. Millionday News 7/20/14 Part 2
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[millionday] Iraq Stock Exchange announced that next Thursday, July 24, 2014 is the last trading session before the holiday Eid al-Fitr, which will run throughout the entire next week. It also announced that the first stock trading session after returning from holiday Eid al-Fitr will be on Sunday, August 3, 2014.
[millionday] brb with more -- so we have the isx down until august 3rd -- very strange with the esx starting in august as well using the iraqi dinar
[SHIEK] Millionday with the probability of a currency shift in Iraq, the army will be a top priority for the citizens to move about to banks, and the distribution of LD's. My question is who is running the Iraqi forces?
[lstar877] The world also changes and advances. We are not stuck in the past forever or we wouldn't have cell phones. Lets welcome the new iraq!
[millionday] and neither are they -- they are welcoming the new banking reform and the economic reform and also the smart cards and new gov and the new Iraq along with a market economy e-commerce and imports and exports with the tariff laws and customs in place with the call to enter the globe with the dinar for trade ---
the new investment laws and also the added resources for jobs and more advancement for manufacturing than in most areas and a more advanced banking system than seen in the world according to CBI --
[millionday] they also are welcoming the upcoming wto active membership with visas and international currency exchange and a new parliament that seems to care about the constitution –
they have advanced in agriculture and electric power enough to work and run shifts for their new manufacturing and industrial advancements in place -- they have strategic framework agreements with many countries and their military help along with new currency security
[wilson6060] can we RV with the ISX closed
[millionday] yes they can set the rates but we may not see them depending on how they are planning to present the new values
[Pablo] Is it reasonable to assume that this will all be done within 30 days?
[millionday] let me make sure i didnt miss anything brb
millionday] the last one and this is an announcement from Dr Saleh
[millionday] With the start of the life cycle of the third parliamentary in Iraq, has launched the country held political second as it faces the challenges of economic and social difficulties, will face forming the next government,
which is in the forefront comes the quest to raise the adequacy of the national economy and resettlement of the foundations of a strong cohesion and administrative organization of the economics of the country and opening the product on the global economy,
Add to the imperatives of addressing cases of leakage and loss in national resources due to poor organization and administrative laxity in the implementation of investment decisions ruling.
[millionday] note -- they are forming the next gov and going to the global economy
[millionday] raising the adequacy of the national economy -- whooop whoooop
[cookie] opening the product on the global economy
[millionday] here is the economic reforms
[millionday] Economic reforms root in the joints of the national economy all, (the state and the market), has become a pressing need to work among state agencies and institutions governing market team spirit and harmonious, not the plans and programs of ministerial and institutional separate does not possess the ability to engagement plans and programs of other sectors.
The unity and integrity of approach to thinking and teamwork, Iraq will lead inevitably to the edges of progress and development faster and rapidly towards the desired goals.
So the next ministerial Valhguibh may need to mature ideas and visions and realistic work represents the spark economic and pragmatic methodology Auamlah can be taken together and as follows:
millionday] note -- the plan on how to quickly bring the economic reform successfully as they launch it
[millionday] A - Although the trading idea of founding the Council for Reconstruction will function approve and monitor the implementation of strategic projects of national cross-provinces or regions, since the entity organizational and management of the Council requires that did not abandon his main task, being the supreme body for the establishment of large contracts for the central government,
provided that an independent advisory jurisdiction shall evaluate high efficiency and fairness of contracts and price moderation, and works in conjunction with the High Authority for the establishment of large contracts for the central government.
This does not preclude the provinces to exercise the same approach in conservation projects and one along the lines of what was done by the province of Basra, for example. The proposal comes from the perspective of addressing corruption or waste in government contracting.
[millionday] note -- first the activation of the strategic framework agreements and the gov contracts signed and ready to go
[millionday] 2 - promote or spread the idea of regional development, as an alternative unspoken about the use of regional or sectarian of the founding idea of the regions, (which usually take advantage of articles 116-121 of the Constitution of the Republic of Iraq in 2005), for the purposes of a political goal of dismantling the country's unity national constitutional).
According to the provisions of Article 119 of Aldstornevsh, it could be the idea of giving priority to the developmental territory, as an alternative to the idea of zones, the region, was a territory, (for example), combines the provinces of Karbala and Anbar and Babil province under the name of development of central and western Iraq.
[millionday] note -- the activation of all of article 140 and provincial law
[millionday] To encourage this pattern of the New Territories, being the allocation of not less than 10% or more of the investment budget of the Ministries of the Federal allocate priority to encourage joint development projects in that region development by maximizing user –
the product within the region Almzkaruw maximize the added value, through the principle of synergy, synergism, projects and joint activities.
Therefore, it is important to issue a law regulating the mechanisms of action of regional development-free dye regional or sectarian and exclusive in its work on the management of development activities and reconstruction common, including foreign investment flowing into the ultimate in service Market Activity National Iraq.
It also does not prevent the establishment of chambers of commerce and industrial Aoathad Business and various professional organizations related to economic affairs to jointly operate in the interest of the region development.
[millionday] note -- move forward with regional advancements and contracts to ensure regional acceptance and promotion in trade agreements and logistic agreements and contracts
[millionday] next step _______------
[millionday] 3 - as long as Iraq became dependent, mainly on some brands either capital goods or intermediate or consumer which have been imported and the long years of Chainsaws are supported, we recommend the importance of urging those companies,
including multinational companies, from using Iraq as a focus productivity eastern Mediterranean for manufacturing and take advantage of local inputs available, and coverage of investment law, within the doctrine prevails in international economic relations and investment ranges where,
called (By meeting offset). We note at the same time that the idea of virtual water, (sparked by Prof. Dr. Hassan al-Janabi, in his lecture, the scientific value of the final), which means the import of Iraq for agricultural commodities, (density that we are seeing now), and that
[millionday] note -- support the private sector by laws in place and support their goals and freedom of contracts and business during its reforms and development of relations
[millionday] originates from countries upstream or riparian other with Iraq from neighboring countries, and grown products exported to Iraq at the expense of part of the share of the country's water.
But the seriousness of such an approach practiced by countries Jawaraly long-term, we see the importance that include the issue of the establishment of agricultural companies large common in Iraq and style partnership with Turkey, Syria and Iran,
where it will be the role of these companies future role of pressure within the adoption of a diplomatic alternative water, and counted, as leverage additional to maximize Iraq's share of water flowing to him from the states upstream, (Turkey and Iran), and state traffic (Syria).
[millionday] note -- apply all water agreements and respect the flow and supply of water for all in the region as it supplies
[millionday] WHOOOPOW >>>4 - extending the benefits of the program of the United States in the so-called, (alternately cash currency swaps), is currently taking place, for example, between the United States and many countries of the world,
so as to encourage the use of those funds to be deposited in Iraq in foreign currency to meet exchanged for local currency and duration long investment in productive projects in conjunction with the Partnership or the depository, including maximizing and development in our country.
The experience can be refined with the European Union or Japan or China, and in line with the Investment Law No. 13 of 2006 as amended.
[millionday] NOTE -- THE PLACED AGREEMENT OF CURRENCY SWAP AS PUT IN PLACE-- BETWEEN THE US AND IRAQ TO STAY IN PLACE AND RESPECTED AS IT IS WRITTEN
[millionday] 5 - Development of strategic crude oil production after selecting point optimization in the production of crude oil exported, but not six million barrels per day,
then directs the production extracted from crude oil to be input for refining projects or petro-chemicals local (whether national or international joint), and including maximizes value added to the wealth of the impoverished.
[millionday] NOTE -- REMEMBER THIS >>>>D. Appearance of Mohammed Saleh *: Towards a realistic vision of the economic and national curriculum
[millionday] HERE IS MORE OF THE PLAN ANNOUNCED IN HIS SPEECH TO THE CITIZENS
[millionday] 6 - encouraging investment Iraqi joint (government and private sector), to invest in projects outside of Iraq, such as buying farms in countries with fertile land, promised that the requirements of food security national overtime,
especially in countries such as Vietnam, Ethiopia and Southern African States, or other countries Her experience in the field of international agricultural investment cooperation covered by foreign direct investment in the world today, provided that the study relies minutes and convincing of the economic feasibility of such foreign investments.
[millionday] 7 - establishment of naval fleet Iraqi partnership Iraqi - an international, contributes to the transfer of crude oil, gas and petroleum products by Iraq, in the export side, in order to maximize the added value of oil Almusdromstqath,
on the other hand, takes the fleet of transport and other national trade import to Iraq, to maximize the diversification of activities Amolh of income in Iraq. To contribute to the state and the Iraqi private sector and foreign companies proportionate shares in the fleet.
[millionday] NOTE -- THE AGREEMENT OF NATIONAL TRANSPORTATION OF CRUDE OIL PRODUCTS
[millionday] We would like to note that maximize the economic partnership between the state and the private sector, should be adopted, as a platform to build the national economy for the next phase; (State Economic Partnership).
[millionday] THIS NEXT PART IS ALL ABOUT THE STATE ACTIVATION OF THE OPENING OF THE ECONOMIC REFORM FOR THE COUNTRY -- PRIVATE SECTOR AND NATIONAL ECONOMY
[millionday] 8 - the amendment of Article 28 of the Banking Act No. 94 of 2004, (prohibited activities), to allow banks to invest in joint activities mentioned above and be Athandha, (Public Finance and the Central Bank), encouraging and guarantor of liquidity of banks participating in the investment,
especially when exposed the bank to a liquidity crisis where it is difficult Filter investment interests in real research topic, and be regulated by law or regulation.
[millionday] NOTE -- SOME INVESTMENTS ARE NOT POSSIBLE BY BANKS DUE TO THE STAKEHOLDERS AND THE ACTUAL JOB OR PROTECTING THEM AND THEIR SHARES AND STAKES
[millionday] 9 - Create a bank of Iraqi expatriates, or a bank window inside and outside the country who wish to Iraqi expatriates in the investment banking deposits in Iraq, to be exempt from tax revenues, and enjoy the freedom of foreign exchange without restrictions.
And granting expatriates the right to direct the investment of those deposits or revenue under the Investment Law No. 13 of 2006 as amended.
[millionday] ALMOST DONE
[millionday] 10 - as long as Iraq will be dependent on gas supplies from the Islamic Republic of Iran for quite a few, to run power plants, as well as to provide a supply of direct electric power, it was proposed to pay the prices of imported gas and supply Alambashrelltaqh electrical cross bartered crude oil to the Iraqi equivalent.,
And I use the same principle with foreign oil companies operating in the fields of southern and central Iraq, and its payment in kind and the expansion of this principle.
Thus, this proposal will ease the cost of service contracts or other contracts with foreign companies that charge their fees in cash for the theoretical energies of the oil fields developed, and the availability of additional quantities of oil are due to development and that are difficult to export because sometimes the international market fluctuations.
millionday] Note that this proposal achieves something of a hedge about the decline in global oil demand in some seasons, and at the same time provides an additional financial stable Iraq by maximizing the flow of the country's oil exports.
11 - Re-evaluating strategies National sixteen currently approved and endorsed by the Cabinet in the light of proposals Anfa or any other proposals offer a way to achieve harmony in the vision of economic and social future of Iraq, to take over the House of Representatives legislation such strategies first,
in order to be binding on the long-term and then give the executive branch the power to modify them whenever necessary, which is to achieve compatibility and relevance of the objectives of the annual federal budget, allocations and short-term, and long-term strategic goals in implementation and through five-year plans. *) An economic researcher and deputy governor of the Central Bank of the former Iraqi
[millionday] SO THIS IS SAYING THAT THE NEEDS THAT ARE EXISTANT IN OIL VARY AND THEY ARE GOING TO ADJUST DUE TO THAT BUT ALSO AVERAGE THE CONTRACTED AMOUNT THAT THEY HAVE STATED THEY WOULD PRODUCE --
[millionday] SO THEY ARE STATING THAT THEY ARE GOING TO GO ALONG WITH ALL CONTRACTS THAT ARE IN PLACE AND ARE MOVING TOWARD ALL THAT IS IN PLACE ----
THIS IS HUGE AND WE CAN CALL THIS HUGE PROGRESS AND IT LOOKS AS IF THEY ARE ALL TALKING ABOUT ENTERING THE GLOBE WITHOUT A DOUBT --
[millionday] NOT A BAD NEWS NIGHT TO SAY THE LEAST
[graylnjo] I'm VERY uncomfortable with Maliki still around. He could weasel his way back in and stop all this progress in its tracks, couldn't he???? I know, wash my mouth out with soap!!!
[millionday] HE IS PUSHED TO ACCEPT THE POWER SHARING NO MATTER WHAT HAPPENS ---
[millionday] FINALLY -- DEMOCRACY IS TAKING ITS PLACE
[millionday] THANK YOU ALL -- WOW HUGE NEWS TONIGHT TO SAY THE LEAST