A quarter of Iraqi below the poverty line….

A quarter of Iraqi below the poverty line….

A report published by the BBC and the presence of 23% of Iraqi today live below the poverty line, indicating that they are in dire need of government support. Said the BBC in the report: that Iraq spent about 5 billion annually on food distributed to the population, and that on the west bank of the Tigris River in northern Baghdad, standing silo, one of the remnants of rare British rule in Iraq, has built the Hermitage during World War II for the purpose of feeding the British soldiers, and on the right on its side stand the structure of the longest of which was built in 1962 by the Soviet Union, when the Iraq deal briefly with the communist countries’ .

There were several trucks loaded with sacks of rice and wheat moving to unload its cargo, and all around were Swarms of pigeons looking for grains falling. The report said that ‘the place owned by the grain in Chit’s state-owned, imported rice and wheat to be distributed to the population, and is stored about 12 thousand tons of wheat, which represents a small portion of what items imported Iraq every month, which amount to a quarter of a million tons, and the vast majority of Iraqis get their share of almost free. “For more than two decades, the Iraqi government took over the management of distribution system in a large-scale, as citizens to get through it very necessary items at nominal prices. Continue reading »

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Share (25%) of surplus oil revenues should be distributed to citizens

Member of the Legal Committee: the share (25%) of surplus oil revenues should be distributed to citizens without hesitation

Called a member of the Legal Committee MP Jinan Abdul-Jabbar Albraism, House of Representatives to approve the distribution (25%) of the surplus oil imports to the Iraqi people without hesitation.

said Albraism (of the Agency news) said on Monday: The paragraph distribution (25 %) from the surplus of oil imports to the Iraqi people should be distributed without hesitation, indicating that the paragraph and faced objections from some lawmakers in order to delete them from the lawof the supplementary budget. Continue reading »

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Iraq economy will not be affected by the crisis the Syrian…

Iraq economy will not be affected by the crisis the Syrian…

Baghdad (news) .. Ruled Finance Minister Rafie al-Issawi, affected the economy of Iraq crisis, the Syrian. as revealed to take the cabinet decision to allow the transfer of in-kind assistance to the Syrians through the border crossing points through the Iraqi tribes and humanitarian organizations.

Issawi said in a press conference attended by the Agency (news) said on Wednesday: The Iraqi economy is a yield and is supported on oil, the first place, and its economy can not be affected by the crisis Syrian because it does not make the oil through the land territory. Continue reading »

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Does not provide for the distribution of surplus oil revenues to…

Parliamentary Finance: supplementary budget does not provide for the distribution of surplus oil revenues to the people

Denied by the Finance Committee MP  Najiba Najib, there is no clause in the law of the supplementary budget provides for the distribution (25%) of surplus oil revenues to the Iraqi people.

Najib said that the paragraph of the distribution (25%) of surplus oil revenues to the people did not fall within the supplementary budget law has not been voted on and will be criticized and challenged by most of the House of Representatives. Continue reading »

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France has pledged to find a solution to the problem of frozen Iraqi..

France has pledged to find a solution to the problem of frozen Iraqi funds

Baghdad (News) … The Ministry said Foreign Minister Hoshyar Zebari, Gunn received a promise from the French Foreign Minister Laurent Fabius to find a solution to the problem of frozen Iraqi funds in France.

In a statement on Friday received (News Agency news) a copy of: the Minister Zebari met with the French Minister in Paris, bilateral relations and the political and security situation in Iraq and prospects for the future. Continue reading »

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Iraqi Stock exchange announces low trading volume in June to more…

Iraqi Stock exchange announces low trading volume in June to more than 67 billion dinars

Announced that the Iraqi market for securities, on Tuesday, a decline in trading volume for the month of June to more than 67 billion dinars, while saw the opening of trading on the company Games Karkh after the completion of procedures to increase its capital.
 
and Market traded during the month of June, 60 billion and 850 million shares worth 67 billion and 946 million dinars, compared with May that the total shares traded in which 60 billion and 288 million shares worth 86 billion and 833 dinars, while the total number of companies traded 64 companies out of 84 companies listed electronically on the market. Continue reading »
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achievements of citizens and the mechanisms to implement e-government

Financial measures to facilitate the achievements of citizens and the mechanisms to implement e-government

 BAGHDAD  searched the board of the Ministry of Finance in the mechanics of the application of e-government in the ministry.

 A statement by the Information Office of the Ministry of transportation and received by the agency / Baghdadiya News / copy of it, Tuesday, that “the board of an opinion on the Ministry of Finance held a regular meeting chaired by Rafie al-Issawi and the presence of the general directors of the Ministry and Director of the Rafidain Bank Alckheon Zia.” Continue reading »

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Investments in Iraq after the embrace of international meetings…

Specialists: ice melted investments in Iraq after the embrace of international meetings

Baghdad (News) friji also reported large meetings hosted by broken Iraq recently stalled Western investment and Arabic in the country.

Where Arabic and gave Summit meeting (5 + 1) and the Arab journalists and others, the impression that security conditions have improved in Iraq, what attracted the attention of Arabic and foreign States for investment. Continue reading »

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Economic growth and investment in Iraq is still limited…

Economic growth and investment in Iraq is still limited

BAGHDAD / Baghdadiya News / .. Deputy Chairman of the Higher Education Commission whose staff that economic growth and investment in Iraq is still limited despite the richness of natural resources owned by the country.

A statement received by the agency / Baghdadiya News / Tuesday, said Ajili met with Dr. Herbert Davis, representative of the United States Agency for International Development – Development Project Finance to discuss the latest developments related to the quality of education in the faculties of Management and Economics at the University of Baghdad and Mustansiriya University and the University of Salahuddin was presented by Dr. Herbert analytical report of the reality of colleges and self-study provided by the faculty in those colleges. “ Continue reading »

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Iraq burns $ 5 million a day…

Iraq burns $ 5 million a day…

Babinaoz Iraq – beyond what is produced from associated gas from oil fields in southern Iraq billion cubic meters of which a third is investing a record amount. The loss of the country by the combustion of the gas of five million dollars a day.

He said the commercial director of Royal Dutch Shell Ali al-Janabi, what results from the three southern Iraq oil fields, including Rumaila and West Abu Zubair and the first phase, of about one billion and 100 million standard cubic meters. Aban al-Janabi and that it invests only 400 million standard cubic meters while burning 700 million meters without making use of it. Continue reading »

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Deputy: cooperation with China revive the national economy..

Deputy: cooperation with China revive the national economy

BAGHDAD – Al Sabah said Member of the economy and investment deputy Aziz Mayahi, that the ratification of the joint cooperation between Iraq and China will strengthen bilateral relations between the two countries and will serve the national economy in terms of gaining experience and providing facilities.

said Mayahi: The Republic of China (PRC) is one of the developed countries in all fields economic, especially industrial must be strengthened mutual relations with them through the conclusion of agreements of economic cooperation between the two countries.  Continue reading »

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Iraqi economy faces catastrophe if oil prices continue to decline…

Saad: Iraqi economy faces catastrophe if oil prices continue to decline

Stressed member of the Iraqi Commission on oil and energy parliamentary Susan Saad, the need to find alternative sources of national income in Iraq.

She said in a statement to Al-Saad (Al-Furat TV) said: “The Iraq Despite Omtlakeh large inventory of oil, but it has a problem affecting the economy in a single-source, as it depends on oil for Tuil projects. ” Continue reading »

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CBI: Laws on currency smuggling and laundering is sufficient….

CBI: Laws on currency smuggling and laundering is sufficient

Central bank is called a package of instructions to reduce the phenomenon of smuggling and currency laundering

The Central Bank of Iraq that the new regulations that have been released would be enough to control and finish from the phenomenon of smuggling currency out of the country, pointing out that the offices of banking and financial companies, government and private banks will all be under the direct control and in turn, will be imposed is the other control on the client to control the foreign remittances of counterfeits. Continue reading »

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GOI has succeeded in controlling inflation and controlling government

GOI has succeeded in controlling inflation and controlling government spending

GOIDeputy Prime Minister Dr. Roژz Nouri said the Iraqi government has succeeded in developing a policy efficient to control inflation and controlling government spending and restructuring State-owned banks to keep pace with developments in banking business in the world , said a statement by the Prime Minister’s Office said Shaways made this in a speech he delivered at the Forum Krantz Montana which was held in Baku, capital of the Republic of Azerbaijan ,

adding Shaways to the success of the Government in cooperation with the international community to reduce the debt resulting from the Iraq during the past decades. said Shaways that gross domestic product in Iraq has doubled and doubled with per capita GDP, confirming the IMF forecast that the gross domestic product will reach the limits of (150) billion dollars in 2014. Continue reading »

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U.S. Commerce seeks to bring private investors to Iraq…

U.S. Commerce seeks to bring private investors to Iraq

BAGHDAD Iraq .. confirmed U.S. Department of Commerce Government’s desire to bring in private investors of both countries to reach a positive outcome of the dialogue ..

The advisor to the U.S. Department of Commerce Chairman of the U.S. side at the conclusion of the Committee on Business Dialogue Iraqi American Cameron Kerry said in a statement received / JD / copy of it: “his government’s desire to start a new page of economic relations through increased trade to the level required and seek to attract investors to Iraq, the cooperation of the private sector for both the two countries to reach a positive outcome of the dialogue “.. Continue reading »

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Committee discussed the economy the CBI plan for 2012…..

Committee discussed the economy the CBI plan for 2012

Committee discussed the economy, the Central Bank of the parliamentary plan for the year 2012. A statement issued by the Committee received / JD / copy of it: that “economic and investment commission had a meeting chaired by MP Ahmad al-Alwani,

discussed the minutes of the meeting held by the Finance Committee with the Central Bank of Iraq and the Committee’s report on the productivity of private banks in Iraq and applied research for banks and Plan the Iraqi Central Bank for the year 2012. Continue reading »

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Restrictions on foreign investors will develop the national economy..

Lifting of restrictions on foreign investors will develop the national economy

 Alsabaah praised the Finance Committee MP Abdel Hussein al-Yasiri, the decision of the State Department to lift the restrictions that were imposed by the Iraqi banks during the former regime to European investors because it will encourage the entry of European firms to invest in the Iraqi economy.

Yasiri said: The Iraqi foreign minister when he received some of the foreign ministers European countries promised to lift all restrictions that were imposed by the investment bank of Iraq The European European investors, will enhance the mutual cooperation between Iraq and European countries. Continue reading »

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Iraqi efforts to join the World Trade Organization

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 »

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