Millionday News 9/11/15 Part 1 of 2
Welcome to dinarupdates.com for News Time with Millionday!!
Millionday: Mustafa al-Hashimi
discussed Iraq, as represented by the central bank and the banking sector, in the activities of (Iraq Banking Forum) the latest developments in the national economy developments macroscales developments banking Central and plans for the advancement of the financial reality.
Millionday: NOTE -- THIS IS THE REPORT OF CBI AT THE ECONOMIC FORUM ---THEY EXPLAINED PLANS OF ECONOMIC REALITY
Millionday: According to a statement of the Central Bank «morning» received a copy of it is set to start events that will continue for two days in Albannaah capital Beirut on Tuesday in the presence of the Iraqi Central Bank Governor Dr. Ali Keywords counterpart Lebanon's central bank governor Riad Salameh and with the participation of banking and wide between the two countries, along with the participation of regulators and officials involved in the Central Banks of the two countries.
Millionday: and acquires this forum, which is organized by the Central Bank The group works in cooperation with the Central Bank of Lebanon especially the Lebanese side, either from banks operating in Iraq or of businessmen and investors who deal frequently with the Iraqi market in various sectors, the importance of men.
Millionday: NOTE -- THE FORUM IS GOING ON RIGHT NOW SO OBVIOUSLY THIS IS VERY INTERESTING ---
MONDAY THROUGH TUESDAY ---ALL ABOUT IRAQ AND LEBANONS BANKING ---- INTERESTING TIMING TO SAY THE LEAST
Millionday: NOTE -- LOOK AT WHAT THEY HOPE>>>>>>>>It is hoped to put forward several topics in the forum highlights the economic reality and banking in Iraq and put the Lebanese banks operating experience within the country, as well as the establishment of workshops with the participation of global Hrkalt.
And it operates 19 branches inside Iraq to Arab and foreign banks, mostly Lebanese, along with four other banks under establishment, including Lebanese banks as well.
Millionday: SO THEY WANT THE IRAQI ECONOMIC REALITY AND BANKING IN IRAQ TO BE THE CENTER OF IT ALL -- LEBANON HAS BANKS IN IRAQ SO OBVIOUSLY A PUSH/HOPE IS WHAT MANY ARE LOOKING FOR
tman23: This is bigger then what it appears..... After newstime read up on.....Lebanon's central bank governor Riad Salameh....... And keep in mind that in 2012 Shabibi had his arrest warrant issued October 2012
Millionday: THANK YOU
Millionday: NOTE >>>>>>THE AMF RATES
Millionday: al-Hashemi said the Arab Monetary Fund, the interest rate on loans granted to the short, medium for the month of September the current prices.
According to the monthly bulletin of the Fund seen by «morning» that the Arab Monetary Fund to raise interest floating rate of 6-month to 0.87 percent after scoring in last August 0.85 percent.
Millionday: She explained that the interest rate installer for 3 years was 1.26 percent, down from 1.31 percent last month, adding that the price tag stood for for four years, 1.44 percent after it was 14.9 percent in August.
and Atapat that the interest rate is installed on the loan term of 5 years amounted to 1.61 percent down from 1.65 percent last month, pointing out that the interest rate for the installer for 7 years stood at 1.89 percent after it was 1.92 percent in the month of August last.
Millionday: MANY ARE FOLLOWING THESE FIGURES AS IT IS NOT HARD TO SEE THE IMPACT IN IRAQ AS THEY ADDRESS ECONOMIC REALITY AND THE REFORMS ---
THE AMF RATES WILL IMPACT IRAQ DUE TO THE MASSIVE BUSINESS AND TRADE EXPECTED AND OF COURSE THE MARKET -- BANKING REFORM -- THE IRAQI DEVELOPMENT ETC ETC
Millionday: NOTE -- MANY REPORTS ARE EXPRESSING THE GLOBAL GOAL OF IRAQ --
Millionday: NOTE --- DO NOT FORGET THE MANY ECONOMIC FORUMS /MEETINGS GOING ON RIGHT NOW ---- HUGE WEEK -----HUGE
Millionday: HUGE MONTH
Holly1 Millionday: This is awesome TY .
Millionday: I AGREE -- WHOOPOW
Millionday: NOTE -- INDUSRIAL AND SYSTEM REFORM
Millionday: Economist member of the Baghdad forum Amer Jeweler: The industrial strategy addressed to encourage strategic partnerships with foreign and local investors qualified establishment of industrial companies economically feasible for the country.
Jeweler said, according to a report the restructuring of public companies team in the Council of Ministers in February 2015 Case Study (157), a public company and display (96) companies from various ministries, local and foreign investment in accordance with the Partnership styles of management and / or ownership
and conversion of some companies into joint stock companies, after taking system administrative reform and addressing the surplus labor and measures to improve productivity to become attractive to investors.
Millionday: NOTE -- UNDERSTAND THIS IS SAYING THAT FOREIGN AND LOCAL INDUSTRIES ARE MERGING ---
THE RESTRUCTURED OF SOME WILL BE ON THE ISX AS JOINT STOCK COMPANIES ---
THIS IS PART OF THE ADMINISTRATIVE SYSTEM REFORM --- ALL TO DRAW IN INVESTORS
Millionday: THIS IS A WHOOPOW ALL DAY LONG
Millionday: NOTE -- HERE IS HOW IT IS LISTED IN THE PLANNING/REFORMS
Millionday: He cautioned the importance of the restructuring of public companies list to transfer part of the ownership of the public sector in some of them to the private sector by turning them into joint-stock companies, pointing out that it came within the schedule of the strategy that is converted 20 percent of the general industrial sector companies to effectively contribute in the stock market companies fiscal 2017 and
Millionday: THE GOAL IS TO GAIN FOR STAKEHOLDERS/IRAQ/INDUSTRY/PRIVATE SECTOR
Millionday: 50 percent of them in 2022 and 80 percent of them in 2030, taking into account the existence of (176), a public company of which (71) a public company industrial include about 250 plants.
jeweler said, came in the decision of restructuring and in the strategy that is the formation and restructuring units in the ministries responsible for the preparation of business plans for each company have approved.
Millionday: SO REMEMBER OVER A YEAR MAYBE NOT THAT LONG AGO -- THE MINISTRIES WERE DISTRIBUTED RESPONSIBILITIES TO COMPLETE THIS PLAN --- OBVIOUSLY IT WENT INTO PLAY
Millionday: NOTE -- THIS WILL BE RELEASED TO CITIZENS IN MORNING
Millionday: Fatlawi between who specializes in economic affairs that the economy is suffering instability and lack of investment environment and the limited business activity of the private sector as well as neglect is clear of the tourism sector, while emphasizing the necessity of activating these sectors and diversify the resources to break free from dependence on a good oil as a principal source of financing the budget.
Millionday: NOTE -- WE CAN CALL THAT THE UNDERSTATEMENT OF THE YEAR
Millionday: NOTE -- HOWEVER -- WHEN YOU TRAVEL /TOURISM YOU CALL VISA-MASTERCARD-ETC TO NOTIFY ----
Millionday: He explained Dr. Nizar Mohammed Abdullah in an interview for »Sabah» that need has become urgent to activate the various employment sectors in order to serve the economic process by diversifying the sources of income to reduce the negative effects arising as a result of lower oil prices, the direct negative in the state budget as a result of increased payments and the lack of revenue.
Millionday: NOTE -- IT IS URGENT TO MOVE FORWARD WITH MARKET ECONOMY /DIVERSITY
Millionday: methodology participatory He stressed that the State is unable to economic file management alone unless work on the use of the private sector and the adoption of a participatory methodology between the public and private sectors and limiting the role of the state to provide facilities
and create the appropriate environment for the private sector to carry out its functions under its supervision and control and has thus created for the private sector to play a role in economic decision-making in a practical process and suggested Abdullah, in order to promote the economic reality and
Millionday: NOTE -- THE PRIVATE SECTOR NEEDS THE FREEDOM TO PROMOTE THEIR BUSINESS -PRODUCT
Millionday: READ EVERY WORD >> the face of unrest and the negative effects caused by the economic crisis, taking the private sector role ascribed to it in line and the latest trends calling for economic reforms and the adoption of economy mechanism market and Althrrmen rentier economy restrictions.
Millionday: NOTE -- A RENTIER ECONOMY IS WHAT ALLOWS YOU TO LIVE FROM PAY CHECK TO PAY CHECK ---LOL
Millionday: He attributed Abdullah lower economic growth rates significantly to the low levels of economic activity, particularly the lack of real understanding of the dimensions of the market economy as well as the old styles and useless in the production process accompanying the spirit of the times not to mention the lack of work on «technology transfer» concept real any restricted to the transfer of equipment and machinery without transportation plans and capacity building.
Millionday: NOTE -- EVERYTHING THEY ARE USED TO HAS CHANGED -- ADD THE REFORMS AND THEY ARE EMPOWERED BUT THE ECONOMIC CONFIDENCE IN THE MARKET WILL BE THE TURNING POINT FOR THE COUNTRY
Millionday: NOTE -- FOR A MOMENT WILL PRETEND EVERYTHING IS NOT PLANNED
Millionday: He urged the need to develop a plan and ideology deliberate and intended to reduce the challenges faced by the private sector and turn it into a tangible reality to compensate for the imbalance in the private industrial sector as a result of downtime for two decades,
pointing out that the introduction of technological methods of modern industrial purposes can reduce productivity problems and its economic equation
Millionday: NOTE --- THE CHANGE IS FROM WHAT HAS OCCURED IN THE LAST TWO DECADES --- JUST AS INVESTORS HAVE THOUGHT ------>>>pointing out that the introduction of technological methods of modern industrial purposes<<<
Millionday: due to the adoption of the methodology and to find alternative sources of income through make way for other sectors and the concomitant large absorption to the problem of unemployment and employment and the possibility of reaching a competition with imported products and the disposal of dumping commodity which has damaged negatively the country's economy.
Millionday: NOTE -- OBVIOUSLY THEY ARE REFERRING TO THE FEAR WE HAD -- MACHINES TAKING THEIR JOBS -- INDUSTRY
Millionday: investment environment and noted that the creation of administrative and bureaucratic capable of attracting the Iraqi capital and migratory replay of the country free from the constraints encouraging investment environment,
noting that there are billions of dollars tops the list of investment in the Arab States and the world encouraged by the absence of the validity of the investment environment in Iraq in terms of the laws regulating them in creating an active and influential investment sector in the economic development process
Millionday: NOTE -- OBVIOUSLY THE LAWS FOR THE NEW IRAQ WILL BE LAUNCHED WHEN THEY ARE APPLICABLE -- IMO IT ONLY MAKES SENSE
Millionday: On the other hand Dr. Nizar to the tourism sector, calling it the industry that have not employed so far in increasing the national income, stressing the importance of work on the supported and developed to ease the financial burden experienced by the country similar to the countries of the world, especially that Iraq possesses Religious Tourism Say counterpart, stressing that there are countries adopt
Millionday: NOTE -- OBVIOUSLY THEY NEED TO EXPAND THEIR MARKET AS DR. NIZAR IS SAYING
Millionday: this sector as the basis in its revenues as is the case in Egypt and other countries, warning of the consequences of continuing to rely on the export of crude oil based on the source of income.
He concluded by noting that follow that ideology and work according to the market economy model in this time will the reduction of negative returns on the country's economy and the outgrowth since 2003 and the negative results as a result of extravagant unjustified.
Comments may be made at the end of Part 2 Thank You