Millionday Saturday Night News PeopleInvested Chat:
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[millionday] Said economists that the shift towards the economy balanced and diversified and stay away as much as possible about the economy rentier requires creating investment environment by issuing legislation that allows flexibility for investors, noting the conversations of how to pay attention to economic sectors, particularly tourism. said an economic expert at the Ministry of Industry and Minerals Dr. Sana Shamsuddin The Iraqi economy needs to leaps major development for a period of many years for transformation of economy approach rentier unilateral, which depends on oil, about the economy balanced with base sober and varied to achieve sustainable development.
[millionday] note -- i will summarize at end
[millionday] creating a suitable environment for investment and added that this requires creating an environment appropriate for investment, and the issuance of legal regulations and legislation that allows some flexibility for investors and give them the required privileges to rebuild the infrastructure destroyed and revive the national economy, as well as a focus on manufacturing in industries with competitive advantage and work on the development of laboratories and height energies productivity Kalsnaat petrochemical and fertilizer industry and sulfur and iron and steel products Geological Survey, and the exploitation of gas associated with oil and stop wasting it and use products formed him as a raw material in industries petrochemical and fertilizer industry.
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[millionday] showed that it is also important to develop the banking sector and raise the efficiency of investment in it and attract the maximum amount of domestic savings and foreign investment, as well as providing the requirements establishment of e-government project because of its role in the revitalization of the Iraqi economy and facilitate transactions quickly and sophisticated, and make way for other service sectors to invest in. telecommunications, transport, ports and others. greater attention to the tourism sector and stressed the importance of giving more attention to the tourism sector, which it described as Iraq's oil renewed and wealth is depleted and is prone to obsolescence, but otherwise another natural resources, and the factors that attract tourism can not be wiped out but renewed over time, which makes it imperative to give this sector the importance it deserves.
[millionday] note -- they are talking about adding formal resources that are developed to raise the value and wealth of iraq as a whole and for investors
[millionday] confirmed that it is linked to interest the private sector, as it is the sector important tributary of the renaissance of economic for a number of important sectors, including the tourism sector, for it contributes effectively to absorb unemployment through projects of different areas of work provided by, when was supported required to achieve success in his duties. formation of economic reform as an economist Ahmed Ibrahim The path that it states experiments similar to the experience of Iraq's political and economic policies of economic reform may vary from one country to another, according to their own circumstances and variables taking place and are governed mostly course of events that occur around them, but it may be similar in many respects, including the transformation of many developing countries from a planned economy of the state towards the free market economy or market economy,
[millionday] note -- calling for the activation and placement of investment laws and regulations as it has been done in other countries that are in this position of moving to a market economy
[millionday] now this gets interesting
[millionday] which includes a number of pros and none of the negatives, but the reality brings us back always to the box pessimism first because the current economic situation we are seeing with our own eyes walking towards consumption pattern purely by virtue of the lifting of restrictions on foreign trade, with the decline levels of domestic production that came out of the equation with imported goods. added that he was of opinion abstract sets of policy priorities of reform, the expansion of investment operations to attract foreign investors to Iraq under the terms established by the specialists in this regard to tip the pros have said it many negatives that are almost (nil), by investing in the oil sector and sectors that rely on oil to achieve financial surpluses large can employ to do economic reforms desired.
[millionday] note -- the economist just said they are watching with their own eyes the lifting of restrictions to do foriegn trrade
[millionday] pointed out that the policies of economic reform before doing several tasks including activating means leading to mitigate the problems of the economy National, and search for the best formulas realistic to put the Iraqi economy in the way of development proper and correct according to its potentials and their capabilities, in order to achieve economic growth target and improve production levels and provide equal employment opportunities for all, as well as establishing investment programs intense for exploitation ideal for all the benefits available to diversify reform Economic. Structural imbalances in the budget and added that it is necessary to address the imbalance in the general budget, reflecting the budget deficit public nature of the structural imbalances suffered by the Iraqi economy, within the framework of the process of correcting a comprehensive national economy,
[millionday] note -- meaning --- it is time to activate the economic reform so everything else is successful
[millionday] aims to bring about diversification required in the structure of the national economy in reducing Reliability on the oil sector as a sector head and only funded financial budget for the country, as well as accelerate the adoption of privatization programs and give a greater role to the private sector in the process of economic reform, along with other issues we can not addressed in this quick. explained that the importance of passing a law establishing the Council of Economic Reform lies in his draw economic policy of the country, and to develop plans for the development of vital sectors different, as the policy of the current economic unclear and I wish there a competent authority you select functions and administered properly,
[millionday] he is talking about the fear of not having everything done and not having monitoring in place with the activation
[millionday] it often arises this question is whether the Ministry of Finance or Planning or the Economic Committee in Council of Ministers is responsible parties reported. emphasized that the essence of the claims made here and there, both from within the House of Representatives or of the government or of professionals and academics need to establish a special council for economic reform of the importance of its role in economic policy and determine directions, as well as to support investment and stimulate the private sector in the country through the development of strategic development plans, which requires the adoption of this
[millionday] so he is saying that the trust that just the gov will monitor and make sure this is successful may not be the right way to go --- he is wanting a committee in place to watch the economic reform and its success and also to develop the other resources to put in on the budget ect
[millionday] sounds like he is talking in the present need ---
[millionday] brb with more
[millionday] Discussed the political offices of the PUK and the Kurdistan Democratic Party during their meeting on Saturday, under the auspices of the President of Kurdistan, Massoud Barzani, a number of important points under the current political situation in Iraq and the region. According to a statement issued by the meeting received (News Agency) a copy of: the first theme discussed, the visit of the President of Kurdistan to a number of European countries and his meetings during his visit with politicians and officials in those States, and described the meeting as positive and useful visit to Kurdistan and support experience
[millionday] It added: the second axis, the visit of a delegation of the political Bureau of the PUK to the Islamic Republic of Iran and his meetings with officials in Iran and talks on issues of common concern in the region, Iraq and Kurdistan, in particular the successive crises in Iraq and the dangers to the region and Iraq and Kurdistan. The statement added: the third theme discussed the results of the joint delegation to visit political offices headed by nechirvan Barzani and Barham Ahmed Saleh, the three opposition parties and talk with them about points that has been circulating in the President's meeting with opposition leaders, which is expected to be opposition parties learned opinion on those points
[millionday] The statement said: the fourth axis ensure discuss extensively about the Iraqi National Alliance note from Kurdistan, political forces and with the delay reply for a long time and there are many fundamental observations, the meeting felt better drafting of position and adequate response, after the meeting of the President with the parties involved in the preparation of the memorandum, from our Alliance and common struggle between the two sides and rid Iraq of this unfolding crisis, edit the political process of the stalemate as a result of the lack of commitment of the Federal Government by the Constitution and the agreements Signed by the political parties.
[millionday] this is the under statement of the year
[millionday] The statement pointed out: to: the fifth theme was discussed thoroughly about undesirable conditions, in Kirkuk and Kurdish areas outside the region in General, and of taking inter wrong decisions and not well thought out by the Federal Government, such as formed the so-called Tigris operations command and the impact of these processes on the creation of a security vacuum in Kirkuk province and the city in particular and the infiltration of terrorists and possible damage to citizens and activists in Kirkuk and other cities and, and decides to prepare guidance and instructions on crisis How to deal with terrorists by special committees and deal with existing problems and support institutions, in order to preserve the life and property of the inhabitants of these areas, the meeting also decided to make a close follow-up of the situation in Iraq and the Kurdish regions outside the territory and ready for any emergency
[millionday] note -- the terrorism law would help alot in this area
[millionday] just saying
[millionday] The statement said: the sixth axis, discussed the continuing demonstrations and sit-ins to Sunni cities and people in Iraq and its implications for the future of the country, the meeting reiterated its support for the legitimate and constitutional demands of the protesters, and the values at the same time the risks the continuation of these events was not responding to the demands of the protesters by the Federal Government is one of the Chief factors continuing, as was the risk of infiltration of some parties hostile to the political process in Iraq and to build a democratic, federal Iraq into turmoil with new methods and techniques and guidance Dangerous blows to the overall gains, if possible, so that this issue is worthy of discussion and stop him from all sides, to take responsible decisions about next to other problems in Iraq, as well as between Kurdistan and Baghdad
[millionday] i brought this because it helps sometimes to look outside of the iraqi news to see what others are saying and this was a speech by pres barzani complaining
[millionday] so the issue is that still the demands of the citizens has not been met and they are still demanding and still protecting
[millionday] so obviously this is not what the many many letters have demanded from kobler ect
[millionday] however we do have that there has been a move on the petro dollars today -- brb with that
[millionday] this is the meeting that is to get everything ready for the basket for monday vote
[millionday] .The Iraqi list pawned their survival in the Government and Parliament will reach the five-year parliamentary Committee meetings that it is hoped that there will be a meeting this afternoon. The Iraqi leadership said Mullah Haider in an interview with (News Agency) Saturday: the five-Member Committee will meet this afternoon to put the touches on important laws such as the law of accountability and justice and resolution 88 and 76 and then if this afternoon off these files will start to work on the resolution of the amnesty law.
[millionday] Mulla said: that Iraq will announce to all parties participating in the meeting of five if "we get to satisfy protesters in those ends, we will declare her" there is no reason for our existence as Government Ministers and members of Parliament. And the governorates of Anbar, Ninewa and Salah al-Din, Kirkuk, Diyala and parts of Baghdad since (25 December 2012) mass protests attended by religious scholars and tribal leaders and local officials to demand the release of prisoners and innocent detainees and prosecuting violators of "Symptoms of female prisoners as well as change the course of Government
[millionday] so the plan is to have this all ready and they were to meet our tomorrow to get it all ready
[millionday] we shall see -- would be nice if it all was voted through at once as we have thought it would be -- monday would be a great day of progress
[millionday] brb with more
[millionday] see here is another reference of how they are doing this
[millionday] Faleh Sari, the legitimate demands of the protesters accessed one basket as amending the law of the accountability and Justice Commission. In a statement, "said Sari (News Agency): the Government was endeavouring to implement the demands of the protesters from all provinces, indicating that the legitimate demands of the piece and recognizes one package kakrar the Amnesty Act and amend the accountability and Justice Commission. National MP pointed out that there are people in the protests in recent days, demonstrations that are illegal where participants such as Al-Qaeda, referring to indications that the legitimate demands are geared towards illegal.
[millionday] pressure >>>>>>> This recent wave of demonstrations held in some provinces the Government and Parliament which found themselves before the unprecedented confrontation, especially as the protesters begin to sit-ins to force the Government to meet their demands
[millionday] brb with more
[millionday] and also -- as we saw in this -- the one basket reference again -- so they seem to be preparing to have it all in one basket for monday --- and through the week -- because we know they dont hurry on anything ---
[millionday] however they are working to have the important laws prepraed so not bad
[millionday] brb with more
[millionday] maliki has called to have the petrp dollars increased to meet the demands
[millionday] Said Hussein Assadi during a press conference held at the parliament building and attended (range Press), said that "90% of Iraq's imports come from the province of Basra where environmental pollution due to burning of oil derivatives where," and urged to "increase its share of the project petro-dollars from one dollar for every barrel oil to five dollars. And called al-Asadi of the political blocs "not to vote on the current year's budget law 2013, until demands are met."
[millionday] the demand was to raise it to five dollars and that is what he is calling for so sounds like a hustle to get it voted through
[millionday] remember this as well
[millionday] The U.S. Mission in Iraq, through the United States Agency for International Development’s (USAID) Financial Development Project, is working with the Iraqi banking industry to help banks improve best practices. The U.S. Mission invited seven banks from across Iraq for the January 21-28 launch of the first in a series of 20 training seminars in support of the Iraqi banking and financial services sector. Representatives of Ashur Bank, who participated in the training this week, said, “Credit and finance instruments are new in Iraq. This training provided us with both technical information and practical skills to understand how we can expand our business in this area.” USAID Iraq Mission Director Thomas Staal stated, “We are excited about this training for the banking sector. It is part of our effort to help Iraq’s banking system modernize and become accessible to more Iraqi citizens.
[millionday] they have said today that this is what is continuing
[millionday] In addition to conducting this series of banking and financial services training seminars, the Financial Development Project, together with international donors, is seeking to establish a “Banking and Finance Academy” in Iraq. Such an academy would provide long-term, sustainable support to enhance the capability of the local banking system and establish a modern, well-functioning banking sector to serve as a foundation for Iraq’s growing economy. USAID’s Financial Development Project is an important element of the U.S.-Iraq engagement under the Strategic Framework Agreement. The project supports a more vibrant Iraqi banking sector that will increase economic opportunity and prosperity for all the people of Iraq.
[millionday] now that would be a great job to report from
[millionday] parliament worked today and moved everything on the table to monday due to lack of quorum
[millionday] here is another comment on the reason behind the demand put out by cbi yesterday concerning the sale of hard currency for the extension
[millionday] they seem to be having a formal session on monday and do have to come to that
[millionday] Finance Committee National Alliance MP Amin Hadi Abbas, the central bank to ease procedures for the sale of hard currency for companies to mediate to stop the monopoly of some companies on the procurement process. Abbas said (of the Agency news): There are companies still in control of the process of buying hard currency from the central bank because of the restrictions placed by the bank management to mediate companies increase their capital. He added: that the central bank demands to facilitate the procedures for the sale of hard currency and indivisible capital increase process for companies to mediate so that there are no practical monopoly by some companies and banks as it was in the previous Directors of the Central Bank.
[millionday] as we know we have seen up close ourselves -- the monopoly of companies never will work in a society that must have working class ect and a healthy private sector -- especially during this type of change in their economic reform
[millionday] going to a market economy requires suppy and demand -- that is what it means so -- obviously we should be seeing reports such as this
[millionday] i am going to look at this other source and see if i see anything else from today --
[millionday] this is how they are going to keep up with the petro dollars and the economic reflection of oil sales in the country
[millionday] The Oil Ministry announced yesterday on its quest to erect electronic counters system to measure the amount of oil exported via three new platforms floating in Iraqi territorial waters, stressing that export operations across platforms currently rely on the way (Aldhirah) primitive. The director of the first phase of the project escalation energies export Ammar Alaidana in an interview for "Alsumaria News" that "Iraq has three platforms floating a new export of crude oil (جيكور and tow and Faiha), including Manstan in service, and the third has not yet used," noting that "operations Export of through platforms Alaaúmtin depend on way Aldhirah in calculating the amount of oil to non-completion of the monument project counters measuring system platforms. " He Alaidana that "the first quarter of next year 2014 will see the completion of the project processing and paneled freely floating metering will be dedicated to platforms export floating," adding that "the way Aldhirah albeit primitive, but it represents a way to measure global popular and adopted by many of the producing countries oil, including Arab states. "
[millionday] interesting that they use this to keep up with the oil being exported -- so progress for iraq
[millionday] i dont see anything else that we care about but we should see huge references to the condition of the law baskets for monday tomorrow --
[millionday] i expect that they will all be meeting to at least show some work to meet demands of the citizens and also of the UN and international reps
[millionday] interesting that the banking training is part of the implementation of the strategic framework agreement
[millionday] and that they are watching with their own eyes their return of the rights to international trade
[millionday] calling for all laws to be in place and the need of the committee to monitor the economic reform activation is nothing to be sad about either
[millionday] so there we have today news ---