Iraq alter the balance of power in OPEC and pay the secretary

Iraq alter the balance of power in OPEC and pay the secretary-general has Balgillan

 Miami Herald newspaper said in its report that Iraq has the ability to change the balance of power in OPEC because of the broad areas of growth and the large oil reserves.

It is believed that hinder the rapid expansion of Iraqi oil production efforts of the Organization of Petroleum Exporting Countries (OPEC) to influence world oil prices, so that the country is emerging as a major player once again after it has been marginalized for 20 years as a result of wars and economic sanctions. Continue reading »

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The Iraqi stock market ended higher by (0.090) points

The Iraqi stock market ended higher by (0.090) points

 Iraqi stock Market closed the Iraqi stock market for its securities Alaotaidadah, Monday,,,, up by (0.090) points.

 The Information Office of the market in a statement received / Baghdadiya News / copy it, that “the Iraqi market index record at the close (116.85) and the rate of change amounted to (0.90),” noting that “the value traded recorded (864,343,627), while the traded shares (1,365,262,439)” .

He added, “During the trading session (28) out of a joint stock company (84) companies listed electronically,” pointing to “the high price of shares (13) company, while the prices of stocks (11) company.” Continue reading »

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Iraqis reduces below poverty line to 16% from 23%

Iraqis reduces below poverty line to 16% from 23%

The number of Iraqis under poverty line has been reduced to 16% of the country’s population of more than 30 million people from 23%, said Labor and Social Affairs minister.

The minister Nassar al-Rubaai said one main reason for the drop in poverty has been the country’s social security network and the interest free loans the ministry extends to low-income families to start small businesses. Continue reading »

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Change the form of Iraqi Dinar does not need a new law

Change the form of Iraqi Dinar does not need a new law

Al Sabah said the decision of the Economic Commission Deputy Mahma Khalil, that change the shape of the Iraqi dinar after you delete the three zeroes of which does not require new legislation of its own because the law of Iraqi banks allowed the central bank to issue a new Iraqi dinar and select the shape.

Khalil said: Although the Constitution Iraqi refusal to issue or print a new Iraqi dinar and selection form by the Central Bank without new legislation permits this, but that the law of the Central Bank of the year (2004) grant the central authority to change the shape of the Iraqi dinar and issued new look. Continue reading »

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Attract a financial or economic alienation?

Attract a financial or economic alienation?

The problem of economies in transition in Iraq from 2 to 3 d. the appearance of Mohammed and the other: the process of integration: The achievement of wealth, capital of financial civil, a process of integration of any integration with the global market very liberal, which has an incubator with a broad spectrum of markets, the transition infrastructures integrated functions.

Any transfer of wealth to financial wealth under-take a full financial climate transferred to the local liberal rights and obligations to offer very broad international diversity in the international financial market, which we call the writings in the previous financial capital negative! Continue reading »

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ECB is ready to provide further support to the banking sector in

ECB  is ready to provide further support to the banking sector in the euro area

 Mario Draghi said the President of the ECB said the bank is ready to provide further support to the banking sector in the euro area when necessary.

 He told a conference in Frankfurt “European System will continue to provide liquidity to banks operating when needed.”

And increased the general elections in Greece, Sunday, fears of further instability in financial markets. Continue reading »

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World Bank chief warns developing countries of the European debt

World Bank chief warns developing countries of the European debt crisis

 World Bank President called on the outgoing Robert Zoellick developing countries to prepare for the severe global financial crisis if you can not deal with the euro zone from its current problems.

Zoellick said in an interview with the media, “that developing countries should prepare for the worst because of the ambiguity of the next phase, he said, adding that the uncertainty caused by the debt crisis in the euro area and their impact on global financial markets in the event of unresolved problems remain unresolved. Continue reading »

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Free Economic Zones an essential building block for the prosperity of

Free Economic Zones an essential building block for the prosperity of the national economy

Agreed by all MPs and economists, that free zones where a lot of pros that will revive the national economy, especially in developing countries.

and encourages MPs and economists steps we like more than a free zone for the exchanges of international trade on the territory of Iraq, given his country’s geographic location linking the continents of Asia Europe via the Gulf, and they confirmed (the Agency news) that it is one of the means of developing the Iraqi economy and raising its standards. Continue reading »

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Share of surplus oil revenues must be for the poor “exclusively”

Member of the Economic Committee: Share of surplus oil revenues must be for the poor “exclusively”

The member of the Economic Commission MP Abdul-Abbas Hammoud broadly, the continued work to identify the beneficiary of the share of surplus oil revenues, emphasizing that they should be limited to the poor and disadvantaged groups only.

said Xiaa (of the Agency news) on Sunday: The share of ( 25%) of surplus oil revenues to be distributed after the end of the instructions being prepared by the Ministries of Planning and Finance shall be limited to the poor and disadvantaged and those with limited income and a network of social welfare and those who do not have a source to help them and not at all strata of society. Continue reading »

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There is no mechanism to control the rising food prices during Ramadan

Resan: There is no mechanism to control the rising food prices during Ramadan

 A member of the House of Representatives for the Liberal bloc Abdul Hussein Resan the absence of any mechanism to control the rising prices of food products during the period preceding the month of Ramadan, which will last until the end. “

 Husseini said the agency / Baghdadiya News / “The committee does not have any mechanism to control the rising prices of food before and during the holy month of Ramadan Continue reading »

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Replace the existing Iraqi dinar without zeros and new symbols

Replace the existing Iraqi dinar without zeros and new symbols will enhance the confidence

Said economist Maytham and coffee, that the proposal to replace the Iraqi dinar with another, “demilitarized” zeros and switch symbols fee (ziggurat) is the culmination of the efforts of the monetary authority to stabilize the Iraqi dinar exchange rate.

said coffee (of the Agency news) on Saturday: The plans and ideas of the Central Bank in currency exchange is the culmination of the efforts of the monetary authority in stabilizing the Iraqi dinar exchange rate, indicating, that this process will not affect the value of real currency will be just the feminine of the coin and make it look more handsome. Continue reading »

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The gold price continues to rise due to increased demand

Expert: The gold price continues to rise due to increased demand

Baghdad- According to economic expert Ghazi Kanani, that the fluctuation of gold prices caused by economic crises, and disparities in the amount of gold offered compared to demand it.

said Kanani (the Agency news): The price of gold fluctuates up and down the result of the economic crisis, as a result of lack of supply of gold and increasing demand, high and low exchange rate of U.S. currency and the impact of the euro area economic crises surrounding. said Kanani: In the event of a fall in gold prices is the decline of my time, Continue reading »

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Rising Iraqi dinar as a result of Central Bank reserves

Abd al-Husayn al-yasseri:: Rising Iraqi dinar as a result of Central Bank reserves

 Financial Committee member explained Deputy National Alliance, Abdul Hussein Al-yasseri, Iraqi dinar exchange rate against the US dollar of Central Bank reserves.

He said Al-yasseri  on Thursday: improvement of the strength of the Iraqi economy and the Central Bank reserves and the presence of the private sector in private banks to raise exchange rate contributed to the Iraqi dinar and the existence of the positive balance of payments shows some foreign countries ‘ exports of goods over imports of all of these factors lead to the lifting of the dinar exchange rate against the US dollar. Continue reading »

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Iraqi planning distribution of 25% its oil revenue of oil

Iraqi planning distribution of 25% its oil revenue of oil to citizens by the end of the year

The Iraqi Ministry of Planning Tuesday it is nearing completion of the finalization of the basic instructions for the distribution of share of oil by 25% on the population by the end of this year, according to what passed the House of Representatives.

The Minister of Planning Ali Shukri, told the Kurdish news agency (Rn) that “it Diwani formation of the relevant committee for the distribution of 25% of oil imports to citizens not issued until now.” Continue reading »

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Tariff

Tariff

Yasser incumbent everyone agrees of experts and specialists and government officials on the importance of a law on customs tariff. for his contribution to the achievement of financial resources are added to the budget revenues on the one hand and to protect domestic production and on the other Bmayshm to organize and control the entry of goods into the country .

eight of a law on customs tariff Aoikrb easier to Iraq to join the World Trade Organization, which provides a system of conditions Aotharia Aoukanon regulating the entry and exit of goods and commodities to the country It is known that since Iraq is seeking to approximately 6 years old to join this important organization, has formed a technical committee comprising of experts from relevant ministries meet regularly for this purpose. Continue reading »

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Preceded by concessions to the states reluctant to invest in Iraq

Governmental assurances preceded by concessions to the states reluctant to invest in Iraq

 BAGHDAD Iraq: no longer paragraphs legal protection for the money Arab and foreign investors, and included in the new Iraq investment law, sufficient to persuade the countries that entered the investment of very large in the sectors of oil, housing and industrial projects inside Iraq, and here began the search for further protections ,
and this is what I realized recently by Japan, where quick to force the Iraqi government to sign a bilateral agreement regarding the protection of their funds in the event of any emergency in this country which has not seen a security and political stability for decades. Continue reading »
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OPEC basket price falls to 94.99 dollars on Tuesday

OPEC basket price falls to 94.99 dollars on Tuesday

 OPEC said on Wednesday that the price of its basket of crudes standard fell to 94.99 dollars a barrel on Tuesday from 97.34 dollars the previous day. consists OPEC basket of 12 crude is a mix deserts of Algeria and raw Gerasol Alonjula and raw Iranian Heavy,
Basra Light of Iraq and export of Kuwait Sidr and the Libyan and Nigerian Bonny Light and sea country, Saudi Arabian Light and Murban UAE and Mary Orient of Venezuelan and Ecuadorean  Continue reading »
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Sell the dollar right decision will save the value of the Iraqi dinar

Allow for (40) waged a bank to sell the dollar right decision will save the value of the Iraqi dinar

Iraqi dinarBaghdad (news) .. Praised the Finance Committee MP / National Alliance / Haitham Ramadan Jubouri, the decision granting (40) Musrvat civil strife leave to sell the dollar, calling it a good decision will reduce the price of the dollar against the Iraqi dinar and facilitate the sale.

Jubouri said (of the Agency news) said on Wednesday: The decision of the Parliamentary Committee granting (40) banks, civil strife leave to sell the dollar will increase the dollar amounts involved, which leads to lower its price in front of the Iraqi dinar, noting that the multiplicity of private banks would stimulate the private sector. Continue reading »

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