Post From Dinar Updates
Chat Room Excerpts & Highlights
Dinar Updates Monday Late Evening Chat 8-22-16 Part 1 of 3
_firefly_ says():Allawi: the government's reform of the central bank and an end to its management proxy file
2016-08-22 Talib National coalition leader Iyad Allawi, on Monday, the reform of the Central Bank of Iraq of the disadvantages suffered by, in addition to terminate its management proxy file and assign office figures enjoying competence and experience.
Allawi said, "The auction currency practice does not exist in the countries that adopt market economy because they lead to waste of money without supervision," noting that "the central bank's determination to continue the auction policy, currency and management of dollar in market prices lead to leakage of the country's financial balance across the mafias money that deplete the reserves of foreign currencies laundering. "
He added that "the dollar in the domestic market prices of window management muggers and corrupt who make their living on the difference between the official exchange rate with the parallel markets considered," and urged the government to "reform of the Central Bank of Iraq of the disadvantages suffered by, ending its management proxy file."
The statement continued that "the Economist reports on the need to reform the central bank refers to the mismanagement that in a critical economic and financial conditions," stressing "the need to assign the post of governor of the Bank to figures efficient, integrity and experience."
The Central Bank, on Sunday, for sales of the currency auction last week, which amounted to about $ 13 million.
_firefly_ says():"the need to assign the post of governor of the Bank to figures efficient, integrity and experience."
_firefly_ says():"the dollar in the domestic market prices of window management muggers and corrupt who make their living on the difference between the official exchange rate with the parallel markets considered," and urged the government to "reform of the Central Bank of Iraq of the disadvantages suffered by, ending its management proxy file."
JETSET says():i like the news everyone!
rcookie says():UH OH....THEY'RE SCREWED...WHERE THEY GOING TO FIND SOMEONE LIKE THAT.....:D
rcookie says to _firefly_():TALK ABOUT SETTING THE BAR HIGH....LOL
_firefly_ says to rcookie():;-)
jimplants says():Abadi already has a job
_firefly_ says to rcookie):Quite the statement huh
rcookie says to jimplants)::D
rcookie says():Calls for activating the investment law
8/23/2016 0:00 BAGHDAD Farah pumice said economist that Iraq is one of the most attractive locations for foreign investment and local, to the presence of a great need for large investment projects to promote the reality service and economic, so it urges the importance of activating the investment rate law properly.
Expert Adel Abu loaf noted that the Investment Law No. (13) rate provides a number of advantages and privileges and facilities to the foreign investor for gobbling to Iraq, as well as its focus on encouraging private investment and promote the development and training of human cadres and develop the skills to be able to achieve effective economic growth in Iraq.
He also stressed that the reconstruction of infrastructure and payment reconstruction project on credit will contribute to attracting international companies will promote the reality service and cultural landmarks in the country, especially as a lot of international companies , pending investment service and achieve the benefit of both sides.
He said the Iraq environment attractive for foreign investment and need big projects for the advancement of its present service and get the economy moving, where he sees that these ingredients need to activate the laws involved in the investment process, what makes an investor able to enter projects in Iraq without retreat or fear of the loss of his money.
He Abu loaf that foreign investment is divided into two parts, namely the foreign indirect investment which is mostly speculative operations in the domestic stock markets of the country invested in it, being a short - term operations controller, either foreign direct investment , it is a set up projects (residential, commercial, industrial) in the host country.
and knows foreign investment: that the net inflows of investment to acquire a lasting administration (the equivalent of 10 percent or more of Almtemtah shares the right to vote in an enterprise operating in an economy that is the investor 's economy) , which is the sum of equity and revenue money reinvested and other than the head of a long - term capital, as well as short - term, as is the case in the balance of payments.
rcookie says():WE POSTED THIS LAST WEEK THAT THE INVESTMENT LAW AMENDING WILL BE COMING SOON TO A PARLIAMENT SESSION NEAR YOU...
workhard says to rcookie():YOU NAILED THAT ONE (y)
rcookie says():SPEAKS ABOUT PROVIDING THE RESOURCES MENTIONED IN THE EGYPTIAN TEMPLATE.....
PROVIDING THE BUILDING OF AN INVESTMENT SERVICES COMPLEX THAT PROVIDES INVESTORS WITH 1 STOP SHOPPING RESOURCE ACCESS INCLUDING GOVERNMENT AGENCIES REPS TO FACILITATE LICENSING AND BUREACRACY ISSUES,...
rcookie says():REMEMBER THIS ONE....
rcookie says():Iraqi delegation in Cairo to take advantage of the experience of the Egyptian Investment Authority
08/17/2016 - 17:44 Visited by an official delegation of the Republic of Iraq, headed by Ali Yacoub head of the Investment Commission of Basra province, the Egyptian Investment Authority, within the World Bank's program for the development of investment Iraqi governorate.
Chief Executive Officer of the General Authority for Investment and Free Zones Mohammed Khudair and accept Wednesday with an official delegation from Iraq, headed by Dr. Yacoub on the head of the Investment Commission of Basra province the current role of the body and the various sectors to attract more investments to the Egyptian market.
The Commission said in a statement Wednesday that the delegation's visit comes within the framework of the World Bank's program for the development of investment and promotion in Basra province.
And it comprises 22 officials from the World Bank and the National Commission of Iraq for Investment and the Investment Authority in Basra.
She explained that it was reviewing investment services automation systems Complex services of the body in order to provide the time and effort undecided investors to the sector.
The head of the visiting delegation allowed in the tour of the investment services complex to determine the nature of the services provided to investors, where the delegation listened to an explanation of the complex chairman Mustafa Ali about the mechanisms of action targeting mainly easier for investors to get integrated services Speaking brings together all government agencies that deal with investors in one place in order to improve the environment in which offers investment services.
Khudair said, "We are delighted to share experiences with our colleagues in the sister Republic of Iraq in order to support technical cooperation between the two countries."
For his part, the head of the Iraqi delegation, "Come visit us today for Egypt within the World Bank's program for the development of investment and promotion in Basra province, and we hope to identify the Egyptian experience to develop a mechanism of our labor."
Read More http://www.dinarupdates.com/showthread.php?39134-Iraqi-delegation-in-Cairo-capitalize-advantage-experience-of-the-Egyptian-Invest-Auth
rcookie says():The representative of the World Bank, the bank's quest for the transfer of expertise at the regional level between Egypt and Iraq in the presence of representatives of the private sector in Iraq, including some businessmen who have investments in Egypt and have previous experience in dealing with the Egyptian market.
The delegation also listened to a briefing by Dr. Iman Mansour, head of the center of the settlement of the dispute body on the procedures followed by the Center for the settlement of disputes between investors.
The visit of the Iraqi delegation to the Investment Authority in the framework of the memorandum of understanding signed in 2013 between the General Authority for Investment and National Investment Commission of the Republic of Iraq.
And The Board has trained nearly 488 Iraqis in the investment, insurance, stock exchange and capital market areas, and was greeted with a delegation of 18 representatives of government agencies and the National Commission for the Iraqi investment.
It should be noted that Iraq is ranked 25 in the list of countries investing in Egypt, where the number of Iraqi contributions to 3324 companies with a capital of Iraqi reach $ 492 million and employs 4015 workers and cover the activities of companies and industrial, agricultural and service and construction sectors.
rcookie says():Single window attract investment and shrinking unemployment
8/23/2016 0:00 BAGHDAD - Imad Emirate confirmed specialist in economic affairs the importance of work per window; because of their role in attracting investors who affirm their desire to enter the Iraqi market to contribute to the development of the country , including reducing the unemployment rate and control through investment.
And Dr. Haitham Abdel - Qader al - Janabi (technical college in University of Baghdad) in an interview for »morning», that « the phenomenon of unemployment represents a stop compulsory part of the labor force a large number of members of the community , despite their ability and desire to work».
He Janabi that «this phenomenon occurs as a result of lower investment rates or a lack of capital the investor is reflected on the provision of appropriate job opportunities and deny active population of working age from their participation in economic and social development of both.
» he pointed out that« the volume of foreign investment or local has a dramatic impact on the revitalization of the work of the various artistic, technical and engineering disciplines needed by the construction sector market housing and the broader impact on the movement of labor ».
He said al - Janabi said« the country is suffering economically because of weak volume of foreign investments despite the number of companies and offices in the country, as well as that the market can accommodate different types of investments in all sectors ».
unemployment is the most serious economic and social phenomena, as appearance significantly lead to increased poverty and disease in the communities in rates, the resulting waste of the resources of the community, and represents the labor active population strength of working age, which includes workers supplemented by unemployed persons who represent the actual capacity of the community.
He focused Janabi , the importance of a stabilization big role in attracting various foreign investments, stressing that « the head of a coward money and looking for a safe environment and atmosphere for the implementation of the projects of infrastructure and other metadata.»
The ILO defines the unemployed as individuals who do not work more than 30 hours a week, and at the same time they have a willingness to work and desire, and this is different scale from one country to the other was used as a week per month or one day per week, while economists are unemployed know about the work that they are people who want to work and do not find the right opportunity.
Janabi and stressed that « the most countries suffer from the problem of unemployment but they vary in their rates and vary in negative effects on the economic and social infrastructure implications, due to the different factors that lead to the appearance of one society to another and from time to time ».
Turning Janabi , to the causes of unemployment , the emergence in Iraq, attributing this to the « low rates of investment in human capital and therefore it affects the provision of new jobs, as well as increasing the supply of labor force, and the instability and insecurity lead to a decline in investment opportunities, as reflected in the availability of jobs and not to keep pace with market requirements to work ».