Archive for March 26, 2012

Date: Monday 03/26/2012 22:03

Baghdad (news) .. He said naval force commander Lieutenant-General Hussein Ali, the Kuwaiti authorities released Iraqi fishermen who were detained two days ago.

Hussein added in a telephone conversation with the Agency (news) on Monday evening: The contact side of Kuwait, this afternoon, and received a promise to release them, and have already been released, seven fishermen with their boat (Lang), according to the security agreement and sea between the two countries. (more…)

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26/03/2012 17:38

Baghdad, March 26 / March (Rn) – The Commission on economy and investment in the Iraqi parliament on Monday that the law on customs tariff new exception to the investment sector and investment companies from paying duties on goods entering Iraq, referring to the tax rate will be different between the goods and others.

The Finance Minister Rafie al-Issawi, announced last week to set the first of June next date for the work of the tariff regime in Iraq after being postponed twice, stressing that this time can not be postponed to a working system. (more…)

BAGHDAD / Baghdadiya News / … for the deputy national parliamentary bloc and the need to put the Iraqi issue at the meeting of the Arab Summit to be held in the twenty-ninth of this month,

He called the delegation negotiating pressure on the Kuwaiti side to extinguish Iraqi burdened compensation withers Iraqi to be used in the orientation of serving Iraq and Iraqis. (more…)

26-03-2012 11:02 AM
A number of Iraqi economists to start deleting the zeros would hinder the development of the Iraqi market for securities because it will cause the reduction of stocks of State to 20% after it witnessed during the current year 80%.

said an economist and professor at the University of Mustansiriya Radi al-Husseini that the ‘stock of Foreign Affairs of the Stock Exchange will drop to 20 % if the Iraqi Central Bank to raise three zeros from the local currency, because it is not something organizationally, but beyond that where it causes obstruction of financial transactions, including block the signing of an agreement with the brokerage firm, in addition to delay the signing of authorization form with the brokerage firm because the foreign investor believes that a change of currency will reduce profits. ‘ (more…)

Date: Monday, 26-03-2012 12: 32 pm

Baghdad (newsletter) … Analyst Ibrahim Al-Mashhadani explained the reasons for the lack of Iraqi private banks capital due to lack of means to encourage savings and farewell money by citizens and holders of funds from rich layer of society, resulting in the absence of actual role in the investment activity of the country.

He said Al-Mashhadani (News Agency news) Monday: no promotional means leading to bid farewell to funds to banks by the rich or abundant funds, such as the frozen citizens increase interest on money deposited or so-called “savings” by the Central Bank, in addition to not give a good picture of private banks by monetary policy and the Federal Government, led to distrust between public and banks. (more…)

26/03/2012 10:01

Baghdad, March 26 (Rn) – The Federal Ministry of Planning, on Monday, it will begin launching money within the federal budget for the current year after publication in the Official Gazette of Iraq by the Ministry of Justice, which confirmed the lack of published until now.

And approved the Iraqi government in its emergency meeting in (05/12/2011) budget in 2012 Bmekdarnho $ 100 billion (about 117 trillion Iraqi dinars) and a deficit of up to $ 13.5 billion (about 17 trillion dinars). (more…)

Sunday, 25 March 2012

Baghdad (AIN) –The President Jalal Talabani decided to invite for holding the National Meeting on April 5th.

Presidential statement, received by AIN, cited Sunday “After intensive discussions with the Premier Nouri al-Maliki and Speaker Osama al-Nijaifi and other political leaders, the President Talabani decided to set April 5th, 2012 a date for holding the National Meeting.” (more…)

Baghdad, March 26 / March (Rn) – The Parliamentary Committee on Economics on Monday, the Iraqi government and the exploitation of the meeting of Arab ministers of economy, to raise the level of trade exchange and develop a road map to promote the reality of trade with Arab countries.

Is scheduled for the meeting of Arab ministers of economy on Tuesday on the sidelines of the Arab Summit to be held this weekend. (more…)

Sunday, March 25, 2012
BAGHDAD – Naseer Goldfinch
Official sources in the Iraqi Central Bank to the project to delete three zeros from the Iraqi dinar actually began, and that the process will cost the budget 172 billion dinars (150 million dollars). She explained that the budget next year will be the new dinar, which will serve the Central Bank to gradually raise its value against the dollar and equal access to price, any dinars per dollar.

Showed official documents private replace the dinar obtained by the «life» that the new edition will be issued in three languages, Arabic, Kurdish and English, as will cost the printing process, which will be forwarded to one of four international companies specialized $ 150 million, including printing, transportation, insurance, and work outside of office hours for the destruction of the currency old within the «central». (more…)

23.03.2012
After more than three decades of economic stagnation and fractures Iraq today stands on the threshold of an economic renaissance expects the US engineering company Fluor to be comprehensive and that the rise of China than Iraq in terms of the rate of economic growth over the next few years .

This Optimism comes coupled with international and local Optimism was more conservative .. The head of the Department of Economics at the Center for Arab and international studies at the University of Mustansiriya d. Abdul Rahman al-Mashhadani said Chit China would be Arabs as he put it. (more…)

25.03.2012
Continues for more than seven years in attempts to join the WTO against the backdrop of radical transformations witnessed by the economy after the change, the economy and move from dictatorship to market economy system, but these attempts have not achieved significant results so far.

And received the Iraqi government recently proposed a list of requests to amend the most current laws and legislation other as a condition for accession to the WTO, the applications described by government sources Palmakdh, but a member of the Economic Committee in the House of Representatives Abdul- Hussein Abtan do not see it that way, and stresses the need to initiate the required reforms. (more…)