Posts Tagged ‘Politics of Iraq’

The Interior Ministry announced, on Monday, that the imposition of customs duties on imported goods will be starting from the year 2014, and by no more than 20% of their value, indicating that the fees will be imposed on all border crossing points, including the Kurdistan region.

The interior ministry said, in a statement posted on the website of the Ministry of Interior, said that “the imposition of customs duties on imported goods will be starting from 2014, and by no more than 20% of its value in all border crossing points, including the Kurdistan region.” (more…)

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MPs and experts in favor of warnings from the International Monetary Fund Iraq’s dependence on oil

Warned parliamentarians, economists and oil, last Sunday, of the consequences of Iraq’s dependence entirely on oil, and have expressed their support for the report by the International Monetary Fund on the performance of the local economy, and while confirming the parliamentary Finance Committee that they had already informed the government repeatedly remarks similar without having any reaction because the officials “lack insights economic future”, he saw an economist that the problem of Iraq’s funds is that they “run around irrational,” warned an oil expert of the consequences of non-crystallizing economic vision for the future. (more…)

December 25, 2013 10:22

The government has prepared a detailed dossier of debt owed by Iraq, amounting to a billion dollars, and the file will top the priorities of the debt talks to be conducted by the ministerial delegation headed by Jordan Eagles, which begins on Wednesday.

A ministerial source said that the prime minister personally asked the Ministry of Finance and the Central Bank to prepare a file detailing of debt owed by the Iraqi government since many years, stressing that the Iraqi side and through the process of preparing for the visit by the joint committees never willingness to resolve the file debt and the payment of Jordan dues for him to Iraqi government. According to the Arab newspaper (more…)

The conclusion of the visit of the officials acting USAID to follow the projects carried out in Iraq

12/09/2013 16:57
Baghdad announced that the U.S. Embassy in Iraq, on Monday, the conclusion of the visit of the officials at the U.S. Agency for International Development in Iraq and see the projects carried out in Iraq, in the areas of primary health care, and job creation, and support for the elections, and administrative reform. (more…)

11/12/2013 | 03:51 PM | Kuwait News

KUWAIT, Dec 11 (KUNA) — Leaders of the Arab Gulf states welcomed Wednesday Iraq’s compliance with UN resolutions related to border signs’ maintenance, as well as referral of Kuwaiti prisoners, missing persons and property to the UN mission in Iraq.

The leaders also condemned the firing of rockets from the Iraqi territories against Saudi border areas, considering it “unacceptable violation” of the international law and good neighborliness principles. (more…)

Iraq’s government is not doing enough of the fragile efforts to support investment and foreign companies, which face a constant battle against corruption and bureaucracy, as experts say.

The annual report of the World Bank on completion of annual business, which measure the commercial systems throughout the world, puts Iraq in the bottom of the list with his report for the year 2012, by three orders of Afghanistan. (more…)

12/07/2013

Carry Economists Iraqis on Saturday, “the new political order,” the responsibility of the deterioration of economic growth, and stressed that the increase in oil revenues, “tempts the governor to continue in office and increases the power of individual”, as attributed exceeded imports of 70 billion dollars in 2013 to “ignorance in water resources management helm, “called for” the formation of a body to manage financial resources managed by economists away from the political parties. ” (more…)

SUNDAY, 01 NOVEMBER / 1 DECEMBER 2013 12:45

Federal Government predicted Sunday the completion of the federal budget for the year 2014 within the next two weeks.

The most controversial point of the draft next year’s budget dues Kurdistan Region of Finance after the federal government sought to reduce the ratio to 10% instead of 17% compensation for financial losses she stopped by the region for the export of oil.

The Minister of State for Parliamentary Affairs purity of net debt for “Twilight News”, “The committee in charge of the follow-up file federal budget is still far from work did not end Manmha.” (more…)

11/29/2013 12:03

warned the parliamentary Economic Committee, the survival of the Iraqi economy is dependent on oil as a major source of the state, calling for a diversification of state revenues to avoid the financial problems of the country’s economic potential. (more…)

Screen Shot 2012-11-27 at 11.49.09 AMCBI issued a statement on the parliamentary and currency: the issuance of local currency bonds will improve the value of the Iraqi dinar

Monday 11/18/2013 04:34 am

He denied the CBI, what some of the media, about the timing of the direct project restructuring of the Iraqi currency and deleting three zeros of them, stressing that such timing is Matrouh now that this project is in coordination with the government and related institutions. (more…)

17-11-2013 06:33 PM
Baghdad (news) .. denied the CBI, what some of the media, about the timing of the direct project restructuring of the Iraqi currency and deleting three zeros of them, stressing that such timing is Matrouh now that this project is in coordination with the government and related institutions . (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…)

Baghdad, granting the House of Representatives by the Iraqi government for 3 days to send the general budget for 2014 to the Council, as the deadline before the start of the legislative recess in the event of non-arrival of the budget in the prescribed period. (more…)

12-11-2013 03:11 PM

Baghdad (news) .. Prime Minister Nuri al-Maliki during a meeting with the Chairman and Chief Executive Officer of Shell Oil, Peter Voser ready the Iraqi government to support companies operating in Iraq, including the shell so that they can complete their projects as soon as possible. (more…)

04-11-2013 10:33 AM
Baghdad (newsletter). Member of the Finance Committee, a Deputy from the Kurdistan blocs Coalition//Jimmy, to the need to adopt an economic plan to support the private sector and other productive sectors to achieve sustainable development in the country.

He said sources (News Agency): that Iraq lacks a clear economic plan and good despite the many plans being developed by the Ministry of planning and the Government but they did not meet the desired objectives, so that the economy needs the reforms adopted by the Government. (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…)

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…)

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Wednesday, October 16 1 / Okrudolf 2013

Deputy Prime Minister for Energy Hussain al-Shahristani said the Iraqi government is currently working on promoting free-market policy through the creation of new economic legislation suited to the global economic openness and that would encourage foreign investment, both direct and indirect. (more…)

World trade bank10/04/2013

A survey conducted by the Iraqi Ministry of Planning for a significant increase in the proportion of school drop-out, in parallel with recording a marked improvement in the living conditions of citizens, compared with the 2007 indicators.

At the same time detect and Deputy Minister of Planning Dr. Mahdi Keywords for the high proportion of chronically ill patients to 12% of the total population, is also believed that more than 50% of adults living with diabetes without knowing it. (more…)

Screen Shot 2012-09-20 at 9.26.27 AMFinancial representative demanding the Central Bank printed new currency with small groups to create a balance in the market

Baghdad/file News: the parliamentary Finance Committee, demanded on Tuesday, the Central Bank printed new currency with small groups to create a balance of the quantity in the Iraqi market.

Committee member, said Haitham Al-jubouri said in an interview with the news agency “that” the Commission recorded a shortfall of some categories of Iraqi currency particularly small groups owing to rapid circulation and damage between citizens “. (more…)

The Iraqi government announced a five-year plan to diversify the economy away from dependence on oil and the development of the industrial sector.

But may be in the case of implementation of the plan ushered in a new phase of recovery from the effects of war and international economic sanctions, which lasted for decades. The recovery was limited since the U.S. invasion in 2003 on higher oil production. (more…)

oooConfirmed the Finance Committee, Wednesday, that the year 2014 will see the deletion of zeros from the Iraqi currency, indicating that the deletion will be in coordination with the Central Bank.

Said committee member Abdul Hussein al-Yasiri in a statement that “the process of deletion of zeros from the national currency will begin in 2014, through an agreement with the central bank,” noting that “this project will lead to reducing the proportion of the national currency traded from 4 billion to one billion.” (more…)

filemanagerThe Finance Committee, unveiled Wednesday, that 2014 will delete the zeros of the Iraqi currency, indicating that deleting will be in coordination with the Central Bank.

Committee member Abdul Hussein Al-yasiri in a press statement that “the deletion of zeros from the local currency will start in 2014, by agreement with the Central Bank”, stating that “this project will reduce the rate of the national currency in circulation from 4 billion to 1 billion. (more…)

03 Sep 2013
Iraq granted Jordan a financial assistance of USD (25) million in from of crude Oil amounts.

The Official News Agency of Jordan, Petra, quoted the Minister of State for Media Affairs and the Official Spokesperson of the Jordanian Government, Mohamed al-Momani, as saying ”The Iraqi Council of Ministries decided to aid Jordan with USD (25) million that will be granted in form of crude oil quantity.” (more…)

Economic

03-09-2013 11:35 AM

Baghdad (news) .. A member of the Committee on the economy and investment MP / National Alliance / Amer winner, the need for Iraq to conclude economic agreements with developed countries Kalurbih and Asian countries to exchange experiences and develop local capacity.

said the winner (of the Agency news): The Iraqi government signed a series of economic agreements in various economic fields, which where a great benefit to the Iraqi side, but still is disabled, calling activated to support the Iraqi economy and promotion. (more…)

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. (more…)

Industrial development expert said at the United Nations [UNIDO] Ali al-Sudani said “the scourge of corruption hinder investment in Iraq.”

He said the Sudanese in a statement received news agency public opinion a copy of “out of Iraq from Chapter VII is an important event and embarrassment in the history of modern Iraq and a means important to bring about developments and gears quality levels of technological and scientific in all economic sectors, research and scientific, he also gives the financial and banking sector greater freedom and more credibility in dealing with global banks and in a form which provides financial cover depends upon by the foreign investor to enter into a large and important projects in Iraq. ” (more…)

07/08/2013 12:00 AM

Baghdad morning began major international companies put Iraq at the forefront of the most important in the world because of the high demand for advanced technology, especially in the telecommunications sector. was chosen Iraq by LG Electronics of states strategy, which will be launched by the latest at the same time in the world to market Iraq is of great significance for (LG) and announced that her pioneering expected to carry the name «G2» for launches by its «G», the brand’s most exclusive chosen to be the slogan for their phones special and distinctive, which would fall under its umbrella all phones elites smart «LG» . This will retain phones chains previous «LG» symbols and markings that campaign has launched without making any change them. (more…)

International Monetary Fund

recommended report issued by the International Monetary Fund for Iraq pace of structural reform to boost growth and job creation in the private sector, and the need to continue the good governance of foreign reserves at the Central Bank of Iraq and the Development Fund for Iraq.

The report recommended that display the Resident Representative of the International Monetary Fund for Iraq Ghazi الشبيكات during a press conference held at the Iraqi Business Council in Amman to “accelerate the pace of structural reform to boost growth and job creation in the private sector and the intensification of work for the Liberation of the foreign exchange market and the creation of a stable exchange rate and simplify the instructions of foreign currency . ” (more…)

Iraqi Ministry of Trade and Iraq’s Union for Chambers of Commerce Predict that the market will witness in the upcoming few months a qualitative trade movement after Chapter Seven sanctions imposed on Iraq were lifted. Iraq is expected to regain its normal position and its wide-spectrum international transactions; (more…)