Millionday News 9/16/14 Part 1
Welcome to dinarupdates.com for news time with Millionday!
[millionday] WELCOME EVERYONE -- BGG ALSO HAS A CALL THAT WILL BE READY FOR YOU AFTER NEWSTIME SO LOTS OF NEWS TONIGHT
[millionday] OK HERE WE GO
[millionday] Iraqi lawmakers say the country's prime minister has made his decision on the remaining posts in his Cabinet, including the critical positions of interior minister and defense minister.
Hussein al-Maliki and Hamad Saadoun, two lawmakers with Prime Minister Haider al-Abadi's State of Law bloc, say the Iraqi premier will name Sunni lawmaker Jaber al-Jabberi as defense minister, and Riyad Ghareeb, a Shiite lawmaker with the State of Law bloc, as interior minister.
The lawmakers say that the selection of Ghareeb has been met with some contention, mostly from the Shiite Badr Brigade, but say that the decision is final. Parliament approved the majority of al-Abadi's Cabinet on Sept. 8 and officially voted him in as the country's prime minister.
[millionday] SO NOW WE HAVE THE DECISION OF THE DEFENSE MINISTER AND INTERIOR –
FINALLY AFTER ALL THESE YEARS SO NOW IT WILL BE FOR VOTE AND FINAL
[millionday] HUGE HUGE PROGRESS FOR IRAQ SMILE BRB WITH MORE
[counselor.stratton] I read this report earlier on Fox News. I'm confused since they plan to vote Thursday after not coming up with a vote today that was agreed on?
[millionday] THE NAME HAS BEEN GIVEN BY ABADI AND THEN IT HAS TO VOTED THROUGH BY PARLIAMENT FOR IT TO BE OFFICIAL --
[millionday] THE MINISTER OF WATER RESOURCE WILL BE WITH IT OR SHOULD BE
[mudder] Isn't there an article in the bloc that says theses two didn't make the cut???
[millionday] I DONT KNOW IF THERE IS HUN THIS IS JUST WHAT I HAVE BUT I HAVE MORE ON IT THAT WILL BE COMING THAT IS MORE RECENT AS WELL SO WE WILL SEE
[millionday] LETS GET THROUGH ALL OF WHAT I HAVE AND THEN WE WILL KNOW
[millionday] HERE WE GO
[millionday] In line with the political and economic transformations in Iraq, and the development of the basic rules and the correct path for legislative reform, called Mokhtassan economic affairs higher authorities to support the initiative of legislative reform (insistence)
urged ministries and other institutions to cooperate with this program in coordination with the legislative authority to proceed with the legislation of these laws basket and one,
where they were to adopt the idea of an organizational structure for the project (insistence), who worked Review Iraqi laws issued since 90 years so far, and work on the trim and the abolition of laws that intersect with the stage of economic development that sought by the country.
[millionday] NOTE -- THEY WANT THE LAWS FOR THE ECONOMIC REFORM VOTED THROUGH IN ONE BASKET AND THE ONES THAT DONT GO WITH THE NEW IRAQ THROWN OUT
millionday] updated policies former congressman Abdul Abbas Xiaa confirmed »Sabah» need to abide by the constitution in the reform of economic legislation, the according to the article (25) which states that:
«The State shall ensure the reform of the Iraqi economy according to modern economic bases at both the legislative and executive ».
so fired the previous government, according to Xiaa through the advisers and the support of the United States Agency for International Development (USAID) initiative legislative reform (determination) to update policy,
legal, regulatory and improve the framework tools legislative policy of the business environment and the abolition or update Iraqi legislation which is inconsistent with the practices Legal encouraging for the economy Alsoq.oadav:
CONSTITUTION -- THE CONSTITUTION STATES THAT IRAQ LEADERS WILL BRING THE ECONOMY TO ITS MODERN FORM FOR THE CITIZENS AND THEIR FUTURE (IN SO MANY WORDS)
[millionday] "The Central Unit's (determination) has conducted an inventory and review of all legislative acts of the Iraqi state laws and regulations and instructions, regulations and rules and orders issued by the Iraqi authorities successive since 1917 up to 2012,
which is determined approximately 26 000 legislation was where nearly 2600 legislation that directly affect the economic activities, noting that in September 2013 began (insistence) review process of legislation and through the organizational structure of the project where raised three ministries (municipalities, trade, and agriculture) and the secretariat of Baghdad,
after a review by the sub-committees of these ministries, where they canceled the 100 pieces of legislation, the amendment 103, and keep the 121 legislation became ready in one basket.
[millionday] NOTE -- THEY HAVE REVIEWED THE LAWS AND NOW HAVE THEM READY FOR A ONE BASKET VOTE
[millionday] Development Gateway For his part, President of the assembly of the Iraqi industrial Abdul Hassan Shammari: The draft revision of the laws governing the work environment is one of the most important stages of economic construction, and represents the most important axes of investment promotion,
which is the gate of development of the productive sectors and Alkhaddmah.ofatt in an interview for the "morning" that the decline in production and services caused by the intersection of the laws that limit the implementation of many projects,
pointing to the need for the country to strategic projects and wide in all cities, as well as projects Linking international, noting that these projects need to be an attractive environment guarantor of capital and advanced technology with higher costs
[millionday] NOTE -- SO THEY ARE REMOVING THE LAWS THAT RETARD THE GROWTH OF IRAQ ECONOMICALLY TO BECOME AN INTERNATIONAL ECONOMY ---
THIS STRUCTURING HAS BEEN DONE AND REVIEWED WHICH OF COURSE IS GREAT NEWS
[millionday] stressed Shammari on the importance of the continuing efforts of government and in cooperation with the private sector during the coming period to accelerate the streamlining of existing laws and the abolition of which does not fit the economic transition towards a market economy
Open. modules ministerial in what is known Xiaa «project insistence» that organizational structure consists of leadership includes a number of advisers in the advisers to the Prime Minister's Office and the unity of the insistence of the central,
and includes a number of competent economists and legal units and cabinet consists of a number of staff specialists working under the supervision of the minister, adding
millionday] NOTE --- THERE ARE MANY SPECIALISTS THAT ARE WORKING ON THIS AND HAVE BEEN WORKING ON THIS
[millionday] >>>>> to stakeholder groups, educational institutions, trade unions, professional associations and civil, as it puts the basic rules and the correct path of legislative reform which would shorten the time to complete the legislative system that are commensurate with the new shift to a market economy and the creation of legal frameworks friendly business environment. ,
and expressed hope for cooperation and coordination between the executive and legislative powers to amend their internal systems and the exclusion of excess episodes in the course of legislative procedures of these laws as is the case in many countries that have turned their economies to market economies such as South Korea, Egypt, India, Mexico, China and other countries.
[millionday] SO AS WE SEE THE PURPOSE WAS TO ENSURE THE GREATEST SPEED POSSIBLE TO GET THE REFORM DONE ECONOMICALLY SO THAT THE NEW IRAQ CAN EMERGE
[millionday] OK BRB WITH MORE
[millionday] THIS IS GREAT -- THEY ARE PREPARED BRB
[millionday] Chancellor banking Dr. Essam Mahouelle that cooperation between banks and the Central Bank in relation to anti-money laundering operations will lead to the elimination of obstacles to reduce and prevent criminals from escaping their money bleached. Between told (morning) the importance of international cooperation in track crime and criminals and the confiscation of their money within and outside the country and the exchange of experiences and information and joint training to combat money laundering operations.
called to inform the public of this situation by exposing corruption and deviations administrative and verified by court orders and published in all media
[millionday] NOTE -- THIS IS TRANSPARENCY FOR THE EXCHANGE AND THE RECOVERY OF ANY COUNTERFEITED CURRENCY OUTSIDE AND INSIDE THE COUNTRY
[millionday] Stressing the need to set up a specialized department of the security forces to investigate and follow up on economic crime and money laundering and trace and follow the tactics of the seizure and referred to the specialized authorities in the fight against money laundering.
said that the establishment of SAIs sophisticated financial transfers and transactions that arouse suspicions or related financial crimes are reported, and the issuance of laws especially the fight against money laundering would find economic environment clean and free of cases of money laundering.
[millionday] NOTE -- THEY ARE GOING TO BE WATCHING VERY CLOSELY THE MOVE OF THE DINAR AND CHECKING TO MAKE SURE THEY ARE REAL AND REPORTING WHEN THEY ARE NOT WITH THE ORGANIZATION THEY HAVE SET UP HERE ----SAI
[millionday] pointed to the need to develop educational curricula and cultural across various media to create a culture of calls to save public money in addition to giving the role of the ministries of culture, education, global education, science and technology to develop a curriculum for each stage to meet Culture safeguard public funds and reduce the spirit of selfishness and individual Highness Spirit collective.
pointed Mahouelle that the reduction of smuggling the money the process of serving the national economy through maintaining the turnover of capital at home, including generates appropriate opportunities for work and infrastructure development, as well as to achieve this also contributes in Iraq to get a good reputation in the field of combating money laundering and activating the supervisory role on the movement of cash inflows and outflows from him both.
[millionday] SO THEY WILL CONTINUE TO WATCH IN ALL DEPARTMENTS TO TRY TO GET A HANDLE ON THE PROBLEM AS IT IS RECOVERED TO IRAQ AND WITHIN IRAQ
[millionday] BRB -- HOLD ON PLEASE
[millionday] LET S LOOK AT THIS -- IT IS LONG BUT VERY TELLING
[millionday] MINISTER OF PLANNING ON THE ECONOMY
[millionday] Fatlawi counting official spokesman of the Ministry of Planning, the phenomenon of "economic exposure" of the problem suffered by the Iraqi economy due to lower contribution rate other commodity sectors in generating GDP, pointing out that the percentage of its contribution estimated at 16.5 percent,
while estimates of the distributional activities by 10.6 percent and the activities of the service increased by 29.8 percent, the proportion of their contribution to a combined 57 percent. defines economic exposure as the country's dependence on financial resource and a single. expert said Abdul Zahra al-Hindawi, the "morning": that the ministry and through the National Development Plan seeks to address this problem and rid the economy of monounsaturated
[millionday] NOTE -- THEY ARE TALKING ABOUT THE EXPANSION OF OTHER FACTORS IN THE GDP OTHER THAN OIL
[millionday] suffered by adopting the 95 percent oil and reflected negatively on the sources of funding and thus the emergence of the phenomenon of "economic exposure" noting the importance of activating other sectors, sectors such as agricultural, industrial and tourism sector, which could be a dolly to the oil sector, he said.
Hindawi pointed out that the private sector Despite the approach of strategic demands to strengthen its role, but the percentage of its contribution to fixed capital formation did not exceed 6.4 percent,
which made him unable to lay the foundations for a market economy coherent generates safety for long-term growth accompanied by widening the scope of the informal economy in the economic arena
[millionday] attributing the cause to several factors, including internal and external pointing out that these factors lead to distortions in the path of macro and sectoral policies.
also pointed to the limited developmental role of the banking system despite the efforts of structural reform to improve efficiency and support the relevance of financial pointing out that the proportion of cash credit granted does not constitute only 5.9 percent of GDP.
regard to the structure of public spending between Hindawi said operating expenses constitute 68.3 percent of the total public spending at the expense of investment expenditure that amounted to 31.7 percent as well as it is still workers' compensation and pensions make up 50 percent of the Total operating expenses and
[millionday] NOTE -- THE OVERHEAD IS VERY HIGH FOR INDUSTRY WITH WORKMANS COMP ECT -- THEY HAVE TO EXPAND THE MARKET TO MORE INDUSTRIES AND MARKETS WHICH WILL COME WITH THE PRIVATE SECTOR HAVING FREEDOM TO EXPAND
[millionday] make up 34.3 percent of the total public spending, indicating that it is higher than the proportion of investment expenditure. seal Hindawi his reference to "traditional labor market Iraqi"
What made it a market is processions international developments and unresponsive to display quantitative growing labor force in terms of high rates of unemployment among graduates in the absence of an active employment policy and the role of the private sector is fragile despite efforts in the development of the institutional framework.
[millionday] AS OF RIGHT NOW THE LABOR MARKET WILL REMAIN LOW WITHOUT THE EXPANSION OF OTHER MARKETS -- THE OIL INDUSTRY IS LARGE BY PROPORTION ---
SO THE EXPANSION MAY LIE WITH INTERNATIONAL INVESTMENT BUT IS VERY FRAGILE AS THEY PUT IT HERE AND HAS TO EXPAND FAST IN ORDER FOR IRAQ TO GROW EQUALLY IN ALL MARKETS –
THE PRIVATE SECTOR WAS ENOUGH FOR THEM TO LIVE AND WORK AND IT WILL BE AGAIN --
[millionday] THE WORRY IS FROM THE DEPARTMENT OF PLANNING -- IT WILL TAKJE A WHILE TO RETURN -- THE IS NORMAL IMO
[Bookumdano] Just curious Is there any way to find out how much dinar was sold to all of the dinar dealers in the US and other countries? Just for Note count reasons.