PRA: (Second Pilot) Episode 2

Posted by on Dec 10, 2016 | 1 Comment

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PRA: Episode 1 Election Results

Posted by on Dec 05, 2016 | Leave a Comment

Stratfor Deputy Editor Lynn Wise and Military Analyst Sim Tack discuss Turkey’s recent incursion into Syria and the complicated alliances involved.

Posted by on Oct 05, 2016 | Leave a Comment

Sign-up for Patriot Radio America, Email and News Letter

Posted by on Oct 04, 2016 | Leave a Comment

During the debates on the adoption of the Constitution, its opponents repeatedly charged that the Constitution as drafted would open the way to tyranny by the central government. Fresh in their minds was the memory of the British violation of civil rights before and during the Revolution. They demanded a “bill of rights” that would spell out the immunities of individual citizens. Several state conventions... 

Sign up for Patriot Radio America

Posted by on Oct 04, 2016 | Leave a Comment

On September 25, 1789, the First Congress of the United States therefore proposed to the state legislatures 12 amendments to the Constitution that met arguments most frequently advanced against it. The first two proposed amendments, which concerned the number of constituents for each Representative and the compensation of Congressmen, were not ratified. Articles 3 to 12, however, ratified by three-fourths of the state... 

Under Construction

Posted by on Oct 04, 2016 | Leave a Comment

During the debates on the adoption of the Constitution, its opponents repeatedly charged that the Constitution as drafted would open the way to tyranny by the central government. Fresh in their minds was the memory of the British violation of civil rights before and during the Revolution. They demanded a “bill of rights” that would spell out the immunities of individual citizens. Several state conventions... 

Welcome

Posted by on Oct 04, 2016 | Leave a Comment

During the debates on the adoption of the Constitution, its opponents repeatedly charged that the Constitution as drafted would open the way to tyranny by the central government. Fresh in their minds was the memory of the British violation of civil rights before and during the Revolution. They demanded a “bill of rights” that would spell out the immunities of individual citizens. Several state conventions... 

Kurds Agree to New Iraq Government, Opening Door to US War Strategy

Posted by on Sep 16, 2014 | Leave a Comment

BAGHDAD, Iraq – Embattled Iraq’s Shiites, Sunnis and Kurds cobbled together a last-minute government on Monday, as Washington said it needed an administration in place immediately before stepping up its role in the war. Saleh al-Muttlaq , a Sunni, and Hoshyar Zebari, a Kurd, were sworn in as deputies to the Shiite Prime Minister Haidar al-Abadi, in a power-sharing deal that broke weeks of deadlock. Iraq’s Kurdish... 

Hungarian companies want to enter the market to invest in Iraq

Posted by on Sep 15, 2014 | Leave a Comment

announced the Baghdad Chamber of Commerce, the desire of companies to enter the Hungarian market to invest in Iraq, through the implementation of large investment projects, especially in the industrial sector, while expressing its readiness to provide all facilities to foreign companies for the purpose of investment in Iraq. The head of the Baghdad Chamber of Commerce Jaafar al-Hamdani told / JD /: “There is a great... 

Rafidain Bank: ATM is part of the evolution of the payments system

Posted by on Sep 15, 2014 | Leave a Comment

Baghdad He Rafidain Bank (ATM) step have a positive impact on the movement of daily trading to individuals and companies. The bank said in a statement received by the Agency for News News (et) “The ATM is part of the evolution of the payments system in the developed world economically,” and that “the provision of such advanced technology facilitates the deposit and withdrawal of citizens without the... 

NATO waits a government of national unity in Iraq to intervene militarily

Posted by on Sep 05, 2014 | Leave a Comment

A political source said that “there is a large external pressures on the political blocs to form the government on Thursday or Friday to ensure the NATO’s help for Iraq militarily to eliminate the Islamic State in Iraq and Syria.” The source told the National Iraqi News Agency / NINA / “The leaders of the NATO will hold a meeting on Thursday and Friday in Wales to discuss a number of the files including, the possibility... 

Negotiations of forming the government stumbled

Posted by on Sep 05, 2014 | Leave a Comment

parliamentary source, close to the Iraqi forces coalition, confirmed that the “negotiations on the declaration of the new government continued to dawn today without reaching a consensus around it.” He said in a statement to the National Iraqi News Agency / NINA / “The negotiations lasted to the dawn today and the new thing is this matter there is a reluctance in the negotiations, and it may back to earlier square... 

U.S.: Obama Troops Will Not Return To Iraq

Posted by on Aug 27, 2014 | Leave a Comment

U.S. President Barack Obama stated Aug 27; the United States will not commit troops to Iraq, and that Iraqi citizens are ultimately responsible for ending the conflict. Still the unites states will continue to keep options on the table and with unity with other partners, help deal with the militants in Iraq.  Read More →

Iraq: Iran to Send Arms to Kurdish Forces

Posted by on Aug 27, 2014 | Leave a Comment

Iran is the first nation to send arms to the Kurds fighting the Islamic State, President Massoud Barzani stated, at a joint news conference with Iranian Foreign Minister Javad Zarif,  also Zarif reported that Iran was sending forces to fight jihadist militants in Iraq // #gallery-1 { margin: auto; } #gallery-1 .gallery-item { float: left; margin-top: 10px; text-align: center; width:... 

Iraq: Baghdad to Break Amerli Siege

Posted by on Aug 27, 2014 | Leave a Comment

Baghdad is preparation to break a two-month Islamic State hold on the Shiite town of Amerli, troops have gathered in Tuz Khurmatu, Salahuddin province north of Amerli on Aug. 27, Iraqi army lieutenant general stated, thousands of Shiite militiamen, and Security forces are also mobilizing in the Jabal Hamrin area, it has also been reported the Iraqi military has been conducting airstrikes against the Islamic State. //... 

Iraq: Kurdish Launch Operation to retake the town of Jalawla

Posted by on Aug 22, 2014 | Leave a Comment

Iraqi Kurdish Peshmerga forces have began operations, the mission to retake the town of Jalawla from Islamic State fighters (ISIS), Airstrikes have been reported bombing the Islamic State in the towns of Jalawla and Saadia. //    Read More →

Iraq: The U.K have committed to Help Baghdad Fight Against The Islamic State (ISIS)

Posted by on Aug 22, 2014 | Leave a Comment

The U.K.  has dedicated Military support to help stop the advance of Islamic State militants (ISIS), The British Foreign Secretary Philip Hammond stated Aug. 22, cooperating with the Iraqi government against Islamic State is the only way to effectively fight the advance of the sectarian group. //    Read More →

Iraq: Germany Sending Arms To help the fight against ISIS

Posted by on Aug 21, 2014 | Leave a Comment

The German government has announced that a shipment of arms from Germany to  help Kurdish forces push back the Islamic State in Iraq, This is a major turn for the German Government, attitude from the past and based on post-wwII German law, not to get involved with other countries conflicts. //      Read More →

Iraq: Kurdish Ministers Participating in the Iraqi Government again.

Posted by on Aug 21, 2014 | Leave a Comment

The Kurdish Ministers that had left and stopped their participation in the Iraqi government are once again apart of the administration, The Kurdish ministers pulled out of the administrating after Prime Minister Al-Maliki accused the Kurds of harboring terrorists after the ISIS launched attacks in northern Iraq last June. also see: Iraq: Sunni Leaders stated wanting to Join new Government under Conditions http://theiraqijournal.com/iraq-sunni-leaders-stated-wanting-to-join-new-government-under-conditions/ ... 

Iraq: ISIS Losing Ground in Iraq, Iraqi and Kurdish forces score victories over ISIS

Posted by on Aug 19, 2014 | Leave a Comment

Iraqi and Kurdish security forces have had recent victories on the battlefield against Islamic State fighters, the Iraqis’ and Kurds’ have launched a counteroffensive into north of Mosul, taking back villages and The Mosul Dam, Both Iraqi and Kurdish security forces are gaining territorial control, with their success depends on the supported largely from foreign airstrikes and a combination of Sunni militia.... 

Iraq: Sunni Leaders stated wanting to Join new Government under Conditions

Posted by on Aug 18, 2014 | Leave a Comment

Iraqi Sunni tribal and religious leaders spearheading the uprising against ex Prime Minister Nouri al-Maliki and other provinces are stating a willingness to join the new Government under certain conditions, spokesman Taha Mohammad al-Hamdoon stated Aug. 15, and a list compiled with demands will be submitted to the new Shiite Prime Minister Haider al-abaci. //  Read More →

Iraq: President Obama “Mosul Dam Retaken from ISIS militants”

Posted by on Aug 18, 2014 | Leave a Comment

U.S. President Barack Obama announced to reporters Aug. 18 , U.S. warplanes helped Iraqi Special Forces retake the Mosul Dam from ISIS militants, Mosul Dam electricity to Mosul, and is one of the biggest Dams in Iraq. Iraqi Special Forces and U.S. officials worried ISIS militants would to blown up the dam and cause floods parts of Iraq.   //  Read More →

Project will lead to reducing the rate of the national currency in circulation from four billion to one billion notes

Posted by on Aug 18, 2014 | Leave a Comment

A member of the Finance Committee MP / coalition of Kurdish blocs / Dler capable, that the relative improvement of the value of the Iraqi dinar against the dollar during the current period, making some states want to deal with it. He is capable of: that the Iraqi dinar is improving day after day, thanks to the new monetary policy pursued by the central bank, prompting some countries such as India and neighboring countries... 

Iraq: Kurdish forces launch offensive to retake Mosul Dam

Posted by on Aug 17, 2014 | Leave a Comment

Developing: Kurdish forces have launched a ground offensive to take back control one of Iraq’s largest dams, the Mosul dam was taken over by ISIS militants earlier in the rebel campaign on Aug 7th Earlier Saturday morning U.S. fighter and a remotely-piloted aircraft executed at least nine airstrikes, the strikes destroyed seven armed vehicles, two Humvees and at least 4 personnel carriers and  several armored vehicles ... 

US launches 6 airstrikes to help Iraqi forces retake Iraqi dam

Posted by on Aug 16, 2014 | Leave a Comment

The United States Military have  launched several new air strikes in Iraq at Islamic State, targeting members ISIS militant group who have taken over one of the country’s largest dam. ISIS seized the dam late last month in its broad attack across northern Iraq. Six air strikes have been launched on Saturday.  The air strikes have been carried out at the request of the government of Iraq, //    Read More →

Iraq’s New Prime Minister, Top Cleric Urge Country To Unite

Posted by on Aug 16, 2014 | Leave a Comment

 Iraq’s most influential cleric, Grand Ayatollah Alial-Sistani, threw his weight on Friday behind the new prime minister, calling for national unity to contain sectarian bloodshed and an offensive by Islamic State militants that threatens Baghdad. Speaking after Nuri al-Maliki finally stepped down as prime minister under heavy pressure from allies at home and abroad, the spiritual leader of Iraq’s Shi’ite... 

Iraq: President Barack Obama, U.S. Airstrikes will continue, and are committed to the mission

Posted by on Aug 15, 2014 | Leave a Comment

Iraq: President Barack Obama, U.S. Airstrikes will continue, and are committed to the mission U.S. President Barack Obama Stated Aug. 14 that U.S. Military will continue to carry out airstrikes in Iraq to protect U.S. personnel in the country,   //  Read More →

Iraq: France, U.K. committed to Directly Support Kurdish Fighters

Posted by on Aug 15, 2014 | Leave a Comment

France stated it’s commitment to increase its support to Kurdish fighters in northern Iraq after a phone call between French President Francois Holland and Iraqi President Fuad Massum, Hollande also confirmed the delivery of military equipment and humanitarian aid. The British Prime Minister David Cameron stated he and the British government is fully prepared to supply weapons to Iraqi Kurdish forces, //  Read More →

Iraq: Nouri Al-Maliki Withdraws Prime Minister Candidacy

Posted by on Aug 14, 2014 | Leave a Comment

Iraqi Prime Minister Nouri al-Maliki through international pressure and abandonment from Iranian support has withdrawn his candidacy for the seat of prime minister, Maliki gave his support to the New appointed Prime Minister Haider al-Abadi Maliki announces he wants to remain in the political process, asking for the post of vice president in the next government, //    Read More →

Iraq: U.S. Still Considering Sending in Ground Troops to help Refugees

Posted by on Aug 14, 2014 | Leave a Comment

U.S. Deputy National Security Advisor Benjamin Rhodes on Aug. 13, stated “the White House would consider sending forces to rescue Yazidi refugees in Iraq” if U.S. military advisors already deployed recommend it, AP reported. Rhodes also spelled out the difference between using troops for aid and rescue versus fighting ISIS, which President Obama continues to oppose. 130 additional military personnel arrived in Baghdad... 

Iraq: U.S. Special Forces after conducting reconnaissance to Leave Sinjar Mountains

Posted by on Aug 14, 2014 | Leave a Comment

20-30 U.S. Military Special Forces have left the Sinjar Mountains in northern Iraq on Aug. 13, after a reconnaissance mission to measure the ongoing situation in the Northern Iraq. //    Read More →

Iraq: Iranian has abandon Noiri al-Maliki, Iran’s Supreme Leader Backs Iraq’s new Prime Minister-Designate

Posted by on Aug 13, 2014 | Leave a Comment

Iranian Supreme Leader Ayatollah Ali Khamenei joined senior Iranian officials in welcoming Iraq’s prime minister-designate, Haydar al-Adadi, BBC reported Aug. 13. The welcome indicates that Iraqi incumbent Prime Minister Nouri al-Maliki has lost the patronage ofTehran, his largest supporter in the region. //  Read More →

Iraq: Power shift

Posted by on Aug 13, 2014 | Leave a Comment

Prime Minister Nouri al-Maliki has lost the majority of Iraq’s Shiite leadership; by announcement the leadership will be in full support for the newly appointed prime minister-elect, former Deputy Speaker of Parliament Haider al-Abadi. Al-Abadi is a senior leader and Member of Parliament in Iraq’s Shiite Islamist Hizb al-Dawah party as well as al-Maliki’s own State of Law coalition. Also, Political... 

Iraq: France to Arm Kurdish Fighters, EU Expresses Support

Posted by on Aug 13, 2014 | Leave a Comment

French President Francois Hollande announced that the country would arm the Kurds in northern Iraq fighting against the Islamic State, AFP reported. Also The German’s Foreign Ministry has stated they are considering aid and military equipment. //  Read More →

Iraq: U.S. Vice President in a phone call Monday Aug 11, Congratulates New Prime Minister Nominee

Posted by on Aug 11, 2014 | Leave a Comment

August 11, 2014  U.S. Vice President Calls Prime Minister Nominee, Haider al-Abadi,Iraq’s new designated prime minister, was congratulated on Aug, 11 on being nominated to help create the new Iraqi government. U.S. VP Biden also assured President Barack Obama’s  support for a new,  inclusive government in Iraq that is able to reach out to different  factions and combat the advances of the Islamic State. ... 

Breaking News: Iraqi president names new prime minister

Posted by on Aug 11, 2014 | Leave a Comment

Baghdad leaders moved to replace Al-maliki, also the U.S.suggest that he step aside and let someone else deal with the Sunni insurgency engulfing the nation. Iraq’s new president is pushing the incumbent Prime Minister Nouri al-Maliki out, by nominating the deputy parliament speaker Haider al-Ibadi asking him to form a new government, this move was aimed to unifying the country against radical Sunni militants in... 

Breaking News: Prime Minister Nouri al-Maliki, stated that he will not give up his post.

Posted by on Aug 10, 2014 | Leave a Comment

In a televised address Iraqi Prime Minister Nouri al-Maliki  Aug. 10 Prime Minister Nouri al-Maliki, stated that he will not give up his post.  Al Arabiya reported, Approx 90 minutes before his broadcast, the Iraqi National Army, police and counter-terrorism forces deployed across Baghdad, including around the Green Zone and Baghdad International Airport.Al-Maliki stated that Iraq’s new President has violated... 

Kurdish forces retake 2 towns from militants in northern Iraq

Posted by on Aug 10, 2014 | Leave a Comment

Kurdish forces took two towns from Islamic militants that have seized parts of northern Iraq, Kurdish military official stated, Brig. Gen. Shirko Faith “the Kurdish fighters were able to push the militants of the Islamic State group out of the villages of Makhmour and al-Gweir, some 27 miles from Irbil”. The United States military announced a fourth airstrike Sunday against militant vehicles and mortars firing on... 

National security official defends Obama’s Iraq strategy

Posted by on Aug 10, 2014 | Leave a Comment

Deputy National Security Advisor Ben Rhodes joins Judy Woodruff to discuss the Obama administration’s decision to launch airstrikes and drop humanitarian aid inside Iraq. Rhodes answers conservative criticism that the U.S. needs a stronger military strategy, as well liberal criticism that military intervention is a slippery slope.   // _//  Read More →

Third round of airstrikes against Islamic State forces by the U.S. Military

Posted by on Aug 09, 2014 | Leave a Comment

Third round of airstrikes against Islamic State forces by the U.S. Military U.S.military forces conducted four airstrikes today against the Islamic militants (ISIS) in Iraq Saturday mid-noon, destroying armored vehicles firing on civilians, US military officials stated U.S. Central Command stated the airstrikes against militants (ISIS), the strikes were spread out, with three before noon Eastern Time on Saturday and one... 

Breaking News: Prime Minister Al-Maliki’s Exit, Al-Maliki cleared the Presidential Library of his profile

Posted by on Aug 09, 2014 | Leave a Comment

After receiving assurances From the Alliance. Al-Maliki cleared the Presidential Library of his profile Agency day 8 Aug 09, 2014 Baghdad Sources are stating, they have Cleared outgoing Prime Minister Nuri al-Maliki the Prime Minister’s Office from his personal and sensitive files. The Office said Al-Maliki told ((day)) that the eviction process initiated since the early hours of Friday evening, Al-Maliki needs... 

Baghdad is sending a C-130 cargo plane to help arm the Kurds

Posted by on Aug 08, 2014 | Leave a Comment

According to Reuters, Baghdad is sending a C-130 cargo plane to help arm the Kurds in Northern Iraq, the Peshmerga Forces are in Arbil, facing a possible push from the ISIS militants  Baghdad and Washington are working together closely to make sure more delivery of small arms will be conducted. //  Read More →

Developing: The United States Military has conducted a second airstrike on targets near Irbil

Posted by on Aug 08, 2014 | Leave a Comment

The United States Military has conducted a second airstrike on targets near Irbil. Rear Admiral John Kirby stated the U.S. has launched two more airstikes to help defend Irbil, where U.S. personnel are “assisting the government of Iraq.” Admiral John Kirby also stated Drones were used in the operation unmanned piloted aircraft dropped payload on a terrorist mortar position. ISIS militant fighters returned... 

US military hit terror targets in Iraq, airstrikes conducted from the USS George HW Bush in the Persian Gulf

Posted by on Aug 08, 2014 | Leave a Comment

a “targeted” airstrike on Friday against ISIS militants in Iraq, In a speech Thursday evening President Obama Commented on giving US air support to help Protect Minority groups , Iraqi civilians, and U.S. Personal. Secretary Rear Adm, John Kirby announced Friday the U.S. military conducted an airstrike using 500-pound bombs on artillery used to shell the Northern Kurds. The strike was conducted approximately 6:45... 

Security Council calls to support Iraq in its confrontation with ISIS

Posted by on Aug 08, 2014 | Leave a Comment

UN Security Council called to support Iraq in its struggle with terrorist ISIS . British ambassador to the United Nations Mark Lyall Grant, president of the Security Council for this month appealed the current members of the Security Council and the international community to support the Government and people of Iraq, and to do everything to alleviate the suffering of the affected people by the ongoing armed conflict... 

US to Give Kurdish Forces Air Support

Posted by on Aug 07, 2014 | Leave a Comment

has learned from a high-level American official that the United States has offered the Kurds air support in their fight against the Islamic State of Iraq and Syria (ISIS). The official source who didn’t want to be named said that the US would also provide the Kurdish Peshmerga with arms and military expertise. The American offer is said to include humanitarian aid to be transported by air to the people of Shangal and... 

Iraq: Kurdish Forces Coordinate To Counter Islamic State

Posted by on Aug 06, 2014 | Leave a Comment

Iraqi Kurdistan’s Peshmerga coordinated a counteroffensive against the Islamic State with Kurdish forces from Syria and Turkey, a political leader said Aug. 6, Yahoo News reported. Fighters affiliated with Turkey’s Kurdistan Worker’s Party and Syria’s Democratic Union Party are reportedly leading operations in the Sinjar area while Iraqi Peshmerga forces focus on securing areas around Mosul. Baghdad... 

Secretary General meets with the U.S Ambassador

Posted by on Aug 06, 2014 | Leave a Comment

The secretary general of the Islamic Virtue Party, Hashem al-Hashemi discussed with United States Ambassador in Baghdad, Robert Stephen Beecroft, security and political situation in Iraq. The secretary-general, according to a statement of the Virtue Party, expressed hope that the National Alliance reaches to consensus on the nomination of its candidate for prime minister during the constitutional period, and form a government... 

Barzani and Oglu discuss the security and political developments in Iraq

Posted by on Aug 06, 2014 | Leave a Comment

Erbil / NINA / The President of Kurdistan, Massoud Barzani received on Tuesday a phone call from Turkish Foreign Minister Ahmet David Oglu. An informed source said that they discussed the latest developments in the area of Sinjar and the political situation in Iraq, adding, that the two sides also discussed the humanitarian aid provided by Turkey. / End // LINK  Read More →

Iran: Official Says Country Is Seeking Successor To Iraqi al-Maliki

Posted by on Aug 05, 2014 | Leave a Comment

August 5, 2014 | 1311 GMT A senior Iranian official said Aug. 5 that Tehranis currently in talks with Iraqi factions to find a replacement for Iraqi Prime Minister Nouri al-Maliki, Reuters reported. Like al-Maliki, Iraq’s next head of state will almost certainly be beholden to Tehran. //    Read More →

Maliki instructs Air Force to support Kurdish Peshmerga forces

Posted by on Aug 05, 2014 | Leave a Comment

Baghdad (AIN) –The Premier, Nouri al-Maliki, instructed the Air Force to support the Peshmerga forces fighting the ISIL terrorists. The spokesperson of the General Commander of the Armed Force, Qasim Atta, stated in a press statement “Maliki instructed the Air Force to support the Peshmerga forces while fighting the ISIL terrorists.” /End/ // LINK  Read More →

Shi’ite lawmakers: the rule of law disintegrated

Posted by on Aug 04, 2014 | Leave a Comment

said three of the deputies, on Saturday, that’s insistence reference Najaf on the application of the principle of “Change and Reform,” which advocated by most of the national forces, may resolve the position of most of the parties within the National Alliance, which has become convinced of providing an alternative candidate for Nouri al-Maliki, head of the caretaker government, pointing out that the Liberals and... 

The importance of the projects to stimulate the economy

Posted by on Aug 04, 2014 | Leave a Comment

Baghdad Yasser incumbent showed the circumstances in the country, the importance of small and medium enterprises, which has long advocated by economists, and despite efforts by some private banks in the formation of a coalition between some of them in the founding of the company in support of these projects Aln importance emerged in the current stage, especially after closing Some border supply source of those products. Perhaps... 

Prime Minister Maliki withdraws from 3rd term candidacy

Posted by on Jul 31, 2014 | Leave a Comment

On Wednesday, the MP for the Liberal bloc, Riad al-Saadi indicated that the National Alliance has five candidates for the post of prime minister, including al-Jaafari and al-Shahristani while noting that the outgoing Prime Minister, Nuri al-Maliki, withdrew his candidacy for the post because of political pressure. Saadi said, in an interview for IraqiNews.com, that “the National Alliance has five candidates for the... 

Speaker: the situation in Iraq and the country’s complex federal state indivisible

Posted by on Jul 23, 2014 | Leave a Comment

Speaker: the situation in Iraq and the country’s complex federal state indivisible BAGHDAD / Baghdadi News / .. The head of the Iraqi parliament, Salim al, said on Sunday that the situation taking place in Iraq is complex, noting that federal, state indivisible. The House of Representatives voted at its third meeting held Tuesday (15/07/2014), a majority on the assumption MP Salim al-president of the Council at... 

Adoption of the local currency in commercial transactions boosted worth

Posted by on Jul 22, 2014 | Leave a Comment

financial expert Ali Fukaiki importance of adopting measures trade in local currencies across the border for its role in facilitating the smooth flow of traffic of goods and international cargo across the countries that adopt this process. added in an interview with “morning” that cross-border trade in local currencies in vogue among the countriesthe world, pointing to the importance of activating the measures... 

New Parliament Speaker: Iraq ‘Cannot be Divided’

Posted by on Jul 21, 2014 | Leave a Comment

The new speaker of the Iraqi parliament said in a televised interview that “Kurds believe in the constitution” and the country “cannot be divided.” Salim al-Jabouri also told Arabic Sky News that that Prime Minister Nuri al-Maliki remaining in office for a third run is only a “weak possibility.” Jabouri, who was elected last week as Iraqi MPs and politicians grapple with a country in upheaval, acknowledged... 

Breaking News, Washington Post: Maliki will announce his resignation

Posted by on Jul 17, 2014 | Leave a Comment

According to the Washington Post, quoting media sources, especially by Iraqi Prime Minister Nuri al-Maliki will announce his resignation within days, indicating he would support an independent candidate to succeed him, the newspaper said in a news Mguetillt published on Wednesday that al-Maliki agreed to step down from running for a third term, provided that the method appropriate to his person and reservation prestige,... 

Iraq has entered the division tunnel

Posted by on Jul 17, 2014 | Leave a Comment

The head of the Watania Coalition, Iyad Allawi confirmed that Iraq has already entered the tunnel of division because of accumulated errors and sectarian policies of the government, headed by Prime Minister Nuri al-Maliki. Allawi said in a press statement that “the shadow of division is set up heavily on Iraq, and there must be decisive and critical positions to stop the deterioration and restore Iraq’s stability,... 

Parliament elects Haider al-Abadi as Deputy Speaker

Posted by on Jul 16, 2014 | Leave a Comment

Iraq’s parliament elected the MP for the State of Law Coalition, Haider al-Abadi, to serve as the 1st Deputy Speaker of Parliament after he received 188 votes. The correspondent of IraqiNews.com in Parliament said that the members of Parliament voted this afternoon on the choice of MP Haider al-Abadi for the post of first deputy speaker. The correspondent added that al- Abadi got 188 votes, while 76 votes were considered... 

Iraq elects new parliament speaker, Saleem al-Jobouri

Posted by on Jul 16, 2014 | Leave a Comment

The parliament voted on Saleem al-Jobouri, as its Speaker. Jobouri has got 194 votes, whereas Ishraq al-Abaichi, who was nominated for the same post has got 19 votes. // LINK  Read More →

Miladinov: election presiding officers of Parliament is an important step for the resumption of the democratic process in Iraq

Posted by on Jul 16, 2014 | Leave a Comment

He welcomed the Special Representative of the Secretary-General of the United Nations in Iraq, Nikolai Mladenov to elect the House of representatives on Tuesday new presidential body. Miladinov said in a statement, by the way, every Iraq received IGN that “Salim Al-jubouri, and Haider Ebadi and Mohammad misfit team, I am confident that all political blocs will support their efforts to find compromises and agreements... 

Central Bank issued Services (Visa card) to reduce the phenomenon of carrying cash

Posted by on Jul 14, 2014 | Leave a Comment

Follow-up – and babysit – Central Bank announced the issuance of a system of electronic payment services for money (Visa card) to reduce the phenomenon of pregnancy and money circulation. According to a statement of the bank, “the aim of developing financial and banking sector in Iraq and reducing the phenomenon of pregnancy and trading coins and create an atmosphere of competition between financial institutions... 

CBI: Use of electronic payment system

Posted by on Jul 11, 2014 | Leave a Comment

Central Bank of Iraq, on Thursday, the use of electronic payments system for the settlement of the instruments between governmental institutions and banking. The bank said in a statement received news agency pratha a copy of it, he was “in order to develop financial and banking sector in Iraq and reducing the phenomenon of pregnancy and the circulation of money, it has been taking a number of measures in the automation... 

Iraq: Examining the Professed Caliphate

Posted by on Jul 10, 2014 | Leave a Comment

Summary The Islamic State, previously known as the Islamic State in Iraq and the Levant, has changed its name, but otherwise the militant group remains the same. Over the past weekend, a spokesman for the group announced that it had established a caliphate stretching from Diyala province, Iraq, to Aleppo, Syria. The caliphate is a political institution that the Islamic State claims will govern the global Muslim community.... 

Minister: Oil Sector Secure

Posted by on Jul 10, 2014 | Leave a Comment

Oil Minister Abdul Kareem al-Luaibi [Elaibi] has said that the Iraqi government is dedicated to supplying the ideal safe environment for international companies working in Iraq: “Work in oil refining facilities and oil fields is normal and the ministry has supplied the extra protection needed for those locations by coordinating with security authorities and energy officials.” Meanwhile, according to UPI, the U.S.... 

Surprise! No one was surprised by ISIS sweep

Posted by on Jul 09, 2014 | Leave a Comment

When ISIS sacked Mosul and Tikrit and threatened Kirkuk and Baghdad, the world seemed shocked — especially the Obama administration, which had long maintained that Iraq could defend its own borders. The sudden change in fortunes exposed how hollow the Iraqi army has become and highlighted the power manipulation of America’s ally Nouri al-Maliki, which left Iraq divided along sectarian lines in its greatest crisis... 

ISIS losing ground in Iraq, gaining it in Syria

Posted by on Jul 08, 2014 | Leave a Comment

The Iraqi government may be finally enjoying some military successes in their struggle to roll back the advancing Sunni Islamic militant group ISIS. On Thursday night, according to Baghdad, the Iraqi army recaptured the city of Awja, Saddam Hussein’s birthplace. “Backed by helicopter gunships and helped by Shi’ite Muslim volunteers, the army recaptured the village of Awja in an hour-long battle on Thursday night,... 

Nujaifi discuss with the U.S. and British ambassadors the constitutional requirements, and nomination of candidates for the three presidencies

Posted by on Jul 08, 2014 | Leave a Comment

BAGHDAD / Nina /Head of Mottahidoon Lilislah / united for reform / coalition , former Speaker Osama Najafi, discussed with U.S. and British ambassadors in Baghdad, Stephen Beecroft and Simon Cowles, in separate meeting held yesterday evening the constitutional requirements, and the nomination of candidates for the three presidencies, as well as work for the formation of a government of national unity guarantee the rights... 

Barzani calls on al-Sistani to prevent al-Maliki to become PM again

Posted by on Jul 03, 2014 | Leave a Comment

Erbil / NINA / President of Kurdistan, Massoud Barzani sent on Wednesday a message to the religious authority, Ali al-Sistani, urging him to intervene with the aim not to allow Prime Minister Nuri al-Maliki in the job for a third term. Head of the Kurdistan Democratic Party in the House of Representatives Khosro Goran said in a press statement today that the message also includes an emphasis on the spirit of Arab-Kurdish... 

Events in Iraq raises the price of gold and the dollar rise delay

Posted by on Jul 03, 2014 | Leave a Comment

Gold rose to its highest level in three months on Tuesday, boosted after the fall of the dollar and the worsening violence in Iraq, the appeal of the precious metal, which increased flows from the largest fund, backed with gold. Gold climbed in online transactions to 1332.10 dollars an ounce, its highest level since the twenty-fourth of March, and gold settled at 1327 dollars per ounce, and gold rose about 1 percent in... 

Kurds, Sunnis Walk Out of Iraq’s First Parliament Session

Posted by on Jul 02, 2014 | Leave a Comment

BAGHDAD, Iraq – Sunnis and Kurds walked out of the Iraqi Parliament’s first session on Tuesday, jeopardizing efforts at putting together a unity government to confront a jihadi-led offensive that threatens to rip Iraq apart. The Parliament had convened as pressure mounted on the Shiite Prime Minister Nouri al-Maliki to step down amid a crisis that has seen jihadi-led insurgents capture much of northern Iraq. The legislators... 

Central Bank gives Bank of the economy limited powers to reduce losses

Posted by on Jul 02, 2014 | Leave a Comment

BAGHDAD – Iraq Press -30 June: Central Bank of Iraq, Monday, for determining work assignments in Economy Bank for Investment and Finance reality under the tutelage of the bank in order to maximize the Bank’s financial resources to the limit, and work to reduce losses to a minimum. The Director General of the Directorate of banking and credit control Abdul Abbas Khalaf Sultan said in a statement reported L... 

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... 

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... 

2014 Election: Iraqi voters flock to polling stations to cast their ballots

Posted by on Apr 30, 2014 | Leave a Comment

Influx of voters in Baghdad and the provinces to the polling stations to cast their votes in parliamentary elections. A reporter channel Euphrates today that “the masses of voters flocked morning at the polling stations to cast their votes in the parliamentary elections.” And the start of Wednesday morning, the public vote for the parliamentary elections in the country amid intense security measures. 9:06 update:... 

8 billion dollars in oil revenues last March

Posted by on Apr 29, 2014 | Leave a Comment

BAGHDAD – Sabah Oil Ministry announced that the exported quantities of crude oil and the revenue for the month of March, according to the statistical final issued by the Iraqi Oil Marketing Company amounted to 74.300000 seventy-four million and three hundred thousand barrels while revenues were 7,507 seven billion five hundred and seven million dollars. spokesman of the Ministry of Oil Assem Jihad said in a press statement:... 

Expectations of an increase of non-oil revenues by 32 percent

Posted by on Apr 28, 2014 | Leave a Comment

Baghdad – Mostafa Hashemi At the time predicted by the Ministry of Planning to see the revenue derived from the productive sectors of the non-oil increase 32 percent by 2017, show the need to reconsider the issue of the financial allocations to ministries and economic legislation in order to achieve better performance of the national economy and reduce dependence on oil as the sole source of the budget where accounts... 

Erbil market for securities to be opened in August

Posted by on Apr 25, 2014 | Leave a Comment

Shafaq News / Erbil market for securities board said that it has held a joint conference with the international financial institutions to mobilize financial and moral support to open the market next August. “The capital Erbil witnessed on Sunday the start of work of the International finance Cooperation (IFC) and Erbil market for securities,” According to a statement posted on Kurdistan Regional Government Site ,... 

The head of the Committee for Reconstruction: allocate 80 billion for 10 major projects

Posted by on Apr 24, 2014 | Leave a Comment

The head of the Committee for Reconstruction and services in the province of Diyala Sajid Anbuge, referred to ten major strategic projects within the plan in 2014. He said Anbuge ‘s ( IMN ), “The local government is coordinating with all relevant departments to rehabilitate a number of educational and health facilities and services in Khalis and Muqdadiyah and a number of areas of the province, in addition to the... 

Iraqi funds in the United States will not go to creditors after the lifting of immunity

Posted by on Apr 23, 2014 | Leave a Comment

committee member Abdul Hussein al-Yasiri told / JD / economic: that there is a settlement agreement with the United States was approved by Parliament in 2011, to ensure Iraq after the UN mandate continued U.S. protection to Iraqi funds in the Development Fund for Iraq. Ruled Yasiri what was said about these the money will go to creditors after the lifting of immunity, Book Now and Save at hotels.com asserting that... 

Finance parliamentary reassure wary of raising money for the protection of the Iraqi

Posted by on Apr 23, 2014 | Leave a Comment

Jim Cramer’s Action Alert PLUS Parliamentary Finance Committee reassured wary of raising U.S. protection for Iraqi funds deposited in the Development Fund for Iraq, while confirming that there is a settlement agreement approved by Parliament in 2011 to ensure the protection of those funds after the lifting of immunity. Said committee member Abdul Hussein al-Yasiri: “There is a settlement agreement with the... 

Central Bank plans to change the current currency

Posted by on Apr 22, 2014 | Leave a Comment

onfirmed the parliamentary Finance Committee approved the proposal of the Central Bank in order to reprint a new series of banknotes and change the images, while the central bank began to re-print the banknotes in Iraq. Said committee member Hassan al-Bayati (time) yesterday that the (bank’s management had submitted a proposal to the Parliamentary Committee requests by the need to reprint banknotes and change the... 

out of Chapter VII vacated the Central Bank of International Responsibilities

Posted by on Apr 21, 2014 | Leave a Comment

The views of monitors economic and financial sector and banks on the withdrawal of Iraq from Chapter VII and the impact of This is going out on its monetary policy. As the economist said Ibrahim al-Mashhadani said that “the measures taken by the Iraqi government after emerging from Chapter VII is the fact that the portfolio of financial and economic.” He said al-Mashhadani said in a statement singled out by the (Baghdad... 

al-Moussawi: We have reached an agreement with the Kurds on the budget

Posted by on Apr 18, 2014 | Leave a Comment

MP for the coalition of state law Salman al-Moussawi, on Thursday, for the coalition to reach agreement with the Kurds on the Law of the federal budget, and while noting that the position of the last change at the last minute, said that the law will pass in spite of political differences. Moussawi said for “tomorrow’s Press,” said that “some political blocs are provoking a coalition of state law concerning the... 

Iraq is still an important focus in the policy of the United States

Posted by on Apr 17, 2014 | Leave a Comment

Confirmed specialists on relations policy not to give the United States on Iraq, and that its current policy stems from the vision of Iraq and one based on the principles of good governance and activating the role of law as well as the separation of powers that you see is an important issue and that leads to genuine cooperation between the two sides. This came during a seminar organized by the Policy Council Safia Suhail... 

Iraq Buys $1.56 Bln of Gold, Biggest Purchase in 3 Years

Posted by on Apr 16, 2014 | Leave a Comment

The Central Bank of Iraq acquired the metal to help stabilize the Iraqi dinar against foreign currencies, it said in an e-mailed statement. Iraq bought 36 metric tons of gold this month valued at about $1.56 billion in the largest purchase by a nation in three years. The Central Bank of Iraq acquired the metal to help stabilize the Iraqi dinar against foreign currencies, it said in an e-mailed statement. The country... 

Alert: The reserve to support the value of the national currency

Posted by on Apr 15, 2014 | Leave a Comment

Baghdad – Mostafa Hashemi:   Suri described Balmusdh protective oil price fluctuations represents the economic stability of any country component of equal opportunities for the supply and demand for services in it, where he sees an economist that the presence of stability as well as to isolate external influences and minimize the national economy and revitalize the work of the productive sectors and solving economic... 

Central Bank reserves reach 100 billion dollars

Posted by on Apr 13, 2014 | Leave a Comment

Revealed the CBI, on Sunday, announced the arrival of its reserves of hard currency to the equivalent of 90 trillion dinars end of the month of February, while expected to continue to increase the proportion “not great” not being able to reach the barrier percent billion, attributed to the expansion in Feeding foreign trade to the private sector. The administration has said the central bank in the gallery its written... 

Great Expectations: Growth of domestic banks projected to more than 20%

Posted by on Apr 13, 2014 | Leave a Comment

BAGHDAD / JD / .. predicted association of private banks, increase the rate of growth of domestic banks during the current year to more than 20% increase in light of the public’s demand to deal with the push towards raising the level of their capital. The executive director of the Association Abdul Aziz Hassoun told / JD /: “The banking activity continuously his performance in spite of the circumstances and the crises... 

As Immunity Ends, Iraq Takes Measures to Protect its Funds

Posted by on Apr 11, 2014 | Leave a Comment

  government has taken after consultation with international experts swift measures to protect Iraq’s money abroad. comes at a time announced by the Minister of Finance Agency purity of net debt to install 20 000 component of the gainfully employed daily within Charge of the Knights in 2008 on the permanent staffing and approve the transfer of services of employees of the Ministry of Interior of the holders of... 

CBI sells gold to the public it will strengthen dinar and reduce dollarization

Posted by on Apr 10, 2014 | Leave a Comment

CBI sells gold to the public it will strengthen dinar and reduce dollarization If CBI sells gold to the public it will strengthen dinar and reduce dollarization Baidhani described monetary policy successful Baghdad – Mostafa Hashemi said the academic economic Dr Majid Baidhani that a central bank to activate the monetary policy tools and the willingness to sell gold to the public would be granted dinar greater strength... 

Central Bank announces re-printed banknotes Iraqi “pictures and more protection”

Posted by on Apr 09, 2014 | Leave a Comment

Central Bank of Iraq, on Tuesday, re-printed banknotes Iraqi pictures of new and superior protection, and in the time that indicated that the currency will continue to be traded now, confirmed that the new currency will help the blind to see the value of these categories. , the bank said in a statement received by the Agency for News News ( et al) , a copy of it, he was “re-print the new series of banknotes of Iraq... 

15 Arab and foreign banks have opened branches in Iraq since the beginning of this year

Posted by on Apr 08, 2014 | Leave a Comment

15 branches of the Arab banks or foreign country during the last three months of 2014, the current, as a result of his policy of openness to the world, noting that pulling off one branch of the Arab bank for violating the conditions laid down in the laws. The central bank said in response to questions was sent by (long-Presse) to his administration, “The Bank approved during the first three months of this year, the... 

CBI Announces 3X Increase of Reserves of Pure Gold

Posted by on Apr 07, 2014 | Leave a Comment

BAGHDAD / NINA / The Central Bank announced on Thursday the rise of its reserves of pure gold up to 90 tons , after it bought 60 tons during the last two months . According to a statement by the Central Bank of Iraq today said that the bank’s reserves of pure gold reached 90 tons, after buying 60 tons during the last two months from various sides in the framework of diversification of its reserves and supporting the... 

Follow Us On Twitter

Posted by on Apr 05, 2014 | Leave a Comment

Did you know The Iraq Journal has tweeted over 1240 times? The Iraqi Journal represents the most informative articles and reports on investing, Policy, Law, and business news involving Iraq, Join us, with the best and most important news covering Iraq, catered to investors who are involved with the great many opportunities in Iraq. We invite you to join us on twitter, and get the best quality news and reports on Iraq... 

CBI announces delivery of 90 tons of gold to support IQD

Posted by on Apr 04, 2014 | Leave a Comment

The Iraqi Central Bank, disclosed Thursday, the arrival of up to 90 tons of gold to support the value of the Iraqi dinar, stating that it contributes to the strengthening of the national economy. The Central Bank said in a statement (term), “to buy 60 tonnes of pure gold from around the world over the past two months in order to support the national currency, dinar,” Noting that “the amount of gold reserves which... 

After months of lifting the CH VII (7); CBI prepares to take over Iraq’s assets in America

Posted by on Apr 04, 2014 | Leave a Comment

after the passage of months out of Iraq from Chapter VII, is preparing the central bank eventually to raise U.S. protection imposed on the Iraqi funds deposited in the United States, step has been welcomed and raised fears at the same time about the possibility of achieving a quantum leap in the process of construction or damage the money of the Iraqi Foreign Will it be the money to the summit, “easy prey” for some... 

Money Still Flowing into Iraq

Posted by on Apr 04, 2014 | Leave a Comment

Iraq Business News:  With just four weeks left to the parliamentary elections, and all the uncertainty and risk that that brings, it is interesting to note that money is still flowing into the country and oil is still flowing out. On the production and export side, the latest figures look very positive, and Lukoil has just started production at the giant West Qurna 2 oilfield. As regards investment, we see Abu Dhabi’s... 

Central Bank announces contract for manufacturing of golden ingots.

Posted by on Apr 03, 2014 | Leave a Comment

BAGHDAD –Central bank of Iraq announced the signing of an agreement with a subsidiary of global manufacturing of golden ingots. According to a statement by the Central Bank today “In light of the decision of the Board of the Central Bank of Iraq to diversify the means of saving for the public has been contracted with one of the major companies coining global manufacturer of alloy of gold / 5 / gm to 1000 / / g to... 

Oil production will rise to 4 million barrels this year

Posted by on Apr 03, 2014 | Leave a Comment

Oil Minister Abdul-Karim and coffee, on Saturday, the West Qurna field in Iraq, the second will enable the production of four million barrels per day by the end of the year. The coffee in his speech during the opening of the West Qurna field, the second “This is a great achievement check the duration and cost of the standard,” noting that “the field is one of the giant fields of the world reserves exceeding... 

Central Bank raises for the protection of Iraqi funds abroad

Posted by on Apr 02, 2014 | Leave a Comment

Follow-up / newspaper probity – witness the next date of 5/22/2014 change economically and strategically a lift protection for Iraqi funds deposited in banks in the United States. Deputy Governor of the Central Bank of the previous appearance of Mohammed Saleh: “It’s (22 May 2014), will raise U.S. protection for Iraqi funds deposited in the” Development Fund for Iraq, “and will receive the responsibility of... 

CBI is preparing to take over Iraq’s assets in America

Posted by on Apr 01, 2014 | Leave a Comment

Jim Cramer’s Action Alert PLUS Following the passage of months out of Iraq from Chapter VII, is preparing the central bank eventually to raise U.S. protection imposed on the Iraqi funds deposited in the United States, step has been welcomed and raised fears at the same time about the possibility of achieving a quantum leap in the process of construction or damage to the funds of the Iraqi State, Is this money will... 

Gold and the Revaluation of Iraqi Dinars

Posted by on Mar 29, 2014 | Leave a Comment

Surprising the economists all over the world, the Central bank of Iraq has purchased 36 tons of gold worth $1.52 billion this month in order to help the Iraqi dinars to get stabilized against the foreign currencies. The purchase has been recorded as bigger than the purchases that have been taken place in the year of 2013. It helped Iraq to move at the 15th spot. But anyone following the recent history of Iraq’s dinar... 

Iraq seeking a global success, depending a lot on its 3 Iraqi blocks

Posted by on Mar 27, 2014 | Leave a Comment

Success in abroad for Petroliam Nasional Bhd (Petronas) has not come last year due to its international operations delivering almost 20% production growth last year. The national oil company has had to manage its portfolio delicately – especially in geo-politically charged countries, allowing it to come out ahead of many international oil companies in some of these challenging frontiers. Petronas was the first oil and... 

Iraq’s Central Bank buys 36 tons of high-purity gold bullion

Posted by on Mar 26, 2014 | Leave a Comment

Said a statement obtained by “obelisk”, a copy of “Alasttratejah as part of the central bank in managing the reserves of the vessels, to achieve an element of safety and safety in order to use the tools of monetary policy to stabilize the exchange rate of the dinar against foreign currencies Iraq.”   The statement noted that “the Bank has purchased large quantities of gold bullion with a very high purity... 

World Bank warns Iraqi government from interfering in the work of the CBI

Posted by on Mar 25, 2014 | Leave a Comment

The World Bank warned the Iraqi government from interfering in the work of the Central Bank {Baghdad: Euphrates News} said Liberal MP from the parliamentary bloc Bahaa al-Araji, that the “international student Nabek reform policies and non-interference by the Iraqi government in the political CBI especially with regard to the subject of borrowing.” He said al-Araji, said in a statement received by the Euphrates News... 

Iraq extinguish a large proportion of its foreign debt

Posted by on Mar 24, 2014 | Leave a Comment

Iraq from countries committed to pay its debts gives a good indication of what part of the world rankings informal in this area. Where have paid more than $40 billion of total debt adjusted to the Paris Club, which was up to 51.6 billion dollars in 2004. classified Iraq’s foreign debts on 4 categories include both debt to Paris Club countries, the debt of non-member states of the Paris Club, and the debt of commercial... 

Basra’s Mighty Petro-Dollar

Posted by on Mar 21, 2014 | Leave a Comment

Basra is one of the country’s wealthiest provinces in terms of oil it produces; its budget for 2014 is bigger than some small countries’. Yet somehow the money doesn’t seem to be improving locals’ lives. Provincial authorities hope this year will be different – only the central government in Baghdad seems to be standing in their way. Authorities in the province of Basra have many plans to improve the lot of... 

Iraq Politics: Draft of 2014 budget will defer to next week

Posted by on Mar 20, 2014 | Leave a Comment

The Iraqi Parliament Presidency decided to postpone reading the draft budget law for the year 2014, until next week to reach a atvkat between the political blocs objecting to budget. He said Kurdistan Islamic Union parliamentary block Najib Abdullah in a statement to “stifle” it was agreed to postpone the reading of the budget next week, due to the formation of a tripartite Committee comprising (Fouad Massoum, Haidar... 

Baghdad, Erbil reach agreement over exporting oil, endorsing Budget

Posted by on Mar 19, 2014 | Leave a Comment

Baghdad (AIN) –The Central Government and Kurdistan Region have reached a compromise over exporting the oil and endorsing the Budget. An informed source stated to All Iraq News Agency (AIN) “KR agreed upon exporting its oil thought SOMO Oil Company where the official announcement of the agreement will be within two days.” “The two sides agreed upon endorsing the General Budget next week after settling the disputes... 

Iraqi economist say Iraq is not yet eligible for WTO; Blames Iraq and poor development of laws

Posted by on Mar 19, 2014 | Leave a Comment

Economists say: Iraq is not eligible to enter the World Trade Organization 16/03/2014 05: 35 PM Baghdad/follow us:-increased calls for Iraq’s accession to the WTO, as part of the transition to capitalism and its openness. Fulfilling its obligations to the international community made in signing the Charter of the International Covenant. Economic analyst Abbas said an overwhelming majority of Iraqi economic environment... 

Sources suggest PM Maliki will appoint Dawa party leader as head of CBI

Posted by on Mar 18, 2014 | Leave a Comment

Maliki is determined to lead his party’s relations appointed Governor of the Central Bank Sunday, March 16, 2014 at 10: 37 An official statement in the Council of Ministers, on Sunday, the Prime Minister’s determination to the appointment by the Secretary-General of the Council of Ministers and the leader of the Dawa party, Ali al-allaq as Governor of the Central Bank of Iraq instead of Abdel Basset Turki. The source... 

Oil climbs above $108 on Ukraine tension

Posted by on Mar 17, 2014 | Leave a Comment

LONDON, March 14 (Reuters) – Brent crude oil rose above $108 a barrel on Friday as heightened tension in Ukraine ahead of a referendum in the Russian-majority region of Crimea raised worries over Russian oil supplies. Russia shipped more troops and armour into Crimea on Friday and repeated its threat to invade other parts of Ukraine, showing no sign of listening to Western pleas to back off from the worst confrontation... 

The Exchange Rate: Justifications for exchange-rate adjustment

Posted by on Mar 15, 2014 | Leave a Comment

Jim Cramer’s Action Alert PLUS The Exchange Rate of Foreign Currency in Economic Feasibility Studies Below are the central controls related to the exchange rate of the foreign currency to convert the project inputs and outputs from foreign currency to its equivalent in the local currency, and that is by calculating the net discounted present value standard and the internal return on investments in economic analysis... 

HISTORY OF THE “NEW IRAQI DINAR”

Posted by on Mar 15, 2014 | Leave a Comment

“How shipping tons of U.S. currency to Iraq remade its economy—and was roundly criticized all the same. Good decision, bad press.” – By John B. Taylor In February, the House Committee on Oversight and Government Reform held a hearing that criticized the decision to ship U.S. currency into Iraq just after Saddam Hussein’s government fell. As the committee’s chairman, Henry Waxman (D-California), put it in his... 

Kurds are demanding to attend Sunday’s session of parliament and the presidency of the agreement amended the oil

Posted by on Mar 14, 2014 | Leave a Comment

Stipulated that the Kurdistan Alliance bloc presence in the meeting of the Council of Representatives next Sunday the agreement of the Presidency of the Council on the agenda, including the budget for fiscal 2014. . It is said that due to discuss the budget and was the first reading in the parliament session Sunday amid continuing differences between the blocks around it, especially in relation to a share of the Kurdistan... 

Washington: We will continue to provide security assistance to Baghdad

Posted by on Mar 13, 2014 | Leave a Comment

Confirmed that the U.S. State Department, on Wednesday, and Washington continued to provide security assistance to Baghdad. Said Assistant Secretary of State George Brett Mac KRG said in his speech during the conference, the first international anti-terrorism that “terrorism requires an international crisis coordination Local, regional and international,” he said, adding that “defeating terrorist groups need to... 

US-Iraq Business Week Strengthens Ties

Posted by on Mar 12, 2014 | Leave a Comment

The United States hosted a top level Iraqi interagency delegation to participate in the March 3-7 Iraq Business Week activities in Washington D.C. Iraqi Deputy Prime Minister Rowsch Shaways led a 30+ member public and private sector delegation to network with scores of major U.S. firms and explore expanding business opportunities in Iraq, now the United States’ 27th largest goods trading partner. The delegation –... 

Three companies will make Iraq a global oil produces a higher rate of oil in its history

Posted by on Mar 11, 2014 | Leave a Comment

Counting economic report prepared by the Reuters news agency that Iraq is working to restore Ranked as the “fastest” source of oil growing in the world, and so scoring points for customers of Libyan oil after the cessation of Materials There are currently, “While shown that the processes of rehabilitation and development will enable Iraq to export 3.4 million barrels during the year Current 2014, with the... 

Allawi calls on the Iraqi prime minister to resign

Posted by on Mar 10, 2014 | Leave a Comment

the next parliamentary elections Sunday Iraqi Prime Minister Nuri al-Maliki to offer his resignation and the formation of a caretaker government charged with the responsibility of procedures of parliamentary elections to be held on April 30 next year. According to the National Coalition, in a press statement, that the “coalition of the national do not see any future for the current government must be replaced by a caretaker... 

Shaways reviews with McCain Iraqi-US relations

Posted by on Mar 09, 2014 | Leave a Comment

BAGHDAD / Nina /– Deputy Prime Minister Ruz Nuri Shaways met in the building of the U.S. Senate in Washington with Senator John McCain, and reviewed with him bilateral relations and developments at various levels and the political situation in Iraq and the region as well as the evolution of events in the Middle East. According to a statement by his press office today, ” Shaways briefed McCain during the meeting, the... 

Iraq returns as world’s fastest growing oil exporter

Posted by on Mar 07, 2014 | Leave a Comment

Iraq is reclaiming its rank as the world’s fastest-growing oil exporter, cushioning consumers from Libyan supply outages for now and, perhaps, reviving Opec market share rivalries down the road. Despite worsening violence due to spillover from the war in Syria, Iraq already Opec’s second-largest producer is likely to post one of the biggest annual output jumps in its history as BP, Exxon Mobil and other companies... 

Kamal Saadi Arrested for Rigging the Iraqi Currency

Posted by on Mar 06, 2014 | Leave a Comment

A security source said a patrol of the counter-terrorism force arrested at dawn yesterday, official protection of the deputy in the State of Law coalition Kamal Saadi and possession of money forged Iraqi, said the source, who did not want to disclose the identity of the sensitivity of the situation that the phones of officials and influential quick release of fake, noting that the money that seized in his possession were... 

Al-Maliki agrees to allocate 25 billion dinars to open the closed border crossing with Iran for 34 years

Posted by on Mar 05, 2014 | Leave a Comment

Alsumaria news Diyala The Governor of Diyala Amer Salman Al-majmaie, Tuesday, Prime Minister Nuri al-Maliki agreed to allocate 25 billion to speed up the reopening the closed border crossing with Iran for 34 years. Al-majmaie, said in an interview for “alsumaria news”, “Prime Minister Nuri al-Maliki agreed to allocate 25 billion dinars to finance the service projects within the crossing Sumar-Mandali (124 km North... 

Iraq signs with the World Bank a loan agreement worth 355 million dollars

Posted by on Mar 05, 2014 | Leave a Comment

BAGHDAD / NINA / Iraq signed with the World Bank on the agreement of Developmental dry canal project loan and finance the construction of domestic and international road network of value of 355 million dollars in the presence of the Acting Minister of Finance, Safa al-Safi and the Minister of Construction and Housing, Mohammad al-Darraji and World Bank representative, Fred bin Haj and parliamentarians from the services... 

Planning: Iraq’s Economy Is Still High

Posted by on Mar 04, 2014 | Leave a Comment

confirmed the Ministry of Planning, on Monday, that the Iraqi economy is still a yield and high consumerism, while suggesting the need to make critical decisions on the reduction of consumer spending, mainly. said Undersecretary of the Ministry of Planning Mahdi Keywords in an interview for “Alsumaria News”, on the sidelines launch schedule user product for the Iraqi economy for the year 2010, that “the Central... 

Iraqi diplomat: Washington refuses to reset the dinar and its biggest loser

Posted by on Mar 03, 2014 | Leave a Comment

Baghdad, Washington / Orr News Revealed an Iraqi diplomat in Washington that the U.S. administration strongly rejects Iraq’s decision Ptsfir currency, or stop the daily auction of foreign currency, which is organized by the CBI. The Iraqi diplomat said that “the United States is the primary beneficiary of the auction currency in Iraq, and the survival of the purchasing power of the Iraqi dinar is weak, compared... 

Investment experience in Iraq in 2014

Posted by on Feb 28, 2014 | Leave a Comment

occupied investment theme looms large in the concerns of experts and stakeholders, and since its inception after the year 2003, with no highlights its importance in Economic Dictionary of Iraq before the change is not a sense or concept but in his appearance as a pilot experiment accompanied by winds of change.   we can say for sure that he was born in the broad sense defined since passing a law Alastosmarno. 13... 

Iraq Stock Market is the Easiest Way to Invest in Iraq, says Rabee Securities

Posted by on Feb 26, 2014 | Leave a Comment

Private banks proceed to implement CBI instructions; Enhance value of the IQD to support national economy

Posted by on Feb 24, 2014 | Leave a Comment

Private banks will proceed to implement the instructions of the Central The head of the governor of the Iraqi Central Bank and the Agency Abdel Basset Turki a meeting of general managers in the bank and a number of departments, private banks, as well as members of the Association of Banks in non-governmental organizations in Iraq. A source of (time) yesterday (that the meeting discussed the instructions for the sale and... 

Delete the zeros from the dinar increases its strength against the dollar and easy to draw a price policy

Posted by on Feb 24, 2014 | Leave a Comment

02.22.2014 He said experts and specialists in regard the country’s financial The implementation of the project to delete the zeros from the Iraqi dinar will increase the strength against the U.S. dollar, in addition to facilitating the drawing political price in the country, as demanded a parliamentary committee by clicking on the government, “which disrupted the project” to force it to be implemented through texts... 

Private banks and Central bank proceed to lift value of the Iraqi Dinar

Posted by on Feb 20, 2014 | Leave a Comment

Jim Cramer’s Action Alert PLUS Baghdad Head of the Iraqi Central Bank Governor Abdel Basset Turki convened a meeting of the Directors-General of a number of private banks at the Bank , as well as members of the Association of non-governmental banks in Iraq. Source for (o) on (the meeting discussed instructions forbuying and selling foreign currencies that have been working out since last Sunday the (banks ‘... 

Private banks will proceed to implement the instructions of the Central

Posted by on Feb 20, 2014 | Leave a Comment

Private banks will proceed to implement the instructions of the Central BAGHDAD The head of the governor of the Iraqi Central Bank and the Agency Abdel Basset Turki a meeting of general managers in the bank and a number of departments, private banks, as well as members of the Association of Banks in non-governmental organizations in Iraq. A source of (time) yesterday (that the meeting discussed the instructions for the... 

Parliamentary Finance Committee Announced What it Called for the Preparation of a Road Map to Repair the Banking System in Iraq

Posted by on Feb 20, 2014 | Leave a Comment

The head of the committee in a joint news conference with a number of members of the committee in Baghdad today and was attended by the correspondent of the Euphrates News Agency  “The Finance Committee today held a workshop with representatives of private banks, government and central bank to launch its final report on reforming the banking system in Iraq.” He explained that “this reform will provide... 

Economic Committee Member: raise zeros from the currency had been postponed because of fears of fraud and money laundering

Posted by on Feb 18, 2014 | Leave a Comment

A member of the parliamentary Economic Committee Qusay Ebadi that the issue of lifting of the zeroes of the process has been postponed to another slogan because there are fears the government of money laundering and fraud. According to al-Abadi told all of Iraq [where] today that “the Iraqi Central Bank expressed its readiness over a year ago to raise zeros from the Iraqi currency, noting that the laws and the Constitution... 

Saleh: Central Bank intervention in the market to keep the exchange rate of the dinar

Posted by on Feb 15, 2014 | Leave a Comment

Deputy former central bank governor, on Wednesday, said the central bank intervention in the market to maintain the stability of the Iraqi dinar and maintain purchasing power. He said the appearance of Mohammed Saleh told the “time”, that “the Iraqi dinar is protected range is strong, and the cover of foreign currency is very high unless they are used for the purposes of reserves dedicated to the support of the... 

Economic Committee Member: Deletion of zeros project still in place; Only delayed for economic reasons

Posted by on Feb 15, 2014 | Leave a Comment

A member of the Committee on the economy and investment representative, Amer winner, said the project to delete the zeros from the national currency still exists, but it is in order for commercial reasons, in addition to the receipt of intelligence information for the creation of counterfeit currency for the purpose of replacing the new currency. He said the winner told the News} {Euphrates on Tuesday that “the project... 

Capital Banking Solutions to Supply Sumer Bank

Posted by on Feb 14, 2014 | Leave a Comment

Thursday, February 13 2014 Capital Banking Solutions, a provider of end-to-end banking software for retail, corporate, private and Islamic banks, has announced that Sumer Commercial Bank has selected CapitalBanker as its core banking system to be implemented in over 10 branches throughout 2014. With Sumer Commercial Bank as the 5th Iraqi bank to sign with Capital Banking Solutions, Capital Banking is now a front-runner... 

Washington plans to send experts to Iraq to secure oil installations

Posted by on Feb 13, 2014 | Leave a Comment

United States plans to send experts to Iraq to help secure the oil installations, which represents 95% of the revenues of the state treasury. “. The Commission announced the JCC of energy between Iraq and the United States in a statement issued after a meeting in Baghdad received news agency future copy of it today: “Iraq and the United States legally in cooperation in important new through the use of experts... 

contract with the Korean firm to build refinery in Karbala cost more than 6 billion dollars

Posted by on Feb 12, 2014 | Leave a Comment

Local government in Karbala next week will witness the signing of the oil refinery project in Karbala after Korean company wins the tender. He said the second Deputy Governor of Karbala, mayali of each correspondent in Iraq said Tuesday that “next week will witness the signing of the contract the Karbala refinery project between Hyundai Korean coalition and the oil Ministry. The “cost of 6 billion US dollars and a... 

Australian economist: Iraq has the highest growth rates of GDP for any economy above the rate of $50 billion

Posted by on Feb 11, 2014 | Leave a Comment

Sunday February 9, 2014 Saw Analyst economic Australian, on Saturday, that Iraq needs to “long list” of projects for development, as well as projects that are needed for reconstruction, stressing that Iraq has the largest percentage of growth for countries that increase the budget over 50 billion dollars, while the IMF warned of that Iraq would face if inflation dish the spending plans for the year 2014, he explained... 

World Bank mission to discuss activating the partnership to develop a permanent banking system

Posted by on Feb 11, 2014 | Leave a Comment

Minister of Finance Agency purity of net debt with the President of the World Bank mission in Iraq, Mary Helen ways of activating the strategic partnership permanent access to the banking system overall in the country. According to a statement of the ministry received the Agency (news) copy of it: that the Ministry of Finance emphasizes the importance of cooperation with the World International because of its important... 

United States working to promote the growth of Iraq’s economy

Posted by on Feb 10, 2014 | Leave a Comment

February 4, 2014 in economic Baghdad / Iraq News Network – The United States of America, on Tuesday, its commitment to support Iraq, indicating that it is working to promote the growth and development of a diversified economy that would create jobs for the labor force is growing. Said U.S. embassy statement today: “The Minister Counselor for Economic Affairs at the Embassy USA Robin Mattewman participated with senior... 

Shabibi: About the CBI’s decision to sell gold to dealers

Posted by on Feb 10, 2014 | Leave a Comment

Under the statement issued by the Central Bank of Iraq and for the purpose of diversification means savings to the public and to provide large quantities of gold from the origins of prudent central bank will CREATION ingots of pure gold and we would like to comment on this subject, including the following: that the central bank handles gold cash (which is gold held by central banks ) and not the gold trade (which is handled... 

Iraqi Kurdistan vs Baghdad: Oil crisis not about money

Posted by on Feb 08, 2014 | Leave a Comment

The announcement by Iraqi Kurdistan that they had started exporting oil to Turkey, despite numerous warnings from Baghdad, has sparked yet another crisis. But as various experts suggest, the crisis is not about business, it?s all about politics and Iraqi Kurdistan?s increasing financial independence. A few days ago the Ministry of Natural Resources in the semi-autonomous region of Iraqi Kurdistan announced that it had... 

Maliki calls for Parliament to speed up the ratification of the budget law

Posted by on Feb 07, 2014 | Leave a Comment

Prime Minister Nuri al-Maliki, on Wednesday, the parliament to speed up the ratification of the General Budget Law, as he expressed concern at the continuing controversy around it. Maliki said in his weekly and pursued “obelisk” “I am happy to approve the retirement law submitted by the government and subjected to a lot of controversy,” noting that “the government wanted by law targeting the process of improving... 

The opening of the first office of the World Stock Exchange in Baghdad, the first of its kind in the history of Iraq

Posted by on Feb 06, 2014 | Leave a Comment

Baghdad / Iraq News Network announced in the capital, Baghdad, on Tuesday, announced the opening of its first office of the Stock Exchange world in Baghdad, the first of its kind in the history of Iraq, and among Msoalon in the office getting a leave of absence from the Iraqi government and its association with the London Stock Exchange world, experts called Financial Institutions Finance and ministries to put its shares... 

George Friedman on Iraq (Agenda)

Posted by on Feb 05, 2014 | Leave a Comment

Editor’s Note: Transcripts are generated using speech-recognition technology. Therefore, Stratfor cannot guarantee their complete accuracy. Video Transcript: Colin Chapman: Iraq’s Shia-dominated government is under pressure. Prime Minister Nouri al-Maliki has been pretty adept at managing Sunni dissent through a mixture of force and appeasement. But Sunni forces have become more determined, more violent, and this... 

Civil War is Unlikely in Iraq Despite a Surge in Violence

Posted by on Feb 05, 2014 | Leave a Comment

This year’s Ramadan has seen a spike of violence in Iraq that has reached numbers that are the highest since the height of the sectarian strife from 2006 to early 2008. These attacks and their subsequent mass casualties bolster the image and perceived operational capabilities of al Qaeda in Iraq, who often execute, or at least claim, some of the most spectacular attacks within the country. This is only part of the... 

Kurdistan: Baghdad is no longer insisting on supervision Sumo on oil exports

Posted by on Feb 04, 2014 | Leave a Comment

Twilight News confirmed the Kurdistan Alliance in the Iraqi parliament Sunday to make progress in the talks the federal government and the Kurdistan Region on the export of oil Kurdish. said a member of the Kurdistan Alliance Qassim Mohammed in an interview with “Twilight News”, that Baghdad is no longer insisting on the supervision of export of Iraqi oil “Sumo “State-owned export of Kurdistan.... 

Stock market” calls for the sale of government shares the mixed sector companies and experts believe it lacks the institutions chock

Posted by on Feb 03, 2014 | Leave a Comment

Called the Iraq Stock Exchange, Friday, banks and mobile phone companies operating in the country to put its shares from him, and called on the government to sell its shares in the mixed sector companies, to encourage capital formation and economic development is stable, indicating that the market Arbil Securities, will be opened during the year Current 2014 which opens up new horizons for investors as they represent... 

Iraq Is Aiming To Return To The Quota System Of OPEC

Posted by on Feb 02, 2014 | Leave a Comment

For the first time, Iraq has begun preparing for a return to the OPEC production quota system, in a shift of policy that reduces the prospect of oversupply and lower prices in global oil markets. The oil industry of Iraq is booming after US-led invasion. The country is now expecting to be one of the largest sources of supply growth in the oil market over the next decade. With North American output also rising rapidly... 

President Talabani’s Death

Posted by on Jan 31, 2014 | Leave a Comment

    1-30-14 Baghdad (AIN) –Some reports reported the President, Jalal Talabani, who is being treated in Germany for over a year due to clot, passed away. The reports assured that Talabani’s body will be transported to Sulaimaniyah in Kurdistan Region   //  Read More →

Iraq: Treasury bonds and precious metal enhances monetary policy

Posted by on Jan 30, 2014 | Leave a Comment

said economic expert, Dr. appearance of Mohammed Saleh: that the announcement of the Iraqi Central Bank intention to sell gold coins to the public would pave the way for the re-emergence of banks mortgages in order to serve the Iraqi economy. was the central bank, and in consultation with the Committee on Economic Affairs, has decided recently coined a variety of alloys pure gold weights ranging between (5 g and 1 kg). announced immediate... 

CBI: Its Time Implement Instructions on the Sale of New and Foreign Currencies

Posted by on Jan 30, 2014 | Leave a Comment

“Time to” get on the instructions of the Central Bank for the sale of new and foreign currency Published on Monday, 27 December / 2 January 2014 15:23 Issues special instructions to sell and buy foreign currencies, considering previous instructions issued in this regard void. And got “time” on the documentation for the instructions issued by the central bank, which included “17″ paragraph identified mechanisms... 

CBI Governor: Bank Restructuring to be Complete by end of 2014

Posted by on Jan 29, 2014 | Leave a Comment

Central Bank Governor: 2014 will be completed by the end of restructuring Tuesday January 28, 2014 CBI has received many applications, by many banks, but so far has not been approved, but the licenses of two foreign banks to operate in the country. The newspaper quoted the “National” American Abdel Basset Turki, Governor of the Central Bank of Iraq, saying, “We’re going to give approval of the two banks in the... 

Economists Divided Over Deletion Of Zeros

Posted by on Jan 28, 2014 | Leave a Comment

Economists Divided Over Deletion Of Zeros   The Central Bank of Iraq (CBI) has been attempting to delete three zeros from the Iraqi currency since 2003. This project has raised many concerns among the Iraqi public and within the business community, and Iraqi economists are divided. While some support the project and consider it a chance to decrease inflation and unemployment, others warn of economic shocks that... 

The provincial government to start exporting the first shipment of oil through the pipeline to Turkey, Kurdistan

Posted by on Jan 28, 2014 | Leave a Comment

According to the Ministry of Natural Resources in the Kurdistan Regional Government of Iraq, said he started selling the first shipment of oil exported through the pipeline, the new regional Kurdistan through Turkey to Ceyhan. ministry expects the sale of the first shipment of oil which are the source of two million barrels at the end of this month. She added that the volume of shipments will rise gradually to four million... 

The Central Bank postponed issuing the first local bonds next year

Posted by on Jan 28, 2014 | Leave a Comment

aghdad (newsletter). The Iraqi Central Bank, announced Monday, postponed issuing the first local bonds next year 2015, confirmed that inflation in Iraq is a cause for concern. And the Central Bank of Iraq, under the leadership of Abdul Basit Turki Saeed, financial Iraq Conference for 2014 in Dubai and for 27-28/1/2014 and the participation of the banking sector and investment.   He said Bank Governor Abdel Basset... 

CBI: will not be a restructuring of the Iraqi currency and deleting three zeros of 2014

Posted by on Jan 28, 2014 | Leave a Comment

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 a House of Representatives... 

Washington is planning to create a power emergency with escalating violence in Iraq and the region

Posted by on Jan 27, 2014 | Leave a Comment

Washington is planning to create a power emergency with escalating violence in Iraq and the region Jan 25 2014 sat seven thirty-one p.m. newspaper “USA Today” American Saturday, the outline prepared by Washington to create the power of military emergency Marines in the Middle East are capable of rapid intervention in troubled areas in the Arab countries, in light of the escalating violence in Iraq and Syria.... 

Barzani: KRG supports the acts of Exxon Mobil and Chevron in Kurdistan

Posted by on Jan 27, 2014 | Leave a Comment

BAGHDAD The head of the Kurdistan region, Massoud Barzani confirmed region government’s support to the works of Exxon Mobil and Chevron in the region. A statement by the Kurdistan Regional Government said that “Barzani met, on the sidelines of the Davos Economic Forum, with Rex Tillerson, head of Exxon Mobil Corp. and G Brayer head of Chevron each separately. The statement noted “Barzani thanked the... 

Deletion of zeros suggested by economic experts; Instead issuing large banknotes

Posted by on Jan 25, 2014 | Leave a Comment

A number of specialists in economic affairs of Iraq have advised that the government to apply the project to delete the zeros, instead of issuing large sections of the currency because it will lead to higher inflation. It is noteworthy that the central bank decided after demanding the federal government to wait to apply the project to delete the zeros and get rid of the monetary mass lean in Iraqi currency by printing... 

UN: payment of more than one billion dollars as part of the compensation of the former regime’s invasion of Kuwait

Posted by on Jan 25, 2014 | Leave a Comment

According to a statement of the Compensation Commission internationalism on Thursday that “the value of the compensation amounting to one billion and 300 thousand dollars to Kuwait, bringing the total compensation paid by Iraq to Kuwait to forty-four billion and 500 thousand dollars. ” the statement added that “this money has gone to settle the compensation previously has not been fully repaid,” indicating that... 

CBI to sell gold bullion to dealers, investors and segments of Iraqi society

Posted by on Jan 24, 2014 | Leave a Comment

Decided to CBI, on Thursday, “coined a variety of gold bullion” to sell gold to dealers, investors and segments of Iraqi society, as he emphasized that “this action represents Tools monetary policy of the Bank.” According to a statement of the Central Bank of Iraq has received the Agency for News News (et) a copy of it, he was “for the purpose of diversification means savings to the public and to provide large... 

Planning: the economic growth rate in Iraq in 2013 amounted to 9%

Posted by on Jan 24, 2014 | Leave a Comment

The Ministry of Planning and Development Cooperation, said on Tuesday that the rate of economic growth in Iraq in 2013 amounted to 9%, while suggesting that the announcement of this figure came after its statistics and indicators on the percentage of growth in all sectors. The Minister of Planning and Development Cooperation Ali Shukri said in an interview (range Press), “The rate of economic growth in Iraq in 2013... 

Parliament next Tuesday to discuss the budget and the vote on the pension law

Posted by on Jan 24, 2014 | Leave a Comment

A parliamentary source announced that the next meeting of the Council of Representatives will be held on Tuesday of next week. And failed in the House of Representatives held its last Thursday for lack of quorum in spite of receiving the budget bill for the fiscal year of 2014. The source told all of Iraq [where] on Thursday that “Parliament will hold its meeting next Tuesday and the agenda of the meeting will include... 

Editorial about Iraqi Currency: Need a Quarter (Difficult Translation)

Posted by on Jan 24, 2014 | Leave a Comment

After nearly two years of deliberating the Iraqi currency current taking yelling here and there on the deletion of zeros it Once confirms central bank that year (sic) will be the year deleted and a month after we come out of one of the members of the parliamentary finance committee to refute what it says spokesman Central and labor currency (with zeros) Continuous Bde (what was revealed by God for them) and then nationally... 

Finance announces the allocation of five dollars for every barrel produced in the provinces of the budget and affirming the possibility of fully paid

Posted by on Jan 23, 2014 | Leave a Comment

Ministry of Finance announced the allocation of five dollars from each barrel of oil-producing provinces in the federal budget for the current year, afterthought inability to pay the amount at once. The finance minister said the agency purity of net debt at a news conference today attended by the correspondent of the Euphrates {} “The law guarantees issued share of oil-producing provinces and gas law, a right to take... 

Iraqi army battles to flush al Qaeda from Fallujah

Posted by on Jan 22, 2014 | Leave a Comment

The Objectives of Monetary Policy to Achieve Economic Growth and Stability and Reduce the Unemployment Rate

Posted by on Jan 22, 2014 | Leave a Comment

The balance of the money market is a central The objectives of monetary policy to achieve economic growth and stability and reduce the unemployment rate, and the stability of prices of goods and services, as well as the stability of exchange rates, and improve the balance of payments position and achieved these goals by following the monetary policy tools of direct and indirect. That’s what started talking competent affairs... 

Iraq plans to issue bonds in local currency debt

Posted by on Jan 22, 2014 | Leave a Comment

The governor of the Central Bank and the Agency Abdel Basset Turki on the sidelines of the Geneva Conference, on Sunday, that “Iraq plans to issue bonds in local currency for the first time in Iraq since the fall of Saddam Hussein’s regime,” according to Reuters Mazkrt in its report. Turkish predicted that “the first issue worth 3 billion Iraqi dinars and this is the first time in which to issue such bonds for... 

Iraq’s population estimate at 34.2 million people: Bureau of Statistics

Posted by on Jan 21, 2014 | Leave a Comment

Revealed the Ministry of Planning and Development Cooperation, that the population of the country has recently been increased to up to 34 million and 207 thousand people, while the total energy production sector growth of 30% according to the latest official statistics. And spotted periodic statistical issued by the Central Agency for Statistics of the Ministry of prominent statistical indicators for the economic and... 

Kuwait describes Iraq as “a big market”

Posted by on Jan 21, 2014 | Leave a Comment

We look forward to be a trade and investment cooperation between Iraq and Kuwait very important strategic goal for both sides, and this in turn imposes on the business community in both countries Baghdad / follow-up the obelisk: counting, first deputy chairman of the Chamber of Commerce and Industry of Kuwait Khaled Falcon, Iraq “a big market for Kuwait” since the start of trade relations, and because of the geographical... 

Iraqi budget provides citizens oil revenue sharing at $5 for every barrel produced, However GOI make find difficulty in paying

Posted by on Jan 21, 2014 | Leave a Comment

Finance announces the allocation of five dollars for every barrel produced in the provinces of the budget and affirming the possibility of fully paid Ministry of Finance announced the allocation of five dollars from each barrel of oil-producing provinces in the federal budget for the current year, afterthought inability to pay the amount at once. The finance minister said the agency purity of net debt at a news conference... 

Iraq among the top 30 economies in the world by the year 2028

Posted by on Jan 18, 2014 | Leave a Comment

Twilight news/ modern economic report predicted that Iraq would be among the top 30 economies in the world by the year 2028, provided the return of political stability in China will make the United States, the largest economy in the world by the same year. According to the economic report, issued by the Center for economic and business research “Sabre”, followed up by “Twilight” that Iraq would... 

Iraq unlikely to remove zeros from the currency

Posted by on Jan 17, 2014 | Leave a Comment

1-15-14 BAGHDAD,— A rumor circulating regarding the removal of zeros from the Iraqi Dinar (ID) is false. Najiba Najib, a member of parliament (MP) from Iraq’s finance committee, recently clarified that there is no such plan in the Iraqi Parliament. An economic expert believes that the zeros will not be removed from the Iraqi currency because the Iraqi budget is highly dependent on oil revenue. “There is no draft... 

Iraqi Cabinet passes the budget bill despite Kurds omission

Posted by on Jan 16, 2014 | Leave a Comment

Iraqi Council of Ministers passed a law on the general budget for the current year 2014, despite the refusal by the Vice President of the Council example, has typically Minister Nuri Shaways and Kurds. An informed source, who asked not to be identified in an interview with “Twilight News, said that today’s Council meeting included a discussion of the budget law, and when I got to the discussion paragraph the amount... 

Ki-moon: the next election is an important opportunity to enhance the security and political stability in Iraq

Posted by on Jan 15, 2014 | Leave a Comment

Description secretary-general of the United Nations Ban Ki-moon, Iraqi parliamentary elections next to “enhance the security of the mission in Iraq.” Ki-moon said during a joint news conference with Prime Minister Nuri al-Maliki said on Monday that “the Iraqi general elections is an important opportunity to enhance the security and political stability in Iraq and another step in the democratic process.” Ki-moon... 

Ban ki Moon arrives in Iraq; Announces support and discusses upcoming elections

Posted by on Jan 15, 2014 | Leave a Comment

Reached the Secretary-General of the United Nations Ban Ki-moon on Monday morning in the capital, Baghdad, has declared an official visit to Iraq. The source said an Iraqi diplomat told all of Iraq [where] that “the moon came across Baghdad International Airport and will include talks with Iraqi leaders and officials of the Syrian crisis and the events of Anbar.” The media adviser to Prime Minister Ali al-Moussawi... 

U.S. Economic Advisor: Iraq receives full sovereignty over it wealth in June; Iraq economy progressing properly

Posted by on Jan 14, 2014 | Leave a Comment

Advisor of the U.S. economy: Iraq paced economic incorrect 13/01/2014 15:52 Tomorrow’s Press / Baghdad: Advisor Ministry confirmed the U.S. economy Robin Mattewman, Monday, that Iraq is progressing properly for the development of its economy and make way for local capacity to build the foundations of the local economy without relying on oil imports to the country. She Mattewman for “tomorrow’s Press,” said that... 

CBI Governor from Geneva: Iraq plans to issue bonds in local currency debt

Posted by on Jan 14, 2014 | Leave a Comment

The governor of the Central Bank and the Agency Abdel Basset Turki on the sidelines of the Geneva Conference, on Sunday, that “Iraq plans to issue bonds in local currency for the first time in Iraq since the fall of Saddam Hussein’s regime,” according to Reuters Mazkrt in its report. Turkish predicted that “the first issue worth 3 billion Iraqi dinars and this is the first time in which to issue such bonds for... 

The stock market Shares of companies operating in northern Iraq rises with oil flow in the pipeline

Posted by on Jan 13, 2014 | Leave a Comment

Give the oil flow through a new pipeline from Kurdistan Iraq to Turkey a boost to shares of companies that have fields there on Thursday, supported by prospects that they are now able to sell more crude abroad despite objections from Baghdad. The Kurdish Government said on Wednesday that the oil started to flow through the pipeline to Turkey and the export is expected to begin at the end of this month and that rises in... 

Trade Ministry issued permits to import

Posted by on Jan 13, 2014 | Leave a Comment

Baghdad Section issued import and export company for Iraqi opposition (nine) leave the import and export of Iraqi merchants included import (20450) Tons of chicken meat and products of $ (18405000) $ (16,000) tons of beef for $ 700,000 to $ (2000) tonnes of chicken meat (1,500, 000) and $ (100) tons of fish for $ 450,000 dollars and these quantities of meat, chicken and fish imported from the origins (Brazil, New Zealand,... 

Iraq Clashes, Attacks Leave 48 Dead, 37 Wounded

Posted by on Jan 13, 2014 | Leave a Comment

Anbar’s health department reported that 60 people have been killed and 297 were wounded in attacks in Ramadi and Falluja since tensions began. Today, an army air strike in Ramadi left three civilians dead and seven more wounded. Shops reopened as residents began a return to Falluja. At least 28 insurgents were killed, according to a press release. A police intelligence official was assassinated in Aneh. Near the Syrian... 

The United Nations Security Council expressed support for the Iraqi government’s fight against Al-Qaeda-linked militants in the country.

Posted by on Jan 11, 2014 | Leave a Comment

The 15-nation body published a statement on Friday night, backing Iraqi Prime Minister Nuri al-Maliki in the battle against the militants from the Al-Qaeda-affiliated Islamic State of Iraq and the Levant (ISIL) in the Western province of Anbar, press tv reported. “The Security Council expresses its strong support for the continued efforts of the Iraqi government to help meet the security needs of the entire population... 

Some government institutions return back to work in Fallujah

Posted by on Jan 11, 2014 | Leave a Comment

Some government institutions in Fallujah returned today to exercise work after being disabled because of poor security. A source in the province of Anbar told the reporter of the National Iraqi News Agency / NINA /: “The Directorate of Education in Fallujah began delivering salaries to its employees, as the banks opened their doors.” He added: “The Civic Committee for the management of the city of Fallujah... 

Kurdistan: the oil agreement with Baghdad is near

Posted by on Jan 11, 2014 | Leave a Comment

A member of the House of Representatives for the Kurdistan Alliance, Mohammed Qasim, said that the agreement was reached between the central government and the region on oil contracts is near. According to Qasim’s (IMN), that “the recent visits by a delegation of the Kurdistan region, and the statements of Deputy Prime Minister for Energy, Hosni al-Shahristani, are also asserts that the agreements have become... 

Parliamentary bloc demanding the application of the law of customs tariff on all ports and all sectors with a time of one

Posted by on Jan 10, 2014 | Leave a Comment

Baghdad: Euphrates News} called the National Bloc white, applying the law of customs tariff on all border crossing points, without exception, expressing the hope that it is applied well in one-on agricultural and industrial sectors and all business. A spokesman for the bloc, Kadhim al-Shammari, said in a statement received by the Euphrates News Agency {} a copy of it on Wednesday, “The application of the customs... 

JOC : terrorists camp destroyed in Mosul

Posted by on Jan 10, 2014 | Leave a Comment

Baghdad (AIN) –The security forces destroyed a shelter of what so is called the Islamic State of Iraq and Sham in Mosul. The Joint Operations Command declared in a statement received by AIN ”The police forces within Nineveh Operations Command managed to seize a camp of terrorists that contained military outfits and explosives as well as rooms and plastic cans.” ”The security forces destroyed the terrorists... 

Parliament finishes reading four bills and to raise its the day after tomorrow

Posted by on Jan 09, 2014 | Leave a Comment

Raised the Presidency of the Council of Representatives, on Tuesday, the fourth session of the Council of the legislative term to final on Thursday, while the parliamentary source that the meeting witnessed a vote on the bill and the first and second readings of the four bills. The source said in an interview for “Alsumaria News”, “The Presidency of the Council of Representatives lifted, today, meeting... 

Authorize the Minister of Finance the authority to negotiate and sign a loan agreement of the Islamic Development Bank

Posted by on Jan 09, 2014 | Leave a Comment

Alsumaria News / Baghdad announced that the General Secretariat of the Council of Ministers, on Tuesday, for authorizing the Minister of Finance the authority to negotiate and sign a draft loan agreement for the Islamic Development Bank and $ 500 million. Secretariat said in a statement received “Alsumaria News”, a copy of which, “The Council has decided to build the submission of the Prime Minister... 

Iraq at the crossroads of destiny

Posted by on Jan 08, 2014 | Leave a Comment

BAGHDAD – Iraq reached a crucial stage where the stands at a crossroads puts him two choices: either reconciliation and a return to democratic life, or the continuation of the division of political and social chaos and civil war, the overall division and then, according to the analysts say. And plaguing Iraq since the U.S. withdrawal successive political crises, amid sectarian divide social security deterioration in... 

CBI Governor: Bank of International Settlements agreeing to accept Iraqi deposits is a “win-win situation

Posted by on Jan 07, 2014 | Leave a Comment

Considered the Central Bank of Iraq, on Monday, that the declaration of acceptance of Bank for International Settlements and additional deposits “win-win situation” for the country, and called for investment in order to achieve comprehensive development in the government and private banks and adhere to international standards in preparation for a credit rating. The Bank for International Settlements (BIS), or the... 

2014 will see significant changes in Iraq’s investment law, says National Investment Commission

Posted by on Jan 07, 2014 | Leave a Comment

BAGHDAD – Yasser incumbent – Hussein Tgb Tamimi, head of the National Investment Commission d. Sami al-Araji: that the Commission has been able to achieve its core that be a window of Iraq to the world through its openness to all continents in terms of investment and development, cross-marketed to the real needs of strategic projects for Iraq and has been able to attract major international companies which confirms... 

Living Standard in Iraq showing positive growth, said British diplomat

Posted by on Jan 07, 2014 | Leave a Comment

Standard of living of the common Iraqis is getting better day by day, as the country is making a swift economic progress. This has been stated by a British diplomat recently. Mark Bryson-Richardson, British Charge d’Affaires in Iraq, stated that though there are several challenges within the country, Iraq has managed to make some progress at a drastic level. The country is preparing for its fourth national elections,... 

Iraq’s income will diversify in 2014, says ISX Commission Chairman

Posted by on Jan 07, 2014 | Leave a Comment

Implementation of the tariff law a sources of Baghdad – the joy of pumice projections indicate that the year 2014 will see the diversity of its revenue, especially after the application of the tariff law, as well as the pursuit of the competent authorities to mechanize the income tax and other taxes. Mechanization taxes Chairman of the Securities Commission, Dr Abdul Razzaq Saadi said the “morning”: that “this... 

Maliki reveals the blueprint for the formation of an independent state recognized by the Gulf state

Posted by on Jan 06, 2014 | Leave a Comment

Prime Minister Nuri al-Maliki warned “some Arab countries that support terrorism,” as Cetktoa of his fire, revealing that “the Gulf state to support al-Qaeda and that there is a blueprint for the formation of an independent state to announce its recognition of him.” He said in a speech during the celebration central day Iraq that “the effort and awareness that Bzlnah to prove to others that Square sit-ins are... 

Iraq adopts new mechanisms to control the movement of foreign funds

Posted by on Jan 06, 2014 | Leave a Comment

Despite the optimism, the Electoral Commission for elections in Iraq’s ability mechanisms of the new monitor funding campaign for the legislative elections scheduled for April next, skeptical observers and lawmakers in the effectiveness of this system, as it confirmed that the external financing «has already begun, and in ways that can not be detected by any supervisory body ». He announced the official spokesman... 

Turkey began receiving oil from the port of Ceyhan in Kurdistan and Baghdad awaiting approval for export

Posted by on Jan 04, 2014 | Leave a Comment

January: said Turkish Energy Minister Taner Yildiz said on Thursday, the start of pumping oil from the Kurdistan region of Iraq to the Turkish port of Ceyhan, adding that “it will not issue oil to world markets without the approval of Baghdad.” Yildiz said in a press statement vassal / Iraq Press /, “began the flow of crude oil from a new pipeline from Iraq’s Kurdistan to the Turkish port of... 

Tariff Law launches today at points of entry in Iraq

Posted by on Jan 03, 2014 | Leave a Comment

Finance Minister of Basra announce the launch of a law of customs tariff 02/01/2014 10:50 Tomorrow’s Press / Basra: Minister of Finance Agency purity of net debt, on Thursday, the launch of a law of customs tariff, noting that the entry of goods will be through the new mechanism. said net for “tomorrow’s Press,” said that “the Iraqi ports in Basra began, today, the implementation of customs tariff law, “noting... 

Economic Committee Member confirms 2014 budget will be sent to the House of Representatives this Saturday

Posted by on Jan 03, 2014 | Leave a Comment

Tomorrow’s Press / Baghdad confirmed the Economic Committee in the House of Representatives, on Thursday, said the government will send a general budget bill to parliament next Saturday, noting that it is estimated at 150 billion dollars, of which 60% of the operating budget and 40% of the investment deficit of between $ 20-25 billion dollars. A member of the Economic Commission MP Khalil Mahma for “tomorrow’s Press,”... 

Maliki and Barzani agree to deposit funds Kurdistan oil in New York .. Instead of Ankara

Posted by on Jan 02, 2014 | Leave a Comment

Erbil – the birth of spring .. Baghdad and Erbil reached a joint decision to spend deposit money Kurdish oil exports account for Iraq in the United States instead of depositing them in the bank Turkish government, contrary to Ankara’s insistence on deposit in the Bank of Turkish government. The Anatolia news agency that Baghdad and Erbil Atngueta to deposit the proceeds in the Kurdish oil exports account opened... 

CBI auction and failing to adopt IQD in business and international transactions could collapse economy, says parliament sources

Posted by on Jan 02, 2014 | Leave a Comment

Auction Central Bank monetary policy threatens to collapse Warned parliamentary sources familiar with the collapse of the Iraqi monetary policy in light of the continued dollar selling in the auction of the Central Bank, and revealed a blueprint for the continuation of the process of money laundering agreement with American officials through non-recognition of the Iraqi dinar in international transactions. The sources... 

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... 

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... 
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