Millionday News 10/20/15 Part 1 of 2
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Millionday: WE HAVE A LOT OF NEWS TONIGHT -- WHOOPOW
Millionday: A member of the parliamentary finance committee Jabbar Abdul Khaliq said that funds deposited in the Banking Act will begin soon after the completion of Sitagh some paragraphs in line with the government's economic direction.
Millionday: He said Abdul Khaliq's (IMN) "This law will protect the citizen's money from being lost, where would compensate citizens in the event of the loss of National Bank deposited with him this money, as well as the arrest of the bank manager and held accountable legally and his prosecution,"
adding that "in the past, the court only by virtue of the bank manager and his detention without compensation from the owner of the money deposited, as previously happened in some private banks.
Millionday: NOTE -- THE BANKING LAW ACT WILL BEGIN SOON WHICH PROTECTS FUNDS DEPOSITED AND IS PART OF THE REFORMS AND BANKING DEVELOPMENT ETC
Millionday: He explained that "the government is now moving to support investment projects, and coordination and cooperation with the State-owned banks to support it, and the development of economic projects in the country, as well as the granting of soft loans to the owners of small and medium enterprises, which will contribute to the operation of labor and support the private sector."
Millionday: NOTE -- THE GOVERNMENT IS >>>NOW<<< MOVING TO SUPPORT INVESTMENT AND ECONOMIC DEVELOPMENT ETC -- WHOOOPOW
Millionday: He recommended the Prime Minister for Financial Affairs Advisor to the appearance of Mohammed Saleh earlier, the central bank to continue its program to finance small and medium projects for citizens loans and lending again after recovery, to stimulate the economic cycle,
pointing out that this program can promise nucleus to establish a permanent fund for the development or the development of the contributing organizations Bank International future.
Millionday: SO -- THE RECOMMENDATION IS TO CONTINUE ITS PROGRAM AFTER RECOVERY -- SMILE ---THIS IS THE CONTRIBUTION FOR INTERNATIONAL BANKING THROUGH DEVELOPMENT -- HUGE
Millionday: WHOOPOW - THIS IS A VERY POSITIVE ANNOUNCEMENT TO THE CITIZENS
Millionday: VERY IMPORTANT REPORT -- WHOOOPOW
Millionday: Revealed Baghdad Investment Authority about the existence of (325) funded and foreign private sector projects.
The Commission said in a statement received / JD / copy of it: that the head of the Investment Shaker Zamili body visited a number of investment projects in Baghdad and see the progress of the plan work and the stages of completion achieved .tdment round visit to the project new life.
Millionday: NOTE -- 325 .>>FUNDED PROJECTS FOR DEVELOPMENT IN THE WORKS
Millionday: The project consists of five thousand housing units for various spaces and contains all the services of schools, health centers and public parks, in addition to the city integrated entertainment Games 127 acres. This project did provide significant employment opportunities for many unemployed youth as well as the Iraqi engineering cadres.
Millionday: NOTE -- THIS IS HUGE FOR IRAQ AND SHOWS PROGRESS FOR DEVELOPMENT AND FOREIGN CONTRACTS
Millionday: He Zamili that the project is one of the large group of investment projects in Baghdad, noting that we have 325 investment projects, all funded by the private sector presentation visor sector and foreign, and added that These projects offer a great opportunity to support the development and investment sector,
Millionday: it said in a statement: that the tour included a visit to the Iraqi German hospital project site, which Ancie on an area of 45 000 acres m 2, where the hospital building consists of ten floors with 200 beds in the first phase and 300 final stage of the project
Zamili confirmed During the visit, he said the hospital has a medical center for the cultivation of the heart, kidneys and General Surgery Iraqi administration German and
Millionday: NOTE -- WHOOPOW --- A HUGE HOSPITAL BEING REBUILT AS WELL -- GREAT NEWS
Millionday: there will be a significant polarization of cadres and expertise of medical world even Aydtr Iraqi citizen to travel for treatment outside the country, adding that the total cost of the project amounted to 100 million dollars and one project from within (7 ) hospitals in Baghdad received support from Baghdad Investment Authority to implement .walparwa provided jobs for many young people and reduce unemployment.
Millionday: OBVIOUSLY WITH THE PREVIOUS REPORT THIS IS POSITIVE FOR IRAQ`S DEVELOPMENT AND REFORM WITH ALL OF THE ABOVE
Millionday: READ EVERY WORD >>>>>>>>>>>In order to ensure the success of the lending process adopted by the central bank to stimulate the economic reality in Iraq, is interested in economic affairs stressed the need to link policies and loan mechanisms approaching sectoral.
Economist Adel Abou loaf noted in his statement «morning» to the success of the loan to contribute to the revitalization process the economic reality in Iraq, which issued its mechanisms the central bank must rely on specific interim policy to be either production base building, or activate the reality of sectors or stimulating work sectors.
Millionday: NOTE -- LOANS HAVE BEEN RECLASSIFIED -- THIS IS A HUGE MOVE FOR THE ECONOMIC DEVELOPMENT OF IRAQ
Millionday: NOTE -- THIS IS A VERY IMPORTANT REPORT -- READ EVERY WORD
Millionday: Abu loaf and saw that the loans allocated by the central sectors, especially the industrial sector is not adequate for the advancement of its value It is equivalent to 33 percent of the value of (5 trillion dinars) on the grounds that he would be distributed to the provinces,
stressing that the adoption of the foundations of true in this sector, by selecting the type of industry that are meant revitalize and rebuild its base productivity, and follow the principle of import substitution and the allocation of loans to industries specific at this stage.
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