Millionday News 11/08/14 Part 1
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Millionday: WELCOME TO NEWSTIME
Millionday: OK HERE WE GO EVERYONE -- SMILE
Millionday: The head of the Securities Commission Abdul cyanosis Saadi, Saturday, that the economic conditions more impact than the security conditions on the citizen, revealed that while a new system to enter the trading process in Iraq Stock Exchange.
He said al-Saadi's "Tomorrow's Press," "The security conditions do not greatly affect the Iraqis are more than economic conditions, delayed budget and low oil prices, all of these indicators are worrisome deterioration of the Iraqi economy if it does not find a suitable solutions."
Millionday: NOTE -- THEY ARE SAYING THE GREATEST IMPACT TO THE CITIZENS WOULD BE THE FLOW OF FUNDS
Millionday: "The recent security conditions are not directly affected by the trading operations in the Iraq Stock Exchange with evidence that index trading operations in all its aspects in mounting either low Asar stocks and height at different times can not measure it in general on the work of the securities market."
He said al-Saadi "The Securities and Market Iraq Securities Commission seeking dramatically in order to find the best opportunities for investors in the securities market by providing sophisticated and modern atmosphere of the world and keep pace,
pointing out that since the beginning of last Sunday began to work effectively in the securities market and the system of electronic talk and sophisticated
Millionday: NOTE -- THIS PAST SUNDAY THEY STARTED WORKING ON THE ISX -- THERE IS NO WAY TO TELL HOW SUCCESSFUL THE ISX IS AT THIS POINT UNTIL INVESTORS AND THE WORLD TAKES PART
Millionday: He said al-Saadi said, "and before about five years was Iraq Stock Exchange operates electronic trading Horizon system and since Sunday we started working the new electronic trading system,
X-stream being more electronic trading systems advanced in the world as well as being a high flexibility and performance of advanced and meets the needs of the market growing.
And back to work in the stock market in Iraq to the early nineties of the last century, and was dubbed the Baghdad Stock Exchange, which was run by the Iraqi Ministry of Finance at the time the name,
and after 2003 the Iraqi Stock Exchange closed but she returned and opened its doors again after the issuance of Law 74 for the year 2004 under the market name Iraq Stock Exchange, and run by the Securities Commission.
Millionday: SO AS WE SEE THEY ARE WORKING ON THE X-STREAM AND ALL OF ITS UPGRADES ETC -- GREAT NEWS - SMILE
Millionday: BRB WITH MORE
Millionday: HERE WE GO WITH ESX INFO
Millionday: Predicted Iraq Securities Commission, on Friday, the company directly "market Arbil Securities" working end of the current year 2014, attributed the delay to the lack of contribution in the Kurdistan region companies, while confirming its quest to open a stock exchange in the province of Basra.
The head of the body, Abdul Razzaq al-Saadi, said in an interview to the (long-Presse), "The Securities Commission and the Iraqi market for securities, support the establishment of Erbil Stock Exchange to enhance the investment service of the national economy,"
noting that "the market Arbil Securities is preparing to start trading After modifying the Iraq Stock Exchange system, electronic trading of Horizon to the X-stream,
which is the most advanced in the world system, as well as enjoy its high flexibility to meet the growing needs of the market. "
Millionday: NOTE -- THEY TOO ARE IN THE MIDDLE OF WORKING ON THE ESX TO START TRADING
Millionday: NOTE -- BY THE END OF 2014
Millionday: He Saadi, expressed the hope that "the complexity of one direct one or more of the markets session, during the next few days, the real beginning of the work of the North Gate to invest in Iraq,"
noting that "the Commission aims to establish another stock market in Basra, the southern gate of the investment."
The President of the Iraq Securities Commission, that "the launch of Erbil Stock Exchange should have started work since last August, but was delayed due to lack of companies accept the insertion where, because the majority of family law does not allow it,"
pointing out that "the Securities and Market Authority Iraq Stock Exchange, seeking to convert a number of family companies in the Kurdistan region to facilitate the contribution to be included in the market, as well as a number of banks operating in the region. "
Millionday: NOTE -- THEY DID NOT HIT AUGUST BECAUSE THEY DID NOT HAVE ENOUGH COMPANIES IN THE ESX
Millionday: NOTE -- THEY HAVE BEEN WORKING TOWARD INTERTWIMING TO HELP BOTH MARKETS AND MAKE MORE OF AN IMPACT
Millionday: And became head of the Kurdistan attract capital and investors in the Middle East Center, where accept the business opportunities available in various sectors to take advantage of the privileges granted by the Government of the Territory under the law, which prepared for it.
Millionday: It is noteworthy that the investment in the Kurdistan region, confirmed in (23 September 2014), the 716 local or Arab company or a foreign invested in the region nearly $ 41 billion currently,
indicating that the delay in adoption of the state budget, security and political developments have affected the implementation of projects of these companies because of the departure of a significant proportion of foreign workers that depend on them,
while the view of the investor, the investment law in the territory in which the situation in 2006 need to be developed, and revealed Financial and Economic Committee in Kurdistan Parliament, for its proposal amending the law about achieving a balance between the investor and the citizen.
Millionday: SO AS WE SEE THE HOLDUP HAS BEEN FUNDS FOR PROJECTS AND THE LACK OF CONTRACTORS THAT STAYED -- THE FUNDS WERE DEPENDED ON OBVIOUSLY
coco1: So have we gone full circle the reason for the lack of funds is the lack of money in the banks?
coco1: I mean a reality rate?
Millionday: IM SORRY COULD YOU REPHRASE
coco1: The two exchanges are delayed by a lack of funds. Could we have gone full circle, the lack of funds is because their currency has not RI/RV'd?
Millionday: THE LACK OF FUNDS WOULD BE THE LACK OF BUDGET THAT ENTITLES THE TRANSFER OF FUNDS TO PROVINCES TO AFFORD THEIR PROJECTS AND PAY PEOPLE –
THE DISBURSEMENTS HAVE NOT BEEN DONE BECAUSE CBI WILL NOT SEND MONEY TO PROVINCES WITHOUT A BUDGET
coco1: I see, so these are funds they already have.
Millionday: NO THE LACK OF COMPANIES TO INVEST LESSENED IN KURDISTAN IS DUE TO THE MANY PEOPLE THAT HAVE LEFT BECAUSE THE MONEY WAS NOT SENT FOR THEIR PROJECT
Millionday: YES THE MONEY IS IN CBI TO BUDGET AND SEND TO PROVINCES AS THE BUDGET LAW WILL READ -- OR HOWEVER THEY HAVE TO FUND THE PROJECTS
coco1: I see. This is really helpful. Thanks
Millionday: K BRB WITH MORE
Millionday: revealed the Ministry of Labour and Social Affairs, on Tuesday, of its intention to grant licenses for the private sector to open offices for the operation of foreign labor,
stressing that there are more than 65 000 foreign workers working in Iraq without a license.
The general director of the operating department and loans Riad Hassan for "tomorrow's Press," that "the ministry with the laws and regulations under which the grant license entry of foreign Iraq labor to work in various sectors,
and for the increase in the volume of work fields of investment and domestic companies and other sectors, the ministry felt that considering the possibility of opening offices run foreign labor is managed by the private sector to get a license by the ministry. "
Millionday: NOTE -- THEY ARE GOING TO BEGIN REGISTERING LICENSING AND THE FOREIGN ENTRY OF WORKERS -- THIS WILL INCLUDE THE VISAS FOR ENTERING
Millionday: Hassan added that "that the license be accompanied by a number of conditions and mechanisms that regulate the entry and distribution of foreign workers in Iraq, so that they can not be affected by the weakening of the local employment opportunities."
He continued that "the Ministry's data on arrivals to the country from foreign employment in cooperation with the relevant authorities in the Ministry of the Interior,
so we are now seeking to transform that data into the electronic system sophisticated mission document and a statement of employees in Iraq ratios, whether they are local or foreign."
Millionday: NOTE -- THEY ARE GOING TO SET QUOTAS TO CONTROL THE LOSS OF JOBS SO LOCAL WORKERS CAN ALSO WORK -- WE CALL THIS HUGE PROGRESS COMING
Millionday: He pointed out that "the reason behind it may not see the government back and specifically the Ministry of Labour real preparing for these to avoid a Msalthm from the application of the law of the Iraqi state, the need for fairness in the numbers of employees,
where the decision to 80 for the year 2013 makes it imperative to run national employment by 50 percent in any investment project or sector special. "
Issued and the General Secretariat of the Council of Ministers Resolution No. 80 of 2013 stipulates that the foreign companies investing in the country to review the ministry to register the names of workers in the lists of the retirement and social security department to ensure the rights of local and counting them foreign counterparts.
Millionday: SO THEY HAVE IN PLACE THE LAW TO REQUIRE THE REGISTRY -- THEY ARE JUST GOING TO ENFORCE IT AT THIS TIME
Millionday: NOTE -- THEY WILL BE OPENING LOCAL PROVINCIAL OFFICES
Millionday: OK BRB WITH MORE
Millionday: President Obama has authorized the deployment of an additional 1,500 American troops to Iraq in the coming months, doubling the number of Americans meant to train and advise Iraqi and Kurdish forces.
The trainers and advisers are to help Iraqis and Kurds as they plan a major offensive expected next spring against Islamic State fighters who have poured into Iraq from Syria.
Millionday: During a conference call with reporters, senior administration officials denied that Mr. Obama waited until after the elections to announce the deployment so as not to alarm an already skittish electorate.
“It’s being done now, quite frankly, because the Iraqis have demonstrated the willingness and the will to go after ISIL,” Admiral Kirby told reporters after the call,
using another name for the Islamic State. Iraqi forces, he said, have “reached the point where they need additional help and guidance.”
Admiral Kirby said that Iraq’s new prime minister, Haider al-Abadi, had requested the help. “There was no political angle to the timing here,” he sa
Millionday: SO WE ARE SENDING TRAINERS TO IRAQ AND MORE MILITARY HELP -- THE NUMBERS WILL DOUBLE AND THE TOTAL IS 1500--1800
Millionday: HERE IS SOME MORE
Millionday: An airstrike by the US-led Coalition resulted in killing 50 ISIL terrorists including Abu Alaa al-Asri, the assistant of the head of the ISIL terrorist Organization Abu Bakir al-Baghdadi, in Rumana area in Anbar next to Syria.
Millionday: WE CALL THAT SOME SUCCESS
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