Iraqi banking market need to enter the Arab and international banks

Iraqi banking market need to enter the Arab and international banks to support the local economy

Iraqi bankingBAGHDAD (Iba) .. Stressed financial expert Mohammed al-Samarrai, that the entry of the Lebanese banks sober for a career in investment banking and financial and banking services advanced is supporting factor and the assignment of the Iraqi economy, noting: that the financial market and banking Iraqi need to Mayssat banking giant was able to offer banking services real that is consistent with the need real.

Samarrai said in a statement singled out told the independent press (Iba): The market is Iraq’s economic need to enter Mússat banks Arab and international Kalpnan working to support the Iraq economy but be sure the credibility of these banks and how serious the real work, taking into account reciprocity with Iraqi banks in Lebanon. .. Continue reading »

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Calls to speed up the legislation of the oil and gas law

Calls to speed up the legislation of the oil and gas law

Iraqi oil and gasIraq will be a source of the world’s needs in the next 25 years BAGHDAD – Shaima Rashid \ called the Commission on oil and energy parliamentary to speed up enactment of a law of oil and gas to reduce the financial and administrative corruption was rampant in this sector, and sandbox according to the constitution, stressing that the formation of an ad hoc committee by the Federal Government and the Kurdistan region as well as producing provinces to develop a clear mechanism to get a result satisfactory to oil and gas law, recalling Altgariraly that Iraq will be a source of the world’s needs in the next 25 years.

said Vice Chairman of the Oil and Energy Committee on Dhari Fayad told the “Center Brief for the Iraqi Media Network” : The oil and gas law represents the spirit of the political process and motivation to work for building the institutions of state and government and the future of Iraq, noting that there are ways and many ways to solve and resolve all the problems impeding the adoption of this law. Continue reading »

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Parliament discuss the final accounts and read the budget

Tomorrow: Parliament discuss the final accounts and read the budget

budget talksBAGHDAD / JD / .. experiencing House hearing on Wednesday the second reading of budget law in 2013, in addition to discussing the final accounts with the finance minister and chief of staff Alrakabh financial.

According the information department of the House of Representatives: The agenda for the meeting (34) Wednesday (28) October , 2012 will vote on the draft law of Communications and Informatics and the first reading of the draft law of Animal Health. Continue reading »

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World Bank report on investment in the country is not encouraging

World Bank report on investment in the country is not encouraging

world bankBaghdad / agencies stressed economic expert on behalf of Jamil Anton that the recent report issued by the World Bank on investment in Iraq was “not encouraging”, and should benefit from the reform of the national economy, pointing out that the five-year plan the next will not achieve success without the presence of solutions to the problems of investment.

said Anton of the Agency news: there are many problems prevented the advancement process investment in the country, including related legislation legal and other routine and the banking system is evolving, all contributed disenchantment investors for investment, prompting the World Bank to the classification of Iraq among the countries in arrears to invest. Continue reading »

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You must study the budget law commensurate with the current stage

Fatlawi: You must study the budget law commensurate with the current stage

Fatlawi on the budgetFemale MP for mass citizen Hassoun Fatlawi, that the political blocs in the House of Representatives busy two things first issue of the federal budget and the second cramping that happened between the Kurdistan region and the federal government either case laws broken and on the shelves of the House of Representatives at the present time there is no interest in them and which ones amnesty and oil and gas, infrastructure and other laws affecting the political reality of the fact that no topics most important of them come in the first place.

Said Fatlawi newspaper “integrity electronic” that “the House of Representatives to speed up the approval of federal budget law for being the spirit of the state at the present time and determines state action during the whole year and draws the right path to revenue and must study properly for the failure to get any gaps where, noting” the need to crystallize this law with the best image including Itansp with the next phase. Continue reading »

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Iraq market index rose in Monday’s session financial

Iraq market index rose in Monday’s session financial

Iraq stock market ISXBAGHDAD / obelisk: general index of the Iraq market for securities in session, on Monday, to score 122.31 points, up by 0.16%, after it had recorded in the previous session 122.12 points.

The session witnessed trading of shares of 38 joint-stock company of the 84 companies listed electronically, and stock prices rose 16 companies the shares of 13 companies other circulation had fallen, and maintained nine companies listed electronically on prices rates without any change from the previous session. Continue reading »

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Iraq fastest growing in the world because of the high production

Bank of America: Iraq fastest growing in the world because of the high production of oil

Iraq 10k DinarUS bank confirmed that Iraq would be the fastest growing country in the world during this year and next year, with record high GDP 10.5%, attributing the cause to increase oil production, with the country expected to achieve a 9% growth rate until the year 2017.

The Bank of American Merrill Lynch in a report, “Iraq will be the country’s fastest economic growth in the world during the current year 2012 and next 2013,” noting that “GDP recorded a 10.5% improvement.” Continue reading »

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Will Iraq be the the fast growing economy on earth?

Will Iraq be the the fast growing economy on earth?

IraqThe Wall Street bank’s data shows that among all the major economies it tracks, Iraq will be the only country that will post double-digit-growth in 2012 – clocking a 10.5% improvement in GDP this year.

China will emerge as the world’s second fastest-growing economy this year, with 7.7% GDP growth. Meanwhile, the ten most important emerging markets will only grow at 5.5% this year, weighed down by problems in OECD economies, BAML data shows. Continue reading »

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3.5% growth of the Arab economy in 2012

3.5% growth of the Arab economy in 2012

Arab economyArab Monetary Fund forecast achieve Arab economy real growth of 3.5% during the current year, to rise a percentage point next year, due to the decline of the repercussions of the global financial crisis and the stability of oil prices, and rising demand for non- oil exports.

The report stated that many of the developing countries to support domestic demand and growth economic policies to counter-cyclical, stressing that those countries can not avoid an economic slowdown in the same time when these countries to be affected by continuing as a result of the deterioration in the advanced economies. Continue reading »

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Iraqi oil exports continue to boom and exceed 2.6 million b / d

Iraqi oil exports continue to boom and exceed 2.6 million b / d

Iraqi OilTwilight News / said the Iraqi Oil Ministry, Thursday, the country’s oil exports rose to 2.622 million barrels a day last month from 2.6 million barrels per day in the previous month.
The average selling price of $ 105.5 per barrel. Continue reading »

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Iraqi and Swedish companies will serve the national economy

Deputy: the idea of partnership between the Iraqi and Swedish companies will serve the national economy

Iraq Swedish FlagsBaghdad (news) .. According to a member of the Committee on the economy and investment MP / coalition in Iraq / Qusay Fri, importance of a partnership between local and international companies to develop its technical and scientific, noting that the idea of re partnership between Iraqi companies and Swedish serve the national economy.

Juma said (of the Agency news) today Tuesday: The diversity of international companies and entry to Iraq for the purpose of investment or holding a partnership agreement with local companies will have a positive effect for the national economy, in terms of gaining experience and transfer of developments in the developed countries. Continue reading »

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Residual funds of 2012 budget to be added to 2013 budget

Residual funds of 2012 budget to be added to 2013 budget

budget 2012-2013Karbala (AIN) –The Council of Ministers decided to add the remaining funds of 2012 budget to the budget of 2013.

The Minister of Planning, Ali Shukri, reported to the correspondent of AIN during his visit to Karbala province ”The Cabinet decided to add all the remaining funds of 2012 budget to the budget of 2013 ,” noting that “The funds will be listed for thier same allocations of 2012.” Continue reading »

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Iraq announces decline in the inflation index for the past month to..

Iraq announces decline in the inflation index for the past month to 1.2%

IraqThe Ministry of Planning and Development Cooperation of Iraq, Sunday, low monthly inflation index for the month of October last in Iraq rose 1.2 percent due to lower food prices and non-alcoholic beverages across the country.

As indicated annual inflation rate rose to 4.8 percent rate. He said ministry Spokesman Abdul Zahra al-Hindawi told a journalist, “The Central Bureau of Statistics of the Ministry of Planning completed the inflation report for the month of October 2012,” noting that ” the report was completed on the basis of field data collection for prices of goods and services components of the consumer basket of selected sample of outlets in all Governorates of Iraq. “ Continue reading »

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Trade Bank of Iraq: Retrieve billion from debtors through the

Trade Bank of Iraq: Retrieve billion from debtors through the legal process

Trade Bank of IraqBAGHDAD / obelisk: announced the Trade Bank of Iraq to restore the amount arrived billion dollars through the issues and lawsuits in Iraqi courts against foreign beneficiaries behind on payments during the year 2012.

The director of Trade Bank of Iraq Hamdiya dry for “obelisk” “The Trade Bank of Iraq earn more than a case against Mtbeefan defaults and late for various reasons and have dealt with them according to the law and was able to restore the amounts discharged and that nearly one billion dollars was by virtue of the lost.” Continue reading »

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deal with banks sober necessary to avoid money laundering

Expert: requiring traders to deal with banks sober necessary to avoid money laundering and currency smuggling

moneyBaghdad (news) .. Proposed economic expert Jalil al-Rubaie, controls obliges the Iraqi trader dealing with international banks sober in money transfers foreign to curb money laundering and smuggling of foreign currency.

Rubaie said (of the Agency news) on Thursday: The money laundering and smuggling of foreign currency, which appeared in the recently came through dealing Iraqi traders with banks are not known globally and is solid, led to convert large sums abroad without receiving goods.
Continue reading »

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World Bank representative in Baghdad: Iraq’s resources wasted at

World Bank representative in Baghdad: Iraq’s resources wasted at the expense of subsequent generations

world bankConfirmed the Special Representative of the World Bank in Iraq Marie-Helene a transition strategy Bank of partnership short-term partnership to medium-term for four years with Iraq, adding that this strategy will allow the World Bank to focus on three grounds which targeted financial management, economic development, as well as poverty . “Long” Ms. Mary Helen met at its office in Baghdad to Thorha issues and issues related to the relationship between the World Bank in Iraq:

 How do you see the recent developments that have occurred in the CBI?
– For that matter we do not have the subjective opinion specific, and we are well aware that Iraq is an independent country with sovereignty and must be respected its decisions, and the only thing that I can say as an observer from the outside what is happening is that the deal the government transparently with this subject and reveal the real reasons for what happened, and also to know the people and specialists reasons that prompted the government or any other bodies to take such actions .. We are here asking to preserve the independence of the central bank, it is important in a country like Iraq is witnessing development in the field of economy and seeks to attract foreign investment. Continue reading »

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Abawi looking with the World Bank representative in Iraq activities

Abawi looking with the World Bank representative in Iraq activities that the Bank seeks implementation in Iraq

world bankBaghdad (news) .. reviewed represented the World Bank in Iraq Marie-Helene during her meeting Undersecretary for Policy Planning and bilateral relations, however, Abawi, activities and projects that the Bank seeks to implement in Iraq.

said a Foreign Ministry statement received Agency (news) copy of it today Wednesday: The Helen confirmed its cooperation with Iraqi institutions in the areas of agricultural, industrial and service and investment in the implementation of World Bank projects in Iraq. Continue reading »

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95% of the people asked not to replace the ration card with money

Economist: 95% of the people asked not to replace the ration card with money

ration cardHe economist Majid picture, that “a referendum was conducted soon, between that about 95 percent of the citizens in the provinces, they demanded not to replace the ration card with funds distributed to individuals as stipulated in the final decision, what makes this decision contrary to the people’s desire to obtain food ration card. “

He predicted the picture in a press statement, “the occurrence of a major corruption in the distribution mechanism amounts, because a lot of people especially the poor do not have access to destinations distribution amounts, and would be difficult to find a mechanism soft to get money to all parts of Iraq, especially the rural areas of it, which predictor of repeating the experience of the smart card, “potential” lead to inflation and price increases by increasing the money supply. “ Continue reading »

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