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Tuesday, May 26, 2015

Millionday Tuesday Night News Part 1 of 2

Millionday News 5/26/15  Part 1 of 2

Welcome to dinarupdates.com for News Time with Millionday!!

Millionday: Central Bank Governor Dr. Ali Keywords that a large trend adopted by the Iraqi Central Bank to support and stimulate Islamic banking activities of the country because of the successes achieved by the Islamic banks in the pan over the world. 

Keywords and said in answering a question (morning ) on the assessment of the level of performance of these local banks, mostly private: that the central bank totally uninterested and facilitates the establishment of a process and the spread of this type of banking, which affect high acceptability of the conservative and unwilling audience to deal with riba-based banks or commercial.

Millionday: NOTE-- CBI IS SUPPORTING ISLAMIC BANKING IN IRAQ ANG GLOBALLY -- SMILE
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Millionday: The central and at the request of this vast amount of added who are interested in dealing with this type of banking seeks to follow the Islamic banking law that was ratified by the Council of Ministers and is now on the Parliament table in order to read it

and passed calling for the importance of expediting this to be able to catch up with the Islamic banking in the world and the evolution of their products, which called for most European universal banks and other to quote many parts of the steps.

Millionday: NOTE THE ISLAMIC BANKING LAWS AND HOW THEY WILL BE USED IS IN PARL FOR VOTE -- THEY HAVE CALLED THEM TO HURRY --EXPEDITE

Millionday: He said that this success invites us and motivates us to support the establishment and expansion of such banks, pointing to the government to establish an Islamic state bank which {Islamic Bank Mesopotamia} along with more than 31 banks a special institution in Iraq working commercial banks laws But it differs in pursuing Islamic measures were consolidated and collected in the anticipated law enacted.

He Keywords that Islamic banking market promising and digital indicators reflect the successes achieved even at the local level are important indicators must make use of them.

Millionday: NOTE THEY ARE EXCITED DUE TO THEIR GLOBAL SUCCESS -- THE STEPS ARE PLANNED TO BE WELL UNDERSTOOD

Millionday: And the reality of Islamic Sukuk Chairman Association of Banks said Islamic in Iraq Dr. Sadeq al-Shammari: The idea came to solve the problem in front of Islamic banks in order to enter in investing in these instruments (title deeds) which bear the losses and profits instead of traditional debt securities bonds and Treasury money market funds and others.

Millionday: NOTE --NEW INVESTMENT IS BEING INCLUDED SO TITLE DEEDS ARE A TRUE MARKET TOOL

Millionday: He said Shammari it needs constant species income liquid and easy trading within their balance sheets and for the regulators as instruments investment tool as it provides a real opportunity

and represents investors fundamental and vital and essential alternative to debt securities, pointing out that these instruments will be an attractive alternative for companies that need money with reluctance many who want to capital their investments would be acceptable legally

and those who stayed away from investing in debt securities and debt, to the quality of interest and trading in debt and we mean selling religion to religion.

Millionday: NOTE -- THESE NEW INVESTMENTS HELP COMPANIES WITH LIQUIDITY AS THEY BEGIN

Millionday: and between Shammari said the terms of these instruments provide owned assets to those constituent be able to generate income on a regular and ongoing basis,

also should have the assets to be Tskeckha attractive for the investor and this requires the presence of creditworthy in assets Kantzam repayment guarantees in kind.

The Regional Director of the Abu Dhabi Islamic Bank Mona Fahmy Yassin indicated that Islamic banking has evolved significantly over the past ten years and formed a powerful tool to invest where funded large investment projects.

Millionday: NOTE -- IN THE PAST TEN YEARS HAVE ALLOWED FUNDING TO BE AVAILABLE -- NICE -- THIS ADDS AVAILABILITY OF FUNDS

Millionday: She stressed the importance issuing banking law Islamic, which regulates the work of Islamic banks in Iraq, especially as the Central Bank of Iraq recognizes the importance of Islamic banking and became interested by the Islamic instruments and understands its role in the economic development sought by Iraq.

She drew Yassin to that the reality of the Islamic banks in Iraq in the growth phase and needs to be developed All joints and multiple banking products and be able to compete with Islamic banks in the region, pointing to the importance that there be financial market between banks.

Millionday: NOTE -- THE ISLAMIC BANKING LAWS WILL ADD COMPETION IN BANKING --

Millionday: She noted that the Islamic banks in constant evolution in most regions of the world, and that Iraq and promising market for Islamic banking to the presence of a lot of citizens who wish to deal with Islamic banks.

Millionday: SO WE KNOW AS THEY MENTION THAT REVENUES SHOULD BE HUGE -- LOVE IT

sudo1114: hi md. hope your feeling better. what is your opinion on the rise of the us$ and how will this affect the rv. positively or negatively??? thanks

Millionday: THIS IMPACTS HOW MUCH THE US DOLLAR WILL BUY AND LOWER SLIGHTLY ALL EXCHANGES -- THANK YOU HUN

Millionday: IT WONT IMPACT EITHER WAY

Millionday: confirmed Parliament Speaker Salim al-Jubouri that the process of drafting the constitution took place in exceptional circumstances resulting in the lot of the problems constitution,

and while pointing out that the public interest requires from all parties to make concessions to pass stalled legislation to contribute to the stability of the country, called for respect for the signed agreements between political blocs and compatibility around.

Millionday: NOTE -- THE AGREEMENTS AND LAWS ARE BEING CALLED FOR PASSING BY CITIZENS --NATIONAL COMPLIANCE

Millionday: According to data media to his office, that al-Jubouri, "visited the Defence University for Military Studies and met with the university president Lt. Gen. Abbas Mohammed panic."

House Speaker delivered, during the visit, "a lecture at a university faculties which he addressed the reality of the political process after 2003 and the most prominent problems, which was broken,

"stressing that" the process of drafting the constitution took place in exceptional circumstances resulting in the lot of the problems the Constitution, caused the find significant differences between the political blocs have continued and worsened to then become crises difficult to resolve. "

Millionday: NOTE -- THE CONSTITUTION HAS BROUGHT ON SOME SERIOUS PROBLEMS -- WHICH NEED TO BE RESOLVED BUT THEY ARE WITH AGREEMENTS

Millionday: NOTE ACCORDING TO THIS THEY ARE WORKING ON THIS --- THE DATA SYSTEM TAKES A LOT TRAINING

Millionday: He Jubouri that "the political process in Iraq were not as to which we aspire, has seen international intervention and regionally is positive, helped to deepen the dispute and breadth of Hute, and growing of terrorist organizations and outlaw. "

while Search Speaker of the House, during a meeting with a number of heads of parliamentary blocs, ways to speed up the approval of the Federal Court Rules and political parties and the National Guard.

He said al-Jubouri, according to a media office, "the need to reach all sides of the solutions of compromise on the adoption of those laws," pointing out that "the public interest requires everyone to make concessions to be passed in order to contribute to the stability of the country."

Millionday: NOTE - WITH THE LAWS PUT IN PLACE THE WHOLE GOV,CITIZENS ETC

Millionday: He said efforts are continuing in order to reach a common vision contribute to pass the laws before the current legislative term ends.

Within the endeavor himself, al-Jubouri discussed with the parliamentary bloc, the delegation of the Patriotic Union of Kurdistan coordination of positions between the parliamentary blocs would contribute to speeding up the resolution of important legislation in the next few days.

The head of the legislature, according to a statement Media to his office, "the need to respect the agreements signed between the political blocs and compatibility agreements around,

especially to speed up adopting the contents of the document and the agreement under which the current government was formed, and thus enhancing the march of the political process in the light of the current challenges."

Millionday: SO THERE WE SEE IT AGAIN -- SPEED UP -- LOVE IT

Millionday: He said efforts are continuing in order to reach a common vision contribute to pass the laws before the current legislative term ends.

Within the endeavor himself, al-Jubouri discussed with the parliamentary bloc, the delegation of the Patriotic Union of Kurdistan coordination of positions between the parliamentary blocs would contribute to speeding up the resolution of important legislation in the next few days.

The head of the legislature, according to a statement Media to his office, "the need to respect the agreements signed between the political blocs and compatibility agreements around,

especially to speed up adopting the contents of the document and the agreement under which the current government was formed, and thus enhancing the march of the political process in the light of the current challenges."

Millionday: NOTE -- ONCE AGAIN THE NEXT FEW DAYS LAWS ARE BEING PASSED -- LOVE THE NEWS LATELY -- SMILE

Millionday: NOTE -- THEY WANT TO PROTECT THE AGREEMENTS -- THAT IS GREAT NEWSSSSSSSS

Millionday: the House of Representatives held its regular day of the vote and the reading of a number of draft laws.

A reporter for the agency all of Iraq [where] that "the meeting was held under the chairmanship of Salim al-President of the Council and in the presence of 218 deputies."

It includes agenda of the meeting, according to the constitutional oath to the ministers of Industry and Minerals and Water Resources, and the vote on the draft of the Iraqi Media Network Act, read Committee of Awqaf and Religious Affairs report about the work of the Committee. "

It also includes "the first reading of the draft public holidays Act, and the second reading of the draft Fifth Amendment to the Law on Public Enterprises No. 22 Law for the year 1997, and the second reading of the draft treaties contract law."

The prime minister Haider al-Abadi had before last week's resignation of the ministers of Industry and Minerals Naseer al-Issawi, water resources Mohsen al-Shammari [align themselves to the Sadr
Millionday: NOTE -- WE HAVE BEEN TOLD AT LEAST 20 NEW LAWS WILL BE VOTED IN THE NEXT FEW DAYS

Millionday: NOTE -- THEY SURE ARE PASSING A LOT

Millionday: The senior source revealed to [where] that "the leading candidate for the post of Minister of Industry and Chairman of the Liberal bloc in Parliament [Mohammed al-Darraji] [a minister Construction and Housing in the previous government with the nomination of [Mohammed Alamchaoui] deputy governor of Babylon to the post of Minister of Water Resources. " 

It is said that the Committee on Information and Culture Parliamentary announced last Saturday delivered a draft of the Iraqi Media Network, the law consists of 29 articles to the Presidency of the Council of Representatives for inclusion of the vote on the agenda sessions. 

The Chairperson of the Committee for Maysoon al [where] "in the past have focused our efforts on the draft law of the Iraqi Media Network, and we introduced the bill to the Presidency of the Council of Representatives formally after making amendments to it" likely "to vote on the law this week," .anthy

Millionday: SO -- AS WE SEE AGAIN -- EXPECTING THIS WEEK (WITHIN DAYS) SMILE

Pablo: Does that include HCL?

Millionday: THEY HAVE INCLUDED IT IN REPORTS BUT I SAY YES BY WHAT I HAVE SEEN

Bax: So what happened to the big 3 we are supposedly waiting on? especially the Investment Law? Natl Guard?

Millionday: I AM LOOKING BAX -- BRB

Comments may be made at the end of Part 2  Thank You


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