Archive for November 28, 2011

Senior Iraq Source: US Vice President to visit Baghdad in 48 hours

Posted: November 28, 2011 in Iraqi Dinar/Politics
Tags: , , , , , , ,

A senior government source revealed (the news) for Biden’s visit to Baghdad in 48 hours

Baghdad (news) .. up through (48) hours the next U.S. Vice President Joe Biden to Iraq in a visit for a day or two days looking through a number of issues concerning the U.S. withdrawal from Iraq, and the relationship between Iraq and the United States.

A government source said a high level ( Agency news) on Monday: that Vice President Joe Biden will arrive in Iraq in the (48) hours coming to discuss a number of common issues and will meet during his visit, both the Prime Minister and President and Chairman of the House of Representatives, as well as his meeting with leaders of political blocs. (more…)

Iraqi Foreign Minister, US Ambassador discuss Strategic Framework agreement and activation of coordinating committees

Posted: November 28, 2011 in Iraqi Dinar/Politics
Tags: , , , , , , ,

Zebari discuss with Jeffrey Alasttrateja activating the Framework Agreement and the Joint Coordinating Committees

Baghdad (news) .. Research and Foreign Minister Hoshyar Zebari in the headquarters of the ministry, with James Jeffrey, U.S. Ambassador in Iraq, plans and programs of governments to give effect to the framework agreement Alasttrateja and activate the coordination committees in common.

According to a statement of Foreign Affairs received the Agency (news) a copy of it on Monday: the the two sides discussed relations between Iraq-US after the withdrawal of U.S. troops end of the year, as well as plans and programs of governments to give effect to the framework agreement Alasttrateja and activate the coordination committees shared on cooperation in political, diplomatic and energy, trade and services, education and cultural exchange and judicial cooperation. (more…)

U.S. Vice President to visit Turkey in early December

Posted: November 28, 2011 in Iraqi Dinar/Politics
Tags: , , , , , , ,

Arbil, November 28 (Rn) – Turkish media sources said on Monday that U.S. Vice President Joe Biden will pay an official visit to Turkey early next month, according to a Turkish site Khepri.

The Web site, “Turkey Day” to “Vice President Joe Biden, Khatib will pay in the first of December next official visit to Turkey for talks with senior officials on a number of bilateral and regional issues.” (more…)

Reuters: Subsea cable network to upgrade Iraq links to GCC

Posted: November 28, 2011 in Iraqi Dinar/Politics
Tags: , , , , , , , , ,

* 13,000 km subsea cable network to link GCC with Iraq, Iran, India and Europe
* $500 mln invested thus far, expansion into Singapore planned
* Shareholders include regional sovereign wealth funds QIA and KIA

DOHA, Nov 28 (Reuters) – Qatar-based Gulf Bridge International (GBI) is completing the final stages of a submarine cable network that will give Iraq fast, reliable connections to other parts of the world for the first time, the network’s operator said on Monday. (more…)

Shake up in the Kuwaiti Government?

Posted: November 28, 2011 in Iraqi Dinar/Politics
Tags: , , , , , , ,

AP: Kuwait opposition: Government offers resignations
By BRIAN MURPHY, Associated Press

DUBAI, United Arab Emirates (AP) — Kuwait faced a fresh bout of political uncertainty on Monday after opposition lawmakers said the government has submitted its resignation to the Gulf nation’s ruler amid a growing crisis over corruption accusations.

However, there was no official word on such a move, which could lead to parliament being dissolved and new elections — if it’s accepted by Kuwait’s emir. (more…)

Khalil: Iraq’s economic potential to allow it to be the first Middle Eastern

Posted: November 28, 2011 in Iraqi Dinar/Politics
Tags: , ,

Baghdad} Euphrates News MP from Kurdistan Alliance Mahma Khalil, the potential of Iraq deserve to be in first place in the Middle East and the world economy.

He said in an interview with The News} {Euphrates on Sunday that “the global economy rely on Iraq, much to narrow the recession because of its possibilities in the field of energy or investment in the Iraqi state.” (more…)

IBN: Iraqi Central Bank to Issue New Notes

Posted: November 28, 2011 in Iraqi Dinar/Politics
Tags: , , , , , ,

AKnews reports that the Iraqi Central Bank (ICB) has confirmed it will issue a new bill with a value of 50,000 IQD ($43) but marked as 50 dinars.

Deputy chairman of the ICB Dr Muzher Saleh said the bank is working to issue this new money in addition to coins in both Arabic and Kurdish in an effort to address the liquidity problem in Iraq. (more…)

Growing number of politicians, experts call for an amended investment law; Says current law hinders future private sector investment

Posted: November 28, 2011 in Iraqi Dinar/Politics
Tags: , , , , , , ,

MPs and experts are calling for an amendment to the third law of investment and involvement of the private sector to facilitate the work of investors
Date: Monday, 11/28/2011 12:12

Baghdad (news) / report / Faleh Hussein / .. The whole parliamentarians and experts in the economy necessary to amend the third law of investment for the year (2010) because it contains clauses that hinder the work of investors in Iraq, making the most of the investors are reluctant to invest, calling their talk (of the Agency news) to involve the private sector (more…)

Deputy warns global economic crisis will affect Iraq; Calls to develop solutions to avoid them

Posted: November 28, 2011 in Iraqi Dinar/Politics
Tags: , , , , , , ,

Deputy warns of Iraq affected the global economic crisis .. calls to develop solutions to avoid them

Baghdad (news) .. Hdhiredo the Finance Committee and the representative / coalition in Iraq / Ibrahim al-Mutlaq, the vulnerability of Iraq’s economic crises the world that stipulating a single, calling for: development of future solutions to avoid them.

Mutlaq said in a statement to the Agency (news) on Monday: It is likely that the world is experiencing economic crisis, a new and be stronger than the previous and Iraq will be affected by being a certified Baaradath annual oil only, pointing out: that the global economic crisis resulting from low Saralnaft in the markets the world’s oil, which will affect the Iraqi economy as a yield. (more…)

US withdrawal will contribute to an increase in unemployment within Iraq

Posted: November 28, 2011 in Iraqi Dinar/Politics
Tags: , ,

Economy is expected to increase the unemployment rate in Iraq after U.S. withdrawal
Date: Monday, 11/28/2011 14:17

Baghdad (news) .. Likely economic expert Hamid Wasti increase the unemployment rate in Iraq after U.S. withdrawal that most of the U.S. bases were absorbed large numbers of young people.

said Wasti told the reporter Agency (news) on Monday: that unemployment in Iraq will increase significantly after the U.S. withdrawal as a result, most U.S. bases in all governorates of Iraq, she was thousands of young people unemployed in Iraq as translators, engineers and workers and is compared to the salaries of high financial. (more…)

House of Representatives voted to continue to read the three bills and adjourn until Wednesday

Posted: November 28, 2011 in Iraqi Dinar/Politics

Date: Monday, 11/28/2011 17:00

Baghdad (news) .. questioned the House of Representatives in the regular session of the Fifth of the second legislative term of the year the second legislative session was chaired by Osama Najafi, Chairman of the House of Representatives and the presence of 185 deputies, Saber al-Issawi Secretary of Baghdad with sound in principle to continue to read the three bills. (more…)

Iraq expects $95 oil price for 2012 budget

Posted: November 28, 2011 in Iraqi Dinar/Politics
Tags: , , , , , , ,

BAGHDAD, Nov. 28 (AKnews) – For its calculation of the 2012 budget, the Iraqi government uses an estimated average price per barrel of crude oil of $95 USD (113,300 IQD).

The government did not follow recommendations of the Finance Committee in the Council of Representatives to consider a lower oil price of $75 USD (89,400 IQD). The Committee had warned last Thursday that a drop of the oil price could negatively affect Iraq’s budget plans. (more…)

Forecast to increase Iraq’s export share in OPEC

Posted: November 28, 2011 in Iraqi Dinar/Politics
Tags: , , , , , , ,

among the oil expert suggested increasing the share of Iraq’s export of oil by OPEC, as confirmed among the parliamentary adoption of the price of $ 85 a barrel in the state budget for next year 2012.

And oil expert predicted Halim Kazem increase the share of Iraq’s export of oil during the year (2014) by the “OPEC” as a result of decline in many countries Bantegadtha oil. Kazim said, according to the Agency (news): Many oil-exporting countries in the world would fall produced oil during the year (2014), which will push the “OPEC” to increase the versions of some oil-producing countries and with an increase of local production such as Iraq and Saudi Arabia. (more…)

Iraq: Iraqi dinar is stronger currencies Arab region

Posted: November 28, 2011 in Iraqi Dinar/Politics
Tags: , , , , , , ,

25/11/2011

The dawn of the Iraqi Central Bank economic surprise announcement that the Deputy Governor Reserve Bank’s foreign currency amounted to about sixty billion dollars, the highest on Iraq.

This announcement was commonly denied or that the common problems in Iraq permanently, but encompassed the other surprise is that any currency dinar has become one of the strongest currencies in the region including the Gulf currency, according to contexts of monetary policy. (more…)

Parliament starts its fifth session headed by Nujaifi with agenda focused on questioning of Baghdad’s Mayor

Posted: November 28, 2011 in Iraqi Dinar/Politics

28/11/2011
Parliament started questioning of Baghdad’s Mayor Saber Iissawi soon after started this morning its fifth session headed by Speaker Osama Nujaifi and attended by 200 deputies which is focused on the questioning procedures .

The agenda of today’s session include also the vote on principle draft law to support development projects elaborated by parliamentary Committee on , Economic, Finance and Legal draft Laws”

http://bit.ly/uxbeic

Economic Commission: Tariff Act legislation will enact soon

Posted: November 28, 2011 in Iraqi Dinar/Politics
Tags: , , , , , , ,

Sunday, 27 November 2011

BAGHDAD / With: A member of the Economic Committee in the Iraqi Council of Representatives that the Law on customs tariff will be enacted soon Vdilaa for other economic laws.

He Mayahi of the reporter and the news agency the future that the “law of the customs tariff is the backbone of the basis for the Iraqi people,” adding that “the customs tariff is the life of Iraq’s economic, both lifting and lifting the economy and sustainability, or reduced, which leads to Throh living situation for the Iraqi people.” (more…)

CBI Daily Currency Auction Nov 28, 2011: $138.5 million

Posted: November 28, 2011 in Iraqi Dinar/Politics
Tags: , , , , , , ,

The latest daily currency auction was held in the Central Bank of Iraq on the 28-NOV-2011. The results were as follows:

DETAILS NOTES
Number of banks 23
Auction price selling dinar / US$ 1170
Auction price buying dinar / US$ —–
Amount sold at auction price (US$) 138,580,000
Amount purchased at Auction price (US$) —–
Total offers for buying (US$) 138,580,000
Total offers for selling (US$) —–

Nujeifi discusses with the International Monetary Fund tackling the Iraqi debts

Posted: November 28, 2011 in Iraqi Dinar/Politics
Tags: , , , , , , ,

28/11/2011 14:17:00

Baghdad (NINA) – Parliament Speaker, Osama Al Nujeifi, discussed with a delegation from the International Monetary Fund means to help Iraq and tackle its international debts.

A statement issued by Nujeifi’s media office today said he stressed “during the meeting, present by Finance Minister, Rafi’ Al Esawi, and the Minister of Planning, Ali Yousif Al Shukri, Secretary General of the Cabinet, Ali Al Allaq, on the importance of the IMF in correcting Iraq’s economy route,” demanding “to speed up finishing the 2012 budget in a short time.” (more…)