New Iraqi Cabinet to be Presented to Parliament This Week 31.08.2014 Diyar Aziz BasNews, Erbil
Iraqi Parliament Speaker Salim Jibburi has revealed that within a week the new Iraqi cabinet will be presented to the parliament.
A Kurdish MP in Baghdad has asserted that without a confirmation of Kurdish government employees finally receiving their salary, Kurds will not vote in favor of the cabinet.
“Issues related to the new Iraqi government have been resolved. This week the new cabinet of the Iraqi government will be presented to the parliament,” said Jibburi on Sunday.
Kurdish MP in Baghdad Ardalan Noureldin told BasNews, “The negotiations over the new Iraqi parliament are moving forward positively are expected to finish soon. Then the new cabinet will be presented to the Iraqi parliament.”
He pointed out that Kurdish negotiators in Baghdad continue talking with all political parties, their top priority to resolve the issue of payment to Kurdistan Regional Government (KRG) employees.
“Kurds will not participate in the new Iraqi government and also won’t vote for the new cabinet if the new Iraqi PM Haidar Abadi don’t promise to send the salary of the KRG employees immediately the new government is formed,” added Noureldin.
I like Afren as a recovery play as its been oversold like the rest of the oil market,its making good profit even if there last set of results were lower than last year,but thats down to other factors which are out of there control a bit like GKP.My list of recovery plays for the next 1/5 years are RKH/GKP/ENEG/CHAR/AFREN gla..Ps A little more risky play could be MXP ..
Good advice Mike. I intend to put a little into all of those explorers mentioned but keep the majority in here. I sold a wedge here and put it into Afren when it dropped last week and although i sold half of them on Friday afternoon to reinvest here before the weekend (as you dont want to be out over the weekend!) I've decided I'm going to keep the rest in Afren as they could also be ripe for upswing or T.O whilst they are without a CEO. What's your thoughts on Afren? The oil industry
The oil sector like most sectors work in cycles,and since 2007/08 we have been in a bear market with the odd rally.When mr market decides that its time for a bull rally it will start and from my years in investing i dont think we are that far away.The way the oil companys have performed in the last six years or so has been the worst i have ever seen,but one thing we can be sure of is that the world can not do without oil as the usa is showing around the world in helping countrys out where there is tonnes of oil,now i wonder why that is gla....PS cycles can last years sometimes decades but if you dont need the money be patient and add on lows as the oil will always win the day in the end .
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