Posts Tagged ‘United Arab Emirates’

gccPublished: 19:12 December 1, 2013

Dubai: Four Gulf Cooperation Council (GCC) countries will announce the introduction of a common currency by the end of December, a Bahraini daily reported on Sunday. (more…)

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Saturday, October 09, 2 / November 2013 10:50

Prime Minister Nuri al-Maliki for the U.S. to re-mediated normalization of relations between Iraq and Saudi Arabia.

Maliki said in an interview televised seen him and all of Iraq [where] “There is a role of mediation U.S. to restore relations between the two countries,” Yes they are doing now, this role has been tried before, “adding,” They [the officials Saudis] if they want to change direction and establish a level playing field and good neighborliness and common interests enjoy and stay easy and I’m ready to officials received them or to visit Saudi Arabia to end this dispute. ” (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…)

10/24/2013 12:00 AM

varied views of specialists in economic affairs around the central bank’s decision excluding 12 out of 32 banks waged from the auction currency for not achieving increased their capital to 250 billion dinars within the period set by the Bank For those banks, regarding an economist believes that this decision will impact on the reputation of banks, both domestic and external.

(more…)

wto10.10.2013 12:00 AM

counting Economists investment agreements and economic signed by Iraq with the countries of the world one of the important steps that pave the way for Iraq’s accession to the World Trade Organization because it is considered a first step towards collective bargaining.

Economist and academic, Dr. Acer Yassin said in a statement (morning): The “hold these agreements to the benefit of both sides through the exchange of experiences and attract investments and allow foreign investors and the Arabs.”

said Yassin said the Iraqi investment law gives the group guarantees and benefits for foreign investors, especially in the field of construction and reconstruction, these benefits have not benefited Arab investor in the past few years, as it did not try to invest in Iraq and the trend towards the Iraqi economy because of security conditions, so it must attract Arab investors to be construction projects pilot. (more…)

16-09-2013 12:39 PM
Baghdad (newsletter). Vice-Chairman of the Committee, said the Deputy of the Kurdistan blocs Coalition/Ahmed Faizullah, Neil Iraq ranked fourth on the world level in terms of its known oil reserves, with more than 140 billion barrels, and the proportion (11%), to the third place after exploring new oil fields.

He said Faizullah (News Agency): the International Energy Agency issued a report on oil reserves in the world, noted that Venezuela was ranked first with an estimated reserve (297) and 715 million barrels, and a percentage (23%). (more…)

Baghdad / Mesalla: the company issued (Wealth – X), specialized in the various information and details for the world’s rich and the distribution of wealth around the world, the 2013 report on the distribution of the world’s rich and their fortunes in the five continents.

According to the report, the total wealth owned by the richest man in the world comparable to (according to its estimates for this year) 27.8 trillion, owned by 199 thousand and 235 chandelier in the world, mostly concentrated in America. (more…)

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…)

8007The opening of the first branch of an American bank in Iraq

Editor: OK 24/6/2013 11:24

Citigroup, Bank announced Citigroup Alamerreqi the banking services, on Monday, to open an office in Baghdad to become the first U.S. bank to expand its services to include Iraq, betting in this his move on the long-term economic opportunities in the oil-rich country.

The bank said Citigroup Citigroup said in a statement quoted by the British newspaper Financial Times and seen, (Presse term), he said that “the bank will open on Monday, his first formal office in the capital Baghdad after receiving the initial approvals from the Central Bank of Iraq.”

(more…)

04/05/2013

BAGHDAD / JD / .. Said a new international report on global oil reserves that Iraq ranked 5 solution within the 10 states with the highest stock, came first in the Kingdom of Saudi Arabia.

According to the report, seen by Agency / JD /: 4 Arab countries of existing Samn, namely Kuwait, Saudi Arabia and the United Arab Emirates and Iraq.

10 prize has been solved Nigeria Banaati the oil up to 37 billion barrels, followed by Libya in the ranking 9 Banaati up to 46 billion barrels. (more…)

Head of the Investigative Committee on the accounts (DFI) with the Central Bank of Ahmed Chalabi and a Smuggling Dolaran by the central bank transfers abroad.

Chalabi said in a press conference held at the parliament building that “central bank sales of dollar in the 2006 – 2009 amounted to [207] billion [832] million, or an average of 56% of the total, and that the amounts sold times what Astorda Iraqi private sector in that period, “adding that” the difference between the import and what has transformed it is only for money laundering, “noting that” Iraq’s revenues from oil between 2006 – 2009 amounted to 370 billion and 847 million. ” (more…)

Editor: RS 26.03.2013 15:36

Term Press / Baghdad
Announced Crescent Petroleum Emirates, Tuesday, exceeded its investments in Iraq barrier $ 1.5 billion during the past five years, and as confirmed the presence of the potential for significant economic growth in Iraq due to rising oil production, which predicted that covers 40 percent of the needs of the world during the next two decades, called more reliance on UAE companies, which it said could “compete with foreign companies.” (more…)

March 17, 2013
Criticized Deputy for the rule of law continuity of Kuwait by taking money from the Iraqi people, describing it as a state is not cooperating with Iraq (more…)

AED 10 billion UAE trade and Iraq in 8 months

07/02/2013

BAGHDAD / JD / .. Record trade between the UAE and Iraq’s non-oil during the first eight months of 2012 to 3.1 billion dirhams, an increase significantly for the year, 2011 and who scored the entire 8.16 billion dirhams, including more than total trade between the two countries in 2011 whole, which amounted to about 6 .9 billion dirhams (more…)

01/30/2013

BAGHDAD / JD / .. Ministry of Transport announced Iraqi quest to join the train project Gulf, which starts from Kuwait and ends in the United Arab Emirates through Saudi Arabia.

said ministry spokesman Transport Karim Nouri / a JD /: that Iraq is seeking to be a part of a project train Gulf, as it represents its strategic level Trains in the area. (more…)

UNSC25/01/2013 | 06:44 PM | Kuwait News

UNITED NATIONS, Jan 25 (KUNA) ­­ Kuwait on Friday requested the Security Council to retain the issue
between Iraq-­Kuwait on its agenda for the year 2013.

In a letter to the Council’s current President Masoud Khan of Pakistan, Kuwaiti Ambassador Mansour Ayyad Al­
Otaibi said “I should like to notify you that the Government of the State of Kuwait wishes to see the following
item retained on the list of matters of which the Security Council is seized: The situation between Iraq and
Kuwait.” (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…)

Translation / Baghdadiya News / .. The Web site, newspaper Bloomberg, citing an official in the Iraqi Airways “that Iraq will pay $ 500 million in compensation to Kuwait in a few days to settle a dispute Iraq’s debt to Kuwait, which allows for Iraqi Airways to begin flights to Europe for the first time since 1990.” (more…)

Thursday, 06 December 2012 07:36 | |

London / Orr News

In November 2012 publication of the Institute of British Egatom his own index (annual prosperity), which covered 142 countries. Index is divided into eight categories are the economy, the efforts of business, governance, education, health, safety and security, personal freedom, and social capital. (more…)

13-11-2012 01:14 PM

Amid the recent boom in oil production in Iraq, Hoteliers must deal with corruption and lack of experience and that Atharboa for attracting weddings.

Coral Hotel in Baghdad is the first of its kind in Iraq, where most of the hotels are managed by the government or English-language ‘Let us that Nredakm’. At the entrance stands Ugandan boys dressed in a kaftan the Maroni color to greet the guests, dreamy music emitted from the hall of marble and wood. In the upstairs suite curtains hanging it polished up Price per night to $ 300. (more…)

01/10/2012

BAGHDAD / JD / .. Pat Iraq the focus of attention of real estate investors from the Middle East as it seeks to create about three million housing units over the next five years and the reconstruction of the country and infrastructure.

According to the Minister of Housing and Reconstruction of Iraq in a statement published by Al Bayan UAE, the government has allocated 120 billion from its budget in 2013 for this purpose, rising to $ 200 billion by the year 2015, which highlights the size of the effort required for the advancement of infrastructure and promotion of investment opportunities. (more…)

Date: 2012-09-14 14: 29: 21 Friday

Baghdad (News) … Financial expert stressed on behalf of the beautiful, the Iraqi dinar has begun recovering after the high value of demand in the Gulf banking markets, noting that the dinar rose worth either Dirham in Dubai banking market by (0, 26%) Evidence of the strength of the national economy. (more…)

09/08/2012

A report exchange market in Dubai for high Iraqi dinar against the dirham over the past week by 0.26%.

said, experts in a report published (statement) UAE: declined, relatively speaking, the movement of conversion, speculation and currency exchange last week in companies currency trading in the United Arab Emirates, and it coincided with the start of the new school year and the end of the holiday season, where decreases in this time of year liquidity in the forex markets (more…)

2012-07-19 22:41:51

BAGHDAD (Iba) .. Sunni Endowment announced that on Friday will be a complement for the month of August, and will be on Saturday the first day of the month of Ramadan. (more…)

03/07/2012 2:54

pay most of the economists of the banking sector much attention for his role in the development and there is a consensus that the banking sector has seen some shifts in its direction according to the shift in economic philosophy of the country in order to keep up with current developments in the world, and with the central bank and Ministry of Finance are working on improving tracks monetary and banking, but the reality of the situation and in general reflects the indicators hinder and limit the activity of this device with all its components. (more…)

24/05/2012

BAGHDAD / JD A delegation from the Civil Aviation Authority in the activities of the First World Summit for the aviation industry, which was held in Abu Dhabi for the period from 16-19/4/2012. (more…)

19-05-2012
The Director of Rafidain Bank Alckheon Zia, that the continued survival of Iraq under Chapter VII and the accumulation of external financial debt restricted the participation of the bank with global banks, pointing to the existence of a single post to the bank with a French Arab banks the amount of shareholder (30) million dollars.

He said Alckheon (of the Agency news) on Saturday: All the posts of Foreign Affairs of the Rafidain Bank is almost over, except to participate only with a group of Arab banks of France in Paris, the contribution of (30) million dollars, pointing to the existence of other participating with Bank of Africa, but shares a financial low. (more…)

BAGHDAD – Babinaoz (Reuters) – Iraq from nations involved in the Arab League summit on Tuesday to drop his debts in the period before the invasion and urged them to follow the lead of the United Arab Emirates, Algeria, which has already agreed to write off debts of Baghdad. Rafie al-Issawi said Iraqi Minister of Finance on the first day of the summit to be held in Baghdad for the first time after the war that Iraq has asked Saudi Arabia, Kuwait, Qatar, Libya, Jordan, Sudan, Egypt and Morocco to help him to settle his debts. (more…)

Foreign Minister Hoshyar Zebari on the importance of participation of States in the Gulf Cooperation Council summit in Baghdad and the best levels.

The Foreign Ministry statement received by all of Iraq [where] a copy of it today, that “Zebari held during the past few days a number of bilateral contacts with both the Foreign Minister of Saudi Arabia Prince Saud al-Faisal, the Prime Minister and Foreign Minister of Qatar, Sheikh Hamad bin Jassem and Foreign Minister of Bahrain Sheikh Khalid bin Khalifa, the Minister of Foreign Affairs of the United Arab Emirates Sheikh Abdullah bin Zayed, the Minister of Foreign Affairs of Kuwait, Sheikh Sabah Khaled Al-Sabah, to put them in the form of preparations for the Iraq and preparations to host the next Arab summit in Baghdad. ” (more…)

Tuesday, March 20 / March 2012 18:59

Announced that the U.S. Treasury Department to Deputy Secretary of the Treasury for Terrorism and Financial Intelligence, David Cohen, is currently visiting include Iraq, Lebanon and United Arab Emirates to discuss the international sanctions imposed on Iran and Syria in addition to the efforts of the United States continued in the fight against global terrorism. (more…)