Walkingstick: How Iraq will benefit from the lifting of economic sanctions on Iran?
BAGHDAD / Obelisk: Stephen Mofsson a political and economic analyst in “The Washington Post and Bloomberg News Service,” wrote, that Iran is about to add a new market volatile oil and graduated from the context of economic sanctions. After tightening of other US and international sanctions on Iran in 2012 lost nearly 700 thousand barrels of Iranian oil per day from the global market. And then the average price of a barrel of oil OPEC (Organization of Petroleum Exporting Countries) of $ 109.45.
With the lifting of these sanctions is currently scheduled to Iran strengthen its sales of oil in the midst of a state of enormous glut of the OPEC oil price of $ 25 a barrel, less than a quarter of the price in 2012.
The result will be significantly less revenue for Iran, which its leaders predicted two years ago when he began to negotiate an end to sanctions related to the nuclear program. The country may have to pump less oil in the market pace than they were intended to, and this may make the international oil companies more cautious and meanest in investment in the country.
And the US Treasury will raise under the nuclear deal with Iran sanctions that restricted foreign companies from carrying out economic activities in the finance, banking, insurance, energy, petrochemicals, shipping, shipbuilding, gold, precious metals and other sectors. Many of these companies have started communicating with Iran.
For example, the company “Lloyd said is not” which monitors shipping activity that Midetyrnjan Chipping company resumed direct services with Iran after a lapse of three years. The “Lloyd is not” also that the oil department in Maersk Group is in talks with Iran on the development of the oil fields of the country.
Many US companies and banks are forbidden to carry out economic activities with Iran under the sanctions and other laws and regulations related to human rights and ballistic missiles and terrorism.
Last Friday, the Treasury Department completed regulations relating to on the application of these sanctions. And one of the items regards the possibility of foreign branches of US companies dealing with Iran, a clause awaited by corporate managers.
But it is likely that some uncertainty remains regarding the definition of activities with Iran that are in line with the nuclear deal. In addition to this, Iran suffers from inflation and support the high-rise rates and the difficulty in obtaining licenses and loans unable to repay. The words of Mofsson
New opportunities for Iraq ..
Concerning Iraq, the lifting of sanctions on Iran contributes to the strengthening of the pace of economic cooperation and trade exchange between the two countries and to increase Banking exchanges and pay the value of imports, and would end the lifting of sanctions, impediments to trade and investment between the two countries, especially on the banks and the energy sector.
Iran is an important neighbor of Iraq shares a long border with him, which would raise the momentum of trade to more than $ 14 billion annually.
The closest opportunities for Iraq after the lifting of sanctions on Iran, to take advantage of mutual religious tourism momentum between the two sides, particularly since Iraq, according to the Ministry of Tourism and the Iraqi Antiquities topped the list of countries he visited Iranian during 2014, which contributes to the doubling of the economic resources of the tourism sector.
Lifting sanctions on Iran opens doors open to the Iranian companies to invest in air and maritime transport, railways and Iranian companies to enter the Iraqi cities and to benefit from their expertise areas.
In the area of energy, it will be a significant economic benefit to the two countries to invest in the common fields and investment in the field of gas production and transportation.
http://almasalah.com/Ar/news/67961/%D9% … %AA-%D8%A7
05:40 18.01.2016(updated 05:58 18.01.2016)
Iranian banks received the opportunity to reconnect to SWIFT international payment system amid substantial relief of international sanctions imposed on Tehran in response to its nuclear program, SWIFT said in a statement.
MOSCOW (Sputnik) — On Saturday, International Atomic Energy Agency (IAEA) confirmed Iran’s compliance with the agreement on country’s nuclear program and implementation of the Joint Comprehensive Plan of Action (JCPOA) came into effect. Soon after that, the regime of sanctions imposed on Tehran has been substantially weakened.
“Those banks that are delisted by the Implementing Regulation will now automatically be able to reconnect to SWIFT, following the completion of our normal connection process (i.e. administrative and systems checks, connectivity and technical arrangements),” the statement said on Sunday.
On July 14, Iran and the P5+1 group of countries comprising the United States, Russia, China, France and the United Kingdom plus Germany, signed the JCPOA. The agreement guarantees the peaceful nature of Iran’s nuclear program in exchange for relief of sanctions, including the EU nuclear-related financial messaging restrictions.
Read more: http://sputniknews.com/middleeast/20160 … z3xbcFRNPq
Walkingstick: The central bank will discuss with private banks find reasons and slowing lending to the private sector
the Iraqi Central Bank discussed with the private banks, the reasons for tripping and the success of the slowdown in lending to the private sector initiative in the amount trillion dinars.
The central bank said in a statement received by all of Iraq [where] a copy of it, that “the general manager of financial operations and debt management in the bank met with lending officials of private banks to motivate them to speed up the expansion of the bank’s initiative to the private sector, amounting trillion dinars and discussing the reasons for tripping and the slowdown in the success of initiative.
“The governor of the Central Bank on the Keywords held a meeting with directors of Commissioners for private banks to urge them to ensure the success of the initiative and lending sector Acial.anthy
http://www.alliraqnews.com/modules/news … ryid=27503