Posts Tagged by Iraq
Central Bank Called by Private Banks and the Latter Calls for New Legislation
| February 18, 2012 | Filled under All Dinar Trade Articles |
The Iraqi Central Bank agreed to remove the restrictions impede the movement of “private banks” within the local market, announcing the lifting of uncertainty about some articles of the law of Iraqi banks in 2004. The Association emphasized the private banks reached the committee of the Central Bank and the Securities and private banks, some of the paragraphs to clarify…
Economic Parliamentary Calls for CBI to Set Controls for the Sale of Currency
| February 18, 2012 | Filled under All Dinar Trade Articles |
Baghdad, The Economic Committee in the Iraqi Council of Representatives, Friday, Central Bank of Iraq to develop controls and monitor the sale of hard currency, at the time carried the government and the executive committees of an economic responsibility to the fake currency entering the Iraqi market. A member of the Committee Mahma Khalil told the Kurdish news agency (Rn)…
WesternZagros Strikes Oil in Kurdistan
| February 17, 2012 | Filled under Other News |
WesternZagros Resources has made an oil discovery in the Upper Fars Formation at the Mil Qasim-1 exploration well in the Kurdistan Region of Iraq. Mil Qasim-1 Discovery Well (Garmian Block) Lower Bakhtiari and Upper Fars Formations Mil Qasim-1 was drilled to a total depth of 2,425 metres in December 2011 ahead of time and on budget. The well…
Iraq Decides to Implement the National ID Card Project Worth $ 260 Million
| February 17, 2012 | Filled under Other News |
Baghdad, The Economic Commission of the Council of Ministers said it has decided to implement the national ID card project during this year worth $ 260 million. A member of the Committee and Minister of Planning Ali Shukri, told the Kurdish news agency (Rn) that “the Economic Committee in the Council of Ministers decided to add $ 260 million to…
Hussain al-Shahristani Calls Britain to its Banks to Open Branches in Iraq
| February 17, 2012 | Filled under Other News |
Deputy Prime Minister for Energy, Hussain al-Shahristani Britain to its banks to open branches in Iraq to facilitate the work of foreign companies, while Britain confirmed its quest to encourage its enterprises to enter the Iraqi market. Shahristani said in a statement issued by his office, on the sidelines of a meeting, Chief Executive of the trade and investment in…
Not to Accept the Lowest Bid is Losing Billions of Dollars in Iraq
| February 16, 2012 | Filled under Other News |
Called for a number of businessmen, “the Council of Ministers and House of Representatives to reconsider the conditions for contracting and government tenders are avoiding exploitation in corruption, and calls upon the services of integrity to be aware of this issue and speed up the review it as part of their oversight role.” And called for “bind ministries to accept…
Iraq Warns of the Iraqi Economy is Affected by the Sanctions Imposed on Syria and Iran
| February 16, 2012 | Filled under Other News |
Warned adviser Iraqi List, Hani Ashur said of the economy is affected by the Iraqi sanctions imposed on Syria and Iran that has been reflected on the situation in Iraq is a threat of the need to develop procedures capable to face any crisis may weaken the Iraqi economy. Ashour said in a statement received radio copy of the Tigris…
Study: Iraq’s Oil Revenues Will Reach a Trillion and a Half Trillion Dollars Over the Next Ten Years
| February 16, 2012 | Filled under Other News |
Citizen – the follow-up predicted economic analyst Abdul Latif Salem Ugaili the arrival of Iraq’s oil revenues during the next ten years to a trillion and a half trillion dollars in the case of exploitation of oil well, and the discovery of oil fields other than through licensing rounds to come. He said Ugaili in his study of analytical: Do…
Baghdad ban threat fails to deter Exxon-Mobil, Total
| February 15, 2012 | Filled under Other News |
BAGHDAD – Iraq government threat to bar oil majors taking up exploration activities in the autonomous region of Kurdistan from participating in its next round of oil and gas licensing auction, has failed to deter French oil giant Total or US energy giant Exxon Mobil Corp. Exxon Mobil Corp will be barred from Iraq’s fourth oil-and-gas exploration licensing auction,…
Arabs Increasingly Relying on the US Dollar
| February 14, 2012 | Filled under Other News |
Arabs are increasingly relying on the US dollar to escape some of the economic repercussions of the Arab Spring. According to a study by New York’s International Peace Institute, Egyptians and others are choosing to use dollars rather than their own currencies. Iraq‘s central bank says that its dollars are sustaining Syria’s black market in currency, and in Libya, people line…
Central Confirms the High Sales of Foreign Currency
| February 14, 2012 | Filled under All Dinar Trade Articles |
The central bank said it did not reduce the sales of hard currency, but the imposition of measures to protect the country’s economy from deteriorating. The deputy governor of Bank of the appearance of Mohammed, according to (Rn), bank sales fell after the imposition of new measures for transactions of $ 200 million to less than $4 million last Thursday,…
Deputy Prime Minister Warns of Global Oil Companies Sign Agreements with the Kurdistan Regional
| February 13, 2012 | Filled under Other News |
Deputy Prime Minister for Energy, Hussain al-Shahristani said the international oil companies that sign agreements with the Kurdistan Regional Government by preventing her from participating in the licensing round next. Came during a meeting between al-Shahristani, the day after the opening of an oil platform managers of international oil companies and discussed with them ways to overcome the obstacles that…
Kirkuk: 600 Billion Dinars Allocations of Petrodollars and the Development of Regions
| February 13, 2012 | Filled under All Dinar Trade Articles |
The Board of Kirkuk to balance the preservation of the 2012 from my program petrodollars and the development of regions of 600 million dinars. Said Council President Hassan Turan Bahaa Eddin said that “for everyone to make determined efforts to take advantage of the huge budget accruing to the province this year, amounting to about 600 billion dinars, and seek…
Iraqi Trade Measures Begin to Convert Supermarkets to Invest
| February 11, 2012 | Filled under Other News |
Baghdad, (Rn) – The Iraqi Ministry of Trade said it had started proceedings convert supermarkets to the private sector, because it failed to promote their betterment economy since April 2003. Said Inspector General of the Ministry of Commerce Mohamed Hussein, Zan told the Kurdish news agency ( Rn) that “the General Company for supermarkets failed to promote the betterment of…
United States Will Not Reduce the Number of Staff of its Embassy in Baghdad
| February 11, 2012 | Filled under Other News |
Baghdad, The U.S. government has denied press reports that spoke of Washington sought to reduce the number of staff at its embassy in Baghdad in half, just two months after the withdrawal of the last of its troops from Iraq. Said Thomas Naidz Deputy Secretary of State for Management and Resources in a report contrary to some news reports, we…
Real Estate Board Could Help End Housing Crisis
| February 10, 2012 | Filled under Other News |
NAJAF – Iraqi policy makers are striving to draft a bill for the creation of a real estate board to make it easier for members of the public to build their own houses. Member of the acting Economic Committee Abdul-Hussein Abtan said it is hoped that the bill and the board will allow for the construction of thousands of residential…
Maliki Calls to Accelerate the Entry of Japanese Companies to Iraq, and Activation of the Agreements That Were Signed
| February 10, 2012 | Filled under Other News |
Prime Minister Nuri al-Maliki to speed up the entry of Japanese companies to Iraq, and communicate in activating the agreements signed by both sides. He pointed out that his recent visit to Japan that it was one of the most successful visits by, for experienced of agreements in the interest of the two countries and the development of relations between them.…
Iraqi Businessmen Shy Away from Iranian Currency
| February 9, 2012 | Filled under Other News |
BAGHDAD: Huge numbers of Iranian pilgrims visit Shia holy places in Iraq each year, but businesses have grown wary of transactions in the Islamic republic’s rial as it declines in value under sanctions. In Kadhimiyah in northern Baghdad, restaurants and shops that sell gold and clothes around the two shrines of Shia imams, Musa Kadhim and Mohammed Jawad, are crowded…
World Bank Calls for Iraq to Activate Single-Window System to Promote Investment in the Country
| February 9, 2012 | Filled under Other News |
Baghdad, The World Bank, the Iraqi government to activate the single window system and the formation of a committee of senior staff to facilitate the entry of foreign companies in order to promote investment in the country. The expert at the World Bank Majid picture, told the Kurdish news agency (Rn) announced today that “the Iraqi government request to activate…
General Company for Cars Intends to Contract with Hyundai
| February 8, 2012 | Filled under Other News |
BAGHDAD / Aswat al-Iraq: Iraq’s state-owned General Company for Cars has announced its intention to sign a contract with the South-Korean Hyundai Company to construct a complete manufacturing line within 3 years for the production of Korean Hyundai cars in Iraq. The Iraqi Company has already built up special car assembly and manufacturing lines, in its efforts to expand the…
Iraq Starts Exporting Oil from the New Port in Ten Days
| February 8, 2012 | Filled under Other News |
Port of Abu Flus, Basra – The Southern Oil Company, owned by the state said that Iraq will begin to download the raw of the first new port for the export of oil south of the country within ten days. Iraq plans to implement the expansion at a cost of $ 1.3 billion to export facilities in the port of…
Financial Debt of Iraq Seeks to Restore Parliamentary Foreign Next March
| February 7, 2012 | Filled under Other News |
Baghdad, the Finance Committee in the Iraqi Council of representatives, said they work in cooperation with the Ministry of finance to recover Iraq debts at March next March. She is a member of the Committee for Kurdistan Risalat Najib News (aknews) that “the parliamentary Finance Committee is currently working to recover Iraq’s funds during the month of March next, host…
Self-Sufficient Fishing Industry for Kurdistan
| February 7, 2012 | Filled under Other News |
DUHOK – Fish breeding projects will be boosted while imported fish will be cut back on in an attempt to capitalize on the growing popularity of fish in Kurdistan The Ministry of Agriculture is preparing a plan for this year in which to achieve self-sufficient fishing industry, which will include doubling government support for local fish breeding. “We seek…
CBI: We Have Three Times the Needs of the Iraqi Market in Hard Currency
| February 6, 2012 | Filled under Other News |
Baghdad, (Rn) – The Central Bank of Iraq, said what is available for hard currency has more than three times the needs of the Iraqi market, indicating that the Bank is exposed to “rumors” media are meant to destabilize the national economy. And saw the price of the dollar relative to local currency increased during the past few days, which…
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