Millionday News 5/23/14 Part 1
Welcome To Friday Night News Time With Millionday!
[millionday] ok first i would like to address something we were discussing today -- the timeline for the new global platform for the isx has been misunderstood -- and i will like to explain it to you
[millionday] the work that has been done on the isx to make it ready for the globe is massive and we have read many times things that they are doing to it for preparation - one of the things that we will see in the very near future -- in fact in the month of june will be the activation of the securities act for the isx and the country of Iraq
[millionday] now what this will do will put into law the stock market laws and make them comply with all of the global stock markets
millionday] july 1st is when the platform for global entry is going to be activated for the isx which is different than how it is now because it is an internal market -- within Iraq
[millionday] the change will be the global market capabilities that will be activated
[millionday] now of course this is a huge huge market change and huge PROGRESS
[millionday] the meetings that we have read about with nasdaq and with forex and with the many international markets started years ago --- this step is huge and it is necessary for the entry to a market economy and also for the currency to be internationally recognized
[millionday] now as far as some thinking it is the actual date for the value change and for the international rates is not necessarily wrong but this is not set in stone
millionday] so with that said -- i will brb with news smile thank you for your attention brb
[millionday] here we go -- now remember that today we were reading about Kurdistan sending oil proceeds to turkey and also sales of oil are going on against the orders of the oil ministry
[millionday] Oil Ministry held Turkey the legal consequences of the sales of the oil of Kurdistan Region. A spokesman for the Oil Ministry, Assem Jihad, said in a statement to the National Iraqi News Agency / NINA / that the KRG export of oil to Turkey is illegal and held Turkey to bear all the legal consequences of that. He added that the Oil Ministry warns all the European oil companies of purchasing Iraqi oil which is exported illegally by the Kurdistan Regional Government.
[millionday] He said that the oil ministry will set up a lawsuit against the Ministry of Natural Resources in the Region for its oil exports without the agreement of the central government, referring to the start of legal proceedings against Turkey and Botash company for violating the agreement signed between the two countries in 2010 and that the oil ministry will submit a complaint to the International Chamber of Commerce in Paris.
[millionday] The Turkish Energy Minister Taner Yildiz, said in a press statement that "the first shipment of oil exports of Kurdistan Region transmitted via the new line to Turkey was sold to Italy and Germany, noting that the size of the shipment was about 1.05 million barrels.
Oil Ministry has announced this evening that it filed a lawsuit against the Ministry of Natural Resources in the Kurdistan Regional Government for its export of oil without the knowledge and approval of the central government. Meanwhile, the Kurdistan Regional Government announced that it is going on with the export of oil, despite opposition of the central government.
[millionday] so as we see -- legal action is going to be taken in international courts -- so the results will be news to come - an obvious proof of the democracy and working court system in Iraq
hbredfish] If the budget is passed and the Kurds are happy will the lawsuit continue
[millionday] that i am not sure of -- they may use it as a leverage point in the future -- that i would not be shocked by brb with more smile
millionday] Following the announcement of the results of the elections of Kurdistan Region’s provincial councils by the Independence High Electoral Commission of Iraq.
PUK Political Bureau issued a statement congratulating the freedom-loving people of Kurdistan on the success of the process.
The statement that was received by All Iraq News Agency also addressed the media outlets which were keen on taking place an election free from fraud and chaos.
The congratulation also was directed to entire participating parties of the elections, hoping the process would be seen as an experiment to promote democracy and undertake the democratic duties in Kurdistan Region and Iraq.
[millionday] “On concluding the election process, we take this opportunity to once again reiterate that PUK with its remarkable victory recording at the level of Iraq and the region is still committed to deal responsibly with the emerging issues and seek for solutions to the matters relating to Iraq, Kurdistan Region and the disintegrated areas,” part of the statement reads
[millionday] “We deeply show appreciation and congratulation to the families of martyrs, Peshmirga, PUK comrades and supports on the success of PUK Lists and candidates in the recent elections of Iraq and Kurdistan Region which would have not possible without their efforts and effective pre-election campaigning,” the statement added.
PUK took valuable lessons from the last elections and diagnosed the faults; thus, it will never sacrifice its differences for any kind of policy away from the roadmap coming in the statement issued during the last meeting of the PUK Leadership Council, the statement further added.
[millionday] so what this is -- a written statement and given statement that promises the PUK has every intention of making a huge difference in the country of Iraq and help to change the condition of the country -- huge promises and very positive statements smile
millionday] i think the way this all turned out shows that kurdistan is very encouraged by their place in the federal government and the election results -- love it brb with more
[millionday] here we go this is the results of the fair in Kurdistan
[millionday] The governor of Erbil Nawzad Hadi, on Tuesday, the success of the Erbil International Fair eighth for construction and reconstruction and industrial machinery, natural stone, ceramic, which was held in the city of Arbil last week to attract companies and investment capital to work in Iraq. said Hadi for "tomorrow's Press,"
"The exhibition, which was attended by more than 450 companies specializing in the field of construction and reconstruction, including 23 Arab and international has been showcasing the latest products and models of global needs of the Iraqi market in the construction and reconstruction taking place in most of the provinces of Iraq." and
[millionday] added that "more than 20 companies post so far expressed a desire to work in Iraq and engage in industrial investments and construction to contribute to the movement of reconstruction taking place in the cities of the country,
"noting that" the exhibition will stimulate trade and economic development in the country and the definition of companies with local products and the introduction of modern technology and high-tech industries to the Iraqi market. "
[millionday] note -- the contracts are expected to bring huge advancement of modern technology -- also it is to stimulate economy and trade -- now that we love
[millionday] He Hadi that "this exhibition is an opportunity to meet with local companies with international companies to exchange experiences and training of cadres and improving their performance. opened by the Minister of Housing in the government of the Kurdistan region,
in the 14th of May, the current, the show's eighth industries and construction on the land of exhibitions in Arbil, and among the "350 companies from 21 Arab and foreign countries participated in the exhibition ", called" local companies to benefit from the expertise of these companies. "
millionday] now as we know that was the whole goal of the changes that have taken place with the private sector as well -- hooking up the iraqi companies with the global companies that are already doing global business competitively --and successfully - we did not know about this conference - smile - brb
[millionday] here is the news about the wto -- WHOOOPOW
[millionday] increased the votes to claim Iraq’s accession to the World Trade Organization, as part of the phase transformation to the capitalist system and its openness.
And fulfill its obligations to the international community made by the same signing of the Charter of the International Covenant. since said economic analyst Abbas Ghalibi that the economic environment in Iraq are not eligible for entry into the WTO because of the laws that governed which does not keep pace with the evolution of the global economy. added Ghalibi in a press statement:
“The Iraq is not qualified now to enter the World Trade Organization
[millionday] note -- that is from the release from april 7th
[millionday] now lets look at the next parts
[millionday] because of its transformation into what is known as a market economy, despite the positive effects that may affect the economy in Iraq if it were to enter the WTO, and that the government has taken a number of measures and controls that facilitate the way for it to enter to the WTO,
including the enactment of important laws contribute to the development of the Iraqi economy. ” and pointed out that “these laws to combat unemployment in Iraq, as well as the fight against inflation, which hit the Iraqi economy during the past period, and to work on the development of the private sector,
which could indicate all these reforms that Iraq began to turn into a market economy, which Stahlh to enter the World Trade Organization. ”
[millionday] note -- the legislation that was demanded and the changes they needed to make -- the WTO is very happy with -- smile
[millionday] and between Ghalibi, “he must find a favorable environment for Iraq’s accession to the World Trade Organization, especially since Iraq observer member in this organization, and that all the current circumstances serve Iraq to join but after it is activated all the laws that will be the first to contribute to the activation of its economy and make it parallel to the global economy. ”
[millionday] note -- upon their activation of the monetary policy and the entire economic reform -- they are ready accroding to this and the statements made in the last meeting
millionday] For his part, the economic analyst Zuhair al-Hassani, said that “Iraq’s accession to the WTO will be a weapon, which is struggling by the shoddy goods to enter Iraq.” Hassani said in a press statement:
“The Iraqi constitution provides for the development of the private sector, which can not be done only with the help of global investment, and therefore, the survival of Iraq outside the WTO will deprive us of the entry of foreign investment for the development of the Iraqi economy,
and that Iraq can not be closes on itself because the infrastructure experienced by Iraq in the past were built by companies sober and because of the passage of time it became Mthrih. “
and” The Iraqi market is open on all sides, and this thing has caused the entry of goods bad of all States, which is not able to Iraq to take any action on these goods entering for its domestic market , so
[millionday] note -- remember that we told you one of the most important benefits of the entry of active membership is the monitoring of the goods entering the country
[millionday] which is not able to Iraq to take any action on these goods entering for its domestic market , so Iraq’s accession to the World Trade Organization gives us the right to fight flooding the Iraqi market goods shoddy through regulatory agencies created by the organization in all countries of the world. “and pointed out that” Iraq’s accession to the World Trade Organization,
which is an observer member which is carried out through reforms economic through the activation of a number of laws to combat unemployment and to combat inflation in the Iraqi economy and work on the development of the private sector. ”
And between, that “Iraq’s accession to this organization is likely to bring some advantages such as opening international markets to Iraq and to attract foreign investment and integration with the global economy as well as the opening up front capital and integration with global financial markets.
[millionday] note -- their active membership they are prepared for will help and resolve the remianing issues suffered by its gain and growth so that they are not hurt by shoddy goods and flooded by them if active accession is stalled
millionday] as she analyzed the economic peace Sumaisem, that “Iraq’s accession to the WTO will facilitate the integration of Iraq into the global market. ”
She Sumaisem in a press statement: “The Iraq’s accession to the WTO will help Iraq to create links with global destinations and major companies could have to create an investment climate for these companies to come to Iraq for investment and the productivity of the base configuration.”
She pointed out that “Iraq does not have laws or legal environment in order to join the World Trade Organization, and that these laws are not eligible in order to make Iraq transformed to a market economy, which contain several features the first of which is to join the WTO agreement, which runs Iraq observer member out .
“It showed, that” if he wants Iraq to join the World Trade Organization that it seeks to improve the status of the economy and change the laws that will turn Iraq into a market economy. ”