Member of the Committee on Energy: Stop Kurdistan’s oil exports would destroy the national economy and the detriment of the general budget
Baghdad (news) .. Warned a member of the Oil and Energy Committee MP / National Alliance / Susan Saad, from the implementation of the government of Kurdistan threatened to stop oil exports province through the pipeline network of national, describing it as “mass destruction” of the national economy.
said Saad (of the Agency news): The suspension deliberate plans Kurdistan government implemented the end of this month to its oil exports through the pipeline network of national destroy the Iraqi economy and the state budget, indicating, that the Kurdistan Region shrugged cut the federal government oil derivatives him because it is extracted (175) thousand barrels per day from the northern fields with support Turki territory for oil refining and retrieved oil products to the region. Continue reading »
Expert: inflation rose due to dependence on oil as a source of income for the state
Baghdad (news) .. Attributed the economic expert Tawfiq inhibitor, causes high rates of inflation in Iraq, to total dependence on oil economically, as well as increased consumption and the lack of agricultural and industrial production as a result of government neglect.
said inhibitor (of the Agency news) on Wednesday: The dependence on oil has reached to 97 % in building Iraq’s economy, in turn deteriorated agriculture and industry, leading to higher rates of inflation in Iraq. Continue reading »
Ministry of Planning: The stability of inflation indicators for the month of July
The Ministry of Planning and Development Cooperation for stability in the indicators of inflation for the month of July last year due to lower prices of fruits and vegetables.
The ministry said in a statement today: “The indicators of inflation for the month of July saw in rates stable compared with the previous month of June after recorded a slight rise / 0.3% /. Continue reading »
Parliament: the new investment law will benefit as a result of a law since 2006
Baghdad (News) … Member of the Economic Commission of the Iraqi coalition Deputy from//Qusay Fri-Abadi, new investment law does not require activation as a result of a law, and legislator in CA (2006).
He said Abbadi (News Agency news): the multiplicity of laws on the same subject will complicate the work of the Iraqi economy, noting a General Investment Act (2006) and does not require new legislation but amendments to the old law only. Continue reading »
Committee member: economic crisis will impact directly on Syria to the Iraqi market and must take appropriate action to avoid that
Baghdad (News) … According to Deputy Economic Committee member Salman al-Musawi, the Syrian crisis by its error will be thrown on the Iraqi market economy must take swift action to address the crisis to come.
He said al-Musawi (News Agency news) on Thursday that deteriorating Syria politically will affect the economies of the region, including Iraq and quick action must be taken to deal with any crisis affecting the economy of Iraq may arise as a result of higher prices in the domestic market. Continue reading »
Chuird: Iraqi economy needs to pause courage
Said the leadership of the Iraqi List, Hassan Khudair Chuird, Wednesday, on the need for the Iraqi economy to what b described as “courageous stand” for the advancement of the incident instead of going into political bickering.
Said Chuird in a statement received by the agency copy it “should Iraq’s leaders to compete for a better economic policy rather than rivalry on issues political” noting that “the economy in Iraq depends on the distribution and not on investment and production, making it creates poverty and combat it “adding that” Continue reading »
Iraq’s economy creates poverty and fails to combat it
Experts said that Iraq’s economy depends on the distribution and not on investment and production, which means that, according to one of these experts, it creates a poverty economy does not combat it ..This is what the words of one of the most important economists in Iraq, Deputy Governor of the Central Bank of the appearance of Mohammed Saleh.
Saleh said that Iraq depends 95 percent on oil revenues as explained by saying that the distribution began after 2003 driven by a moral to involve the largest possible number of people with wealth hence the operation of more than four million people in the institutions of the state, a good number if we consider that the number of capable to work are eight million people. Continue reading »
High index of inflation for the month of July…
Revealed the Ministry of Planning and Development Cooperation for the inflation index witnessed a rise in the month of July of the current year compared to the previous month.
According to Undersecretary Mahdi Keywords in an interview with Radio Free Iraq that this increase was lower than in the month of July of 2011, alluding to the most important reasons that led to high inflation in the last month is the seasons religious events, political in the country. Continue reading »
Salman al-Musawi: supporting the national economy does not come about by replacing the currency and delete zeros, including, but activating the economic sectors
Baghdad (news) .. A member of the Economic Commission MP / National Alliance / Salman al-Moussawi, said the project to replace the currency after you delete the zeros of which does not help to support the national economy, but the project’s success depends on the strength of the economy and the stability of the local market.
Moussawi said (of the Agency news): You should think about how liberation of the national economy of unilateral rentier based on oil revenues to a robust economy based on different economic sectors before coming towards the implementation of an important project affects the economy of the country both in terms of positive or negative. Continue reading »
Anti-poverty strategy will reduce the poverty rate in the country from 23% to 16% in 2014
A member of the Committee of Economy and Investment parliamentary Abdul-Abbas broadly anti-poverty strategy that will reduce the poverty rate in the country from 23% to 16% in 2014.
He said in a statement to all of Iraq [where] the day that “the Central Committee of the poverty alleviation continues to hold its meetings and the government has allocated 100 billion dinars to support its work in combating poverty in Iraq.” Continue reading »
Expert: continuing the work of speculators unchecked Government would be detrimental to the national economy
Baghdad (News) … Noted economist Majid mock, that speculators continued to operate in the banking sector without any deterrent, Government would be detrimental to the national economy and the value of the dinar against the dollar.
He mock (News Agency news) on Sunday: that the fluctuating dinar against the dollar and falling recently got as a result of speculators who monopolize the dollar, leading to increased demand and raising its price before forcing the dinar. Continue reading »
Formation of an investigative committee again the issue of CBI transactions
BAGHDAD / Center Brief for the Iraqi Media Network – A member of the Finance Committee Haitham Jubouri the formation of an investigative committee on the central bank transactions after the holiday in addition to the control of the Council announced its intention to set up the first day yesterday.
Jubouri said to (Center Brief for the Iraqi Media Network) that “as told us from the brothers at the head of the House of Representatives, it will be an investigation committee to visit the Central Bank of Iraq and look at the records and the numbers and the sales and the people who get hard currency,” noting that “the work of the investigative work of the Commission is different from the control of the Council approved the formation, which includes the heads of the two financial, economic and Office of Financial Supervision. “ Continue reading »
Iraq came in the 5 Arabs in the unemployment rate…
Solve Iraq ranked the fifth in the order of the Arab countries, as the unemployment rate, said data from the International Monetary Fund and the ‘CIA’ The Djibouti solved the first prize in the unemployment rate among the Arab countries, where it reached 59% , with the dissolved Yemen secondly unemployment rate reached 35%, followed by Mauritania and Sudan at a rate of 30% and 18.7%.
The data indicated – according to the Jordanian Arabs today – that was in Chit fifth place, followed by Bahrain, Oman , VI and VII unemployment rates reached eighteen% and 15% and fifteen% respectively. And Tunisia was ranked eighth among Arab countries unemployment rate which stood at 13.3%, while Airlines was ranked ninth unemployment rate reached thirteen% and the UAE X. unemployment rate reached 12.7%. Continue reading »
Iraq Ministry of Labor: Unemployment will be Zero by 2016…
Undersecretary of the Iraqi Labor Ministry Dara Yara said Sunday that unemployment in Iraq will be down to zero in the country by 2016 under a new “strategic plan”.
According to the Labor Ministry’s figures, about 16% of Iraq’s working force is unemployed. “We are working on eliminating unemployment in Iraq and for that purpose we have designed a strategic plan that will be put into effect next week” Continue reading »
16% of Iraqis are unemployed, says Labor Ministry…
ERBIL, August 6 (AKnews) – Iraq’s deputy minister of labor and social affairs announced that 16 percent of Iraqis are unemployed and the ministry has plans to reduce this number.
Dara Yara said the ministry has a plan to eliminate unemployment in the country by 2016.“Sixteen percent of Iraqis are unemployed and this figure needs a strategic plan,” added Yara. Continue reading »
Member of the economy: raise loans for income-generating projects to (50) million is necessary to strengthen the national economy
Baghdad (news) .. Proposed Member of the economy and investment MP / coalition in Iraq / Nahida Daini, increase the funds allocated to the lending fund income-generating projects so that the amount awarded per project (50) million dinars instead of (20) million, to strengthen the national economy through the activation of such projects.
The Daini (the Agency news) on Sunday: Most of Representatives calling for the parliamentary sessions of past and present to raise the ceiling on the amounts allocated to the fund supporting small and medium-income-producing, because it will strengthen the Iraqi economy through the elimination of unemployment and the promotion of the private sector, but the government did not respond to their demand . Continue reading »
During the meeting with the representative of the World Bank. Calling them: Iraq faces significant development challenges
Baghdad (News) … The State of law Coalition Member Exchange MP//National Alliance, calling them full movie with the World Bank representative in Iraq Maria Helen, views on the work of the World Bank’s strategy for Iraq and support for programme development, Iraq and guidelines and the importance of cooperation between the Iraqi Government and the World Bank to serve the public interest.
Calling them told reporters his Office moved Friday received (News Agency news) version of it: focus on discussion of stratigh Bank of Iraq and to be completed in the tenth month, which is bastratigat development sectors (energy, water, and transportation, and private sector and social development). Continue reading »