PRA: Episode 1 Election Results

Posted by on Dec 05, 2016 | Leave a Comment

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... 

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... 

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,... 

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... 

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... 

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... 

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... 

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... 

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... 

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... 

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... 

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... 

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... 

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... 

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.... 

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... 

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... 

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... 

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,... 

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... 

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... 

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... 

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... 

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... 

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... 

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... 

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... 

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... 

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... 

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... 

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... 

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... 

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... 

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... 

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... 

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... 

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... 

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... 

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... 

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... 

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... 

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 →

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... 

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... 

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... 

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... 

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... 

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... 

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... 

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,... 

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... 

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... 

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... 

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... 

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... 

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... 

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... 

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... 

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... 

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... 

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... 

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

Posted by on Nov 12, 2013 | Leave a Comment

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

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

Posted by on Nov 11, 2013 | Leave a Comment

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

Iraq Finance Minister meets with World Bank over bank restructuring project

Posted by on Nov 08, 2013 | Leave a Comment

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

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

Posted by on Nov 08, 2013 | Leave a Comment

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

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

Posted by on Nov 07, 2013 | Leave a Comment

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

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

Posted by on Nov 07, 2013 | Leave a Comment

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

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

Posted by on Nov 07, 2013 | Leave a Comment

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

Instead of exported .. Iraq imports electricity from Iran

Posted by on Nov 06, 2013 | Leave a Comment

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

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

Posted by on Nov 06, 2013 | Leave a Comment

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

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

Posted by on Nov 06, 2013 | Leave a Comment

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

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

Posted by on Nov 05, 2013 | Leave a Comment

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

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

Posted by on Nov 04, 2013 | Leave a Comment

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

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

Posted by on Nov 04, 2013 | Leave a Comment

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

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

Posted by on Nov 02, 2013 | Leave a Comment

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

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

Posted by on Nov 02, 2013 | Leave a Comment

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

Kurdistan Region to construct a second oil pipeline to Turkey

Posted by on Nov 02, 2013 | Leave a Comment

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

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

Posted by on Nov 02, 2013 | Leave a Comment

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

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

Posted by on Nov 01, 2013 | Leave a Comment

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

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

Posted by on Nov 01, 2013 | Leave a Comment

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

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

Posted by on Nov 01, 2013 | Leave a Comment

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

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

Posted by on Nov 01, 2013 | Leave a Comment

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

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

Posted by on Nov 01, 2013 | Leave a Comment

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

After 22 years and two wars Debt burdens Iraq

Posted by on Nov 01, 2013 | Leave a Comment

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

Maliki meets US Congress delegation

Posted by on Oct 31, 2013 | Leave a Comment

Baghdad (AIN) –The Premier, Nouri al-Maliki, met a Congressional delegation, led by Senator John McCain, within the course of his meetings with US figures during his current visit to America. A statement received by AIN quoted the Iraqi Ambassador to US as saying “Maliki met the congress delegation and focused during the meeting on security, Iraq’s relations with neighboring countries and Syrian crisis as well as... 

Major problems projected in 2014 budget; Delays expected

Posted by on Oct 31, 2013 | Leave a Comment

29 October 2013 Predicted Chairman of the Finance Committee in the House of Representatives Haider Abadi, the late arrival of the draft 2014 budget law to the Council to contain the problems in the financial structure, revealing that the discussions of the Ministerial Committee for examining the details of the ongoing budget. He Abadi hoped the arrival of the budget to the House of Representatives before the holiday legislative... 

Expert: Iraq can see limited affect by the rise in the euro

Posted by on Oct 31, 2013 | Leave a Comment

Economic 30-10-2013 12:37 PM Baghdad (newsletter). The financial expert said Abdul Aziz Hassoun, the rise in the euro area reflect negatively on the rest, their recovery has positive impact on other countries, particularly oil exporting countries. He said Hassoun (News Agency): the acute crisis affecting the major currencies influence the level of world trade, adding that Iraq is affected by fluctuations in the euro area... 

Maliki up to Washington in a five-day official visit; Begins with Biden

Posted by on Oct 30, 2013 | Leave a Comment

30-10-2013 11:33 AM Baghdad (news) .. Prime Minister Nuri al-Maliki to the capital of the United States and Washington on an official visit lasting five days. An informed source (of the Agency news): that al-Maliki arrived in Washington at the head of a government delegation, noting that he would meet with Vice President Joseph Biden. It is noteworthy that Prime Minister Nuri al-Maliki announced at a news conference in... 

“Strengthen Iraqi Dinar and make it acceptable internationally, not just local”, says banking expert

Posted by on Oct 30, 2013 | Leave a Comment

Suri calls to strengthen the Iraqi dinar and turn it into a currency is possible to deal internationally October 22, 2013 Called banking expert Majid picture, today, to strengthen the Iraqi dinar and turn it into a currency is possible to deal at the international level, not just local. He said the picture: that local  and international inappropriate disengagement of the Iraqi dinar to the U.S. dollar, ruling out... 

Parliament votes tomorrow on the Law of the infrastructure and read the three bills

Posted by on Oct 30, 2013 | Leave a Comment

Tomorrow Press / Baghdad: announced the Information Service of the House of Representatives,  that the parliament will vote on a bill reconstruction of infrastructure and service sectors, and read the three other bills. said circuit in a statement posted on the parliament-mail and informed him, “Tomorrow’s Press,” The “the agenda of the meeting of the Council of Representatives of 29 of the first... 

Project Iraq 2013 exhibition kicks off

Posted by on Oct 30, 2013 | Leave a Comment

28/10/2013 IRBIL, Oct 28 (KUNA) — The 6th International Exhibition for Construction and Environmental Technology, Materials and Equipment for Iraq (Project Iraq 2013) opened at the fairgrounds on Monday, Under aegis of Iraq’s Kurdistan Regional Government. Eighteen Kuwaiti firms showcase their products at the exhibition which lasts until October 31, said Zainab Hussein, director of the Export Promotion Division of... 

Iraq plans to be the largest exporter of crude oil in the world

Posted by on Oct 30, 2013 | Leave a Comment

10/30/2013 12:00 AM predicted a specialist oil that there is a change in the course of marketing policy of Iraq’s oil and toward the Asian market, which is a good indication of the acquisition Iraq it, founding it on the country’s progress because increases export capacity of crude oil in order to acquire the Asian market. comes at a time encouraged where that Iraq has excess capacity of crude oil in the coming years,... 

Finance Committee Member: the need to facilitate the procedures for the sale of hard currency to support the stability of the dinar exchange rate

Posted by on Oct 29, 2013 | Leave a Comment

27-10-2013 05:06 AM Baghdad (news) .. The member of the Finance Committee MP / Kurdistan Alliance / Dler capable of, the Central Bank of the need to facilitate the procedures for the sale of hard currency for citizens and banking companies to support the Iraqi dinar exchange rate against the U.S. dollar. Said is capable (of the Agency news): The Central Bank of the demands of setting up a mechanism facilitate the sale... 

Kuwait: It’s time to change the model of the “welfare state”; Unsustainable

Posted by on Oct 29, 2013 | Leave a Comment

Kuwait warned its citizens on Monday that model “welfare state” adopted by the Kuwaitis care from the cradle to the grave unsustainable It is time to change it. Prime Minister Sheikh Jaber Mubarak Al-Sabah, through the provision of his government’s program for the next four years to the parliament, “The truth that everyone should mindful, is that the current welfare state which she is accustomed Kuwaitis are not... 

Iraq will participate tomorrow in the World Islamic Economic Forum IX in London

Posted by on Oct 29, 2013 | Leave a Comment

participate Iraq and more than 115 countries on Tuesday in the World Islamic Economic Forum {WIFE} ninth in the British capital of London. A statement from the British Embassy received by the agency {Euphrates News} copy of it today that “the United Kingdom will host on Tuesday, World Islamic Economic Forum with the participation of delegations from Iraq and from more than 115 countries, will attend the World Economic... 

Article discussing the need for new currency in Iraq; Coins, Deletion of Zeros, New categories

Posted by on Oct 29, 2013 | Leave a Comment

Re-coin claims of financial dealings 27-10-2013 It is rare to find in a purse citizens shoppers and commuters in taxis coin sound monetary, are often torn or Mthrih for frequent use and exposure to different climates of heat and cold and frequent trading, the important thing of all, they have become a source of concern to them, as frequented a lot of sellers and owners of cars fare in receipt of such money after that... 

Smaller IQD notes scarce due to unwillingness of banks to deal with them, says expert

Posted by on Oct 29, 2013 | Leave a Comment

24-10-2013 10:30 AM Baghdad (news) .. Financial expert attributed Ahmed ابريهي, the cause of the scarcity of small-class currency in the Iraqi market, to the unwillingness of banks to deal and do not receive from the central bank. He said ابريهي (of the Agency news): that most banks do not receive a paper currency with a small class (250, 500 and 1000) dinars, the central bank and to go ahead deal out, Maady... 

Iraqi banks non-modern banking systems delay the completion and increase of opportunities

Posted by on Oct 29, 2013 | Leave a Comment

Movement of funds to “Alگoana” banks lack modern techniques 26/10/2013 Despite the rapid development in the world of banking, and the recovery of the movement of money in the countries of the world through modern technology, employing the Internet, is still Iraqi banks adopt traditional systems of old, and uses most of its personnel manual methods widely used for the completion of banking services, causing delay... 

Najafi discusses with Barzani ways to reach a consensus on the election law

Posted by on Oct 29, 2013 | Leave a Comment

10/27/2013 12:00 AM Following his visit to Kurdistan and meeting with officials in Erbil, expressed Kurdistan Region President Massoud Barzani, hope to establish parliamentary elections as scheduled, without delay, expressed during his meeting with House Speaker Osama Najafi yesterday in Arbil, the hope reaching political parties to positive results that could lead to common understandings to pass the election law, which... 

Economist calls for a reduction of currency in circulation; Says GOI should adopt modern card systems

Posted by on Oct 29, 2013 | Leave a Comment

10/24/2013 12:00 AM called researcher economic state fair government banks to develop its adoption of modern technology to reduce the size of the money supply in circulation. said in a statement (morning) that the systems of modern banking in the state banks would activate the automated systems of the card electronic what keeps more liquidity in the bank accounts. confirmed just post 13 banks from private banks... 

Economist calls for Iraqi banks to deal with small class currency to satisfy the need of the market

Posted by on Oct 29, 2013 | Leave a Comment

October 24, 2013 Economist calls for Iraqi banks to deal with small class currency to satisfy the need of the market BAGHDAD – ((eighth day)) Economic expert called Ahmed, today, Iraqi banks to deal in the same category currency from the central bank to satisfy the need of the market, stressing the need to receive large numbers of the central bank and put it on the market. The said that “most of the banks do not receive... 

Iraq looks to settle debt with Jordan and Egypt; Arab countries hold firm on debt owed, despite huge reductions by China, Russia, and Japan

Posted by on Oct 29, 2013 | Leave a Comment

Iraq’s Debt Settlement With Egypt And Jordan On October 23, 2013 According to press sources Jordanian, on Wednesday, the Iraqi government has authorized the Iraqi Minister of Finance and the Governor of the Central Bank of negotiation and debt settlement Jordanian and Egyptian on Iraq, according to an agreement, “the Paris Club.” Said Jordan News Agency “Petra” in the news of her day: that “The Iraqi government... 

The exclusion of 12 banks waged daily currency auction; Experts warned of the acquisition by banking companies

Posted by on Oct 29, 2013 | Leave a Comment

10/24/2013 12:00 AM varied views of specialists in economic affairs around the central bank’s decision excluding 12 out of 32 banks waged from the auction currency for not achieving increased their capital to 250 billion dinars within the period set by the Bank For those banks, regarding an economist believes that this decision will impact on the reputation of banks, both domestic and external.   He noted educator... 

Cabinet authorizes Minister of Finance and Governor of CBI to negotiate debt settlement with Jordan and Egypt

Posted by on Oct 29, 2013 | Leave a Comment

Cabinet decided to authorize the Minister of Finance and the Governor of the Central Bank of negotiations for the settlement of the Jordanian and Egyptian debt on Iraq, while commissioned the Ministry of Higher Education and Scientific Research to expand acceptance in the medical colleges Group. A statement issued by the Council of Ministers received {Euphrates} a copy of “The Council held its forty-fourth regular... 

GOI is responsible and has a priority to transition to a market economy; Economist calls for economic reform

Posted by on Oct 28, 2013 | Leave a Comment

Priorities for the transition to a market economy 10/23/2013 12:00 AM warned an economist that the economic reality and the existing social in Iraq requires a bigger role for the state without confined to the general budget, but stressed the need not to overlook the role of the private sector in this activity, calling for the need to lay the foundations of modern economic order to ensure investment full resources and... 

Iraq’s financial policy good but it is not effective in the long run, says Saleh (former Vice CBI Governor)

Posted by on Oct 28, 2013 | Leave a Comment

10/23/2013 12:00 AM He said that the budget is part of the five-year plan and not vice versa Saw Mokhtassan in the economic necessity of making fiscal policy and a clear long-term in order to achieve the goals set for the budgets of the country’s public and take measures hedging to reduce the impact of fluctuations in oil prices on the budget with a supplier sole stressing in the same time, the importance of diversifying... 

Differences between Baghdad and Kurdistan need resolved prior to approving 2014 budget, says economic committee member

Posted by on Oct 28, 2013 | Leave a Comment

Economy: the need to overcome differences between Arbil and Baghdad regarding oil prior to the approval of the federal budget 22-10-2013 10:37 AM Baghdad (newsletter). Member of the Committee for economy and investment Deputy//ÚÈÏ çáúèçó sheyaa, the importance of overcoming all the differences between the Governments of the region and the Centre for oil in next year’s budget, noting that committees formed... 

Article calls to amend the Iraq’s investment law

Posted by on Oct 28, 2013 | Leave a Comment

10/23/2013 12:00 AM BAGHDAD – morning counting parliamentary Investment Law No. 13 of 2013 and its amendments Palmrn to its potential in facilitating investments, but did not reach the standard format to attract. said a member of the Economic Commission parliamentary deputy Abdul-Abbas Xiaa: The legislation window to اتلبي ambitious investor in some joints. pointing out that Amendment expected the investment law... 

Iraq should expand bank branches internationally to open opportunities, says Finance Committee Member

Posted by on Oct 28, 2013 | Leave a Comment

Smart answer: open branches of Iraqi banks abroad will boost the economy and investment 21-10-2013 12:50 PM Baghdad (newsletter). She is a member of the Finance Committee, a Deputy from the Kurdistan Alliance//smart Najeeb, Iraqi banks to open branches in the world, saying that such a step would open the field of investment and banking transactions in other States. Najib said (News Agency): the Iraqi banking system continued... 

Finance Committee: CBI is required to help develop non-government banks to meet standards

Posted by on Oct 28, 2013 | Leave a Comment

Financial: the Central Bank is required to develop a plan to improve the work of local banks 21-10-2013 11:30 AM Baghdad (newsletter). The parliamentary Finance Committee, called the Iraqi Central Bank to a strategic plan for the development of the work of the local banks, according to the evolution of global banks, in order to contribute to the support and development of the national economy. The Vice-Chairman of the... 

Source: US officials extended official invitations to Maliki, Allawi, Najafi, and Barzani

Posted by on Oct 28, 2013 | Leave a Comment

Allawi And Barzani And Najafi In Washington By Al-Maliki On October 21, 2013 BAGHDAD / News Network Iraq – visiting head of the coalition in Iraq, Iyad Allawi, Washington, DC, in response to a formal invitation to him, to discuss the situation in Iraq and the region. According to a source familiar with the “Allawi is visiting Washington in response to an official invitation addressed to him from U.S. Vice President... 

Allawi in US hospital over existing knee injury; Some sources believe Allawi to visit US officials during stay

Posted by on Oct 28, 2013 | Leave a Comment

Allawi “is visiting America for treatment of an old knee injury”?! Expressed close to the Iraqi leader surprised at the statements that addressed some of the media for that Ayad Allawi’s visit to Washington, an official came to meet the U.S. government’s invitation. Indicating that Allawi, currently lying in a U.S. hospital for treatment of an old knee injury. A member of the Iraqi List, Adnan Aldenbos in a statement... 

Iraq participates “INTOSAI” Conference in China to develop financial control

Posted by on Oct 28, 2013 | Leave a Comment

20-10-2013 BSA announced federal, Sunday, announced its participation conference “INTOSAI” which will be held in China for the development of censorship, saying the conference is an opportunity to exchange experiences, opinions, and discuss important technical issues. A press release said the bureau, received “Alsumaria News” a copy of it, that “the Chief of Staff Abdul Basit Turki headed a delegation to participate... 

Finance Committee : Government banks is not suitable for financial and economic development

Posted by on Oct 28, 2013 | Leave a Comment

\10/21/2013 19:41 Tomorrow Press / Baghdad: The Committee considered the House Financial, on Monday, that the reality of government banks is not suitable for the development of the financial and economic, stressing that the restructuring of those banks was launched five years ago has not been implemented properly. said a member of the Finance Committee Secretary Hadi Abbas for “tomorrow Press “that” required now... 

Economists respond “Cant unlink USD from IQD” as suggested by the Economic Center; Creates further discussion regarding IQD units

Posted by on Oct 28, 2013 | Leave a Comment

Economists: cannot unlink dollar from Iraqi dinar 20-10-2013 Despite the White House end the Government shutdown crisis of America there is another crisis threatening the US economy is the US government debt ceiling height to record levels reached 10 trillion dollars, an amount much difficult in the absence of indicators of recovery of the US economy, threaten new economic crises threatening the dollar. The economic... 

Parliamentary Commission Member: Economy is likely to lower rates of inflation and unemployment in the coming period

Posted by on Oct 28, 2013 | Leave a Comment

20-10-2013 12:34 PM Attributed a member of the Committee on the economy and investment MP / Kurdistan Alliance / Jassim, cause of the low rate of inflation in Iraq, to the success of central bank policy and the stability of the currency. was likely in a statement: low rate of inflation, poverty and unemployment in the coming period significantly , due to the economic recovery experienced by the country’s high budget... 

Finance Committee Calls for the adoption of electronic banking services in Iraq

Posted by on Oct 28, 2013 | Leave a Comment

10/19/2013 Called on the Finance Committee in the House of Representatives, the Iraqi banks to activate some modern banking services, such as the settlement of financial transactions through mobile phones, or credit cards, so as to reduce the handling of paper currency. Committee member Abdul Hussein al-Yasiri, said in a statement to Radio Free Iraq “to find new methods for the settlement of cash transactions electronically,... 

Economic center: U.S. debt crisis would hurt the Iraqi economy from low world oil prices

Posted by on Oct 28, 2013 | Leave a Comment

20-10-2013 06:51 AM Baghdad (newsletter). The President of the economic information center predicted Dergham Mohamed Ali, the Iraqi economy was affected by the debt crisis, which will lead to lower oil prices in the world oil market. He Mehmet Ali (News Agency): to increase the debt of America would not lead directly to the recession, but Government closure effect in one form or another on the income of the employees... 

Maliki begins his visit to Washington on Oct 29, Will meet President Obama during stay

Posted by on Oct 28, 2013 | Leave a Comment

06:41 PM Prime Minister Nuri al-Maliki beginning of the twenty-ninth of the month visit to the United States in response to an official invitation from U.S. Vice President Joe Biden. The Information Office of the Prime Minister in a press statement: “The al-Maliki will be held during the visit, meetings with U.S. President Barack Obama and Vice President Joe Biden and senior officials in the United States, focused on... 

Iraq Economic Center: CBI should disengage from USD in its currency reserves, Use stable alternative currencies; Blames instability, high debt of the U.S.

Posted by on Oct 28, 2013 | Leave a Comment

Center calls for economic disengagement of the Iraqi dinar to the dollar Date Posted: 2:39 pm, October 19, 2013 BAGHDAD (Independent) .. Economic Information Center called for Iraq to move from the dollar area and linking the Iraqi dinar more stable currencies. The head of the center Dergham Mohammed Ali said in a statement today, “despite the announcement the White House, the end of the crisis, shutdown the government... 

CBI increased its cash reserves to $76 Billion to support the dinar exchange rate, says Finance Committee

Posted by on Oct 28, 2013 | Leave a Comment

Member of the Finance Committee: the Central Bank use the increase in the cash reserve to support the dinar exchange rate 19-10-2013 12:56 PM Baghdad (newsletter). Student member of the Finance Committee, a Deputy from the Kurdistan blocs Coalition//Jimmy is able to exploit the increase in the cash reserve of hard currency to support the Iraqi dinar exchange rate against the US dollar. He is capable of (News Agency):... 

Iraq’s foreign debt totals $39 Billion

Posted by on Oct 28, 2013 | Leave a Comment

Parliamentary Research Service: Total Iraq’s foreign debt of $ 39 billion BAGHDAD – Iraq Press – 19 October / October: A report issued by the research department of the Council of Representatives of Iraq, seen by / Presse Iraq /, that “Iraq’s foreign debt until 31/12/2012 have been classified into four categories, the Paris Club debt, and countries outside the Paris Club and commercial creditors, and debts of... 

CBI: We strive for a balanced ratio of gold with hard currency reserves

Posted by on Oct 28, 2013 | Leave a Comment

10/19/2013 – 11:25 Central Bank of Iraq, on Saturday, on his quest to find a balanced ratio of gold with hard currency reserves, considering that whenever the reserve size increases less than the contribution of other components. The governor of the central bank and agency Abdul Basit Abdul Samad said in an interview for “Alsumaria News”, “The Bank seeks to balanced ratio of gold compared to reserves of hard currency... 

Maliki’s visit to Washington aimed at discussing the Strategic Framework Agreement (SFA)

Posted by on Oct 28, 2013 | Leave a Comment

17-10-2013 Prime Minister Nuri al-Maliki, on Thursday, said the aim of his visit, which planned to be made to the United States early next month is to discuss the strategic framework agreement, confirming the presence of a desire to activate this agreement from both sides. Maliki said in an interview for a number of media, including “Alsumaria News”, on the sidelines of attending the ceremonial marriage collectively... 

To make Dinar desirable internationally requires a stable and productive Iraq, says financial expert

Posted by on Oct 28, 2013 | Leave a Comment

10/18/2013 Financial expert: the power of the national currency is the existence of political and economic stability in the country attributed the financial affairs expert Thamer Jassim Al-Ali, the reasons for rejection of the neighboring countries to deal dinars to the absence of political and economic stability and security in the country, making their confidence is weak. Ali said: The country still suffers from the... 

SLC MP: Discussing replacing Talabani, complicated

Posted by on Oct 28, 2013 | Leave a Comment

Thursday, 17 October 2013 11:59 Baghdad (AIN) –MP, Mohammed al-Sayhoud, of the State of Law Coalition described discussing replacing the President, Jalal Talabani, at the current time as “Complicated.” Speaking to All Iraq News Agency (AIN), he said “Discussing this issue is complicated due to the remaining time of the government.” “The Vice President, Khudhir al-Khuzaiye, could run Talabani’s post neutrally... 

Shahristani: Iraq to be main provider of oil for world

Posted by on Oct 28, 2013 | Leave a Comment

Friday, 18 October 2013 08:30 Baghdad (AIN) –The Deputy Prime Minister for Energy Affairs, Hussein al-Shahristani, assured that “Iraq is working to increase its oil production and will be the main provider of crude oil in the world.” A statement by Shahristani’s office cited “The Deputy PM for Energy Affairs participated in the 22nd International Energy Conference which was held in Daigo city in South Korea.” Shahristani... 

UNAMI: 6 million Iraqis are still living below the poverty line

Posted by on Oct 28, 2013 | Leave a Comment

18-10-2013 05:44 PM Baghdad (news) .. According to the UN mission in Iraq ‘UNAMI’, that 6 million Iraqis are still living below the poverty line of about 33 million people in the country beyond the budget of Finance’s annual $ 100 billion. mission said in a statement on the occasion of the International Day for the Eradication of Poverty received (News Agency news) a copy of it: The United Nations wants to focus... 

Najafi, Biden discuss Iraq’s security and holding the elections on time

Posted by on Oct 28, 2013 | Leave a Comment

Najafi, Biden discuss Iraq’s security and holding the elections on time Search House Speaker Osama Najafi in a telephone conversation with U.S. Vice President Joseph Biden, the situation in Iraq and the region. A statement by the Office of the President of the House of Representatives that “the two sides discussed during the phone call files political and security situation in the region, especially the situation... 

Iraq working to promote a free market policy that suits the global economic openness, says Shahristani from South Korea

Posted by on Oct 28, 2013 | Leave a Comment

Wednesday, October 16 1 / Okrudolf 2013 Deputy Prime Minister for Energy Hussain al-Shahristani said the Iraqi government is currently working on promoting free-market policy through the creation of new economic legislation suited to the global economic openness and that would encourage foreign investment, both direct and indirect. A statement by the Office of the Deputy Prime Minister, received today and all of Iraq... 

Healthy economic environment needed for trade, investors, & WTO accession, says Iraq Ministry of Commerce

Posted by on Oct 28, 2013 | Leave a Comment

14/10/2013 (00:01 pm) Trade: government facilities for traders and investors need to be “vaccinated” with a number of economic measures The Ministry of Commerce, yesterday, the Iraqi government the need to “vaccinate” the facilities provided for Trade and investors Iraqis and foreigners through the addition of some of the actions to serve the interest of the parties, and among that among those procedures open exchange between... 

Replacing Talabni depends on Doctor’s report and parliament, says Kana

Posted by on Oct 28, 2013 | Leave a Comment

Thursday, 17 October 2013 14:32 Baghdad (AIN) –MP, Yonadim Kana, assured that the issue of replacing the President, Jalal Talabani, depends on the medical report o the supervising doctor. He stated to AIN “Occupying the President’s post is a constitutional issue that involves specific measures in this regard.” “The final decision is to be made by the parliament,” he concluded  Read More →

CBI: Iraq’s inflation less than neighboring countries; However its reliance on oil is structurally wrong for the economy

Posted by on Oct 28, 2013 | Leave a Comment

Central Bank: inflation in Iraq is scary, which is less than neighboring countries 16/10/2013 – 11:04 Considered the Iraqi Central Bank, on Wednesday that inflation in Iraq is scary which is less than neighboring countries, stressing its ability to curb any inflation in the event of a rally. The central bank governor said Abdul Basit Abdul Samad said in an interview for “Alsumaria News”, “inflation in Iraq is... 

Iraq: Slight increase in the annual inflation index

Posted by on Oct 28, 2013 | Leave a Comment

The Ministry of Planning and Development Cooperation slight rise in the inflation index for the month of September compared with September 2012. Said ministry spokesman Abdul Zahra al-Hindawi told a news briefing: “The inflation index during the month of September saw a slight rise in rates by 0 , 05% compared with August last year. ” And added: “The Central Bureau of Statistics completed the inflation report which... 

Economist: Capital Market disability; The threats on the path to economic development in the country

Posted by on Oct 28, 2013 | Leave a Comment

Posted 08/10/2013 05:52 PM Economic expert called gentle Abdul Salem Okkaily, the need to encourage investment and transfer of state-owned companies to convertible contribution to the support and development of the Iraqi market for securities. Ugaili said in an analytical study prepared (of the Agency news): Iraq depends on a mission to provide most of the needs of daily commodities and goods on the markets of the various... 

Shahristani: China seeks to buy 850,000 barrels of oil a day in 2014

Posted by on Oct 28, 2013 | Leave a Comment

16-10-2013 04:34 PM Baghdad (newsletter).Deputy Prime Minister for Energy Affairs Hussein Al-Shahristani, said Wednesday that China is seeking to buy about 850,000 barrels of oil a day from Iraq. To buy China 568 thousand barrels of oil this year, up from 525,000 barrels a day in 2012. Al-Shahristani said that luck toward Iraq because it has always had applications to export more than it imported. He added that Iraq has... 

Politician suggests more is needed than just economic reform law in order to transition to a free market economy

Posted by on Oct 28, 2013 | Leave a Comment

Do you endorse the economic reform law? 13/10/2013 07:01 PM Head of advisers Minister Thamer Ghadban that the law of economic reform will pass during this session, noting that the law has dimensions positive on the Iraqi market. said Anger in a statement (of the Agency news): The process of turning the Iraqi economy from a socialist economy to a free economy, Pat be difficult unless you change the legislation that... 

Iraqi Commercial Bank: civil and private banks need to broaden the base of their work

Posted by on Oct 28, 2013 | Leave a Comment

14/10/2013 18:43 The Iraqi Commercial Bank said on Monday, private banks and the need to broaden the base of their work and the practice of bank credits and bank wire transfers, saying that state banks can not provide loans to investors to ensure the ground. The Director of the bank Hamdiya dry for “tomorrow’s Press,” that “private banks and private urgent need to expand the base of its work and practice credits... 

Maliki to visit Washington in Oct. 25; Accepts Obama Invitation

Posted by on Oct 28, 2013 | Leave a Comment

14/10/2013 09:20:00 BAGHDAD / NINA / A source, close to Prime Minister Nuri al – Maliki, said: “Al-Maliki will visit Washington at October 25, at an official invitation from U.S. President Barack Obama.” The source told the National Iraqi News Agency / NINA / that al-Maliki will go to Washington on a head of large ministerial delegation on 25, Oct and will meet with U.S. President Barack Obama, to discuss the strategic... 

Former CBI Gov. Shabibi underscores the responsibilities of the CBI, urges an efficient government

Posted by on Oct 28, 2013 | Leave a Comment

We put the foundations for a stable dinar and hard currency and the urgent need for an efficient government sector and high productivity … Sinan Shabibi Mohammad Reza The objective basis for the central bank is working to achieve stability in the domestic prices and foreign currency exchange rate, not the distribution of money to the merchants by their banks as imagined by many who gave the impression that the so-called... 

IMF projects 2014 will be year of investment for Iraq; Estimates economic growth over next 5 years

Posted by on Oct 28, 2013 | Leave a Comment

A citizen’s Deputy Prime Minister for Energy Affairs Hussain al-Shahristani «The International Monetary Fund estimates indicate that Iraq will keep the rate of increase in economic growth over the next five years, while considered that the year 2014 will be a year of investment in the country, called for a non- Deputy Prime Minister for Energy Affairs Hussain al-Shahristani «The IMF estimates indicate that Iraq will... 

Iraq Board of Commissioners approves April 2014 for parliamentary elections

Posted by on Oct 28, 2013 | Leave a Comment

Commission endorses the timetable for parliamentary elections 2014 Monday, October 14 1 / Okrudolf 2013 15:30 Board of Commissioners approved the Electoral Commission for elections on Monday, on your schedule the election of the Iraqi Council of Representatives 2014. It is said that Parliament had failed in the last session has to vote on the election law, which has seen several differences between the blocs, including... 

April 2014: Electoral system will map the next Parliament vote; Political blocks waiting for the overthrow

Posted by on Oct 28, 2013 | Leave a Comment

14-10-2013 10:03 AM Baghdad (News)/report/… The country’s approaching election of deputies who will be in April next year, and forecast political elections by Jan short-lived political blocks are now on the map of not submitting anything to citizens and their electoral programmes, as these will determine the electoral system for the election law, which is the current conflict between the political blocs to modify. In... 

Iraq’s Tauki Oil Field may contain sea of oil, says Norwegian Oil Company

Posted by on Oct 28, 2013 | Leave a Comment

De. Said. Or International: Iraqi field may contain “sea of oil” 14 October 2013 DNO said. Said. Norwegian or International on Monday that new wells in Iraq’s its oil Tauki field produces more than any of the other wells that have been drilled so far. The horizontal well produced Tauki 23 to 32 thousand and 500 barrels of oil per day superior on the well Tauki 20 produced in the recent period of 25 thousand... 

Its time to revamp laws hindering foreign investment, says Secretary General of Council of Ministers

Posted by on Oct 28, 2013 | Leave a Comment

Sec General calls to raise the old laws faced by foreign investors 14/10/2013 17:11 the Secretary General of the Council of Ministers on the Keywords, on Monday, the legislative and executive branches to raise the old laws faced by foreign investors, saying that the real investment needs to be supportive of laws and appropriate ground for foreign investors. Keywords said “tomorrow’s Press,” that “the legislative... 

Parliament calls for the formation of the Federal Council for Oil and Gas

Posted by on Oct 28, 2013 | Leave a Comment

14 October 2013 Committee called on the parliamentary oil and energy to speed up enactment of a law of the Federal Council for Oil and Gas decode the interactions between the ministries of oil and electricity and problems with the provinces and the Kurdistan region, telltale important positive role to be undertaken by the Council in the development of strategic policies for energy. Rapporteur of the Committee MP Mohammad... 

UN calls on Iraqis to achieve unity and to address violence

Posted by on Oct 28, 2013 | Leave a Comment

called on the United Nations, on the occasion of the advent of Eid al-Adha, all Iraqis and their political and religious leaders and civil rights to seek to achieve unity and understanding among them. The Special Representative of the Secretary-General of the United Nations in Iraq, Nikolay Mladenov, in a press statement received news agency public opinion (and babysit) a copy of it on Monday: “In this holiday At this... 

Arab Parliament: Iraq has a major role in the region

Posted by on Oct 28, 2013 | Leave a Comment

Monday, October 14 1 / Okrudolf 2013 13:37 The head of the Arab Parliament Ahmad Al Jarwan, that Iraq a major role in the region, and has the weight of its stability. Jarwan denounced in a press statement on Monday everything that goes on from acts of terrorism in Iraq, all spectra, stressing that “we do not stand with the community against another, but we are against the terrorism that comes from the inside and from... 

Iraq needs to get serious about mending economic laws to improve economy, says Economic Development expert

Posted by on Oct 28, 2013 | Leave a Comment

Economic Expert: broken economic laws needed to stop serious concerned to pass 13-10-2013 11:34 AM Baghdad (newsletter). Industrial development expert, said Amer Al-jawahiri, economic development could not be achieved by logos and endoscopy and remarks, noting that the law and institutional approach and experience of the most important factors to drive the economy. He said Al-jawahiri (News Agency): we have many important... 

Iraqi editorial reflects on “good ol’ days” of the Iraqi Dinar and its history

Posted by on Oct 28, 2013 | Leave a Comment

Seniors leave out zeros currency by the government 12/10/2013 Agency JD / Abbas Al traveler / .. You might have heard and you shop from the grocer or when buying bread or during the ascension in transportation also, you hear one “older” pronounces the words Hack: text dinars, or quarter of a dinar or give me bread dinar, at first glance you think he suffered a “Alzheimer’s,” but when Tfhsk position well,... 

Editorial on the the Process of Deletion of zeros from the Iraqi dinar

Posted by on Oct 28, 2013 | Leave a Comment

11/10/2013 Raised the issue of deletion of zeros from the Iraqi dinar and promoted by the central bank in recent times a lot of talk among professionals about the economic feasibility and its impact on the Iraqi economy, has reported advisers at the central bank that the deletion of zeros will help to alleviate the Event inflation suffered by the Iraqi economy where This action will help to reduce the money supply in... 

CBI attributes the scarcity of quality banknotes (dinars) due to ineffecient replacement methods

Posted by on Oct 28, 2013 | Leave a Comment

Central Bank attributed the presence of the scarcity of good in paper currencies to the weakness of “mechanism” to receive damaged 11/10/2013 19:28 He attributed the Central Bank of Iraq, said Thursday there is scarcity in Banknotes good with small category in the markets to the weakness in the mechanism of receiving damaged, and pointed out that “careful” not to treat citizens or markets currencies damaged,... 

Economist calls on CBI to adopt oil and gas instead of gold and USD currency reserves

Posted by on Oct 28, 2013 | Leave a Comment

Economist calls for the adoption of the oil and gas reserve of the Central Bank economist May 11, 2013, 1:43 pm Economic expert called on behalf of Jamil Antoine, on Saturday, the central bank to adopt oil and gas Kkhozan the reserves instead of gold and the dollar, stressing that the value of oil exports during the year twice all the gold reserves in the country. Said Antoine told him the reporter, “news agency Iraqis,”... 

US Ambassador encourages Iraqis to explore American business ventures at Baghdad International Affair

Posted by on Oct 28, 2013 | Leave a Comment

Counting the U.S. ambassador in Iraq, Robert Beckerov, on Friday, the presence of U.S. companies in the Baghdad International Fair as “evidence of the economic relations strong between the two countries,” and that the show “featuring American companies a manufacturer of aircraft, vehicles and electrical energy, financial services and defense,” and when he announced his pride severe “corporate contributions to... 

Iraq has potential to be influential player in global economy, says Iraqi Deputy Prime Minister

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Shaways: The Potential Of Iraq Make It Effective In The Global Economy On October 8, 2013 Brussels: News Network Iraq – Deputy Prime Minister Ruz Nuri Shaways that Iraq has the potential to make it an influential player in the machine civilization, and the global economy. Said Shaways in a speech at the Conference on investment in Iraq, held in the capital of Belgium Brussels, that the great potential that enjoyed by... 

Maliki throws hat in for third term, Heads to Washington DC at end of October

Posted by on Oct 28, 2013 | Leave a Comment

11/10/2013 spare Iraqi Prime Minister Nuri al-Maliki doubt certainty when he announced his intention to explicitly run for a third term as prime minister amid strong opposition from his opponent within the National Alliance Sadrists and the Iraqi List, outside of this alliance. Maliki said in a televised statement on Thursday evening that «if the people wanted and we have the largest parliamentary bloc as a law within... 

Economic Committee Member discusses the benefits of the National Card System

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10-10-2013 11:36 AM Baghdad (newsletter). Member of the Economic Committee described the MP from iraqiya/Nora/albegari, national card system used in the Iraq cultural project that reduces the burden of administrative and routine accumulation during transactions. Said albegari (News Agency): the national card is a management system in place in the countries of the world, proposed by the Ministry of planning to reduce congestion... 

Investment agreements pave the way for Iraq’s accession to the World Trade Organization, says economist

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10.10.2013 12:00 AM counting Economists investment agreements and economic signed by Iraq with the countries of the world one of the important steps that pave the way for Iraq’s accession to the World Trade Organization because it is considered a first step towards collective bargaining. Economist and academic, Dr. Acer Yassin said in a statement (morning): The “hold these agreements to the benefit of both sides... 

Parliament proposes borrowing money from CBI reserves to afford the cost of infrastructure projects

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10-10-2013 07:07 AM Baghdad (newsletter). Member of the Finance Committee suggested that a Deputy from the Kurdistan blocs Coalition//Jimmy, using cash reserves at the Central Bank instead of resorting to the payment term for companies in the implementation of the projects included in the infrastructure. He is capable of (News Agency): the Central Bank announce from time to time about increasing the cash reserve of... 

Economist: Evolution of economic activity led to fluctuation in inflation rates; Calls for advisory council for guidance toward transforming to free market economy

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Economist: evolution of the economic activity of the country led to a decline in inflation rates 09/10/2013 04:58 PM The economic expert, contrary goldsmith, it is among the factors that led to the low rate of inflation is the evolution of economic activity in Iraq, and the presence of regional and international confidence in Astaqrarath. The jeweler said (of the Agency news): The large number of investment projects... 

Economist: Capital Market disability is a threat to the path of economic development in Iraq

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Posted 08/10/2013 05:52 PM economic expert called gentle Abdul Salem Okkaily, the need to encourage investment and transfer of state-owned companies to convertible contribution to the support and development of the Iraqi market for securities. Ugaili said in an analytical study prepared (of the Agency news): Iraq depends on a mission to provide most of theneeds of daily commodities and goods on the markets of the... 

Finance Committee: Local banks still lag behind the international banking standards in techniques and developments

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10-10-2013 10:29 AM Baghdad (newsletter). The parliamentary Finance Committee noted the existence of technical and administrative problems have prevented the development of the banking sector in the country, saying that local banks are still lags behind the world in terms of techniques and developments. The Vice-Chairman of the Committee, said attorney Ahmed Faizullah (News Agency): local banks still follow the old traditional... 

Maliki: Iraqis of all religions, sects and nationalities are equal before the law

Posted by on Oct 28, 2013 | Leave a Comment

Prime Minister Nuri al-Maliki, said Iraqis of all religions, sects and nationalities are equal before the law, calling on the clergy to take the leading role in strengthening national unity among all the sons of the Iraqi people. Maliki said in a statement issued on the sidelines of a meeting with the President of the Chaldean Church, Patriarch Louis Raphael first Sacco, and seen “Alsumaria News”, he said “the face... 

CBI Governor (interim) participates in IMF / World Bank meetings in Washington DC

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09/10/2013 16:44:00 Head of the Iraqi Central Bank Governor by interim Abdul Basit Turki headed Iraqi delegation to attend the annual meetings of the International Monetary Fund in Washington. The central bank said in a press statement that ” Turki heads the delegation which arrived to the U.S. capital of Washington to attend the annual meetings of the International Monetary Fund ( IMF ) and the World Bank as... 

In effort to prepare for market economy: National card will be an electronic database to document all Iraqis and visitors; Transition from paper transaction to digital/computerized

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Digitization of information to facilitate procedures for the transition to a market economy 10/09/2013 12:00 AM longer handle the systems and electronic transition from recording the information on paper to digitized in the computer of the important factors that achieve viability within the projects of economic development as it facilitates the procedures for the transition to a market economy and attracting foreign investment. In... 

There needs to be extensive discussions before approval of Economic Reform Act, says D. Raed Fahmi

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10/09/2013 12:00 AM Collect economists on the importance of the enactment of the special economic reform for its importance in removing bugs and deformation in the structure of the Iraqi economy and monounsaturated rentier and update mechanisms and systems controlling it. This comes at a time of the oldest in which the Council of Ministers to approve the bill for economic reform has been submitted to the House of Representatives... 

Iraq has enormous amounts of oil

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10/09/2013 12:00 AM BAGHDAD – morning adviser said the Iraqi Institute for Economic Reform, Dr. Ahmed al-Husseini that define the role of any other country Geo strategically based on available resources and comparative advantages of the country as well as its location within the circle of regional surrounding it. said Husseini told the (morning) that, according to geological studies of modern van Iraq has 530 geological... 

Iraq Ministry of Planning: Plan to eliminate unemployment

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0 Likes Font Size: 09/10/2013 10:53 Tomorrow Press / Baghdad: The Ministry of Planning, Wednesday, develop a plan to eliminate unemployment, and as pointed out that the unemployment rate in Iraq reached 12%, pointed out that the volume of investment in Iraq’s 417 trillion. He said ministry spokesman Abdul Zahra al-Hindawi for “tomorrow’s Press,” “The ministry has developed a plan to eliminate unemployment within... 

Economic sources: Mysterious, exciting relationship in the currency market between Bank of Huda & CBI

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BAGHDAD – Iraq Press -7 October / October: Informed sources revealed at the CBI for what it called a suspicious relationship between (h.) Of His guidance Commercial Bank on the one hand and the Central Bank and the Commission auction in which on the other hand. “ The correspondent / Iraq Press / economic sources as saying that “the Bank of Huda announced, last Thursday for open أبوب bank until 8 pm to take over... 

Specialists: Iraq’s economy strong; Will not be affected by the new financial crisis

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10/08/2013 12:00 AM Receded in the vicinity of America and its effects may affect the world with the entry of the U.S. economic crisis new due to a failure to approve its budget, similar to the crisis of 2008, despite the different reasons, assured specialists and experts citizens that the Iraqi economy is solid and will not be affected by this crisis. Chairman of the Securities Commission, Dr. Abdul Razzaq al-Saadi said... 

Maliki to visit Washington DC at end of October

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Baldawi: Maliki receives 2 invitiations by Obama to visit Washington Added by Ahmed Hussein on October 8, 2013. maliki receives invitiations by obama to visit washington Baldawi: Maliki receives 2 invitiations by Obama to visit Washington Baghdad (IraqiNews.com) MP, Mufeed al-Baldawi, of the State of Law Coalition announced that the Premier, Nouri al-Maliki, recived two invitiations by theUS President,... 

Bankers: Isolating the banking sector by the CBI procedure and would disrupt the work of banks in the domestic market

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Reports 08-10-2013 10:07 AM Despite the appeal to some members of the Finance Committee and parliamentary bodies the country’s economic isolation of the banking sector by the Central Bank through the enactment of a special allow the establishment of a supreme body an independent banking sector in the country, so that the central bank full-time work to support and stabilize the exchange rate of the dinar against the... 

Economist: money market hampered the Iraqi threat to the country’s economic development path

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08-10-2013 11:34 AM Baghdad (newsletter). The Economist called cute Abdul Salem Al-uqaili, the need to promote investment and transfer of Government convertible to contribution to the support and development of Iraq market for securities. He said Al-uqaili in analytical study (News Agency): that Iraq is on a mission to provide most of the daily needs of goods and commodities markets around the world, the import process... 

Member of the parliamentary economy: linking local banks with a unified communication network would create an investment environment and development in the country

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08-10-2013 10:01 AM Baghdad (newsletter). He called the economy and Investment Committee member MP/Abdul Al-Abbas sheyaa, the Central Bank to speed up the implementation of the project of linking the local banks with a unified communications network to facilitate financial transactions and to create environment for investment and development in the country. Said sheyaa (News Agency): the planned Central Bank and link... 

World Bank calls on Iraq to provide equitable distribution of wealth in the country, Improve economy

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10/04/2013 A survey conducted by the Iraqi Ministry of Planning for a significant increase in the proportion of school drop-out, in parallel with recording a marked improvement in the living conditions of citizens, compared with the 2007 indicators. At the same time detect and Deputy Minister of Planning Dr. Mahdi Keywords for the high proportion of chronically ill patients to 12% of the total population, is also believed... 

CBI responds to Gazette article on its delays implementing banking integration systems

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Re the Central Bank and to clarify the Gazette 10/07/2013 12:00 AM announced the CBI that the project divided the national will play a major role in the development and recovery of the economy in Iraq, where it will provide new business opportunities on the one hand and to attract foreign investors, on the other hand. The bank said in a response about what was published by the morning in the number 2918 on 15/9 / 2013... 

Note: House of Representatives sets election day as April 30, 2014

Posted by on Oct 28, 2013 | Leave a Comment

07/10/2013 15:24:00 Baghdad / NINA /– House of Representatives decided to agree on the date the thirtieth of April of the next year as the date for parliamentary elections.  Read More →

Parliament fails to adopt election law; Try again after Eid holiday on Oct 22nd

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Monday, 07 October 2013 16:17 Baghdad (AIN) –The Iraqi Parliament failed to endorse the elections law draft and decided to postpone voting on this law draft till the end of Eid vacation. Parliamentary source reported to AIN “The Parliament failed once again in voting on the elections law draft since theblocs did not reach an agreement on some items of the law draft,” noting that “The Parliament decided to postpone... 

Murder rate in Chicago higher than Basra, Iraq; Despite risk Financial Times reports Iraq is an investment opportunity

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Financial Times: The murder rate in Chicago is higher than Basra, Iraq despite being a war zone, but it attracts investors Confirmed the prestigious British newspaper, in a report on Sunday that Iraq, despite the deterioration of the conditions of security, but it still represents a golden opportunity for investors in the world, indicating that a little bit of risk can generate huge funds in Iraq. As revealed about the... 

Deletion of Zeros postponed until 2014, But politician says it could be 2015 if delays continue

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Parliamentary economy expects to raise zeros from the Iraqi dinar in 2015 Ali الضرغام – 10/06/2013 Confirmed for the economy and investment committee that parliamentary raise zeros from the dinar improves its value, expected completion of this matter in 2015. A member of the Committee, MP Hassan Salman Wahab in a press statement on Sunday that “raise zeros from the dinar raises its value through the... 

Politicians, experts share views over deletion of zeros as it is expected in 2014; Fears it will disrupt stock market

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Created on Sunday, 06 October 1 / Okrudolf 2013 13:39 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 prevail Iraqi market... 

Member of Finance Committee: Right time to activate the tariff law to support the local product

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Called a member of the Finance Committee MP Abdul-Hussein al-Yasiri, to the necessity of activating the customs tariff law after giving a considerable period to rehabilitate the customs offices in the Iraqi border, in order to support the national product. Yasiri said in a press statement, said Sunday, “that there is an imbalance in the tax legislation of the country, because he can not be a country like Iraq imported... 

Politicians could extend current session if there is failure to pass election law; Election law has 85% approval rating

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Iraq does not rule out extending the work of the parliament and confirm: blocs agreed by the 85% to pass the election law 6/10/2013 1 Confirmed the Iraqi List, on Sunday, that the political blocs could “extend the work of the current parliament” for a specific time period in case of failure to vote on the election law, as shown that the blocs agreed by 85% to pass the law, pointed out that tomorrow’s meeting could... 

Iraq Ministry Planning plans reduce unemployment to 6% over five years; Report on unemployment rate in Iraq expected soon

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The Ministry of Planning and Development Cooperation, on Sunday, it will issue a detailed report on the unemployment rate in Iraq based on surveys conducted by the teams. He said the ministry spokesman Abdul Zahra al-Hindawi told a news briefing on Sunday, “said the ministry and through surveys conducted in all provinces will be released end of this year a report on the proportions unemployment and Mqarnha with unemployment... 

Expert: high rate of inflation leads to weak purchasing power of the Iraqi dinar

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05-10-2013 11:29 AM Baghdad (news) .. Expert stressed financial affairs Majid picture, that in the event weakened the purchasing power of the Iraqi dinar means that the existence of inflation offset by a rise in prices, which greatly affects the economic stability of the Iraqi dinar. said Suri (of the Agency news): The economic stability means the stability of the exchange rate inside and abroad, noting that any weakness... 

Economic Committee Member: Implemenation of investment law will ensure success

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Deputy: Credibility in the implementation of economic laws one of the reasons for the success of investment A member of the Economic Committee MP / Kurdistan Alliance / Mahma Khalil, said that security and stability and credibility in the implementation of economic laws led to the success of investment in Kurdistan. Khalil said: that of success factors for investment in the world is security and stability and the application... 

Iraq should support the private banking sector; more advanced and has developed international relations says Director of the Association of Banks

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Banker: private banks evolved considerably and now has external relations with international banks 03-10-2013 10:57 AM Baghdad (news) .. Invited the Executive Director of the Association of private banks Abdul Aziz Hassoun, the need to support the private banking sector through a deal with him and increase public confidence in him, pointing out that the private banks have evolved a lot and now has the external relations... 

IMF Director warns of the repercussions if US fails to raise debt ceiling, prolonged Arab Spring

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IMF: the transformation of the Arab Spring is the hardest and longest worldwide Published on Friday, 04 October 1 / Okrudolf 2013 13:43 International Monetary Fund warned on Thursday, the repercussions of the Arab Spring on the global economy, expressing fears of continuing it for a longer period. The Director of the International Monetary Fund (IMF) Crecyt Lagarde, in a statement quoted by Reuters news agency, said that... 

Maliki Calls To Stimulate The Private Sector

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On October 3, 2013 in the economic BAGHDAD / News Network Iraq – Prime Minister Nuri al-Maliki to revitalize the role of the private sector, and said that the state does not rise without the participation of the private sector, hello a greater role for the sector in various areas of work and investment, particularly in the field of electricity, oil and agriculture. Stressed when Astkablh today a number of businessmen... 

Parliament slated to vote on the election law Thursday

Posted by on Oct 28, 2013 | Leave a Comment

UPDATE: Parliament postponed this vote until Monday October 7th   10/03/2013 12:00 AM Passed a law ended the second reading of the draft laws BAGHDAD – morning for the House of Representatives once again vote on the election law, the House of Representatives to the meeting on Thursday following a request of the Legal Committee in order to complete the drafting of some of the paragraphs of the law, while the... 

Its important for Iraq to be viewed as sovereign with stable monetary policy, adhering to international conventions; says Member of Association of Iraq Private Banks on international rating systems

Posted by on Oct 28, 2013 | Leave a Comment

Assurances of the importance of Iraq’s sovereign rating 03/10/13 12: 00 am Baghdad-Farah pumice Member of the Association of private banks and Director of Ashur sherwan Anwar Mustafa importance of Iraq a sovereign rating. Mustafa said in his (morning): “there are simple mechanisms, ways to get Iraq on this category, including all countries in the world dealing with the international calendar.” He is a member... 

Maliki meets with banking sector officials; Banking industry the key to future development

Posted by on Oct 28, 2013 | Leave a Comment

Rating Banking Conference 10/02/2013 12:00 AM Yasser incumbent government approved that the banking sector is the mainstay wheel and advanced in the footsteps of development and economic progress as a tributary essential to finance projects and investments. This text is adapted from the word secretary-general of the Council of Ministers during a speech opening the conference of the Iraqi banking first on behalf of the... 

Maliki: Transforming to a market economy should start with a change in culture and approach

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Maliki: transforming the economy of Central based on the public sector to a market economy needs to be a change in culture and approach Prime Minister Nuri al-Maliki convert a central Iraqi economy depends on the public sector to a market economy does not need to just laws and regulations, but also needs to change in culture and approach which grew by Iraqis, including officials in the state. Prime Minister Nuri al-Maliki... 

CBI in talks with Western Union to bring services to Iraq

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02-10-2013 10:16 AM Baghdad (newsletter).The Central Bank summoned company (Western Union financial services, Inc.) to discuss the company’s work in Iraq. A statement from the Central Bank received (News Agency), a copy of: the Central Bank Governor Abdel Basset Turki Agency held a meeting with the company (Western Union financial services, Inc.) to discuss the company’s future work in Iraq  Read More →

A new Iraqi currency, Soon

Posted by on Oct 28, 2013 | Leave a Comment

he Central Bank seeks to delete the three zeros of the Iraqi currency since 2003. Which raises many concerns on the street level and the business and financial community and economists seem divided between supporters of the project saw an opportunity to reduce the rates of inflation and unemployment and forewarned of economic shocks might prevail in the Iraqi market by implementing this project. The project has been postponed... 

CBI: We started issuing money orders for the banks to reduce the civil currency smuggling

Posted by on Oct 28, 2013 | Leave a Comment

BAGHDAD / News: The Central Bank of Iraq, on Monday, he started a few days ago issued civil transfers to banks in order to reduce currency smuggling, referring to the country’s need for more sophisticated mechanisms for the fight against money laundering. The governor of the Central Bank and Abdul Basit Turki Agency in an exclusive interview with the agency “News” that “the central bank began issuing money orders... 

Parliament postpones adoption of the electoral law to Thursday

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10/01/2013 12:00 AM for the House of Representatives once again vote on the election law to the day after tomorrow, Thursday, with extended for a period of one month of the current legislative and voted on the bill and one finished reading the seven laws. comes at a time revealed the Legal Committee of Parliament for the differences on the Law of the election will be decided during the next two days, saying she made a... 

CBI: USD sales escalated and exceeded the 5 and a quarter billion

Posted by on Oct 28, 2013 | Leave a Comment

Tuesday, 01 October 1 / Okrudolf 2013 10:49 In statistical prepared and all of Iraq [where] the auction sale and purchase of foreign currency emerged that the Iraqi central bank sales of the dollar in the past month September sales rose for the month of August with more than $ 700 million. The statistics indicated that the central bank sold at an auction sale of foreign currency during the month of September 5 billion... 

Iraqi economy is expected to grow due to the increase of oil production

Posted by on Oct 28, 2013 | Leave a Comment

Expect MP for the coalition of state law, Ibrahim stirrup growth of the Iraqi economy by increasing oil production and exports. Rikabi said in a press statement on Tuesday that “the economy is one of the important pillars in each country in all fields.” He explained that “our economy passed through several stages, and stops the growth and development at the time of the former regime and the wars and problems that... 

New procedures contribute to higher rates of growth in the Iraqi economy

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10/01/2013 12:00 AM Bandar: objectives of the Commission to facilitate the entry of investors BAGHDAD – Farah pumice ذللت National Investment Commission many of the obstacles faced by the investor when he entered Iraq for the purpose of implementation of investment projects in different sectors and, therefore, are important steps to contribute to the support of the local economy. Director General of the single window... 

Zubaidi discusses with U.S. Inspector General last political and financial developments in Iraq

Posted by on Oct 28, 2013 | Leave a Comment

Zubaidi discusses with U.S. Inspector General last political and financial developments in Iraq Search the head of the parliamentary citizen Bayan Jabr with the U.S. Inspector General last political and financial developments in Iraq. A statement by the Office Zubaidi received {Euphrates} copy of it on Tuesday, “the head of the citizen’s parliamentary Bayan Jabr received the Inspector General George Stuart Bowen and... 

The Association of private banks: private banks contributed significantly to reduce the dollar’s exchange rate dinar in local market

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30-09-2013 07:19 AM Baghdad (newsletter). The Executive Director of the Association of private banks Abdul Aziz Hassoun, the private banks has helped the Central Bank to cut the dollar exchange rate dinar in local market after its commitment to help the Central Bank to sell hard currency. He said Hassoun (News Agency): community banks applied and all instructions issued by the Central Bank, particularly with regard to... 

Iraqi economy fell by 2.3%

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September 30, 2013 Suggested by the Ministry of Planning’s economic growth dropped by 2.3% from the rate recorded last year to 8.2%. The economists have warned Iraq suffered its economy at risk because of its reliance on revenues of oil alone, and that the continued deterioration of the security to the injury of the economy paralyzed and declining investment, as expressed dealers and retailers, in Baghdad for fear of... 

Iraq’s budget for 2014, the highest in the history of the country

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September 30, 2013 Amounted to a source in the Iraqi Ministry of Finance announced today that his ministry has completed the preparation of the draft budget for the country, and sent it to the government as a prelude to discuss the clauses at a future meeting, and forwarded to the House of Representatives for discussion and approval. He pointed to the size of this budget, which are described above in the history of Iraq... 

Specialists: Legislation and modern technology a necessity for the development of banking

Posted by on Oct 28, 2013 | Leave a Comment

09/30/2013 12:00 AM In order to create a banking sector advanced discuss a number of bankers on the second day of the conference, the Iraqi banking the first ways to improve reality of banking, particularly with regard to legislation governing the functioning of commercial banks, Islamic and propose remedies needed to address the determinants of development, especially after he expressed his head Minister ready to support... 

Finace Committee Member: the need to engage international experts to combat money laundering

Posted by on Oct 28, 2013 | Leave a Comment

called a member of the Finance Committee MP Abdul-Hussein al-Yasiri, the need to use global organizations and international experts to update the mechanisms used in the process of combating money laundering in the country. He said Yasiri in Tsrihs of the news that is the subject of money laundering and wide and Michaúk and needs international expertise to modernize the organs and mechanisms adopted by the Central Bank... 

Iraq Parliament extends the current legislative term for a month

Posted by on Oct 28, 2013 | Leave a Comment

30/09/2013 – 12:36 Alsumaria News / Baghdad MP for the National Bloc white Kazem al-Shammari, Monday, the House of Representatives extended legislative term the current month, as pointed out that if the arrival of budget 2014 to the Parliament will be in permanent session until the vote. Shammari said in an interview ” Alsumaria News “,” The House of Representatives extended legislative term current for a month,... 

Iraq participates in World Bank meetings in Turkey

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30/09/2013 15:18 Tomorrow Press / Baghdad: chaired the Minister of Construction and Housing Mohammad Darraji, on Monday, the delegation of the ministry participating in the meetings of the projects the World Bank in Turkey, indicating that there is a joint cooperation between the Ministry and the World Bank. said Darraji in a statement received “tomorrow’s Press,” “The meetings which was held with representatives... 

Iraq’s currency reserves and what it means for the life of the citizen; Stability and an increase in exchange rate

Posted by on Oct 28, 2013 | Leave a Comment

28/09/2013 The Central Bank of Iraq, as in other countries of the world, the management of the national currency and maintain the value and size of rolling them. The central bank also oversees the commercial banking system. Unlike the Commercial Bank, the central bank has a monopoly to increase the money supply in the country or be reduced, which is that prints paper currency and metal coin. The central bank controls... 

The Central Bank report discusses Arab Monetary Fund

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said the Iraqi Central Bank, on Sunday, to discuss the report of the Arab Monetary Fund, noting that it came within the work session usual 37 Board of Governors of the central banks and monetary institutions Arabic. , the bank said in a statement issued today, and received “Alsumaria News”, a copy him to “Bank discussed the report of the Arab Monetary Fund and the draft reports of the Arab Economic consolidated... 

International banks refuse to cooperate with Iraq in the recovering smuggled IQD; U.S court ruling needed

Posted by on Oct 28, 2013 | Leave a Comment

Integrity Commission revealed the presentation made by international companies to recover Mawal smuggled from Iraq in return for up to 10% of the amount recovered. While confirming that international banks refuse to help us in any information about the money that had been developed and deposit account number and not specific names. A member of the Committee Deputy Shaker Darraji that “Iraq is suffering from the... 

Deputy: Economic reform (Free Market Economy) dragging because lack of activation of important laws

Posted by on Oct 28, 2013 | Leave a Comment

Economic The Deputy returned to delay the activation of economic laws lack the expertise to work 29-09-2013 11:46 AM Baghdad (newsletter). Member of the Economic Committee returned MP for//almerapi, because the activation of economic laws lack sophisticated enough experience to manage a free-market economy. “Almerapi (aakhbaret Agency): failure to activate economic laws as protecting the product and consumer,... 

Economists call for economic reform in the current legislative session

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Required to pass a law economic reform 09/29/2013 12:00 AM BAGHDAD – morning called for a specialist to the need to pass the draft law on economic reform during the remaining life of the legislative session parliamentary current, to contribute to the increase and growth of the local economy. economist and consultant in the industry and investment Amer Issa jeweler said in a statement to the (morning): “If proceeded... 

Economic specialists emphasize the need for economic legislation to Iraqi politicians; Laws will support the local economy and encourage investment

Posted by on Oct 28, 2013 | Leave a Comment

09/29/2013 12:00 AM BAGHDAD – Farah pumice increased calls for specialists to points of the legislative and executive branches need to activate the legislation of laws that support the local economy and encourage investment in several areas, as well as laws that safeguard the process of free competition in the fields of trade, industry and agriculture. economic expert, Dr. Majid picture he felt “there is no understanding... 

Iraq’s 2014 Budget sent to the Minister for approval

Posted by on Oct 28, 2013 | Leave a Comment

September 29, 2013 Parliamentary Finance Committee revealed that the draft budget for 2014 sent from the Ministry of Finance to the General Secretariat of the Council of Ministers reached 174 trillion and 649 billion dinars, pointing out that the budget included an increase from the previous one in 2013 by more than 36 trillion dinars. Draft budget for 2014 allocated $ 15 trillion and 910 billion dinars, local and international... 

Iraq played a role in the American-Iranian rapprochement

Posted by on Oct 28, 2013 | Leave a Comment

09.29.2013 Said an adviser to Prime Minister Nuri al-Maliki that Iraq played a significant role in the convergence of views between the United States and Iran, noting that the dial between President Barack Obama and Iranian President Hassan Rohani will be the start of a positive in enhancing security in the Middle East region, and expressed Iraq’s readiness to provide more initiatives to support the rapprochement between... 

New York Times: USD is in danger while the Chinese currency excels in Asia

Posted by on Oct 28, 2013 | Leave a Comment

Some nervous manipulation of the status of the dollar as a reserve currency because of the economic decisions of Congress and the political. BAGHDAD / Obelisk: A report published by the newspaper “New York Times”, the U.S. holding period of time until the year 2012, saw the value of the U.S. currency fell in the world’s reserves of 70.5 per cent to 63.1 per cent. The report said that “U.S. policy is now in worse... 

Iraqi Finance Committee works with World Bank toward solving Iraqs economic issues

Posted by on Oct 28, 2013 | Leave a Comment

Finance parliamentary looking with representative of the World Bank mission a number of issues related to the Iraqi economy Saturday, September 28 / September 2013 15:06 Parliamentary Finance Committee considered with Mary Helen represented the World Bank mission in Iraq, a number of issues related to the Iraqi economy and its importance in absorbing and creating jobs. According to a statement of the Commission has received... 

USD exchange rate will remain conservative until year end; U.S. Fed Reserve will not taper quantitative easing

Posted by on Oct 28, 2013 | Leave a Comment

28/09/2013 Dollar exchange rate will remain conservative at the same level until the end of the year BAGHDAD / JD / .. economic analyst predicted the survival of the U.S. dollar exchange rate stability for conservative until the end of the current year, while stressing that the exchange rates of the dollar in Iraq depends on the internal situation due to the massive oil and pump increase salaries prices. Saif al-Ghanimi... 

Economists calls for Iraq’s crude oil to be sold in IQD, step toward globally recognized IQD; CBI disagrees

Posted by on Oct 28, 2013 | Leave a Comment

Sale of crude oil in local currency 09/25/2013 12:00 AM said researcher economic state fair: that of Iraq to sell crude oil in local currency depends on the stability of the general situation of the country as well as the stability of the dinar exchange rate and recorded as currency global. said in a statement (morning) that the moment is appropriate to take such a step because stability currency linked to the stability... 

Maliki calls to review laws that hinder progress of private banks; Says private and government banks should coordinate efforts

Posted by on Oct 28, 2013 | Leave a Comment

Maliki calls for review of laws “hinder the work of private banks” and calling on the government to bank balance Author: HH, HUA Range Press / Baghdad Called Iraqi Prime Minister Nuri al-Maliki on Saturday, reviewing legislation and laws that hinder the work of private banks, “calling on the central bank to” coordination between private banks and government “, while stressing bank on the need to” support... 

Kuwait newspaper reports Maliki cancels trip to New York after Obama refused to meet with the PM

Posted by on Oct 28, 2013 | Leave a Comment

Kuwaiti newspaper: Obama refused to meet with al-Maliki in Washington for the discomfort of his administration and the dimensions of the impression his support in elections Saturday, September 28 / September 2013 10:59 Kuwaiti newspaper revealed a source familiar with administration rejected a request to Iraqi Prime Minister Nuri al-Maliki to meet with U.S. President Barack Obama on the sidelines of the General Assembly... 

Expert: Rising inflation in Iraq was acceptable compared to the conditions

Posted by on Oct 28, 2013 | Leave a Comment

8-09-2013 10:28 AM Baghdad (newsletter). The Economist described Majid mock, inflation to acceptable security conditions and political and economic Iraq. Mock said (News Agency): there are many factors leading to the uniforms of the inflation and high wages, prices of consumer goods and durables, but the height is high normal and acceptable. He added: the lack of a rational management of money and economic development... 

Ministry of Planning: Iraq’s inflation stable at 2.5%

Posted by on Oct 28, 2013 | Leave a Comment

Central Bureau of Statistics, yesterday, for the stability of the annual inflation rates in Iraq over the past three years at a rate of 2.5 percent, attributing this to the performance of key institutions, including the central bank and monetary policy, which it supports. The director of the Central Bureau of Statistics and Information Technology, Deputy Minister of Planning and Development Cooperation, Mahdi Keywords,... 

Finance Committee member: Stability of the dinar exchange rate will stimulate the country’s economic movement

Posted by on Oct 28, 2013 | Leave a Comment

24-09-2013 10:33 AM Baghdad (newsletter). She is a member of the Finance Committee, a Deputy from the Kurdistan Alliance//smart Najeeb, the Central Bank takes measures and controls to support the stability of the dinar against the dollar. Najib said (News Agency): that the Central Bank intended to make Iraqi dinar rather stable against the dollar, especially in this difficult period, indicating that the measures taken... 

Expert: States neighbouring Iraq collapsed economically and are responsible for the spread of counterfeit currency

Posted by on Oct 28, 2013 | Leave a Comment

25-09-2013 10:37 AM Baghdad (newsletter). The Economist accused Habib Al-gully, the States surrounding Iraq and collapsing economically, of trying to sabotage the Iraqi economy by counterfeiting and pull the dollar out of the Iraqi market. He said Al-Goli (News Agency): the cases of counterfeit currency impact directly on the Iraqi economy, and must be eliminated as the largest form of corruption. He added: the money... 

Economists: assert that the gross domestic product (GDP) growth depends on the revitalization of the various sectors

Posted by on Oct 28, 2013 | Leave a Comment

Economists attributed the growth of gross domestic product (GDP) in Iraq to the oil activity and of increasing its imports, as well as the contribution of the commercial sector. This comes at a time when announced the Ministry of Planning in late August that the rate of growth of the Iraqi economy is about 9 percent during the current year. Economic expert, Dr. Majid picture said in a statement (morning): “The growth... 

Maliki to visit White House: Countdown began for post-Maliki era; Has the countdown began to replace Nouri al-Maliki?

Posted by on Oct 28, 2013 | Leave a Comment

27/09/2013 11:14 Gather indicators pointing to intersections US-Iran formed key factor in assigning power to the current Prime Minister Nuri al-Maliki three years ago, fell سقوطا full, and at a distance of a few months of elections in 2014 parliamentary elections, everything indicates that the accounts after the battle does not look like what came before. Recent evidence of this fact can touch of Nuri al-Maliki himself,... 

Vice requiring the government to pressure on the House of Representatives for the enactment of the oil and gas

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09/26/2013 16:40:002 The member of the Commission on oil and energy MP Qassem Mohammad, on Thursday, the political parties to expedite the adoption of the law of oil and gas, and criticized the remarks Shahristani recently, confirming that it does not serve the relationship, but complexity of the problems, and pointed to the existence of 3 positive points in favor of the Kurdistan Region in the oil sector. said Rep. Mohammed... 

Economist calls for speedy vote on economic reform; Council to reform national income so not to rely on oil

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Expert: establishment of the Council of economic reform the national income rather than relying on oil 26-09-2013 11:32 AM Baghdad (news) .. Called an expert in economic development Amer jeweler, the House of Representatives to speed up the vote on the draft law of economic reform and the establishment of the Council of economic reform as soon as before the end of the current parliamentary session, of their importance... 

Specialists promised to launch new banking strategy

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26/9/13 12: 00 am Assurances of the importance of banking partnership between the public and private sectors The banking sector is heading towards the diagnosis of the most important challenges that confuse the reality of development banking in the country, stressing the importance of money banking cooperation experts between the public and private sectors to reach the ideal working environment for all economic sectors. President... 

Experts: Iraq’s accession to the World Trade Organization will limit the economic situation of isolation

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September 25, 2013 Promised the Economic Committee in the Iraqi Council of Representatives, yesterday, Iraq’s accession to the World Trade Organization “Troydha of the Iraqi economy weak”, and stressed the need for the government to “create a suitable investment environment and reforming tax laws and fees,” As an economist stressed that Iraq’s accession to the organization “will open global markets for the... 

Iraq House of Representatives held its the (21) day reading law on Iraq’s accession to the Hague Convention

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The news agency here south / Haider Yacoubi Iraqi Council of Representatives held today, Thursday, its the (21) for a first reading of the draft law of the Republic of Iraq’s accession to the Hague Convention on the Civil Aspects of International Child Abduction. (Foreign Relations Committee, the Legal Committee, the Committee on Women, Family and Children). Agenda of the meeting (21) Thursday (26) September 2013 First:... 

UN welcomes the positions of Iraq to solve its problems with Kuwait

Posted by on Oct 28, 2013 | Leave a Comment

welcomed U.S. Vice President Joseph Biden, U.S., on Thursday, the positions of Iraq in strengthening its relationship with neighboring countries, especially with Kuwait and address their problems. This came during a meeting with Iraqi Foreign Minister Hoshyar Zebari and Deputy Prime Minister Khudair Alkhozai. The Foreign Ministry said in a statement obtained “obelisk”, a copy of that “During the meeting, they discussed... 

HH Amir representative lauds Iraq for fulfilling commitments

Posted by on Oct 28, 2013 | Leave a Comment

25/09/2013 | 10:21 PM | Kuwait News NEW YORK, Sept 25 (KUNA) — His Highness the Prime Minister Sheikh Jaber Al-Mubarak Al-Hamad Al-Sabah on Wednesday applauded Iraq for its efforts to cement the bilateral ties and meet its obligations towards Kuwait under the relevant UN Security Council (UNSC) resolutions. Addressing the 68th UN General Assembly session on behalf of HH the Amir of Kuwait Sheikh Sabah Al-Ahmad Al-Jaber... 

Iraq Finance Committee demands CBI print small classes of new currency; CBI to print new, small categories in near future

Posted by on Oct 28, 2013 | Leave a Comment

Financial representative demanding the Central Bank printed new currency with small groups to create a balance in the market Baghdad/file News: the parliamentary Finance Committee, demanded on Tuesday, the Central Bank printed new currency with small groups to create a balance of the quantity in the Iraqi market. Committee member, said Haitham Al-jubouri said in an interview with the news agency “that” the... 

CBI unveils measures to stabilize IQD

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The Central Bank Unveils measures to cover the national currency against the dollar and asserts: you can’t defeat the Iraqi dinar He said the Central Bank Governor said Abdel Basset Turki told the (range Alpers), “the Central Bank intended to make Iraqi dinar rather stable against the dollar, especially in this difficult period,” the Central Bank has taken specific actions to cover the value of the Iraqi dinar.... 

Iraq’s high cash/gold reserves enhances value of IQD

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Bankers: high cash reserve enhances the value of the dinar 09/25/2013 12:00 AM confirmed experts and specialists, bankers high cash reserves of the Central Bank is a cover of the Iraqi dinar, enhances the value and gives the amount supreme confidence in the Iraqi market by local investors or foreigners. comes a day after the Central Bank and the arrival of reserves of foreign currency and gold about $ 80 billion, expected... 

Iraq participates in the opening session of the {68} of the General Assembly of the United Nations

Posted by on Oct 28, 2013 | Leave a Comment

{Baghdad: Euphrates News} posted a high-level Iraqi delegation headed by Vice President Khodair al discussions of the General Assembly of the United Nations at its fifty {68} in the presence of heads of state and government and foreign ministers of the member states of the United Nations. A statement by the Information Office of the Ministry of Foreign Affairs received by the agency {Euphrates News} copy of it on Wednesday... 

Iraq and Kuwait officials have discussions at UN meeting in New York

Posted by on Oct 28, 2013 | Leave a Comment

25/9/2013 Met with Mr. Vice President, Dr. Khodair al and Foreign Minister Hoshyar Zebari, the Prime Minister of Kuwait, His Royal Highness Prince Sheikh Sabah Al-Ahmad Al-Sabah and Foreign Minister Sheikh Sabah Khaled Al-Sabah on the sidelines of meetings of the sixty-eighth session of the General Assembly on 24.09.2013, and During the meeting, brotherly relations between the two countries in the light of the withdrawal... 

Iraqi PM calls for development of ties with Kuwait

Posted by on Oct 28, 2013 | Leave a Comment

BAGHDAD, Sept 22 (KUNA) — Iraqi Prime Minister Nouri Al-Maliki called on Sunday for the development of bilateral relations and cooperation with the State of Kuwait. Al-Maliki, in a statement after receiving Kuwait’s Ambassador in Baghdad Ali Al-Mumen on occasion of ending his tenure, emphasized “importance of the development of relations between Iraq and Kuwait in all domains, and need of continuing cooperation... 

CBI: Gold and Currency Reserves Reach $80 Billion

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Central bank: the increase in oil prices raised our reserves of foreign currencies and gold to $ 80 billion 09/22/2013 19:24 Range Press / Baghdad Iraqi Central Bank revealed on Sunday, the arrival of foreign currency reserves and gold to about $ 80 billion, while attributed to an increase in global oil prices, the reserve expected to increase over the coming months. The central bank governor said the agency, Abdul... 

Economic Committee: We are working on the passage of the economic reform law

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BAGHDAD / News: confirmed the parliamentary economic committee, on Monday, it was working on the passage of the economic reform law, which will serve to diversify Iraq’s national income, rather than relying only on oil revenues will also support the Iraqi economy in general. A member of the Committee MP Mahma Khalil in an exclusive interview with the agency “News” that “the process of ratification of the economic... 

Experts: Iraq’s accession to WTO will limit the economic situation of isolation

Posted by on Oct 28, 2013 | Leave a Comment

Promised the Economic Committee in the Iraqi Parliament, yesterday, Iraq’s accession to the World Trade Organization “Troydha of the Iraqi economy weak”, and stressed the need for the government “to create an environment suitable investment and reform tax laws and fees,” as he emphasized the economic expert that Iraq’s accession to the organization “will open global markets for the country, “calling to... 

Finance Committee Member: Iraq is an inhospitable environment for investment due to absence of security stability and supportive laws

Posted by on Oct 28, 2013 | Leave a Comment

24-09-2013 07:35 AM Baghdad (newsletter). He is a member of the Finance Committee, a Deputy from the Kurdistan blocs Coalition//Jimmy is capable, from the continued deterioration of the security situation in the country because it will affect the work of the few foreign companies that operate in the country. He is capable (for the news agency news): global companies typically look for two things for the purpose of investment... 

Stability of the dinar exchange rate will stimulate the country’s economic movement, says member of the Finance Committee

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24-09-2013 10:33 AM Baghdad (newsletter). She is a member of the Finance Committee, a Deputy from the Kurdistan Alliance//smart Najeeb, the Central Bank takes measures and controls to support the stability of the dinar against the dollar. Najib said (News Agency): the Central Bank intends to make Iraq a stable Wi somewhat against the dollar, especially in this difficult period, indicating that the measures taken by the... 

Academy: Iraq’s old economic laws hinder investment

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24/09/2013 12:00 AM saw the academic economic Dr Majid Baidhani that economic laws old, which is still in force until now limit the activity of the private sector and impede the investment process. said in a statement (morning) that the private banking sector, for example, has the desire to enter into the process of economic development, but the Article 28 of the Banking Act represents the main obstacle to private banks... 

Iraqi banks should be given greater freedom to trade currency; Let market determine IQD value says Securties Commission Chief

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Al-Saadi urges to give banks greater trading currency 23/9/13 12: 00 am Baghdad-Farah pumice The view of the Chairman of the Securities Commission, Dr. Abdul-Razzaq Al-Saadi, the Iraqi dinar will not be affected by regional events. Al-Saadi said in the SMC (morning): “the dinar exchange rate specified by a market economy, it is determined by the supply and demand for currency, regional events, particularly in the region does... 

WTO Training Session in Brazil: Iraq, Brazil discuss Iraq’s efforts to become full member of the WTO (3 articles)

Posted by on Oct 28, 2013 | Leave a Comment

Iraq and Brazil discuss Iraq’s accession to the World Trade Organization And discussed with the Iraqi Ministry of Commerce and the Brazilian Ministry of Foreign Affairs efforts made by Iraq in its quest to join the World Trade Organization (WTO) for having a full membership. A statement from the Office of Media Department of Commerce received the (Euphrates) a copy of today that “the Director General of the Department... 

Finance Committee: Speed ​​damaged Currency with small groups behind the scarcity in the domestic market

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11:51 09/22/2013 The parliamentary finance committee attributed the reasons for the scarcity of the currency with small groups in the local market to speed damaged, prompt the central bank to print new ones and pull the damaged them to create a balance amount of categories in the Iraqi market. Deputy Chairman of the Committee MP Ahmed Hassan in a press statement that most of the citizens and owners of shops and buses... 

Next week: Start activating the social peace document

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09/22/2013 12:00 AM Formation of a committee «follow-up and implementation» headed Alkhozai testify next week, the first steps to implement the initiative of the social ladder through the formation of a higher committee headed by Vice President Khodair al and the membership of representatives of the political blocs all. scheduled to begin the development of the steps complementary initiative to launch the application,... 

Association of private banks: First Banking Conference in Iraq

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09/22/2013 12:00 AM Yasser incumbent prepares Association of private banks in Iraq to hold its first conference at a time when banks resulted in unprecedented by some who does not understands something Yalsiesten fiscal and monetary but he picked up a foul here or there Fastglha to highlight his talents on the air without regard for what caused these statements of abuse the reputation of banks internationally and delayed... 

U.S. embassy in Iraq condemns the bombing of Sadr City and reaffirms its support for the government in the fight against terrorism

Posted by on Oct 28, 2013 | Leave a Comment

The United States Embassy condemned strongly in Iraq suicide attack, which targeted the Council solace in Baghdad yesterday, and which resulted in the killing and wounding nearly 380 civilians. A statement issued today received the (Euphrates), that “the U.S. Embassy as advancing our sincere condolences to the families of the victims who died as a result of this cowardly attack, confirms its continued support of the... 

Finance Committee: CBI to pump small class dinars (250,500,1000) into markets

Posted by on Oct 28, 2013 | Leave a Comment

Finance Committee: rapid damage of small groups dinars behind either in the domestic market 21-09-2013 10:40 AM Baghdad (newsletter). The parliamentary Finance Committee attributed the reasons for the dearth (scarcity) of small groups in dinars, [in] the local market [due] to perishability, prompting the Central Bank to print new currency and drag the damaged ones to balance the quantity of categories in the Iraqi market. The... 

Maliki: Iraq among the top ten countries in the world that possess great wealth and able to construction and development

Posted by on Oct 28, 2013 | Leave a Comment

21-09-2013 02:40 PM Baghdad (news) .. Was opened by Prime Minister Nuri al-Maliki field Garraf oil port by the consortium Petronas Karigala and Japex rate of production (50) thousand barrels per day. Maliki said in a speech opening ceremony in a statement his office has received the Agency (news) copy of it: we celebrate the opening of this project is to give the letters The first of the inside that we were able invest... 

Iraq: Private banks, government appeals to lift restrictions on its activities

Posted by on Oct 28, 2013 | Leave a Comment

21/09/2013 Iraq has since more than ten years a the arms folded market economy countries Page economy Alawamra and bureaucratic central planning in the years preceding the change in 2003, or so it is on paper. But the reality tells another story. The state is still the largest employer in Iraq, with her strategic sectors such as the oil industry and mineral resources, electricity and railways. Despite allowing the private... 

Allawi refuses to accept any position at the expense of the interests of the Iraqi people.

Posted by on Oct 28, 2013 | Leave a Comment

21/09/2013 15:58:00 Baghdad/ NINA /–Head of Iraqiya Slate rejected Iyad Allawi rejected to accept any government position at the expense of the interests of the Iraqi people. Allawi said in his page on the social network site / FB / : ” I had earlier quite easily, and rejected acceptance of any function at the expense of the interests of the Iraqi people  Read More →

Specialist: economic reform act will support Iraqi economy

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21-09-2013 01:01 PM Baghdad (newsletter). Competent in Economic Affairs, said Bassem Jamil, that economic reform will serve to diversify national income rather than relying on oil revenues and boost the Iraqi economy. Beautifully (News Agency): economic reform law will eliminate non-productive projects stalled and the privatization of some of them and make them productive as tourism, agriculture, industry and others. He... 

After More Than 11 Years, Iraq’s New Leaders Sign Up To The Charter Of The “Honor”

Posted by on Oct 28, 2013 | Leave a Comment

On September 19, 2013 in the political BAGHDAD / News Network Iraq – and signed a three presidencies and the Iraqi political forces, Home, on Thursday, a document of “honor” on the sidelines of the National Conference of social peace, which provides solutions to the crises plaguing the country today.   Sources: The three presidencies and signed a document of honor represented by Vice President Khodair al and... 

UN on Honor Document: Supports all initiatives aimed to consolidate civil peace in the country

Posted by on Oct 28, 2013 | Leave a Comment

Deputy Secretary-General of the United Nations in Iraq confirms that the document honor success depends on the commitment of the blocks with all its provisions BAGHDAD / obelisk: Deputy Representative of the Secretary-General of the United Nations in Iraq, George W. Postensupport of the General Assembly of the United Nations for all initiatives aimed at consolidating the principles of civil peace in Iraq. And pointed... 

Iraq political leaders signed “document of honor” and social peace

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19/09/2013 12:00 am Expectations that emerge from the conference the birth of a national project integrated BAGHDAD – Alaa al-Tai hold the leaders and politicians of the country, today at the Peace Palace in Baghdad, the national conference called by the Vice President Khodair al to sign the instruments of honor and social peace, amid expectations that emerge from the conference positive results lead to move towards... 

Deputy National: National Conference gave a positive public opinion of political unity

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20-09-2013 02:28 PM Baghdad (newsletter). The cluster member ‘ MP//Finch Chen, National Congress and give a positive opinion that solitary political blocs. In a statement, said Chen (News Agency): the recent important and its importance comes amid circumstances affecting the country and the region is mobilizing to ignite sectarian strife and civil war, adding: the National Congress comes to improve the home front through... 

Iraqi five-year plan to diversify the economy

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The Iraqi government announced a five-year plan to diversify the economy away from dependence on oil and the development of the industrial sector. But may be in the case of implementation of the plan ushered in a new phase of recovery from the effects of war and international economic sanctions, which lasted for decades. The recovery was limited since the U.S. invasion in 2003 on higher oil production. Said Hussein al-Shahristani,... 

CBI Governor calls for an oversight committee to monitor actions of the CBI

Posted by on Oct 28, 2013 | Leave a Comment

Turkish criticizes calls for the formation of the central bank monitors Long-Presse / Baghdad criticized the central bank governor and agency Abdul Basit Turki, on Wednesday, calls for the formation of an independent body to monitor the work of the central bank, confirmed that invitations adopted views “failed to pull the bank for tracking and accountability of offenders,” while noting that the bank maintained Iraqi... 

Economic Committee Member: The opening of Iraqi banks in foreign countries will encourage international investment in Iraq

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Almerapi: the opening of branches of banks in foreign countries will encourage international companies to invest in Iraq 20-09-2013 01:39 PM Baghdad (newsletter). Count member of the Economic Committee of the Vice-President/National Alliance Hussein almerapi, a branch of the Rasheed Bank in Romania are promoting mutual trade and financial interests. Said almerapi (News Agency): branches of Government banks in foreign... 

Kurdistan region special election reports 93% of votes have been registered

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Commission: 93% Of Your Vote In The Elections Of The Kurdistan Region On September 20, 2013 in the political Arbil / News Network Iraq – announced the Electoral Commission, on Thursday evening, for recording the highest rate of participation in the special ballot in the Kurdistan region as arrived for more than 93 percent. Was in the Kurdistan region earlier in the day special ballot for the three provinces that elections... 

Economic Committee Member: Iraqi economy needs strategic development

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Deputy: activation code economic development strategic plans needed 20-09-2013 11:43 AM Baghdad (newsletter). Member of the Economic Committee, MP//Ibrahim Al-Rikabi, the law of economic development strategic plans and needs development. Rikabi said (News Agency): the law is an important development for Iraq, especially after the passage of many setbacks that brought economic growth and reconstruction, adding that Iraq... 

Member of Finance Committee: Promote investment to create large industries in the country will promote the growth of the national economy

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Economic 20-09-2013 07:13 AM Baghdad (newsletter). Member of the Finance Committee, a Deputy from the Kurdistan blocs Coalition//Jimmy, to the need to encourage international companies to establish large industries through investment to support local industry and to promote the growth of the national economy. He is capable of (News Agency): that Iraq needed a great strategy and the plants realized by encouraging investment... 

Maliki on National Document of Honor: Iraq has become the scene of the spread of terrorism and should cooperate to find common denominators to eliminate it

Posted by on Oct 28, 2013 | Leave a Comment

Prime Minister Nuri al-Maliki said that “Iraq has become the scene of the spread of terrorism, and should cooperate to find common denominators to eliminate it, noting that” all of us in this meeting and across the three authorities that Aflna national sentiment and the interest of Iraq and to be wary of all that. “ He called on al-Maliki in a speech he delivered at the National Conference of leaders of political... 

CBI Governor meets with French Ambassador

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| on 09/19/2013 Search governor of the Central Bank of Iraq, with the French ambassador in Baghdad and economic Alavhlmyh services adviser for the Middle East and the new head of the Department of Economics at the French Embassy, economic and technical issues and opportunities for joint cooperation to serve the Iraqi economy and the banking system. According to a statement from the Iraqi Central Bank received the “integrity”... 

CBI emphasizes the need of modern technologies in Iraqi banks

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09/19/2013 stressed the Iraqi Central Bank, on Thursday, the need to use modern technologies in Iraqi banks, indicating that these technologies will be the main base for work in banks. bank governor said Abdul Basit Turki said in a statement released today, on the sidelines of a meeting with the post affaires new The Japanese Embassy in Baghdad Kanwski ناغاوكا, and received “Alsumaria News”, a copy of it on... 

Finance Committee: Amendments to the work (law) of private banks soon

Posted by on Oct 28, 2013 | Leave a Comment

09/19/2013 Revealed the Finance Committee in the House of Representatives for an expanded meeting will be held during the next few days to develop a new mechanism serves the work of banks in the country, indicating it is waiting for a bill from the government outlining dealing with the banking system in the future in a manner consistent with the methods adopted in developed countries. A member of the Finance Committee... 

Iraq Financial Secretary: 2014 budget size may reach 130.68 billion dollars

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18-09-2013 06:45 PM Baghdad (newsletter).The Financial Secretary revealed Fazil Nabi said Wednesday that Iraq’s budget target in 2014 would likely total size 174.6 trillion dinars ‘ 130.68 billion dollars ‘ oil rate of $ 90 a barrel with crude exports from 3.4 million barrels a day. The 2013 budget amounted to 138 trillion Iraqi dinars, based on an oil price of $ 90 per barrel, but with the least amount of 2.9 million... 

Security and the economy are two basic pillars for development, says Iraqi National Business Council

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19/09/2013 12:00 am In a seminar Business Council of the Iraqi National Collect experts, parliamentarians and executives on the dialectical relationship and interdependence solid between security and the economy there is no security without economy orderly and stable and the economy without security مستتب this is what they agreed upon at the symposium panel discussion organized by the Business Council of the Iraqi... 

Najafi: I’ll personally to the National Congress to sign a document of honor

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Editor: BS 09/18/2013 14:33 The head of the House of Representatives Osama Najafi, on Wednesday, he will attend “personally” to the National Conference of social peace to sign a document of honor among Iraqi political forces proposed by the Presidency of the Republic, and as pointed out that the conference will give “a new opportunity and a positive message for the Iraqi people.” Osama al-Nujaifi during a press... 

Kuwait contracts with De La Rue to produce polymer currency

Posted by on Oct 28, 2013 | Leave a Comment

Like Canada, Australia .. Britain is moving to adopt the plastic material in the printing of the pound Kuwait is preparing to convert its currency to the papers “plastic” Economy | 17-9-2013 Treasures Media Kuwait is preparing to convert its currency to the papers “plastic” polymer material, which is resistant to heat, humidity and dust, according to the British newspaper The Financial Times. Kuwait will be among... 

Maliki’s to visit US; Meeting with Pres. Obama end of September

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Maliki summit Obama looking armament and the Syrian crisis 18/09/2013 12:00 AM A political source: The Prime Minister will call for international cooperation to combat terrorism BAGHDAD – morning topping files armament and the Syrian crisis talks Prime Minister Nuri al-Maliki and U.S. President Barack Obama in Washington later this month. According to a senior political source for »Center Brief for the Iraqi Media... 

Iraq seeks Kuwaiti support in furthering ties with other countries

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17/09/2013 | 05:10 PM | Gulf News BAGHDAD, Sept 17 (KUNA) — Iraq seeks Kuwait’s support in extending and ameliorating its relationships with other countries, said Iraqi vice-president Khodair al-Khuzaei as he met in his office on Tuesday with Kuwaiti ambassador Ali al-Muemen. The ambassador was visiting the vice-president’s office on the occasion of the end of his tenure in Baghdad, said a statement from that office. The... 

New five-year plan promises to avoid the mistakes of the previous plan

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09/17/2013 The Ministry of Planning for its five-year plan for the years 2013-2017 based on the examination of the errors contained in the previous five-year plan for the years 2010-2014, which acknowledged that it did not achieve the desired success. The new plan is dedicated government effort on the sectors of tourism, industry and housing in addition to the support of the private sector. And plan ذللت difficulties... 

Committee Member urges CBI to wait on deletion of zeros; Would disrupt budget

Posted by on Oct 28, 2013 | Leave a Comment

Parliament: the process of deleting zeros of currency state budget By: Newspaper electronic Iraq | Date: Sunday 15/09/2013 10:38 pm Counting a member of the parliamentary economic committee Hussein the process of deletion of zeros from the Iraqi currency as the state budget. said in a press statement that urgency in the issue of deletion of zeros from the currency will lead to a major embarrassment for the government. He... 

Rasheed Bank to open branch in Rome; First in Europe

Posted by on Oct 28, 2013 | Leave a Comment

Romanian capital Bucharest Roman World Bank opens first branch of the Iraqi bank in Europe 09/17/2013 13:43 Range Press / Baghdad Minister of Finance announced the agency Ali Yousef Shukri, on Tuesday, the approval of the World Bank Roman to open the first branch of the Iraqi bank in Europe, returned to step will be important for the work of Iraqi banks in Europe, and will allow the Iraqi citizens abroad to deal with... 

Deputy: Economic Reform Act needed to activate economy and investment

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08/09/2013 12:00 AM Baghdad morning confirmed a member of the Economic Commission MP Ibrahim stirrup, the need for ratification of the economic reform of great importance to support the economy and investment. said stirrup in a press statement that the law of economic reform and since approved by the Council of Ministers is not enabled and is limping and non-followers by the Economic Commission. said: he During a meeting... 

Experts: Adoption of the law of oil will contribute to the increase of national income

Posted by on Oct 28, 2013 | Leave a Comment

17/09/2013 12:00 AM Amid calls for legislation before the end of the current session of Parliament not to pass the law of oil and gas affects the economy of the country negatively contribute to attracting companies invested for the Advancement of oil situation with near the end of the current legislative session, called on parliamentarians and economists to approve the draft law of oil and gas, as an organizer and founder... 

Iraq is near WTO full membership, says Ministry of Commerce

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Ministry of Commerce: Iraq is approaching to fulfill its obligations to join the World Trade Organization (WTO) 16/09/2013 13:18 Tomorrow Press / Baghdad: Ministry of Commerce announced on Monday that Iraq was nearing the fulfillment of all the requirements to join the World Trade Organization and the validity of all agreements it as a member state. Said Director of External Relations and Trade Ministry Hashim Mohammed... 

WTO Update: Iraq to follow and review the challenges faced by Brazil to achieve WTO accession

Posted by on Oct 28, 2013 | Leave a Comment

Iraq uses the Brazilian experience to join the World Trade Organization 16/09/2013 BAGHDAD / JD / .. Ministry of Commerce announced its participation in a training session for the Brazilian experience to join the World Trade Organization. The ministry said in a statement received / JD / copy of the established economic relations department in the ministry, in coordination with the Brazilian Embassy in Baghdad, a training... 

Expectations of the adoption of the 2014 budget year early

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16/09/2013 12:00 AM Committee expected economic parliamentary approval of the general budget for 2014 in early this year compared to budgets in previous years. Committee member Rep. Nora Bijari said in a statement (morning) that the draft budget next year be found at the Ministry of Finance a budget large, as amounting to nearly 146 trillion dinars, and the ministry will send a copy of the budget to the Council of Ministers... 

PM Maliki ready to amend Investment Law to promote private sector

Posted by on Oct 28, 2013 | Leave a Comment

Maliki vows to “make amendments” to the Investment Law “cringe” the difficulties and private investors Editor: AJ, BS 15.09.2013 15:37 Prime Minister Nuri al-Maliki, said on Sunday that “the housing sector at the forefront of the priorities of his government,” and to have “projects for the construction of housing units and the distribution of pieces of land free of charge to the needy and the poor,” While... 

Deputy: Iraq ranks fourth globally in terms of oil reserves by more than 140 billion barrels

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16-09-2013 12:39 PM Baghdad (newsletter). Vice-Chairman of the Committee, said the Deputy of the Kurdistan blocs Coalition/Ahmed Faizullah, Neil Iraq ranked fourth on the world level in terms of its known oil reserves, with more than 140 billion barrels, and the proportion (11%), to the third place after exploring new oil fields. He said Faizullah (News Agency): the International Energy Agency issued a report on oil reserves... 

Ministry of Planning launches national development plan for the years 2013 – 2017

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Revenue will reach 812 trillion dinars The Ministry of Planning, on Monday, for “national development plan for the years 2013 – 2017″, and confirmed that its previous “did not achieve the desired success in the sectors of industry, housing and tourism,” while the Deputy Prime Minister for Energy Affairs Hussain al-Shahristani that the new plan “will focus on Industry mainly instead of oil “, he called on... 

Iraq ranks 6th in the number of wealthy in the Middle East

Posted by on Oct 28, 2013 | Leave a Comment

Baghdad / Mesalla: the company issued (Wealth – X), specialized in the various information and details for the world’s rich and the distribution of wealth around the world, the 2013 report on the distribution of the world’s rich and their fortunes in the five continents. According to the report, the total wealth owned by the richest man in the world comparable to (according to its estimates for this year) 27.8 trillion,... 

Vietnam central bank says $4 bln worth bad debts cleaned up

Posted by on Oct 28, 2013 | Leave a Comment

Last Updated: Monday, September 09, 2013 04:00:00 The banking sector has cleaned up VND85 trillion (US$4.02 billion) worth bad debts since the end of last year, bringing the ratio down to 4.68 percent as of June, the State Bank of Vietnam governor Nguyen Van Binh said. But it was higher than the 4.46 percent targeted by the central bank earlier. Binh said the bad debt figure had been more than 8 percent at the end of... 

Iraq: Slight rise in the inflation index for the month of August

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15-09-2013-13: 07 Ministry of planning and development cooperation, Sunday, the slight rise in the inflation index for the month of August, noting that annual inflation has been stable, with the indicator Housing Department continues to significantly affect the high and low inflation. He said Ministry spokesman Abdel Zahra Al-Hindawi said in an interview for “alsumaria news” that “inflation for the month of August... 

Ministry of Planning intends to establish the launch of the next five-year plan Monday

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09/12/2013 09:38 The ministry of Planning and Development Cooperation on Monday launching ceremony 2013-2017 five-year development plan in the presence of Prime Minister Nuri al-Maliki . According to a ministry statement on Thursday: The concert will be held at the Rashid Hotel in the presence of a number of ministers and members of the House of Representatives, governors and heads of provincial councils and representatives... 

Draft of 2014 budget complete; Not yet approved by Council of Ministers

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Completion of the draft budget for 2014 and submit them to the Council of Ministers Posted on: 14/09/2013 09:28:09 Commission announced the economy and investment in the House of Representatives for the completion of the draft budget bill for next year 2014 is waiting for the adjournment of the Council of Ministers. A member of the Committee on the economy bloc MP Abdul Hussein Abtan citizen “The budget for 2014 submitted... 

Economic Commission invites to join the World Trade Organization (WTO)

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A member of the Economic Commission MP Jassem شنكالي “that Iraq’s accession to the World Trade Organization will support the economy in terms of ensuring the receipt of goods of international standards for the country and promote economic and trade relations with various countries of the world,” he said, adding that mismanagement and worn out infrastructure led to a decline in Iraq economically. Alternate... 

Alkhozai calling for the United States to activate the strategic framework agreement

Posted by on Oct 28, 2013 | Leave a Comment

Magrec: Washington supports the role of Baghdad in the Syrian crisis Called on Vice-President of the republic Khodair al United States to provide more support for Iraq in all fields and activating the strategic framework agreement signed between the two countries. A statement by the Office of the Vice President of the Republic received the “morning,” a copy of it, that “Alkhozai received in his office on Saturday,... 

Finance member: legislation law protects bank deposits contributes to the support of the banking sector

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12:01 15/09/2013 confirmed member of the Finance Committee MP Najib Najib, the need for legislation that protects bank deposits law for the advancement of economic reality. Najib said in a press statement that any law contributes to the support of the banking sector should do, especially since this sector is suffering a lot of problems which need to be legislation and take measures to promote it. She added: the government’s... 

VP Najafi on CBI: Calls for coherence and coordination between monetary and fiscal policy

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Najafi calls for the central bank to the need for coherence between monetary and fiscal policy The head of the House of Representatives Osama Najafi, the Central Bank of Iraq, on Wednesday, to the need for coherence and coordination between monetary and fiscal policy. “ The invitation Najafi during his visit to the Central Bank, which praised the role of the bank and its quest to maintain the exchange rate of the dollar... 

Bureaucracy hinders the recovery of the Iraqi economy

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:09/14/2013 (00:01 pm) - Iraq’s per capita income is rising rapidly, but there are a few areas that Iraqis can spending or investment. The reason for this is routine in government departments (bureaucracy). The resulting violence has subsided in recent years to improve the economic prospects, and returned the market ripe for investment. In 2012, per capita income rose from GDP to $ 6.300 after it had only $ 1,300 in... 

When Iraq becomes full member of WTO it bring access to world markets, experience, and support the economy, says economic committee member

Posted by on Oct 28, 2013 | Leave a Comment

Economic 14-09-2013 07:23 AM Baghdad (newsletter). Member of the Economic Committee, said MP/Kurdish Alliance Jasim shankali, Iraq’s accession to the World Trade Organization will support the economy ensure that world-class goods for the country and to strengthen economic and trade relations with various countries of the world. Added shankali (News Agency): Iraq’s accession to the WTO will bring access to all world... 

HCL Law likely to be heard in next parliamentary session; Politics stops law from being heard in current session

Posted by on Oct 28, 2013 | Leave a Comment

Economic Rapporteur of the Commission on oil preclude approval of oil and gas law in the absence of a national consensus among the parliamentary blocs 14-09-2013 01:07 PM Baghdad (news) .. Ruled out the decision of the Oil and Energy Committee MP / coalition of Kurdish blocs / Qassim Mohammed Qassim, approve oil and gas law in the absence of a national consensus between the political blocs during the current parliamentary... 

National Meeting tentatively set for Sept 19th

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Maliki’s coalition: the national meeting will be held at the government palace in the presence of [350] Personal Friday, September 13 / September 2013 08:42 MP for the coalition of state law, Kadhim al-Bahadli, the location of the national meeting will be held at the Government Palace and ستحضره [350] character. It is hoped to hold a national meeting on [19] this month, during which the signing of the Charter... 

Parliament reschedules Election Law vote for Sept 24th

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  postpone the vote on the election law to the 24th of the current month Friday, September 13 / September 2013 14:33 [Baghdad - where] Authority announced the Presidency of the Council of Representatives to postpone the parliamentary session scheduled to vote on the law of the general elections to 24 of the current month of September. He was scheduled to hold a hearing to vote on the law next Thursday, 19 of the... 

Deputy Secretary stresses need for Dropping Zeros law; It’s known the zeros project will like to take place in next month, he says

Posted by on Oct 28, 2013 | Leave a Comment

Finance committee member stressed n passing law for deleting zeros 12 Sep 2013 A finance committee member of Iraq stated that a law for omitting zeros from Iraqi currencies should be passed in order to confront the issues like debt and money frozen. Finance Committee deputy secretary, Mr. Hadi stated further that the law should be passed as soon as possible to overcome some serious financial issues within the country. He... 

Strengthen the technological capabilities of Iraq will contribute to WTO accession, free market economy

Posted by on Oct 28, 2013 | Leave a Comment

12/09/2013 12:00 AM noted economic expert d. Medhat al-Quraishi that the process of accession to the WTO will contribute to the protection of local products from abusive business practices, particularly cases of dumping. Said Quraishi »Sabah»: that there are effects of both positive and negative, pointing out that the most prominent of these effects is to push the national economy towards the free market economy and... 

Legal Committee calls to amend Article 142 of the Constitution

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Called the Legal Committee in the House of Representatives, on Thursday, the need to amend Article / / 142 of the Iraqi Constitution, which provides for the approval of two-thirds of the population of three provinces in order to make any amendment to the Constitution. A member of the Committee MP Adel residual told / Baghdadi News /, that “any amendment to the Constitution during the current session of the Parliament... 

Zebari: Iraq Is Keen To Close The File Of Kuwaiti Reparations

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On September 12, 2013 in the political Baghdad: News Network Iraq – Newest Iraq confirmed his commitment to complete the Ivaúh its obligations to pay reparations to Kuwait. Came during a meeting with Foreign Minister Hoshyar Zebari on Wednesday in the capital Baghdad, with Tibor Raja, Executive Director of the Compensation Commission in Allamm States, where the two sides reviewed Iraq’s efforts in the field of fulfill... 

CBI expresses its encouragement for the foreign banks

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12 Sep 2013 On this Monday, the Iraqi Central Bank (CBI) has taken some measures to revitalize the 19 foreign banks operating in Iraq. This action is supposed to rejuvenate the overall banking sector of the country. Also, it has to be noted that this will encourage the emerging foreign banks in Iraq in near future. Bank Governor Abdel Basset Turki stated that the banking sector of the country requires more attention in... 

CBI to achieve its oversight role on the banking companies

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12/09/2013 12:00 AM Having competed with private banks in the auction currency Baghdad – Mostafa Hashemi counting are interested in economic affairs activating the role of the central bank oversight to the work of companies to mediate in the sale of currency, banking and financial transfer of the things that achieve stability in the exchange rate, as well as the stability of the domestic market, and confirmed specialists... 

Attorney Al-Abbadi: economic policy in the country are still vague and charge drawn by unknown

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12-09-2013 07:34 AM Baghdad (newsletter). He called the economy and Investment Committee member MP/iraqiya/Qusay Juma Abadi, the need to establish a Council for economic reform embraces the task of economic policy in the country. He said Al-Abbadi (News Agency): everyone is ignorant of who is responsible for economic policy in the country is the Economic Committee in the Council of Ministers, which is chaired by Deputy... 

U.S. study calls on Iraq to restructure the Special Operations Forces

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Author: Editor: AHS, BS 9/12/2013 12:45 Range Press / Beirut Emphasized a study published by “The Washington Institute for Near East Studies” that “political infighting procedure” in Baghdad is a major obstacle to strengthening the capacity of Iraq’s security in the fight against terrorism, and stressed that “the solution to the crisis requires measures broader and deeper than improvements in tactical security... 

Iraq calls to speed up the signing of the transmission of Arab funds

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  12/09/2013 12:00 AM Cairo – Isra Khalifa called on Iraq to expedite the ratification of the Convention on the transmission of Arab capital and approved by the Doha summit last March to make it easier for Arab businessmen to invest in the Arab countries. Abdullah said Bandar advisor at the General Authority for Investment: that Iraq was first called to this Agreement has been approved by the Commission and we are... 

Bank expert: banks rapidly clear eligibility and run with modern banking tech

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12-09-2013 11:45 AM Baghdad (newsletter). Banking expert said NAFI Elias Abou, the local community development banks in their work through the use of modern technological systems, criticizing statements by some deputies and economic figures on the failure of the private banking sector. He said Abbou (News Agency): local banks despite the short life, it operates under modern technological systems and keep pace with developments... 

Governor of the Central Bank of Iraq, the Hungarian ambassador to discuss cooperation between the two countries

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09/11/2013 21:26 BAGHDAD / obelisk: Search governor of the Central Bank of Iraq and Abdul Basit Turki agency with the Hungarian ambassador in Baghdad, the possibility of cooperation polytheist between Baghdad and Budapest. The central bank said in a statement obtained “obelisk” a copy of it, that “the Iraqi Central Bank Governor Abdul Basit Turki met, the first on Monday, the Hungarian ambassador in Baghdad Taator... 

Iraqi dinar currency difficult internationally; See value improve in the coming weeks according to Finance Committee Member

Posted by on Oct 28, 2013 | Leave a Comment

The parliamentary Finance Committee said Haidar Al-Abadi said the coming weeks will see more improvement in the value of the dinar against the dollar which will enhance the confidence of the world. “ Abadi said the new monetary policy by the Central Bank had a very large impact on the improvement of the value of the Iraqi dinar, which reflected positively on the Iraqi market through a deal to import “. “The increased... 

Zebari meets with UN official; Discuss efforts and desire to fulfill Kuwait compensation file

Posted by on Oct 28, 2013 | Leave a Comment

Zebari discuss with the United Nations, Iraq’s efforts to fulfill its obligations to Kuwait Wednesday, September 11 / September 2013 13:38 {Baghdad: Euphrates News} Research and Foreign Minister Hoshyar Zebari with the Executive Director of the Compensation Commission at the United Nations Tibor Raja Iraq’s efforts in fulfillment of its obligations to pay the remaining compensation to Kuwait. A statement from the... 

Economist: A tighter monetary policy will bring real value to the IQD and restoration

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Specialist: tight monetary policy means the stability of the exchange market 11/9/13 12: 00 am Count financial and banking Affairs professional tight monetary policy adopted by the Central Bank of Iraq will contribute to reducing the phenomenon of dollarization has brought the real value of the Iraqi dinar and restored. Competent Samir said nasiri told the (morning) strategic objectives the central aim to achieve price... 

Finance Committee member explains the impact of British Standard Bank joining the banking sector in Iraq

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Specialists: the British Standard Chartered Bank opened a branch in Iraq would strengthen the banking sector and promote development of the country 09-09-2013 09:23 AM Baghdad (News)/report/bahtik/… Exit Iraq from Chapter VII of the UN which was imposed by the United Nations since the 1990s to stimulate foreign companies and international banks, known as a discreet entrance to the Iraqi environment to work in. Where... 

Committee commends CBI for its effort to raise IQD value however remains below ambition, says Finance Committee member

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Finance parliamentary commends the efforts of the central bank to raise the value of the dinar 09/10/2013 01:56 Praised the Finance Committee parliamentary elections, the considerable efforts made by the central bank to raise the value of the Iraqi dinar against the U.S. dollar. said MP from the Committee Najiba Najib’s IMN), that “the central bank was able to reduce the value of the U.S. dollar against the Iraqi... 

Maliki adviser denies resignation of CBI Governor

Posted by on Oct 28, 2013 | Leave a Comment

Tuesday, September 10 / September 2013 10:52 [Baghdad - where] Denied Ali al-Moussawi, media adviser to Prime Minister Nuri al-Maliki on Tuesday to provide the Chairman of the Supervisory Board of Finance and the Governor of the Central Bank and the Agency [Abdul Basit Turki resigned from both positions. Some of the media had said on Monday that the [Turkish] has submitted his resignation from the positions of the Presidency... 

Sheyaa: new amendments to the investment law will support the investment process and stimulate companies to enter the country

Posted by on Oct 28, 2013 | Leave a Comment

11-09-2013 12:44 PM Baghdad (newsletter). Member of Commission on economy and investment/MP Abdul Al-Abbas sheyaa, adjustments to current investment law by the Council of Ministers to support the investment process and attract foreign companies to work in the country. Said sheyaa (News Agency): the investment law No. 13 of 2006 when applied on the ground astdm by several obstacles, prompting the Cabinet to form a Committee... 

Iraq: New calls for a strategy to encourage investment

Posted by on Oct 28, 2013 | Leave a Comment

09/11/2013 12:00 AM called officials and specialists executive bodies to develop a strategic investment to overcome the obstacles in front of the investor, and build the foundations of a new economic. member of the Economic Commission representative Abdel-Salam al-Maliki said in a statement (morning): “The Investment Law No. 13 of 2006 is still disabled, has underwent a lot of modifications to it, but did not do properly... 

Iraq parliament seeks to cancel 11 thousand laws issued by the former regime

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09/11/2013 12:00 AM Is still a work in progress in which seeks the House of Representatives to work to abolish the 11 thousand law had been initiated during the former regime are still working out so far. A member of the National Alliance MP Abdul Salam al-Maliki member of the economic and investment commission in parliament in a statement singled out (morning): that the parliament that the speed up to cancel the laws... 

Chairman of the Finance Committee on IQD: Coming weeks will see an improvement over the value of the dinar against the dollar

Posted by on Oct 28, 2013 | Leave a Comment

BAGHDAD / News: suggested the parliamentary Finance Committee on Monday, to witness the coming weeks, an improvement over the value of the dinar against the dollar, noting that the monetary policy pursued by the Central Bank have had a significant impact in this improvement. Chairman of the Committee said Haider al-Abadi said in an exclusive interview with the agency “News” that “the Iraqi dinar is witnessing these... 

State of Law party member suggests placing image of Maliki on new currency; Finance committee objects

Posted by on Oct 28, 2013 | Leave a Comment

Deputy calls for printed images Maliki on the new Iraqi currency Called a member of a coalition of state law, Sami al-Askari, the Iraqis out a demonstration in favor of the survival of Prime Minister Nuri al-Maliki, in office for a third term, recalling the great achievements made in his reign, The military said in a press statement followed our correspondent that al-Maliki of the best of the judgment of Iraq, pointing... 

Member of the Finance Committee: the establishment of the Banking Development Body will support Iraqi economy

Posted by on Oct 28, 2013 | Leave a Comment

10-09-2013 12:45 PM Baghdad (newsletter). She is a member of the Finance Committee, a Deputy from the Kurdistan Alliance//smart Najeeb, the need to establish a body to be responsible for the development of the banks, the banking sector and linked to global banks. Najib said (News Agency): the body dealing with banks is necessary to serve the banking sector, noting that it would be better if the work of the Central Bank’s... 

Formation of a committee to develop a mechanism to unify the exchange rate for contracts

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Monday, 09 September / September 2013 15:39 Formed the General Secretariat of the Council of Ministers of a committee to develop a mechanism for determining the exchange rate for contracts for all purposes. According to a statement of the General Secretariat received by the agency all of Iraq [where] the day that he “decided to form the committee according to what is stated in a meeting of the Committee on Economic... 

Council of Ministers forms committee to unify USD price

Posted by on Oct 28, 2013 | Leave a Comment

Monday, 09 September 2013 23:41 Baghdad (AIN) –The Secretariat General of the Council of Ministers formed a committee that assumes identifying the price of the US dollar in return of Iraqi dinar for all purposes. The Secretariat General of the Cabinet reported in a statement received by AIN on Monday ”The Cabinet decided to form a committee in accordance to resolutions of the Economic Committee meeting within the... 

Parliament member denies resignation of the Governor of the Central Bank

Posted by on Oct 28, 2013 | Leave a Comment

Baghdad / Baghdadi news / .. Denied the Parliamentary Integrity Committee, on Monday, the resignation of central bank governor and Abdul Basit Turki agency from office. A member of the Committee Deputy High Nassif told / Baghdadi News /, it “had made contacts with the Central Bank confirmed its survival conservative Agency Abdul Basit Turki in office,” noting that the reports about his resignation “baseless and... 

A law needs to be passed to delete the zeros, says finance committee member

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Amin Hadi: must address the issues of debt and money frozen by passing a law to delete the zeros 09-09-2013 10:32 AM Baghdad (news) .. A member of the Finance Committee deputy secretary-Hadi, the need for passing a law to delete the three zeroes from the currency so as to its importance in banking transactions. said Hadi (of the Agency news): The project to delete the zeros frozen now and cons of approval is launched... 

Source: Governor of CBI has submitted resignation; Under pressure due to poor management of CBI

Posted by on Oct 28, 2013 | Leave a Comment

  Source: Governor of the Central Bank of Iraq and submit his resignation and agency experts in economy Hdhuroa of a combination between the two positions 08-09-2013 He informed source close to the “Iraqi Central Bank Governor agency Abdul Basit Turki he submitted his resignation today,” to Prime Minister Nuri al-Maliki, due to not being able to manage work at the Central Bank and the Office of Financial Supervision, and... 

Bankers: In a post Ch VII Iraq, A national campaign is needed to spark investment

Posted by on Oct 28, 2013 | Leave a Comment

  09/09/2013 12:00 AM stressed bankers on the importance of initiating a national campaign aimed at contacts with the global financial revitalization of the State-owned banks that were constrained in their dealings terms of Chapter VII. comes at a time considered by the Committee Parliamentary Finance out of Iraq from Chapter VII that a positive impact on the economy Local, as it will open the doors to banking world. Committee... 

Moussawi: election law became ready for a vote in parliament

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2:26 09/09/2013 MP for the National Alliance Salman al-Moussawi said the election law is ready for a vote within the parliament. Moussawi said in an interview (public radio), on Monday “was the agreement between the political blocs on to pass the election law and that the method of voting in accordance with the open list and considered multi-country constituencies.” Adding that the delay was due to political conflicts,... 

As IQD improves in value countries will want to deal with it; Enhanced confidence says Finance Committee Member

Posted by on Oct 28, 2013 | Leave a Comment

Economic Member parliamentary Finance: the relative improvement of the value of the dinar against the dollar to make some countries want to deal with 07-09-2013 10:33 AM Baghdad (news) .. A member of the Finance Committee MP / coalition of Kurdish blocs / Dler capable, that the improvement relative to the value of the Iraqi dinar against the U.S. dollar during the current period to make some countries want to handle... 

Committee Member denies zero’s dropping in early 2014; Says it must be done ASAP

Posted by on Oct 28, 2013 | Leave a Comment

09/06/2013 Finance parliamentary rule to delete the zeros from the currency early next year   Ruled out of the Finance Committee, the deletion of zeros from the currency early next year / / 2014. Said committee member Rep. Najiba Najib, in a statement to / Baghdadi news / .. “The Finance Committee did not discuss the issue of deletion of zeros during the last period. As the need to take action and study, “excluded... 

Parliament begins todays session discussing Iraq’s 2014 Budget

Posted by on Oct 28, 2013 | Leave a Comment

Parliament discusses the day the House of Representatives budget for the year 2014 Saturday, 07 September / September 2013 10:57 {Baghdad: Euphrates News} House of Representatives held on Saturday its regular {17} in the current legislative term to discuss the House of Representatives budget for fiscal year 2014. He said a parliamentary source told {Euphrates News} that “the House of Representatives held its regular... 

Iraq optimistic as economy shows signs of economic growth

Posted by on Oct 28, 2013 | Leave a Comment

Significant Economic Growth Optimism In Iraq On September 7, 2013 in the economic Baghdad: Network Akhbaralarac – connects economists and Naftyon Iraqi optimism to achieve their country’s strong economic growth anticipated, provided political stability, drilled 115 locations oil estimated quantities estimated at 350 billion barrels and additional drilling operations in more than 450 fields in different parts of Iraq,... 

Economic Committee Member: Economic reform act has “stumbled” since it passed the Council of Ministers; Needs activation

Posted by on Oct 28, 2013 | Leave a Comment

07-09-2013 11:31 AM Baghdad (newsletter). Member of the Economic Committee, MP//Ibrahim Al-Rikabi, the need for economic reform act of great importance to support the economy and investment. Rikabi said (News Agency): economic reform and law since passed by the Cabinet and is not activated and stumbled and follow-up by the Commission. He added that during his meeting with economic advisers in Government confirmed the... 

IMF: emerging economies will be affected by the change of U.S. monetary policy

Posted by on Oct 28, 2013 | Leave a Comment

IMF: emerging economies will be affected by the change of U.S. monetary policy The International Monetary Fund said in a memorandum prepared for the Group of Twenty meeting in St. Petersburg, the advanced economies, led by the United States will push global growth increasingly, while emerging economies face the risk of slowdown As a result of tightening of U.S. monetary policy. He urged the Fund in the memo obtained by... 

Economic Committee Member: British Standard Bank opening is opportunity to attract international companies to invest in the country

Posted by on Oct 28, 2013 | Leave a Comment

06-09-2013 07:20 AM Baghdad (newsletter). Member of the Economic Committee of the National Alliance MP Hussein almerapi, said the opening of a British Bank in Baghdad is an important step to bringing global investment companies in Iraq. Said almerapi (News Agency): the banking environment is the heart of the economic process and thus opened a giant banks will contribute to the development of the environment and to support... 

Economic Committee Member: Exempting foreign companies from taxes will attract large companies to Iraq

Posted by on Oct 28, 2013 | Leave a Comment

11:51 05/09/2013 A member of the parliamentary Economic Committee Hussein المرعبي that passing a law exempting foreign companies from taxes and fees will attract large investment firms to operate in the country. He said المرعبي in a statement received news agency public opinion (and babysit) a copy of “the country needs real to attract global investment firms discreet to build hundreds of thousands of... 

Finance Committee confirms the deletion of zeros from the currency in early 2014

Posted by on Oct 28, 2013 | Leave a Comment

Confirmed the Finance Committee, Wednesday, that the year 2014 will see the deletion of zeros from the Iraqi currency, indicating that the deletion will be in coordination with the Central Bank. Said committee member Abdul Hussein al-Yasiri in a statement that “the process of deletion of zeros from the national currency will begin in 2014, through an agreement with the central bank,” noting that “this project will... 

Parliament: CBI has not achieved the desired goals in the support and development of banking sector of the country

Posted by on Oct 28, 2013 | Leave a Comment

Economic 05-09-2013 10:55 AM Baghdad (newsletter). Deputy Chairman of the Finance Committee, criticized the Attorney for the Kurdistan blocs Coalition/Ahmed Faizullah, a policy the Central Bank to the banking sector as it did work to support and develop its work. He said Faizullah (News Agency): the Iraqi banking sector is underdeveloped and lacks a lot of things modern tech, which made the work of obliging local banks. He... 

Deputy: political differences have prevented oil and gas law

Posted by on Oct 28, 2013 | Leave a Comment

04-09-2013 12:33 PM Baghdad (newsletter). Member of Committee on oil and energy National Alliance MP Furat Shara, difficulty passing gas and oil amid political and security atmosphere. Shara said (News Agency): he was formerly a quad and the oil in the oil and gas law but did not see to the work of these committees, expressing the hope that gives this a law of importance by political entities and Presidents for approval... 

Member of Economic Committee: Need to attract domestic capital investment in the country’s immigrant

Posted by on Oct 28, 2013 | Leave a Comment

05-09-2013 05:28 AM Baghdad (newsletter). Invited Member of the Committee on the economy and investment, a Deputy from the Kurdistan blocs Coalition//j. shankali, the need to grant special privileges to fetch headers domestic funds overseas for the immigrant investment in the country. Said shankali (News Agency): escape the heads of local funds abroad due to the poor security situation in the country which constituted... 

Najafi visits CBI and confirms Parliament’s support and praises role in maintaining the exchange rate of the dinar

Posted by on Oct 28, 2013 | Leave a Comment

Wednesday, September 04 / September 2013 16:52 {Baghdad: Euphrates News} The President of the House of Representatives Osama Najafi on the importance of developing a strategy for fiscal policy coordination between the Ministry of Finance and the monetary policy of the central bank. He said during his visit today the Central Bank of Iraq and his meeting with the Governor of the Bank Basset Turki agency “continued support... 

Iraq assists Jordan with USD 25 Million

Posted by on Oct 28, 2013 | Leave a Comment

03 Sep 2013 Iraq granted Jordan a financial assistance of USD (25) million in from of crude Oil amounts. The Official News Agency of Jordan, Petra, quoted the Minister of State for Media Affairs and the Official Spokesperson of the Jordanian Government, Mohamed al-Momani, as saying ”The Iraqi Council of Ministries decided to aid Jordan with USD (25) million that will be granted in form of crude oil quantity.” ”The... 

If every passenger travelling through Baghdad International Airport converts $5,000 through airport bank, IQD value will rise

Posted by on Oct 28, 2013 | Leave a Comment

Finance parliamentary: convert 5 thousand dollars per passenger raises the value of the dinar 03/09/2013 BAGHDAD / JD / .. Parliamentary Finance Committee confirmed that the conversion of $ 5,000 per passenger helps raise the value of the Iraqi dinar against the dollar, to be the advocate of the dollar before the government banks instead of exchange in illegal ways. A member of the Finance Committee MP Najiba Najib told... 

Deputy indicates IQD will not see improvement through the dropping of zeros process

Posted by on Oct 28, 2013 | Leave a Comment

Economic Deputy: the application of the project to delete the three zeroes from the currency of no value benefit of the Iraqi dinar 03-09-2013 05:01 AM Baghdad (news) .. Ruled out the vice president of the Finance Committee MP / coalition of Kurdish blocs / Ahmed Faizullah, improve the value of the Iraqi dinar when applying the project to delete the three zeroes from the national currency. said Faizullah (of the Agency... 

Deputy: the need to conclude economic agreements with developed countries in the field of exchange of expertise and capacity development

Posted by on Oct 28, 2013 | Leave a Comment

03-09-2013 11:35 AM Baghdad (news) .. A member of the Committee on the economy and investment MP / National Alliance / Amer winner, the need for Iraq to conclude economic agreements with developed countries Kalurbih and Asian countries to exchange experiences and develop local capacity. said the winner (of the Agency news): The Iraqi government signed a series of economic agreements in various economic fields, which where... 

CBI agrees in principle to the opening of a Standard Charter bank branch in Baghdad

Posted by on Oct 28, 2013 | Leave a Comment

03-09-2013 05:21 PM Baghdad (news) .. Central Bank of Iraq, agreed in principle to the establishment of Standard Chartered Bank British opened a branch in Baghdad for the exercise of its banking before the final year. central bank said in a statement received by the Agency (news) copy of it: that the bank issued its approval in principle to the establishment of the Bank Standard Chartered, the British opened a branch... 

Parliament Chairmanship decides next Monday deadline to discuss Parlaimentary Elections Law

Posted by on Oct 28, 2013 | Leave a Comment

Tuesday, 03 September 2013 14:55 Baghdad (AIN) -The parliament chairmanship decided the next Monday to be last date to discuss the Parlaimentary Elections Law. Parlaimentary source stated to AIN “The parliament chairmanship decided the next Monday to be last date to discuss the Parlaimentary Elections Law,” noting that “The parliament Chairmanship called the political blocs to submit their points against the draft... 
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