Millionday News 7/19/14 Part 1
Welcome to dinarupdates.com for news time with Millionday!
[millionday] k here we go -- President Jalal Talabani returned to Iraq on Saturday for the first time since he suffered a stroke a year and a half ago and was flown abroad for medical treatment, state television said. Iraqi politicians named a moderate Sunni Islamist as speaker of parliament earlier this week, but have yet to choose a president or prime minister, a position which the incumbent Nuri al-Maliki is fighting to retain.
millionday] Although the presidency is a largely ceremonial position, Talabani was widely seen a unifying figure, both within Iraq and his own Patriotic Union of Kurdistan (PUK) party, which has struggled to contain internal divisions without him at the helm. In broadcast footage of the octogenarian earlier this year, he appeared much weakened, suggesting he is unlikely to reprise an active role in politics.
[millionday] Nevertheless, Talabani's return will help rally support for the PUK and may help unite competing factions around one candidate for the presidency, which is typically from the party.
This week, the PUK's Najmaldin Karim nominated himself for president without the blessing of the party leadership, Kurdish political sources said, pitting himself as a rival to Barham Saleh, who had been touted as the frontrunner for the post.
[millionday] note - well that is really unheard of to nominate yourself -- smile
[millionday] In recent years, the PUK has lost ground in its own stronghold of Sulaimaniyah, upsetting the political duopoly, whereby it had shared power with the Kurdistan Democratic Party (KDP) since the region gained autonomy in 1991.
The PUK was outperformed by former opposition party Gorran (Change) in a regional paliamentary election last year and pushed down into third place.
But in the nationwide Iraqi election in April, the PUK regained stature thanks to its popularity Kirkuk, which is outside the formal boundary of the region but was brought under Kurdish control last month.
[millionday] note -- it seems that as we know Talabani has influence in the presentation of who the president is going to be or at least will help a lot in the speed of its naming
[millionday] Kurdistan Alliance, said that the return of Jalal Talabani, the homeland will accelerate in resolving the presidential candidate.
And between the Kurdistan Alliance MP Khalil Mahma in a press statement today that "the return of Talabani will moisten the atmosphere and accelerate the resolution of the presidential candidate and the formation of the new government
[millionday] "The Kurdish groups conducted extensive dialogues and meetings in order to resolve the presidential candidate. The "President Jalal Talabani arrived today returned home after a trip therapeutic affected more than a year in Germany.
[millionday] so as we thought -- he will help a lot in getting the president in place --
[slh5282] will he have a chance at picking the next PM?
[millionday] no but he will have influence in his party -- he is very respected
millionday] here we go -- MP for the Liberal bloc Magda al-Tamimi revealed, on Friday, that the Presidency of the Council of Representatives will form a parliamentary committee to study the draft federal budget for the current year and approved after the Eid al-Fitr.
Tamimi said in an interview for “Alsumaria News”, “The Presidency of the Council of Representatives will in the coming days to form a temporary parliamentary finance committee to study the federal budget for the current year and approved after the Eid al-Fitr, ie before the end of the fiscal year
[millionday] Eid al-Fir is the feast
[millionday] She said , a member of the parliament’s finance committee earlier, that “the purpose of the formation of this committee conduct financial matters in the state and launch projects and work,” pointing out that “disable approving the budget impact one way or another to launch projects and building infrastructure, as well as suspended work.”
It is noteworthy that the state budget has become the stuff of debate and an exchange of accusations between the political blocs all, they are still languishing in the corridors of the House of Representatives did not complete the readings since it was approved by the Council of Ministers (January 15, 2014).
[millionday] so we have this years approved for this year jan 15th and they are stating the confusing statement of before the end of the fiscal year ? that is obviously referring to the next one -- so this is the working committee formed on the study of the budget
[h-spot] Do they have to have a reality rate to approve it-the budget?
[millionday] no they will make the adjustments through the data entry system
[lstar877] Fiscal year ends aug 31st so which budget are they talking about?
millionday] they have stated that the budget reflects the reality rate in some circles -- i see a lot of %% in it
[slh5282] Is this the approval of the 2014 budget or are they going to combine 2014 and 2015?
[millionday] oh they must have changed it from jan to jan because they have the ability to that and you are right sorry it is the islamic so they are referring to this one and trying to confuse me because i am sick
[millionday] they have begin working on the 2015 already
[awesomedtl] i swear I saw an article indicating that the committee was formed to speed up the vote before the wednesday session?? now this is supposedly saying after fat fest for them!!??? lol
[millionday] they are saying they will approve it after the feast and work on finishing it before
[awesomedtl] thats like 2 more weeks or so
[quicktolegit96] Doesnt the budget have 1.16 in country for the iraqis? this was brought about 4-5 months ago...
[millionday] CBI has stated that they will move forward without it being in place by using international contract money -to fund the banks
[MsDiva] MD so is it possible we may see the reality rate before 2015?
[millionday] they were talking about the adjustment for inflation and the pricing index
[millionday] it is possible to see the rates done at anytime
[quicktolegit96] My bad, just go there...are we still thinking when GOI is seated? or more?
[millionday] i dont understand the ??
[quicktolegit96] its ok, never mind, ill just see how it plays out, no worries
[millionday] thinking then for the budget ? ok
[millionday] here we go -- Expert insurance Saadoun al-Rubaie stakeholders to support private insurance companies to exercise their role in diversifying the revenue of the country and support the process of economic development.
promised al-Rubaie, the insurance industry one of the cornerstones in the development process and to protect the national economy, noting that the lack of insurance awareness in Iraq led to the neglect of this sector, especially given that the country has 29 private insurance company, including 5 companies in the Kurdistan region.
urged the expert told the "morning" competent authorities to provide support for these companies to be able to exercise its role, to contribute to the advancement of the country's economy,
[millionday] note -- they are referring to the insurance industry and also the insurance they have in place like our FDIC
millionday] indicating the importance of an awareness of insurance to cover the risks that facing the citizens, including the dangers of credit faced by the banks,
no you can not open the adoption of the import of any goods unless covered by insurance also incites spreading the culture of insurance between members of Iraqi society, especially from fire accidents, theft, life insurance and personal accident and everything related to it, explaining that Article 81 of the Insurance Act allowed will select the believer to the type of insurance that dials.
[millionday] note --as we see -- the banks -- and also accidents and personal-work -death- and more
[millionday] indicated that the Insurance Act No. 10 of 2005 aims to regulate the insurance sector and supervision to ensure the development and secure market open, transparent and financially secure, and enhance the role of the insurance industry to ensure that people and property against risks to protect the national economy.
[millionday] they are expecting the insurance industry to be a large part of the initial market and stocks -- they are being proactive to make sure it is stable for the economic development
[millionday] very important in all world markets and of course lucrative brb with more
[jtank] Why would they start working on 2015 budget when not finished w the 2014 -
[millionday] they are being proactive so that they have things ready in time instead of after time -- a very good sign
[millionday] the contracts they have in place help them in the figures they should expect due to the lapse in time that will occur finishing most
[millionday] here we go
[jtank] I know they want to see what M has done w 2014 budget
[millionday] Draw specialists in economic affairs that the process of economic and social development depends on the mobilization of all the possibilities of society,
including the energies and resources in both the public and private sectors to participate in the regulation of institutional holds the establishment and operation of projects of various kinds competent economic affairs Khalid Rashid pointed out in an interview for the "morning" to The need to create links between the harness resources to serve the economy and the concept of governance,
both of his multi-dimensional relevant aspects of administrative and economic converge at common points based on the principles of transparency and disclosure,
accountability and equal rights for stakeholders and responsibilities in order to raise the efficiency of resource use and enhance competitiveness and attract sources of funding and the expansion of projects to create new jobs and support economic stability.
[millionday] note -- they are saying that all things need to be active all at the same time in order to be able to rely on the other as they activate the economic reforms
[millionday] this is also to maintain the progress of the isx and the ability to ensure that they get the most for all investors
[millionday] financial expert Dr tributary of the pendulum to the challenges facing the country at this stage what happened from structural imbalances government and community and economic as well as a strong showing for the new roles of communities and civic organizations,
emphasizes the need for an objective assessment of the reality of institutional performance through the adoption of approach to governance that is based on a variety of laws, processes and traditions that determine how the exercise of power and decision-making with the participation of all stakeholders in decision-making, as it is to embody the dimensions
[millionday] of the main tasks of governance which include building state institutions and to achieve effectiveness and efficiency of public administration based on the principles of Integrity transparency and accountability and combat and combat corruption.
either competent in economic affairs Nazim Mohammed said in an interview that good governance is a package of principles and commitments and responsibilities, policies and procedures and methods developed by senior management and apply traditional management in companies and institutions with the aim of clarity and disclosure of flour and transparency, and
[millionday] note -- they are talking about the huge importance to use all resources available to the companies -- private and gov to ensure the most effective for the economic advancements and the move to a market economy -- they are talking about its success by using all resources available
[millionday] timely information on financial conditions and how management performance for all parties to ensure effective oversight of the administration to the benefit of all shareholders and the protection of minority rights and respect for the provisions of the laws and the development of systems and procedures for the safety of their application and efforts to fight against corruption and the rule of law and the promotion of transparency and accountability
[millionday] note -- they must use all laws and be aware of them and also ensure for the shareholders that they are completely transparent as they are in other countries with their stockholders or at least how they are supposed to be –
so they want all markets to follow the law and find out what the laws and code is by using the resources in place for them with training and all else they have put in place with the gov and also the private market they are a part of
[millionday] pointed to the importance of the role of training and rehabilitation of structures, institutions and companies in the development process economic and demanded that the Ministry of Planning in cooperation with universities and vocational and training centers role in a comprehensive study and detailed administrative structures of the institutions of the state in the light of the tasks
and functions set forth in the applicable laws and identify weaknesses and flaws in the mechanisms of action of institutions and seminar focused on the importance of developing and identifying plans that focus to address this imbalance and improve performance.
[millionday] so as we see they are talking about the needs and steps that are very important as they move to a market economy – whooopow huge news