millionday] The province of Najaf had announced some time ago for enabling it to obtaining all approvals for granting any investor holds an Arab or foreign nationality wants to invest in maintaining a visa at the airport in the province window for a full year.
The chairman of the investment committee of the provincial council charm Fatlawi in a press statement: “The decision came after a decline in the number of investors desire to enter the province due to the entry procedures.”
He said Bandar that overcome this obstacle gave a real boost morale for investors, both for investors who have projects inside Iraq or wish to have access to the opportunities available to the Authority and investment agencies in the provinces,
explaining that the application of every law which constraints the most important revisions of the many, especially that there are circles linked to the process of Investment called circles or the relevant authorities any parties sector,
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[millionday] noting that by having a single window in the body has softened and reduced red tape, as are revisions during a certain period specified by law duration of 15 days within which to write to the sectoral and sending the economic feasibility of the project and to answer during the period identified two weeks,
to relieve investor in order to ICON in contact with these revisions long and complicate things for routine bureaucratic or routine adopted in these transactions,
for example, the investor who wishes to make a tourism project for him to review the honesty and the municipality and the Ministry of Tourism and the Tourism Authority, all the joints and reviews many repellent for investment.
[millionday] note -- they are talking about it being a one stop shop -- all needs in one site for the investors so that they dont have to go through the red tape as it was
[millionday] The land allocated for investment and entities owned by the Director General pointed out that the authority dealing with the land according to the detailed first housing and the second in the other sectors of non-residential, as it has been the formation of a higher committee to follow up the issue of land and allocated to investors,
as it is considering projects and economic feasibility provided by the investor and designs basic and availability of land are allocated according to the strategy drawn up by the Commission for this purpose, saying: “The law was giving the right of the investor to retain flattened,”
as occurred objections to the term retention, on the grounds that it is vague, is it the ownership or transfer of ownership?, so the Commission initiated modify this The term was actually the amendment to the law in this direction was to allow the investor in the housing sector ownership of land, one of the important factors that encouraged him to enter and strongly attracts attention in this area, especially that there are a lot of residential projects in the provinces.
[millionday] this was a huge issue about investors not being able to buy the land the business sits on -- so now they have cleared up the wording so it makes more sense
[millionday] note --parliament is really doing a lot -- nice to see
[millionday] He said Bandar that investment in projects in other sectors of non-residential gives the investor the right to lease wages symbolic simple for fifty years, renewable and approval of the Commission after studying the needs of the project and its economic feasibility and its importance as well as topics of funding and the work of banks and banking also is one of the obstacles faced by the investor,
so it has to be the development of mechanisms of action of banks in Iraq and the development of this important sector, which has a role in all investments in Iraq, saying that this contract,
which dislodge Authority for investors, especially in the housing sector, one of the significant achievements that have contributed to the high turnout by foreign companies, in the areas of Several of them housing projects and tourism sector projects, particularly in the areas of religious, archaeological and recreational.
[millionday] they have to submit a business plan and it has to be followed
[millionday] note -- they are also saying that the banking reform and economic reform is needed for the investors to start with the process
[millionday] Antoine in answering a question (morning) about the challenges of investment that the creation of the investment environment ideal require the provision of a climate of political and security appropriately, and support the investor by creating methods serve choices, to bring what he wants from the hands of working without a hitch,
and get banking facilities, and pave the bridges of communication with relevant departments, away from the complexities of the routine followed in Iraqi institutions in the country is trying to attract investors and owners of capital for development.
[millionday] very nice so the changes are to bring in the investors and get everything rolling -- nice report and progress ] brb with more - huge and glad we didnt miss it
[millionday] National Bloc white Kazem al-Shammari, Monday, the House of Representatives extended legislative term the current month, as pointed out that if the arrival of budget 2014 to the Parliament will be in permanent session until the vote. Shammari said in an interview ” Alsumaria News “,”
The House of Representatives extended legislative term current for a month, as he was scheduled to have members of parliament legislature from 14 of the month of October, but the chapter has been extended to the 14th of November next year. ”
and added that ” In case reached the budget next year 2014 to the parliament will be in permanent session until voting against it. “
The Council of Representatives, on Monday (September 30, 2013), its the 23 headed by the President of the Council Osama Najafi and the presence of 219 deputies, said a parliamentary source that the meeting will vote on proposed law to amend the law of the House of Representatives election, and the decision to compel the Electoral Commission for elections preparations and get ready and start the timetable for the election processes and the draft law of parties.
[millionday] so the parliament session has been extended until november 14th meaning it will go on another month in this one or meaning this phase
[dinarmamma] So 2014? For this to happen????
[millionday] they have amended those laws that are starting to back them into a corner -- some of the laws are having to be in a basket and some held off until this one or that one is done -- so we are watching them scramble to be legally compliant
[The s family] They seem to scramble every year at the end of the year
[millionday] no they are saying that the parliament session is going on until november 14th -- they didnt give a date on the revalue
dinarmamma] So....we need reality to plan...millionday are you thinking January 2014?
[Dinar Sweetie] millionday ? Please: Does extending the Parliament session affect the RV, meaning can they RV prior the the parliament session ending?
[Msbossydiva] I think 2014 gives them ample time to do what needs to be done jmo
[wmawhite] dinarmamma .....they are referring to the budget......not the revaluation of their currency.
[monique13] wmawhite but don't they need the budget for the revalue?
[millionday] the reason i am so very excited about the news is that -- the changes in investment laws and electronic dealings with iraq are to grow the economy -- and in a huge way -- investors
[wmawhite] monique13 .......no they don't.
[dinarmamma] Wmawhite I and others need clarification
[faith1] tell me when it's ok to ask Q
[millionday] Dinar Sweetie yes they can at anytime
[Dinar Sweetie] millionday Thank you very much
[millionday] monique13 the budget is done for 2014 and ready to be put in place but no they dont need it
[millionday] faith1 go ahead hun
[faith1] millionday millionday as far as issuing money orders,,, why wouldn't they send monies by electronic transfer (bank to bank?)? millionday are the people of Iraq still protesting/demanding and demonstrating regarding their needs being met?
millionday millionday does M coming to visit with O have any relevance to timing of this blessing IYO ? could it really be any day ,, or should we be looking to next yr?? but they sAID IN ARTICLE yesterday IN CURRENT SESSION,,, NOW EXTENDING THE CURRENT SESSION...
[Dovi] what happened to state salaries being paid by Eid Al Adha Oct 14/15
[millionday] faith1 not with all of the private banks not doing that and the people that they are trying to deter dont have accounts so it would make sense that the counterfeiting and money laundering they are trying to resolve would not be done by wire --
[millionday] the demonstrations are being done by asking -- applying according to the law and then the date for them is given -- they are following it pretty much except for illegally and the timing for the rv is not the same as the timing for maliki`s visit because
[faith1] ok that makes since,, TY just thought it the safest way to get monies to the provinces (sp) ?
[Dovi] millionday what happened to state salaries being paid by Eid Al Adha Oct 14/15
[millionday] he could be visiting to do trade agreements at the new rate -- in other words we have no way of knowing that but cbi will not hold off for the visit and
[lojak] It is tremendously good that they are staying in session till the budget is approved...the UN is there lighting a fire under them to get er done...they are working harder than ever to make sure all is done asap IMO
[millionday] i say it could be any day because of the condition of the country economically -- they are in a position to redenominate and revalue their currency and could do it any day
[faith1] OK I remember the articles / laws on rules of protesting... !
[millionday] Dovi i have something on that -- i will bring it back in a sec
[dinarmamma] Millionday thank you!!!
[Dovi] millionday someone brought that article in here last evening might have been solarking I forget we looked up the holiday for the date
[millionday] lojak i completely agree -- they are in a huge rush and are working everyday --- this is huge how much is getting done
[faith1] TY again,,, seems we are at the end and hardest time to keep on EXPECTING,,, Oh Lordy ,, thanks You!
[Dovi] you mentioned they also have to do all the prepping and posting in advance
[millionday] Dovi 14th through the 15th
[millionday] faith1 yes protesting laws
[millionday] Dovi what was it about ?
[millionday] yw all the time hun
[Dovi] millionday They said in the meeting they were to pay state salaries by that date
[millionday] ok let me find what they said today -- brb
[lojak] i sense a real feeling on this board that folks( prolly due to the gurus) are really frustrated...in fact we are REALLY at the doorstep--and thats based on the great news that MD is bringing..I mean wow they are working like crazy
[dinarmamma] Millionday We appreciate your hard work thank you
[cookie2] lojak I agree : )
[Msbossydiva] Im wondering will they be using usd
[jimplants] lojak i agree
[dinarmamma] Sooooooooooooo tired of watching........ :/
[lojak] i have some tremendous contacts in country--trust me we are close
[millionday] they are planning on paying a percentage of the salaries at this point but it is not time yet
[millionday] they have not changed the announcement that it is coming and are stating the finds are being transferred
baggr42] why is paying the salaries a important point..... they can just pay them in IQD
[millionday] Flygirl02 the amounts of the payment on oil and the report on it is in the chat from yesterday -- yes they will be in iqd the country is going to use iqd
[millionday] so we will see what updates we have tomorrow -- i am sick and going to bed i will see you tomorrow -- money moving is always good