Millionday Monday Night News 8-24-15 Part 2 of 2
Millionday: NOTE -- THE PRIVATE SECTOR DEPENDS ON THE REFORMS BEING BALANCED AND RELIANT FOR THEM TO LAUNCH AND PUSH THE ECONOMIC REALITY TO THE LIGHT
Millionday: But such a procedure requires the requirement based on the gradient to take appropriate measures to enable those institutions steps of the sustainability of the reform, ‘being seen as the partnership as an ongoing relationship with no fixed time limit or may be for long periods of time.
That any future government policies should be in accordance with the structure integrated within the timetable thoughtful carefully to avoid resources that adhere to rapidly waste and extravagance to achieve political outbidding be of long-term impact,
and must be the maker of the economic decision to avoid yielding to political haggling and independence of its decision in order to achieve optimal feasibility of the allocation of economic resources.
Millionday: NOTE -- THEY ARE GOING TO BID OUT SOME OF THE GOVERNMENT PROJECTS TO THE PRIVATE SECTOR TO HELP BUILD THE IMPACT OF THE REFORM
Millionday: It can not be a balance between the desire for a public street and to demand the government to provide government support almost completely to the community and the urgent need to adapt the support and increase its effectiveness through directed properly towards the target groups exclusively they can be adequately circulate utility to new segments of the society.
Adjust spending There is also a Aware of the fact that the only way to reduce the budget in Iraq deficit is to expand and diversify its public revenue sources of non-oil conjunction with adjusting public spending,
and to diversify sources of revenue requires a specific mechanism to find alternatives in line with the reality in Iraq, which suffers a number of imbalances limit the government's ability to find sources other than rents put oil to finance its activities.
Millionday: NOTE -- THEY MUST FOCUS ON THE PLAN AND ITS PROCESS INSTEAD OF MAKING CHANGES THAT WILL SHOW IMMEDIATE PROOF OF SUCCESS BUT LONG TERM PROBLEMS --
Millionday: We find, for example, the dominance of indirect taxes on the tax structure in Iraq, which indicates to bear all segments of society and without exception the tax burden represented by the high prices of various commodities,’
something that we have seen in the Iraqi street during the last few days of a sharp rise in prices of some commodities food and even experience a tax on prepaid mobile phone cards that have been moved burden to citizens without affecting profit phone companies mobile.
that the state should use its financial instruments, Bugeaha of spending and taxes simultaneously and consistently, due to their role in achieving some of the goal
Millionday: Economic and contribute in one way or another in the process of economic reform through the reform of the investment program at the expense of operating expenses and this requires an effective and capable private sector to employ existing with financial institutions unemployment
able to encourage this sector at reasonable cost and to develop an acceptable mechanism to diversify its public revenue sources of non-oil are socially acceptable and to avoid the transfer of burden to individuals and the community to avoid congestion.
Millionday: SO THE IDEA IS TO IMPACT ALL OF IRAQ AND MAKE SURE TO ALLOW PROJECTS TO GAIN IN TWO FOLD --- JOBS AND PRIVATE SECTOR GROWTH
Nadita: they have been talking about this for a while.. I want to know when are they going to implement this..? the plan sounds good and they are actually on the right path now
Millionday: THE FIRST REPORT SAYS THEY ARE IN THE PROCESS ------NOW
Millionday: JUST ONE FROM ISX -- I WILL BRING MORE -- READ THE LAST LINE
Millionday: Investment Bank of Iraq (BIBI) will hold its AGM* on Sep. 5, 2015
Investment Bank of Iraq (BIBI) will hold its AGM* on Sep. 5, 2015 to discuss and approve 2014 annual financial results, electing new board members and distributing cash dividend.
Investment Law Download
Iraqi Banks Law Download
Iraqi Companies Law Download
Iraq Securities Market Law Download
Disclosure Rules for Stock Holdings on the ISX Download
Selling Order Download
Buying Order Download
ISX Trading Instructions for Non-Iraqi Investors Download
Millionday: the joy of pumice in line with the economic reforms announced by the government recently, the Commission on oil and energy parliamentary called to speed up the approval of the oil law,
which confirmed it was investigating growth in the country's imports through the optimal investment for this wealth to be adopted by the country.
Millionday: NOTE -- OBVIOUSLY THE RICHES ENJOYED IN OIL BY IRAQ WILL HAVE A ROLE IN ITS PLANNING--REFORMS--FUNDS--EXPECTATIONS-SUCCESS ETC –
DIVERSITY IS BEING SOUGHT DUE TO THE LOW PRICES AND OTHER UNEXPECTED COSTS RECENTLY
Millionday: A member of the Committee, Dr. Ibrahim Bahr al-Ulum in a statement »Sabah»: «At the beginning of the legislative term government asked the parliamentary committees activate the stalled bills, especially the oil and gas law, which invited the Commission to reconsider the draft oil and gas law,
but the government requested that the draft law to the cabinet. » He continued: «the law is still in the corridors of government and the advisers»,
indicating that «We were informed of the formation of a committee to review the draft law, but he did not send so far to the House of Representatives to discuss».
Millionday: NOTE - WORK IS BEING DONE TO MOVE THE HCL IN A HURRY DUE TO THE IMPACTS I JUST DISCUSSED ETC
Millionday: In the opinion Bahr al-Ulum said the draft law last form has become useless and need to thinking seriously and realistically about the new draft.
The oil and gas law «important» because it solves a lot of dilemmas that exist between Baghdad and Erbil and between the oil-producing provinces, and therefore, the law draws the oil policy of the country.
Millionday: It was suggested that a committee member dismantle the current draft law and re-drafted and implemented in two phases according to the needs of the country,
the first states the formation of «Federal Council for Oil and Gas» managed by the Prime Minister and some Government members regulars with the participation of representatives of the producing provinces, and the elements of an independent specialist in this field, to draw the Council's energy policy in general in the country.
Millionday: NOTE -- THEY ARE ASKING TO DIVIDE THE PORTIONS OF THE HCL SO THEY CAN MOVE FORWARD WITH SPECIALISTS AND ENERGY POLICIES
Millionday: NOTE -- THIS IS A GOOD LOGICAL IDEA IMO
Millionday: The second phase focuses on passing a law «National Oil Company», especially that he read the first reading at the last session, and now needs to approve,
saying that it was commensurate with the aspirations of the founding of this company to be the parent company for all extractive companies in the country, and are joined by the Oil Marketing Company Crude,
stressing the possibility of dealing with these phases separately, especially since the current version does not fit with the current stage witnessed by the oil arena in the world and Iraq, especially the requirements.
Millionday: NOTE -- SO AFTER THE INVESTMENT PORTION -- STEP TWO IS TO MAKE THE NECESSARY POLICY CHANGES FOR THE LONG STANDING NATIONAL OIL COMPANY --
Millionday: In terms of reforms, especially the reform of the oil file, see Bahr al-Ulum that should there be administrative reform in the oil sector is to become the Ministry of Oil hand involved in policy-making and monitoring and proceeds and issued the instructions, either the executive arm of the Ministry of Oil must be the national oil company,
As in place this in the world, thus there is a separation between the executive work entrusted to the national oil company, and between the work of the Ministry of Oil in the oil policies, instructions and regulations drawing, noting that this is the administrative reform of the President.
Millionday: NOTE -- OBVIOUSLY THEY HAVE BEEN WORKING ON THIS FOR SOMETIME AND NOW ARE SEARCHING FOR A WAY OF REDEMPTION
Millionday: He added by saying: The «oil company must be independent and possess Personal moral, financial and administrative even be able to manage the oil's executive »,
believing that the Ministry of Oil management and policy formulation, monitoring and implementation is an« obstacle »to any progress in the oil sector.
Nadita: Are they going to redraft the HCl again and again..? I thought it's done
Millionday: THEY ARE GOING TO DIVIDE UP PORTIONS SO THAT THE NATIONAL OIL COMPANY POLICIES DO NOT HOLD UP THE REFORM PROCESS ACCORDING TO WHAT I HAVE READ
Pablo: What happened to all the reforms that were supposed to kick in today?
Millionday: THEY ANNOUNCED THEY ARE IN THE PROCESS
Millionday: SEPTEMBER 4-5-2015 .. FINANCE MINISTERS AND CENTRAL BANK GOVERNORS MEETING
The G20 Finance Ministers and Central Bank Governors’ Meeting will be held on 4-5 September, 2015 in Ankara
Millionday: NOTE -- THE THING IS THAT IS SO IMPORTANT IS THAT THE REFORMS ARE MOVING FORWARD -- MEANING THE ECONOMIC -- IN THE PROCESS NOW ---
SO LETS PAY ATTENTION AND FOLLOW THE NEWS THIS WEEK AS WE WATCH TO ENSURE THEY ARE MOVING AND POLICIES ARE COMING WITH THEM –
KNOW THE HCL IS BEING PUSHED IN A HURRY AND CBI HAS STATED THAT THE TIMING IS RIPE --- THIS IS A VERY EXCITING TIME
Millionday: SO -- DUE TO THIS ROUND TABLE IS BOTH WED AND FRIDAY AND NEWSTIME IS ALL NIGHTS --
Millionday: DONT MISS IT AS WE WATCH AS THEY IMPLIMENT THE ECONOMIC AND ALL REFORMS --- REMEMBER THIS INCLUDES ALL BANKING -- ISX -- AND ALL INDUSTRY AND THE PRIVATE SECTOR --
Millionday: CHINA IS WAITING TO IMPLEMENT THREE MAJOR CONTRACTS AND THE CONTRACTS OF OIL WILL BE DIVIDED FROM HCL FOR A RUSH IN THIS VERY IMPORTANT LAW
Pablo: Sorry, 'In Process?' what does that mean, exactly?
Millionday: IT MEANS ----THEY HAVE BEGUN -- IN INK
Millionday: THE ECONOMIC REFORMS HAVE BEGUN AS STATED THEY WOULD
Millionday: SEE EVERYONE TOMORROW NIGHT AND DURING DAY
Millionday: THIS WEEK IS AN IMPORTANT WEEK TO WATCH SO I WILL BE HERE
Millionday: I ALSO WILL BE POSTING TO THE MILLIONDAY SECTION -- SO LOOK FOR LAWS AND POLICIES