Millionday News Time 8/15/15

by **RoyBoy** Sat Aug 15, 2015 11:17 pm

Millionday: WELCOME TO NEWSTIME EVERYONE

Millionday: NOTE -- THIS FIRST REPORT IS THE ECONOMIC PLAN -- SMILE

Millionday: LONG BUT GREAT TO SEE RELEASED TO THE CITIZENS

Millionday: Hussein al-Tamimi Tgb stressed the economic expert Hassan al-Asadi on the need to develop a real economic platform for the next five years includes a realistic treatment of past mistakes, notably the installation of the identity of the Iraqi economy and working on it, and processing projects lagging service ones from reality which it relates and determine the timeframe for the operation.

Millionday: NOTE --THEY HAVE RELEASED OR COMPLETED A PLAN FOR THE ECONOMY --IT IS HUGE AND AT END I WILL INCLUDE LINK FOR YOU LATER

Millionday: He said in an interview with "morning" that stage requires a real activation of investment and work to reduce the role of the state gradually task and entrust to the private sector and support to lead the country economically in the long run, pointing out the importance of establishing an accurate plan to fight financial corruption through bring efficiencies fair and the use of global expertise in that, although the global consulting firms
and pointed to the need not hesitate theme of continuity of development projects through loans, partly because of the most important of Iraq's ability to repay to the presence of many resources and fight resulting from development projects stop unemployment,

Millionday: NOTE -- FOR THE NEXT FIVE YEARS THEY NEED TO TAKE THE MOST ADVANTAGE OF THEIR ECONOMY -- PROJECTS, DEBT, FIGHT CORRUPTION, ETC

Millionday: pointing to the experiences of countries resorted to lending and was able to play its economy in a successful manner, such as Lebanon, which does not have the resources that compare Iraq.
Asadi said, could create significant competition between banks that can finance projects between companies that can effect on credit for the goal of reducing the benefits most from lending and benefit.

Millionday: NOTE -- THEY HAVE MORE RESOURCES THAN LEBANON AND WISH TO FOLLOW THEIR STEPS FOR SUCCESS AND OTHERS -- THEY HAVE GLOBAL EXPERTS HELPING

Millionday: On the subject of payment on credit urged to speed up the adoption because of all the stalled projects of interest to the lives of citizens, mostly service projects and other development projects as possible the country to promote it and this improved the standard of living of the citizen and create many job opportunities, pointing to the importance of the formation of committees fair to find out the reality of the stalled projects and reconsider them in the light of reality case and not in the light of the assignment conditions.

Millionday: NOTE -- THE PROJECTS AND LOANS NEED TO BE FINISHED IN A HURRY SO EVERYTHING CAN GET DONE

Millionday: He said that the issue of the 5 loan trillions must include all sectors and not allocated in a detailed without the other, warning of the importance of the development of the banking system in Iraq in the public and private sectors, pointing out that the government banks rely traditional work systems, while private banks lack sufficient for lending capital, especially that of the developed world economic blocs affecting adopt lending to stimulate the economy have, where there are those who have money and Aeetmknun of investment Viugeon to deposit it in banks in exchange for the benefit of the aspect ratio and contribute to the economic development of On the other hand.

Millionday: NOTE --THE LOANS WILL DEVELOP THE BANKING SECTOR AND IS TO DEVELOP ALL SECTORS EQUALLY SO TO STIMULATE THE ECONOMY -- WHOOOPOW

Millionday: He stressed the importance of activating the subject of loans in the country and adoption in the activation of developmental and service projects lagging whether local loans or foreign, especially as the Investment Law No. 13 of 2010, as amended, pointed to the importance of the Iraqi investor support soft loans that is running the local manpower to suit and the size of the loan that gets it.

Millionday: NOTE -- THE INVESTMENT LAW IS AMENDED ACCORDING TO THIS ----AND THE INVESTMENT IN THE COUNTRY IS TO BE FOR LOCAL OR FOREIGN -- SMILE

Millionday: He said there was a decision to that hyphen 30 percent of investment projects possible lending by government banks, but investor who completed 60 percent of his project is not guaranteed for the loan and this needs to be reviewed, noting that the investor who spend billions of dollars to reach to this percentage can lend to fully implement the project because the ground to ensure the project, noting the importance of facilitating the lending process.

Millionday: NOTE -- PROJECTS THAT CAN BE FUNDED 60% FROM THE INVESTOR WILL NOT GET LOANS WITHIN THIS PROCESS -- THEY ARE STATING THE NEED IS NOT NEEDED TO ENSURE THE PROJECT

Millionday: NOTE -- THEY WANT THE LOANS TO BE FOR THOSE THAT IMPACT ANOTHER SECTOR -- AS ENTERTAINMENT IMPACTS TOURISM ETC

Millionday: He noted that the housing sector is important, and housing projects loans were not economically viable since they were given individually and need to costs, although the amounts are up to 35 million Iraqi dinars up to the beneficiary difficulty often, noting that in the case of investment in these funds housing projects for the economic feasibility was better than during the production of integrated residential units and services necessary as well as maintaining a design foundation of the city, and reduce corruption in the projects.

Millionday: SO IN OTHER WORDS THE GOAL IS TO GET AS MUCH OUT OF EACH LOAN AS POSSIBLE -- APARTMENT UNITS INSTEAD OF INDIVIDUAL HOUSES , ENTERTAINMENT PROJECTS FOR TOURISM, INDUSTRY THAT GIVES MANY JOBS -- ETC

Millionday: LINK OF ECONOMIC PLAN REPORT (VERY INTERESTING)>>>http://www.alitthad.com/News_Details.php?ID=32500
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Millionday: Counting Iraqi expert, on Saturday, that the majority of government and private banks "not ready" to receive the funds, without the banking system and restructuring reform, and as economic advisor to the Prime Minister stressed that the government deposits in banks own situation requires appropriate and the availability of the necessary immunity environment in order to preserve public money , director of a private bank showed willingness those banks accept government deposits under the supervision of the Central Bank and in proportion to the assets of each and every one of them.

Millionday: NOTE -- HE (ECONOMIC EXPERT) IS SAYING THAT THE REFORMS NEED TO BE ACTIVATED TO TRANSFER FUNDS TO BANKS

Millionday: NOTE -- BANKING AND >>>RESTRUCTURING REFORM<<< HMMM

Millionday: Expert: the majority of government and private banks is ready to receive large deposits
He said banking expert, Majid picture, in an interview to the (long-Presse), it was "assumed the existence of close contact between the government and private banks is not that there are intersections between them," returned "The government should deal Kamh private banks."
He expressed the picture, regretted that the "act of government deposits in public banks is not by her but to the government, which the Ministry of Finance," adding that "tireless political threat to the government banks and Odaiaha".

Millionday: NOTE -- THE GOVERNMENT NEEDS TO USE THE PRIVATE BANKS SO THERE IS NO RISK OF POLITICAL THREAT --

Millionday: NOTE -- THIS IS REFERRING TO TRANSFERS FOR PROVINCES ETC

Millionday: He said banking expert, that "Rafidain Bank, for example, gave advance exceed ten trillion dinars, in accordance with government decisions, but has not yet recovered," noting that these "advances should have been invested in the areas of development."
He stressed the picture that the development of government financial deposits in private banks where many of the problems of which is how to control these banks and their performance in general ", stressing the need to" be there suitable and highly controlled by the Central Bank on the use of these funds in general and must be controls directly and precautionary. "

Millionday: NOTE -- THEY FEEL THAT CBI WILL BE ABLE TO CONTROL THE PRIVATE BANK DISTRIBUTION MORE --

Millionday: And he saw a banking expert, that "the majority of government and private banks is ready to receive the funds, without the reform of the banking system and restructuring nearly built with economic requirements," stressing that there is a "private banks have the infrastructure qualify it to receive large deposits."

Millionday: NOTE -- PRIVATE BANKS ARE MORE PREPARED

Millionday: Abadi adviser: put government deposits in banks own requires appropriate environment and the availability of immunity
Economic Adviser to the Prime Minister's appearance of Mohammed Saleh said in an interview to the (long-Presse), "The government agencies want to put their money in private banks because of reduced red tape package, and there is nothing to prevent it," noting that "the problem is that the government banks backed the sovereignty of the state For its money, what earns their deposits immunity ".
Saleh continued, that "the development of government deposits in private banks, can be offered to the crisis of liquidity in light uncle presence of protected," stressing that the "deposits should be guaranteed and a priority investigation."

Millionday: NOTE -- THIS APPEARS TO BE THE PATH THEY WANT TO TAKE TO AVOID CORRUPTION OR EVEN THE THOUGHT THAT IT HAS OCCURRED -- CONFIDENCE IN BANKS COMES FROM BEING ASSURED OF JUST THAT --

Millionday: READ EVERY WORD >>>Economic Adviser to the Prime Minister promised, that "the central bank is who should bear it and is keen to control those of the banks," pointing out that "the central bank can not be performed by choosing specific private banks to put the government in deposits, because that involves risks and harm the reputation of those banks. "
Saleh stressed that "the development of government deposits in private banks should be in a suitable environment, and that is gradually with the need to provide the necessary immunity because they are public funds must be preserved."

Millionday: NOTE -- CBI SHOULD HAVE CONTROL OF EVEN THE CHOICE SO THAT IT WILL NOT SEEM AS THOUGH THE FUNDS ARE NOT CONTROLLED THAT WAY AS WELL

Millionday: Bank Manager: ready to accept government deposits under the supervision of the central bank, according to our findings
He said the managing director of the Bank of the Islamic country, Iyad Salman, in an interview to the (long-Presse), "The private banks operating in Iraq need for government deposits do not possess sufficient liquidity," expressing his "willingness of those banks accept government deposits and re-injected under the supervision of the Central Bank".
And reduced Salman, of "concerns about the seriousness of the situation the government deposits in private banks," noting that "private banks have sufficient to accept these deposits guarantees, especially to have a legal asset in the Central Bank, as well as fixed assets Kalpnayat different and property."

Millionday: NOTE --SALMAN IS SAYING THAT THE BANKS ARE PREPARED AND THE DEPOSITS WILL MAKE THEM EVEN MORE READY ---SO THIS ISSUE IS NOT A PROBLEM IN THE PRIVATE BANKS WITH CBI DIRECTION

Millionday: And saw the Managing Director of the Bank of the Islamic country, it is possible to "put government deposit for banks based on the size of its assets", explaining whether the "private bank assets of 500 billion dinars, can be placed as a deposit-governmental 500 billion dinars, and so on."
Salman said, that "the government deposits can activate the market and move the economy due to the urgent need for financial liquidity, to the presence of a lot of companies and factories lagging stalled or that can be run through the modernization of its production lines and provide working her hands."

Millionday: NOTE -- SALMAN IS STATING THAT THE DEPOSITS ARE ACTUALLY NEEDED FOR THE COUNTRY AND WILL HELP WITH LIQUIDITY REQUIREMENTS ---

Millionday: It consists of the Iraqi banking system of 54 banks, including seven state-owned one of them an Islamic newly established, as well as 23 commercial banks special distributed by Islamic nine, and there are also 15 branches of foreign banks, and there are many institutions that do some banking, of which 34 money transfer company and nearly 200 belonging to the banks foreign exchange company or deal with the banks, with the Loan Guarantee Company and to finance small and medium enterprises, with two companies for services of electronic banking and smart card, in addition to nearly 800 branch belonging to the banks and spread over Iraqi provinces.

Millionday: SO AS WE SEE -- THE REACH OF THESE FUNDS WILL OBVIOUSLY EXPAND THE BANKS AND DEVELOP ACROSS THE COUNTRY AS STATED --

Doodle Brain: "even more ready"="We. [have been]Are. Ready." !!!!! Bring it.

Millionday: SMILE --- WHOOPOW

Millionday: THE CITIZENS SEEMED MUCH HAPPIER IN THE NEWS TODAY -- IT IS INTERESTING WE SEE SO MUCH GOING ON THERE NOW -- WE USED TO NOT SEE MUCH AT ALL
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Millionday: WHOOPOW

Millionday: REMEMBER THAT REPORT STATED THAT THEY HAD ONE LAW LEFT?

Millionday: House of Representatives, Saturday, its 13th, headed by Salim al-Jubouri,and the presence of 250 deputies, is scheduled to be hearing witness the vote on the draft law and the first and second readings of the five bills. A parliamentary source in an interview with Alsumaria News , "The House of Representatives held its headed by Salim al-Jubouri and the presence of 250 deputies, "noting that" the meeting will vote on the draft labor law.

Millionday: NOTE -- THE MEETING WILL VOTE ON THE LABOR LAW

Millionday: The source added in an interview with Alsumaria News's, that "the meeting included the first reading of a bill to compensate victims of law-seekers from the popular uprising camps, the first reading of the draft Law on the Council Iraqi parliament, and the first reading of the draft law Guild Iraqi academics. "
The source confirmed that "the Council will end, in today's session, the second reading of the draft freedom of expression and assembly and peaceful protest law, the second reading of the draft reform of the guests and depositors law." The Presidency of the Council of Representatives lifted, first on Thursday (13 August 2015), to the day Saturday.

Millionday: SO THEY ARE SAYING THE MEETING TODAY WAS TO VOTE ON LABOR LAW AND FIRST AND SECOND READING OF THESE LAWS

Millionday: I WILL LOOK FOR FURTHER NEWS ON THE LABOR LAW

jd: Is 2 readings the end or do they need 3 readings to be passed into law?

Millionday: THEY READ IT TWICE AND VOTE ONCE

GrannieAnnie: What laws have actually been voted on as of now?

Millionday: I CANT LIST THEM ALL GRANNIE -- THERE IS TOO MANY
Millionday: WE READ TONIGHT THEY HAVE AMENDED THE INVESTMENT LAW

slh5282: Sorry i am late but did they approve the investment law with the amendment?

Millionday: IT APPEARS IN THAT REPORT THAT THE AMENDED INVESTMENT LAW IS BEING USED
Millionday: ACCORDING TO THE REPORT IT IS AMENDED -- THE 2010 LAW WAS USED
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Millionday: it seems that government reforms issued by the Council of Ministers which is voted on by the House package would fill a large part of the federal budget being include reducing its number of ministries and the abolition of some bodies and reduce the large number of protections officials as well and the abolition of positions of major Congress of the Republic and the Minister, where He favored a number of experts and specialists in the financial and economic reforms that this matter if applied in a practical and effective will provide about 30% of imports in 2016 budget,

Millionday: NOTE -- THE ECONOMIC REFORM THIS YEAR IS EXPECTED TO FUND 30% OF NEXT YEARS BUDGET

Millionday: which means that there are no major concerns on the Iraqi economy in the event of continuing decline in world oil prices.
He says economist Maitham coffee, said government reforms issued by the prime minister and approved by the Council of Ministers and the House of Representatives have positive Anaskat on the Iraqi economy in terms of availability of funds.

Millionday: WHOOPOW -- DIVERSITY

Millionday: He told coffee / JD / that these reforms will provide about 30% of the federal budget for 2016 revenues, noting that world oil prices will continue to decline and thus its effect would be small because of the low level of expenditure.
As a member of the Finance Committee MP for the Bloc citizen Faleh force stressed that the reforms passed by the House of Representatives package will provide about more than $ 10 billion.

Millionday: NOTE -- THEY OBVIOUSLY EXPECT PRODUCTION NEXT YEAR FROM THIS YEARS REVENUES AND ALSO EXPECT THE MANY REFORMS TO EXPAND THE MARKET -- THAT IS A GREAT AMOUNT

Millionday: He told applicable / JD /: "Government reforms will provide the Iraqi budget of approximately 7 to 10 billion dollars a year as it provides the amounts were paid without providing any service to the Iraqi people."
He added that "these reforms were the result of an invitation supreme religious authority and full support to the government in order to provide better services to the Iraqi people."

Millionday: For his part, economist Mohsin Ali explained that "decisions reform its political and economic dimensions and consequences of social as well."
Ali told / JD /: "These reforms will provide a lot of money it is possible to provide funds to community-based segments need support and at least in the field of small projects."

Millionday: NOTE -- OBVIOUSLY THEY ARE TELLING THE CITIZENS THAT HUGE CHANGES ARE COMING FROM THE REFORMS FOR THEM

Millionday: He added that "This package of reforms represent the largest private outset in relation to the adoption of efficiency away from the political quota system for the project," noting that "there are many reform projects that await announced."

Millionday: NOTE -- REMEMBER THAT ABADI SAID THERE WAS ANOTHER SET OF REFORMS COMING HOPEFULLY SATURDAY IF I REMEMBER CORRECTLY

Millionday: The Council of Ministers approved the reforms presented by the Prime Minister Haider al-Abadi pack that voted on also the House of Representatives unanimously, which include reducing its number of ministries and the integration of some of them and the abolition of positions of some officials, including the Vice-President and Minister solving some bodies squad and open the files of corruption and to bring the corrupt to justice.

Millionday: It comes after the reforms that have seen the capital Baghdad and several provinces large demonstrations to protest against poor services and corruption in the state

Millionday: SO WE KNOW THAT THE CITIZENS HAVE BEEN DEMONSTRATING FOR A LONG TIME DEMANDING THE REFORMS --

Millionday: NOTE -- THIS WAS BROUGHT TO US BY WAY OF ONE OF OUR SUPER RESEARCHERS
Millionday: WHOOPOW

Itsaboutjesus (IAJ): [8:03 PM] Millionday: NOTE -- REMEMBER THAT ABADI SAID THERE WAS ANOTHER SET OF REFORMS COMING HOPEFULLY SATURDAY IF I REMEMBER CORRECTLY
is it Sat as today Aug 15th? or Sat as Aug 22nd?

Millionday: I BELIEVE THIS SATURDAY -- I DONT SEE ITS ANNOUNCEMENT HOWEVER
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Millionday: A statement confirmed the Speaker of the House adviser for national reconciliation d. Unit Jumaili: that al-Jubouri, through support for the demands of the demonstrators, he is unaware of the demands of the popular movement by seeking to implement and document the political agreement. said in a press statement today: that the recent demonstrations suspended great support by the House and through the support of the Council and vote on government reforms President of the Council and provide d. Saleem al-Jubouri paper to reform the parliamentary and the calling of parliament for a vote in addition to his call to the judiciary to deliver his paper reform in order to complete the reforms to build the Iraqi state and therefore will achieve these reforms, a large part of the demands of the demonstrators.

Millionday: NOTE -- THEY HAVE PUT A LOT ON HOLD TO MOVE FORWARD WITH ALL REFORMS ACCORDING TO THIS -- THIS IS GREAT NEWS

Millionday: She Jumaili that al-Jubouri, so be supportive and strongly both illegal and unconstitutional demand of the demonstrators at the same time seeks diligent to meet the demands of mobility popular of a range of materials which are included in the document the political agreement which is a package of laws pertaining to national reconciliation and the National Guard and the Justice and Accountability and other laws. She added that al-Jubouri, gave it a clear picture as a representative of all the Iraqi people, whether was represented by the achievement of the demands of the demonstrators in the southern provinces or the demonstrators in the western provinces hoping to respond to the government of each demands, whether in the southern provinces or the western and be hard return of displaced people to achieve national reconciliation, where does reform without national reconciliation. Information Office of the Chancellor House Speaker on National Reconciliation Dr. Unit Jumaili

Millionday: SO THIS IS GREAT NEWS -- THEY ARE MOVING ON THE REFORMS TO GO FORWARD WITH NATIONAL RECONCILIATION --- IN OTHER WORDS -- HOW CAN THEY HAVE NATIONAL RECONCILIATION WITHOUT REFORMS --- SO AS WE SEE THIS IS GREAT

Pablo: Are they still voting on this stuff on Tues?

Millionday: LOOK >>>>>Obelisk: raised the presidency of the parliament on Saturday, the 13th session until next Monday, after the vote on the 104 articles of the draft labor law .
A parliamentary source told I followed "obelisk", "The presidency of the parliament raised to the 13th session next Monday . "
The source added, "The Voice of the Council, during the meeting, on 104 items out of 157 paragraph of the draft labor law."

Millionday: PABLO -- I THINK IT IS MONDAY INSTEAD OF TUESDAY -- SMILE

Millionday: HUGE NEWS -- 104 TODAY OUT OF 157 OF THE LABOR LAW

diane1: what is happening with Shabbi and his warrant, and if ALAK is proxy how does the CBI pull the trigger.

Millionday: I DONT KNOW DIANE
Millionday: PROXY POWERS WERE GIVEN HOWEVER THE POWER TO DO THE JOB OF CBI

Millionday: WHEN TURKI WAS PUT IN -- NOT SURE IF THAT TRANSFERRED BUT I WOULD ASSUME SO --- WE SHALL SEE

Millionday: WE WILL HAVE NEWSTIME AT 730 EST TOMORROW :winky winky: