Millionday news 12/11/13 Late Night
[millionday] raba gcc meeting has gone on today and yesterday so here is one of the reports
[millionday] - Leaders of the Arab Gulf states welcomed Wednesday Iraq's compliance with UN resolutions related to border signs' maintenance, as well as referral of Kuwaiti prisoners, missing persons and properoties to the UN mission in Iraq.
The leaders also condemned the firing of rockets from the Iraqi territories against Saudi border areas, considering it "unacceptable violation" of the international law and good neighborliness principles.
[millionday] In a final communique of the 34th GCC summit, the leaders welcomed Iraq's compliance with relevant UN resolutions namely resolution 833 of 1993 related to finalizing maintenance of border signs between Kuwait and Iraq.
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They also welcomed Iraq's signing of a memorandum of understanding over the organization of maintenance operation, as well as Iraq's agreement with the UN regarding Baghdad's receiving of compensations for Iraqi farmers, in compliance with UN resolution 899 of 1994.
[millionday] note -- this is a response to what they have acheived in Iraq recently
[millionday] The Arab Gulf leaders also welcomed UN Security Council (UNSC) resolution 2197 of 2013 which referred the file of Kuwaiti prisoners and missing, and Kuwaiti properties to the UN Assistance Mission in Iraq (UNAMI).
This agreement, they said, was a positive development of relations between Iraq and the State of Kuwait. They said the question of prisoners and missing people as well as return of Kuwaiti properties were issues of "pure humanitarian nature," hoping the Iraqi government would continue cooperation with Kuwait and the international community to address these matters.
[millionday] The Gulf leaders, meanwhile, warned against consequences that would result from the firing of rockets, and urged the Iraqi government to prevent occurance of these acts in future.
The leaders also condemned the bomb attacks in a number of Iraqi cities that killed many innocent people. They also reiterated importance of unity of Iraq and non-interference in its internal affairs.
[millionday] so as we see - very happy about the changes with kuwait and calling for them to stop setting off rockets or threatening noises etc brb with more
[millionday] Student member of the committee of economy and investment MP / National Alliance / Hussain Mura'bi, to expedite sending next year's budget to the House of Representatives.
said Mura'bi (of the Agency news): must be accelerated to refer the draft budget for 2014 to the House of Representatives, to be able to approve early not to delay the implementation of projects, calling exceeded stages intersection political
[millionday] between the parliamentary blocs to separate budget development provinces and territories in isolation from the draft general budget. warned: the exploitation of some of the budget discussion for political gain and propaganda, especially as we approach the date for parliamentary elections.
was the Minister of Finance Agency Ali Shukri revealed earlier that the 2014 budget next year of 174 trillion dinars and a deficit of up to 27 trillion per day.
[millionday] again we have accelerated nice - as we also know -- parliament is working as well -- very good news
[millionday] now today we looked at what Item VIII is with the IMF as we read about last night so make time to read what i brought so you can understand but
[millionday] one thing that is very exciting about it is that they have to have international currency rates for the IMF for Item VIII brb with more
[millionday] Minister of Commerce and Industry Anas Al-Saleh said here Wednesday that Kuwait was keen on supporting all efforts and initiatives aimed at promoting inter-Arab cooperation in various fields, particularly economic issues.
In a speech on behalf of His Highness the Prime Minister Sheikh Jaber Mubarak Al-Hamad Al-Sabah at the opening of the Arab Investment Forum, Al-Saleh said that the issue of localization of Arab investments and attracting foreign investment from all over the world is not the liability of investment promotion authorities alone but it is the responsibility of all relevant actors.
[millionday] He added that Kuwait, out of its keenness on the importance of localization and attracting of Arab and foreign investments to the countries of the region, has supported many of the initiatives, projects and legislation that flow in the interest of achieving this goal.
He pointed to a number of these initiatives, including the continued growth of the Kuwaiti investments in Arab countries, which enabled it (Kuwait) to occupy first place in the list of the Arab world's largest exporter of inter-Arab investments, in addition to contributing to the establishment and hosting of several economic organizations.
[millionday] note -- this is fantastic and is also from the arab meeting we have been waiting for results from -- very positive
[millionday] He added that Kuwait is aware of the benefits of foreign direct investment that go beyond the issue of funding to include the transfer of technology, innovation, management, modern marketing to achieve operation objectives and diversify sources of income and development.
For his part, Director General of the Arab Fund for Economic and Social Development Abdullatif Al-Hamad stressed the importance of the forum to strengthening Arab cooperation in the fields of economy, investment and development, especially in the field of foreign direct investment.
He added the Arab economies have not succeeded in attracting important foreign investment, saying that their share of the total global flows have only increased about five percent during the last 10 years.
[millionday] He noted that all countries in the region were in dire need of foreign investment for attracting and localization of new technologies and integration into the global markets and face the many challenges.
He explained that among these challenges are the provision of 50 million jobs over the next 20 years, facing weakness of natural resources, especially water, as well as oil and gas resources, expecting consumption of the region's countries to increase to 60 percent in the coming years.
[millionday] note -- as we can see here -- all ME countries are going to try to take advantage of the global trade attraction that has occured from Iraq and the attention given by so many countries
[millionday] In turn, Director of the legal department in the Direct Investment Promotion Authority (DIPA) in Kuwait Barjas Al-Hajri said the forum aims to initiate a constructive dialogue between those responsible for the planning and development on the one hand and investment and promotion on the other hand, in order to enhance coordination and cooperation frameworks and improve the attractiveness of the region's countries for investment.
Al-Hajri pointed to the need to provide the objective conditions that "make our region more attractive for investment by promoting transparency in the procedures and the introduction of best practices in planning".
[millionday] again -- upcoming event !!
[millionday] He explained that the DIPA would be at the head of the beneficiaries through its interaction with the actors involved in promoting this event.
He pointed out that the DIPA was established recently in order to encourage direct investment, both domestic and foreign, and raise the level of competitiveness and business performance in Kuwait.
[millionday] nice -- brb with more
[millionday] . The Commission on the economy and investment representative, the importance of opening branches of international banks developed in Iraq to create an atmosphere competitive among local and foreign banks to provide better banking services.
said the decision of the Committee MP / Kurdistan Alliance / Mahma Khalil (of the Agency news): that the Iraqi banking sector still lags behind evolution in global banks, so the introduction of international banks discreet to open branches in Iraq will Paramount broadcast banking culture and identify the most important modern technologies involved in the banking business, which
[millionday] , which will stimulate the local banks to develop their work. added: It has to be encouraging global banks to open branches in Iraq so as to create an atmosphere competitively compete through local and foreign banks to provide the best banking services using the latest technologies.
pointed out: that the banks' desire discreet and universally known Kalamrakih and English to work in Iraq is evidence that Iraq fertile environment for business investment and possesses a significant economic.
[millionday] obviously this is talking about the great benefits of the opening of international banks to Iraq -- and we like them all – smile oh this is nice smile brb with more
millionday] now this is great -- here we go-- Karbala Council decides to bind all departments to maintain work smart card Karbala / obelisk: president of the Economic Committee in the province of Karbala Tariq Kikhany, on Wednesday, the council passed a resolution which required all government departments in the province to work smart card system in all public trading.
He Kikhany for "obelisk" during his meeting with the directors of conservative circles and the company's representative global smart card "on the company's deployment of a large number of ports of delivery to take advantage of the Smart Card service all over the province for the purpose of facilitating it to employees to receive their salaries and all grants and Almkavoouat",
stressing that "Provincial Council issued a decision requiring all government departments in the province to work smart card system issued by the Rafidain and Rasheed in the trading public."
The meeting discussed a mechanism to use the smart card in conservative circles and how to take advantage of this new technology to get rid of fraud and misappropriation of funds by the weak people
millionday] oh now this is great for many reasons -- visa and mastercard and also a global smart card has a great ring to it – smile i know it made me smile -- whooop whooop brb with more
millionday] here is the answer to the issues of oil and kurds -turkey
millionday] Finance Committee required the approval of the Federal Audit Court on exchange entitlements oil companies operating in the Kurdistan region, while ruling out the disbursement of funds because most contracts for those companies illegally to the lack of approval by the federal government.
A member of the Committee MP Haitham al-Jubouri told / JD /: Duane demanded financial control to ratify the dues oil companies operating in the Kurdistan region, and in the case of counting validation, will be allocated within the budget in 2014.
Jubouri said: that most of the contracts concluded by the province with those companies without the consent of the government and this is illegal and unconstitutional, adding that Turkey's insistence on Baghdad's approval of the contracts concluded by the province with recently is a sign of being unconstitutional.
[millionday] He added that these contracts with the companies the province can not be considered legal without approval of oil and gas law, which will define the powers between the province and the federal government.
The Deputy Prime Minister for Energy Hussain al-Shahristani has said a few days ago: that any process to extract oil or exported could not be made without the approval of the central government in Baghdad and the Ministry of Oil exclusively.
Shahristani said at a joint press conference with Turkish Energy Minister Yildiz Steiner: that Iraq is ready to meet the needs of Turkey for oil and gas in accordance with the mechanisms and criteria adopted for the Iraqi Oil Marketing Company of Iraq.
He explained: that any amount of oil is exported from any area in Iraq should be measured by the Iraqi Oil Ministry and determines the selling price by oil marketing company, and deposited in the revenue account the development of Iraq and distributed according to the federal budget approved each year.
For his part, Yildiz: that Turkey is committed to the unity of Iraq and all Iraqis enjoy their wealth of natural.
millionday] so if it is illegal to bring out and trade oil without the oil and gas law -- and then shahristani says that they are ready and able -- hmmm is what i have to respond with
millionday] so they are obviously using the oil and gas law in place and may make amendments of course this would not be the first time that some things have happened behind the scenes
[millionday] hmmmm we love us some progress
[millionday] i tell you where i think we are -- obviously with what is required with the IMF -- we are very excited and are curious to see what is next from them and the requirements of Item VIII
[millionday] so know that i am searching high and low to say the least -- hmmmm
millionday] so we are searching for IMF compliance at this point smile brb
[millionday] here is something that has to make us smile -- whooop whooop -- Announced a joint cooperation agreement between the Iraqi Institute for economic reform and bitter melon group aimed at activating the role of the private banking activity Iraq and increasing its efficiency in the economy by holding workshops and provide economic studies and analysis and the possibility of economic practices.
the Convention also included training courses in the areas of management, finance, accounting and other disciplines. the agreement was signed by the Dean of the Iraqi Institute for economic reform, Dr. Kamal Basri, Chairman of the group, bitter melon with depository member of the Board of Trustees of the Institute.
Manaf Goldsmith, Executive Director of the Institute is harmful Suhail, Group Vice President at Al-Hasani * sign collaborative agreement to activate the role of the private banking activity
[millionday] so as we see here -- they are preparing for economic reform and are still training extensively for the move very nice i like that whole announcement from the start to the end whooop whooop do you?
[millionday] so it is late and we all have things to get done so i will research some more tonight -- i am still expecting some more news tonight --- but for now