Millionday Roundtable 7/25/14
Welcome to dinarupdates.com for Roundtable with Millionday!
[millionday] first lets say that for those that dont know we have a new president as i told you on wed
[millionday] so now the formation of the gov is taking place here is some news on that
[millionday] Baghdad confirmed the National Alliance, on Thursday, he is committed to Palmdd constitutional and will present its candidate for prime minister without bypassed, as the largest parliamentary bloc number in parliament.
spokesman for the National Reform Movement, Ahmad Jamal's "Tomorrow's Press," "The National Alliance bless the House of Representatives his success in the National Merit important goal of the election of the President of the Republic, "noting that" the National Alliance and as the largest parliamentary bloc number would strive to provide the candidate for prime minister.
[millionday] and added beauty to "provide the National Alliance for the candidate to head the new government will be in accordance with the terms of the constitutional and without any delay , and are asked to form the government to ensure the provision of better services to the Iraqi people and Iraq,
which suffers from a security situation and humanitarian difficult and awkward. " and was elected Iraqi Council of Representatives, earlier on Thursday, the Kurdistan Alliance candidate Fuad Masum, the president of the republic, after receiving 211 votes out of 269 deputies.
[millionday] great news whoopow brb with more whooopow
[millionday] Baghdad announced General Company for Ports of Iraq, on Tuesday, about the existence of a plan to increase the number of commercial docks in the ports of Iraq to facilitate the entry of goods to Iraq and receiving a larger number of vessels.
The general director of the company Omran Radi for "tomorrow's Press," said that "the company is seeking in the next stage to increase the number of berths in the ports of Iraq to 83 berths by adding 37 new berths that will give more space to facilitate entry of goods into Iraq."
[millionday] note -- getting ready for a market economy nice
[millionday] "In the case of adding these sidewalks would be responsible for increasing the carrying capacity of ports to 29 million tons per year," noting that "the government has given the port sector great support over the years, most notably the direct execution of the port of Faw, as well as the modernization and development of the infrastructure of the ports of South Each of Umm Qasr and Khor Al-Zubair port and stronghold. "
[millionday] what this is about is the expansion of the port entry capacity -- they are adding shelves for semi trailers ect -- they must be expecting lots of imports -- huge trade hub
[scuffy] thanks, they seem to be getting on with so much, ports, banking etc but when do you think they will get to the point where they can't do anymore without rving?
[millionday] they claim to be activating the economic reform and that includes the monetary reform
millionday] the timeline is up to them but they certainly are preparing with the passage of many laws and the market as we have seen
[millionday] this is not a bad time to be following the news to say the least
[coolspot] I believe when the GOI is complete, and all Ministers in their respective positions.
[millionday] Baghdad: new oil minister, Abdul-Karim and coffee, on Tuesday, Ttminach for foreign companies operating in the fields of the southern provinces stability of the security situation in the areas of oil, A coffee for "tomorrow Press" that "the Oil Ministry in cooperation with the security and intelligence, has taken many measures to strengthen the insurance at all locations of oil and ensure progress of work,"
adding that "he does not risk the work of the international oil companies in the South." He added that "the company British Petroleum has also equipped aircraft to monitor sites and protect the cooperation and approval by the Iraqi government," noting that "aircraft fitted with cameras date and accurate, and a range of up to more than 75 kilometers for a period of ten hours, and is trained cadres from the company to use it soon."
[scuffy] They are treading a fine line between enticing investors and then losing investors. Major investors will surely want quicker returns then what they are getting now.
[millionday] note -- they are saying or should i say the new oil minister is saying that the oil fields in the south are safe and are also being monitored for work -- bp is there
[millionday] And reduced the coffee stop of the results of the Baiji refinery to provide the local need of oil derivatives, adding that "Iraq has a plan to provide fuel for the citizens and the citizen will not notice any shortage of these materials."
He said coffee that "rates of production and exports remained as it is, and there looked to increase exports during this month," noting that "there are significant increases in the production of oil fields in the coming months."
[millionday] The Iraqi government announced, in the sixth month of July present, to take all necessary measures to facilitate the work of the companies and the protection of workers and businessmen and what they are doing from the economic activities in the country. And payment of the security situation in Iraq after the control of armed groups on a number of Iraqi cities to the Declaration of the withdrawal of some foreign oil companies operating in Iraq or reducing technical cadres, fearing that they become a prime target for militants.
[millionday] so as we see here they are putting huge amounts of security out for new businessmen and this month the oil will expand for exports -- and will continue to rise in the next few months -- this is great -- they are starting to move forward in trade with the global market -- oil is part of the global market with pricing
millionday] very cool news brb with more
[millionday] Peshmarga Kurdish forces revealed on Thursday, that it was able to clear the last areas controlled by the Islamic State of Iraq and Syria “ISIS” organization in Jalawla sub-district affiliate to Khanaqin district in Diyala province, indicating that it has launched an attack from several directions during the past few hours and forced the militants to flee from the region
[millionday] A source from Peshmarga forces said in an interview with "Shafaq News", that “ his forces clashed with militants of ISIS organization who controlled al-Tajneed neighborhood as the last stronghold of them in the sub-district , indicating that it was able to inflict losses in their ranks led to their flee and Peshmarga control on full sub-district after more than a month and a half of fighting.
He added that one element of Peshmarga was killed and seven others were injured during this operation, without providing information on the number of dead and wounded among "ISIS."
[millionday] ISIS militants have taken control of a number of areas of Diyala province, including Jalawla and Saadia sub-districts affiliated to Khanaqin disputed area between Erbil and Baghdad after the events of Mosul, in the ninth of last June, which resulted in the control of "ISIS" on large areas in Nineveh , Salahuddin, Kirkuk and Diyala .
While Peshmarga troops moved towards the Kurdish disputed areas and seized control of it in order to protect its population from attacks by ISIS militants according to Kurdish security and political leaders.
[millionday] so this is one area that has no isis in it causing issues --- so maliki is having meetings to see what to do with security
[millionday] lol i think he should maybe ask barzani smile
[millionday] this is from last week and has been announced to be done -- we announced this on wed
[millionday] Revealed the Association of Iraqi banks, on Tuesday, for the reformulation of the rules of procedure of the Association to suit the need of banks operating in the country, and noted that the goal is to "develop", the banking sector, while confirming they are working to be the "real guns", for banks, drew that private banks have helped in "the reconstruction of the country."
A member of the Association of Abdul-Aziz Hassoun, said in an interview to the (long-Presse), "The association found that it is essential that there be new rules of procedure in line with the developments in the banking sector in Iraq, especially after the decision issued by the government agencies concerned with the sector
," noting "The Association has decided to redraft its rules of procedure in line with the need of Iraqi banks operating in the country."
[millionday] i am bringing this to help you understand what they have completed now that they are launching the banking reform
[millionday] He said Hassoun that "new rules of procedure found him determinants of which take into account the rights of the banking sector and work in a unified and strong partnership for the development of the banking sector and build a base Iraqi bank to meet the requirements of economic and financial development in Iraq,"
noting that "the Association strives to be the true defender of the banks operating in Iraq and coordinated well between them and the monetary and fiscal authorities in the country to solve all the problems.
" He Hassoun that "private banks operating in Iraq have a special role and a leading role in the development of the country's economy through their participation in the reconstruction of the country through loans to large enterprises, medium and small, as well as reducing unemployment and moving the wheel of investment and infrastructure projects,
control and maintain the Iraqi dinar against the currencies other. " It consists of the banking system in Iraq from 43 banks, as well as the central bank, and are distributed according to government ownership between seven and 30 waged, including seven Islamic, as well as six foreign banks.
[mrref1216] Md how long do you this reform may take?
[millionday] they announced they are ready now so i would have to guess and i dont want to do that to ya --
[mrref1216] No problem thanks
[millionday] >>>>> control and maintain the Iraqi dinar against the currencies other. " It consists of the banking system in Iraq from 43 banks, as well as the central
[mrref1216] What we think may take a week may take them a year lol
[coolspot] mrref1216 Not really fair to judge this new Government by the past Government.
[millionday] they have stated they are ready to move forward with the banking reform and have formed the administrative system of banking and also have stated they are launching the banking reform with the policies which include the monetary policy to the citizens
[millionday] mrref1216 lol
[mrref1216] Coolspot we shall see lol
[millionday] expressed commander of U.S. Central Command Lloyd Austin Friday concern about the security situation in Iraq and called for the rapid establishment of an inclusive government in Iraq. altSaid Austin in a statement issued after his meeting with senior Iraqi leaders,
"I am very concerned about the current security situation in Iraq," noting that "Iraq is an important country faces some enormous challenges very exacerbated by the rush of organizing Daash into Iraq and the announcement of a state of succession."
[millionday] He added: "I met with senior Iraqi leaders from across the political spectrum and included Shiites, Sunnis and Kurds," explaining, "Our talks focused on the importance of speeding up the formation of a government that is inclusive and representative of all Iraqis."
Austin stressed that "in the absence of the political movement means that any support you may consider introducing the U.S. government will have limited results in the short term only."
He continued, "We also discussed the need for Iraq to stop the advance Daash and eventually regain control of its borders and air space of sovereign for the purpose of limiting the freedom of movement to organize Daash."
[millionday] >>>>>> He explained that "in the end, that any kind of progress will depend on the Iraqis to take the right decisions and to achieve the reforms needed to ensure a decent living within ethnic groups and religious different in the country," adding, "still there is hard work to be done but I am optimistic that the Iraqis will take the necessary steps in the coming days. "
[millionday] very nice --- he met with everyone and is saying the necessary steps may be done in coming days -- being optimistic after his meeting is great -- they are working together and the kurds have said they will accept whomever they choose for pm
[millionday] so the huge worry of the kurds hoding round due to the choice made of the pm is not a worry at all
[millionday] so the rest of the news is the security and also the meetings going on to choose and plan to meet --
[faith1] millionday is M part of or organizing IsIS , allowing killings or is that rumor
[millionday] faith1 it was a report but you cant believe all you read -- he would be before international courts for humanitarian issues
[millionday] even if he has charges he is facing -- that would not be allowed
[faith1] millionday k thanks ,, just thinking if they want better security,, M has to go , not be part of those decisions..
viacuda] Ok. What event really finalized M's position as PM? sorry, finalizes.
[tbob] when they vote for the new PM within the 15 days so the event would be a vote
[millionday] his own party is not for him being in position and iran has demanded he steps down due to lack of ability -- he has been given a week by the us to step down and many dont wait him in the position out side the country and with what is going in the country with his in capabilities -- it appears that he is just not the man for the job
[viacuda] tbob so is he a CT PM?
[tbob] what is CT?
[viacuda] care taker
[millionday] yes since april
[millionday] care taker until the position is filled and now he is running around as if he has a job -- a little too late imo but dont have that in ink -- oh wait -- it is in every paper i believe lol
[Karla] When is his week up?
[millionday] it is past -- they are working around the clock and say they have who they want to present and the best part is that this parliament is actually working
[ernier] the US gave him a week to step down and he ignored them - now o is just spitting nails not having a clue what to do - oh wait he will do what he does best - nothing at all
[viacuda] ernier But they gave him a week to step down, a week ago.
[Stash] ernier no he will play golf
[tbob] ernier constitutionally -- within 14 days
[millionday] yes they have ten or so days -- but are working hard to get it done
[millionday] they are really being impressive
[millionday] i have to say i am so happy with the economic laws in place
[millionday] ok so lets meet back here tonight and see what we can find as far as progress goes
[millionday] remember the expansion for trade at the ports and also the working on the pm and the oil security from the new oil minister
[millionday] they actually have the administration in place and are ready for the banking reform activation and monetary reform
[millionday] what did you think about the call to use usd to keep the dinar off the streets before they put the hustle in their bustle ? loved it
[letsroll] millionday if the oil tanker of kurdish oil offloads in Texas will that money from the sale go into a fund to ensure bagdad and the kurds get the percentage they agreed on seems it all used to go thru bagdad and they would hijack the funds till they wanted ... your thoughts ....Cheers