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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Iraq will be an international donor after 2014

Lower central bank sales and Iraq will be an international donor after 2014

IraqDeputy Governor of the Central Bank of the appearance of Mohammed Saleh said that Iraq will turn into international donor after the year 2014, noting that the World Bank will depend on grant assistance to Iraq after its transformation into a donor.

“The World Bank asked Iraq to be a member of the International Atomic aid and become a donor her, “adding that” the Iraqi government is considering topic in collaboration with the World Bank. “ Continue reading »

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Al-Maliki described the Iraqi economy “strong and robust”

Al-Maliki described the Iraqi economy “strong and robust”

Iraqi Prime Minister MalikiBaghdad (newsletter) …As Prime Minister Nouri al-Maliki, the Iraqi economy is strong and solid, and vowed to amend the investment if impeded the entry of foreign capital, urging the Commerce Department sent a letter to the world economy growth processes.

Al-Maliki said during a ceremony to mark the opening of the 39th session of the Baghdad international fair, attended by (News Agency news) on Thursday that Iraq began heading to market economy in cooperation with the private sector, which is considered a safe partner in the process of reconstruction and investment, describing the Iraqi economy currently strong and solid. Continue reading »

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IMF reiterates its call to Iraq to lift subsidies on oil derivatives

IMF reiterates its call to Iraq to lift subsidies on oil derivatives, energy and ration card

IraqDiplomatic source revealed early Monday, a renewed claim the International Monetary Fund for the Iraq government promises and the removal of subsidies on the prices of many materials, including petroleum and energy along with the ration card.

Said the source, who asked not to be named for “Twilight News”, that “the International Monetary Fund renewed its call for Iraq to lift subsidies on oil derivatives, energy and ration card.” Continue reading »

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dealing with the issue of Central Bank will affect the financial

The decision of the Commission on the economy: “emotionally charged” dealing with the issue of Central Bank will affect the financial situation of the country

centralBaghdad (newsletter) … Economic Committee decision warned MP about the Kurdish blocs Coalition/mohama Khalil, the likelihood of the current Central Bank issue impact on the country’s financial situation on the dinar exchange rate instability and jeopardizing Iraq’s international reputation for monetary policy.

Khalil (News Agency news) on Thursday to deal with the issue of the Central Bank and “emotionally charged” by a parliamentary investigative Committee and some stakeholders will affect the financial situation in the country and undermine the prestige of Iraq international monetary dealings with global banks. Continue reading »

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Iraq economy rentier from joining the World Trade Organization

Expert: Iraq economy rentier from joining the World Trade Organization

IraqHe said Suri told the independent press (Iba): that Iraq economy by relying on a single source is oil will make it economical and not clearly defined, adding: The terms of accession to the WTO global trade is economic integration, which relies on multiple sources of economy-generating income. 

He added: that Iraq’s economy needs to important legislation of laws that did not vote on it until now also needs to be a strong trade balance and the balance of capital and strong economic governance enables Iraq to join the organization without any problems costing Iraq, many if teamed with these ingredients. Continue reading »

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Istanbul will enhance the movement of trade between Iraq and Turkey

Economist: re-open the trade office in Istanbul will enhance the movement of trade between Iraq and Turkey

Baghdad .. Praised economist cute Abdul Salem Ugaili, government initiative to reopen the commercial office of the Iraq Turkey which was closed since the nineties of the last century because it will enhance economic relations and the movement of trade exchanges between the two countries.

Ugaili said (of the Agency news): The Cabinet approval to re-open trade office Iraqi in Istanbul, which was closed in 1990 as a result of the consequences that brought about the economic blockade imposed on Iraq, linking  Iraqi trade in Ankara in response to a request the Iraqi Trade Ministry. Continue reading »

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witnessed high and liberal Iraq still follow the pre-market economy

Central bank: The financial sector has witnessed high and liberal Iraq still follow the pre-market economy

Considered the Central Bank of Iraq, Wednesday, that the financial sector has seen a liberal high not borne by Iraq, and stressed that he still follow the pre-market economy, pointing out that the other “does not understand” in foreign exchange operations.

The deputy governor of the Central Bank of the appearance of Mohammed Saleh in an interview for “Alsumaria News”, “financial sector in Iraq witnessed a liberal high is not borne by the country which is still tracking an economy by the market,” noting that “this sector has seen a market economy is very high as well as high openness in the development of the country is weak and has high resources and did not move to a market economy after properly. “ Continue reading »

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Iraq has an opportunity significant economic exploitation

Central Bank: Iraq has an opportunity significant economic exploitation

cbiSaw the Central Bank of Iraq before Iraq a great economic opportunity must exploit the image optimization.

This came in their annual business conference of the International Monetary Fund and the World Bank, which was held last Friday in the Japanese capital Tokyo. Continue reading »

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