Millionday News 10/13/15 Part 2 of 2
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Millionday: NOTE -- THIS WOULD BE THE IMPLENTATION OF CONSUMER PROTECTION AND CUSTOMS --- THE LABOR LAWS WOULD ALSO INTERACT WITH THESE STATEMENTS
Millionday: .13 Reconsider the financial and fiscal and monetary policy.
Millionday: WHOOPOW >>>>>
10………… Third: to encourage a shift towards the private sector
Sustainable economic growth generator of income depends on the ability of the private sector development
To provide the best work and assume responsibility towards society and the chances of re-division of roles between
The government and the private sector, which requires a revision of the laws and regulations governing the work
So as to ensure the provision of an encouraging investment climate to attract capital as well as the promotion of industry
And trade, agriculture, tourism, and provide the necessary infrastructure to create additional sources of funding
General budget of the state, rather than total reliance on oil.
Millionday: NOTE -- OBVIOUSLY IT IS VERY OBVIOUS WE HAVE BEEN WATCHING THESE STEPS THROUGH INK
Millionday: Strengthening the role of the private sector in the areas of) communications, the Internet and information technology
The postal activity
0.2 Encourage strategic partnerships with foreign investors and local competent.
0.3 Change the structure of the industry for the benefit of the private sector and private sector development through re
Restructuring of state-owned enterprises and converted to the private sector.
0.4 Increase the efficiency of the legislative system to work industry.
0.5 Activation of the approved national Balstrutejiat related investment and the private sector.
0.6 Supporting investment in various sectors and conditioning environment and legislative and financial Altaatnzimih
In order to achieve a sufficient stimulus to investment activity.
Millionday: SO OBVIOUSLY -- ABADI`S DOCUMENT OF HONOR TO THE CITIZENS IS A VERY ENCOURAGING ONE FOR ALL INVESTORS -- SMILE
Millionday: THE REST OF THE REPORT IS IN THE FORUM --
Millionday: THIS IS WHY THE REFORMS AND THE GOVERNMENT PROGRAMS ARE ENCOURAGING FOR IRAQ `S INTERNATIONAL ACCEPTANCE -- IT IS PART OF THEM
Millionday: HOLD ON TO YOUR HAT AND READ EVERY WORD >>>>>>>>>>>>>
Millionday: Despite the financial challenges faced by the country, but the government successes recorded at the level of economic reforms that need to be legislation laws and modify other supported and allow its application on the ground properly and as planned,
according to what he sees as observers »Sabah». The Council of Ministers endorsed the reforms presented by Prime Minister Dr. pack. Haider al-Abadi, backed by vote of the House of Representatives unanimously
Millionday: NOTE -- THE VOTE OF ECONOMIC REFORM LEGISLATION IN ITS ENTIRETY ----WAS VOTED THROUGH UNANIMOUSLY!!!!!!!!!!!!! WHOOOPOW
In this regard, he saw the researcher and observer of economic policy Rahim al-Shammari said government reforms, especially in the side Economic must be associated steps research strategy,
taking into consideration the laws and regulations, decisions and regulations in force in Iraq and the legislator and outgoing since years ago to organize the Iraqi economy.
Shammari said in his statement »Sabah», that these reforms need to sustainability and monitor the implementation is done through paragraphs of the legislation in Budget open the door to economic progress and expansion of investment, which has recently declined due to security conditions experienced by the country.
Millionday: NOTE -- THE ECONOMIC REFORM LEGISLATION OPENS THE BUDGET AND INVESTMENT
Millionday: He also stressed the actual need for the facilities and controls and proper planning in the management of public funds, especially as the country in urgent need for projects that help absorb unemployment, extending citizens important services such as electricity, roads and bridges, sanitation and others, in addition to the advanced projects and modern services in the transport, logistics, marketing, noting that
Millionday: NOTE -- THE PROVINCES AND DEPARTMENTS MUST MONITOR THE PUBLIC FUNDS FOR SUCCESS IN THE PLAN AND DEVELOPMENT
Millionday: READ EVERY SINGLE WORD >>>>>>>>>>>>>>>
Millionday: The crystallization reforms paths laws of modern legislation and strategies in line with the new phase experienced by Iraq, to fit with the demands of citizens set up projects and to simplify procedures and provide a safe work environment and activate the control, and the elimination of financial and administrative corruption.
And inter-Shammari said the financial crisis added burden another package of reform, but the government teams (representatives from government departments, and private sector) operating in coordination with the advisers have found visions of alternative ways to support service sectors and a shift toward a market economy through the work package supports the private sector and partnership with the public sector, backed by the constitutional and legal frameworks,
Millionday: NOTE --- THEY HAVE FOUND WAYS THROUGH THE REFORMS TO MOVE TO A MARKET ECONOMY WITH THE WORK PACKAGE WHICH SUPPORTS THE PRIVATE SECTOR AND PARTNERING WITH THE PUBLIC SECTOR ---- WHOOPOW
Millionday: NOTE -- THEY HOPE THAT THEY WILL HAVE HUGE SUCCESS WITH THE REFORMS AS WAS WITNESSED IN EU DURING THEIR TRANSITION
Millionday: NOTE -- IF MONITORED PROPERLY >>>And finds Observers in the financial and economic affairs, told »Sabah» that government reforms issued by the Council of Ministers package would fill a large part of the federal budget for the next year they include reducing its number of ministries and the abolition of some of the bodies and reduce the large number of protections officials, Marjaheen that these reforms, if implemented in a practical and effective will provide about 30 percent of imports in 2016 budget
Millionday: NOTE -- THE REFORMS WILL HAVE A HUGE IMPACT AND FILL A LARGE PART OF 2016 BUDGET WITH THEIR SUCCESS
Millionday: reason to bypass the big concerns on the Iraqi economy in the event of continuing decline in world oil prices. According to a member of the Finance Committee MP Faleh applicable in a press statement that the reforms passed by the House of Representatives package will provide about more than $ 10 billion.
Millionday: SO -- THEY HAD A PRESS RELEASE TODAY ANNOUNCING THE PACKAGE OF LEGISLATION BEING VOTED THROUGH -- WHOOOPOW
Holly1: Did you see on the smart card side Dr Shabibi is still working .. and I asked a Iraqi and he said shabibi still in Iraq ... his words not mine ...... Whoopow
Millionday: I SAW THE PICTURE OF SHABIBI BUT DISAGREE ABOUT HIM BEING IN IRAQ -- HOWEVER HE HAS BEEN A HUGE FORCE IN THE ECONOMIC PLAN OF IRAQ
Holly1: as I said thats a Iraqi opinion not mine ... and TYVM ....
sassy: Do you have ink on the press report. Would love to see it or was that it?
Millionday: THAT WAS THE PRESS REPORT WE WERE LOOKING AT HUN
Millionday: SASSY -- I MAY HAVE MORE ON IT AND WILL BRING IF I DO HUN
quicktolegit96: U SAY PACKAGE OF LEGISLATION VOTED THROUGH? IS THIS THE REFORMS OR ALL LAWS, JUST WANTED TO CLARIFY? THX
Millionday: THIS IS THE LEGISLATION THAT NEEDED TO PASS FOR THE ECONOMIC REFORMS TO BE APPLIED
sassy: Millionday where does it say voted through or did I miss it?
Rudie: The Council of Ministers endorsed the reforms presented by Prime Minister Dr. pack. Haider al-Abadi, backed by vote of the House of Representatives unanimously
The Council of Ministers endorsed the reforms presented by Prime Minister Dr. pack. Haider al-Abadi, backed by vote of the House of Representatives unanimously
alphaone2: What does that mean for us investors Legislation being voted thru
Millionday: THIS MEANS THAT THEY ARE PREPARED TO IMPLEMENT THE ECONOMIC REFORM PACKAGE DUE TO THE LAWS THAT NEEDED TO SUPPORT ALL THE CHANGES HAVE BEEN PASSED
Millionday: ISLAMIC BANKS ARE INVESTING/FUNDING WITHIN THE DEVELOPMENT PLAN IN IRAQ
Millionday: Baghdad Imad emirate explained academic that the money sources of Islamic Banks and economic activities comes from two sources, the first internal represented by capital which is intended in Islamic thought (out of money) any that part of the allocated to the project when it was founded monetary wealth, and added to that part is a set of money invested and known as the (trade money).
Millionday: The capital can be defined in the Islamic Bank as a group project, the owners of the contributions at the beginning of its establishment and the net extra money (cash and kind) which is the difference between what is added to it and taken from it in the later stages.
He added. Abdul-Zahra Faisal Younis from the Faculty of Management and Economics at the University of Mustansiriya, if capital does not represent only a limited percentage of the financial pot to commercial banks compared to the monetary mass pumped in the investment market that form deposits in various forms the largest content, it is the financial source of the most important for the Islamic Banks, which should be enough to cover their reserves.
Millionday: NOTE -- THE FUNDS WILL BE COMING FROM MANY DIRECTIONS -- HOWEVER -- THE ISLAMIC BANKS WILL BE INVESTING IN DEVELOPMENT/INFRASTRUCTURE ETC AND WITH TRADE
Millionday: and between Younis, Islamic banks, whether public or private or mixed take the form of joint-stock companies as painted border man-made laws.
pointing out that it is not an exception to the general context of the emergence of economic institutions in the framework of applicable laws and is mildly nascent the capitalist mode, so the view of many economists that the Islamic banks in terms of principles contradict the theoretical foundations that regulate the emergence Fla.modha the Islamic banks to contribute to a group of investors who are turning their savings into shares and bonds of these banks allow them to speculate.
Millionday: NOTE -- ANOTHER WAY THAT IRAQ WILL GAIN IS BY THE GAINS IN THE STOCK MARKET
Millionday: NOTE -- I AM NOT AN EXPERT BUT ---- FUTURES ARE PART OF THE MARKET GROWTH ----THE BEST PART IS OF COURSE IS THE DISCUSSION HERE OF THE STOCK MARKET GAIN IN VALUE
Millionday: NOTE -- THEY ARE EXPLAINING THAT EVERYONE CAN GAIN IN THE MARKET (OR LOSE OF COURSE) ----- THIS IS INTERESTING TO IRAQIS
Millionday: Vaharik is ultimately to ask about everything that affects the company is not within the limits of its share of assessments but extends the scope of responsibility, even in own funds not covered by the company's contract because it is in the eyes of Islamic jurisprudence acting on his behalf and on behalf of its partners.
He concluded that, «to Aasah dividend only after (silvering) capital in the sense confined and select it, and here comes the Islamic banking policy in the composition of reserves, including through maintaining the value of the deposit has, either external sources of financing are deposits invested by Islamic banks to achieve profits flow from this investment, whether solo or in combination with other companies and institutions».
Millionday: UNDERSTAND THAT THE DISCUSSION ALONE ------ LOVE IT
wkachele: Just curious on one of the guidelines regarding Abadi's idea of secure and stable? And more importantly, secure is one thing, stable is another which could require a timeline and more waiting?
Millionday: ABADI`S IDEA IS NOT THE MOST IMPORTANT IMO --- YESTERDAY THE UN ANNOUNCED THEY ARE BACKING THE REFORM PACKAGES OF IRAQ AND THE WORLD BANK AND IMF HAVE ALSO ENDORCED THE REFORM PACKAGES ---
Millionday: THE COUNTRY IS NOT ABLE TO JUST SIT AND WAIT FOR PEACE -- THEY HAVE TO SAVE THEIR ECONOMY IMO
Millionday: SOMEONE SENT ME THIS FROM A REPORT IN THE NEWS
Millionday: I FIND IT AMAZING
Millionday: READ EVERY WORD AND LOOK AT THE FIGURES
Millionday: "The budget of 2015 free of the fiscal deficit, but achieve financial abundance is estimated at 500 billion dinars due to the Ministry of Finance, which relied on the launch of the budget monthly disbursement plan and not all at once, in addition to applying the principle of austerity and guidance in spending, with most departments and ministries of state."
He noted that "oil export rate was during the current year amounted to three million barrels and 150 thousand barrels per day, contrary to what was planned in the budget, due to fulfill the Kurdistan region oil agreement"
Millionday: SO THE 2015 BUDGET IS SHOWING FINANCIAL ABUDANCE OF EST 500 BILLION DINARS
Millionday: THINGS THAT MAKE YOU GO HMMMMMM
Millionday: HAVE A GREAT NIGHT
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