Monthly Archives: June 2011
Kurdistan Region is Allocated 45 Billion Dinars for the Implementation of a Number of Medical Projects
| June 30, 2011 | Filled under Other News |
Erbil, (Rn) – The Minister of Health of the Kurdistan region, said the provincial government has allocated more than 45 billion dinars for a number of medical projects including the construction of medical clinics, and inviting 65 doctors specializing perform surgery, and heart disease to the region to provide emergency services to the citizens of Kurdistan. He said Taher Hawrami at…
Iraq Said To Be Planning Currency Overhaul: Redenomination
| June 30, 2011 | Filled under Other News |
BAGHDAD — A senior Iraqi Central Bank adviser says the government has adopted a two-pronged plan to restructure the national currency in order to facilitate large transactions and make government accounts more efficient, RFE/RL’s Radio Free Iraq (RFI) reports. Mudhhir Muhammad Salih, a member of the bank’s advisory panel, told RFI on June 23 that in the short term, larger banknote…
Oil Reserves Said to be Plentiful Even in Iraq’s Karbala
| June 29, 2011 | Filled under Other News |
Azzaman- It seems there is no spot in Iraq without its own oil reserves. Certain areas which were thought to be almost barren are emerging as potential reserve lakes of black gold. One of them is the religious city of Karbala, which for years has earned its livelihood from agriculture and tourism. But not anymore. The head…
Iraq’s Central Bank to delete zeros from Iraqi currency
| June 29, 2011 | Filled under Other News |
Iraq’s Central Bank announced that it is planning to delete the zeros from the Iraqi currency. This step is one of the bank’s strategic missions; the Central Bank said adding that the new currency will include the Kurdish language in addition to the Arabic language. “The zeros that were added to the Iraqi currency previously constituted a large money supply up…
Kurds Support Three-Region Iraq
| June 29, 2011 | Filled under Other News |
Erbil, (AKnews) – The Kurdish Blocs Coalition (KBC) has thrown its support behind a three-region Iraq. Iraq’s parliament speaker Osama Nujaifi, a Sunni Arab, recently called for the establishment of another region between Kurdistan and the rest of Iraq in a move to settle disputes between ethnic groups over the sovereignty of parts of Iraq. Aref Taifour, KBC member of parliament…
Hermes Datacomms Middle East Wins BP Contract Renewal In Iraq
| June 28, 2011 | Filled under Other News |
Dubai, United Arab Emirates- Hermes Datacommunications Middle East, a key specialist providing Wide Area Network communications to the upstream oil and gas industry has won a contract to continue providing VSAT communications to support BP’s operations in Iraq. Hermes will continue supporting degassing stations, rigs and static life support camps. Included in this contract renewal is additional bandwidth to the South…
Message from Phoenix ~ A Novel Solution to a Novel Situation
| June 28, 2011 | Filled under All Dinar Trade Articles |
I would like to explain a couple of things. First the removal of zeros. This is NOT a standard LOP! This is a novel solution to a novel situation. When they say “remove the 3 zeros” They are talking about the removal of the larger denominations the 25,000 the 10,000, the 5,000, the 1,000. Now at the exact same time that…
Financial Representative Denies Mentioning the Issue of Changing the Iraqi Currency
| June 27, 2011 | Filled under Other News |
Sulaimaniya, (Rn) – A member of the Finance Committee in the House of Representatives of Iraq, that the committee did not address the issue until now to change the Iraqi currency. She said Najiba Najib told the Kurdish news agency (Rn) that he “had not been talking so far in the Finance Committee representative on the issue of changing the…
Meeting in Jordan will be Attended by Iraq, UN, IMF, World Bank as DFI Protection Expires June 30
| June 27, 2011 | Filled under Other News |
Financial control: the end of the mandate of the Development Fund for Iraq in the UN Security Council next Thursday Detection of Supreme Audit mandate expires for the Development Fund for Iraq next Thursday June 30. The Court, in a statement received news agency the future, a copy of it, he will be handed over files to the Development Fund for…
U.S. and Iraqi Delegation Meet in Washington
| June 27, 2011 | Filled under Other News |
The President of the House of Representatives Osama Najafi, with his American counterpart, John Boehner on the formation of committees of the friendship between the parliamentarians of both countries to develop bilateral relations. He Nujaifi During the meeting, which took place in the building of the U.S. House of Representatives in Washington yesterday, “the need to build bridges between the peoples…
American Companies Discuss Potential of Investment in Basra
| June 26, 2011 | Filled under Other News |
BASRA / Aswat al-Iraq: The U.S. Commercial Attaché discussed with Basra’s Investment Commission the real investment atmosphere in the province during a joint conference between the U.S. Chamber of Commerce and the Iraqis. The discussions concentrated on cooperation to create a stage of partnership between local and American companies. The head of Basra’s Investment Commission Haidar Ali Fadhil declared…
Iraq Probes $17 Billion in Reconstruction Funds
| June 26, 2011 | Filled under Other News |
Iraqis are demanding to know what happened to $17 billion in Iraqi money that was part of a US-administered fund for rebuilding the country after years of war and sanctions that now cannot be accounted for properly. But US officials trying to trace the funds say the Iraqi government is not cooperating and has so far not allowed them access to…
Iraq Said To Be Planning Currency Overhaul, Redenomination
| June 25, 2011 | Filled under Other News |
BAGHDAD — A senior Iraqi Central Bank adviser says the government has adopted a two-pronged plan to restructure the national currency in order to facilitate large transactions and make government accounts more efficient, RFE/RL’s Radio Free Iraq (RFI) reports. Mudhhir Muhammad Salih, a member of the bank’s advisory panel, told RFI on June 23 that in the short term, larger…
KRG Plans to Build More Water Dams in the Region
| June 25, 2011 | Filled under Other News |
The Kurdistan Region now has three large dams. Director of Dams and Water Storage Akram Ahmed Rasul reported the agency has chosen more than 200 for dam construction in Kurdistan Region. Some dams are now under construction, including Hamamok Dam in Koya, Bawa Shaswar in Kifri and the Hassan Kanush Dam in Garmiyan. The current budget includes 28 billion Iraqi…
Interest-Free Agricultural Loans Available
| June 25, 2011 | Filled under Other News |
Agricultural bank gives up to 100 million ID to farmers to start or expand agricultural projects Any farmer who has or rents agricultural land can apply for a long-term, interest-free loan from the Agricultural Bank of the Kurdistan Region, following the decision of the Kurdistan Regional Government’s Ministry of Agriculture and Water Resources. The money is currently held in the…
Iraq’s Maliki Wants to Downsize Government
| June 24, 2011 | Filled under Other News |
Iraqi Prime Minister Nuri al-Maliki said Thursday he wanted to shrink his government and fire weak ministers to meet protesters’ demands for improved government services. In a final evaluation of his fragile government coalition following the passing of a 100-day deadline to improve performance, Maliki said most ministries had performed well, but weaker ones needed to be eliminated, and called…
Iraq Raises Salaries for Basra Oil Workers
| June 24, 2011 | Filled under Other News |
Baghdad, Iraq’s government said it was raising salaries at its southern oil terminals, following threats of a strike that would paralyse oil exports. “The cabinet decided to grant a 30 percent increase in salaries of employees at the oil terminals in Basra and in Khor al-Aamaya” near the southernmost Faw peninsula, government spokesman Ali al-Dabbagh said. He said the…
Economic Endeavour to Cooperate With Foreign Investment Plans Change
| June 23, 2011 | Filled under Other News |
Baghdad (news) .. trying to economic and investment commission parliament to hold agreements with foreign parties to open new horizons promote economic realities of Iraq and resuscitate. The Member of the economy, investment and MP / Iraqi List / Nahida Daini told the reporter Agency (news): “We have had several intensive meetings with foreign agencies in addition to Iraqi ministries in…
Iraq Decides to Help Japan With Ten Million Dollars
| June 23, 2011 | Filled under Other News |
Baghdad (Rn) – Iraq’s cabinet decided to help Japan with $ 10 million from the contingency reserve for the year 2011 Kigath what has been exposed, while meeting the demands of Japanese companies to import Iraqi oil. The Iraqi government statement received by the Kurdish news agency (Rn), a copy of it, “The Iraqi Council of Ministers Iraq’s cabinet decided to…
CBI Decides to Restructure the Iraqi Currency
| June 23, 2011 | Filled under All Dinar Trade Articles |
Baghdad, (Rn) – The Central Bank of Iraq decided to restructure the local currency in order to develop the payment system in the country. The appearance of Mohammed Saleh told the Kurdish news agency (Rn) that “the Central Bank of Iraq has decided to start the execution of the strategic and long-term specialized restructuring of the local currency to the development…
Private Equity in Iraq: A Once-in-a-Generation Opportunity
| June 22, 2011 | Filled under Other News |
Rapidly emerging as one of the world’s fastest growing economies, Iraq is a place that few global private equity investors can afford to miss; writes Zaab Sethna. Investor interest and activity are growing rapidly. The country is enjoying a rush of foreign direct investment in a broad range of sectors and the NGP Iraq20 Index, which tracks the 20 largest…
Recent Comments