Millionday Wednesday Roundtable Part 2

Millionday Roundtable 11/12/14   Part 2

Welcome to dinarupdates.com for Roundtable with Millionday!

Millionday: The request of the Prime Minister of the Government of the Territory that take the issue of questioning and follow-up and control of the affairs of the parliament and government ministries are naturally full coordination with the Parliament and not to neglect their inquiries.

And the Minister of Natural Resources Ashti Hawrami the first paragraph of the meeting took place to discuss the draft law (to the discovery and production of oil Kurdistan company) and after the presentation of a set of observations and opinions by the Cabinet approved the law, noting that the Council decided to send the project to the Kurdistan Parliament.

Millionday: NOTE — THE KURDISTAN REGION SHALL TAKE CARE OF ALL OF THE PASSED LAW OF DISCOVERY AND PRODUCTION OF OIL
~~~

Millionday: The statement said that the law stipulates that the company will prepare plans for administrative, financial, technical, and policy and management of the oil sector in order to be consistent with the oil sector.

A statement the provincial government that the company and in consultation and coordination with the Ministry of Natural Resources and the Council of Ministers for oil and gas will oversee all areas of the oil and gas sector in the region,

such as the signing of exploration and extraction, development and production of oil and exported and marketed in the region, Iraq and abroad and all business activities related to the oil and gas sector contracts.

Millionday: NOTE — ALL BUSINESS WILL BE HANDLED BY THE NATIONAL OIL LAWS THROUGH THE AND BASED IN THE KURDISTAN REGION

Millionday: He noted that the company will be within a certain period of joint-stock company and the citizens can buy shares, which will be held later law.

The statement noted that the second paragraph of the meeting also was related to the oil sector and provided by Hawrami and discussions were held, approval of a law (and imports of oil and gas fund in the Kurdistan region of Iraq) in which he will enter all imports of oil and gas.

Millionday: NOTE — IT IS GOING TO BE PLACED ON THE ESX AND ISX

Millionday: NOTE — THE IMPORTS OF OIL AND GAS FUND WAS ALSO PASSED

Millionday: Regarding the oil problems with Baghdad Barzani stressed that he would not be allowed in any way that SOMO controls the oil region, adding that the provincial government is ready to cooperate with them in a matter of production and sale of oil and full transparency and coordination.

The statement quoted Barzani as saying that the doors of dialogue with Iraq, the UN and the Americans did not close, hoping that with the minister’s visit to Arbil, the Iraqi oil that is preparing for the atmosphere reached an agreement to address the problems.

Millionday: The statement concluded by saying that the Council took the decision to add a new minister to the current lineup of the provincial government, pointing to send it to parliament for approval.

Millionday: SO THEY ARE HIRING A NEW MINISTER TO KEEP DOORS OF COMMUNICATION OPEN FOR THE INTERNATIONAL COMMUNITY AND SOMO

Millionday: HERE WE GO

Millionday: HUGE WORK SHOP GOING ON NON-STOP ABOUT THE ACTIVATION OF THE ENTIRE ECONOMIC REFORMS AND BANKING

Millionday: Farah pumice counting Economists Workshop (morning) titled (the government program opportunities and challenges) an important milestone on the road to development by addressing the challenges transparently fully and openly,

as well as the obstacles that prevented the achievement of the goal during the last period, as well as enable the private sector to exercise its role in the management of the Iraqi economy.

Millionday: NOTE — THE PRIVATE SECTOR RESOLVES

Millionday: NOTE — READ EVERY WORD OF THIS AS IT IS WHAT WE ARE DOING HERE

Millionday: The economic expert urged d. The appearance of Mohammed Saleh multinational companies to use Iraq as a focus productivity eastern Mediterranean for the manufacture and use of local inputs available, pointing to the need for inclusion in the investment law under the doctrine of international economic relations, or the so-called “By meeting,”

the head of the Securities Commission (d) Abdul Razzaq al-Saadi explained to ( morning) he continued cited media about the workshop government program opportunities and challenges,

and found that its intensive stop at important stages in the way of economic advancement addressed advertised the program by the prime minister two months ago. activate industry and pointed out that the Iraqi economy is in dire need to discuss the mechanics promotion, especially

Millionday: NOTE -THE SECURITY COMMISION IS SAYING THAT THE ECONOMY HAS TO MOVE FORWARD AND IT WAS SAID TO BE ON THE WAY TWO MONTHS AGO –

THEY CANT WAIT AND ARE IN DIRE NEED OF THE MARKET ECONOMY

Millionday: NOTE — READ EVERYWORD

Millionday: as he needs a serious pause in all his joints, especially the industrial sector companies, which is the most important economic development that need to be addressed and reality and turn them into profitable companies axes,

 indicating the importance examine its mind by the public and private sectors and privatized and converted into joint-stock companies are traded shares in the Iraq Stock Exchange .

uad workshop (morning) an important milestone on the road to a lot of economic problems to address, calling for workshops, similar to discuss the challenges facing each sector separately and limits itself and the adoption of the principle of openness in the presentation of the determinants of economic advancement.

Millionday: NOTE — THEY NEED TO GO THROUGH EVERY ISSUE AND RESOLVE SO THEY MAY MOVE FORWARD NOW WITH THE ECONOMIC REFORM

Millionday: virtual water was economist appearance Mohammed Saleh had warned on is very important that respect “virtual water” originating in the riparian countries with Iraq,

pointing out that they are grown products exported to the country at the expense of part of the water share according to the study prepared by Dr. Hassan al-Janabi, and between which the seriousness of this approach is practiced neighboring countries in the long term as far as Colh.obin

the importance of establishing an agricultural partnerships between Iraq and other countries such as Turkey, Syria and Iran to be the role of these companies role future down within alternative water diplomacy adopt returned them leverage to maximize Iraq’s share of water flowing to him from the states upstream Turkey Iran and the state of the traffic Soeria.almokhts agricultural the honored Jafar Yassin said

Millionday: NOTE — THEY NEED TO ACTIVATE WATER CONTRACTS FOR FARMERS AND ALL OTHER BUSINESSES THAT NEED IT TO BE PIPED FROM ACROSS BORDERS PER AGREEMENTS AND PREPARATION ALREADY DONE

Millionday: >>>>>>>>>>>>>>the workshop was the passage of the diversity of state revenues through the activation of production and service sectors and away from the recipe rentier economy that oil production depends on access to financial revenue is calculated for the newspaper (morning)

Millionday: NOTE — IN THEIR LOCAL PAPER THEY HAVE RELEASED A DIVERSIFIED GRAPH TO SHOW THE CITIZENS HOW THE CALCULATION IS GOING TO BE DONE FOR THE GDP AND COUNTRY PRIVATE SECTOR

Millionday: NOTE — THIS IS OBVIOUSLY THE LARGEST WORKSHOP WE HAVE WITNESSED FOR THEIR ECONOMY

Millionday: Yassin stressed that the workshop contributed to convergence views between the attendance of government and the private sector,

where they discussed the reality of activating agricultural projects directly with Dr. Mahdi Keywords, who promised a special meeting to overcome obstacles to the advancement of agricultural farm,

 both production and animal .uad this workshop successful of all the evaluation standards in the current circumstance citing the urgent need for the presence of decision-makers and the executive (the private sector) in one place.

Partnership economic in Shan last Salih stressed in his study on the importance of maximizing the economic partnership between the public and private sectors and

Millionday: NOTE — THIS IS AN EXPLANATION OF THE UPCOMING CHANGES

Millionday: NOTE — PLAIN ENGLISH >>>>>

Millionday: adopt a platform in building the national economy for the next stage accompanied by the amendment of Article 28 of the Banking Act, not to mention the importance of allowing banks invest in joint activities.

about the role of the workshop to discuss the mechanisms of activation of the work environment, said a member of the Iraqi Business Council in Jordan Mohammad Jawad al-Jubouri that the field of employment and the suffering of the problems have been dealt with within the course of the dialogue during the workshop, pointing out that the important thing is to discuss these challenges and ways to advance economy,

Millionday: NOTE — IN ORDER TO ADVANCE THEY HAVE TO MOVE ON THE ECONOMY TO A MARKET ECONOMY

Millionday: a government presence to raise the level to the side and those interested in economic affairs of the private sector. global effort and pointed out that the collection of public and private sectors at the same time to discuss the economic development challenges effectively contribute to overcome a lot of obstacles,

and is the first step towards the creation of an appropriate work environment conducive to attracting effort Global specialist to Iraq, noting that the move came the morning something new through this workshop where harmony attend the private sector,

along d. Mahdi Keywords director of the prime minister’s office to discuss several problems explicitly, where the parties agreed to joint meetings to facilitate private sector job and

Millionday: NOTE — THEY NEED TO PROMOTE THE PRIVATE SECTOR AND GLOBAL INVESTORS (EFFORT) AND DISCUSS THE CHALLENGES AS THEY ARISE

Millionday: this is calculated for the workshop “morning” He pointed Jubouri that the involvement of the private sector in economic decision-making is important and conducive to making an ideal working environment for its proximity to the the field of employment and the most knowledgeable about the requirements for implementation of the projects,

 calling for benefiting from the experiences of the past years and skipped the adoption of sound decisions enable the private sector from the economic file management as approved by the Iraqi constitution.

Millionday: SO THEY ARE CONSTITUTIONALLY PROMISED THE ECONOMIC MOVE TO A MARKET ECONOMY AND THE RIGHT TO PROSPER —-

SO THEY ARE MOVING TO ENABLE THE PRIVATE SECTOR WHICH REQUIRES THE MOVE TO A MARKET ECONOMY

coco1: Its says the workshop is going on now, but I didn’t see any mention of dates. Does this seem like it will last several days to you?

Millionday: THIS HAS BEEN GOING ON FOR DAYS NOW

Millionday: OK BRB WITH MORE

Millionday: The parliament Speakership assured that the parliament will continue holding its sessions till endorsing 2014 Budget law.

The Second Deputy Speaker, Aram Sheikh Mohammed, stated to AIN “The parliament extended the chapter of its first term till endorsing the Budget law.”

Millionday: SO THEY WILL BE IN SESSION UNTIL THE BUDGET IS LAW

Millionday: NOW THAT SHOWS THE HURRY FOR SURE

Millionday: SMILE

Millionday: BRB WITH MORE

Millionday: MY FAVORITE STATEMENT OF THE DAY >>>>

Millionday: Iraq seeks to promote economic and trade relations with the countries of the world all and especially regional ones, because of the possibility to achieve economic integration through the signing of memoranda of understanding and bilateral agreements to the fact that Iraq is going through an economic transition after its liberation from the effects of the totalitarian economy to a market economy requires finding economic and commercial environment achieved by openness to the world.

Millionday: NOTE — HERE IS THE PLAN OF HOW TO GET THERE AND STEPS

Millionday: The start phases of commercial relations between Iraq and any other country in partnership then agreements to reach economic integration which is intended to grant the facilities and the freedom of movement of goods, services and money between the two countries and customs facilities and tax breaks that would benefit

Almtpadlh.oiry academic economic Dr Majid Baidhani that Iraq needed a more memorandums of understanding economic and trade agreements because of the encouragement to revive the economy through the activation of the private sector in the production areas to the fact that the country has the natural and human resources as well as high-specification raw materials that go in

Millionday: NOTE — THEY HAVE TO HAVE A REALITY RATE FOR ALL COUNTRIES AND MOVE TO START BRINGING IN IMPORTS AND MAKE CONTRACTS FOR EXPORTS TO SELL AND CREATE THINGS

Millionday: especially with the neighboring countries would bring benefits to these countries and increase the volume of trade exchange to levels live up to the historical and social relations between the people of Iraq and the people of those countries.

The trade exchange between Iraq and Iran size during the year the past, for example, 5 billion and $ 263 million as arrived during the current year 3 billion and 137 million dollars.

Millionday: to the research and Commerce Minister Mlas Mohammed Abdul Karim with Iranian Ambassador to Iraq Hassan Dnaii activation and implementation of the memorandum of understanding in economic and trade fields in addition to present and discuss topics of mutual understanding between the two countries.

He said Abdul Karim said in a statement to the Ministry on the need to accelerate the activation and implementation of the memorandum of understanding between Iraq and Iran, especially

Millionday: in relation to the supply of food items that fall within the vocabulary of the ration in addition to helping the Iranian side to provide expertise in the field of marketing the fact that the ministry is in the process of activating the role companies Central and construction markets by sending experts to train cadres inside the ministry and Garg Iraq.

For his part, Iranian Ambassador Hassan Dnaii his country’s keenness to develop and expand economic and trade relations, especially with respect to the memorandum of understanding to enter into force in the near future.

Millionday: SO THEY NEED TO EXPAND NOW TO MORE THAN JUST THE FOOD THAT WAS ALLOWED BEFORE AND TRADE WITH THE WORLD AND THAT IS THE GOAL THEY ARE REACHING FOR NOW AND ARE PUSHING TO MARKET THE NEW IRAQ AND MOVE FORWARD TO TRADING WITH THE WORLD

Millionday: BRB WITH MORE

Millionday: NOTE — I TAKE THAT BACK — HERE IS MY FAVORITE STATEMENT OF THE MONTH OR YEAR

Millionday: The appearance of Dr. Mohammed Saleh in the vision presented by and dealt with the idea of establishing “Reconstruction Council” represents a supreme body to lay large contracts the central government to be an independent advisory board of high competence assess contracts efficiency and integrity and moderation of prices

and working side by side with the upper body to lay large contracts to the central government. monetary exchange as Salih noted the need to take advantage of the United States program «monetary exchange

Millionday: NOTE — YES I THINK THAT IS A NEED — SMILE WHOOOPOW

Millionday: which was held with the participation of a group of countries in the world program works to encourage money to be deposited Iraq’s foreign currency to meet exchanged in local currency and duration long in productive investment projects in conjunction with the deposited state and including maximizes development indicating that it is possible to repeat the experiment with the European Union,

Japan or China in accordance with the Investment Law No. 13 of 2006 amended, alluding to the importance of the development strategy of the production crude oil after determining fitness in crude oil production source to 6 million barrels per day, he said,

Millionday: NOTE — THEY WANT TO ALSO MOVE WITH THE ISX TO THE GLOBAL CURRENCY MARKET AS WE READ IN THE OTHER REPORT WE HAD LAST WEEK

Millionday: indicating the importance of guidance to be input to the projects of refining or the local petrochemicals. encourage investment and stressed the importance of promoting investment in the country, whether public sector or the private sector in projects outside Iraq,

such as purchasing Farms in the same land fertile like Vietnam, Ethiopia and countries of the southern African countries as Her experience of countries in this international agricultural investment area returned the pre-requisites of national food security overtime after the preparation of accurate and compelling studies of the economic feasibility of such a foreign investment.

Millionday: NOTE — THEY ARE TALKING ABOUT MOVING THE INVESTMENT FOR THEMSELVES TO HAVE LAND THAT WILL ALLOW THEM TO GROW FOOD AND CONTRACT THROUGH OTHER COUNTRIES

Millionday: safe environment while zap specialist in economic affairs Hadi Hndas of the argument that capital coward looking for the most safe environment, 

pointing out that the current stage requires work to find an appropriate climate for the implementation of strategic projects which required all cities of Iraq, noting that the need for the Iraqi capital migratory seemed clear and here we have to work to encourage return and invest in the country again. 

He pointed out that this approach leads to encourage foreign capital to enter the local labor field, especially that most of the specialized international companies want to be in the local yard work and invest the many employment opportunities in all the productive and service sectors.

Millionday: NOTE — THE WORKSHOP HAS SUCCEEDED IN RAISING THE PRIVATE AND PUBLIC SECTOR OBVIOUSLY — SMILE

Millionday: The economic Ali Hilfi has symposium said pointed to the importance of the five-year development and national strategies plan, 

And I think that the government program addressed the financial and economic challenge, noting that the rationalization of expenses and reduce pressure on the state treasury and to provide the possibility of mobilization of financial and economic to sustain the war on terror from the necessities of the current phase. 

stressing the need that the government geared towards human development in education, health, environmental sustainability and increase the efficiency of the social safety services and strengthening the role of women in society and work on activating the role of civil society organizations.

Millionday: NOTE — OBVIOUSLY PART OF THE LABOR LAW AND ITS ACTIVATION FOR THE PRIVATE SECTOR AND PUBLIC

Millionday: NOTE — AND HERE IS THE RESULT

Millionday: The workshop targeted either competent in economic affairs Jassim Al-Aradi, described the workshop Balhadfah task and it’s a forum asking what it says the government program and the challenges it faces in light of the talk about austerity government may adopt in the coming period and the mechanism of force from So Da.aerada

 between «morning« that the government come to the side and observers of economic and political affairs contributes effectively to be able to solve the problems that the government program may be associated with the future of the private sector, 

pointing to the importance that these workshops periodically continue to deal with an important aspect of economic life political and country.

Millionday: SO THEY INTEND TO ACTIVATE THE ECONOMIC REFORM AND ALL OTHERS AND 

ARE ALSO STATING THAT THEY PLAN TO HAVE MORE WORKSHOPS TO ADDRESS ANY PROBLEMS THAT MAY ARISE

Millionday: SMILE

Millionday: WHOOOPOW

Millionday: SO WE SHALL SEE WHAT COMES FROM THAT — FIRST THING NEEDED FOR ECONOMIC REFORM IS MONETARY REFORM TO HAVE A REALITY RATE FOR INTERNATIONAL TRADE AND ALSO THEIR STOCK MARKET –

 CANT JUST HAVE A MADE UP RATE AND VALUE THAT DOES NOT MAKE SENSE

Millionday: I HOPE YOU HAVE A GRAND DAY AND DONT MISS NEWS BECAUSE WHO KNOWS WHEN AND YOU DONT WANT TO MISS ANYTHING COMING UP

Millionday: YES A WHOOOOPOW

Millionday: SEE YOU AT 730 EST

papatom: Millionday…. the one thing I have a hard time getting my mind around is trading the Dinar on a stock exchange. it’s not done anywhere else in the world. the currency exchange is separate from the Nasdaq and all stock exchanges…. can you shed some light on that??? thanks

Millionday: THEY ARE HOOKED TO NASDAQ AS OF YEARS AGO IN NEW YORK AND THE PAIRING WILL HAVE TO BE DONE — 

THEY ARE HOOKED TO LONDON AS WELL AND IF YOU LOOK AT ALL MARKETS IT WILL SHOW YOU THE VALUE RIGHT NOW

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