Millionday newstime june 24, 2015 Part 1 of 2
WELCOME TO DINARUPDATES.COM MILLIONDAY NEWSTIME FOR WEDNESDAY JUNE 24TH
Millionday: I WANT TO SAY SOMETHING FIRST
Millionday: THE IRAQIS ARE VERY EXCITED OVER THE INTERNET AS YOU CAN IMAGINE -- BUT -- THERE SEEMS TO BE A PROBLEM WHEN ITS TIME TO PURCHASE LOL
Millionday: Hashemi experiencing domestic market recovery new economic phenomena shopping in line with the evolution in ways to use the World Wide Web, where is the widespread use of the Internet for the owners of various shops activities an opportunity to make profits and gains business by promoting their wares through social networking sites.
It is these phenomena deliver the goods to the home service or what is known as (Dlfre) where Pat can citizen buy he needs from clothing or any other commodity after studying the prices of exhibits shops comic and published on their pages on social networking sites, ranging wages delivery service from 5 to 10 Thousands of dinars.
Millionday: NOTE -- AS YOU CAN IMAGINE -- THE CITIZENS ARE NOT UNDERSTANDING THE CONCEPT OR WHY THEY ARE NOT BEING ACCEPTED WITH EASE
Millionday: NOTE - THE REPORT IS LONG BUT SO INFORMATIVE -- SMILE
Millionday: In this regard, he said economic researcher Maha Ihsan thanks that this phenomenon began to expand and spread in Iraq because of the growth rate of Internet use among the community what Find this economic phenomenon, which is positive as feasible and in line with the requirements of the age.
She thanked in her speech "morning "The delivery service (Dlfre) took its field also in the electronic shopping from various shops where has become an integral component to the shop of the local market via the Internet, pointing to the existence of shops for the sale of clothing in different parts of Baghdad adopt this method for the sale and disposal of their goods.
Millionday: NOTE -- THE POINT BEING MADE HERE IS THEY ARE EXCITED ABOUT BEING ABLE TO BUY IN BAGHDAD BUT AS WE CAN IMAGINE -- THIS WILL BE SHORT LIVED IMO
Millionday: She noted that the price, on the subject of buying clothes, may does not represent a problem for many is as far as size and color; Pointing out that the price of delivery service may be different in this case if the goods were returned or were other request.
She said housing buyer distance from the shop area play a major role in determining the price of wage service where whenever the place was the nearest of the shop area the price was lower, and vice versa, and the general rate
At least ten thousand dinars long-distance the fact that the majority of shops are using cars and use bikes in order to preserve the goods from dirt or Allv.ocdt the site (Facebook) shares a lot in the promotion of goods shops, especially clothes where the richest for the trouble congestion and curfews in other shops required to buy as well as predefined price
Millionday: NOTE -- REMEMBER THE TIME DIFFERENCE AS WELL -- OBVIOUSLY AN ISSUE
Millionday: likely thanks in the near future to increase the spread of this phenomenon is being reduced time and effort for both the seller and the Almstrae.otry researcher the possibility of developing means of financial payment also in line with this phenomenon by accepting the owners of the shops Payment smart card or any financial card other electronic contribute to reducing cash handling, as in other developed countries that electronic payment system based in the majority of business dealings.
Millionday: NOTE -- LOGISTICS WILL BE AN ISSUE AS WELL AS ANY BUSINESS OWNER COULD IMAGINE AS WELL -- OVERHEAD CAN NOT BE HUGE AND THIS WOULD PROBABLY BE AN ISSUE THEY COULD BE UNAWARE OF AT THIS POINT FOR THE PRIVATE SECTOR
Millionday: According to those involved, the electronic currency trading and smart cards culture is still weak because of the heavy economic legacy inherited from the old policies that have isolated Iraq to keep pace with global developments in the field handle credit card what make the transition to electronic trading has difficulty in accepting the idea of Algmehor.odat economic researcher at the conclusion of her speech to the need to roll out to all the shops that deal directly with the public and non-abuse of this service being a new phenomenon worthy of support because it is collected in The final serve the local economy.
Millionday: SO AS WE CAN SEE -- IT MUST BE STRANGE TO RECEIVE THE SMART CARD FOR PAYMENT AND AS WE SEE HERE -- THE PAST POLICIES ARE NOT MAKING IT EASY FOR THE CONSUMER OR THE PRIVATE SECTOR -- SO THIS IS FINALLY A HUGE ISSUE THAT HAD TO BE AND NOW HAS TO BE RESOLVED
beth: Will the citizens be able to get online and purchase items from sites that are not in Iraq and pay with their Dinars?
Millionday: ACCORDING TO THIS REPORT THEY ARE UNABLE TO DO JUST THAT --->>> the electronic currency trading and smart cards culture is still weak because of the heavy economic legacy inherited from the old policies that have isolated Iraq to keep pace with global developments in the field handle credit card what make the transition to electronic trading has difficulty in accepting
Millionday: HUGE PROBLEM IN SO MANY AREAS -- THE LIST IS WRONG BUT EVEN IN DEVELOPMENT --
jtank: not international ?
Millionday: EXACTLY --
Millionday: RESOLVE OF THIS ISSUE MUST BE ADDRESSED
Millionday: Shares in Zain Iraq surged on their Baghdad bourse debut on Tuesday, in thin trading of the stock, theoretically giving the country's biggest telecoms operator a bigger market value than its majority owner.
Zain Iraq's share price rose by around 50 percent from the opening price to close at 5.99 dinars after 31 million shares - less than 0.002 percent of the company - changed hands. This gave the entire firm a market value of about 10.96 trillion Iraqi dinars ($9.4 billion).
Millionday: NOTE -- OBVIOUSLY HUGE FOR THE FIRST DAY OF TRADE -- I AM NOT A STOCK MARKET EXPERT
Millionday: READ EVERY WORD>>>>Kuwait's Zain, majority shareholder in Zain Iraq, has a market capitalisation of $6.1 billion.
"The people who bought today will soon realize they bought a subsidiary worth more than the parent and the price will steadily go down," said Hassan Aldahan, chairman of Baghdad investment company Bain Alnahrain. In 2011, Nomura estimated Zain Iraq's enterprise value - the value of its equity and debt combined - at $4.9 billion.
Millionday: NOTE -- OBVIOUSLY HUGE FOREIGN INVESTMENT AS WE HAVE READ ABOUT
Millionday: Since then, the company's earnings and network have deteriorated due to stiffening competition and Islamic State's seizure of much of the country.
Its annual net profit was $348 million in 2011 versus $256 million last year. Aldahan said the seemingly inflated valuation was partly because Zain Iraq had not released audited financial statements which investors could use to judge its "actual worth".
Investors could obtain its revenue and profit from parent Zain's earnings statement, while broker Rabee Securities published a note on Zain Iraq this week.
Millionday: NOTE -- DECISIONS ON MARKET INVESTMENTS ARE MADE BY FINANCIAL STATEMENTS -- THESE ARE TO BE INTERNATIONALLY COMPLIANT AND ACCURATE
Millionday: Zain Iraq - almost four years after the 2011 deadline - listed on the ISX on Tuesday with no prior share sale apart from a token initial public offering in 2013 that sold 55.9 million shares at 1 dinar each, as required to become a joint stock company.
It has 1.83 trillion outstanding shares, so must offer at least 457 billion shares for sale on the ISX - it traded a small fraction of those, 31 million, on Tuesday.
Asiacell closed at 8.25 dinars on Tuesday, down 63 percent from 2013's IPO price of 22 dinars.
Millionday: NOTE -- SOME DIFFERENCE IN THE PRICING -- SMILE
Millionday: "It seems people looked at Asiacell's share price and thought Zain Iraq should be worth something similar, but that totally ignores the differing amounts of shares issued in each company," added Aldahan. "There was very little trading.
The whole objective of the requirement to go public was to get Iraqis interested in share ownership - the process Zain Iraq has undergone really regresses the stock exchange."
Zain Iraq said it was happy to have complied with its licence terms and looked "forward to the participation of the investment community in one of the most profitable and resilient companies in Iraq".
Craveman: Can you elaborate a tad on: "The people who bought today will soon realize they bought a subsidiary worth more than the parent and the price will steadily go down," said Hassan Aldahan, chairman of Baghdad investment company Bain Alnahrain.
Millionday: I AM NOT AN EXPERT BUT WOULD ASSUME THAT THE EXCITEMENT OF THE NEW PUBLIC OFFER WOULD CREATE AN INITIAL FRENZY –
HOWEVER -- WE SHALL SEE -- THEY HAVE A PARENT COMPANY AS WELL -- SO OBVIOUSLY THE SHARES WILL REFLECT JUST THAT
faith1: am i misunderstanding ? ,,, this is not international trading it's within Iraq ? is that correct? but it seems they have given Iraq a chance to buy in ,, so to speak?
Millionday: IT IS IN IRAQ AND THEY HAVE NOT GONE TO A MARKET ECONOMY –
THE MARKET WILL GO TO A MARKET ECONOMY AS WELL - HOWEVER -- THEY LISTED AND THIS IS VERY GOOD DUE TO WHAT THEY MUST THINK THE PAY OFF WILL BE OR COULD BE ETC --
Millionday: Pledged to the economic and investment commission parliamentary, Tuesday, introduced the new investment law to vote in the next legislative term, indicating that "There are no problems facing the approval of the law". The Deputy Chairman of the Committee Harith al-Harthy's / scales News /
"The new investment law abolished all the laws made by Paul Bremer, then on investment," noting that "the new law will contribute to support and stimulate the economy with compel the Central Bank with the support of private banks."
Millionday: NOTE -- THE INVESTMENT LAW FINALLY IS READY TO MOVE FORWARD TO VOTE AND THEY ARE WAITING ON IT WITH AMENDMENTS
Millionday: He pointed Harthy that "the law will raise taxes for companies and facilitate the entry of foreign companies and gives the vacation site investment in just 15 days,"
noting that "the parliamentary Committee serious study and amend the draft investment law to end the administrative routine series To achieve the flexibility that must be treated by the investor."
The "House of Representatives discussed the second reading of the draft law of the Second Amendment to the investment law number" 13 "for the year 2006."
It is said that, "Rep. Nora Albjara had revealed earlier in the L / scales News / amended investment law that requires the involvement of 75% of the Iraqi labor in projects"
Millionday: SO AS WE SEE -- THE CONTRACTS ARE INVOLVED AND-- IN JUST 15 DAYS THE VACATION SITE INVESTMENT -- 15 DAYS -- LOVE IT
subgirl: What is the Vacation Site Investment?? not heard of that? and What is 15 days??
Millionday: IT IS TO DO WITH THE ENTRY OF FOREIGN INVESTORS AND ALSO IS SAYING IT WILL BE DONE WITHIN 15 DAYS -- BUT IS THE PART TO DO WITH FOREIGN INVESTMENT PER LAW
Comments may be made at the end of Part 2 Thank You