[millionday] welcome everyone to newstime — we have loads and loads of great news

    [Dovi] I was born ready!

    [millionday] so here we go  –the first part of this is very interesting and know that this could be exactly what they have been waiting on to get done  some think it is

    [millionday] Research and Foreign Minister Hoshyar Zebari with the Executive Director of the Compensation Commission at the United Nations Tibor Raja Iraq’s efforts in fulfillment of its obligations to pay the remaining compensation to Kuwait.

A statement from the Information Office of the Ministry of Foreign Affairs received by the agency {Euphrates News} copy of “Foreign Minister Hoshyar Zebari received in the office of the ministry on Wednesday Tibor Raja, Executive Director of the Compensation Committee at the United Nations.”

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     [millionday] He added, “During the meeting, Iraq’s efforts in fulfillment of its obligations to pay the remaining compensation to Kuwait.” Raja praised the “efforts aimed at ending this file”, calling for “importance of benefiting from the environmental reform program undertaken by the United Nations in the region.”

For his part, Zebari said Iraq’s desire to “the completion of all belongings and close the file of compensation.”

    [millionday] so they are paying kuwait the 11 billion to move forward in the next step — this is great and also is for some the point that needs to be made  ] brb with more

    [millionday] Noted economic expert d . Medhat al-Quraishi that the process of accession to the WTO will contribute to the protection of local products from abusive business practices , particularly cases of dumping.

Said Quraishi »Sabah» : that there are effects of both positive and negative , pointing out that the most prominent of these effects is to push the national economy towards the free market economy and competition World, which lead to

    [millionday] the production of goods at discounted prices and high specification . , he said , and by allowing the issuance of the necessary legislation as well as the policy of openness to global markets and to encourage the movement of foreign investment, which facilitates the flow of modern technology to the country and promote local technological capabilities and stimulate domestic investment.

and said Quraishi said there contrast adverse effects and significant challenges and serious involved in the accession process , pointing out that it has to be dealt with and overcome to be able to take advantage of the membership of the organization

    [millionday] and stressed that the most important of these negatives is opening up fully on the global markets and the abolition of customs duties and all forms of protection and support will be of course in favor of countries developed and which has a well-developed economy and productivity capabilities and a huge export and a high level of competitiveness firmly believe that it will not be in favor of vulnerable developing countries and underdeveloped productivity and export capacity is very limited .

    [millionday] so as we know this has been stated over and over but we also know the accession meeting is scheduled for the end of december — they seem to be right on track for the provisions they have been given —

    [millionday] so many things have been put in place that are required and the progress we wanted to see is being done   very nice and encouraging  brb with more

    [millionday] we expected to see this close to when they are ready to launch the economic and monetary reform

    [millionday] and also a note of info — we have the date for the beginning of the national conference — it is to begin with the signing of the peace agreement and it is the 19th of sept

    [millionday] here is this as well  >>> See specialists that the establishment of a special body monitors the work of government and private banks will contribute to the advancement of the banking sector and help to develop their work .

Comes at a time it intends to finance committee parliamentary status integrated study on the mechanism for the development of a supreme body independent of the control of the banking business.

Banking expert and executive director of the Association of Banks Private in Iraq, Abdul Aziz Hassoun was considered that the establishment of a supreme body to monitor the work of banks contributing to its development.

    [millionday] Goldfinch Male (morning) that in the past year has been established High Commission for the reform of banks , as it was founded according to the World Bank’s program to restructure state banks ( Rafidain and Rasheed ) , was formed by a committee manages this body , and is composed of the Minister of Finance and the Governor of the Central Bank and Chairman of the FSA .

said the expert : he « in the event was set up a supreme body overseeing the development of the public sector banks and private , must be Directors of the Authority equally between banks governmental and private in order to be understanding of the work program , and put development plans that benefit both sides , especially as the number of private banks at the present time of about 40 banks » .

Committee will hold parliamentary Finance in 22 of the current month and a workshop with representatives from the public sector banks and private sector to discuss and examine the the idea of ​​establishing an independent body to monitor the banking work in isolation from any other interventions . part, confirmed a member of the

    [millionday] note — the first meeting of the committee to be on september 22nd

    [millionday] Finance Committee MP Najiba Najib need to establish a body dealing with banks will be responsible for developing the banking sector and linking banks world .

said Najib in a press statement: « the establishment of such a body is necessary to serve the banking sector .

    [millionday] this committee is to move the banking industry to the world within international banking and monitor the banking reform as it is launched — this is to minimize any problems unforeseen

    [millionday] smile  — lets read this and see what clues we get from the entry of the market to the globe

    [millionday] Spread throughout the country the label market market for second hand goods, some call it market vendors, reminds me of the phenomenon in three decades experienced market (links), which was the pioneer of slides, crushed and poor for some requirements that consumed by the rich and the well-to-do and replace it with new brands this about clothing and some other needs.

In that era was a regular on the consumption behaviour according to the material of the affluent walmtrfhin while most frequented market «allanka» in the blockade imposed on Iraq at an increasing number of pioneers, the middle layer of a staff competing with poor slide helped raise the price of «allanka» due to the high demand, according to the theory of supply and demand, prices were on the rise.

    [millionday] note — this is talking about knock offs and how they have spread during the war times —

    [millionday] The evolution of the concept of «allanka» after the changes that have taken place around the world, transformed into market «Bale» The latter was of wonder that island with brands and unused and packaged goods from origin (balbakit) according to the vernacular concept toddler,

the obvious difference between the two markets pushed me in the search for new consumption behaviour in time «allanka» and I irrevocably as a result of repeated increases in salaries and wages subsequently recovered the purchasing power of citizens after the change.

    [millionday] note — after the change ? love it  — they are talking about the need to come up with normal pay and normal pricing for products

    [hstrymknwmn] I wish their past tense really was past tense

    [millionday] This transformation is an economic phenomenon required stand then to study and analyze the new consumption behaviour of the citizen as a result of this shift, from which researchers can investigate the causes of the phenomenon of dumping goods and how to address them.

No power to limit the technical and technological developments brought about by globalization which affect consumer behaviour which makes and models vary in the short time before saturation of the product first, followed by consumerism and the freedom of the individual could not restrain the Government decision but need a consumer culture responsible for the family, the school and University as well as the media in the face of this trend.

    [millionday] And because the free economic system — this issue is based on the principle of profit fast and intense competition among producers, thus we have commissioned audaribh move so we can keep up with the world economy has been affected by all the economic systems in the world with a whirlwind of globalization is it inevitable?

The answer is found in the «second hand goods» the ruins «allanka» but the new dress, whom they visit family frugality «Bale» and leave the malls because Rinpoche.

    [millionday] so let me address this  —- they are working to establish what the prices should be now that they are going to be receiving products as they should be and the comparison of pricing as it should be — there are many goods that they have not been able to have and now they will be receiving — it is hard for them to establish pricing with so many needs and this being done is great and shows the coming of the market economy and consumer purchasing globally

    [millionday] brb with more –  it is very exciting to see them working on this and addressing normalcy

    [millionday] Market research centre at Baghdad University that challenges facing the task of importing the ration card items difficult as you need to experience significant contracts may not be available in the provinces, called Parliament’s Economic Committee, Ministry of Commerce with responsibility for a ration card.

The Director of the Centre for market research at the University of Baghdad, Salim Al-Bayati (morning), the ration card file from the files that you need to import a large system as well as an integrated economic policy, pointing out that the full file transfer to the provinces has created a new problem.

    [millionday] He added that despite the good intentions, it is within the framework of the prosthetic solutions, explaining the need to study this proposal better by overcoming the errors made by the Ministry of Commerce in file manager.

He called the Director of the Centre to the Department of Commerce for the import and hiring companies processed and left to the provinces, other things related to this file, a student member of Parliament’s Economic Committee, Department of Commerce Criss Falih should bear responsibility for the ration card as full and not refer to provinces and said Amit (morning), the ration of large files and complex, the provinces could not limited means managed properly as it did not possess experience in contracting.

    [millionday] note — it is hard for the local provinces to learn how to distrbute the ration cards and do all of this new work they are not familiar with

PART 2 CONTINUED  – Link will be activated when part 2 is publisjed