News, Rumors and Humor Thursday Night 1-28-2021
KTFA:
Samson: Iraq chairs the meeting of the strategic dialogue committee of the foreign ministries of the Gulf states
01/28/2021 19:04:32
The Senior Undersecretary of the Ministry Nizar Al-Khair Allah chaired, Thursday, the meeting of the Strategic Dialogue Committee of the Foreign Ministries of the Gulf.
The Undersecretary of the Ministry stated in a statement that Al-Furat News received a copy of it, that "in the presence of representatives of the concerned Iraqi authorities, the strategic dialogue committee met through visual communication technology in the Ministry of Foreign Affairs building between senior officials in the Ministry of Foreign Affairs of Iraq and the ministries of the Gulf Cooperation Council states, and the Link Authority. Gulf Electric Power (GCCIA)," pointing out that "the senior officials of the foreign ministries of the Gulf Cooperation Council states are headed by Ambassador Waheed Mubarak Sayyar, Undersecretary of the Ministry of Foreign Affairs of the Kingdom of Bahrain for Regional Affairs."
He added, "During the meeting, regional and international issues were reviewed, the strategic dialogue plan between the Republic of Iraq and the Gulf Cooperation Council was discussed, the joint committee between the two sides was activated, and the framework contract for the electrical interconnection network was followed up."
He added, "The activation of the outcomes of the Kuwait International Conference for the Reconstruction of Iraq was discussed, and the formation of working groups in all government sectors for both sides to implement the strategic action plan." LINK
TNT:
Tishwash: Iraq invests its money "externally" in giant projects, banks and companies: billions of dollars enter the treasury by "copying an Arab plan"!
There are successive proposals to push for the transfer of global experiences surrounding Iraq in several economic fields to avoid such a financial crisis that occurred for months and continues to this day.
Yasser Saeed - a student with a BA in financial and banking sciences, wrote to him on the Iraqi Economists Network website on Facebook: It is the small state of Qatar in area and population, and very large in the world of business and money, so what is the reason for Qatar’s success and overcoming the blockade crisis without suffering ?, indicating that the most important reasons are Simply it is the "Qatar Investment Authority".
Added: The beginning; In 2005, the Qatari government issued a decision to establish a "Qatar Investment Authority", which is a sovereign wealth fund, to manage surplus oil and gas, and to invest surplus funds in domestic and foreign investment.
He continued, "Locally, the agency is the largest investor in the Doha Stock Exchange, Qatar National Bank and the Urdu Communications Company, which operates in 12 countries around the world. Externally, the agency plays a vital role in foreign investment. In Britain, Qatar invests $ 45 billion." This includes investment in the Shard skyscraper in London and owns stakes in Royal Dutch Shell Energy and retailer Sainsbury's. The agency owns a 5.9 percent stake in the British Barclays Bank, which is one of the largest local banks in Britain.
He explained: The device also acquires 20% of the British Heathrow Airport, which is one of the largest airports in the world, in addition to the ownership of one mile square. Known as Canary Wharf, the icon of large banks and companies in the heart of London, as well as other investments in Britain.
He pointed out that in Switzerland, Qatar acquires the “Burgenberg” hotel, which is considered one of the architectural masterpieces in the capital, Geneva. In Germany, Qatar owns 10% of the shares of the Porsche Automobile Company. In France, the agency owns the "Paris Saint-Germain" club, which consists of a Qatari presidency.
In the United States of America, Qatar's investments in the American economy amount to 100 billion dollars distributed in the fields of finance, real estate, the health sector, information technology and other arts, and it seeks to increase another 45 billion dollars during the coming period.
He pointed out that just as the agency acquires 25% of St. Petersburg airport, as well as other investments in Russia, as for Asia, Qatar may export half of its gas exports to Hong Kong, Taiwan, South Korea, Japan and China.
It recently bought 10% of the Istanbul Stock Exchange, and also owns 79% of the Turkish Banvit Poultry Company.
The agency’s assets amount to 338 billion dollars and it is the ninth largest in the world. The Qatari economy does not depend on the energy sector only, as the non-oil sectors represent 61% of the total state revenues.
And he said: In this simple review, it shows the extent of the diversity of Qatari investments that gave them a great global name without them, no one would have been able to find Qatar on the map, and this is evidence of its strength, either for a country like Iraq that should benefit from this Qatari experience.
Global organizations' expectations indicate an increase in demand for oil this year, as the Corona virus is expected to recede due to the emergence of the vaccine, which will revive global markets.
Oil prices are expected to rise and the Iraqi market will recover, as surplus funds are invested as a country does
Saeed said: Qatar and other countries can strengthen the Iraqi budget, so that Iraq avoids every year the problem of financial deficit in the budget.
Saeed added: Investment can enhance the status of the Iraqi individual between countries, as international relations cannot be built through official telegrams and diplomatic visits only, as well as the establishment of the fund and its management under qualified people. This fund could be an important tributary for the balance with oil exports, which is the umbilical cord. For the Iraqi people. link
The Truth Behind GameStop, Robinhood, Reddit, WallStreetBets,Citadel, Melvin Capital,Yellen, Saga
The Atlantis Report: Jan 28, 2021
In early January, GameStop was trading around $18. By close yesterday, it had reached $374. An intense buzz has formed in the stock ,thanks to a discussion on the Reddit forum Wall Street Bets, further enhanced by dominant coverage in the media.
At least one hedge fund, Melvin Capital, that was shorting GameStop , got utterly crushed.
Today GameStop plummets 64%, as Robinhood restricted trading. Robinhood App decided to block retail investors from purchasing stock while hedge funds are freely able to trade the stock as they see fit.
After yesterday's wild ride with GameStop, Nokia, Blackberry, and others surging this morning; Robinhood limited these too and other active names like AMC to only closing out positions, not new purchases.
Other brokerages apart from Robinhood are doing the same. Interactive Brokers is limiting options in these names to just closing positions and requiring 100% margin for long stock positions on these names – and 300% margin on short positions.
More than half of all Robinhood users own at least some GameStop stock. They are now unable to freely trade it; the app is only allowing users to close out their positions. There certainly is collusion beyond Robinhood; why are investors not able to buy these stocks? I mean, why would I bother investing if the market is open to manipulation by those in charge the moment they are cornered?
Manipulated the market only allowing retail investors to sell. The only way the retail investors win is if they keep buying, but they crushed that ability.
This is not a free market. The real fix is to require Wall Street trades to be held for six months after purchase. Day trading, along with derivatives, etc., should be moved to Las Vegas and out of the market as the gambling they are. This is a crime.
The brokerage firms, like Robinhood and others, that unilaterally shut down trading are conspirators in a scheme to defraud investors. Citadel made threats to them; they pulled the plug. Bigger things are happening behind the scene.
GameStop Short Sell Firm Citadel Paid Treasury Secretary Janet Yellen Millions of Dollars. Yellen has made over $7 million from speaking at Wall Street firms, including Citadel – which has invested billions of dollars in the primary hedge fund, now suffering as a result of the GameStop stock surge.
For the full transcript go to https://financearmageddon.blogspot.com
Three Surgeons