Tuesday, August 29, 2023

"NEWS OF IRAQ" BY MNT GOAT, 29 AUGUST

 MORE THAN 250,<> PEOPLE WHO RECEIVE MORE THAN ONE SALARY FROM THE IRAQI STATE.

Economy Baghdad News

Jamal Kojar, a member of the parliamentary finance committee, revealed that there are more than 250,<> people who receive more than one salary from the Iraqi state.

Koger said, in a press interview, seen by “Economy News”, that “the number of government official employees differs from the number of salary recipients, as there are more than 4.074 million employees in Iraq working in state departments and institutions, but there are currently about nine million people receiving salaries in Iraq and in different forms and addresses such as retirees, martyrs, social welfare, missing persons and political prisoners.”

He added that more than 250,6 employees in Iraq receive more than one salary, while there are those who receive multiple salaries.

(This is one way they steal from the budget. Oh…these corrupt in Iraq are cunning and have ways to do it. Why does the government not crack down or find other ways to pay them to make it much more transparent?)

More news…

DISPUTE BETWEEN THE IRAQI AND TURKISH GOVERNMENT OVER OIL EXPORT OPERATIONS THROUGH THE TURKISH PORT OF CEYHAN IS AT THE HEART OF SOLVING THE OIL AND GAS LAW

The American Foreign Policy newspaper revealed in a report published, on Friday (August 25, 2023), that the dispute between the Iraqi and Turkish government over oil export operations through the Turkish port of Ceyhan is still continuing without any signs of imminent solutions, stressing that the dispute is now “affecting and destroying” the region, and beyond. 

The newspaper stated, according to what was translated by “Baghdad Today”, that the agreement concluded fifty years ago between the two countries on exporting oil through the port of Ceyhan is still so far without solutions, despite the visit of Turkish Foreign Minister Hakan Fidan to Baghdad and the announcement of the imminent “achievement of a historic visit to the president.” Turkish Recep Tayyip Erdogan to Iraq.

(The reason stated in the article above it the real reason why the Oil and Gas law is delayed. Please read the full article. Iraq will most likely have many future amendments to their new Oil and Gas law. Why do they try to bundle every issue into the law to start? This is what take so damn long. But of course they are Arabic and this is their nature.)

More news….

EXPECTATIONS OF A RISE IN THE EXCHANGE RATE TO NEW LEVELS… HUGE BUDGET SUMS WILL DEVOUR THE DOLLAR FROM THE MARKET – URGENT

Today, Saturday (August 26, 2023), the expert in economic affairs, Hammam Al-Shamma, expected that the dollar prices would record a new rise with the start of budget projects, while he confirmed that the rise does not affect commodity prices in the local markets only, but also major service projects.

Al-Shammaa told “Baghdad Today” that “the rise in the exchange rate of the dollar and the fluctuation of its prices is not limited to the local market and raising the prices of foodstuffs and commodities only, but also extends its impact on the implementation of service and strategic projects,” noting that “economic instability has many consequences.”

He added, “We expect that with the start of implementing large service projects in Iraq after the budget enters into force, there will be a new rise in the exchange rates of the dollar, as exchange operations in the market and demand and supply operations will have an impact on the rise again, and this may appear during the next few days.”

More news….

SHANKALI OPENS FIRE ON THE GOVERNMENT REGARDING THE DOLLAR: THIS IS HOW CAMELS ARE SUPPLIED!

Yesterday, Sunday, a member of Parliament attacked the Iraqi government and the Central Bank of Iraq because of their failure to control the exchange rate of the dollar.

Majid Shankali said in a tweet, what he reads, that the government is completely unable to control the exchange rate of the dollar against the dinar, despite all the packages of measures launched by the Central Bank, and on the contrary, the measures taken by the government against some currency traders have increased the complexity of the scene and negatively affected the movement of the market is so that they have the right to say, this is how the camels are supplied.

More news….

MP HUSSEIN MOANS STRESSES THE NEED TO PUT AN END TO THE WINDOW OF SELLING CURRENCY

Information / Baghdad.

A member of the parliamentary finance committee, Hussein Munis, stressed on Sunday the need to put an end to the window of selling currency in Iraq, describing it as the one-eyed American policeman.

Moanis said in a statement received by Al-Maalouma that “the three reform packages launched by the Central Bank of Iraq have proven to be a failure in the framework of reducing the turmoil of the dollar market.”

He added that “the reform packages, after their failure, have become an end to the (window of selling currency), because they have become just (a one-eyed American policeman who sees only Iran), which made the Central Bank not entrusted with monetary policy in the country.” 

(This is a WOW!!! article. It took them long enough to see what we have seen for almost a decade now. ðŸ˜Š. But I reality they too know what they must do but pressures from the US in keeping them still under the sanctions of Chapter VII when in FACT they have already been fully released. Go figure. This is what we have read in multiple other articles lately. It is slowly coming to a head with the US. They must release Iraq from the sanctioned process of dealing with the dinar. We know it and Iraq knows it, the only solution to get rid of the dollar is to make the dinar stronger than the dollar and to use the dinar internationally to import goods and services into Iraq. We know the value is in the dinar and so why delay the process any longer.)

More news….

IRANIAN FOREIGN MINISTRY: A BLACK SPOT IN OUR RELATIONS WITH IRAQ MUST BE REMOVED WITHIN A MONTH

On Monday, a spokesman for the Iranian Foreign Ministry announced that the Iraqi government had pledged to disarm “opposition” armed groups in Iraq by September.  

In a press conference followed by “NAS” (August 28, 2023), the Iranian Foreign Ministry spokesman, Nasser Kanaani, said, “Our position is clear regarding America’s behavior in the region. The American presence is absolutely illegal.”

(The “black spot” is the US in Iraq. Of course Iran does not want the US in Iraq and it doesn’t take a rocket scientist to see why. They want Iraq as a full puppet state of Iran and the US is the only obstacle preventing it.)

More news….

PARLIAMENT RULES OUT PASSING THE OIL AND GAS LAW DURING THE CURRENT LEGISLATIVE TERM

Despite the resolution of the majority of the articles of the oil and gas law, the articles related to the management of oil fields are still a point of contention between the political forces, which would delay the passage of the law during the current legislative term, according to representatives.

There are no new developments surrounding the oil and gas law that has been stalled for years, as it is still in the process of political meetings that have delayed sending it to Parliament, which is unlikely to reach the enactment of legislation during the current season.

The law that serves all oil-producing governorates in terms of wealth distributionrequires the participation of experts and specialists in the meetings around it due to its maturity, with the need to remove the political agenda from a parliamentary point of view.

(They are NOT talking about wealth distribution directly to the people. They mean distribution of oil funds to run the governments of the provinces. Get it? Stop your thinking that they are going to load some card with money for the people from oil revenues. This is will NEVER happen in Iraq.)

BY MNT GOAT

Why Investors Should Focus on High Cash Flow Stocks & ETFs, 29 AUGUST

CVX  MRO  FLOW  COWZ  VFLOFCFY

Investors believe that "cash is king" in the current environment of persistent inflation, high interest rates, and a potential economic slowdown. As a result, ETFs focused on companies that generate a substantial amount of cash have garnered significant interest from investors this year.

According to the legendary investor Warren Buffett, free cash flow—the cash remaining after a company has covered expenses, interest, taxes, and long-term investments—is the most crucial valuation metric.

Buffett favors companies that generate more cash than necessary for their operational needs. Such companies can utilize free cash flow to reduce debt, distribute the cash to investors through dividends or buybacks, or reinvest in their operations.

The Pacer U.S. Cash Cows 100 ETF (COWZ Free Report) selects 100 US companies with strong cash flows and healthy balance sheets, from the Russell 1000 index. It has over $14.4 billion in assets. Chevron ( CVX Free Report) and Marathon Oil (MRO Free Report) are its top holdings.

The VictoryShares Free Cash Flow ETF (VFLO Free Report) holds profitable large-cap companies that not only have high free cash flow yields but also favorable growth prospects.

The Global X U.S. Cash Flow Kings 100 ETF (FLOW Free Report) and the First Trust S&P 500 Diversified Free Cash Flow ETF (FCFY Free Report) are the newest entrants in the space.

To learn more about these ETFs, please watch the short video above.

https://www.zacks.com/stock/news/2142048/why-investors-should-focus-on-high-cash-flow-stocks-etfs?art_rec=blog-analyst_blog-most_read-ID02-txt-2142048



Dinar RV News Today🔥Japanese Companies Will Enter Iraq's Market💣Investme...

"SOON , WE WILL RECEIVE NOTIFICATIONS FOR REDEMPTION CENTERS" BY TEXAS SNAKE, (SPANISH & ENGLISH), 29 AUGUST

 Martes 29 Agosto 2023

04:14 A.M. Hora TEXAS USA
Texas Snake: Dice

Como solo para su información, mantenga sus teléfonos cargados y sus computadoras encendidas el próximo Miércoles 30 Agosto 2023, es posible que se publiquen noticias muy positivas sobre las notificaciones de citas.
Dios los bendiga
Saludos
Hernán
---
TRANSLATE IN ENGLISH:

Tuesday 29 August 2023 04:14 A.M. Time TEXAS USA
Texas Snake: Says
— As just for your information, keep your phones charged and your computers on next Wednesday 30 August 2023, there may be very positive news about appointment notifications.
God bless you Greetings Hernan

Vietnamese Dong Exchange Rate / vietnamese dong update / vietnamese dong...

"RV UPDATE" BY FRANK26, 29 AUGUST

 Frank26 

 1320 is not the official rate...that's just the street rate...They told you very plainly 1132 is the official exchange rate today.  I'm not saying they're using 2 exchange rates.  That's against the law.  But there's nothing against the law to have two sets of books.  The CBI website may show 1320 but IMO the economic reforms are at a different rate with permission to do so.  

 Until they say they voted then you don't have the HCL.   But...they got the HCL.  They got everything.  Everything is in a line waiting for one thing and one thing only...

Historically, this isn't opinion, it's a factual statement...we have seen bank movements...currency printed...exchange rates change...the IMF and the CBI working together and doing things in the month of April and in the month of September.  

I don't know of any other month where they have made any other type of financial moves with their budget...currency... banking structure.  All of it.  It's always been April and September. 

Iraq and Turkey collaborate to enhance trade and investment, overcoming hurdles, 29 AUGUST

Iraq and Turkey collaborate to enhance trade and investment, overcoming hurdles

Shafaq News / Iraq and Turkey reached a consensus on Tuesday to activate joint committees and signed agreements between them, with the aim of removing obstacles, increasing trade volume, and enhancing mutual investments.


According to a statement from the Iraqi Ministry of Commerce, a joint meeting was held today at the ministry's headquarters in Baghdad, involving representatives from the Ministry of Commerce, the Iraqi private sector, and the Turkish delegation.

Shafaq News / Iraq and Turkey reached a consensus on Tuesday to activate joint committees and signed agreements between them, with the aim of removing obstacles, increasing trade volume, and enhancing mutual investments.


According to a statement from the Iraqi Ministry of Commerce, a joint meeting was held today at the ministry's headquarters in Baghdad, involving representatives from the Ministry of Commerce, the Iraqi private sector, and the Turkish delegation.


https://shafaq.com/en/Economy/Iraq-and-Turkey-collaborate-to-enhance-trade-and-investment-overcoming-hurdles


Iraq ranks 65th globally for female parliamentary representation

Shafaq News / Iraq has secured the 65th position worldwide and the second position among Arab nations in terms of the highest proportion of women in parliament, according to a list compiled by CEO WORLD magazine encompassing 150 countries.

According to the magazine's report, Rwanda has emerged as the global leader with the most impressive record for women's representation in parliament, with women comprising 61.25% of the Rwandan Parliament (Chamber of Deputies).


 This milestone establishes Rwanda as the nation with the highest percentage of women in parliament worldwide. Following Rwanda is Nicaragua with the second-highest percentage of parliamentary members at 51.65%, trailed by New Zealand at 50.42%. Mexico and the United Arab Emirates both share the 50% mark, followed by Iceland at 47.62%, then Costa Rica at 47.37%, South Africa at 46.5%, Andorra at 46.43%, and Sweden at 46.42%. The list concludes with the Central African Republic at 12.86%, followed by Samoa at 12.96%, and Switzerland at 13.51%.


Within the Arab region, the United Arab Emirates occupies the top position globally with a 50% representation of women in parliament. The UAE is followed by Iraq in the second position, ranking 65th globally with a 28.88% representation of women. Egypt ranks next at 27.38%, followed by Tunisia at 26.27%, Morocco at 24.05%, Bahrain at 20%, Saudi Arabia at 19.87%, Somalia at 19.71%, and Libya at 16.47%.


https://shafaq.com/en/Iraq-News/Iraq-ranks-65th-globally-for-female-parliamentary-representation