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Millionday News 7/26/15

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Millionday News 7/26/15 Empty Millionday News 7/26/15

Post by RoyBoy Mon Jul 27, 2015 9:19 pm

Millionday: NOTE -- THE LACKING ON INVESTMENT LAW WAS THE INVESTOR INTERNATIONAL

Millionday: Center Brief for the Iraqi Media Network (IMN) - national investment made it clear that the amendments made by the parliamentary committee on economic investment law would be the great protection for the investor, where required all government agencies and others in collaboration with a balanced way to ensure the right of both parties.

Millionday: NOTE -- THE AMENDMENTS ARE BEING ADDRESSED THROUGH THESE MEETINGS

Millionday: READ EVERY WORD ON THIS -- BARRIER--

Millionday: The head of the Investment Authority Sami al-Araji's (IMN) "The amendments put on the investment law, fundamental and important, and if approved shall serve the investment," adding that "amendments are real suffering we found in the field of investment, and therefore they were introduced in the law to ease the suffering of investors and investment bodies in the provinces National Authority for Investment. "

Millionday: NOTE -- HUGE HUGE NEED FOR THESE CHANGES

Millionday: Araji said that "there are many privileges in this Act, including investor protection and care of employees and requiring all government agencies to cooperate with it in a balanced way guarantee the rights of both sides."

Millionday: NOTE -- THE MUCH NEEDED PROTECTION OF THE INVESTOR

Millionday: The proposals and amendments approved by the parliamentary committees on investment law will be presented early next legislative term, to approve the legislation and approve the most important statement in the amendments, especially in the involvement of 75% of the Iraqi labor in investment projects.

And heavily influenced by investment market in the past two months, due to higher US dollar exchange rates against the Iraqi dinar, but does not remedy the central bank to put the country's real financial crisis.

Millionday: SO AS WE SEE -- THE INVESTMENT LAW HAS BEEN ADDRESSED AND AMENDMENTS WILL NEED TO BE MADE INTO LAW AS AMENDED

quicktolegit96: WHEN IS NEXT LEGISLATIVE TERM?

Millionday: I WILL HAVE TO SEE WHAT THE NEW IS -- I WILL GET BACK TO YA

GrannieAnnie: So was the Investment Law voted through even though they need to do amendments to it?

Millionday: IT IS LAW WITH NEEDED AMENDMENTS FOR INTERNATIONAL INVESTMENT

Doodle Brain: Do Amendments need to go through the same process of 1st, 2nd 3rd readings?

Millionday: THE REPORT STATES IT GOES FOR VOTE BUT I DONT BELIEVE IT DOES NOT GET READ FIRST
Millionday: IT IS ONLY 2 READS AND VOTE NOT 3

Millionday: I CAN IMAGINE THIS IS NOT GOING TO BE A SLOW PROCESS AT THIS POINT
===============================

Millionday: READ EVERY WORD AND LOOK AT DATE

Millionday: Baghdad announced the central bank, Sunday, his intention to put up bonds for the benefit of the Ministry of Finance worth two billion dollars, and as pointed out that the bonds due and payable by the end of 2016, said it can be used as collateral for loans or facilities require collateral. The bank said in a statement received by Alsumaria News a copy of which he "will ask the delivery term bonds in dollars to the bearer on behalf of the Ministry of Finance, starting from the second of next August to 31 of the same month," adding that "Asdarih will be four categories (in 2500 and 10000 and 50000 and 100000) US dollars and the total amount of two billion dollar. "

Millionday: SO WE HAVE TOTAL OF 2 BILLION AND MATURES AT THE END OF NEXT YEAR -- WHOOOPOW

militia man: Any word out on credit ratings yet?
militia man: Seems we need that to get the bonds priced accordingly?

Millionday: NO INK THAT I HAVE SEEN --- MY OPINION IS THAT IT WILL BE AFTER INTERNATIONAL RECOGNITION

Millionday: IMF CONSULT THE 27TH

cjquade54: There is more to that article that is confusing (I don't have a link)
cjquade54: The bank said it "will sell that amount in Iraqi dinars and the price of 1095 dinars per dollar and payable by the Ministry of Finance in December 31 2016, to be paid in dollars at maturity"

Millionday: LET ME LOOK BRB

Millionday: APOLOGIES -- ADS IN BETWEEN FOR SOME REASON -- THANK YOU
Millionday: HERE WE GO WITH THE REST ---- GOOD CATCH CJ

Millionday: The bank said it "will sell that amount in Iraqi dinars and the price of 1095 dinars per dollar and payable by the Ministry of Finance on December 31 2016 to be paid in dollars at maturity". and founded the Iraqi Central Bank independent bank under the law issued on the sixth of March of the year 2004, as an independent body, is responsible for maintaining price stability and the implementation of monetary policy, including exchange rate policies are being daily for the sale and purchase of foreign currencies sessions except public holidays which stops by the Bank for these auctions.

cjquade54: I'm no economist but selling in iqd and paying in $??

Millionday: VERY STRANGE --

cjquade54: and at 1095

Millionday: SELLING AT 1095 IS OBVIOUS INCENTIVE ---- PAYING IN USD IS EXPECTATION OF INTERNATIONAL PURCHASE IMO -- OR REFUSAL TO RELEASE THE ACTUAL DINAR VALUE AT THAT TIME -
Millionday: IMO

Millionday: ANYONE ELSE WANT TO ADD???
Millionday: LETS GET SOME OPINIONS DUE TO THE CONFUSION

tman23: sorry.....I need to confirm something before saying...... and this is from a very competent major investing source........I am confused enough and need a better clarification......

militia man: Being paid in dollars seems to be an international offering, and the payout in Dinars would be local to Iraq.. imo

Millionday: GOOD POINT MILI


Millionday: I AGREE TMAN -- THANK YOU FOR THE INPUT -- I TOO NEED TO RESEARCH ---

Nadita: What they are saying doesn't make sense to me.. especially when the rate for IQD is 1166 now and they are offering at 1095 and payable in 2016 in USD..my simple mind is saying they must know something that we don't. What they are not disclosing is how much the interest rate for this bond. I think they must know the IQD will be worth more by end of 2016 which will make more sense to offer payment in USD which means less money out of pocket from them as the exchange rate will be higher.

Millionday: IT APPEARS AS THOUGH THAT IS THE ISSUE BUT NO INK TO STATE THAT FOR ME -- THE INK GIRL -- BUT GREAT POINT HUN

Nadita: the average Iraqi people who are so used of using USD will think it's better deal for them as the payment in 2016 is in USD

Millionday: KNOW THAT LOTS OF RESEARCH WILL BE DONE -- KNOW THAT THE ORIGINAL STATEMENT WAS THAT THE BONDS WERE TO BE OFFERED ON THE MARKET -- HMMM
Millionday: WE WILL GET BACK TO THIS

Nadita: The bank is very smart.. by offering the bond in iqd will give more incentives for iraqi people to use the iqd even though at the back of their mind.. USD is more desirable than iqd at this moment... 
=========================================

Millionday: Global banks are characterized in their search for more ways of evolution aimed at attracting customers and attract within a structured program for this purpose by providing various banking products and services carried out by the aim of enduring success and development, which will inevitably be reflected on their profits. 
The profession of banking globally or working banks of Almanmn prestigious as the case in the professions of medicine, engineering, etc., as calculated by the bank in developed societies that it is relevant figures.

Millionday: NOTE -- THE BANKING REVENUES ARE VERY IMPORTANT IN A SOCIETY -- REVENUES

Millionday: NOTE -- THIS IS A REPORT FROM YASSER

Millionday: a dialogue between me and one of specialists and stakeholders in the banking issue, content exceeded Questions routine Vanhsr assessment of the banking behavior we have compared with the countries of the world Advanced Vetosalna a consensus that we need to develop this behavior is important. 
My source specialist pointed out that fast our audience response are common and easy to slip into the public especially under the circumstance that the country is living a fact to wear them, and went on to say: that any act of working in the banking sector with customers will reflect negatively on his performance.

Millionday: NOTE -- THIS IS OBVIOUSLY ABOUT INTERNATIONAL BANKING ETC

Millionday: This Gleam led me to look at this vital issue because of the importance of the banking behavior in the reputation and performance of the banking sector, and when he had the goal of any win customers bank or attract customers .. "calling pioneers and's customers banks," what is required of workers in the machine banking deal with these slides Aulfiat of all citizens in all transparency and fitness literary should also employees of the banks gain experience in negotiating art to convince the public of all what is happening in the bank of positive Aomah conditions without disturbing the mood reviewers Why? 
any bank seeks to achieve profits derived from the size dealers with him, so any incorrect behavior with the customer Hoadaah opportunity precious difficult to compensate, this behavior undiagnosed for many workers in the banks, whether government or private, is required to address it?

Millionday: NOTE -- THE CONFIDENCE NEEDED IN THE BANKING INDUSTRY IS THE MOST IMPORTANT IF NOT MORE IMPORTANT THAN ALL THINGS

Millionday: When you search into the causes of decline in the banking behavior in banks and incidents and semantics many find it back to mismanagement First, choice is the conciliator for workers in this behavior career prestigious, widespread ugly corruption flag administrations and overlooked, Macad to shift usually need to in bribes and disable transactions and to harm the public, unless required to do about this situation? 
Certainly repair departments of banks and selection of efficient workers, trained and immunized to return to the profession and reputation .. modern link.

Millionday: OBVIOUSLY THEY HAVE CHANGED THE FOCUS TO THE RESPECT OF THE BANKING PROCEDURES AND THE SERVICES OFFERED -- TRAINING AND THE IMPORTANCE MUST BE ACKNOWLEDGED OR FAILURE FOR THE BANKS IS A GIVEN

Millionday: THIS IS HUGE IN DIRECTION FOR IRAQ

Millionday: NOW THIS WILL MAKE YOU SMILE

Millionday: Hussein al-Tamimi Tgb represents the success of the investment business first actors of economic development steps through to achieve major economic feasibility for all production and service joints, as well as providing billions of dollars from the federal budget state can not be provided under the current circumstance, according to expert in economic affairs. 
Eng. Hassan Hadi al-Asadi said in an interview for the "morning" that the renovation investment methods lead to the achievement of economic feasibility could promote the economy of Iraq, which has the elements of renaissance grasp all the specialized international companies.

Millionday: NOTE -- INTERNATIONAL INVESTMENT IS NEEDED TO ADVANCE THE ECONOMY OBVIOUSLY

Millionday: >>>He noted that the most encouraging investment environment rules is to build a real infrastructure, promote the country to the levels required to Iraq occupies a position between the developed countries and help him to continue the development of its economy, and help to reducing its number of ministries and convert some of them to regulatory bodies as is the case in many developed countries, as well as the conversion of the ministries that are the functions Trchigaha to the provinces in support of management decentralization in the country, pointing out that they dealt with the case of redundant early retirement state in all cases responsible for the payment of their salaries and it is best to encourage them to retire early and take advantage of them in the private sector.

Millionday: NOTE -- THE MANY STEPS WE HAVE READ ABOUT FOR THEIR REFORM


Millionday: The al-Asadi had suggested in an interview earlier adoption of several quick steps promote the sectors of services public, such as electricity, water and sewage, health, transport, roads, bridges, telecommunications and housing to high levels and remove from the state for the expenses is not in the current capabilities or even long-term at best, noting that the electricity sector estimates say that Iraq needs more than $ 300 billion in order to arrive electricity service to all regions of Iraq and rebuilding its infrastructure and production capacity build a power sufficient to meet the various sectors.

Millionday: NOTE -- I KNOW ANOTHER COUNTRY THAT RETURNED ECONOMICALLY IN THE SAME WAY

Millionday: Asadi student of direction to bring investments to be valid from feasibility hand generate benefit to the investor, pointing out that bring investments like these we have to do we work economic scientific and accurate feasibility studies secured and we will look for investors and do not mind that Entrust global consulting offices reliable for the preparation of such studies because this will encourage adults investors introduced and adopted.

Millionday: NOTE -- THE ENTRY OF INTERNATIONAL EXPERTS IS NOT A PROBLEM IN THEIR QUEST -- LOVE IT

Millionday: He stressed the importance of developing the doors practical ways on the top companies directly and Nzll them all the difficulties and provide them with the ocean's tempting to do their activity, adding that investment marketing process at the present time does not live up to the enormous difficulty in parallel to bring the investor to Alarac.oasl Asadi by saying do not throw away all Kratna against the country's security ... there investments take them in many areas around the world are facing a real security problems Examples include the telecommunications sector .. not mean mobile ..

Millionday: ... I have come to Iraq giant companies to invest in optical cable, which we needed him most other majors to invest in terrestrial communications did not find attractive work environment and the results were negative acts going slowly and did not benefited the citizens nor the state and so we lost the investor who needs a greater effort to regain his attention.

Millionday: NOTE -- THE OPTICAL CABLE WAS ANOTHER RETURN OF ECONOMIC DOWNFALL FOR MANY COUTRIES OF THE WORLD -- IT BROUGHT JOBS -- SO HUGE CONTRACTS

Millionday: NOTE -- THIS IS THE ECONOMIC REVIVAL PLAN

Millionday: He called al-Asadi at the conclusion of his speech to the fight against corruption in all its forms, and said that of the main reasons to invest expulsion is administrative corruption, a fact once we live in a day, one of the reasons for this was the presence of a huge amount of staff (underemployment) which helps to red tape and bureaucracy in the proceedings beyond the border not to mention the lack of coordination between departments and ministries concerned with the investment file infanticide single window law, stressing that the solutions and treatments are possible, and most important of these solutions is the introduction of electronic systems (automation) into real use and ways sophisticated new under the supervision of experts and experienced advisors.

Millionday: SO THE INTRODUCTION OF THE GOV DATA SYSTEM WILL HELP RESOLVE AS MUCH CORRUPTION AS POSSIBLE AND CONTRACTS FOR REBIULD AND ADVANCEMENT IS THE GOAL

Millionday: WHOOPOW

subgirl: what happened to the parliament today? I think there was suppose to be a huge meeting???

Millionday: I HAVE NOT BROUGHT IT YET
==================================

Millionday: WOW
Millionday: READ THIS

Millionday: Imad emirate stressed economist d. Falah Thuwaini the need to hedge and prevention of currency the trading risk (bit Quinn), especially in light of the great development of technology and the spread of Internet use in the country. 
and the "Bitcoin" electronic coin can be compared to other currencies such as the dollar or the euro, but with several key differences, most notably it electronic fully and traded only online without a physicist her. 
He Thuwaini in a statement the "morning", the Central Bank issued uncles to all licensed banks operating in Iraq not to deal with what is known in the currency of the (bit Quinn) pit coin in any way, and exposed who deals with them to legal sanctions, noting that this currency is not issued by the central bank is illegal and has a suspicion of money laundering

Millionday: THE REPORT GOES ON BUT -- THAT IS THE POINT

subgirl: can you tell us the point?

Millionday: NO BITCOIN USE IN IRAQ UNLESS YOU LIKE JAIL ETC
==========================================

Millionday: LETS SEE WHAT I HAVE ON PARLIAMENT

Millionday: PARLIAMENT HANDLED SOMETHING OTHER THAN LAWS TODAY -- READ THIS

Millionday: Demands summoned the Turkish ambassador to Baghdad, Omar Abdel-Latif condemned the MPs from different political blocks what he had done the Turkish military of shelling the positions of the Kurdistan Workers' Party in some villages in the Kurdistan region, and while they saw as a violation of Iraq's sovereignty, demanded summoned the Turkish ambassador to Iraq to see the details of the matter and handed over a message protest to his country because of these violations.

Millionday: NOTE -- ADDRESSED TURKEY ON VIOLATIONS

Millionday: He said the House of Representatives by a coalition of law Abbas al-Bayati: that the international effort in the face of Daash for us is the step is good and positive, but in the context of keeping Iraq's sovereignty, independence, and not to other target, refusing to Iraq to be an arena for settling accounts of the regional countries . Al-Bayati said, in a statement singled out the "morning", that "our battle with" Daash "does not justify the violation of the sovereignty of Iraq and the one who wants to fight terrorism to coordinate with the Iraqi government," noting that "any action that does not target this terrorist organization raises a lot of concern signs The question we have. 

Millionday: NOTE -- IRAQ MUST LEAD IN THE EFFORTS AND ARE ENFORCING IT

Millionday: He attributed Bayati reasons for asylum Turkey to attack the PKK to her sense of danger "Daash," adding that "Turkey's own agendas on security Bhmumha but we distinguish between Daash other political agendas that relate to this or that country." 
He pointed Bayati that " Turkey used to breach Iraqi airspace since the previous regime, which allowed them to timely agreement concluded by the time of incursion or hit 40 km in depth Iraq, "calling to" reconsider this Convention which allow the violation of the country's airspace. "

Millionday: NOTE -- THE ONLY ISSUE MUST BE IRAQ ACCORDING TO THIS REPORT AND AIRSPACE USED ACCORDINGLY

Millionday: For his part, said a member of the House of Representatives for the National Union Kurdistan Beeston Zangana: This action affects the sovereignty of Iraq, stressing that the political differences between the blocks that allowed this breach. 
Zangana called, in a statement the "morning", "the federal government to take a serious attitude on the subject being is not the first time that a Turkey multiplying the Iraqi territory, "and urged to" call the Turkish ambassador to the parliament or cabinet to reveal the circumstances related to this subject and explain the reasons for the bombing of the long innocent people under the pretext of the existence of the PKK. "

Millionday: while a member of the House of Representatives rejected by the Union of Iraqi strongman Mohamed Nouri al-interference in the affairs Interior whether from Iraq or by Turkey, pointing to the existence of terrorism targeting the two countries and two of the sets that and agree on how to act with him. 
He said Zangana, told the "morning", "Turkey exceeded on Iraqi sovereignty and assumes that there will be coordination with the government as gets by the international coalition that is pounding certain rules in coordination with the government an

Millionday: there are joint operations between the two rooms, "calling on Turkey to" engage within the international coalition to be overflights in coordination with the alliance. " 
Zangana which hinted no objection Iraq by Turkey bombed the terrorists' positions, It provided that this bombardment will be in coordination with the federal government and not violate Iraq's sovereignty over its territory. "

Millionday: SO THIS IS OBVIOUSLY AN ISSUE TO BE DISCUSSED -- THE REGION IS UNDER ATTACK SO HOW TO RESOLVE NO DOUBT WILL BE ADDRESSED ---

Nadita: Are they talking about the bombing of ISIS and as Turkey participates in coalition.. this is basically a talk about fly zone for Iraq and Turkey..?
Nadita: As I remember Turkey didn't allow fly zone in their borders nor they participated in coalition last year.

Millionday: YES -- IT IS AN ARGUMENT ABOUT FLY ZONES ---


Nadita: come on Turkey.. you will also benefit from silk road lol

Millionday: LOL

Millionday: THAT IS WHAT I HAVE FROM ACTUAL PARLIAMENT -- IF EVERYONE HAS NOT NOTICED -- THEY ARE HAVING A SLOW START UPON RETURN

Nadita: MD.. they just partied hard for Eid.. the belly is still full lol even though the start is slow but they know the deadline if they ever stick with it

Millionday: I DONT DO WELL WITH SLOW LOL
===================================

Millionday: THIS IS INTERESTING

Millionday: Wasit Provincial Council revealed, on Sunday, on the allocation of the Ministry of Labour and Social Affairs, more than ten billion dinars in loans for the unemployed, and stressed that the loans will include four categories of them, including those with the martyrs, as pointed out that loan repayments will be over eight years and an interest rate of 2% Just. The chairman of the citizens' affairs in the Wasit Provincial Council blissful Khazaal Mayahi in an interview to the (long-Presse), "The Ministry of Labour and Social Affairs has allocated within the budget for the current year amount of ten billion and 650 million dinars, distributed as loans to support small businesses by the unemployed in the province ".

Millionday: THIS WILL BE VERY INTRERESTING IF PROVINCES TAKE THEIR LEAD

Nadita: Ha! if it is within the budget for the current year meaning 2015... the budget is going then and where did they get the money?? oil revenue? or ???

Millionday: GOOD QUESTION

Nadita: This loan is for people who lost their lives during ISIS invasion I assume... the loan to their families to build a new life.

Millionday: DONT MISS ANY NEWS

RoyBoy
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