Millionday News 12/09/14 Part 2
Welcome to dinarupdates.com for news time with Millionday!
Millionday: THE IMF HAS ENDED MISSION ON IRAQ AND WILL NOW BE MEETING NORMALLY AND THE FINANCIAL COMMITTEES ARE STATING THEY DONT WANT ANY NOTES RELEASED UNLESS IT IS FOR THE REMOVAL OF THE THREE ZERO PROJECT
Millionday: HERE WE GO WITH MORE PROGRESS SMILE
Millionday: Lebanese bankers said they still consider the Kurdistan region of Iraq and promising economic market in spite of the security conditions experienced by, and attacks by militants organize "Daash", and the financial crisis in the current year with the federal government.
Millionday: NOTE -- INTERNATIONAL BANKING
Millionday: The Chairman of the Board of Directors and General Manager of BLOM Saad Azhari on the occasion of the opening of the branch in Arbil, to be added to the Lebanese banking branches other,
it would be the bank's other branches in the near future in the region, due to the future of the region in the field of oil and the possibility of increasing large the foreign investments,
noting that First Bank will work with companies in general in the trade, and then in the retail and residential loans and personal loans, and pointed out that the Bank such experiments in several Arab countries in the region.
Millionday: NOTE -- SO THEY ARE EXPECTING OR CALLING IT EXPECTING AN INCREASE IN INTERNATIONAL INVESTMENTS AS WE ARE PER REPORTS
Millionday: For his part, director of the bank branch in Erbil George severe: "We are interested in this country, spreading the culture of non-use of cache, and the use of checks, Dept. Card and Credit Card instead culture, and deals with the right of the banking system, and certainly with the central bank ..
our contact with the outside easily the work of a lot of companies, both internal and external companies and we have a branch in Dubai, and we are located in 13 countries .. in Egypt, Jordan and the easy things conversion and incoming and outgoing. "
Millionday: NOTE -- SOUNDS LIKE BANKING PROGRESS TO ME -- WHOOOPOOW
Millionday: Meanwhile, a Governor of Erbil Nawzad Hadi that the opening of the bank proof of the confidence in the economic policy of the Kurdistan Regional Government in attracting investors and companies despite the difficult economic conditions experienced over the territory and special circumstances of terrorism that destroy everything in Iraq.
Millionday: LOOK AT THIS >>>>>> Referred to the BLOM Bank received approval from the Registrar of Companies at the Ministry of Trade and leave the Iraqi Central Bank to open three branches in Iraq and once distributed in Baghdad and Erbil and Basra.
The number of branches of Lebanese banks operating in Iraq are Byblos, Intercontinental, Beirut and the Arab countries, the French Lebanese, Mediterranean, Credit Libanais, Vrencepennek, Lebanon and the Diaspora.
Millionday: SO AS WE SEE THEY ARE NOT FROZEN IN TIME DUE TO TERRORISTIC THREATS AND THAT IS GREAT THEY ARE MOVING FORWARD IT APPEARS
Millionday: I LIKE THE WORD CONVERSION
Papatom: can't sit on my hands any more.... OH BOY!!!!!!!
Papatom: INTERNATIONAL BANKING DOESN"T GO TO NOwHEre VILLE
1marsha: SO WHEN I SEE THE WORD INTERNATIONAL I GET EXCITED BUT INTER. BANKING OR INVESTMENT DOES NOT MEAN REALITY RATE?
Millionday: GLOBAL ECONOMICS REQUIRES A REALITY RATE TO ENTER THE GLOBE FOR BANKING OR THE MARKET ECONOMY THEY ARE REPORTING THEY MOVING TO -- SO WE SHALL SEE WHAT THEY DO ---
INTERNATIONAL BANKING REQUIRES THE ABILITY TO EXCHANGE AND SO DOES TOURISM NO MATTER WHERE YOU GO OR EVEN INVESTMENT WHEN YOU HAVE YOUR OWN COUNTRY CURRRENCY
Millionday: UNLESS THEY HAVE CHANGED THE ENTIRE WAY WE DO GLOBAL TRADE SMILE
VIP.Cricket22: Just wondering, what tasks are needed to be completed before Iraq can RV?
Millionday: I AGREE CRICKET
Millionday: HERE WE GO
Millionday: NOW ASK YOUR SELF HOW WOULD THIS BE POSSIBLE -- LOGICALLY
Millionday: Planning Minister Dr Salman Ali Jumaili on a quest Iraqi government towards promoting the role of the Iraqi private sector in the development process of construction and attract huge foreign investment to contribute to the process of implementation of the large strategic projects in various sectors including construction of airports, ports and the development of the agricultural sector as one of the inputs mission in the Iraqi economy.
Millionday: NOTE -- THIS WAS DURING A MEETING AND THEY ARE SAYING THAT HUGE INVESTMENTS IS WHAT THEY NEED FOR THE NEXT PHASE OF IRAQ
Millionday: This came at the reception, the Minister of the Dutch ambassador in Baghdad, Ms. Janet Saipan .. calling for Dutch companies to take advantage of these available investment opportunities in Iraq, especially since the Dutch side has a good potential in the field of agriculture ..
He expressed Iraq's desire to establish bilateral relations with sophisticated side Dutch through the activation of the Iraqi - Dutch joint as well as the possibility of training grants to increase the Iraqi cadres
Millionday: He pointed out that this training would reflect positively on the development of Iinaúh relations in the economic, political, cultural and other fields
The Minister pointed out that the goals of the Iraqi government for the next stage is reflected in the declared government program, which mainly relied on the national development plan for the years 2013-2017, which affected more or less the security envelope that Iraq is going through now ..
stressing that the activation of the role of the private sector in such conditions is very important, so
Millionday: NOTE -- COMING MAY BE YOUR ANSWER IN THEIR WORDS CRICKET
Millionday: NOTE -- THEY ARE ACTIVATING THE PRIVATE SECTOR (MARKET ECONOMY-SUPPLY AND DEMAND)
Millionday: the government is directed to provide the appropriate legislative and legal environment by amending laws that hinder the work of the sector and protect the national product, as well as the Iraqi investor protection .. as well as the fight against corruption.
For its part, the ambassador expressed Saipan for her country's desire to strengthen bilateral cooperation with Iraq and to encourage Dutch companies to enter Iraq and take advantage of the investment opportunities available .. adding that the
Millionday: NOTE -- LEGISLATION FOR INVESTORS TO BE REVIEWED
Millionday: government's ambition is to find a suitable joint planning to strengthen relations between the two countries, especially in the area of investment environment
Saipan and indicated that the recent positive developments in Iraq encouraged the Dutch side to think about strengthening relations and a willingness to contribute to the construction process and provide assistance to displaced Iraqis,
Millionday: SO AGAIN WE SEE THAT RECENT POSITIVE DEVELOPMENTS HAVE TAKEN PLACE IN IRAQ -- WE LOVE THAT
Millionday: HERE WE GO
Millionday: Finance Minister Hoshyar Zebari said that the exchange rate of the Iraqi dinar remained stable and did not affected by the consequences of the decline in oil and the level of positive inflation, and brought a different rate than expected by the International Monetary Fund.
Millionday: NOTE -- HMMMMM
Millionday: Zebari said during a round of annual consultations with the International Monetary Fund (IMF), which took place in Amman, Jordan, that "there is relief by the International Monetary Fund for an agreement between the central government and the Kurdistan region to increase oil exports, and it's a positive development on the Iraqi economy and the reserves of the Central Bank."
Millionday: Revealing the stability of the Iraqi dinar and maintaining the exchange rate against the dollar in spite of the recent economic problems, which represented a decline of world oil prices.
The Finance Minister Hoshyar Zebari announced yesterday that next year's budget in 2015 will be approved before the end of this year, the first budget approved before the beginning of the year.
Millionday: NOTE -- VERY INTERESTING THAT THE BUDGET IS BROUGHT UP IN THIS REPORT AS BEING A STEP THAT WILL BE DONE
Millionday: BRB WITH SOMETHING ON THE BUDGET
Millionday: HERE WE GO WITH BUDGET AND WHERE IT IS
Millionday: The official spokesman for Prime Minister Saad al-Hadithi office, on Tuesday, the completion of the draft federal budget law for 2015 in the coming days, while noting that it will be presented after the next session of the Council of Ministers discussed.
Sabri said in a statement that "the problem of the Ministerial Committee on the state budget will end its work in accordance with the time limit set her will complete its report on the draft budget bill during the next three or four days."
Millionday: He added that the newborn, "the report will be presented for discussion after its completion by the Commission in the next Cabinet meeting."
The "Prime Minister's Office announced that the cabinet had formed a ministerial committee to determine cut expenses all ministries in order to reduce the budget deficit in 2015, and between the Commission will submit its recommendations within a week to address and reduce the deficit Almtouka.
Millionday: SO AS WE SEE -- THEY ARE STILL WORKING ON THE NEXT YEAR BUDGET
mrref1216: What happen to the 2014 budget was it ever passed
Millionday: IT BECAME A WAY TO TRANFER REVENUES AND ENDED UP BEING USED FOR A STEPPING STONE SO TO SPEAK TO THE NEXT YEARS DUE TO THE WAR AND EXPENSES –
WE HAVE NOT SEEN IT PASSED AS A FULL COMPLETE BUDGET BUT WILL BE USED TO TRANSFER REVENUES THROUGH FINAL ACCOUNTS BY WHAT I READ
mrref1216: strange but thanks
Millionday: I AGREE -- IT SEEMS THEY ARE GOING TO USE THE BUDGET AS A CALCULATION TOOL AS I HAVE NOT SEEN IT COMPLETE
kathi: To activate the dinar, are they saying it will only revalue in Iraqi or are they saying it will go internationally as well?
Millionday: THE CHANGE IN THE DINAR PURCHASING POWER IN COUNTRY WILL RESULT IN THE CHANGE OF ITS RATES COPMPARED TO INTERNATIONAL CURRENCIES WHEN THEY ENTER THE INTERNATIONAL MARKET
awesomedtl: IT SEEMS THEY KEEP SAYKNG BEGINNING OF NEW YEAR FOR BUDGET!? I THINK WE SHOULD GET A CLUE??
Millionday: THAT IS WHAT WE HAVE SPENT YEARS DOING -- LOOKING FOR A CLUE LOL
Millionday: EVERYONE GET READY FOR BGG CALL