Millionday News 6/9/15 Part 1 of 2
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Millionday: Ministry of Commerce announced, Monday, that Iraq will participate in the work of the International Economic Forum to be held in St. Petersburg in Russia for the period from 18-20 of this month.
The ministry said in a statement the agency / information / received a copy of it, that "Iraq will participate in the work of the International Economic Forum, represented by Minister of Commerce Mlas Mohammed Abdel-Karim, which is held in St. Petersburg, Russia, for the period from 18-20 of this month, to discuss topics related to energy, oil, trade and economy Universal over the three days.
Millionday: NOTE -- IN A WEEK AND A HALF IRAQ WILL BE AT THE INTERNATIONAL ECONOMIC FORUM -- NICE
Millionday: NOTE -- PAY CLOSE ATTENTION TO THE PROMISE
Millionday: The statement added that "the first day will discuss the steady growth of electronic commerce and the European Union Economic and witness the second day of globalization of international trade or regional as the third witness lectures at the possibility of the growth of the knowledge economy.
The statement pointed out that "Mlas Abdul Karim promising Iraqi paper to be discussed at the conference include the perspective of Iraq in several economic and trade issues, conferences and indicators of the global market.
Millionday: NOTE -- THE PAPER TO BE PRESENTED ABOUT IRAQ GLOBALLY IS ECONOMIC AND TRADE -- AND BEST OF ALL THE INDICATORS WE WILL BE THE MOST OF THE INFORMATION I WILL BE SEARCHING FOR - SMILE
Millionday: The ministry stated that "the Russian ambassador to Iraq, during a meeting with Secretary General of the Council of Ministers formally invited to Iraq's participation in the St. Petersburg International Economic Forum".
Millionday: SO HUGE AND A HUGE SIGN COMING FROM IRAQ`S DEPARTMENT OF COMMERCE THAT IRAQ IS READY FOR TRADE GLOBALLY -- DUE TO DEFINING COMMERCE -- LOGIC
.VIP.blossom: Is this an annual event and this is the first time they have attended?
Millionday: I HAVE NOT LOOKED BUT CAN SAY THIS IS THE FIRST TIME I HAVE SEEN A GLOBAL ANNOUNCEMENT FROM THE DEPARTMENT OF COMMERCE
beth: Does this "and witness the second day of globalization of international trade" mean what I think it does or want it to mean that the Iraqi Dinar will be Internationally recognized?
Millionday: I DONT KNOW
Millionday: I HOPE SO BUT WOULD RATHER SEE IT IN INK
tman23: Do you find it odd that Iraq would attend.......even though the G7 is boycotting Russia along with 20 other countries
Millionday: NO -- I DONT BUT HAVE SOMETHING FROM ABADI ON THE G7 FOR US TO SEE
thomas1: this millionday and tman23 do you think if the kurds do not get what they want by july 2015 will the walk and cause a problem with the rv
Millionday: I DONT UNDERSTAND YOUR ???
Millionday: THIS IS NEWSTIME
Millionday: THE KURDS HAVE GOTTEN MORE THAN ANYONE THOUGHT THOUGH
Millionday: THE TEMPORARY LAW THEY WILL BE USING IS THE ERBIL AND IRAQI FEDERAL OIL AGREEMENT -- BECAUSE NOT ENOUGH TIME FOR HCL -- SO TRUST NO TIME TO WAIT WAS EXCITING
Millionday: DOES THAT ANSWER YOUR ??? OR DID I MISUNDERSTAND?
thomas1: i guess ... sorry did not mean to upset your flow ...just hear all the stuff in the news the kurds are ready to walk in cnn ,mnbc and fox .
Millionday: YOU NEVER INTERRUPT HUN I JUST DIDNT UNDERSTAND IF YOU WERE TALKING ABOUT A COMMENT OR NOT -- SORRY HUN
Millionday: NOTE -- INFORMATION FROM SALEH -- ALWAYS LOVE HIS INPUT
Millionday: Adnan Abdul Hassan called on the House of Representatives of the Federal Government to speed up the passage of banking law Islamic inactivated in the committees of Parliament for nearly 3 years, while experts say that the law in the event of entry into force will be an important factor to attract money. "
said the prime minister for economic affairs adviser appearance Mohammed Saleh, in a press statement, the disabled law in the House of Representatives for nearly 3 years, and we hope to read and vote on it as soon as which depends on Halal and Haram and profit and loss and the system of participation, "he said, adding," The banks are currently operating in Iraq Law banks No. 94 for the year 2004 private banks usurious.
Millionday: NOTE -- COST ANALYSIS AND OF COURSE THE REMITTANCE -- THE LAWS NOW ARE FROM 2004
Millionday: Saleh explained: "The central bank is working instructions do not live up to be Mistoy law," stressing "the urgent need for a modern Islamic banking in accordance with the law regulating its work,
noting that the central bank discussed the draft law in the past by giving free loans of usury interest and engage in commercial activity across Murabaha and Istisna'a and fish and take the profit and loss equally with the borrowers other than those working on other interest-based banks. "
He pointed adviser Abadi "The positives of the law is to give an incentive to pay the wheel of investment and reconstruction, and creates competition between banks being will affect the nature of the Special government banks, "noting that" the Islamic regime is supported globally.
Millionday: NOTE -- THE ISLAMIC BANKING LAWS SEEM TO MOVE ALL BANKING LAWS AND ACTION/POLICIES GLOBALLY -- HUGE HUGE
Millionday: In the opinion of experts and specialists in economic affairs that the activation of the Islamic Banking Act will lead to a negative impact on banks that give high interest rates of up to more than 8% private governmental banker Rasheed and Rafidain who rely the style only profit and rely on the financial interest, the exact opposite of the Islamic system.
" For his part, economist Mohsen al-Zaidi to Islamic banks and loans and all other considerations constitute a factor strong attraction to attract private capital and is one of the best funds for government institutions, "adding "The Iraq has nine private including Mesopotamia Bank, which was established by Government Decision No. Islamic banks (95) for the year 2012 with a capital of 50 billion dinars.
Millionday: NOTE -- THE COST ANALYSIS TO ME WOULD BE THE BENEFIT OF GLOBAL RELATIONS AND OF COURSE ATTRACTING CAPITAL -- OUTSIDE OF THE INTEREST -- THE BENEFIT IMO OUTWEIGHS -- SMILE
Millionday: He pointed out that "Islamic banks play a large role and engage in banking activity even at the level outside Iraq, including In so doing finance and investment in various projects,
"calling on parliament to speed up passage of the law and enter into force in light of the economic challenges faced by the country." He said Zaidi in in a press statement, that the positive effects will be reflected in the development of the financial and banking sectors in the event of the new law,
Add to that would be to attract money when citizens and a large interaction and support the establishment of private Islamic finance issued accounting and legitimate instructions Muslim to be a handy tool for banks and institutions, consulting firms, "
Millionday: NOTE -- ACCORDING TO THIS -- THE ISLAMIC BANKS WILL BE MOVING IRAQ FORWARD IN ALL FINANCIAL DEVELOPMENT --BANKING SECTORS -- SUPPORTING THE MASSIVE ESTABLISHMENT OCCURRING
Millionday: "explaining" that the nations of the world prior to Iraq and benefited greatly from the experience, and there are edifices and Mtart built according to the Islamic system as It happened in Malaysia and avoid moving away from commercial loans characterized by a significant rise in its benefits. "
, and the Government has already succeeded in opening Islamic windows in the Rafidain and Rasheed met with widespread demand from the public, which led to encouragement towards opening a local Islamic banks or foreign more in. "
Millionday: SO ALL OTHER COUNTRIES HAVE HUGELY BENEFITED -- OBVIOUSLY THE GOAL OF IRAQ
Comments may be made at the end of Part 2 Thank You