Millionday Roundtable 4/11/14 Friday Afternoon
Post By Rudie Part 1
[millionday] welcome to roundtable at dinarupdates.com everyone smile
[millionday] Economic Conference on the world economy and its impact on Iraq After two days of discussions and throw Research concluded in the halls of the University of Nowruz Thursday, the tenth of April --2,014,
the conference's own economic study international economic changes and their impact on the financial system in a federal Iraq with the participation of 120 specialists from universities in different Iraqi conference included throwing about 20 academic research dealt with axes economic and financial important at the level of Iraq and the Kurdistan region.
[millionday] note -- this economic conference is huge and is all about the impact of such a change by Iraq`s economic reform and also the fact that they will now be exposed to the economic global condition as well
[millionday] Iraq was the only country that was not effected by the global recession etc due to the fact they were under economic sanctions -- i read that somewhere -- (so summary)
[millionday] Dr. Hashim Zebari, a member of the Supreme Committee supervising the organization of this conference, told Radio Free Iraq that the aim of the organization of this conference is to highlight the financial problems suffered by Iraq and how to find ways to solve these problems and reduce them,
especially that Iraq is one of the rentier states that rely on oil as a source So basically in the economy, they are strongly influenced by international political variables, especially those that occurred in the Middle East.
[millionday] note -- i can think of a great way to reduce and resolve all problems -- money
[dstratton04] The solution is bring on the reality rate.
[millionday] Zebari said that they "will lift the recommendations they reached during this conference to the concerned authorities in the provincial government in order to take advantage of them in overcoming the problems that plagued Iraq in general."
To that explained Dr. Dr. Thoraya Khazraji from the University of Baghdad, which participated in this conference, research on the banking reality in Iraq, explained that there are backward in the banking reality in Iraq,
[millionday] note -- they will apply the results of this conference and the reality of banking is of course inclusive of the reality value of the dinar
[millionday] this report is long and full of great info -- very good one
[millionday] Izzat reason for this is the lack of trust between the citizen and the local banks in addition to the system used in Iraqi banks Old and needs to make fundamental reforms so that banks can actually keep up with the global banking.
For his part, criticized Dr. Bassem Abdul Hadi from the University of Nowruz went Kurdistan region and Iraq to use Bmsttmaren from Turkey and neighboring countries, and said,
[millionday] note -- keeping up with the global banking tells us that part of the results is global banking -- whooopow
[millionday] and said>>>>>>>"If we want to develop our economy in Iraq and the region should attract investors from developed countries such as Japan, Korea and Germany because these countries are able to build a real investment opportunities such as the establishment of plants for the auto industry,
just as we see that the majority of investors are investment projects in the residential sector and local investors able to do so we have to attract investors from economically developed countries in order to evolve just like them. "
[millionday] note -- makes perfect sense -only take advice from those that you would like to stand in their shoes - note -- facing this means here it is on the way and in their face as in here this reform comes
[millionday] Mention that this conference has addressed several themes, such as how the evolution of fiscal policy and improve the development of the banking sector and the investment side in order to develop economic activity in Iraq in light of the challenges they face as a result of policy changes in the region.
[millionday] so this conference results will be applied after the two day event as they have decided to apply it so very interesting and encouraging to say the least -and i will add whoooopow – smile brb
[millionday] here we go -- North America Western Asia Holdings (NAWAH), U.S. Steel Tubular Products, a subsidiary of United States Steel Corporation, and MRC Global Inc. have announced an alliance to bring critical oil well equipment into the natural resources-rich region of southern Iraq.
It has been said that the consortium will serve an international lineup of leading oil and gas companies charged with developing Iraq’s giant oil and gas fields.
[millionday] This consortium has committed to providing an initial inventory of oil well equipment to launch the effort and plans to expand Iraq’s in-country supply of material when the oil well demand increases. The first shipment of oil well material is expected to arrive in Iraq in early May.
NAWAH, with regional headquarters in Dubai, United Arab Emirates and operational headquarters in Basra, Iraq, is focused on world-class port operations and supply and distribution centers in southern Iraq.
[millionday] i agree -- to begin in May too -- this is great
[millionday] U.S. Steel Tubular Products is the largest integrated tubular products producer headquartered in the United States with more than 100 years of experience serving the energy markets. Houston-based MRC Global is the largest global distributor of pipe, valve and fitting products and services to the energy and industrial markets.
[jtank] Big players
[millionday] note -- very interesting that we see Houston again as well -- huge players
[millionday] Paul Brinkley, NAWAH’s president and CEO, said, “The resonating call for American-made products to support Iraq’s burgeoning oil and gas development efforts led us to this moment.”
He added, “Together, the strengths each consortium member – U.S. Steel Tubular Products, MRC Global and NAWAH – brings can help Iraq create a market that has not been witnessed in history since Saudi Arabia developed the world’s largest reserves of oil and gas.”
[millionday] note -- Iraq is expected to be a huge market economy and also very very wealthy -- it will be amazing to see or check on after the fact
[millionday] note -- check the rest of this out and remember one thing this is the country you are invested in -- smile
[millionday] “To play a role in equipping what will potentially be some of the world’s largest petroleum extraction projects, while simultaneously helping Iraq become economically sustainable is an enormous opportunity,” said George Thompson, vice president – tubular commercial for United States Steel Corporation. “We are thrilled to be a part of this historically-significant moment.”
[millionday] note -- part of this "historically-significant moment----- the EVENT----maybe -- smile
[millionday] “Leveraging the reputation that U.S. Steel Tubular Products has built globally with its energy tubular products, combined with the expansive portfolio of pipes, valves, fittings and flanges that MRC Global supplies across the globe and NAWAH’s regional and in-country operational expertise,
we believe that this consortium can be a successful part of Iraq’s energy infrastructure rebuilding,” said Rory Isaac, MRC Global executive vice president – international operations.
[millionday] so this is huge and very exciting and if you dont feel it -- check your pulse lol[jtank] Builings/ bridges[millionday] good googly moogly is what this used to be called – smile brb with more
[millionday] this was sent to me and we will read it together - it is from the imf and is very very telling by what i see so far - a little long but -- oh boy
[millionday] Managing Director of the International Monetary Fund (IMF) Christine Lagarde said on Thursday that the global economy is turning the corner, but the recovery is still too weak and too slow with 200 million people unemployed.
"Bold actions are needed to generate more rapid, stronger, and sustainable growth", Lagarde said at a news conference before the IMF-World Bank Spring meeting, scheduled for Friday. The IMF slightly lowered its projection of world economic growth to 3.6 percent for this year, and 3.9 percent for next year.
[millionday] The IMF is concerned about an extended period of low inflation in advanced economies in general, particularly in the euro area, Lagarde said, reiterating that the euro area should take unconventional monetary measures "the sooner the better".
She said advanced economies also need to get the pace of fiscal adjustment right and the normalization of their monetary policy right in due course as well. It will be about timing, and communication.
[millionday] note -- the sooner the better is right i would like to say -- whoooopow >>>>>>>>>>>>>>
[millionday] Emerging market economies need to strengthen macro and prudential policies to safeguard against market volatility, but she also noted the lost of momentum of emerging markets "is a little bit overdone".
"They are still providing the bulk of growth. What is new is that advanced economies have picked up, and there is that rebalancing happening at the moment. But I wouldn't call that a shift. I would call it rebalancing." she said.
[millionday] note a rebalancing is exactly what we need -- oh i mean what they need smile - the rest of the report goes into China etc -- but the great point has been made for sure -- love all of that
[millionday] thanks for the send -- great find - brb with more
[millionday] here we go - this is absolutely the most very important of the day and very very important news - we will read the whole thing together and then discuss it
[millionday] Signed Mr. Head of the Judiciary, Judge Medhat al-Mahmoud today Thursday, 4.10.2014 new agreement of cooperation with the United Nations Development Programme in Iraq at a conference attended by a number of judicial authority figures.
said Judge Medhat al-Mahmoud said in his speech that "we meet today with officials of the United Nations Development Programme Iraq to sign with them a cooperation agreement new.
[millionday] and praised the commendable role of the United Nations Development Programme, said, "They have projects, many of which create a rule Iraqi legislation since the founding of the modern state early last century to the present day and updated on an ongoing basis and the training of crews Iraqi employees of the judiciary to deal with this program.
[millionday] Mahmood said that "the development of legislative base is not for documentation only, but to serve all the people of the judiciary and the law and concerned and in addition to that she documented the history of Iraq in terms of realism.
[millionday] And continued, "as he took the United Nations also open courses in the Institute judicial development to raise the capacity of judges and public prosecutors, investigators and employees of the judiciary all, "stressing" the development of the software system for the conduct of civil proceedings.
[millionday] Stressing, the success of this experiment, and expressing at the same time "the possibility of her uncles on the courts of all of Iraq. " increased Authority President federal judiciary "The program internationalist foundations offices of legal aid in the courts of Baghdad and Basra to the duty of directing the people who need to stay proceedings and to give them the legal information, especially women who need in matters of personal status to those who know them how to access their rights."
and went on, "the program has put the experience of the courts Alanmozjah which are intended course of action in the courts, but stopped a little bit, "and expressed the hope" in re this experience and make all courts atypical.
[millionday] note -- this is the entire federation of law for Iraq -- some say this is something we would see right before the application of the reality rate of the dinar -- international compliance of law to back up the international entry
[millionday] "investigative work based on justice and the corner which is based upon the Constitution delegated to investigate judicial power exclusively and this is something we desire and we tried implanting since the independence of the judiciary in 2003," On the other hand, he emphasized "the need for the executive and the judicial police in the execution of orders and decisions issued by the judiciary.
[hstrymknwmn] You mean federation council[millionday] yes this is signed with the United Nations and done - Ty - Exciting to say the least
[millionday] we are going to read the whole thing for clues -- smile
Comments may be made at the end of Part 2 Thank You