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Millionday's Saturday night Update
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Millionday's Saturday night Update
Millionday: A commission of economy and investment representative, on Thursday, in its quest for new legislation to balance the country's investment supports and encourages international companies to enter the Iraqi market, as shown in detail it would hold a conference on the law early next month.
Millionday: NOTE -- THEY ARE HOLDING A CONFERENCE NEXT WEEK ON THE INVESTMENT LAWS FOR THE INTERNATIONAL INVESTORS TO COME INTO IRAQ
Millionday: The committee member said Osman Haji told / information /, "The decision, announced by Prime Minister Haider al-Abadi in Davos recently about Iraq's intention to take, is to serve the enactment of new laws and investors, particularly the private sector."
Haji said that "the economic and investment commission agreed with the need for legislation Abadi new laws favorable atmosphere for investors in order to encourage them to enter the Iraqi market."
Millionday: NOTE -- THE PIRVATE MARKET WORKING WITH AND INCLUDING INTERNATIONAL MARKETS IS A MARKET ECONOMY -- FREE TRADE WITH GLOBAL SALES AND RECOGNITION
Millionday: He explained that the "investment opportunities to be provided by law for foreign investors, is the industrial sector, and residential and commercial, and tourism, and other fields,
as well as sectors that an investor asked to work out," noting that "what concerns us is the investor, so he would not find it difficult to invest if it came to Iraq."
Millionday: NOTE -- THE GOAL IS TO GET RID OF AS MUCH RED TAPE AS THEY CAN AND ALSO PROMOTE THE ENTRY OF AS MANY COMPANIES AS THEY CAN FOR A SUCCESSFUL DIVERSE ECONOMIC DEVELOPMENT
Millionday: Haji said that "the economic and investment commission will be held at the beginning of next month's conference to explain the work of the new law to be enacted mechanism in the presence of investors and businessmen from inside the Iraqis and Arabs as well as foreigners."
Millionday: SO THIS IS THE INVESTMENT CONFERENCE -- WHICH IS SCHEDULED FOR NEXT WEEK – SMILE
Millionday: The General Company for Iraqi shows, on Wednesday, to continue Tbagesha with a number of neighboring countries and across the commercial attaché working there the possibility of establishing an Iraqi markets at home and those countries Kuwait, Iran, Egypt and the UAE.
Millionday: NOTE -- THE IRAQI SHOWS IS TO EXPAND IRAQI BUSINESSES TO OTHER COUNTRIES -- THIS IS POSSIBLE ONLY WHEN INTERNATIONALLY RECOGNIZED
Millionday: The Director General of the department Sarmad Taha Saeed said in a statement reported for "Twilight News", said his company is now working on the development of plans and proposals and mechanisms for the promotion of cycle 42 next to the Baghdad International Fair addition to conducting interviews with curators to mount exhibitions specialist of some countries on the land of the Baghdad International Fair, or in provinces safe through coordination timings according to a timetable to set up.
Millionday: He noted that the company after its contract with the Islamic Republic of Iran will start Iranian specialist in all Iranian products in the energy and power, infrastructure and food during the second half of next February and exhibition areas over three days with the participation of more than 250 Iranian companies.
Millionday: NOTE -- THEY ARE EXPECTING TO EXAPND IN THE SECOND HALF OF FEB -- THAT IS VERY SOON – WHOOPOW
Millionday: He noted that his company is happy to and within the activity in the import and export has granted nine licenses to issue and renew total 3 identity export and ratification 4 certificates of origin in 1038 and the granting of import license and the issuance of 118 identity and renewal of import 69 import identity.
Millionday: SO WE ARE TALKING ABOUT LICENSING AND CONTRACTS -- THIS IS NOT THE MOU`S WE SAW BEFORE OR PLANS ETC -- SO OBVIOUSLY ACTION AND PROGRESS INTERNATIONALLY IS EXPECTED ---
The Shoe: And you are certain they have to have a tradeable currencey prior to that happening?
Millionday: THEY HAVE TO HAVE A TRADABLE CURRENCY BEFORE THEY EXPAND THEIR PRODUCTS TO THE GLOBE WITHOUT A DOUBT
Millionday: THE FIRST PRODUCT OF ALL COUNTRIES IS THEIR CURRENCY --IT HOLDS THE VALUE OF WHAT YOU WILL EARN`S VALUE
Millionday: WHY ISNT IT A PIECE OF PAPER ? -- BECAUSE IT IS CALULATED FAIRLY BY THE INTERNATIONAL PRICE INDEX CALCULATION THAT IS USED BY THE GLOBAL MARKET
Millionday: Gulf Arab oil states may need to rethink longstanding economic policies, including their fixed exchange rates, over the next couple of years as economic cycles in the region and the United States diverge. The deflationary trend will impact the region as hard-times emerge and the economies decline into 2020.
Millionday: NOTE -- THE WORLD BANK IS TALKING ABOUT THE MIDDLE EASTERN REGION AND THE PEGGING TO THE DOLLAR AND ALSO NOT FLOATING TO LET THE MARKET DRIVE THEIR CURRENCIES -- VERY INTERESTING TIMING
Millionday: The six nations in the Gulf Cooperation Council (GCC) have pegged their currencies to the dollar. What was once viewed as a stabilization mechanism will turn against them and import deflation as oil prices collapse.
True, in recent years the GCC economies have moved more out of sync with the United States.
However, the pegs are now pressing the GCC policymakers to mirror the U.S. central bank’s decisions even though this is contrary to domestic policy objectives.
Millionday: NOTE -- THEY ARE STATING THAT ALL ECONOMIC DECISIONS DO NOT NEED TO BE BASED ON THE VALUE OF THE DOLLAR AND THEY WOULD LIKE IT NOT TO ALL BE PEGGED TO THE US DOLLAR --- INSTEAD BE PEGGED TO THE SDR
Millionday: As long as they have currency pegs to the dollar, the Gulf States could face destabilizing capital outflows/inflows if they allow large interest rate gaps to open up with the United States.
There remains a risk that the US will be forced to raise rates to fight a rise in the stock market as capital inflows pour in from many regions. We are likely to witness extreme currency destabilization in the years ahead
Millionday: SO AS LONG AS THEY ARE PEGGED TO THE US DOLLAR THEY ARE AT THE MERCY OF WHAT THE US ECONOMY CONDITION IS --
Millionday: THE WORLD BANK IS STATING THAT THEY WANT THIS TO CHANGE AND SO SHOULD THE COUNTRIES INVOLVED ACCORDING TO WHAT THEY ARE SAYING HERE
jtank: which way is better iyo-why?
Millionday: THE AVERAGE THAT IS USED IN MULTIPLE CURRENCIES MAKE THE PEG TO THEM LESS RELIANT ON ONE COUNTRY`S ECONOMIC CONDITION -- BAD OR GOOD –
AND THE RELIANCE ON ONE COUNTRY DOES JUST THAT -- IT MINIMIZES WHAT EFFECTS THEIR RATE IN THAT COUNTRY FOR BUSINESS
Papatom: MD, do you know any country, whos currency is worth more than the dollar that is pegged to the dollar? I was un aware of the GCC countries being pegged to the dollar...am I reading that right? are they already there? or are they moving that way?
Millionday: THEY ARE REFERING TO THE MIDDLE EAST CURRENCIES BEING PEGGED TO THE US DOLLAR -- AND STATING THAT THEY WOULD LIKE THEM TO BE PEGGED TO THE SDR TO MINIMIZE FLUCTUATION AS A RESULT ON JUST THE DOLLAR FLUCTUATING
Millionday: I DONT KNOW BUT IT SEEMS THAT THE WORLD BANK WOULD PREFER ALL FLOAT IN THAT REGION SO THAT IS CERTAINLY INTERESTING TIMING FOR THIS REPORT FROM THEM
The Shoe: Why would they want that?
Millionday: BECAUSE IT CREATES AN EVEN MORE FAIR TRADING PLATFORM DURING LACK OF MARKET TIMES AND MAKES THE ACTUAL RATE CLOSER TO WHAT THEY ARE WORTH AT ALL TIMES ---
IF THEIR MARKET CRASHES SO DOES THEIR VLAUE RIGHT WITH IT SO IT IS MORE ACCURATE
The Shoe: What do you mean by all float in that region? Just trying to understand.
Millionday: I MEAN THAT THEY WOULD LIKE FOR ALL CURRENCIES TO BE PEGGED TO THE AVERAGE THAT IS SHOWN BY CALULATION OF THE CURRENCIES IN THE SDR (CURRENCY BASKET) –
WHEN PEGGED TO THAT THEY ARE NOT AFFECTED TO ONE COUNTRY AND THE LOWER VALUE THEY MIGHT ENDURE OR A HIGH VALUE AS FAR AS THAT GOES -- THIS ALLOWS A MORE LEVEL VALUE ---
THE US DOLLAR RATE FLUCTUATES AND THERE FORE AS WE HAVE WITNESSED -- SO DO THE CURRENCIES THAT ARE PAIRED WITH IT
VIP.DIGIman1: by them pegging to the SDR, would that not affect the exchange rate in itself?
Millionday: THAT WOULD AFFECT THE RATE BUT NOT THE TRUE VALUE -- THE PURCHASING POWER WITHIN THE COUNTRY WOULD BE THE SAME BUT THE PAIRING TO THE SDR WOULD THEN BE PAIRED TO THE US DOLLAR AND THE EURO ACCORDING TO THAT CALULATION AND LESS LIKELY TO FLUCTUATE ACCORDING TO ONE MARKET AS MUCH
.VIP.DIGIman1: it would still be calculated in USD then?
Millionday: IT WOULD BE AS ANY OTHER CURRENCY THAT IS PEGGED TO THE SDR
Millionday: YES IT WOULD HAVE A RATE BUT BE LESS LIKELY TO CHANGE SO MUCH FOR THE US DOLLAR FLUCTATIONS AND ONLY FLUCTUATE ACCORDING TO THE CALULATION AND THEIR MARKET GAIN IF IT FLOATS -- FIXED IT WOULD JUST AFFECT THE ORIGINAL RATE MOSTLY
Millionday: SDR IS AN AVERAGE OF CURRENCIES
Loopback: Is the Yen and Pound still part of the SDR? Or is it just Euro and USD?
_firefly_: The currency value of the SDR is determined by summing the values in U.S. dollars, based on market exchange rates, of a basket of major currencies (the U.S. dollar, Euro, Japanese yen, and pound sterling).
Millionday: The President of the Investment Commission of Baghdad, Shaker Zamili, that the draft Basmajh the biggest of its kind in the history of the state, and added: "We are awaiting the receipt of a payment for $ 350 million to complete the delivery of 10 000 housing units."
He Zamili told the "here Baghdad", under "special meeting" program: "We have orientations establishing industrial cities outside the cities along the lines of the industrial city in Alnehraon, has Asthsalna approvals Baghdad Secretariat for the transfer of the industrial cities outside the cities,"
pointing out that we are working on Coordination with the local administration to Baghdad to establish industrial cities in Latifiyah, Taji and Abu Ghraib.
Millionday: NOTE -- THE INVESTMENT LAW IS CALLED "HERE BAGHDAD " WHEN TRANSLATED
Millionday: NOTE -- PARLIAMENT AND COMMITTEES WORKING ON INVESTMENT ARE MEETING FOR DEVELOPMENT AS PROMISED -- PLEASE REMEMBER THAT ABADI HAS CALLED FOR ALL REFORMS AND GOV PROGRAM TO BE ACTIVATED ALONG WITH ALL CONTRACTS ETC
Millionday: He pointed out that Baghdad Investment Authority is working to build bridges of cooperation between the Baghdad Provincial Secretariat of the conduct of its work, pointing out that the investment actually began in 2010.
He explained that some of the electrical circuits and the like trying to extort businesses by providing the necessary services for its projects, saying that the non-application of the law leads to disregard a number of state institutions and blackmail investors.
Millionday: NOTE -- TRYING TO GO AROUND THE RULES SET BY THE SANCTIONS AND THE RULES THERE-OF --- THEY HAVE HAD SOME WORK DONE UNDER A NEED FOR SURVIVAL
Millionday: He explained that the powers of the Investment Commission of Baghdad prevents attracting major companies, noting that the investment law in Iraq has provided investors with a broad powers of the most important laws in the world.
Zamili stressed that the security situation does not constitute an obstacle to investors, but the reason for the reluctance of investment is the bureaucracy and red tape, saying that it can not be the investor that runs contrary to the rules and conditions as the sole loser of the investment process, unlike Contracting.
Millionday: NOTE -- THEY ARE SAYING THAT CONTRACTING IS A GIVEN AND HAS BEEN DONE BUT THE PRIVATE SECTOR HAS ROUD BLOCKS IN EXPANDING TO HAVE MERGERS AND INVESTORS AT THIS POINT DUE TO RED TAPE -- OR OTHER THINGS DEPENDING ON WHO YOU ASK
Millionday: THE GOAL OF THIS MEETING IS TO REMOVE ANY OBSTACLES DUE TO THE GOAL OF COURSE TO ENTER THE MARKET --PROMOTE IRAQ -- AND GROW AS A COUNTRY BY INVESTMENTS
Millionday: SMILE >>>>Zamili and hope that the government will continue Bdawatha to support the private sector, as well as the industrial sector, government support to be able to compete with the foreign product, along with the imposition of taxes on foreign goods, since the imposition of taxes on foreign goods is a support for local products.
Tsrihlt felt that some of the negative political impact on attracting major investment companies, and added: "we see a real will to support the national economy from the government and to provide an appropriate atmosphere to revive this economy."
Millionday: SO OBVIOUSLY THE REVIVING OF THIS ECONOMY IS THE GOAL OF ALL AND ONE OF THOSE STEPS IS TO IMPROVE THE PURCHASING POWER
AND ALSO SET THE REALITY RATE FOR THE DINAR ON THE MARKET AND ALSO MOVE THE ISX TO GLOBAL INVESTORS
The Shoe: Would that 350,000,000.00 come from the budget or somewhere else?
Millionday: ALL AMOUNTS THAT ARE DISTRIBUTED WILL COME FROM THE FUNDING OF CBI FOR THE BUDGET -- SO THEY WILL FUND THE DEVELOPMENT BANKS
AND ANY BANKS FOR PROVINCES ETC AND THEN AMOUNTS WILL COME FROM THAT -- UNLESS IT IS PRIVATE
preacherman: Just got here. Are we in the Gazette yet?
Millionday: THE BUDGET HAS NOT BEEN PRINTED YET
faith1: millionday ,, didn't we read in your first article that they want to make it easy / remove obstacles for the investors at the meeting ?
Millionday: YES -- THEY ARE USING EXPERTS TO HELP THEM TO CREATE THE EASIEST IN THE WORLD INVESTMENT LAW AS THEY PUT IT --
Millionday: NOTE -- THIS COMES DIRECTLY FROM THE NATIONAL RECONCILIATION
Millionday: The Concepts of the Civil Society
The civil society evolves from modern social and economical compositions, i.e. classes, professional categories, or any other interest groups. These changes in the Western countries were taking place synchronously with the capitalist and urban transformation, citizenship rights,
Millionday: and the birth of the modern concept of the national state. Although the factn that the loyalty to the national state should follow that absolute allegiance of its citizens, as a normal embodiment for the whole society,
however, a subsidiary objective allegiance manifests according to the individual selfinterest, hereby the allegiance concentrates in the class, profession, district, etc…
Thus, voluntary organizations emerge and their sphere extends to include the numerous interests of people, like political parties, trade unions, syndicates, clubs, and social institutions.
Millionday: NOTE - THE ECONOMIC CONDITION OF A COUNTRY IS INTERWOVEN --- IN THIS CASE THIS IS IRAQ -- AND OBVIOUSLY IT INCLUDES TRADE UNIONS AND THE ECONOMY THE CONSTITUTION PROVIDES
Millionday: The relation between the civil society and the democratic transformation seems clear and logic. Democracy is a set of basis for ruling the state and its institutions by means of peaceful administration of the relations between the various competitive groups and discordant interests.
Therefore, the fundamental measure for the civil society is the same fundamental measure for democracy. For instance, if we displace the system of the direct democracy in "Athens" or in "the city council", we’ll find out that the CSOs are the best channels for public's participation in rule.
Millionday: Civil Society Organizations and the National Reconciliation Process Civil society organizations have many advantages that may enable them to play an effective role in portraying a positive image for citizenship and national unity, as follows;
1 – Neutrality.
2 – Independence of decision-making.
3 – High effectiveness, especially after the extensive development of networking.
4 – The wide range of social and geographical effect.
Millionday: NOTE -- THIS IS FROM ALL PARTIES AND ALL GOV INSTITUTIONS -- INCLUSIVE OF OPPORTUNITY
Millionday: 5 – The societal legitimacy as a result of manifesting the voluntary and the non-profitable sides of the organizations work.
The CSOs could empower the principle of citizenship, which is considered the real concept for the national unity, through the following;
– Spreading the culture of citizenship and non-violence in their varied programs and activities.
– Spreading and development of the culture of dialogue, respecting the opposite opinions, and renunciation of the practices of exclusion and marginalization policies against any race or class.
– Development of their programs to combat ignorance, under-development, and illiteracy.
– Development of awareness campaigns, and spreading the knowledge on international agreements and protocols related to Human Rights field.
– Establishment of principles of the participative democracy and reconstruction of Iraq.
– Coordination, networking, and impact to redraft the constitution, exclude it from the entire racist, sectarian, or any other discriminative forms, and abolition of all the articles conflicting with the national unity, or threateningsocial fabric.
Millionday: NOTE -- THIS IS LIKE THE REFERENCE FOR RECONCILIATION BUT -- NOW COMES MORE ON WHAT THIS MEANS ECONOMICALLY
Millionday: The International Compact is an international initiative to strengthen the partnership between Iraq and the International community, it aims to implement a framework that seeks to achieve the national Iraqi vision aiming to achieve the demands of the Iraqi people in laying down the foundations for a united democratic state that is secure and stable, where all citizens have equal rights and duties,
Millionday: SMILE >>> it also seeks to set the foundations for a prosperous economy with a varied production base that can provide the requirements needed for sustainable development according to market factors, one that is open and assimilated with the world and other economies in the region,
in particular those of the neighboring states, making Iraq an effective member of international and regional organizations with the ability to offer aids to needy and underprivileged countries, allowing the private sector to play a leading role in economic activity,
Millionday: WHOOPOW
Millionday: with a special role for the government in regulating this activity, protecting it from the effects of external turbulences, protecting the poor and underprivileged communities from deprivation and starvation and to provide proper standards of public social services for Iraqi civilians.
Millionday: NOTE -- THEY ARE TO HAVE AVAILABLE BENEFITS FOR THEIR CITIZENS
Millionday: Internationally, the Compact lay down a work frame of mutual commitments inspired by the Madrid 2003 conference, the Abu Dhabi September 2006 Meeting, and the Kuwait October 2006 Meeting with the objective of a secured, stable and prosperous Iraq,
where good governance practice is prevalent and human rights are strongly secured by the sovereignty of law, other objectives include the sustaining and strengthening those commitments for the entire duration of the Compact and beyond,
Millionday: NOTE -- THIS IS THE REASON THAT ALL ARE EXCITED FOR THEIR POSITION TO BE PREPARATION FOR THE CONFERENCE OF NATIONAL RECONCILIATION –
THE REST HAS BEEN DONE AND IS SET FOR THE COUNTRY --- CIVIL IS AN ONGOING -- HOWEVER THE ECONOMIC PICTURE IS THE TURNING OF A PAGE THEY HAVE NOT DONE YET IN THE MARKET
Millionday: , as well as recognizing the achievements of the new Iraq as represented through the adoption of a constitution in November 2005, the conduct of parliamentary elections in December 2005, according to which the first permanent cabinet was formed in May 2006.
Millionday: NOTE -- THE BUILDING OF THE NEW IRAQ
Millionday: READ EVREY WORD>>>The International Compact declaration pointed out that security and political challenge, implementation of good governance practices and provision of basic services are major demands for progress in all other fields, including economic revitalization.
The Compact was firmly based on belief in the assumed interdependent relationship between peace and economic prosperity, national reconciliation, enhancing security and good governance, resuming economic and social reform are all important aspects of unleashing the Iraq development potential.
Millionday: WHOOOPOW
Millionday: The declaration also stated that applying the joint vision for Iraq’s future successfully requires the rejection of terrorism and extremism, holding debate, fostering national reconciliation, formation of professional security forces that are loyal solely to the homeland, hard efforts to eliminate terrorist threats, and finally coming up with a feasible solution for the merging of militias into security forces.
Millionday: NOTE -- WE OF COURSE HAVE BEEN WITNESSING THAT
Millionday: The declaration determined the major outlines for Iraq’s political and security needs as part of the governmental program and the national reconciliation plan, thus the following points are to be considered essential demands for the creation of a stable country and a robust society, so as to achieve reconciliation between the various components of the Iraqi people.
Millionday: NOTE -- HERE ARE THOSE COMPONENTS
Millionday: • Rejection of terrorism and actively attempting to quell it, rejection of violence targeting the state and violence amongst ethno-sectarian groups in the country.
• Respecting the sovereignty of law, including civil freedom and human rights.
• Building a democratic, federal Iraq that is united and sovereign.
• Adding a consensual pattern to federal democracy through a process based on unanimous consensus.
• A fair distribution of resources.
• Cooperation with neighboring states based on mutual interests.
Millionday: NOTE -- SO SOME BELIEVE THAT IT IS ALL CIVIL AND ALSO COMPLIANCE WITH DEMOCRATIC SYSTEM -- HOWEVER -- IT IS ALSO THE RIGHT TO PROSPER FOR ALL --
Millionday: The declaration also stressed that international partners will offer administrative, technical and financial support to aid Iraq in facing challenges as part of their mutual commitments, so that Iraq rejoins its regional and international sphere on a plateau of mutual respect fuelled by an effort to achieve mutual interests, the Compact stresses the Iraqi government’s commitment to combat corruption,
Millionday: which reflects the government’s responsibility toward its civilians so as to instill practices and institutes that are transparent whereby state employees are held accountable for their actions, the Compact’s major objective is the construction of a united, democratic Iraq where all citizens enjoy an equal distribution of resource regardless of their backgrounds.
Millionday: NOTE -- THE DISTRIBUTION OF WEALTH IS PART OF THE NATIONAL RECONCILIATION
Millionday: >>>>>>The achievement of prosperity is an important aspect of this vision, as experiences in other regions have shown that continuous growth in employment and quality of life must be led by a strong, varied private sector.
The government has an important role to tend to in several ways, such as efficient administration of oil revenues, creation of a legal regulatory framework that rules the entire economy, protects the vulnerable groups and provides security. However, the true source of economic blossom must pass through the private sector.
Millionday: NOTE -- THIS IS VERY VERY IMPORTANT FOR EVERYONE TO READ
Millionday: The programs for investment and reform were also discussed in detail in the declaration, so as to fulfill the mutual commitments that both the government of Iraq and the international community will carry out jointly.
The procedures for reform and investment will be part of a mid-term financial framework that will help meet fiscal expectations within this mid-term duration.
The Compact also put in place a time frame for the work of international partners, including tangible financial obligations that are part of government reform efforts based on an internationally-recognized frame work by which the needs of Iraq are inspected. Millionday: NOTE --- HUGE PART OF THIS REPORT ---- UNDERSTAND --- THIS IS PART OF THE REFORMS WRITTEN RIGHT HERE
Millionday: NOTE -- THE REFORMS ARE BUILT ON AN INTERNATIONALLY RECOGNIZED FRAMEWORK
Millionday: WHOOPOW
Millionday: The declaration ends by providing a summary of the coordination, execution and follow up steps, list the assessment operations in alignment with the advisory team operations,
also based on ongoing national plans and aidcoordination mechanisms such as the national development strategy for example, sector work groups and other teams, enforcing them whenever need arises to reflect demands and arising development
Millionday: SO THIS IS OBVIOUSLY PER ANNOUNCEMENTS OF IRAQ THE CURRENT PHASE WE ARE IN RIGHT NOW -- THE PHASE OF REFORMS AND THE GOV PROGRAMS AS WE READ LAST NIGHT
Mary: Do you have access to the Gazette once everything is printed ? Like will you know right away or do you have to learn of it by other means. thanks..
Millionday: THE GAZETTE IS NOT ON-LINE -- HOWEVER IT WILL BE TOLD IN A PRESS STATEMENT SO IT WILL BE KNOWN RIGHT AWAY
faith1: the Compact’s major objective is the construction of a united, democratic Iraq where all citizens enjoy an equal distribution of resource regardless of their backgrounds. what does ..The procedures for reform and investment will be part of a mid-term financial framework ...mid term ?
Millionday: IT MEANS THAT THEY HAVE PLANNED TO FINANCIAL PORTION TO BE AFTER SOME OF THE THINGS HERE WERE DONE AND THEY HAVE BEEN –
SECURITY AND LAWS FOR THE CITIZENS AND CIVIL ACTIONS WITH ---- THE LAWS THAT HAVE BEEN PUT IN PLACE FOR A CIVIL COMMUNITY -- A SOCIETY THAT PROTECTS THE CITIZEN
msdiva: Millionday do you think we are still on the 15 day schedule for the signing of the Budget?
Millionday: THE PRESIDENT TOLD PARLIAMENT THEY COULD NOT TAKE A HOLIDAY TO RUSH THE BUDGET AND CBI HAS FUNDED THE DEVELOPMENT BANK SO I WOULD THINK IT WAS SOONER DUE TO THE HUGE RUSH AND THE CONFERENCES ETC THAT ARE SCHEDULED –
BUT AT THE END OF THE DAY IT IS ALL UP TO THE PRESIDENT
messenger: A reference was made to mid term goals how long is that midterm is it a year or two years of the four-year term of Abadi
Millionday: THE MID-TERM GOAL IS THE MIDDLE OF RECONCILIATION AND THIS PLAN FOR IRAQ ----
THERE IS MORE TO BE DONE AFTER THEY HAVE COMPLETED THE EMPOWERMENT OF THE PRIVATE SECTOR IN THE NATIONAL RECONCILIATION PLAN –
THIS IS TALKING ABOUT THE MIDDLE OF THE PLAN ITSELF WILL SEE THE ECONOMICAL THINGS DONE
Papatom: one thing i noticed is the participation of international companies training the iraqi's... that will enable them to become proficient in a short time to operate in a new world and make money to support a nice lifestyle working in different careers with competence....
and the cost will be born by the individual corporate partners...FORD ... G.E. .... APPLE.... Standard Charter ..... it's very complete.....
Millionday: YES -- THAT GOES ALONG WITH THIS PLAN STATING THAT THIS WILL BE WITH INTERNATIONAL RECOGNITION ---
THE ECONOMICAL PARTNERS ARE THE INTERNATIONAL COMMUNITY AS WE SEE IN THE ENTIRE CHANGING PLAN OF NATIONAL RECONCILIATION WHICH BEGAN DAY ONE AFTER AND DURING THE SANCTIONS
Millionday: WE HAVE NEWSTIME TOMORROW AT 730 EST
Millionday: NOTE -- THEY ARE HOLDING A CONFERENCE NEXT WEEK ON THE INVESTMENT LAWS FOR THE INTERNATIONAL INVESTORS TO COME INTO IRAQ
Millionday: The committee member said Osman Haji told / information /, "The decision, announced by Prime Minister Haider al-Abadi in Davos recently about Iraq's intention to take, is to serve the enactment of new laws and investors, particularly the private sector."
Haji said that "the economic and investment commission agreed with the need for legislation Abadi new laws favorable atmosphere for investors in order to encourage them to enter the Iraqi market."
Millionday: NOTE -- THE PIRVATE MARKET WORKING WITH AND INCLUDING INTERNATIONAL MARKETS IS A MARKET ECONOMY -- FREE TRADE WITH GLOBAL SALES AND RECOGNITION
Millionday: He explained that the "investment opportunities to be provided by law for foreign investors, is the industrial sector, and residential and commercial, and tourism, and other fields,
as well as sectors that an investor asked to work out," noting that "what concerns us is the investor, so he would not find it difficult to invest if it came to Iraq."
Millionday: NOTE -- THE GOAL IS TO GET RID OF AS MUCH RED TAPE AS THEY CAN AND ALSO PROMOTE THE ENTRY OF AS MANY COMPANIES AS THEY CAN FOR A SUCCESSFUL DIVERSE ECONOMIC DEVELOPMENT
Millionday: Haji said that "the economic and investment commission will be held at the beginning of next month's conference to explain the work of the new law to be enacted mechanism in the presence of investors and businessmen from inside the Iraqis and Arabs as well as foreigners."
Millionday: SO THIS IS THE INVESTMENT CONFERENCE -- WHICH IS SCHEDULED FOR NEXT WEEK – SMILE
Millionday: The General Company for Iraqi shows, on Wednesday, to continue Tbagesha with a number of neighboring countries and across the commercial attaché working there the possibility of establishing an Iraqi markets at home and those countries Kuwait, Iran, Egypt and the UAE.
Millionday: NOTE -- THE IRAQI SHOWS IS TO EXPAND IRAQI BUSINESSES TO OTHER COUNTRIES -- THIS IS POSSIBLE ONLY WHEN INTERNATIONALLY RECOGNIZED
Millionday: The Director General of the department Sarmad Taha Saeed said in a statement reported for "Twilight News", said his company is now working on the development of plans and proposals and mechanisms for the promotion of cycle 42 next to the Baghdad International Fair addition to conducting interviews with curators to mount exhibitions specialist of some countries on the land of the Baghdad International Fair, or in provinces safe through coordination timings according to a timetable to set up.
Millionday: He noted that the company after its contract with the Islamic Republic of Iran will start Iranian specialist in all Iranian products in the energy and power, infrastructure and food during the second half of next February and exhibition areas over three days with the participation of more than 250 Iranian companies.
Millionday: NOTE -- THEY ARE EXPECTING TO EXAPND IN THE SECOND HALF OF FEB -- THAT IS VERY SOON – WHOOPOW
Millionday: He noted that his company is happy to and within the activity in the import and export has granted nine licenses to issue and renew total 3 identity export and ratification 4 certificates of origin in 1038 and the granting of import license and the issuance of 118 identity and renewal of import 69 import identity.
Millionday: SO WE ARE TALKING ABOUT LICENSING AND CONTRACTS -- THIS IS NOT THE MOU`S WE SAW BEFORE OR PLANS ETC -- SO OBVIOUSLY ACTION AND PROGRESS INTERNATIONALLY IS EXPECTED ---
The Shoe: And you are certain they have to have a tradeable currencey prior to that happening?
Millionday: THEY HAVE TO HAVE A TRADABLE CURRENCY BEFORE THEY EXPAND THEIR PRODUCTS TO THE GLOBE WITHOUT A DOUBT
Millionday: THE FIRST PRODUCT OF ALL COUNTRIES IS THEIR CURRENCY --IT HOLDS THE VALUE OF WHAT YOU WILL EARN`S VALUE
Millionday: WHY ISNT IT A PIECE OF PAPER ? -- BECAUSE IT IS CALULATED FAIRLY BY THE INTERNATIONAL PRICE INDEX CALCULATION THAT IS USED BY THE GLOBAL MARKET
Millionday: Gulf Arab oil states may need to rethink longstanding economic policies, including their fixed exchange rates, over the next couple of years as economic cycles in the region and the United States diverge. The deflationary trend will impact the region as hard-times emerge and the economies decline into 2020.
Millionday: NOTE -- THE WORLD BANK IS TALKING ABOUT THE MIDDLE EASTERN REGION AND THE PEGGING TO THE DOLLAR AND ALSO NOT FLOATING TO LET THE MARKET DRIVE THEIR CURRENCIES -- VERY INTERESTING TIMING
Millionday: The six nations in the Gulf Cooperation Council (GCC) have pegged their currencies to the dollar. What was once viewed as a stabilization mechanism will turn against them and import deflation as oil prices collapse.
True, in recent years the GCC economies have moved more out of sync with the United States.
However, the pegs are now pressing the GCC policymakers to mirror the U.S. central bank’s decisions even though this is contrary to domestic policy objectives.
Millionday: NOTE -- THEY ARE STATING THAT ALL ECONOMIC DECISIONS DO NOT NEED TO BE BASED ON THE VALUE OF THE DOLLAR AND THEY WOULD LIKE IT NOT TO ALL BE PEGGED TO THE US DOLLAR --- INSTEAD BE PEGGED TO THE SDR
Millionday: As long as they have currency pegs to the dollar, the Gulf States could face destabilizing capital outflows/inflows if they allow large interest rate gaps to open up with the United States.
There remains a risk that the US will be forced to raise rates to fight a rise in the stock market as capital inflows pour in from many regions. We are likely to witness extreme currency destabilization in the years ahead
Millionday: SO AS LONG AS THEY ARE PEGGED TO THE US DOLLAR THEY ARE AT THE MERCY OF WHAT THE US ECONOMY CONDITION IS --
Millionday: THE WORLD BANK IS STATING THAT THEY WANT THIS TO CHANGE AND SO SHOULD THE COUNTRIES INVOLVED ACCORDING TO WHAT THEY ARE SAYING HERE
jtank: which way is better iyo-why?
Millionday: THE AVERAGE THAT IS USED IN MULTIPLE CURRENCIES MAKE THE PEG TO THEM LESS RELIANT ON ONE COUNTRY`S ECONOMIC CONDITION -- BAD OR GOOD –
AND THE RELIANCE ON ONE COUNTRY DOES JUST THAT -- IT MINIMIZES WHAT EFFECTS THEIR RATE IN THAT COUNTRY FOR BUSINESS
Papatom: MD, do you know any country, whos currency is worth more than the dollar that is pegged to the dollar? I was un aware of the GCC countries being pegged to the dollar...am I reading that right? are they already there? or are they moving that way?
Millionday: THEY ARE REFERING TO THE MIDDLE EAST CURRENCIES BEING PEGGED TO THE US DOLLAR -- AND STATING THAT THEY WOULD LIKE THEM TO BE PEGGED TO THE SDR TO MINIMIZE FLUCTUATION AS A RESULT ON JUST THE DOLLAR FLUCTUATING
Millionday: I DONT KNOW BUT IT SEEMS THAT THE WORLD BANK WOULD PREFER ALL FLOAT IN THAT REGION SO THAT IS CERTAINLY INTERESTING TIMING FOR THIS REPORT FROM THEM
The Shoe: Why would they want that?
Millionday: BECAUSE IT CREATES AN EVEN MORE FAIR TRADING PLATFORM DURING LACK OF MARKET TIMES AND MAKES THE ACTUAL RATE CLOSER TO WHAT THEY ARE WORTH AT ALL TIMES ---
IF THEIR MARKET CRASHES SO DOES THEIR VLAUE RIGHT WITH IT SO IT IS MORE ACCURATE
The Shoe: What do you mean by all float in that region? Just trying to understand.
Millionday: I MEAN THAT THEY WOULD LIKE FOR ALL CURRENCIES TO BE PEGGED TO THE AVERAGE THAT IS SHOWN BY CALULATION OF THE CURRENCIES IN THE SDR (CURRENCY BASKET) –
WHEN PEGGED TO THAT THEY ARE NOT AFFECTED TO ONE COUNTRY AND THE LOWER VALUE THEY MIGHT ENDURE OR A HIGH VALUE AS FAR AS THAT GOES -- THIS ALLOWS A MORE LEVEL VALUE ---
THE US DOLLAR RATE FLUCTUATES AND THERE FORE AS WE HAVE WITNESSED -- SO DO THE CURRENCIES THAT ARE PAIRED WITH IT
VIP.DIGIman1: by them pegging to the SDR, would that not affect the exchange rate in itself?
Millionday: THAT WOULD AFFECT THE RATE BUT NOT THE TRUE VALUE -- THE PURCHASING POWER WITHIN THE COUNTRY WOULD BE THE SAME BUT THE PAIRING TO THE SDR WOULD THEN BE PAIRED TO THE US DOLLAR AND THE EURO ACCORDING TO THAT CALULATION AND LESS LIKELY TO FLUCTUATE ACCORDING TO ONE MARKET AS MUCH
.VIP.DIGIman1: it would still be calculated in USD then?
Millionday: IT WOULD BE AS ANY OTHER CURRENCY THAT IS PEGGED TO THE SDR
Millionday: YES IT WOULD HAVE A RATE BUT BE LESS LIKELY TO CHANGE SO MUCH FOR THE US DOLLAR FLUCTATIONS AND ONLY FLUCTUATE ACCORDING TO THE CALULATION AND THEIR MARKET GAIN IF IT FLOATS -- FIXED IT WOULD JUST AFFECT THE ORIGINAL RATE MOSTLY
Millionday: SDR IS AN AVERAGE OF CURRENCIES
Loopback: Is the Yen and Pound still part of the SDR? Or is it just Euro and USD?
_firefly_: The currency value of the SDR is determined by summing the values in U.S. dollars, based on market exchange rates, of a basket of major currencies (the U.S. dollar, Euro, Japanese yen, and pound sterling).
Millionday: The President of the Investment Commission of Baghdad, Shaker Zamili, that the draft Basmajh the biggest of its kind in the history of the state, and added: "We are awaiting the receipt of a payment for $ 350 million to complete the delivery of 10 000 housing units."
He Zamili told the "here Baghdad", under "special meeting" program: "We have orientations establishing industrial cities outside the cities along the lines of the industrial city in Alnehraon, has Asthsalna approvals Baghdad Secretariat for the transfer of the industrial cities outside the cities,"
pointing out that we are working on Coordination with the local administration to Baghdad to establish industrial cities in Latifiyah, Taji and Abu Ghraib.
Millionday: NOTE -- THE INVESTMENT LAW IS CALLED "HERE BAGHDAD " WHEN TRANSLATED
Millionday: NOTE -- PARLIAMENT AND COMMITTEES WORKING ON INVESTMENT ARE MEETING FOR DEVELOPMENT AS PROMISED -- PLEASE REMEMBER THAT ABADI HAS CALLED FOR ALL REFORMS AND GOV PROGRAM TO BE ACTIVATED ALONG WITH ALL CONTRACTS ETC
Millionday: He pointed out that Baghdad Investment Authority is working to build bridges of cooperation between the Baghdad Provincial Secretariat of the conduct of its work, pointing out that the investment actually began in 2010.
He explained that some of the electrical circuits and the like trying to extort businesses by providing the necessary services for its projects, saying that the non-application of the law leads to disregard a number of state institutions and blackmail investors.
Millionday: NOTE -- TRYING TO GO AROUND THE RULES SET BY THE SANCTIONS AND THE RULES THERE-OF --- THEY HAVE HAD SOME WORK DONE UNDER A NEED FOR SURVIVAL
Millionday: He explained that the powers of the Investment Commission of Baghdad prevents attracting major companies, noting that the investment law in Iraq has provided investors with a broad powers of the most important laws in the world.
Zamili stressed that the security situation does not constitute an obstacle to investors, but the reason for the reluctance of investment is the bureaucracy and red tape, saying that it can not be the investor that runs contrary to the rules and conditions as the sole loser of the investment process, unlike Contracting.
Millionday: NOTE -- THEY ARE SAYING THAT CONTRACTING IS A GIVEN AND HAS BEEN DONE BUT THE PRIVATE SECTOR HAS ROUD BLOCKS IN EXPANDING TO HAVE MERGERS AND INVESTORS AT THIS POINT DUE TO RED TAPE -- OR OTHER THINGS DEPENDING ON WHO YOU ASK
Millionday: THE GOAL OF THIS MEETING IS TO REMOVE ANY OBSTACLES DUE TO THE GOAL OF COURSE TO ENTER THE MARKET --PROMOTE IRAQ -- AND GROW AS A COUNTRY BY INVESTMENTS
Millionday: SMILE >>>>Zamili and hope that the government will continue Bdawatha to support the private sector, as well as the industrial sector, government support to be able to compete with the foreign product, along with the imposition of taxes on foreign goods, since the imposition of taxes on foreign goods is a support for local products.
Tsrihlt felt that some of the negative political impact on attracting major investment companies, and added: "we see a real will to support the national economy from the government and to provide an appropriate atmosphere to revive this economy."
Millionday: SO OBVIOUSLY THE REVIVING OF THIS ECONOMY IS THE GOAL OF ALL AND ONE OF THOSE STEPS IS TO IMPROVE THE PURCHASING POWER
AND ALSO SET THE REALITY RATE FOR THE DINAR ON THE MARKET AND ALSO MOVE THE ISX TO GLOBAL INVESTORS
The Shoe: Would that 350,000,000.00 come from the budget or somewhere else?
Millionday: ALL AMOUNTS THAT ARE DISTRIBUTED WILL COME FROM THE FUNDING OF CBI FOR THE BUDGET -- SO THEY WILL FUND THE DEVELOPMENT BANKS
AND ANY BANKS FOR PROVINCES ETC AND THEN AMOUNTS WILL COME FROM THAT -- UNLESS IT IS PRIVATE
preacherman: Just got here. Are we in the Gazette yet?
Millionday: THE BUDGET HAS NOT BEEN PRINTED YET
faith1: millionday ,, didn't we read in your first article that they want to make it easy / remove obstacles for the investors at the meeting ?
Millionday: YES -- THEY ARE USING EXPERTS TO HELP THEM TO CREATE THE EASIEST IN THE WORLD INVESTMENT LAW AS THEY PUT IT --
Millionday: NOTE -- THIS COMES DIRECTLY FROM THE NATIONAL RECONCILIATION
Millionday: The Concepts of the Civil Society
The civil society evolves from modern social and economical compositions, i.e. classes, professional categories, or any other interest groups. These changes in the Western countries were taking place synchronously with the capitalist and urban transformation, citizenship rights,
Millionday: and the birth of the modern concept of the national state. Although the factn that the loyalty to the national state should follow that absolute allegiance of its citizens, as a normal embodiment for the whole society,
however, a subsidiary objective allegiance manifests according to the individual selfinterest, hereby the allegiance concentrates in the class, profession, district, etc…
Thus, voluntary organizations emerge and their sphere extends to include the numerous interests of people, like political parties, trade unions, syndicates, clubs, and social institutions.
Millionday: NOTE - THE ECONOMIC CONDITION OF A COUNTRY IS INTERWOVEN --- IN THIS CASE THIS IS IRAQ -- AND OBVIOUSLY IT INCLUDES TRADE UNIONS AND THE ECONOMY THE CONSTITUTION PROVIDES
Millionday: The relation between the civil society and the democratic transformation seems clear and logic. Democracy is a set of basis for ruling the state and its institutions by means of peaceful administration of the relations between the various competitive groups and discordant interests.
Therefore, the fundamental measure for the civil society is the same fundamental measure for democracy. For instance, if we displace the system of the direct democracy in "Athens" or in "the city council", we’ll find out that the CSOs are the best channels for public's participation in rule.
Millionday: Civil Society Organizations and the National Reconciliation Process Civil society organizations have many advantages that may enable them to play an effective role in portraying a positive image for citizenship and national unity, as follows;
1 – Neutrality.
2 – Independence of decision-making.
3 – High effectiveness, especially after the extensive development of networking.
4 – The wide range of social and geographical effect.
Millionday: NOTE -- THIS IS FROM ALL PARTIES AND ALL GOV INSTITUTIONS -- INCLUSIVE OF OPPORTUNITY
Millionday: 5 – The societal legitimacy as a result of manifesting the voluntary and the non-profitable sides of the organizations work.
The CSOs could empower the principle of citizenship, which is considered the real concept for the national unity, through the following;
– Spreading the culture of citizenship and non-violence in their varied programs and activities.
– Spreading and development of the culture of dialogue, respecting the opposite opinions, and renunciation of the practices of exclusion and marginalization policies against any race or class.
– Development of their programs to combat ignorance, under-development, and illiteracy.
– Development of awareness campaigns, and spreading the knowledge on international agreements and protocols related to Human Rights field.
– Establishment of principles of the participative democracy and reconstruction of Iraq.
– Coordination, networking, and impact to redraft the constitution, exclude it from the entire racist, sectarian, or any other discriminative forms, and abolition of all the articles conflicting with the national unity, or threateningsocial fabric.
Millionday: NOTE -- THIS IS LIKE THE REFERENCE FOR RECONCILIATION BUT -- NOW COMES MORE ON WHAT THIS MEANS ECONOMICALLY
Millionday: The International Compact is an international initiative to strengthen the partnership between Iraq and the International community, it aims to implement a framework that seeks to achieve the national Iraqi vision aiming to achieve the demands of the Iraqi people in laying down the foundations for a united democratic state that is secure and stable, where all citizens have equal rights and duties,
Millionday: SMILE >>> it also seeks to set the foundations for a prosperous economy with a varied production base that can provide the requirements needed for sustainable development according to market factors, one that is open and assimilated with the world and other economies in the region,
in particular those of the neighboring states, making Iraq an effective member of international and regional organizations with the ability to offer aids to needy and underprivileged countries, allowing the private sector to play a leading role in economic activity,
Millionday: WHOOPOW
Millionday: with a special role for the government in regulating this activity, protecting it from the effects of external turbulences, protecting the poor and underprivileged communities from deprivation and starvation and to provide proper standards of public social services for Iraqi civilians.
Millionday: NOTE -- THEY ARE TO HAVE AVAILABLE BENEFITS FOR THEIR CITIZENS
Millionday: Internationally, the Compact lay down a work frame of mutual commitments inspired by the Madrid 2003 conference, the Abu Dhabi September 2006 Meeting, and the Kuwait October 2006 Meeting with the objective of a secured, stable and prosperous Iraq,
where good governance practice is prevalent and human rights are strongly secured by the sovereignty of law, other objectives include the sustaining and strengthening those commitments for the entire duration of the Compact and beyond,
Millionday: NOTE -- THIS IS THE REASON THAT ALL ARE EXCITED FOR THEIR POSITION TO BE PREPARATION FOR THE CONFERENCE OF NATIONAL RECONCILIATION –
THE REST HAS BEEN DONE AND IS SET FOR THE COUNTRY --- CIVIL IS AN ONGOING -- HOWEVER THE ECONOMIC PICTURE IS THE TURNING OF A PAGE THEY HAVE NOT DONE YET IN THE MARKET
Millionday: , as well as recognizing the achievements of the new Iraq as represented through the adoption of a constitution in November 2005, the conduct of parliamentary elections in December 2005, according to which the first permanent cabinet was formed in May 2006.
Millionday: NOTE -- THE BUILDING OF THE NEW IRAQ
Millionday: READ EVREY WORD>>>The International Compact declaration pointed out that security and political challenge, implementation of good governance practices and provision of basic services are major demands for progress in all other fields, including economic revitalization.
The Compact was firmly based on belief in the assumed interdependent relationship between peace and economic prosperity, national reconciliation, enhancing security and good governance, resuming economic and social reform are all important aspects of unleashing the Iraq development potential.
Millionday: WHOOOPOW
Millionday: The declaration also stated that applying the joint vision for Iraq’s future successfully requires the rejection of terrorism and extremism, holding debate, fostering national reconciliation, formation of professional security forces that are loyal solely to the homeland, hard efforts to eliminate terrorist threats, and finally coming up with a feasible solution for the merging of militias into security forces.
Millionday: NOTE -- WE OF COURSE HAVE BEEN WITNESSING THAT
Millionday: The declaration determined the major outlines for Iraq’s political and security needs as part of the governmental program and the national reconciliation plan, thus the following points are to be considered essential demands for the creation of a stable country and a robust society, so as to achieve reconciliation between the various components of the Iraqi people.
Millionday: NOTE -- HERE ARE THOSE COMPONENTS
Millionday: • Rejection of terrorism and actively attempting to quell it, rejection of violence targeting the state and violence amongst ethno-sectarian groups in the country.
• Respecting the sovereignty of law, including civil freedom and human rights.
• Building a democratic, federal Iraq that is united and sovereign.
• Adding a consensual pattern to federal democracy through a process based on unanimous consensus.
• A fair distribution of resources.
• Cooperation with neighboring states based on mutual interests.
Millionday: NOTE -- SO SOME BELIEVE THAT IT IS ALL CIVIL AND ALSO COMPLIANCE WITH DEMOCRATIC SYSTEM -- HOWEVER -- IT IS ALSO THE RIGHT TO PROSPER FOR ALL --
Millionday: The declaration also stressed that international partners will offer administrative, technical and financial support to aid Iraq in facing challenges as part of their mutual commitments, so that Iraq rejoins its regional and international sphere on a plateau of mutual respect fuelled by an effort to achieve mutual interests, the Compact stresses the Iraqi government’s commitment to combat corruption,
Millionday: which reflects the government’s responsibility toward its civilians so as to instill practices and institutes that are transparent whereby state employees are held accountable for their actions, the Compact’s major objective is the construction of a united, democratic Iraq where all citizens enjoy an equal distribution of resource regardless of their backgrounds.
Millionday: NOTE -- THE DISTRIBUTION OF WEALTH IS PART OF THE NATIONAL RECONCILIATION
Millionday: >>>>>>The achievement of prosperity is an important aspect of this vision, as experiences in other regions have shown that continuous growth in employment and quality of life must be led by a strong, varied private sector.
The government has an important role to tend to in several ways, such as efficient administration of oil revenues, creation of a legal regulatory framework that rules the entire economy, protects the vulnerable groups and provides security. However, the true source of economic blossom must pass through the private sector.
Millionday: NOTE -- THIS IS VERY VERY IMPORTANT FOR EVERYONE TO READ
Millionday: The programs for investment and reform were also discussed in detail in the declaration, so as to fulfill the mutual commitments that both the government of Iraq and the international community will carry out jointly.
The procedures for reform and investment will be part of a mid-term financial framework that will help meet fiscal expectations within this mid-term duration.
The Compact also put in place a time frame for the work of international partners, including tangible financial obligations that are part of government reform efforts based on an internationally-recognized frame work by which the needs of Iraq are inspected. Millionday: NOTE --- HUGE PART OF THIS REPORT ---- UNDERSTAND --- THIS IS PART OF THE REFORMS WRITTEN RIGHT HERE
Millionday: NOTE -- THE REFORMS ARE BUILT ON AN INTERNATIONALLY RECOGNIZED FRAMEWORK
Millionday: WHOOPOW
Millionday: The declaration ends by providing a summary of the coordination, execution and follow up steps, list the assessment operations in alignment with the advisory team operations,
also based on ongoing national plans and aidcoordination mechanisms such as the national development strategy for example, sector work groups and other teams, enforcing them whenever need arises to reflect demands and arising development
Millionday: SO THIS IS OBVIOUSLY PER ANNOUNCEMENTS OF IRAQ THE CURRENT PHASE WE ARE IN RIGHT NOW -- THE PHASE OF REFORMS AND THE GOV PROGRAMS AS WE READ LAST NIGHT
Mary: Do you have access to the Gazette once everything is printed ? Like will you know right away or do you have to learn of it by other means. thanks..
Millionday: THE GAZETTE IS NOT ON-LINE -- HOWEVER IT WILL BE TOLD IN A PRESS STATEMENT SO IT WILL BE KNOWN RIGHT AWAY
faith1: the Compact’s major objective is the construction of a united, democratic Iraq where all citizens enjoy an equal distribution of resource regardless of their backgrounds. what does ..The procedures for reform and investment will be part of a mid-term financial framework ...mid term ?
Millionday: IT MEANS THAT THEY HAVE PLANNED TO FINANCIAL PORTION TO BE AFTER SOME OF THE THINGS HERE WERE DONE AND THEY HAVE BEEN –
SECURITY AND LAWS FOR THE CITIZENS AND CIVIL ACTIONS WITH ---- THE LAWS THAT HAVE BEEN PUT IN PLACE FOR A CIVIL COMMUNITY -- A SOCIETY THAT PROTECTS THE CITIZEN
msdiva: Millionday do you think we are still on the 15 day schedule for the signing of the Budget?
Millionday: THE PRESIDENT TOLD PARLIAMENT THEY COULD NOT TAKE A HOLIDAY TO RUSH THE BUDGET AND CBI HAS FUNDED THE DEVELOPMENT BANK SO I WOULD THINK IT WAS SOONER DUE TO THE HUGE RUSH AND THE CONFERENCES ETC THAT ARE SCHEDULED –
BUT AT THE END OF THE DAY IT IS ALL UP TO THE PRESIDENT
messenger: A reference was made to mid term goals how long is that midterm is it a year or two years of the four-year term of Abadi
Millionday: THE MID-TERM GOAL IS THE MIDDLE OF RECONCILIATION AND THIS PLAN FOR IRAQ ----
THERE IS MORE TO BE DONE AFTER THEY HAVE COMPLETED THE EMPOWERMENT OF THE PRIVATE SECTOR IN THE NATIONAL RECONCILIATION PLAN –
THIS IS TALKING ABOUT THE MIDDLE OF THE PLAN ITSELF WILL SEE THE ECONOMICAL THINGS DONE
Papatom: one thing i noticed is the participation of international companies training the iraqi's... that will enable them to become proficient in a short time to operate in a new world and make money to support a nice lifestyle working in different careers with competence....
and the cost will be born by the individual corporate partners...FORD ... G.E. .... APPLE.... Standard Charter ..... it's very complete.....
Millionday: YES -- THAT GOES ALONG WITH THIS PLAN STATING THAT THIS WILL BE WITH INTERNATIONAL RECOGNITION ---
THE ECONOMICAL PARTNERS ARE THE INTERNATIONAL COMMUNITY AS WE SEE IN THE ENTIRE CHANGING PLAN OF NATIONAL RECONCILIATION WHICH BEGAN DAY ONE AFTER AND DURING THE SANCTIONS
Millionday: WE HAVE NEWSTIME TOMORROW AT 730 EST
RoyBoy- VIP Member
- Posts : 2507
Join date : 2011-06-17
Age : 65
Location : NE Iowa
Re: Millionday's Saturday night Update
*****************
Trust but Verify --- R Reagan
"Rejoice always, pray without ceasing, in everything give thanks; for this is the will of God in Christ Jesus for you."1 Thessalonians 5:14–18
Kevind53- Super Moderator
- Posts : 27254
Join date : 2011-08-09
Age : 24
Location : Umm right here!
Re: Millionday's Saturday night Update
I don't know what kind of investors would be coming into such a corrupt, incapable, backward country such as Iraq. Or what they would invest in.
Oh, I am sure that there's something. But the risks versus the payoff are out of whack.
It's going to take more than laws eliminating 'red tape' to entice people to invest.
Outside of the oil sector, of course
Oh, I am sure that there's something. But the risks versus the payoff are out of whack.
It's going to take more than laws eliminating 'red tape' to entice people to invest.
Outside of the oil sector, of course
Cascadian- VIP Member
- Posts : 1175
Join date : 2014-09-18
Location : Everett, WA
Re: Millionday's Saturday night Update
With Maliki under the noose, and Isis being blown everywhere by the military, there will be alot of investments and investors, Shell Oil, transportation bids by railway companies, the building of new roads,new public grocery and clothing stores, automobile manufacturing,the erection of new power plants for electricity, water purification systems, etc, later on-It will happen eventually-
Terbo56- VIP Member
- Posts : 13675
Join date : 2011-06-18
Age : 67
Location : Central Florida-
Re: Millionday's Saturday night Update
Mybe she should just change he name to millionhype or perhaps, whoopow.
*****************
Trust but Verify --- R Reagan
"Rejoice always, pray without ceasing, in everything give thanks; for this is the will of God in Christ Jesus for you."1 Thessalonians 5:14–18
Kevind53- Super Moderator
- Posts : 27254
Join date : 2011-08-09
Age : 24
Location : Umm right here!
Re: Millionday's Saturday night Update
I know of 2 dairymen and there money people wanting to go in and set up a series of big dairy's and heifer facility's and one creamery from Texas wanting to do bottling, cheese, with other products getting ready to take the plunge into Iraq.
RoyBoy- VIP Member
- Posts : 2507
Join date : 2011-06-17
Age : 65
Location : NE Iowa
Re: Millionday's Saturday night Update
Well, if they go through with it, I wish them luck. They are much braver than I
Cascadian- VIP Member
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Join date : 2014-09-18
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