Iraqi efforts to join the World Trade Organization
Due to resume Iraqi government negotiations for accession to the World Trade Organization in the coming months, in order to move the wheel of the economy and support the private sector in the country. ,
says director of the World Trade Organization and the Iraqi Ministry of Trade Tharwat Akram “Radio Sawa” Iraq needs to approve the inter legislation New allow for the transition to a market economy to complete the files to join. and help international organizations led by the International Agency for the Development of the United States (Aliwas any IDC) Iraq to join the World Trade Organization. , Continue reading »
The Iraqi economy shows signs of growth
A translation of the morning of the Iraqi economy shows signs of life remained brisk increase achieved in its oil industry and the decline in violence.
Iraq has been able with the help of international oil companies to raise oil production to 3 million barrels per day after that was no more than 2.5 million barrels per day before the US-led invasion in 2003. And expects the Iraqi government to expand this capacity to reach 10 million barrels a day within six years, something that will put Iraq in the ranks of major oil producers in the world. Continue reading »
Government seeks to achieve economic reform
BAGHDAD – Al Sabah Announced the government’s pursuit of rapid economic reform in the country within its plans for the advancement of all sectors during the next term.
This comes at a time when the Deputy Prime Minister for Economic Affairs, Rose Nuri Shaways work to promote cooperation in various fields with Russia. Continue reading »
Expert: Iraq State rich and don’t need for taxation
There is no reason to impose taxes in Iraq in all its forms and calls for enactment by Parliament,This call is incorrect, while States impose taxes trying to get public revenues for the development of its sectors, usually used by poor nations or when most State institutions managed by the private sector.
Warned Economist Abdul, taxation of goods by professions and Government, as “Crime” that the State is poor to impose.
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Iraq is investing $ 20 million in the stock market
Reuters reported that Zain Iraq mobile phone has invested nearly $ 20 million in its efforts to engage in the securities market according to a statement by its Executive Director.
“The Iraqi branch of the mobile phone of Zain Kuwait require the inclusion of its name in the shares of the Iraqi market for securities as part of the license of operation in the country, amounting to $ 1.25 billion obtained in 2007.
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The coming days will see a vote on the formation of the Iraqi national oil company
Oil and Energy Committee revealed the representative that the coming days will see a vote on the formation of the Iraqi national oil company
Member of the Parliamentary Committee on oil and energy Awad Al-Awadi told (News Agency news) on Friday that the Iraqi national oil company was abolished in 1986 by the previous Government that doesn’t want to Iraq and all of its assets were transferred to the South oil company. Continue reading »
Iraq will be affected by any future global economic crisis
Economist Hussein dispelled concerns star Iraqi economy was affected by the current European economic crisis, adding that Iraq was ready to world oil price fluctuations.
He said the star (News Agency news) on Wednesday: that Iraq take precautions of the probability of being affected by the international economic crisis, particularly after the European budget under barrel b (85), oil prices started falling even stayed between price (100-97 dollars). Continue reading »
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 »
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 »
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 »
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 »