Millionday News 6/15/14 Part 1
Welcome Sunday Night News Time With Millionday!
[millionday] first of all there is a lot on the news of fear in Iraq of civil war -- the service men and volunteers have done a great job but there is a lot of violence in the country - we are going to start with economic and then we will do election and security
[millionday] smile --here we go with some isx news
[millionday] Although the circumstances of the country, and fears, which affected European stocks and the U.S. to record a decline recently, but the head of the Securities Commission, Dr. Abdul Razzaq al-Saadi showing optimistic movement of the Iraqi Stock Exchange,
[millionday] note -- the country is actually showing a healthy isx in country
[millionday] , he added, "Despite the challenges and difficulties faced by Iraq, but the property rights guaranteed are not affected by the current crisis, both affected by the movement of stocks or not,
which is guaranteed in more than one place, and that the authority has taken all the necessary measures during the current period."
has ended the European indices trading weekend on the decline with the decline in the stock of British, along with low stocks of U.S. President, as investors worried by the turmoil in Iraq, and low morale in the market, there are fears of a rise in global oil prices.
[millionday] note -- this is not saying the European market or US market is trading with Iraq -- they are comparing
[millionday] sees Saadi said any move global or a crisis in a particular country, the world oil prices witnessing changes, but it will not affect stock indexes are generally in Iraq, either for prices in general,
they are affected because of people's fears of a lack of liquidity and trading them and keep them. refers weekly report to the Stock Exchange that number of shares traded for the past week (6,217) billion shares traded at a value of (9,112) billion dinars executed through (2314) deal,
has closed the Share Price Index (ISX Price Index) in the last session of the week b (101.15 points), As for the number of shares purchased from non-Iraqis have reached (430.377) million shares (1,807), and sold amounted to (822.211) million shares (1,603).
[millionday] , and the number of companies listed in the regular market 74 joint-stock company, rose during the hearings last week, the price of shares 4 companies among the 57 companies traded and still 6 companies parked decisions from the Securities Commission for failing to comply with instructions to say and submission of financial statements of the Authority and the market, and 4 companies parked for holding public bodies.
millionday] note -- they are monitoring for compliance and also looking at the index to see if the security problem is causing a drop and it seems -- not much -- thats great
[millionday] said al-Saadi said in press statements that the volume of trading in the market for securities Iraq for the first week of June, the current witnessed an increase compared with the first week of last month, indicating that the stability of the exchange rate of the dollar and the continuation of trade agreements, especially with foreign companies contributes to the high volume of trading in the market.
millionday] this means that the constant or predictable rate that is imposed now is holding so they are being successful -- stability in the market especially in a time such as this is very important and obviously they are showing stability brb with more
[millionday] ok here we go
[millionday] Lebanese banks efforts to expand its banking system in Iraq due to Maatmtlleke Iraqi financial market promising an attractive investment environment, particularly as it is known to the businessmen of Lebanese and experience of successful always there.
d. Francois Bassil president of the Association of Banks in Lebanon made the talking this in front of officials of the monetary authorities and a group of businessmen representing the heads of the boards of directors of banks in the two countries Seizing the opportunity of the forum Iraqi banking Lebanese organized by a group of Economics and Business recently in Beirut and the halls of hotel Movenmbek the end of April last year.
[millionday] note -- this is saying that the expanding banking from lebanon began with talks from the conference in April last year -- it was huge huge
millionday] ok here comes the rest
[millionday] note -- this is very important due to the large part the banking reform of course has in the economic reform -- very important for investors and also the expansion globally
millionday] Due to the importance of banking relations between the Association of private banks in Iraq and the Association of Lebanese banks in expanding cooperation and development wanted the morning felt the spotlight on this conversation and its importance in the current phase.
looking forward d. Francois to achieve two main objectives pour into the expansion of banking services for the benefit of the two countries, said Kadikon size of our banks operating in Iraq small compared to the magnitude of the Iraqi market at the current stage and
[millionday] note -- the obviously economic value in the current stage -- very encouraging
millionday] there is openness and expansion of another Lebanese banks in Iraq, and that it will lead to service customers traditional and new efficient and competitive legitimately pointing out that the state of competition in Lebanon are the same in all the countries where we operate and the more than thirty countries.
believes also that the possibility of Lebanese banks to contribute to the development of the banking market of Iraq and in the three areas, the development of techniques banking business in Iraq, including systems work and systems and branch network covering parts of Iraq's vast compared to the size of Lebanon based on an area of ten thousand square kilometers.
[millionday] note -- the fact that Lebanon operates in more than 30 countries is great for the networking purpose they have talked about in this meeting -- smile
[millionday] WHOOPOW THIS GETS BETTER -- SMILE
[millionday] either second area relates to the development and modernization of banking services many needs of the Iraqi market, which we launched it and talk is still to Francois in our conversations with the monetary authorities of Iraq,
The term comprehensive banking, which includes lending of all kinds and the issuance of letters of guarantee and credit cards and payment instruments Kalthaoal to and from Iraq and services for correspondent banks and install the documentary credits, hinting saying we are seeking to actually develop banking relationships not only within Iraq
[millionday] note --- i hope you are ready for the next part -- smile
[millionday] but rather between Iraq and abroad, and what leads to the actual contribution to the development of Iraqi economy in various sectors of the most promising in the re-Aamarotttaiwir infrastructure of the country.
aims third area to prepare the banking cadres qualified enough and loud where he sees Francois that the success of the banking business is based in a balanced manner on the administration and regulation on the one hand,
and on the efficiency of workers on the other hand, noting that groups Full of Iraqi bankers receive their training at the headquarters major Lebanese banks.
millionday] WHOOOPOW -- so the expansion of the Lebanon banking is one of the steps to launch the various sectors of IRAQI BANKING THERE AND ABROAD
[millionday] confirmed at the conclusion of his speech that banks Lebanon did not go to Iraq to engage in a bidding foreign currencies but for comprehensive banking service of the Iraqi economy and the market and for what is kept and much deeper than tenders transient and limited and temporary .
[millionday] so they are saying they did not just arrive for the strategic reason of just buying currency -- they are there for the long haul and for the purpose of training and helping the global transition in Iraq for their banking
[swan2013] so this shows confidence in iraq?
[millionday] it shows in my opinion that Iraq has not shown a dive in their market and they are holding on stability so the fear of this security and terrorism setting them back or delaying the reforms for them shows to be unfounded in the numbers
[jtank] any carrier bank found yet?
[sczin11] jtank millionday custodian i think he means
[jtank] yes thx
golfmanone] Jtank What does that mean? TY
[jimplants] chase and jp morgan
[lstar877] Those two banks are there already is that correct?
[jtank] chase and citi are there
[millionday] jp morgan as well
[millionday] here we go
[millionday] hello hun
[millionday] this is something that was sent to me a part of the speech from today about the expansion of agriculture
[golfmanone] How do they operate is they don't have an intl rate?
[millionday] industry dates in either the international expert organization ICARDA d. Jamil Mohammed al-Dabbagh has said in his speech on the need to focus on industry dates and available in the markets as well as a focus on products quality as an industry molasses, vinegar and yeast and find new markets at home and abroad, pointing out that it absorbs surpluses, especially dates, ascetic, which constitutes 70-80 percent of the production General Dates.,
and went on saying that there is a need for inclusion manufacturers dates soft loans to set up the pistons and contemporary centers packing and cold storage centers on the importance of the reigns of the private sector in the economies of dates in the long term and determine the role of the state in the channels of marketing. cuttings dates Dabbagh concluded his speech Bdharoh trend towards planting more from cuttings dates quality and productivity good with the
millionday] note -- ICARDA is the organization that would monitor the stability for them with their exports - he is telling them what they need for success in the market and the greatest return to make it a longtime market for them globally
[millionday] introduction of cuttings imported in order to maximize the amount of export for foreign currencies high and at the same time improving the incomes of producers to get through high prices and rewarding it should be noted that the Organization of ICARDA (ICARDA) means the International Center for Agricultural Research in the Dry Areas where the service of the developing world in the field of agriculture is also working to improve the service for all developing countries in the dry areas in the field of improving the efficiency of water use in farmers' fields and the production of natural pastures and small ruminants.
[millionday] so they are saying that the success of this market of course will also maximize the foreign currency rates and bring returns for farmers -- they help with training and also with the help in areas that need water for great production to gain and -- they will also help to set the lines in the sand for the government control needed in production
[millionday] the reason i like this --- it is once again another step in preparation for the market economy --
[faith1] millionday millionday millionday how long can they talk without bringing this OUT?????
[millionday] until we are all bald it seems lol
millionday] they are financially not able to continue and also with all the agreements and their own constitution they have a responsibility to their citizens to do their job
[jtank] any news on a custodian bank for the ISX?
[millionday] jtank yes there is and i had the other day not sure what was final -- i will look into it for us -- great question -- i thought i had that for the isx custodian bank but i dont see it
[millionday] here we go --Oil Ministry confirmed that the production of cooking gas will double from today, Sunday. A statement of the ministry quoted the General Company for gas filling as saying that it call citizens "not to believe rumors of a shortage in cooking gas,
" indicating "It will supply the capital Baghdad today with 160 000 gas battles in a price of four thousand dinars, and it will continue supply all gas stations with gas."
[millionday] note -- in most news reports i have seen in US news reports they have stated this is a huge problem
[millionday] The ministry spokesman, Assem Jihad told / NINA / yesterday that "there are no shortage of oil products, not in warehouses or in the stations," calling on citizens not to fear because the fuel gas is available and there is no shortage of them. ". It is mentioned that several areas in the capital, Baghdad witnessed crowds yesterday on fuel and gas stations, which led to high prices significantly in each
[millionday] so they are denying that the shortage even exists hmmm brb with more
millionday] this is from the emergency meeting today with the Arab league
[millionday] Isra Khalifa condemned the Arab League Council terrorist acts carried out by the terrorist organization "Daash" against Iraqi civilians, announcing a meeting next Tuesday at the level of Arab foreign ministers to discuss the latest developments in Iraq and the steps to be taken in this regard .
confirmed the University Council at the conclusion of its extraordinary session at the level of permanent delegates, as stated in the joint statement of the ministerial meeting of the Arab-European in Athens as well as the statement of the Secretary-General on the condemnation of terrorism in all its forms and manifestations and all the practices of terrorism that would threaten the territorial integrity of Iraq and Oiamh community.
[millionday] meeting agreed to keep this matter under the follow-up to keep up with developments including further consultations to hold a consultative meeting of Arab foreign ministers on the sidelines of the 41 foreign ministers of the Organization of Islamic Cooperation to be held 18 and 19 of this month in the city of Jeddah, Saudi Arabia. ,