Millionday News Time Chat (Evening) 6-27-15
Thanks to DinarRecaps.com for posting Round Table with Millionday!!
Millionday: It announced that Iraqi Airways, said on Saturday that all airlines operating in Iraq globally registered, and to be agreed with them according to the most important service standards, and while confirming that the airline (Fly Baghdad) will enter the list of companies that contracted, the Committee on Parliamentary Services confirmed that it touched a good change the performance of the Ministry of Transport on many of the services provided both in the airlines or the airport in general.
He said flags Iraqi Airways director Akram coffee in an interview with the (long-Presse), said that "all airlines operating in Iraq registered worldwide," noting that "the first issue we focus on in contracted services is the principle."
Millionday: NOTE----IRAQI AIRLINES ARE GOING INTERNATIONAL
Millionday: NOTE -- WOULD HAVE WALK RIGHT BY --- TRAVELEX
Millionday: NOTE -- THIS IS HUGE HUGE REVENUES
Millionday: AND PART OF A MARKET ECONOMY IMO
Millionday: He and coffee, that "all the services provided by these companies for travelers follow-up by a competent cadres of Iraqi Airways," ruling out "the adoption of a commercial contract or agreement with the airline companies are not licensed."
The coffee, that "registered airlines in Iraq, ranging from four to five companies, such as Company (Nasser and Zagros and Fly Dubai and soon Fly Baghdad), and these are all companies operating agreement with Iraqi Airways," pointing out that "the work is in accordance with the trade agreement, according to Iraqi civil aviation law. "
He went on to coffee, that "the agreement with these companies by taking into account the issue of profit, service and cleanliness provided by them and regularity ratio airline schedules and bookings, in addition to those that need to be modern aircraft."
Millionday: NOTE -- THEY HAVE TO BE INTERNATIONAL COMPLIANT AS WELL--- MODERN ETC
Millionday: For his part, he told the parliamentary committee services by Tawfiq al-Kaabi, said, his committee "asked the transport minister to come to Parliament, has been sent agent and the Committee of the ministry, in order to travel the minister," adding, "it was talking about a lot of things that concern the issue of transport and service companies Introduction ".
He explained Kaabi in an interview with the (long-Presse), "as we called the need to interest a traveler and overcome all the obstacles and on eating submitted and hospitality and other services, however we have not received any complaint concerning the airlines and other services to the airport, because we scrutinize any information up to us, though we had Many of the recommendations worked out by the Ministry of Transport.
Millionday: NOTE -- THIS IS A VERY PROSPEROUS INDUSTRY
Millionday: He said al-Kaabi, that "we have seen a change in the work of the Ministry of Transport on the operationalization of the aircraft, which was parked at the airport, in addition to open courses for flight attendant in Lebanon, has been seen there Tzlila difficulties during Tjona at the airport, and based on our conversation with the Deputy Minister of Transport."
The Iraqi Ministry of Transport revealed, in the April 23, 2014, its intention to "a new building design" to Baghdad airport accommodates "ten million passengers a year", and as pointed out that it is seeking to deliver air fleet to "70 aircraft", indicated that they are implemented now more than "20 Marina "for maritime transport.
Millionday: WOW THAT IS HUGE
Millionday: NOTE -- REMEMBER WHEN THIS AGREEMENT WAS MADE
Millionday: The news site global economic detect, in (April 3, 2014), that Iraq sought to obtain a loan of two billion dollars of import American and Export Bank, to finance the purchase of 40 civilian aircraft from Boeing, while among that this was due to the late adoption of the federal budget and the need to finance many transport projects, it reported that Baghdad would form a committee from the Ministries of Transport and Finance and the Central Bank and the airways of the negotiations on the subject with the help of the American branch of the Bank of Citigroup in Iraq.
The Boeing (800-737) arrived, (March 27, 2014), to Baghdad International Airport, led by an American crew, and with Iraqi Airways confirmed that the plane is the third out of 40 contracted by Iraq with the United States, pointed out that Baghdad It will take over until the end of 2014, six other planes.
Millionday: INTERESTING TIMING
Millionday: THAT WAS FOUND BY OUR ROCK STAR HOLLY EARLIER -- LOVE TO HER
Millionday: NOTE -- READ EVERY SINGLE WORD
Millionday: Obelisk: stressed economic adviser to Prime Minister appearance of Mohammed Saleh, said Saturday the need to unify the exchange rate between the central bank and the price that deals with people in the market, and make it pricier one actually commensurate with the oil and economic conditions austerity sale and the defense of this price volatility price.
Saleh said in a statement published by local media, followed up "obelisk", that "the Iraqi dinar exchange rate is the same as the external value of the national currency, the value of money and this value is important to relate to the external sector, because most goods and products are imported and we got to the point Import services also including medical and legal and advisory as well as the importation of goods, explaining that "the volatility of the exchange rate in favor of the dollar and foreign currency taken from the rights of citizens and affect the income and wealth and hits the standard of living."
Millionday: NOTE -- IN OTHER WORDS THEY NEED TO ADDRESS THE DINAR RATE IN ORDER TO HIT THE MARKET ECONOMY AND BE AS THE OTHER COUNTRIES -- BRING TO MIND THE INTERNATIONAL EQUATION
Millionday: He added that "monetary policy is working for the stability of the national currency and to address the volatility," stressing that "the problem of Iraq today is the low price of a barrel of oil, which depends upon the country in obtaining hard currency, which lost more than 50% of the value of exports and foreign currency," noting It "with a lower value of exports remained high value imports, and thus there current account deficit."
He noted that "administrative and financial processes in general affected the exchange rate and the decreased value of the dinar against the dollar", calling for "non-interference to the work of the Central Bank", noting that "the central bank must find a realistic price for the exchange rate Intasp with the economic situation and the defending state this price, and the market and the central bank at a price of one, and that the price difference does not exceed 2%, explaining that "if the desire of the state to improve the value of the Iraqi dinar, it is
Millionday: WHOOPOW >>>noting that "the central bank must find a realistic price for the exchange rate with the economy improves conditions in the country."
Millionday: "The big difference at the exchange rate of the Iraqi dinar against the dollar between the central bank and the market is leading to a loss for the country and the Central Bank", stressing that the monetary policy should put the price of one, and that the proportion of this price with the price of a barrel of oil, which is sold at about $ 60, not $ 110 and commensurate with the balance of payments deficit and not its austerity budget surplus and with the conditions, and this is decided by the central bank to move away from conflicts. "
Millionday: NOTE -- AS WE HAVE BEEN SAYING -- THEY ARE LOSING SITTING STILL -- NO DOUBT -- SO ADJUST AS WE ALL DO
Millionday: The exchange rate of the Iraqi dinar exposure to speculation during the last period and a large rise in record time, prompting cell crisis to agree to the proposal of the Central Bank to cancel 8% of customs and excise tax imposed on the purchase of the dollar.
The Governor of the Central Bank of Iraq and the Agency on the Keywords confirmed the absence of fear of the rise in the dollar's exchange rate against the Iraqi dinar, revealing the "Ask a local bonds worth $ 5 billion; to provide liquidity to the state."
Millionday: SO REMEMBER THAT THE CRISIS CELL IS A FORMED GROUP
Millionday: END OF GREAT GREAT REPORT
_firefly_ Millionday: That's a lot of Dinars at 1166
Millionday: I AGREE FIREFLY
Millionday: Basra rejects a proposal for a federal mortgage oil
Basra rejects a proposal for a federal mortgage oil
Basra's governor refused to pledge to maintain oil and sell it on credit for the issuance of foreign bonds to ease the financial crisis that has plagued Iraq.
Baghdad rejected the governor of Basra Majed Nasraoui, on Tuesday, a proposal calling for the federal government to pledge to maintain oil and sell it on credit for the issuance of foreign bonds to ease the financial crisis that has plagued Iraq because of lower oil prices in global markets.
Basra and contain the largest of Iraq's oil wells, which Qurna 1, Qurna 2, Rumaila, and crazy, and Ratawi, and Allhis, and produces more than 2.5 million barrels of oil per day.
Millionday: NOTE -- THE IDEA WAS TO PAY WITH OIL WHILE THEY SAT AND DID NOTHING OR LITTLE --- IT IS NOT GOING OVER WELL -- SMILE
Millionday: NOTE -- REMEMBER THEY GET PROCEEDS FROM THIS OIL
Millionday: NOTE -- ANOTHER PRESS CONFERENCE
Millionday: Nasraoui said, during a press conference held at the building of the province, said that "Basra rejects any actual move, mortgage on its oil reserves in order to get out of financial distress, unless it is coupled in advance in consultation with the local government, both executive and legislative."
The provincial council and the conservative local government in every Iraqi province, and engaged in the legislative and executive Mhahmha within the limits of the province, according to provincial law irregular No. 21 for the year 2008 average, which Julhma version localized laws do not conflict with federal laws.
Millionday: NOTE -- THIS CREATES PRESSURE
Millionday: Nasraoui added that "you should not dispose of the oil wealth individually without consultation with the local government, in accordance with Article 112 of the Constitution and the law of the provinces commitment No. 21 for the year 2008 average."
The governor pointed out that "the sale of oil on credit is one of the proposed solutions to address the significant shortfall in the budget, but should be coordinated with the local government, above all, what more concerns us ensure the benefits of Basra financial returns and not adversely affecting the oil reserves for future generations.
Millionday: NOTE -- EXACTLY -- YOU DO NOT SELL LOW AND BUY HIGH -- UNLESS YOU ARE HEARING MARBLES AS YOU WALK
Millionday: Iraq is facing an economic crisis forced him to reduce the size of the financial budget as a result of falling oil prices to below $ 50 a barrel and start a policy of austerity, while the Ministry of Finance announced last month that it would increase taxes on some of the services provided.
Millionday: THIS IS THE BEST REPORT OF THE WEEK
Millionday: READ EVERY WORD
Millionday: Farah pumice prompted an economist on the importance of securing adequate to attract investment to set up and implement a real shift towards a market economy, through supporting the work of the private sector and regulatory reforms and re-drafting support economic legislation of this shift. environment
Millionday: NOTE --- THEY ARE CALLING FOR THE CHANGE OF POLICY THAT MOVES THEM TO A MARKET ECONOMY
Millionday: expert Mahmoud Alloush said for " morning ": it is" up to the present time there are no positive environment for businessmen to reform the labor market, many reasons have prevented the identification of the Iraqi economy. "
Among Alloush main obstacles that caused the cessation of the private sector in the forefront of the security situation and the weakness of basic services, as well as complications and routine financial and administrative corruption that contributed to disrupt the work of businessmen.
Millionday: NOTE -- THE NEED IS WHAT?---ATTRACTING INVESTORS AND THE MOVE TO A MARKET ECONOMY
Millionday: THIS IN THE CLAIM OF REFORM
Millionday: The expert stressed the need to reconsider a set of laws, regulations and instructions that were operating through a totalitarian regime before 2003 are not in line with the current stage while Iraq is seeking to shift towards a market economy from During canceled and the involvement of experienced and competent in the re-drafting of these regulations and legislation, with the help of businessmen true and involve them in economic state facilities or benefit from their expertise in this area to facilitate the process of transition to a market economy, as stipulated by the Constitution.
Millionday: NOTE -- THE CONSTITUTION MOVES THEM TO A MARKET ECONOMY -- THEY HAVE THE LAWS ON THE SHELF IMO -- PER THE PLAN
Millionday: As for the focus money and business expertise capital, he saw Alloush that many of them are active in the capital Baghdad as the center of the work of the president, but he found the other hand the work going in a balanced manner in the rest of the provinces and cities of Iraq, so the opportunities available and balanced for all concerned in the economic activities through the excellence of each province actively specialist such as industry, agriculture, tourism or oil extraction operations .
Millionday: NOTE -- THEY NEED TO GO TO THE GLOBAL MARKET AND QUIT LOOKING OUT THE WINDOW IN BAGHDAD IN OTHER WORDS
Millionday: NOTE --- PEOPLE NEED JOBS --
Millionday: Experts and specialists in economic affairs and confirms that the private sector can play an important role in advocating improve the business environment, thus it will enhance the ability of companies and business associations in the active participation in government and economic institutions and to contribute to moving the economic development in the country, through the provision of studies, expertise and consulting in this area.
_firefly_ Millionday: Especially with all of those new super malls popping up
Millionday: LOVE THAT REPORT
Millionday: SO LET ME SAY THIS
Millionday: JULY 1ST -- FIRST SESSION FOR IMPORTANT LAW -- IMF MEETING ON IRAQ`S MONEY---JULY IS THE HUGE HUGE SHOPPING INTERNATIONAL MEETING -- HUGE
efriscone: Do you still think they have a date they are committed to to get this done?
Millionday: EFRI-- I THINK THEY HAVE HAD A DATE FOR THE WHOLE TIME -- WE JUST DONT KNOW WHAT IT IS SO WE WATCH WHAT THEY DO IN INK
Millionday: WHO MAKES A PLAN OF CHANGE LIKE THIS WITH NO DATE ?
Millionday: Agencies approved EU finance ministers to regulations of the European Fund for investments of strategic core of the European investment plan, or what is known as Plan Yuncr.ositdmn Fund - according to the regulations - 16 billion euros (about 17.92 billion US dollars) in guarantees from the European Union and 5 billion euros from the Bank
Aloorobi.obad investment obtaining the approval of the European Parliament on June 24, paving the approval of Member States the way for new investments starting from the middle of this year.
Millionday: NOTE -- THIS IS IRAQI APPROVED INVESTMENTS
Millionday: The aim of the investment plan presented by the European Commission President Jean-Claude Juncker, in January this year to attract investments worth 315 billion euros for the EU to support innovative projects and modernization of infrastructure. The Fund, which is the financial basis of the plan and intends to attract private sector funds to contribute to the financing of projects in Europe. The finance ministers agreed on the rules of operation of the Fund, including the allocations in the EU budget and the scope of its projects and rules Adarth.oukal Yannis Warriors, Finance Minister of Latvia and the chairman of the meeting: "In the current economic context, there is a clear need to pay for investments," adding that the new fund through improve the ability to take risks will provide for the participation of the private sector environment.
Millionday: IRAQ WANTS A PIECE AND HAS A PIECE TOO
Millionday: NOTE -- THEY ARE TO USE THEIR PRIVATE SECTOR TO MOVE
firefly_ Millionday: As Abadi told us months ago "The private sector will fund the Economic reform"
Millionday: Hussein al-Tamimi Tgb counting economic Samir Alnasiri member of the Baghdad forum CBI initiative in the allocation of the amount trillion dinars for program financing of small and medium enterprises the right to work.
Millionday: He said in an interview with "morning": that the allocation trillion dinars to finance projects small, medium and adopted by private banks and in cooperation and coordination with the Iraqi private banks association represents a move designed primarily to achieve sustainable economic development, support and financing of small and medium enterprises and the reduction of unemployment for young graduates producers within the work and people with occupational and professional and technical skills with the ability to establish and manage product project age in the agriculture sectors of the economy and the industry, housing, trade, tourism and health.
Millionday: NOTE -- THIS HAS BEEN REPORTED TO BEGIN IN JULY
Millionday: NOTE -- THE LOANS BEGIN IN JULY FOR SMALL AND MEDIUM
_firefly_: Diversification. That is what the IMF suggested last November
Millionday: He noted that the activation of the mechanisms of implementation of the project needs to be a set of quick actions in cooperation and coordination with the banks and to ensure that the mechanism of successful project implementation and success and development Pmaahakq central goal.
Alnasiri suggested that action may be taken and securing executive requirements of the application The program effectively and practical, is also given the role of the Iraqi Company for financing small and medium enterprises existing as a specialist and charged with the management of the project that includes the allocation amount for banks wishing to stage the first trial to prove the success of the application of the instructions issued by the Central Bank of Iraq and for the remainder of 2015.
Millionday: NOTE -- THIS IS THE APPLICATION THAT MEANS FUNDING
Millionday: AND THIS IS GREAT NEWS
Millionday: He pointed to the importance of reconsider study program, instructions, applications and successes and failures that I got to get to the visions and instructions for new 2016 adopted by the Council of the Iraqi Central Bank administration in particular, and it currently represents the supposed consultation and opinion, partnership and cooperation in making decisions on the applications of monetary policy, the private banking sector.
Millionday: NOTE -- ANY CHANGES THAT HAVE TO BE MADE WILL BE IN THE ADJUSTMENT OF 2016 BUDGET AND POLICY
Millionday: THE BANKS HOWEVER ARE GOING TO BE FUNDED FOR THE REST OF THE YEAR FOR THE PRIVATE SECTOR ACTIVATION ACCORDING TO THIS
Millionday: Alnasiri between the importance of creating a new structure within the organizational structure of the Central Bank of Iraq include the establishment of a unit or department Odairh to manage the amounts and the distribution of funding, monitoring and evaluation of the application of the financing of small and medium enterprises program in accordance with the operational instructions issued and the window is called (development finance fund administration), or as it is called now (National Finance Fund).
Millionday: NOTE --- THIS WILL BE MONITORED AND AS IT IS DEMANDED TRANSPARENT
Millionday: urged to identify Standards definition of small and medium enterprises based on standard numerical workers in or sectoral standard and is placed controls limits lower and higher lending according to the importance and its impact on the economic development of the project, included Productive Families popular and heritage industries and stereotypes, sewing and encourage the feminist element in the establishment and financing of these projects where Statistics indicate that The proportion of women Products Crops loans to finance small and medium-sized their businesses no more than 13 percent of the total recipients of these loans.
Millionday: NOTE-- THIS MEANS THEY CAN ONLY FUND SO MANY
Millionday: READ EVERY WORD >>>>>>>>>>>>>>>>
Millionday: Alnasiri stressed the importance of re-financing the distribution of balanced proportions to serve the economic development of economic sectors and non-Turkazaaly finance consumer and unproductive nature of projects where Statistics indicate that commercial loan accounts for 53 percent of the total previously funding granted loans while finance housing loans 3 percent and the agricultural 5 percent and health 3 percent. The student reconsider rate of interest on the loan, which realized the central bank, banks and the guarantors that no more than 4 percent instead of 5.5 percent and the duration of repayment loan of not less than 5 years instead of 3 years and can finance the project a second time in the case of repayment of the loan for less than the period Aamahddh for the purpose of development.
Millionday: NOTE -- GREAT INTEREST RATES-----
Millionday: THE RE-FINANCING OF THE BALANCES IS TO SERVE THE ECONOMIC DEVEOPMENT ?-- WOW
Millionday: SO THEY HAVE TO MOVE FORWARD -- SINK OR SWIM
cjquade54: they truly are moving ahead with lightning speed now aren't they
Millionday: QUICKLY FOR SURE
Millionday: HERE IS WHAT I HAVE ON THE NATIONAL FINANCE FUND
Millionday: The central bank is betting on the success of the project by firing his experience lend to small and medium enterprises based on the Association of Iraqi private banks to lend cooperation to carry the young researcher for employment opportunities, meaning that the subject was Mdyate required in the preparation and organization, including making him confident of success.
Millionday: NOTE =--FUNDING THE NEW MARKETS AND PRIVATE SECTOR
Millionday: READ THE AMOUNT
Millionday: Starting to be a warning from the other put sticks in the national project wheel through irresponsible remarks or rather inaccurate and not a related technical specialization in this field, to give the experiment a chance to succeed outside of interpretations, doubts and point the finger in advance, I think that's what will face this project National, that the warning does not mean there is to express an opinion and objective criticism correction of the course of the experiment but the need to provide evidence in Aladea.an allocation trillion dinars to start such a project is a great record deserves attention and means that he step on the road to the right start for the restoration of the national economy and stimulate and if taken advantage of the loans, amounting to Fifty million dinars maximum per project
beth Millionday: 50mil dinars. wow
Millionday: NOTE -- OBVIOUSLY THEY EXPECT SOME ISSUES -- AND WOW IS RIGHT -- NOT A LOT
Millionday: to achieve its goals and sincerity of borrowers in their intentions and paid premiums on time, imagine the size of the generation and cash flow and invest in more projects and as a result, the capital of this session will prove central bet on the success of the project
Millionday: NOTE -- SO A GROUP WILL DECIDE
Millionday: Before going into the requirements of the success of this vital project is not necessary to clarify the objectives of the bet and of starting stimulate the economy by creating new jobs contribute to the absorption of unemployment towards business and special projects, which leads to a scalable desires in the search for government jobs stressful .alahm he will contribute to the re-core activity for the sector But the heart of the banking and tasks of lending for development, who missed him because of the circumstances, domestic production is needed to replace the country billions of dollars for the purposes of import simple products can be produced locally, as well as creating leverage as I said before, and so we have taken towards real development.
Millionday: NOTE -- LOVE IT >>> as well as creating leverage as I said before, and so we have taken towards real development.
Millionday: SO AS WE SEE THEY ARE MOVING FORWARD WITH LOANS TO THE PRIVATE SECTOR -- THE HEART OF ALL ECONOMIES
Millionday: HAVE A GREAT NIGHT AND SEE YOU TOMORROW AT 730 EST AND THROUGHOUT THE DAY
Millionday: WOW THIS IS EXCITING!