Millionday News 7/14/15 Part 1 of 2
Welcome to dinarupdates.com for News Time with Millionday!!
Millionday: Head of the Iraqi private banks association said that the current stage requires concerted efforts to promote the economic and financial reality of the country and mitigate the impact of crises and shocks that beset the developing economies, including Iraq.
Millionday: NOTE --- THE CURRENT STAGE REQUIRES THE PROMOTION OF IRAQ`S ECONOMICAL REALITY
Millionday: NOTE --THE ADVANCEMENT OF BANKING AND DEVELOPMENT IS EXPECTED TO BE LARGE WITH THE NEW DIRECTION OF CBI AND ITS DEVELOPMENT CONTRIBUTION
Millionday: He said Handal told the "morning" on the sidelines of the General Assembly meetings of the Bank of Assyria International said signs of several carried out by the Central on the road to support and assign banks and direct specialized banking activities, what would make them exercise their competencies to the fullest.
Millionday: NOTE -- ROLLS ASSIGNED
Millionday: He added that the central decision to launch an amount trillion dinars to lend to the private sector through private banks is the first after the experience touch the need for a supportive role for development. He described the relationship between the Central Association
as the best way to restore confidence in banks by the public on the one hand and raise its reputation among international banks as reflected in the development of the banking performance on the one hand Thanih.wachar to other supportive measures concerning the lagging banks and research the possibility of assistance and advancement again to her husband in the process of work banking after the reform would.
Millionday: NOTE -- THE ANNOUNCEMENT OF BANKING LOANS FOR DEVELOPMENT OF SMALL TO MEDIUM ETC FOR THE PRIVATE SECTOR IS THE MOST IMPORTANT TO MOVE FORWARD TO RESTORE CONFIDENCE IN BANKING FOR IRAQ -- VERY SUPPORTIVE IN ITS DEVELOPMENT
Millionday: He Handal confidence that the Iraqi private banks to be able to deal with this initiative and what lead to the success of its goals in providing job opportunities for the unemployed and provide products and small industries and local medium contribute in supplying the Alsoq.ovi answering the question: "morning" launch date of loans to small and medium-sized enterprises revealed Handal for the committees in charge has ended its status and has ratified and the banks are now receiving requests for consideration and decision in lending soon.
Millionday: NOTE -- THE BANKS HAVE RECIEVED REQUESTS ALREADY FOR LOANS AND THEY HAVE ALSO BEEN CONTACTED TO FIND OUT WHEN THE LOANS WILL BEGIN-----THIS IS LEADING TO THE DEVELOPMENT OF THE PRIVATE SECTOR OBVIOUSLY
Millionday: For his part, Executive Director of the Association of Iraqi private banks Ali Tariq said that the Association is closely following the reality of the work sector private banking and supports all banks by creating a perfect her airs work in collaboration with the Central Bank,
Millionday: NOTE -- BANKS ARE ALL WORKING CLOSELY WITH CBI
Millionday: SO AS WE SEE -- CBI HAS GIVEN INSTRUCTIONS IN THE ACTIVATION OF THE LOANS
Millionday: Hussein al-Tamimi Tgb simplify government measures to activate the business environment in Iraq is an important focus in the beginning of economic development process sought by the country, in light of availability of the ingredients for success of the productive sectors and services in all the provinces.
Millionday: NOTE -- OBVIOUSLY THE ACTIVATION OF BUSINESS IS VERY IMPORTANT IN THE BEGINNING OF THE ECONOMIC SECTOR
Millionday: President of the National Business Council, the Iraqi David Abdul Zayer stressed the need for simplification of procedures Government relating to the reality of investment,
especially it represents an important part of the investment environment, which must be attractive and encouraging of capital and effort investment the international advanced and which has the technology and capital.
Millionday: NOTE -- THE PRES OF IRAQ`S BUSINESS COUNCIL IS ASKING THAT THE PROCEDURES BE AS SIMPLE AS POSSIBLE FOR INVESTORS --
Millionday: He said in an interview for the "morning", said the success of the investment in infrastructure projects requires government departments interaction related with domestic and international effort and facilitate the completion of investment transactions through modern and Tknlogi
organize and deal-mail and this is the things President in all States Almottagdmh.ofatt that the simplification of procedures requires the will of fact by the government to set up a new electronic system in line with the requirements of the times and especially,
Millionday: NOTE -- THE PRESIDENT OF BUSINESS COUNCIL IS ALSO ASKING FOR THE DATA ENTRY SYSTEM TO BE LAUNCHED SO THEY CAN INTERACT AS EXPECTED WITH INTERNATIONAL INVESTORS
Millionday: the country has a lot of the elements of sustainable development, and in this way we have overcome all the problems and we've become part of the global system at the center of the world map in the investment and the economy, and from this point of start economic and investment Revolution absorbed by the world's projects.
Millionday: NOTE --HE IS STATING THAT THEY HAVE OVERCOME THEIR PROBLEMS AND HE IS ALSO SAYING THEY HAVE BECOME PART OF THE GLOBAL SYSTEM WITH SO MANY DEVELOPMENT PROJECTS NEEDED
Millionday: NOTE -- WITH THE TRANSLATION BARRIER -- THIS IS STRANGE -- HOWEVER
Millionday: IT APPEARS HE MEANS THEY NEED TO LAUNCH THE DATA SYSTEM UP -- TO MAKE THIER PROJECTS ASSESSABLE ELECTRONICALLY
Millionday: READ EVERY WORD OF THIS >>
Millionday: He said Zayer: not feasible after more than a hundred years to establish the modern Iraqi state to become directives and instructions in the Iraqi ministries and institutions is the obstacle that bedevil the smooth flow of transactions in government departments because of instructions controls that intersect sometimes used as a pretext in some times of the staff
for the purpose of disposal because it is the largest Clogged and an excuse not to facilitate the transaction, we need to reconsider the measures Supported in government departments, especially that Iraq is in dire need for global investment effort advanced to rehabilitate its economy.
Millionday: NOTE -- THEY ARE BEHIND TIMES AND NEED TO LAUNCH TECHNOLOGY TO ADVANCE ITS ECONOMY THROUGH ALL INVESTMENTS
Millionday: The international organizations and economists local adopted a mechanism to modify and refine the economic laws within a program called (guillotine laws) to keep it away from intersections and adopt commensurate with the economic transition to economy Market Muftouh.zaar student to change all previous procedures in completing Almuammlat all sectors on projects and services the citizen level,
pointing out that the most important issue is supposed to stress after facilitate the procedures are levies that achieve income to the government reduces its dependence on its expenditures on oil sales, and this threatens the economic case the continued lack of amplification levies and the development of this system to an electronic system.
Millionday: NOTE -- THE GOV SYSTEM NEEDS TO BE CHANGED TO THE CITIZEN LEVEL SO THE PRIVATE SECTOR IS ABLE TO GET INFORMATION ON PROJECTS ETC
Millionday: He stressed, that the simplification of procedures creates a positive atmosphere helps in the growth of the Iraqi economy and become of the countries that can deal with foreigners, expatriates, have state polarization and not the State of transit, but its stability and an environment attractive, not repulsive.
Millionday: WHOOPOW THIS CHANGE TO A DATA SYSTEM THAT IS AT THE CITIZEN LEVEL CREATES A POSITIVE ATMOSPHERE --AND THE GROWTH OF THE IRAQI ECONOMY
Millionday: NOTE -- THIS IS HUGE
Millionday: NOTE -- THIS IS THE CALL TO CHANGE OVER TO THE ELECTRONIC SINGLE WINDOW SYSTEM DEVELOPED FOR INVESTORS
Millionday: He noted that of the scripts in the developed countries is the electronic government and is one of the the most important things to provide services directly via the Internet (Pokerschool Line) and more importantly,
is an electronic levies that today the state suffers from insurance Jpayadtha of duties, taxes and customs, which suffers from a state of weakness and thus be entered Iraq in reforms and is one of the countries that deal with the world.
Millionday: NOTE -- THIS IS WHAT IS NEEDED TO PUSH IRAQ TO REFORMS AND WILL ALLOW TRACKING FOR THE ISSUE OF TAXATION --CUSTOMS--INSURANCE -- THIS WILL ALSO MAKE IRAQ ONE OF THE GLOBALLY TRADING COUNTRIES
Millionday: The Zayer had stressed in an interview earlier on the importance of the Investment Law No. 13 of 2006 and the promise of encouraging laws but needs to some important amendments which contribute to the promotion of investment, and sees the need to amend the law to add a paragraph "developer"
Any investor for the land and specialist building infrastructure and public services and to develop schemes and designs and give him the right to divide this investment opportunity to other investors to implement the proposed project in accordance with fundamental designs.
Millionday: NOTE -- THIS STATES AGAIN AS IN THE REPORT LAST NIGHT THAT THE INVESTMENT LAW NEEDS THE PART FOR INTERNATIONAL INVESTORS
Millionday: known developer as dedicated to creating and implementing infrastructure projects and related services and to develop the plans and designs the investor and then continued administration after converting the implementation of the planned to other investors of projects so as to promote investment opportunities in country.
Millionday: SO THIS IS TO DEVELOP AND PROMOTE THE PROJECTS AND ALSO IMPLEMENT THE PLAN WRITTEN
Comments may be made at the end of Part 2 Thank You