UN expert emphasizes the banking sector’s role in Iraqi economy

Monday, 26 August 2013 22:21

Baghdad (AIN) –The expert in the industrial development within the UN Organization (UNIDO), Ali al-Sudani, called the Iraqi State to work in reforming the banking sector in Iraq.

Economic Committee Member: Iraq’s entry as a permanent member of the world body for securities will support its economy

27-08-2013 11:37 AM

Baghdad (news) .. A member of the Economic Commission Kurdistan Alliance MP Jassem شنكالي, that the entry of Iraq as a permanent member of the world body for securities will increase its shares in international companies.

Economist urges Iraq to begin the move towards a market based economy

21 Aug 2013

An economist called for the need to determine the implications of economic reform and its priorities, including identifying priority on the transition from a totalitarian to a market economy, pointing to the need to provide a sound foundation and necessary to achieve a smooth transition lowest possible cost as well as complete the necessary legislation and put it into practice.

Economic Committee: Central Bank of Iraq’s measures have ‘failed’

25 Aug 2013
The parliamentary economic committee has described the effort of the Iraqi Central Bank for maintaining the value of Iraqi dinar as ‘failed’. It has to be noted that recently the Central bank of Iraq has promised the nation that the organization will take care of the Iraqi dinar and will take significant steps to make it stable so that sustainable economic ambience prevail throughout the nation.

Mahma Khalil stated, “The central bank demands to maintain the exchange rate of the Iraqi dinar, and determine a fixed price against the foreign currencies, as it is unreasonable that there is a balance of a sovereign Iraqi exceed seventy billion dollars, and it remains the Iraqi dinar rate over 1200mm dinars to the dollar, and sometimes brings about this price on the black market. “

Iraq Ministry of Planning confirms that the Iraqi economy growth rate of about 9%

August 27, 2013
Planning Ministry announced that “the rate of growth of the Iraqi economy is about 9%,” while economists pointed out that “economic growth came as an inevitable result of the increase in oil production in the country.”

HCL law expected to be presented in next session of parliament, later this year

Tuesday, August 27, 2013

Deputy: inability to approve oil and gas law in the current session despite the importance

Kurdish Deputy not to approve oil and gas law in the current session of Parliament, despite its importance.