It’s important that they build a budget so they can create monetary policy for the Central Bank. They’re not building an exchange rate in the budget…they are basing it on what they have today. You’re not going to find it in any budget…never been in any budget in the past and I don’t believe it’s going to be in any budget going forward. When they eventually do this it’s a process…and when
8-17-2018 Intel Guru Randy Koonce First, we are in a new window of opportunity ‘right now’. When I say that, it does NOT mean it will happen “without a doubt in this current window” (Remember: It’s Iraq!). What it does mean is that there is a very good chance for the rate to finally change. Now. …I hope that one day I might get the opportunity to explain why this has taken so long.
Quotes: “The presence of the American economic team within the embassy came to monitor the financial performance of the government and the extent of Iraq’s commitment to the International Monetary Fund.”; “the work of the team in monitoring how to deal with the implementation of the conditions of the IMF is a major breach of Iraqi sovereignty.”
HOW MANY OF YOU BELIEVE THE GOAL OF THE USA IS TO
Thank you PinkRosesTHE BIG CALL WITH BRUCE THURSDAY, AUGUST 16, 2018, INTEL ONLYTRANSCRIBED BY PINKROSESBruce: Welcome Everybody to the Big Call tonight. This is one of these times when I kind of know more than I can let on.Tonight is one of these days where a lot of our sources, a lot of our people have gone silent more than we ever had.We had banks we can talk to, redemption centers we can
Compiled 17 Aug. 12:01 am EST by Judy ByingtonThe below is a summary of information from the Internet. It would be up to the individual reader to decide whether or not it is valid. Patience is a Virtue. Having Virtue is a sign of a good moral being. Good moral beings have the power to overcome evil and change the world.A. Aug. 16 2018 The Big Call, Bruce: Thebigcall.net: 712-770-4016 pin123456#1
JESTER] HELLO AND HAPPY THURSDAY EVERYONE…[JESTER] IF I TELL YOU I HAD SOMETHING TO SAY WOULD YOU COME BACK SATURDAY TO FIND OUT?[JESTER] A TANTALIZING PREVIEW… SOMEONE MAY HAVE GOT PAID… WE ARE BUSY CHECKING IT OUT… DETAILS SATURDAY… HA![JESTER] GOT THE WOLF AND AVENTADOR AND MARKZ AND EVERYONE LOOKING…[JESTER] HOPEFULLY SOME GOOD NEWS WHEN WE SEE YOU SATURDAY… YOU ALL TAKE CARE…
The Department of Investigation of the Integrity Commission, on Thursday, the issuance of the Criminal Court on the issues of integrity in Baghdad, a ruling in absentia, the imprisonment of two employees of the Ministry of Health in the province of Salah al-Din; to deliberately cause damage to public money amounted to 24 billion dinars.
The Department said in a statement that the convicted fugitives who were working in the Department of Health Salahaddin province, in agreement with other defendants separated cases, embezzled the amount of twenty-four billion dinars, which was intended to support the displaced, explaining that one of the convicts is a member of the committees implemented projects supported ,
While the other convict acted as a mediator between the former governor and the owners of banking companies; for the purpose of transferring the misappropriated amounts.
The Court had reached the conviction that the accused had been convicted in accordance with the provisions of article 316 of the Penal Code and articles 289 and 298, and sentenced to seven years’ imprisonment after having heard the statements of the legal representative of the Ministry of Health, As well as witness testimony, as well as the presumption of escape of the accused.
The decision of the verdict includes the issuance of an arrest warrant against the convicted persons, the fundamentalist search of their rights, support for the seizure of their movable and immovable property, and the right to seek compensation before the civil courts after the ruling has been decided.
The Integrity Commission has announced on the seventh of this month the issuance of the Criminal Court on the issues of integrity in Baghdad in absentia sentenced to three members of the Ministry of Health; to cause them to cause damage to the value of about 13 billion dinars with the money of the body where they were working.
By Kamal al-Ayash.
As Iraq Sanctions Iran Trade, Saudi Arabia Boosts Border Crossing
Opening the Arar border crossing on Iraq’s border with Saudi Arabia could help locals economically. But analysts say it’s also about international influence.
“Work is underway to re-open Arar for commercial purposes before the upcoming Haj season in a manner that benefits both Iraq and Saudi Arabia,” said Abdul Aziz al-Shammari, the Saudi ambassador to Iraq. In a televised interview announcing that the border crossing is to be permanently opened, he said that the Iraqi and Saudi sides have agreed on everything required for the reopening of the crossing for commercial purposes.
This is not the first time that Saudi Arabia announced its approval for the reopening of the border crossing, and with every such announcement voices supporting normal relations with Saudi Arabia are heard. Local residents also say the border crossing opening will boost economic recovery in the area.
However, the issue of ownership of the border crossing remains a significant stumbling block: It is located within the borders of the Nukhayb district, approximately 300 kilometres southwest of Ramadi, which is in the Anbar province .
The Nukhayb district was created in 1960 and remained part of Anbar province’s Rutba district until 1978 when it was annexed to Karbala for 14 months. It was returned to the Anbar province in 1979 as a result of a crisis between the local population of the Nukhayb district and Ahmad Hassan al-Bakr, a former President of Iraq, after which it became a separate district in 2016, following a vote by Anbar provincial council members.
The Arar crossing point is located on the Iraqi-Saudi border, 97 kilometres southwest of the Nukhayb district, and since 2003 has officially only opened during the pilgrimage season so that Iraqi pilgrims can travel to the holy site of Mecca in Saudi Arabia. The border crossing has two routes; the first passes through the Karbala province and the second passes through the Anbar province.
The local government in the Anbar province highlights the success of its security and service operations every pilgrimage season, while at the same time stressing that this is done without financial allocations to the border crossing. It is also a way of confirming its ownership of the Nukhayb district and the Arar border crossing.
Taha Abdul Ghani, a member of the Anbar provincial council, told NIQASH that “no province other than Anbar has the right to administrate the Arar border crossing, as all documents prove that the Nukhayb district and Arar border crossing fall within the administrative borders of the Anbar province. Any other claim is a slander and a violation of Anbar’s rights.”
“Anbar province has administrated the Nukhayb sub district for 15 years. It allocated huge amounts of money to services and projects in the Nukhayb district in support of all sectors, as well as for logistical services to ensure the success of security plans and the travel of pilgrims through the Arar border crossing.”
In addition to its importance for commercial and tourism purposes, the Saudi-Iraqi border crossing is significant for various local and international political parties for political and security reasons. Observers and experts say that any developments related to the Nukhayb district tend to increase tensions and they stress that economic issues are not the only reasons.
“Controlling the Nukhayb district and the Arar border crossing from the Iraqi side has one specific reason,” retired military man, Mohammed Kartan explains. “Anbar wants to maintain the border crossing with its Sunni environment, specifically the Gulf, and Karbala and Najaf want to impose their control and influence to isolate Sunni elements from their support in the Gulf.
“Whoever controls the Jdaidet Arar border crossing and the Nukhayb district controls important transportation routes between Iraq and Syria that were created when the Islamic State group occupied most of the cities of the Anbar province. These routes were created in an attempt to find alternative ways to bring financial and logistical support to Syria without having to pass through extremist-occupied areas.”
The reopening of the border crossing could serve as an important outlet for Iraqi and Saudi trade, but it is a painful economic blow to Iranian trade, which heavily and directly depends on the Iraqi market.
Kareem al-Nouri, a leader of the popular crowd forces, told NIQASH that “if we assume good intentions on the part of Saudi Arabia, the decision to resume business permanently at the Arar border crossing is a good and useful decision which restores relations between Iraq and Saudi Arabia. However, we believe that the decision is of a political nature and its timing is not appropriate, especially with the US sanctions on Iran.”
“The opening of the border crossing, which is located in a sensitive and important city that is still categorised as a disputed area, could trigger a real crisis that may evolve into a conflict,” al-Nouri said. “Announcing the opening of the border crossing at this time is not a popular decision and it should be reconsidered.”
DNO ASA, the Norwegian oil and gas operator, today announced plans for its first dividend distribution to shareholders in 13 years following release of strong half-year 2018 results, including revenues of USD 289 million which were up 83 percent from the same period last year. The Company also reported a net profit of USD 61 million and free cash flow of USD 142 million during the first half of the year.
“With growing production and robust and reliable revenues, the dividend announcement underscores confidence in our strong growth prospects,” said DNO’s Executive Chairman Bijan Mossavar-Rahmani (pictured). “Kurdistan is back and so is DNO,” he added.
The Company continues to ramp up activity in the Kurdistan region of Iraq, where fast track development of the Peshkabir field is expected to boost output by another 15,000 barrels of oil per day (bopd) to 50,000 bopd by yearend.
The Company, the most active driller in Kurdistan, has three rigs operating across its licenses with a fourth to be added next month.
Two rigs will be active at the flagship Tawke field to reverse natural field decline through workovers and the drilling of two wells in the main Cretaceous reservoir and two wells in the shallow Jeribe reservoir.
Operations will commence at the Baeshiqa license with another rig to be mobilized to spud the first well in September as part of a back-to-back, three-well exploration program. DNO acquired a 32 percent interest in and operatorship of the Baeshiqa license last year, joining ExxonMobil (32 percent), the Turkish Energy Company (16 percent) and the Kurdistan Regional Government (20 percent).
At Peshkabir, the fourth rig will spud Peshkabir-8 in 10 days followed by Peshkabir-9 in October. Early production and successful appraisal have raised previous field proven (1P) and proven and probable (2P) reserves. Two newly completed wells, Peshkabir-6 and Peshkabir-7, will commence testing by the end of this month before being placed on production. Peshkabir-6 is key to unlocking further Cretaceous and Triassic reserves.
“Peshkabir is proving prolific in production and has generated over USD 300 million in gross revenue since startup last year or three times the investment,” said Mr. Mossavar-Rahmani.
Elsewhere, DNO recently completed the sale of its Tunisia assets and relinquished Block SL18 in Somaliland as part of the Company’s ongoing rationalization of its portfolio through divestment of non-core assets and focus on expanding operations in Kurdistan and Norway.
Offshore Norway, the Company recently added six new exploration licenses for a total of 21 licenses and plans to participate in one exploration well in the fall, followed by at least five wells next year.
DNO retains indirect interests in North Sea assets through its 28.23 percent strategic stake in Faroe Petroleum plc and, given the size of its shareholding, will request seats on the board and has asked for an extraordinary general meeting to be called for this purpose.
DNO exited the second quarter with a cash balance of USD 584 million in addition to USD 288 million in marketable securities and treasury shares. The Company’s outstanding bond debt stands at USD 600 million.
The planned annual dividend distribution of NOK 434 million (USD 50 million equivalent), payable in two tranches, is subject to shareholder approval. To facilitate the distribution of the planned dividend, the DNO Board of Directors will convene an extraordinary general meeting on 13 September 2018 (i) to seek approval for payment of a dividend of NOK 0.2 per share in H2 2018 to be distributed to shareholders of record on 13 September 2018 (as registered in the VPS on 17 September 2018), and (ii) to seek authorization to approve an additional dividend payment of NOK 0.2 per share in H1 2019.