Monthly Archives: August 2011
Americans Close Iraqi Air Space
| August 31, 2011 | Filled under Other News |
BAGHDAD / Aswat al-Iraq: The U.S.forces ordered that all Iraqi air space be closed, and all flights into the country be prevented until further notice. The source told Aswat al-Iraq that the Iraqi side received instructions from the American forces to close Baghdad International Airport until further notice, without giving any explanation or reasons for such closure. In April…
Parliamentary Finance Committee: There is no law forcing Iraqi currency in the trading of Foreign Affairs
| August 31, 2011 | Filled under Other News |
Baghdad (news) – According to a member of the Finance Committee and parliamentary deputy / Kurdistan Alliance / Church Haji absence of a proposal or bill in the House of Representatives requires the merchant and forces him to deal in Iraqi currency through import of goods, but he called for Iraqi traders need to deal in Iraqi dinars. Said Haji…
Baghdad: the Country’s Economy Will Grow in the Near Future
| August 31, 2011 | Filled under All Dinar Trade Articles |
Baghdad, (Rn) – The Finance Committee in the Iraqi parliament said that the country’s economy will grow in the coming period as a result of the government’s decision to grant advances to staff (100) salary at interest rates low. The Iraqi government represented by the Ministry of Finance has launched a project to grant advances to staff the value of…
Analysis: Iraqi Bank Sector Ripe But Reluctant for Bids
| August 31, 2011 | Filled under Other News |
(Reuters) – Foreign banks are hunting for stakes in private Iraqi banks as the sector appears ripe for investment and consolidation but local banks are reluctant to take partners, fearing a loss of control, banking officials say. Iraq’s financial sector is considered fertile ground for investment as the war-shattered nation rebuilds its vast oilfields and battered infrastructure eight years after…
Exclusive: Big Oil Companies May Have to Give Up Iraq Gas
| August 31, 2011 | Filled under Other News |
(Reuters) – Many of the world’s biggest energy companies may have to surrender most of the gas from Iraq’s vast southern oilfields to a processing and export project led by Shell, a final draft contract between Baghdad and Europe’s biggest company, obtained by Reuters, shows. Oil giants including Royal Dutch Shell (RDSa.L), BP (BP.L), U.S.-based Exxon (XOM.N), China’s CNPC, and…
Iraq Reviews Oil and Natural Gas Law
| August 31, 2011 | Filled under Other News |
BAGHDAD, (UPI) — Iraqi leaders need to approve the draft oil and gas law because oil wealth is the “only source” available to rebuild the country, a Shiite lawmaker said. The Iraqi Cabinet during the weekend approved a draft oil and natural gas law and passed it on to Parliament for endorsement. The agreement would trump existing laws governing the…
Higher Prices in the Markets Exacerbates the Iraqi Crisis With Limited Income
| August 31, 2011 | Filled under Other News |
Baghdad / agencies Prices of food and goods in the Iraqi market with the approach of Eid al-Fitr, which identified the Iraqi government on time next Tuesday, which exacerbated the crisis of the Iraqi people, which suffers a shortage of services, unemployment and catastrophic conditions. A number of Iraqis that they suffer from high prices at the same time…
Central Bank Accused of Sabotaging the Political Forces of the Iraqi Economy
| August 31, 2011 | Filled under Other News |
Baghdad / Orr News The Central Bank of Iraq and the existence of a hidden political forces did not identify to sabotage the economic reality and delay the project to delete the three zeroes. The deputy governor of the Central Bank of the appearance of Mohammed Saleh said that “political forces behind the sabotage and delay the advancement of the…
Central Bank Reveals Details of Iraq’s New Currency
| August 30, 2011 | Filled under All Dinar Trade Articles |
The central bank of Iraq said that the new Iraqi currency will increase by three zeros, indicating that he had conducted an extensive study concluded that the lifting of the zeroes will strengthen the value of the Iraqi currency. The deputy governor of Central Bank of Iraq in favor of the appearance of Mohammed in an interview with “Twilight News”…
Central Bank: Steps Taken to Reform the Currency System
| August 30, 2011 | Filled under Other News |
Ship and the Sea of the central authorities It seems that the steps taken by the Central Bank on the reform of the currency system began to take a serious turn towards the application, particularly with regard to lifting the zeros from the Iraqi currency, or what is known as the nominal switch of the old currency (current) and change…
Takeover Alert as Iraq Moves to Trim Banks
| August 30, 2011 | Filled under Other News |
Iraq wants to reduce its number of local banks by more than a third, creating as many as 15 takeover targets for international lenders seeking to gain a foothold in the country. The move follows last week’s disclosure that Standard Chartered has started discussions about the potential acquisition of a stake in Warka Bank, said the deputy governor of Iraq’s…
Eight New Power Stations Ready to Generate
| August 30, 2011 | Filled under Other News |
Baghdad, (AKnews) – Eight small power stations that run on diesel have been complete and are ready to start producing 240 MW of power in a bid to end the acute electricity shortages in the country, the Iraqi Electricity Ministry said. Ministry spokesman Musab al-Mudarres told AKnews that the stations are First Northern Baghdad, Jadiriya, First Qurna, Second Qurna, al-Farabi,…
Senior Economist Calls for Open Markets, Internal Promotion and Sale of Products of Small
| August 30, 2011 | Filled under Other News |
Baghdad (news) .. Called expert economic peace Sumaisem need to open internal markets to promote and sell products, small industrial projects such as “sewing workshops, carpentry, and other”, citing weakness of these projects to the lack of the marketing and promotion. The Sumaisem in a statement to correspondent Agency (news) on Monday “The lack of policies for promotion and marketing…
Design of a Project Aimed at the Distribution of Oil Derivatives Using E-card
| August 30, 2011 | Filled under Other News |
Baghdad (news)- Managed the Department of research and industrial development in the Ministry of Science and Technology of designing a project that aims to regulate the distribution of petroleum products at gas stations using the cards, electronic distribution software. He researcher Hamid North Musshib in a statement received by the Agency (news) copy of it: that the card electronic designed…
Eid holidays: Banks to be Closed for 3 Days; Stock Markets 5 Days
| August 29, 2011 | Filled under Other News |
7 days for public sector; 2 days leave with pay for private during Eid Banks in the UAE will remain closed on the first, second and third of Shawaal on the occasion of Eid Al Fitr. The UAE has announced that the first and second of Shawwal – the first two days of Eid Al Fitr – will be paid…
Iraq Cabinet Approves Draft Oil Law
| August 29, 2011 | Filled under Other News |
Iraq’s cabinet approved a draft oil and gas law on Sunday in a bid to finally pass rules regulating the country’s most lucrative sector after years of political deadlock. The law would govern the sector and divide responsibility between Baghdad and Iraq’s provinces but despite the lack of such guidelines, foreign investors have still poured in, signing 11 contracts to…
Nineveh Licenses $78 Million Hotel Construction Project
| August 29, 2011 | Filled under Other News |
Nineveh, (AKnews) – Nineveh Investment Board has licensed the construction of two hotels to the south and north of the provincial capital, Mosul. Investment Board chief Muwaffaq Yunis told AKnews that a Turkish construction company has undertaken the contract at a combined cost of $78 million. The first project, a five-storey hotel surrounded by landscaped gardens will be built…
Iraq Loses US$22 Million Due to “Extra” Eid Holidays
| August 29, 2011 | Filled under Other News |
Baghdad – Iraqi economists say the country will lose US$22 million because of “extra” holidays of Eid al-Fitr that the Iraqi government has announced. Eid al-Fitr, which follows the Muslim holy month of Ramadan, is usually three days, however, the Iraqi government last week extended the holidays to six days. Sectarian differences have been blamed for the doubling of the…
Heroine Hidden in Spices Seized in Erbil Airport
| August 29, 2011 | Filled under Other News |
Erbil, (AKnews) – About 1.5 kilograms of heroine hidden in spices was seized in Erbili international airport on Sunday, security authorities said. The Kurdish “passenger” was planning to take the pack of heroin to Netherlands, Frsat Dolamari, Kurdistan Region’s Drug Control Chief told AKnews. “After inspecting his stuff using sniffing dogs and optical devices, we found out that there…
Maliki Surprised Investigation of Corruption Within Commercial Bank has Haulted
| August 29, 2011 | Filled under Other News |
Maliki pushed forward whenever the issue of corruption in the Commercial Bank of integrity surprised to halt the proceedings. Revealed Iraqi Prime Minister Nuri al-Maliki and his actions several times to pay Private file corruption in the Commercial Bank of Iraq during the last period, but he surprised a halt proceedings (as he put it). Maliki said in an…
Economist Opinion: Raising the Ceiling of Credit for Active Imports
| August 29, 2011 | Filled under Other News |
Baghdad- Counting Economist Ahmed Abreha raise the ceiling of the credits offered by private banks, the government is good and positive because it will stimulate imports and help banks in the banking Ttaiwiraml foreign trade. The Economic Committee in the Prime Minister has revealed that she would soon put the controls that are approved under which private banks to open…
Editorial: Any Challenges Facing the Iraqi Economy?
| August 29, 2011 | Filled under Other News |
With live across the Middle East, mass protests in a scene demonstrates the need for freedom and democracy, seems to Iraq in an ideal opportunity to come forward rows in the region, there is a kind of relative stability provides the platform for economic growth, does not seem available now for the rest of the region, which means several opportunities for…
Iraqi White Party Feels the Obama Administration Wants to Keep Iraq Under Chapter VII
| August 29, 2011 | Filled under Other News |
Spokeswoman said the Iraqi bloc white high Nassif The list of negative attitudes toward the United States led by Iraq to keep Iraq under Chapter VII, has become known to everyone that this administration’s continuation of what Obama has done the previous U.S. administrations before and after 2003.” She said Nassif, in a statement received news agency public opinion (and…
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