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Wednesday, May 27, 2015

Millionday Wednesday Night News Part 1 of 2

Millionday Newstime May 27, 2015  Part 1 of 2

WELCOME TO MILLIONDAY NEWSTIME 

Millionday: I DON'T SEE A LOT OF NEWS BUT AM BRINGING ALL I HAVE

Millionday: Hussein al-Tamimi Tgb achieve diversity in fiscal revenue to the state treasury goal is running the government and the private sector, which is the task of the Iraqi economy management during the next phase to activate its contribution to the GDP. 

Economic Member Baghdad forum Amer Jeweler pointed out that achieving diversity in the economy requires plans and standards are based on strategies approved, and placed the goal to increase the percentage participation of all economic sectors in the GDP during the years 2014 - 2017 and in particular the productive sectors, 

for example, came in the industrial strategy for 2030 that is an increase the annual rate of growth added value to 10 percent and increase the proportion of the contribution of the manufacturing industry in the composition of GDP to 18 percent that require the identification of work on how much will be in the year 2017.
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Millionday: NOTE -- THE PRIVATE SECTOR WILL CONTRIBUTE TO THE DIVERSITY IN THE GDP--THIS IS THE DISCUSSION OF THE NEXT PHASE WITH THE PRIVATE SECTOR BEING ACTIVATED AND THEIR STRATEGIES

Millionday: He pointed to the importance that Iraq becomes an attractive environment for domestic and foreign investment, noting that this requires the formation of a high-level professional team and powers include government agencies and organizations of civil society and the private sector,

mixed and cooperative sectors linked to the Commission of Economic Affairs to take a look deep and professional auditing and is a courtesy and bold in making recommendations and take effective and efficient measures to reform and change and follow up their implementation.

Millionday: NOTE--THEY ARE CALLING FOR THE REFORMS AND THE STRATEGIES AND A COMMITTEE TO ENSURE REGULATIONS IN PLACE

Millionday: and between Jeweler Speaking at an economic seminar attended by the "morning" the need to form a crisis team in each ministry be minimized for the body of opinion sectoral representatives of organizations of relevant private sector participates.

 It must be the aim of the teams and councils not to drop the hypothesis and invoked the formation team and waiting for the results, but in communion with all stakeholders to make recommendations and decisions constructive and follow up their implementation immediately and here comes the role of the authority of the media.

Millionday: NOTE --EACH MINISTRY WILL HAVE A TEAM TO TRY TO RESOLVE ANY ISSUES THAT COME UP SO PROBLEMS CAN BE RESOLVED

Millionday: The Jeweler: be making strategic plans and effective process of sustainable scalable and modernization committed successive governments to implement the flexibility and creativity with an attempt to leave the fingerprints of each hand and the Foundation and members of the side of quality,

efficiency and speed of implementation and achievement of results visible, otherwise will remain the country ranging in place and about the first box,

we refer here to the overall energy national strategy up to 2030, which was launched in June 2013, and Strategy development of the private industrial and strategic sector, approved by the Cabinet in 2014 and strategies for education, housing, agriculture and others.

Millionday: NOTE --THEY ARE REFERING TO ALL THE STRATEGIES THAT ARE IN PLACE FOR ALL SECTORS -

Millionday: between the importance of the participating experts private sector local in the preparation of the government program to have a commitment to participate in its implementation and in monitoring and evaluating government performance through their representation in all committees and boards related to the economy and services and to find effective and efficient with a coordinating mechanism.

Millionday: NOTE -- THEY ARE ACTIVATING THE GOV PROGRAMS AND ALL THE MONITORING COMMITTEES TO MAKE IT WORK

Millionday: The Jeweler: that Iraq has suffered from the presence of the decisions and the laws have not been implemented for various reasons, so there must be a commitment and obligation of all state institutions to ensure professional and sobriety and methodology of effective work with staff with experience and sound systems far from the red tape prevailing to implement the decisions and plans at the levels of the Council of Ministers, ministries,

and that this device is able to monitor and evaluate and follow up and correct implementation measures or propose amendments and resolutions of those top and not reporting that speak of achievements on paper.

Millionday: NOTE -- EVERYTHING HAS TO BO IMPLEMENTED AT THE SAME TIME IN ORDER FOR IT WORK ---HMMM HAVE HEARD THAT BEFORE LOL

Millionday: launch exports of Iraqi products unconditionally except what his relationship Whatever and facilitate procedures so that they can direct in any export process through (5) days and granting exceptions, exemptions, all while meeting the quality requirements and specifications of food security (according to the jeweler).

He concluded Jeweler his speech by saying to ensure success must identify priorities, based on the dimension of the strategic and economic government and to strategies adopted originally, so that we can determine where to begin and the procedure and how and when to accomplish and the quality and timing of a performance.

Millionday: NOTE -- TTHEY ARE REFERRING TO THE MARKET ECONOMY ACTIVATION AND THE GOV PROGRAMS -- WHOOOPOW

Millionday: He pointed out that setting priorities being under the criteria in order to move away from the diligence and to achieve success and not merely issuing decisions and promises and slogans and lay the foundation stone for projects only, without pointless stories, referring to the The success stories in the sense that leave each ministry and institution and individual distinctive imprint in the implementation and development and the development of Iraq.

Millionday: SO THIS IS THE BEGINNING PLANS SET UP FOR THE NEW IRAQ AND ITS DEVELOPMENT

WHOOOPOW

slh5282: WHEN DO YOU THINK THEY WILL VOTE ON ALL OF THE PENDING LAWS ESPECIALLY THE FED CT LAW AND THE INVESTMENT LAW

Millionday: THEY HAVE STATED TOMORROW AND ALL WITHIN A FEW DAYS

slh5282: WHAT ABOUT THE HCL? THAT AS WELL?

Millionday: THE TRANSLATION OF THEM NOT VOTING IT IN WAS A BAD ONE AND MEANT THEY WERE VOTNG ON THURSDAY THE FED COURT ACT

da58: is tom the last day for parl? cuz the agenda is out - and showing no basket vote at all

Millionday: NO -- IT IS NOT THE LAST DAY BUT THEY DO NOT WANT A BASKET THAT WE HAVE SEEN INK

jtank: all these laws need to go thru-- they always can amend them as they go cant they? thx Md

Millionday: YES ALWAYS WILL BE PROBABLY -- SMILE

Millionday: NOTE -- THE POINT ON THE STRATEGIES IS THE NEED FOR THEM TO BE FLEXIBLE --AS MOST WILL HAVE TO LEARN AS THEY GO OF COURSE

Millionday: D. Falah Jassim Al Ameri

is the insurance sector of important economic activities in support of industrial, agricultural, financial and other sectors through the provision of security for different types of protection against future dangers faced by individuals and their money, financial and economic institutions

, where the insurance to compensate the buyer insurance policy for damages and material losses incurred by them, in addition to the the use of insurance premiums accumulated in the financing of various investment activities, and provides protection for physical assets of the financial implications of natural disasters and legal responsibilities and the risks of human behavior in activities Alantegeh.kadd over the Iraqi insurance sector during the forty years the last large exceptional circumstances affected his performance and development and caused the delay in all respects.

Millionday: NOTE -- INSURANCE -- WHOOOPOW -- TIME FOR REAL COME BACK -- HUGE INDUSTRY FOR THE GDP AS WELL

Millionday: Wars and the blockade and the collapse of the Iraqi economy under the previous regime, led to significant weakness in the activity of insurance and a large reluctance to buy hoods insurance, low premiums and leak large numbers of experts and cadres of insurance,

whether within the country or abroad, coupled with a weak training of staff and low morale and levels and weakness corporate governance Adartha.balrgem and boards of attempts interest in this sector and rehabilitation of the structure and the entry of private sector companies clearly since 2003,

but he did not stand up and develops the required level compared to its level in the seventies of the last century, which is the golden age of the insurance sector of Iraq.

Millionday: NOTE -- THE RETURN TO BACK IN THE 70`S AND HOW IT WAS COMPARED TO THAT LEVEL -- WOW

Millionday: There Vlasal weakness in the culture and awareness of insurance at the level of institutions and citizens do not hesitate when we say that a lot of people do not know even the meaning of the word insurance or have not even heard of it, and still Insurance Activity late and weak and did not get the advancement beyond him to the global level or even regional,

and there the weakness of the role of insurance agents (producers) specialists in mediating for the marketing of insurance policies on the economic institutions and other interests, in addition to the weakness of activity Advisory especially in the valuation of the property and the settlement of losses, poor underwriting by working to re-insurance companies due to fears of certain dangers, such as riots, civil, unrest political violence.

Millionday: NOTE -- WE CAN IMAGINE AFTER ALL THESE YEARS HOW MANY HAVE NOT HEARD OF INSURANCE --

Millionday: It requires an intensive campaign to increase insurance awareness among the citizens and government institutions, given their importance in increasing the protection of citizens and their property as well as increasing premiums and increase the size of the amounts accumulated from premiums’

 and investment in other areas to support the Iraqi economy and the financial sector. And the intensification of vocational training for workers and workers in the insurance sector and to support them and encourage them to develop the desire to insurance and professional abilities,

Millionday: NOTE - THAT WOULD BE THE LAST JOB I WOULD WANT BUT HUGE IN THE RETURN OF IRAQ

Millionday: and take serious steps to attract qualified Iraqi insurance stationed at home and abroad. It must take measures to make a quantum leap in the insurance industry structure and strengthen its role in the reconstruction and building the national economy,

through the recovery of all kinds of forms of insurance for the advancement of stagnation, to be able to respond to cover insurable risks in light of the difficult circumstances in which passes Iraq. The most important actions that can be taken
Millionday: NOTE -- THIS IS HUGE -- NO NEED WITHOUT IRAQ MOVING FORWARD

Millionday: 1. For the scope of laws and regulations there are impediments to the development of insurance business, of which there are some gaps in the Law No. 10 of 2005 which regulates the insurance business, the law allows for foreign companies operating in Iraq to cover the risks in foreign insurance outside Iraq companies and of course this will lead to leakage of premiums abroad

 This has a negative economic impact on state revenues. Also, the foreign insurance companies engaged in insurance without being licensed by the Office of the Iraqi insurance or the Ministry of Economy and Trade in the region, and accounts for a large proportion of the insurance business which led to the weakness of competitive local insurance companies have given the possession of the best in terms of financial solvency and capacity possibilities Technical insurance.

Millionday: NOTE -THEY PLAN TO MAKE THEIR INSURANCE MORE ATTRACTIVE TO INVESTORS SO THEY REAP THE BENEFITS --- SMART

Millionday: 2. It is necessary to do the Court of Iraqi insurance follow-up to strengthen its position in the insurance activities and to address their problems and disadvantages, especially with respect to the instructions and laws pertaining to the insurance sector. 

We believe it is very important to give priority currently in Chi_khas effects resulting from the application of Law No. 10 of 2005, for the purpose of lifting the constraints arising from the legal provisions contained therein.

Millionday: NOTE -- REPORT HUGE -- INSURANCE IS READY FOR IMPLEMENTATION AND THEY WILL WORK WITH HEALTH---HOME--AUTO --ETC TO OFFER THE BEST

Millionday: HUGE PROGRESS AND NEED WITHIN PLANS AND STRATEGIES ETC

Millionday: Approved Committee of the Council of Ministers of Economic Affairs on a series of resolutions that aim to activate the work of private banks through its support by government banks to ensure a smooth and easy banking transactions for citizens and businesses and move the Iraqi economy Ptkhalis of some routine restrictions.

Millionday: NOTE -- BANKING REFORM FOR IRAQI DEVELOPMENT

Millionday: A statement by the Deputy Prime Minister example, has typically Nuri Shaways, responded to Twilight News, that the Committee on Economic Affairs held its fourteenth session on 19/05/2015, headed by Shaways Chairman of the Committee on Economic Affairs ‘

and the membership of the Ministers of Finance, oil, planning, commerce, agriculture and the Governor of the Central Bank of Iraq and the President National Commission for Investment Advisor to the Prime Minister for Economic Affairs and director of the Legal Department of the Office of the Prime Minister.

Millionday: NOTE --WHOOPOW

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


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