Monthly Archives: January 2012
General Motors Top Seller in Iraq
| January 31, 2012 | Filled under Other News |
Fox News reports that General Motors (GM) sold approximately 35,000 vehicles in Iraq last year. The company’s Global Communications Officer, Klaus-Peter Martin, told Fox that the number was up from just 1,000 vehicles five years ago. General Motors manages the Middle East region from an office in Dubai, and markets its cars and trucks in Iraq through several dealers…
Iraq Begins to Link the Regional Import Electricity
| January 31, 2012 | Filled under Other News |
Baghdad, (Rn) – The Iraqi Ministry of Electricity and Federal, said it will begin the end of next month’s regional linkage process to import electric power as much as 150 mega watts. The Ministry of Electricity of Iraq in 23 of the last month, the hours of processing power to the provinces of Iraq of 10 hours per day, confirming…
Central Bank: Confirm the Face of the Growing Phenomenon of its Demand for Foreign Currency
| January 30, 2012 | Filled under Other News |
The Central Bank of its ability to stand against the growing phenomenon of potential demand for foreign currency as a result of the regional political situation and economic development. An official source at the central bank, told the independent press (Iba) .. That the situation and the complexities of regional in some countries surrounding Iraq and exposed him problems in…
Energy Commission: The Division of Profits of Oil and Gas Contained in the Constitution Provided Distributed to Citizens
| January 30, 2012 | Filled under Other News |
Confirmed to the Commission on oil and energy parliamentary that the legislation law to divide the profits of oil and gas is provided in the constitution distributed to citizens directly, calling to be of such internal issues among Iraqis exclusively. The head of the Kurdistan Region had demanded during a meeting, on Wednesday, in the resort of Salahuddin Special Representative…
Agreement to Start a Project Officially License a Fourth Mobile Phone Within Three Months
| January 30, 2012 | Filled under Other News |
Baghdad, (Rn) – The Commission services in the Iraqi Council of Representatives said it had agreed with the Ministry of Communications and Media Commission and communications need to address the problems of legal and administrative project license fourth mobile phone in preparation for the start of its implementation during the period up to three months. And waved Iraqi Ministry of…
Parliament Calls for the Central Bank to Raise the Price of the Dinar Against the Dolla
| January 29, 2012 | Filled under All Dinar Trade Articles |
The member of parliament Abdul-Hussein Abtan the central bank to work on raising the price of the dinar against the dollar and to improve the living conditions of the individual. Abtan said, according to the Agency (news): the central bank to do a study to raise the rate of the dinar against the dollar and foreign currency in excess of…
Exxon Scouts Already in Erbil
| January 29, 2012 | Filled under Other News |
Despite objections from Baghdad, ExxonMobil already has personnel on the ground in Iraqi Kurdistan, according to Reuters. Whiel the company has kept silent on its exploration agreement with the Kurdistan Regional Government (KRG), one central government regards as illegal, one Western industry source in Erbil told the news agency: “They [Exxon] are definitely here and they are definitely assessing…
Saddam’s Palaces Waiting for Investors to be Converted to Tourist Areas
| January 29, 2012 | Filled under Other News |
Baghdad / term On the north and south sides, the island of intermediate Saddam built complex presidential palaces on the outskirts of Tikrit, to see some of it built paradise on earth, and it seems he did not expect her departure days and become his palaces the 76 in Tikrit alone, government buildings and security and the homes of other…
Iraq Makes Sanctions Against Iran Ineffective
| January 29, 2012 | Filled under Other News |
The long border with Iraq undermines US and EU efforts to stop Iran’s nuclear programme with trade sanctions The US and EU have announced new sanctions in the hope of persuading Iran to abandon its alleged nuclear weapons programme, though how effective these will be is questionable. China, India, Russia, Turkey, Japan, and South Korea have already refused to go…
Iraq to Open New Oil Terminal in 10 Days
| January 28, 2012 | Filled under Other News |
Iraq expects to start oil exports from a new Gulf terminal in 10 days after delaying its ceremonial inauguration to finish pipeline connections and testing, Iraqi oil sources said. Iraq‘s oil minister said last week test-pumping of crude through the new single-point mooring (SPM) would begin on Wednesday, and the terminal would be ready to receive vessels in February. …
Trade: Informative Seminars Continue Bmaheh Iraq’s Accession to the World Trade Organization (WTO)
| January 28, 2012 | Filled under Other News |
Baghdad, confirmed that the Department of Foreign Economic Relations and Trade Ministry pursued the establishment of educational seminars to spread awareness of Iraq‘s accession to the World Trade Organization (WTO). Where has set up a seminar hosted by the Ministry of Culture headquarters was to provide an explanation diagram to define the audience the history and the emergence of the…
Official: Czech Rgbtaatha Show the Establishment of Four Refineries in Iraq
| January 27, 2012 | Filled under Other News |
Baghdad, (Rn) – The Office of the Deputy Prime Minister Hussein al-Shahristani said the Czech companies expressed their desire to establish four oil refineries in Iraq. A spokesman for the Office of Faisal Abdullah Al-Shahristani, told the Kurdish news agency (Rn) that “the Czech companies expressed interest in building four refineries of petroleum products in Karbala, Nasiriyah, Kirkuk and Maysan.”…
30 Investment Licenses Granted in Basra
| January 27, 2012 | Filled under Other News |
BASRA / Aswat al-Iraq: Basra’s Investment Commission announced that the granting of about 30 investment licenses in 2011 with a total cost of 1.101 billion Iraqi dinars. The head of the Commission Khalaf al-Badran disclosed that many foreign countries submitted offers to invest in the province, including companies from the United States, United Kingdom, China, South Korea, Turkey and the…
Iraq is Close to Ending the File on the Oil for Food Fund
| January 27, 2012 | Filled under Other News |
Baghdad, instructed the Iraqi government, the Ministry of Finance and Central Bank of Iraq to liquidate one’s oil for food and medicine in the form completely, and prepare for the cap ends after the registration of commercial claims trade creditors, which was considered one adviser Cabinet Hassan Akif b Almthinin for the chance to get out of Iraqi funds from the…
Central Bank: 20 Trillion Dinars Budget Deficit in 2012
| January 26, 2012 | Filled under Other News |
Baghdad, Central Bank announced that the budget deficit in 2012 is 20 trillion dinars, or 10% of GDP, confirming that the budget deficit by default and can be treated through the stabilization of world oil prices remain above the $104. The deputy governor of the Central Bank of the appearance of Mohammed Saleh, that “the budget deficit in 2012 of…
Obama Administration Continues to Keep the Pressure on Baghdad to Pass the Oil and Gas Law
| January 26, 2012 | Filled under Other News |
Western companies controlled almost entirely on the Iraqi oil market. Western producers have emerged as the biggest beneficiaries of the oil from the Iraq war. She analyzed the economic Antwena Juhasz: Prior to the occupation in 2003, the Western companies is able to enter Iraq, but after the occupation controlled almost entirely on the market Iraqi oil so it can…
Member of Parliamentary Finance Committee Announces Finding Half of the Missing $7 Billion
| January 24, 2012 | Filled under Other News |
Baghdad, Member of the parliamentary Finance Committee, Ibrahim Al Mutlag, announced finding half of the $7 billion, 8 trillion dinars, that were missing. They were paid incorrectly to the Ministries of Interior and Education. He told NINA “after the allocation of 2011 budget, amounts were taken from the 2012 budget to meet the requirements of spending, and this is a…
Iraq Oil Income in 2011 Leaps by 60 Percent
| January 24, 2012 | Filled under Other News |
BAGHDAD — Iraq‘s income from oil sales jumped by nearly 60 percent in 2011 compared to the previous year on the back of higher crude prices and increased exports, oil ministry figures published on Monday showed. Total exports of oil increased 15 percent to 790.5 million barrels of oil, or an average of around 2.17 million barrels per day (bpd),…
Adoption of the Fund Act to Recover Iraq’s Money
| January 24, 2012 | Filled under Other News |
BAGHDAD – Al Sabah Chamber of Deputies passed eight laws, notably provisions for nomination for President of the Republic and the Redemption Fund money Iraq and compensations and reward faculty members and education. In the fifteenth meeting, held under the chairmanship of Osama Najafi, Chairman of the House of Representatives and the presence of 172 cast ballots yesterday, the…
Talabani Will Return to the Country This Week After a Successful Surgery in Germany
| January 23, 2012 | Filled under Other News |
Patriotic Union of Kurdistan (PUK) announced that its Secretary-General President Jalal Talabani will return to the country this week after a successful surgery in Germany. Chairman of the Central Council of the party just Murat explained that Talabani would continue its work and particularly the success of the National Congress has previously invited and which will include strong political actors in…
Central Bank of Iraq Raises the Value of Iraqi Dinar
| January 23, 2012 | Filled under All Dinar Trade Articles |
Central Bank of Iraq announced that it revaluated Iraqi Dinar 3.4% in exchange with Dollar. This decision will affect the exchange rate of Iraqi Dinar against US dollar in Iraqi markets, Central Bank stressed. “During his daily auction of foreign currencies’ exchange, Central Bank raised the value of Iraqi dinar against the dollar with a percentage of 3.4% which counts…
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