News, Rumors and Opinions Sunday 1-17-2021
KTFA:
Samson: Source: Demonstrations are expected in front of Al-Rafidain branches to demand the release of the predecessors
01/17/2021 15:53:10
An informed source revealed preparations being made by employees to go out in demonstrations in front of the Rafidain Bank branches in Baghdad and the provinces to demand the release of the advances.
The source indicated to {Euphrates News} that "Al-Rafidain Bank refuses to grant advances to employees after it was suspended for nearly five months for unknown reasons. LINK
Samson:: Industry: A joint cooperation between Iraq and Jordan to establish the Economic City
17th January, 2021
On Sunday, the Ministry of Industry stated that there is joint cooperation with the Jordanian side to establish the largest industrial city (the Economic City), which will contribute to providing 100,000 job opportunities, while it has reached advanced stages in establishing the Basra Industrial City.
The director of the Ministry of Industrial Estates Authority, Eng. Hamed Awad Muhammad, said in an interview with Al-Sabah newspaper, followed by Al-Eqtisad News, that industrial cities are among the vital projects to boost the country's economy and achieve great feasibility by reducing the percentage of unemployed in the governorates, in addition to providing local products and limiting imports. Random.
He pointed out that there is joint cooperation between Iraq and Jordan to establish the largest and most important industrial project, which is the (Economic City), which has an area of 4,800 dunums, and contains two free and development zones as well as an industrial city, which contributes to providing more than 100,000 job opportunities for both sides, as approvals were obtained and a decision was issued.
From the Council of Ministers No. 75 of 2019 to allocate a parcel of land on the border equally between the two countries, and cooperation took place with the Jordanian company to study the technical and economic feasibility of the project after determining its requirements and appraisal costs, and it will be implemented with a joint administration, and facilities are provided to the private industries of the two countries.
Muhammad added that the staff of the General Company for Designs implemented the industrial city in Basra, and it is considered one of the most important and successful cities because it is distinguished by an important location in Khor Al-Zubair and the road leading to the port of Umm Qasr and near the General Company for Petrochemical Industries. 173 dunums and it contains 69 industrial divisions, and each section represents an industrial project served by the infrastructure, and work is underway to obtain the original approvals to add 95 dunums to the project's land through deferred payment through offering for investment to foreign, Arab and local companies, so that the total area of the project becomes 268 dunums.
He explained that the authority has reached the final stage by acquiring the industrial city in Basra, and its area will add additional divisions (industrial projects) in excellent numbers, with the readiness of its services in the first area of it, and it will provide nearly 20,000 job opportunities for the people of the province through industrial projects (food, engineering) (Chemical, constructional, textile), and it will raise the economic level of the people of the governorate, as well as its location near the sea port, and it is also a factor that attracts all industrial investments.
He added that the city includes the administration building, the main gate, and infrastructure services. Electrical station card (24) MW, all warehouses and plant water and power lines and plant water treatment of rain and sewage, has a cost of 50 billion dinars, he underlined the attention of the Prime Minister and Minister of Industry in the industrial cities as very successful experiences in neighboring countries and the possibility of transfer on the land of reality.
He pointed to the mobilization of all the engineering staff in the authority and sending them to the governorates to obtain the fundamental approvals for the allocation of lands in order to establish industrial cities in all provinces except for the Kurdistan region, and fundamentalist measures were taken by approaching the local governments in the governorates and sectoral departments to obtain preliminary approvals to determine the areas and sites that are being selected According to the determinants and factors of success. LINK
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Courtesy of Dinar Guru
MilitiaMan Article: "On Saturday, the House of Representatives ended discussion of the budget bill for 2021." Quote: "determining the price of a barrel of oil and currency exchange in the budget law are the government's prerogatives, indicating that The implementation of the budget law requires reducing the volume of total spending and activating the private sector, both industrial and agricultural," ...Activating the private sector. That my friends is imo going to a market economy, whereby, activating the industrial and agricultural sectors to create jobs. The real exchange rate will do the trick...
Brace Yourself! Jim Rickards on Gold and the Fed | Must Watch
Jan 16, 2021
Best-selling author Jim Rickards talks about a great escape from the U.S. dollar in 2021 and a massive influx of money that will flow into gold and bitcoin. "People are getting in gold and bitcoin because they want to get out of the dollar," the Currency Wars author tells our Daniela Cambone as part of the Outlook series. Rickards also talks his new book, The Great New Depression, and how the first quarter of 2021 will be marked with a recession.