Millionday News 7/4/14 Part 1
Welcome To Friday Night News Time With Millionday!
[millionday] here we go -- House of Representatives went to approve the budget of the year 2014 during the sessions of the new parliament. source said "morning": "After choosing the Presidency of the Council of Representatives new this month will be the inclusion of the adoption of the budget law, especially that it includes the allocation of large sums of money to support security forces in the fight against terrorism.
[millionday] added the source, who asked not to be named, said that "the National Alliance (180 seats) has taken such a decision at its last meeting," stressing that the adoption of the budget has nothing to do form a government, especially given that the current government is the Ministry of conduct work, ie they can disburse the budget, according to Doors agreed. It is said that the General Budget Law for the year 2014 Corner Table former House more than four months for political reasons.
[millionday] locked security forces Besnovha all battles purge several cities of gangs "Daash" terrorist. The Iraqi businessmen inside and outside the country have donated to supporting our armed forces.
[millionday] so as we see here -- the budget is very important to the position they are in for security among other things and will be addressed right away ---
[millionday] it is to be addressed by the new parliament so that the disbursement can be done for the ministries and of course for the provinces ect -- but they need military funds
[millionday] ok so the news about the budget being addressed is very good news for many reasons -- one they need it and two would be they need it
[millionday] also they are expected to begin many projects that need to move the country forward and also benefit with domestic jobs
[millionday] the fact that they have not passed it until now or at least coming up with the first session -- is very positive news - i know many of us have heard the huge hopes on the passing of the budget as well --- so very encouraging brb with more
millionday] here we go -- the title of this states that they may be forced to do this -- so lets see what they mean
[millionday] Kurdish source revealed high-level, on Wednesday, that the Kurdistan Regional Government has completed the design of the new currency, which may be one of the features of the province's declaration of independence and the establishment of a Kurdish state,
which is seeking its regional president Massoud Barzani. The source told / Iraq Press / "The Ministry of Finance in the province of Kurdistan and the Kurdistan Central Bank they had finished the design of the new currency of the region, has been put immediately after the announcement that the state is seeking the presidency of the Kurdish region to set up."
[millionday] note -- the kurdistan region has designed a currency of their own to go along with many statements that they may demand the right to be their own state
[millionday] The source, who declined to be named, said "the new currency carrying on her back a picture of Kurdish leader Mullah Mustafa Barzani," noting that "this is the first announcement features a Kurdish state."
The head of the Kurdistan region, Massoud Barzani, had announced through a press statement that he is busy with the regional parliament to study the possibility of holding a referendum in the region to demonstrate the opinion of the population of the province to declare a Kurdish state.
[millionday] so Barzani has held a press conference stating that he is polling the citizens to see if they are for an individual state or against it -- this would of course imply it would be democratic
[lstar877] So our currency will only be worth half if we can't count on GDP & oil from kurds is that correct? Or is happening five years in future?
[millionday] the thing is that the oil production from the kurdistan region being removed from the calculation would be done but it would also remove the citizens as well -- the gdp and the cost of living ect is calculated to come to conclusion of what is revenues and value
[millionday] the kurdistan region has very very high amounts of food imported to their area which has been addressed before as being a huge negaitve at this time for them to become their own state
[millionday] the move to become a nation on the flip of a dime (no pun intended) is not a normal act ---- it would require many many laws and regulation changes and constitutional changes ect -- the earliest date i have seen it as being possible is 2017
[millionday] however -- we have seen multiple reports on their threats
[lstar877] Awesome thanks md
[millionday] yw all the time hun brb with more news
[jtank] This is posturing by Barzani? And this talk changes nothing w the CBI?
[millionday] i would say it changes nothing with iraq's economic reform and is meant to show how serious they are about Maliki
[DinarGroupie] Did the ISX change on the First affect anything? Regarding reality rate, I mean.
[millionday] i have something up to bring for us to look at what the omx platform is -- so we will look at that and a few other things that may help us understand
[millionday] we have not seen it appear yet but it will be part of the stock market globally
[millionday] yw all the time hun
[millionday] here we go -- Iraq is an important trade partner for many countries, especially the neighboring Regional being did not achieve its goals after the diversification of exports of non-oil that can be described Palmtoadah where it does not constitute 1 percent of GDP as well as he is still a country a consumer due to the shortfall in electricity, which represents the basis for the production of various industries.
In this context, the researcher said economic Suhad virgins that Iraq is a business partner and economically vital to the neighboring countries and difficult to do without it at the current stage.
[millionday] note -- they are stating how important Iraq is to the market in the region and what they are depending on
[millionday] Athari told (morning) that it is excessive in doing business with Iraq is losing a lot because the country where a lot of opportunities for the establishment of productive projects that fuel the economy of the two parties. , and indicated that the flexibility enjoyed by the geographical location of Iraq through multiple outlets border with its neighbors Regional makes him the toast of sights to make a trade partner active especially in the field of non-oil, as well as owning transmission lines internal business Chalskk and external such as ports.
and media quoted the head of the Union of Turkish Exporters Mohammed Buyuceksha remarks reported, that his country's exports to Iraq fell 21 percent last month, a partner commercial head for Turkey.
millionday] note -- the region is counting on Iraq to get it together for their own growth and return to a healthy global entity -- so this is great to know
[millionday] confirmed virgins that doing business with Iraq begins partnership and then agreements to eventually reaching economic integration, calling for the development and establishment of economic relations with the countries of the new fact the country is still yet a consumer and issue a single commodity is oil.
‘meanwhile announced the Federation of Chambers Iraqi trade volume of trade exchange between Iraq and Iran reached about 12 billion U.S. dollars last year, in a press statement, referring to the possibility of doubling that figure in the coming years. He said: This is the balance of trade about $ 12 billion per year, 50 percent of which are not
[millionday] dependent on the oil industry, and this is an important indicator of the parties. Showed researcher economic importance to be the private sector's role in the diversification of exports as there are simple products in non-oil exports through the private sector ,
such as dates and vegetable and animal oils and wool, leather and some raw materials, like salt and sponge and sulfur combined value does not constitute 1 percent of GDP, as well as
[millionday] note -- as we can see the private sector has been working to prepare for trade with each other in the region and are in high hopes as well to see them move through this fast for all parties
[millionday] being not commensurate with what is owned by the country's economic potential represented by natural and human resources. showed a report to the Ministry of Planning recently released about Iraqi trade balance, that the total value of exports amounted last year to $ 94.2 billion, and imports of $ 56.2 billion, while the current account recorded a $ 32 billion ceiling, while the current account ratio to GDP at 12.88 percent.
[millionday] so as we can see -- we could all use our professors in global calculations at this point -- but as we can also see -- they are expecting to do great business with Iraq and remember something very important as well
millionday] due to the condition of the sanctions being in place at the time of the global recession -- Iraq was not affected as was many and all countries so they can and will help when the economic and trade reforms hit the globe in their region and in the whole globe
[millionday] in other words -- due to the ports and the new market coming -- everyone is excited and hopeful of the change and possibilities smile brb with more
[millionday] here we go -- this is huge and shows just how important the market is to all of the globe -- smile
[millionday] Showed more than 28 international business council and a regional readiness to support Iraq's efforts to maintain a balanced economy, in light of current conditions that Amrabha country in its war against terrorism, building strong relationships with the local private sector and the confidence of the Iraqi economy.
Maintain market The head of the Federation of Chambers of Commerce Jaafar al-Hamdani said a large number of Arab associations and international boards of joint business between Iraq and these countries have expressed their support for Iraq in its war against terrorism by providing all forms of support required by the stage.
Added in an interview with "morning" that form the support will be for all the joints of the basic materials and markets that demand advanced by Iraq, stressing that this interaction with the European Union leading to maintain the state of the markets stagger the case was expected.
[millionday] note -- unions and international corporations and private sectors as well are becoming involved so the Iraqi market produces for them the way out of the bad economic condition they are in as well --- huge huge
millionday] Russian desire >>>>>>>>>>>>>>>>>> He Hamdani to reach understandings with the Russian side in order to activate economic cooperation between the two sides, especially as the EU delegation that visited Rusik recently touching a great desire by Russian companies in support of Iraq in all its needs that enhance its capabilities in all areas without exception, where ongoing meetings during the period upcoming efforts to recruit more than 30 Russian companies interested in dealing with Iraq and to enter the stage of direct engagement, especially as the country needs the support of all the friends in the world.
[millionday] note -- Russia is also trying to help so that they may also benefit from the new market Iraq will bring and also the economic benefit
[millionday] Kuwaiti facilities >>>>>>>>>>>>>>>>>>>>>>> He pointed to the existence of connections active with trade associations in the neighboring countries, especially Kuwait and its neighbor Iran, which initiated Kuwait to provide all the facilities in the side of the passage of goods to Iraqi markets by harnessing Turanci for commercial traffic Iraq,
while saying it was neighbor Iran to provide all facilities for its part, the border crossing points in order to achieve the highest flow of the passage of what is needed to support the country's economic activity.
millionday] note -- so we also have Kuwait ready to help and take part in this economic need coming to fruition as well --- this is great and there is more -- smile
[millionday] Border ports >>>>>>>>>>>>>>>>>>>>>>>>>>>>> And the mechanisms of action of border crossings Hamdani said that the ports of South and ports with the Iranian side, the old and new operating continuously under the supervision of the Union and government agencies in order to overcome all the limitations that may occur when passing commercial materials into the country,
pointing out that the port Trebil border works very efficiently and receives commercial traffic in normal, indicating that the Union is closely following mechanism of action of this port and commercial goods to pass.
[millionday] note ---so as we see -- they are also ready to begin the traffic with the ports as well and see it as a huge way out of the economic downfall for all nations it appears
[millionday] here comes the last part of it
[millionday] Low prices He said that the abundance of food in local markets stems from a sense of national dealer Iraq in support of the armed forces in order to preserve the unity of the race, noting that food is the hinterland essential to achieve victory on the battlefield,
and that the Iraqi trader is aware of this role, which will make it multiplies work and follow the needs of the local markets, as the price drop continuously exceeded the barrier of 20 percent in some of the material needed by the country and that the reduction sustained by some of the suppliers of food,
indicating that this approach misses the opportunity to those who try to exploit the situation for personal benefits.
concluded Hamdani Speaking by saying that the EU has specialized teams relay the reality of wholesale markets in the beautiful and Shorja in terms of material availability and prices, and we have figures heated to receiving complaints by citizens in any abnormal condition,
pointing to the lack of marking any negative situation by condition, pointing to the lack of marking any negative situation by committees or citizens as well as the media, and this guide to the abundance of food and their stability.
[millionday] so as we see again -- the prices of items going up as we see here in holidays is not being allowed there and also the abnormalities that could be going on are being controlled and it seems that huge eyes are on Iraq and hopes of maintaining the economic expectations even with the terrorism that is going on are larger than even before ---
so this is great to say the least -- so many are waiting on the country to enter the market and also import and buy their exports that the market should gain in a huge hurry ---