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Wednesday, June 24, 2015

Millionday News 6-24-15 Part 2 of 2

Millionday newstime june 24, 2015  Part 2 of 2

WELCOME TO DINARUPDATES.COM MILLIONDAY NEWSTIME FOR WEDNESDAY JUNE 24TH

diagyAAAE: "There are no problems facing the approval of the law". Awesome!..... "Rep. Nora Albjara had revealed earlier in the L / scales News / amended investment law that requires the involvement of 75% of the Iraqi labor in projects" IMO this means work for Iraqi Citizens

diagyAAAE: what do you think?

Millionday: THIS HAS TO DO WITH IRAQ`S DEVELOPMENT IN CONTRACTS AND YES HUGE FOR THE CITIZENS FINALLY -- GOOD POINT HUN
~~~
Loop: So are they saying that it will only take 15 days for a company to start doing business in Iraq? Once the law is passed?

Millionday: I'M NOT SURE IF THAT MEANS IT WILL BE DONE BY LAW OR READY TO START ETC -- I CANT GUESS SO WE WILL BE WATCHING TO SEE WHAT HAPPENS --

Loop: Either way it is huge news!! Thanks

Millionday: I AGREE -- HUGE NEWS -- YW ALL THE TIME -- SMILE

Millionday: Center Brief for the Iraqi Media Network (IMN) - Economic Adviser to the Prime Minister said the appearance of Mohammed Saleh said that the cabinet's approval on the proposal on Iraq's accession to the Asian Bank for investment is very important for the collection of loans and the implementation of important projects and the development of infrastructure in Iraq.

Millionday: NOTE -- AS WE KNOW THIS IS HUGE BUT THIS IN MUCH MORE IN DETAIL

Millionday: Saleh added for (IMN) that "Iraq is in dire need for such a decisions and projects, especially since all Asian countries and the European Union are included within this bank," noting that "this important field of the country's private and we need infrastructure."

 He explained that "Iraq's accession to the Asian Bank for Investment and important in the interest of the country so as to collect the loans and the implementation of important projects",

stressing that "a positive decision leads to an increase in the role of international cooperation in Iraq & Investment".

Millionday: NOTE -- I HAVE TO SAY - I LOVE THAT LAST PART -- SMILE

Millionday: The benefit of "will encourage Japanese and Korean companies and countries with new emerging and industrial markets in Asia, which has a role in supporting Iraq and sustenance and interaction with the investment and economic environment," pointing to "the urgent need for investments, and Asia is the closest investment partner of Iraq."

Millionday: NOTE -- THIS IS A VERY ENCOURAGING MOVE ON IRAQ`S PART AND THE DEVELOPMENT BANK ETC

Millionday: He added that "Iraq's accession to the ADB to invest opens prospects for cooperation of the rise of Asia, which will soon be half of the total production in the world,"

noting that it "will encourage Alajnabh companies to contribute to the investment, as well as gives a positive signal for the support of the international investment community in Iraq."

Millionday: NOTE -- OBVIOUSLY -- IRAQ`S ECONOMY IS EXPECTED TO MOVE FORWARD WITH REFORM

Millionday: HUGE REGULATION THAT IS IN PLACE >>>He called on the appearance of Mohammed Saleh earlier, to enact a law to limit the transfer of funds out of the country, pointing out that Iraq faces the problem of transferring funds abroad.

Millionday: SMILE -- WHOOOPOW

larrykn: they talk about companies coming in for investment and getting loans an all but my question is can they do any of this without a rate change?

Millionday: THEY CAN DO THIS WHEN THE IRAQI LAW ALLOWS IT WITHIN THE INVESTMENT LAW -- THE RATE WOULD BE A CHOICE ON BOTH SIDES --

subgirl: do the smart cards have to be international for them to work and Does the RV have to wait on the Smart cards?

Millionday: THE SMART CARDS ARE REPORTED TO BE GLOBAL AND THROUGH MASTERCARD –

HOW THEY WILL DO THIS TOOK MANY MORE EXPERTS THAN WE HAVE SO I WILL KEEP EYE OPEN ON INK FOR US AND WONT GUESS AS SOME CHOOSE TO DO -- SMILE

subgirl: thank you

Millionday: YW ALL THE TIME -- I WILL DO SOME RESEARCH ON IT HUN -- SMILE

subgirl: are they loaded???

Millionday: NOT THAT I AM AWARE OF -- THEY REPORTED BUILDINGS THAT ARE SPREAD OUT AROUND IRAQ TO ALLOW PEOPLE TO PICK THEM UP BUT HAVE NOT SEEN ACTIVATED AND USABLE IN ANY REPORT EXCEPT MILITARY A LONG TIME AGO --

Millionday: Iraqi Parliament Speaker Salim al-Jubouri to "respect and document the political agreement, and the project of national reconciliation." Jubouri said in a press conference attended by the correspondent and Euphrates News Agency {}

"The activation of the national reconciliation project stems from the respect of the political blocs, and the document of the political agreement, which announced before the formation of the Iraqi government." He added that "one of the key legislation that the government will be completed oil and gas law"

Millionday: THE NATIONAL RECONCILIATION HAS BEEN ANNOUNCED AND I WILL SHOW YOU WHY

'NOTE -- NOW KNOW THIS IS ANOTHER PRESS RELEASE

Millionday: >>>>>> Speaker, Saleem al-Jobouri, said in a press conference on Tuesday morning "The three Presidencies agreed upon holding a special meeting on the National Reconciliation to regain trust among the national political sides to face the current great challenges.

Millionday: ALL THREE -- WHOOPOW

Millionday: Iraqi Central Bank announced on Tuesday the launch of loan amounts for medium and small projects by the private Iraqi banks early next month of July, and pointed out that the loan amounts will reach up to 50 million dinars, as he emphasized that banks benefit will not exceed 5.5%.

The governor of the Central Bank on the Keywords in an interview to the (long-Presse), "The central bank's decision to allocate trillion dinars to the private banks and directed to establish medium and small projects will begin early next month (July),"

noting that the goal of these projects is to achieve economic development and social and support small and medium-sized economic projects and run with outstanding skills the workforce.
Millionday: NOTE -- THE PRIVATE SECTOR/BUSINESS LOANS ARE TO BEGIN EARLY JULY

Millionday: NOTE -- ANNOUNCED ONCE AGAIN TO THE IRAQI CITIZENS

Millionday: Keywords and added that "the amounts to be allocated to projects in target sectors (industrial, agricultural, housing, commercial, educational, health, tourism)," pointing out that "all Iraqi private banks covered by this decision for those who wish to work out."

 Keywords and pointed out that "banks will lend to citizens who wish to obtain a loan for the project and when given him the that the bank introduced the statements monthly amounts lent to allow the central bank by providing those amounts according to the benefits is subject to her parties mechanisms (central bank and private banks)."

Millionday: NOTE -- THIS IS CALLED TRANSPARENCY AND INTERNATIONAL COMPLIANCE

Millionday: AND --

Millionday: WHOOPOW -- PROGRESS

Millionday: Keywords and stressed that "citizens can in any province in Iraq borrow sums amounting to 50 million dinars and that the recovery period not exceeding three years, either for the benefit of the bank decided that the interest rate borne by the borrower on the 5.5% rate of not more than."

 For his part, President of the Association of private banks and depositary Handal said in an interview to the (long-Presse), said that "those loans constitute a great service to the country's economy because they will absorb a large part of unemployment as well as they would move local Iraqi productive sectors not to mention the support of the Iraqi market."

Millionday: NOTE -- NOTE A BAD INTEREST RATE BUT -- WOW THAT IS A LOW LOAN CAP -- HOWEVER -- PROGRESS -- WE LIKE IT

Millionday: READ EVERY WORD >>>>>

Millionday: Handal said that "the Bank's initiative will enhance confidence between the citizen and the private banks and bridges make it there for a long continuous confidence and work among the branches of the banks and their clients from the citizens."

 The Central Bank of Iraq, announced on Tuesday (June 19, 2015), the launch trillion dinars for private banks to finance small and medium enterprises loans, and increase the share of dollar sales for banking companies and foreign transfers, pointed out the development of measures to to address the lack of liquidity in some banks.

Millionday: SO WHAT WE HAVE HERE IS THE LOOKS OF ECONOMIC/BANKING REFORM -- TO ADD SOME CONFIDENCE AND GET THEIR MARKET ROLLING -- HUGE

Millionday: THIS SITE IS LOADED WITH NEWS

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Millionday: CHECK FORUM -- AND ALL AROUND -- OUR GOAL IS ACTUAL NEWS -- NO ROLLER COASTER --

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