KTFA Members "News and Views" Thursday Afternoon 8-15-19


Rommy:  TOTAL: 33 innings, 8 hours 25 minutes. The longest game in major league baseball history was a 25-inning affair on May 8, 1984 when the Chicago White Sox beat the Milwaukee Brewers, 7-6. The game lasted 8 hours and 6 minutes.

Mostly everyone watching this game knew that there was going to be an end and it would be well worth their time. In the end there was a --- WINNER!!!

Oh there were some who complained by asking "when is this going to end?"

But the smart people took much joy in what they were witnessing, and realized they got triple their money's worth as they enjoyed every play of the game with extra concessions, knowing they would never have this chance again.  

Boxman:  What does this have to do with dinar holders....lol....Perfect analogy...  


Wednesday night “Dessert” CC 8-14-19

New Playback Number  (605) 313-5153   Access Code - 319183#


Samson:  In figures .. huge financial losses for Iraq in 6 years

2019/8/15 10:08

An international organization of the United Nations revealed huge financial losses for Iraq in six years.

According to a report issued by the United Nations Development Organization (UNCTAD), "Iraq lost about $ 36 billion during the period from 2013 until the end of 2018 as a result of political instability and security and the ongoing war with ISIS and other terrorist elements." 

The report added that "Iraq lost last year 4.885 billion dollars compared to the loss of 5.032 billion dollars in 2017."  He noted that "race also lost about 6.256 billion dollars in 2016 compared to the loss of 7.574 billion dollars in 2015." 

The report promised in 2014 "the largest loss of foreign direct investment, where Iraq lost about 10.176 billion dollars, while lost 2.335 billion dollars in 2013."  He pointed to the "sharp decline of the Iraqi economy over the past years due to security and political unrest and wars in the region." LINK


Samson:  100 Iraqi companies participate in Damascus International Fair

15th August, 2019

Damascus continues its preparations for the launch of the 61st session of the Damascus International Fair with broad Arab and foreign participation, and more than 100 Iraqi trade and industrial companies participate in the exhibition.

According to the agency 'SANA' that more than 100 Iraqi industrial and commercial companies and businessman and merchant confirmed their participation in the 61st session of the Damascus International Fair

The agency quoted a number of Iraqi businessmen to emphasize the economic and trade cooperation between Syria and Iraq, said Iraqi businessman Saad al-Numan, who participated in many sessions of the exhibition that: 'Damascus International Fair unique economic phenomenon in the region, characterized by inclusiveness and sobriety'. 

He considered that the return of the sessions of the exhibition sends a message to the whole world that Syria is facing and winning with one hand and produce and innovate with the second hand

For his part, the First Vice President of the Syrian-Iraqi Business Council Sadiq al-Moussawi said that the continuation of the sessions of the Damascus International Fair despite the war is proof of the vitality of the Syrian people and their adherence to their independent national options

Al-Moussawi added that 'a wide spectrum of Iraqi public and private sectors aspires to raise the pace of economic cooperation and trade exchange between Syria and Iraq to higher levels in the framework of work for economic integration between the two countries', pointing out that 'the Iraqi market is one of the most important markets for the Syrian industrial, agricultural and medical product And cosmetic

In turn, Iraqi businessman Dr. Bassem al-Baghdadi said that the holding of the new session of the exhibition is a message for a new Syrian victory in line with the great victories achieved by the Syrian Arab Army over terrorist organizations

The two countries are preparing to open the Qaim-Albukamal border crossing, which is a vital commercial artery, while Syria is witnessing a strong return to the agricultural and industrial production sector, which requires export markets for its success and strengthening the Syrian economy

The committee of delegations and public relations in the private sector team participating in the Damascus International Fair announced yesterday the arrangement of an invitation and a visit to about 400 Arab and foreign businessmen to the next session of the Damascus International Fair scheduled to start this month   LINK

Samson:  Maysan .. the removal of a thief 600 million dinars in Basra

 2019/8/15 12:41

The Directorate of Internal Affairs in the province of Maysan, on Thursday, the arrest of a suspect who stole 600 million dinars in Basra.

A statement of the Directorate received (Euphrates News) a copy, that "the authorities arrested a defendant who stole the amount of money (600) million Iraqi dinars from banking in the province of Basra." 

He added, "We have information about the defendant [SA] required in accordance with the provisions of Article (443 / q) on charges of stealing money amount of six hundred million Iraqi dinars was formed a team of officers and employees of internal affairs in Maysan and after He was ambushed and arrested." 

"He has been handed over to the requesting party to complete the legal proceedings rightly," the statement said.   LINK

Samson:  Deputy describes the steps to fight corruption as "elementary"
15th August, 2019

A deputy from the movement of wisdom, Thursday, described the steps of anti-corruption as "initial steps", stressing that they do not rise to call it a "step", pointing out the importance of the government focus on more important joints such as auction sale of currency instead of focusing on small particles do not offer the state anything.

Mahmoud Mulla Talal said in an interview with Alsumaria News, "Our previous experience in the provinces and what has been observed today during our work in the House of Representatives, the steps of integrity and the Anti-Corruption Council in dealing with corruption are initial steps and do not rise to call it a step," noting that "one of the steps "The fight against corruption, which we believe is useless, is the issue of disclosing financial receivables, which we consider to be mere ink on paper and does not give its sponsors any benefit in the fight against corruption."

Talal added that "the information that is included in the statement of accounts receivable do not know if there are steps to audit, and if there is an increase or decrease in what is being written to Andrei if there are accounting procedures," pointing out that "such steps are useless, which made corrupt They continue to corrupt." 

Talal stressed that "there are clear steps and aspects that can be launched in the fight against an important part of corruption, namely the auction of the sale of currency and mechanisms of smuggling and the exit of money out of the country through bills, some of them in the names of the deceased before the issuance of those bills in their names." He stressed that "there are many joints of the state neglected by the state and focused on small parts where the convicted only one or two years imprisonment implemented or suspended execution without the return of stolen money."  LINK

Samson:  Expected impact after the entry of Chinese leading technology company “iPayLinks” on the Middle East market

15th August, 2019
The Middle East is rapidly establishing itself as an emerging market for cross-border e-commerce due to the proliferation of smartphones and the increasing purchasing power of consumers.

The entry of iPayLinks to the regional market is an important event that will change the rules of the economic game in the region, where the long-awaited entry of China's leading provider of remote payment services! Today, iPayLinks, which has a licensed branch in Dubai, as well as a SAGIA-licensed subsidiary in Riyadh, aims to build comprehensive payment solutions for businesses across the Middle East.

This has made the region an attractive e-commerce destination with a large and medium-sized competitor struggling to get the biggest share of this promising economic movement! MENA online sales have continued to record impressive growth over the years and the region's trade volume is expected to reach $ 26 billion by 2020.

The GCC aims to strengthen trade and investment ties with the world's second largest economy - China, following 35 years of strong diplomatic ties between the GCC and China. Today, with the latest measures, it is believed that more than 2,000 companies will benefit from bilateral relations, as Chinese Internet giants “Tencent” and “DiDi” will expand their horizons in the region.

Headquartered in Shanghai's business center, iPayLinks is expected to build a bridge between China's online payment industry and the Middle East, which will ultimately contribute to the growth of e-commerce in the region and provide convenient payment facilities.

Bin Wang, Regional Manager, said: “Today, the trend of companies in the GCC region is to deal directly with B2C in terms of e-payments. We also expect many companies to move towards cooperation among themselves as well as not only with consumers. As more and more companies are ready to move most of their payment options online, the GCC and the UAE, in particular, are at the forefront because more local businesses are adopting cross-border businesses, so iPayLinks today The strategic location to provide seamless services that enhance e-commerce across the border. "He added:" solutions and services that will be communicated will be time-sensitive and meet the regional e-commerce business requirements through cooperation with regional companies and financial institutions. "

Following the growth and challenges of Fintech startups and cross-border prosperity in the region, iPayLinks also aims to create a cross-border e-portfolio for businesses and market traders.

According to iPayLinks, this will help simplify the payment process by vendors in the region, which in turn will boost revenue and avoid additional fees.

With companies such as Tencent Group, Vision Capital, Legend Capital and many SEA funds, iPayLinks has an impressive financial network in Asia, the European Union and the United States, with more than 2,000 e-commerce merchants worldwide from different sectors such as e-retail. And OTAs and virtual content, with iPayLinks comprehensive payment solutions services.  LINK


Rommy:  Yep!!!  Iraqi citizens are ready to shock the world when they make a quantum international technology leap!

McDan:  Also in Franks opinion by what I remember China will help raise the value of the Iraq Dinar through Trade a while back .  Thank another True statement from the past

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