Welcome to dinarupdates.com for news time with Millionday! Part 1
[millionday] WE HAVE LOTS OF NEWS TO LOOK AT TONIGHT --
[millionday] BRB LET ME CHECK TRANSLATIONS
[millionday] I HAVE BEEN DOING SOME GREAT RESEARCH SO WE ARE GOING TO HAVE SOME INTERESTING TIDBITS WITH NEWS TOO
[millionday] HERE WE GO
[millionday] In a time when the banks of liquidity is high, show the need to be absorbed and utilized in the areas of economic serve the development process through the launch of sovereign bonds to invest in different sectors.
According to specialists testify Citizens lack of awareness and culture in the field of investment shares and the mechanics of circulation in the Iraqi market for securities , while notes that different world countries rely bourse in determining the activity of various sectors and draw its role in the economies of their countries.
In this context, he said the academic economic Dr Majid Baidhani that the level of trading shareholders in the stock market without ambition and that the lack of knowledge of a large number of citizens of the benefits achieved by the traded shares companies listed on the Iraq Stock Exchange.
millionday] NOTE --- THE IRAQIS ARE NOT EDUCATED IN THE STOCK MARKET AND THEY NEED INVESTMENTS FOR ITS SUCCESSS
[millionday] said in a statement (morning) to that in spite of the campaign launched by the Iraqi market for securities earlier in the definition of stocks and traded companies and advocacy to trading by buying and selling,
still more citizens suffer difficulty in understanding the mechanism followed in the stock market and the role of financial intermediaries in clarifying them and guide them and advise them to do to sell or buy.
confirmed that the contract deals in the world's stock markets is a common phenomenon being the most prominent types of indirect investment.
[millionday] NOTE -- THEY ARE TRYING TO TEACH HOW TO INVEST TO CITIZENS AS IT IS RECOGNIZED THAT MANY ECONOMIES BENEFIT GREATLY BY THE GLOBAL STOCK MARKETS
[millionday] accentuated the need for days after the last to do campaigns identifiable focused for the dissemination of the culture of the exchange between the majority of citizens and invite them to invest in them to enhance the performance of the Iraqi Stock Exchange and access to the level of ambition,
at the time shows the presence of non-Iraqi investors dealing in a smooth manner so they are in their home countries along the sessions of the daily trading amounting to 3 hours.
[millionday] was likely Baidhani reason for the decline in appetite or reluctance of citizens to enter the stock market to the prevalence of the idea that the purchase of fixed assets is much better than investing in buying and selling stocks in the stock market, as a result of the weakness of the culture of trading bonds and shares of companies in the stock market.
currently operates 47 brokerage firm deployed in Baghdad as an intermediary between investors and the stock market where the brokerage firms to receive orders from investors to buy or sell and implemented in the stock market,
you can not invest in the stock market only through those financial companies that specializes in the systems of trading in the stock market, and providing consultancy for work in the capital market.
[millionday] NOTE -- MOST IRAQIS ARE INVESTING IN FIXED ASSETS -- REAL ESTATE -- GOLD -- ECT -- ITEMS YOU CAN TOUCH OR GAIN FROM BUSINESS SALES ECT
[millionday] includes the Iraqi market for securities Iraq Stock Exchange, which symbolizes her short ISX, 74 joint stock company listed on the stock exchange sectors is head of banks and industrial services, insurance, agriculture, hotels and communication represented by one company for mobile communications.
[millionday] SO WHAT THIS TELLS ME IS THAT IT IS VERY IMPORTANT FOR IRAQ TO ENTER THE GLOBAL ARENA SO THEY CAN BENEFIT MORE FROM THEIR ISX AND ESX AS WELL -- HUGE REASON TO HURRY UP IMO
[millionday] NO ONE WANTS AN UNSUCCESSFUL STOCK MARKET -- BRB WITH MORE
[millionday] NOTE -- ANOTHER NEED TO MOVE FORWARD
[millionday] Al-Saadi said: It is the duty of the government to set measures to tackle the problem of unemployment, mainly to encourage the private sector and get rid of the public sector enterprises is effective, and activating the role of banks and lending easy through the amendment of certain laws, especially measures mortgage loan, would these things, the expansion of the demand for manpower in the private sector.
pointed to the importance of reconsidering the higher education program and develop a plan homogeneous between the outputs of higher education and the need for the country to those terms of reference,
where it was noted the large number of graduates of some of the terms of reference that there is no room to take advantage of them in exchange for a lack of other functions needed by the labor market in both the public and private sectors. confirmed the need for legislation the Social Security Act to ensure pension rights for
[millionday] NOTE -- REMEMBER THAT THE BASKET OF LAWS ON THE TABLE ARE ALL THE FINAL BANKING AND INVESTMENT ECONOMIC LAWS ECT -- ALL IN ONE
[millionday] all workers in the private sector, according to a mechanism does not assume the state where any additional obligations where the demand for government jobs many because of job security and pension if has to address this matter and to expand demand by the private sector will be less momentum on request government jobs that do not absorb all the unemployed, as I said before.
[millionday] HE IS SAYING THAT THE PRIVATE SECTOR HAS TO BE ACTIVATED AND BROUGHT BACK FOR ALL IRAQIS AND THE NEED IN THE ECONOMY --
[millionday] THE REFORMS ARE NEEDED FOR THAT ACTION AND OBVIOUSLY EXTREMELY IMPORTANT WITH WHAT IS GOING ON IN THE COUNTRY
[millionday] I HAVE A HUGE REPORT I AM GOING TO TRY TO BREAK UP TO THE IMPORTANT PARTS FOR US -- SO BEAR WITH IT AS I BRING TO YA THE MOST IMPORTANT PARTS TO US
[millionday] HERE IS WHAT ECONOMISTS SAY --
[millionday] Counting Economists, on Saturday, the deletion of zeros from the Iraqi currency trend "sensitive and dangerous" in light of the situation, which passes through the country,
while others stressed that the process is left to the decision of the CBI for being concerned only in the monetary policy of the country, he stressed deputies in the Parliament on the need to The process of deletion of zeros according to the techniques and procedures intact.
He said the former deputy governor of the Iraqi Central Bank Mazhar Mohammad Saleh in an interview to the (long-Presse),
[millionday] NOTE -- CBI IS INDEPENDENT --
[millionday] HERE IS WHAT SALEH STATED --
[millionday] "The time is not ripe for the implementation of the policy of the central bank with regard to the deletion of zeros from the local currency, because this process needs for political and security stability, and Iraq today are exposed to terrorize large and fierce war ,
"noting that" the process of monetary reform of this magnitude take place in conditions of peace and economic growth, great. Saleh added that "this issue is sensitive and dangerous and should be avoided, and can be applied at least in the medium term through the next two years.
[millionday] NOTE -- HE BELIEVES THAT THEY DONT NEED THE MONETARY POLICY ACTIVATED RIGHT NOW WHICH IS RIDICULOUS OBVIOUSLY WITH SO MUCH MONEY BEING SPENT IN THE WAR AGAINST ISIS
[millionday] For his part, Undersecretary of the Ministry of Planning Mahdi Keywords in an interview to the (long-Presse), that "this issue is linked to the expertise and advice that enjoyed by the CBI when it decides to delete the zeros."
He explained: "It perhaps this trend is not a priority for the central bank during this period," attributing it to "the lack of significant effects for the deletion of zeros on the overall economic activity now.
" He pointed out that the relationship "This measure is a phenomena that must pay attention to it Petrhik display the currency."
[millionday] NOTE -- THE MINISTER OF PLANNING IS SAYING IT IS THE EXPERTISE OF CBI TO KNOW WHEN AND WHAT IS BEST
[millionday] For his part, President of the Association of Iraqi banks Adnan Chalabi said in an interview to the (long-Presse), "The process of deleting the zeros belonging to the Central Bank of Iraq alone,
" noting that "this process needs to techniques and technical aspects, we can not interfere with the central bank is alone on this It's because it is monetary policy. "
In turn predicted MP Ali Fayad said in an interview to the (long-Presse), that "the times ahead may provide a base for building a new economy by changing the currency and delete the zeros of some of them."
[millionday] NOTE -- AS IT SEEMS WITH THIS COMMENT -- THEY MUST BE UP TO SOMETHING OR WHY WOULD THEY BE TALKING ABOUT THEY CANT STEP IN AND STOP IT? -- HMMM
[millionday] Fayad confirmed that "This measure will give durability and strongly hopeful Iraqi currency," stressing the need to "subject to mechanisms and relevant experts in the field of banking and monetary aspects of the economy, and must be accurate so as not to affect the local economy."
For his part, former MP Abdul Xiaa Sudanese in an interview with the (long-Presse), said that "it is very important that the current government to delete the zeros from the currency," noting that "the previous government was not able to perform this operation, although it reached its final stages, but fell After that deteriorated the Iraqi currency in 2012. "
[millionday] NOTE -- SO IT IS VERY IMPORTANT TO MOVE FORWARD AS THE LAST GOVERNMENT FAILED -- AND IRAQ NEEDS THE CONFIDENCE IN THEIR CURRENCY
[millionday] SMILE >>>>He pointed out that the Sudanese "the deletion of zeros from the currency needs to stabilize the currency and this is currently available in Iraq."
[millionday] NOTE -- SO OBVIOUSLY THE CLUE HERE IS THAT THEY ARE READY OR WHAT WOULD BE THE PURPOSE OF THE STATEMENT
[millionday] Iraq is trying for years to attract foreign capital to develop its economy in the fields of industry, especially those related to oil, housing, and oil and gas extraction, and to his need of the funds needed for infrastructure development and reconstruction, but observers contend that the lack of interest of the state to the private sector and the absence of investment laws which guarantees large investors and the absence of Other laws are still obstacles to the development of the economy in the form required.
Depends Iraq, which has the fourth largest oil reserves in the world at 95 percent of its annual budget on its oil exports and currently produces about 2.0009 million barrels a day, while the issue up to 2.0002 million barrels a day.
[millionday] NOW THESE LAWS THAT INVESTORS ARE DISCUSSING HERE ARE FROM A STATEMENT MONTHS AGO AND THESE ARE THE LAWS THAT ARE IN PARLIAMENT FOR PASSING TO ENSURE EASY INVESTMENT AND LACK OF MAJOR RED TAPE ECT
millionday] SO OBVIOUSLY TO ME -- THE SUBJECT IS BEING DISCUSSED AS IF THEY ARE MAKING COMMENTS ON A DECISIONS THAT HAS BEEN MADE AND THAT THEY HAVE NO WAY OF INTERFERING --- THIS IS VERY ENCOURAGING TO ME
[mark54] Is Sunday a Dead line for them?
[millionday] mark54 A DEADLINE FOR WHO HUN?
[mark54] Iraq to accomplish their business
millionday] ABADI HAS A DEADLINE TO PRODUCE THE MINISTERS BY HIS WORD IN HAVING THEM IN A WEEK -- I HAVE SOME NEWS ON IT WE WILL LOOK AT
[buck] the basket of laws they want passed has been available but not voted on by parliament. which seems to imply we wait on the ministers or the kurds or both. what say you>>?????
[mark54] Good I mean
[millionday] THEY WERE ADJUSTING SOME OF THE LAWS THROUGH THE COMMITTEES AND NOW HAVE THEM READY FOR VOTE -- IS SUPPOSED TO BE MONDAY VOTE I BELIEVE OR TOMORROW
[millionday] THIS IS THE JO MORGAN CONFERENCE ECONOMIC OF COURSE IN LONDON -- THIS IS THE AGENDA OF THE SECOND DAY
[millionday] 12:20 Lunch 13:20 Nigeria:The New 800lb Gorilla in Africa Dapo Olagunju – Group Treasurer, Access Bank Kevin Daly – Portfolio Manager, Aberdeen Asset Management Adesegun Akin-Olugbade – Executive Director & General Counsel, African Finance Corporation Moderated by Giulia Pellegrini – Economist, Sub-Saharan Africa, J.P. Morgan
14:00 Middle East: Assessing the ISIS threat and implications Brahim Razgallah – Chief Economist - MENA, J.P. Morgan Marcel Kfoury – Credit Portfolio Manager, Bluecrest Capital Management LLP Gareth Stansfield – Professor of Middle East Politics, University of Exeter; Director, Institute of Arab and Islamic Studies; Director of Research, Strategy and Security Institute Moderated by Zafar Nazim, Head of CEEMEA Corporate Research, J.P. Morgan
[millionday] HERE WE GO
[millionday] Raised the Presidency of the Council of Representatives of Iraq, on Saturday, the session of the 17th legislative term of the first legislative year, the first parliamentary session, the first to the day after tomorrow, Monday, while meeting witnessed the swearing to a number of MPs and give confidence to the Minister of Commerce of the new, and host Deputy Prime Minister Saleh al-Mutlaq to discuss the issue of the displaced A parliamentary source said in an interview to the (long-Presse),
"The House of Representatives Speaker Salim al-Jubouri, lifting the parliamentary session of the 17th legislative term of the first legislative year of the first parliamentary session to be held on the third day after Monday."
[millionday] SWEARING MANY OF THE MINISTERS AND GIVING CONFIDENCE TO THE MINISTER OF COMMERCE
[millionday] "The session witnessed the swearing-in of MPs Joseph Sliwa captivity rather than Knight Joseph Jeju and just T instead Qassim Mohammed Abid and Mishan al-Jubouri, instead of Ahmed Abdullah al-Jubouri, and Muhammad Hamza al-Jar Allah instead of Hussain al-Shahristani and good Halboss Shammari Aedaoua in the Council and Mlas Abdul Karim and trade minister. "
The source continued that "the meeting saw the host Deputy Prime Minister Saleh al-Mutlaq and discuss the issue of displaced people within the country and the obstacles they face and Indemnity million dinars for them."
The Iraqi Council of Representatives held on Saturday, its 17th legislative term of the first legislative year, the first of the third parliamentary session under the chairmanship of its President Saleem al-Jubouri and the presence of 214 deputies, while The agenda of the meeting is sworn in for new MPs and host Deputy Prime Minister Saleh al-Mutlaq on displaced people in the country .
[millionday] NOTE -- THE DISPLACED ARE TO BE HELPED WITH FUNDING FROM THIS BUDGET ALONG WITH STAFF OF KURDS AND TROOPS --
[millionday] It is noteworthy that the organization (Daash) may impose its control over the city of Mosul, the center of the province of Nineveh, (405 km north of Baghdad), in (the tenth of June 2014), and the committing "atrocities" against its people, especially minorities like Christians, Shabak and others, and the destruction of a lot of cultural and religious sites, Muslim and Christian, to dominate after the city of Tikrit, and parts of Diyala province, which led to the displacement of a large wave off the Kurdistan region
[millionday] NOTE -- THE KURDS HAVE MOVED TONIGHT INTO SYRIA FIGHTING THE ISIS GROUP -- AND SUCCESS IS ALL OVER THE PLACE IN MANY CITIES AND THEIR RETURN
[millionday] MANY OUT OF FEAR HAVE MOVED TO FRANCE TEMPORARILY
[millionday] BRB WITH MORE
[millionday] WE WERE INTERUPTED WITH THE AGENDA I WAS SHOWING YOU BEFORE WITH JP MORGAN
[millionday] HERE IS WHAT IT IS
[millionday] Asia & CEEMEA Emerging Markets Corporate Credit Conference Sep 23 - 24, 2014 London, UK J.P. Morgan, 25 Bank Street Canary Wharf, E14 5JP