Millionday News 12/20/14 Part 1
Welcome to dinarupdates.com for news time with Millionday!
Millionday: NOTE FIRST ONE IS A WHOPPER AND NEEDS TO HAVE EVERY WORD READ -- SMILE
Millionday: in the transformation requirements of a market economy as stipulated in the Constitution and in line with the government program, specialists and concerned calls for the application of the privatization policy has increased what contributes to the achievement of economic reform in the country.
Millionday: NOTE -- THE APPLICATION OF THE PRIVATIZATION OF IRAQ HAS PREPARED IRAQ FOR A MARKET ECONOMY -- NICE
Millionday: privatization policy adopted by some developing countries privatization policy key to factors such as funding problems resulting from the achievement of the trade deficit in the balance of payments and public budgets,
where some of the public sector units turned to the private sector, especially as it (privatization) containing the radical changes in the approach to the political, economic and social state,
led to a change in behavior and production units and services. Chairman Businessmen Union Reza Ragheb Blibl said "morning" in this regard that in the orientation of the private sector that have an important role in shaping economic policy and move toward a market economy
Millionday: NOTE -- THE PRIVATE SECTOR IS THE HEART OF ALL COUNTRIES (MARKET ECONOMIES) ECONOMY AND ALSO THE GROWTH DUE TO THE WORK DONE BY THE BUSINESS MEN AND WOMEN AND THE LABOR FORCE
Millionday: it is a subject of interest after the change process. surplus labor and pointed Blibl that privatization must be built on the basis of successful without following the swift measures caused problems in the community, and taking into consideration the surplus labor for projects metamorphic,
especially that of the private sector works in accordance with the economic feasibility and the extent of the project's success, he says.
He believed that privatization is developing the economy in the country where contribute to increasing growth rates in GDP and keep up with global technology, stressing the need to develop controls for the transformation process,
Millionday: NOTE - THE PRIVATE SECTOR OF COURSE RAISES THE GDP AND ALSO INCLUDES THE ADVANCEMENTS BY THE SEPERATE COMPANIES THAT ARE COMPETITIVE AND OF COURSE BRING IN TECHNOLOGY DUE TO THAT FACT
Millionday: the most important of the sold projects or factories for the professionals and not commercially. He Blibl importance of forming a committee to draft and taught accurately and integrated, in order to qualify for work, production and development lines
and make it according to the mechanics certified objectively, noting that the methods followed in the process of transformation in the countries of the world is done by the economic feasibility study of the transformation or privatization,
so as to achieve a breakthrough in GDP, as well as the provision of market needs and operation of labor.
Millionday: SO THIS IS SAYING THAT THE LICENSING HELPS TO BALANCE THE NEEDS OF THE COUNTRY AND ITS % OF GDP IN DIFFERENT AREAS OF THE MARKET AS THE COUNTRY WOULD BE UNDER SUPPLY AND DEMAND AT THAT POINT DUE TO THAT IS WHAT A MARKET ECONOMY IS –
SO THIS IS OF COURSE GREAT NEWS AND JUST THE POINTS BEING MADE ALONE ARE GOOD NEWS BY THEMSELVES
Millionday: BRB WITH MORE
Millionday: NOTE -- BASRA AND DUBAI
Millionday: Yasser incumbent twinning cities New Term taking Mdyate during this period of time through bilateral agreements between the two cities to deepen the bonds of economic and cultural cooperation, and the exchange of knowledge,
and prefer this twinning between similar Awalmottagarbh cities in terrain and biodiversity as possible from the transfer of the cultural fabric between them.
Perhaps what According to the theories of urban development in the economic literature of assertions on the importance of the existence of attraction for the concentration and resettlement of communities and the creation of cities, this theory can be applied in the fields of twinning cities and reverse concepts where factors.
Millionday: NOTE -- THEY EXPECT A LOT FROM BASRA AND THE ECONOMIC CAPITAL THEY EXPECT TO RAISE
Millionday: eight results visit Abadi to the UAE and the success of a catalyst and catalyst extra to adopt the Dubai experience and reversed in Basra, and as long as Iraq looking for investors for the reconstruction Those golden opportunity to lure the experiences and UAE companies to copy their experience reconstruction in Basra,
and depends on the extent of visual movement to invest in this new trend in the expected between the two countries economic relations.
The stage faced by Iraq led to the reduction of the budget, especially investment allocations which encourages us to move toward direct investment while crossing the crisis.
Millionday: NOTE -- THIS IS THE SIMLIARITIES -- SMILE
Millionday: Just as Dubai became the capital of Economy and Trade and tourism, the Basra possible to be so for the possession of qualifications, then it was a historic trade route linking East and West, the world is counting on the return of this role her.
required to initiate the infrastructure needed projects, we believe that the responsibility for achieving this goal is the responsibility of the local government and its citizens in the climate create appropriate in the possibility of twinning.
Millionday: SO AS WE SEE HERE THEY ARE EXPECTING A LOT FROM BASRA AND ARE EXPECTING THE LINKING OF THE MIDDLE EAST AND THE WEST TO COME FROM THIS MAJOR ECONOMIC HUB AND CAPITAL TO BE SHOWN AS HUGE IN TRADE AND ALSO THE TRANSFORMATION EXPECTED FROM IRAQ
Millionday: NOT -- TO MINIMIZE WHAT WILL BE COMING FROM THE COUNTRY ITSELF BUT AS WE SEE THEY HAVE HUGE PLANS FOR BASRA AND THAT WOULD BE A GREAT THING TO KNOW IF YOU WERE A RESIDENT –
PRICES HIGH -- BUSINESS GROWING -- AND INVESTORS FLOCKING -- NOT BAD IF THAT IS HOW THIS TURNS OUT AS PLANNED
MGM Millionday: When they talk about twinning is that like "sister cities"
Millionday: YES THEY ARE EXPECTING TO CREATE BASRA TO BE A SISTER CITY IN ITS FORMATION AND ALL OF THE GOALS AND EXPECTATIONS AS THEY HAD FOR DUBAI -- JUST A TERM OF EXPLANATION
mrref1216: Any ink on why CBI is thinking about borrowing 5 Billion from the IMF
Millionday: THE WAY I UNDERSTAND IT IS SO THEY CAN BEGIN THE PROJECTS AS THEY HAVE PLANNED DUE TO THE HUGE RETURN THEY ARE EXPECTING FROM TOURISM AND IT SLOWS THE WAIT FOR FUNDING IN ORDER TO TURN AROUND AND INVEST THOSE RETURNS --
Papatom: when I think dubai, I see the massive wealth display. so that gives me an impression of Basra's future. do you think the plans are for it to rival babylon which was described as having all the technology etc there...
Millionday: I THINK WE HAVE SEEN HUGE HUGE PLANS FOR BABYLON AND THE ECONOMIC PLANS AND ALSO THE TOURISM RETURNED ETC ARE ALL PART OF THE RETURN OF IRAQ BY ALL THAT I HAVE BEEN READING -- VERY EXCITING
Millionday: IT IS HARD FOR SOME TO REALIZE THE HUGE AMOUNT OF TOURISM THEY ARE TALKING ABOUT -- IT IS TO BE A LARGE % OF THE GDP AND HAS THE POSSIBILITY OF JUST THAT –
IRAQ HAS BIBLICAL HISTORY THAT BRINGS IN PEOPLE FROM ALL WALKS OF LIFE AND NOT TO SAY MAKING MONEY OFF IT IS A BIG HURRAY BUT IT IS IMPOSSIBLE NOT TO WITH PEOPLE ARRIVING IN OUR ECONOMIC WORLD –
SO THIS IS VERY PLANNED AND SHOULD BE AT SOME POINT A PLACE MOST SHOULD GO IN MOST PEOPLE`S OPINIONS –
THERE ARE MANY PEOPLE EXCITED ABOUT THE RETURN OF THE TOURISM MARKET THERE AND PLACE FAITH AS THEIR PROTECTION AS WELL SO -- VERY BIG FOR THEIR GDP AND ALSO THEIR RETURN
Millionday: OK BRB WITH MORE
Millionday: HERE WE GO WITH THE IMF LOAN REPORT
Millionday: Parliamentary Finance Committee revealed that the central bank pressed further "rationalization of expenditures," before heading to external borrowing,
which the Iraqi government intends to resort to him in the amount of $ 5 billion from the International Monetary Fund.
Millionday: He said the Commission's decision, MP Ahmed Rashid flesh, that "the government intends to address the large proportion of the deficit, due to lower oil prices, through the use of internal and external borrowing,
as well as increase the combined oil production while reducing overhead," he said, adding that "the government has conducted four amendments to the draft general budget to reduce the size of public expenditures, which amounted to the latest draft 148.274 trillion dinars.
Millionday: He explained that "the overall size of the operational expenses amounted to 103.370 trillion, while capital expenditures amounted to 44.904 trillion, while arrived budget deficit to 36.428 trillion dinars,"
pointing out that "the Iraqi oil is sold,, with 53 dollars per barrel and perhaps this level of prices is one of the the real reasons that prompted the government to not to discuss the budget on Thursday,
adding to pressure the Iraqi Central Bank need to address the deficit before resorting to external borrowing.
Millionday: SO ACCORDING TO THIS -- THEY ARE TRYING TO AVOID THE LOAN BUT MAY HAVE TO DO IT ANYWAY –
THEY HAVE BEEN IN TALKS WITH THE FINANCE COMMITTEE TO ENTER THE PRICE OF OIL AT 50$ SO NO SURPRISES COME UP AND THIS MAY BE SMART -- ABOVE IS GREAT AND BELOW IS UNLIKELY -- MAKES SENSE
Millionday: END OF REPORT -- BUT REMEMBER THIS IS NOT AN ACTION REPORT -- JUST DISCUSSIONS
awesomedtl: was there a concern while ago about the budget being in " dinars" and in the trillions??
awesomedtl: and they are predicting oil to continue to drop so this is going to be an elusive budget again?
Millionday: AWESOME ALL FIGURES ARE AT A RATE OF 1166 AND THE VLAUES ARE ALL DONE WITH 3 ZEROS IN COUNTRY UNTIL THERE IS ANY CHANGE CONCERNING THAT –
IT WILL BE DONE WITH DATA ENTRY IF A CHANGE OCCURS AND ALL FIGURES WILL REFLECT THAT CHANGE AT ONCE AS IN ANY ADJUSTMNET OF VALUES IN RATES
Millionday: MAKE SENSE HUN?
awesomedtl: yes ty what about the oil keep dropping they arent ahead of the curve?!!!lol
Millionday: THEY CAN STATE THE PRICE OF THE OIL DUE TO THE FACT THAT OIL IS SOLD ON THE MARKET IN US DOLLARS –
THEY HAVE CREATED 4 SEPERATE BUDGETS AND ONE IS WITH OIL AT 50$ A BARREL IN CASE OF A FALL IN PRICING HOWEVER THEY ARE ALSO MAKING ALLOWANCES FOR RAISES IN OTHER MARKETS- FOR INSTANCE
Millionday: THEY HAVE STATED MONTHS AND MAYBE EVEN OVER A YEAR AGO THEY WERE GOING TO ADD IN ELECTRICAL AND WATER DEVELOPMENT DUE TO THE NEED THEY HAVE FOR IT IN AGRICULTURE –
SO THEY ARE DOING SOME CLEVOR THINGS WITH THE BUDGET AS THEY ARE AS A COMMITTEE WORKING ON IT
quicktolegit96: You may have answered, but by them getting this loan, will it push them even quicker for MR? ty in advance!
Millionday: QUICK NOW THAT IS A NEW WAY TO TRY TO GET A TIMELINE –
I DONT THINK IT WILL HAVE ANYTHING TO DO WITH PUSHING THE TIMELINE HOWEVER FOR THE MR
soapamine: So of i understand this right, the rate they calculate it at doesnt matter as much to us because it can be changed at any time with data entry? they can calculate it at one rate and change to another later on with no problem?
Millionday: THEY CANT JUST IMPOSE A RATE WITH THE ENTRY TO THE GLOBAL ORGANIZATIONS OF TRADE ONE BEING THE WTO IN THE NEAR FUTURE
BECAUSE IT HAS TO BE AN ACTUAL (REALITY) RATE OF VALUE FOR THE DINAR BUT THEY CAN SWITCH IT TO BE MARKET DRIVEN IF IT IS NOT
AND MAKE ADJUSTMENTS WITH THE UN OPERATIONAL RATES AS WELL IF THEY ARE TRUE VALUES ---
THE GLOBAL ECONOMIC SYSTEM HAS LAWS AND COMPLIANCES THEY MUST ABIDE BY IN ORDER TO BE ABLE TO TAKE PART IN TRADE FAIRLY
Comments may be made at the end of Part 2 Thank You