Millionday News 9/13/13
millionday] ok here we go news time
[millionday] Called on the head of the Consumer Protection Association and the family doctor waiting Shammari competent authorities to form a body to determine and adjust the prices of goods in the domestic market , similar to much of the Arab and foreign countries .
Said Shammari in an interview ( morning) it is one of the founders of the Society for Consumer Protection and the Family in 2003 , which supports price stability for goods imported and domestic due to dumping market and opening up the world after the change in that year.
[millionday] indicated Assembly President to that of the first goals of her association constant prices of goods in the domestic market , indicating it from advocates for this idea and adopted because of the dumping in the local market and price manipulation by the merchant and importer .
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Shammari said she is in favor of the shareholders in the development of proposals to be presented to the parliament for legislation.
[millionday] so let me address this -- this is saying that they have formed a committee to reset all the prices that have been changed due to what happened in 2003 -- the prices are going to be similar to what they are in the region as in kuwait etc --- also
[ROBINREDHED] prices??????? ] i think i like it
[millionday] this is being done to keep it fair for all in the nation and present a scale that will be in effect for all consumers and all stores -- they are applying this to effect the pricing applied for imports so that all of the nation can expect the same cost of living in accordance with the province income
[wmawhite] millionday ......................what does 2003 have to do with this?
[millionday] like we have here -- some parts of the united States are more lucrative than others and this will be applied
millionday] 2003 showed a change in pricing with the three zero currency and it was nation wide -- the pricing now will be reality pricing to go with reality value brb with more
[wmawhite] millionday .....creating a reference point for the cost of all goods following the expected change in the currency.
[jimplants] I like that
[millionday] i love that -- whooop whooop
[ROBINREDHED] so when?
[dlherm] ROBINREDHED that is the million dollar question!
[wmawhite] millionday ...if in 2003 the three zeros were brought into the market and prices adjusted............then they must be getting ready for another change in the currency.
[ROBINREDHED] or more
[millionday] they are doing that now
[wmawhite] They are telling us without directly telling us that something is getting ready to happen with the IQD.
[millionday] so lets think about this - the setting of pricing must and will be launched with of course the change in country of the redenomination --- and outside the country for imports -- a set in the rate
[millionday] so this is great news to say the least
[wmawhite] millionday ...............as with all of the laws, they are getting everything in place PRIOR to the change.
[ROBINREDHED] wmawhite i agree
[millionday] wmawhite absolutely brb with more
[millionday] Discussed Media Forum Economic and its effect on the banking and financial sector Arab role of the media's economic boost the economy.
Said banking expert Samir in an interview (morning) that Iraq offers a lecture about the role of media Iraq's economic development and investment and to explain the style of building reports banking Gulf Bank's model, where we offered to present the findings of the efficient performance of the Iraqi private banks as at 06.30.2013 and according to the criteria for measuring the efficiency of the performance criteria of return on assets and profitability ratios, liquidity and cost money and hiring activity.
[millionday] He pointed out that the forum addressed several topics head of the political transformations and the ability of the media economic coping, and the media Economic and role in advancing the economy as well as the reality of the media economy in the Arab world in addition to bank marketing and market requirements in light of competitiveness and established the Iraqi delegation exhibition on the sidelines of the forum most of which modern electronic banking services provided by the bank to customers and citizens, have participated in the forum (10) Arab countries in addition to the state organization and participated of Iraq our bank and the International Development Bank and the Bank of Mosul.
[millionday] this is saying that they are going to use the media to show hiring available and also new services -- new banks and also what is available the media campaign is going to be huge
The s family] So if they are still trying to figure out the rate. They aren't quit ready????
[millionday] they are not trying to set the rate they are trying to have a committee that will ensure the right pricing for multiple items that will be coming into the country
[millionday] we have to remember they have not had many things that we are used to having and also the people in the region are used to having as well
[millionday] they will have to have a scale to take it to retail pricing from import/export and wholesale pricing brb with more
[millionday] i think this will make a huge splash when they hit the market
[millionday] A source in the Iraqi market for securities that rise in the share prices of 14 companies among the 58 companies traded . One of the major stock indexes for the week past .
Source said the market index Iraq ISX Price Index record at the close ( 118.48 points) and the total value of shares traded ( 6,998 ) billion dinars, while the total number of shares traded ( 4,134 ) billion shares and the number of transactions executed reached ( 2033) deal. ,
and the value of traded shares purchased from non-Iraqi ( 1,045 ) billion dinars The value of traded shares sold by non-Iraqi ( 434.240 ) million . while the total number of shares purchased from non-Iraqi ( 599.187 ) million shares.
[millionday] The number of traded shares sold by non-Iraqi ( 396.216 ) million shares, indicating that it executed through (206) longs and through the implementation of the (127) deal to sell out of contracts executed during the week.
The source said that the market is the second held two sessions of trading amounted to the total value of shares traded ( 1,272 ) million, while the total number of shares traded for this week ( 1,056 ) million shares and the total number of transactions executed two transactions carried out on the shares of Company Secretary for Financial Investment Company Secretary for real estate investments .
[millionday] looks like isx is not doing too bad – smile brb with more
[ROBINREDHED] i needs some stock
[Domino] ROBINREDHED Yes, an index fund would be wonderful
[ROBINREDHED] Domino absolutely
[millionday] i agree
[Domino] ROBINREDHED We'd just sit back & let r rip!
PART 2 CONTINUED