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Rcookie / Mr White & Hutch News Time 9-21-16 Part 2 of 2
hutch says():ARTICLE 1
Proposal to approve the foreign remittances Law
9/18/2016 0:00 BAGHDAD Mustafa al – Hashimi called for a banking expert Dr. Essam Mohamed for legislation or the adoption of a law on foreign remittances to reduce hard currency out of Iraq without achieving real returns contribute to the achievement of development of the national economy.
He said Muhammad's "morning" that the existence of such a law after studying extensive study will contribute to put the right foundation for trust business real banking, noting that the sale of the dollar at the central bank window allowed for a number of banks that profited them due to remittances and credits, what caused the reluctance of the social role and economic actor in the development process.
He stressed that the legislation conversion law the outside will contribute significantly to reducing tampering without the knowledge economy as it will reflect positively on the citizen by enhancing the likelihood of obtaining loans for the establishment of industrial shops in productive projects, among others.
he stressed the importance of hiring the proceeds of the oil dollar through development programs and other lending adopted by private and government banks under the supervision of the central bank if launches loans or advance for widows and young people and the rest of the categories that can be productive to strengthen the family economy.
Read More : http://www.dinarupdates.com/showthread.php?41346-Proposal-to-approve-the-foreign-remittances-Law-9-21&p=162083#post162083
hutch says():ARTICLE 2
Iraq Stock Exchange launches instructions online trading system for investors
Author: AR, HH Editor: AR, HH 21/09/2016 13:02 Number of Views: 801
Long-Presse / Baghdad Uncover Iraq Stock Exchange, Wednesday announced the launch of the trading system instructions via the Internet, as he emphasized that the service will be launched in the first quarter of 2017, pointed to the provision of five brokerage firms to work the system.
The executive director of the market, Taha Ahmed Abdul Salam said in an interview to the (long-Presse), that "the Iraq Stock Exchange issued a trading instructions via the Internet to investors after obtaining the required official approval according to the law, which include the procedures, mechanisms and systems required by the Iraq Stock Exchange and brokerage firms taken in order to obtain a license to provide this service for investors, "noting that" the service will be launched in the first quarter of 2017 ".
Abdul Salam said that "the market identified instructed disclosures required of brokerage firms, which include disclosure of the risks associated with investing and models to deal with investors' actions (Know Your Customer KYC), and commissions that Satkadaha mediator, as well as the requirements are carried out by investors to agree to their trading via the Internet." .
Executive Director of the market and continued that "the five brokerage firms submitted its application to the market to participate in the trading system via the Internet for investors, namely, (urban company, Rafidain, Spring Company, Carmel Inc., Elaf," pointing out that "the Iraq Stock Exchange takes several months ago organize lectures and workshops for brokerage firms and investors for the purpose of definition of these services. "
The Iraq Stock Exchange, announced Wednesday (20 April 2016), his intention to work remote circulation through the end of this year system in 2016, as he emphasized that it will contribute to "activate" trading and "attract" investment and "streamline" the work procedures.
Read More : http://www.dinarupdates.com/showthread.php?41345-Iraq-Stock-Exchange-launches-instructions-online-trading-system-for-investors-9-21
hutch says():ARTICLE 3
A new action plan to ease the pressure on the budget
102 Show Last update: Wednesday, September 21, 2016 - 10:30A
new action plan to ease the pressure on the budget
BAGHDAD / Hussein Tgb included another amendment to the Investment Law No. 13 of 2010, the developer concept, which came a new action plan to ease the financial pressure on the state budget, so the distribution of investment tasks.
Developer means »that is, or the company is implementing infrastructure fully for all specialized facilities of the city industrial, commercial or scientific or residential, and after the developer distributes investment opportunities on new investors have assumed the responsibilities of the implementation of various joints work»
President of the National Business Council of Iraq David Abdul Zayer said that another amendment was issued on the investment law to ensure the development of the developer axis that runs the first developer Bmvsalin and Almsttmr.oadav in an interview with «morning» that the first developer, which handles the creation of industrial infrastructure of cities or tourist, as well as residential to other major projects, which allows him law to receive the land and the provision of infrastructure full cycles of various roads and bridges and basic services.
Land division and said that the land, which provide them with infrastructure is divided and given to other investors through the first developer, eg if we want to build us a residential city to provide roads, sewer, telecommunications and water within the confines of this space is then divided space into residential land and other recreational spaces for services education and construction of places of worship and the requirements so cities.
And issued Investment Law No. 13 of 2006 in order to boost economic and social development process, development and bring technical and operational expertise and human resources development and creating job opportunities for Iraqis to encourage investment and support the establishment of investment in Iraq and expansion projects and development of various economic levels, the process and the granting of privileges and exemptions for these projects, so this law was enacted
He pointed out that the investment law, as amended protects the developer as well as investor and this is important Mnaf work investment and new element to attract contained Alastosmar.ofatt law that the new amendment granting the developer the right to grant the land to the investor under the investment license and the approval of the first developer and collection services and a portion of the amount of infrastructure that group spent to serve the new investor, pointing out that in this case has investment indivisible and we can build a modern new cities a way that minimizes the costs of the investment business, where investment in major projects require large sums of money may not be strengthened by a single investor.
He said that this method enables the investor to work in a part of the project and the completion of the work assigned to him specifications defined and within the executive potentials and during the time period, indicating that these amendments get in cooperation with the local sector, which has a lot of proposals capable of advancement of the national economy because he lives to the field of work and on familiar with the most important implementation of projects and determinants that prevent this requirement.
hutch says():ARTICLE 4
The expectations of the Iraqi air transport growth
76 Show Last update: Wednesday, September 21, 2016 - 10:29
The expectations of the Iraqi air transport growth
BAGHDAD / Farah pumice with the entry into force of air services between Iraq and Kuwait Agreement, aviation expert likely to witness the next term airline traffic between the two countries is unprecedented what is reflected on their economies.
The expert said Nawaf Hussein for "morning": that "air services agreements signed important and has a number of positives, namely: to facilitate the movement of passengers, and enhance trade exchanges across the transport of goods by air, and the revitalization of tourism, as well as transit fees and refueling.
" The House of Representatives has approved the Law of the air agreement between Iraq and Kuwait for the purpose of "enhancing cooperation in the establishment and operation and facilitation of air transport services between the Government of the Republic of Iraq and the Government of the State of Kuwait and the ratification of an air services agreement between them.
" Hussain urged the government to sign more agreements air with other countries, especially that Iraq is on the verge of commercial traffic and open its market to foreign capital, as well as his efforts to invest in the tourism sector to attract tourists after the marshes and archaeological sites included on the World Heritage list.
In the meantime, Iraqi Airways announced the increase in passengers and flights during the preparation of the first ten days of this month. The general director of the company Samer cream Kubba said in a statement received a "morning," a copy of which was:
"it was the transfer of 96 thousand and 375 passengers for the period from the first of September until the tenth of September rose 828 flight." He added that "this has been the efforts of all employees in the company of engineers, pilots and hosts and staff of Commercial Department and staff of the Department of subsistence and all employees of the company."
He also said that "Iraqi Airways upgraded services provided by travelers, and exceeded a lot of obstacles marked for its work in the past and this testimony of many travelers and observers of the company's business."
Read More : http://www.dinarupdates.com/showthread.php?41328-The-expectations-of-the-Iraqi-air-transport-growth-9-21
hutch says():HAVE YOUR QUESTIONS READY AND WE WILL ANSWER LIVE ON THE CALL !!!!!
hutch says():OK SCOTTIEGIRL THE ROOM IS ALL YOURS BRING THOSE QUESTIONS IN AND BE READY AT 7:30 CST
scottiegirl says to hutch():Thank you! Everyone get your questions together!
scottiegirl says():Just a reminder: REMEMBER to use ? MARK when asking questions and wait til HUTCH calls on you and says GO…
Also try to keep the questions in the same category that the newstime is in… THANK YOU! "After Call" - w/RCookie,
Read More :http://www.dinarupdates.com/showthread.php?41351-News-time-with-rcookie-hutch-and-mr-White-wednesday-september-21-2016&p=162096#post162096