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rcookie says():2016 a year of economic crisis , how it will be in 2017?
December 31, 2016 in the media center , articles comments on the 2016 year of economic crisis , how it will be in 2017? Closed
2016 was not an easy year to the general public the global economy and the economy of Middle Eastern private as successive crises since its inception solving paralysis And stagnation in some countries and reflected the weakness of political crises and weak economic structures in these countries after the cast Bzlallagha on the economy.

Float local currencies and a rise in public debt and deficits in the balance of trade and taxation policies of austerity and a decline in the stock markets of different financial problems suffered by Arab governments during 2016 was the entry of the International Monetary Fund is a co-worker and the solution hired by those countries, and the rise of the dollar against global currencies,
where led to the exit of hard currency from the emerging economies to the United States after Trump win the presidency, and the other thing is the decline in world oil prices to rise and then after a historic agreement for OPEC to cut oil production, where raising oil prices to above $ 50 a barrel.
Recovery in the capital markets in 2017
Swept a wave of optimism in global financial markets after OPEC historic high price of oil on the threshold of $ 50 a barrel agreement as oil is the main financier of the budgets of most of the Arab countries, on the other hand, persistent attempts by Tbzha Gulf states, especially to reduce the fiscal deficit has through the reform of the financial structures to get rid of the burden of dependence on oil.
According to a survey of 13 of the top fund managers in the Middle East was conducted over the past week it showed that 62% of managers expect to increase their allocation of shares of the Middle East over the next three months, did anyone expect them to shrink. These results are very positive to the point where it is the most positive since February 2014, a year in which oil prices fell by 60% from the highest price.
Egypt’s economy will see stable in the next year in 2017
There were expectations of a similar poll last month, which predicted 43% of the respondents increased their allocation of shares of companies in the Middle East, while 7% expect them reduced. The rise in oil prices to $ 55 a barrel in recent weeks, up from the average price in 2016 at around $ 45 a barrel.
rcookie says():Growth in the GCC countries has fallen from 3.3% to 1.8% in 2016 and forecast report issued by the International Monetary Fund and an increase in the growth rates of more than 2% in the medium term. Fund predicted in his report that the global economy recovers in the next year with the support of emerging and developing markets.
a95d041c-eda0-413c-a549-89485db11e34_16x9_600x338.jpg
Egypt Stock Exchange
Given the budget of Finance recently approved by Saudi Arabia for the fiscal year 2017 it shows that it has made progress thanks to the actions that have worked with the government such as the austerity measures and the adoption of fiscal policies more conservative spending and prevent the increase of salaries and expenses for the next year or contracts big commitments in the coming years.
It is noteworthy that the Kingdom was able to reduce the deficit for 2015 was estimated as revenue B692 billion riyals and expenditures 890 billion riyals, or a deficit of 198 billion riyals, the lowest for the year 2015.
And thanks to that the financial policies by the Gulf states, he predicted that 46% of the investment allocated to Saudi Arabia to increase fund managers within the portfolio of regional equity while the predicted 23% of them reduced,
but the managers of investment funds are still believe that the assessments of the financial markets of Saudi Arabia is not attractive despite the strong momentum in the market in the past two months, they note that the austerity policies pursued by the government suggest the survival of the Saudi economy slow in the next year.
Overall, the assessments fund managers GCC Capital Market reflects the positive news received by the markets after the rise in world oil prices following OPEC’s agreement, and they see that there are still factors that may lead to the deterioration of the markets and perhaps the most important budget’s dependence on oil and the challenge of austerity measures. 5425018_640.jpg
Kuwait Stock Exchange   In Egypt, which has seen the biggest crisis between the Middle East countries due to float the pound and the consequences for the flotation of its right to raise prices and removal of subsidies on certain goods and services,
Evaluations keep a cautious investment despite the optimistic outlook on the long-term post-float the pound. According to Stratfor, the Institute of the Egyptian economy will witness stable in the next year in 2017 and that the government will seek to attract funding from the breakers partners through investments.
In the end, the global economy will face numerous factors in all countries, including the Middle East in order to raise the growth rates of the most important concern to everyone in terms of “modest growth of capital investment and the negative growth of industrial production and the decline in business confidence.”
rcookie says():Security Council obliges Iraq to repay amounts “late” since 2010
Journal News    BAGHDAD – The Journal News   The UN Security Council adopted a resolution declared Iraq is required to pay amounts payable since 2010, “calling on the Government of Iraq to be paid for” beneficiaries “.
He said the UN Security Council in a statement that he “adopted Resolution 2335 unanimously, which it reaffirms its call to the Government of Iraq to pay their dues without delay if contacted by the beneficiaries or their representatives.”
“The new resolution submitted his project the United States, which the Security Council acting under Chapter VII of the Charter of the United Nations refers to the resolution 1958 of 2010,” noting that “the text of the resolution” The Security Council notes that the Government of Iraq to provide the arrival of goods certificates, saved the United Nations with effect from 15 December 2010, the outstanding amounts related to the beneficiaries. ”
“The delay may be due to not being able to locate the beneficiaries, or because of failure to provide the beneficiary on the required documents,” Msttrda “The decision authorizes the Secretary-General of the United Nations to maintain the escrow accounts and that keeps the money in those accounts until June 2017”.
The resolution also requests the Secretary-General to “submit a report on implementation of this resolution no later than March 30, 2017 and a final report three months after the transfer of any remaining funds held pursuant to paragraph 2 to the Government of Iraq, unless authorized by the Security Council other than.
rcookie says():Infallible: looking forward to have in 2017 in Nags Nasr on terrorism and economic development
Saturday 31 December 2016 17:49   Alsumaria News / Baghdad
The President of the Republic Fuad Masum, Saturday, that Iraq aspired to be a 2017 victory in the expeditious on “terrorism” and to achieve stability and economic development and the return of all displaced persons, while noting that the upcoming changes in the world will cast on the region next year.
Masum said in a statement on the occasion of the New Year has received, Alsumaria News, a copy of it, that “our people faced in 2016 a lot of problems and crises, but he was able to face them thanks to their steadfastness and sacrifices,”
and expressed “aspiration to be a new year in Nasr Nags on terror and achieve stability, economic development and the return of all displaced persons and displaced persons to their homes and provide the necessary services to the citizens. ”
He praised the infallible “the entrepreneurial spirit and heroism that characterize our people and our armed forces in all its formations over the past year and represented edited for most areas occupied by terrorist gangs”, recalling “the courage of our fighters, especially the martyrs of our people in Miami who have made life sacrifices for the freedom of their country and the liberation of their people and humanity from the scourge of terrorism. ”
Masum also praised the “families that made their children in the heroic martyrs who travel Euclid Iraqis against terrorism, which inspired the world with hope, strength and the possibility of defeating the remnants gangs.”
The infallible, that “future changes to the world will cast on the region during 2017 to enhance the opportunities for cooperation, understanding and victory over terrorism.”
subgirl says to rcookie():Good morning 🙂 thanks for all the news..
subgirl says to rcookie):The President of the Republic Fuad Masum, Saturday, that Iraq aspired to be a 2017 victory in the expeditious on “terrorism” and to achieve stability and economic development and the return of all displaced persons, while noting that the upcoming changes in the world will cast on the region next year.
Masum said in a statement on the occasion of the New Year has received, Alsumaria News, a copy of it, that “our people faced in 2016 a lot of problems and crises, but he was able to face them thanks to their steadfastness and sacrifices,”
and expressed “aspiration to be a new year in Nasr Nags on terror and achieve stability, economic development and the return of all displaced persons and displaced persons to their homes and provide the necessary services to the citizens. ”
subgirl says to rcookie():love that…
rcookie says to subgirl():GM SUNSHINE!!…YVW..
rcookie says():”B-52″ The US smart defender Daesh bombing in Mosul
a wish Since 12.31.2016 at 12:49 (Baghdad time)
Baghdad balances News   A security source in Mosul on Saturday, that the aircraft (B-52) US bombed intensively neighborhood humpback northern Mosul, farms, and that the security forces approaching humpback neighborhood and the second drain after heavy shelling them.
The source said the site Sputnik Russian, “The aircraft (B-52) carpet bomb the neighborhood humpback northern Mosul, farms, and the security forces approaching humpback neighborhood and the second competencies north of Mosul, preceded by heavy shelling with mortars and smart defender of the coalition forces.”
He added that the “bombardment affects the Faculty of Dentistry at the University of Mosul, near the neighborhood of the hunchback,” adding that “there is news about the killing of prominent leaders in the organization Daesh terrorist.”
The source pointed out that “there are violent clashes in Aerkub region, security forces and increase the pace of the battles for entry into apartments hunchback,” pointing to “the bombing of Khalid ibn al-Walid Mosque in the valley of stone in the right coast south of the city of Mosul, the killing of a group of Daesh foreign nationals , which had been present “.anthy 29 / d 24
rcookie says():  Iraq
Iraqi forces announced the restoration of the second Jerusalem neighborhood east of Mosul By Shunem Abdullah Khoshnaw
Roudao – Erbil   Iraqi forces announced on Saturday, 12.31.2016, restore the second Jerusalem neighborhood east of Mosul, from the control of the “Islamic state” Daesh.
The media quoted military cell, the commander coming Aaninoy Operations Lt. Gen. Abdul Amir Rasheed Aarallah, saying that “pieces of anti-terrorism device liberated second Jerusalem neighborhood in the eastern axis and raised the Iraqi flag over the buildings.”
It said the cell in a statement seen by Roudao Media Network, said that the restoration of the neighborhood came after “the enemy to inflict losses in lives and equipment.”
And launched the battle of the restoration of Mosul in October 17 / October 2016, Joey cover of the international coalition led by the United States, and regained the Peshmerga and Iraqi forces have allied with them, during the past two months, dozens of villages and towns in the vicinity of the city from the grip of Daesh, was also able to enter the connector from the eastern and restore many of its neighborhoods.
subgirl says to rcookie():wow look at all the news!!! I am amazed… 🙂
Scotzgirl says():good morning all!
subgirl says to Scotzgirl():Good morning 🙂
rcookie says():In the great economic transformation and prioritize spending in Saudi Arabia
December 31, 2016 in the media center commentary on the great economic transformation and prioritize spending in Saudi Arabia closed
London – witnessed the Saudi economy in the year 2016 the biggest revolution of economic reforms in the country’s history, where it was a big shifts in government support programs and restructuring the economy and leading to harsh austerity measures nearly two years after the decline in oil export revenues.
Saudi Arabia and began to cut public subsidies for fuel prices, the first step of its kind in 10 years, in an attempt to cope with the sharp decline in oil export revenue pressures. And it continues even after the amendment at low levels, regional and global levels.
The government said the amendments aim to achieve energy efficiency and conservation of natural resources and stop the waste and irrational use and minimizing the negative impact on low-income and middle-effects.
The major station Declaration “Vision 2030 Arabia” on 25 April, an ambitious long-term plan seeks to restructure the economy to adapt to the era of cheap oil and reduce dependence on energy exports revenues.
Riyadh and entered at the beginning of June, the implementation phase of a larger plan for economic transition in its history, revealed the projects and procedures that will be followed to build the economy for sustainable and transparent basis and the creation of the country for the post-oil details.
Among the priorities of this government plan to increase non-oil revenues to $ 141 billion by the year 2020, it is also aimed at creating 450 thousand jobs a non-governmental citizens, according to documents distributed to reporters in Jeddah.
rcookie says():The plan seeks to raise the level of services provided by the government and the promotion of quality in order to achieve “efficiency and effectiveness in the practice of the state apparatus to its functions and powers to the fullest and raise the level of services provided to beneficiaries up to a prosperous future and sustainable development.”
Saudi Arabia has taken a big step in the Sept. 26, excluding the dollar completely from direct dealings with China, and the establishment of direct exchange-rate system between the riyal and the yuan, Beijing allows the yuan to buy Saudi oil.
Experts say it is a qualitative step will have big implications and will inflict damage to the status of the dollar, and pave the way for a prosperous bilateral relations between the two countries and give a great impetus to Beijing’s efforts to internationalize its currency.
This means the agreement, the settlement of trade transactions between them, through the use of special arrangements allowing the parties using the currency of each country in the settlement of trade transactions, in the context of a system of exchange rates between the two currencies to be determined directly without the use of intermediate international currency as dollar.
And reinforced in September procedures rationalize expenditure and increase budget revenues, and began to implement a new package of duties on a large number of government services and entry visas to the country.
Saudi Arabia and succeeded last October to borrow a record amount of international capital markets, while international bonds issued $ 17.5 billion, the largest borrow an emerging country at all.
The landed cost of insuring Saudi debt against the risk of default to the lowest level this year, in a sign that the great bond issuance eased somewhat doubts in Riyadh’s ability to adapt to the era of cheap oil.
The government announced in December’s budget for 2017, which predicted a big drop in the deficit despite the increase in spending it. And it revealed the final accounts for 2016 reported significant improvement in the budget indicators, while lower by about $ 8 billion deficit came from the initial estimates.
The total volume of expenditure in the new budget nearly 237.2 billion dollars, an increase of $ 17.2 billion for actual spending in the current year, predicted the deficit fell to 52.88 billion dollars and revenue growth B184.4 billion dollars. The 2017 budget will be the fourth Saudi budget recorded a deficit in a row.
rcookie says():With the end of the year 2016 approached the Saudi Energy Minister Khalid al-Falih said his country recorded during the year 2016 a decline in the consumption of electricity and fuel consumption in the transportation sector, which led to a decline in the pace of growth in energy consumption in general.
The minister revealed that consumption in the electricity sector “stopped growing for the first time since the establishment of the power company” in Saudi Arabia.
He said that the transport sector’s energy consumption shrank by 3 percent in 2016, compared with an average growth reached 6.5 percent in the past five years.
Arabs London
Scotzgirl says to rcookie():Thank you for sharing the news
rcookie says to Scotzgirl():YVW!…(y)
rcookie says():2016/12/29 (00:01 pm) – hits: 273 – number (3814)
A contract with a us company to add 209 MW to the national system
Baghdad/long press    The electricity Ministry signed a contract with General Electric of the US for the maintenance and operation of the second gas station South of Baghdad, to add 209 MW to the national system, asserting that the execution of this contract will reduce outages and increases the processing power of citizens.
And the electricity Ministry spokesman Musab teacher, in a statement received (range), a copy of it, the “General Directorate of electrical power production, central region entered into a contract with General Electric for the maintenance and operation of the second gas station South of Baghdad in the Baghdad governorate”, stating that “the contract includes processing and erecting and running (8) gaseous obstetric units type (Frame 5) in the Terminal, and a design card (26.2 MW) for each unit of”.
“and” teacher, this contract comes into us and loan duration (300) a day, to add The national electricity system, an energy (209 MW) “, noting that” the execution of this contract will brfed new obstetric cards of the national system, thus reducing outages and increased processing power to citizens.
“MEW was announced (25 January 2016), agreed with GE worth about $328 million to increase production of electricity by a mikawat, that includes a special material processing maintenance good plants invasive obstetric units and walngibih and the Shatt Al-Basra and Karbala South of Baghdad, Najaf, walhaidrih first and Jerusalem Diwaniyah,
as well as the processing and search engines (LM6000) stations Musayyib and proof of Jerusalem, processing and fuel processing unit because divaniyah station invasive and invasive Bazargan station engine monument.
subgirl says to rcookie():that is an awesome article… (y)
loop says():Security Council required Iraq to pay amounts “late” since 2010
Journal News BAGHDAD – The Journal News   The UN Security Council adopted a resolution declared Iraq is required to pay amounts payable since 2010, “calling on the Government of Iraq to be paid for” beneficiaries “.
He said the UN Security Council in a statement that he “adopted Resolution 2335 unanimously, which it reaffirms its call to the Government of Iraq to pay their dues without delay if contacted by the beneficiaries or their representatives.”
“The new resolution submitted his project the United States, which the Security Council acting under Chapter VII of the Charter of the United Nations refers to the resolution 1958 of 2010,” noting that “the text of the resolution” The Security Council notes that the Government of Iraq to provide the arrival of goods certificates, saved the United Nations with effect from 15 December 2010, the outstanding amounts related to the beneficiaries. ”
“The delay may be due to not being able to locate the beneficiaries, or because of failure to provide the beneficiary on the required documents,” Msttrda “The decision authorizes the Secretary-General of the United Nations to maintain the escrow accounts and that keeps the money in those accounts until June 2017”.
The resolution also requests the Secretary-General to “submit a report on implementation of this resolution no later than March 30, 2017 and a final report three months after the transfer of any remaining funds held pursuant to paragraph 2 to the Government of Iraq, unless authorized by the Security Council other than.
http://www.dinarupdates.com/showthread.php?45112-Security-Council-required-Iraq-to-pay-amounts-quot-late-quot-since-2010-12-31&p=167499#post167499
rcookie says():AND REMEMBER THE MAJORITY OF ALLOCATED DEVELOPMENT FUNDS FOR PROJECTS IN 2017 WILL BE FOR ESSENTIAL SERVICES IN THE OIL PRODUCING REGIONS…SO WE WILL BE SEEING MORE ELECTRICITY…WATER AND SEWERAGE NEWS…
rcookie says():GM LOOPSTER!!…….
subgirl says to rcookie():love all the articles but really love the electricity articles… 🙂
subgirl says to rcookie():thanks for sharing! 🙂
loop says to rcookie():GM Cookie Monster
loop says(): Abadi: operations are coming, Nineveh entered a decisive phase
Saturday 31 December 2016 18:49   Alsumaria News / Baghdad   Said Prime Minister Haider al-Abadi, Saturday, that the operations are coming, Nineveh entered a decisive phase, confirming that it is going as planned.
Ebadi said the Office in a statement seen by Alsumaria News, “The Prime Minister and Commander in Chief of the Armed Forces Haider al-Abadi briefed on the progress coming operations O Nineveh after the start of the second phase of which offers our heroine entire left side of the edit, during his visit today’s Joint Special Operations Command headquarters and its leaders security and the military. ”
The statement added that al-Abadi “had contacts with leaders battle field and listened to detailed reports about the battle and issued directives that will contribute to the promotion of victories and provide whatever help decisively the battle and maintain our heroine and civilians.”
The statement quoted Ebadi as saying, “The operations are coming, Nineveh entered a decisive phase and going as planned,” he said, adding that “our heroine fighting inside the city of Mosul, currently high morale and spirit of victory and the enemy is witnessing a collapse and refraction.”
The joint security forces and continue the support of the army aviation and the international coalition liberation from the grip of the city of Mosul “Daesh” process, after the announcement of the Commander in Chief of the Armed Forces Prime Minister Haider al-Abadi starting at zero hour (October 201 617), for the Liberation of Nineveh.
loop says():the enemy is witnessing a collapse and refraction.
loop says():  Oil tanker Announces recovered from the bottom of the sea and away from export ports
Saturday 31 December 2016 12:29
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November 22, 2016   Alsumaria News / Baghdad    The Oil Ministry announced on Saturday, recovered from sunken tanker on the sea floor and away from the southern export ports, indicating it is one big sunken ships that were hindering the movement of oil tankers in the territorial waters path.
The oil minister said Jabar Luaibi in a statement Alsumaria News received a copy of it, that “workers in the Southern Oil Company were able to pull the tanker Amuriyah, today, and away from the movement of oil tankers and ports of export,” noting that “it is an achievement artistically contribute to a smooth and flexible movement Maana oil tankers in the export of Iraqi crude oil. ”
He praised Allaibi to ” the efforts of workers in the South Oil chock and actors involved in the salvge process of the company , ” explaining that “this airline is one of the large maritime Aguarq which was hindering some oil tankers in the territorial waters of the movement path since targeted and sank in the Gulf War .”
For his part , said ministry spokesman Assem Jihad , said that “The oil ministry is working for years on the Shatt al – Arab clean and the area around the export ports of sunken ships and remnants of war , ” adding that “these efforts continue despite the complexities and seriousness of such processes and events that require equipment and mechanisms , as well as large financial costs. ”
The Jihad, that “the determination of workers in the oil sector and the authorities contributed to the chock recovered dozens of them, and this is what helps to achieve the Oil Ministry plans to achieve its objectives in the implementation of development projects Maana oil exports.”
The biggest piece of freedom were soaked in navigational channels leading to the ports were recovered after 2003 are marine dredger ( Palestine ), which weighs 2780 tons, it was found in the Khawr Abd Allah channel leading to the ports of Umm Qasr and Khor Al – Zubair ,
and implemented in 2010 process salvaged a joint effort between the General Company for ports and one Turkish specialized in the field of maritime rescue companies and lift sunken ships, was then lifted many sunken ships.
Mrs.Pags610 says():So what should we be looking for today8-)
da58 says():Parliament sets the second of next month as the date for the start of the second legislative term
28.12.2016   Select the Iraqi Council of Representatives, on Wednesday, the second day of the month next January 2017 as the date for the start of the second legislative term.
A statement by the Presidency of the Council of Representatives, received a (long-Presse), a copy of which, “The Legislative Chapter II of the House of Representatives will begin on Sunday, the (2 January 2017),” noting that “the date of the first meeting of the Council in this chapter will be on Tuesday the (10 of the month of January 2017), at 11:00. ”
The House of Representatives decided to end the legislative term of the first third legislative year in the seventh month of December last and raise its for a month, after the approval of the general budget for 2017.
LINK
rcookie says():External debt for 20 Arab countries are approaching one trillion dollars
Date: 12/31/2016 10:23   Dollar  Information / Baghdad .. A boat the size of the total external debt of 20 Arab countries trillion dollars at the end of 2016, is expected to have a GDP rise to $ 207 billion up to 2670 billion dollars in 2017, according to an economic report issued recently.
According to the report issued by the Arab Investment Guarantee Corporation and Export Credit, the external debt stock increased from 426.4 billion dollars as an average for the period between 2000 and 2011 to 891 billion dollars in 2014,
then to $ 878 billion in 2015, and then to 923.4 billion dollars in 2016, and it with the feet of many countries in the region to borrow and issue sovereign bonds to finance the deficit in the public budget.
According to the report published by the Saudi “economic” newspaper, the external debt index rose as a percentage of GDP from about 30.3% on average for the period between 2000 and 2011, to 32% in 2014, then to 43.3% in 2015.
At the level of the GDP of the 20 available state data, it has dropped by two billion, which fell from 2465 billion dollars last year to 2463 this year, with expectations to resume rising $ 207 billion to $ 2670 billion in 2017.
The report said that, in accordance with international standards of three of the bank and the International Monetary Fund to the limits of safe foreign debt, the data indicate the presence of ten Arab countries within the safe foreign indebtedness of the border for the first criterion,
where the debt – GDP ratio beyond the barrier of 50% for 2015, while there are seven Arab countries where the ratio of between 50% and 90%, and two of more than two percentage to 100% of GDP.
Regarding the criterion II on by external debt to total commodity and service exports that are within safe limits if you do not exceed the percentage of 132%, there is a smaller number of countries, either with respect to the burdens of external debt service to total commodity and service exports , which are generally considered within safe limits If you did not exceed 25%, Veugd acceptable number of Arab countries.
The report predicted, the international reserves of foreign currencies decline in Arab countries to 1001 billion dollars in 2017, as a result of the Gulf states to draw from the reserves to finance government budgets deficit, and that after it was those precautions may have jumped from an average annual rate of 557 billion dollars during the period between 2000 and 2011 to 1061 billion dollars in 2016,
while the value of international reserves rose in six Arab countries during the current year, compared to last year, and fell in 12 Arab countries. Finished / 25
Read More: http://www.dinarupdates.com/showthread.php?45107-Saturday-December-31-2016
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