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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    Kuwait: our relationship with Iraq are based on the principle of «profit» «loss»

    wciappetta
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    Post by wciappetta Sat Dec 22, 2012 8:03 am

    First topic message reminder :

    Kuwait: our relationship with Iraq are based on the principle of «profit» «loss»

    Read more: http://translate.googleusercontent.com/translate_c?depth=2&hl=en&ie=UTF8&langpair=ar%7Cen&oe=UTF8&prev=/language_tools&rurl=translate.google.com&twu=1&u=http://www.sotaliraq.com/mobile-news.php%3Fid%3D81399&usg=ALkJrhgR-vFjEZxbApUq-xV_WOlcGDPK9w#ixzz2FmSyjKeo

    22-12-2012 | (Voice of Iraq) - Kuwait: our relationship with Iraq are based on the principle of «profit» «loss» - Page 3 Comment Add a comment -

    BAGHDAD - morning
    Signed Iraq and Kuwait definitive agreement to drop lawsuits and
    judgments about Iraqi Airways for financial compensation of half a
    billion dollars. Comes at a time confirmed the State of Kuwait to its
    relations with Iraq has become based on the principle »Profit Profit»
    after it was based on the «loss loss».

    The agreement was signed by the Iraqi side Advisor to the Minister of
    Transport for aviation Kifah Hassan Jabbar and the Kuwaiti side chairman
    of Kuwait Airways Corporation Sami half.

    Said Jabbar in a press statement: he «a historic day not only in trade
    relations between the two institutions Aeriktin but in bilateral
    relations and the two brotherly peoples». Considered «the agreement and
    the signing of which was the day a good omen and a practical step Avenue
    express goodwill and sincere will to restore relations between the two
    countries earlier outdated.


    He continued: «signed today a serious step to achieve the goals we seek
    Khaben», adding that «both Iraq and Kuwait had their insistence on a
    settlement of this dispute and resolve it once and even launch and
    return of relations between the two countries to better than it was».
    Turn, the official said Kuwait after the signing ceremony: «Everyone
    knows that there are many issues still outstanding between the two
    sides, including the issue of financial compensation to Kuwait Airways
    by the Iraqi government.

    The «months ago there was a will by the Emir of Kuwait Sabah Al-Ahmad
    Al to reach agreement in the amount of $ 500 million in exchange for
    dropping lawsuits.
    He also pointed out that he had already signed a preliminary agreement
    between the Ministers of Transport of Iraq and Kuwait, as it has been
    mandated «Kuwaiti» to negotiate a final solution to the issue,
    explaining that he had been invited to the brothers from Iraq to visit
    Kuwait, where there was a record of a road map before the meeting in
    London in order to reach a final agreement ends to go to the courts to
    drop lawsuits.

    Half said «this is what was signed today, including determining the
    duration-mid January next Iraqi government to pay the amount agreed upon
    with banks approved for Kuwait's budget goes to Kuwait and then to
    withdraw the case from the courts.


    He explained that the previous agreement was based on the amount to be
    paid in two stages 300 and $ 200 million is that the brothers in Iraq
    and after the visit, negotiation and agreed to pay $ 500 million to end
    the case.

    Half stressed that «Today's agreement is the beginning of a historic
    relationship between the two countries, where otherwise there is a
    genuine desire on the level with political leaderships and peoples turn
    the page on the past.


    He added by saying: «it is not reasonable to visit Kuwait all over the
    world and the world does not visit Iraq, which borders the country of
    civilization and the holy places and the same thing for the Iraqis that
    goes east and west of the trade and for other purposes not visit open
    country like Kuwait.

    The half that «the relations between the two countries based on the
    principle became (profit profit) when you try to do (loss loss) over
    more than 20 years, and that the two parties are pushing lot of money to
    law firms in charge of those issues and do not get little or rare.
    He also expressed hope that this agreement applies to all areas,
    especially in the outstanding issues with Iraq as border markers and
    compensation for farmers and oil fields, adding that «what drives by the
    two countries on these issues is usually larger than it is different.

    He also expressed the hope that it will return the relationship with
    Iraq to what it was during the 400 years which combines countries links
    descent, religion, Arabism, pointing out that «a lot of young Kuwaiti
    and Iraqi believed that the relationship between the two countries has
    always been based on tension and discord».

    It is said that Foreign Minister Hoshyar Zebari sent a letter to Deputy
    Prime Minister and Foreign Minister of Kuwait Sabah Al-Khaled Al-Sabah
    written message on the bilateral relations between the two brotherly
    countries and ways of strengthening them.


    In the meantime, well-informed sources said Bri Center for the Iraqi
    Media Network for near direct flights between Iraq and Kuwait.
    The sources said: «Iraqi Airways will conduct the first flight soon from Baghdad to Kuwait International Airport.


    Read more: http://translate.googleusercontent.com/translate_c?depth=2&hl=en&ie=UTF8&langpair=ar%7Cen&oe=UTF8&prev=/language_tools&rurl=translate.google.com&twu=1&u=http://www.sotaliraq.com/mobile-news.php%3Fid%3D81399&usg=ALkJrhgR-vFjEZxbApUq-xV_WOlcGDPK9w#ixzz2FmT9b7MO


    onecinful1
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    Post by onecinful1 Thu Jan 10, 2013 12:02 am

    GWT54 wrote:Seems like the same old carp year after year! Closer but never here. JMHO

    Don't get all choked up on all that "whipped cream" LOL,,, SG report from Dec and UNAMI SR report from Nov should be a major clue ,, always watch the "program rate" since Iraq continues to be under one year after year, next IMF meeting feb 24th 2013, that my friend will be another clue,,,
    Cross-Eyed Mary
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    Post by Cross-Eyed Mary Thu Jan 10, 2013 1:23 am

    duck2000 wrote:sounds like r/v time to me ! ❤
    REALLY DUCK????? WHEN? .....You know, you could build your muscles picking strawberries. You know, bend and scoop... like the Mexicans. Maybe I could get you a job with United Fruit. I got a buddy with United Fruit. Get you started. Start with strawberries, you might work your way up to these damn BANANAS! When, boy? When...are you going to get your act together? Now, listen! Don't walk away from me when I'm talking to you! You get a damn job before sundown, or we're shipping you off to military school with that damn Finkelstein kid! SON OF A...... LOL........ just stick to fishig Duck your better at convencing fish to bite at your hook an anyone eles, but I got to say your always a good time.



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    Post by Screwball Thu Jan 10, 2013 4:46 am

    onecinful1 wrote:

    Don't get all choked up on all that "whipped cream" LOL,,, SG report from Dec and UNAMI SR report from Nov should be a major clue ,, always watch the "program rate" since Iraq continues to be under one year after year, next IMF meeting feb 24th 2013, that my friend will be another clue,,,

    yes once I see that article posted re: exchange rate chnages by feb 23 and standby agreement loan being extended for this purpose I now look towards Feb 23! watching for agreements and vote by unsc! lets see whio rules?

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    Post by Pinoy10 Thu Jan 10, 2013 6:33 am

    I think.... If Iraq is not removed from Chapter VII by Feb 23rd, then the Standby agreement will be extended againnnn....and then of course no rate change againnnnnn. And then we wait longer againnnnn... until the next UN meeting is scheduled ......and which we have to see how long the Standby agreement is extended againnn......but I am hoping that really it is over with by Feb 23rd....and the rate does change finally and we will all be happy. :shock: :shock: :shock:
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    Post by wciappetta Thu Jan 10, 2013 8:11 am

    The standby agreement amounts to a credit line. To my point the 2010 standby agreement press statement concluded the following:

    The authorities intend to treat the new Stand-by Arrangement as precautionary should oil prices
    turn out to be significantly higher than envisaged, or investment execution be lower than
    budgeted.

    http://www.imf.org/external/np/sec/pr/2010/pr1060.htm

    This is not any sort of limitation or monetary constraint.

    A standby agreement is a credit line insurance policy, by definition:

    An agreement between the issuer of a security and its underwriters stating that the underwriters are responsible for any unsold portion of the issue. That is, the underwriters agree to buy the remainder of a new issue if they are unable to place its entirety with investors. This transfers the risk of the unsold portion of the issue from the issuer to the underwriters. This guarantees that the issuer will raise the capital it intends to raise, but leaves the underwriters with the possibility that they must purchase an issue with low value. As a result, underwriters charge a standby fee for a standby agreement. It is also called firm commitment underwriting or a backstopped deal.

    A credit line on your home lets you use the money as you will. It doesn't limit you to buying the Volkswagen when you wanted the Porsche instead ....


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    Post by Screwball Thu Jan 10, 2013 8:16 am

    yep nice! but there is a post that said standby agreement was extended to feb 23 to enable iraq to make exchnage rate change or chnage to policy!
    duck2000
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    Post by duck2000 Thu Jan 10, 2013 8:19 am

    wciappetta wrote:The standby agreement amounts to a credit line. To my point the 2010 standby agreement press statement concluded the following:

    The authorities intend to treat the new Stand-by Arrangement as precautionary should oil prices
    turn out to be significantly higher than envisaged, or investment execution be lower than
    budgeted.

    http://www.imf.org/external/np/sec/pr/2010/pr1060.htm

    This is not any sort of limitation or monetary constraint.

    A standby agreement is a credit line insurance policy, by definition:

    An agreement between the issuer of a security and its underwriters stating that the underwriters are responsible for any unsold portion of the issue. That is, the underwriters agree to buy the remainder of a new issue if they are unable to place its entirety with investors. This transfers the risk of the unsold portion of the issue from the issuer to the underwriters. This guarantees that the issuer will raise the capital it intends to raise, but leaves the underwriters with the possibility that they must purchase an issue with low value. As a result, underwriters charge a standby fee for a standby agreement. It is also called firm commitment underwriting or a backstopped deal.

    A credit line on your home lets you use the money as you will. It doesn't limit you to buying the Volkswagen when you wanted the Porsche instead ....
    yes and ALL countries need a credit line ! hence our borrowing from china and japan!
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    Post by Screwball Thu Jan 10, 2013 8:22 am

    http://translate.google.ca/translate?hl=en&sl=ar&u=http://www.dananernews.com/News_Details.php%3FID%3D1450&prev=/search%3Fq%3Dhttp://www.dananernews.com/News_Details.php%253FID%253D1450%26hl%3Den%26tbo%3Dd%26biw%3D1030%26bih%3D514&sa=X&ei=mpfkUO_6CtHbqQHn3YHIBQ&sqi=2&ved=0CDUQ7gEwAA






    JD/Baghdad/...The International Monetary Fund said on arrival at an agreement with Iraq in which their loan was extended seven months until 23 February 2013 to allow the Iraqi Government to implement a series of measures in the country's exchange rate system.
    The IMF's statement that "changes the agreement which expired on 23 July last was at the request of the Iraqi Government."
    "The total funding available to Iraq is about 1.96 billion dollars.
    The Executive Board of the International Monetary Fund had agreed on 24 February 2010 at the standby credit agreement for a period of two years worth of 38, 2 billion special drawing rights "about 58, 3 billion dollars and approved the extended for five months until June 2012 with the exchange adjustment at switch in funding needs. The total resources currently available to Iraq under the agreement to the equivalent of 24, 1307 million special drawing rights "about 96, 1 billion dollars".
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    Post by Screwball Thu Jan 10, 2013 8:23 am

    all I am saying is interesting date to watch and see what happens!
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    Post by wciappetta Thu Jan 10, 2013 8:28 am

    Screwball wrote:yep nice! but there is a post that said standby agreement was extended to feb 23 to enable iraq to make exchnage rate change or chnage to policy!



    Still
    precautionary, a fallback if needed, it's simply due diligence...I
    guess what I mean is it will not prevent them or hold them back from making a move... I understand what you mean about watching the date yet I do not think the expiring date of the agreement carries much weight in our quest ...JMO


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