Millionday News 3/10/14 Post By Rudie Part 1
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[millionday] welcome to newstime
[millionday] Mustafa al-Hashemi in the stages of a gradual transition from a centralized economy to a market economy show the need to keep pace with global developments in the economic sphere, specifically Maitalq money and business through the adoption of financial systems and electronic banking make it easier to get loans from banks and force small and medium enterprises to sources of credit.
[millionday] note -- whoooopow
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[millionday] , and have it According to the managing director of the Iraqi Company for Bank Guarantees Amin Abdel Sattar - by providing guarantees partial loans granted by banks to contribute capital of the company and the participating banks program security to small and medium enterprises, and by entering into partnership with private banks and take risks with it.
said Abdul Sattar told ( morning): that there are efforts to find a growing capacity to support and develop the private sector by increasing the secured loans provided to those projects in Iraq and facilitate the task of the owners of small and medium enterprises to obtain loans to finance their projects to provide them with an income,
[millionday] note -- this is the beginning of loans to private sector -- which is the heart of the economy in all countries they are setting up and preparing to activate the electronic banking and all that goes with it
[disciple7] Very nice
[millionday] "additional" to them, as well as create jobs, which leads to the result of the evolution of the economic reality of the country. added system aims secured loans also to encourage banks to adopt modern methods of risk assessment and follow the administrative systems developed,
indicating that the risk tolerance shared by all of the banks and company bank guarantees, explaining that there are two dissidents Loan Guarantee , the first is the case currently been activated with our banks to participate and gave excellent results too was quickly for
[millionday] note -- meaning that the loans will be insured and secured -- very very good news with the reality of the economy and the move they are talking about the market economy
[millionday] this is what we are waiting on
[ROBINREDHED] this is? i thought we were waiting on them to decide to change the value of their currency -- jk -- hearts md
[millionday] the reality of the economic form (dinar) is the set of the rate smile
[millionday] borrowers to get money in Baghdad and the provinces of bank branches scattered in it. Among the warranty program Islamic private loans offered by Islamic banks awaiting post banks and Islamic parties funded for the purpose of activation to benefit borrowers speed for approval to give them credit for the completion of their projects different.
stressed that the system of loan guarantees as an insurance which is an economic system in place in
millionday] note -- the Islamic banks are helping to expedite this process for the purpose of the activation -- love it
millionday] all the world, but that the culture of insurance in general is weak in the country and that Iraq did not turn after to a market economy has led to the decline of Loans of offers guarantees difficult for banks to obtain funding for the completion of projects.
and the maximum size of loans guaranteed by the Iraqi Company for Bank Guarantees, said Abdul Sattar: The Iraqi Company for Bank Guarantees included loans ranging in size from 5 thousand to 250 thousand dollars or the equivalent in Iraqi .
millionday] . He pointed out that the loan guarantee program applied by the company that targets small and medium enterprises based on encouraging lending document to the cash flows, but the participating banks or the Iraqi Company for Bank Guarantees are entitled to claim Bkivalat personal and appropriate safeguards.
between the interest rates is the issue of negotiation trade between the bank and the borrower, but the company urges banks to participate with them to apply the prevailing rates in the market.
[millionday] so this is saying that some people will get better interest rates but will stay in a medium that is doable -- this is huge huge news -- a big whoooopow
[dinar dave] MD.... Your just full of wealthy information tonight lol
[millionday] why thank you very much – smile this is so good i wish i had written it
[millionday] this is the move to activate the rates and the movement of loans with the ects being able to be done etc etc
[Danalivin4HIM] Cant imagine they can stay at the rate they are now and not go bankrupt
[millionday] they will not stay at the rate they are at - it is not the reality rate of the country for market trade here is a great report too here we go
[millionday] - Farah pumice to coincide with the direction of Iraq towards the transition to a market economy and to enter the WTO, increasing the need to forge partnerships with the private sector and government support with international companies to implement development projects serve the country.
Though this work mounting, But the consultant in industrial development and investment Amer Jeweler criticized the coping mechanisms of economic with the countries of the world, especially that Iraq buys goods and services and even raw materials and construction of these countries compared to what it gets from rents unilateral
[millionday] note -- again we see the entry of the active membership of the WTO as a huge goal right now so very encouraging
[millionday] saying it dealings unequal, and bear country the burden of continuing. goals specific and occur Jeweler "morning" the desire of countries in the world in the export of goods and services to Iraq,
but he urged to take advantage of these opportunities and achieve economic relations successful and equally attracted by these countries to invest in the country,
and the development of specific goals by holding forums and conferences abroad and focus on certain projects out the results of the logical and practical.
called on the competent authorities which are directly related to the development of the Iraqi economy in cooperation with the private sector and government support,
[millionday] note -- they are actively setting up the transition it appears -- wow do we like this
[millionday] to diagnose and determine the projects studied small, medium and Find implemented by foreign companies, stressing the need to invest meetings with international companies foreign to implement productive projects and services in the country,
they also increase the employment opportunities and revitalization of Iraqi capabilities. procrastination investment either for a business that has emerged recently with the United States, said the jeweler:
[millionday] note -- this is actually the movement we would expect to see and again we see activation as the meaning of this move and what is going on -- huge huge for us and them -- we must not forget them and their needs as well
[millionday] This means that the increase in Iraq's purchase of the products of these countries what carries the burden of ongoing, in addition to distract of money in this direction, which must be devoted to the diversification of the economy,
but also acted to increase the delay investment opportunities in Iraq, by opening the horizons of many and increasingly to imports.
" It is said that the Deputy Prime Minister for Economic Affairs Rose Nuri Shaways discussed with the representative of the U.S. Commerce in Washington, recently
[millionday] note -- the meeting of the strategic framework activation plans
[millionday] many of the issues of common economic and job opportunities of U.S. companies in Iraq and the problems and obstacles that hinder their work out there,
as was provided a briefing about the measures are carried out by the Iraqi government in order to attract investors and create a good investment environment, as it was the opening of a trade office Iraqis in Houston to enhance trade relations between U.S. companies and Iraq.
[millionday] note -- see that it was done -- the opening of the houston offices -- whooop whooop
[millionday] diversify the economy and in this regard called jeweler to the need to diversify the economy and increase GDP by achieving the production of extra whatever was simple, which in turn leads to the provision of additional employment and develop Iraqi cadres,
as well as diversifying the revenue budget. legal frameworks Observers believe that several factors behind the reluctance of some companies and capital from coming into Iraq,
millionday] , the most important instability security and rampant corruption in some of the joints in the absence of legal frameworks of modern bureaucracy,
and not cringe these obstacles to investment remain economic forums and invitations to companies to come and Ngterv possible under the chances of Iraq, without a strong response translated into development projects on the ground,
but the government and the competent authorities are currently working on the kinks, prompting several Korean companies and the United Arab Emirates and other nationalities to enter into investment in Iraq.
[millionday] so they are saying that they are finishing the establishment of great investments and the allowable entry from the globe -- this is great -- how great this is !!
[millionday] getting out the kinks seems to minimize the security issues but thats great -- we like them being minimized smile brb with more
[millionday] this is also great news for the advancement of the economy of Iraq to the globe for trade and its return
[millionday] Hussein al-Tamimi Tgb represent trade fairs point of communication between the countries of the world for the most prominent and the most important technological innovations of modern and exchange needed between the countries of production and the countries of the need.
Due to the importance of this joint economic important sees a specialist in economic affairs Nazim Mohammed Ugaili pointed to the importance of the recruitment fairs in the service of the local economy ,
through initiate public and private sectors to establish a database of their requirements basic aim supplied from global companies to enable the committees related investment
[millionday] note -- we read today about huge fairs and meetings to initiate the trade advancements they need from all countries --- this is more on how much they are doing in this regard
[millionday] Seen international effort evolving into agreements directly for processing those requirements. technologies advanced and Ugaili said in an interview (morning): Thousands of international companies participates annually in exhibitions organized in most of the provinces and with the best technologies in all disciplines,
pointing out that the adoption of this mechanism leads to shorten the time and effort and reduce expenditures to organize visits to the countries of those companies with the expansion of vision and see up close. inviting companies and
[millionday] between Ugaili be planning to invest exhibitions the next is very important, as the company prefers to examine the Iraqi opposition of the Ministry of Commerce with a public-private mechanism that offers invitations to international companies that are supposed to carry the international rankings, ahead of the global list.
He stressed the importance of the presence of representatives of international companies who have the authority to enter into cooperative agreements or contracts for processing in order for our companies and institutions to obtain their requirements depending on what is agreed upon in the wings of the opposition.
[millionday] note -- this is saying that the countries that are able to invest are doing just that -- there are some that are not allowed or under sanctions etc -- but many are in a row and a rush now -- very nice
[millionday] agreements either a specialist on the organization of exhibitions Zia Mohammed is among the many companies that are located in the exhibition keen on the presence of cadres advanced management to conclude understandings with the Iraqi side,
especially those that have a desire in the execution of the projects within the country, which requires that the corresponding post and attend the cost of all institutions have the same powers in choosing which serves the country's economy. specialized exhibitions and noted
The specialized fairs, no less important than public exhibitions, as it is working on a better offer advanced technologies witnessed by production and service sectors in the world, pointing out that the provinces set up several
[millionday] exhibitions and periodically, including exhibition building and construction in Baghdad and the exhibition of oil, gas and other equipment and health services in Basra, and other cities can employ to achieve economic viability of the country.
opportunity to follow developments and continued saying that exhibits large and with the participation of the quality and wide range represents an opportunity to inform the public on the different segments on the development achieved by the world in everything is an opportunity to inform young people, especially college students on the last global technology, and stand on the size of the gap between the country and the world has witnessed developments over the decades
[millionday] note -- this is saying that there are countries that have one thing to offer or another that they are taking advantage of what they are best at to bring the best to iraq and these areas of specialty are very important in Iraq`s growth in what they are trying to achieve --
[millionday] , the rupture with the world because of the policies destroyed. , and pointed out that the coming period will witness the organization of a number of public exhibitions and specialized in different cities, which requires to be preparing to invest in this opportunity in order to achieve the economic viability of the country.
[millionday] exactly -- this is going to expedite the advancement in the country and this is great of course to use the abilities for the best result -- the key to the best business
millionday] so we will now see huge fairs and contracts to advance Iraq to the New Iraq and move to the market economy that will also result in the reality rate that we are waiting for and they are as well –
electronic banking and also the loans to grow and expand with jobs and revenues for the government and the nation -- a move to the globe very nice brb with more
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