Archive for October, 2013

Baghdad, Mustafa Habib
At the door of the Rafidain Bank, the government stands hundreds of people in a long queue to buy the dollar after the bank allowed every Iraqi intended to travel to purchase 5,000 dollars at a subsidized price from the Central Bank of Iraq and the value of 1900 dinars per dollar.

Iraqi dinar is witnessing weeks ago marked decline against the dollar value returned by economists and Vice specialists in the matter of financial factors political, security and other financial because of the growing phenomenon of smuggling dollar outside the country. (more…)

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Economic

31-10-2013 12:34 PM

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, noting that the volume of imports large for Iraq at 70 billion dollars, and all will be affected. (more…)

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 80% of the debt.

He adds Adnan al-Khalifa, a financial expert at the Rafidain Bank to the island, that the debt has been settled for more than 13 thousand commercial creditor from outside the Paris Club where they were paid $ 21 billion for these, and the rest will pay government bonds due in 2028. (more…)

Thursday, 31 October 2013 12:51

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. (more…)

Thursday, October 31 1 / Okrudolf 2013 20:00

Prime Minister Nuri al-Maliki on the international community to do a third world war against terrorism, describing the location of the prime minister as “harmful and destructive.”

Maliki said in a speech at the U.S. Institute of Peace in Washington, DC visited by now, “Today we want war global international terrorism and if we had two world wars Fenrid a third world war the killers of human and peoples who want to prevail backwardness, ignorance and disable the building and we are going to invite the nations of the world to hold international conference to combat terrorism in the world and is held in Iraq. ” (more…)

Raises its parliament until tomorrow and fails to vote on election law [Extended]
Wednesday, October 30 1 / Okrudolf 2013 18:13

Lifting of the House of Representatives its usual on Thursday after he failed to vote on the proposal to amend the law for the parliamentary elections in 2014.

The Council said in a statement received by the agency all of Iraq [where] a copy of it on Wednesday that “the Council at its thirty-ended, which was held under the chairmanship of Osama Najafi, head of the House of Representatives and the presence of 224 deputies today’s second reading of the draft law on universities and community colleges.” (more…)

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 and the end of the year, according to the constitution, likely delayed arrival and استغراقها in the discussions to the next year, which is unwelcome to overlap with the campaign because it will affect ordinary citizens and affect the activity of the state in general and enters bargains . (more…)

Planning informed the parliament of Iraq’s population is now 35 million
Wednesday, October 30 1 / Okrudolf 2013 20:13

A parliamentary source said that the Ministry of Planning reported that the number of House of Representatives of Iraq’s population is now 35 million people.

The council has asked the Ministry of Planning statistics on the number of population in order to determine in the new draft law for elections, the number of MPs in the next session. (more…)

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 to all dollar transactions. (more…)

Members of Congress warn Obama: Maliki drag Iraq into civil war
WEDNESDAY, OCTOBER 30 1 / OKRUDOLF 2013 11:44

The New York Times revealed in a report followed the “Twilight News”, a group of members of the U.S. Congress sent a warning message to President Barack Obama that “mismanagement Maliki to Iraqis led to the deterioration of the situation there has been the country into civil war.”

The Nuri al-Maliki, who will meet with Obama on Friday, has hinted that he will ask Washington to send sophisticated types of weapons until the Iraqi government can fight as an organization al-Qaeda militants. (more…)

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. (more…)

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, as it determines the role of Iraq’s future as a key regional oil market. marketing policy and former oil minister, Dr. Ibrahim Bahr al-Ulum said in a statement to the (morning): “The marketing policy of oil within The current plan successful and need to find buyers in the Asian market, especially China and India, as it would guarantee supplies to accommodate hops production expected production from oil fields new task fields crazy and Badra and others will enter the product line in the near future. ” (more…)

29-10-2013 06:53 AM

Baghdad (newsletter). He called the economy and Investment Committee member MP//Salman al-Musawi, the need to use global organizations and advisory bodies in the development of plans to promote Iraqi economic realities.

He said Callie (News Agency): the Iraqi economy still suffers from many problems they leave behind her his previous regime policies that destroyed the country and went on to him, and this made the need for global organizations and advisory bodies for the advancement of the economic reality of the country. (more…)

The member of the Finance Committee, MP of the Kurdistan Alliance, Dlair Qadir called 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.

He opined that the central bank of Iraq should fulfill the pending demands for setting up a mechanism that will facilitate the sale of hard currency, whether in the auction or Windows sales in the banks in order to satisfy local market demand for the dollar. (more…)

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 Kuwait’s Public Authority for Industry (PAI). (more…)

10/27/2013 1:59 PM

BAGHDAD/ Aswat al-Iraq: Iraqi foreign minister Hoshiar Zebari discussed with US State Department Advisor Britt MacGrick the program of the coming visit of Premier Maliki to the United States.

In a statement by the ministry, copy received by Aswat al-Iraq, both sides reviewed the political and regional conditions, including the Syrian question and the preparations of Geneva 2 conference. (more…)

68fe62d3ba13150344af7fcbd5be6891_XLAdel Abdul-Mahdi – 10/28/2013 – 10:36 pm

Could the central bank since 2003, raising precautions from bankruptcy and debt to more than 80 billion dollars. And was able to achieve the objectives assigned to it and essentially constant currency and control inflation ..

Dropped the price of the dollar from 1500 dinars to the dollar in the (2003) to (1166) .. Any citizen achieved (23%) Zaardh on income that was received by .. Inflation fell foundation year and inflation of about (75%) .. And (46%), respectively, to the number of individual spins between (4-8%) .. With reminders at the Millennium inflation rates, to the end of the eighties and nineties. (more…)

{Baghdad: Euphrates News,} 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 Forum ninth to be held for the first time outside the Islamic world.” (more…)

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 viable.” (more…)

The end of the month of January as the date to announce an alternative Talabani in the presidency of the Union

The end of the month of January as the date to announce an alternative Talabani in the presidency of the Union
Kurdish newspaper revealed the existence of what it called بالتسابق between the leaders of the Patriotic Union of Kurdistan (PUK) to win the post of Secretary General of the Party, the successor to President Jalal Talabani to suffer from illness and no news about ten months ago. (more…)

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. (more…)

10/25/2013 12:46 PM

BAGHDAD/ Aswat al-Iraq: UN Compensations Committee handed over $1.2 billion to Kuwaiti government in part of the compensations of Iraqi invasion of 1990.

In a press statement, copy received by Aswat al-Iraq, the committee handed, till now, about $43.5 billion. (more…)

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 became old, was pasted the Ripper them under the pretext of the difficulty of dealing with, suffering of many daily obsolescence paper currency and fears of fraud that have occurred in them, and the lack of action by the authorities concerned, they need to be reconsidered in grandfather to fit with the reality in which they live citizen. (more…)

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 to scarcity in the Iraqi market. (more…)

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 completion of course and increase the opportunities for corruption financial and administrative. (more…)

Central Bank exclude the 12 banks waged currency auction sale

 Baghdad / term

Saw experts and specialists in economic affairs that the central bank’s decision excluding the 12 banks waged from the auction sale of the currency and deprive it of cash sales, transfers and appropriations would open the door to the parallel market to emerge, and the decline of the real role of banks eligibility serious in the search for a partnership banking with major international banks.

while others questioned about the reason for increasing the capital of private banks and non-increase in the counterpart government despite the fact that the majority of government banks to exceed its capital of 100 billion dinars. (more…)

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 called for the need to make some adjustments to it, and in a form which can ensure the region’s share of compensatory seats. (more…)

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. (more…)

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 has decided to settle the money that the Jordanian government to act and to present the settlement if finalized,” indicating that it “will be also with respect to funds Egyptian.” mentions that “the Economic Club of Paris” had in 2004 decided to write off Iraq’s debts , which is an informal group of financiers from 19 countries of the richest countries in the world that offer financial services such as debt restructuring, debt relief and debt cancellation on the debtor and creditor countries and identifies the International Monetary Fund names of those States. (more…)