Monthly Archives: January 2012
Ministry of Construction: Construction of 3 Concrete Bridges and Maintenance of Roads in the Salah al-Din Cost 34 Billion Dinars
| January 22, 2012 | Filled under Other News |
Baghdad – and babysit – Minister of Construction and Housing Mohammed Darraji that the General Authority for Roads and bridges concrete has set up three bridges in addition to the maintenance of a number of roads and bridges in the province of Salah al-Din a total cost of 34 billion dinars. And the transfer of Darraji Noting that the ministry’s…
Prime Bank Economics: Lifting the Seventh Item on Iraq Would Give the Iraqi Banks to Deal with the International Banks
| January 22, 2012 | Filled under Other News |
Baghdad, Chairman of the General Economy Bank Husam Obeid on the importance of removing Iraq from Chapter VII as a grant to the Iraqi banks to deal with the international banks. Obaid said in a statement to the Agency (news) on Saturday: that Iraq is still bound in the seventh item by the United Nations, which impact on the work…
Parliamentary Finance: Delete the Zeros from the Currency Needs to be Two and Three Stages
| January 22, 2012 | Filled under All Dinar Trade Articles |
Baghdad, A member of the Finance Committee MP Haitham Jubouri that the process of removing zeros from the currency needs to be two and three stages. He explained in a press statement: “The stages of the deletion of zeros from the currency, divided into three phases, first phase, lasting six months to provide services printing, while the second phase of…
M:Communications to Support Zain IPO
| January 22, 2012 | Filled under Other News |
PRweek reports that the Iraqi unit of Kuwaiti telecoms company Zain has hired PR agency support in advance of its listing on the Iraq Stock Exchange. The firm has been planning an initial public offering (IPO) in Iraq since the summer and has asked London-based M:Communications to support communications relating to the listing process. M: will provide PR and…
Iraq to Use Chinese Surveillance Systems
| January 21, 2012 | Filled under Other News |
Iraqi authorities plan to install about 250,000 surveillance cameras in Baghdad in an attempt to reduce insurgent attacks in the capital, according to Aknews. The Chairman of the the Security Committee of Baghdad’s provincial council, Abdul Karim al-Tharb, told AKnews that the council has allocated about 10 billion Iraqi dinars (about US$8 million) to the installation of the security systems,…
Zaha Hadid Lands on Shortlist to Design Iraq’s $1 Billion Parliament Building
| January 21, 2012 | Filled under Other News |
Bagdhdad native Zaha Hadid has landed on the shortlist to construct a new $1 billion building for the Iraqi Parliament in the city of her birth, and is now busy at work on its design. Does that mean we can expect a new deconstructivist Iraq? Since 2010, Hadid has already been designing a new headquarters for the 37-story, estimated $500…
Jordan Contractors Invited to Join $40 Billion Iraqi Reconstruction Plan
| January 21, 2012 | Filled under Other News |
Iraqi Housing and Rehabilitation Minister Mohammad Darraji has urged Jordanian construction firms and contractors to establish a foothold in Iraq, saying Jordanians have a real opportunity for contributing to Iraq‘s huge rebuilding projects for which the government has allocated $40 billion in 2012. Darraji made the remarks during a meeting with Jordanian Minister of Public Works and Housing Yahia Al-Kasbi…
The Central Bank Raise the Price of the Iraqi Dinar Against the Dollar
| January 20, 2012 | Filled under All Dinar Trade Articles |
Baghdad, Central Bank of Iraq said raising the price of the Iraqi dinar against the dollar by 3.4%, confirming that the decision would affect the exchange rate of the dinar against the U.S. dollar in the Iraqi market. The deputy governor of the Central Bank of the appearance of Mohammed Saleh in an interview for “Alsumaria News”, “The Bank’s…
70% Jump in US Companies Considering Iraq
| January 20, 2012 | Filled under Other News |
The Iraqi Embassy in Washington DC dealt with nearly 5,000 applications from American companies hoping to do business in Iraq last year, a 70% jump from 2010, according to an article from Chicago Business. Among the companies mentioned are the Schaumburg, Illinois-based manufacturer Quality Float Works Inc., which mades devices to control liquid flows in machinery. Another is Navistar…
Saadi: The Financial Sector Needs to Support the Central Bank
| January 20, 2012 | Filled under Other News |
Invited to benefit from the observations the World Bank on it BAGHDAD – Yasser Mutawalli Said a specialist in the capital market and a strong economic relations between the aspects of cash and securities markets as a result overlaps the big decisions taken by the monetary authority, including an impact on both sides of supply and demand for securities.…
Iraq Urges Iran to Keep its Oil Flowing Through Gulf Waterway
| January 20, 2012 | Filled under Other News |
Baghdad, Iraq urged Iran not to close the strategic Strait of Hormuz, where most oil exports from the Gulf to the West pass, arguing that exporters have an interest in a stable world economy. Iran is threatening to shut down the strait over stepped-up Western sanctions on its nuclear program, but such a step would also hit Iraq hard. Iraqi…
World Bank Hails Iraq’s Accession to the Initiative of Transparency International
| January 19, 2012 | Filled under Other News |
The World Bank praised Iraq‘s accession to the International Initiative for transparency in the extractive industries, with parliamentary sources informed that the International Monetary Fund called for the House of Representatives not to enact laws that tied for the Iraqi economy which seeks to integrate with the global economies. The Special Representative of the World Bank in Iraq, Mary Helen…
Kuwaiti Proposal to Invest Part of the Compensation in Iraq
| January 19, 2012 | Filled under Other News |
Khandan – said Deputy Prime Minister and Foreign Minister of Kuwait Sheikh Sabah Khaled Al-Sabah said his country is keen to develop what he called a road map to help Iraq to complete the implementation of Security Council resolutions, and pointed to Kuwait’s readiness to stand with Iraq and assist in the fulfillment of the requirements and international obligations a year…
UNSC Gets Update on Iraq”s Compliance with Compensation Fund
| January 19, 2012 | Filled under Other News |
UNITED NATIONS, UN Security Council got an update from the UN Secretariat on Iraq’s compliance with its Compensation Fund and disarmament obligations. “There is no change as a result of the consultations. It was a quick update, ” British Deputy Permanent Representative Philip J. Parham told KUNA following the closed-door consultations. The UN Controller Maria Eugenia Casar briefed the…
Haitham al-Jubouri is Expected to Delete the Zeros of the Iraqi Dinar End of 2013
| January 18, 2012 | Filled under Other News |
BAGHDAD / Nina / signed by the parliamentary Finance Committee Haitham Jubouri currency to be replaced by deleting three zeros from the end of 2013. He said in a statement to the Agency for National Iraqi News / Nina / Today: “The process of replacing the currency will be three stages of the first printing of new currency and the…
Ministry of Oil: Running a Project to Increase the Export Capacity of the Southern Ports End of the Month
| January 18, 2012 | Filled under Other News |
BAGHDAD (Iba) … announced the Ministry of Oil for the operation of the project for increasing the export capacity of the southern ports later this month. According to a ministry statement said the minister, Abdul Karim and coffee chaired a special meeting project increase the export capacity of the southern ports of Iraq in the presence of Deputy Minister Ahmed…
IMF Calls for Iraq Not to Enact Laws That Shackle the Economy
| January 17, 2012 | Filled under Other News |
Revealed the parliamentary finance committee said that the International Monetary Fund called for in his recent visit to Iraq, the House of Representatives not to enact laws that contribute to undermine the growth of the Iraqi economy, indicating that the legislation of laws increase the operational budget at the expense of investment irritated the International Monetary Fund. A member of…
Dollar Trading Phenomenon Invading Iraqi Markets
| January 17, 2012 | Filled under All Dinar Trade Articles |
BAGHDAD – Bashir Khazaal Many trading the U.S. dollar in most commercial transactions within the Iraqi market, especially after 2003, and became easy to be performed of any person regardless holdings of U.S. currency in the supermarket or even when the owners Bsttiyat of cigarettes, it is no longer limited to the shops banking which were approved, the work in…
Economists: Rid the National Currency of the Dominance of the Currencies of Neighboring Countries is Important for Economic Stability
| January 17, 2012 | Filled under Other News |
Baghdad, AMSA Iraqi economy vulnerable to shocks and fluctuations in exchange rates of neighbouring States as Iran and Syria against the US dollar as it would on a market economy, local prices because most of them imported. With economists advised the need to work on the development of all economic sectors to spare the Iraqi economy regional and external variables.…
The Launch of the Introduction of Electronic Clearing Instruments Magnetic
| January 17, 2012 | Filled under Other News |
After the central bank set the beginning of 2012 to implement Baghdad’s Yasir incumbent – Hussein Tgb Tamimi Started Iraqi private banks launched the use of clearing system E, passed by the Central Bank of Iraq and stay with her implemented by early 2012 after that succeeded in overcoming all the mistakes possible. This was announced (morning) Director Executive…
Deputy Governor of Central Bank: the Seventh Item Tying Iraq Economically and Must Move Forcefully to Get Out of Tailth
| January 16, 2012 | Filled under Other News |
Baghdad, called on the Deputy Governor of the Central Bank of the appearance of Mohammed Saleh, the Iraqi government to take action at the international level to raise the country from Chapter VII in order to create the right climate for the entry of major global companies. Said the benefit (of the Agency news) on Saturday: The exit of Iraq…
Expert: General Budget Burdened with Unnecessary Paragraphs Should Be Repaired
| January 16, 2012 | Filled under Other News |
Economic expert criticized the contrary goldsmith restructuring the financial budget that the General operating expenditures are still large at the expense of investment. The jeweler said on Saturday: The budget suffers a lot of unnecessary paragraphs through the doors of the exchange, causing Hdrickber of funds, and must be a process of reform of the budget prior to release. …
Central Bank Indicates Risk Impoverishment Syria and Iran on Iraq
| January 15, 2012 | Filled under Other News |
The central bank, Friday, for the economic sanctions faced by Syria and Iran began to clear the risks and the great demand for foreign currency in the auction, financial, stressing that the Iraqi dinar value will not be affected by the presence of the largest reserves of hard currency in the history of Iraq. The central bank adviser said the appearance…
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