Iraqi government announced, Wednesday, said U.S. companies invested will enter Iraq early next year to invest in all areas.
The media adviser to Prime Minister Ali al-Musawi’s “Twilight News”, “A lot of U.S. companies will enter Iraq early next year to invest in all areas of agriculture, industry, construction and others.” (more…)
Syria will introduce a managed float of its currency next week, central bank Governor Adib Mayaleh said. The move will allow the pound to devalue after demand for foreign currency drove a surge in black-market rates.
“We will have a partial managed float, allow the rate to be determined by the market and intervene when necessary,” Mayaleh said in a phone interview from Damascus today. “If we see a rate, like that of 70 pounds now, which I don’t like, then we will intervene, and next week there will be a positive intervention by the central bank with the injection of foreign currency into the market.”
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Insurer determines next February as the date for the reopening of the embassy in Iraq
18/01/2012 12:01
Kuwaiti Ambassador in Iraq to the insured declared his intention to return to active duty in Baghdad early next month,
expressing optimism that the relation between the two countries made progress in all areas, the insured said that his return to Iraq would be after the finalization of the contract security company that will protect Embassy stressing that he will begin work on preparing the ground for the mutual visits between the Prime Ministers of both countries and the work of the Joint Committee (more…)
It’s a mostly forgotten story, but GM once planned to build a factory in Iraq. And it’s a mostly obscure statistic, but the company has finally started moving the metal there.
As former GM executive Warren Browne recalls it, the factory was going to produce mid-sized cars, probably Malibus. To hustle the project along, there were five dozen Iraqi engineers working at company headquarters in Midtown.
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The World Bank says it expects Iraq’s gross domestic product (GDP) to grow by 12.6 percent in 2012, and 10.2 percent in 2013, following a growth of 9.6 percent last year.
If achieved, this would give a compound growth of 36 percent in just three years.
This follows a downward revision of growth expectations for the world as a whole, with the global economy expected to expand 2.5 and 3.1 percent in 2012 and 2013 (3.4 and 4 percent when calculated using purchasing power parity weights), versus the 3.6 percent projected in June for both years.
19/01/2012 21:10
A number of economists, that the five-year plan did not prove successful in the implementation of investment and reduce unemployment and poverty in Iraq, arguing that the impact of political differences on this plan and to block their implementation.
The economist said Bassem Jamil Antoine “The five-year plan launched in In 2010 Not achieved the desired effect after two years to begin implementation as the poverty rate by 23% did not fall to 19% as planned at the end of 2011. ” (more…)
19/01/2012
BAGHDAD / Nina / MP for the mass change Bayazid Hassan, “The axes of a meeting of Kurdish blocs in Erbil yesterday addressed the importance of application of the Constitution and the agreement of Arbil and the success of the national conference called by President Jalal Talabani.”
He said in a statement to the Agency for National Iraqi News / Nina / day: that the meeting also stressed on the take actions Article / 140 / of the Constitution and the need to implement the general census of the population as a civilizational project and establish a sound database to serve Iraq in the fields of economy and create the ground a fair distribution of wealth and the general budget ” . (more…)
19/01/2012 17:39
Called the National Alliance and a member of the oil, energy and natural resources in the House of Representatives MP Susan Saad to speed up passage of oil and gas law and the one who will take the appropriate mechanism to resolve all legal disputes, between the central government and local governments. “
Saad said “The lack of prior coordination between the Oil Ministry and related departments of the local provinces was due to the absence of a law draws the right steps to agreements with specialized international companies, causing a form of legal and administrative how to contract and the competent authority in that.” (more…)
Iraq does not trust the reports of Transparency International and its membership is expected
THURSDAY, 19 JANUARY 2012
The spokesman for the initiative to support transparency in the oil industry, on Thursday, that Iraq had tried since 2010 to join the initiative of Transparency International in the field of oil industries and extractive of the United Nations, noting that Iraq is still awaiting the report on the acceptance or not in light of the standards in force in this organization.
A spokesman for the initiative to support transparency in the oil industry and extractive in Iraq Abbas Ghalibi that “Iraq has joined the organization since 2010, but he has to wait until August of this year to know whether it will accept a member in the light of the standards set at this level or not because there are strict criteria in light of the admission. ” (more…)
On: Friday 1/20/2012 9:26
Basra (news) .. called the Office of International Trade and Transport in Basra to activate the Law of Free Zones Authority, and the enactment of new laws qualify that Iraq will be a free zone for the exchanges of international trade.
The adviser said the office reconcile inhibitor in a statement to the Agency (news) Friday: We demand the government Federal activating the law of the free zones of the Year (1997), and the House of Representatives legislation of new laws give the consistence of Iraq that established a free zone for the exchanges of international trade on its own, as is the basic foundation for building and developing the Iraqi economy. (more…)
Gathered in the Iraqi Diyala: solving the crisis can be an early election or replace Maliki
On: Friday 20/01/2012 11:09
Baghdad (news) .. announced gathering of Iraq in Diyala support for the presentation of the existing Iraqi President Iyad Allawi of the three options in the event of failure of the National Congress.
The RCD said in a statement today, he received the Agency (news) copy of it: that the ideas proposed by Allawi’s rejection of the dictatorship and the work of repression carried out these days in each country, and its emphasis on the need to change the presidency of the current government headed by Nuri al-Maliki, is a requirement for the whole people. (more…)
On: Wed, 19/01/2012 14:14
Baghdad (news) .. confirmed leader of the Liberal block of the Sadrist MP / National Alliance / Rafie Abdul Jabbar Noshi, the absence of the Iraqi List, from the meetings of the House of Representatives, the Council can not approve the financial budget for the current year.
He said Noshi in a statement (for the Agency news ) Thursday: The crisis existing in the case of escalation comes as pressure from the Iraqi List, the National Alliance and a coalition of state law, particularly to achieve what he did accomplish in the previous period.
The MP for the National: The absence of the Iraqi Council of Representatives, the Council can not approve the financial budget for the current year, which waits impatiently for the citizen, expressing surprise at the persistence of the Iraqi province of the meetings of the House and Cabinet.
On: Friday 20/01/2012 15:39
Baghdad (news) .. Between a member brings the future National MP / National Alliance / appearance of the al-Janabi, to the list hope to implement all its demands during the National Conference.
Janabi said in a statement (for the Agency news) Friday: that the Iraqi list of great hope to implement what was declared by the demands for end the boycott of the meetings of the House and the Minister, adding that all problems will be solved, such as demanded by Iraq through dialogue and Negotiations and sit among the leaders of political blocs, and through the National Congress is expected to take place.
The Iraqi MP, to the deterioration of the political situation does not serve the process political or democratic experiment, as it will hurt all the political blocs.
VietFinanceNews.com – Vietnam is forecast to have GDP growth rate of 5.7% in 2012, compared to the government’s target of 6.0-6.5%, HSBC Global Economics Research Team wrote in its Macro Asian Economics Q1/2012.
HSBC Global Research said:
Despite sluggish global growth and challenging domestic conditions, Vietnam’s growth momentum has been impressive. GDP expanded 6.1% y-o-y in 3Q 11 (versus 5.7% in 2Q 11) thanks to robust exports and domestic demand. We expect GDP growth of 5.8% in 2011 and 5.7% in 2012 (the government’s target is 6.0-6.5% for 2012). (more…)
VietFinanceNews.com – Vietnam’s dong advanced to its strongest level in a month after the central bank said inflation would slow. Government bonds were steady.
Consumer prices will rise less than 12 percent at worst and about 8.5 percent in a “good” scenario, central bank Governor Nguyen Van Binh said on Jan. 12. Inflation in the $104 billion economy was 18.1 percent in December. The dong will depreciate 2 percent to 3 percent this year, Binh said. That would be the least since 2007, according to data compiled by Bloomberg. (more…)
