Millionday News 4/14/14 Part 1
Welcome to Monday Night News Time With Millionday!
nctallguy50 : Can't see the moon here in NC, it's cloudy and rainy, But on a positive note, I have a Jordanian friend who came to visit me yesterday.
He told me once again that that the IQD was going to go "up up up" and that family and friends in Jordan held IQD. Jordon has the 2nd highest valued currency in the world yet they hold IQD, they know whats going to happen.
[millionday] the news tonight is going to be from so many sources -- so we can see what clues we find -- so hard work for us and huge for you
[millionday] i have found some very interesting things and we are looking for update on where we are with meeting in Kurdistan so we are going to our best to follow up on so many things going on and get as informed as we can be -- ok lets get rolling
[millionday] note some are going to be out of place due to the fact i am bring them as i get them so here we go
[millionday] Jordan, Egypt and Iraq have discussed a joint railway project that would link the three countries. Jordanian Prime Minister Abdullah Ensour met with Egypt’s Transportation Minister Ibrahim Demeiri and Iraq’s Transportation Minister Salman Jassim in Amman on Saturday to discuss the project
[millionday] Petra news agency quoted Ensour as saying that the railway project “will increase the trade cooperation and consolidate the Arab countries’ economic interests.”
The report did not provide further information about the project. They also discussed the Arab Bridge Maritime, a joint venture of Jordan, Egypt and Iraq, which accumulated a profit of more than $250 million.
[millionday] now we have seen in recent reports that transportation is getting many projects rolling for trade -- so this is another for the great New Iraq - brb with more
[millionday] MCI Group is proud to announce the annual MENA Pharmaceutical Cold Chain Conference, which will be held in Dubai on 3rd and 4th June 2014.
The conference is supported by international and regional partners including Cool Chain Association and Supply Chain & Logistics Group According to the Cold Chain Biopharma Logistics Sourcebook 2011, world sales of temperature-sensitive drugs and of biologics products will near $250 billion by 2015.
Due to this strong sales growth, the cold chain logistic services market will hit $10.7 billion by 2017, from its current figures of US$ 6.7 billion, according to the Global Healthcare Cold Chain Logistics Market Report & Forecast.
[millionday] note -- we are seeing another logistic conference -- this is the movement of trade --
[millionday] in business it is how you plan to get your products from a to b -- the entire plan --
[ROBINREDHED] logistics rules the money
[millionday] very much and affects your overhead very much
[jtank] good company to invest in
[millionday] so all of this is also on the market (isx)
[millionday] Temperature sensitive pharmaceutical products are the future of the healthcare industry with the Middle East and North Africa region witnessing a boom.
Nearly 80% of pharmaceuticals are imported from foreign countries and managing the cold chain distribution network becomes a complex process and needs an efficient packaging, storage and transportation system.
Pharmaceutical companies are facing stiff challenges in handling temperature controlled drugs and require advanced technologies to protect products in hot climatic zones.
[millionday] note -- these are some of the issues that are challenges that come up in logistics
[hub] fuel , trucks, boats, planes, packaging and people are very expensive
[millionday] This two day event will bring together professionals from pharmaceutical, government agencies and regulators, logistics, distribution houses, airlines, storage and warehousing, packaging and other solution providing companies to discuss various strategies, innovations and solutions for the cold chain industry.
[ROBINREDHED] hub agreed
[millionday] note -- these companies and the stocks are part of the isx and they have or will have shareholders and will grow as they do in all countries -- huge money involved - great point
[millionday] The conference sponsored by Softbox and Thermo King, will feature industry experts from companies like GlaxoSmithKline, Julphar, Novartis, Pfizer Gulf, Ferring Pharmaceutical, International SOS, Dnata and more on latest technologies used to protect the products and offer safety to end users.
The conference will help attendees to understand the framework set up by each stakeholder to ensure integrity of the products and how to maximize efficiency and profitability.
[hub] watching MD bring the goods is the answer to the iraq dinar rv.....which of these countries that MD speaks of have a worthless currency,,,,can they operate with out a valued money,,,maybe, but do they,,,never.....
[millionday] obviously the very first and most important thing in business is the benefit to shareholders -- always the first in your mind --- so as we see -- many very successful companies are coming to take part in revenues to be gained -- they would not be there at the expense this will be if revenues are not part of what is coming due to this conference -- ok brb with more
[millionday] now we are looking at some contracts that are huge as well - which imo would not be happening if international recognition for the dinar was not going to happen or how would they gain
[millionday] no one anywhere is in business to lose - here is a report we looked at today
[millionday] A group Alstom French Engineering Services, Monday, it won a contract worth 225 million euros (312 million dollars) to provide power generation equipment for gas-fired power station being built in Iraq's Anbar province.
The company said in a statement on Monday it will provide generators and turbines for the plant with a capacity of 1642 MW is scheduled to come into operation in 2016.
Founded Alstom according to Wikipedia in 1928 Alstom, a parent company, a multinational. Most of the companies owned by Olney operates in the sectors of transport and energy generation.
The volume of sales of the year 2010/2011 m to 20.9 € billion euros. It has won in March 2014 a contract worth 400 million euros in Iraq, and is headquartered in Uvalua - Berry, France.
[hub] ROBINREDHED look at everything brought by MD,,,,,all of these countries and companies are doing all they can to bring in and increase revenue and iraq has more to add to the world consumption and is going to increase their revenues too.......
[ROBINREDHED] hub i know, now lets see what else there is
[millionday] now obviously the thing is this -- they need the contracts for energy of course but the contract is in euro -- so they will use their budgeted funds in dinar and exchange to euro for payment -- or they wont have anything but another country`s currency that can not be spent in their country or be a revenue for their internationally based company
[hub] millionday thats the key..............goody goody,,,,,,,,
[tbob] how does that work without being international?? convert from euro to dinar?
[millionday] they will have to have an internationally recognized currency in order to pay on the contract -- how the terms as far as timeframe is set up we dont know but -- they have to exchange to euro
[jimplants] is there a start time for the french contract -- a double answer ty
[millionday] they have one that is from 2014 and this is to be complete 2016 as in the one we just looked at
[DBJJ] What's stopping them from converting their dinars to dollars (since they're using our currency anyway), then to euros?
[millionday] they have made it clear that they are using by cbi regulation the national currency --dinar for their country now
[millionday] so they will be not gaining in the value of the usd but will be gaining profits in value for the dinar
[jtank] With all contracts and infrastructure and housing they need to get a reality rate--
[millionday] we saw steps they are taking to raise the value of the dinar and set the international rates and they began a couple months ago it started with the announcement from cbi and also the compliance agreement with the private banks -- the regulations are part of that
[millionday] this regulation started soon after the steps began
[hub] millionday it goes back to the old how much is a can of coke,,,,$1.50 here, $1.75 in Canada,,and a coke for 1800 dinar....
[millionday] right and it is not a reality price -- the price of products will result in market and also the reality value of the dinar will be part of that as well
[millionday] smile brb with more
[ROBINREDHED] ok, lets rock this
[DBJJ] millionday another great article today about McDonalds and how a burger cost 5000 dinar and not on par with the rest of the world's McDonalds
[hub] iraq could continue to use the dinar at the present value, but when F16 are sold for $40,000,000 and converted to 1,000,000,000,000,000,000,000,000 dinar, the computer systems around the world would not be able to read this amount..imagine them buy 35 of em.....
[millionday] here we go -- Mohamed said the decision of the Iraqi parliament MP Mohammed al-Khalidi said agreement of the political blocs to address outstanding differences in the general budget bill that would allow the holding of a special session to vote on the approval of budget before the elections.
He said al-Khalidi, in a statement for "future" yesterday (Sunday) that the differences in the budget bill is still in place so far, but Abuadr agreement between the blocks to solve.
pointed out that the House could hold a vote to approve the budget before the date of the parliamentary elections in the event of an agreement between the blocks and resolve differences between the Kurdistan Alliance, led by Prime Aqlma Kurdistan, Massoud Barzani, and the State of Law coalition led by Prime Minister Nuri al-Maliki.
[millionday] note -- they had a meeting in kurdistan today
[millionday] He said al-Khalidi that the Presidency of Parliament will announce hold a parliamentary session to vote on approving the budget as soon as the agreement of the Quartet between the Governments of the center and the region around the outstanding differences in the budget,
but this is not expected during the current period preceding the date of the elections.
[millionday] note -- so they are meeting and the results can bring an immediate meeting to vote through the budget if resolve takes place - now that would make sense by what we are seeing go on
[millionday] was the Iraqi Council of Representatives decided to form a special committee to resolve the dispute ongoing between the political blocs on the budget law parliamentary included Chairman of the Finance Committee Haider Abadi, the head of the Oil and Energy Committee, Adnan al-Janabi, the head of the Kurdistan Alliance bloc Fuad Masum,
but did not reach an agreement, while agreed to the central government and the provincial government to form a committee Quad resolve outstanding differences, but did not reach any agreement too.
[slh5282] With the activity of today and the movement on the budget, do we think this is getting close to having a reality rate, like in 5-7 days?
[millionday] i dont know the days but it certainly looks as if they are pushing very much to do this in a hurry - i know many predictions are within days
[Pablo] Poppy has been saying tomorrow.
[millionday] i dont have a date in ink to show you but am certainly looking !! smile
[hub] millionday if the bonds were supposedly sold at a price, wouldnt the iraqis be in a hurry to be able to cash in on the sale
[millionday] oh yes and all that have invested -- they have to hold a future value or who wants them
hub] or have they already been given a set price....
[millionday] the cds were moved today for Iraq to control funds that have been controlled for years - or i should say frozen so much going on - brb with more
[millionday] Genesis Institute, a leading provider of financial training solutions, will host a free Finance Career Workshop in Doha on April 16, from 7-9pm at the Hilton Doha. As the UAE's leading financial training institute, Genesis' experts will share information on different courses that will have an empowering impact on participants' future within the finance industry.
[millionday] note -- so they are holding classes for citizens to be able to learn how to take advantage of new finance advantages and how to make their money work for them
[millionday] The 2 hour course will cover CFA Level I Revision in Doha, an essential intensive crash course that covers all 10 topics under the CFA certification.
Focusing on key concepts and problem solving, CFA Level I Revision takes participants through more than 400 questions, solved under time constraint, to provide a more in-depth understanding of the subject before taking a final test.
Also covered in the free workshop will be Genesis Institute's Executive Short Term courses. Each course covers components that are vital to achieving success in the financial industry,
with empowering educational experiences that allow participants to reach beyond the existing skillset to develop their capabilities in exciting, career-boosting ways.
[Pablo] We need more of that over here.
[millionday] i agree
[millionday] note -- so this is to add to the international advantage to making money work for you and to keep up with international investors -- to update from where they were
Comments may be made at the end of Part 2 Thank You