(Recaps Note: One of our posters was out today so we apologize for the late posting of Millionday)
Millionday News 8/4/14 Part 1
Welcome to dinarupdates.com for news time with Millionday!
millionday] OK FIRST I WOULD LIKE TO SUMMARAIZE WHERE WE ARE AND THEN ADD TO IT WITH THE NEW NEWS
[millionday] OK SO HERE WE GO -- LET ME GET TO SOME THINGS THAT HAVE BEEN GOING ON
[millionday] NICE TO SEE YOU ALL -- I WILL TAKE THE FLOOR NOW FOR A MINUTE OR TWO AND WE WILL GET TO NEWS --- SO THIS IS WHERE WE ARE :::
[millionday] THE PRESIDENT IS IN PLACE -- THE DEVELOPMENT BANK IS IN PLACE –
THE AMNESTY WAS PUT INTO PLACE BEFORE THE FEAST AND ALSO THE FORMAL ANNOUNCEMENT OF WHO THE LARGEST BLOCK WAS DONE A DAY EARLY (TODAY) AND IT IS THE NATIONAL ALLIANCE ALSO
[millionday] THE CUSTOMS ARE BUILDING SHELVING FOR MORE IMPORTS EXPORT ROOM AT THE PORTS AND
millionday] THEY HAVE CALLED FOR GOV ENTITIES TO WORK WITH DEPARTMENT OF COMMERCE SO THAT IMPORTS DO NOT TAKE OVER THE PRODUCTION OF PRODUCTS THAT IRAQIS DO THEMSELVES -- ALSO
[millionday] TOMORROW THEY HAVE ANNOUNCED EARLIER THAT THEY ARE GOING TO VOTE ON THE HCL AND ALSO THE BUDGET AS IT IS AND THEN SEND IT TO PARLIAMENT
AND THE COMMITTEE TO GO THROUGH IT AND JUST DO AMENDMENTS SO THAT IT ADDRESSES THE CHANGES THAT OCCURED BY THE TIMELINE WE HAVE WAITED -- ALSO
millionday] THE CONSTITUTION HAS GIVEN THEM UNTIL ONE WEEK FROM TOMORROW TO HAVE THE NEW GOV FORMED -- WHICH THE NATIONAL ALLIANCE HAS STATED THEY WILL HAVE DONE
[millionday] MALIKI HAS SAID HE WILL STEP DOWN WITH 3 THINGS MET THAT HE HAS GIVEN -- AND OF COURSE THAT IS RIDICULAS -- ALSO
[millionday] THEY HAD A MEETING TODAY WITH THE US ABOUT THE ADVANCEMENT WITH THE STRATEGIC FRAMEWORK AGREEMENT AND ALSO THE SECURITY THAT HAS BEEN APPLIED TO THE BORDERS -- --
THE US ARMY IS AT THE BORDERS OF THE IRAQI BORDERS TO SECURE THEM -- WE HAD THAT ANNOUNCEMENT TODAY
millionday] ALSO THE DEVELOPMENT BANK IS DONE FOR AN ANSWER PLACE FOR THE BANKING REFORM AND THEY HAVE ALSO FORMED THE ADMINISTRATIVE ASSOCIATION OF BANKS TO ENSURE THAT THE MONETARY REFORM AND ECONOMIC DEVELOPMENT GOES AS IT SHOULD AND THERE ARE NO MONEY LAUNDERING ISSUES AS WELL AS FRAUD ATTEMPTS
[millionday] THEY HAVE LAUNCHED THE INDUSTRY SECTOR FOR THE NATION AND ALSO HAVE ENSURED THAT AFTER THE FEAST IRAQ WILL HAVE 24 HOURS OF ELECTRICITY IN ORDER TO DO THEIR WORK
[millionday] THEY HAVE ALSO DECLARED THAT THE PRIVATE BANKS AND ALL THAT HAVE TO BE ARE INTERNATIONALLY COMPLIANT
[millionday] OK SO THAT IS A MOUTH FULL TO SAY THE LEAST
[mdaugharthy] With the Kurds stating that the don't want to fight alone. Do you feel that the US government is putting added pressure on Iraq to speed up the revalue process before we send any troops over there.
[millionday] THERE ARE ALREADY TROOPS THERE
[millionday] THEY ARE AT THE BORDERS SECURING THEM RIGHT NOW AND ALSO WE HAVE SENT DRONES AND WEAPONS AND TRAINING
[millionday] THEY HAVE THE STRATEGIC AGREEMENT THAT ENSURES THAT THE US HAS TO DO AS AGREED
[millionday] YW ALL THE TIME HUN
[blossom] Do you know what time they will meet Tues?
[millionday] I BELIEVE IT IS 8 AM THEIR TIME BUT COULD BE WRONG TRYING TO FIGURE IT OUT WITH TIME ZONES BUT IT IS EARLY
[wilson6060] Do they need a realty rate to pass the budget tomorrow
[millionday] NO THEY DO NOT -- DATA ENTRY WILL MAKE ANY CHANGES IF CHANGES NEED TO BE MADE BY THE CHANGED VALUE IN COUNTRY AND WITH ALL CONTRACTS AS WELL -- THE ENTIRE SYSTEM IS SET UP FOR THAT
[carpet] they aren't exactly passing the budget tomorrow are they
[millionday] THEY HAVE STATED THAT THEY ARE -- WE WILL OF COURSE HAVE TO WAIT FOR ACTION BUT THAT IS WHAT THEY HAVE DECLARED
[kenster] Was not the budget calculated at 1.16 ?
millionday] NO THERE WAS REPORT OUT AT ONE TIME THAT WAS REFLECTING THE INFLATION ADJUSTMENT FOR IN COUNTRY –
THEY USE DINAR AND HAVE CBI REGULATIONS SET TAT STATE THEIR NATIONAL CURRENCY AS BEING THE DINAR --
[millionday] THE USD WILL NOT BE WORTH MORE OR BUY MORE IN COUNTRY DUE TO THE HUMAN LOGIC TO USE WHAT BUYS YOU MORE
millionday] THE BUDGET IS WRITTEN IN A WAY OF USING % AND ALSO USD SO THAT IT IS IMPOSSIBLE TO USE THEIR BUDGET TO BE SUCCESSFUL IN INSIDER TRADING OR CAT OUT OF BAG AS I PUT IT –
I DONT SEE A WAY TO CALCULATE THE RATE IN THEIR BUDGET IN THE COUNTRY
[millionday] OK SO LETS MOVE TO NEWS BRB WITH THE FIRST REPORT
[millionday] AND THIS IS JUST THE BEGINNING SMILE
[millionday] Sabah stressed by a number of experts on the importance of expanding economic ties to include the largest number of countries in the developed world, that parallels the agreements joint cooperation in all areas of the country needed it.
economic expert Jassem Al-Aradi pointed out the importance that the economic relations of local heading to All around the globe where you find the disciplines of commercial and industrial and urban distributed between different parts of the world, especially as the country needs all the specialized companies, which have an international reputation in the implementation of quality projects.
[millionday] NOTE -- THEY ARE SAYING HERE THAT THEY NEED TO BE INFORMED BY ALL REGULATIONS
[millionday] THAT ARE FOR COUNTRIES THAT THEY WILL BE DOING BUSINESS WITH IN THE DEVELOPED COUNTRIES
[millionday] AS IN THE FREE MARKET ECONOMY
[millionday] drew in an interview »Sabah« The economic relations of local during the past two decades have focused on countries defined and characterized the nature of trade and import, in particular, with the exception of the oil industry, despite the need to expand towards economic blocs major worldwide that wish to co-exist and contribute to the development of the Iraqi economy through investments in various fields.
stressed the need to be working internally to provide a conducive atmosphere to attract global companies , pointing to the importance that this matter of important public and private sectors by standing on the determinants of the promotion of investment environment that helps attract capital and international companies to the country.
[millionday] NOTE -- THEY ARE DISCUSSING ALL THAT THEY CAN POSSIBLY COME UP WITH THAT WILL ATTRACT ALL INTERNATIONAL COMPANIES TO IRAQ TO MAKE A HUGE IMPACT ON THEIR ARRIVAL AND THE LAUNCH OF THE REFORMS
[millionday] stressed the importance of doing work Bmqsalh laws adopted by one of the international organizations in cooperation with the government, which aims to pruning laws that are interested in economic affairs, and address the problem of the intersection in the legislation, which confound the implementation of projects for a long time,
as well as confound the reality of economic advancement in the country for lack of preference for specialized international companies to engage in such a work environment.
[millionday] NOTE -- OBVIOUSLY THEY ARE GOING THROUGH CULTURE AND LAWS AND ALL THAT APPLIES TO THE COUNTRIES THAT ARE COMING TO INVEST OR PLACE THEIR FRANCHISES IN IRAQ ---
THEY ARE TRYING TO MAKE THE ENTRY OF INTERNATIONAL COMPANIES AND CORPORATIONS AS EASY AS THEY CAN FOR ALL INVOLVED --
[millionday] As Chairman of the National Investment d. Sami al-Araji, has stressed the importance of open significant economic ties with all economically developed countries in various fields.
Araji said that the Iraqi side offers calls to international and regional companies to enter the Iraqi market, the most promising and creating investment partnerships with the private and public sectors of the Iraqi check the economic feasibility of the two sides.
[millionday] NOTE -- THE INVITATION WOULD NOT GO OUT IF THEY WERE NOT IN A POSITION TO START WITH THE PHASE WE HAVE BEEN TOLD WE ARE IN -- FREE MARKET ECONOMY
millionday] between the Partnerships help to attract investors and capital to the field of local employment and contributing to projects of investment strategy in different sectors serve the ends of the investment process,
noting that the period witnessed the presence of economic delegations from most countries of the world with the aim of strengthening economic relations and access to investment opportunities.
[millionday] SO AS WE SEE HERE -- THERE HAVE BEEN MULTIPLE DELGATIONS THERE TO SET UP INTERNATIONAL INVESTMENT AND CORPORATE ENTITIES FROM MANY COUNTRIES
[millionday] SMILE ANY ?? OR SHOULD I SAY -- WHOOOPOW
[millionday] NOTE -- THE IS THE OLDEST MEMBER OF PARLIAMENT`S FIRST MEETING
[jeff3] So glad the people of Iraq will soon begin to get some relief in their lives.
[millionday] HERE WE GO --- I AGREE HUN
[millionday] Tamimi Tgb elected a new administrative board of the Association of private banks in Iraq, as its chairman and Naúbaleris and Financial Secretary and was selected unanimously to be the Bank of Assyria president and Union Bank of Iraq Deputy and Investment Bank of honest financially.
came during a meeting The first body, which was attended by the oldest member of parliament d.
Mehdi al-Hafez, who initiated the meeting speech in which he stressed that Iraq is looking forward to the banking system developed to contribute to nation-building, stressing the need to adopt a strategy of clear-cut in the banking reform.
[millionday] NOTE -- THEY ARE PUTTING ALL OF THE PEOPLE IN PLACE TO INSURE SUCCESS
[millionday] NOTE -- WE ARE IN THE NEW PHASE
[millionday] said: that the new phase in light of the success of elections and the election of a speaker and another for the government but require incorporation to build a state of institutions based on the spirit of the Constitution and included payment of the private sector because the play its required and especially the banking sector to its importance in supporting sustainable development programs, calling the executive bodies concerned of the need to support trends banks aimed.
[millionday] NOTE -- WITH THE BANKING REFORM -- THE NEW GOV AND THE ELECTED OFFICAILS IS ALL GREAT BUT THEY ARE SAYING WHAT BRINGS MONEY IS THE INTERNATIONAL CORPORATIONS INVESTING IN THE COUNTRY -- AND EXPANDING INTO IRAQ
[millionday] He recalled the calls made by institutions global monetary and of the IMF and World Bank need to give the private banking sector a boost to the leadership of the economic file towards the transition to a market economy which is guaranteed by the Constitution.
was chairman of the Bank of the UNESCO has blessed this review chaired the first meeting of the Association promised gesture of good and reflects the keenness of the administrative board of the Association of the coordinate positions towards strengthening the role of the banking sector.
[millionday] NOTE -- THEY ARE SAYING THAT IT HAS BEEN MADE CLEAR BY THE WORLD BANK -- IMF –
AND ALL MONETARY INSTITUTIONS THAT THE PRIVATE BANKS HAVE TO BE SUPPORTED AND THAT IS EXACTLY WHAT THEY ARE DOING IN THE MEETINGS
BY MOVING AND THE TRANSITION TO A FREE MARKET ECONOMY -- THEY ARE TELLING US THAT IS WHAT THEY ARE DOING NOW
[millionday] revealed Wadih Handal after chaired the meeting later that a program promising and ambitious undertaken by the Association on the road to access the reputation of the banks to the level of global and build bridges of trust and cooperation with parliamentary committees and the executive for the success of its program, pointing to the willingness of banks to