Morning News Comments 08/31/2015
Central extend the period of the bond sale to finance and sell more than $ 212 million in auction
[tlm724] "The bank said it" will sell the bonds in Iraqi dinars at a price of 1095 dinars per dollar and payable by the Ministry Finance in the February 28, 2017 to be paid in dollars maturity.
[tlm724] interesting ! buy the bonds in dinar BUT get paid back in US dollars !!!!!!!!!! now that something to chew on, why pay in dollars ? Are the dinars gonna be worth much more by the time these bonds mature in 2017 ???????? just askin Wink
In the parliamentary economy reveals the most prominent member of the investment law amendments, including the International Arbitration
[tlm724] before the amendment of the Investment Law was invested when you get him the problem with the Commission a complaint to the Iraqi courts only and this was worried about him the investor
[tlm724] that means with this new amendment the investor can seek legal recourse outside of Iraq and with the amount of investment that will come with the passage of this law that is very important !
[tlm724] the addition of several paragraphs of the investment law in order to strengthen the economy and investment in Iraq and the country no longer be dependent on imports of oil only
[tlm724] The second draft amendment to the investment law will be presented to the final vote in the coming period, and would be a great achievement of the legislative side of the Iraqi economy,"
stressing that "the introduction of a number of radical law changes, which will be an important factor in creating excellent investment environment and meet the aspiration of all parties. "
[Shredd] "...which will be an important factor in creating excellent investment environment and meet the aspiration of all parties."
That is for sure. When the investment laws are passed, that will truly open opportunities for investors who have been waiting for protections.
The banking side has come a long way regarding balances and conversion protections, and now with these laws passed, will position Iraq for some much needed stimulus. Investment = lending = borrowing = commerce = jobs = revenue = taxes
That's a win/win!
Kikhany: Project simplification of procedures step towards modernizing management, reform and attract domestic and foreign investment
[tlm724] "the government's measures to simplify project is a step towards modernizing management, reform and attract domestic and foreign investment."
[tlm724] opening new horizons *hallelujah*
Finance discussed the draft law combating money laundering and terrorism financing
[tlm724] The meeting discussed the host chief prosecutor at the Supreme Judicial Council and officials of money laundering in the Supreme Judicial Council and the Central Bank and the National Intelligence Service and the Office of Financial Supervision file to discuss the draft anti-money laundering law and the financing of terrorism.
Legal expert: Iraqi constitution and the reforms needed to address its problems
[tlm724] they do need to tweak their constitution a bit like get rid of the article that gives MP's immunity !
[tlm724] that would be a great start. There is alot going on with Maliki and his seat in parliament as well as Najafi and Allawi. I believe this is in the hands of the judiciary now so we'll have to see how that plays out !