Politician warns International Monetary Fund may intervene because of the huge deficit in the 2014 budget

Posted by on Dec 31, 2013 | Leave a Comment

Future News / MP for the coalition warned / united / Knight Sangaree the likelihood of intervention of the International Monetary Fund and his imposing certain actions on Iraq in light of the large deficit in the fiscal budget for next year. He said in a press statement today that: “As a result of the existence of economic problems in the budgets of previous years and the introduction of a lot of things that we do not... 

Analyst: delete zeros from Iraqi dinar needs a political decision

Posted by on Dec 30, 2013 | Leave a Comment

Still citizens waiting to start implementing the project to delete the zeros of the Iraqi dinar for several reasons, perhaps the most important of which is the security aspect in the interaction between individuals, as many traders dealing in dollars for the lack of size of the money supply, compared to the Iraqi currency. member of the Finance Committee in the House of Representatives Abdul Hussain al-Yasiri see that... 

Maliki, Barzani agree to settle all outstanding issues

Posted by on Dec 30, 2013 | Leave a Comment

Baghdad (NINA) – Prime Minister Nuri al-Maliki and Prime Minister of Kurdistan Region, Nechirvan Barzani, agreed on settling all outstanding issues between the Region and the Center. Informed source told NINA on Wednesday, Dec. 25, that Maliki met with Nechirvan Barzani discussing outstanding issues between the Region and the Center; and they have agreed on general settlement. Prime Minister of Kurdistan Region, Nechirvan... 

Economic Committee Member says, no zeros to drop from currency through the next 2 years

Posted by on Dec 30, 2013 | Leave a Comment

Economic Finance Committee exclude the application of the project to delete the three zeroes through the next two years 26-12-2013 08:51 AM Baghdad (news) .. Excluded the parliamentary Finance Committee application project to delete the three zeroes from the currency during the next two years because it would cause confusion for the Iraqi economy and increasing inflation rates of the country ‘by Ray Committee’. said Committee... 

Bank of International Settlements agreement to take Iraqi deposits is an achievement and will benefit Iraq

Posted by on Dec 30, 2013 | Leave a Comment

One indicator of his return to the focus of attention of the world The economist said the appearance of Dr. Mohammed Saleh, said that the Bank of International Settlements, accept deposits from Iraq will benefit the country through capital investment projects, financial investments. Was the Bank for International Settlements (BIS) which is an acronym for the Bank for International Settlements)) may feel the CBI Sunday... 

Iraqi politicians and economic experts agree with IMF warnings over oil dependence

Posted by on Dec 30, 2013 | Leave a Comment

MPs and experts in favor of warnings from the International Monetary Fund Iraq’s dependence on oil Warned parliamentarians, economists and oil, last Sunday, of the consequences of Iraq’s dependence entirely on oil, and have expressed their support for the report by the International Monetary Fund on the performance of the local economy, and while confirming the parliamentary Finance Committee that they had already... 

International economic expert: restructuring the currency does not offer nor delay the project to delete the zeros and provides a service to the Iraqi currency

Posted by on Dec 26, 2013 | Leave a Comment

Counting the international economic expert on behalf of Jamil Antoine restructuring of the Iraqi currency does not offer nor delay on the economy, noting that the project to delete the zeros provides a service to the Iraqi currency. He said that “the zeros in the currency increases the mattress decimal point, and this would get tired accountants because of the large amounts that are trading, as the, the fallibility... 

Economic Committee: Iraq has great balance and no need for international loans

Posted by on Dec 26, 2013 | Leave a Comment

Baghdad (newsletter). The parliamentary Finance Committee, stressed that Iraq is not in need of international financial loans, indicating that loan by the World Bank and the (355) million dollars for Iraqi economic policy link. The Vice-Chairman of the Committee, said Ahmed Faizullah (News Agency): that Iraq possesses very large financial budget estimated at more than 174 trillion dinars and has enormous oil reserves... 

Bank for International Settlements shows more willingness to accept deposits from Iraq

Posted by on Dec 26, 2013 | Leave a Comment

Expressed the Bank for International Settlements, on Sunday, his willingness to accept more deposits Iraq has within the budget of the bank for the year 2014. According to a statement of the Central Bank, that “the Iraqi Central Bank has received notice from the Bank for International Settlements in Basel, in which he expressed his willingness to accept more deposits Iraq has within the budget of the BIS in 2014.” He... 

Economic Committee Member expects zeros to drop from currency by early 2015

Posted by on Dec 23, 2013 | Leave a Comment

Member of the Committee expected the economy and investment representative Aziz Sharif al-mayahi project raise zeros from the local currency early 2015. The Central Bank of Iraq more than two years studying the issue of lifting the zeros of the Iraqi currency but until now did not take firm decision on this matter. Mayahi said each agency Iraq IGN today that “raise zeros from the local currency has no negative impact... 

About the Issuance of a New Iraqi Currency

Posted by on Dec 23, 2013 | Leave a Comment

CBI seeks to delete three zeros from the Iraqi currency since 2003. A project that raises many concerns on the street level and the business community of Iraq, and it seems economists are divided between supporters of the project see it as an opportunity to reduce the rates of inflation and unemployment, among forewarned of economic shocks may dominate the Iraqi market due to the application of this project. The delayed... 

Deletion of Zeros would reduce spread of counterfeit currency

Posted by on Dec 23, 2013 | Leave a Comment

Urged the Economic Committee in the House of Representatives stakeholders from the central bank and security departments, placed on attention to counterfeiting because of their negative effects on the country’s economy, as an economist downplayed the significance of it being very limited. A member of the Economic Commission MP Amer Al-Fayez, warned of the seriousness of the impact of counterfeiting on the economy of... 

UN Sec General satisfied with Iraq’s cooperation regarding Kuwaiti compensation and oil metering

Posted by on Dec 21, 2013 | Leave a Comment

UN Secretary-General Ban Ki-moon on Thursday expressed his satisfaction that Iraq continues to deposit five percent of its oil revenues to the Compensation Fund, in accordance with relevant UN Security Council resolutions, to pay the victims of the 1990 Iraqi invasion of Kuwait.   “I would like to express my ongoing appreciation to the Government of Iraq and the Iraq Committee of Financial Experts (COFE) for their... 

Kuwait and Iraq will discuss the implementation mechanism of the oil agreement

Posted by on Dec 20, 2013 | Leave a Comment

Announced Foreign Ministry Undersecretary Ambassador Khalid Al-Jarallah visit is very close to the Minister of Iraqi oil to Kuwait He pointed out that during the visit will be discussed a mechanism for the implementation of the oil agreement, which was signed earlier between the two sides. According to newspaper reports. Jarallah said on the sidelines of the Qatar National Day celebration that «the oil fields is an important... 

Iraq takes steps to develop its banking system

Posted by on Dec 20, 2013 | Leave a Comment

The Iraqi parliament has authorised the establishment of an institute for financial and banking training to develop the skills of government banking sector employees and bring them up to date with the latest electronic systems and technologies.   “Despite the enrolment of a number of their staff members in training courses and programmes inside the county and abroad, Iraqi banks are still in need of further efforts... 

IMF: Iraq reflects positive economic development & economic growth acceleration

Posted by on Dec 20, 2013 | Leave a Comment

A report prepared by experts at the International Monetary Fund Article IV Consultation with Iraq in 2013, which took place in the first quarter of the year 2013 in Amman, Jordan, that “in spite of the circumstance of the Iraqi difficult, the economic developments generally positive and has seen economic growth acceleration, At the same time did not hide his report the risks resulting from the decline in the level... 

UN Sec General satisfied with Iraq’s cooperation regarding Kuwaiti compensation and oil metering

Posted by on Dec 20, 2013 | Leave a Comment

NEW YORK, Dec 19 (KUNA) — UN Secretary-General Ban Ki-moon on Thursday expressed his satisfaction that Iraq continues to deposit five percent of its oil revenues to the Compensation Fund, in accordance with relevant UN Security Council resolutions, to pay the victims of the 1990 Iraqi invasion of Kuwait. “I would like to express my ongoing appreciation to the Government of Iraq and the Iraq Committee of Financial... 

The government set a imported goods covered by the law of customs tariff

Posted by on Dec 19, 2013 | Leave a Comment

Alsumaria News / Baghdad, Iraq’s cabinet decided on Tuesday, to approve the agenda imported goods covered by the application of the customs tariff law, decided to exempt a project to replace elevators City of Medicine of the Implementing Regulations of government contracts. said the General Secretariat of the Council of Ministers said in a statement, issued today, and received “Alsumaria News , “a copy... 

Japan appoints new ambassador to Iraq

Posted by on Dec 19, 2013 | Leave a Comment

The Japanese government announced on Tuesday appointed director of management and coordination of the former Ministry of Foreign Affairs Kazuya Nascida a new ambassador to Iraq instead of Masato Takaaka, while pointed out that the Ambassador will receive his duties next Thursday. The news agency Kyodo in the news briefed him (range Press), “The Japanese government has decided to appoint a diplomat, former director... 

Conference for the demarcation of the maritime border with Kuwait and Iran

Posted by on Dec 19, 2013 | Leave a Comment

Nasraoui visit Saudi Arabia after Kuwait .. Basra is seeking to attract investment Basra – Saad Al-Sammak revealed the governor of Basra Majed Nasraoui closely conference for the demarcation of the maritime border and set up buoys with both Kuwait and Iran, according to the laws of the hybrid. comes at a time when it was announced Nasraoui closely to visit Saudi Arabia to discuss the prospects of investment after the... 

Experts: Iraq and Kuwait that could mark a major economic power

Posted by on Dec 19, 2013 | Leave a Comment

because of the enormous potential and raw materials and geographical location to Iraq and Kuwait, experts found the possibility of the country a major economic power in the region. According to the economic expert Tawfik inhibitor, there is a possibility of that, despite his assertion that it requires time and effort. said Mani told (morning): “We must give equal opportunities between the two countries, because Kuwait... 

CBI to host its annual conference in Dubai in January 2014

Posted by on Dec 18, 2013 | Leave a Comment

Iraqi Central Bank announced on Tuesday, for the organization (the Second Annual Conference of the financial sector in Iraq), the end of January 2014 the next in the Emirate of Dubai, in line with the growing strength of the growth of economic development in the country, noting that the conference aims to display his strategy for financial and economic development, and attracting investments and foreign banks for the... 

Iraq, Kuwait sign letter of understandings: Geography, economics elevate political coordination

Posted by on Dec 18, 2013 | Leave a Comment

Seeks two neighboring countries, Iraq and Kuwait to overcome the effects of past painful, and highlights them, the Iraqi invasion of Kuwait in the era of the former regime Aallgay 1991. In a sign of the relations between the two countries to their overriding a lot of differences, particularly the border, and reparations to Kuwait in the last period. According to Kuwaiti media, on Tuesday, said that “the meeting of the... 

Economist offers proposals to address Iraq’s economic challenges

Posted by on Dec 18, 2013 | Leave a Comment

adviser said the Iraqi Institute for Economic Reform, Dr. Ahmed al-Husseini: The Iraq today suffers from challenges burdened economy, the problems of countless proposed a number of solutions reformist to contend with. said in a statement to the (morning) that failure to meet these challenges – according to a recent study prepared by the World Bank recently – has led to the deterioration and failure of the reality... 

Finance Committee Member projects 2014 budget will be sent to parliament this week

Posted by on Dec 18, 2013 | Leave a Comment

Ahmed Mohamed parliamentary Finance Committee announced that the government will send a draft law on the federal budget to the House of Representatives during the current week. She said the adoption of the budget discussions will take two months at least. Committee Chairman MP Haider al-Abadi’s «future» yesterday that according to our information, the draft general budget of the federal government will reach to parliament... 

Iraq and Kuwait sign two agreements for the promotion and protection of investment and tourism cooperation

Posted by on Dec 17, 2013 | Leave a Comment

Iraq has signed Kuwait, Monday, conventions and accommodation had encouragement and protection of investments between the two countries and tourism cooperation. According to Kuwait News Agency “KUNA”, that “Iraq and Kuwait signed today two agreements accommodation had the encouragement and protection of investments between the two countries and tourism cooperation,” indicating that “the signing came on the sidelines... 

Finance Committee Member projects 2014 budget will be sent to parliament this week

Posted by on Dec 17, 2013 | Leave a Comment

12.16.2013 Ahmed Mohamed parliamentary Finance Committee announced that the government will send a draft law on the federal budget to the House of Representatives during the current week. She said the adoption of the budget discussions will take two months at least. Committee Chairman MP Haider al-Abadi’s «future» yesterday that according to our information, the draft general budget of the federal government will... 

Finance Committee requests an explanation for reasons behind the delay in Iraq’s 2014

Posted by on Dec 16, 2013 | Leave a Comment

Baghdad morning sent the parliamentary Finance Committee, today, a request to clarify the reasons for the delay in sending the draft budget of 2014 to the House of Representatives worried about the delay in approval during the next four months. Said a member of the Finance Committee Hassan al-Bayati said in an interview to a reporter Center Brief for the Iraqi Media Network (IMN) “We fear failure to approve the 2014... 

Debate over dropping zeros will take place after 2014 government takes office

Posted by on Dec 16, 2013 | Leave a Comment

Migrate project to delete the zeros to the next government Parliamentary Finance Committee confirmed the deportation of the project to delete the zeros from the national currency to Iraqi custody next year, any new government after the elections, and said that the implementation date will remain postponed until now.The MP said Abdul-Hussein al-Yasiri for «future» yesterday that the process of deletion of zeros from... 

Economic Committee Member: 2014 budget money will go to waste if we stayed on the old style did not go to a market economy

Posted by on Dec 16, 2013 | Leave a Comment

{Baghdad: Euphrates News} Committee warned the economy and investment representative of wasting money the federal fiscal budget for next year in case of staying on the old style in running things, and stressed the need to go to a market economy and dependence on investment and the private sector. A member of the Committee MP Salman al-Moussawi told {Euphrates News} that “all things conducive to the economic renaissance... 

Maliki: oil wealth can cover the budgets of Iraq for hundreds of years

Posted by on Dec 16, 2013 | Leave a Comment

Prime Minister Nuri al-Maliki, said his government made strides in the development of the agricultural sector and support workers in this field, and was able to get closer to achieving self-sufficiency through the cultivation and harvesting of some of the major crops in the country. Maliki said in a speech during the opening of the union laborers and agricultural cooperative Arabs held in Baghdad that “Iraq, which was... 

No plan to drop zeros in the current legislative session, says parliament sources. CBI says, not yet

Posted by on Dec 13, 2013 | Leave a Comment

Committees of Economy and Finance the parliamentary, ruled out the implementation of the project to delete the zeros from the currency, during the current legislative session, attributed the reason to the existence of objections by the Council of Ministers on the implementation of the resolution, as well as demanding the central bank to postpone the process of starting the project . was the CBI said, last April, that... 

Iraq’s Finance Committee pleased to see Tariff Act implemented; Pushes for more laws to benefit private sector

Posted by on Dec 13, 2013 | Leave a Comment

  12/13/2013 21:27 Tomorrow’s Press / Baghdad, described the parliamentary Finance Committee, on Wednesday, the government’s decision to apply tariffs to “right” demanding legislation to ensure that all laws supporting the private sector.   A member of the committee MP Hassan al-Bayati’s “Tomorrow’s Press,” “The Finance Committee has long demanded earlier that imposing tariffs on materials... 

IMF warns Iraq’s 2014 budget could be exposed to shocks due to fluctuating oil prices

Posted by on Dec 13, 2013 | Leave a Comment

BAGHDAD / tomorrow Press: confirmed member of the parliamentary Finance Committee Magda al-Tamimi, on Thursday, the International Monetary Fund drew a report on the budget for Iraq in 2014 to the Ministry of Finance and a copy of it to the House and the Finance Committee he refers to the balance of 2014 to be discussed now before the Council of Ministers adopted on very optimistic assumptions about oil revenues. Tamimi... 

After poll: Citizens favor deletion of zeros; say it eliminates fraud and supports economy

Posted by on Dec 11, 2013 | Leave a Comment

Continuous attempts to reach a final agreement between the parties that hold the reins of financial matters in the country in regards to the process of deletion of zeros from the Iraqi currency, which is much talk about since approximately two years, but the issue is exposed each time to criticism and rejection of before parties may be controlling the flow of currency in the country, but the CBI Boukbraúh seeks to resolving... 

Some Iraqi economist agree with postponement of restructuring Iraq’s currency

Posted by on Dec 11, 2013 | Leave a Comment

after preparations long it took 5 years for the process to delete the zeros and replace the Iraqi currency came today to announce the central bank to stop these measures and postponed to another slogan for many reasons hindered the march of the central bank in the removal of three zeroes, bankers said (citizen) .. that the present time is suitable for the replacement of the currency and favored the postponement of... 

Saleh: Iraq’s credit rating a B, not formally. Iraq needs official credit rating to facilitate access to finance

Posted by on Dec 11, 2013 | Leave a Comment

12/11/2013 0:00 seeks most governments and countries, companies or funding agencies to obtain credit rating in order to facilitate their access to finance that you want through the local markets or external reason to force the pace to get the highest degree of classification between countries the world to improve its reputation and economic development of the joints of the various productive sectors, to confirm for... 

GCC welcomes Iraq’s compliance with UN resolutions regarding Kuwait

Posted by on Dec 11, 2013 | Leave a Comment

KUWAIT, Dec 11 (KUNA) — Leaders of the Arab Gulf states welcomed Wednesday Iraq’s compliance with UN resolutions related to border signs’ maintenance, as well as referral of Kuwaiti prisoners, missing persons and property to the UN mission in Iraq. The leaders also condemned the firing of rockets from the Iraqi territories against Saudi border areas, considering it “unacceptable violation” of the international... 

Iraq Minister of Planning: Tariff law will apply to certain items beginning Jan 2, 2014

Posted by on Dec 11, 2013 | Leave a Comment

Published on Tuesday, 10 January 1 / December 2013 09:54 According to the Ministry of Planning, said Tuesday that it will apply the system of customs tariffs with effect from 2 Canton next second. He said Planning Minister Ali Shukri for “time”, “The customs tariff will include luxury materials and all secondary materials that do not directly affecting the lives of citizens.” Shukri pointed out that “implementation... 

UNAMI calls on Iraqis to cast their votes in the elections to make the change

Posted by on Dec 11, 2013 | Leave a Comment

called on the UN mission to help Iraq (UNAMI), Wednesday, Iraqis to cast their votes in the upcoming parliamentary elections in order to make the change. Was made at the conference held by the mission in Baghdad, on the occasion of the International Day of Human Rights. The conference was launched in the presence of representative of the Secretary-General of the United Nations in Iraq Nikolai Maldinov and a number of... 

The oil investment law would boost the oil sector and development

Posted by on Dec 11, 2013 | Leave a Comment

Baghdad (newsletter). Oil and Energy Committee, the importance of read investment Bill, because it will boost the oil sector by attracting foreign and domestic companies to invest in the oil sector. The oil Commission said MP/Kurdish Alliance (News Agency): the old oil investment law was seen on the investor ‘ thief ‘ for riches, but after the amendments before the Parliamentary Committee on oil specialists to make... 

Opening of foreign banks in Iraq would strengthen the banking sector and its development

Posted by on Dec 11, 2013 | Leave a Comment

Baghdad (newsletter). Commission on the economy and investment, the importance of global banks to open branches in Iraq to create a competitive atmosphere among local and foreign banks to provide better banking services. The Rapporteur of the Committee, said MP/Kurdish Alliance/mahma Khalil (News Agency): the Iraqi banking sector is still lagging behind developments in global banks, therefore bringing global banks discreet... 

Economic representative Announces deferral of removal of zeros to the next parliamentary session

Posted by on Dec 11, 2013 | Leave a Comment

The parliamentary Economic Committee, announced the postponement of a draft Central Bank raising the zeros of the Iraqi currency to the next parliamentary session. Committee Member said the Deputy from the Kurdistan Alliance, najeeba Najib, both in Iraq, that “delete zeros from the former Department of the Central Bank in times of Sinan Al-Shabibi Former Bank Governor”. “There were preparations and preparations... 

Deletion of Zeros or Currency Restructure Postponed; Implemented most likely After 2014 Elections and Formation of Government – Says Committee Member

Posted by on Dec 11, 2013 | Leave a Comment

Announced the parliamentary Economic Committee, the central bank to postpone the project raise zeros from the Iraqi currency to the next parliamentary session. Committee member, said the MP for the Kurdistan Alliance, Najiba Najib, told all of Iraq [where], “The project to delete the zeros feet of the previous administration of the Central Bank at the time of any Shabibi former Fed governor . “ She added: “There... 

Salaries distributed via Smart Card to begin early 2014, says ISX Chairman

Posted by on Dec 11, 2013 | Leave a Comment

BAGHDAD – morning preparing the Securities Commission in collaboration with the Trade Bank of Iraq (TBI) provide Mlakatha smart card (Ki) for the disbursement of monthly salaries beginning of next year. Chairman of the Securities Commission, Dr. Abdul Razzaq al-Saadi revealed (morning) that the whole will begin distributing monthly salaries according to the card Smart early next year, which ensures easy handling. adding... 

Politicians: international visits by the Prime Minister enough to open new horizons for Iraq

Posted by on Dec 11, 2013 | Leave a Comment

Stressed the importance of increased security cooperation, economic and political marked by official visits made by the Prime Minister recently, many of the pros, which is able to bring Iraq back to normal in the international map, especially as the objective of such visits, according to parliamentarians, is the activation of many aspects of economic, political and security, which is able to have tremendous benefits for... 

Decline in the economy of the Kurdistan region because of the unstable security situation

Posted by on Dec 10, 2013 | Leave a Comment

Union announced the production in the Kurdistan region that the unstable security situation in Kurdistan impacted heavily on the economy represented by buying and selling, import and export. He said the Federation of production in Kurdistan, in a statement received by the Euphrates {} copy of it on Sunday that “the violence and the phenomenon of murder and suicide have increased in the past few months in the Kurdistan... 

Accession to the WTO will contribute to the growth of Iraq’s national income

Posted by on Dec 10, 2013 | Leave a Comment

saw the Academy that there is a possibility to take advantage of the exceptions and exemptions granted by the World Trade Organization in the growth of real national income. Consists gross national income (GNI) of personal consumption expenditures and gross private investment and consumption expenditures of government, net income from assets abroad (receipts net income) and total exports of goods and services, net of... 

CBI says it is postponing any plans related to monetary policy changes (Deletion of Zeros, New Banknotes)

Posted by on Dec 09, 2013 | Leave a Comment

Baghdad: Iraq News Network – The Central Bank of inability to delete the zeros of the Iraqi currency, or add new banknotes, for fear of confusing the Iraqi market. Source confirmed early in the management of the central bank, “the world”, that “the head of the central bank, and after consultation with officials and advisers in the bank, decided to postpone any new process related to the currency monetary Iraq,... 

CBI postpones deletion of zeros, new coins and banknotes. Says, Change in system may cause fear in the market (points to new $100 bill)

Posted by on Dec 09, 2013 | Leave a Comment

  For fear of confusing the Iraqi market .. Central Bank of retreating from the deletion of zeros and the issuance of a new currency   Stressed the central bank, yesterday, his inability to delete the zeros of the Iraqi currency, or add new banknotes, for fear of confusing the Iraqi market.   As confirmed by a parliamentary committee that it “supports the decision of the bank, which was taken in consultation... 

Economic Committee calls for international organizations to develop the country’s banking system

Posted by on Dec 09, 2013 | Leave a Comment

Baghdad (newsletter). The Commission invited the parliamentary economy and investment, the need to use international experience and global organizations to develop the banking system, according to developments in global banks. The Rapporteur of the Committee, said MP mahma Khalil (News Agency): the Iraqi banking sector still suffers from a significant failure on developments in global banks, noting that the development... 

Next Iraqi election should be all about the economy, not about politics – Group of economic experts agree

Posted by on Dec 07, 2013 | Leave a Comment

Specialists: the next election programs must be economical to activate the role of the private sector and economic development in the country Collect experts in economic affairs programs to be fully forthcoming election economic and not political programs or parties rely on different nationalities and religions, stressing the need to activate the role of the private sector in the promotion of the country’s economy. The... 

Iraq Oil Ministry Agrees on UN oversight of Kurdistan Oil Revenues

Posted by on Dec 07, 2013 | Leave a Comment

revealed the Iraqi Oil Ministry, on Friday, for the approval of the Kurdistan region put its oil revenues at the expense of the United Nations in favor of Iraqi oil revenues, with the supervision of the central government on the quantity and quality of raw and management of revenues collected, while expected to testify this month to sign a formal agreement is on impact of the resumption of exports of the region through... 

Iraq Oil & Energy Committee says no agreement between Baghdad, Kurdistan yet

Posted by on Dec 07, 2013 | Leave a Comment

Baghdad (newsletter).The Committee on oil and energy parliamentary it support any agreement between Baghdad and Erbil to export oil region crisis, indicating that the recent agreement between the parties was not offered as not in the ‘ core ‘ work. Member of the Parliamentary Committee on oil and energy Awad Al-Awadi (News Agency news): ‘ we believe the parties and the Centre are seeking to resolve the dispute over... 

National Bank of Iraq announces IPO for December 9th, 2013

Posted by on Dec 06, 2013 | Leave a Comment

National Bank of Iraq (BNOI) Next Monday .. IPO National Bank of Iraq announced today via the market that it will begin the IPO shares offered amount (98 billion), as of Monday, 09/12/2013, at the main branch of the Bank of the Gulf, and in implementation of the decision of the general meeting held on October 23, 2013 to increase the company’s capital from (152) billion to 250 billion, according to Article (55 / I)... 

UN envoy meets Iraqi Human Rights Minister over Kuwaiti MIAs

Posted by on Dec 06, 2013 | Leave a Comment

In a press statement, the Iraqi Ministry of Human Rights said the meeting focused on the file of searching for and returning of Kuwaiti missing in action (MIAs) as a result of the Iraqi invasion of Kuwait in 1990. It quoted Al-Sudani as saying that great strides were made in the efforts exerted to close this file. He lauded the extraordinary efforts exerted by the tripartite committee and its technical subcommittee to... 

Economist: Timing is right to delete the three zeroes from the currency

Posted by on Dec 06, 2013 | Leave a Comment

Baghdad (news) .. Said economic expert Dargham Muhammad Ali, to the present time appropriate for the application of the project to delete the three zeroes from the Iraqi currency, the fact that the exchange rate of the dinar relatively stable during the current period. said Mohammed Ali (of the Agency news): that the exchange rate of the dinar against the dollar relatively stable over than ever and can be initiated by... 

Economist criticizes CBI’s decision to print new currency notes

Posted by on Dec 06, 2013 | Leave a Comment

He told the teller / Source News / “The current currency Almtdolh is solid or solid even though it is printed in Britain and the Central Bank of Iraq is responsible for that.” “The central bank is trying to avoid damage to the Securities pull through small groups shattered and replaced again and this failed to hold,” saying that “this process cost the country large sums of money if the currency is good what... 

Dropping zeros reflects the strength and evolution of the economy, says Economic Committee Member

Posted by on Dec 05, 2013 | Leave a Comment

A member of the parliamentary Economic Committee Abdul-Hussein Abtan said Tuesday that the “lifting of zeros from the Iraqi currency will not affect the economy, but it will reflect the evolution of the economy and the ability of Iraq cash. He Abtan told (the integrity of electronic) that “confirms the lifting of zeros clearer picture of the strength of the Iraqi economy and highlights the power of cash in the country.” He... 

Iraqi government and the Kurdistan region approaching an agreement on the sharing of oil revenues

Posted by on Dec 05, 2013 | Leave a Comment

despite sought by the Iraqi government to throw the ball in the stadiums Turkish and Kurdish on the issue of export of oil from the Kurdistan region through a special tube, the recriminations still persists between the two parties. Turkish Energy Minister Taner Yildiz, who concluded an agreement with Baghdad necessary government not to conclude any agreement with the Kurdistan Regional Government on the export of oil... 

Governor of the Central Bank discuss with the Italian Ambassador Economic and banking Cooperation

Posted by on Dec 05, 2013 | Leave a Comment

Baghdad/ NINA /–The governor by interim of the Central Bank of Iraq Abdel Basset Turki discussed with Italian Ambassador Massimo Maruti the fields of economic cooperation and aspects of banking business development. According to a statement by the CBI : “The two sides also discussed ways to activate work works of Italian banks in Iraq and the most important laws and regulations relating thereto.” //  Read More →

United Bank For Investment is the First Step In The Way Of International Cooperation With The Iraqi Private Banks.

Posted by on Dec 05, 2013 | Leave a Comment

Amman: Iraq News Network – to coincide with the entry of the United Bank for Investment twentieth year in the Financial Action Task Force and the banking and the culmination of his activities and his outstanding efforts in establishing the rules of transparency pursued by the performance and mutations great achievements in the development of his work and its potential and intention sincere in contributing to the support... 

Shaways show optimism about the future of Iraq in the natural resources and calls for dialogue between the province and the center in the field of oil

Posted by on Dec 05, 2013 | Leave a Comment

Showed Iraqi Deputy Prime Minister for Economic Affairs Rose Nuri Shaways, on Monday, optimism about the future of Iraq in the field of natural resources, and among that Iraq is among the largest energy producing countries in the world with imports up to 93% of the annual budget, called for negotiations between the province Kurdistan and the center and the rest of the provinces in the field of oil and speed up the enactment... 

Iraq progresses nine places in the classification of the International Atomic Energy Agency

Posted by on Dec 04, 2013 | Leave a Comment

Iraq’s progress nine places in the rankings of the International Atomic Energy Agency for its success in the management of radiation safety information. The Director General of the Department of awareness and the media environment in the Ministry of Environment Amir Ali Hassoun in a press statement received / Baghdadi News / copy of the “International Atomic Energy Agency (IAEA) provided Iraq nine ranks within... 

Turkish Energy Minister arrives in Baghdad, meets with Hussain al-Shahristani

Posted by on Dec 04, 2013 | Leave a Comment

 Turkey’s Minister of Energy and Natural Resources, Taner Yildiz, arrived in Baghdad on Sunday evening, Dec. 1, to discuss a number of important issues related to exporting Iraq’s oil to Turkey. In a statement to NINA, the Director of Deputy Prime Minister’s Office said that Yildiz arrived in Baghdad on Sunday evening and met with Hussain al-Shahristani. The two are to discuss oil agreements between... 

Iraq, Bulgaria sign agreement over mutual economic cooperation

Posted by on Dec 04, 2013 | Leave a Comment

Baghdad (Forat) -Bulgarian Minister of Economy and Energy Dragomir Stoynev welcomed Iraqi Minister of Trade Khairallah Babiker in Sofia on last Friday. A statement received by Alforat News Agency cited “The two discussed matters of mutual interest, as well as signed an agreement for economic and research cooperation between the two countries.” “The event also included holding the 25th session of the... 

Feasibility of new coins draws conflicting views from economist and politicians; Dropping Zeros still an option next year

Posted by on Dec 03, 2013 | Leave a Comment

Suffering of the Iraqi street of the scarcity of the currency of a small category (250, 500 and 1000) dinars, and found it undamaged and Mthtrh, and became citizens upset of used and especially the owners of taxis and commercial markets, but they accepted the deal out to preserve the continuation of their work flow. attributed the number of economists reason for the scarcity of Currency with the small category and ease... 

Iraq discovers the remains of 236 Kuwaitis

Posted by on Dec 03, 2013 | Leave a Comment

Iraq announced to find the [236] missing Kuwaitis have been buried in the Iraqi territory after the invasion of the former regime of Kuwait in 1990. A statement of the Iraqi Human Rights Ministry received by all of Iraq [where] a copy of it for its minister Mohammed Xiaa Sudanese say, “It’s with regard to the missing file Iraqi and Kuwaiti ministry is the implementation of the memoranda of understanding signed between... 

What will effect Iraq’s economy If sanctions begin to lift on Iran

Posted by on Dec 03, 2013 | Leave a Comment

The effects of lifting the sanctions on Iran on Iraq’s economy Decides to lift the sanctions imposed on Iran a few years ago because of a dispute between them and the international community to the real purpose That could be behind the Iranian nuclear program, which has seen an expansion in which the escalation in the pace of development until the percentage of enrichment to 20 per cent, as he was to start making plutonium... 

Gulf News: Four GCC countries to announce common currency by end-December

Posted by on Dec 02, 2013 | Leave a Comment

Dubai: Four Gulf Cooperation Council (GCC) countries will announce the introduction of a common currency by the end of December, a Bahraini daily reported on Sunday. //  Read More →

CBI Auction Statistics: last month, selling $ 3.8 billion and sales of 4 months amounted to about 16 billion dollars

Posted by on Dec 02, 2013 | Leave a Comment

Sunday, 01 November / 1 December 2013 07:05 According to statistics prepared by all of Iraq [where] that dollar sales at the central bank auction last month rose in November for auction sales in October. Amounted to dollar sales in the month of November 3 billion and 803.691 million compared to $ two billion and 191 million and 456 000 dollars in October while sales were during the month of September 5 billion and 275... 

GOI predicts 2014 Budget will be presented to Council of Ministry within next two weeks

Posted by on Dec 02, 2013 | Leave a Comment

Federal Government predicted Sunday the completion of the federal budget for the year 2014 within the next two weeks. The most controversial point of the draft next year’s budget dues Kurdistan Region of Finance after the federal government sought to reduce the ratio to 10% instead of 17% compensation for financial losses she stopped by the region for the export of oil. The Minister of State for Parliamentary Affairs... 
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