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 Mountain Goat 10/3/18

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PostSubject: Mountain Goat 10/3/18   Wed Oct 03, 2018 9:11 am

October 3, 2018 Mnt Goat News Brief

Hi Everyone,

I bring you much news today.

So I told everyone in my past newsletters that come this next constitutional deadline of Oct 2nd the flood gates would probably open wide with news and this election saga would wind down.

So yesterday October 2nd, we witnessed finally the election of the new president and he announced his candidate for prime minister minutes after these formalities were over based on the provisions of Article 76 Constitution. Now this candidate has to go before the parliament to be ratified and this should be more of formality than anything else.

This week could get interesting… 

More news….

UPDATE ON THE ONGING ELECTION SAGA

So this is the details of what took place yesterday Oct 2nd in the parliament.

The House of Representatives, was elected on Tuesday evening, Barham Ahmed Saleh President of the Republic, replacing Fuad Masum.

Saleh assigned the candidate Adel Abdul Mahdi to form a government and he will have 30 days to form a government and submitted to Parliament for approval.

Then on Baghdad: Al-Furat News, Adel Abdul Mahdi congratulated the outgoing Prime Minister, Haider Abadi and his name was submitted to have the talks of forming a government.

Abadi said, according to a statement of his office received the agency {Euphrates News} a copy of him, addressing Abdul Mahdi, “Congratulations on the occasion of your task to form a new government and wish you success in its formation and choose who is best to fill the government positions to provide the best services to citizens, asking the Almighty to take the hands of the people of Iraq and its people Preserving its security and well-being. ”




(Mnt Goat – I hope this is true and they finally finish this saga)

About Adil Abdul-Mahdi:

A colorful 76-year-old Francophone economist and onetime Maoist is also a perennial prime ministerial candidate and remains viable, according to several analysts. In the 15 years since the downfall of Saddam, he has served as minister of finance and oil, and as a vice president. Liked by Americans and Iranians, he is also friendly with the Dawa Party, though he is associated more strongly with the rival Shiite faction led by Ammar Hakim, which won only 19 seats in parliament. Given the current mood, he might be considered too much of an insider to satisfy public demands for fresh blood.

More news….

Douglas Silliman‏, the US ambassador to Iraq congratulated Mahdi and wished him the best of success to as he starts to form the new government of Iraq. The USA will work with the future PM to help his government meet the needs and aspirations of all the people of Iraq.

(Mnt Goat – So it appears that the USA does accept and will support this new prime minister Mahdi. This is very good for us…)

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Formal Articles are below. Due to FACEBOOK limitations they do not print my RED colored fonts or italics, so my comments are in brackets ( ) throughout the articles. I will preface my comments with “Mnt Goat” so you know I am jumping in with observations. Also, I separated the articles with asterisks.

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Articles Begin

BIOGRAPHY OF THE NEW PRESIDENT OF THE REPUBLIC: BARHAM AHMED SALEH

Baghdad: al-Furat News) The candidate of the Patriotic Union of Kurdistan Barham Saleh, on Tuesday, the post of President after the withdrawal of his rival candidate for the Kurdistan Democratic Party Fuad Hussein in the second round.

The following is the biography of the new President of the Republic:

Barham Ahmed Saleh, an Iraqi Kurdish politician born in 1960 in the city of Sulaymaniyah, was the head of the Kurdistan Regional Government twice, married with a boy and a girl.

Barham Ahmed Saleh was born in 1960 in the city of Sulaymaniyah in Iraqi Kurdistan. He was arrested twice by the Ba’ath Party regime on charges of belonging to the Kurdish Liberation Movement and spent 43 days in security detention camps where he was subjected to torture. He passed the preparatory examinations in the prison and graduated with distinction, obtaining the first rank in Kurdistan and the third in Iraq at the rate of 96.5% To complete his studies after his release.

With his political activism and preoccupation with the cause of his people, he completed his undergraduate studies in civil engineering from Cardiff University in 1983 and then a doctorate in statistics and computer engineering applications from the University of Liverpool in 1987. He also worked as an engineering consultant in a consulting firm United kingdom.

He joined the ranks of the Patriotic Union of Kurdistan (PUK) in late 1976 and became a member of the European organizations and was responsible for the Union’s foreign relations office in London. He was elected to the leadership of the Union at the first party conference in 1992. He was assigned the task of managing the PUK office in the United States of America. He was also the representative of the first government in the Kurdistan region of the United States of America. Has played a prominent role in the definition of the cause of the Kurds and the suffering of the Iraqi people in the circles and corridors of decision-making.

He served as President of the Kurdistan Regional Government for the period from January 2001 to mid-2004. After the fall of the Baath Party in Iraq, he served as Deputy Prime Minister of the Interim Iraqi Government in 2004, then Minister of Planning in the Interim Iraqi Government in 2005 and Deputy Prime Minister In the first elected government in 2006, where he assumed the task of economic file as head of the Economic Committee.

The Iraqi government launched the initiative of the International Compact with Iraq, which was a charter of mutual commitments between Iraq and the international community aimed at helping Iraq to improve the security, political, economic and social sectors and help Iraq to get rid of the dusty debts caused by the policies of the former regime.

He founded the American University of Iraq – Sulaymaniyah and currently serves as the Chairman of its Board of Trustees.

It is a meeting of the Trustees of the Iraqi Forum, which is a democratic meeting of Iraqi national and cultural figures and dignitaries from the spectrum of Iraqi society. The forum includes a promising organization and a project to support outstanding students in Iraqi universities in Baghdad, southern Iraq and Kurdistan.

Nominated by the Kurdish leadership as the head of the Kurdistan List, which won the legislative elections in the Kurdistan region in 2009 and was commissioned to form the sixth portfolio of the Kurdistan Regional Government, where he took the post of head of the territorial government since October 2009 to 2011. He has adopted an ambitious program and initiatives since taking office The Prime Minister aims to promote development, prosperity and the advancement of services, education, health and reconstruction. Among these initiatives is the launch of a fellowship program for students in the region to study in the world’s leading universities, support the Housing Fund, And increase the salaries of the families of martyrs and Anfal and the legal organization of the work of civil society organizations and others.

In 2014 nominated with Dr. Fuad Masum by his party to fill the post of President of the Republic of Iraq, but he was excluded in the election conducted between them by the members of the Kurdistan bloc in the Iraqi Council of Representatives to be Dr. Fuad Masum is the only candidate for the bloc and later elected in the Iraqi Council of Representatives President of the Republic Until now .

Barham Ahmed Saleh enjoys extensive Kurdish, Iraqi, regional and international relations as a moderate politician and open to all political trends in the country.

Nominated by the Kurdish leadership as the head of the Kurdistan List, which won the legislative elections in the Kurdistan region in 2009 and was commissioned to form the sixth portfolio of the Kurdistan Regional Government, where he took the post of head of the territorial government since October 2009 to 2011. He has adopted an ambitious program and initiatives since taking office The Prime Minister aims to promote development, prosperity and the advancement of services, education, health and reconstruction. Among these initiatives is the launch of a fellowship program for students in the region to study in the world’s leading universities, support the Housing Fund, And increase the salaries of the families of martyrs and Anfal and the legal organization of the work of civil society organizations and others.

In 2014 nominated with Dr. Fuad Masum by his party to fill the post of President of the Republic of Iraq, but he was excluded in the election conducted between them by the members of the Kurdistan bloc in the Iraqi Council of Representatives to be Dr. Fuad Masum is the only candidate for the bloc and later elected in the Iraqi Council of Representatives President of the Republic Until now .

Barham Ahmed Saleh enjoys extensive Kurdish, Iraqi, regional and international relations as a moderate politician and open to all political trends in the country.

And has a network of core relations with the media and cultural media, and

has many activities in the political forums, cultural and economic world.

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SOUROUN: TALK ABOUT THE CANDIDATE OF THE LARGEST BLOC WILL BE AFTER THE ELECTION OF THE PRESIDENT OF THE REPUBLIC

Special – Mawazin News – The alliance of the Sadrists led by Muqtada al-Sadr, on Sunday, that talk about the candidate of the Prime Minister will be after the election of the President of the Republic, while he pointed out that the Kurdish agreement awaits the candidate for the presidency.

“We are waiting for the agreement of the Kurds on their candidate for the presidency of the republic and we hope that they will calm down on a national figure acceptable to all and put it in tomorrow’s session,” spokesman for the Sawson Hamdallah Rikabi told Mawazine News.

On the candidate of the bloc for prime minister, Rikabi said, “After the election of the President of the Republic there will be talk on this matter.”

It is noteworthy that the reconstruction and reconstruction coalition led by Sarun announced that the largest bloc number, in conjunction with the announcement of the construction alliance led by the conquest of the largest bloc.

(Mnt Goat – this all happened so fast on Tuesday. This article came out late on Monday night and by the end of the day on Tuesday the election saga was over. For once they actually did something on time? So this article may seem out of place but this is what they said just prior to taking the vote.)

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IRAQI TV REPORTED LATE TUESDAY IRAQ’S NEW PRESIDENT HAS TASKED VETERAN SHIITE POLITICIAN ADEL ABDUL-MAHDI WITH FORMING A NEW GOVERNMENT

BAGHDAD (AP) — Iraq’s new president has tasked veteran Shiite politician Adel Abdul-Mahdi with forming a new government nearly five months after national elections were held, state TV reported late Tuesday.

Abdul-Mahdi is an independent who previously served as vice president, oil minister and finance minister. He is not allied with either of the two Shiite-led blocs that each claim to have the most support after May’s elections, in which no party won an outright majority. He was previously a member of the Supreme Islamic Iraqi Council, a large Shiite party with close ties to Iran.

He was tasked with forming a new government by Barham Salih, a Kurdish politician who was elected to the largely ceremonial role of president in a parliamentary vote earlier Tuesday.

Under an unofficial agreement dating back to the 2003 U.S.-led invasion, Iraq’s presidency — a largely ceremonial role — is held by a Kurd, WHILE THE PRIME MINISTER IS SHIITE AND THE PARLIAMENT SPEAKER IS SUNNI.

The prime minister-designate will have 30 days to submit his cabinet to parliament. Iraq held elections May 12.

State TV said Salih, of the Patriotic Union of Kurdistan, won 220 votes out of the 273 lawmakers who attended Tuesday’s session. He was among 20 candidates for the post, including one from the rival Kurdistan Democratic Party. The two parties have dominated Kurdish politics for decades.

Shiite lawmaker Hamid al-Moussawi said the lawmakers were supposed to vote Monday, but delayed the session for nearly 24 hours after the KDP and the PUK were unable to agree on a candidate. The parliament speaker eventually decided to hold a vote among all 20 nominees.

The KDP’s nominee was Fuad Hussein, who served as chief of staff for the former Kurdish regional president Masoud Barzani.

Born in 1960 in the northern city of Sulaimaniyah, Salih joined the PUK in 1976 and later worked in its foreign relations department in London. He studied at Cardiff University and the University of Liverpool.

He held various posts in the Iraqi government after the 2003 invasion, including planning minister and deputy prime minister, and from 2009 to 2011 he served as prime minister of the Kurdish region.

Last year, he broke away from PUK following the death of the party’s founder, Jalal Talabani, a former Iraqi president. Salih formed an opposition party, but returned to the PUK to be its nominee for president.

Two Shiite-led blocs have emerged since the May elections, both of which claim to have the most seats and therefore the right to form a government. One is led by the current prime minister, Haider al-Abadi, and includes supporters of the populist Shiite cleric Muqtada al-Sadr, whose followers won the most votes in the election. The other bloc includes state-sanctioned militias, many of which are backed by Iran, as well as former Prime Minister Nouri al-Maliki.

The various political factions had been mired in negotiations and horse-trading for months.

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MID 2018 ARTICLE

GOVERNOR OF THE CENTRAL BANK OF IRAQ: WE PLAN TO DELETE ZEROS FROM THE LOCAL CURRENCY

Roudao – Erbil – The governor of the Central Bank, Ali Alaak, on Monday, the existence of a plan to delete zeros from the local currency, noting that “this plan needs to deliberate steps, so as not to be exploited in the fraud.”

Al-Alak said in a statement to the official Sabah newspaper that “currencies with small categories, may lead the citizen to bid farewell to banks in the difficulty of storage.”

He added that “the central bank has a future plan to restructure the Iraqi currency, including the deletion of zeros, but this plan needs to deliberate steps, and a stable situation in order not to be exploited in the work of fraud and others.”

He explained that “the Central Bank has a reserve of foreign currency very comfortable, approaching close to $ 60 billion, compared to 43 trillion dinars, which means that it covers 170 percent of the size of the mass of cash.”

On the launch of the currency of the category of 100 thousand dinars, the central bank governor pointed out that “these ideas are traded by the Central Bank, but at the present time regret it.”

The central bank introduced in April a project to delete three zeros from the currency, in order to confront inflation and stimulate the economy, but was forced to stop because of the deterioration of the security and political situation in the country “to prevent manipulation and fraud of weak souls.”

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AL-HANAL: THE TIME IS RIGHT TO LAUNCH THE JD TRILLION INITIATIVE

Economy News Baghdad – The President of the Association of Iraqi private banks, Wadih al-Hanal, on Wednesday, that THE TIME IS APPROPRIATE to activate the initiative of the Central Bank of “trillion dinars” for the support of small and medium enterprises.

Al-Hantal said in his speech during the workshop “one-trillion-dollar initiative to support small and medium enterprises” held in the city of Erbil and attended by “economy News”, THE REASON FOR NON-ACTIVATION OF THE INITIATIVE AT THE TIME OF LAUNCH DUE TO THE EXISTENCE OF A WINDOW SELLING THE CURRENCY, WHICH BANKS WERE MAKING PROFITS FROM IT, “When the interest rate was set at 4% to lend to the market there was another source of profit, the window of the currency, but the recent profits ended is left to banks only lending .”

He pointed out that “banks lend from their deposits at a greater interest or Murabaha greater than 4% so when it comes to the initiative of the Central Bank, which is determined by 4% do not use it, because it has funds and can lend.

(Mnt Goat -So can the make more money from loaning money than they can from the currency auction spread?)

The head of the Association of Iraqi Private Banks, suggested reconsidering the interest rate and leaving the market is to determine the interest rate and the recent competition will be between banks .

Al-Hanalal thanked the Kurdistan Bank for sponsoring the initiative of the trillion dollar initiative and stressed the encouragement of the Association of Iraqi Private Banks for such activities IN THE COMING STAGES .

(Mnt Goat – the timing of this news could not get any better. This is part of the “deliberate steps” the CBI is talking about in the article above when they delayed the project to delete the zeros in April.

We can now witness also the STABILITY of the government has come and this election saga is finally over. What will the CBI now do? Will they decide to continue the project to delete the zeros and pick up where they left off in April? I believe they will.

We know that this initiative in this article is part of the Level 3 redenomination process. So this is VERY good news for us. This initiative will coincide with getting off the currency auctions which is nothing more than sucking mother’s tit for easy bank profits in the spread to convert dinar to Us dollars. I guess sometimes its hard to wean them off this easy money. This too is one of the issues in supporting the go ahead by the CBI to let the project to delete the zeros get into full swing. Can they now do it. Are the conditions now just right?)

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ASSESSMENT OF OPPORTUNITIES IN IRAQ, AN UNTAPPED MARKET, 2018

Dublin, Oct. 02, 2018 (GLOBE NEWSWIRE) -- The "Assessment of Opportunities in Iraq, an Untapped Market, 2018

With a population of nearly 40 million, Iraq is also emerging as one of the top consumer markets in the Middle East that primarily depends on imports. This recent study, Iraq's Untapped Opportunities; Path to Investment Boom, highlights the growth potential in the following markets from 2018 to 2022 - Grains, Food & Beverages (8-10% CAGR), Pharmaceuticals (10-12% CAGR), Beauty and Personal Care (8-10% CAGR), Furniture and Homewares (5-6% CAGR), Footwear, Textile and Apparel (5-6% CAGR), Medical Devices (18-20% CAGR), Consumer Electronics (7-8% CAGR) and Plastic Products (9-10% CAGR).

After three years under combat operations, the end of Iraq's war against the Islamic State (ISIS) encourages the country's reconstruction and economic reformation. As a result of healthy foreign international reserves, limited restrictions on cross-border fund transfers as well as an attractive legal framework that provides greater protection and incentives for foreign investors, investments in the country is expected to generate the highest rate of returns.

Apart from FDI, primary opportunity areas for global companies also include technology upgrades and manufacturing process improvement across all industries. Most industries operate on obsolete or old technologies as wars and earlier sanctions prevented access to the latest technologies.

As a national development plan, Iraq aims to boost the economy through privatization and development of oil & gas as well as minerals along the value chain. The plan is to not only privatize existing state-owned enterprises but also support SMEs with tax holidays and financial incentives. All in all, FDI inflow is expected to help the Iraqi Government to achieve the target within the next five years.

Enabled by the prospect of greater stability and security, Iraq has listed a total of over 212 projects ready for investment across more than 10 sectors. Of these sectors, oil and refineries are the most promising sector for investors followed by industrial and manufacturing, infrastructure, health and education, energy and agriculture sector.

Iraq plans to focus on the Oil & Gas value chain, downstream value chain, Minerals value chain, and tourism and financial services to move the GDP growth rate by 6% annually in the next 8 years. Hence, with a population of over 39 million people as of 2018, Iraq remains an attractive consumer market with the potential of over USD 40 billion.

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THE UNCONSTITUTIONALITY OF EXTRACTING THE KURDISTAN REGION OIL FROM THE LAND AND EXPORT DIRECTLY

Baghdad News

The Federal Supreme Court decided to elect three experts TO SUBMIT A REPORT ON THE APPEAL AGAINST THE UNCONSTITUTIONALITY OF EXTRACTING THE KURDISTAN REGION OIL FROM THE LAND AND EXPORT DIRECTLY, while adjourned the pleading to the sixth of next month.

"The Federal Supreme Court held its session under the chairmanship of Judge Medhat al-Mahmoud and the presence of all the judges, and considered the case of the Minister of Oil, in addition to his job, the prosecutor demanded the Minister of Natural Resources In the Kurdistan region / in addition to its function, the implementation of the provisions of the Constitution and the relevant laws in force and hand over the entire production of oil produced in the region to the Federal Oil Ministry.

He added that "the meeting witnessed the presence of all parties are the agents of the prosecutor and the Federal Oil Minister, the Deputy Attorney of the Minister of Natural Resources in the Territory, and the agents of the third persons, the Prime Minister of the Federal Minister of Finance and the Federal Minister of the Kurdistan region in addition to their jobs.

"Three experts were elected to present their report, including the technical aspects of the case, after they were nominated by the Iraqi Economists Association, the Geologists Association and the Iraqi Engineers Association," he said.

He pointed out that "the court confirmed that the subject of experts depends on personal experience specialized without consideration of any other considerations."

He said that "the commissioning of experts and their swearing in will be on 9/10/2018, while the hearing will be on 6/11/2018, to give experts time to submit their report.

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Articles End

Their words not mine…..No Rumors, No Hype, No Opinions ,,,,,

Just the FACTS!

Disclaimer: All information in this newsletter is not intended for investment decisions / purposes. Mnt Goat is not a financial analyst, planner, banker, attorney or associated in any role with giving out professional investment advice.

In ending I want everyone to know your constant prayers in the fight against evil (ISIS) in Iraq have worked. God has guided these young men and women on the battle field. Let us all now know that there is a new battle now to fight. A battle to save our homelands from the corrupt politicians who are bent on taking what they want from our current wealth and from future generations without our permission. We must keep praying for the end to the rapid corruption in Iraq and in the United States. We must pray for our leaders when they are being guided by the Holy Spirit. We must stand by them and let them know we are still there to support them, even after the election is over. I have composed a prayer maybe we can all pray today in our own way and until the revaluation of the Iraq dinar occurs.

PRAYER

“For the Iraqi Prime Minister and the President of the United States, that all their cabinet members, and deputies may be anointed by the Holy Spirit to do God’s will and bring the free democracies of the Republic of Iraq and the United States of America to the much-deserved prosperity and abundance thru justice and freedom from oppression and corruption. That they may be a shining example for the rest of the middle east and to rest of the world to follow.

In the name of Jesus Christ our King and Savior, Amen”

Auf Wiedersehen

Much love to ya all,

Mnt Goat
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PostSubject: The 1-800-number   Wed Oct 03, 2018 10:05 am

Where is the 1-800-numbers
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