Saturday, September 7, 2013

Part 1 Millionday & People Invested News Discussion

Part 1 Millionday & People Invested News Discussion

09/07/2013
Millionday News 9/6/13

    [millionday] here we go -- lets get rolling  this is about the banking

    [millionday] Encouraged the experts , bankers and economists on the opening of branches of foreign banks in Iraq, Adin it of " state of health " because it will contribute to support the economy and create competition with local banks , will also enhance confidence in the Iraqi market .

Banking expert and director of the Association of private banks Abdul Aziz Hassoun said that the opening of foreign banks in Iraq will strengthen confidence in the local market , especially as the market accept Iraqi economic openness for nearly ten years .

    millionday] And saw goldfinches that allowing foreign banks to operate in Iraq should not be at the expense of local banks, especially as it ( foreign banks ) receive assistance that makes her privileges than what you get Iraqi banks all of which did not make concrete steps ,
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because the merger global market remained limited restrictions , and therefore, these banks will come in ways and means of the work of a new bank is likely to be useful to the revived ( the local market ).

expert added that the banks whether Iraqi or foreign are all licensed by the Central Bank and subject to the Banking Act of Iraq, despite the fact that foreign banks able to beyond the provisions of this law , as it will be competitive with Iraqi banks ,

 and this will show negative effects when the remaining local banks under the restrictions imposed itself upon currently Bkhaddoaha to the Banking Act, pointing out that he needs to be modified , especially as there are claims to amend this law for years.

    [millionday] note -- with the opening of the market -- foreign competitiveness in all markets are not good but add confidence in all markets and will effect the banking competitiveness in services and benefits etc --- they do have an issue as we all do in the market -- and this will be new to them

    [millionday] it is great to see that their banking laws are in place for all entry and the market as well

[millionday] And between the Goldfinch that foreign banks have great potential to work in different markets than domestic banks , despite the fact that Iraqi banks play an important role in the financing market and reconstruction projects . It is said that the CBI had agreed over the weekend to open a branch of a British bank in Baghdad, the bank expected that the proceeds of its work before the end of this year.

    [NUMBERS] is there any American banks there?

    [millionday] the proceeds expected by the end of the year is very telling in itself -- they will be gaining there by the end of the year --- hmmm  there is more about that

    [millionday] A statement issued by the bank, received the "morning" a copy of " Bank management agreed in principle to open a bank," Standard Chartered " British branch in Baghdad to exercise the banking business ," noting that " the bank told the representative bank in Iraq this approval ."

Was a number of private banks criticized in July 2013 opening of foreign banks in Iraq , arguing that it does not meet the ambition and keep away from the economic reality of Iraq. was opened by Prime Minister Nuri al-Maliki in June 2013 S branches for " Citibank " the U.S. in the Green Zone ,

 the first U.S. bank is opened in Baghdad. , in turn , said a member of the Finance Committee parliamentary MP Najiba Najib told a news briefing : "

It is after the withdrawal of Iraq from Chapter VII showed foreign banks universal desire to open branches in Iraq , and began legal procedures required of them in order to engage in business in the coming period "

    [millionday] note -- in the coming period --- have to love it

    [millionday] , arguing that this step will contribute to advancing the Iraqi economy forward and the advancement of any way the banking sector. said Najeebeh that banking laws adopted after the year 2003 and the presence of a suitable ground of legislation ,

investment and profits make way for foreign banks to open branches without fear, stressing that this it will encourage investment companies to come to Iraq, despite the reluctance to invest its funds . was adviser to the Bank ' Citibank ' American branch of Iraq Stephen Randov had said in an earlier statement :

 [millionday] "The step our company came after an extensive study into the Iraqi market and stages developed where luck that Iraq has become a magnet for investment in various sectors , especially in the field of oil , tourism, construction and housing ,

so it was essential that we have a foothold in Iraq and open a branch for us. " he Randov that the bank Citibank is one of the financial companies mission in America ,

so its presence in Iraq would have a fruitful results in support of Iraq's economy and moving the entire foreign currency and the presence of foreign liquidity as possible to utilize them in the implementation of various projects for both the public and private sectors.

    millionday] there we have it with citibank in the green zone -- they certainly are telling us they are not involved to help with man hours -because they certainly are involved

    [millionday] we should see iraq listed on their foreign listings when they are ready for it to be seen – or in the coming period   smile   brb with more

    [Smokey Mtn. Dinar] Have we ever figured out just what "In the coming period" is? Time wise?  Is it the beginning of the next quarter in October?

    [millionday] it is in reference to a time coming as in -- next -- coming up -- etc -- it is no described time

 [millionday] here is about development and where they are in it

    [millionday] He pointed out a number of specialists in economic affairs to the need to achieve economic development in all Alqtalaat of production and service , arguing the importance of working to contain the empowerment of human resources work , as well as interest in the joint administrative process of economic development .

Mehdi al-Hafez economist stressed the need to build new foundations for activating the reality of development in the country, pointing out that the stage requires the face of all the challenges that hinder the development process in the country.

    millionday] note -- they are saying they need everyone to join together to say where they are in development

    [millionday] He added that the advancement of human resources is very important and then move towards economic sectors , without exception, including productivity and service , as can a country have a youth society, that rises its economy through proper planning ,

which employs wealth for the advancement of the economy. He pointed out that a country like Iraq possesses great wealth and he can achieve different overall advancement if the careful planning with the proper mechanisms for the implementation on a global level .

 [millionday] they need to verify where they are for proper planning in timeline and implementation

    [millionday] The International Human Development Report which was released mid - nineties of the last century, drew a distinction between the first set of threats threats own local communities and different regions in the world, the report identified seven elements or the values
​​of human security are offset by the risks and threats .

Security is the economic offset poverty as the most important threats, food security and represents hunger and famine, health security , while the risks of harm and disease, environmental security, including the risk of forms of pollution and environmental degradation and depletion of resources,

    [millionday] either personal security different forms of violence , the security community is a violation of the integrity of cultural diversity and homogeneity most important threats. either second is of a global nature threats being is going to spread beyond the borders of their own countries such as transnational threats and include housing the explosion

, the growing disparity in income at the global level , international migration of population as a function of population growth , poverty and environmental degradation.

[millionday] this is talking about the need for security so the economy does not suffer when no one is looking and that all things are secured as well electronically

    [millionday] The specialist in economic affairs Jassim Al Aradi pointed out that the problem of unemployment is one of the most complex , which lead to a lack of investment potential of the youth to achieve economic viability , which must represent the product of this important class in society which should be the main pillars of economic growth .

 He pointed out the importance of working to contain the unemployed through training centers and development scattered across the provinces and allow them to careers closer to Malohm , and then support them financially through lending programs in collaboration with banks and relevant organizations and the creation of small and medium producers and service develop the economy and raise the economy of the family .

    [millionday] note -- as we know here they have a need to make sure they have established classes and make sure their working class is healthy as far as growth for the next generation in education for the stability of the country`s economy

    [millionday] last part>>>>>>>>>>>>>>  He said the negative impact of unemployment on the tracks of a large national income , so keen every country in the world in the various measures of the international economy , especially developing countries , to reduce the negative impact of unemployment as an indication that the available resources that are untapped right , including human resources.

He stressed attention to the basic principles of economic management and its role in activating the reality of development in all sectors of the economy , pointing to the importance to contain the deficit in infrastructure and public services.

    millionday] now that they are planning on implementing their economic reform and reality they need to be very careful that the global problems do not spill over into iraq -- Iraq is the only country that has not been effected and it is very important to stay on top of this issue -- with the globe coming in for employment and investment it is a risk --- proper planning and monitoring can make certain as possible this does not happen -- this is what they are most worried about it seems and are trying to establish a plan for this risk

    [millionday] makes sense and it sounds very smart on their part imo  brb with more

    [millionday] here we go------ Passed the House of Representatives , during its regular , which was held yesterday under the chairmanship of Osama Najafi , the draft law of the First Amendment " to the law of service and military retirement " , which was submitted to the Presidency of the Council by the committees of defense and security , legal , financial, and the law of care for people with disabilities and special needs.

A statement of the department 's media council , received "morning, " a copy of it , that the parliament discussed the presence of 222 deputies extensively law of service and military retirement (No. 3 ) for the year 2010, which was voted in first reading , pointing out that the law was submitted to the Presidency of the Parliament by committees , defense and security , legal, and financial . the statement noted that

    [millionday] note -- this is fantastic for their military and the citizens

    [millionday] the main purpose of voting on the law comes in order to give the opportunity to covered Bammer coalition Provisional Authority ( dissolved) No. 91 of 2004 ( the organization of the armed forces and militias in Iraq) to continue military service by adding 5-year legal age for the rank held by or Tejeaarham assignment was to retire , as well as equality of military retired before the entry into force of the Law of the service the military for those who were referred or referred to retire after the enforcement of the law with the military ,

retired in accordance with the provisions of the law of service and military retirement present. according to the statement , the new law allow , the inclusion of the current military salary rank the top and end of service benefits and the inclusion of those injured in the service, and with total disability and partial and retiring as it legislative No. 30 of 2005, issued by the Council of Ministers on 09.24.2005 and

 [millionday] with the deceased whom the provisions of this law. and met with the voting process the law, according to the " statement " , praised House Speaker Osama Najafi, who praised the efforts of the security and defense committee in contributing to enactment of a law he "serves the sons of the armed forces ."

Moreover , the Board approved a bill care for people with disabilities and special needs and the report of the working Committees and Social Affairs , Women and Family and child health, the environment , human rights and which aims to care for people with disabilities and special needs and

    [millionday] prepare them for reintegration into society and to raise awareness of disability and prevention and to contribute to the provision of the reasons for a decent life for covered by the provisions of this law for the purpose of coordinating the work and tasks between the relevant ministries in order to achieve it. noted that the Council another session will be held on Saturday, scheduled to discuss a number of important laws .

    [millionday] the law in place helps the handicap to make a life and the country is full of them -- many in need so this is great for a war torn country -- as we are used to this

piuser64] MD .. i noticed in forum ..news article says Nokia opening in Erbil .. Microsoft just purchased Nokia..makes sense now..

    [millionday] piuser64 this is more on it

    [millionday] Plans to the media and communications during the months of September this month and next October , to start proceedings rental frequencies for third generation mobile phone , in order to run after that before the three companies operating in Iraq « Zain , Cork, Asiacell » .

 Said Chairman of the Board of Trustees of the Ali Nasser Khuwaildi for » Center Brief for the Iraqi Media Network » that « the authority has introduced a draft calculating fiscal revenue earned from mobile phone companies and audit percentage wage organizational achieved the body to consulting firms top five in the world » ,

adding that « the authority has to bring in a company (KPMG) specialized audit arithmetic that took it upon themselves to implement this project. " and added that " the Commission in connection with operation of Jilin , the third and the fourth , at the same time after being presented to the Company (PWC) global Advisory that

    [millionday] analyzes the telecommunications market of Iraq to ensure the well-being to get the best services at affordable prices and the nature of services and a minimum of goals to be achieved and the amendments to be taken by the Commission to ensure a competitive market dynamics, especially that Iraq big markets in the field of mobile service . "

promised Khuwaildi this project," boom task "in the reality of communications, noting that the company has completed Bid first because part of its work is to give the fourth generation.

    [millionday] note -- this is huge for their market -- i am going to bring the whole report for those interested

    [millionday] It also revealed that in the next few weeks, the company will determine prices rent frequencies of the third generation of the adoption by the Board of Trustees based on estimates of the company and then put the technical requirements and legal and regulatory rent those frequencies for the deployment of services as soon as possible ,

on the grounds that the companies operating in the country the current time has and has the infrastructure ready for it , and it does not need a license to sell frequencies , while the license sale process will be conducted in the fourth generation of mobile phone in Baghdad during the next year.

    millionday] note -- this makes sense with the report we got on the market goal for entry of the stock market was october -- this is not set in concrete and is still iraq so we shall see

    [millionday] this is very encouraging -- lets read the rest about the prices being set -- smile

 [millionday] Begin during the months of September current and next October , procedures rental frequencies for third generation mobile phone , in order to run after that before the three companies operating in Iraq , " Zain , Cork, Asiacell ," as stated by the Chairman of the Board of Trustees of the media and communications Ali Nasser Khuwaildi , in his first media statement after assuming office.

He said Khuwaildi for " Center Brief for the Iraqi Media Network ," that " the authority has introduced a draft calculating fiscal revenue accruing from the mobile phone companies and audit percentage wage organizational achieved the body to consulting firms top five in the world,"

noting that " the authority has to bring in a company (KPMG) specialized arithmetic audit that took it upon themselves to this project , as it will study the network in order to be properly audit for the money despite the arrival to the Board from 2007 to 2011 , "expected completion of the project the end of this year .

    [millionday] so they will have a program that is used globally for pricing and calculating for the companies

 [millionday] He added that " the process of running Jilin third and fourth at the same time , after being presented to the Company (PWC) Global Advisory (which is one of the important companies in the world) that analyzes the telecommunications market of Iraq to ensure the well-being to get the best services at affordable prices and the nature of services and the minimum of goals to be achieved and the amendments to be taken by the Commission to ensure a competitive market dynamics,

especially that Iraq big markets in the field of mobile service . " promised Khuwaildi this project," boom task "in the reality of communications, noting that the company has completed Bid first ,

 because part of her job is to give the fourth generation , and is by amending the contract between the Commission and companies present because there is some kind of coverage , indicating that

    millionday] wow -- this is great ---    the quality of service should be amended so that the contract between the parties , including service the third generation as a new service.

 revealing that in the next few weeks will Company determine prices rent frequencies third generation of the adoption by the Board of Trustees based on estimates of the company and then put the technical requirements and legal and regulatory rent those frequencies for the deployment of services as soon as possible ,

on the grounds that the companies operating in the country the current time has infrastructure and have ready for it , and therefore they do not need license to sell frequencies , while the license sale process will be conducted in the fourth generation of mobile phone in Baghdad during the next year

    [millionday] The Khuwaildi that the Commission considered hiring a company (EY) Global Spectrum Management on the grounds that this spectrum is permitted by some at home and abroad , returned this project is of vital projects which lays foundation stone for a strong and sound investment and one of the most important resources of the state , stressing that this the company has prepared technical designs for the development and processing of system management and control of the frequency spectrum in a way to

    [millionday] last part >>>>>>>>>>>>>>  ensure investment this spectrum according to the recommendations of the International Federation , which is Iraq a part of it , and in line with the requirements of the country and taking into account the security aspect in order to achieve economic well-being .

hinted Chairman of the Board of Trustees in the media and communications to the Commission divided projects during this year to an advisory and executive , where completed up to 6 projects out of 14 projects , complaining of red tape killer located in government departments and delayed budget schedule leads to delay majority of projects .

millionday] so they planned on having this done but due to red tape it will be done in the next few weeks – hmmm   -- that is very interesting with what we are following -- love it

PART 2 CONTINUED  Link will be  made active when part 2 is posted
http://www.dinarrecaps.com/1/post/2013/09/part-1-millionday-people-invested-news-discussion14.html

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