[millionday] note -- this that i am bringing is huge for us and i will tell you why -- anbar is on the border of syria and security has been a huge problem and as you can imagine -- safety for citizens so this is great news
[millionday] A delegation from the Anbar Council arrived in Baghdad this afternoon for a meeting with Prime Minister Nuri al-Maliki. The source told the National Iraqi News Agency / NINA / that the delegation will meet later with the prime minister and discuss with him a number of security and service issues in the province.
[millionday] note --- they have been planning this meeting and also preparing for this -- so we should see some action from this visit and not just talk due to the time they have spent preparing for change in the security there brb with more
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wmawhite] millionday .......Interesting,......this meeting was called for by PM Maliki the very day Maliki arrived back in Iraq from the meeting with President Obama.
[millionday] i agree - note -- the next group of news reports and press releases i am bringing you is mostly about the changes and growth in banking -- huge changes have occurred and have been approved
[millionday] here we go - Iraqi Central Bank, on Monday, that the proposals applicable laws and private banks civil, will be the draft is submitted to the Iraqi parliament for consideration and approval within the agenda, noting that Bank granted "Standard Jartrd" global license to open a branch in Iraq to carry out banking available.
The governor of the Iraqi Central Bank and the Agency Abdel Basset Turki for "tomorrow's Press", on the sidelines of the launch of the workshop on the development and amendment of laws No. 27 and 28 for the organization of the work of private banks and
[millionday] private that "the Bank seeks to regulate the work of banks and give it a wider area of project finance and growth investment not only in Gaza only money. "
He noted that "the central bank said on Monday agreed to grant a license to work Standrdjartrd World Bank to open branches in Iraq and the practice of banking activities available." The central bank held for the second day in his workshop to discuss the special laws of private banks.
[millionday] now let me explain why this is great -- the bank --- "Standard Jartrd" --- has received a global license to open in Iraq -- Global licensing of course is very very exciting for Iraq and of course for us due to the investment we all have in common – smile very nice – smile brb with more
millionday] - in order to support economic development in the country and get rid of the red tape, is heading the House of Representatives to pass legislation exempting the Iraqi and foreign companies from duties and taxes after the legislative recess.
though it has divided opinions specialists and the House of Representatives between supporter and dismissive of the bill, since he regarded consultant in industrial development and investment expert Amer Issa that whenever the law has been characterized by transparency and speed of the application whenever they better for the economy.
[millionday] Transparent dealings and added Issa (morning) that the country suffers from the existence of legislation are many, but there are considerable constraints to implementation and application, the belief that the development of the country needs to move cross-routine with transparency in dealings and procedures.
Supported expert exempt companies working on projects related to national development and service projects and implementing major projects that contribute to the reconstruction of the infrastructure of the country from customs duties and taxes, Hada the exception of works on development projects of the obstacles all, not taxes only, but all the facilities in the proceedings.
outlet legal and invited specialists to find a port in the new law facilitates the work of the major companies that implement the service and development projects in Iraq, as well as
[millionday] note -- please understand that this report does not mean that we are on hold until the end of the recess due to tax exemptions etc -- because taxes are not calculated daily and it does not have to be ready for calculation before they even get there
[millionday] a reference to the law of the implementation of major development projects No. 157 of 1973 , since this law has contributed to accelerate the implementation of projects in the mid-seventies transparently clear and acceptable to some extent.
investor protection and saw that the investment law, as amended, protects the investor and exempt him from taxes and customs duties, and give him incentives, saying that the problem is not to bring in investment as it pertains to the incentives and exceptions, calling in at the same time to be instructed (a bill to exempt companies from taxes) is flexible and able to accelerate the implementation of projects in the country.
[millionday] note -- the work on the red tape and customs and taxation is to attract foreign investors obviously -- smile
millionday] The law aims to exempt foreign companies implementing investment projects from taxes and fees to support development projects through the granting of privileges, exemptions and simplify the implementation and the achievement of development projects and encourage companies The contractors for the implementation of planned projects in the curriculum investment.
funding sources other hand, objected to a member of the parliamentary Economic Committee MP Qusay F on the new law and because it exempts companies from taxes and customs duties while the country needs to alternative sources of the budget is the oil, he says.
[millionday] between the Law may be read in two readings the first and second, and is still under discussions and studies as it currently exists at the parliamentary finance committee for the purpose of thorough study of the law, likely it will be submitted to the Presidium of the parliament after the legislative recess current in order to vote on it.
said Friday that there are attempts at trying not to pass the law through the remainder of the current legislative session, arguing that it does not serve the country and its impact negatively on the national economy, especially as the proposals of the relevant committees it is divided into several views of which encourages investment, calling for building a modern state, as in the rest of the world that impose taxes and fees customs.
[millionday] that is the end of this report and i think that this is a very important step when such a risk is being taken by moving your business there and not just for the security fears but also for the lack of knowledge in computers and most all advancements ---
so of course we would expect that many of the jobs would be filled by outsiders --- this is not easily understood when so much has been lost and they are now able to own land and are also seemingly breaking promises -- the jobs promised ---
even though we understand the training that will occur and all of the changes that will come for them after the fact -- it can create a bad feeling or as we call it a bad taste in the mouths of some
[millionday] so of course this is a huge benefit for corporations etc to being in business ---
[millionday] does anyone have anything to add? comments or questions? ok -- brb with more smile
[All4HIM] Is this to be approved or has this been made law?
[Domino] millionday Id does seem that their fear and hesitation is justified although their inexperience will not change until they actually get started & learn "on the court" to deal with whatever comes up - Do you agree?
Dovi] Domino some things may take the passing of a generation to accomplish in the populace...legislating is one thing, has to happen first, but as we have seen in some many areas it takes time, experience, and a few successes
[millionday] Domino i completely agree --- all teenagers will be smarter and more informed than those that have been in governmental positions -- it will be a very strange country to begin --- there will not be a "know it all" within the borders -- smile
[millionday] here we go Declared the presidency Kurdistan Regional Government, yesterday, that the President of the Government of the Territory Barzani will travel to Baghdad soon to clarify the details of a project to extend the pipeline new oil to Turkey, the federal government, expected to be the export of oil through the new line early next year. said in a statement to the presidency of the Government of Kurdistan region got the "morning",
a copy of it: that Barzani said during a meeting of the Council of Ministers of the region, yesterday, that he would visit Baghdad in the coming period, noting that "the visit aims to clarify the details of the pipeline of new oil to Turkey for the federal government and to reach an understanding joint that serves Iraq
[millionday] note -- we will remember that when barzani arrives -- we will formally be in the coming period
Dovi] millionday is the coming period next year or what?
[millionday] no it is not next year it is this year
Dovi] millionday what marks the new period?
[Dovi] the coming period?
[millionday] i looked it up about a month ago and brought it and will have to look for the ink on it
[Dovi] ok thank you
[millionday] the return of the parliament is in the next period
[millionday] here we go at least that is what they said when they referred to it but we had ink that cleared uo the whole issue so i wll find it -- smile '
[millionday] Deputy Prime Minister for Energy Hussain al-Shahristani, Monday, that Iraq was able to control the inflation, as well as its ability to reduce the banks' interest to 6%, indicating that it is able to maintain the rate of economic growth for long periods.
Shahristani said in his speech during the conference Business Forum and the Iraqi investment Frenchman in a good hotel, attended by "Alsumaria News", "Iraq was able to control the inflation rate, which was more than 50% after 2003 and which is now up to 6%," adding that " Interest rates at banks also decreased to 6% after it reached 20%. "
[millionday] note -- as we see by this report i am showing you now -- the economic tools that were introduced in the economic reform are used to maintain the inflationary control for the country and they have learned how to use them very well according to this next part of the report '
[millionday] Shahristani said that "state control over inflation rates led to higher per capita GDP in Iraq, which has risen to six thousand dollars per year in 2012 after he had a thousand dollars a year," predicted that "this percentage will increase in 2013 significantly."
Shahristani noted that "this is the most important economic achievements of high growth rates in the world," stressing that "Iraq is able to maintain the ratio of these high growth not only for the next five years, but for periods beyond that."
millionday] The Merrill Lynch - Bank of America said in a report issued by the end of November 2012, according to a poll conducted that Iraq will be the fastest growing among the world's GDP and will grow in the local production of up to 10.5 percent, followed by China with 7.7 percent.
[millionday] so as we see they have huge control and success over their inflation
[millionday] as an investor in this country i say -- whooop whooop smile