Iraqi Defense: announces the arrival of the first two Sukhoi 25 to Baghdad on Sat Jun

Posted by on Jun 30, 2014 | Leave a Comment

Alsumaria News / Baghdad Ministry of Defence announced on Saturday, the arrival of the first two Sukhoi 25 to Baghdad, saying that the two planes Stdkhalan to service directly. He said ministry spokesman Gen. Mohammed al-Askari said in an interview for “Alsumaria News”, “the first two of 25 Russian Sukhoi arrived, this evening, to the capital of Baghdad,” adding that “the two planes Stdkhalan... 

Economist reduces the possibility of Iraq affected by the transfer of some capital abroad

Posted by on Jun 30, 2014 | Leave a Comment

an economist, on Saturday, the possibility of being influenced by the Iraqi economy and the banking sector to withdraw some of the owners of capital and deposits and convert them into banks, neighboring countries and the Kurdistan region, stressing that the money does not constitute a significant proportion in relation to the value of assets in the Iraqi banks . The economist said Dergham Mohammed Ali told / to Baghdadi... 

USA: Kurds to participate in next Iraqi government

Posted by on Jun 26, 2014 | Leave a Comment

The United States of America assured that the Kurds will participate in the next Iraqi government. The spokesperson of the US Department of State, Mary Harf, stated in a press statement “The Secretary of State, John Kerry, assured to the President of Kurdistan Region the US support to the unity of Iraq and the necessity of forming the next government before the first of July.” “The Kurds assured that they will help... 

Merkel: Pressure the Iraqi government to form an inclusive government

Posted by on Jun 26, 2014 | Leave a Comment

On Wednesday German Chancellor, Angela Merkel, said that we should put pressure on the government of Iraq so as not eliminating anyone. Merkel said in a speech to the parliament that “the government of Iraq has failed over the years to integrate the views of all groups in the country and we must pressure them to do so.” Merkel added that “we need a government in Iraq to adopt all components of the people,” indicating... 

Kerry to Iraq leaders: Sharing power is critical to staving off civil war

Posted by on Jun 25, 2014 | Leave a Comment

America’s top diplomat said Monday that leaders of Iraq’s factions must keep their commitments to seat a new parliament next week, before a Sunni insurgency sweeps away hopes for a lasting peace. Meeting with all factions, U.S. Secretary of State John Kerry had a dire message to leaders of Iraq’s bitterly divided Shiite, Sunni and Kurdish political coalitions who have lived through more than three decades of dictatorship,... 

Fighting in North Iraq to delay return of region oil exports

Posted by on Jun 25, 2014 | Leave a Comment

The seizure of Iraq’s second-largest city by militants from a breakaway al-Qaeda group is hobbling the OPEC producer’s effort to fix its main pipeline for crude exports and boost output at one of its biggest oilfields. Fighting in the northern city of Mosul forced a halt in repairs to the main pipeline from Kirkuk to the Mediterranean port of Ceyhan, Turkey, the state-run North Oil Co. said in a statement yesterday,... 

Kerry urges Maliki to resign

Posted by on Jun 24, 2014 | Leave a Comment

On Monday U.S. Secretary of State John Kerry arrived to Baghdad in a visit aimed apparently to persuade the Prime Minister Nuri al-Maliki to step down for failing to manage the current crisis experienced by Iraq, amid internal and external calls bear him responsibility for the collapse of security and its political ramifications. With the increase in the gains achieved by ISIL fighters every day, pressure is mounting... 

US Secretary of State John Kerry arrived in the region

Posted by on Jun 23, 2014 | Leave a Comment

US Secretary of State John Kerry arrived in the region Sunday to push for a new Iraqi government, as Sunni insurgents expanded their advance to Iraq’s west and captured a key border post with Syria. Meanwhile, residents in cities under rebel control for more than a week reported life returning to normal, with water and electricity restored in some places and markets reopening. In their latest battlefield victories insurgents... 

More than 90% of foreign companies operating in Iraq will not be affected by military operations

Posted by on Jun 18, 2014 | Leave a Comment

BAGHDAD / NINA / The economic analyst, Dergham Mohammed Ali said that more than 90 percent of foreign companies, operating in Iraq, will not be affected by military operations. He told the National Iraqi News Agency / NINA / that “the current security situation could affect the work of some foreign companies in Iraq, and this effect depends on the type of activity of these companies and places of work.” He... 

CBI: our reserves “safe” with banks abroad

Posted by on Jun 18, 2014 | Leave a Comment

Showed Iraqi Central Bank Governor Abdul-Basit Turki regretted that the Iraqi monetary policy to deal with the exceptional circumstance present that Iraq is going through, stressing that the CBI has the ability to support the exchange rate of the dinar to the fullest extent and without a roof, and that the reserves of the Central Aalaraca “safe” with banks outside Iraq. This pointed out that the Turkish foreign... 

Kurdish Premier and Iran Discuss Iraq as Rebels Advance on Baghdad

Posted by on Jun 17, 2014 | Leave a Comment

ERBIL, Kurdistan Region – Kurdistan Region Premier Nechirvan Barzani is in Tehran to discuss events in Iraq, where the jihadi Islamic State of Iraq and Syria (ISIS) has seized large Sunni territories and is marching toward Baghdad to topple the Shiite-led government. Iran’s Mehr news agency reported that the Kurdish leader will discuss the ISIS “terrorist group” with Iranian officials. It noted he would also meet... 

Experts: Iraqi dinar “at the mercy of the dollar”

Posted by on Jun 17, 2014 | Leave a Comment

Committee called for financial and economic affairs experts in the Central Bank of the need to activate the financial trading by linking the Iraqi dinar to a basket of foreign currencies and not rely mainly on the U.S. dollar, to build a diversified economy and a flexible retractable face economic crises present and future. A member of the parliamentary Finance Committee Abdul-Hussein al-Yasiri in an interview for “The... 

Iraq will remain the second largest global producer of oil

Posted by on Jun 16, 2014 | Leave a Comment

Agency forecast global news, on Monday, to lead the complete lifting of Western sanctions for Iran to ignite a new spark of competition with Iraq’s fellow OPEC, the monopoly of the location of the product of the second global oil, indicating that analysts reckon that Tehran faces difficulties in its quest to wrest the title from Baghdad. Reuters said in a report today, seen by (range Press), said that “both of the... 

Washington supports a strong response to attack Mosul

Posted by on Jun 12, 2014 | Leave a Comment

morning received a terrorist attack, which proceeded to implement gangs “Daash” in Mosul, condemning the Arab and international wide, expressed its support for Iraq’s efforts to eliminate terrorism and defeat the gangs “Daash.” and the United States announced its support respond to a strong and coordinated attack Mosul and willingness to provide the necessary assistance to the Iraqi authorities. has crossed... 

Oil Minister: Declaring a state of emergency in the country will not affect oil exports

Posted by on Jun 11, 2014 | Leave a Comment

Oil Minister Abdul Karim Lyaibi announce on Tuesday that the declaration of a state of emergency in the country will not affect oil exports. He said in a press statement that the declaration of a state of emergency will not affect Iraq’s exports of crude oil. Speaker of the House of Representatives Osama Nujaifi selected a date next Thursday to hold emergency meeting to discuss the security situation in the country. The... 

Washington: We will give the necessary assistance to the Iraqi government its war against terrorism

Posted by on Jun 11, 2014 | Leave a Comment

Announced that the U.S. State Department, on Tuesday, that the United States will provide the necessary assistance to the Iraqi government its war against terrorism. The channel quoted Iraqi Newsflash her for the U.S. State Department as saying, “The United States will provide the necessary assistance to the Iraqi government its war against terrorism,” stressing that “the United States supports a strong and coordinated... 

UN Security Council calls leaders of Iraq for forming next Government

Posted by on Jun 10, 2014 | Leave a Comment

The United Nations Security Council late Thursday encouraged Baghdad and Erbil to reach an accord on all pending subjects, including energy exports and revenue sharing in line with Iraq’s international commitments. Council President Russian Ambassador Vitaly Churkin issued a press statement one day after the 15 members were briefed by UN Special Envoy for Iraq Nickolay Mladenov, who is also the Head of the UN Assistance... 

Iraq BAGHDAD – We call on developed countries to invest in Iraq

Posted by on Jun 10, 2014 | Leave a Comment

Industry seeks to promote textile products Hammoud: We call on developed countries to invest in Iraq BAGHDAD – time confirmed the administrative agent of the Ministry of Industry and Minerals Mackie wondrous Hammoud during an inspection visit to the company’s factories for Textile Industries, a subsidiary of the ministry (the need to improve the productive activities of this company and attention to legal... 

Iraqi Banking Sector keeps growing

Posted by on Jun 09, 2014 | Leave a Comment

Iraq’s largest financial institution North Bank has plans to grow into an ever bigger institution and contribute further to the economic development of the country. The bank is already one of Iraq’s best capitalized institutions and reached the CBI’s IQD 250 billion share capital target. The share prices of the bank have increased by over 250% since 2009. The North Bank, which is the largest private sector bank... 

Iraq oil exports increase by 8% in May

Posted by on Jun 06, 2014 | Leave a Comment

Iraqi oil exports increased by eight percent in May according to the spokesman for the Ministry of Oil in Iraq last Sunday, but the number remains below the government’s target for 2014. The average exports reached in May, 2.582 million barrels per day, up from 2.39 million bpd in April, but below the target level of 3.4 million barrels per day for the current year. The target level includes 400 thousand barrels per... 

Iraqi judiciary is discussing with the U.S. to activate the strategic agreement between the two countries

Posted by on Jun 05, 2014 | Leave a Comment

Baghdad … met federal judicial power, on Tuesday, with the U.S. side to activate the terms of the strategic cooperation between Iraq and the United States in the field of justice, the parties stressed the keenness of the members Alganhalmstrkh to achieve the desired goals of the conclusion of the Convention. According to the site Judicial Council, said the head of the judiciary Judge Medhat al-Mahmoud in the opening... 

Zain develop secure financial worth 18.6 million dollars at the Communications and Media Commission

Posted by on Jun 04, 2014 | Leave a Comment

Announced Mobile Telecommunications Co (Zain) that, further to its previous declaration concerning the financial penalty imposed by the Iraqi government on the mobile phone companies in Iraq and special level of service performance, including Zain Iraq, owned by 76% of Zain Group, please be advised that the company may have to deposit an amount of U.S. $ 18.6 million have Communications and Media Commission of Iraq pending... 

Gold falls in the longest losing streak in 7 months

Posted by on Jun 04, 2014 | Leave a Comment

Gold fell for the fifth straight session on Monday, recording the longest losing streak since November (November) and record its lowest level in four months due to rising stock prices and weak demand in Asia today. The gold fell to 1240.69 dollars per ounce, the lowest level since early February, before recovering slightly to 1243.40 dollars by the time 0633 GMT. The current wave of landing the longest since the period... 

A Power Struggle of a Different Kind

Posted by on Jun 04, 2014 | Leave a Comment

While much of the world’s media focuses, understandably, on the contest to form the next government, a power struggle of a different kind has come to a head between the central government in Baghdad and the semi-autonomous Kurdistan Regional Government in Erbil. In what many regard as a milestone for Kurdish independence, the first tanker of Kurdish crude oil sailed for Europe at the end of last week from the Turkish... 

Iraq Stock Market Report

Posted by on Jun 03, 2014 | Leave a Comment

Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 15th May 2014). The RSISX index ended the week at ID1,843 (-0.9%)/ $1,958 (-0.9%) (weekly change). The number of week traded shares was 2.9bn and the weekly trading volume was ID4.8bn ($3.9mn) ISX Company Announcements Asiacell’s (TASC) 1Q14 (unaudited) financial results: P&L (Quarterly) – 1Q14: Sales: IQD512.9bn, -9% y/y, EBITDA: IQD230bn,... 

Kurdistan Risks Isolation by Exporting Oil

Posted by on Jun 03, 2014 | Leave a Comment

The announcement this month that the Kurdistan Regional Government (KRG) was exporting oil independently of the Iraqi central government was an attempt to impose a new reality on the ground before proceeding with negotiations on the formation of a new Iraqi government. This move, however, will have an impact on the negotiations that goes beyond relations between Baghdad and Erbil. It not only annoyed Prime Minister Nouri... 

Iraq House of Representatives: optimism toward the U.S. decision on the lifting of the immunity from Iraqi funds, and calling him a positive step

Posted by on Jun 02, 2014 | Leave a Comment

The members of the House of Representatives optimism toward the U.S. decision on the lifting of the immunity from Iraqi funds , and calling him a positive step . The United States’ commitment to the protection of Iraq’s money and his assets have been proven in the strategic partnership agreement signed between Iraq and the United States in 2008. Been renewed as protection money to the U.S. for two consecutive... 

Big changes planned for Iraqi stock markets

Posted by on Jun 02, 2014 | Leave a Comment

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. Summary⎙ Print While Iraq’s elections have been the focus of international news, Iraq’s stock market has eased requirements for custodians to hold shares. Author Melissa Hancock Posted May 20, 2014 As part of an effort to liberalize... 
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