Millionday newstime may 27, 2015

by **RoyBoy** Fri May 29, 2015 8:40 am

WELCOME TO MILLIONDAY NEWSTIME

Millionday: I DON'T SEE A LOT OF NEWS BUT AM BRINGING ALL I HAVE

Millionday: Hussein al-Tamimi Tgb achieve diversity in fiscal revenue to the state treasury goal is running the government and the private sector, which is the task of the Iraqi economy management during the next phase to activate its contribution to the GDP.
Economic Member Baghdad forum Amer Jeweler pointed out that achieving diversity in the economy requires plans and standards are based on strategies approved, and placed the goal to increase the percentage participation of all economic sectors in the GDP during the years 2014 - 2017 and in particular the productive sectors, for example, came in the industrial strategy for 2030 that is an increase the annual rate of growth added value to 10 percent and increase the proportion of the contribution of the manufacturing industry in the composition of GDP to 18 percent that require the identification of work on how much will be in the year 2017.

Millionday: NOTE -- THE PRIVATE SECTOR WILL CONTRIBUTE TO THE DIVERSITY IN THE GDP--THIS IS THE DISCUSSION OF THE NEXT PHASE WITH THE PRIVATE SECTOR BEING ACTIVATED AND THEIR STRATEGIES

Millionday: He pointed to the importance that Iraq becomes an attractive environment for domestic and foreign investment, noting that this requires the formation of a high-level professional team and powers include government agencies and organizations of civil society and the private sector, mixed and cooperative sectors linked to the Commission of Economic Affairs to take a look deep and professional auditing and is a courtesy and bold in making recommendations and take effective and efficient measures to reform and change and follow up their implementation.

Millionday: NOTE--THEY ARE CALLING FOR THE REFORMS AND THE STRATEGIES AND A COMMITTEE TO ENSURE REGULATIONS IN PLACE

Millionday: and between Jeweler Speaking at an economic seminar attended by the "morning" the need to form a crisis team in each ministry be minimized for the body of opinion sectoral representatives of organizations of relevant private sector participates. It must be the aim of the teams and councils not to drop the hypothesis and invoked the formation team and waiting for the results, but in communion with all stakeholders to make recommendations and decisions constructive and follow up their implementation immediately and here comes the role of the authority of the media.

Millionday: NOTE --EACH MINISTRY WILL HAVE A TEAM TO TRY TO RESOLVE ANY ISSUES THAT COME UP SO PROBLEMS CAN BE RESOLVED

Millionday: The Jeweler: be making strategic plans and effective process of sustainable scalable and modernization committed successive governments to implement the flexibility and creativity with an attempt to leave the fingerprints of each hand and the Foundation and members of the side of quality, efficiency and speed of implementation and achievement of results visible, otherwise will remain the country ranging in place and about the first box, we refer here to the overall energy national strategy up to 2030, which was launched in June 2013, and Strategy development of the private industrial and strategic sector, approved by the Cabinet in 2014 and strategies for education, housing, agriculture and others.

Millionday: NOTE --THEY ARE REFERING TO ALL THE STRATEGIES THAT ARE IN PLACE FOR ALL SECTORS -

Millionday: between the importance of the participating experts private sector local in the preparation of the government program to have a commitment to participate in its implementation and in monitoring and evaluating government performance through their representation in all committees and boards related to the economy and services and to find effective and efficient with a coordinating mechanism.

Millionday: NOTE -- THEY ARE ACTIVATING THE GOV PROGRAMS AND ALL THE MONITORING COMMITTEES TO MAKE IT WORK

Millionday: The Jeweler: that Iraq has suffered from the presence of the decisions and the laws have not been implemented for various reasons, so there must be a commitment and obligation of all state institutions to ensure professional and sobriety and methodology of effective work with staff with experience and sound systems far from the red tape prevailing to implement the decisions and plans at the levels of the Council of Ministers, ministries, and that this device is able to monitor and evaluate and follow up and correct implementation measures or propose amendments and resolutions of those top and not reporting that speak of achievements on paper.

Millionday: NOTE -- EVERYTHING HAS TO BO IMPLEMENTED AT THE SAME TIME IN ORDER FOR IT WORK ---HMMM HAVE HEARD THAT BEFORE LOL

Millionday: launch exports of Iraqi products unconditionally except what his relationship Whatever and facilitate procedures so that they can direct in any export process through (5) days and granting exceptions, exemptions, all while meeting the quality requirements and specifications of food security (according to the jeweler). He concluded Jeweler his speech by saying to ensure success must identify priorities, based on the dimension of the strategic and economic government and to strategies adopted originally, so that we can determine where to begin and the procedure and how and when to accomplish and the quality and timing of a performance.

Millionday: NOTE -- TTHEY ARE REFERRING TO THE MARKET ECONOMY ACTIVATION AND THE GOV PROGRAMS -- WHOOOPOW

Millionday: He pointed out that setting priorities being under the criteria in order to move away from the diligence and to achieve success and not merely issuing decisions and promises and slogans and lay the foundation stone for projects only, without pointless stories, referring to the The success stories in the sense that leave each ministry and institution and individual distinctive imprint in the implementation and development and the development of Iraq.

Millionday: SO THIS IS THE BEGINNING PLANS SET UP FOR THE NEW IRAQ AND ITS DEVELOPMENT
WHOOOPOW

slh5282: WHEN DO YOU THINK THEY WILL VOTE ON ALL OF THE PENDING LAWS ESPECIALLY THE FED CT LAW AND THE INVESTMENT LAW

Millionday: THEY HAVE STATED TOMORROW AND ALL WITHIN A FEW DAYS

slh5282: WHAT ABOUT THE HCL? THAT AS WELL?

Millionday: THE TRANSLATION OF THEM NOT VOTING IT IN WAS A BAD ONE AND MEANT THEY WERE VOTNG ON THURSDAY THE FED COURT ACT

da58: is tom the last day for parl? cuz the agenda is out - and showing no basket vote at all

Millionday: NO -- IT IS NOT THE LAST DAY BUT THEY DO NOT WANT A BASKET THAT WE HAVE SEEN INK

jtank: all these laws need to go thru-- they always can amend them as they go cant they? thx Md

Millionday: YES ALWAYS WILL BE PROBABLY -- SMILE

Millionday: NOTE -- THE POINT ON THE STRATEGIES IS THE NEED FOR THEM TO BE FLEXIBLE --AS MOST WILL HAVE TO LEARN AS THEY GO OF COURSE

Millionday: D. Falah Jassim Al Ameri
is the insurance sector of important economic activities in support of industrial, agricultural, financial and other sectors through the provision of security for different types of protection against future dangers faced by individuals and their money, financial and economic institutions
, where the insurance to compensate the buyer insurance policy for damages and material losses incurred by them, in addition to the the use of insurance premiums accumulated in the financing of various investment activities, and provides protection for physical assets of the financial implications of natural disasters and legal responsibilities and the risks of human behavior in activities Alantegeh.kadd over the Iraqi insurance sector during the forty years the last large exceptional circumstances affected his performance and development and caused the delay in all respects.

Millionday: NOTE -- INSURANCE -- WHOOOPOW -- TIME FOR REAL COME BACK -- HUGE INDUSTRY FOR THE GDP AS WELL

Millionday: Wars and the blockade and the collapse of the Iraqi economy under the previous regime, led to significant weakness in the activity of insurance and a large reluctance to buy hoods insurance, low premiums and leak large numbers of experts and cadres of insurance, whether within the country or abroad, coupled with a weak training of staff and low morale and levels and weakness corporate governance Adartha.balrgem and boards of attempts interest in this sector and rehabilitation of the structure and the entry of private sector companies clearly since 2003, but he did not stand up and develops the required level compared to its level in the seventies of the last century, which is the golden age of the insurance sector of Iraq.

Millionday: NOTE -- THE RETURN TO BACK IN THE 70`S AND HOW IT WAS COMPARED TO THAT LEVEL -- WOW

Millionday: There Vlasal weakness in the culture and awareness of insurance at the level of institutions and citizens do not hesitate when we say that a lot of people do not know even the meaning of the word insurance or have not even heard of it, and still Insurance Activity late and weak and did not get the advancement beyond him to the global level or even regional, and there the weakness of the role of insurance agents (producers) specialists in mediating for the marketing of insurance policies on the economic institutions and other interests, in addition to the weakness of activity Advisory especially in the valuation of the property and the settlement of losses, poor underwriting by working to re-insurance companies due to fears of certain dangers, such as riots, civil, unrest political violence.

Millionday: NOTE -- WE CAN IMAGINE AFTER ALL THESE YEARS HOW MANY HAVE NOT HEARD OF INSURANCE --

Millionday: It requires an intensive campaign to increase insurance awareness among the citizens and government institutions, given their importance in increasing the protection of citizens and their property as well as increasing premiums and increase the size of the amounts accumulated from premiums and investment in other areas to support the Iraqi economy and the financial sector. And the intensification of vocational training for workers and workers in the insurance sector and to support them and encourage them to develop the desire to insurance and professional abilities,

Millionday: NOTE - THAT WOULD BE THE LAST JOB I WOULD WANT BUT HUGE IN THE RETURN OF IRAQ

Millionday: and take serious steps to attract qualified Iraqi insurance stationed at home and abroad. It must take measures to make a quantum leap in the insurance industry structure and strengthen its role in the reconstruction and building the national economy, through the recovery of all kinds of forms of insurance for the advancement of stagnation, to be able to respond to cover insurable risks in light of the difficult circumstances in which passes Iraq. The most important actions that can be taken

Millionday: NOTE -- THIS IS HUGE -- NO NEED WITHOUT IRAQ MOVING FORWARD

Millionday: 1. For the scope of laws and regulations there are impediments to the development of insurance business, of which there are some gaps in the Law No. 10 of 2005 which regulates the insurance business, the law allows for foreign companies operating in Iraq to cover the risks in foreign insurance outside Iraq companies and of course this will lead to leakage of premiums abroad This has a negative economic impact on state revenues. Also, the foreign insurance companies engaged in insurance without being licensed by the Office of the Iraqi insurance or the Ministry of Economy and Trade in the region, and accounts for a large proportion of the insurance business which led to the weakness of competitive local insurance companies have given the possession of the best in terms of financial solvency and capacity possibilities Technical insurance.

Millionday: NOTE -THEY PLAN TO MAKE THEIR INSURANCE MORE ATTRACTIVE TO INVESTORS SO THEY REAP THE BENEFITS --- SMART

Millionday: 2. It is necessary to do the Court of Iraqi insurance follow-up to strengthen its position in the insurance activities and to address their problems and disadvantages, especially with respect to the instructions and laws pertaining to the insurance sector. We believe it is very important to give priority currently in Chi_khas effects resulting from the application of Law No. 10 of 2005, for the purpose of lifting the constraints arising from the legal provisions contained therein.

Millionday: NOTE -- REPORT HUGE -- INSURANCE IS READY FOR IMPLEMENTATION AND THEY WILL WORK WITH HEALTH---HOME--AUTO --ETC TO OFFER THE BEST

Millionday: HUGE PROGRESS AND NEED WITHIN PLANS AND STRATEGIES ETC

Millionday: Approved Committee of the Council of Ministers of Economic Affairs on a series of resolutions that aim to activate the work of private banks through its support by government banks to ensure a smooth and easy banking transactions for citizens and businesses and move the Iraqi economy Ptkhalis of some routine restrictions.

Millionday: NOTE -- BANKING REFORM FOR IRAQI DEVELOPMENT

Millionday: A statement by the Deputy Prime Minister example, has typically Nuri Shaways, responded to Twilight News, that the Committee on Economic Affairs held its fourteenth session on 19/05/2015, headed by Shaways Chairman of the Committee on Economic Affairs and the membership of the Ministers of Finance, oil, planning, commerce, agriculture and the Governor of the Central Bank of Iraq and the President National Commission for Investment Advisor to the Prime Minister for Economic Affairs and director of the Legal Department of the Office of the Prime Minister.

Millionday: NOTE --WHOOPOW

Millionday: The statement said that the committee discussed many topics of economic affairs in question and has taken several decisions, including the approval of the granting of public sector companies the option to deposit their money and open their accounts in private banks, as well as the deposit and the distribution of its employees' salaries by those banks.

Millionday: NOTE -- SALARY ACCOUNTS FOR DEBIT ACCOUNTS AND WIRE SALARIES

Millionday: It announced the approval of the gradual implementation of the deposit of employees and retirees of the Chambers of central funding salaries in private banks, taking into account the need to provide the branches of these banks so as to ensure the provision of services to the beneficiaries of this system, and make sure the conditions of banks in coordination with the Central Bank.

Millionday: NOTE -- COMPLIANCE WITH CBI FOR COMPANY ACCOUNTS FOR PAYROLL

Millionday: It also agreed on the establishment of private banks issuing certified instruments and accepted by the government departments and public companies, with the bank's commitment to providing sufficient balances in their accounts with the Central Bank of Iraq and the lack of exposure, and otherwise the bears banks legal consequences, have been subjected itself to stop dealing with this mechanism.

Millionday: NOTE -THE COMPANIES MUST FOLLOW BANKING LAWS -- LIKE HAVING THE MONEY IN THE BANK ACCORDING TO THIS LOL

Millionday: The Committee also announced the approval of directing all state departments to accept letters of guarantee issued by private banks with a commitment to the regulations and instructions issued by the Central Bank of Iraq and associated with the approval of the Committee on Economic Affairs.

Millionday: NOTE --RULES SENT OUT

Millionday: It also announced the approval of the establishment of each of the Rafidain and Rasheed deposit part of their money with private investment of the funds of private banks in investment projects according to feasibility studies with a sufficient safeguards guaranteed non-refundable and subject to the conditions set by the two banks after studying the financial situation of the private bank.

Millionday: NOTE -- NOW REMEMBER THESE ARE INTERNATIONAL BANKS AND HAVE OUTSIDE BRANCHES ANNOUNCED -- NICE

Millionday: The statement noted the approval of the Trade Bank of Iraq to open credit lines with private banks and under the supervision of the Central Bank of Iraq, on condition taking adequate safeguards and adhere to the ceiling specified provisions of Article 30 of the Banking Act in force. The statement called on the Ministry of Finance and the Central Bank has adopted the Committee on Economic Affairs Resolution No. S.l / 495 on 11.18.2014 on the opening of letters of credit to the private banks up to $ 10 million (ten million dollars) without going through the Iraqi trade bank.

Millionday: NOTE --TRADE BANK CAN LOAN TO PRIVATE BANKS TO KEEP EVERYTHING ROLLING

Millionday: On the other hand, the Commission stated that according to its statement, the decision to insert the cultivated areas of strategic crops in the liberated areas, which were within the agricultural plan for 2013 in the agricultural plan for this year. Also it announced the approval of the contract and the Ministry of Transport / General Company of Iraqi Airways with the International Air Transport Association.
The Committee agreed to choose the style of direct call to implement a project of the Central Bank of Iraq building.

Millionday: SO FOR THE SECOND TIME -- THEY ARE FINISHING THE CBI BUILDING---AND THE CONTRACT IS GOING FORWARD FOR THE AIRLINES

Millionday: NICE -- LOTS OF PROGRESS -- THEY ARE MOVING FORWARD WITH LOTS OF THE PLANS WRITTEN AND AGREED ON --GOV PLANS THAT ARE VOTED THROUGH AND MANY CONTRACTS AND INSURANCE -- LOVE IT

Millionday: Prime Minister Haider al-Abadi, on Wednesday, with President Fouad Masomcir military operations and re-file the displaced and national reconciliation. A statement by the Office of Abadi and received / scales News /, a copy of it, that "the Prime Minister Haider al-Abadi discussed with the President of the Republic Fuad Masum, developments in the political and security situation and the conduct of military operations in the breakers operations." He added, "it was also covered the re-displaced people and the reconstruction of the liberated areas and file of national reconciliation," noting, "it was a blessed meeting in victories stationed troops on the battlefield to Daash terrorist gangs"

Millionday: SO -- THEY MET TO PLAN THE RETURN OF DISPLACED AND ALSO THE NATIONAL RECONCILIATION CONFERENCE PLANNING

Millionday: Announced Telecom contribute to the owner of the ether for mobile communications ring Company (Zain Iraq), on Tuesday, the Board of Zain Group Management formally agree to put up 25 percent of the shares owned by the Iraq Stock Exchange, usually that this confirms the possibility of "significant growth" in the market Iraqi communications despite the security challenges.
The ring company said in a statement received (long-Presse) a copy of it, it was "announced in 18 of last May its intention to complete the necessary regulatory procedures to ensure the inclusion within the legal period specified in the approval of the listing of JSC", noting that "the Board of Group Management Zen formally approved the sale ratio of 25 percent of the ring's shares owned by Zain Group to implement the terms of the IPO ring company in the Iraq Stock Exchange, in line with the conditions that have been disclosed in the operating license granted to the company in Iraq by the CMC. "

Millionday: NOTE -- THEY ARE IMPROVING THE ISX SITUATION BY PUTTING UP SHARES OWNED 25%

Millionday: HUGE TO SEE THEM BRINGING THIS BACK TO THE POINT THEY WANT IT AND THIS TIMELINE -- VERY ENCOURAGING FOR THIS TO BE A NEED RIGHT NOW

Millionday: I promised the company, that "their presence in the Iraqi Stock Exchange greatly contribute to strengthening the overall value of the market, estimated lead to exceed ten billion dollars for the first time in the history of Iraq," indicating that "it is a catalyst to attract foreign investment to Iraq Stock Exchange, where that ring the company will join the 95 other Iraqi company traded on the market today. "The statement quoted the Chairman of the ring Company, Mohammed Jerjfja, saying, "The inclusion of the company's shares in Iraq gives investors the opportunity to participate in one of the most successful companies and stand with us as we move toward the next phase of development and growth."

Millionday: NOTE -- HE GOAL IS THE NUMBERS IN STATS FOR IRAQ TO ATTRACT INVESTORS

Millionday: For his part, Managing Director of the company seal, and Vice Chairman of Zain Group, Badr Al-Kharafi, said that "the launch of third-generation services in Iraq earlier this year the current 2015, and continuing investments in infrastructure, asserts that the possibility of significant growth still exist in the Iraqi telecom market despite the challenges posed by the security situation in the country ", According to the company, that "Zain Group announced the establishment was raised as a private ring joint stock company belonging to the Telecom Limited in July of 2013 in preparation for the process of listing on the Iraq Stock Exchange," arguing that "the completion of the inclusion of the ring company in the Iraq Stock Exchange means that the company Zain has completed the license granted to the Company's obligations. "

Millionday: NOTE -- THE ISX IS PREPARING TO PROMOTE IRAQ`S MARKET -- LOVE IT

Millionday: The Iraqi Securities Commission, revealed in (the fourth of May the current 2015), for approval to request the inclusion of shares ring Company (Zain Iraq) mobile phone for trading on the Iraq Stock Exchange valued at 450 billion shares, expected to form the addition of "real" In trading operations will be reflected positively on the country's economy, while the company confirmed that it will determine the date and a mechanism to list its shares and raised prices.
The Securities Commission, confirmed in (the seventh of February 2015), the Asian company torrent of mobile phone included more than a billion shares in the Iraq Stock Exchange and achieved good profits for their clients, while confirmed that the two ring (Zain Iraq) and Cork mobile phone what Tzalan their shares have not gradual in the market, CMC has demanded that takes its role in the follow-up to the inclusion of the two companies shares in the market.

Millionday: SO OBVIOUSLY WITH THE SECONDARY MARKET ON THE ISX THIS IS MAJOR RIGHT NOW

Millionday: Member of the committee of economy and investment parliamentary Najiba Najib confirmed "that the amendment of the Investment Law includes housing sector, encourage investment, and addresses the obstacles facing investors. She said Najib in an interview: "The solutions and treatments for the housing crisis is not at the required level, as we have seen these problems and Chksnaha in the investment conference, which was held last February, and amended investment law certainly to encourage investment in the housing sector because it is very important."

Millionday: NOTE -- THE INVESTMENTS LAWS HAVE BEEN DONE SMILE

Millionday: She explained, "it was the introduction of several amendments to the Act, relating to the inclusion of legal texts to finance housing projects, provided that the interest-free to be able to firms investing in the housing sector of the success of their projects." She Najib said the "legislation of the new investment law, will address problems that have been investing in the housing sector, including the issue of land, which was repulsive to companies, whether foreign or domestic work in the housing sector, as it has been addressed obstacles facing investment this sector, in terms of funding, decentralization, as well as an end to the routine in the land question, and address those problems related to the allocation of land to the companies. "

Millionday: NOTE -- INVESTMENT HAS BEEN AMENDED TO BRING HOUSING TO CITIZENS

Millionday: NOTE -- THE HOUSING LOANS MAY BE APPROVED BY CBI -- THIS IS STRANGE

Millionday: non-registration of the land in his name for any reason. "He was a member of the Committee on Economy and Investment parliamentary Ahmed Kanani said early April that "the amendment of the Investment Law, addressed the issue of the completion of the investor of the project by 25%, and take a loan from the government and the official bank bail the project, shall be 25% [completion rate] guarantor, either personal guarantees do not depend on the descent. "

Millionday: NOTE -- THEY ARE MOVING FORWARD WITH THE AGREEMENTS TO TRANSFER THE AGREED UPON THE LAND TO THE INVESTORS ---

Millionday: THIS IS HUGE HUGE

Millionday: AND SAYS ACCORDING TO THE TIMELINE WITHOUT DELAY

Millionday: He explained Kanani in an interview: "The nature of dealing with the investor when the come in the past, had difficulty procuring investment license and the earth from other ministries, and this shortened within edited several paragraphs for the purpose of obtaining the land as soon as possible, as it was in the past many paragraphs and now a shortcut for the purpose of speed." .The Deputy Chairman of the Committee of Economy and Investment parliamentary Harith al-Harthy, in 20 of last March, that the amendment of the investment law, investors will be in service, and the elimination of standard routine in the state dealing with investors circles.

Millionday: NOTE -- THE INVESTMENT LAWS WERE AMMENDED TO MOVEE FORWARD WITH SPEED FOR THE INVESTORS -- NOW THAT WE LIKE

beth: Does that mean that the Investment Laws have been voted through?

Millionday: THE INVESTMENT LAWS WERE JUST BEING AMENDED -- SO IT APPEARS THEY ARE PART OF THE LAWS MOVING FORWARD

TimandJulie: What is your feeling on that the Parliament does not need/or is required to pass laws in order for the Central Bank of Iraq to change to value of the IQD OUTSIDE of Iraq.

Millionday: CBI HAS THE JOB OF RELEASING THE INTERNATIONAL VALUES AND THE VALUE OF THE DINAR IN IRAQ

TimandJulie: ok but what is you feeling do they or do they not have to pass the laws to do so

Millionday: THEY DO NOT

daytrader: Thought the investment laws we're looking for had to do with protection and arbitration etc.

Millionday: ACCORDING TO WHAT THEY WEE CLAIMING TO ADDRESS WAS THE LAND CONTRACTS WITH INVESTORS -- THEY MAY HAVE ADDRESSED OTHER THINGS BUT THIS WOULD BE THE LAST OF IT ACCORDING TO THIS

Millionday: THE INVESTORS HAVE CONTRACTS THAT HAVE TO RESPECTED BEFORE THEY LEAVE ENTIRELY -- ENOUGH WAITING ON RETURNS ON INVESTMENTS

Millionday: THANK YOU ROBIN AND SWAN AND ALL THAT HELPED