KTFA

Don961:   Aloha Frank … looks like they’re not waiting til Monday/Tuesday to hit the banks for those cards… maybe the bank is giving away free water and a straw hat with each transaction lol….IMO

State auditors are packed circles before free holiday

07.31.2016 9:55 •

[Oan- Baghdad] saw the state departments and government institutions, on Sunday morning, densely auditors to complete their transactions before the official start of the holiday , which lasts for two days due to high temperatures.

Today is the first day in office hours after the weekend on Friday and Saturday.

The Prime Minister Haider al – Abadi face yesterday to disrupt the official working hours on Monday and Tuesday for all government departments except for basic services because of the high temperatures to around 50 degrees Celsius , according to reports of the Commission on weather forecasters.
….

The Iraq has witnessed in the mid – July heat wave which rose Great grades of more than 50 m, and is considered the highest among the 10 regions in the world.

the cabinet decided as a result of high temperatures across the country disabling official working on 19 and 20 of this month in all government institutions, with the exception of defense and interior ministries and departments of basic services.

The Health Department warned citizens at the time of direct exposure to the sun these days.
He called on the ministry ‘s spokesman Ahmad Rudaini, through [where], citizens to “stay away as much as possible from direct exposure to the hot sun, wear the same clothes long sleeves and cover all parts of the body as well as extensive wear hats to protect the face and use of protective ointments and drinking a lot of fluids. ”

http://www.alsabaah.iq/ArticleShow.aspx?ID=120584

Frank26:  LOL……………… You funny.
IMO …………….. This HAS been going on for a few and …………. Days.
KTFA   Frank

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Don961:  Iraq Stock Exchange stopped due to heat

2016/07/31 | 12:30

The Iraq Stock Exchange shut down its operations in mid-July, due to high temperatures

She said the Iraqi Stock Exchange, it would not regulate its daily to next Monday and Tuesday the first and second days of the month of August, due to the high temperatures.
She added, “the stock market” in a statement “the economy News” received a copy of it, that based on the decision of the Prime Minister, that the stock market will resume its work on Wednesday approved August 3.

http://economy-news.net/content.php?id=4579

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ReddStarr:  Just some FYI……All…..”Big four”…..accounting firms are in Iraq….E&Y….Deloitte….KPMG…..and PWC……think they know anything…..

Ernst & Young Iraq! 

Led by Senior Managing Partner, Bishr Baker, EY’s Baghdad office re-opened its doors in 2004 and currently boasts over 60 full-time, locally-based professionals supported by over 280 resources from our EY-Jordan office.

The on-ground operations are managed by our Iraq-dedicated Partner, Ahmed Elkady, who has overseen the expansion of EY since reopening to include an office in Baghdad, Erbil, and a third in Basra. The size and breadth of the combined offices position EY as the leading firm in Iraq.

Our bilingual (Arabic/English) and Kurdish speaking Professionals are very knowledgeable of local Iraqi rules and regulations as well as common practices of governmental and semi -governmental bodies operating in Iraq. The size and breadth of the combined offices position EY as the leading firm in Iraq.

We have delivered projects across our Tax, Advisory, Assurance, and Transaction Advisory Service (TAS) practices and have built a robust list of clients that varies across sectors and project types. As such, our client base in Iraq has grown to include the country’s biggest governmental agencies in Baghdad, Erbil and Basra, ministries, multi-laterals, local businesses, NGO’s, Oil and Gas companies and international investors. This has given the firm insight and competitive advantage in the Iraqi market.

Our Middle East Operation

EY’s Middle East and North Africa (MENA) practice has been operating in the region since 1923, and our longevity in the region gives us a deep understanding of business in this part of the world. For over 90 years, we have evolved to meet the legal and commercial developments of the region.

We are the largest professional services provider in MENA, with over 5 ,000 people united across 20 offices and 15 countries, sharing the same values and an unwavering commitment to quality. We develop outstanding leaders who team to deliver on our promises to all of our stakeholders. In so doing, we play a critical role in building a better working world for our people, for our clients and for our communities.
EY is the only ‘Big Four’ firm that is represented throughout the region as a unified and integrated partnership.

Some of the company’s industry specialties include manufacturing and industrial services, financial services, communications, energy, chemicals and utilities, hotel and leisure, retail and consumer products and allied sectors. Our major clients include government ministries, oil companies in the public as well as private sectors, airlines, central banks, major financial institutions and the governments of Iraq, Jordan, United Arab Emirates, Bahrain, Oman, Qatar, Saudi Arabia and Kuwait.

http://www.webuildiraq.org/members-profiles/ernst-young-iraq/

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Doodlebug:  BOJ may resort to printing money to stimulate the economy

Alsumaria News / Baghdad – New Bank of Japan pledged to review its monetary stimulus in September, expectations that adopts a form of printing money, including government spending leads to stimulate inflation policy.

Bank and thwarted the hopes of the markets about the possibility of a significant increase of its purchases of government bonds, or reduce the negative interest rates already boosted opinion to have exhausted the alternatives available under the current policy seeking to raise prices and an end to the 20-year-old deflation pressures.

Not yielded monetary easing of the policy pursued over three years to fruition and economists say, that the conduct Bank of Japan Governor Haruhiko Kuroda comprehensive assessment of the policy may pay for further cooperation with Prime Minister Shinzo Abe, who announced spending program worth far more than 28 trillion yen (275 billion dollars ) to stimulate growth.

Daegu said Aoki, an economist at UBS Securities “comprehensive review may be the first step toward further cooperation with the government in a sign of printing money.”
“The government may issue bonds for 50 years and if the central bank has vowed to keep for a long time, it would be a form of printing money.”

But some economists fear that this step leads to the attainment of very high inflation levels and to reduce is doomed to the value of the currency.

LINK

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Mountainman:  In AUGUST Many Things w/COUNTRIES Will be BEGINNING to SLIP N SLIDE…..RIGHT Where they Should Be…….

MANY are TRAVELING Down A SLIPPERY SLOPE…….MANY Things Will BEGIN to Take A PLUNGE/SPLASH LANDING…….MANY MOVES as I have Said have ALREADY Begun…….CRAZY (8)’s……..Velocity is REQUIRED for MOVEMENT and AUGUST is The START of MANY

MOVEMENTS GLOBALLY……..So……..Be CAREFUL How You Move……..For It is A SLIPPERY SLOPE INDEED……..

Blessings,Mountainman  (8)=New Beginnings……..to A MONTH of CRAZY (8)’s……..INDEED……..

https://youtu.be/76xTdNvYZ0g

WSOMN:

AdminBill: (Late Saturday Night)  TOMORROW COULD BE THE BEGINNING OF THE END SO GET A GOOD NIGHTS SLEEP. SHOULD IT BE NECESSARY THE ROOM WILL BE RE-OPENED AND A TWEET SENT

Mangelo:  I beleive in the next 24 hours something should happen for us!!!  time will tell!!!

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TNT:

Tishwash:  exciting!  at least to me anyway

Trade-based treasury bonds to pay dues peasants

LINK

AGHDAD – balances News

General Company for Grain Trade, Ministry of Commerce, Sunday, announced the adoption of treasury bonds to pay dues offarmers.

The trade in a statement received / balances News /, a copy of it, that ” the Treasury bonds , which will be distributed to farmers and marketers for the years 2014, 2015 and 2016 will be the obligatory exchange Lama directly and it will be deducted percentage of them in favor of the bank or retained and utilized annual interest amount of 8%. “

The ministry added, “The new mechanism, which will be followed for the payment of financial dues to farmers and marketers will feature hundreds of thousands of names, a new style of work followed by the company for the first time to embrace the receipt of grain marketers since 26 years,” noting that “the company’s branches began to prepare lists and sent to the for the purpose of the company sent to the Ministry of Finance directly. ”

Adding that “this work needs to be an accounting New Tab differs from the previous work of the company to the fact that the payment is Treasury bonds.”

It is worth mentioning that the move came in implementation of the directives of the General Secretariat of the Council of Ministers to pay those dues to farmers and farmers for Akiem agricultural crops of wheat and rice , “.anthy 29 / p 1