09/20/2014
Welcome to dinarupdates.com for news time with
Millionday! Part 1
[millionday] WE HAVE LOTS OF
NEWS TO LOOK AT TONIGHT --
[millionday] BRB LET ME CHECK
TRANSLATIONS
[millionday] I HAVE BEEN DOING
SOME GREAT RESEARCH SO WE ARE GOING TO HAVE SOME INTERESTING TIDBITS WITH NEWS
TOO
[millionday] HERE WE GO
[millionday] In a time when the
banks of liquidity is high, show the need to be absorbed and utilized in the
areas of economic serve the development process through the launch of sovereign
bonds to invest in different sectors.
~~~
According to specialists
testify Citizens lack of awareness and culture in the field of investment
shares and the mechanics of circulation in the Iraqi market for securities ,
while notes that different world countries rely bourse in determining the
activity of various sectors and draw its role in the economies of their
countries.
In this context, he said
the academic economic Dr Majid Baidhani that the level of trading shareholders
in the stock market without ambition and that the lack of knowledge of a large
number of citizens of the benefits achieved by the traded shares companies listed
on the Iraq Stock Exchange.
millionday] NOTE --- THE IRAQIS
ARE NOT EDUCATED IN THE STOCK MARKET AND THEY NEED INVESTMENTS FOR ITS SUCCESSS
[millionday] said in a
statement (morning) to that in spite of the campaign launched by the Iraqi
market for securities earlier in the definition of stocks and traded companies
and advocacy to trading by buying and selling,
still more citizens suffer
difficulty in understanding the mechanism followed in the stock market and the
role of financial intermediaries in clarifying them and guide them and advise
them to do to sell or buy.
confirmed that the contract
deals in the world's stock markets is a common phenomenon being the most
prominent types of indirect investment.
[millionday] NOTE -- THEY ARE
TRYING TO TEACH HOW TO INVEST TO CITIZENS AS IT IS RECOGNIZED THAT MANY
ECONOMIES BENEFIT GREATLY BY THE GLOBAL STOCK MARKETS
[millionday] accentuated the
need for days after the last to do campaigns identifiable focused for the
dissemination of the culture of the exchange between the majority of citizens
and invite them to invest in them to enhance the performance of the Iraqi Stock
Exchange and access to the level of ambition,
at the time shows the presence
of non-Iraqi investors dealing in a smooth manner so they are in their home
countries along the sessions of the daily trading amounting to 3 hours.
[millionday] was likely
Baidhani reason for the decline in appetite or reluctance of citizens to enter
the stock market to the prevalence of the idea that the purchase of fixed
assets is much better than investing in buying and selling stocks in the stock
market, as a result of the weakness of the culture of trading bonds and shares
of companies in the stock market.
currently operates 47 brokerage
firm deployed in Baghdad as an intermediary between investors and the stock
market where the brokerage firms to receive orders from investors to buy or
sell and implemented in the stock market,
you can not invest in the stock
market only through those financial companies that specializes in the systems
of trading in the stock market, and providing consultancy for work in the
capital market.
[millionday] NOTE -- MOST
IRAQIS ARE INVESTING IN FIXED ASSETS -- REAL ESTATE -- GOLD -- ECT -- ITEMS YOU
CAN TOUCH OR GAIN FROM BUSINESS SALES ECT
[millionday] includes the Iraqi
market for securities Iraq Stock Exchange, which symbolizes her short ISX, 74
joint stock company listed on the stock exchange sectors is head of banks and
industrial services, insurance, agriculture, hotels and communication
represented by one company for mobile communications.
[millionday] SO WHAT THIS TELLS
ME IS THAT IT IS VERY IMPORTANT FOR IRAQ TO ENTER THE GLOBAL ARENA SO THEY CAN
BENEFIT MORE FROM THEIR ISX AND ESX AS WELL -- HUGE REASON TO HURRY UP IMO
[millionday] NO ONE WANTS AN
UNSUCCESSFUL STOCK MARKET -- BRB WITH MORE
[millionday] NOTE -- ANOTHER
NEED TO MOVE FORWARD
[millionday] Al-Saadi said: It
is the duty of the government to set measures to tackle the problem of
unemployment, mainly to encourage the private sector and get rid of the public
sector enterprises is effective, and activating the role of banks and lending
easy through the amendment of certain laws, especially measures mortgage loan,
would these things, the expansion of the demand for manpower in the private
sector.
pointed to the importance
of reconsidering the higher education program and develop a plan homogeneous
between the outputs of higher education and the need for the country to those
terms of reference,
where it was noted the large
number of graduates of some of the terms of reference that there is no room to
take advantage of them in exchange for a lack of other functions needed by the
labor market in both the public and private sectors. confirmed the need for
legislation the Social Security Act to ensure pension rights for
[millionday] NOTE -- REMEMBER
THAT THE BASKET OF LAWS ON THE TABLE ARE ALL THE FINAL BANKING AND INVESTMENT
ECONOMIC LAWS ECT -- ALL IN ONE
[millionday] all workers in the
private sector, according to a mechanism does not assume the state where any
additional obligations where the demand for government jobs many because of job
security and pension if has to address this matter and to expand demand by the
private sector will be less momentum on request government jobs that do not
absorb all the unemployed, as I said before.
[millionday] HE IS SAYING THAT
THE PRIVATE SECTOR HAS TO BE ACTIVATED AND BROUGHT BACK FOR ALL IRAQIS AND THE
NEED IN THE ECONOMY --
[millionday] THE REFORMS ARE
NEEDED FOR THAT ACTION AND OBVIOUSLY EXTREMELY IMPORTANT WITH WHAT IS GOING ON
IN THE COUNTRY
[millionday] I HAVE A HUGE
REPORT I AM GOING TO TRY TO BREAK UP TO THE IMPORTANT PARTS FOR US -- SO BEAR
WITH IT AS I BRING TO YA THE MOST IMPORTANT PARTS TO US
[millionday] HERE IS WHAT
ECONOMISTS SAY --
[millionday] Counting
Economists, on Saturday, the deletion of zeros from the Iraqi currency trend
"sensitive and dangerous" in light of the situation, which passes
through the country,
while others stressed that the
process is left to the decision of the CBI for being concerned only in the
monetary policy of the country, he stressed deputies in the Parliament on the
need to The process of deletion of zeros according to the techniques and
procedures intact.
He said the former deputy
governor of the Iraqi Central Bank Mazhar Mohammad Saleh in an interview to the
(long-Presse),
millionday] BRB
[millionday] NOTE -- CBI IS
INDEPENDENT --
[millionday] HERE IS WHAT SALEH
STATED --
[millionday] "The time is
not ripe for the implementation of the policy of the central bank with regard
to the deletion of zeros from the local currency, because this process needs
for political and security stability, and Iraq today are exposed to terrorize
large and fierce war ,
"noting that" the
process of monetary reform of this magnitude take place in conditions of peace
and economic growth, great. Saleh added that "this issue is sensitive and
dangerous and should be avoided, and can be applied at least in the medium term
through the next two years.
[millionday] NOTE -- HE
BELIEVES THAT THEY DONT NEED THE MONETARY POLICY ACTIVATED RIGHT NOW WHICH IS
RIDICULOUS OBVIOUSLY WITH SO MUCH MONEY BEING SPENT IN THE WAR AGAINST ISIS
[millionday] For his part,
Undersecretary of the Ministry of Planning Mahdi Keywords in an interview to
the (long-Presse), that "this issue is linked to the expertise and advice
that enjoyed by the CBI when it decides to delete the zeros."
He explained: "It
perhaps this trend is not a priority for the central bank during this
period," attributing it to "the lack of significant effects for the
deletion of zeros on the overall economic activity now.
" He pointed out that the
relationship "This measure is a phenomena that must pay attention to it
Petrhik display the currency."
[millionday] NOTE -- THE
MINISTER OF PLANNING IS SAYING IT IS THE EXPERTISE OF CBI TO KNOW WHEN AND WHAT
IS BEST
[millionday] For his part,
President of the Association of Iraqi banks Adnan Chalabi said in an interview
to the (long-Presse), "The process of deleting the zeros belonging to the
Central Bank of Iraq alone,
" noting that "this
process needs to techniques and technical aspects, we can not interfere with
the central bank is alone on this It's because it is monetary policy. "
In turn predicted MP Ali
Fayad said in an interview to the (long-Presse), that "the times ahead may
provide a base for building a new economy by changing the currency and delete
the zeros of some of them."
[millionday] NOTE -- AS IT
SEEMS WITH THIS COMMENT -- THEY MUST BE UP TO SOMETHING OR WHY WOULD THEY BE
TALKING ABOUT THEY CANT STEP IN AND STOP IT? -- HMMM
[millionday] Fayad confirmed
that "This measure will give durability and strongly hopeful Iraqi
currency," stressing the need to "subject to mechanisms and relevant
experts in the field of banking and monetary aspects of the economy, and must
be accurate so as not to affect the local economy."
For his part, former MP
Abdul Xiaa Sudanese in an interview with the (long-Presse), said that "it
is very important that the current government to delete the zeros from the
currency," noting that "the previous government was not able to
perform this operation, although it reached its final stages, but fell After
that deteriorated the Iraqi currency in 2012. "
[millionday] NOTE -- SO IT IS
VERY IMPORTANT TO MOVE FORWARD AS THE LAST GOVERNMENT FAILED -- AND IRAQ NEEDS
THE CONFIDENCE IN THEIR CURRENCY
[millionday] SMILE
>>>>He pointed out that the Sudanese "the deletion of zeros
from the currency needs to stabilize the currency and this is currently
available in Iraq."
[millionday] NOTE -- SO
OBVIOUSLY THE CLUE HERE IS THAT THEY ARE READY OR WHAT WOULD BE THE PURPOSE OF
THE STATEMENT
[millionday] Iraq is trying for
years to attract foreign capital to develop its economy in the fields of
industry, especially those related to oil, housing, and oil and gas extraction,
and to his need of the funds needed for infrastructure development and
reconstruction, but observers contend that the lack of interest of the state to
the private sector and the absence of investment laws which guarantees large
investors and the absence of Other laws are still obstacles to the development
of the economy in the form required.
Depends Iraq, which has the
fourth largest oil reserves in the world at 95 percent of its annual budget on
its oil exports and currently produces about 2.0009 million barrels a day,
while the issue up to 2.0002 million barrels a day.
[millionday] NOW THESE LAWS
THAT INVESTORS ARE DISCUSSING HERE ARE FROM A STATEMENT MONTHS AGO AND THESE
ARE THE LAWS THAT ARE IN PARLIAMENT FOR PASSING TO ENSURE EASY INVESTMENT AND
LACK OF MAJOR RED TAPE ECT
millionday] SO OBVIOUSLY TO ME
-- THE SUBJECT IS BEING DISCUSSED AS IF THEY ARE MAKING COMMENTS ON A DECISIONS
THAT HAS BEEN MADE AND THAT THEY HAVE NO WAY OF INTERFERING --- THIS IS VERY
ENCOURAGING TO ME
[mark54] Is Sunday a Dead line
for them?
[millionday] mark54 A DEADLINE
FOR WHO HUN?
[mark54] Iraq to accomplish
their business
millionday] ABADI HAS A
DEADLINE TO PRODUCE THE MINISTERS BY HIS WORD IN HAVING THEM IN A WEEK -- I
HAVE SOME NEWS ON IT WE WILL LOOK AT
[buck] the basket of laws they
want passed has been available but not voted on by parliament. which seems to
imply we wait on the ministers or the kurds or both. what say you>>?????
[mark54] Good I mean
[millionday] THEY WERE
ADJUSTING SOME OF THE LAWS THROUGH THE COMMITTEES AND NOW HAVE THEM READY FOR
VOTE -- IS SUPPOSED TO BE MONDAY VOTE I BELIEVE OR TOMORROW
[millionday] THIS IS THE JO
MORGAN CONFERENCE ECONOMIC OF COURSE IN LONDON -- THIS IS THE AGENDA OF THE
SECOND DAY
[millionday] 12:20 Lunch 13:20
Nigeria:The New 800lb Gorilla in Africa Dapo Olagunju – Group Treasurer, Access
Bank Kevin Daly – Portfolio Manager, Aberdeen Asset Management Adesegun
Akin-Olugbade – Executive Director & General Counsel, African Finance
Corporation Moderated by Giulia Pellegrini – Economist, Sub-Saharan Africa,
J.P. Morgan
14:00 Middle East:
Assessing the ISIS threat and implications Brahim Razgallah – Chief Economist -
MENA, J.P. Morgan Marcel Kfoury – Credit Portfolio Manager, Bluecrest Capital
Management LLP Gareth Stansfield – Professor of Middle East Politics,
University of Exeter; Director, Institute of Arab and Islamic Studies; Director
of Research, Strategy and Security Institute Moderated by Zafar Nazim, Head of
CEEMEA Corporate Research, J.P. Morgan
[millionday] HERE WE GO
[millionday] Raised the
Presidency of the Council of Representatives of Iraq, on Saturday, the session
of the 17th legislative term of the first legislative year, the first
parliamentary session, the first to the day after tomorrow, Monday, while
meeting witnessed the swearing to a number of MPs and give confidence to the
Minister of Commerce of the new, and host Deputy Prime Minister Saleh al-Mutlaq
to discuss the issue of the displaced A parliamentary source said in an
interview to the (long-Presse),
"The House of
Representatives Speaker Salim al-Jubouri, lifting the parliamentary session of
the 17th legislative term of the first legislative year of the first
parliamentary session to be held on the third day after Monday."
[millionday] SWEARING MANY OF
THE MINISTERS AND GIVING CONFIDENCE TO THE MINISTER OF COMMERCE
[millionday] "The session
witnessed the swearing-in of MPs Joseph Sliwa captivity rather than Knight
Joseph Jeju and just T instead Qassim Mohammed Abid and Mishan al-Jubouri,
instead of Ahmed Abdullah al-Jubouri, and Muhammad Hamza al-Jar Allah instead
of Hussain al-Shahristani and good Halboss Shammari Aedaoua in the Council and
Mlas Abdul Karim and trade minister. "
The source continued that
"the meeting saw the host Deputy Prime Minister Saleh al-Mutlaq and
discuss the issue of displaced people within the country and the obstacles they
face and Indemnity million dinars for them."
The Iraqi Council of
Representatives held on Saturday, its 17th legislative term of the first
legislative year, the first of the third parliamentary session under the
chairmanship of its President Saleem al-Jubouri and the presence of 214
deputies, while The agenda of the meeting is sworn in for new MPs and host
Deputy Prime Minister Saleh al-Mutlaq on displaced people in the country .
[millionday] NOTE -- THE
DISPLACED ARE TO BE HELPED WITH FUNDING FROM THIS BUDGET ALONG WITH STAFF OF
KURDS AND TROOPS --
[millionday] It is noteworthy
that the organization (Daash) may impose its control over the city of Mosul,
the center of the province of Nineveh, (405 km north of Baghdad), in (the tenth
of June 2014), and the committing "atrocities" against its people,
especially minorities like Christians, Shabak and others, and the destruction
of a lot of cultural and religious sites, Muslim and Christian, to dominate
after the city of Tikrit, and parts of Diyala province, which led to the
displacement of a large wave off the Kurdistan region
[millionday] NOTE -- THE KURDS
HAVE MOVED TONIGHT INTO SYRIA FIGHTING THE ISIS GROUP -- AND SUCCESS IS ALL
OVER THE PLACE IN MANY CITIES AND THEIR RETURN
[millionday] MANY OUT OF FEAR
HAVE MOVED TO FRANCE TEMPORARILY
[millionday] BRB WITH MORE
[millionday] WE WERE INTERUPTED
WITH THE AGENDA I WAS SHOWING YOU BEFORE WITH JP MORGAN
[millionday] HERE IS WHAT IT IS
[millionday] Asia & CEEMEA
Emerging Markets Corporate Credit Conference Sep 23 - 24, 2014 London, UK J.P. Morgan,
25 Bank Street Canary Wharf, E14 5JP
[millionday] REMEMBER THAT IRAQ IS WORKING ON GETTING THEIR
CREDIT RATING AND THIS IS ACTUALLY TALKING ABOUT CREDIT AS IN LOANS ECT
[millionday] INTERNATIONAL OF
COURSE BRB WITH MORE
Comments may be made at the end
of
Part 2 Thank
You
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