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Millionday news 6/13/15 Part 1 of 2
WELCOME TO MILLIONDAY NEWS FOR JUNE 13, 2015
Millionday: GREAT TO SEE EVERYONE -- WE HAVE SOME INTERESTING NEWS TO LOOK AT TONIGHT
Millionday: THIS IS GREAT NEWS -- READ EVERY WORD
Millionday: Hussein al-Tamimi Tgb
stressed the mixed sector Conference and its role in development and economic transformation on the importance of overcoming administrative and financial constraints and access to facilities offered by the state and stand at ways to develop this sector, especially as the mixed sector is one of the shift towards economy factors the open market.
Millionday: NOTE -- THIS IS ALL ABOUT THEIR PREPARATION FOR MARKET ECONOMY --
Millionday: President of the Conference Raed Fahmi began by stressing the importance of domestic production development and the need to work on activating the self-development capabilities of economic and industrial country in the light of economic transition to an open market economy phase that are able to raise the performance and attract Alamwal.obin heads the mixed sector is One important factor in this trend,
pointing out that the Conference examines the most important challenges facing the mixed sector financing and administrative obstacles and facilities that must be submitted by the state and contribute to its development.
Millionday: NOTE -- THIS IS A CONFERENCE THAT IS FOR IRAQ`S TRANSITION TO A MARKET ECONOMY -- WHOOPOW
Millionday: NOTE -- THE ECONOMIC TRANSITION TO A MARKET ECONOMY
Millionday: The head of the National Investment Commission Sami al-Araji said that the mixed sector exposure to large losses after 2003 and was able to return to the stages of production after it contributed to the Ministry of Industry to provide some support to him, pointing out that the government support the mixed sector through the issuance of decisions that support the march this sector.
Millionday: NOTE -- THE LAST FEW DAYS THEY HAVE BEEN TALKING ABOUT THE COMEBACK OF IRAQ`S INDUSTRY -- MIXED SECTOR IS THE INCLUSION OF BUSINESSES THAT FALL UNDER THAT TITLE --
Millionday: The President of the Industrial Development Association Ahmed Abdel Lifter on the advantages and objectives of the creation of mixed companies, who said they contribute to the promotion of investment and the opportunity for the greatest number of individuals,
including the limited investment income owners in the process of economic development, which dates back public benefit of the society and the state and the individual, as well as ensuring proper utilization and investment of the industrial project out of personal interest,
and find a fair competition with other sectors projects and consumer protection from the risk of monopoly and the deterioration of the quality
Millionday: NOTE -- MONOPOLY KEEPS ONE COMPANY FROM TAKING OVER THE MARKET SHARE –
SO FAIR MARKET AS EXPECTED -- THEY ARE TALKING ABOUT PUTTING IRAQI PRODUCTS ON THE MARKET AND DEVELOPING THE COUNTRY`S ECONOMY
NOTE -- SO MANY INVESTORS ARE WAITING FOR THIS MOVE
Millionday: as well as ensure a better goods produced in mixed for the existence of public interest for the whole contributing companies of quality contributor to monitor and follow up the activities of these companies through boardrooms, public bodies and financial control
and lead to transparency in Alaml.wachar that the mixed sector companies actively contribute to the modern technology where companies set up production of various of its products coefficient transfer
and thus the gateway for technology transfer and resettlement in Iraq and the creation of different skills to the hand, the national labor
Millionday: NOTE -- THEY WILL BE MONITORING THE BUSINESSES TO MAKE SURE REGULATIONS ARE FOLLOWED -- TRANSPARENCY
Millionday: Baghdad Economic Forum Amer Jeweler eating industrial strategy, he said in the second chapter of which touched on the encouraging strategic partnerships with foreign and local investors qualified establishment of major industrial companies shared capital between the public and private sectors in ways that diverse participation and the restructuring of public companies list to transfer part of the ownership of the public sector in some of them to the private sector by turning them into joint stock companies
Millionday: NOTE -- THEY WILL BE WORKING TO GET THE BUSINESSES THAT ARE GOING TO LIST ON THEIR STOCK MARKET DONE NEXT -- WITH INVESTORS AND LOCAL ETC --
Millionday: He added, that came within the schedule of the strategy, which is supposed to start its implementation in 2013 that is converted 20 percent of the public industrial sector companies to effectively contribute in the public stock market in 2017
and 50 percent of them companies in the year 2022 and 80 percent of them in 2030, taking into account the existence of 176 public companies, including General 71 industrial company include about 250 Msanaa.obin Jeweler he came in a resolution restructuring in strategy that is formed units restructuring in the ministries to take over the preparation of business plans for each company,
Millionday: NOTE -- THEY ARE WORKING ON THE STRATEGY TO RESTRUCTURE THE MINISTRIES THAT WILL WORK WITH EACH COMPANY -- NICE
Millionday: and those documents acknowledged that being the initial assessment and classification of companies according to the feasibility of each company where classified into economically viable companies financed and self-managed attractive and ready to invest and the other is unable to continue operating and financing self-companies,
but it useless and need to restructure the companies and hybrid futile and useless require a major effort in restructuring, companies have a low priority for investment is feasible to continue operations productivity and can be thought of scientific manner and within the economic diversification methodology to search for radical solutions to them and to promote the establishment of a similar activity or an alternative
Millionday: NOTE -- THEY ARE TALKING ABOUT THE DESIGN OF THE MARKET AND HOW IT WILL BEST SERVE IRAQ--THEY WILL BE WORKING ON ITS STRATEGY AND THIS INCLUDES FOREIGN IVESTORS
AND IS ALL ABOUT THE MOVE TO A MARKET ECONOMY ACCORDING TO THIS REPORT AND THE WORK THAT GOES AFTER IT FOR THEIR MARKET
Millionday: companies that are not commercially viable but Manmh.ama Director General for Industrial Bank Kazem fistula has pointed to the existence of several factors negatively affected in this sector in particularly the lack of power supply on an ongoing basis,
which led to a halt most of the factories and causing big losses, as well as the lack of exploitation of production capacities for the full machinery of the lack of a demand for those products,
as well as higher raw material prices and the difficulty of the competition of imported products,
as well as the opening of the border in front of imported goods and the entry of products quality specifications, and the lack of sufficient liquidity to buy raw materials not afford what led to the fact that some companies sell part of its fixed assets.
Millionday: SO SOME OF THE ISSUES ARE OF COURSE THE TIME THAT HAS PASSED AND THEIR NEEDS TO PRODUCE --- THIS IS GREAT NEWS AND SHOWS JOBS ON THE WAY FOR IRAQIS AS WELL --- HUGE REPORT
puffdragon: This conference is it going on or being planned, or done.
Millionday: IT IS A SEMINAR THAT HAS HAPPENED ALREADY -- SHOWS THEM IN SEATS AT THE EVENT -- SMILE
dinarmassa: I like the concept of the Iraqis, but wouldn't like the concept of the Iraquis, but wouldn't and her b have to happen soon in order to implement hall that an RV have to happen soon in order to implement all the programs they would like to proceed with
Millionday: THE STOCK MARKET AND A MARKET ECONOMY TRANSITION REQUIRE PRICING -- WHAT IT WILL BE AND WHEN WE DO NOT KNOW -- THIS SEMINAR WAS TODAY --
Millionday: Governor of the Central Bank and the Agency on the Keywords, Saturday, that the benefit of borrowing from the International Monetary Fund, will strengthen Iraq the global financial position, noting that the borrowing from the IMF will achieve the goals of Iraq required.
Keywords and said for "tomorrow's Press," The "amount that is expected to be provided by the International Monetary Fund to Iraq right of the contribute to the Fund States and Iraq from the shareholders," noting that "the amount came to support the budget and reducing the existing deficit."
Millionday: NOTE -- CBI IS SAYING THAT THE FUNDS FROM THE IMF WILL ACHIEVE THE GOALS OF IRAQ REQUIRED -- SMILE
Millionday: He explained that "there's intentions must be shown by Iraq when submitting borrowing request , which is an economic and financial reforms to encourage the Fund to give Iraq and be of interest loans, to strengthen the international position in terms of credit degree,
and to gain the confidence of donor countries for Iraq ", adding that" the central bank looks at the loan is not worth the amount, but puts us much better financial transactions between the countries and the world.
Millionday: NOTE -- THE IMF REQUIRES FOR THE LOANS -- IRAQ`S INTENTIONS TO BE REFORMS -- ECONOMIC -- AND TO PUT THEM IN THE RIGHT POSITION GLOBALLY -- SMILE
Millionday: He added Keywords "There are financial institutions when you see the size of the International Monetary Fund will lend Iraq Foundation, this increases the confidence in Iraq,"
noting that "soon will receive Iraq amount and we see it is useful to achieve the desired goals."
declared the International Monetary Fund (IMF), agreed with Iraq to lend the amount of $ 833 million to support its economy, while stressing to present the agreement of the Executive Body of the Fund to express its opinion cutter.
Millionday: SO THE INCREASED CONFIDENCE IT WILL ADD IS HUGE -- ACCORDING TO THIS REPORT THE IMF IS LOANING TO IRAQ TO SECURE THEIR STABLE POSITION ---
Loopow: 833 Million equals roughly 833 billion IQD. Does this really help them given their deficit? Or does it server some other purpose?
Loopow: does it serve*
Millionday: ACCORDING TO THIS IT IS LISTED IN WHAT IT WILL BE IN US DOLLAR AND THEY ARE STRESSING THE PRESENTATION OF THE EXECUTIVE BODY OF THE FUND –
I DON'T KNOW WHAT THAT WILL DO FOR THEM IN DINAR ETC -- ACCORDING TO THIS IT IS EXPECTED TO HELP
Millionday: GOOD QUESTION AND I WANT ALL THE ANSWERS
Millionday: I DON'T SEE ANYWHERE THAT THIS IS ALL THE IMF WILL BE DOING THOUGH SO WE HAVE TO WATCH
Millionday: Governor of the Central Bank and the Agency on the Keywords, Saturday, that the benefit of borrowing from the International Monetary Fund, will strengthen Iraq the global financial position,
noting that the borrowing from the IMF will achieve the goals of Iraq required. Keywords and said for "tomorrow's Press," The "amount that is expected to be provided by the International Monetary Fund to Iraq right of the contribute to the Fund States and Iraq from the shareholders,
quicktolegit96: WHEN DOES IRAQ GET THE LOAN?
Millionday: THEY ARE ASKING FOR THE EXECUTIVE BODY FUND PAPER -- I WOULD SAY THE LIST OF EVERYTHING THEY PLAN TO DO WITH IT
Millionday: IT DOESN'T GIVE US A DATE
dabmac: quick asked my question... Thanks MD!!!
da58: seems to be more about 'what' this borrowing does for them, in terms of credit rating, and building confidence - to sell bonds internationally - than the actual 'amount' - do you agree MD? cuz - it's kind of a peanut amount.. in the big scope.. it mentions credit rating and confidence too!
Millionday: YES I DO AGREE --
da58: for that darn deficit! super - ty!
Millionday: I AGREE -- GREAT REPORT
Comments may be made at the end of Part 2 Thank You