Millionday News 8/8/14 Part 1
Welcome to dinarupdates.com for news time with Millionday!
[millionday] SO WE ARE GOING TO START OUR NEWSTIME IN JUST A FEW -- THERE IS A LOT OF SMOKE OUT THERE AND A LOT OF NEWS
[millionday] I HAVE LOADS FOR US TO SEE TONIGHT -- GOING TO BE A VERY FULL NEWSTIME SO GET YOUR DRINK AND GET COMFORTABLE ALL BIG NEWS SO IT IS FOR SURE WORTH OUR TIME -- EVERY WORD BRB --WE HAVE A LOT OF GREAT NEWS TONIGHT SO DONT GO ANYWHERE –
millionday] WHOOOPOW MY FRIENDS -- YOU ARE GOING TO LOVE IT -- THERE WAS ALOT THAT WENT ON TODAY THAT WE WILL DISCUSS AS WELL
[jimplants] millionday i would love the federal council, a new prime minister and hcl and and rv
millionday] I AM GOING TO GIVE YOU A SUMMARY OF THE UPDATES WE GOT TODAY AND THE NEWS TONIGHT IS THE BEST WE HAVE SEEN IN A WHILE
[millionday] jimplants THEY HAVE IT ON THE AGENDA
[millionday] OK HERE WE GO
[millionday] FIRST LET ME HAVE THE FLOOR AND I WILL UPDATE YOU QUICKLY ON WHAT HAPPENED TODAY
[millionday] LAST NIGHT OR EARLY MORNING THE US DID BOMB SO THAT THE KURDISTAN FORCES COULD HAVE SOME HELP AND GET THE PEOPLE THAT WERE TRAPPED ON THE MOUNTAIN OFF
AND ALSO WE BOMBED AGAIN TODAY AND ARE HELPING WITH THE ISIL ATTACKS THAT ARE HURTING THE COUNTRY
[millionday] IN THE REPORTS THEY MADE IT CLEAR THAT IT IS FOR THE PROTECTION OF OUR WORKERS THERE--HUMANATARIAN AID AND ALSO FOR AIR HELP FOR THE FORCES ON THE GROUND
[millionday] ISIL HAS BEEN HURTING THE WEST AND THE NORTH AS WE KNOW SO THE UNSC ALSO HAS BEEN MEETING AND ACTION IS BEING TAKEN
AND THE ANNOUNCEMENTS WERE ALSO MADE THAT THE GOAL IS TO SUPPORT IRAQ WHILE THEY FORM A UNIFIED GOV IN THE HOPES TO WORK TOGETHER AND TAKE CARE OF THEIR OWN SECURITY
[millionday] THE ANNOUNCEMENT WAS ALSO MADE THAT THE US HAD TOLD IRAQ THEY WOULD NOT COME IN AND HELP UNTIL MALIKI WAS REPLACED AND A UNIFIED GOV WAS FORMED FROM THERE SO THAT WAS EXACTLY WHAT WE WERE DISCUSSING
[millionday] OBVIOUSLY THE US HAS MADE IT CLEAR THEY ARE WANTING TO ENSURE OUR INTERESTS ARE PROTECTED BUT ALSO THAT THOSE THAT WERE IN HARMS WAY WERE HELPED
[millionday] SOMETHING TO BE PROUD OF
[millionday] OK SO NOW I HAVE SOME NEWS TO BRING YOU BRB
[millionday] Hussein al-Tamimi Tgb confirmed specialist affairs banking that the process of development banking linked to the opening to the banking systems and international capacity to work on the supply of advanced technology and certified in the biggest banks in the world.
said Nazim Mohammed Ugaili in an interview for "morning," said The banking sector needs to be developed all the joints in terms of sophisticated banking systems that expand the size of the products offered to the public beneficiaries at all levels, as well as
[millionday] NOTE -- THIS IS ABOUT THE ENTIRE BANKING REFORM IS NEEDED TO BE LAUNCHED TO MOVE FORWARD WITH INTERNATIONAL AND IRAQI PROJECTS
[millionday] the creation of a specialized administrative cadre of young people has the ability to harmonize with the new high-tech trains in the best country in the world in the development of the banking sector . ,
and pointed out that the country enjoys the attention of the global banking sector, where it began a major international banks in the presence inside the yard of local labor through open branches practiced banking activities to a high degree of technical as well as the size of the products great offer,
pointing out that this matter must be push local banks to expand the circle of its products to compete with the new, who attended to the country.
[millionday] NOTE -- THEY ARE BRAGGING ABOUT THE INTENSE TRAINING THEY HAVE RECEIVED AND THE EXTENSIVE SERVICES THEY ARE OFFERING DUE TO THE TRAINING AND ARE ASKING ALL BANKS TO ALSO MOVE FORWARD TO COMPETE
millionday] either an economist Muzaffar Jalal has pointed to the importance of the adoption of the recommendations of the First Banking Conference for its role in the development of the local banking sector, which awaits a large volume of work.
He Ahmahaadh considering legislation and laws that regulate banking and modify the Banking Act No. 94 of 2004 and the issuance of the law of Islamic banks as permitted banks to support and assign development programs.
[millionday] NOTE -- HE IS TALKING ABOUT THE HUGE BANKING CONFERENCE THEY HAD A COUPLE OR SO MONTHS AGO THAT TOLD THEM ALL THEY NEEDED TO DO TO PREPARE FOR THE GLOBAL BANKING
[millionday] NOTE -- THIS IS A NECESSARY STEP AT THIS TIME IS MY FAVORITE SENTENCE IN THIS PART -- SMILE
[millionday] stressed Addourh establish a development bank contributes to the private and state banks to finance major projects, and another bank to finance small and medium enterprises in order to work on the reduction of unemployment.
promised to call for the establishment of a training center bank takes it upon himself to train qualified banking on the best technologies, banking and call for the expansion of the modes of financing long-term rather than focusing on traditional products, a necessary step at the present time, as well as
[millionday] NOTE -- BUT IT SEEMS TO ALSO GET BETTER AS WE READ ON -- SMILE
[millionday] strengthening cooperation between banks and the central bank with the necessity of the Iraqi Central Bank by finding a pattern of supervisory and regulatory justice to monetary policy,
also pointed out the need to develop risk management in accordance with the Basel 1 - 2 - 3 for coordination with the regulatory authority to suit the work of banks.
[millionday] , and continued his speech, saying that the country is on the verge implementation of strategic projects large need to be advanced banking services, which leads to speed in the work to promote the products global banking,
according to the plans of action-minute take on the re-distribution map of local banks, according to Hhm work in every city and the actual need to the number of banks as well as the population density .
[millionday] SO AS WE SEE HERE THEY ARE SAYING AT THIS TIME THEY ARE MOVING FORWARD WITH THE HUGE PROJECTS
AND THIS IS THE ANNOUNCEMENT OF HOW IMPORTANT THE BANKING REFORM AND MONETARY POLICY IS RIGHT NOW IN THE POSITION THEY ARE IN AND WHERE THEY ARE GOING -- WHICH IS TO GLOBAL MARKET AND GLOBAL BANKING --
[millionday] NOT EVEN A SMILE
[millionday] WOW TOUGH CROWD LOL
[blossom] ok [
letsroll] very nice indeed
[millionday] WHAT ELSE DO I HAVE TO DO LOL
[millionday] I AGREE VERY NICE
[Smokey Mtn. Dinar] It's Friday, and we are all tired!
[millionday] LET ME JUST SAY THIS
[faith1] RV !! on the verge ... Love IT
[jimplants] You know what i b looking for
[graylnjo] So are they ready???
[jimplants] But i still smile
[minkfarm] MD is this saying we are moving forward or just talking about moving forward?
[Rockin'RV] We need rates and dates million day
[ROBINREDHED] jimplants my backside as im in line in front of you at the bank, thats what you are looking for
[millionday] THE THING IS THAT THIS SHOWS IS THAT IT IS SEPARATE WHAT THEY ARE DOING FEDERALY WITH THE REFORMS AND WHAT THE DEPARTMENT OF DEFENSE IS DOING IN A COUNTRY
millionday] THIS IS SAYING THAT WHERE THEY ARE RIGHT NOW THEY HAVE TO HAVE THE LAUNCH OF THE BANKING REFORM AND MONETARY POLICY TO MOVE FORWARD WITH THE PROJECTS -- AND IN THE PLACE THEY ARE RIGHT NOW
[millionday] SMILE BRB WITH MORE
[graylnjo] So they can work with a higher rate???
[Rockin'RV] Millionday any news on the political front
[smiller67] Is there anything more they need to get done with the Banking and/ or Monetary Reforms?
[millionday] YES THEY NEED TO LAUNCH THE REFORMS AND SET THE VALUES AND THE INTERNATIONAL RATES –
ANY BANKS THAT WANT TO ENTER THE MARKET ON THE ISX OR ESX NEEDS TO GET IN THERE -- BUT THEY SEEM TO BE SET UP TO TAKE CARE OF THINGS AS THEY ARISE FROM THERE
[faith1] 8:07 PM , and continued his speech, saying that the country is on the verge implementation of strategic projects large need to be advanced banking services, which leads to speed in the work to promote the products global banking, Whooo POW
[minkfarm] So what steps are lacking?
[millionday] HERE IS SOME MORE ON WHAT THEY ARE SAYING ABOUT IT
[millionday] I AGREE
[millionday] HERE WE GO
[millionday] Linked to the process of attracting investment to the country, the importance of the application of modern technology, and management techniques effective,
in addition to providing employment opportunities to contribute in reducing the unemployment rate, as it calls for an economist to the importance of contracting with companies discreet in the establishment of investments in various sectors, calling plans efficient to draw the policies of public spending in the country.
illionday] NOTE -- THEY ARE TALKING ABOUT THE APPLICATION OF SPENDING POLICIES
[millionday] OK HERE WE GO WITH REST
[millionday] economic expert, Dr. Kamal Al-Basri pointed out that the investment sector in Iraq should be enjoyed to the principles of good governance, especially as it is not just a mechanism to provide liquidity for the project, but beyond Therefore, he says.
added visual for "morning": that "investment is the main factor in the progress of many countries of the world, as it must attract foreign and domestic investment to set up service projects and infrastructure projects,"
adding that the process of attracting successful investments, implement and enforce the correct format reflected the transfer of production technology, and the transfer of administrative methods effective to them, as well as providing many job opportunities attract scientific talent and artistry.
[millionday] NOTE -- HE IS SAYING THAT THE ADMINISTRATIVE ASSOCIATION IS VERY IMPORTANT IN THE PHASE OF DEVELOPMENT WE ARE IN DUE TO THE NEED TO MAKE SURE THAT ALL REVENUES ARE FOLLOWED CAREFULLY TO BENEFIT THE GREATEST
[millionday] NOTE -- THIS REPORT IS SO VERY EXCITING DUE TO THE WAY THE ENTIRE THING DISCUSSES THE INTERNATIONAL CONNECTION THROUGHOUT AS WELL AS THE INFORMATION
[millionday] between the foreign investor or local usually looking for an environment for business has less potential risk to the project, as it is achieved through the governance of the institutions involved in this field , along with other institutions associated with each other,
which increases the intensity of investments as a feature of the economic advantages. explained as Basri, said the vocabulary of governance stresses to ensure the rights and the application of agreements and contracts strictly and regularity and ease of implementation matters relating away from individual practices, in addition to achieving greater premium Justice in the dispute, saying that the current situation indicates that the policy of the adoption of the projects are closer to improvise, he says.
[millionday] NOTE -- HE IS SAYING THAT THE SMOOTHER THINGS RUN TOGETHER WITH ALL DEPARTMENTS BE IT GOVERNMENTAL OR LOCAL OR INTERNATIONAL –
THE MORE REVENUES THERE WILL BE DUE TO THE ACCURACY AND THE LESS DISPUTES ---
AND THE USE OF THE JUSTICE SYSTEM IS EASIER AS WELL SHOULD THAT BE A PART THAT COMES UP DUE TO PROPER DOCUMENTATION
[millionday] , and stressed the importance of the development of feasibility studies and especially for investment projects, in addition to developing plans for efficient paint spending policies,
and planning of oil revenues, saying that it does not exist in Iraq economic institution is interested in studying the global market, including the study of oil prices, which constitutes 95 percent of overall revenues.
[millionday] NOTE -- OF COURSE FOLLOWING THE MARKET AND THE DATA ENTRY NEEDED ALWAYS AND ACCURATELY IS ALSO VERY IMPORTANT -- HE STATES DUE TO THE HUGE PORTION IT ACTUALLY IS RIGHT NOW OF COURSE
[millionday] sees Basri, said the failure of business indicators of economic issued by international institutions, as well as indicators of financial and administrative corruption will enhance the ranking of Iraq in bank credit and depriving them of opportunities for investment companies discreet in the economy,
which is contributing to impede the transfer of production technology and advanced management practices that support the development of the private sector and the public alike.