Posts Tagged ‘India’

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09/10/2013 10:53
Tomorrow Press / Baghdad: The Ministry of Planning, Wednesday, develop a plan to eliminate unemployment, and as pointed out that the unemployment rate in Iraq reached 12%, pointed out that the volume of investment in Iraq’s 417 trillion.

He said ministry spokesman Abdul Zahra al-Hindawi for “tomorrow’s Press,” “The ministry has developed a plan to eliminate unemployment within the five-year plan 2014-2017, where Stnkhvz rate of unemployment over the next three years to under six percent,” stressing that “the unemployment rate in Iraq is 12 %. ” (more…)

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Screen Shot 2013-09-16 at 8.18.45 AM16/09/2013 (00:01 pm)
Happened on this day: the central bank and the first Iraqi currency

The elevation of Abdul Razak Mohammed

On this day in 1950 issued the first Iraqi currency, bearing the name of the Iraqi Central Bank, who took over the affairs of the Iraqi currency, issuance or replacement.

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BAGHDAD / News: suggested the parliamentary Finance Committee on Monday, to witness the coming weeks, an improvement over the value of the dinar against the dollar, noting that the monetary policy pursued by the Central Bank have had a significant impact in this improvement.

Chairman of the Committee said Haider al-Abadi said in an exclusive interview with the agency “News” that “the Iraqi dinar is witnessing these days a relatively improved its value against the U.S. dollar and the evidence provides some Arab and foreign countries wish to deal with the Iraqi dinar.” (more…)

Economic
Member parliamentary Finance: the relative improvement of the value of the dinar against the dollar to make some countries want to deal with

07-09-2013 10:33 AM

Baghdad (news) .. A member of the Finance Committee MP / coalition of Kurdish blocs / Dler capable, that the improvement relative to the value of the Iraqi dinar against the U.S. dollar during the current period to make some countries want to handle it. (more…)

26-08-2013 10:34 AM

Baghdad (newsletter). He is a member of the Finance Committee, a Deputy from the Kurdistan blocs Coalition//Jimmy is capable, with the Iraqi and Indian sides talks to agree on the economic and trade dealings of the two countries in local currency, saying that it would support the value of the dinar and make it highly desirable. (more…)

Friday, 23 August 2013 21:30
Baghdad (AIN) –In a private r
eport from New Delhi for All Iraq News Agency “The Indian Minister of Trade and Ministry, Anand Sharma, mentioned that his country is studying the possibility of paying for trade with Iraq by using local currency represented by Iraqi Dinar and Indian Rupees instead of the US Dollar to face the changes and drop of the value of the Indian Rupees.” (more…)

State law: Maliki’s visit to America has nothing to do with the renewal of the mandate of leadership Vcefath confirmed previous years

24/08/2013 14:54

Counting coalition of state law, on Saturday, realize the big players كأميركا and Iran civil Prime Minister Nuri al-Maliki in the management of Iraq “a good thing”, and as pointed out that there is no relationship between the travel-Maliki to America or India or Iran, the subject of renewal of the mandate to him, pointed out that the past seven years was enough to know America and other “personal-Maliki and his leadership qualities. (more…)

said Indian Commerce Minister that the Indian government would discuss with Iraq, the possibility of settling trade payments in Indian Rupees step will help to stabilize the troubled currency.

Said Anand Sharma, Minister of Commerce, told reporters in response to a question whether India was considering rupee payment for Iraq, “Yes. We will discuss how to use Amltena المحليتين.” (more…)

08/03/2013 12:00 AM

WASHINGTON – Xinhua urged the director of the International Monetary Fund Christine Lagarde on better cooperation in world politics and economic reforms help to meet the challenges set out in the advanced and emerging economies.

said Lagarde: It is after the outbreak of the financial crisis, there was a global collaboration «intensive really» in policy-making in the colloquial 2008 and 2009, but after the easing of the crisis and initiate the global economy in recovery, reduced the frequency of pressing demands to cooperate. (more…)

01/16/2013

BAGHDAD / JD / .. Dubai Chamber of Commerce and Industry (DCCI) for obtaining the approval of establishment of an office in Iraq.

said Director General Chamber of Commerce and Industry (DCCI) Hamad Mubarak Buamim newspaper statement UAE: We’ve got the approval from the authorities in Iraq to establish a representative office for the Dubai Chamber, said that the room started to establish offices business in the world keen to explore opportunities in world markets. (more…)

17-07-2012 10:57 AM
Are free – Reduction of the International Monetary Fund on Monday, July sixteen forecast growth rates on the global economy next year from 4.1% to 3.9% in light of the ongoing debt crisis in Europe that showed their negative impact on the growth of China and India. (more…)

03/01/2012

Revealed Deputy Prime Minister Ruz Nuri Shaways yesterday for a new strategy to revive the Iraqi economy.

Shaways said during a conference on Iraq in the Indian capital New Delhi that “after the change that our country experienced in 2003 and subsequent new directions in economic, social, political and cultural, has been the trend towards a radical reconsideration of the economic policy followed in the country.”

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Report showed the growth of global private sector economy, the highest level in 11 months in January to promote new projects, prompting companies to hire more staff.

The index rebounded world GDP, which puts him good. Morgan in collaboration with research institutions and institutes to manage the procurement of up to 54.6 from 52.7 in January and remains above the level of the fifty that separates growth from contraction.

The services sector index rose to 55.4 from the World 53.0. (more…)

BAGHDAD (Iba) .. It is hoped that Iraq participates in the meetings of Arab Forum – India to be held at the headquarters of the General Secretariat of the League of Arab States in 28/02/2012 and represent Iraq in the meeting Aqeel Mandalawi Director General of Cultural Relations in the Ministry of Culture.

Under the document Cooperation Forum to establish a joint committee of high-level meet at different levels, which includes the troika of the Arab summit and the General Secretariat of the League of Arab States and their counterparts from the Indian side will chair the Ibiaganb of the Arab representation Indian at the level of Deputy Minister of Foreign Affairs. (more…)

* 13,000 km subsea cable network to link GCC with Iraq, Iran, India and Europe
* $500 mln invested thus far, expansion into Singapore planned
* Shareholders include regional sovereign wealth funds QIA and KIA

DOHA, Nov 28 (Reuters) – Qatar-based Gulf Bridge International (GBI) is completing the final stages of a submarine cable network that will give Iraq fast, reliable connections to other parts of the world for the first time, the network’s operator said on Monday. (more…)

Baghdad (news) .. ills of economic researcher Hussein star caused by the rise in oil prices due to an increase in demand with the advent of winter, and expected to reach oil per barrel in 2012’s (101 or 102) dollars, in addition to the movement of countries (BRIC) sectors economic influenced indirectly to this increase.

He star in a statement (the Agency news) on Thursday said that high oil prices due to increased consumer demand it for the arrival of winter, in addition to moving the BRIC countries, namely, (Brazil, India and Russia) economic sectors in the forefront of industrial and this increases economic growth and thus has a role in high oil prices. (more…)

Posted 21/10/2011 06:21 AM

BAGHDAD – Babinaoz: source revealed that Iraqi officials were able through delegates representing them to get half of the shares of five companies British bases, some recently, with the work of others to get on the shares of the k »gift» against the award of contracts and licenses to work in Iraq.

The source said that these companies get contracts in amounts of up to one billion dollars, or slightly less in several areas, will be awarded some of monopolies in the areas of work and invest for long periods.

He added that the clubs of London has seen in recent times many meetings have resulted in deals have enabled these companies to enter the investment market of Iraq to serve therefore profits in the pockets of those Iraqi officials, which is a face «innovative» aspects of administrative corruption and financial numerous.

http://bit.ly/qm9Ery

Consensus that Iraq is the kiss of investment in the world

19/10/2011

Iraqi Economic Forum, the launch of the Indian Investment

Held in Baghdad, Iraq Economic Forum with the participation of 26 of India’s biggest Indian companies and 30 Iraqi company and attended the forum organized by the Business Council of the Iraqi National Indian ambassador at the head of the delegation of various companies such as The Chairman of the National D investment.

Sami al-Araji, the head of the Securities and Abdul Razzaq al-Saadi, a number of government officials and members of the Business Council. In his speech at the opening ceremony, the president of the National Business Council Ibrahim al-Baghdadi hoped that this Forum panel to communicate and build a true partnership between businessmen in both countries and major Indian companies and Iraqi forces.

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Said Deputy Prime Minister Ruz Nuri Shaways to present the government great facilities for Iraqi investors and foreign. This came during his meeting with Indian Ambassador to Iraq and a delegation investment Indian annexation of the heads of companies in industries of oil and gas, electricity and heavy industries, automotive, construction, construction and food industries.

The Deputy Prime Minister for a detailed explanation of the investment environment in the country and the extraordinary efforts being made to provide facilities for the major Iraqi and foreign investors and a set of laws and regulations that safeguard the rights of the investor and provide an enabling environment for his work in Iraq.

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Expressed major emerging economies in the world last night in Washington for their willingness to participate in the provision of assistance through international lending institutions to address the “current challenges” of the global economy that are likely to include the heavily indebted governments in the euro area.

Met with finance ministers and central bank governors of countries Brazil, Russia, India, China and South Africa called the “Coalition of the Brix” in Washington on the eve of the annual meetings of the Bank and the International Monetary Fund. They said in a joint statement that “the BRICs is prepared, if necessary, consider providing assistance through the IMF and international financial institutions to address the current challenges of global financial stability, according to the circumstances of each individual State.”

Since last year, he participated Monetary Fund, who is lending a time of crisis in the rescue packages for the governments burdened with very indebted in the euro area in Greece, Ireland and Portugal. At a news conference, it was not the representatives gathered Prix ready to comment on actions in support of other possible such as buying bonds issued by governments stalled.

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Asian currencies fell this week, led India’s rupee and South Korea’s won, as U.S. data added to signs the global economic recovery is losing steam and Europe’s worsening debt crisis bolstered demand for dollars.

Asia Pacific stocks slumped for a fourth week as investors favored safer bets than emerging-market assets. U.S. reports published on Aug. 18 showed consumer confidence is the weakest since March 2009, existing home sales dropped in July and jobless claims rose more than economists forecast. Taiwan released second-quarter gross domestic product data on Aug. 18, joining China, South Korea, Hong Kong, Malaysia and Singapore in reporting the slowest expansions since 2009.

Read More: http://www.bloomberg.com/news/2011-08-19/asia-currencies-fall-this-week-led-by-rupee-on-slowdown-signs.html

VietFinanceNews.com – Viet Nam’s bond market has experienced a significant year-on-year rise in growth during early 2011 compared with 2009 and 2010.

This compares to several regional countries that have shown a significant decline. Experts say this shows Viet Nam’s strong resilience in a volatile global financial environment.

The Asian Development Bank’s Asia Capital Markets Monitor for August stated that with only US$16 billion worth of total bonds outstanding, Viet Nam’s local currency bond market grew 42.8 per cent year-on-year in Quarter One this year after expanding 34.2 per cent in 2010, making it the fastest-growing bond market in Asia since 2009.

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Elie Girard, executive vice-president of strategy and development at France Telecom, said he was bullish about the prospects for Korek Telecom, the mobile operator based in Kurdistan, in which France Telecom recently bought a minority stake.

“There is huge growth potential in Iraq,” said Girard, adding that Korek would grow some 30 percent a year.
Iraq has a mobile market penetration of about 80 percent, lower than other countries in the region, and average revenue per user (ARPU) of around $12-$15 a month, compared with $3-$5 in India and most of sub-Saharan Africa.

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