Zig’s Place Chatroom News Sunday AM 1-23-22

Zig’s Place Chatroom News Sunday AM 1-23-22

Zig: Welcome to zig's place, a chat room for dinar speculators and others....discuss any topic that you wish here

Butterfly   OMG the sky opened and dumped a lot of snow. I've been out clearing off her deck and the vehicles. Someone will be here soon to do the hard work. My fingers are warming up.

butterfly   Al-Rafidain Reveals The Most Important Investment Projects Whose Debts Have Been Paid In Full

Economic  Last Update 01/23/2022 | 9:35 AM  Al-Rafidain Bank revealed, on Sunday, the investment projects that were funded, granted the necessary loans, and paid their full amounts.

And the bank’s media office stated in a statement that “the information” received, a copy of it, that “there are investment projects for which financial loans have been provided by the bank for the purpose of establishing and rehabilitating residential complexes, commercial centers and other service projects, and collecting the amounts of those loans and others. Work and follow-up are still continuing in terms of commitment. within the specified time for payment.

The statement added that "the projects are (Cairo Mall, Babil Land Housing Complex, Akad Mall, Durrat Karbala Residential Complex, and Al-Massa Residential Complex)."

He pointed out that "the bank continues to support financial funds for investors and companies wishing to work in the market in order to strengthen the national economy and create job opportunities to eliminate unemployment and move the wheel of construction and reconstruction in the country." https://almaalomah.me/2022/01/23/578108/

butterfly   Deputy: The Next Government Will Not Be Able To Open Appointments Without Taking This Step

Economic  Last Update 01/23/2022 | 10:16 AM   Member of Parliament Jamal Cougar confirmed, on Sunday, that the next government will not be able to proceed like its predecessors by opening appointments, unless it undertakes real reforms, while the Federal Court ruling next Tuesday will determine whether there is a government and a budget in the near future.

Cougar said in a statement reported by "Al-Sabah" newspaper, which was seen by "The Information", that "the ruling of the Federal Court next Tuesday will determine whether there is a government and a budget in the near future, or not," adding that "the result will show the features of the coming period, and the nature of the circumstances that will transpire." To it is the process of forming the cabinet.”

Cougar blamed the federal decision to draw the next political stage, if the form of the next government is participatory and consensual, or with the logic of the majority and opposition.

He added that "the next government, for example, will not be able to proceed like its predecessors by opening appointments, unless it undertakes real reforms," ​​noting that "opening appointments depends on the Federal Service Council doing its work according to correct mechanisms."

Cougar explained that "no government in the world can absorb all these graduates, and there is no solution to create job opportunities except by activating the private sector and supporting factories, factories and agriculture." https://almaalomah.me/2022/01/23/578109/

Gerry  Good morning to everyone. Hope you all have a good day.👍

butterfly   Chinese Shipping Companies Achieve Unprecedented Revenues And Reward Their Employees With Large Sums

Economic  Last Update 01/22/22 | 9:33 PM

Asian shipping companies are offering huge bonuses to employees, amid a boom in freight rates, with China's state-owned giant Cosco Shipping Holdings Inc. disbursing bonuses of up to 60% of managers' annual salary, according to Caixin Global.

Caichen, citing company employees, said Cosco is among the shipping companies handing out huge year-end bonuses to workers. Other shippers also offer generous bonuses. A worker at Taiwan's Evergreen Marine Corp received a year-end bonus, nearly 40 times his monthly salary, according to the daily.

Asian shipping lines saw revenue rise thanks to record freight rates, as the pandemic caused major disruptions to the global supply chain. Rising consumer demand combined with lockdowns and border closures has led to a global shortage of freight capacity and delays at ports.

Cosco's profit jumped 1,651% to 67.6 billion yuan ($10.7 billion) in the first three quarters of 2021, according to the company's disclosure.

The spot price for a 40-foot container to the United States from Asia topped $20,000 last year, including surcharges, compared to less than $2,000 a few years ago. https://almaalomah.me/2022/01/22/578086/

butterfly   Hey Gerry welcome aboard the dinar train.

Gerry  butterfly Thank you.

butterfly   Saudi Arabia emphasizes expanding investment and trade relations with Iraq

2022-01-23 07:26   Saudi Arabia emphasizes expanding investment and trade relations with IraqShafaq News/ The Saudi Minister of Commerce, Chairman of the Saudi-Iraqi Coordination Council, Majid Al-Qasabi, confirmed on Sunday that the council seeks to remove everything that opposes encouraging investment and obstructing businessmen to expand horizons of cooperation between the two countries.

Al-Qasabi said in a statement to the Saudi News Agency, followed by Shafak News Agency, on the occasion of the Saudi-Iraqi Business Forum in Riyadh, that the Saudi-Iraqi Coordination Council seeks to remove all obstacles to encourage investment, provide an opportunity for businessmen to learn about the advantages of the commercial and investment sectors, and adopt effective means that contribute In developing border areas and stimulating promising investment opportunities.

And he indicated that the Saudi-Iraqi relations, in light of the careful follow-up by the leadership of the two countries, “are at their best and are witnessing a growth worthy of the history that unites them and the future that awaits them.”

He pointed out that the Saudi-Iraqi Coordination Council “enhances communication at the strategic level, deepens mutual political trust, and opens new horizons of cooperation in various fields, including economic, development, security, investment, tourism, cultural, media and others.”

butterfly   Al-Qasabi pointed out to “the strength of relations between the Kingdom of Saudi Arabia and the Iraqi Republic, and that the interests of the two brotherly countries and peoples are one, united by historical ties, kinship ties, neighborhood, blood and a common destiny.”

He explained that “the leadership of the two brotherly countries is keen to strengthen relations in various fields, invest all capabilities and provide and develop opportunities for the benefit of the two brotherly countries and peoples.”

It is noteworthy that the volume of trade exchange between the Kingdom and Iraq amounted to 17.7 billion riyals during the past five years, and among the most prominent joint projects between the two countries is cooperation in the sectors and activities of energy, petrochemical industries, transportation, logistics, irrigation systems, agricultural equipment, food industry, contracting sector and real estate development. shafaq.com

Butterfly   The Sadrist bloc: We will win the presidency with “comfort” with our Kurdish and Sunni partners

2022-01-23 06:58   The Sadrist bloc - We will win the presidency with comfort with our Kurdish and Sunni partnersShafaq News/ An informed source in the Sadrist bloc confirmed, on Saturday, that strategic alliances with Sunni and Kurdish partners are able to win the three presidencies and pass them comfortably, noting that the announcement of the formation of the new government will be soon if the Kurds agree on the candidate for the presidency.

The source told Shafaq News Agency, “The Sadrist bloc and its partners possess the required number of votes needed to form the government, and the political movement for its formation is proceeding in full swing, and as soon as the Kurdish forces agree on their candidate for the presidency, we will be very close to announcing the nomination of the candidate to head the government and its formation.”

He explained that “the Federal Court will issue a logical decision commensurate with the data presented to it, and therefore its decisions will be decisive, as all of this will not affect our strategic alliances with partners who support the program of a national majority government.”

He added, “Also, the issue of forming a government is progressing in full swing, and that the Sadrist bloc, being the largest because it has the largest number of parliamentary seats, has the right to nominate or put forward a candidate for prime minister, and thus the ball remains within the Sadrist bloc’s arena regarding that.”

butterfly   The source added that “there are political parties trying to play the role of mediator to revive the Shiite house again, but this will not happen unless all the political forces affiliated with the strategic framework secure the government program that it seeks to implement to bring about a legislative revolution that guarantees the activation of service and investment projects that achieve the interests of Iraqis exclusively, as well as Advancement of economic and health aspects, as previous parliamentary sessions were almost suspended for these bills.

He added that “the pivotal point of contention between the Sadrist bloc and the coordination framework lies in the mechanism for naming the prime minister, as the framework seeks to be consensual, while the Sadrist bloc insists that he be a candidate for a national majority government, not consensual.”

He pointed out that “the movement between the partners is proceeding smoothly and that once the Kurdish brothers agree on their candidate for the presidency, the process of forming the government will be completed after the Sadrist bloc’s candidate for prime minister has been proposed, and all the procedures in this have been completed and there is little change in the presidency of Parliament and its belongings, as we can say in a more precise sense that Announcing the final formation of the Iraqi government is just around the corner.”

The court had postponed the deciding session on the legitimacy of the election of the presidency of the House of Representatives, to the twenty-fifth of this month.

And the court decided to stop the work of the Presidency of the House of Representatives elected in the first session of the House of Representatives until two lawsuits regarding the legality of the session are resolved.

The decision comes after two lawsuits filed by MP Basem Khashan and his colleague Mahmoud Daoud regarding the first session and its “illegality”.   shafaq.com

butterfly   Iraqi Dinar/US Dollar auction results for Monday 1-24-2022 executed today 1-23-2022

25k Iraqi Dinar notesThe results of the foreign currency sale window Monday 24/1/2022

Announcement No. (4573)   Sale date – Monday 01/24/2022 the details   Amount

Total sales for the purposes of strengthening balances abroad (remittances, credits)  173,589,091

Total cash sale  51,220,000     total total sales  224,809,091

Note that: The selling price of the amounts transferred to bank accounts abroad is ( 1460 ) dinars per dollar.

The cash sale price is ( 1460 ) dinars per dollar.   cbi.iq/currency_auction/view/1200

butterfly   OK.............here is what we have been looking for folks..........OMG.........this is good news for them and us..................... Al-Fatlawi: The 2022 Budget Will Not Be Passed Until The Dollar Is Returned To Its Old Price

01/23/2022 – 10:03 AM   Al-Fatlawi - The 2022 Budget Will Not Be Passed Until The Dollar Is Returned To Its Old PriceA Member Of The Coordination Framework, Ali Al-Fatlawi, Confirmed Today, Sunday, That The Draft Budget Law For The Year 2022 Will Not Be Passed Until After An Important Condition Is Met.

Al-Fatlawi Said In A Press Interview Followed By Al-Ahed News, “The Coordinating Framework, Through Its Presence In The Iraqi Parliament, Will Work To Restore The Dollar Exchange Rate To Its Old Price, And Otherwise, It Will Not Allow The Passage Of The 2022 Budget Bill Until After This Condition Is Achieved. The Important”.

Al-Fatlawi Added, “There Is No Current Justification For The Dollar’s ​​Exchange Rate To Remain In Its New Form, Especially With The Significant Rise In Oil Prices, And Raising The Dollar’s ​​Exchange Rate Has Greatly Affected The Lives Of Citizens, As It Raised Prices In The Market, And Contributed Significantly To Increasing The Poverty Rate, Which Is Why We Are Serious About Restoring The Price To Its Previous Position.”  alahadnews.net

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