Millionday Roundtable 8/22/14 Part 2
[millionday] Foreign Minister of Bella Russia Vladimir McKee Up to Baghdad on Saturday at the head of an official delegation. An informed source said that Mackey will meet during the visit a number of Iraqi officials and will hold talks about the development of political and security situation in Iraq and the region.
millionday] -ali Naji has just ended, the meeting of the delegation negotiating powers of Kurdistan with the National Alliance on the formation of the new Federal Government, as has been agreed between the parties to submit their papers negotiated and agreed upon.
said a member of the delegation from the Kurdistan Islamic Group MP Ahmad Haji Rashid told the "Khandan ""
[millionday] The delegation negotiating the Kurdish held a meeting with a delegation of the National Alliance, and the meeting ended shortly before, and it was a positive meeting,
"explaining that" the meeting discussed the nature of negotiation and communication on the general principles for the formation of the next federal government, and the need to resolve the problems between the province and the center and abide by the constitution. "
and between "The two delegations agreed during the meeting to present their papers to the other negotiating on forming a government," he said, adding that "there is another meeting with the delegation of the Kurdish National Alliance will be held two days later."
[millionday] SO WE HAVE A MEETING THAT WILL BE HAPPENING AGAIN TOMORROW FOR THE HOPES OF GETTING THIS ALL RESOLVED WITH THE FORMATION OF GOV BY MONDAY AS THEY ARE TRYING TO GET IT DONE BY MONDAY
[millionday] THEY ARE ACTUALLY MEETING AND GETTING ALONG AND THIS IS MUCH MORE POSITIVE THAN WE HAVE SEEN IN MANY YEARS
[millionday] THEY ARE ALSO WORKING ON THE BUDGET
[millionday] Parliamentary Finance Committee temporary for a deficit in the budget bill for fiscal 2014 is 56%, while the government has demanded to reduce the deficit to 11% and to identify the expenses of the displaced and the arming of the army.
said committee member MP Haitham al-Jubouri, the House of Representatives refer the budget to the government and gave it 15 days to re- formulated revealed the existence of a deficit is not acceptable in the budget of 56%. ,
adding that the Finance Committee called on the government to reduce the deficit ratio to 11% to facilitate the adoption of the budget in the House of Representatives, referring to increasing the size of expenditure on IDPs and arming the army during the last period.
[millionday] was an MP for the Liberal block and a member of the Finance Committee Magda Tamimi has demanded the presidency of the House of Representatives sent a letter to the Ministry of Finance is the presentation of the report in detail to the overall disbursements and all ministries to exchange know how much each ministry.
[jetset] MD, what are your thoughts on tomorrows agenda for parliament? It seems pretty Vanilla...
[millionday] SO THEY ARE REDUCING THE DEFICIT FOR THIS BUDGET AND ALSO ARE CLAIMING THE AMOUNTS FOR EACH MINISTRY
[millionday] THEY HAVE NOT BEEN RELEASING THE ENTIRE AGENDA FOR SOME REASON -- SO I AM NOT BELIEVING IT TO TELL YOU THE TRUTH
[millionday] With an economy poised for resurgence, abundant numbers of educated and talented people immediately available and an attractive pro-business fiscal environment, Iraq has much to offer.
Superb strategic location — a gateway to the region Iraq has historically occupied a pivotal position in the Arabian Gulf and Middle East region.
It has strategically important ports and airports and can prove to be a cost-effective trading and distribution location.
[millionday] There are investment needs across all sectors of the Iraqi economy. The Government of Iraq has identified over 500 investment opportunities according to investment map throughout Iraq in a variety of sectors.
These include construction, manufacturing industry, agriculture, tourism, housing, telecommunications and healthcare. Most of these are immediately available and further details can be obtained by contacting the National Investment Commission.
millionday] Iraq’s strategic position, availability of people and competitive cost base make it an excellent location from which to export to the region and to the world.
However, given that the majority of goods sold now in Iraq are imported, Iraq’s domestic market of 34 million people offers an obvious opportunity to produce and sell goods and service to provide import substitution.
[millionday] NOTE -- THIS IS THE INVESTMENT FOR THE NATION -- DOESNT SOUND LIKE THEY ARE GOING BACKWARDS AT ALL --
-rudie] Sounds like a strong marketing statement to me!
millionday] Competitive wages and operating costs Iraq’s cost base is one of the most competitive in the region and globally. For example, an engineering professional is 89% cheaper than the UAE and a skilled operative 92% cheaper than the UK.
Whilst wages rates are dramatically below those in the United States or Europe, this factor, combined with Iraq’s availability of graduates and professionals means an overall excellent value for money investment proposition
[dovi] Its definitely forward moving
[millionday] rudie EXACTLY
[awesomedtl] They need get the ship in the water
[jarhead] Moving forward
[millionday] Strong investment incentives, tax exemptions and guarantees offered Iraq offers investors a period of ten years free from all taxes, including corporation tax and fees.
This period is extended to 15 years if the project is a joint venture with a majority Iraqi stakeholder. Additional incentives include the right to repatriate investment and profits from investment, the right to employ foreign workers when needed and three years exemption from import fees for required equipment.
The Government of Iraq also guarantees that investments will not be nationalized or confiscated.
[millionday] Even after the generous tax-free period has been completed, investors will continue to benefit from Iraq’s company tax rate of only 15% -
one of the most competitive in the region and globally. Both the tax free period and the low ongoing rate help investors to become profitable more quickly and encourages reinvestment.
[millionday] WOW SO THEY SURE ARE BEATING OUR RATE TO SAY THE LEAST
[millionday] The Iraqi economy boasts a number of established companies, state-owned-enterprises and service providers. As the country continues to refine its investment environment and bring stability to its political, security and economic activities, local partners serve as good option to expedite and navigate the legal, regulatory and physical landscapes of Iraq.
Local partners have access to vital market knowledge; navigate regulatory requirements; provide labor and other inputs at competitive rates; utilize pre-established sales network; and maintain other necessary business relationships, i.e. banking, legal, and distribution, which are critical to the success of an operation.
millionday] While these companies maintain room for growth, many are poised to share in both the investment risk and long-term benefits.
These companies and service providers span most sectors, industries and provinces throughout Iraq.
[millionday] Iraq holds one of the principal hydrocarbon reserves in the world. With proven reserves estimated at 143 billion barrels, Iraq’s undiscovered oil reserve is considered to have the second largest reserve in the world --
possibly 300 billion barrels. Iraq also has reserves of gas of 127 trillion cubic meters. Iraq is also rich in other minerals, including sulphur, phosphate and iron.
[millionday] SO THAT IS THE MOST IMPORTANT REASONS TO INVEST IN IRAQ –
THE TOP 10 AND THEY ARE WHOPPERS SO AS WE SEE WITH THE APPLICATION AND ONE STOP SHOP NOW AVAILABLE –
IT IS NOT STRANGE THAT THEY ARE HUSTLING TO GET ALL REFORMS DONE
[millionday] I HAVE TO SAY THE NEWS IS FULL OF THE BOMBINGS –
AND THEY WERE TERRIBLE TODAY BUT THE GOV IS WORKING AND AS WE SEE THEY HAVE ALSO HAD THE MEETING WITH THE KURDS --
[millionday] ALL GREAT NEWS
[Pablo] So, are they for sure going to bring in the new GOI on Monday?
[rudie] Pablo Pablo Pablo nothing is for sure BUT that's what they keep saying!
[Pablo] Assuming that they do, how soon will we hear about it?
[rudie] oh man! you got the only answer I had! lol
[MichelleL] should have told him "soon" rudie
[minkfarm] rudie lol
[rudie] we'll wait for millionday's answer to that
[millionday] Spokesman of the presidency of the Kurdistan region denied on Thursday that Head of the Region, Massoud Barzani is linking between the objects of the export of oil and the province of Kirkuk.
The spokesman, Omid Sabah said in a press statement that some of the media picked up what was announced by the head of the National Coalition, Iyad Allawi, for a newspaper, quoting Massoud Barzani as saying that the objects of Kirkuk and oil are linked together.
He stressed that "Barzani did not say anything like that, as he did not talk about this subject
millionday] Pablo WE HAVE TO WAIT AND SEE WITH IRAQ -- THEY SAY THEY ARE BUT ACTION IS MUCH BETTER THAN WORDS
[kba] Thank you. I just spoke with Dinar Corp. If you live in TX and have reserves, they are closing out all Texas orders and will be sending the dinar paid for. However, if you want to keep the reserve, you can change your address to an out of Texas address, and protect your reserve.
Texas changed their licensing, and DC did not catch it in time. It will take about 3 weeks before they will get it fixed. Thanks
[kba] Sorry for the interruption, but this could be important this weekend. The guy said "change your address as soon as possible."
[millionday] THANK YOU FOR THE INFO HUN -- GREAT NEWS FOR THOSE THAT ARE THERE I AM SURE
[millionday] HERE WE GO
[millionday] Chief Executive of Standard Chartered Bank International decaffeinated Wishart that Iraq has investment opportunities are large and this requires the availability of local banks sober able to meet the requirements of these investments .
jae it in an interview with him in front of a gathering of experts banks and their directors and members of the Association of private banks in Iraq, and expressed hope that banks beyond civil obstacles that hinder their growth and development .
bhsp morning newspaper And on the question about the areas that can be provided to the banking sector,
said Wishart: the way in which managed a weak and need to adopt international experiences in this area by adopting international standards and specifications, declaring his readiness to provide assistance in the training of cadres banking cooperation with the
[millionday] NOTE -- CHARTERED BANK AND ITS SOUNDS AS IF THEY NEED TO HURRY -- LOVE THIS
millionday] Association and leading to the development of its relations with international banks. The head of the Association of Wadih Handal had reviewed in his speech that were started thanks to this initiative and the reality of the banking sector in Iraq,
and pointed out that the statistics compiled by the Iraqi Central Bank on the number of branches of private banks has reached 600 branches across the country, indicating that their capital amounting to up to six billion dollars.
He sought the Association to achieve partnership with international banks in order to contribute to the development programs and the implementation of strategic projects in the country,
also spoke Handal prospects Association where she is preparing to hold a banking conference to discuss the implementation of their decisions Banking Conference first held in Baghdad, what has been implemented from the recommendations of the Conference Iraqi banking Lebanese, which was held recently in Berott.ouhdhar meeting, a
[millionday] NOTE -- THIS IS AGAIN REFERRING TO THE BANKING CONFERENCE AND THE APPLICATION OF WHAT THEY WERE TOLD TO DO TO MOVE FORWARD -- SMILE
millionday] gathering of experts and interested banking economists and members of the Association of private banks in Iraq, Mohammed al-Dulaimi, director of banking relationships in a representative of Standard Chartered Bank.
[millionday] SO AS WE SEE -- MORE PREPARATION TO GO TO INTERNATIONAL BANKING -- GLOBAL IS WHAT WE WANT TO SEE
[millionday] THIS IS REFERRING TO A HUGE MEETING THAT OCCURRED
[MichelleL] sounding great
[millionday] I AGREE
[millionday] SO WITH THE BOMBING ON PRAYER DAY THERE IS NOT A LOT OF NEWS -- SO WE WILL MEET BACK HERE TONIGHT AT 730 EST
[MichelleL] thanks so much for all your time and effort and the help with dinar corp, millionday - everyone really appreciates it cya tonight!
[millionday] ANYONE WITH DINARCORP RESERVES OR PURCHASES THAT HVE NOT RECEIVED YOUR NUMBER -- YOU NEED TO CALL AND PRESS 2 WHEN IT CONNECTS