June 13th 6pm

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New Blog Posts
New Freedoms for Post-Extremist Ramadan in Mosul
June 13, 2017 in Security

This article was originally published by Niqash. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News.
Mosul Locals Taste New Freedoms for Post-Extremist Ramadan
Ramadan in Mosul is different this year: Rather than hiding the fact they are not fasting during the religious month, locals are eating in public and restaurants are open.  It is all thanks to the Islamic State group.

Treasury Secretary Backs Trump’s Comments on Government Shutdown

Treasury secretary tells lawmakers that ‘a good shutdown’ of government may be appropriate in some circumstances

By  Kate Davidson     June 13, 2017 12:25 p.m. ET

WASHINGTON—Treasury Secretary Steven Mnuchin said Tuesday there could be circumstances under which a shutdown of the U.S. government would be a desirable outcome.

Mr. Mnuchin, who was testifying before the Senate Budget Committee, was asked about President Donald Trump’s tweet earlier this year that the country “needs a good ‘shutdown’ in September.”

Asked whether he thought there was such a thing as a “good” shutdown, Mr. Mnuchin told lawmakers, “It’s an unfortunate outcome. At times there could be a good shutdown, and times there may not be a good shutdown.”


Wadeo:  They  (Iraq) will have their Escrow account released from the United Nations! All money goes back to Iraq

FutureMoney:  if that is true, I believe they will truly be out of chapter 7...

Rojo:  Future Yep believe you are right

NetGlobal:  So the escrow accounts will no longer be held by the UNSC come June 30th. Those funds will be transferred to the GOI…..That does not mean a RV or that Iraq moves to Chapter VIII

FutureMoney:  netglobal..I tend to disagree....if they would still be under Chap 7 they would never release that money to Iraq….that said.. if they arent in 7...then they have to be in 8

Readitnow:  futuremoney, I thought they have to revalue in order to get OUT of 7

NetGlobal:  Perhaps they get out of chapter 7 at the same time they receive their escrow funds…All I know is that this week is a good week to RV



MAY 31 - WED
CBI - starts piggy backing the Auctions - Sells for Wed and Thur
CBI - Declaration / regarding contractors to start regardless of entitlements received from the Ministry of Finance ( Ministry of Science schedules and Technology and the Ministry of Agriculture and the Ministry of Education and the Christian endowment and other religions )
CBI -Declaration / regarding contractors to start regardless of entitlements received from the Ministry of Finance ( tables of the Martyrs Foundation and the province of Muthanna , the General Authority for meteorological and seismic monitoring )
Meeting with IMF

CBI - Auctions for Thur and Sun