PM Maliki: Opening of Standard Chartered Bank sends message, ‘Iraq is not isolated from the World’

Posted by on Nov 30, 2013 | Leave a Comment

Maliki: Open Branch President for Standard Chartered Bank in Baghdad message that Iraq is not isolated from the world Prime Minister Nuri al-Maliki opened the branch president for Standard Chartered Bank in Baghdad, “a message that Iraq is not isolated from the world.” He said in a speech during the opening of the branch “We stand today in front of a turning point in the economic field through the entry of international... 

CBI: International financial action group against money laundering decides to hold its next meeting in Iraq

Posted by on Nov 30, 2013 | Leave a Comment

28-11-2013 09:24 PM Baghdad (newsletter). The Iraqi Central Bank announced the approval of the financial action group for the Middle East and North Africa on money laundering offences and the financing of terrorism held a meeting in Iraq. The Bank said in a statement received (News Agency), a copy of: the financial action group for the Middle East and North Africa on crimes of money-laundering and the financing of terrorism... 

Economy Committee warns of Iraq’s dependence on oil

Posted by on Nov 29, 2013 | Leave a Comment

11/29/2013 12:03 warned the parliamentary Economic Committee, the survival of the Iraqi economy is dependent on oil as a major source of the state, calling for a diversification of state revenues to avoid the financial problems of the country’s economic potential. The decision of the Committee Deputy Mahma Khalil: the federal budget revenues accounted for 95% of the oil, and this is an indication of a threat to the... 

Parliament Economic Committee calls for adoption of a strategic plan to diversify State revenues and reduce dependence on oil

Posted by on Nov 29, 2013 | Leave a Comment

Baghdad (newsletter). The parliamentary Economic Committee, warned that the Iraqi economy dependent on oil as the main source of State calling for diversification of State financial revenues to avoid potential economic problems of the country. The Rapporteur of the Committee, said MP mahma Khalil (News Agency): federal budget revenue constituting (95%) Of oil, this is an indication of a threat to the economy, as it would... 

Suhail looking with a delegation from the World Bank to develop banking systems in the country

Posted by on Nov 29, 2013 | Leave a Comment

Baghdad (news) .. Search first deputy chairman of the Iraqi Parliament Qusay al-Suhail with a delegation from the World Bank, headed by the Regional Director of the World Bank Fred Belhadj, the development of human capacity and Iraqi banking systems in place in the country, as well as future plans for the institutions of the World Bank in Iraq. According to a statement from the Media Office of Sohail received (Agency... 

CBI to allow companies to broker the sale and purchase of foreign currency to enter the daily currency auction.

Posted by on Nov 28, 2013 | Leave a Comment

Iraqi Central Bank announced Wednesday, it will allow companies to broker the sale and purchase of foreign currency to enter the daily currency auction. The relationship manager in the bank in favor of Mahood’s “Tomorrow’s Press,” said that “companies to broker the sale and purchase of foreign currency would be allowed to enter the daily currency auction through any bank operating in Iraq,” adding that “such... 

PM Maliki participates in grand opening of Standard Chartered Bank in Baghdad

Posted by on Nov 28, 2013 | Leave a Comment

An official statement said the prime minister, Nuri al-Maliki said the prime minister today inaugurated the branch president for Standard Chartered Bank. According to the statement received by all of Iraq [where], a copy of it, the “al-Maliki said in a speech to the opening ceremony, “We stand today in front of a turning point in the economic field through the entry of international banks in Iraq, and we have a desire... 

Economist: It is not true that the window is closed because of the nature of the investment law

Posted by on Nov 27, 2013 | Leave a Comment

The economist said the appearance of Mohammed Saleh, said that calls for amending the Law on the Central Bank of the table by the bank six years ago, noting that “the Banking Act current No. 94 of 2004 for commercial banking, and we do not have the law of investment banking for the purposes of development.” and called for an economist appearance of Mohammed Saleh in contact with the (term), “banks that possess activities... 

Economic reform would be a qualitative leap in the development of the Iraqi economy

Posted by on Nov 27, 2013 | Leave a Comment

Baghdad (newsletter). She is a member of the Financial Committee MP/Kurdish Alliance/smart Najeeb, the importance of the economic reform and law which can happen . Najib said (News Agency): this law will spell economic policy and develop plans for the development of different sectors, calling on Parliament to speed up adoption and not deferred to the next parliamentary session. She added: the economic reform act would... 

With IMF guidance, CBI plans radical change in banking laws

Posted by on Nov 27, 2013 | Leave a Comment

The Governor of the Central Bank of Iraq acting Abdel Basset Turki, all efforts to radically change the laws in the banking sector, under the guidance of the International Monetary Fund, stressing that «the new laws that advance economic reality». He said during a seminar held by «Central» to discuss amendments to its law office in 2004 and the Banking Act and the law against money laundering, that «the delegates... 

Committee Member demands CBI to accelerate dropping of zeros process; It will boost economy by raising the IQD

Posted by on Nov 27, 2013 | Leave a Comment

Baghdad (news) .. A member of the Economic Commission MP / National Alliance / Ibrahim stirrup, that the high price of the dollar depends on the ratio of supply and demand in the auction sale of the currency in the central bank. said stirrup (of the Agency news): The high exchange rate of the U.S. dollar against the Iraqi dinar is affected by security conditions taking place in Iraq and demand it through legal or illegal... 

Iraq Deputy PM applauds how country was able to control inflation and reduce lending rates

Posted by on Nov 26, 2013 | Leave a Comment

  Deputy Prime Minister for Energy Hussain al-Shahristani, Monday, that Iraq was able to control the inflation, as well as its ability to reduce the interest banks to 6%, indicating that it is able to maintain the rate of economic growth for long periods. Shahristani said In his speech during the Business Forum and the Iraqi investment Frenchman in a good hotel, attended by “Alsumaria News”, “Iraq was able... 

CBI Governor: Banking Act needed; Dropping zeros inappropriate at this time

Posted by on Nov 26, 2013 | Leave a Comment

Called on the Central Bank of Iraq, on Sunday, to “revisit” the laws of the banks and the Central Bank and the fight against money laundering, and attributed the cause to “address the problematic lack of challenge of the activity of banks and the World Bank in the management of the economy”, and pointed out that the zeros “will not lift from the Iraqi currency now for not suitable circumstance. “ The central... 

Iraq and Romania sign four memorandum of understanding for the development of infrastructure

Posted by on Nov 26, 2013 | Leave a Comment

signed Iraq and Romania, in Bucharest four memorandums of understanding to develop the infrastructure of the Iraqi governorates and rehabilitation of companies, institutions and ministries of industry, agriculture, health and Provincial Affairs. came in a statement issued yesterday, the Office of the Deputy Prime Minister for Services Affairs Saleh al-Mutlaq, and received “morning”, a copy of it, that “Iraq... 

Economic Commission: the vote on the corporate exemption from duties and taxes after recess

Posted by on Nov 26, 2013 | Leave a Comment

Consultant Industrial: Investment Act, as amended, protects the investor and offers great incentives Baghdad – the joy of pumice in order to support economic development in the country and get rid of the red tape, is heading the House of Representatives to pass legislation exempting the Iraqi and foreign companies from duties and taxes after the legislative recess. though it has divided opinions specialists and... 

Economist Opinion: For dropping of the zeros to be successful other steps must be implemented

Posted by on Nov 25, 2013 | Leave a Comment

The expert described the economic, Akram Abdel-Aziz, a step central bank to raise zeros from the local currency, “the action to reform aspects of the calculation.” It said in a statement told all of Iraq [where]: “The deletion of zeros is the restructuring of the financial sector and banking and reconsider the monetary policies.” They believed that “the deletion of zeros facilitates the use of exchange and... 

Central Bank: We seek to amend the banking laws and go to play a developmental role for the economy

Posted by on Nov 25, 2013 | Leave a Comment

The Central Bank of Iraq, on Sunday, seeking to amend the banking laws, including the proportion to the current situation, and pointed out that the money laundering law the most prominent laws that seek to modify it, while stressing that going to play a developmental role of the Iraqi economy. The governor of the Central Bank and the Agency Abdel Basset Turki said in his speech during the first sessions of the workshop... 

CBI: Currency reserves have exceeded $88 billion

Posted by on Nov 25, 2013 | Leave a Comment

 / Baghdad Revealed the CBI, on Sunday, the arrival of foreign currency reserves of more than 88 billion dollars, indicating that it contributes to the stability of the dinar could be a “source of pride” for the Iraqis. The governor of the Central Bank and the Agency, Abdul-Basit Turki, said in an interview to the (long-Presse), “The bank accounts the beginning of October 2013 the past, recorded a reserve exceeds... 

CBI will discuss tomorrow the law of private banks

Posted by on Nov 25, 2013 | Leave a Comment

Tomorrow’s Press / BAGHDAD: Iraqi Central Bank on Saturday, for his extended workshop on Sunday to discuss the law of private banks and receive bids so special. The governor of the Central Bank and the Agency Abdel Basset Turki for “tomorrow Press”, “The aim of the gathering of economists and financial professionals as well as those in charge of financial management is to discuss possible amendments and what should... 

Rise in hard currency reserves in Iraq, helping to stabilize the Iraqi dinar

Posted by on Nov 25, 2013 | Leave a Comment

Free - Revealed the CBI, on Sunday, the arrival of foreign currency reserves of more than 88 billion dollars, indicating that it contributes to the stability of the dinar could be a ‘source of pride’ to the Iraqis. The governor of the Central Bank and the Agency, Abdul-Basit Turki, in a press statement that ‘bank accounts the beginning of October 2013 the past, recorded a reserve exceeds 76 billion dollars of hard... 

Banking Expert: In light of the high levels of inflation, Deletion of zeros from currency would not address the economic crisis

Posted by on Nov 23, 2013 | Leave a Comment

Said banking expert Samir Nasiri: that the process of deletion of zeros, announced by the Central Bank of Iraq will not deal with the economic crisis that has plagued Iraq, particularly with regard to the standard of living decline and deterioration of services. He added Samir Nasiri that the process of deletion of zeros from the currency “will not address the economic crisis that has plagued Iraq, especially falling... 

New call for investment law legislation. The current economy is repulsive to investment, says Chairman of the International Federation of Businessmen in Iraq

Posted by on Nov 23, 2013 | Leave a Comment

The Chairman of the International Federation of businessmen in Iraq d. Hamid punitive that the economy is suffering from structural imbalances that lasted for decades, pointing to the need to modify some of the previous legislation in order to promote the performance of the private sector to play a role in the development process in the country, which have become necessities during the next phase as well as the importance... 

CBI to take new measures to improve the value of the Iraqi currency; Issuance of bonds

Posted by on Nov 23, 2013 | Leave a Comment

Confirmed a member of the Finance Committee Kurdistan Alliance MP Najiba Najib that the actions of the central bank to issue new bonds in dinars within the Bank’s policy to improve the value of the Iraqi currency against other currencies. Najib said in a statement on Friday, the former central bank bonds were in foreign currency, so the bank to issue bonds in Iraqi dinars for not restricting the currency to other currencies. She... 

Economist calls for a proactive Iraq to pursuit false debt claims, protect DFI funds. Suggests deposting DFI funds in currency reserves to strengthen IQD

Posted by on Nov 22, 2013 | Leave a Comment

Calls for the central bank to take effective steps to restore the sovereignty of Baghdad called Economists Central Bank of Iraq to take effective steps towards the protection of Iraqi funds and to pursue a policy to ensure restoration of national sovereignty them especially after the hit Iraq more than $ 110 billion to creditors. confirmed in a statement to the (morning) the importance of studying the mechanisms capable... 

Laws are needed, deletion of zeros process 1 to 2 years to apply: Committee Member

Posted by on Nov 22, 2013 | Leave a Comment

Baghdad: News Network Iraq – ruled out of the Commission of Economy in the House of Representatives, the deletion of zeros from the Iraqi currency during the next two years, indicating that the deletion of zeros depends on stability, security, political and economic. A member of the Economic Committee Abdul-Hussein al-Husseini in an interview that “the time is [in]appropriate to delete the zeros of the Iraqi currency,... 

Bremer: Maliki asked U.S. to send ground troops to Iraq; admitted losing control

Posted by on Nov 22, 2013 | Leave a Comment

BAGHDAD – Iraq Press – November 21 / November: detecting the civil governor Former Iraq Paul Bremer that “Iraqi Prime Minister Nuri al-Maliki asked during his recent visit to Washington to send ground troops U.S. back to Iraq after pleading not control the situation in his country, noting that the administration U.S. and promised to study the matter. Bremer said during an interview televised pursued / Iraq Press... 

Turkey announces talks with Baghdad on a special account for oil revenue Kurdistan

Posted by on Nov 22, 2013 | Leave a Comment

Turkish government announced on Thursday it was in talks with the Iraqi government on the proposal provides for opening an account for the Kurdistan Region’s oil revenues, while hinted that talks are continuing to put the proposal into effect. alt Kurd leader revealed on Tuesday the first U.S. proposal for a Turkish province’s oil revenue-sharing between the Kurdistan region and the central government in Baghdad,... 

Iraq is facing the challenges of diversification of the economy

Posted by on Nov 22, 2013 | Leave a Comment

Iraq faces the challenge of how to achieve greater economic diversification despite the continued expansion of the exploitation of its oil resources, nor the Iraqi economy is still suffering structural weaknesses, such as the small size of the non-oil sector and the dominance of the public sector at all joints of the economy, and the lack of an enabling environment for doing business. He predicted «Qatar National Bank... 

Saleh supports continued use of currency auction; contributes to the stability of the exchange rate

Posted by on Nov 21, 2013 | Leave a Comment

They called to reconsider granting leave enter currency auction confirms experts and specialists need to reduce the effects of the parallel market to stabilize the market and the exchange rate of the dollar against the dinar, pointing to the importance of maintaining the experiences of economic participation in the auction currency. effects of the parallel market in this context called economic expert, Dr. Mohammed Saleh... 

Iraqs Finance Committee warns oil revenue distribution to citizens will increase inflation

Posted by on Nov 21, 2013 | Leave a Comment

Baghdad (newsletter). The parliamentary Finance Committee warned of the proposed allocation of oil revenues to citizens, it would increase inflation in the country would affect the federal budget. The Vice-Chairman of the Committee, said attorney Ahmed Faizullah (News Agency): the proposal made by some blocks distribution of part of the oil revenues to the budget will hurt people and the national economy by raising inflation... 

CBI Denies plans to drop zeros in early 2014; Confirms issuance of bonds will improve IQD

Posted by on Nov 21, 2013 | Leave a Comment

He denied the CBI, what some of the media, about the timing of the direct project restructuring of the Iraqi currency and deleting three zeros of them, stressing that such timing is Matrouh now that this project is in coordination with the government and related institutions. According to a statement of the Central Bank yesterday Sunday: picked up some of the media statements of a House of Representatives about the timing... 

UN: Ban hopes improved Iraq-Kuwait ties will expand

Posted by on Nov 21, 2013 | Leave a Comment

United Nations Secretary-General Ban Ki-moon late Tuesday expressed hope that the continued improvement in the Iraq-Kuwait relations would expand to include economic and cultural ties. In his periodic report to the Security Council on the work of the UN Assistance Mission for Iraq (UNAMI), Ban said he is “pleased with the continued improvement in relations” between the two countries, including Iraq’s allowing Kuwait... 

Deputy Prime Minister for Energy Affairs: Iraq’s economy to grow to 10% over 5 yrs; per capita income to rise

Posted by on Nov 21, 2013 | Leave a Comment

predicted Deputy Prime Minister for Energy Affairs Hussain al-Shahristani, Wednesday, the high rate of growth in Iraq to 10% over the next five years, at a time confirmed the high per capita income of Iraq to six thousand dollars, called for the need to rely on statistical data real and professional fee State policy. Shahristani said during a speech at the Fourth Scientific Conference of the statisticians Arabs held in... 

Deleting zeros strengthens and raises the value of dinar, says process would be complete by 2015: Economic committee member

Posted by on Nov 20, 2013 | Leave a Comment

  member of the Economic Commission parliamentary MP Hassan Salman, Sunday, that the process of lifting the zeros from the Iraqi currency will strengthen the dinar and raise its value, stressing that the process will be completed during 2015. said Salman for “tomorrow Press,” that “there are countries fought a process raise zeros and achieved success on the economic side, “adding that” raise the value of... 

CBI says time is not right to drop zeros in 2014; Rebuking previous CBI administration opinion, says Committee Member

Posted by on Nov 20, 2013 | Leave a Comment

Baghdad (news) .. I exclude a member of the Finance Committee MP / National Alliance / Abdul Hussein al-Yasiri, anapplication project to delete the three zeroes from the national currency in 2014, indicating that the current administration of the central bank believes the time is not suitable for implementation of the project. Yasiri said (of the Agency news): that of its parliamentary When I asked the previous administration... 

Iraq’s financial market will witness a quantum leap in 2014, says Chairman of the Securities Commission

Posted by on Nov 20, 2013 | Leave a Comment

Securities Commission and the Central urging banks to الاندراج in the stock market BAGHDAD – Farah pumice Traded 73 companies listed in the regular market for securities shares to record proportions between the rise and fall, which point rise in trading volume during the third quarter of this year than it is in the year 2012, so it came expectations specialists occurrence of a quantum leap in the financial market... 

Iraq Offers Longer Credit to India

Posted by on Nov 19, 2013 | Leave a Comment

The head of refineries at Hindustan Petroleum (HPCL) has told Reuters that Iraq is willing to double the credit period on crude sales to 60 days if Indian refiners buy more in 2014. “Iraq is very positive. They are willing to raise credit period to 60 days and waive off opening of letters of credit (LCs) provided volumes are increased.“ Iraq has stepped up sales to India after sanctions made trade with Iran difficult. He... 

Shell, Iraq, Near $11bn Petrochemical Deal

Posted by on Nov 19, 2013 | Leave a Comment

The Wall Street Journal reports that Shell and the Iraqi government are nearing a deal to build an $11-billion petrochemical facility in southern Iraq. In addition to its development of the Majnoon oil field, Shell also signed a $17.2-billion deal last year to collect natural gas from Iraq’s southern oil field production. The intention to move forward with a petrochemical plant follows a meeting between Iraqi Prime... 

Issues between Iraq, Kuwait solved by commitment, fulfilled by 2015 – Iraqi FM

Posted by on Nov 19, 2013 | Leave a Comment

KUWAIT, Nov 18 (KUNA) — All of Iraq’s outstanding issues with Kuwait have been resolved as result of the commitment of both and it will carry out all of its commitments in 2015, Foreign Minister Hoshyar Zebari said on Monday. This has been achieved through cooperation, mutual trust and good intentions to solve these matters along with resolutions and commitments on Iraq, he told reporters after arriving in Kuwait... 

Finance Committee Member: local currency bond issuance would improve the value of the Iraqi dinar

Posted by on Nov 18, 2013 | Leave a Comment

Finance Committee MP/Kurdish Alliance/smart Najeeb, the new Central Bank issue bonds in dinars within the Bank’s policy to improve the value of the Iraqi currency against other currencies. Najib said that the Central Bank’s previous titles were in foreign currency, the Bank of dinar bond issue not to restrict its work to other currencies. She added that the Bank will increase the bond order for five years and hopes... 

Raising zeros from the Iraqi currency strengthens and raises the value of dinar, says economic committee member

Posted by on Nov 18, 2013 | Leave a Comment

Tomorrow Press / Baghdad: Take member of the Parliamentary Economic Commission MP Hassan Salman, Sunday, that the process of lifting the zeros from the Iraqi currency will strengthen the dinar and raise its value, stressing that the process will be completed during 2015. Salman said “tomorrow’s Press,” that “there are countries engaged in the process of lifting the zeros and achieved success on the economic side,”... 

CBI tells Finance Committee it will try to raise zeros from IQD beginning in 2014

Posted by on Nov 18, 2013 | Leave a Comment

Central Bank has submitted to the Finance Committee zeros currency beginning of 2014 Told the Iraqi Central Bank, the Finance Committee in the House of Representatives that he will try to raise zeros from the currency beginning in 2014. Said committee member Abdul Hussein al-Yasiri in a press statement that “the application of the decision to lift the zeros, will contribute significantly to reducing the monetary blocs... 

Financial Committee Member: Central Bank told us lifting of the zeroes will start in 2014

Posted by on Nov 18, 2013 | Leave a Comment

a member of the parliamentary Finance Commission Abdul Hussein Al-yasiri, the Bank informed the Committee that he would try to raise zeros from the currency beginning in 2014. Al-yasseri said that “the decision to lift the zeroes will significantly reduce cash quarter blocks, which coincides with the rise in value of the Iraqi dinar.” Al-yasseri said the Central Bank is required to accelerate the implementation... 

CBI denies the restructuring of the Iraqi currency and deleting three zeros of 2014

Posted by on Nov 18, 2013 | Leave a Comment

Baghdad (news) .. denied the CBI, what some of the media, about the timing of the direct project restructuring of the Iraqi currency and deleting three zeros of them, stressing that such timing is Matrouh now that this project is in coordination with the government and related institutions . According to a statement of the Central Bank, received the Agency (news) a copy of it on Sunday: picked up by some media statements... 

Finance parliamentary: Budget delayed due to the continuation of discussions between ministers of the Kurds and the federal government over the contentious points

Posted by on Nov 16, 2013 | Leave a Comment

Attributed Finance Committee Alnielyh, Friday, reasons for delay in the federal budget, discussions with representatives of the Kurdistan Alliance and the federal government about the points of contention between Baghdad and Erbil, especially those related to entitlements oil companies operating in the Kurdistan region, and the possibility of merging Peshmerga Ministry of Defence. A member of the parliamentary Finance... 

New legislation needed to develop banks and transform to free-market economy, says Finance Committee Member

Posted by on Nov 16, 2013 | Leave a Comment

Baghdad (newsletter). He is a member of the Finance Committee MP/iraqiya Hassan Al-Bayati, the need for a new law to keep pace with the evolution of international banks to develop the work of the local banks. He said Al-Bayati (News Agency): the amendment to the Banking Act of 2004 new purpose because many legal loopholes was hindering the work of the local banks, especially in the use of modern technologies in banking. He... 

Kurdistan: World Bank subsidiary (IFC) to open office in its region

Posted by on Nov 16, 2013 | Leave a Comment

Arbil / News Network Iraq – announced the Kurdistan Regional Government’s intention to the International Finance Corporation (IFC), a member of the World Bank Group, to open an office in the Kurdistan Region. Said in a statement to the government today: that (IFC), the largest development institution global focus in particular on the private sector in the countries of the Middle East and North Africa, expressed during... 

Iraqi economists call for economic reform and an international effort to improve economic sectors

Posted by on Nov 16, 2013 | Leave a Comment

stressed the President of the Federation of Iraqi Chambers of Commerce Jaafar al-Hamdani on the need to develop plans openness deliberate on the blocks of the global economic which owns the technology and recent experiences. said Hamdani, in an interview for the “morning” that the country needs to the international effort in activating the activities of economic sectors, all of us, pointing out the importance... 

CBI signs contract to develop the retail payment and use of the e-card to the phone

Posted by on Nov 16, 2013 | Leave a Comment

Iraqi Central Bank announced on Saturday, has signed a contract with a consortium led by “Bpc” to create and develop the infrastructure for retail payment systems, pointing out that the contract will develop the retail payment process and the use of credit cards in the mobile phone. The bank said in a statement issued today, and received “Alsumaria News”, a copy of “Bank and through his quest for the development... 

Iraqi Kurdistan has finalized a comprehensive package of deals with Turkey to build multi-billion dollar oil and gas pipelines.

Posted by on Nov 15, 2013 | Leave a Comment

Reuters reports that the deals could see Kurdistan export some 2 million barrels per day (bpd) of oil to world markets and at least 10 billion cubic meters per year of gas to Turkey. During a recent visit to Istanbul by Kurdistan Regional Government (KRG) prime minister Nechirvan Barzani, both sides agreed on the fundamentals of the deals and mapped out technical details for a second oil pipeline and a gas route from... 

UN calls for sending international observers to oversee the upcoming Iraqi elections

Posted by on Nov 15, 2013 | Leave a Comment

Iraq’s election commission said, Wednesday, that the representative of the Secretary-General of the United Nations in Iraq Nikolai ميلادينوف, called on the international community and the European Union to send international observers to monitor the upcoming parliamentary elections in Iraq. A statement by the Modah elections, received “Awan” a copy of it, that “ميلادينوف and his... 

Deputy for the “Iraqi”: al-Maliki ordered the protection of foreign companies and they respect the privacy of the region

Posted by on Nov 15, 2013 | Leave a Comment

The member of the Iraqi List, Wednesday, companies operating in Iraq to respect the privacy and feelings of the region, stressing at the same time that the attack on the British engineer is not true, it is supposed to accommodate Islamic morality. The MP said Qusay al-Abadi, told the “Awan”, that “the foreign companies operating in Iraq to appreciate and respect the feelings of the region in which it... 

Parliament cancels Sunday session, starts its Legislation Recession

Posted by on Nov 15, 2013 | Leave a Comment

Baghdad (NINA) – Parliament’s Presidency decided to cancel its Sunday’s session and starts it Legislation Recession, as from Friday, Nov. 15. A statement to the press issues on Wednesday, Nov. 14, by the Speaker’s Office said that the recession starts as from Friday, Nov. 15, until Dec. 15, unless an extra ordinary session is called for to pass important legislation, such as the 2014 Budget. //  Read More →

Oglu’s visit to Baghdad opened a new page in relations between Iraq and Turkey

Posted by on Nov 14, 2013 | Leave a Comment

BAGHDAD / NINA / Iraq Foreign Minister, Hoshyar Zebari said the visit of the Turkish Foreign Minister, Ahmet Davutoglu to Baghdad opened a new page in relations between the two countries. He said in a joint press conference with Oglu on Sunday 10, Nov that: “The relationship between Iraq and Turkey witnessed a rigid and temporarily strained during the past two years , and this case is over now and we started a new... 

Iraqis abroad to participate in upcoming parliamentary elections, confirms Human Rights

Posted by on Nov 14, 2013 | Leave a Comment

The Ministry of Human Rights,announced Sunday , the Independent Higher Commission for Elections is coordinating with Ministry of Foreign Affairs ,over the necessary measures regarding Iraqis abroad participating in the coming elections. A statement by the Information Office of the Ministry of Human Rights received by Alforat News Agency Sunday cited ” Some of media have published news over election law ignoring... 

Parliament gives the government three days to send the budget bill before the legislative recess

Posted by on Nov 14, 2013 | Leave a Comment

Baghdad, granting the House of Representatives by the Iraqi government for 3 days to send the general budget for 2014 to the Council, as the deadline before the start of the legislative recess in the event of non-arrival of the budget in the prescribed period. The decision of the House of Representatives Muhammad Al-Khalidi in a news conference attended / Iraq Press /, said Tuesday that “if the non-arrival of the budget... 

Iraq delivers information to Kuwait on whereabouts of the remains of 30 missing soldiers

Posted by on Nov 14, 2013 | Leave a Comment

Supplied by the Iraqi government of the State of Kuwait list of [30] officers were working in the security services during the former regime are believed to have information on the remains of Kuwaiti citizens were executed mass graves in Iraq after the invasion of Kuwait in 1990. The Secretary-General of the United Nations Ban Ki-moon, in his first report to the Security Council on Monday since he canceled as international... 

CBI Governor: Iraq plans to issue bonds in local currency for the first time since the overthrow of Saddam

Posted by on Nov 14, 2013 | Leave a Comment

(Reuters) – Abdul Basit Turki Saeed Iraqi Central Bank Governor on Tuesday that Iraq plans to issue bonds in local currency for the first time since the overthrow of Saddam Hussein, which would allow the country’s new tool of monetary policy. told Saeed told Reuters on the sidelines of a conference in Geneva that the first issue of bonds is expected to be worth three billion Iraqi dinars ($ 2.58 million). , adding... 

UN: Sec General commends the efforts of search and extract the remains of Kuwaiti prisoners in Iraq

Posted by on Nov 13, 2013 | Leave a Comment

The report of the UN Secretary-General Ban Ki-moon which indicates that he was aware the Iraqi efforts to reach concrete results, including advertisements and observations concerning the missing Kuwaitis. BAGHDAD / obelisk: praised UN Secretary-General Ban Ki-moon mission efforts tasks search and extract the remains of prisoners in Iraq, noting that a specialized team from the Iraqi Ministry of Human Rights the search... 

Iraq Ministry of Finance is seeking to adopt the electronic system in banks

Posted by on Nov 13, 2013 | Leave a Comment

Baghdad, Sabah Ahmed Abed Rabbo , the Ministry of Finance to adopt labor-mail in government banks instead of the manual in collaboration with the World Bank within the project of restructuring the banks, while stressing the Land Bank that this process needs to control and audit electronic severe to prevent money laundering. Said Deputy Finance Minister Fadhil Abdul-Nabi statement (morning) that the ministry is currently... 

In preparation for the 2014 elections; Electoral Commission opens the voter registration update centers today

Posted by on Nov 13, 2013 | Leave a Comment

Allocated more than 155 billion dinars for the project electronic registration Baghdad morning announced the Electoral Commission for elections, it will be opened today, more of 1080 centers to update the voter register, as pointed out it has allocated more than 155 billion dinars to support the electronic registration which will be adopted in the coming elections. Chief electoral administration Mekdad Sharifi at a press... 

Economic Committee Member: Use of electronic financial transactions strengthens the country’s payments system

Posted by on Nov 13, 2013 | Leave a Comment

Confirmed a member of the Economic Committee MP / coalition in Iraq / Nora Bijari, that the spread of the culture of dealing with money-mail rather than cash contribute significantly to improving the system of payments and strengthen it. said Bijari (of the Agency news): The activation of the payment system by ironing card and the balance of Mobile maintains liquidity in the bank accounts and reduced cost transportation... 

Iraq submits request for Russia to provide satellite images of mass graves containing the remains of Kuwaitis

Posted by on Nov 13, 2013 | Leave a Comment

Iraq submitted a request to Russia for providing satellite images of mass graves committed by the former regime. The Secretary-General of the United Nations Ban Ki-moon in a report during a meeting of the UN Security Council on Monday that “the Iraqi Foreign Ministry waiting for a response from the Russian government regarding its request images via satellite to mass graves dating back to the years 1990 and 1991.” Moon... 

Maliki confirms the government’s readiness to support the oil companies operating in Iraq to complete their projects

Posted by on Nov 13, 2013 | Leave a Comment

Baghdad (news) .. Prime Minister Nuri al-Maliki during a meeting with the Chairman and Chief Executive Officer of Shell Oil, Peter Voser ready the Iraqi government to support companies operating in Iraq, including the shell so that they can complete their projects as soon as possible. statement said Maliki’s office received the Agency (news) a copy him: that contracts the company in the field of gas production and doubling... 

Adoption of the law of parties after the passage of the budget

Posted by on Nov 12, 2013 | Leave a Comment

Congress assert the “morning” that attempts to destinations to block legislation BAGHDAD – morning seeking the House of Representatives to end differences on the law of parties and voting on it after the passage of the general budget for the year 2014, according to uncover the source of a parliamentary early “morning.” the source said: “The Presidency House of Representatives told the parliamentary blocs all... 

OPEC: We Expect To Lose About 8% Of Our Share In The Global Oil Market Over The Next Five Years

Posted by on Nov 12, 2013 | Leave a Comment

BAGHDAD / News Network Iraq – predicted the Organization of Petroleum Exporting Countries [OPEC], to lose about 8% of its stake in the global oil market during the next five years, with the growing production of oil shale in North America. Predicted the Organization in its annual report, the decline in demand for its oil about one million barrels per day until 2018. Analysts said the flurry of oil shale will adversely... 

MP Nassif calls for Iraq to take more pivotal role at UN; Also calls for follow-up on frozen Iraqi funds

Posted by on Nov 12, 2013 | Leave a Comment

MP for the coalition called the Iraqi Free high Nassif and the Ministry of Foreign Affairs to integrate Iraq to the international community and get the entitlements in the seats of the committees of the United Nations and follow-up of frozen Iraqi funds. She told him the Information Office of the coalition: “Despite the passage of more than 10 years to change Iraq remains the country is moving in the international community... 

Economist explains some economic laws are in place, however GOI fails to apply or adopt correctly

Posted by on Nov 12, 2013 | Leave a Comment

Baghdad (news) .. Said economic expert Majid picture, that the problem in the economic laws are applied and activated, not at her age, indicating that the Consumer Protection Act passed two years ago but did not work. said Suri (of the Agency news): The Consumer Protection Act, although passed two years ago But he suffers from many shortcomings prevented the application, adding that the application of the laws of economics... 

Parliament member says, New election law will likely lead to some political changes

Posted by on Nov 11, 2013 | Leave a Comment

Praised a member of the Committee of the Regions parliamentary and provincial Iqbal coracoid electoral law and said it includes all the ingredients and there is no political marginalization or exclusion except for not abuse the Kurds with Faili Kurds and give them their entitlement just like any other minorities. “ Coracoid said in a statement received by the agency all of Iraq [where] a copy of “some small blocks... 

Economist warns of Iraqi budget shortfall due to low oil revenue production

Posted by on Nov 11, 2013 | Leave a Comment

Baghdad (newsletter). Excluded Economist Mohammed dargham, a financial abundance in the current year’s budget for the implementation of projects stalled, indicating a lack of financial income due to lack of oil production. He Mehmet Ali (News Agency): oil output this year was below expectations, and the lack of a budget deficit next year because consumption of all madorat the reserves can finance the budget. He continued... 

Economic Committee member favors small banks integrating; Ensures survival and economy

Posted by on Nov 11, 2013 | Leave a Comment

10-11-2013 04:41 AM Baghdad (newsletter). He welcomed the Economic Committee member MP/Kurdish Alliance/j. shankali, the idea of integration of small private banks to ensure their survival and to compete for the global economy. Said shankali (News Agency): small banks to merge and make it a giant step good serve investors who need large sums to support their projects that small banks cannot provide them with limited capital... 

Laws in Iraq need amending to stop restrictions on private banks, says director of the International Centre for Consulting and Studies

Posted by on Nov 11, 2013 | Leave a Comment

Mana: private banks move to amend their laws restricting 11/09/2013 12:00 AM He stressed that Iraq would emerge from Chapter VII chance her called the director of the International Centre for Consulting and studies to the need to reconsider, revise and amend the law on banks, leading to the liberation from the constraints in order to be launched towards the strengthening of the capacity of the national economy and rise... 

Newspaper: Kurdistan is seeking independence with the aid of Turkey; U.S. expresses concern

Posted by on Nov 11, 2013 | Leave a Comment

The newspaper said Washington Post of America said that “the Kurdistan region is looking forward to realizing the dream of the long-awaited independence with the help of Turkey, at a time when the rest of Iraq a wave of violence and bombings.” The newspaper pointed out in its report that “the Kurdistan act already in many aspects as a sovereign state, providing the Kurdish authorities all public services, and leads... 

Central Bank signed a contract with “BBC” for the implementation of retail payment systems

Posted by on Nov 11, 2013 | Leave a Comment

Tomorrow Press / BAGHDAD: Iraqi Central Bank, on Saturday, has signed a contract with bpc British company to set up and update the retail payment systems and the development of the infrastructure of the Iraqi banking system. The governor of the Central Bank and Abdul Basit Turki agency’s “Tomorrow’s Press,” that “the contract includes the implementation of a project payment and introduced in the retail banking... 

Iraq: Parliaments next meeting held on November 17th

Posted by on Nov 09, 2013 | Leave a Comment

The Presidency of the Council of Representatives announced on Friday to postpone the planned its next meeting, on Wednesday, to 17 of the current month of November. A statement by the Presidency of the Council received a (Presse term) a copy of it, that “the Presidency of the Council decided to postpone the meeting of the Council scheduled for Wednesday, 13/11 and on Sunday, 17.11.2013.” The House of Representatives... 

As a result of damage to paper currency .. Re-use of mineral claims for small monetary categories

Posted by on Nov 08, 2013 | Leave a Comment

Ali Abdul-Hussein As a result of damage to most of them, can not maintain their quality for a long period of use, has become the currency with small groups into grumbling and resentment of the citizens as a result of digging majority, thus opening the door to calls for restoration of the coin for these categories of money they are not affected by various factors that are exposed during circulation for long periods. To... 

Iraq enhances free market policies, says Shahristani

Posted by on Nov 08, 2013 | Leave a Comment

Baghdad/ Aswat al-Iraq: Iraqi deputy premier Hussein al-Shahristani stressed that the government is enhancing the policies of free markets through new economic laws that will meet world economic openness. He added that these measures will encourage direct or indirect foreign investments in Iraq. In his address in the Iraqi-South Korean Investment Conference, held in Seoul, he disclosed that trade exchange with South Korea... 

Finance Committee Member: House of Representatives responsible for the failure of the banking sector

Posted by on Nov 08, 2013 | Leave a Comment

Baghdad (news) .. Download a member of the Finance Committee MP / coalition of Kurdish blocs / Dler Qadir, the Iraqi parliament responsibility for failure of the banking sector, not being able to enactment of the necessary local banks to develop their work. said is capable (of the Agency news): The CBI does not assume responsibility back winning the work of the banking sector, because it’s obligations and busy now how... 

Iraq Finance Minister meets with World Bank over bank restructuring project

Posted by on Nov 08, 2013 | Leave a Comment

Shukri looking with the World Bank stages of completion of project restructuring of State-owned banks. 08/11/2013 16:22:00 BAGHDAD / Nina /– Finance Minister Ali Yousef Shukri by interim discussed with a representative of the World Bank the mechanisms and controls the restructuring of State-owned banks in Iraq. According to a source in the ministry said in a statement told the National Iraqi News / Nina / “Shukri... 

An expert in Iraqi affairs: “There will be a light at the end of the long tunnel of Iraq”

Posted by on Nov 08, 2013 | Leave a Comment

U.S. sees a specialist on Iraq, Michael Knights It optimistic than pessimistic, asserting that “Iraq’s long tunnel, it will be at the end of the light.” The Knights, an expert at the Washington Institute for the Near East, said that “after 20 years, I think that Iraq would be out of the current ordeal, and will be a leading country, tolerant and open.” He said that “a lot of media images about the problems... 

Allawi: Maliki’s candidacy for a third term blow to democracy

Posted by on Nov 08, 2013 | Leave a Comment

Haider Ali Jawad – 11/07/2013 Saw the official spokesman for “Iraqi National Accord Movement” led by former Prime Minister Iyad Allawi to talk about re-nominate the President of the current government Nuri al-Maliki for a third term: “a blow to the foundations of democracy fragile, and does not help to support the stability which is a political consensus and one of the most important Mrtkzach, puts the frenzied... 

Minister of electricity calls for new U.S. bank to finance projects through his ministry and boards

Posted by on Nov 07, 2013 | Leave a Comment

the new Iraqi Minister of Electricity Karim Al Aftan U.S. banks financing the electricity sector projects through the U.S. Embassy in Baghdad. The Minister of Electricity Karim Aftan engineer, he made a covenant at the same rate of advancement of electric power system in the country, expressing optimism about the future of the electricity sector. This came during a meeting Aftan Ambassador James Jeffrey and his accompanying... 

Iraq’s decision to stop dealing with Western Union could cause upheaval in currency market and affect reputation, development says economist

Posted by on Nov 07, 2013 | Leave a Comment

Central Bank’s decision to stop dealing with “Western Younine” cause upheaval in the currency market BAGHDAD – Iraq Press – November 6 / November: Stop the Iraqi Central Bank to deal with the company “Western Younine” It is a global company through which they can transfer money to all over the world, and is working to provide commercial services safe and fast way to convert cash and owns about 270 thousand... 

Finance Committee calls for the government to end its problems with the Kurdistan before the draft federal budget assignment

Posted by on Nov 07, 2013 | Leave a Comment

parliamentary Finance Committee asked the federal government to resolve all official books of financial problems with the Kurdistan Regional Government before the assignment of the draft federal budget for 2014 to the House of Representatives. Committee member said Najiba Najib’s “Twilight News”, “We in the Committee we made a formal request to the government spends resolving the financial problems with the Kurdistan... 

Instead of exported .. Iraq imports electricity from Iran

Posted by on Nov 06, 2013 | Leave a Comment

Iran agreed to the request of Iraq by providing electricity card Said Assistant Secretary of Iran’s energy and electricity هوشنغ Vlahtian in a press statement that “Iraq has recently submitted a request to increase electric power imported from Iran, by 500 MW, and that Iran had agreed in principle to this request.” The statement came Iranian official Iraq’s request to increase electric power... 

Chalabi: Iran’s role in Iraq, Ashraf at the end and the Arabs to change their aggressive approach

Posted by on Nov 06, 2013 | Leave a Comment

Chalabi called on Arab states to change the approach on the ground with respect to their relationship with Iraq, reminding the Arabs that Iraq will be your big daddy and economic cooperation in all fields BAGHDAD / obelisk: Expect Ahmad Chalabi role regionally onwards to Iraq in the next phase, adding that “Iraq can send signals influence rising, especially since he has the papers of many, can maneuver regionally. said... 

Biden welcomes the adoption of Iraq election law and praises led by al-Maliki and Najafi and Barzani

Posted by on Nov 06, 2013 | Leave a Comment

// was Vice President, for his country’s welcome to pass Iraq’s election law, saying that the consensus that happened today showed the power of democratic institutions in Iraq, praising led by Prime Minister Nuri al-Maliki and parliament speaker Osama al-Nujaifi and Kurdish regional President Massoud Barzani. said Joseph Biden In a statement posted on the U.S. Embassy in Baghdad, seen by “Alsumaria News”, “The... 

United Nations welcomes the adoption of the electoral law and urges the creation of a stable environment for elections

Posted by on Nov 06, 2013 | Leave a Comment

Welcomed the United Nations Mission in Iraq [UNAMI] approval of the House of Representatives for the new election law. A statement by the UNAMI Agency has received all of Iraq [where] a copy of it today that “Nations Special Representative of the Secretary-General of the United Nations in Iraq, Nikolay Mladenov congratulated the House of Representatives to pass the law of national elections yesterday, said that the... 

Iraq In The Coming Years Will Be A Market-Oriented Banking In New Economic Activity

Posted by on Nov 06, 2013 | Leave a Comment

BAGHDAD / News Network Iraq – Expect representative of Iraqi banks in the Economic Committee of the Council of Ministers, chairman of the North Bank for Finance and Investment Nawzad David Dry, Iraq to be during the next few years, market banking with new trends in economic activity, leads the private banking sector role centrally complies with the features of a strategic sector for the future. today: “This expectation... 

Expert: application of the Basel standards rise the performance of the Iraqi banks

Posted by on Nov 05, 2013 | Leave a Comment

Baghdad – Mostafa Hashemi counting expert bank standards Basel banking in Iraq from the good things that drive to achieve stability through the creation of fair competition between government and private banks through the services provided by these banks to citizens. and said banking expert Samir النصيري to apply the terms of the Basel in Iraq between the central bank and other banks would improve the performance... 

Finance Committee calls on the Government to adopt an economic plan for sustainable development in the country

Posted by on Nov 05, 2013 | Leave a Comment

04-11-2013 10:33 AM Baghdad (newsletter). Member of the Finance Committee, a Deputy from the Kurdistan blocs Coalition//Jimmy, to the need to adopt an economic plan to support the private sector and other productive sectors to achieve sustainable development in the country. He said sources (News Agency): that Iraq lacks a clear economic plan and good despite the many plans being developed by the Ministry of planning and... 

Iraqi parliament voted to ratify election law

Posted by on Nov 05, 2013 | Leave a Comment

House of Representatives voted to ratify the election law after a long labor and debates between the blocks that lasted several months. The vote came on the ratification law after being approved to determine the number of seats by 328 seats in its upcoming 2014 election and ensure determine quota seats eight seats spread over five seats for Christians and providers and one for each of the Shabak, right and Yazidis. “ According... 

Banking expert Basel banking standards should apply in Iraq to improve performance and adopt international standards

Posted by on Nov 05, 2013 | Leave a Comment

Expert: application of the Basel standards rise the performance of the Iraqi banks   Baghdad – Mostafa Hashemi counting expert bank standards Basel banking in Iraq from the good things that drive to achieve stability through the creation of fair competition between government and private banks through the services provided by these banks to citizens. And said banking expert Samir النصيري to apply the terms... 

Iraq 2014 Election News: Iraq VP sets parliamentary polls for April 30, 2014

Posted by on Nov 04, 2013 | Leave a Comment

AFP – Iraq’s vice president announced Monday that parliamentary polls will be held on April 30, 2014, confirming an earlier parliament decision, though lawmakers have yet to approve rules governing the election. //  Read More →

Oil & Energy Committee Member: HCL Law to be introduced next session, after not reaching agreement this session

Posted by on Nov 04, 2013 | Leave a Comment

Hamidi: we do not reach an agreement on oil and gas law and will be deported to the next session Confirmed by the Commission on oil and energy parliamentary Fatima Hamidi said that “its not reach agreement on oil and gas law and will be deported to the next session. She said Hamidi {Euphrates} Saturday that “the political blocs have not agreed on the enactment of the oil and gas, which is one of the important laws... 

Iraq participates in 3rd round of WTO negotiations as a prelude to accession to the World Trade Organization (WTO)

Posted by on Nov 04, 2013 | Leave a Comment

Baghdad, Ahmed Abed Rabbo plans to the Ministry of Commerce access round the negotiating third special file of trade in goods and for the accession of Iraq to the World Trade Organization, called upon the Ministry of Planning, the concerned government authorities to provide special requirements to join. said Director of the Department of Foreign Economic Relations at the Ministry of Trade Hashim Mohammed Hatem “morning... 

Finance Committee Member calls for restructuring of the Iraqi currency

Posted by on Nov 04, 2013 | Leave a Comment

A member of the Finance Committee called MP Najiba Najib to the need to restructure the Iraqi currency; because the current currency is in line with the size of the Iraqi state revenues and cash currency in circulation and investment which will hopefully happen in the coming period. It showed Najib said in an interview transferred reporter, “news agency, Iraqi”: “The currency does not suffice; because traders, whether... 

Specialists: Iraq lacks a clear economic policy and economic reform legislation is needed

Posted by on Nov 04, 2013 | Leave a Comment

Baghdad (News)/report/bahtik/… Although Iraq has immense natural wealth and human and material potential high economic policy still floundering and not specific to any trend going, they turn towards a free market economy or a totalitarian centralized economy. Where a number of economists and competent that Iraq lacks a clear economic policy, although the State claims that the economy has turned into open market however... 

Parliament continues its debate on election law

Posted by on Nov 04, 2013 | Leave a Comment

The meeting will also include the continuation of the second reading of the law of contract, and the first reading of the proposed law Kirkuk Provincial Council elections Baghdad / Mesalla: the Iraqi Council of Representatives began headed by Osama Najafi its complementary yesterday in order to Altusit the Parliamentary Elections Act, and the continuation of the second reading of the Unified Retirement Act. A parliamentary... 

Citizen bloc in the House of Najaf calling for the presidency of the Council citizen involvement in the preparation of its annual budget

Posted by on Nov 02, 2013 | Leave a Comment

Citizen bloc in the House of Najaf calling for the presidency of the Council citizen involvement in the preparation of its annual budget Ali الضرغام – 10/31/2013 – 9:11 pm | Asked a member of the provincial council in Najaf on the mass of the citizen Sana al-Moussawi Give an opportunity for citizens in the province to prepare and draw its annual budget and be involved with the committees of municipal... 

Investment Kurdistan: the size of investment in the region totaled $ 31 billion, Turkey and the United Arab Emirates at the forefront of countries investing

Posted by on Nov 02, 2013 | Leave a Comment

Investment Kurdistan: the size of investment in the region totaled $ 31 billion, Turkey and the United Arab Emirates at the forefront of countries investing Ali Salman – 11/01/2013 – 9:57 p | The investment in the Kurdistan Region, on Wednesday, that the volume of investment in the region amounted to more than $ 31 billion, and confirmed that the number of investment projects reached 607 projects, while pointed... 

Kurdistan Region to construct a second oil pipeline to Turkey

Posted by on Nov 02, 2013 | Leave a Comment

Kurdistan Region to construct a second oil pipeline to Turkey Erbil (NINA) – Kurdistan Region announced its intention to construct a second oil pipeline to Turkey with a daily capacity of one million barrels a day. In a conference on the Oil Sector being held in Istanbul, Turkey, the Region’s Minister of Natural Resources, Ashti Hawrami, said on Thursday, Oct. 31, that the Region intends to construct, within 18... 

Zebari Receives Belarusian Delegation

Posted by on Nov 02, 2013 | Leave a Comment

Posted on 31 October 2013 Minister of Foreign Affairs, Hoshyar Zebari, recently received the Undersecretary of the Belarusian Ministry of Foreign Affairs, Valentine Rybakov, and the Head of the of Africa and Middle East Department at the Belarusian Ministry of Foreign Affairs, Igor Alexandrevich. The meeting discussed relations between the two countries and strengthening political, economic, trade, education and agriculture... 

Afren Updates on Iraqi Operations

Posted by on Nov 02, 2013 | Leave a Comment

Shares in Afren were trading up more than 3 percent on Thursday afternoon following the release of the company’s Interim Management Statement, which included the following update on its Iraqi operations: Barda Rash On 8 July 2013 Afren commenced preliminary crude oil sales from the Barda Rash PSC to the local market. Gross average production has been ramped up from the initial 1,300 bopd to approximately 2,000 bopd... 

Deputy Prime Minister for Economic Affairs Roژ Nuri Shaways calls for openness to the world market and support free trade between Iraq and around the world

Posted by on Nov 02, 2013 | Leave a Comment

Deputy Prime Minister for Economic Affairs Roژ Nuri Shaways calls for openness to the world market and support free trade between Iraq and around the world Ali Salman – 11/01/2013 – 9:59 p | Deputy Prime Minister for Economic Affairs Roژ Nuri Shaways, that terrorism has become a global phenomenon that requires increased international cooperation to combat and eradicate it, called for the need of openness... 

Iraq is working to increase its share of the Asian oil market

Posted by on Nov 01, 2013 | Leave a Comment

Oil industry sources said on Monday that Iraq pledges easier payment terms for buyers with Asians seeking to increase its share in the key Asian market to market its growing exports. And led the race to attract customers Asians already to increased competition between Saudi Arabia and Iraq’s largest oil producers in OPEC with the challenge of Baghdad to Riyadh in prices early in the year. And oil sources said that... 

Iraqi legislation providing legal guarantees for international companies to work in Iraq

Posted by on Nov 01, 2013 | Leave a Comment

alsumaria Alsumaria News / Baghdad Deputy President Khodair al Tuesday that Iraqi legislation provides legal guarantees for companies global investment to work in Iraq, expressing his welcome and support for the entry of Korean companies to work in Iraq, as expressed Ambassador Korean her country’s desire to develop relations with Iraq. said Alkhozai On the sidelines of a meeting in the library of Baghdad Goodwill... 

Iraqi government contract with a German company to issue smart card standard

Posted by on Nov 01, 2013 | Leave a Comment

In an effort to shorten the routine in state institutions, the Iraqi government contract with a German company to issue smart card statements. , in a move to shorten the routine happening in the state institutions and the dimensions of the manipulation of documents important and enhance security and ensure the functioning of the electoral process properly, contracted by the Iraqi government with the company German to... 

Senior banker: the high exchange rate of the dollar against the dinar affects the operation of the country’s economic

Posted by on Nov 01, 2013 | Leave a Comment

Economic 11-1-2013 1 Baghdad (news) .. Said banking expert Majid picture, the fluctuation of exchange rate of the U.S. dollar affects the economic process as a whole, because of the interdependence between the Iraqi economy and the dollar. said Suri (of the Agency news): The rise and fall in the U.S. dollar exchange rate adversely affect the Iraqi economy, because of all exports and Allwaradat Iraqi evaluate the dollar,... 

High dollar exchange rate for the dinar affects the country’s economic

Posted by on Nov 01, 2013 | Leave a Comment

  Baghdad (newsletter). Banking expert said Majid mock, the US dollar exchange rate fluctuations affect the entire economic process, because of the interdependence between the economy and the dollar. Mock said (News Agency): the rise and fall in the dollar exchange rate negatively impact the economy of Iraq, because the Iraqi walwaradat evaluated all exports in dollar terms, the volume of imports for Iraq amounted... 

Editorial: Will the CBI will be able to address the low value of the dinar?

Posted by on Nov 01, 2013 | Leave a Comment

Baghdad, Mustafa Habib At the door of the Rafidain Bank, the government stands hundreds of people in a long queue to buy the dollar after the bank allowed every Iraqi intended to travel to purchase 5,000 dollars at a subsidized price from the Central Bank of Iraq and the value of 1900 dinars per dollar. Iraqi dinar is witnessing weeks ago marked decline against the dollar value returned by economists and Vice specialists... 

After 22 years and two wars Debt burdens Iraq

Posted by on Nov 01, 2013 | Leave a Comment

Iraq’s debt declined after the 2003 invasion (European) Fadel Meshaal – Baghdad Conflicting numbers he is talking about officials, experts and parliamentarians in Iraq, about the size of the remaining debt on the state. Financial expert says it is up to about thirty billion dollars, of which nine billion to Saudi Arabia and six billion to Kuwait and $ 15 billion to creditors scattered, after the Paris Club canceled... 
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