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Monday, July 6, 2015

Millionday Roundtable 7-6-15 Part 2 of 2

Millionday Roundtable 7/6/15  Part 2 of 2

Welcome to dinarupdates.com for Roundtable with Millionday!!

Millionday: NOTE -- THE ENVIRONMENT FOR ECONOMIC DEVELOPMENT REQUIRES THE INVESTMENT --SERIOUS ACTION BY THE PUBLIC SECTOR AND PRIVATE AS STATED HERE---- 

IT IS THE ATTRACTION -- GREAT INVESTMENT LAWS AND GAIN POTENTIAL

Millionday: NOTE -- THE HUGE HOUSING BEING BUILT HAS BEEN REPORTED TO BE DONE IN MONTHS -- THOUSANDS OF NEW HOUSING UNITS
~~~
Millionday: He pointed out that the development of the banking system in Iraq is extremely important as it is difficult development for banking services to interdependent closely separation,

 pointing out that banking services have a role active in establishing an attractive and conducive environment for investors at home and abroad.

He noted that the banking sector could play a substantial role in terms of finding financing and investment in various economic sectors, and the consequent expansion of the market and its effects on both ends of the banking equation along with the savings and investment,

and make moving from the area of finance Investment sponsor the development and modernization of the productive sectors of the whole to create new dynamics of overall economic construction.

Millionday: NOTE -- INVESTING IN IRAQ AND ITS BANKING DEVELOPMENT FROM WHERE IT IS NOW IS OBVIOUSLY HUGE FOR INVESTORS -- THE NEW MARKET --HUGE ---

IT IS A HUGE ATTRACTION AS STATED HERE --- NO WHERE TO GO BUT UP IN OTHER WORDS

Millionday: Hndas between that foreign invested companies are facing the absence of discreet banks that facilitate the operations required by the movement of cash by simplifying lending,

financing and conversion insurance, stressing that the investment company is considering the work environment and accurate particularly the subject of banking and insurance performance and they are in Iraq require a real review all Mphasalhma.

Millionday: The Hndas had stressed in an interview earlier to expand the network of banking with international banks which are global confidence in the international banking sector cooperation,

 pointing out that the banking cooperation mechanism requires moving away from dealing with the banks that fall within the banking group in the black list Alakulaimah.wachar states that most international companies have legal departments studying the mechanisms of banks Wayne location of money laundering and fraud, which requires the development of the banking sector and adoption of sophisticated mechanisms of action away from all these mistakes.

Millionday: SO AS WE SEE -- ALSO THE BANKING EXPANDING INTO INTERNATIONAL BANKING ADDS GLOBAL CONFIDENCE AND IT ADDS CONFIDENCE BOTH FOR THE INVESTOR AND THE IRAQIS -- IT MAKES A CLEAR ROAD FOR DEVELOPMENT

snowhite: Do you know if they ever passed the investment law?

Millionday: THEY STATE THAT IT IS IN PARLIAMENT AND THEN WE HAVE REPORTS ABOUT HOW EXCITING THE LAW IS AND THE COMMITTEE COMMENTS ON ITS COMPLETION SO IT IS NOT CLEAR TO ME AT THIS POINT --

Millionday: THEY HAVE STATED HOW GREAT IT IS AND HOW THEY NEED TO HAVE IT OFF THE SHELF SO TO SPEAK ---

Millionday: MY OPINION IS -- IT IS DONE AND NOT PRINTED

Millionday: HERE WE GO

Millionday: THIS IS HUGE HUGE --

Millionday: Islamic banks and called on experts in the financial sector, on Monday, to the need for legislation Islamic banking law, especially after it has achieved great success funded many investment projects within the country.

Said managing director of the Islamic Bank country Iyad al-Bayati, for "tomorrow Press," that "Islamic banks and since the early stages of its work in Iraq after 2004 began to keep pace with the developments witnessed by the world in this field,"

noting that "Islamic banks in Iraq has been able to raise capital their money into possible that the commercial banks not only in Iraq, but even in the countries in the region compete "levels.

Millionday: NOTE -- THE CALL FOR ISLAMIC BANKING AND LAWS -- IRAQ HAS RAISED CAPITAL FOR COMMERCIAL BANKING --- WHOOOPOW

Millionday: He said al-Bayati said "the work of Islamic banks can not be promoted unless there is no facility from the Central Bank of Iraq, as well as a law that regulates rely on it,"

pointing out that "the success of Islamic banks lies in the assets supporting the balances work."

For his part, he noted expert in banking affairs supporter compassionate for "tomorrow Press," that "there is the expansion of banking Islamic in the world and regional area and are striking,

 especially as more than 600 bank worldwide branches scattered in most of the cities with assets of more than ( 3) check trillion annual growth rate exceeding 30 percent of the market share of the banking business.

Millionday: NOTE -- CBI NEEDS TO MOVE FORWARD WITH BUDGET MONEY AS WELL --- ALL BANKING HAS TO WORK TOGETHER AT THIS POINT

Millionday: NOTE -- LOOK HOW HUGE THE ISLAMIC BANKING IS -- SMILE

Millionday: He explained that the compassionate "Islamic finance operations have become the focus of attention of many peoples of the world," stressing that "the Central Bank of Iraq and the House of Representatives seeking to enact a law regulating Islamic banking work and makes it a real partner in the Iraqi banking sector."

The banking system in Iraq is made up of 54 banks, as well as the Central Bank and distributed by property between (7) state banks and 23 commercial banks, including special (9) Islamic banks in addition to the 15 branches of foreign banks.

Millionday: I WOULD WANT TO BE A PARTNER TOO IF I WERE IRAQ --- GREAT TO SEE THEM WORKING TOWARD BANKING DEVELOPMENT WITH THE ISLAMIC BANKS --

Millionday: CBI NEEDS TO MOVE

bluedog: Have you seen anything on constitutional rulings regarding CBI Auctions? I can't find anything but saw something somewhere.

Millionday: I THINK I SAW SOMETHING ON IT TOO BUT AM NOT SURE WHERE -- I HAVE TO LOOK

Millionday: I DONT KNOW IF YOU ALL HAVE SEEN THIS

Millionday: House of Representatives ended today at its session the first reading of the draft general amnesty law.

A source told the National Iraqi News Agency / NINA / said the council decided to add a paragraph to the agenda of its meeting today, which is to Sworn in, Rassol Sabah Hassan, as an MP for (Ahrar Bloc, to substitute Mohammed al-Darraji, who served as Minister of Industry

Millionday: PARLIAMENT FIRST READING OF AMNESTY YESTERDAY

Millionday: BLUE IS THIS WHAT YOU MEAN ?

Millionday: " The Federal Supreme Court, announced today the unconstitutionality of Article 50 of the Budget Law for 2015, and the judge to "compel the Central Bank identifies sales of hard currency [the dollar] in its daily auction ceiling does not exceed $ 75 million a day."

 It is noteworthy that the central bank opposed this selection being restricted from "financial movement and secure liquidity in the financial market
Millionday: THE FEDERAL SUPREME COURT SET LIMIT TO 75 MILL

clay01: did they find it unconstitutional? Art 50

Millionday: YES

Millionday: HERE WE GO    LAST ONE

Millionday: Center Brief for the Iraqi Media Network (IMN) - a member of the Finance Committee in the House of Representatives Jabbar Abdul Khaliq said, that the Federal Court robbed right Committee and the House of Representatives on amendments to the budget law in accordance with the rules of procedure of the Council.

Millionday: NOTE -- THE FEDERAL COURT ALSO FOUND THAT THEY MAY NOT AMEND THE BUDGET

Millionday: He said Abdul Khaliq's (IMN), that "the Finance Committee today held a deliberative meeting to discuss the Federal Court judge's decision to cancel all the amendments and additions, transfers conducted by the Commission and voted on by the House of Representatives on the federal budget for the project."

Millionday: NOTE -- BUDGET MUST REMAIN

Millionday: Abdul-Khaliq said that "the meeting expressed their surprise and dismay of the Federal Court decision which robbed right Committee and the House of Representatives in the amendments to the budget law in accordance with the rules of procedure of the Iraqi constitution."

He said Abdul Khaliq "The decision of the Federal Court to make the House of Representatives of the Finance Committee in charge of only the ratification of the budget that reaches from the government without making any adjustments they deem appropriate and necessary."

Millionday: NOTE -- THIS IS GREAT --

Millionday: Federal Court decided today, Monday, to approve the appeal made by the Prime Minister Haider al-Abadi and Governor of the Central Bank of Iraq with materials the federal budget,

 which Parliament amended the paragraphs highlighted the abolition of Article 50 of the law which identified the Iraqi Central Bank sales ceiling of hard currency by 75 million law dollar a day.

Millionday: GREAT REPORT

Millionday: WE GOT THAT FROM ONE OF OUR GREAT MEMBERS

Millionday: HAVE A GREAT DAY AND SEE YOU ALL AT NEWSTIME

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