Archive for March 7, 2012

By Aseel Kami and Yara Bayoumy

BAGHDAD, March 7 (Reuters) – An Iraqi businessman, trying to cash in on the billions of dollars pouring into the country from lucrative oil contracts, complains that his biggest headache is not bomb attacks or sectarian politics but primitive banks.

“Where are the credit cards?” said the businessman, who represents a foreign automobile company in Iraq and declined to be identified because of his dealings with the government. Elsewhere in the Gulf, he noted, credit cards are widely used. “How far away are we from this development?” (more…)


Wednesday, 07 March 2012

said the Iraqi Foreign Ministry on Wednesday that UN Secretary-General Ban Ki-moon told Iraq will attend the upcoming Arab summit in Baghdad. and Foreign Minister Hoshyar Zebari said in an interview with the channel “Iraq,” the semi-official “Secretary-General of the United Nations Ban Ki-moon will attend the Arab summit in Baghdad, “adding,” assured us he would take part in the summit and told us so in a way directly. ” (more…)

Source: Kuwait-Maliki to cancel the deal «FAO» Partnership in exchange for «Mubarak»

07.03.2012 0:00

before heading Prime Minister Nuri al-Maliki, to Kuwait, sources familiar with and close to the Oval Office, that «the partnership deal is equal prepared to put forward during his visit to Kuwait on the port of Mubarak after secret meetings between him and the Kuwaiti officials». (more…)


BAGHDAD – Al Sabah
Said Husam Obeid, an economist on the need to speed up the deletion of zeros from the Iraqi currency, because such a step of positive returns.

The head of the Board of Directors of banks, economy, investment and finance in a statement to the Agency (IBA) to delete the zeros of the Iraqi currency has become an urgent need to raise the value of the currency and to maintain balance in the market, noting that this procedure need to be a political decision. (more…)


Proceed with Prime Minister Nuri al-Maliki’s visit to Kuwait in the next week to discuss the development of relations and an end to the outstanding issues between the two countries.

According to a source close to the government for “morning”, al-Maliki will visit to Kuwait on Wednesday 14 th of this month. The source continued: that Maliki will meet during the visit, Emir of Kuwait Sheikh Sabah Al-Ahmad Al-Sabah and Prime Minister and a number of dignitaries and Kuwaiti businessmen, in addition to the community Iraq’s there. (more…)

07/03/2012 11:33
ERBIL, March 7 (AKnews) – Iraqi Prime Minister Nouri al-Maliki will visit Kuwait next Wednesday in an effort to resolve the ongoing issues between the two countries before the upcoming Arab summit on March 29 in Baghdad.

“Prime Minister Nouri al-Maliki will start his official visit to Kuwait on March 14 and will meet with Kuwaiti Emir Sheikh Sabah al-Ahmad al-Jaber al-Sabah, the prime minister, a number of dignitaries and Kuwaiti businessmen,” Xinhua news agency reported the Kuwaiti state-run al-Sabah newspaper as quoting an unnamed government source. (more…)

07/03/2012 07:22:01

BAGHDAD (Iba) .. participated Commercial Attaché of Iraq in Washington at a seminar and a workshop hosted by the Economic Section Office of Iraq in the U.S. State Department on Monday, 5 \ 3 \ 2012. opened the seminar which was attended by more than 140 businessmen and businesswomen and representatives of U.S. companies with welcoming the Deputy Assistant in the U.S. Department of State Barbara Leaf, followed by the words of Holly Vineyard, Assistant Undersecretary of the U.S. Department of Commerce and Larian Harton Special Representative for Trade and Economic Affairs in the Ministry of Foreign Affairs. (more…)

Wednesday, 07 March / March 2012 15:34
Search House Speaker Osama Najafi with former Kuwaiti Prime Minister Nasser Al-Mohammad Al-Sabah, the bilateral relations between the two countries. (more…)

Confirmed the MP for the Liberal bloc Zainab Sahlani that the mass of the moving subject of the protection of Iraq’s money in the fund dfi, which is run by the American side that the revenue of the country is unknown.

The Sahlani told the news public opinion (and babysit) on Wednesday, “The Commission investigative problem led by Ahmad Chalabi, showed the presence of significant violations of expenditure from the revenues of Iraq in the fund and thus the survival of Iraq’s money under the protection of the U.S. is the intervention of another kind in the Iraqi issue.” (more…)

Baghdad (newsletter) … Invited first Deputy Chairman of the House of Qussay Al Souhail Germany and EU countries to support Iraq out of Chapter VII.

The Office said in a statement received Suhail (News Agency news) on Wednesday: Suheil German Ambassador in Baghdad received the Carl w. Christian Baker and his Entourage on Tuesday and discussed the development of bilateral relations in economic and scientific aspects and parliamentary and entering the German companies to invest in Iraq during the next stage. (more…)


Baghdad / range cabinet announced that it decided to form a ministerial committee to prepare the outstanding issues with Kuwait and to be discussed by Prime Minister Nuri al-Maliki with the Kuwaiti side next week, refusing to discuss the budget within the Council until the court’s response of federal law, passed by Parliament earlier.

Maliki will visit Kuwait in 14 of this month to discuss several pending issues between the two countries and the possibility of finding solutions to them, especially the second Gulf War reparations and land borders and sea port and the issue of Mubarak, which created a kind of political tension between Baghdad and Kuwait during the past months. Kuwait and declared their readiness to turn the page past and start a new page of its foreign relations with Iraq on the basis of mutual respect, a position which Hatrha Iraq through the statements of Prime Minister Nuri al-Maliki. (more…)

On: Wednesday 07/03/2012 13:11

Baghdad (news) .. A member of the Economic Commission for MP / National Alliance / Amer winner that the merger of small banks with each other and the formation of large amounts of capital will make an impressive contribution to the development of the country’s economy.

The winner (of the Agency news) on Wednesday: The private banks of small, capital, few can not play its role to actual commercial or influence in the Iraqi market for securities and even customers to Aataamilon with them because they are looking for a safe for their money through bid farewell to their money in banks, solid-tipped big money. (more…)

The latest daily currency auction was held in the Central Bank of Iraq on the7-MAR-2012. The results were as follows:

Number of banks 24
Auction price selling dinar / US$ 1166
Auction price buying dinar / US$ —–
Amount sold at auction price (US$) 234,067,000
Amount purchased at Auction price (US$) —–
Total offers for buying (US$) 234,067,000
Total offers for selling (US$) —–