News, Rumors and Opinions Late Sun.PM/ Early Mon. AM
TNT:
JeanieP: good morning all. All the wind is out of my sails. Feeling depressed since we got nothing. I have been in this for 6 years and feel tired of being disappointed. Does anyone have any words of encouragement?
Alf: all I can say to you is that you're not alone here going crazy and being disappointed
FullSail: WE are in the right place, at the right time, with the right people, for the right reasons. TOO many variables from many directions along with not having ANY control over this other than our own efforts of being prepared, flexible, organized, level headed in mind & heart, keeping Faithful... Will prevail.
PamD: For the discouraged....remember that Iraq cannot stay at that imposed rate forever. Gosh- they have mobile banking now!! We have seen SO much progress!! Their revaluation can’t be far!
Fullsail: The Wind is Behind Us, we are under FullSail towards our goals, we have no control over the weather nor the winds, Our Rudder is Steady & True. Faith is Believing in things Unseen.
We are near our end in this Marathon. If you are holding foreign currency no matter when you acquired it, you have already done the heavy lifting, we simply wait for the finish line to appear & cross it successfully. Marathon winners focus on the finish line and Not any obstacles along the way. We are ALL already winners here. Stay the course.
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KTFA:
Don961: {Market Research}: We seek to protect the national product and reduce import
Monday 30 September 2019
Baghdad / Suha Sheikhly
Safe consumption
Al-Bayati said that "the workshop came up with a set of recommendations calling for awareness of the Iraqi consumer, and the need to rely on the national product for consumption
He pointed out that "through workshops, seminars and intensive meetings that we conduct based on the results of our surveys, we find that the citizen is finding a national product safer for health of the importer and that this product within the standards of quality control." In the face of the entry of any poor product to Iraq, "pointing out that" Iraq consumes 8 billion eggs a year at a time when we find our national product is a million eggs
Al-Bayati called for "activating the work of a single window that will stand in the face of corruption, because directing the work of staff from all departments would attract more investments to Country. " LINK
Doodlebug: Huh? What is that you said...."SINGLE WINDOW"? hmmm...isn't this interesting. You mean you are going to ACTIVATE something that best SERVES the needs of citizens and businesses?!? You mean, like the WIDELY used term "International Trade Single Window?!? Come on, I know you want to say it....!
Rommy: For sure, the man behind the curtain can no longer hide. Toto blew his cover a long time ago.
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JAY: Here is the ISX article I think we are all looking for. It was brought in by News Hound JJ. Thanks
Iraq Stock Market Report
26th July 2019 in Investment
Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 26th July 2019).
Please click here to download a table of listed companies and their associated ticker codes.
The RSISX index ended the week at IQD649 (+0.4%) / $698 (+0.4%) (weekly change) (-1.6%and -1.7% YTD change, respectively). The number of week traded shares was 6.5 bn and the weekly trading volume was IQD8.0 bn ($6.6 mn).
ISX Company Announcements
Iraqi Company for Deposit Guarantee made an invitation with the offered shares for the public subscription. The Company’s capital is IQD100 bn. Shareholders contribute in the company’s capital by IQD55 bn, with IQD1.00 value per share. 25% of these shares are from governmental banks, while 30% of the capital is paid by commercial banks and foreign banks as well as National Pension Authority and National Insurance Company. As for the rest of the 45%, it will be available for the public with IQD1.00 per share. Place of subscription will be Al-Rasheed Bank, Industrial Bank of Iraq and Development Bank. Subscription period is no less than 30 days and no more than 60 days. Subscription period starts Jul. 21, 2019 and ends after 30 days. The minimum amount of subscription is IQD500 mn for the public and IQD750 mn for Islamic banks and financial investment companies as well as insurance companies. On the other hand, the maximum amount of subscription is IQD15 bn for the public and IQD10 bn for Islamic banks, financial investment companies and insurance companies. (ISX)
The Iraqi Stock Exchange (ISX) announced on Thursday (Jul. 18) the signing of a new agreement with the US stock exchange on the technology of trading and deposit securities. “Nasdaq and the ISX have signed a new agreement to expand their technology relationships for the next five years starting in October 2019,” Taha Ahmed Abdul Salam, chief executive of Nasdaq Stock Market said. “Nasdaq will continue License, support and maintain ISX systems and upgrade the technology of trading and securities deposit (CSD) for the next five years,” he added. (Alsumaria)
ISX will suspend trading of Tourist Village of Mosul dam (HTVM) starting Aug. 20, 2019 due to the AGM that will be held on Aug. 24, 2019 to discuss and approve 2015, 2016, 2017 and 2018 annual financial results.
Ishtar Hotel (HISH) will resume trading on Jul. 28, 2019 due to disclosing its 2017 annual financial results and 3M19 financial results.
Al-Mosul for Funfairs (SMOF) resumed trading on Jul. 24, 2019 after discussing and approving 2018 annual financial results and deciding to distribute 100% cash dividend (IQD1.00 dividend per share, 7.5% dividend yield).
ISX suspended trading of Gulf Commercial Bank (BGUC) starting Jul. 23, 2019 due to the AGM that will be held on Jul. 27, 2019 to discuss and approve 2018 annual financial results.
ISX requested Bank of Baghdad (BBOB) on Jul, 23, 2019 to disclose its AGM minutes for the AGM that was held on Jul. 20, 2019.
Credit Bank of Iraq (BROI) resumed trading on Jul. 22, 2019 after discussing and approving 2018 annual financial results and deciding to distribute 2% cash dividend (IQD0.02 dividend per share, 5.1% dividend yield).
Cross transactions: 4.5 bn shares of Al Taif Islamic Bank for Investment & Finance (BTIB) on Jul. 24, 2019, which represents 4.5% of BTIB’s capital. 250 mn shares of Cihan Bank for Islamic and Finance (BCIH) on Jul. 24, 2019, which represents 0.1% of BCIH’s capital.
http://www.iraq-businessnews.c.....eport-294/
OlLar: Actually that's good to see ,they left the actual launching to sometime in October and not October 1 necessarily. So it's still a good possibility the Rate needs to change first, let's hope so!
McDan: This is what Shabibi said, Many Years ago the value will be controled By Market Economy. . IMO
Minister of Finance confirms the beginning of the transformation of economic policy to a market economy
By AhadNA4 29/09/2019 08:56 PM
Ahd News - Baghdad
Finance Minister Fouad Hussein said on Sunday that the memorandums of understanding signed by the Iraqi delegation with the Chinese side during his visit to China will be under the umbrella of oil for projects and modern technology.
Hussein said, according to a statement received by his office, "Al-Ahd News," a copy of it, during his participation in the Rafidain Forum for Dialogue, "The work has already begun to change economic policy and transition to a market economy, LINK
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Home Sales Drop To 2010 Levels In The Bay Area Along With Home Prices Across Southern CA
Sep 30, 2019
In focus is Homes sales for the Bay area had a steep decline. We also see home prices fell as demand has slowed throughout 2019. The Bay Area wasnt the only downturn in California We see all across southern CA home prices have seen pressure. The bad news is this has been one of the hottest housing markets this side of the great recession. We see a new trend as a result of California's affordable housing crisis.... shared living. people are paying $1,000 for a bunk bed in a shared living pods designed as a single shared living quarters. While $1,000 may seem like a lot for just a bunk compared to the price of a 1 bedroom apartment it doesn't sound as bad. The problem is $1,000 isn't affordable housing.
RV/INTELLIGENCE ALERT - September 30, 2019
(Disclaimer: The following is an overview of the current situation of the world based on intelligence received from several sources which may or may not be accurate or truthful.)
The International Monetary Fund named Bulgarian economist Kristalina Georgieva as the new Chief.
https://www.bbc.com/news/business-49833220
The old guard is being switched out with the new guard to achieve compliance with the GESARA agenda.
In other news, the Deep State Cabal continues to use and manipulate left-leaning individuals to acquire funding.
https://www.redstate.com/nick-arama/2019/09/27/you-knew-it-was-coming-check-out-the-whistleblowers-gofundme.../
Also, Ron Paul stated that the Federal Reserve needs to be audited and ended.
http://humansarefree.com/2019/09/ron-paul-federal-reserve-needs-to-be.html
The Federal Reserve was never granted the authority under the constitution to create a central bank.
It is clear that the Federal Reserve will soon be audited which is expected to occur after the return of the gold standard.
The return of the gold standard will bring in new Republic Treasury notes also known as United States Notes (USN).
The gold standard will return after the US Dollar drops which is expected after the Dollar Index surpasses 100 points.
However, the Dollar Index surpassing 100 points will not directly cause the USD to drop, rather it is an indicator.
Specific economic events will occur after the Dollar Index surpasses 100 points which will result in the USD taking a 50% drop.
Meanwhile, 10 million Iraqi's are expected to demonstrate on Tuesday calling for financial reform.
According to sources, the Iraqi Dinar may be the first currency to officially revalue.
→ Download Report
Source: Operation Disclosure