Economists warned of the dangers of high unemployment in Babylon, especially among graduates, with almost complete absence of investment projects. The study published in the province recently reported that nearly 78 percent of the unemployed are young people aged between 18-30 years. The economic expert, Dr. Hassan Salman that the absence of mega-projects in the sectors of energy, oil and housing have created a crisis of work among the unemployed who have risen in number in the last three years, weakened by the rates of grades in government institutions by almost half. Indicating that a project investment in the sector Housing creates between 120 to 170 jobs that the preservation of any if I got a dozen projects, they succeed in the recruitment of unemployed in 1500 between the engineers, technicians and skilled workers.
Archive for May 8, 2011
Economists warn of Unemployment in Iraq
Posted: May 8, 2011 in Iraqi Dinar/PoliticsTags: Babylon, Employment, Iraq, Najaf, Private sector, Unemployment, United States, Youth
Expectations of growth of economic relations between the UAE and Iraq
Posted: May 8, 2011 in Iraqi Dinar/PoliticsTags: Abu Dhabi, Baghdad, Chief executive officer, DUBAI, Etihad Airways, Iraq, James Hogan, United Arab Emirates
09/05/2011
Collect a number of international experts on the importance of the development of economic relations, United Arab Emirates Iraq through various activities carried out by companies, either through direct investment or by means of service investments.
They expected during the conversations on the sidelines of the ceremony which was organized by Etihad Airways on the first anniversary of its successful operational in Iraq to increase the size of UAE investment in Iraq to U.S. $ 6 billion after it was recorded in the year 2010 more than 3 billion U.S. dollars.
Expert banker urges to reconsider the regulations for banks Iraqi government
Posted: May 8, 2011 in Iraqi Dinar/PoliticsTags: Baghdad, bank, Central bank, Central Bank of Iraq, Financial services, Iraq, Iraqi dinar, middle east
Source: Radio Sawa – 08/05/2011
Expert banker urges to reconsider the regulations for banks Iraqi government
Experts have called for bankers to restructure the banks, the government commensurate with the processes of reconstruction and revitalization of the next investment.
He described the international banking expert Firas Qaisi mechanism of action of the government banks Bahadjrip.
Iraq’s economy: slow motion toward the open market policy
Posted: May 8, 2011 in Iraqi Dinar/PoliticsTags: Arab people, Arab World, Economy of Iraq, Government, Investment, Iraq, middle east, United States
Hussein Al Jabri M. Deutch
2011-05-08
Trading economists Single Social Economy in abundance since 2008, broke the world economic crisis Adafarha in major financial companies and business in the world and proved that the theory of open economy lacks the calendar being produced considerable unemployment in all countries of the world including the United States of America, as well as the repercussions of unemployment, poverty , ignorance, addiction,
Iraq President, US Ambassador: The need for the appointment of ministers to speed up security
Posted: May 8, 2011 in Iraqi Dinar/PoliticsTags: Arab World, Baghdad, Ibrahim al-Jaafari, Iraq, James Franklin Jeffrey, James Jeffrey, National Alliance, United States Ambassador to Iraq
Sunday 05/08/2011
Baghdad (news) .. Ibrahim al-Jaafari met with President of the National Alliance in his office in Baghdad, the U.S. ambassador to Iraq, James Jeffrey.
A statement by the site-Jaafari received Agency (news) a copy of it on Sunday: “The two sides discussed during the meeting, the overall functioning of the political process in Iraq, especially file security ministries and to emphasize the need to speed up the appointment of a Minister of the sensitivity of phase, as well as discussion of current events in some Arab countries and the countries of region in general. “
Editorial: Delete the three zeroes from the Iraqi currency
Posted: May 8, 2011 in Iraqi Dinar/PoliticsTags: Central Bank of Iraq, Council of Representatives of Iraq, Currency, Economy of Iraq, Finance Ministry, Iraq, Iraqi dinar, middle east
The Currency Newshound Commentary: This article is another opinion or editorial regarding the deletion of the zeros from the dinar. The writer describes the intention of the CBI and through this measure the new monetary policy will reduce inflation. The writer continues providing a statement by the Minister of Finance saying this strategy will raise the value of the dinar.
In my opinion….The writer expresses his opinion by saying this could complicate things in Iraq and this move should be extensively thought out by economist, leaders, and consider the thoughts of public opinion prior to moving this law to the PM and parliament. The writer concludes by saying if the CBI aspires to implement this policy he believes the dinar should return to its previous value of $3.33
Sabih Al-Hafiz
Posted 08/05/2011 10:00 AM
From time to time ask the CBI idea of raising three zeros from the Iraqi currency, and announced that he is nearing completion on finalizing the drafting of the law to regulate the process of lifting to be sent to the Council of the Prime Minister and then to the House of Representatives to decide whether there is a need to raise three zeroes from the Iraqi currency or not, as was confirmed a senior official at the Monetary Authority that the Council of Representatives is the author of the recent decision in this regard.
Iraq’s Electoral Commission will call Monday press conference; Described as significant
Posted: May 8, 2011 in Iraqi Dinar/PoliticsTags: Baghdad, Conscription, Council of Representatives of Iraq, Electoral Commission, Iraq, Member of Parliament, Press release, Reading
Sunday, 8 May 2011
Electoral Commission on Monday a press conference and described as significant
Agencies -
Called on the Electoral Commission for elections of all local media and global to attend a press conference and described as “as significant”
Convened on Monday. The Commission said in a press statement on Monday it would hold, an important press conference at its headquarters in Baghdad, calling on all the media coverage and to send their delegates, the Commission did not disclose the content of the conference.
CBI’s Saleh: Devaluation of USD will not affect Iraq’s cash reserve
Posted: May 8, 2011 in Iraqi Dinar/PoliticsTags: Central bank, Central Bank of Iraq, Currency, Iraq, Iraqi dinar, middle east, Money laundering, Purchasing power
Are concerned: the devaluation of the dollar will not affect its adoption in the Iraqi market
07/05/2011 9:23
BAGHDAD: In the view of local economic affairs are concerned, Saturday, that the global decline in the value of the dollar because the U.S. federal government printed huge amounts of it, will not affect trading in the Iraqi market.
The adviser said the Central Bank of Iraq the appearance of Mohammed Saleh told (Voices of Iraq) that “the U.S. government already know that the value of the dollar will suffer because of printing large quantities of it to cover its budget deficit through the new version and not through the actual returns, which reduces the value of the dollar,” stressing that ” This process will not affect the value of the cash reserve Iraqi abroad that Iraq’s proven reserves of foreign exchange include a basket of currencies but not limited to the dollar, so the decline in its value would be offset existing basket of currencies. “
Iraq: Seven important laws to be passed this week
Posted: May 8, 2011 in Iraqi Dinar/PoliticsTags: Arab League, Baghdad, Conscription, Council of Representatives of Iraq, Iraq, Law, Reading, United States
From the House due to vote Tuesday and Wednesday on seven important laws.
Parliamentary sources said earlier: “morning” that Parliament would vote at a meeting Tuesday to pay bills and salaries of the President and Cabinet salaries.
It also would begin the second reading of the draft law of ratification of the Arab Convention to facilitate the movement of Arab cultural production between Iraq and the Arab League Educational, cultural, science, and the second reading of the draft law of ratification letters and pleadings, minutes of negotiations, mutual signed in Baghdad on 21 February 2010 on the Japanese loan.
CBI: Opening of two US accounts guarantees payment to Kuwait
Posted: May 8, 2011 in Iraq: Chapter VII, Iraqi Dinar/PoliticsTags: Central Bank of Iraq, Invasion of Kuwait, Iraq, Paris Club, Saddam Hussein, United Nation, United Nations Security Council, United States
Central Bank: the opening of two accounts of Iraq to ensure payment of compensation
Baghdad, May 7 (Rn) – The Central Bank of Iraq on Saturday that the opening of two accounts in the United States come to Iraq to provide guarantees of the United Nations concerning the payment of financial compensation to Kuwait.
The central bank adviser said the appearance of Mohammed Saleh told the Kurdish news agency (Rn) that “Iraq opened two accounts at a bank in the United States, to persuade the United Nations concerning the payment of financial compensation to Kuwait.”
Iraqi List opposes Maliki’s choice as Defense Minister; Will leave political process if he continues
Posted: May 8, 2011 in Iraqi Dinar/PoliticsTags: Ayad Allawi, Council of Representatives of Iraq, Iraq, iraqi list, Maliki, National Security Agency, Nouri al-Maliki, Prime Minister of Iraq
Iraq List: We will leave the political process in case the vote on the candidates, al-Maliki’s security ministries
Posted 08/05/2011 03:30 PM
BAGHDAD (Alsumaria News): threatened Iraqi List led by Iyad Allawi, today, to withdraw from the political process in the event of voting on candidates to fill the bags Maliki’s security ministries, saying al-Maliki to provide candidates an abdication of the Agreement on Irbil.
The MP said the menu Nabil Hrbo in an interview for “Alsumaria News”, “the Iraqi list the full right according to the political consensus that oozes from it deems appropriate for the post of defense minister,” noting that “the issue of choosing a prime minister set the names to fill the bags security, including the person holding as defense minister in particular, and it was not nominated by the Iraqi, is unacceptable. “
CBI: Daily Currency Auction; May 8, 2011 $88m
Posted: May 8, 2011 in Iraqi Dinar/PoliticsTags: Auction, Business and Economy, Central Bank of Iraq, Dinar, Iraq, Iraqi dinar, middle east, Price
The latest daily currency auction was held in the Central Bank of Iraq on the 8-MAY-2011. The results were as follows:
| DETAILS | NOTES |
| Number of banks | 12 |
| Auction price selling dinar / US$ | 1170 |
| Auction price buying dinar / US$ | —– |
| Amount sold at auction price (US$) | 88,324,000 |
| Amount purchased at Auction price (US$) | —– |
| Total offers for buying (US$) | 88,324,000 |
| Total offers for selling (US$) | —– |
