Millionday New 11/02/14 Part 1
Welcome to dinarupdates.com for news time with Millionday!
Millionday: WE HAVE HUGE NEWS AGAIN AS YOU CAN IMAGINE SO HOLD TIGHT BRB
Millionday: Executive Director of the Iraq market for securities: The market opened the first held under the new trading system "X- stream" after obtaining the approval of the Iraqi Central Bank and the Securities Commission.
He said Taha Ahmed Abdul Salam, the "morning": that the exchange carried out Sunday a contract of sale and purchase between the International Finance Corporation (IFC) as a salesman and National Bank of Kuwait as a buyer of the shares of Credit Bank.
He added that the number of shares traded reached more than 8 billion shares worth more than 14 billion dinars at a price of JD seven hundred and sixty fils per share.
Millionday: SO WE HAVE NO IDEA WHAT THIS DOES TO OUR INVESTMENT BECAUSE WE DO NOT KNOW IF IT IS SPECIAL CIRCUMSTANCE OR AGREEMENT AND WE CAN SEE A CHANGE IN THE MARKET ON SUNDAY --
golfmanone: What do you mean we have no idea what this does to our investment?
golfmanone: Because there wasn't a rate change?
Millionday: THE INTERNATIONAL TRADING WITH KUWAIT WOULD LEAD YOU TO BELIEVE THAT THEY MAY HAVE OPENED TO THE GLOBE –
HOWEVER -- WE HAVE NO MARKET TO LOOK AT ON SUNDAY AND CBI UPDATED AT 1166 SO -- WE WILL LOOK AND SEE WHAT ELSE WE HAVE
jimplants: is this the trade bank they are talking about or is the credit bank a different one? thank you
Millionday: THE CREDIT BANK IS LISTED SEPARATE BUT I NEED TO LOOK TO SEE IF IT IS A BRANCH
Millionday: I WILL LOOK IN JUST A SEC AND SEE WHAT THEY ARE REPRESENTING
Millionday: WE HAVE NO WAY OF KNOWING IF THE AMOUNT LISTED IS KUWAIT DINAR AND REPORTING WHAT THEY TRADED EITHER OR IF IT IS IRAQI DINAR -- SO WE NEED MORE FACTS
Magik: so on Mon if they trade at 1166. they went global w no rate change?
Millionday: NO -- ON MONDAY IF THEY ARE GLOBAL THEN WE WILL SEE A REALITY RATE -- THIS IS JUST SAYING KUWAIT AND THATS NOT GLOBAL
Millionday: I WILL BRING MUCH MORE INK AND WE WILL HAVE A GREATER UNDERSTANDING
jimplants: kuwait bought it through a rep so it can be at the old rate
Millionday: I AGREE BUT THE PURPOSE AND TIMING SEEMS STRANGE TO ME SO I HOPE WE HAVE SOMETHING ELSE ON IT - AND MORE THAN JUST ONE REPORT OR CHANGE
Millionday: BRB WITH MORE
Millionday: NOTE -- THIS IS ANOTHER REASON THAT I THINK THERE IS MUCH MORE TO THIS THAN JUST THAT ONE STATEMENT
Millionday: Prime Najaf Investment Commission said that his government program 4014 - 2018 focused on strengthening the role of the private sector and activating the work approved national Balstrutejiat relevant and encourage strategic partnerships with local and foreign investors qualified and facilitate the granting procedures licenses and the creation of the principle of competition.
Millionday: NOTE -- THIS IS THE GOVERNMENT PROGRAMS AND THE MEETING ON THAT -- THEY ARE STATING THAT THEY ARE READY TO MOVE FORWARD WITH CONTRACTS AND FOREIGN INVESTMENT -- SMILE
Millionday: NOTE -- THIS IS A HUGE REPORT BUT THE INFORMATION IS HUGE TOO -- SMILE
Millionday: The head of the body in Albhash that investment Najaf body began to work on creating the right environment to attract investment and interaction with existing investment for the completion of projects within specified in the assignment periods and in accordance with international quality standards under a plan drawn up in the light Aovernma.oukal program in an interview "Morning" that the province is witnessing a wide investment movement in different sectors and ambition in tune and came in the government program, pointing out that the pursuit of the province towards overcoming the obstacles that may accompany the implementation of various projects.
Millionday: NOTE -- THEY ARE TALKING ABOUT THE REFORMS AND LAWS THAT ARE NECESSARY FOR THE CONTRACTS AND MOVING FORWARD –
THIS IS ALSO THE GOVERNMENT PROGRAM ADDRESS AND THEY ARE STATING THAT IT IS COMPLIANT WITH THE ENTIRE COUNTRY PLAN AS WELL
Millionday: attractive environment Albhash demanded the relevant departments for more cooperation with the Commission to work on creating an attractive investment environment for global investment firms that assist in the implementation of quality projects to suit the need of the province.
Albhash pointed out that the Commission has prepared an investment plan in collaboration with all departments to determine the actual need of the province of the projects, stressing the need for the Commission to staff a new specialist commensurate with the volume of work carried out by the Commission
Millionday: NOTE -- THE PROVINCE IS ASKING FOR THE E-COMMERCE AND GOV DEPARTMENTS TO BE ACTIVATED IN EVERY SENSE OF THE WORD –
SO THEY CAN MOVE FORWARD AND ACTIVATE ALL TRADE CONTRACTS AND INVESTMENTS --
Millionday: NOTE -- THEY WANT IT ALL AT THE SAME TIME --
Millionday: He pointed out that the province is witnessing the implementation of nearly 100 investment project and there are a number of giant in the province of projects under the supervision of the body most important commercial fifty complex, which includes the 5-star hotel by a 7-storey commercial and Mola large recreational areas at a cost of more than $ 100 million,
and the village residential Ghadeer at a cost of $ 248 million as well as residential bank complex, which includes a 1300 home with a total cost of up to $ 115 million. ongoing projects either interested in the honored investment Jawad Bo fifty pointed out that the work in the province of Najaf needs to be more of an effort to provide suitable investment environment the most important environmental aid loss and facilitate the task of granting approvals shortening documentary courses and provide banking environment
Millionday: NOTE -- NOTICE THAT ALL OF THIS IS WRITTEN IN DINARS --
Millionday: NOTE -- ONCE AGAIN WITH CONTRACTS SITTING AND SOME WORKING –
THEY NEED FUNDING AND ALL LAWS AND REGULATIONS AND REFORMS ACTIVATED SO THEY CAN MOVE FORWARD –
THEY ARE DEMANDING IT DUE TO THEIR NEEDS AND COUNTRY`S
Millionday: despite these difficulties find there are investment projects continuously work Bmphasalha and most important project complex commercial and hotel international management and a cost of up to $ 100 million and the period of completion of up to 3 years and is one of the largest construction projects in the provinces.
In the eyes of the consultant Tawfiq inhibitor that investment experience in all the world is facing the problem of financing, where 2008 saw a global financial crisis led to a clear decline in investment and real estate and tourism sectors, construction and services necessary due to the large decrease in the movement of capital, liquidity and nevertheless find there are companies that have taken the decision to enter Iraq and work in Najaf,
Millionday: NOTE -- THEY ARE SAYING THAT THEY HAVE WORKERS THAT ARE FROM COUNTRIES THAT CAN NOT AFFORD TO COVER COSTS AND YET THEY HAVE COME –
SO THEY ARE DEMANDING THAT ALL REFORMS ARE ACTIVATED FOR THE MOVE FORWARD TO GLOBAL MARKET AND INVESTMENT ATTRACTION WITH ALL THE NEW IRAQ OFFERS
Millionday: the holy places and to ensure the completion of their work and the search for added investment projects. absence of cooperation , adding there is the fact cursor to the case of investment related to the environment to any observer or investor action in Iraq, a relationship between the time limit for the completion of the investment projects both inside and outside Iraq, a delay multiplier in the achievement process and completion of the project The project the same that is being implemented in neighboring countries needs for years in Iraq even gives off,
otherwise, any delay is the delay time completing expense and the production process and to achieve revenue from the project, and
Millionday: NOTE -- ANY DELAY WILL COST IRAQ REVENUES -- THEY ARE STATING THAT THEY NEED TO HOLD ON TO ALL INVESTMENT AND NOT LOSE DUE TO THE TIMELINE THEY HAVE AND CAN REACH --
Millionday: this is a factor of the absence of the investment environment and the absence of cooperation, coordination and integration among sectoral agencies factors. development banks said Mana: The failure of Iraqi banks gives clear indications about the weakness of banking products,
ranging from 5 to 10 products, according to statistics from the Iraqi Association of private banks, while in international banks up to 250 products, pointing to the importance of the development of banking products, especially since the branches of international and regional banks have entered the work in Iraq and can benefit from their experience.
Millionday: SO THEY GO ON TO SAY THAT THEY NEED ALL BANKING REFORMS AND SERVICES AS WELL –
THEY ARE BLAMING THE GOVERNMENT FOR LACK OF REFORMS AT THIS POINT SO THEY MUST BE IN A POSITION TO LAUNCH IT ALL
faith1: the gov in position to launch it all ??
Millionday: YES THEY ARE DEMANDING THAT ALL LAWS AND REGULATIONS BE LAUNCHED TO MOVE FORWARD WITH GLOBAL CONTRACTS ETC -- SO THEY MUST FEEL AS THOUGH THEY ARE IN A POSITION NOW TO DO SO
Millionday: NOTE -- I HAVE SOMETHING NEXT THAT STATES WHAT IS LEFT IN THE LAWS
Millionday: BRB WITH IT
faith1: thanks ,, and i agree need to move to keep confidence in investments..
Millionday: EXACTLY I AGREE --
Millionday: HERE WE GO
Millionday: Finance Minister Hoshyar Zebari yesterday, all examined his ministry to some of the measures aimed at maximizing the financial resources of the state in the near future and in accordance with the necessary legislation, which Parliament would be endorsed for this purpose.
Millionday: NOTE -- THE MINISTER OF FINANCE IS SAYING THAT THEY EXAMINED OR AUDITED ALL FINANCE RESOURCES AND REGULATIONS TO ENSURE THEY CAN COVER ALL THE UPCOMING CHANGES
Millionday: Zebari said in a statement the "morning": that "the ministry is waiting for House legislation laws and regulations to maximize the financial resources in the country and find other economic resources will complement the general budget is oil, which is a source approved by the President entirely in the preparation of the state budget over the past ten years.
Millionday: NOTE --THE ENTIRE OPERATION REQUIRES ALL LEGISLATION AND REGULATIONS TO BE ACTIVATED IN ORDER TO MOVE FORWARD WITH ALL NEW MARKET AND GAIN REVENUES FROM PRIVATE SECTOR AS WELL --
Millionday: NOTE -- THIS IS TALKING ABOUT OTHER THAN OIL
Millionday: "He added," The competent ministerial committee of financial and economic affairs discussed Fiscal policy in the country and provided insights into the Council of Ministers on this issue, where he was reviewing a number of ideas and practical suggestions to overcome the current crisis ".
This government action came against the backdrop of the significant decline that hit returns financial state, as a result of reduced remarkably in world oil prices, as well as on the size of the domestic production of crude oil material because of the emergency security conditions.
Millionday: NOTE -- HE IS ADDRESSING THE MINISTERS CONCERNING HOW THEY ARE GOING TO ACCOUNT THIS FISCAL YEAR AND APPLY LAWS FOR THE REFORM LAUNCH IN THIS YEAR –
THEY HAVE ALSO REVENUES WITH THE COST OF OIL DOWN SO MUCH
Millionday: NOTE -- HERE HE TALKS ABOUT WHAT TO DO WITH NEW MARKETS FOR THIS YEAR FISCAL
Millionday: He said Zebari, said the ministerial committee mentioned a meeting in which he stressed the need to "reduce non-core expenditures in ministries and state bodies and pressure on spending allocations as much as possible to avoid the aggravation of the financial crisis and low liquidity," referring to The meeting discussed a number of options available to the government to finance the deficit of the sources available during the remaining period of the current fiscal year.
Millionday: SO HE IS WANTING TO REDUCE SPENDING AND GAIN/EXPAND IN OTHER MARKETS OTHER THAN MARKETS TO SUPPORT THE COUNTRY FUNDING
Millionday: I SEE A PATTERN -- SEEMS AS THOUGH THEY WANT THE LAWS PASSED
Millionday: OR I SHOULD SAY ACTIVATED DUE TO THE FACT THESE ARE THE INVESTMENT LAWS THEY HAVE ADDRESSED
slh5282: did you say you had the list of laws that needed to be passed or finished?
Millionday: NO THESE ARE LAWS THAT THEY HAVE TO ACTIVATE ALL AT ONCE FOR THE NEW IRAQ –
THE LAWS ARE ALL THE INVESTMENT LAWS THAT DONT GO ALONG WITH A COUNTRY THAT IS NOT IN A MARKET ECONOMY –
THEY GO ALONG WITH THE MOVE TO A MARKET ECONOMY AND GLOBAL TRADE
Millionday: BRB WITH MORE
Millionday: HERE WE GO
Millionday: Central government's efforts to implement its program aimed at promoting financial and monetary policies, has become the importance of local commercial banks' involvement with international counterparts and the formation of great significance joint investment funds to provide the opportunity for investors to enter the financial, monetary and commercial markets in the country.
has noted in this regard economist Adel Abu loaf to the importance of encouraging banks or individuals to establish a diversified investment funds, government supervision and in accordance with the legislation issued in this regard.
Millionday: NOTE --THE GOVERNMENT PROGRAM PROMOTES THE PROMOTION OF THE NEW MONITARY POLICIES AND ALL FINANCIAL POLICIES SO,
THEY NEED ALL BANKS TO BE IN COMPLIANCE TO MOVE FORWARD WITH THE NEW POLICIES AND ALL LEGISLATION ACTIVATED AS WELL
Millionday: NOTE -- THIS IS TALKING ABOUT COOPERATION WITH GLOBAL BANKS
Millionday: The commercial banks, "according to the text of the government program" of the same amount of importance to any economic activity, financial institutions and represents one of the financial system of the country rings, and a reflection of-laws economic, commercial, financial,
and is one of encouraging investors gates and bring in capital, which can be achieved through the organization and address the economic and commercial affairs in coordination with various relevant sectors, as well as the development of foreign economic relations with the countries of the world to increase the volume of trade exchange and the development of relations with regional and international organizations concerned.
Millionday: NOTE -- THE GOVERNMENT PROGRAM SHOWS HUGE IMPORTANCE IN THE MONETARY POLICIES AND BANKING REFORM AND ALL FINANICIAL LAWS IN PLACE TO DEVELOP THE INVESTMENT AND DEVELOPMENT OF IRAQ
Millionday: He said Abu loaf that these funds provide investors with individuals and institutions the opportunity to enter and participate in the cash markets (treasury bills, commercial paper), and financial (stocks and bonds), and trade (goods and services),
believing it (mutual funds) will open the agreed cooperation between banks and institutions Global Finance to attract local and foreign investment, and identifies the local bank task of overseeing the marketing of investment funds activities, while The foreign partner to manage these funds in the global markets, he says.
Millionday: NOTE -- THIS IS REFERRING TO WHAT THE DIVERSIFIED INVESTMENT FUNDS WILL PROMOTE
Millionday: NOTE -- THE GOVERNMENT FINANCIAL PLANNING ESTABLISH THE APPLICATION OF THESE FUNDS AND HOW THEY SUPPORT THE ACCESS TO ALL FINANCIAL TOOLS AND THE MARKET
Millionday: He said Abu loaf that these funds provide investors with individuals and institutions the opportunity to enter and participate in the cash markets (treasury bills, commercial paper), and financial (stocks and bonds), and trade (goods and services), believing it (mutual funds) will open the agreed cooperation between banks and institutions Global Finance to attract local and foreign investment, and identifies the local bank task of overseeing the marketing of investment funds activities, while The foreign partner to manage these funds in the global markets, he says.
Millionday: NOTE -- GLOBAL BANKS
Millionday: AND is the capital of Alsndq supported by the millions, and is managed by specialized experts are doing studies on the best companies that can invest them to ensure the best possible return, and is considered a more convenient way for small investors, as the fund contains many of the stock and bonds, therefore it gets investor diversification advantage and the risk is relatively less than direct investment in the stock market.
He also said Abu loaf that these funds will attract a slice of small investors of capital to employ their money, as well as the establishment of other funds is limited to activities in the project is based on the approved commercial interest commodity trading, rent, real estate, leisure and tourism projects.
Millionday: SO THE ECONOMISTS ARE SUPPORTIVE OF ALL THE GOVERNMENT PROGRAMS THEY HAVE IN PLACE BECAUSE THEY SUPPORT THE FINANCIAL REFORM AND ENTIRE ECONOMIC REFORM FOR THE COUNTRY -- THEY NEED THE LAWS PUT IN PLACE
love it 2: [8:26 PM] misterq: I know this is a silly question w/all the informative info.... Have the coins been put into circulation???
Millionday: NOTE >>>> NOTICE THAT THEY ARE STATING THAT THEY ARE WORKING ON ACTIVATING >>>(WORKING ON)>>>Central government's efforts to implement its program aimed at promoting financial and monetary policies, has become the importance of local commercial banks' involvement with international counterparts and the formation of great significance joint investment funds to provide the opportunity for investors to enter the financial, monetary and commercial markets in the country.
Millionday: NOTICE THE EFFORTS TO IMPLEMENT AND THAT IS WHAT THEY"RE TALKING ABOUT IN THIS MEETING FOR THE INTERNATIONAL BANKS --
Millionday: SO WE SEE THEY ARE MOVING FORWARD
Comments may be made at the end of Part 2 Thank You