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Thursday, May 25, 2017

KTFA UPDATE, 25 MAY

Aggiedad77:  Just a sliver from the CC last night that I have heard as I work on the notes.......

Frank is expecting the price of oil to jump from the low $50/barrel range upwards to at least $60-$65/barrel.....the curtailment of oil production by the OPEC nations and other non-OPEC entities will drive this and make it happen.....called supply and demand.....

But did you catch what he said at the same time.....the Iraqi dinar could come out at 3+.....
Oh buddy.....IOO of course.   Aloha   Randy

Frank26:  Correct RANDY .............. Sorry i did not define it better.
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SMN:  Hi Randy,  I need to listen again and very much look forward to your notes!  I missed the start at $3.00+, but I thought I did hear climb to $4, $5 or $6 with much higher Oil prices?  Or did I not hear that correctly?Thanks for all you provide us!

Aggiedad77:  What he was saying.....is saying Smn.....is to follow the oil prices......and he's not saying it has to be at $60 to come out IMO.....but at $60-65......we could see 3+.......and yes you are right on the 4...5...6+......if oil continues to climb to the $95-100 range.....oh bubby.....all IMO.   Aloha  Randy

Manu68:  Thanks Randy. Re the mention of a potential to reach a figure of $4, $5 or even $6, isn't there some sort of understanding that they couldn't go higher than Kuwait?

Aggiedad77:  In a nutshell.....no....IMO of a nut....shell

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DocK:  When is Eid al-Fitr in 2017?

Eid al-Fitr in 2017 is on Sunday, the 25th of June (25/6/2017).

Note that in the Muslim calander, a holiday begins on the sunset of the previous day, so observing Muslims will celebrate Eid al-Fitr on the sunset of Saturday, the 24th of June.

Although Eid al-Fitr is always on the same day of the Islamic calendar, the date on the Gregorian calendar varies from year to year, since the Gregorian calendar is a solar calendar and the Islamic calendar is a lunar calendar.

This difference means Eid al-Fitr moves in the Gregorian calendar approximately 11 days every year. The date of Eid al-Fitr may also vary from country to country depending on whether the moon has been sighted or not.

The dates provided here are based on the dates adopted by the Fiqh Council of North America for the celebration of Eid al-Fitr. Note that these dates are based on astronomical calculations to affirm each date, and not on the actual sighting of the moon with the naked eyes. This approach is accepted by many, but is still being hotly debated.

http://www.when-is.com/eid-al-fitr-2017.asp

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Don961:   Raise the parliamentary session until after the Eid al-Fitr

2017/5/25 15:04

 http://www.alliraqnews.com/modules/news/article.php?storyid=62272

The House of Representatives legislative term ends and set a date for its next
The House of Representatives decided on Thursday to end the second legislative term for the third year and to raise its fourth of July next

http://waradana.netlink        

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Don961:  Reduction of official working hours of one hour during the month of Ramadan

2017/5/25 12:04

Reduction of official working hours of one hour during the month of Ramadan

[Where-Baghdad]

General Secretariat of the Council of Ministers announced the reduction of official working hours of one hour during the month of Ramadan.

A statement by the Secretariat received by all of Iraq [where] a copy of it today, "it was issued uncles to the ministries and departments not associated with the Ministry and the provinces and councils about reducing the official working hours of one hour during the holy month of Ramadan to leave her mark the beginning always morning."

http://www.alliraqnews.com/modules/news/article.php?storyid=62265

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Aggiedad77:  Straight from the horse's mouth......REDUCTION of work hours by one hour during Ramadan......nothing completely stops.....

Ok sure Parliament took a break for the month....you just saw that article....but IMO we don't need them to do what we feel is necessary.....IMO....and Frank you correct me if I'm wrong on this....but when he said that we need for the GOI to talk to the CBI.....he's meaning Abadi and his COM.....his cabinet if you will.....not the full membership of Parliament.....

This group is the one who meets every Tuesday with Abadi.....they are the true political movers and shakers IMO who will be giving instructions to the CBI and Allak....

Ok bro....hit that EASY BUTTON....well in Arabic it says....NOT SO EASY BUTTON....but you know what we mean.....Family it is coming....the BEST is coming....patience....it is more than a virtue....it is what we all have....I know....because I'm one of you.   Aloha  Randy

PappaJack:  JUST AN ADDED NOTE , THE BEGINNING OF RAMADAN IS DEALT WITH MUCH IN THE SAME WAY LENT IS IN THE CHRISTIAN WORLD====

NO THEY ARE IN NO WAY THE SAME IN PRACTICE BUT AS AN FAMILIAR EXAMPLE FOR UNDERSTANDING HOW IT IS DEALT WITH THE MUSLIM WORLD STARTS RAMADAN WITH FASTING DURING THE DAYLIGHT HOURS AND EAT AFTER DARK AND OF COURSE IT IS A TIME FOR FAMILY AND FRIENDS TO GATHER

IN MANY CASES THE WORK HOURS ARE SHORTENED. IT IS PREPARATORY TIME TO THE EID HOLIDAY.

BUSINESS DOES CARRY ON WITH NO RESTRICTIONS EXCEPT FOR THE FAST UNTIL EID THEN ALL BUSINESS IS SHUT DOWN IN OBSERVANCE OF THE RELIGIOUS DUTIES FOR THE 3 DAYS.

SO IF WE MARCH INTO RAMADAN AND IMO, WE WILL, DO NOT FRET ….THE MR STILL  MOVES FORWARD.

MY BET IS THAT ABADI WILL CAPITALIZE ,POLITICALLY AND RELIGIOUSLY, WITH HIS PEOPLE TO GIVE THEM THE FINANCIAL BOOST BEFORE EID BECAUSE EID IS A SEASON OF RENEWAL AND GIVING!
Don961:   The return of more than 8 thousands of displaced people to Mosul

2017/5/25 15:35
Picture
 [Where-Baghdad]

Ministry of Displacement and Migration announced on Thursday the return of some 8.562 displaced from Mosul in the past three days, noting that the ministry 's operations room in cooperation with the Ministry of Transport and the Joint Special Operations Command allocated buses to transport them as well as the movement of their furniture trucks.

The ministry said in a statement received by all of Iraq [where] a copy of it today that " the goal of the government and the ministry foundation is the return of displaced persons to their original areas liberated in the city of Mosul , liberated and other areas, pointing out that there are other meals in the next two days of the displaced people want to return to their areas liberated ".

The areas returned to them displaced families , including "al - Zahra, flowers, safe, Yarmouk, dignity, green, Baoizh, light, pristine, sugar, Nabi Younis, Charter, Qadisiyah, as well as the revival of the police, a friend and Rashidiya, editing, Cairo and victory in addition to the Arab neighborhoods , martyrs, fraternity, palaces, Ghazlani and my part Qayyarah bathroom fresh.

http://www.alliraqnews.com/modules/news/article.php?storyid=62273

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