Millionday news 11/12/2014 Part 1
Millionday: pumice pursuant to the provisions of the Constitution and achieve the goals of the government program in the quest to revitalize the private sector and the transition towards a market economy, the new phase to give the Iraqi businessmen and companies marketing boards require a bigger role in attracting foreign and domestic investment.
In this regard, said economist Adel Abu loaf the importance of relying on the chock companies (holding companies, record companies, and consultancy offices) which is one of the most important pillars of investment, which is reflected positively on the performance of investment bodies in the country.
Millionday: NOTE -- THE ACTIVATION OF THE PRIVATE SECTOR
Millionday: He said Abu loaf «morning» that «this process give way to the private sector to activate its role in the field of attracting investment, as it can be played under the guidance calls for global companies to visit Iraq, climb businessmen, organize tours in an orderly
and thoughtful and through an annual program, along with open regional offices in neighboring countries and some of the important countries in the world for the purpose of marketing and promoting media ».
Millionday: NOTE -- THE ACTIVATION OF THE PRIVATE SECTOR IS HAND AND HAND WITH THE MOVE TO A MARKET ECONOMY
Millionday: NOTE -- OBVIOUSLY THIS IS THE STEP THAT WILL ATTRACT ALL INVESTMENT AND ALSO SHINE A LIGHT ON THE ISX
Millionday: He saw that the evolution of financial markets linked to the extent of radical reforms in the financial field, and the extent of crystallization and clear economic philosophy believes in the importance of the role of the private sector in the development and availability of the process of the opportunity in front of him for the lead role in the economic life,
as well as the financial markets efficiency is measured primarily the extent of its ability to mobilize savings and channel them towards various aspects of employment by providing investment climate encouraging and reassuring able to attract and absorb the funds offered for investment capital.
Millionday: NOTE -- SO AS WE SEE THE FIRST THING TO THE ECONOMIC REFORM IS THE MOVE TO ACTIVATE THE PRIVATE SECTOR AS IT PRODUCES THE REVENUES
He explained Abu loaf elements of investment attraction, which is to re-formulate some of the paragraphs Investment Law No. (13) for the year 2006, and the liberation of the central grip of the public sector, as well as the need to a package of laws and regulations associated with the investment law,
which record companies, holding companies, and corporate governance and protection of intellectual to create an investment environment,
as well as the sovereignty of interest law in the country to gain investor confidence and create the infrastructure integrated modern and sophisticated, and the provision of basic services required by the investment projects of water and sewers, electricity, communications and network sophisticated ways.
Millionday: NOTE -- SO AS WE SEE THIS BRINGS WITH IT ALL ENGINEERING AND ITS WORK -- THE TRADE LAWS AND OF COURSE THE INTELLECTUAL PROPERTY PROTECTION ETC
Millionday: The counting of the financial system and fiscal policy correction and make it with the flexibility to serve the performance of investment bodies, as well as modifying the tax system and make it consistent and stable, especially given that the investor looking for tax stability without tax breaks.
Abu loaf pointed out the need to involve the private sector in the promotion of projects and sites of investment in the country, unprecedented advertising campaigns and a wide and attractive, an
Millionday: NOTE -- THEY WILL NEED TO CALCULATE THE FISCAL ENTRY AS THEY WILL BE DIFFERENT WITHIN THE SAME YEAR –
TAXES AND REVENUES PER CHANGES OF THE COUNTRY TO A MARKET ECONOMY OF REALITY
Millionday: so by issuing lists of investment opportunities and the creation of collateral used in cooperation with investors, as the determining ground and areas allocated for investment must be done according to the data and an integrated database,
is done by conducting research Studies by organizations and specialized councils for investment opportunities and coordination with the agencies responsible for the development plans according to a timetable on the possible application.
Millionday: SO WHAT THEY ARE TALKING ABOUT IS THE PROMOTION OF THE INVESTMENT OPPORTUNITIES IN IRAQ AND ALSO THE INTEGRATION OF THE E-GOVERNMENT SYSTEM AND ALL MINISTRIES AND DEPARTMENTS –
REGULATIONS APPLICATIONS AND LAWS ALL ACTIVATED AT ONCE FOR THE TRUE ENTRY TO A MARKET ECONOMY
Millionday: THEY ANNOUNCED TODAY THEY ARE ACTIVATING THE CORPORATE LAW AND MANY OTHERS THAT ARE SUPPORTIVE –
THE THING IS THIS -- THE OLD LAWS THAT ARE REMAINING MUST BE SUPORTIVE AND THE NEW AS WELL
-- THEY ALL HAVE TO WORK TOGETHER AND THE WAY WE HAVE SEEN IN THE LAST FEW REPORTS IN THE LAST FEW DAYS -- THEY ARE GOING TO ACTIVATE THEM ALL AT ONCE
Millionday: THE ANNOUNCEMENTS THAT HAVE MADE IN THE LAST WEEK OR SO ARE SHOWING US THAT THEY ARE ACTIVELY WORKING ON ALL REFORMS –
THEY HAVE STATED THAT THEY ARE WORKING ON THE ADVANCEMENT OF IRAQ –
TO ME WE HAVE NOTHING THAT IS A HOLD UP AT THIS POINT –
THE CLUES WE ARE SEEING SHOW A CORPORATE COUNTRY MOVING IN THE FIELD OF BUSINESS -- VERY EXCITING -- I DO NOT THINK IT IS BEING HELD BY ANYONE
Millionday: banking expert Mohammad Ali Jaber: The banking, both public and private sector is required of it, but the purpose of implementing the contents of the government program and awarding me,
great efforts to strengthen the financial capacity to make the investment to the fullest in order to support the programs and plans development.
He Jaber in answering the question: «morning» for the desired played by the banking sector towards the implementation of the contents of the government program, the role that the need requires re depositors' confidence in the ability of the banks to keep their money, development and investment in building the country.
Millionday: NOTE -- FOR THE PRIVATE AND PUBLIC BANKS TO HOLD LIQUIDITY IT GAINS THE CONFIDENCE IN THE INVESTOR AND ALSO THE PRIVATE SECTOR AS THEY GROW AND ESTABLISH THEMSELVES –
THE GOVERNMENT PROGRAM IS REQUIRING THE ABILITIES NEEDED TO DEVELOP AND ALSO SUCCEED IN PRIVATE SECTOR ACTIVATION
Millionday: . Central support and stressed the need to attract deposits by the private banking sector, leading to the promotion of private and mixed sectors as well as government departments in these banks to adopt Baidaatha and this requires support of the Central Bank to work on the promotion of these actors in this direction.
The proposed banking expert Jaber establishment »Corporation Loan Guarantee» because of its effect in encouraging deposits in private banks by depositors and restore confidence between them
and the banks, pointing to the importance of these deposits and directed towards the effective and serious contribution to assign the program through directed towards expanding the credit base aimed at supporting the implementation of strategic projects.
Millionday: NOTE -- THEY ARE DISCUSSING THE IMPORTANCE OF HAVING ACCESS TO CORPORATE LOANS TO EXPAND BUSINESS IN A MARKET ECONOMY SETTING AND HOW IT WORKS TO THE ADVANTAGE OF IRAQ
Millionday: Among Jabir that the importance of these deposits will be reflected in the achievement of goals key sectors firstly enable banks to buy treasury transfers and so as to provide liquidity for the government to walk and conduct its business as well as banks take advantage of the benefits that you get as a result of this activity.
'deposits are guaranteed either a second goal, this guaranteed deposits will provide the way for banks to expand lending base and increase credit amounts granted to investors in investment and production projects, including, in particular, for various industrial sectors, agricultural and service.
Jaber said: he and ensure the provision of liquidity to be reducing the statutory reserve by reasonable, for example, (5 percent) for the purpose of helping banks to provide liquidity to cover its operational activities in the fields of investment or credit, pointing to large and actual necessary funds needed to finance large projects required by the current stage.
Millionday: NOTE -- THE LIQUIDITY THAT IS GOING TO BE MADE BY CENTRAL BANK AND ITS SUPPORT OF CORPORATE LOANS JOINED WITH INSURANCE WILL CREATE CREDIT RATINGS AND CONFIDENCE AS THE COUNTRY EXPANDS IN THEIR MARKET AND THE GLOBE
Millionday: NOTE -- THIS IS A VERY IMPORTANT AND RELIED UPON STEP IN THE TRANSITION TO A MARKET ECONOMY -- THIS IS WHAT WE SHOULD BE SEEING
Millionday: NOTE -- ALL THEY ARE DOING IS TO REGAIN CONFIDENCE FOR THE IMPACT AND GROWTH THEY MUST ESTABLISH FOR IRAQ AS THEY ARE MOVING TO THE GLOBAL MARKET
Millionday: that the Central Bank of Iraq depends international standards in the assessment of the performance of the banking sector and that is why everyone adopt this assessment when choosing bank that deals with the citizen or the state or Alkhas.okrr sector say that the establishment of a solid foundation to guarantee deposits will suck this loss of confidence in banks, stressing the importance of tightening control over the weak performance of banks that fall outside the law.
Millionday: NOTE -- IN BANKING WITH THIS MUCH CHANGE THEY ACTUALLY ARE AS STRONG AS THEIR WEAKEST LINK –
Millionday: distressed debt and then touched a banking expert Mohammad Ali Jaber to challenges confronted Ahli banking sector and of non-performing debt that caused the delay in the banks with the performance of the role required
and reflected the downturn in the expansion of credit Aln this phase has ended and I think that our proposal will contribute to reducing the banks' fears of bad debts because the security institution such a source of strength for the banks and beneficiaries alike .
Jaber and expressed optimism that the next phase is witnessing an economic breakthrough supported measures and legislation supportive of the private sector and said that this is what we saw from the contents of the government program, which often rely upon this breakthrough.
Millionday: THE BANKS HAD A HOLD UP AND WERE NOT READY WITH ALL THEY HAD TO HAVE DONE AND NOW THEY HAVE COMPLETED ALL STEPS AND ALL AVAILABALE STANDARDS AND REQUIREMENTS –
BOTH WITH INTERNATIONAL STANDARDS AND ALSO WITH THE LIQUIDITY NEEDED TO MOVE TO A MARKET ECONOMY
Millionday: NOTE -- ALL LEGISLATION IS FINALLY DONE FOR THE ADVANCEMENT OF BANKING FOR IRAQ BOTH DOMESTICALLY AND INTERNATIONALLY
Millionday: NOTE -- ONE OF THE THINGS WE HAVE BEEN TOLD IN THE PAST YEARS IS THAT THE MARKET IN IRAQ HAS TO DIVERSIFY DUE TO THEIR RELIANCE ON OIL AT SUCH A GREAT % --
THIS REPORT AND ACTION IN THIS REPORT IS ABOUT SUCCESS IN THAT DIRECTION
Millionday: al-Hashemi, after Iraq announced the launch of the third generation mobile telecommunications license projections show the growing part of the non-oil revenues of the country through the revitalization and development of the telecommunications sector in the country,
where it is expected to achieve the grant of the license additional financial revenues of the budget at a time when Iraq needs to ease adoption the sole pole in the economy.
In this context, see economic researcher state fair that the work permit third-generation and then the fourth generation is an important step to keep pace with global developments in the telecommunications sector.
Millionday: NOTE -- REMEMBER THAT THE IMPACT OF THEIR STOCK MARKET AND ALSO THE WTO IS RELIANT ON OTHER MARKETS AND ALSO THE REVENUES ARE NEEDED IN TAXES - JOBS-- SHARES -- AND VALUE
Millionday: She said in a statement (morning) that it will reflect on the reality of services existing and get teams in prices will be felt by the citizens at the entry of new firms for mobile communications in Iraq,
as well as to achieve significant economic feasibility in the financial revenues because the telecommunications sector is promising in the field of investment to the country's need for new services.
There have been media body and the first communication from yesterday, holding run third-generation companies to license mobile phone operating in the country what would the advancement of telecommunications service and open competition for companies in terms of services and prices, wage service offered to subscribers.
Millionday: NOTE -- THIS MEANS TODAY --- AS THIS IS NEWS THAT WILL COME OUT TOMORROW
Millionday: NOTE -- VERY INTERESTING THAT THEY ARE SAYING OPENING COPETITION FOR SERVICE -- PRICES-- AND WAGE –
BECAUSE A MARKET ECONOMY IS AN ECONOMY RUN BY SUPPLY AND DEMAND WHICH IS COMPETITIVE IN ITSELF
Millionday: The authority said in a statement «the basis of the regulatory role of the body and constant quest for the advancement of the telecommunications sector and to improve the service provided to the consumer has been granted operators mobile phone licensed services in Iraq the right to use third-generation mobile phone frequencies ».
This comes »after the companies mentioned pay of Bzmtha financial receivables for the first installment of the right to use the third generation frequencies, according to the Council of Ministers and the Media Commission's decision and communication with the set conditions and standards binding
to provide good service to the consumer and taking into account comply with the instructions and directions of all that concerned with the safety of human and issued by the Ministry of Environment ».
Millionday: NOTE -- THE SERVICE OUTLET ITSELF IS GENERATING FUNDS -- WIN WIN SITUATION
Millionday: According to what trailed body, the third-generation technology Taatmazaan second-generation high-speed converting data packets to transfer data at high speed to download and upgrade the data up to the highest of (2mbps), as well as it provides the protection and safety of more of the information transmitted over the network because it uses encryption roads safer
and the quality and working third-generation technology within range of scan frequencies of non-ionizing radiation within a reciprocating packets (2100MHZ).
Millionday: NOTE -- SECURITY AS WELL
Millionday: The Council of Ministers had announced last May, he was awarded the mobile phone operating companies In Iraq the right to use the third generation frequencies for the remainder of the license contract for the period, and between it will amount to meet «(307) million dollars» of each company «period of repayment binding year and a half«, pointing out that it excluded the CMC of the Implementing Regulations of government contracts.
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