Chihod: Kuwait conference contract to destroy Iraq and dumping debt

Chihod: Kuwait conference contract to destroy Iraq and dumping debt

2/18/2018

The deputy speaker of the State of Law, led by Nuri al-Maliki, Mohammad Saadoun al-Chihoud, said Sunday that the Kuwait donors conference did not help Iraq, noting that "it was not held rather to help Iraq but to destroy it and drown it in debt.

""The major countries have abandoned Iraq again and abandoned it on several occasions, and this is conclusive evidence that the conspiracy against Iraq continues despite the failure of its chapters, which began to enter the rule through sectarianism and ending with the introduction of a terrorist," Chihud said in a statement.

"Iraq has lost billions of dollars because of its war with terrorism on behalf of the world.

The war has destroyed infrastructures and superstructures, and has delayed and delayed giant and big projects, as well as the wheel of development, reconstruction and construction.

"He pointed out that "the Kuwait donors conference was not held rather to help Iraq, but to destroy Iraq and flood it with debt and therefore the outputs of the conference does not carry any meaning to help and construction and reconstruction, but to drain the wealth of Iraq and its people,

pointing out that" Iraq needs 100 billion dollars as a grant to build and reconstruction of liberated areas As well as to complete the strategic projects in Iraq, and therefore the allocation of $ 30 billion in loans means the conference is free of its real content, "pointing out that this represents a huge blow to the economy of Iraq, which will continue to suffer dilution for many years.

http://aletejahtv.org/permalink/205727.html

Gulf states are backing back from providing substantial financial support to Iraq

Gulf states are backing back from providing substantial financial support to Iraq
2/18/2018

IFC estimated that Iraq alone needs at least $ 50 billion."This figure is not realistic unless oil prices remain relatively stable," said Christian Goose, deputy head of IMF’s Middle East Monetary Department.

Adding that "the funding gap is increasing significantly if oil prices fall."However, the results of the conference outweighed many dim forecasts.

"This is an important reference to Iraq, through which Abbadi will go to the elections," said Elizabeth Dickinson, chief analyst for the Arabian Peninsula in the International Crisis Group.

"This gives us something concrete to return to Baghdad and demonstrate the capacity to support and rebuild the country."

Many foreign officials at the conference say contributions are expected to be much lower. In early December, some officials said it was difficult to reach the Iraqi government’s original standard for raising $ 20 billion from international donors.

"We were strongly encouraged to seriously reconsider this," a Western diplomat told AFP.

The most pressing question is how Iraqis who expected to start a Marshall Plan when the international conference ends with loans and goodwill will explain, not many direct donations. In the end, the government pressed its goal of holding the assembly and renamed it a "donors" conference to the "reconstruction" conference.

A large part of this draws attention to the expected shortage of pledged funds.

Much of the fear is due to lack of confidence from countries such as Saudi Arabia and the United Arab Emirates.

In the beginning, the Gulf states were supposed to shoulder much of the burden on Iraqi reconstruction efforts in exchange for a rear seat in military operations against Da’ash.

But Saudi Arabia, the United Arab Emirates, Qatar and Kuwait all made $ 5 billion and were expected to do much more.

Western diplomats worry about the possibility of billions sinking, as well as the apparent lack of Gulf spending and the financial crisis they are experiencing.

The ongoing war in Yemen has reduced diplomatic and military power in Saudi Arabia and the UAE in particular, not to mention the drop in oil prices that has led to the discontent of Gulf governments.

"I think many are waiting for the post-election period because they want to know who will lead the government first," a senior US official told AFP.

However, the fact that any money comes at all is evidence of an improved Iraqi situation.

"The Gulf states, especially Saudi Arabia, Kuwait and the United Arab Emirates, see Abadi as someone who can be dealt with," Dickinson of the International Crisis Group said.

Security concerns remain largely a hindrance to donor and creditor accounts, as well as to private sector companies that had the lion’s share of the conference.

Although the Da’id organization has been completely defeated in Iraq, the risk of a perceived return is high for donors.

http://aletejahtv.org/permalink/205729.html

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KRG pays Genel under Receivable Settlement Agreement

Genel Energy plc has announced that it has received an override payment of $7.05 million from the Kurdistan Regional Government (KRG).

The payment represents 4.5% of Tawke gross field revenues for the month of November 2017, as per the terms of the Receivable Settlement Agreement. 

Taken together with the monthly entitlement payments for Taq Taq and Tawke announced yesterday, Genel’s net share of payments relating to November 2017 exports totals $26.81 million.

(Source: Genel Energy)

Tribal Disputes Flare in over Water Scarcity

By Mustafa Saadoun for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News

Tribal disputes flare in southern Iraq over water scarcity

Iraqi Prime Minister Haider al-Abadi gave instructions on Feb. 11 to stop the encroachment upon water quotas and increase the water share to Al-Mejar district in Maysan province in southern Iraq.

Abadi’s instructions came days after tribal conflicts in Iraq’s southern provinces broke out over agricultural land water quotas, prompting activists in the province to launch a campaign titled Save the Tigris in a bid to end the water crisis. There are already conflicts plaguing those provinces — especially Basra, where water issues between the southern tribes have already escalated into armed conflicts.

Hassanein al-Munshid, a civil activist in a local campaign in Maysan province working to end the water crisis, told Al-Monitor, “Tribal conflicts are intensifying in the province because of the water crisis, which might lead to additional fighting.”

He added, “There is a tribal sheikh in the northern areas of Maysan province controlling the water flow of the Tigris River to irrigate his farms. There are top officials who are aware of his acts of encroachment, but the government cannot do anything about it.”

For security reasons, Munshid did not name the sheikh.

The Iraqi government is doing its best to face the drought that hit the southern provinces due to the lack of water flowing from Turkey, which is the source of the Euphrates River. Most areas of the south and the middle Euphrates depend on the water flowing from the Euphrates.

Majid al-Gharabi, a sheikh in Diwani province, told Al-Monitor, “The reason behind the tribal differences over water is that some clans are diverting the flow of water to prevent it from reaching the farms of other tribes.”

On Jan. 21, Iraqi Minister of Water Resources Hasan al-Janabi wrote on his Facebook page that “Turkish Foreign Minister Mevlut Cavusoglu said in front of Abadi that Turkey is committed to postponing the filling of the Ilisu Dam and that the Turkish president is committed [to not harming] Iraq. We definitely have specific demands we seek to achieve peacefully and diplomatically in this regard.”

In an interview published by Foreign Policy Concepts on Jan. 7, the Iraqi minister said the country’s water scarcity is intensified by excessive control measures in the upper reaches of the Tigris and Euphrates rivers.

Of note, 70% of the water that flows into Iraq comes from outside of Iraq’s borders, and this issue — just like any other — affects and is affected by politics, so Turkey’s construction of the Ilisu Dam faced strong Iraqi objections given the risks of drought it entails for Mesopotamia.

In the province of Dhi Qar alone, 20 clan clashes erupted recently due to water scarcity, according to Mayor Hussein Ali Raddad of the Islah district, who also confirmed that the local government in the province failed to reach any solutions regarding the issue.

Ali Raddad told Al-Monitor, “The crisis we are facing now lies in the tribal conflicts that sometimes escalate into violence.”

Iraqi officials say the reason behind the water crisis in the country is that not enough water is flowing into Iraq from Turkey, warning of a looming “disaster” in the coming months.

Meanwhile, a number of citizens blame the Iraqi government for the tribal conflicts erupting in the country, saying the government is incapable of monitoring the distribution of water quotas to farmers. Some tribes are not getting their share of the water while others are getting more than their specified quota, citizens told Radio Nawa.

Water is not sufficiently flowing into farms from the main sources in their provinces, worsening the issues between tribes.

The water crisis may serve as the impetus for new demonstrations in Iraq, specifically in the southern regions where some tribes warned the Iraqi government of a “war” that may erupt in the absence of appropriate measures to resolve the water crisis.

In Maysan province, water shortages are no less serious than those in Dhi Qar, Samawah and Wasit. The capital city of Maysan, Amarah, may suffer a major disaster as a result of drought, as waves of displacement will ensue, the marshes will dry out, the livestock will die and the agriculture industry will be doomed, officials say.

This is not the first time that armed conflicts have erupted between the tribes of southern Iraq over water. Three years ago, the dispute escalated between the tribes of the provinces of Muthanna and Diwaniyah for the same reason.

Parts of southern Iraq are going through a phase no less serious than the situation in the Sunni areas of Anbar, Salahuddin and Ninevah. Water is the dwindling lifeblood that could lead to long-term tribal fighting in those areas.

Despite its attempts, the Iraqi government is seemingly unable to control the tribal differences over water in the areas of southern Iraq, especially considering that there are tribes and families controlling the water flow and preventing it from reaching other farms and areas.

The Iraqi government may have to resort to a military option to end inter-clan disputes over water and force tribes to divide water quotas. Otherwise, some farms will be deprived of their quotas.

DAVE SCHMIDT UPDATE, 17 FEB

Feb. 17th,  2017 

Update on Returning with Newsletters, Radio Programs and Workshops

Dear Friends,

 

A few weeks ago I was asked to go quiet, in other words I needed to be off the currency exchange radar screen for an extended period of time.

 

Later in the newsletter I will give a time frame for returning.

 

As things are progressing behind the scenes for our benefit, a great

DAVE SCHMIDT UPDATE, 17 FEB

Feb. 17th,  2017 

Update on Returning with Newsletters, Radio Programs and Workshops

Dear Friends,

 

A few weeks ago I was asked to go quiet, in other words I needed to be off the currency exchange radar screen for an extended period of time.

 

Later in the newsletter I will give a time frame for returning.

 

As things are progressing behind the scenes for our benefit, a great