Archive for September 2, 2013

Screen Shot 2013-01-25 at 9.22.52 AM30 Aug 2013

Iraqi financial expert stated that the value of Iraq’s Federal Reserve currently amounts to about $80 billion, following the recent increase in the country’s oil exports. Nevertheless, no information was made available by the Central Bank of Iraq (CBI) to this effect.

Speaking to media, financial expert Hussein al-Asadi remarked, “According to my information, the value of Iraq’s federal reserve currently amounts to about $80 billion. This includes funds, precious metals and other items.” (more…)

01 Sep 2013
Member of the Economic Committee of the Kurdistan Alliance MP Mahma Khalil stated the importance of activating the stock market to increase storage and support the economy.


01 Sep 2013
A member of the Parliamentary Committee on the economy stated that Iraqi economy is still stalled in place, pointing to the absence of true vision to elevate it.

MP, Mr. Amer stated, “The economy stalled in place and there is no true vision to elevate it,” he said, “If you look at the economy, it is moving towards the gradient and improvising the economy, but a lot of regulations and instructions hinder this progress.” (more…)

26 Aug 2013
Iraq’s Tax Authority has warned against what it described as total reliance on oil export revenues.

“The country depends wholly on royalties from oil exports. The catastrophe for the economy is inevitable once oil wells start aging,” said the authority’s director-general Kadhem Abdullah.

Abdullah said the country lacked “a clear strategy” on how to diversify its income. The constitution, he added, calls for the creation of a market economy, but regulations and rules managing the economy are the opposite. (more…)

09/02/2013 12:00 AM

Specialist acknowledges its importance in the real transformation to a market economy

represents the law of economic reform, passed by the Council of Ministers recently glimmer of hope to all those concerned with economic experts and the private sector in particular because he axis foundation in economic work after the transition towards a market economy, especially The new law deals with the economic reality in accordance with the principles of a free economy, where it came from assertions that stage that follows the adoption of this law will revolutionize major development in all sectors as provided by the law of climates safe working environment attractive for international companies and their capital. (more…)

Al Ghad newspaper – 09/02/2013 –
Amman – occupied Iraqis ranked first among foreign investors registered with the Companies Control Department during the first seven months of this year, according to data released by the department.

The number of Iraqi investors 529 investors make up 36% of the total number of foreign investors during the first seven months of the current year The solution in the second Syrians number 427 investors and by 29% of the foreign investors in third place 46 investor Emirati and 3% of the total number of foreign investors.

Editor: BK, BS 2/9/2013, 17:03
Said a Chinese diplomat on Monday, that the volume of trade exchange for his country with Iraq was in 2012 past 17 billion and $ 500 million, hoping to rise to $ 20 billion in 2013, the current, while showed a Chinese company specialized communications willingness to expand its services and cooperation with Iraq, Baghdad University, showed that it is seeking to attract the company’s experience and indigenization being universally known. (more…)

09/02/2013 12:00 AM

called Academy economic government agencies to quote a number of experiments special economic countries advanced passed conditions similar to the conditions of Iraq for the purpose of developing economic sectors.

said Tahsin Ali told the (morning) that there are several states have passed conditions similar to the conditions experienced by Iraq (k Germany and South Korea) and other countries that girl its economy from the ruins of war and the ruins of the wrong policies. said Ali that Germany began the process of economic reform through reform of the banking business and the establishment of the largest bank to finance projects of industrial production, adding that it led to the establishment of industrial revival in that country and developed by in the ranks of developed nations. (more…)

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 Moscow / a. P. B. meet with heads of State and Government of the Group of Twenty Thursday and Friday in St. Petersburg in Russia at the summit is expected to be tense at the height of the Syrian crisis and the financial storm in the emerging new problem in the global economy. supposed to devote the leaders of rich countries and major emerging in the world officially their economic issues and finance. (more…)

Showed the General Secretariat of the Council of Ministers, said the council decided during its regular thirty-seventh session in 08/27/2013 to approve the contribution of the Republic of Iraq to increase the financial resources of the Arab Monetary Fund and the amount of its share in the IPO proposed 38.950 thirty-eight thousand nine hundred and fifty dinars Arabic My Account and the proportion of underwriting 12, 98%. (more…)