Samson: UK Ambassador: “An Extremely Good Time to be Working in Iraq”
4th July, 2019
A major petroleum conference in London has been told that more than 200 British companies now operating in Iraq, and those numbers are increasing.
Addressing more than 300 delegates at CWC‘s Iraq Petroleum conference, British Ambassador Jonathan Wilks CMG said:
“The UK and Iraq are becoming increasingly strong business partners and education partners, and London is becoming as it once was, the second home for many Iraqis. The number of Iraqis visiting the UK is increasing, so if you hear of difficulties getting, visas this is exaggerated.”
Looking to the current climate in Iraq, Ambassador Wilks added:
“I am more than glass-half-full; the positives in Iraq right now, the dynamics, the sustainability of security improvements and economic improvements are really the best we have seen for many many years.
“We now have the best [Iraqi] government that we’ve had since 2003 … This is an extremely good time to be working in Iraq.“ LINK
Samson: Oil prices fell 0.1% from yesterday
The price of crude oil fell on Friday as concerns over the outlook for the global economy surged on rising tension in the Middle East, which could disrupt supply routes and raise prices.
Brent crude fell 0.1 percent to $ 63.25 a barrel after closing 0.8 percent lower on Thursday.
US WTI crude was not better than its predecessor, dropping 1.1% to $ 56.72 a barrel by 0310 GMT.
There was no settlement price on Thursday because of the US Independence Day holiday. LINK
Alison: Oh...Boo Hoo! Maybe you guys should do what YOU promised to international investors who attended that Kuwait conference!!! Toilet paper currency does not deserve international support. Here's a radical idea...join the Int'l community. Do what you promised and raise your rate!
Samson: Parliamentary Finance: Iraq has not received any money from the Kuwait Conference
5th July, 2019
Iraq has not received any sums announced at the Kuwait conference for the reconstruction of areas affected by terrorism in Iraq, the parliamentary finance committee said Friday, noting that the conference was a lie to shed the ashes in the eyes.
"The Kuwait conference for the reconstruction of the affected areas is what is the worst of the ashes in the eyes and a very big lie, and Iraq has spent a lot of money delegations to the conference," saidHaneen al-Qado, a member of the committee .
He added that "Iraq has not received any funds through this conference, especially after the promises received by Iraq from the participants, with regard to the process of reconstruction and investment in areas affected by terrorism, and therefore there is nothing positive about this conference."
He explained that "Iraq must move away from borrowing, in order not to mortgage the future of generations debt, as international borrowing is one of the big mistakes, because of the benefits they will receive from Iraq, especially with regard to oil, depriving the country of firing grades function in accordance with the terms of the International Monetary Fund" He said. LINK
Don961: Gutierrez: Iraq Has Paid 48.3 Billion Dollars In Compensation To Kuwait So Far
- July 4, 2019
UN Secretary-General Antonio Guterich said Wednesday in the semi-annual report of the UN Security Council that the total amount Iraq has paid to Kuwait has so far reached 48 billion and 300 million dollars.
Since my previous report, the Compensation Commission has paid two quarterly installments to Kuwait, the first of $ 100 million on January 18, 2019 and the second $ 240 million on April 23, 2019." Guterich said in his report.
After the payment of these payments, the total compensation paid by the Committee so far is 48.3 billion dollars, and thus remain about $ 4.1 billion, should be paid to Kuwait to settle the last remaining claim."
"Based on the current revenue levels of the Fund, the Commission is still going to pay the unpaid claim in 2021, which will end its mandate.
UN Secretary-General António Guterich said Wednesday in the semi-annual report of the UN Security Council that the total amount Iraq has paid to Kuwait so far link
Samson: Al-Masoudi: Iraq needs 120 billion dollars to pay off its internal and external debts
4th July, 2019
The deputy of the Alliance of Riyadh al-Masoudi, on Thursday, that Iraq needs to close the 120 billion dollars to pay off its internal and external, pointing out that the parliament voted not to borrow Iraq any amounts during 2019.
"The absence of a clear strategy has made Iraq dependent on oil in financing the public budget, which has achieved significant revenues in light of the high oil prices to $ 120 a barrel, the government to move towards non-productive projects, which was corrupted by corruption," Masoudi said in a statement.
He added that "the direction of the government in the past period towards the employment of 350 thousand citizens at once, made Iraq is a balance of operation by 70% for small amounts allocated to investment projects, and therefore the country faced a big problem when oil prices drop."
"The size of debt owed by the citizen amounted to one year 18 trillion dinars, as well as that Iraq loses annually $ 6 billion due to corruption at the border crossings, as well as the loss of the country $ 500 million of communications revenues, which is supposed to arrive Revenue to 10 billion dollars."
He explained that "the size of Iraq's debt abroad is close to 70 billion dollars, while the internal debt of 50 billion dollars, and therefore Iraq owed debt of up to 120 billion dollars, prompting the parliament to vote on non-borrowing in 2019." LINK
Samson: How much time does Iraq need to pay off its external debt?
4th July, 2019
Between the deputy of the Alliance of Saudon Riyad Mohammed Ali, on Friday, that Iraq needs (5-7) years to pay the motto of external debt, stressing the importance of exploiting the development of non-oil revenues in order to revive Iraq economically.
"The government started the process of paying the debts of Iraq through the exploitation of the surplus of the supplementary budget to be paid to the international bodies that lent money to Iraq," Ali said in a statement .
He added that "Iraq and in order to pay full debt will need (5-7) years to repay external debt provided the stability of oil prices at the current level and the completion of high-level investment projects and the development of non-oil revenues of the government, while reducing the operating budget."
He explained that "the failure to launch any degree of functional during the current budget and before, does not relate to the subject of debt owed by Iraq , as the country does not need to degrees functional."
He pointed out that "Iraq with its debt of up to 120 billion dollars, as that debt was distributed internally and externally, in addition to the debts owed by the citizen reached in one of the years to 18 trillion dinars." LINK
Samson: Trump prepares Americans to install their knowledge on Mars
5th July, 2019
US President Donald Trump said on Friday that US astronauts would visit the moon again soon, and then head to Mars, where their first task would be to install the American flag.
Trump's statement came during a speech in downtown Washington during the American Independence Day.
"Nearly 50 years ago, in July 1969, astronauts landed for the first time on the moon and installed the American flag there," Trump said.
"The United States will not stand here, we will go to Mars to put another flag of the United States there and we will organize periodic flights to that planet," he said. "We will return to the Moon very soon, and we will soon install the American flag on Mars," concluded Trump. LINK