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Samson: Human rights in Basra calls for the signing of service projects with leading international companies

12th August 2019

The Human Rights Commission in Basra on Monday called for the signing of service projects with leading international companies.

“We congratulate Iraq in general and Basra and its people, especially by Eid al-Adha,” said a statement from the UNHCR office received by tomorrow. “We also call for signing strategic projects with the world’s most prestigious companies.”

He added, “These projects are the construction of giant plants for the production of electricity and water and projects to purify the Shattha soil and air from pollutants, which add to the wealth of wealth and restore this city to its former green city safe for life, it was and still give Iraq security and life.”   LINK


Samson:  Oil is falling and Brent crude is at $ 58.40 a barrel    LINK

BillA:  So oil prices are falling and a sudden surge in US inventories. IMO the pressure is being applied! Iraq is being told to make sure you get it done this time or there will be no budget surplus.


Samson:  Parliamentary finance reveals a shocking deficit in the 2020 budget

2019/8/12 12:16

A member of the parliamentary Finance Committee, Ahmed Haji Rashid, that the budget will turn to the biggest dilemma in Iraq, especially with talk of a large deficit in the budget next year.

Rashid said in a press statement, “The Committee on the preparation of the budget strategy for fiscal year 2020, estimated the expected deficit of about 72 trillion dinars, while the annual revenue in Iraq ranging from 60 to 70 trillion dinars.”

According to the available information, the value of the allocations for the operational budget (salaries) will reach 48 trillion dinars next year compared to 36 trillion dinars in previous years, and Iraq must pay debts of 19 trillion dinars, while the costs of oil exploration and extraction to 20 trillion dinars, along with 11 trillion dinars for the pension fund.” 

He noted that the budget year 2019 included the development of 6,500 degree of functional movement Saraya peace, and financial allocations of 28 thousand element in the popular crowd.   LINK

Don961:  Bahraini newspaper highlights corruption of some parties .. 50 million dollars a month

Sunday 11 August 2019

Baghdad – Writings

Some $ 50 million is earned by some powerful political parties in Iraq every month from drug trafficking, gambling and prostitution.

Controversial statements quoted by a Bahraini newspaper quoted the independent Iraqi MP Faiq Sheikh Ali in its issue on Sunday, August 11, 2019, in which he stressed that these parties use gambling halls to promote drugs and exploitation of women and profiteering behind them.

It is noteworthy that the Iraqi MP linked the decision to ban the import and sale of alcohol years ago and the scheme of dumping Iraq with drugs by what he described as “some actors in the political scene.”

The statements came after a series of criticisms directed at the government of Prime Minister Adel Abdul-Mahdi and accused of failing to combat the spread of drugs, and then carried out security campaigns led by elements of the National Security in coordination with a group of Popular Mobilization to storm roulette and gambling halls in major hotels in the capital Baghdad .

However, the Bahraini newspaper said that the fears of the Iraqi street are still continuing, especially as those who have been arrested in connection with armed factions and political figures in Iraq, Haji Hamza, which led her to say that the confrontation with the major drug dealers and prostitution will not continue.   link


Samson:  World Gold: Iraq fifth Arab and 38 globally the largest gold reserves

12th August, 2019

The World Gold Council said on Monday that Iraq has maintained its fifth position in the Arab world and 38 globally with the largest gold reserves, indicating that five countries account for more than half of the global gold reserves.

The Council said in a statistical published on its website during the month of August and seen by Alsumaria News, ” Iraq maintained its fifth position in the Arab world, and came after each of Saudi Arabia, Lebanon, Algeria and Libya,” noting that “the last purchase of gold from Iraq was in September From 2018 and by 6.5 tons.”

The Council added that “Iraq has also maintained its 38th position globally with the largest gold reserves out of 100 countries included in the international financial statistics of global gold reserves, where these reserves amounted to 96.3 tons, representing 6.7% of the rest of its currencies.”

He continued, “Five countries (destinations) have acquired the world’s largest reserves of gold, namely the United States, Germany , the International Monetary Fund, Italy and France , where the reserves of these countries amounted to 19.648 tons out of 34.076 tons for 100 countries included in international financial statistics.” He pointed out that “the United States ranked first with these reserves by 8.133 tons.”

The UK-based World Gold Council (WGC) has extensive experience and knowledge of the drivers of market change and its members are among the world’s largest and most advanced gold mining companies.   LINK

Samson:  The largest US banks are threatened by recession due to the dispute with China

12th August, 2019

Goldman Sachs says there is growing concern that a trade war between the United States and China could lead to a recession and that the bank no longer expects a trade deal between the world’s two largest economies before the US presidential election in 2020.

The bank said in a note sent to its customers: “We expect tariffs to target the rest of US imports from China, which amounted to $ 300 billion.”

US President Donald Trump announced on August 1 that he would impose a 10 percent tariff on a final batch of $ 300 billion in Chinese imports on September 1, prompting China to stop buying US agricultural products. .

The United States also announced that China was manipulating the currency. China denies manipulating the yuan for competitive gains. The trade dispute revolves around issues such as tariffs, subsidies, technology, intellectual property and cybersecurity, among others.

Goldman Sachs said it would cut its forecast for US growth in the fourth quarter by 20 basis points to 1.8 percent in a larger-than-expected impact of developments in trade tensions.   LINK

Don961:   say what now ?????? ..LOL.

Parliamentary launches “foul wind” and the President adjourns the session!

Sweeteners 08/09/2019 20:44 Baghdad Today _ Continue

A heated debate has stalled in a regional parliament in Kenya over market stalls.

Julius Gaia, a member of the Huma Bay County Parliament, said: “Mr. Chairman, distinguished Council, one of us polluted the air, and I know who did it.”

But the member accused of firing the wind replied: “I am not responsible for it, and I cannot do it in front of my colleagues.”

Parliament Speaker Edwin Kakash instructed members to leave the room and take a break in the hope of purifying the air during the break.

Local media said Kakash had asked officials to bring the air freshener.

“We can’t sit in such an unpleasant smell.”

“It took a while until an air freshener was found and the smell was diminished,” Kenyan media said.   link

Popeye7:  LOL…..The taco truck that has been parking near their parliament building during lunch hour may have to find a new establishment to patron… That was hilarious Don… Thanks for bringing it…

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