Trade Minister: The Politics of the Federal Government is the transition from totalitarianism to free market economy
Met with Commerce Minister Hassan Khairallah Ba Bakr Nissan Japanese delegation to negotiate the import of cars Nissan type according to the contexts and the strategic actions and programs that can be handled between the Ministry and the presence of the company and General Manager of cars and machinery in the Ministry of Commerce.
Archive for July 13, 2011
Iraq Trade Minister: Iraq is transitioning to a free market economy
Posted: July 13, 2011 in Iraqi Dinar/PoliticsTags: Arab people, Commerce minister, Economy of Iraq, Iraq, Iraqi dinar, Market economy, middle east, Politics of Iraq
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Energy Committee approves draft Oil, Gas Law; Heads to Parliament
Posted: July 13, 2011 in Iraqi Dinar/PoliticsTags: Baghdad, Business, Contract, Council of the European Union, Energy, Iraq, Oil and gas law in the United States, parliament
13/07/2011 19:18:00
Baghdad (NINA) – The Energy Committee, headed by Deputy Prime Miister, Hussein al-Shehristani, approved the amendment endorsed on the draft Oil and Gas Law prepared by the Ministry of Oil.
A statement issued on Wednesday, July 13, by the Deputy Prime Minister’s Office said, “The meeting was attended by ministers of Oil, Electricity, Science and Technology, Water Resources and Provinces’ Affairs.
It added that, “The Amendments have been referred to the Council of Ministers.”
IMF Says Vietnam Interest-Rate Cut May ‘Confuse the Market’
Posted: July 13, 2011 in Asian Currency MarketsTags: Credit Suisse, International Monetary Fund, JPMorgan Chase, Monetary policy, Moody's, State Bank of Vietnam, Vietnam, Vietnamese đồng
VietFinanceNews.com – The Vietnamese central bank’s decision to cut its repurchase rate last week may call into question the government’s determination to fight inflation, the International Monetary Fund said.
The State Bank of Vietnam lowered the repo rate for the seven-day term on July 4 to 14 percent from 15 percent. The central bank had boosted it from 7 percent at the start of November 2010. The rate appears to have become the benchmark for monetary policy, according to JPMorgan Chase & Co.
Vietnam: Central Banks Should Raise Key Interest Rates by 100Bbps in July, ANZ Says
Posted: July 13, 2011 in Asian Currency MarketsTags: Consumer price index, Economic growth, Foreign exchange market, Inflation, Monetary policy, Reserve requirement, U.S. Dollar (USD), Vietnam
VietFinanceNews.com – The central bank needs to raise its key interest rates by another 100bps this month to manage inflation expectations, said ANZ it its July report about emerging Asian eonomics.
Despite the continued moderation in growth of real activity, inflation pressures persist and warrant continued tightening of monetary and fiscal policies, it reasoned.
GOI sets plan to end shared oil fields with neighbors; Demarcation of borders is best plan
Posted: July 13, 2011 in Iraqi Dinar/PoliticsTags: Economy of Iraq, Iraq, Joint Committee, kuwait, Member of Parliament, Oil field, Oil reserves in Iraq, Saddam Hussein
Government action plan to end the file’s oil fields shared with neighboring countries
Revealed to the Commission on oil and energy in the House of Representatives for government action plan to end the file of the oil fields shared with neighboring countries, urged the MPs in a statement the “morning”, to sue an international event was to ensure the continuation of these countries to withdraw crude oil from fields in common.
Said Rep. Susan Saad, Member of the Commission on oil and energy Parliament: “These common fields are on the border of Iraq with the rest of the neighboring countries, especially Kuwait and Iran, while being assaulted by those countries not now, but for a long time and years by digging wells diagonally and the depletion of resources and oil wealth. “
The government decided that tomorrow July 14th is a public holiday, Parliament resumes Saturday
Posted: July 13, 2011 in Iraqi Dinar/PoliticsTags: Feylis, iran, Iraq, Iraqi Kurdistan, Kurdish, Kurdish people, kurdistan, Politics of Iraq
Wednesday, July 13, 2011 12:25
Iraqi government decided to consider tomorrow a public holiday to mark the anniversary of revolution of July 14, 1958.
He said government spokesman Ali al-Dabbagh said in a press statement: “The government decided that tomorrow, Thursday July 14 an official holiday for all government departments in Iraq on the anniversary of revolution of July 14, 1958.”
The revolution of July 14, 1958 Iraq has transferred ownership to the Republic since the monarchy was overthrown in Iraq.
Parliament to raise its next Saturday
Raise the Second Deputy Speaker Arif Tayfur Council meeting to the next Saturday after reading a number of draft laws.
Kuwait Ambassador to Iraq: Discusses recent news events regarding Iraq; Determined to end all issues
Posted: July 13, 2011 in Iraq: Chapter VII, Iraqi Dinar/PoliticsTags: Economy of Iraq, Hosni Mubarak, Iraq, Khawr Abd Allah, kuwait, Politics of Iraq, United Nations, United Nations Security Council
Kuwaiti ambassador’s [where]: Kuwaiti reparations are not related to the former Iraqi regime and we have no intention to cancel and port Mubarak will not affect the navigation of Iraq
Wednesday, July 13, 2011 11:00
Kuwaiti ambassador to Iraq, to the insured that “the Kuwaiti reparations and debt owed by Iraq are not linked to his regime before, asserting that” the construction of a port Mubarak will not affect navigation in Iraqi ports, according to official documents submitted to the Government of Iraq. “
He said in an interview with the agency all of Iraq [where] that “the compensation and debt implications of the Kuwaiti invasion of Iraq by the former regime of Kuwait can not be dropped or removed because it was the decision of the UN They also need to be ratified by the Kuwaiti National Assembly to repeal [if Kuwait should drop obligation]“
Expert calls for a balance between inflation and economic growth in Iraq
Posted: July 13, 2011 in Iraqi Dinar/PoliticsTags: Baghdad, Central Bank of Iraq, Economic growth, Economy of Iraq, Inflation, Iraq, Lebanon, United States
Baghdad (news) .. called economic expert jeweler is contrary to the need to find a balance between inflation happening in the market and economic growth in Iraq.
The jeweler said in a statement to the Agency (news) today: the economic logic that there should be a balance between inflation and growth, pointing to the lack of real economic growth, because market activity has procedures based on the programs and plans related to each other.
He said the goldsmith: There is no plan to develop capacity and competencies of Iraq, in addition to the lack of development in the performance of the market and activate it.
He called economic expert that there will be programs and plans lead to the outcomes and objectives are based on a scientific basis for the advancement of economic growth during the limited period of time.
Economic Adviser to the Prime Minister calling for the granting of loans by private banks
Posted: July 13, 2011 in Iraqi Dinar/PoliticsTags: Baghdad, Central Bank of Iraq, Government, Iraq, parliament, Private bank, Private sector, United States Senate Committee on Finance
Baghdad (news) .. Called for an economic advisor to Prime Minister Abdul-Hussain Anbuge to grant soft loans through private banks.
Said Anbuge during an economic conference attended by Deputy Prime Minister Saleh al-Mutlaq “We must pressure the government and the central bank to facilitate the granting of soft loans through private banks, to support the private sector.
Economic Conference and carrying the slogan “Work is a right for all Iraqis so as to ensure them a dignified life.”
Iraq signed a definitive agreement with Shell Gas
Posted: July 13, 2011 in Iraqi Dinar/PoliticsTags: 2003 invasion of Iraq, Iraq, Mitsubishi, Nouri al-Maliki, Oil Ministry, Oil reserves in Iraq, Politics of Iraq, Royal Dutch Shell
BAGHDAD (Reuters): Iraq has signed initialed the draft of a final agreement with Shell and Mitsubishi, worth $ 12 billion to collect the associated gas from southern oil fields. He said Iraqi Oil Minister Abdul-Karim and coffee in a statement that long-awaited agreement still needs the approval of the Iraqi government.
Iraq has suffered for years from the frequent power cuts which is constantly threatened by the deficit in electricity for years to be gathering the associated gas from oil fields to feed new power stations.
The joint venture will be named Gas Company of Basra at the forefront of Iraq’s plans to modernize power plants and promote exports of oil hovering around levels not seen since the US-led invasion of the country in 2003.
Thursday: Official holiday on the occasion of Revolution July 14, 1958
Posted: July 13, 2011 in Iraqi Dinar/PoliticsPosted 13/07/2011 10:09 AM
BAGHDAD (Babinaoz): Iraqi government decided to consider on Thursday a public holiday to mark the anniversary of revolution of July 14, 1958.
He said government spokesman Ali al-Dabbagh told a news briefing: “The government decided that tomorrow, Thursday July 14 an official holiday for all government departments in Iraq on the occasion said revolution of July 14, 1958. “
The revolution of July 14, 1958 Iraq has transferred ownership to the Republic as it was shot down in Iraq, the monarchy that existed at the time.
Iraq’s Parliament Speaker calls on Europeans to invest in Iraq
Posted: July 13, 2011 in Iraqi Dinar/PoliticsTags: Aswat al-Iraq, Brussels, Council of Representatives of Iraq, Human rights, Iraq, Iraqi Kurdistan, kuwait, United States
Iraq’s Parliament Speaker calls on Europeans to invest in Iraq, calls for non-encouragement of Iraqi Christians to leave Iraq
7/13/2011 10:54 AM
BRUSSELS / Aswat al-Iraq: Iraq’s Parliament Speaker, Usama al-Nujeify, now on a visit to Brussels, have called in a speech at the European Parliament’s Foreign Relations Committee, for European investment in Iraq, reiterating Iraq’s ability to supply Europe with half of its needs for energy supplies in the future.
Nujeify spoke about Iraq’s current “embarrassing” political conditions, expecting early nationwide elections, the formation of a Higher Commission for Human Rights in the country, while he demanded the Europeans “not to grant facilities for Iraqi Christians to immigrate abroad.”
CBI Daily Currency Auction July 13, 2011: $146 million
Posted: July 13, 2011 in Iraqi Dinar/PoliticsTags: Auction, Central Bank of Iraq, Currency, Dinar, Economy of Iraq, Iraq, Iraqi dinar, Price
The latest daily currency auction was held in the Central Bank of Iraq on the 13-JUL-2011. The results were as follows:
| DETAILS | NOTES |
| Number of banks | 21 |
| Auction price selling dinar / US$ | 1170 |
| Auction price buying dinar / US$ | —– |
| Amount sold at auction price (US$) | 146,254,000 |
| Amount purchased at Auction price (US$) | —– |
| Total offers for buying (US$) | 146,254,000 |
| Total offers for selling (US$) | —– |
Iraq Transport Minister meets World Bank representative
Posted: July 13, 2011 in Iraqi Dinar/PoliticsTags: Baghdad, Central Bank of Iraq, Hadi Al-Amiri, Iraq, Ministry of Transport, Rasheed Bank, Washington, World Bank
Received Mr. Hadi al-Amiri, Minister of Transport in his private office Mrs. (Maria Helen) of the Special Representative of the World Bank in Baghdad and research minister mechanism to support the World Bank to restore infrastructure in the area of services for transport.
With regard to airports and railways, ports, transportation, and stressed the need to develop and prepare a plan for training of specialized personnel to invest in new technologies and the advancement of transportation, which suffers a lot of neglect due to random policies of the former regimes, for its part has made Ms. Helen is ready to provide the World Bank ……
All the services and investment financing service for the new Iraq to improve the performance of joints in line with the global development happening in this area and added that Washington was in the stage of signing the Cooperation Agreement between the Ministry of Transport and World Bank.
Shaways heads of the ninth meeting of the Committee of Economic Affairs
Posted: July 13, 2011 in Iraqi Dinar/PoliticsTags: Agriculture ministry, Baghdad, Central Bank of Iraq, Chairman, Deputy prime minister, Government, Iraq, Politics of Iraq
13 July, 2011 12:30:00
Chaired by Deputy Prime Minister example, has typically Nuri Shaways, the work of the ninth meeting of the Committee of Economic Affairs, which was attended by members of the Committee of Ministers (planning, oil, trade, industry, agriculture) and the Governor of the Central Bank and Chairman of the National Investment and Deputy Minister of Finance and Adviser to the Prime Minister for Economic Affairs and Deputy Secretary General for Administration and Finance.
CBI: The decision to raise zeros from the currency maker .. and it needs to field work
Posted: July 13, 2011 in Iraqi Dinar/PoliticsTags: Baghdad, Central bank, Central Bank of Iraq, Currency, Field work, Iraq, Iraqi dinar, Saleh
Central Bank of Iraq that the decision to raise zeros from the Iraqi currency maker, but he needs to field work.
Said appearance of the central Mohammed Saleh in a statement to the Contact Agency (news) on Wednesday: the »decision to raise zeros from the Iraqi currency maker but he needs to work convicts on the level of banks and international accounts, the retirement of the old currency.
