Millionday News 1/20/15 Part 1
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Millionday: Decided the Council of Ministers , on Tuesday, forming a crisis cell headed by Prime Minister Haider al-Abadi and membership and finance ministers, oil and Planning and the Governor of the Central Bank shall establish the priorities of exchange.
Millionday: NOTE -- A GROUP I WOULD LIKE TO TALK TO !!!! -- THEY ARE FORMING TO DECIDE THE PRIORITIES FOR EXCHANGE
Millionday: A spokesman for the Prime Minister's Office tributary Jabouri in an interview for "Alsumaria News" "The Council of Ministers decided, during its meeting held on Tuesday, forming a crisis cell headed by the Prime Minister and the membership of the finance ministers and oil and Planning and the Governor of the Central Bank shall establish priorities for exchange."
Millionday: NOTE -- WE WILL HAVE NEWS ON THE MEETING AS WELL
Millionday: He Jabouri "after the formation of the cell, will emerge on the basis of which the crisis cell in each ministry in order to cut costs and increase the resources of the state treasury,"
adding that "the Board decided the continuation of the work of the balance problem of the deputies of the prime minister."
The Prime Minister's Office announced on Saturday (November 29, 2014), the Council of Ministers formed a ministerial committee to determine cut expenses all ministries in order to reduce the budget deficit in 2015.
Millionday: SO THIS WILL GO ALONG WITH CHANGES IN THE BUDGET TO REDUCE DEFICIT
Imperator: does this mean what we think it means?
Millionday: WITH THE LIST OF THE GROUP I WOULD SAY IT HAS TO DO WITH ECONOMIC REFORM
Millionday: HERE WE GO -- ANOTHER MEETING AND WE HAVE A LOT
Millionday: Regional Director for the Middle East and North Africa, said IFC of the World Bank, a pro Makhlouf: that global banks have expanded in the field of Islamic finance in order to provide financing for small and medium businesses.
The Makhlouf said in a speech at the regional conference to support the financing opportunities for small and medium businesses In Arab countries, the Middle East «has the highest rates of unemployment and more than half the population of young people under the age of 25,
which imposes significant challenges» he said, adding that according to studies «it has to be the creation of a large number of job opportunities in the Arab region so that we can maintain the current unemployment rates ».
Millionday: NOTE -- IRAQ IS UNDER ISLAMIC BANKING AND NOW THEY ARE SAYING THAT THE GLOBAL BANKS HAVE EXPANDED INTO THE FIELD OF ISLAMIC BANKING -- NICE
Millionday: The agency quoted the Egyptian official MENA news for Makhlouf cautioned that in order to reduce the unemployment rate «must create 100 million jobs by 2020, something that governments can not alone supplied» which requires the participation of the private sector,
which «can play a big role through small and medium enterprises which are the backbone of economic development in the Arab region finance. »
Millionday: SO AS WE KNOW THE INVESTORS AND THE PRIVATE SECTOR OF IRAQ ARE PLANNING ON WORKING TOGETHER TO ADVANCE IRAQ`S ECONOMY
SO OBVIOUSLY THE HUGE ADVANCEMENT COMING WITH THEIR REFORMS AND ACTIVATION OF A MARKET ECONOMY WILL PUSH THE GOAL TO REALIZATION FOR UNEMPLOYMENT
paul-o: "PRIORITIES FOR EXCHANGE", (article reference in previous group), as in for goods and services, right?
Millionday: WE WILL HAVE TO SEE WHAT THAT MEANS WITH MORE NEWS BUT THE GOV OF CBI BEING THERE AND ALL OF THE MINISTERS OF FINANCE MAKES ME BELIEVE THEY ARE TALKING ABOUT MORE THAN ONE TYPE OF EXCHANGE -- BUT NEED IT IN INK
Millionday: IT COULD MEAN HOW THEY ARE GOING TO EXCHANGE THE OLD BILLS AND BRING OUT THE COINS ETC AS THEY HAVE BEEN SAYING THEY WERE GOING TO DO –
OR IT COULD BE THE EXCHANGE WITHIN THE BUDGET -- EITHER WAY I LIKE IT
Millionday: WHOOPOW >>> READ EVERY WORD >>Yasser incumbent took the newspaper "morning" it upon themselves to adopt the contents of the government program in the vast fields, focusing on the most prominent side at this stage,
but the Hoalhakl economic basis of its commitment and sense of national, ethical and professional responsibility, so it is preparing to hold a forum "morning economic,
Millionday: NOTE -- THEY ARE GOING TO HOLD A MEETING ABOUT THE ADOPTING THEY ARE DOING OF THE GOV PROGRAMS AT THIS STAGE AND ITS COMMITMENT TO NATIONAL ECONOMICALLY AND ALL IT CONTAINS
Millionday: Why is this important and what is required submission?.
concentrated importance of this event being coincided with the busy all channels and state agencies of parliamentarians, government officials, Braaqtsadaan, men money and business and citizens, all interactive with the economic crisis faced by the country and looking for solutions.
Millionday: NOTE -- THEY ARE GOING TO BE RELEASING A LOT IN THE NEWS FOR THIS STAGE
Millionday: Here lies the importance of the initiative of the "morning" the holding of this forum, which is marketed directly to the requirements of the face of this crisis, in light of the causes, particularly the collapse of oil prices at a time when the country's budget relies on revenues,
and what were the expectations of economists Iraqis spillover effects of the crisis, even if the return prices to normal so it is essential that the focus of the forum discussions how to address them through activating the role of the private sector to prove its ability to perform its role.
Millionday: NOTE -- THEY ARE GOING TO BE ADDRESSING HOW THE IMPACT OF THE PRIVATE SECTOR CAN BE THE LARGEST POSSIBLE SUE TO THE LOWER OIL PRICES AND THE GOAL FOR THE ECONOMIC REFORM
Millionday: chose the forum are three basic themes: banks, investment and privatization that have Dorvi contain the effects of the crisis, so it requires the identification of the discussions in the light of the vision of the private sector as on the possession of the possibilities of the availability of the money supply storehouse has at public through its axis first banking sector
and submit proposals to ensure its investment is required to listen to arguments and provide implementation requirements by simplifying procedures and the partnership that we are looking for the synthesis of expertise and money to make it impossible to confront the crisis.
Millionday: NOTE -- THEY ARE GOING TO ADDRESS HOW THEY ARE GOING TO EFFECT THE CRISIS THE LOW PRICES HAS CREATED BY USING ALL THE BUSINESS THEY CAN CREATE -- MEANING INVESTMENTS --CONTRACTS ETC
Millionday: Investment sector and Homhor at least as important as a precedent for Apple depends entirely on the banking sector strength and the attributes of the local liquidity Aumajtzbh partnership to simplify its inception with a reminder of the importance of not relying on public spending
but activating the role of the private money, it has to be listening to the logic of the sector, required executive agencies to simplify procedures and facilitate the task.
Millionday: NOTE --APPLE NEEDS THE PRIVATE MONEY ACTIVATED -- A MARKET ECONOMY WOULD HANDLE THAT --
Millionday: The third axis, is the privatization sector is the savior of the national production in the light of real economic crisis strong collapse TTM main oil prices, meaning that that I appreciate the public companies and factories funding under this crisis by,
and the importance of privatization lies in the possibility of increasing the contribution of production and service sectors in total GDP, which enrich us from dependence on oil rentier in funding budgets and thus Masshabbah "and Mrkzabbah for Strategic Studies in creating a true partnership between the private and public sectors contribute.
Millionday: SO THEY WANT TO BALANCE THE REVENUES SO THAT THEY CAN REACH THE GOAL FOR THE GDP AND THEIR EXPECTED CALCULATION FOR THEIR ECONOMIC VALUE
vanessa123: MD, I have a difficult time understanding all I read, but it sounds great. Do you think this process is for immediate, or for the coming months?
Millionday: I DONT HAVE A DATE BUT WISH I DID -- THESE MEETINGS SEEM TO BE VERY QUICK AND ALSO THE BUDGET MEETING IS SUPPOSED TO BE WED ---
SO IT LOOKS AS THOUGH THEY ARE WORKING TO MOVE ON THEIR REFORMS
Imperator: VERY INTERESTING WORDING, ACTIVATION OF PRIVATE MONEY?
Millionday: I AGREE -- PRIVATE MONEY WOULD BE FROM THE IN COUNTRY TAXATION AND REVENUES AND MARKET
Millionday: Fatlawi requires the advancement of the investment sector in close cooperation mechanism with the banking sector, which represents an important focus for the success of the investment operations in Iraq, including the offer of sophisticated products facilitate the smooth flow of funds for various projects passage.
Banking expert Samir Alnasiri He pointed to the importance of the existing laws, especially those relating to some of the material investment and relationship with the Iraqi banking sector was obstructive in front of the new building of the economy.
Millionday: NOTE -- THE BANKING IS BINDING TOGETHER TO PROMOTE THE INVESTMENT IN IRAQ THEY ARE TRYING TO ATTRACT
Millionday: He pointed to the importance of coordination between fiscal and monetary policies and confusion economic vision and the adoption of all annual public budgets on projected production
and marketing of oil and large ambitions revenue economic development without that there will be an insight into the presence of promising economic strategy consistent with the possibilities and capabilities of physical and structural and available human energies.
Millionday: NOTE -- HE IS CALLING FOR THE ACTIVATION OF THE ENTIRE ECONOMIC REFORM AND SO THE CHANGES NEEDED AND READY FOR THE JOINING FO INTERNATIONAL BANKING AND ACCEPTANCE
Millionday: and investment incentives in the financial sector and make it a supporter of the rule of public investment in the country pointed Alnasiri to the need to reduce restriction and militancy in the supervision and control of the banking sector measures Special,
which constitutes 48 commercial and Islamic banks, as well as Arab and foreign banks branch compared with 6 state banks account for 86 percent of the civil and government deposits and capital does not exceed the relative importance of 31 percent compared with total funds of private banks capital.
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