On: Wednesday 9/28/2011 6:28
Expressed fears the Iraqi Ministry of Commerce of the rush to Iraq to get permanent membership of the WTO and said that this would create confusion in the economy in the absence of legislation and economic controls eligible.
The Chairman of the Legislation Committee of the Committee to join the World Trade Organization Ali that “speed up the procedures to join WTO and to obtain permanent membership without making broad changes
Economic terms
On: Sat 10/01/2011 7:53
Setting: term economic
Inflation risks
Inflation risks are the risks associated with the potential to lead inflation or the rise in the cost of living to the erosion of part of the real value of the investment, and may be accompanied by inflation or weakness in the purchasing power of the currency slump in the production of goods and services, and this phenomenon is known inflation stasis, leading to disastrous effects on the morals of society and social mobility in it: Arab cinema and other
Sat 10/01/2011 7:54
Invited expert to the economic integration of small banks while confirming the existence of problems facing the stability and effectiveness of the local currency in the banking system remained underdeveloped.
Dr Thoraya Khazraji The Iraqi dinar is facing challenges such as: rates of inflation and the mechanism of deletion of zeros, and the process of modernization and development of financial services and banking, which collides with the reality a bank suffers a number of problems.
learned long from informed sources that the meeting of leaders of Iraqi political blocs is expected it will be this week and will focus on one issue only related to the number that remain of the U.S. military after the withdrawal end of the year. Informed sources explained that President Jalal Talabani, the face of calls to the heads of political blocs, leading to the meeting ,
Pointing out that the responses of the heads of the blocks came quick, and most of them are expected to attend the meeting in the Palace of Peace for the presidency. The Vice President Tareq al-Hashemi has said before last Wednesday that the president would call for a third meeting of the political blocs after his return from New York, expressing his hope that “unlucky luck leaders of political blocs in this meeting.”
Oil and Gas Law postpone the passage of the law of the national oil company
01/10/2011
The link between the law of the national oil company and oil and gas law began to take an important place in shaping the country’s oil policy to serve the local economy.
A member of the Commission on oil and energy parliamentary Furat al-Shara, said his committee decided to postpone the adoption of the law of the national oil company until the adoption of the law of oil and gas.
And Odhavfa a press statement that “the Commission on oil and energy parliamentary decided to withdraw the law of the national oil company until the adoption of oil and gas law formula supports the political oil in the country.”
Said Louay Khatib, director of the Iraq Institute for Energy said: «There is a buzz significant about what the law of oil and gas, many believed that the law is specific to the ownership and distribution of oil wealth, while the law is a management tool for the wealth of petroleum extraction only, because the Constitution is clear in this section, where to make the ownership of oil and gas for the Iraqi people in all regions and provinces, according to article 111, while singled out the allocation of federal revenues, to be created, verification of the optimal use of imports, federal, and distributed equitably to the Iraqi people, according to Article 106 of the Constitution ».
VietFinanceNews.com – The State Bank of Vietnam (SBV) sold out 150 million dollars (VND3,000 billion) last week to stabilize the USD/VND exchange rate.
The central bank, in a meeting with commercial banks on Sept. 7, said it would try to keep the exchange rate steady within 1% fluctuating band to the end of this year, and that it would interfere to ensure exchange rate stability if needed.
Earlier, the central bank also sold USD1.5 billion in three week from mid August to support the dong Reuters said.
Government’s decision to limit trade with Kuwait were turned down by the economists in Basra, who considered that the best solution to prevent the interference of neighboring countries is to achieve self-sufficiency in industrial and agricultural areas and not take such a decision saying it excluded Iraq from the global economic system.
Bahaa al-Khafaji / Aqsada researcher and an official of the Iraqi National Unity rally in Basra
If the borders were sealed with the State X and State Y if you went to Iraq to angle closed and away from trade and away from economic development in general we do not close their borders with any country in the region and if the purpose of sealing the border should be to close borders with Iran and Turkey and Syria meaning away from the world organization.
Announced the head of the Iraq Stock Exchange on Friday, for the end of the formal requisites of market opening Arbil Stock Exchange.
Abdul Razzaq al-Saadi told the Kurdish news agency (Rn) that “the SEC ended legal and technical requirements to start a market for securities of Arbil international specifications.”
He pointed out that the “market for trading financial Arbil, the actual work will begin after the completion of the Kurdistan Regional Government, the electronic link with the central Baghdad Stock Exchange, which will actually few days.”
2011-09-29 10:51:51
Iraq (Iba) – His Vice President Joe Biden, last night a telephone call with Iraqi Parliament Speaker Osama Najafi to discuss the issue of U.S. withdrawal from Iraq, which is scheduled to be the end of the year 2011.
A statement to the House of Representatives received the independent press (Iba) a copy of it, the two sides discussed several topics was the most prominent of the cases of U.S. withdrawal from Iraq and the issue of training Iraqi forces.
The Central Bank of Iraq that inflation in Iraq, two-way first external was due to higher prices in the world and the other a local because of the problems of housing and services attached to it, as he emphasized that monetary policy is able to curb the inflation.
The deputy governor of the Bank the appearance of Mohammed Saleh said that ” higher prices in the world and especially in the dollar has reflected on Iraqi imports of goods and commodities, causing higher prices inside Iraq and led to inflation
2011-09-29 11:18:09
BAGHDAD (Iba) – The Iraqi List, said its president, Iyad Allawi, received a telephone call Wednesday evening from U.S. Vice President Joseph Biden took a half-hour trading parties the issue of U.S. withdrawal from Iraq and the dimensions of the national partnership and the implications of not afflict any individual from its vocabulary and its impact on the future of Iraq.
Confirmed that the Iraqi in a press statement posted on the site Iyad Allawi website that the head of the Iraqi received a telephone call Wednesday evening from Mr. Vice President Joe Biden U.S. trading parties in the conversation, which exceeded half the dimensions of the national partnership and the implications of the lack of any single of the vocabulary on the future of Iraq.
Baghdad, September 30 / September (Rn) – A coalition led by Prime Minister Nuri al-Maliki on Friday said that the differences circle within the Iraqi List, was the main reason behind the lack of resolution of the issue of nominations for the defense portfolio, noting that the National Alliance to resolve its candidates for the interior ministry, there are no problematic within the components national levels.
It is hoped that the leaders of political blocs to a meeting described by Allawi’s list Balhacm next week on the file naming security minister after the return of President Jalal Talabani of New York.
Varied views of a number of experts and specialists in economic affairs in the process of deletion of zeros and replace the Iraqi currency, between a pro her shows split most of the opinions of those interviewed (morning), while some see the importance that the central bank’s implementation of fiscal policy, without confusion, and as planned, others that seeks Central to the study of intensive and extensive process,
which they said: It may not benefit the national economy with something, and the number of experts pointed out that the application of the process of removing the zeros can not achieve success desired only under stable economic conditions, which is not seen Iraq at the moment According to expert opinion, is that specialists others made clear the importance, as it confirmed that it can maintain the stability of the dinar on one hand and reducing the monetary bloc in the Iraqi market, which is approaching four trillion paper reviews the other hand. is not the time
Baghdad, September 30 / Spettmr (Rn) – A member of the parliamentary oil and energy, said Friday that his committee decided to postpone the adoption of a law the national oil company until the passage of a law of oil and gas.
Said Furat al-Shara told the Kurdish news agency (Rn) that “the Commission on oil and energy parliamentary law firm decided to withdraw the national oil until the oil law and the gas form of political support the country’s oil.”
WASHINGTON — US Vice President Joe Biden met at the White House with Kuwaiti Prime Minister Sheikh Nasser Mohammad al-Ahmad Al-Sabah for talks on the Arab Spring and the emirate’s thorny ties with Iraq.
Read more: http://bit.ly/owJSn2
WASHINGTON, Sept 29 (KUNA) — US Secretary of State Hillary Clinton met His Highness Kuwaiti Prime Minister Sheikh Nasser Al-Mohammad Al-Ahmad Al-Sabah here Thursday.
A Kuwaiti lawmaker has dismissed demands by more than 100 Iraqi parliamentarians to their government to reject the current United Nations border demarcation between Kuwait and Iraq
Manama: A Kuwaiti lawmaker has dismissed demands by more than 100 Iraqi parliamentarians to their government to reject the current United Nations border demarcation between Kuwait and Iraq.
An Iraqi parliamentary bloc last week said that it was signing up lawmakers to force the government to call for a review of the border agreement “reached under pressure from the US”.
Bloomberg reports that Iraq has made its first payment on a $3 billion program to buy 18 Lockheed Martin (LMT) F-16 fighter jets.
Pentagon spokesman George Little commented: “A long-term strategic relationship with Iraq is important. We seek to find ways to enable the Iraqis to provide for their own security and to add to greater stability in
the region.”
He told reporters that the base value of Iraq’s jet order is about $3 billion, but that with all options for equipment and services the total value of the agreement may reach $4.2 billion.
BAGHDAD — Iraq’s Human Rights Ministry has decided to create a center tasked with identifying the thousands of unidentified bodies found in Saddam Hussein-era mass graves in Iraq, RFE/RL’s Radio Free Iraq (RFI) reports.
Human Rights Ministry spokesman Kamil Amin told RFI on September 20 that the unresolved situation has pushed the ministry to establish the special center, which will work with other ministries and health institutions to identify the remains from mass graves.
“This is a huge and very ambitious project that will need governmental and political support,” Amin said. “We also asked many other countries with similar experiences for help, such as Bosnia-Herzegovina,” he added.
The Hussein regime used to arbitrarily arrest, torture, and often kill and bury anyone suspected of being an opponent of the government.
Egypt is being considered for incorporation into the Gulf Corporation Council (GCC).
Discussions are under way about making Egypt a GCC member, the Kuwaiti al-Watan newspaper reported Gulf sources as saying.
The sources also said that the GCC states are enthusiastic about Egypt joining, as the country has the capabilities and shares mutual strategic interests with the Gulf states. Egypt’s security historically has also been linked to the security of the Gulf, they added.
MANILA, Sept. 28 –The ASEAN-Gulf Cooperation Council (GCC) Ministerial Meeting was held in New York on Monday, on the sidelines of the 66th Session of the United Nations General Assembly (UNGA).
The Meeting was co-chaired by the Indonesian Foreign Minister, H.E. Dr. R. M. Marty M. Natalegawa, and the Foreign Minister of the United Arab Emirates, H.H. Shaikh Abdullah Bin Zayed Al-Nahayan. The Secretary-General of GCC, Dr Abdul Latif bin Rashid Al-Zayani, and Deputy Secretary-General of ASEAN for ASEAN Political Security Community, Mr Sayakane Sisouvong, were also in attendance.
29/09/2011 12:05
Baghdad, September 29 / September (Rn) – The Iraqi List led by former Prime Minister Iyad Allawi said Thursday that the meeting of leaders of political blocs is expected it will be crucial for the candidates and the defense and interior ministries, saying it has provided so far 16 candidates for the defense, while the National Alliance did not provide any candidate of the Interior.
And the political blocs agreed to be the portfolio of the Ministry of Interior of the share of the National Alliance, and the defense share of the Iraqi List, except that each party’s candidates refuse to the other party under the pretext of lack of impartiality and efficiency of candidates.
He specializes in economic affairs Dargham Muhammad Ali, to the budget of 2012 will not strengthen the Iraqi economy and it needs to review and deliberate, and well-studied, pointing out that the budget deficit increased to (23) trillion dinars and this great imbalance must be addressed .
and Mohammed Ali in a statement to the Contact Agency (news) on Thursday: “Although the budget of 2012 a very large but there were no signs of improving economic reality for the next year even though they promote consumer spending, but far from strengthening the infrastructure, which resulted from poor Planning and defective laws, and saw Muhammad Ali that the 2011 budget better than the budget 2012 to increase the deficit, which rose to (23) trillion Iraqi dinars can not assess the balance at the expense of the deficit. “
