Millionday 8/20/14 Part 1
[millionday] confirmed the CEO of Standard Chartered Bank International decaffeinated Wishart that Iraq has investment opportunities are large and this requires the availability of local banks sober able to meet the requirements of these investments .
jae it in an interview with him in front of a gathering of experts banks and their directors and members of the Association private banks in Iraq, and expressed hope that beyond the banks of civil obstacles that hinder their growth and development. and on the question of (morning) for areas that can be provided to the banking SECTOR
[millionday] NOTE -- THIS IS STATING THAT THEY ARE READY FOR THE BANKS TO BE PREPARED
[millionday] said Wishart: the way they are managed by the weak and the need to adopt international experiences in this area by adopting a international standards and specifications, declaring his readiness to provide assistance in the training of cadres banking cooperation with the Association to contribute to the transfer of expertise developed to have.
said at the conclusion of his speech: We came to Iraq to stay and offer our services exclusive to our customers from international companies that invest in Iraq are not competitors for its banks,
but we are working on the development of performance. , is expected to join Stnadr Bank to the activities of the Association and leading to the development of its relations with international banks.
[millionday] NOTE ---THEY ARE THERE TO STAY ----AND ARE THERE TO HELP KEEP INTERNATIONAL COMPLIANCE WITH ALL BANKS
[millionday] was President of the Association Wadih Handal had reviewed in his speech, which was started thanks to this initiative and the reality of the banking sector in Iraq, and pointed out that the statistics prepared by the CBI for Number of branches of private banks has reached 600 branches across the country,
indicating that their capital amounting to up to six billion dollars .ocd quest Association to achieve partnership with international banks in order to contribute to the development programs and the implementation of strategic projects in the country, also
[millionday] NOTE -- HE IS MAKING THE SPEECH ABOUT THE MOVE TO IMPLEMENT THE STRATEGIC PROJECTS IN THE COUNTRY
AND THE READINESS OF THE BANKS THAT HAVE MOVED TO ENSURE THEY ARE COMPLIANT WITH ALL THAT CBI HAS GIVEN THEM AS STANDARDS ---
THIS IS FOR GOOD -- AS HE STATED THEY ARE REMAINING NOW FOR ITS LAUNCH AND CONTINUED BANKING
[millionday] spoke Handal prospects Association where she is preparing for a conference banker to discuss what has been implemented from the decisions of the Banking Conference first held in Baghdad,
what has been implemented from the recommendations of the Conference of the Iraqi banking Lebanese, which was held recently in Berott.
ouhdhar meeting gathering of experts from the banking and interested economists and members of the Association of private banks in Iraq, Mohammed al-Dulaimi, director of banking relationships in Standard Chartered Bank representative.
[millionday] SO AS WE REMEMBER THE BANKING CONFERENCE GAVE ALL THE THINGS THAT HAD TO BE DONE FOR IRAQ TO IMPLEMENT THE BANKING REFORM
AND THEY ARE STATING HERE THAT THEY ARE DONE AND THOSE STEPS ARE COMPLETE -- THIS IS VERY EXCITING AND HUGE PROGRESS
[millionday] THIS ANSWERS SOME HUGE QUESTIONS FOR US
[millionday] Hussein al-Tamimi Tgb said Chairman of the Securities Commission d. Abdul Razzaq al-Saadi said the Iraqi Stock Exchange witnessed a significant recovery represents the high indices of trading to more than 100 points after he witnessed the movement of stocks contraction with the beginnings of the events of Mosul,
pointing out that this guide recovery and the reality of trading attributing the cause to optimism experienced by the country in light of the strikes painful for terrorism and achieve tangible progress in the political process.
[millionday] NOTE -- THE STOCK MARKET IS ACTUALLY GOING UP SO THAT WOULD BE FROM CONFIDENCE –
IT IS AMAZING DURING THE SECURITY ISSUES BUT THIS IS FROM THE SECURITES COMMISSION
[millionday] described Saadi case of variation in the value of shares traded within the Iraqi market for securities rise and fall the state of health which indicate ranges of movement Alaguetsad.
oukal in an interview (morning) that the contraction experienced by the movement of stocks at the beginning of the events of the city Mosul and lasted briefly, followed by a rise in indices of trading to more than 100 points,
and this is evidence of the recovery of the reality of trading, as witnessed last week to achieve trading in record numbers exceeded (859) billion dinars. value stocks and pointed out that the
[millionday] administration of the local bourse expected a slight decrease in the trading process, and this phenomenon of healthy and natural, in light of current data,
indicating that the global stock markets are reflecting the cursor rapid movement of the economy, pointing out that all international companies follow the movement of stocks and is keen to make a profit and abundant to raise the value of its shares.
trading contracts and touched on the ways to ensure the advancement of the movement of trading, saying that the
[millionday] conversion of public companies to contribution in addition to the inclusion of corporate mobile in the Iraqi market for securities does the movement of stocks and promote the movement of trade to the levels of a large raise from trading contracts,
and that it encourages the movement of domestic and foreign investment, stressing that this could be the exchange of to have Shan more on the economic level, the regional and international levels, especially that of joint stock companies will rise in the coming period with the growth of the local economy.
[millionday] NOTE -- HE IS AND THE COMMISSION IS EXPECTING THAT THEY WILL BE WITNESSING A RISE IN STOCKS AND SHARES WITH PROJECTS
AND THE GROWTH OF THE ECONOMY SO THAT JUST TELLS US THAT THEY ARE EXPECTING THE ECONOMIC REFORM AND PROJECTS COME FROM FUNDING -- WE LOVE THIS LOVE THIS
[millionday] flexibility of investment and pointed out that investing in the stock market is characterized by its flexibility, where the investor can move its shares from one sector to another in a short period by read the personal reality of investment in various sectors,
indicating that most investors are pursuing eagerly new companies listed on the Iraq Stock Exchange.
Saadi continued to talk and address the issue of conversion of public sector companies to the private sector through privatization after studying the subject in all its aspects and stand on what achieve the economic feasibility of the country.
[millionday] Pointing to the existence of a large number of public sector companies and the functions of different and effective can be activated via the adoption of a new mechanism to be converted and gradually to the private sector,
which has the capacity to rotate the wheel of production inside, and pointed to the existence of selectors in front of so ideas must cooperate concerned authorities to remove them in the forefront of disguised unemployment experienced.
sovereign fund and continued saying: that the formation of a sovereign fund must find a place within the roadmap ahead for the development of the local economy,
pointing out that this fund helps to provide effective solutions for the advancement of infrastructure projects needed by the country, especially that all Iraqi cities need to projects strategy raises the level of services in the country.
[millionday] NOTE -- UNDERSTAND THAT THE STOCKS FROM WHAT WE CALL UTILITIES AND ALSO THE PROJECT COMPANIES WILL EXPAND
AND RAISE WITH THE BUDGET FINDS BEING SENT FOR THE INFRASTRUCTURE IN THE PROVINCES
[millionday] NOTE -- HERE IS THE REST OF THE SPEECH
[millionday] orientations of investment and pointed out that he optimistic about the future of the Iraqi economy in light of substantial international support to Iraq and the visions of the new government to adopt a strategy promotes the Iraqi economy .
oakhtaatm Saadi his speech by saying: that the body is seriously committed to providing the best investment environment in the Iraqi market for securities contribute to attracting investors in a detailed stocks.
It also reveals that the body and in a transparent manner for the mechanics of trading daily and weekly and quarterly to investors in order to draw investment orientations under the available data.
[millionday] SO AS WE SEE THEY ARE GOING FORWARD WITH ISX TRANSPARENCY
AND IT IS OBVIOUS THAT THEY ARE HAPPY WITH THE MERGERS AND ALSO THE AMOUNT OF LISTINGS THEY HAVE FOR THE PHASE THEY SAY WE ARE IN ---
[millionday] Hussein al-Tamimi Tgb said banking expert Samir Alnasiri importance that the program focuses on the work of the Association of private banks in Iraq to achieve the goals of central require to meet the challenges faced by the private banks and find ways and mechanisms and new contexts and in coordination and cooperation with the Central Bank of Iraq,
which The management of monetary policy and trends that serve the national economy and pointed out in an interview for the "morning" to the need to work on building the introductions true for the transition to a market economy i
n accordance with the insight confirms that the private banking sector should play a leading role in partnership with all the episodes of macroeconomic in the economic process
[millionday] NOTE -- HE IS STATING HOW IMPORTANT THAT AL DIRECTIONS ARE CARRIED OUT TO ENSURE THEIR VERY IMPORTANT PART IN THE MOVE TO A MARKET ECONOMY IS DONE CORRECTLY
DUE TO THE IMPORTANCE OF EACH REGULATION AND POLICY IN THE MONETARY POLICY ---
WHICH IS THE HEART OF THE LAUNCH WITH THE ECONOMIC CHANGES AND THE FACT THAT THE BANKS HAVE MUCH TO DO WITH ALL OF THE CHANGES
[millionday] especially that Iraq is on the verge variables important political and economic objective is proper construction of the economy and the investment of national resources in order to achieve the well-being of the community.
pointed to the possibility of achieving it through three directions start of the relationship with the Central Bank of Iraq through activation of joint work with him and to address the problems of the private banks
and thereby contributing to finding an active role in the application of monetary policy and contribute to economic development.
[millionday] NOTE --- THE BANKS NEED TO ENSURE THEY DO ALL THEY ARE ABLE AND HAVE THE POWER TO DO AND TRAINING IN THE MONETARY POLICY APPLICATION SO THEY CONTRIBUTE ALL THEY CAN TO
[millionday] As well as organizing activities and specialized seminars and workshops jointly with the central bank and the financial and banking institutions, cultural centers and economic development in order to serve overcome the challenges faced by the Iraqi banking sector and reformed.
pointed to the importance of building bridges of cooperation with the government banks and in particular the Rafidain and Rasheed and Trade Bank of Iraq in order to overcome the obstacles to work in the private banking sector and the creation of cooperation and partnership in the plans and directions for the service of our national economy,
as well as working with the Central Bank as a team and not two, and the role of private banks supporter in safety applications monetary policy and achieve the goals central to economic development.
[millionday] NOTE -- THEY NEED TO USE ALL AVAILABALE TO THEM SO THAT MISTAKES ARE NOT MADE AND THE PROCESS IS A SUCCESS –
THEY HAVE MANY TOOLS AS LISTED HERE AND THEY NEED TO MAKE SURE AND USE THEM
[millionday] either second trend, it focuses on the importance of banking relationships with foreign through the development of new policies to deal with institutions and organizations, banking and financial Arab and particularly Association of Banks in Lebanon and the Union of Arab Banks and the International Union of Arab Bankers and the Association of Banks Jordan and associations of banks, other Arab states in the Gulf Cooperation Council and international organizations in Iraq and outside Iraq.
And that includes those policies dealing equal and mutual cooperation in the areas of technical support and training, rehabilitation and organizing joint activities inside and outside Iraq.
[millionday] NOTE --- THEY NEED TO ENSURE AND BUILD RELATIONS WITH INTERNATIONAL BANKS THAT ARE TAKING PART IN IRAQ AS THEY APPLY THE MONETARY POLICY
AND USE ALL TOOLS AND ALSO ATTEND ANY WORKSHOPS AND MAKE ANY CHANGES THAT MAY COME UP WITH THIS HUGE CHANGE IN THE COUNTRY
[millionday] promised the formation of a delegation representing the Association from within the administrative board and the banks members of the General Authority is important for the purpose of visits to the headquarters of these associations,
unions and the signing of memoranda of understanding and cooperation shared with them include privileges that will be obtained and training opportunities for staff of private banks Iraqi at the level of Arab and regional states in particular.
[millionday] NOTE -- ALL DOCUMENTS NEED TO BE SIGNED AS THEY COME UP AND THE RELATIONS NEED TO INCLUDE ANY TRAINING THEY ARE OFFERED
AND ALSO SEND THEIR STAFF SO THEY ARE AS INFORMED AS POSSIBLE
[millionday] Alnasiri between the cultural activity bank is preparing a plan for conferences and specialized seminars and training courses,
which will link set up and identify themes and to work to create the accessories and the focus is on the follow-up recommendations from the conference and the first banking organization in a banking conference to discuss the private banking business strategy for the next phase and
[millionday] the establishment of specialized training courses in coordination with the Centers for banking training in regional countries and banking experts Iraqis.
Pointing to the importance of the development of the preparation, editing and design themes and Doors contained Magazine (Iraqi banks) and re-considered in terms of the content and purpose and artistic craft.
[millionday] SO EVERYTHING THEY HAVE AVAILABLE NEEDS TO BE USED AND ALL OPPORTUNITIES SHOULD BE TAKEN ADVANTAGE OF WITH TRAINING OR EVEN ONE ON ONE HELP –
THE BANKS THAT ARE THERE WITH INFO ARE ALSO AVAILABLE ---
SO THIS IS AS THIS IS GOING ON ACCRODING TO THIS –
THEY ARE TALKING ABOUT DURING THE APPLICATION OF THE MONETARY POLICY AND THE ECONOMIC REFORM
[garrett] Are they saying the application of the reform is happening now?
[millionday] THEY ARE STATING THAT THESE ARE ALL THINGS THAT NEED TO BE GOING ON DURING THE APPLICATION OF THE REFORM –
SO THEY DID NOT SAY TODAY BUT THEY ARE TALKING AS IF IT IS WHAT NEEDS TO BE DONE NOW AS THEY ARE MOVING TO A MARKET ECONOMY
[millionday] WE ARE NOT SEEING THE PHRASE --- THE NEXT PHASE
[millionday] AND THAT WE LIKE
[JIMPLANTS] i love the words "verge of economic objective"
[millionday] I AGREE -- WHOOOPOW
[millionday] AND THERE IS MORE COMING BRB WITH MORE