Wednesday Night 12-17-14 News from Millionday -

Wednesday Night 12-17-14 News from Millionday

Millionday 12/17/2014

Millionday: al-Hashimi facing the insurance industry in Iraq, many challenges, perhaps the most notable ancient laws and regulations that impede the development of this vital sector and hinge on the economic side of the country,

what calls based on the economic file to give this subject the importance of During the review of these laws and re-drafted to serve the development process, especially after the opening of Iraq to the world and liberation from the restrictions of Chapter VII.

The work in Iraq three large state-owned companies in the insurance industry, the National Insurance Company, Iraqi insurance, the company re-General insurance and follow the three companies to the Ministry of Finance.

Millionday: NOTE -- THEY ARE ASKING FOR THE INSURANCE TO BE APPLIED FOR THE ECONOMIC DEVELOPMENT

Millionday: Director General of the Iraqi insurance company under the Ministry of Finance Sadiq Abdul Rahman Hussein said that the global reinsurance giant recently began re-activity insurance with Iraq,

noting that the country is a promising market and the needs for infrastructure projects as well as need for rich local market consumer Balastairadat that are insured with different insurance companies.

He said Hussein told the "morning" that government insurance provides support for insurance companies civil through cooperation and coordination in the field of reinsurance is no positive case between the public and private sector are in the final outcome of the country's economy service through maintaining Astmrardorh money at home.

Millionday: The Director General pointed out that "the launch of new types of insurance requires a study of the market need for these types, including what has been successful health such as insurance and temporary life insurance annual documents, subject to renewal by the desire of the citizens,

as well as insurance against acts of terrorism and martyrdom as a result car bombs, a new type recently launched in Iraq to achieve a financial benefit to the families of the victims. "He noted that the launch of new types of insurance contributes to increase fiscal revenue for the company.

Millionday: NOTE -- THIS IS TALKING ABOUT THE ENTIRE MARKET OF INSURANCE WHICH IS VERY NEEDED FOR THE IRAQIS -- THIS WOULD INCLUDE ALL - HEALTH -- LIFE -- MONETARY -- BUSINESS ETC

Millionday: He said the "company has made, through projects that have been secured, insurance protection to at least a million people borrowed from banks and policyholders.

"He continued," The company has provided protection for the state funds through insurance on assets in some circles as well as protection for banks through cover losses that may be exposed to lending projects,

stressing the company's efforts to its full potential to provide adequate blankets of insurance for each risk and provide quick service in accordance with the technical bases approved. "

Millionday: NOTE -- THIS WILL MINIMIZE THE NEED FOR MONEY LOANS FOR COVERAGE THAT COULD BE COVERED BY INSURANCE AND MINIMIZE THE POOR AND HOW THEY GOT THERE FROM LOANS COVERING THESE INSURABLE ACCURANCES

Millionday: According to your annual report, company Iraqi insurance for 2013 capital of the nominal paid-up has reached two billion dinars, according to the law regulating the insurance business No. 10 of 2005 allocated billion dinars him to direct acts of Islamic Takaful insurance.

The Director-General to The company aims for an expansion and the introduction of new types of insurance in the coming year will help it provide good services to clients and stand strong in the Iraqi market, stressing that the company will assume the insurance business Takaful after the completion of its regulatory actions were for approval to underwrite it.

Millionday: And the most prominent achievements of the company During the last year of achievements Hussein said, "The premiums earned for the company over the last year exceeded 50 billion dinars, while net profit exceeded the same period four billion dinars.

He explained that the premiums increased rate of 71 percent planned for the same year, an increase of 17 percent achieved for the year 2012.

Indicating Net profit increased 20 per cent from the planned increase of 28 percent from achieved in 2012.amadava "the company was able to increase the return on investment by 40 percent from 2012, amounted to two billion and 394 million and 600 000 dinars, and the execution rate reached 104 percent.

Millionday: SO UNDERSTAND THAT THIS IS ALSO PART OF THE MARKET AND THE STOCK MARKET SHARES AVAILABLE FOR THE INVESTORS

Millionday: al-Tamimi Tgb The head of the Securities Commission to meet Prime Minister men of Iraqi businessmen residing in Dubai during his recent visit to the United Arab Emirates, daring to encourage talent and capital migratory money to return to Iraq or investment Fah.oukal step d.

Abdul-Razzaq al-Saadi said in an interview for "morning" that this meeting reflects the government's interest in the private sector and awareness of its importance in achieving sustainable development in the country, especially as the government program, said its future role in the facilities of the local economy administration

and pointed out that the meeting will give the private sector confidence and guarantees for companies in the world to work to bring money and advanced technology capital of the country.

Millionday: NOTE -- THIS IS THE MEETING TO OPNE THE PRIVATE SECTOR TO THE WORLD AND HELP THEM TO MOVE IN THAT DIRECTION WITH CONFIDENCE

Millionday: and on the question of the "morning" on the implications of this meeting on the performance of the Iraqi Stock Exchange said Saadi said this approach encourages international companies to promote investment market, Iraq Stock Exchange,

and do trading foreign size and the stock market to significant levels, especially that all global companies realize the importance of the Iraqi economy in the global arena.

Saadi pointed out that the activation of the development of economic activity mechanisms requires the will and determination to encourage investment in all productive and service sectors,

where there are developments are imposed on the decision makers or the participants or actors in economic landscape necessitate them speed up the pace in establishing a strong and broad rules of the economics of open, heterogeneous and encouraging to attract investments.

Millionday: NOTE -- THIS IS ALSO ABOUT THE OPENING OF THE ISX (IRAI STOCK MARKET) TO THE WORLD

Millionday: He stressed the need to diversify economic resources and benefit from the technological development and the ability to market products, which require a search for actors partners to contribute to the establishment of a recovery of various economic sectors, as technology and investments best human resources and tackling unemployment in the country resolutions requires.

Millionday: NOTE - TEH ACTIVATION OF THE STOCK MARKET WILL ALSO ENSURE A MUCH BATTER RATE FOR UNEMPLOYMENT AND HELP THE COUNTRY MOVE FORWARD THROUGH THE MARKET

Millionday: NOTE -- THIS IS THE MOST IMPORTANT PART -- NOT THAT THE REST IS NOT IMPORTANT BUT VERY ENCOURAGING TO SAY THE LEAST

Millionday: and Saadi said the current stage requires some benefits to accelerate the pace of economic reforms and embark on a package of legal reforms, which in turn form the input necessary to cause a favorable investment climate, which is below the legislation remains the economic reforms is very meaningful.

Hence necessitate the urgent need to face all these challenges and risks, pointing to the importance of reviewing the way we work and the performance of public and private institutions,

because the area is no longer in front of us roomy to waste more opportunities that we need to be compensated in a new phase of serious attempts in all directions, and as soon as.

Millionday: NOTE -- HE IS SAYING THAT ALL REFORMS NEED TO MOVE FORWARD AS FAST AS POSSIBLE AT THIS STAGE FOR IT IS THE ONLY WAY TO GET IRA TO THE POSITION THEY NEED IT IN

Millionday: He that the most important development of the investment properties is spread in a sequence of operations in the sectors of economic diversification, which in turn leads to move the wheel of investments are consistent with the development of the mechanics of the banking system.

The other thing that would provide a continuous growth of banking activities in order to achieve an equation called (D wheel against the expansion).

Millionday: NOTE -- THIS INCLUDES THE BANKING REFORM

Millionday: He pointed out that the banking sector could play a substantial role in terms of finding financing and investment in various economic sectors in the light of economic restructuring program in the country,

and the consequent the expansion of the market and its effects on both sides of the banking equation along with the savings and investment, and tilt the investment agent on the compactness style account and encourage savings,

stressing the importance of insert geometries are structural in the banking business and make moving from the area of trade finance to investment financing field sponsor the development and modernization of the productive sectors of the whole of finding dynamics new building general economic.

Millionday: NOTE -- THE BANKING SECTOR WILL PLAY A HUGE ROLL IN THE ADVANCEMENT OF THE ECONOMIC CONDITION AND WILL ALSO BE A HUGE TOOL IN THE ECONOMIC REFORMS

Millionday: Saadi said that the best policies and practices that attract investment are offering three necessary conditions can not be dispensed with is the free movement of people, money and guarantees,

calling for the formation of the jurisdiction of the Court of economic and financial matters to ensure conflict resolution, which coincides with the work, as well as the provision of administrative and information services and human required investments through effective single window.

Millionday: NOTE -- THEY NEED CIVIL COURT SO THAT ALL ISSUES CAN BE RESOLVED FAIRLY

Millionday: Saadi He concluded by saying in order to provide investment to achieve sustainable development, we initiate administrative reform comprehensive and sustained, which means to facilitate the procedures and simplify transactions with full transparency, integrity and updating legislation,

particularly fiscal and monetary them and circulate a new management culture starting modernizing curricula through educational change mentalities and behavioral patterns and the end of the electronic government, in addition to it has to be updated banking regulations to suit the trends of globalization.

Millionday: SO THIS WILL INCLUDE ALL THE REFORMS SO THAT THEY COMPLIAMENT EACH OTHER AS THEY ARE ALL NEEDED FOR THE GLOBALIZATION THEY ARE AND WE ARE WITNESSING

Millionday: THIS APPEARS TO BE THE CONFERENCE TO ANNOUNCE THE MOVE FORWARD WITH THE REFORMS SO THIS IS CERTAINLY GREAT NEWS

Millionday: House Speaker Salim al-Jubouri said that the regional cooperation کvیl commitment to eradicating terrorism. As pointed out Iraq's willingness to build an effective, ongoing and permanent relations with Iran, he stressed that "Daash" poses a threat to everyone and must be eliminated.

He Jubouri in a joint press conference with his counterpart President of the Iranian Shura Council after the end of their talks in the Iranian capital Tehran,

that "to Iran a significant impact on the democratic process in Iraq support, "stressing that" the security of the region is a collective responsibility must be agreed vision to defeat terrorism. "

He said al-Jubouri, "We are able to manufacture security and stability and the danger will pass the togetherness of the sons of Iraq, and that the process of stabilization in the region will benefit everyone. "

Millionday: NOTE -- THIS IS TALKING ABOUT IRAQ OPENING TO THE REGION - HUGE NEWS

Millionday: He Jubouri, that "Iraq is entering a phase of security and stability and openness to the region," pointing out that "we will work to address the problem of falling oil prices means available."

and the al-Jubouri, the "March of forty major host Iraq is very huge numbers of Visitors Message political conclusion that Iraq is able to provide security and confront the threats it faces. "

Millionday: On his part, Vice President of the House of Representatives Iaram Sheikh Mohammed expressed his happiness for the warm reception, which took place for the delegation by the head of the Iranian Shura Council and his deputies and members of the Shura Council and officials in the Iranian government.

He stressed the importance the development of relations between Iraq and Iran to serve the common interests of the two neighboring countries, wishing to "get through the courtesies and protocols stage and translate words into action.

Millionday: NOTE - HE IS SAYING HE IS TIRED OF ALL THE TALK AND READY FOR ACTION

Millionday: For his part, Ali Larijani, said that "the cooperation between Tehran and Baghdad to combat terrorism, not in words without action."

As noted that "we believe that there are threats to the region need to arrangements between the countries in the region," warned that "the latest developments in the issue of terrorism has created conditions for further cooperation between Tehran and Baghdad."

aspirations to achieve regional stability and met with al-Jubouri, during his visit to Iran, President Expediency Council Hashemi Rafsanjani greater.

Millionday: NOTE -- IRAN WAS AND IS A GREAT PART IN THE WAR ON TERORISM SO THEY HAVE SHOWN THEIR COMMITMENT TO THE REGION IN MOST ALL EYES DUE TO THE WORK THEY HAVE DONE IN THIS REGARD

Millionday: During the meeting, they discussed bilateral relations between the two countries and ways of developing them to serve the interests of Iraq and Iran.

The head of the House of Representatives, "the importance of strengthening mutual cooperation, especially in the field of regional security and meet the challenges that threaten the region and of terrorism," again. " the importance of economic openness and the expansion of trade between the two countries. "

For his part, expressed Rafsanjani "Tehran is ready to cooperate with Baghdad in various fields", valuing the visit of the House of Representatives to his country to open up broad prospects of mutual understanding.

Millionday: NOTE -- OBVIOUSLY THEY ARE DISUCUSSING THE MOVE FOR WARD TO WORK TOGETHER IN ALL ASPECTS

Millionday: On a related matter, met with al-Jubouri, the Secretary of the Supreme Council National Security Ali Shamkhani, said Iraq is looking forward through the development of cooperation with Iran to promote regional stability and economic development in Iraq.

The Jubouri that "Iran's role is important in supporting the path of democracy and establish security and stability in the region." As described Daash the "threat to the entire region", he noted that 'regional cooperation کvیl commitment to eradicating terrorism. "

For his part, Shamkhani said that "unitary approach adopted by reference senior in Iraq and the formation of the People's Forces lan defeat terrorism and armed groups and lay the foundations of sustainable security in Iraq. "

Millionday: NOTE -- THE GOAL FOR ALL IS THE FIGHT AGAINST TERRORISM AND WORKING TOGETHER IS THE WHAT NEEDS TO BE DONE AND THAT IS EXACTLY WHAT IS BEING DONE WITH NOT ONLY THE REGION BUT IT IS 60 COUNTRIES

Millionday:it met with al-Jubouri, the Iranian Foreign Minister Mohammad Javad Zarif. During the meeting, they discussed the latest developments on the regional arena and the possibility of cooperation between the countries of the region all so as to contribute to the consolidation of security and economic stability of these countries.

He Jubouri that the entire region faces great challenges of terrorism and instability, and this requires the cooperation of countries in the region all to meet these challenges and that the security and stability of Iraq will impact on the region, particularly the neighboring countries.

Millionday: For his part, Zarif, welcomed the visit, stressing that Iran is keen to consolidate its relationship with Iraqi officials, especially the President of the House of Representatives to link the common interests between the two countries.

Zarif pointed out that the stability of Iraq is in the interest of Iran and any threat to Iraq is a threat to Iran, expressing his country's readiness unlimited cooperation with the Council of Representatives of Iraq in all fields.

Millionday: SO IT APPEARS THAT THEY ARE WORKING TOGETHER AND WILL BE THERE FOR ONE ANOTHER

-- THEY WERE TO ALSO DECIDED THE BORDERS AT THIS MEETING SO AS WE CAN SEE THAT MUST HAVE BEEN DONE AS WELL OR SUCH POSIITIVE STATEMENTS WOULD NOT BE POSSIBLE WITHOUT AGREEMENT

graylnjo: Is opening to the region different than the world ...rate wise??

Millionday: THEY WILL OPEN TO ALL AT ONCE

Millionday: DUE TO TRADE AGREEMENTS AND ORGANIZATIONS IT WILL HAVE TO BE DONE THAT WAY FOR CALCUALTIONS

Pamsue: this conference did i miss the date or when it was

Millionday: THIS WAS TODAY

Millionday: ACTUALLY PORTIONS YESTERDAY AS WELL

Millionday: HERE WE GO

Millionday: A UN official said that Iraq, which is suffering from falling oil prices and the war against al-Daash request to postpone the payment of $ 4.6 billion in compensation to destroy oil installations in Kuwait during the occupation of the country in 1990-1991,

and will consider Kuwait and major powers in the Compensation Committee of the United Nations official request In a special session in Geneva on Thursday.

The same official said that "We have a request to freeze the mandatory deposit of five percent of Iraqi oil revenues in the Compensation Fund for a year."

Millionday: SO THE MEETING WITH THE UN ON THE KUWAIT MONIES WILL BE DONE TOMORROW

Millionday: BRB WITH MORE

Millionday: Said a spokesman for Prime Minister Saad al-Hadithi office, Wednesday, that the Council of Ministers will be held on Thursday a special meeting to vote on the budget and send it to the House of Representatives, while pointed out that the Prime Minister will visit Kuwait next week to support Iraq in its war against Daash.

Sabri said that "the Council of Ministers will be held on Thursday, an extraordinary session of the General Budget Law in order to create a final version to be passed and then sent to the House of Representatives for a vote."

Millionday: NOTE -- THE BUDGET WILL GO TO PARLIAMENT ON THURSDAY

Millionday: Sabri pointed out that "Abadi will visit Kuwait, next week, a visit Abadi second Bay aims to enhance cooperation and strengthen relations and coordination, as well as research support that can be provided by Kuwait to Iraq to face Daash."

He added that "Iraq will also coordinate with Kuwait to dry up the sources of financial and intellectual terrorism, in addition to discussing the economic crisis experienced by the soothsayer due to the drop in oil prices,"

noting that "the Gulf countries could play a role in supporting Iraq at this particular time military support weapons and equipment, also can discuss this matter with Kuwait during the visit of Prime Minister Haider al-Abadi. "

Millionday: He pointed out that the newborn "There is an important topic he will present Abadi on Kuwait, which Iraq postpone the payment of reparations to Kuwait because of what is going through an economic crisis and there is a preliminary approval by Kuwait to defer compensation amounting to $ 4.6 billion."

Millionday: It is noteworthy that the heads of the three presidencies Fuad Masum, and Haider al-Abadi and Salim al-Jubouri, who had pledged during the election for the office,

according to their programs to fight corruption and punish corrupt and clean government departments and institutions of them, as they pledged to open a new page in relations with neighboring countries and regional countries and the rest of the world in accordance with the requirements of the interests of Iraq according to the directives of the Supreme religious authority in Iraq.

Millionday: KNOW THAT THEY ARE BEING HELD ACCOUNTABLE FOR WHAT THEY RAN ON AND AS WE SEE AND KNOW IT IS THE REMOVAL OF CORRUPTION

Millionday: SO WE HAVE A MEETING TOMORROW ON KUWAIT AND ALSO THE MOVE OF THE BUDGET AND WE HAVE THE CALL FOR ALL REFORMS TO BE ACTIVATED

Millionday: THANK YOU ROBIN AND ALL THAT CAME -- WE WILL SEE WHAT COMES FROM THE MANY MOVES WE SEE COMING DOWN THE PIPE WITH THE STOCK MARKET AS WELL

MArco: how many readings does parliament have to do????

MArco: on budget

Millionday: 2 AND VOTE BUT WE HAVE A RUSH AND AMENDMENTS SO WE MAY NOT HAVE TO WAIT THE ENTIRE TIME

graylnjo: What puzzles me is if the RV is near, why are they wanting to defer compensation to Kuwait for a year?? Confusing!

Millionday: BECAUSE IT IS PART OF THE DEFICIT AND THIS IS USED TO CALCULATE THE PURCHASING POWER OF THE DINAR -- THEY WANT IT HIGHER

JETSET: when are we expecting parliament to do the readings and vote on the budget?

Millionday: THEY WILL MEET TOMORROW NIGHT FOR THE FIRST TIME ON IT -- EMERGENCY MEETING AS IT IS GIVEN TO THEM

JETSET: that is really fast then! awesome!

Millionday: I AGREE

MGM Millionday: Any idea when Parliament session has been extended to?

Millionday: THEY WILL BE MEETING ON THE BUDGET AND ALL THEY NEED WITH IT

Millionday: UNTIL DONE

So I wonder if Par. got the budget this afternoon??? mmmmm I bet not

I didn't see any WHOOOPOWs as I skimmed through this.   Tedious but an improvement over past posts by Mday.

No, but the camel fleas are getting big this year over there, I understand- They are beginning to pole vault-Maybe that is the reason for the Iraqis walking so fast-

Blah, blah, blah ... I wonder if dollarday and the goat are related? They certainly seem to share the ability to ramble on and on while saying nothing of merit.

I heard camel fleas make a great camel tail soup, mix it with fermented camel milk and you got your self a tasty meal,,,,mmmmm

royboy wrote:I heard camel fleas make a great camel tail soup, mix it with fermented camel milk and you got your self a tasty meal,,,,mmmmm

Served with a side of camel fries to round out the meal.

Don't forget the "fig Newtons", and sweetbreads-