Morning News Comments 03/17/2015
[tlm724] first let me give you an update for the next parliament session:
Then I decided Presidency adjourn the meeting to next Tuesday 24/03/2015.
Circle Media Iraqi Council of Representatives 16/03/2015
Economist: can not overcome the financial crisis quickly
[tlm724] the financial crisis experienced by the country can not be overcome quickly, noting that the government is continuing the process of overcoming the financial crisis through the use of experts
[tlm724] "The government has a number of integrated measures including the hiring of economists and the private sector to overcome the financial crisis through the deliberate stages, and not a single leap.
[tlm724] the government despite its preoccupation Bmgarap terrorism and laid out plans would alleviate the economic crisis in the near future.
[tlm724] The President of the advisers in the Cabinet Thamer Ghadhban determine on the 18th of this month as the date for the development of mechanisms for implementing the strategy of the private sector in an expanded meeting, noting that private sector development strategy within the government program.
[tlm724] determine on the 18th of this month as the date for the development of mechanisms for implementing the strategy of the private sector
[tlm724] well hello there *wolfwhistle* thats tomorrow
A source in his office: Abadi puts economic strategy lift the country from the current mess
[tlm724] , an economic strategy capable of lifting the country out of the current economic situation.
[tlm724] the second is to develop an economic strategy lift the country from the situation facing them through the activation of the state-owned enterprises and activation of the agricultural sector
[tlm724] and the establishment of several investment projects and the third of the private sector is the reforms in institutions and government departments by fighting corruption and trying to provide the best services to the citizens.
[tlm724] direct supervision of the military operations to liberate every inch of the land of Iraq !
[tlm724] he hoped that the coming period to witness some positive things for the citizen because there is a continuous meetings with ministerial cabin and urged them to make the reforms they want and closely monitor the work of the ministries and departments.
[tlm724] perfect ! Thank you PM Abadi
[Shredd] he really is on a mission
[tlm724] yeah he is
[Shredd] he is listening to the economists the experts, the advisors
[tlm724] wise man !
[tlm724] Saleh for sure , Shabibi ?
[Shredd] the private sector growth is crucial, goods and services to the people via small business they need operating capital so they need to be able to borrow, banks lend to them, but the banks sell off the debt to investors
[tlm724] the capital exists they have to get ALL the banks loaning money and they are !
[Shredd] the banks facilitate repayment and get fees so it helps them and the investors get their repayment of p&i
[Shredd] it's all connected and imperative for iraq to emerge from the economic crisis
[tlm724] the beuatiful thing is that they will emerge as an economic powerhouse
[Shredd] the citizens see the growth in availability of goods and services, the business owners get operating capital, the banks get fees and the investors get returns
[Shredd] agreed and this will eventually help iraq diversify and not be so reliant on oil this private sector growth will also bring in jobs, it's all good and Abadi gets it needs to grow asap
Pay the dues of risk and salaries for soldiers and possession of Basra tourist privileges such as Dubai needles economic headlines of newspapers Tuesday
[tlm724] Basra owns tourist privileges positioned to compete with its counterpart Dubai Emirates Rafidain Bank in the process of increasing the size of the foreign banking National Business Council:
[tlm724] mechanisms The new Central Bank of Iraq will create a banking market New Morning oil: first batches dues companies launched in March of this Constitution to resolve the PCO exaggerated file -term South Oil: Crude production reached more than 73 million barrels during February, Asian finance institution is seeking to launch the Iraq Reconstruction Fund " after the war, "
[tlm724] mechanisms The new Central Bank of Iraq will create a banking market
[tlm724] the banking sector is about to bust wide open to the world
Parliamentary Finance: The government has developed effective solutions to address the budget deficit
[tlm724] adding that the government has developed solutions effective to address this deficit.
[tlm724] thats the most important thing, they have a plan Wink
Iraq Stock Exchange: market value dropped to 18% due to (Daash) and foreign investment has not changed
[tlm724] value dropped to 18% due to (Daash) and foreign investment has not changed
[tlm724] as attributed the cause to several issues, most notably the decline in shares of the banking sector
[tlm724] better get those safeguards in place (Laws) and quick, that Islamic Banking Law will give investors a huge amount of confidence
Asian finance institution is seeking to launch a fund the reconstruction of Iraq "post-war"
[tlm724] Revealed the Asia Foundation "Frontaar Capital" of funding which is based in Hong Kong, China-based, on Monday, on their quest to launch a development fund for the reconstruction of Iraq after the war ended it, noting that the date for the project starting point would be the end of the month of April of this year,
[tlm724] end of the month of April of this year
[tlm724] well now there must be great anticipation of daash being gone in short order
[tlm724] aims to achieve long-term capital assessments through the expected growth rate of indicators in the light of resource-rich market with high growth rates
[tlm724] the global investment program will include locally registered companies with core business activities in Iraq, as well as foreign companies that have the largest share of investment in Iraq
[tlm724] this is all good !!! Very Happy Has eveything to do with a free market economy and private sector growth !
Government: banks are obliged to pay the full amount requested by the applicant
[tlm724] there are topical problems occur in banks in the world can be remedied and there were problems reach beyond it, and moving towards deterioration and requires the central bank to impose temporary administration of the bank to maintain shareholders' equity and restore confidence quickly to those banks that have been managed to official licenses and legal undertakings operate under
[tlm724] in other works the CBI is obligated to protect the money in the banks
Consultant Abadi: high price of the dollar behind beneficiaries took advantage of Article 50 of the Budget
[tlm724] Saleh rise that occurred on the dollar against the Iraqi dinar to the names "with users" took advantage of Article 50 of the General Budget Law.
[tlm724] "noting:" The 75 million dollars is sufficient to meet the market need.
[tlm724] the central bank has sufficient reserve and comfort of hard currency dependent on oil revenues,
[tlm724] of course they do Wink
Baghdad Investment form a higher committee to follow up on delayed projects and criticize banks
[tlm724] the formation of a higher committee for investment to follow the delayed projects, and as pointed out there are 130 ongoing projects in the capital now, banks have criticized the "lack of funding"
[tlm724] "noting that" the Committee has met twice met two with a number of investors to discuss the obstacles and was able to overcome a big part of it.
[tlm724] not the level of ambition to make Baghdad the capital of a thriving investment," attributing it to "a lot of reasons, including project financing problems, the absence of the role of banks in this regard, because all investments in the world supported by the banks
Referred to the House of Representatives approved In October of 2006, the Iraqi investment law, which it was said at the time that it would open the door to foreign investment,
because introducing a lot of facilities to foreign investors, but that many foreign companies are still hesitant because of fears that the security situation is stable in Iraq,
adding that the law did not give investors the right to ownership of the property the project, and equated the Iraqi investors and foreign investment in each of privileges,
with the exception of real estate ownership, as can the foreign investor of the lease the land for 50 years, subject to renewal, according to paragraph 11 of the Investment Law.
[tlm724] it is critical at this stage to get that Investment law amended ! If they want the investors and they do, then they better provide them with what they need !
Citizens: The government has no right to impose "taxes" to pay for the wrong fiscal policies
[tlm724] the peole are upset about the taxes but there is no getting around them, it has become a reality, see next article below
[tlm724] that the federal budget for the year 2015 Act provides for the imposition of tax on the consumer.
The Ministry of Finance in connection with the instructions on the implementation of the tax version
[tlm724] Finance Committee announced on Tuesday that the Ministry of Finance in connection with the instructions on the implementation of the tax system and the imposition of customs duties on goods entering the country version
[tlm724] The number of deputies demanded the government to impose taxes and raise electricity, water and other services provided by the government to the citizens and gradually prices.
[tlm724] here they come
Daash" hamper Iraq's accession to the World Trade Organization
[tlm724] said the appearance of Mohammed Saleh, the Iraqi prime minister for economic affairs adviser, said that Iraq has begun to achieve a number of paved procedures for accession to the World Trade Organization, including reforms in the tax system, and after that was applied tariff law. Saleh added that there is a tendency for the implementation of other important steps to activate a number of economic laws that make Iraq a multi-financial resources countries, and is not dependent on oil as a major source of revenue.
He pointed out that Iraq had made considerable progress during the past seven years in negotiations with the World Trade Organization, in preparation for accession ,
pointing out that the government and parliament who are currently issuing legal, economic legislation supported by the implementation of the terms of accession to the World Trade Organization
[tlm724] Iraq has begun to achieve a number of paved procedures for accession to the World Trade Organization
[tlm724] including reforms in the tax system, and after that was applied tariff law
[tlm724] Saleh added that there is a tendency for the implementation of other important steps to activate a number of economic laws that make Iraq a multi-financial resources countries
[tlm724] pointing out that the government and parliament who are currently issuing legal, economic legislation supported by the implementation of the terms of accession to the World Trade Organization
[tlm724] yeah they are !