Millionday newstime 8/16/15 Part 2 of 2
Millionday: The House of Representatives postponed a vote on its second day of the draft amendment to the Law of Investment Law No. 13 of 2006.
The MP said the National Alliance Majid Gharrawi told all of Iraq [where] that "the parliament postponed a vote on the amendment until after the Eid al-Adha holiday for the existence of a legal notes on it."
The House of Representatives has held its day of the vote and the reading of a number of draft laws regarding been postponed hosted by Chairman Minister Haider al-Abadi until after the Eid holiday.
Millionday: NOTE -- THE AMMENDMENT VOTE FOR INVESTMENT IS REPORTABLY POSTPONED AND THE HOSTING OF ABADI
Millionday: Sep 24 Thursday Eid-al-Adha (Feast of Sacrifice) National holiday
Sep 25 Friday Eid-al-Adha holiday National holiday
Sep 26 Saturday Eid-al-Adha holiday National holiday
Sep 27 Sunday Eid-al-Adha holiday National holiday
maine: boy they are going up to the end!
Millionday: SMILE -- GOOD POINT
maine: do they work on these holidays?
Millionday: IN WHAT I HAVE SEEN OVER THE MANY YEARS -- YES THEY DO
Millionday: IT IS A NATIONAL HOLIDAY SO THE WORKER IS IMPACTED
Millionday: You can recover the Iraqi economy? Is it possible to go beyond the state knot remains of ancient wars black and debts? These questions put the files of the Iraqi economy multiple on the table always Bjrhaa,
Iraqi debts Alkadimh- war that pushed them Saddam- system's debt turned out to be a big problem for any horizon for the development of economic balanced and real,
there is of He says that Iraq's debt exceeded 25 billion dollars, half of which for the Gulf States, nine of them to Saudi Arabia, which funded Saddam's wars, and today demanding retrieved !!
Millionday: NOTE -- THIS WAS SENT TO ME BUT IS A BAD TRANSLATION
Millionday: LETS SEE IF IT MAKES MUCH SENSE
Millionday: And six dollars to Kuwait entitlement to Saddam's invasion of Kuwait, despite the fact that the Paris Club had been abolished years ago as many as 80 percent of Alarac.mhklh debts of Iraq's debt vague in the financial terms of reference, and in the characterization of the nature of the creditors,
there are more than 13 000 commercial creditor from outside the Paris Club and those who pay them up to $ 21 billion, and the rest will be repaid bonds government due in 2028 that what he said Adnan al-Khalifa, financial expert at the Rafidain Bank,
even though the proceedings brought on behalf of those creditors belonging mainly to before the events of the invasion of Kuwait in 1990,
Millionday: NOTE -- THIS IS DEBT FILES AND VERY INTERESTING TIMING AND ALSO INFORMATION -- IMO
Millionday: and this is what makes the subject of manipulation and fraud in this credibility Debt is improbable, especially in the claim by the concerned authorities in the UN Nations.
In proceedings under worsening economic crisis today as a result of lower oil prices, and the worsening of the physical pressure on Iraq, the Federal budget highlights a lot of endangered economic reality appearances, notably the fact the security challenges, and problems the displaced, and the widening violence in some provinces, and
Millionday: NOTE -- THEY ARE TALKING ABOUT THE CONCERNED UN ABOUT THE DEBT IRAQ STILL HOLDS--THE NEW BUDGET IS REPORTED AS A RETURN OF A REALITY FOR IRAQ ECONOMICALLY
Millionday: the effects of financial and administrative corruption and the fragility of the banking system, and the lack of diversity in the Iraqi resources and a weak tax system, and this of course will be more severe and signed with the Ministry of Finance to resort to borrowing from others like the World Bank
or from Japan or elsewhere to cover the deficit budget, or to cover many of the strategic projects expenses, the ministry says. !!
Millionday: NOTE -- IRAQ IS CONFIDENT IN THEIR NEW POLICIES
Millionday: parliamentarians in the Finance Committee say they do not have the precise statistics on the size of the debt, and that the stated numbers may be inaccurate,
which means that Iraq will find himself in front of the problem of payment of the benefits of this debt until 2020 and that the debt will continue to weigh heavily on the economic structure, with the absence of any real deal her.
Millionday: SO THIS IS NOT HARD TO UNDERSTAND -- IRAQ WILL HAVE DEBT -- THE REPORT IS TALKING ABOUT THE PLANS IN PLACE BEING UNDERSTOOD IN THE GLOBAL CONDITION -- IMPACTED IN ITS INVESTMENTS
Millionday: THIS IS GOOD TO SEE -- THE POSITIONING THEY ARE WORKING ON IS EXCITING -- THE TIMING AND PROCESS IN LAW MAKING ARE EXCITING TO SAY THE LEAST
Millionday: WE HAVE ALL WAITED A LONG TIME TO SEE THE TABLE FULL OF THE POLICIES AND LAWS WE SEE RIGHT NOW -- LOVE IT
maine: what is left do you think?
Millionday: PRICING /RATES IMO
maine: ok so do we need the investment law or the hcl
Millionday: I THINK IRAQ WILL HAVE IT IN PLACE FOR THE MARKET ECONOMY DEVELOPMENT
cookie: Do you think they can get this done by their deadline in October?
maine: Oct 1 is deadline by the world bank
cookie: The IMF deadline
Millionday: I HAVE NOT SEEN A DEADLINE IN OCTOBER
Millionday: I HAVE NOT SEEN A DEADLINE FOR IRAQ TO RELEASE INTERNATIONAL RATES IN INK BY OCTOBER
joyojoy: Was there a time frame or trigger for the international price index calculation to be done? or is it done
Millionday: THE INK SHOWED A REPORT THAT IRAQ WAS ORDERED TO COMPLETE THE INTERNATIONAL EQUATION BUT THE REPORT GAVE NO DATE ---
IF THERE HAS BEEN INK THAT I HAVE MISSED I WOULD LOVE TO SEE IT -- BUT NOT THAT I HAVE SEEN -- STILL NO DATE ------NO RATE
joyojoy: thank you...so that means any day!
Millionday: SMILE -- YW ALL THE TIME HUN
quicktolegit96: OCT 1 WAS ONLY A DEADLINE FOR AML FOR CORRUPTION WHICH MIGHT HAVE BEEN MET TODAY, NOT FOR AN RV.......READ THE FINE PRINT AND DON'T JUMP TO CONCLUSIONS LOL
Millionday: AML IS COMPLETE BY WHAT I READ
Millionday: THANK YOU QUICK
Dr Dave: what about Iraqs accession to the WTO? or cant do it without the Investment Laws?
Millionday: THEY HAVE MET MANY REQUIREMENTS THE WTO HAVE -- THEY NEED A MARKET ECONOMY TO TAKE ADVANTAGE OF WORLD TRADE
Millionday: DR DAVE THE INTERNATIONAL INVESTMENTS LAWS AND WORLD TRADE ORGANIZATIONAL POLICIES WILL BE APPLIED -- MOST ARE IN OBSERVER STATUS
Millionday: OF COURSE THEIR LAWS WILL ALSO BE IMPORTANT AS WELL AS ARE EACH COUNTRY`S LAWS ARE IMPORTANT AS WELL WHEN WE DO BUSINESS -- BUT THE WTO WILL BE HAPPY WITH COMPLIANCE
Dr Dave: Agreed THANKS
maine: I haven't seen any mention of the HCL
Millionday: MAINE -- THE LAST I SAW WAS THAT IT WAS DONE AND HAVE NOT SEEN IT SINCE ---
Doodle Brain: Correct me if I am wrong....The WB told Iraq to get their corruption & money laundering under control. They gave them two months in or around the middle of July.
We are all assuming that means the end of September. WB suggested that they would be "black listed" if they didn't get this under control. In no way does this say RV/RI.
However, it was encouraging for all of us to read, I will give you that. Also, the WB has been "soft" on their threats (by their track record) but I think this put a fire under Iraq's belly. My interpretation only.
Doodle Brain: Of course, that was not directed at you, MD...just for some of the questions in the room.
Millionday: I AGREE -- THIS IS COUPLED WITH THE MANY ECONOMIC FORUMS THAT HAVE BEEN HELD THIS MONTH AND THE MASSIVE MOVEMENT IN REFORMS AND POLICIES –
ABADI HAS CALLED FOR THE LAUNCH OF ECONOMIC REFORMS -- MY LOGIC TELLS ME REVENUES AND THE ISX LAWS ARE ALL A PART OF THEIR ECONOMIC RETURN --- MANY PIECES TO THE PUZZLE BEING ADDRESSED DAILY --
Doodle Brain: Agreed! Thank you.
Millionday: THE GLOBAL PRICING /INTERNATIONAL EQUATION REQUIRES THE PRICE OF THEIR CURRENCY AS WELL -- ECONOMICS TELLS US THAT -- IRAQ`S TIMING DOES NOT HOWEVER -- SMILE
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