Millionday Roundtable 11/18/13
[millionday] now this is from a huge conference and it is a great one -- speech from maliki
[millionday] Baghdad - The head of Prime Minister Nuri al-Maliki, Iraq past the completion of the process of construction and reconstruction despite the challenges faced by the region, noting that it attaches "great expectations" on the forum Iraqi-British investment, which was launched in Baghdad today, as pointed out that his government has succeeded in achieving progress in the field of economy despite the difficult challenges.
[millionday] progress in the field of economy in all aspects -- love it
[millionday] Maliki said in a speech at the crossroads of business and investment Iraqi - British and held by the National Investment Commission in Baghdad today, attended by "Alsumaria News", "Iraq's past in completing the process of construction and reconstruction despite the challenges faced by the region these days."
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Maliki said that "we attach to this forum great hopes for progress in the field of investment," he said, adding that he "held in an atmosphere where Iraq urges paced in the process of reconstruction and rebuilding what was destroyed by wars as a result of wrong policies committed by the former regime."
[millionday] The prime minister stressed that "despite the difficult challenges we face, but we have succeeded in achieving progress in the field of economy and all types and formations," calling for British companies "to invest in Iraq and exploit the opportunities in the light of the legal guarantees provided by the legislation of the modern Iraqi, which represents a good opportunity for investment companies global . "
Maliki pointed to "a government effort to speed up the process of construction and reconstruction in order to alleviate the suffering of the Iraqi people, despite what has been submitted during this stage," and at the conclusion of his speech, praised the "initiative put forward by Britain in the development of the health system in Iraq."
[millionday] very nice -- we know they have developed a huge group to help with iraq and the new iraq entrance to the world so let me get that – huge brb
millionday] ICS Financial Systems Ltd. - ICSFS, the global software and services provider for banks and financial institutions, announced its successful participation in the First Banking Conference in Iraq that was organised by Iraq Private Banks League.
Under the auspices of the Prime Minister Nouri al-Maliki, the conference carried the theme of “Iraqi Banking Sector - Reality and Challenges”.
[millionday] ICSFS received an invitation from Iraq Private Banks League to attend the event, as it is considered one of the leading banking solutions providers in Iraq.
The conference witnessed the participation of Arab and foreign banks, Iraqi ministries and authorities as well as the Union of Arab Banks. The main objective of the conference was to set comprehensive recommendations to the development process of the banking sector, in order to serve the economy in Iraq.
[millionday] On the first day, the conference dealt with the Iraqi banking activities, banking regulatory environment, monetary policy, the future of the Islamic banks in Iraq and the economic challenges that the Iraqi banks will face.
The second day of the conference addressed the role of international institutions in the banking development process, the mechanism of actions for modern banking industry, private banks strategic programs to implement small and medium-sized enterprises and the role of foreign banks in these strategic programs.
[millionday] Executive Director of Business Development at ICSFS; Mr. Wael Malkawi stated, “We are delighted and honoured to be invited by Iraq Private Banks League to attend this effective conference.
The conference focused on present and future strategic plans for the Iraqi banking sector, opening the opportunities for us to be acquainted with the future needs and requirements of the banking sector in the Iraqi market. As we are working to increase ICSFS’ customers in Iraq, that adds up to twelve banks using ICS BANKS® and ICS BANKS® ISLAMIC systems.”
[millionday] note -- remember they applied islamic banking laws
[millionday] ICS BANKS® provides a complete suite of banking business modules with a rich sweep of functionality and features, addressing business needs and automating accounting processes, as needed, to improve a bank’s business performance.
ICS BANKS® has always been a pioneer in utilizing the latest technology to serve financial institutions. In addition to its embedded Service-Oriented-Architecture (SOA), the system is deployed in a multi-tiered setup that runs on a web thin client, J2EE environment.
ICSFS references in Iraq include the following banks: Bank of Baghdad, Gulf Commercial Bank, Warka Bank for Investment & Finance, Investment Bank of Iraq, United Bank for Investment, Ashur International Bank for Investment, Dar Es Salaam Investment Bank, Emerald Bank, Vakif Bank, Iraqi Islamic Bank, T.C. Ziraat Bankasi, Albaraka Türk Participation Bank.
The banking sector in Iraq consists of the Central Bank of Iraq and 56 banks distributed as below; (7) government banks, (29) private Banks, (9) Islamic banks, and (11) foreign banks.
[millionday] >>>>>>>>>>>>>>>>>>>>>>>>>>>>>..now for the best part
[millionday] this was announced to the citizens today and in all major news sources and print but -- it was held >>>>The event was held in Baghdad at Palestine International Hotel from 28 -29 September 2013. Smile hmmmmm
millionday] love when a plan comes together anyone like it or did i freeze again
[Red Skyy] I likey
[rollonjohn] Great news MD!
[DlD] why did they wait to announce it to the citizens?
[millionday] go ahead hun
[millionday] i would assume to allow them to not effect the slow growing confidence in the banking in iraq -- it would have seemed as if they were including many outside sources and iraqis do not like that much -- and they are trying to show completion and a confidence in their banking
[millionday] this is encouraging that they have released this info --- very nice
[DlD] Ok makes sense I guess lol
[millionday] wow the money that will be made from iraq is going to be historical in itself
[anthonlcs] millionday So do you think all 56 banks are up and running now through the ICS systems
[millionday] they are as scared as grandma and the depression to trust in the banking system --- it is a great need to use the banking industry to be successful in global trade - so very important to monitor what they say and what they put out -- as per announcements they are ready and complete
[anthonlcs] millionday excellent ty
[millionday] i would like to personally fly there and look smile brb with more
[Smokey Mtn. Dinar] millionday Maybe kick a few butts and get this RV done!
[millionday] gladly smile
Pauld] Millionday your intel is the best out there for sure, we have got to be close with all this information coming in.
[millionday] Ministry of Commerce announced on Monday, for the distribution of the ration card forms for the years 2013-2014 the end of this year, confirming the completion of printed forms for the six provinces.
The Director General of the Department of Planning and Follow-up Agency of the Ministry Hussein Farhan said in a statement received "Alsumaria News", a copy of which, "The ministry has completed the process of printing forms for ration card new for the years 2014-2015 for six Iraqi provinces," noting that it "continues to finalize the rest of the provinces Other
[millionday] Farhan explained that "the provinces that have been completed of Astmaradtha including Baghdad, Mosul and Arbil, Sulaymaniyah and Dohuk and Basra," noting that "the technical effort of the department continued to work day and night to complete the forms printed in the rest of the provinces." He pointed out that "the end of next December will see the distribution of these forms to citizens after it is printed in full."
millionday] The estimated amounts of the ration card items to be provided annually by four million and 400 thousand tons of wheat and about one million tons rice and 800 thousand tons of sugar and 500 thousand tons of baby formula and 600 thousand tons of edible oil, are being distributed this vocabulary under Capon special ration card is print and distributed to Moatninoabaky of this Al Capone in force for two years.
[millionday] that is this december for the following two years - very huge progress for the people of iraq and God bless them to have the ability coming to feed their children
tiger_ag] looks to me like the number 2014 keeps showing up in the news we care about....could it be because it is right around the corner, or are they telling us something?
[The s family] What have they been getting before? Nothing?
[millionday] actually the end of the monetary policy is ready and it is the bonds so we are in a total different place than we have ever been
[The s family] Bonds were by the end of the year too right?
[millionday] and what i am bringing to ya is great news --- know this -- goi and cbi working to get the new iraq to the old world is great and we were waiting on that step
[millionday] i see that cbi is complaining that the media is saying 2014 and are saying they are working on it now but we shall see --- obviously with contracts activated and the many things we have seen (plastic money) or wives best friend we call it here -- we obviously are just seeing negative comments due to stress that we all feel
[millionday] but as far as the ink --- life is good smile and take it from my words to your ears -- we are close
[faith1] millionday does Iraq have to have a currency of value to distribution of the ration cards???
[millionday] they will for the imports it will take for the grocery list and of course will for the budget --
[DlD] Ok my ears have received. Whoooop whoooooop
millionday] they need the rate set first as they said the first step to enter the globe they announced yesterday is -- the dinar
[millionday] we should see so much news every time we meet here -- really there is so much going on now with construction called to begin the banking the jobs the countries coming the trade agreements the stock exchange -- we will be loaded all at once so it wont be a secret but know it will be as shabibi said -- poof there it will be -- so dont miss news
[DlD] I can hardly wait on poof its here lol
[The s family] Million when were the bonds to be available
[millionday] i have to go and cut this to an hour today -- puter wont let me load much more anyway but i will see you at 730 est --