Barzani: We are seeking to be independent in oil production

Posted by on May 29, 2014 | Leave a Comment

The Prime Minister of the Kurdistan region, Nechirvan Barzani said the province is trying to be independent in the production of electricity and oil and it is ready to export 250 thousand barrels of crude oil per day .” Barzani said, during being hosted by the Parliament of the Kurdistan region today , according to the Patriotic Union of Kurdistan (PUK) site : “The Kurds will not return back, and the era of issuing... 

The President signed an Executive Order (E.O.)

Posted by on May 28, 2014 | Leave a Comment

The President signed an Executive Order (E.O.), “Ending Immunities Granted to the Development Fund for Iraq and Certain Other Iraqi Property and Interests in Property Pursuant to Executive Order 13303, as Amended,” terminating the prohibitions contained in Executive Order 13303 of May 22, 2003, as amended, on any attachment, judgment, decree, lien, execution, garnishment, or other judicial process with respect to... 

Economic Analyst is the central bank’s move to ban currency trading default the action is necessary to maintain the gravity of the Iraqi economy

Posted by on May 28, 2014 | Leave a Comment

Tuesday, 27 May 2014 17:12 Counting economic analyst Chairman Economic Information Center Dergham Mohammed Ali, the central bank’s move Bhoudr transactions in one virtual currencies the action necessary to maintain the gravity of the Iraqi economy and the banking and financial transfer. Said Mohammed Ali, said that “the Central Bank is of paints fiscal policies, which defines the mechanics of trading cash... 

Iraq could Take Lead in FDI

Posted by on May 27, 2014 | Leave a Comment

Growth in foreign direct investment (FDI) to Egypt, Iran, Iraq, Lebanon and Jordan should overtake the “expansion of flows” to the Gulf Cooperation Council (GCC) by 2019, according to a new report from London’s Centre for Economics and Business Research (CEBR) and the ICAEW. The report focuses on the GCC member countries (United Arab Emirates, Bahrain, Saudi Arabia, Oman, Qatar and Kuwait), plus Egypt, Iran, Iraq,... 

Ministry of Planning: checking and marking more than 146 kg of gold during last April

Posted by on May 27, 2014 | Leave a Comment

nnounced that the Ministry of Planning and Development Cooperation, Sunday, for examination and marking more than 146 kg of gold last April, while suggesting its conduct inspections periodically to gold shops in some parts of Baghdad. said Planning Minister Ali Shukri said in a statement received “Alsumaria News “, a copy of which was that” the Central Agency for Standardization and Quality Control of... 

Iraq sues Turkey

Posted by on May 26, 2014 | Leave a Comment

(Independent) … announced that the Iraqi authorities to take legal action against Turkey after Ankara’s announcement to begin exporting oil northern Kurdistan region, to the world market, according to an official statement announced Friday. A statement by the Iraqi Oil Ministry in Alanklyzahoatalaat it (Independent) … “We have requested arbitration against the Republic of Turkey and BOTAS transmission lines to... 

Iraq elections: Maliki’s coalition won

Posted by on May 26, 2014 | Leave a Comment

No surprise victory for State of Law bloc and its allies an overwhelming parliamentary majority. With but 93 seats in the Council, you need to alliance with other forces to form a government. Coalition Egypt to repeat Maliki and the Shiite House rejected until now. coalition of state law, Egypt to be Nuri al-Maliki as prime minister for the third time, and the Liberal bloc (chest), and the citizen (Hakim) and most of... 

Prospects of Shiite ‘National Alliance’ Hinge on Maliki

Posted by on May 24, 2014 | Leave a Comment

Even before the Iraqi parliamentary election results were announced, the competing Shiite groups started talking about restoring the National Alliance, composed of Iraq’s leading Shiite parties. There was a special emphasis on the need to turn it into an effective “institution” led by a collective leadership, according to the statement on May 16 by the Islamic Fadila Party after its leadership met with that of the... 

Big changes planned for Iraqi stock markets

Posted by on May 23, 2014 | Leave a Comment

May 20, 2014 With the world’s eyes focused on the recent Iraqi elections, little attention is being paid to the major changes taking place in Iraq’s banking and finance industry. As part of an effort to liberalize the economy, in the first three months of 2014, the Iraqi Central Bank granted approval to 15 Arab and international banks to open branches in Baghdad, with additional branches expected to open soon.... 

Iraq is now eligible to enter the World Trade Organization

Posted by on May 23, 2014 | Leave a Comment

increased the votes to claim Iraq’s accession to the World Trade Organization, as part of the phase transformation to the capitalist system and its openness. And fulfill its obligations to the international community made by the same signing of the Charter of the International Covenant. since said economic analyst Abbas Ghalibi that the economic environment in Iraq are not eligible for entry into the WTO because... 

Investment Baghdad: a plan for the provision of 1.3 million jobs

Posted by on May 22, 2014 | Leave a Comment

Baghdad Investment Authority has prepared a plan to provide 1.3 million jobs for the segment mentioned within its residential projects. This comes at a time revealed the Ministry of Labour and Social Affairs for registration of more than four million unemployed during the past six years. Chairman of the Investment Commission of the province of Baghdad Shaker Zamili stressed that the Authority has prepared a plan to provide... 

Iraq’s Maliki wins largest share of votes in elections-official

Posted by on May 21, 2014 | Leave a Comment

BAGHDAD, – Prime Minister Nouri Maliki won the largest share of Iraqi parliamentary seats in last month’s national elections, according to preliminary results released on Monday. The results dealt a blow to Shi’ite, Sunni and Kurdish rivals seeking to prevent him serving a third term. Maliki won at least 93 seats, far more than his two main Shi’ite rivals, the movement of Muqtada Sadr and the Islamic Supreme... 

Letter to the Congress — Continuation of the National Emergency with Respect to the Stabilization of Iraq

Posted by on May 20, 2014 | Leave a Comment

Dear Mr. Speaker: (Mr. President:) Section 202(d) of the National Emergencies Act (50 U.S.C. 1622(d)) provides for the automatic termination of a national emergency unless, within 90 days prior to the anniversary date of its declaration, the President publishes in the Federal Register and transmits to the Congress a notice stating that the emergency is to continue in effect beyond the anniversary date. In accordance... 

Ministry of Finance: Iraq does not need to protect the American money

Posted by on May 20, 2014 | Leave a Comment

With the approaching deadline annual renewal of Iraq’s request to extend the protection of his money in the twenty-second of May of each year, the Ministry of Finance, this time not to renew the claim the U.S. administration to the protection of his money. director of administration and planning at the ministry, confirmed that the government would not seek renewal of American protection to Iraqi funds deposited... 

Trade between Iraq and Iran to reach to $20 billion

Posted by on May 19, 2014 | Leave a Comment

Minister of Economy and Finance Ali Tayebnia said that Iran-Iraq trade volume will reach as high as $20 billion in value by the next three years from present $12 billion. In a meeting with Iraqi Deputy Prime Minister Nouri Shavis in Tehran on Tuesday on the sidelines of inking a bilateral protocol for economic and investment cooperation, Tayebnia said Iran-Iraq trade volume was more than six billion dollars in 2013. He... 

to revive the Iraqi economy experts: the diversity of the currency basket is the best solution

Posted by on May 19, 2014 | Leave a Comment

Mushtaq Al-Jassem Confirmed a number of specialists and economists that there is diversity in the basket of currencies of the Iraqi order to develop and activate the economic process in the country, while the student a number of specialists structural reforms to work the economic sector. Says economist Faraj Saad Allah of the best solutions to address the low value Aldenarabraghi against other currencies is the diversity... 

BREAKING NEWS. E C :The election results will be announced tomorrow or the day after

Posted by on May 17, 2014 | Leave a Comment

BAGHDAD   -The Electoral Commission announced that the final results of the elections which held April 30 could be announce on Sunday evening or on Monday. The Chairman of the Board of the Electoral Commissioners Serbst Mustafa said in a press conference today that “the final results of the elections which were held on the thirtieth of April, may announce on Sunday evening or on Monday after the completion of the counting... 

Iraqi market for securities

Posted by on May 16, 2014 | Leave a Comment

Lebanese Business Council: the Iraqi market for securities markets serve as a model for progressing rapidly Baghdad Stressed the Lebanese Business Council, said Thursday that the Iraqi market for securities, enjoys “particularly attractive” to investors, and is a “model” for the markets, which is trying to “progress quickly,” noting that the conference which will be held in Dubai currently... 

Governor of the Central Bank of Iraq: the opening of branches of banks of U.S., French and Lebanese in Baghdad

Posted by on May 16, 2014 | Leave a Comment

Bey revealed the governor of the Iraqi Central Abdel Basset Turki from near the opening of branches of U.S. banks and the French and Lebanese in Iraq. Turki said in a special statement (the statement), it will soon be opening branches of U.S. banks, including Pocket Morkn and Citibank, noting that the investment opportunities that would be granted to these banks will not be available in the same way for other banks in... 

Non-oil sectors to achieve sustainable development

Posted by on May 15, 2014 | Leave a Comment

Baghdad morning requires a transfer of financial resources of the state to investments in human capital and financial assets for sustainable development to generate future income for future generations to ensure the success of the investment program linked to the achievement of increased production and oil revenues for its importance in the development of the productive sectors of the non-oil. According to the adviser... 

Oil Expert rules out Iraq influenced by Saudi Arabia’s decision not to reduce its production in the / OPEC

Posted by on May 15, 2014 | Leave a Comment

The oil expert, Hamza al- Jewahri ruled out Iraq’s impact in Saudi Arabia’s decision not to reduce oil production ceiling in the Organization of / OPEC / , stressing that Iraq is continuing to raise its oil production ceiling and is ready to compete with oil-producing countries . He said in a statement to the National Iraqi News Agency / NINA / that ” Iraq has large oil fields and did not affect in the rising of... 

al-Maliki agreed to a demand, the coalition’s rejection of the third term for him.

Posted by on May 14, 2014 | Leave a Comment

A source in the National Alliance, that the head of a coalition of state law, Nuri al-Maliki agreed to a demand blocks the coalition’s rejection of the third term for him. - Source said: “The prime minister of the outgoing realized that winning a third term is impossible after obtaining his coalition on less than 80-seat parliament according to the results supplied by the Electoral Commission for elections.... 

Iraq re-index climb despite the decline in bank stocks

Posted by on May 13, 2014 | Leave a Comment

Came back to the main index of the Iraqi market in the first fiscal boarding sessions a week, on Sunday, despite the decline in blue-chip stocks and the banking sector, but the index has received support from the telecom sector, which was the main driver for the rise of the market at the close of trading today. Said Ali Mohammed, technical analyst at Tigris, “shares ACL is the main driver for the market to rise... 

Trends Center publishes the results of the parliamentary elections in Iraq by 90%

Posted by on May 13, 2014 | Leave a Comment

Posted center trends specialist opinion polls, tonight, new results of the elections, he said is “in accordance with the final touches developed by the audit teams to preliminary results of the parliamentary elections in Iraq in 2014. He said the center said, “These results represent about 90% of the election results after making divisions necessary by experts Centre and the distribution of the total vote... 

Parliamentary Finance: Delete the three zeroes from the currency early in 2015

Posted by on May 12, 2014 | Leave a Comment

Suggested the parliamentary finance committee, project application to delete the three zeroes from the currency early next year, saying that the current situation is appropriate to implement the project. A member of the Committee Deputy Abdul Hussain al-Yasiri told / JD /: “The central bank has vowed in the past years the application of the project to delete the zeros early in 2014, but reversed his decision and... 

Iraq: Foreign Economic Relations Department organizes introductory course to WTO

Posted by on May 12, 2014 | Leave a Comment

Department NewsThe Department of Foreign Economic Relations at the Ministry of Commerce seminar WTO and its agreements in the judicial Development Institute of the Supreme Judicial Council, the judge in the presence of Amir al-Shammari and a number of years and Alqdhahoualemdein staff He said Tharwat Akram Salman, director of the World Trade Organization in the circle of economic relations that the aim of the seminar... 

United Nations Mission in Iraq chosing to grant a third term for Maliki

Posted by on May 12, 2014 | Leave a Comment

Smiling face-detection of regional source works in one of the international organizations of the United Nations, the United Nations Mission in Iraq, headed by Nikolai Mladenov chosing to grant a third term for incumbent Prime Minister Nuri al-Maliki. The source said the “smiling face” correspondent in Baghdad, “the perspective of the United Nations Mission in Iraq, headed by Mladenov chosing to convince... 

New US Ambassador to Iraq nominated

Posted by on May 10, 2014 | Leave a Comment

Baghdad (AIN) – US President Barack Obama nominated a new Ambassador to Iraq to replace the former Ambassador Stephen Beecroft. A statement by the White House received by AIN cited “Obama said on Thursday he would nominate two career diplomats with extensive experience in the Middle East as ambassadors to Egypt and Iraq.” “Robert Stephen Beecroft, who has been U.S. ambassador in Baghdad since 2012, was nominated... 

World Bank: Iraq targeting the energy sector jobs

Posted by on May 10, 2014 | Leave a Comment

Hussein Abbas / Anatolian / World Bank confirmed its commitment to support Iraq to benefit more from the oil sector, the most important source of revenue in the country and turn it into an engine for development. The World Bank noted in a recent report obtained by Anatolia on a copy of it on Friday that the recovery in the Iraqi oil sector has made great progress despite the continuing fragility of the security situation,... 

Women hold the key to economic growth in Iraq

Posted by on May 09, 2014 | Leave a Comment

A new programme teaching business skills is bringing independence and economic development to the women of Iraq. Now it’s their turn to pass it on Iraq, May 6, 2014 According to the World Economic Forum’s Global Gender Gap Report, the Middle East and North Africa are the only regions where the overall economic standing did not improve in 2013. Yet, around the world, we are hearing a growing chorus that women are... 

Official Election Results Announced 25th of May

Posted by on May 09, 2014 | Leave a Comment

Iraq’s Independent High Electoral Commission has confirmed that the final official results of the April 30th elections will be announced on the 25th of May. So far a number of sources have released preliminary results, or what they have described as a first count. Elsewhere, various parties have claimed an approximate number of seats while PM Maliki has claimed he has enough seats to retain premiership. It is notable... 

IMF: MIDEAST ECONOMIC OUTLOOK Mideast Growth Outlook to Improve Overall, Bold Reforms Still Needed

Posted by on May 08, 2014 | Leave a Comment

Oil exporters post solid non-oil growth, but need to strengthen budgets and diversify economies Oil importers see tepid growth due to weak confidence, sociopolitical frictions, and conflict in Syria Transition countries need bold reforms to spur growth and create well-paying jobs Economic growth in the Middle East, North Africa, Afghanistan, and Pakistan (MENAP) is expected to strengthen this year, but weak confidence... 

Banking sector infrastructure in Iraq prepared for global banks

Posted by on May 07, 2014 | Leave a Comment

Private Banking Association, revealed that the capital of private banks in Iraq reached 250 billion dinars for each bank, as the banking sector infrastructure ready to receive international banks, there was a “real desire” from Lebanese banks to open branches in Iraq and said the Iraqi banks Association Chairman Adnan Chalabi, on the sidelines in Iraqi-Lebanese Banking Conference held in Beirut on 25-26 April,... 

Central Bank: Iraq is seeking to increase its GDP to more than 13% and non-oil activities at a rate of (7.5%) per annum

Posted by on May 07, 2014 | Leave a Comment

Central Bank of Iraq on Sunday, the National Development Plan 2013-2017, seeks to raise the economic growth and the implementation of reform programs and development projects are many, as he emphasized that such a plan and policy aim to raise the GDP growth at an annual rate (13.3%) and the development of non-oil activities at an annual rate (7.5%). The administration has said the central bank in response to questions... 

The rise of stock markets in the Gulf region

Posted by on May 06, 2014 | Leave a Comment

The rise of stock markets in the Gulf region All stock markets rose in the Gulf region on Thursday, May 1 / May, led by the Saudi bourse, which has stepped up to the highest level in six years, boosted by gains for manufacturers of petrochemicals and cement. He added the main index of the Saudi market by 0.8 percent to 9660 points, the highest closing level since June 2008. Climbed company Saudi Basic Industries Corporation... 

Electoral Commission: the proportion of counting of votes in Baghdad has reached 30%

Posted by on May 05, 2014 | Leave a Comment

Electoral Commission announced the arrival of the ratio of counting the votes in the capital to 30%. A member of the Board of Commissioners Mohsen al-Moussawi, the “Furat” Today, “The operations of counting the votes in Baghdad has reached 30%, stressing that” the process of counting centers in Rusafa continuous and by lips. “The final results will be transferred to the center of input in the national office. Moussawi... 

United Nations Security Council: Commend Iraq on Successful Election

Posted by on May 02, 2014 | Leave a Comment

The  have issued a statement commending Iraq on successfully holding parliamentary elections. The statement urges Iraq’s political parties to follow up this success by forming a government as quickly as possible and “strengthen national unity.” The statement in full: The members of the Security Council welcome the holding of timely parliamentary elections in Iraq on 30 April, and commend the people of Iraq for... 

Iraq issued new banknotes with high security specifications; Existing notes will be gradually replaced

Posted by on May 01, 2014 | Leave a Comment

Iraq Central Bank announced last week for printing new bank notes contain signs of additional security make it difficult to counterfeit or tampered with. The Director of Treasury at the Central Bank Ihsan Shomran Yasiri to my home that the CBI re-printed paper currencies of small denominations (250, 500 and 1000) dinars, and also large groups (5, 10 and 25) thousand dinars. “ “The new currency, which started offering... 

Iraqi Central Bank announced last week for printing new bank notes contain signs of additional secur

Posted by on May 01, 2014 | Leave a Comment

The Director of Treasury at the Central Bank Ihsan Shomran Yasiri to my home that the CBI re-printed paper currencies of small denominations (250, 500 and 1000)dinars, and also large groups (5, 10 and 25) thousand dinars. ” “The new currency, which started offering small ones for trading not much different from the currency currently in circulation among the citizens in terms of shape, but it provided the... 
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