Category: Iraqi Dinar

Stevel talks budget.

SteveI In Topic: “Mass Hakim talking about an opportunity to approve the 2014 budget” Budget, Budget, Budget. I really like the fact of the urgency and how they are responding to it. Many great things are happening behind the scenes. Go Iraq!!

 

Tlar points out that the heat is on

Tlar Article: “Newspaper close to Iran, al-Maliki confirms intention to resign” The heat is all out on him with the Iraqi political system calling for his resignation. Iran is calling for his resignation along with every country around Iraq, plus Europe and the US and Australia. When you throw in al-Sistanis warning to come out totally against him if he doesn’t resign in now 5 days, he is in deep trouble. Maliki has become toxic…It is my belief he will resign and then run or he will just run. He can’t stay in Iraq or he will face some very serious charges.

 

Zain Iraq Revenues Unfrozen

Kuwait’s Zain Group has announced that an Iraqi court has lifted a freeze on future revenue of Zain Iraq.

But the company added that previously frozen revenues remain blocked, after a $4.5 billion lawsuit against the Iraqi firm was dismissed this month.

In April, we reported that Zain was being sued for $4.5 billion over its 2007 acquisition of Iraqi telecom operator Iraqna for $1.2 billion from Egypt’s Orascom Telecom.

The company issued the following statement:

Zain Group advises that it has notified the Kuwait Capital Markets Authority (CMA) of the following:

In regard to the announcement made by Zain Group to the CMA on April 20, 2014 of lawsuits filed against Atheer Telecom (“Zain Iraq”) in Iraq by another telecommunication company operating in Iraq, Zain Group wishes to further advise the following:

  1. Regarding the first lawsuit, claim No. 1312 / B / 2013, the Court of First Instance in Iraq issued a judgment in the case on July 9, 2014 dismissing the case of the plaintiff company against both the Communications and Media Commission of Iraq (CMC) and Zain Iraq. It should be noted that this judgment is subject to appeal within fifteen days from the date of judgment.
  2. Regarding the second lawsuit, which pertains to the blocking of a certain amount of funds generated by Zain Iraq that are required to be held by a court-appointed legal administrator in an Iraqi Bank, as a consequence of the dismissal of claim No. 1312 / B / 2013 and the fact that there is no longer a legal justification for the blocking of such funds, Zain Iraq applied to have these restrictions removed. In a decision issued on Sunday, July 13, 2014, the court decided to suspend all activities of the administrator and to cease blocking any future funds until the claim in case No. 1312/B/2013 becomes final and not subject to appeal.

Zain Group remains committed to providing all stakeholders with further updates on any activities related to these lawsuits as they occur.

State of Law: Maliki only has the right to choose his replacement as prime minister

Baghdad / Iraq News Network:   confirmed a coalition of state law, Wednesday, that the president of a coalition of state law, Nuri al-Maliki only has the right to choose his replacement as prime minister, and on his shoulder the responsibility for the nomination of the most efficient of the cluster for this position. Said Coalition MP Samira al-Moussawi said in a statement today “The task of choosing the alternative of state law for submission to the National Alliance to form a government rests with the head of a coalition of state law, Nuri al-Maliki, the outgoing.” and added, “The issue of alternative Maliki discussed by the leaders of the National Alliance did not tell us one name alternative until now,” indicating that “the person who will agree it should be regaining national consensus as called for by reference.” She continued, al-Moussawi said the “National Alliance asked us to provide a candidate non-Maliki to form a government as our coalition won the highest percentage of the vote,” asserting that “it is the responsibility of al-Maliki only choose candidate designee nor the validity of the members of the state of law in that. “It is said that the Iraqi parliament has chosen on Tuesday, Salim al-President of the Parliament, and chose Haider Abadi, deputy First, Aram Sheikh Mohammed as second deputy, all of whom spare no absolute majority (half +1) of the House of Representatives.

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Budget, Budget, Budget

SteveI:   Article – “Budget laws that will be most prominent for approval in the new parliament”

There is no doubt in my mind that there will be some (few) adjustments for the 2014-2015 federal budget. But for them to drag this out, no, that will not happen. Our sources have told us this is first on the list. Budget and HCL will be passed together. Then you know the rest of the story.

So do not go and get bummed out over misleading articles like this.

Budget laws that will be most prominent for approval in the new parliament

Khandan – Ali Naji revealed coalition citizen, for the budget bill for fiscal 2014 of the most prominent projects proposed to be put forward for approval by the new parliament.

MP said the citizen Faleh applicable in a statement to “Khandan” that “the financial budget of the most important laws before the the agenda of the new council, “explaining,” When is thrown financial budget will be read again as reading first. ”

and continued in effect that “reading the budget requires sending amendments from the federal government to the House of Representatives or a book containing make transfers between the doors of the budget,” stressing that “there is a possibility to approve the financial budget for the year 2014 in the House of Representatives before the end of the year. ”

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The I.Q.D. Team Connection~~Conf Call TONIGHT Thus  July 17~~~8PM~Latest Iraq Dinar RV Election News~~Its All Good

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U.S. Media Prediction?

wmawhite: The Washington Post: Maliki will announce his resignation and will support an independent candidate to succeed him! Date: Wed, 16/07/2014 According to the Washington Post, quoting media sources, especially by Iraqi Prime Minister Nuri al-Maliki will announce his resignation within days, indicating he would support an independent candidate to succeed him.

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