Millionday Friday Night News 12-18-15

Millionday News 12/18/15
Welcome to dinarupdates.com for News Time with Millionday!!
 
Millionday: WELCOME TO NEWSTIME
 
Millionday: Stressed the economic and investment commission member of the parliamentary Almamori proof, on the necessity of activating the law of customs tariff, and reducing the waste of hard currency through import.
 
Said Mamouri, said in a statement the agency of our economy news received a copy of "falling world oil prices, the detection of the wrong policies that were followed by previous governments to rely on the export of oil to support the general budget, and not to use the surplus funds in the formation of a production base, whether industrial or agricultural ".
 
Millionday: NOTE -- IT IS TIME TO ACTIVATE THE TARIFF AND CUSTOMS FOR IMPORTS WITH THE MARKET ECONOMY -- THIS IS FOR PRODUCTS AS THEY MENTIONED -- RELIANCE ENTIRELY ON OIL WILL NOT CONTINUE
 ~~~

Millionday: He added that" the decline in oil prices led to a large deficit in the financing of the general budget, whether operating the mother of the investment, that causes us to immediately start finding alternatives and relying on Iraqi products service of goods,
 
as well as Iraqi factories of cement, iron, steel and reduce import by activating laws customs tariff and the protection of the local product, which reduces the waste in hard currency, which drains in the importation of products manufactured locally.
 
"He noted the parliamentary economics member to" The committee worked through a whole year and great effort and was able to achieve the rate of investment, which included significant concessions to activate this important sector and this law privileges included industrial and agricultural sector and the production of consumer goods.
 
Millionday: NOTE -- THEY ARE ALSO READY TO ACTIVATE CONSUMER PROTECTION AND ACHIEVE THEIR PLANNED RATE OF INVESTMENT -- WHOOOPOW
 
Millionday: "He called Almamori government to" Send a private investment law in refining crude oil for adoption Iraq is lost annually billions of dollars in import of oil derivatives, taking into consideration that the establishment of oil refineries to achieve significant revenue for the state as well to stop the import of oil derivatives.
 
"He called on the government to" reconsider its oil licensing rounds and that the bulk of the benefits of the oil customs go to manufacturers because of the high cost of a barrel produced by these companies with low oil prices, which makes the interest derived from the oil sector slim too, so you must reconsider these contracts in order to achieve the benefit of the Iraqi state. "
 
Millionday: SO DUE TO THE LACK OF ADVANCEMENT IN REFINERIES IN THE REGION ETC -- IRAQ HAS A NEW MARKET IN THIS FIELD AS WELL BECAUSE THEY HAVE THE MOST ADVANCED
 
BECAUSE OF THE NEW TECHNOLOGY NOT PRESENT IN THE OLD REFINERIES AND ALSO THE ADDED PRODUCTS THEY HAVE ESTABLISHED FROM THEIR OIL PRODUCTION
 
Millionday: THIS IS GREAT SO THE TARIFF IS BEING ACTIVATED AS WE EXPECTED -- WHOOOOPOW
 
maine: no sense of when?
 
Millionday: THEY CALLED FOR IT TO BE ACTIVATED TODAY THAT IS ALL I KNOW HUN
 
Bax: They certainly cant activate the Tariffs without a rate can they?? Could they use the 1182??
 
Millionday: BAX THE THING IS THIS
 
Millionday: THEY WILL BE USING THE TARIFF FOR THE INTERNATIONAL MARKET -- IT IS THE TAXATION THEY BENEFIT FROM WHEN ESTABLISHING THE IMPORT/EXPORT MARKET
 
Millionday: THE CALCULATED RATES AND VALUE IS NEEDED TO GO TO THE GLOBAL MARKET PER ECONOMICS AND FAIR TRADE IMO
 
katkat: 90 percent is imported and without a higher rate for greater buying power, wouldnt it be a hardship to implement tariffs without a rate increase?
 
Millionday: KURDISTAN IMPORTS CLOSE TO 90% OF THEIR FOOD I BELIEVE IS THAT WHAT YOU ARE REFERRING TO?
 
katkat: all of iraq. They make almost nothing
 
Millionday: A REAL VALUE ACHEIVED THROUGH THE INTERNATIONAL EQUATION
 
Millionday: WOULD BE THE BEST WAY FOR IRAQ TO NOT CREATE A HARDSHIP IN ALL AREAS -- GREAT POINT HUN
 
katkat: 4 percent agriculture, exporting oil... 
katkat: thx, i think we are getting there!! thx md
 
Millionday: THEY HAVE REPORTED THE EXPECTED REVENUES THEY WILL GET FROM THE TAX IS A HUGE PART OF REVENUES ETC
 
Millionday: WHOOOPOW
 
Millionday: A delegation from the private sector with the Office of the Prime Minister Haider al-Abadi, ways to support the Iraqi economy.
 
In a statement to the private sector it received / Baghdadi News /, "The delegation of the private sector on Monday a brief summary morning visited 12/14/2015 and headed by Mr. Ibrahim al-Baghdadi, head of the investment and the Iraqi Reconstruction Development Center Office of the Prime Minister to discuss and find a mechanism and a way to pay overdue private sector dues
 
Millionday: NOTE -- THE PRIVATE SECTOR IS ADDRESSING LAST MINUTE THINGS THAT HAVE TO BE TAKEN CARE OF
 
Millionday: "noting that" the delegation consisted of (Saadi and flames Sehud, and Mohammed Jawad al-Jubouri, and Sadeq Kazim Mashat, and Adel Rahim al-Moussawi, and Adham pottery, and Haidar Saleh Shenawa, and Tariq high-Jubouri, and Qais Hamid Al-Wazzan). "
 
The statement added that "the Director of the Office of the Prime Minister Mahdi Keywords received the delegation, stressed the desire of the Prime Minister the need to support the private sector," explaining that "it is necessary to find a solution to the private sector pay late dues to the government."
 
Millionday: NOTE -- THE PRIME MINISTER SEES THE IMPORTANCE OF WORKING WITH THE PRIVATE SECTOR AND FIND A SOLUTION TO THE EXPANDED PAY LATE DUES
 
Millionday: >>>>He noted that the "Keywords told the delegation that the cell crisis, which is hoped to meet next Wednesday will be discussed among the curriculum proposal submitted by a number of private sector companies to the Governor of the Central Bank and the Office of the Prime Minister and the private issuance of sovereign bonds by the Ministry of Finance, which had previously been approval and approved previously, that are purchased and liquidated by the Central Bank of Iraq. "
 
Millionday: NOTE -- THE CELL CRISIS IS THE GROUP THAT WAS FORMED TO MOVE THE ECONOMIC REFORM ALONG AS IT IS MOST SUCCESSFUL
 
Millionday: The statement noted "the importance of finding the mechanism required to reduce the accrued benefits of outstanding private sector loans, government and private banks as well as to stop the renewal and reduce the amount of letters of guarantee in parallel with the achieved ratios for the completion of projects, and advocacy to support the private sector, as well as expressed the problems and challenges of government institutions."
 
Millionday: NOTE -- OBVIOUSLY THEY ARE TO MONITOR AND ADDRESS EVERY IMPACTING CHALLENGES
 
Millionday: "I have also talked about the reform packages, including the launch of initiatives lending for financing small projects and the financing of industrial, agricultural and housing projects, to support sustainable development and the private sector, to take its place and its role in supporting the national economy, as well as the formation of a committee to follow up the achievements of the ministries about the axes supporting the private sector, which are up to 10 axes. "
 
Millionday: The statement stressed that "the delegation expressed the necessity of cooperation to cross this difficult phase and the need to involve the private sector in all economic commissions to give his opinion and clarify its position and to explain their problems and propose solutions to them, as well as touched the audience about the customs tariff and the proposed mechanisms to be applied, in addition to the necessity of activating the laws that operate on supporting the national economy. "
 
Millionday: NOTE -- ALL CHANGES AND LAWS WILL HAVE TO BE THE BEST STEPS FOR THE PRIVATE SECTOR
 
Millionday: He stressed "the need to protect the national product, consumer protection, anti-dumping and anti-monopoly If Maflt these laws combined with the customs tariff law, they will be the key to success for the advancement of the national economy and all economic initiatives, including the government's initiative to lend 5 trillion dinars"
 
Millionday: SO AS WE SEE -- IT APPEARS OBVIOUS TO ME THAT---- THE PRIVATE SECTOR MUST BE PROTECTED AND IS THE KEY TO THEIR SUCCESS'-- INCLUDING THE REFORMS ETC
 
.MOD.subgirl: Isn't tomorrow when the Pres. signs the budget?? or something like that???? Just asking???
 
Millionday: IM NOT SURE BUT THIS STEP IS IMO NOW DUE TO THE URGENCIES
 
Millionday: The World Bank has agreed to give Iraq a loan of $ 1.2 billion, to strengthen its efforts to adjust its finances, and improve the efficiency of the energy sector in the country, as well as to help cope with the effects of lower oil prices and rising security costs.
 
The director of "The Middle East Department," the World Bank Group, Fred Belhadj: "The Bank's support .. to the momentum of the current reforms in Iraq are very important at this critical time, as the country faces the challenges of long-standing in the financial sector, public financial management, and efficiency energy use and security. "
 
Millionday: NOTE -- THE WORLD BANK HAS AGREED TO THIS DEVELOPMENT LOAN DUE TO >>>> THE MOMENTUM OF THE CURRENT REFORMS IN THIS CRITICAL TIME -- WHOOOPOW
 
Millionday: He added: "In this process, offer a calculated risk. However, the risks that may result from failure to support the Iraqi government in these times much larger" .almsaol regional in the World Bank Group, said in his speech also said that "the Iraqi economy is going through a very critical period ..
 
We believe that to help him recover quickly, and help Iraq achieve stability, will have great benefits not only to the Iraqi people, but for the entire region. "
 
Millionday: NOTE -- THE WORLD BANK FINDS RISK IN NOT SUPPORTING THE IRAQI GOVERNMENT --

​THE GOAL OF THE BANK IS TO HELP THEM RECOVER QUICKLY ECONOMICALLY- THE LOAN WILL HELP ACHIEVE STABILITY AND ALSO BENEFIT IRAQ AND THE REGION 

​Millionday: NOW LET ME SAY
 
Millionday: FOR THE LOAN TO BENEFIT THE REGION MONEY WOULD HAVE TO BE GIVEN THROUGH CONTRACTS AND OF COURSE BE EXCHANGED DUE TO THE IRAQI DINAR BEING THE ONLY CURRENCY --------SMILE
 
Millionday: The bank announced the approval of financing for development policies aimed at fiscal situation in Iraq, and the provision of sustainable energy, and enhance the transparency of state-owned enterprises project.
 
According to the bank, this process, in line with the government's plan for economic recovery for the period between 2015 - 2018, committed by Iraq to implement reforms that will achieve the promotion of an integrated economic growth, and improve the efficiency of the delivery of basic services to the citizens, and to take the necessary actions to install means of social protection.
 
poppy3: I'VE LOOKED FOR TWO DAYS TO FIND SOMETHING NEGATIVE . IF ITS THERE I CAN'T FIND IT . SORRY EVERYBODY JUST NOTHING TO WORRY ABOUT I REALLY TRIED HARD . POPPY3
 
Millionday: NOTE --IRAQ PLANS ECONOMIC RECOVERY THIS YEAR TO 2018 WHOOOPOW ME TOO
 
.MOD.subgirl Millionday: between 2015 - 2018!!!!
MOD.subgirl Millionday: it is including this year!!!!!
 
Millionday: Chief Economist of the World Bank if Eric Bourne, explained that "development policy loan is an essential part of the World Bank's efforts to help address the fragility of the situation and promote stability in Iraq and the Middle East and North Africa in general."
It is said that the new loan granted to Iraq focuses on three aspects, the first being to improve public expenditure management, where the government lowered last November, top civil servants salaries paid, and raised the wages of less staff salary, and then acted to re-distribution of wealth and mitigate social tensions at no cost, Not to mention the steps taken to stop the 301 thousand pension for those who do not deserve.
 
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