Millionday news 11/12/13
millionday] this is very good -- Called academic d . Imad Abdul Latif need to change the economic reality -based , which suffers slow and foot-dragging and lack of seriousness and lack of design noting that all of this led to the compromised data of a historic moment was supposed to be a comma between two economists completely different exemplified by the change that has occurred at the beginning of 2003,
according to the model states Eastern Europe. stressed the need to get rid of the restrictions and limitations , including the failure of the working methods and the lack of expertise and capabilities necessary for the implementation of projects large and costly
[millionday] note -- the call to activate the economic reality
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millionday] and conforming to international standards. said Abdul Latif the necessity to hold economic reforms in the area of policy-making the transition to a market economy and contribute to the diversification of sources of generation output local and gross and stop this significant decline in the proportion of the contribution of the productive sectors key to generate GDP
and work to raise the rates of growth in different sectors so that transformed the process of diversification of the goal of the President for economic policy to feature Chairperson of the economic structure, as well as the need to move from economic rent to the productive economy .
[millionday] so this is to move to a market economy as agreed by gov
[millionday] The economic Commission had called for the need to open Iraq to international companies discreet promised a key step for construction and reconstruction pointing out that Iraq tops the list of countries that need services and infrastructure and residential units , schools, hospitals and road projects bridges and other indicating that these projects are all you need to attract a lot of investment companies, foreign and domestic ,
adding that a lot of foreign companies discreet feel free to come to Iraq because of the security situation and the red tape and bureaucracy and some of the problems in the investment law .
[millionday] so that is what we need now if they answer the phone for the call we are good -- lol
[millionday] The President of the Federation of Iraqi Chambers of Commerce Jaafar al-Hamdani on the need to develop plans thoughtful openness to the global economic blocs that have modern technology and expertise .
Hamdani said in an interview for " morning," said the country needs to the international effort in activating the activities of all economic sectors , pointing to the importance of orientation towards the economically developed countries and companies that have specialized Advanced International Classification build bridges of cooperation to serve the two parties
[millionday] note -- and the call from the commerce to move forward
[millionday] He pointed out that the local economy is suffering delays in economic reforms must begin aspect of the legal , so as to provide the legislative environment suitable for attracting advanced technology and capital investment , domestic and foreign , and employed to serve Iraq .
Pointed to the importance of investment efforts of international companies wishing to operate in Iraq for the implementation of projects specifications international.
[millionday] very nice -- moving on to the advanced economic international world -love it brb
[millionday] here we go with this fantastic conference smile
[millionday] Addressed the seminar discussion organized by the Trade Bank of Iraq three main axes in the performance of the bank and responsibilities Tghaha and characterized by high level of transparency and openness clear and explicit about the obstacles faced by the banking sector ,
which delayed the often irreparable towards activating its role in development. First axes focused on an important aspect of with the need for the citizen and on the role of banks in the implementation of residential complexes and mechanisms and ways of financing while addressing the second axis complexities faced by businessmen in the conduct of their affairs related to appropriations and
[millionday] The first speaker was the President of the National Investment Commission d . Sami al-Araji, who gave a detailed explanation went Authority to meet the needs of the citizens of the housing and seek to implement them through the contribution of government banks in the financing of housing projects within the responsibility of the state over society ,
speaking about the experience of and how they needed to hire banks governmental organizations to carry out their obligations to the citizen , praising this role , pointing out ambitious projects undertaken by the Commission , despite the challenges of Bmnacfat some politicians who tried to bring down the project , but
[millionday] note --- infrastructure
[millionday] the will of the benevolent has maintained its content and will see the year 2015 the distribution of the first batch of users on residential complexes. Araji called to speed up the reform of the private banking sector in order to make it able to adopt the financing of strategic projects and infrastructure needed by the country , hoping to achieve all the planned projects through cooperation with the banking sector , without which it can not achieve an integrated development .
[millionday] note -- this means they want the housing done in one year -- huge expectations
[millionday] For its part, provided general manager TBI Hamdiya Dry detailed explanation of banking services provided by the bank , referring to the efforts made to recover the bad debts left by the administration Aalsabakh estimated at millions of dollars and
expressed the readiness of the bank to settle the remaining debt owed by the owners of corporate borrowers previously and the possibility of resuming their activity requirement availability of goodwill because the country where projects Migti all the capabilities of local and foreign .
[millionday] wow -- ready to move money to pay debts -- love it
[millionday] Dry focused in her speech on the tasks and sophisticated banking services new , out of common interest which is the main pillar of the strength of the economy , noting directed the bank to offer new services in collaboration with the private banks which provide funding for the implementation of strategic projects cross -cluster loans between banks and waiting for the finishing touches and obtaining the approval of the central bank to launch such a large development project in the words dry.
[millionday] note -- waiting fo r the go ahead from cbi
[millionday] In regard to the suffering of the business and the private sector with red tape which is beyond the will of the bank occur Chairman National Business Ibrahim al- Baghdadi, a lecturer recalled stages of establishment of the bank and the role of businessmen and traders Iraqis in the sustainability of supplying goods after Iraq was handcuffed international sanctions and trapped economically, was the birth of the bank has rescued the financial resources of the fragmentation of Iraqi creditors.
[millionday] note -- they are prepared after all of the sanctions etc
[millionday] Baghdadi said aspects Rising to the bank at the same time someone challenges faced by businessmen due to the procedures and instructions ancient While he did not deny causing some parasites who counted on the private sector to undermine trust between the bank and customers, but added, saying that these groups have emerged from that stage was left and lasts only right , and here is Bank of Iraq up to certainty its partners and with the reputation and financial solvency , known in its dealings with
[millionday] the bank. President Business Council proposed a debt settlement with retarded of paid and who can not return to the class banking in cooperation with the bank , as shown dry in an intervention Links willing Bank to study Thread The goal is the return of the Iraqi capital to build the country .
[millionday] note -- the return of the dinar and the move to make good on all contracts and debts
[millionday] Head of the Baghdad Investment Commission Shaker Zamili was his intervention at the heart of what you ask for the contribution of banks in housing projects , referring to the numerous projects awaiting funding and cooperation with the sober and display exchange proposals and promised to study and implement dry them in the light of possible Matsmah laws.
[millionday] note -- the head of investment to go through all projects and aprove what they are funded for as they get to them
[millionday] As an economic advisor to the Iraqi National Business Council Daoud Abdel Zair has dealt with the subject of the other angles are in overcoming obstacles , praising the role played by the Trade Bank of Iraq , calling for more openness and overcome the obstacles , where upheld the dry brought by Zair proposals .
Dart then discussions Show which businessmen suffering from measures are routine , stressing their desire and their commitment to work with the bank and prefer it to deal with foreign banks , and the position requires reductions in commissions,
but sedate bank and international reputation guarantee funds businessmen were in the foreground, and listened to the reasons for the differences it is a formality related to discharge teams , however , promised the possibility of reduction dry whenever possible.
[millionday] note -- they have promised to watch spending everywhere they can as it comes up
[millionday] It concluded the seminar need to be the role of regulatory bodies as a catalyst in achieving the development does not counterproductive her judgment prior to any case of suspicions but through the fight against corruption and eradicated and stand by the service officer and avoided mistakes before they happen.
Should be noted that obsessed with control and integrity has accompanied the seminar from the beginning to an end and were evaluated their advantages and disadvantages and the consensus on the importance of being vaccinated investor money from extortion and the employee from falling into the trap of parasites .
[millionday] they are saying here that they have integrated securities and of course double checks and more checks along the way
[wilbur48] Millionday did you see (Central Bank plans to issue bonds in local currency for the first time since 2003)
[millionday] this is about the activation of the economic reform -- so we shall see when
[millionday] yes i have something
[The s family] Seems like they've been calling for activation for a while
[millionday] brb with it
[simbaspen*] S Family yes!!