase Iraq's oil imports in the first quarter of 2016 compared to the central sales
2016/5/7 16:26 [Oan- special]
It showed a statistical study by the agency all of Iraq [where] based on official data that Iraq's imports of oil, which accounts for about 90% of the public budget increased slightly during the first third of this year compared with those sold in 2016 the CBI in the same period.
Oil sales amounted according to Oil Ministry data for the first four months [January, February, March, April] 10 billion and $ 748 million, compared with central bank sales for the same months the amount of 10 billion and 118 million and 308 000 and $ 524, mostly Khawwalat compared to direct cash, which raised around suspicions of corruption and money laundering operations.
And record the difference in favor of higher oil imports valued at 629 million and 691 thousand and $ 476 compared to sales of the central bank in the first trimester of this year.
The official document of the Finance Committee in Parliament revealed that the central bank sold the amount of the US dollar in the past year more than in 2015 and Iraq's imports of foreign currency obtained from the sale of crude oil in the same year.
The document showed that the country's oil revenues for the year 2015 amounted to $ 38 billion, while sales of the bank in the same year was more than $ 44 billion, a difference of more than five billion dollars, that is what sold Iraq of foreign currency more than its imports from them.
It is said that he recently noted that the central bank auction sales recorded a decline is the lowest it months ago as only for several weeks, the barrier of $ 130 million compared with the previous-month period and even after the financial crisis that began with a decline in oil prices in July 2014 were ranging from 225 to $ 300 million and sometimes more.
She described a member of the parliamentary finance committee Majida al-Tamimi, the central policy in the auction to sell the currency as "serving the corrupt."
According to the plan.
He also criticized the economic expert David Zayer, the bank's policy, saying it "will push Iraq toward bankruptcy and its reserve is unable to secure the required in the market," adding that "there is a process of systematic looting of Iraq to the bankruptcy of its reserve of hard currency and the central bank assumes this responsibility."
But economic adviser to the prime minister appearance of Mohammed Saleh played down this risk and denied that the central bank is facing a state of bankruptcy.
He told [where], that "the precautions of the dollar 60 billion or so," attributing the "decline in bank sales of the dollar's recent weakness to demand for the dollar because of the reduction and the reduction in government spending."
And raised suspicions of corruption, fraud and money laundering through the central bank auction as announced, specializing in national integrity and economic crime and money laundering a misdemeanor court, on 20 August issued sentences of imprisonment and a fine against officials in the Rafidain and the north after being convicted on charges of corruption and money laundering, a banner in the earlier to the presence of 20 defendants in these cases, some degree of chairman. "
da58 says():SO - with recess starting the 16th - perhaps Jubouri will convince the Kurds to attend Tuesday and get things wrapped up... convincing them of the new security measures, etc..
subgirl says to da58():thanks for sharing! :)
larrykn says to da58():I 'm thinking something is going to happen next week
da58 says():sure
da58 says to larrykn():me too bud
_firefly_ says():Folks, what is happening in the GOI has absolutely NOTHING to do with their monetary reform. You want facts? Look at the IMF, WB, BIS, Global Markets and what their Central Banks are doing. Remember this word ......... "COMPLIANCE"
MeginHim says to _firefly_():Then what is the hold up on the RV. I thought they had everything in place as far as banking laws etc?
larrykn says to _firefly_():I agree and it looks like the monetry reforms are moving right along :)
larrykn says to MeginHim():its a process there is no holdup
da58 says():told by imf by end of june.. how is that a holdup?
da58 says():this is may 7
larrykn says():it sometimes feel like we aren't getting anywhere but this doesn't happen over night an you have to keep up with the news to get an idea as to where they are at, if you don't you see that there is some kind of holdup, NOT....
MeginHim says to _firefly_():Thank you ... I dont have much time to read and some of the time I dont understand what I do read. I work all day and deal with 3 kids at night... supper ,homework. bedtime and prayers. I am so grateful to you who are positive and give straightforward information and especially for the summaries at night.
foxrun says():GM everybody...speaking about progress sure do miss MD's reports hopefully she will report soon
bgg says to foxrun():She should be in Sunday (or so I was told)...
bgg says to foxrun():Until then - I'll be doing News Times.
foxrun says():An unreal amount of money wow oh wow and to think the neggies worry about our tiny tiny little corner
bgg says to foxrun():another interesting point - and partly why I pointed that out.
rcookie says():Saleh: The World Bank has agreed to lend Basra half a billion dollars
Wrote: May 7, 2016 Appearance-Mohammad-Saleh
Financial Advisor to the Prime Minister revealed the appearance of Mohammed Saleh, said that "The World Bank has agreed for the first time to lend to sovereign guarantees province of Basra and Baghdad agreed upon that the allocated loan for urban projects and investment."
Saleh said that "The World Bank does not deal with the provinces do not lend and confined to dealing with borrowers as states all but the first step of its kind, has agreed to lend Basra amount of half a billion dollars (in principle), after receiving assurances called Balseadah."
Saleh added that "consultation with the World Bank is still ongoing, stressing the central government welcomed the orientation of the new bank to deal with Basra, without confirming the planned value of the loan or get it later converted to calculate the province."
http://ift.tt/1Msrk5I;
da58 says():Saudi Arabia: a complete overhaul of the government and exempt oil minister with the creation of an entertainment
History of edits:: 5/7/2016 17:52
Saudi Arabia announced on Saturday for a comprehensive change in the government with the exemption Oil Minister Ali al - Naimi from office, and the creation of an "entertainment."
It included orders issued by King Salman bin Abdul Aziz Al Saud , cancel, integrate , and the order of the terms of reference and the ministries and organs and bodies of government where it was merging the Ministries of Labour and Social Affairs, and the abolition of the Ministry of Water and Electricity and modify the Ministry of Hajj name to the Ministry of Hajj and Umrah.
_firefly_ says(): CountriesIraq Publication Iraq’s Economic Outlook- Spring 2016
foxrun says():Interesting speaks to BGG's comment about the Populus movement of change
_firefly_ says():The latest MENA Economic Monitor Report - Spring 2016, expects Iraq’s economy to recover from a low base, growing at 7.2 % in 2016 and to hover around 5 % in the next few years.
_firefly_ says():Iraq has faced two simultaneous crises since the second half of 2014: the ISIS insurgency and the oil price shock. These have severely impacted the economy and compounded structural vulnerabilities.
The twin crisis, coupled with political instability in 2014, decelerated private-sector consumption and investment, and limited government spending, particularly on investment projects.
As a result, the non-oil sector is estimated to have contracted by 9.0 % in 2015, following an 8.8 % fall in 2014.
In contrast, growth in the oil sector has remained resilient, with output rising 12.9 % in 2015 to a new high of 3.5 million barrels per day, supported by the southern oil fields, which are beyond ISIS’ reach, and which account for 90 % of total production. After contracting 2.1 % in 2014, real GDP is estimated to have rebounded to 2.4 % in 2015. Inflation was 1.4 % in 2015.
History of edits:: 5/7/2016 17:52
Saudi Arabia announced on Saturday for a comprehensive change in the government with the exemption Oil Minister Ali al - Naimi from office, and the creation of an "entertainment."
It included orders issued by King Salman bin Abdul Aziz Al Saud , cancel, integrate , and the order of the terms of reference and the ministries and organs and bodies of government where it was merging the Ministries of Labour and Social Affairs, and the abolition of the Ministry of Water and Electricity and modify the Ministry of Hajj name to the Ministry of Hajj and Umrah.
_firefly_ says(): CountriesIraq Publication Iraq’s Economic Outlook- Spring 2016
foxrun says():Interesting speaks to BGG's comment about the Populus movement of change
_firefly_ says():The latest MENA Economic Monitor Report - Spring 2016, expects Iraq’s economy to recover from a low base, growing at 7.2 % in 2016 and to hover around 5 % in the next few years.
_firefly_ says():Iraq has faced two simultaneous crises since the second half of 2014: the ISIS insurgency and the oil price shock. These have severely impacted the economy and compounded structural vulnerabilities.
The twin crisis, coupled with political instability in 2014, decelerated private-sector consumption and investment, and limited government spending, particularly on investment projects.
As a result, the non-oil sector is estimated to have contracted by 9.0 % in 2015, following an 8.8 % fall in 2014.
In contrast, growth in the oil sector has remained resilient, with output rising 12.9 % in 2015 to a new high of 3.5 million barrels per day, supported by the southern oil fields, which are beyond ISIS’ reach, and which account for 90 % of total production. After contracting 2.1 % in 2014, real GDP is estimated to have rebounded to 2.4 % in 2015. Inflation was 1.4 % in 2015.
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