Millionday News 8/4/15 Part 1 of 2
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Millionday: WELCOME EVERYONE TO NEWSTIME
Millionday: Urged interested in economic affairs on the need to involve the Iraqi private sector in the field of investments, especially in service projects, infrastructure and housing projects, to keep the money in the economic cycle to Bld.alaguetsada Adel Abou loaf told »Sabah»: that «under the current circumstances,
the national economy does not have the ability to afford housing projects and projects services and infrastructure cost, so the attraction of investments in this area need and an urgent need for the country to this type of project in light of the expansion and increasing population density ».
Millionday: NOTE -- NOT ONLY DO THEY NEED INTERNATIONAL INVESTMENT BUT ALSO NEED THE DOMESTIC COMPANIES INCLUDED
Millionday: attract investment and added Abu loaf that «one of the most attractive tools for investments is promotion for those projects »,
calling for the establishment of a unified realization of economic organizations and associations Business Council, contact the investors and the definition of investment opportunities, as in the experiences of countries in the region and regional countries.
Millionday: NOTE -- THE CALLING FOR CONTRACTORS -- NICE -- THIS GOES WELL WITH THE ANNOUNCEMENT OF THE PRIVATE SECTOR ETC
Millionday: He also pointed to the possibility of easing the burden on the state budget through the implementation of these projects by investors, local or foreign, and the provision of facilities and real exemptions, taking into account the recovery of these projects after 30 or 50 years.
stimulate the private sector and among that this approach gives an additional opportunity to activate the role of the private Special in this area all his joints, from the promotion, presentation and communication with audio and visual media organizations, to attract Alajunbah.oahdv investments Investment Law No. 13
Millionday: NOTE -- THE INPUT FROM OTHER INVESTORS WILL EASE THE BUDGET STRAIN
Millionday: to push economic and social development process, development and bring technical and operational expertise and human resources development and creating job opportunities for Iraqis to encourage investment and support the establishment of practical projects Investment in Iraq and expanded and developed on different economic levels and the granting of privileges and exemptions for these projects.
Millionday: SO THIS IS ALL TO ESTABLISH THE INVESTMENTS AND ALL THAT COMES WITH THAT MOVE -- WHOOPOW
Millionday: Fatlawi represents activation of guaranteed bank loans one important topics for the development of small and medium enterprises, the Iraqi company and went to guarantees banking guarantee the loans after the economic feasibility study contributes to find real projects on the ground,
especially There are successful have experience in this area where secured loans to thousands of projects over the past years, at a time are ready to stage lending and wide after the allocation of central bank trillion dinars for projects of this type of project.
Millionday: NOTE -- THE BEGINNING OF SMALL AND MEDIUM LOANS -- TO ESTABLISH THE BEGINNING OF BUSINESS
Millionday: Managing Director of the company bank guarantees Rolla Saleh confirmed that the company and in cooperation with private banks prepared a court plan to loans trillion dinars allocated by the Iraqi Central Bank to small enterprises and ceiling lending to exceed 50 million dinars,
pointing out that banks will adopt the lending process is obliged to bring it back to the Central Bank within the specified period, which includes lending to court a mechanism for channeling funds appropriate for the course.
Millionday: NOTE -- THE PROCESSES WILL BEGIN ACCORDING TO THIS WHICH CREATES JOBS ETC -- MANY APPLIED AS WE READ RECENTLY SO GREAT NEWS NO DOUBT
Millionday: She noted that the The company will work to ensure the loans in accordance with the stomach for that matter the conditions and after the economic feasibility study, asserting that the mechanism to get a sponsor guarantor of the loan witnessed facilitate some procedures and become a non-specific staff member government exclusively, but can accept ensure employee at a respectable civil companies with a good reputation, confirmed that the company take into account the proportion of the loss of some non-performing loans.
Millionday: NOTE -- THEY OBVIOUSLY PLAN TO LOOK AT BUSINESS PLANS ETC
Millionday: WOW>>Saleh said that 24 banks waged Iraqis and Arabs have expressed their willingness to participate in the lending process, indicating that a number of banks, now has the governor to lend to small and medium enterprises separate from the credit departments,
indicating that the Middle East Bank of the first banks adopted this subject as we are working in collaboration with the same bank to adopt start-ups and young project, which includes lending to young people in the study phase of a sum of money for the purpose of investing in a particular project.
Millionday: NOTE -- 24 BANKS ARE WILLING TO TAKE PART IN COMPANY ADVANCEMENT AND LAUNCHING THROUGH LOANS -- GREAT NEWS -- VERY ENCOURAGING
Millionday: They pointed to the importance of the adoption of programs to attract depositors and employ huge money chunky in homes development projects check beneficial for depositors The bank and be an important part of the process of economic development,
referring to the importance of benefiting from the experiences of neighboring countries in this aspect, which is working to organize withdrawn from weekly progress Jawaizmdzeh to depositors and this is a way to attract capital to the private banks as well as the presence of a guarantor legislation for deposits in private banks.
Millionday: NOTE --OBVIOUSLY FOR ECONOMIC DEVELOPMENT
Millionday: Saleh put a on the experiences of some companies in the region, including Lebanon experience, which owns bails company is a joint Lebanese financial public utility works to help small and medium-sized enterprises in Lebanon to obtain bank financing.
guarantees for small and medium-sized enterprises company help Size by granting guarantees to bank loans Binaaly studies feasibility and action plans advanced from loan applicants to demonstrate the sustainability of economic activity, which is a loan application axis.
Millionday: NOTE -- SALEH IS SEEING THE POSITIVE IN REGIONAL HELP AND INCLUSION -- SOUNDS ENCOURAGED AS WELL
Millionday: She noted that the company is studying the advanced loan applications through operating banks in Lebanon to the decision to grant bail or not to grant heading guarantees its programs company to small and medium-sized enterprises that operate in one economic sectors such as industry,
agriculture or tourism, as well as craft production, said Saleh guaranteed loans benefit by bailouts companies to reduce Alfoaidalleha financial support, it has been the establishment of this support program to reduce the financial burden on small and medium-sized enterprises that borrow in order to finance its activities by the Lebanese Finance Ministry to pay This support management of the Lebanese Central Bank.
Millionday: NOTE -- OBVIOUSLY INTERNATIONAL BANKING AND ECONOMIC INVESTMENT --
Millionday: As for the experience of Tunisia indicated that they company specializing in the management of security mechanisms established under an agreement entered into with the Ministry of Finance set the conditions and methods of the various mechanisms interference by maintaining a guarantee privacy in terms of the independence of resources and terms of intervention,
an institution under the supervision of the Ministry of Finance and open as it contributes to the state within the limits of its capital 37 percent and banks within the limits of 63 percent and are managed by the Board of Directors.
Millionday: SO THIS IS THE AGREEMENTS MADE THAT WE HAVE READ AND ALSO HAVE SEEN PUT TO LAW THROUGH MULTIPLE MEETINGS -- NICE
Millionday: BANKING LOANS BEGINNING FOR PRIVATE SECTOR -- WHOOPOW
itsaboutjesus: "banking loans beginning for private sector" does any report provide any sort of date? like literally, money ready to "roll out" of the banks
Millionday: NO DATE GIVEN BUT OBVIOUS PREPERATION AND WE HAVE SEEN LAUNCH OF PRIVATE SECTOR -- AGRICULTURE--INDUSTRY -- BANKING -- DEMANDS OF BANKING -- AND ABADI STATING ECONOMIC CRISIS RESOLVE WITHIN A FEW DAYS -- SO WE WATCH THE INK
Millionday: TITLE>>Achievement lend to small and medium enterprises plan
maine: when did abadi state that the crisis would resolve
maine: from what point or date did he say that?
Millionday: YESTERDAY NEWSTIME
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