Posts Tagged ‘middle east’

31/12/2013 08:07
Unanimously experts, academics and economists that the most prominent economic achievements that have been made ​​in Iraq over the past ten years have been, launch the licensing round and revive the middle class of employees by increasing their salaries, and improve the system of electronic payment and agricultural initiative and enter the telecommunications sector and little growth in the industrial sector and Reconstruction .



A report prepared by experts at the International Monetary Fund Article IV Consultation with Iraq in 2013, which took place in the first quarter of the year 2013 in Amman, Jordan, that “in spite of the circumstance of the Iraqi difficult, the economic developments generally positive and has seen economic growth acceleration, At the same time did not hide his report the risks resulting from the decline in the level of political and security situations.

and followed (range) a chart he submitted the Resident Representative of the International Monetary Fund for Iraq, Ghazi reticles showing the latest economic developments and prospects in the medium term in addition to the risks and economic reforms. (more…)

Announced Foreign Ministry Undersecretary Ambassador Khalid Al-Jarallah visit is very close to the Minister of Iraqi oil to Kuwait

He pointed out that during the visit will be discussed a mechanism for the implementation of the oil agreement, which was signed earlier between the two sides. (more…)


(Legal) Convertibility of the dollar to the outside will not affect the currency

16/12/2013 05:23 PM

Ruled out a member of the Economic Commission Attorney Nora Albjara, the effect of converting large amounts of dollar to the outside through the central bank auction on what exists of it in Iraq. (more…)

12/17/2013 0:00

adviser said the Iraqi Institute for Economic Reform, Dr. Ahmed al-Husseini: The Iraq today suffers from challenges burdened economy, the problems of countless proposed a number of solutions reformist to contend with.

said in a statement to the (morning) that failure to meet these challenges – according to a recent study prepared by the World Bank recently – has led to the deterioration and failure of the reality of the investment climate in Iraq, said that the study I mentioned the most important obstacles in front of increasing the productivity of companies operating in various economic sectors, was the lack of electricity supply, and instability, as well as financial and administrative corruption, as well as the problems of access to land, tax administration , inadequate educated workforce, the laws regulating the work of others. (more…)

CBI Confirms Its Inability To Delete The Zeros Of The Iraqi Currency

December 8, 2013
Baghdad: Iraq News Network – The Central Bank of inability to delete the zeros of the Iraqi currency, or add new banknotes, for fear of confusing the Iraqi market. (more…)

On: Sat 12/07/2013 11:00

The news agency here south / Anmar al-Zaidi

Fidelity National revealed that investment in Iraq has a lot of gaps and problems that hinder the evolutionary process of the country.
The head of Fidelity National Engineer Sherwan Waeli in an interview, “Here for the south,” said investment in Dhi Qar and the country in general, a lot of gaps and problems that hinder the evolutionary process because of some land and investment laws that are disabled or not attractive for investment. (more…)

12/06/2013 15:26

Announced that Hill International, on Friday, selected to implement the project Stadium Samawah Olympic cost of 61 million dollars, and said that the stadium will be a capacity of 20 000 spectators, and indicated that it will provide design and management services, as shown that this is the third pitch that upbringing in Iraq. (more…)

05/12/2013 – 15:15

Questioned Supreme Audit report of Transparency International, which put Iraq in an advanced rank among the most corrupt countries in the world, calling for the organization to conduct surveys to get out accurate indicators of the occupation of Iraq an advanced rank among the most corrupt countries in the world,

according to Transparency International, was met with cold fast from the Audit Court, which confirmed that the organization has not conducted a survey in Iraq years ago Abdel Basset Turki \ President of Supreme Audit: We are not against the existence of statistics we are with the presence of the vital statistics for the construction of decisions, but the organization has the Notes formed outside the normal range of the organization, (more…)

04/12/2013 14:12:00
Baghdad/ NINA /–The governor by interim of the Central Bank of Iraq Abdel Basset Turki discussed with Italian Ambassador Massimo Maruti the fields of economic cooperation and aspects of banking business development.


25-11-2013 09:40 AM

Iraq continues to expand its oil resources, but the diversification of the economy by about bigger is necessary, according to an analysis of what he saw Qatar National Bank QNB.

The analysis, published by the newspaper Gulf News UAE’s English-speaking, that in the wake of the Iraq war, the expansion of oil production in Iraq quickly, what produced a rise in the gross domestic product of $ 1750 in 2005 to more than 6300 dollars in the year 2012 in spite of social context is difficult. (more…)

28-11-2013 09:24 PM
Baghdad (newsletter). The Iraqi Central Bank announced the approval of the financial action group for the Middle East and North Africa on money laundering offences and the financing of terrorism held a meeting in Iraq. (more…)

28-11-2013 04:37 PM
Baghdad (news) .. Search first deputy chairman of the Iraqi Parliament Qusay al-Suhail with a delegation from the World Bank, headed by the Regional Director of the World Bank Fred Belhadj, the development of human capacity and Iraqi banking systems in place in the country, as well as future plans for the institutions of the World Bank in Iraq. (more…)

28.11.2013 3:19 p.m.

Welcomed Prime Minister Nuri al-Maliki, on Thursday, to establish strategic relations with Kuwait and overcome the effects of the past between the two countries, and stressed that these relations will promote the idea of ​​moderation in the region, while Kuwait expressed its desire to develop relations between the two countries in various fields. ”

Maliki said in a statement received (range Press) a copy of it, during a meeting with Kuwaiti Ambassador to Iraq’s new Ghassan Al-Zawawi, said that “it is important to work to overcome the stage of removing the effects of the past and the normalization of relations between the two countries and the starting stage of development and construction in the joint ventures.” (more…)

Shahristani, Iraq declares control inflation and reduced interest banks to 6%
11/25/2013 – 16:15

Deputy Prime Minister for Energy Hussain al-Shahristani, Monday, that Iraq was able to control the inflation, as well as its ability to reduce the interest banks to 6%, indicating that it is able to maintain the rate of economic growth for long periods.

Shahristani said In his speech during the Business Forum and the Iraqi investment Frenchman in a good hotel, attended by “Alsumaria News”, “Iraq was able to control the inflation rate, which was more than 50% after 2003 and which is now up to 6%,” noting that “interest rates banks also decreased to 6% after it reached 20%. ” (more…)

11/25/2013 0:00

-Sought to gain access to a system integrated economic

planned central bank with the relevant authorities to get to the economic system integrated through a call to the private banks to send its observations and proposals on amending laws Central Bank and money laundering and banks to reach enact laws that serve the economic process in joint efforts by the central bank and private banks.

opened the central bank governor Agency Abdul Basit Turki Saeed yesterday workshop, which was launched in the presence and participation of private banks and a number of economic figures which will continue for a period of five days for the purpose of discussing the proposals made ​​by a number of private banks in order to promote the reality of banking. (more…)


BAGHDAD / JD / .. Central Bank decided to deprive the bank of the Middle East and trade from entering the auction currency and the absence of serious measures to increase their capital.

The central bank said in a book entitled to a bank Middle East Iraqi investment and trade of Iraq, seen / JD / a copy of it: Decide حرمانكم from entering the auction currency (cash sales, credits, transfers) to the lack of serious action to increase Rasmalkm to the extent required. (more…)

British report:
November 16, 2013
Said the report of Standard Chartered Bank in the United Kingdom that “Iraqi oil revenues will reach $ 5 trillion between 2013 and 2035.”

The bank said in its report that “Iraq is preparing to increase production faster than any other country and has the potential to become the largest exporter of crude oil in the world.” (more…)

Parliamentary economy: the use of foreign expertise for the advancement of the economy of Iraq is important
Saturday, October 16 2 / November 2013 14:16

Saw a member of the Committee of Economy and Investment parliamentary Abdul Hussein Abtan use of foreign expertise is important for the advancement of Iraq’s economy.

He Abtan told all of Iraq [where] “As long as we confirmed that Iraq has not received attention by producing countries and invested and still suffers from significant problems including poor visions and plans of economic and development and use of Iraq expertise foreign longer order is true and important and is supposed to be a long time ” . (more…)

Screen Shot 2013-11-14 at 12.44.42 PMIFC International Group To Open An Office In Erbil
On November 14, 2013 in the economic

Arbil / News Network Iraq – announced the Kurdistan Regional Government’s intention to the International Finance Corporation (IFC), a member of the World Bank Group, to open an office in the Kurdistan Region.

Said in a statement to the government today: that (IFC), the largest development institution global focus in particular on the private sector in the countries of the Middle East and North Africa, expressed during a meeting held on Wednesday, in the office of the Ministry of Planning in the Kurdistan Regional Government. (more…)

The report of the UN Secretary-General Ban Ki-moon which indicates that he was aware the Iraqi efforts to reach concrete results, including advertisements and observations concerning the missing Kuwaitis.

BAGHDAD / obelisk: praised UN Secretary-General Ban Ki-moon mission efforts tasks search and extract the remains of prisoners in Iraq, noting that a specialized team from the Iraqi Ministry of Human Rights the search operations and extract the remains in quintiles site in the province of Dhi Qar (more…)

Mana: private banks move to amend their laws restricting

11/09/2013 12:00 AM

He stressed that Iraq would emerge from Chapter VII chance her

called the director of the International Centre for Consulting and studies to the need to reconsider, revise and amend the law on banks, leading to the liberation from the constraints in order to be launched towards the strengthening of the capacity of the national economy and rise to the level of performance and giving banks developed in the world. (more…)

Legal consequences of the withdrawal of Iraq from Chapter VII of the seminar expanded Nahrain University

BAGHDAD – Iraq Press – November 2 / November: organized by the Faculty of Law at the University of Mesopotamia seminar Almahan legal consequences of the withdrawal of Iraq from Chapter VII, with the participation of researchers from various Iraqi universities.

The correspondent / Presse Iraq / Organizing Committee as saying that “the seminar aimed at introducing the most important pros and cognitive economic, scientific and political benefit by Iraq in the development of the national economy and opening up to the role of the region and the world in all transactions.” (more…)


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…)

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…)

{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…)

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…)

Thursday, 24 October 1 / Okrudolf 2013 15:44

Lifting of the House of Representatives its usual to next Monday.

A parliamentary source told all of Iraq [where] on Thursday that “the Council lifted its to next Monday.” (more…)

20-10-2013 06:51 AM
Baghdad (newsletter). The President of the economic information center predicted Dergham Mohamed Ali, the Iraqi economy was affected by the debt crisis, which will lead to lower oil prices in the world oil market.

He Mehmet Ali (News Agency): to increase the debt of America would not lead directly to the recession, but Government closure effect in one form or another on the income of the employees who received the compulsory leave without pay, lack of movement and sell to retail what born near recession in the US economy. (more…)