Millionday news 12/3/14 Part 1
Millionday: Tgb fluctuations experienced by the region's economies and the resultant damage directly and indirectly represented an important Arab Annual Conference for the current year at the center,
which recently took place in Beirut, according to a banking expert Mohammad Ali Jaber, who stressed the importance of changing the patterns of dealing for the banking sector in line with the stage with the requirements of the country, including help in crossing the contraction phase experienced by.
Millionday: NOTE -- THEY ARE TALKING ABOUT THE BANKING CONFERENCE AND THE ORDERS AND ACTIONS THEY WERE TO TAKE –
Millionday: Jaber said in an interview for the "morning" This conference was a dialogue platform and a place for the convergence of the poles of the Arab banking industry and makers of financial decision-Arab and international economic,
pointing out that the Iraqi delegation discussed the responsibility of private banks to deal with the situation Deflation desired.
Millionday: NOTE -- THIS IS ABOUT THE ACTION NEEDED BY THE PRIVATE BANKS OF IRAQ AND THEIR RESPONSIBILITY TO DEAL WITH DEFLATION DUE TO THE ECONOMIC CONDITION AND NEED FOR CHANGE
Millionday: He added that the current circumstances, which passes by the Iraqi economy requires that the private and public banks to change their activities pattern by placing the budgets of ameliorative next phase responsive and goals of the government program,
which seeks to speed up cross-deflation taking place in the current situation the process, pointing to the importance of developing a plan Court to study and analyze all the stalled projects and speed up the rehabilitation of these projects as well as the reduction of interest rates on credit and change their investment style.
Millionday: NOTE -- THEY ARE FORMING A GROUP FOR STUDY TO MONITOR THE BANKING AS THEY IMPLEMENT THE GOVERNMENT PROGRAM AND THE BUDGET DURING THIS CURRENT PHASE –
Millionday: NOTE -- THIS IS TO SPEED UP THE PROJECTS AND APPLY THE REGULATIONS THAT WILL ALLOW THAT --- INTERNATIONAL INVESTMENT INCLUDED
Millionday: He thought that any activity, whether domestic or foreign must begin with the banking sector being the head of the investment device, as a n any investment relationship arise between Iraq and its surroundings regional or foreign begin by banks.
Millionday: NOTE -- HE IS SAYING THAT THE MOVE FORWARD HAS TO TAKE PLACE FIRST WITH THE BANKING REFORM AND THE CHANGES THEY ARE MOVING THROUGH FOR IRAQ AND ALL REFORMS
Millionday: Jabri returned to confirm that the conference discussed the impact of the movement of change in some of our Arab countries on the political and social levels,
with highlights on the other side the absence of alternative plans that of the first tasks at least a push to get out of the crisis and work on the mechanism of Arab cooperation and economic integration was able to face the challenges ahead, including the prospects of economic cooperation between the Arab countries, and the role of the banking sector in the rebuilding and reconstruction.
Millionday: He pointed out the reasons for the weakness of private investment as a result of shifts in the region, and the conference stressed the importance of activating the Arab and international initiatives to promote Small and medium enterprises in addition to the special axis led by experts and decision-makers, as well as the future of Arab youth in the face of the future.
changing needs in the Arab economy has had a presence within the conference the most important of strengthening the role of Arab development funds and combating rampant unemployment and its impact on social structures, as well as the future of Arab youth in the face of challenges of the future, according to Jaber.
Millionday: NOTE -- THE ROLL OF THE ECONOMIC REFORM IS MASSIVE IN ALL AVENUES AND CERTAINLY FOR THE YOUTH AND THE OPPORTUNITY IN THE ARAB REGION
Millionday: The future of Islamic banking was a central part of stopping when the next role and its impact on countries' economies,
and what it represents instruments Islamic as a new source of funding and liquidity and its impact on Islamic banking (liquidity management).
Jaber acknowledged social and developmental role to meet the challenges through the activation Arab and international initiatives to promote small and medium enterprises, and the establishment of an Arab fund and activate the World Bank initiative to fund it.
Millionday: NOTE -- THIS IS FUNDING FOR THE PROJECTS AND THE USE OF THE PRIVATE BANKS TO ACTIVATE THE ECONOMIC CHANGE IN IRAQ AND THE REGION –
Millionday: I have been to the representatives of participating Iraqi banks, which amounted to about 10 banks a big role in the delivery and evaluation of the discussion to
ics addressed by the conference sessions, as well as active participation in the exhibition, which was held in specialized halls so .
He said that the Iraqi economy maintains a level of growth to reduce the impact of the challenges faced at present by his government to gain control and guidance in the investment and operational side, and this requires the oil sector development and its role,
as well as activating the role of the agricultural and industrial sector, pointing out that the security and stability does the production and service sectors of the economy movement.
Millionday: SO THEY ARE SAYING THAT THE NEED NOW IS TO ACTIVATE THE PRIVATE SECTORS AND OF COURSE THE PIRVATE BANKING SECTOR FIRST –
THIS IS TO AVOID ECONOMIC DEFLATION AND TO GAIN CONTROL AND APPLY THE GOVERNMENT PROGRAMS AS DISCUSSED IN THE BANKING CONFERENCE –
Millionday: Hashemi Park a number of those interested in economic affairs agreement between Baghdad and Erbil on oil exports, and confirmed its positive effect in the reality of the country's economic and implementation of the approved by the government program.
Finally, the central government has reached an agreement with the Kurdistan Regional Government to resolve outstanding and chronic since most of the problems Ten years and exacerbated beginnings in 2013 when it was the use of a tube export my father established by the province in agreement with Turkey
for the purposes of private export Balakulaim.alkhbayr oil Mustafa al-Maliki said that the National ultimate goal of this agreement between the central government and the province on oil exports is to leave the event of disagreement, and
Millionday: NOTE -- THE IMPACT OF THE ERBIL AGREEMENT CONFIRMS A POSITIVE EFFECT ON THE REALITY OF THE ECONOMY AND ALSO THE IMPLEMENTATION OF THE GOVERNMENT PROGRAMS --- WHOOOPOW
Millionday: the creation of mechanisms and national understanding mutually beneficial, with the importance of a follow-up committees and continuous keenness to follow up
and dissolving any differences are possible to occur over the next year and down to transparent approval and just general budget for 2015 with the wishes of a recovery in prices of a barrel of crude oil.
Millionday: NOTE -- THEY EXPECT THE TOOLS WILL BE APPLIED THAT THE AGREEMENT HAS MADE AND ALLOW THEM TO RESOLVE DISPUTES AND ACTUALLY WORK AS A UNIFIED GOV AND COUNTRY ---
THE RECOVERY IN PRICES FOR OIL IS A HUGE BENEFIT AS WELL –
THEY HAVE APPLIED A PRICE FOR THE 2015 BUDGET THAT WILL HELP RESOLVE THE HUGE DEFICIT OR AT LEAST MINIMIZE IT
Millionday: He pointed out that the benefits of the new agreement is a shift to the stage of understanding unprecedented between the parties as long as they disagreed about returns and style obtained,
but the significance lies through for the province on the proportion of the 17 percent without deductions in addition to the Peshmerga benefits that are play an important role in the national effort to confront the gangs of terrorists Aldaasha.
Millionday: NOTE -- THE NEW AGREEMENT ALLOWS FOR THE PAYMENT OF DUSPURSEMENTS – SMILE
Millionday: He said the return of steady Such a guaranteed sing region the independent export risk and at informal perhaps without channel (SOMO) official marketer of Iraqi crude, and its part, the federal government will add value 550 000 barrels per day,
250 thousand of them especially the production of the province while the North Oil Company, finding export security port for about 300 000 barrels a midwife to increase through the pipeline in the territory of the province extended facilities.
Pointing out that this is in the declared aim to export more than three million and six hundred thousand barrels of crude from the whole of Iraq by the ministry's plan for 2015 through (SOMO), and achieve the goal of four million barrels of where the production end of the same year.
Millionday: NOTE -- THEY HAVE RETURNED THE SOMO AS THE MARKETER FOR IRAQI OIL AND ALSO HAVE RETURNED THE NORTH OIL COMPANY AND WILL PER AGREEMENT REACH THEIR EXPORT GOALS TO STAND BEHIND THE ECONOMIC GOALS AND GROWTH EXPECTED
Millionday: member of the administrative board of the Association of Iraqi economists Dr. Ikram Abdul Aziz said that the central government's agreement with the Kurdistan region to serve the country in his embarrassment by covering other expenses had to be covered for the implementation of the feasibility of projects and serve the citizens.
It said in a statement the "morning" that the country is going through the plight threaten the country's sovereignty, security and preservation requires channeling financial imports so as to enhance the stability of Iraq as part of them will be allocated for salaries for mobilizing popular and spending the war as well as the promotion of the private sector, regardless dues of what it takes to expand the entry process of economic development.
Millionday: NOTE -- THE AGREEMENT WAS TO SERVE THE CITIZENS AND AFFORD THE PROMISES AND NEEDS SO SOME PROJECTS COULD NOT BE AFFORDED DUE TO THE EXPENSE OF WAR –
TO KEEP IRAQ`S STABILITY THEY HAD TO CHANNEL FINANCIAL IMPORTS SO THEY CAN MEET PROJECT COSTS AND ALSO PAYMENTS PROMISED ---
THEY ARE EXPANDING THE ENTRY PROCESS OF ECONOMIC DEVELOPMENT ---- THEY NEED IT NOW TO SAVE THEIR GAINS
Millionday: THE ERBIL AGREEMENT>>> It confirmed that the agreement reflects the weft national and a sense of unified crisis faced by the country and threaten the economy
Also, this rational and responsible approach in a critical juncture, adding that the agreement is possible to serve the security and service side through direct government spending, which will come from additional revenue for the budget after the agreement.
Millionday: NOTE -- SOME OF THE AGREEMENT FINANCIALLY WILL BE ACTIVE JAN 1ST 2015 AND SOME NOW
Millionday: The Rat Abdul Aziz, the budget of 2015 has been prepared and can not be adjusted up new doors to spend what provides the money and contributes channeled towards vital projects affect the lives of the citizen allocated amounts may be not enough size.
competent economic affairs Samir Nasiri described in his "morning" the agreement between the central government and the province as significant and positive at this stage faced by the country, pointing out that he will provide a resource for additional general budget of the Federal to cover many doors expenses within them.
Millionday: said the high volume of oil exports to achieve new imports of the country, despite the low crude oil prices in world markets, so the rise in oil exports through the southern and northern Almnavd through the port of Ceyhan flows into the budget with money to help implement what came in the government program.
He that the federal budget must be based on accurate calculations and the prices of oil logical reduce the deficit.
especially as the international expert forecasts suggest that oil prices will see a stable after the first quarter of next year, the oil and then maintains constant level.
Millionday: SO THEY EXPECT THE OIL EXPORTS THEY HAVE PLANNED THROUGH THE AGREEMENT AND THE GOVERNMENT PROGRAM TO MINIMIZE THE DEFICIT
AND ALSO AFFORD THE GOV PROGRAM PROJECTS THEY ARE IMPLEMENTING
Millionday: SO THIS IS SAYING THAT THE ERBIL AGREEMENT HAS MOVED ALL THEY WANT TO A BETTER PLACE FOR IMPLEMENTATION
Millionday: Smart card is an electronic card based on the concept of transferring real cash into electroniccash fixed on a sim card to facilitate cash exchange.
Smart card ( QI ) is similar to other credit cards recognized worldwide with essential difference that the smart card deals with balances without direct contact with the server which is called ( off line ) to facilitate business in regions of no good telecommunication networks .
Besides , the card depends on fingerprint as a substitute of the Serial No. in processes of electronic cash transfer .
Millionday: Our Bank pursued this modern technique in order to facilitate cashing pensions as a first stage . The retired employee can get his/ her pensions from any branch of Rasheed or Rafideen banks , noting that the smart card contains ( 255 ) banking or non- banking activities and one of them is cashing pensions .
Pursuing the fingerprint provides to bank and any party related to it . The possibility of getting clean data base unrepeatable through fingerprint matching in case of inability of referring to written data .
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