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Saturday, September 26, 2015

Millionday News  9/26/15

​Millionday News 9/26/15

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

Millionday: The Ministry of Labour and Social Affairs on Saturday for the completion of the national plan for the operational strategy to be adopted in coordination with the public and private sectors, in the process of developing plans to reduce child labor.

Millionday: NOTE -- ALONG WITH THE IMPLEMENTING OF LABOR LAWS REMOVING CHILD LABOR -- THEY HAVE COMPLETED THE PLANS TO ADOPT THE PRIVATE SECTOR AND COORDINATION WITH THE PUBLIC SECTOR AS WELL

Millionday: A spokesman for the Ministry of Labour Ammar Menem in a statement responded to Twilight News, that the goal of the development of this strategy is to support the Ministry's capabilities and social partners including work on the provision of employment services across the country and thus improve staff efficiency by adopting operating services such as programs and activities.
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Millionday: WHOOPOW -- READ EVERY WORD>>>He added that the strategic objectives also include, support the ministry for the creation of jobs included programs of micro-credit programs, as well as improve the performance of the labor market and organize the work of employment offices civil and private and supervising the work according to the controls, and the organization and modernization of labor market information, as well as building national observatories to monitor the labor market variables and an electronic system of Labor Statistics.

Millionday: NOTE -- THE PLAN INCLUDES WHAT WE LEARNED ABOUT YESTERDAY WITH THE IMPLEMENTATION OF THE LABOR DEPARTMENT --EMPLOYMENT ETC -- HUGE ADDITION TO E-GOVERNMENT SYSTEM

Millionday: The Iraqi government complained that 40 billion states go to the operating budget annually and given the salaries of government employees in the sagging clear and noticeable in the state and its institutions that specialize full throttle circles to the collapse of the private sector in the country after 2003.

Millionday: SO AS WE CAN UNDERSTAND -- THE ENTIRE DATA SYSTEM IS GOING TO BE CHANGED FROM THE COLLAPSE/SANCTIONS ETC FROM 2003 --

Millionday: WHOOPOW

Millionday: WOW THINK ABOUT WHERE THEY WERE AND WHERE THEY ARE NOW -- PRAISE GOD

Millionday: Detection of the House of Representatives deputy rapporteur on the mass of the citizen Niazi architecture Ihsanoglu, Thursday, for the preparation of more than a dozen laws; for a vote after the Eid al-Adha.

Ihsanoglu said in a statement I followed (and the Iraqi News Agency Information / INA) that "after the festival there will be rounded in views regarding the laws that have been stalled in the House legislation for many years; the lack of political consensus on the paragraphs."

Millionday: He noted the presence of a lot of pressure by the Iraqi street, and some politicians who are working on the legislation of laws away from the same quotas that have delayed the adoption of those laws.

He stressed that there are more than 10 important laws will be voted on after the festival, including the Federal Court Act, the civil service, unified and retirement. "

Millionday: SO AS WE SEE -- THE LAWS THAT ARE OF GREAT GREAT IMPORTANCE ARE BEING VOTED THROUGH ALL AT ONCE AFTER THE FEAST

Millionday: NOW LETS DISCUSS THAT >>>>>>>>>>>>>>>>>>>>>>

Millionday: TODAY IS THE LAST DAY OF EID ---- IRAQIS ARE MOSTLY ALL ASLEEP BECAUSE

Millionday: TOMORROW IS THE FEAST -- NOW THE REASON WE FIND THIS SO EXCITING OR REASONS I SHOULD SAY ARE ::::::::::::::

Millionday: ALL THE YEARS I HAVE BEEN RESEARCHING -- I REMEMBER WORK BY GOVERNMENT DIRECTLY AFTER THE EID FEAST --- SO :::::::::::::::::

Millionday: TOMORROW THEY HAVE STATED IN INK THAT THEY WILL VOTE MINUTES AFTER THE FEAST ON THE INVESTMENT LAW AND MANY MORE LAWS AS WELL -- SO ACCORDING TO REPORTS:::::::::::::::::

Millionday: WE HAVE LEARNED THIS INCLUDES AT LEAST --- NATIONAL GUARD, INVESTMENT, FEDERAL COURT ACT, THE CIVIL SERVICE, RETIREMENT, AND THE NATIONAL RECONCILIATION LAW THAT IS NEEDED FOR THE PROJECT IN A VERY SHORT PERIOD AS WELL

Pablo: Will that include voting on terminating the VP positions?

Millionday: THE ENTIRE LAW PACKAGE WAS NOT RELEASED SO I DO NOT KNOW FOR CERTAIN

Pablo: You'd think they'd want to get rid of M as fast as possible.

Pinklady Millionday: UNBELIEVABLE! I am losing my controlled excitement !!!!!!

Millionday: I AGREE -- THIS IS HUGE AND WITHIN A DAY BY WHAT I HAVE SEEN -- PRAYING FOR NO HOLDUPS

Millionday: PABLO -- I THINK HE IS A VERY SMALL THORN WITH SUCH HUGE PROGRESS

Millionday: There are currently 11 Islamic banks operating in Iraq. According to the World Bank statement from 2010, "the Islamic banking activities in Iraq started in 1993, where the Iraqi Islamic Bank for Investment and Development was established as the first Iraqi Islamic bank. Islamic banks now have 83 branches and 1504 employees, with the ratio of branches and employees of the Islamic banks to that of all private banks being broadly similar at 19 percent and 17 percent.

Millionday: NOTE -- THEY ARE OPERATING IN IRAQ

Millionday: The Islamic banks in Iraq offer the following products: Murabaha (Profit-sharing); Musharakah (joint ventures); Mudarabah (Financing); Ijara (Renting); Istisnaa (Industrial - Financing); and Assets and Liquidity Management. In general, financing is of longer term than that of other private commercial banks. Most financial ratios and earnings performance are broadly similar to those of other private commercial banks.

Millionday: NOTE -- CORPORATE FINANCE

Millionday: However, in general Islamic banks rely more on capital and reserves as a funding source than do other private banks (and much more so than the State owned banks). CAMEL ratings are only listed for seven of the nine Islamic banks. For six of these, CAMEL ratings are better than the average for private banks as a whole.

One Islamic bank is facing difficulties, and the CBI is exploring whether a buyer can be found. The Islamic banks face some challenges in working without specific Islamic banking law and regulations except the internal instructions that were issued in 2006. Also, there is a shortage of qualified people who understand Islamic banking practices not only in the banks but also in the CBI."

Millionday: SO THIS MUST BE A HUGE PROBLEM AS CAN BE IMAGINED WITH ISLAMIC BANKING LAW BEING USED SO MUCH IN IRAQ

Millionday: IT IS COMPARABLE TO BASEL II

cjquade54: which bank is opening on Oct 1st again please?
Millionday: >>>The Director General of the Islamic Bank of Mesopotamia Abdul Hussein Mundiri issued a press statement that Iraqi Finance Ministry has planned to open the first Governmental Islamic bank in the first week of next month in Iraq. - See more at: http://ift.tt/1QG9TLL

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Millionday: THE THING IS -- THIS IS THE FIRST GOVERNMENT OWNED ISLAMIC BANK  
cjquade54: is this the one you reported on yesterday?

Millionday: IT SHOULD OPEN WITHIN DAYS OF THE FIRST AND WILL BE LOANING FUNDS TO THE PRIVATE SECTOR BUSINESSES TO ESTABLISH --ETC

Millionday: YES THIS IS THE BANK THEY ANNOUNCED YESTERDAY

Millionday: I HAVE TO SAY IT SURE DOES FEEL GOOD TO SAY :::::::::::::TOMORROW IS THE FEAST -- WHOOPOW

Millionday: OCTOBER 1ST IS THE US OF A`S FISCAL CALENDER FIRST DAY (JUST A LITTLE TID-BIT)

quade54: if they are to vote on laws minutes after their feast ... what time might that be for us?

Millionday: WE SHOULD KNOW TOMORROW NIGHT

Millionday: IN FACT

Millionday: WE WILL SEE YOU TOMORROW NIGHT AT 730 EST

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