The following is a cursory glance at the six nations which comprise of the GCC and how it compares to Iraq. The six nations which is made up of Kuwait, Bahrain, Oman, United Arab Emirates, Qatar, and Saudi Arabia indicate exchange rates ranging from about $0.27 USD upward to $3.61 USD and averaging $1.61 USD. The economic indicators primarily reflect conditions as of 2010.
JURIST Guest Columnist Douglas Cox of the City University of New York School of Law says that the Kuwaiti national archives, which were taken by Iraqi forces in 1990, have still not been returned and keep the post-Saddam Iraq under a UN Security Council resolution aimed at having the documents returned…
As the final US military convoy left Iraqi territory last month, the US, along with other members of the UN Security Council, criticized Iraq’s lack of progress in locating Kuwaiti national archives — the historical records of the nation — that disappeared during Saddam Hussein’s 1990 invasion. (more…)
Baghdad, January 23 (Rn) – The parliamentary Finance Committee on Monday that Iraq does not need to borrow from the IMF. She noted that the budget deficit in 2012, the amount to $ 13 trillion dinars can be paid originally from the price of oil.
acknowledged the Iraqi government last year’s budget in 2012 which amount to 100 billion dollars (about 117 trillion Iraqi dinars) and a deficit of up to $ 13.5 billion (about 17 trillion dinars).
It was hoped to proceed with the House of Representatives after the discussion of budget items in preparation for approval by the emergence of political problems hit the legislative institution a kind of inertia. (more…)
By khabaar khaba since 19 hours 28 minutes
A member of the Commission on oil and gas Furat al-Shara said “the central government and the province reached a deal to pass this law in the coming days, saying” that his committee is determined to feminine paragraphs of oil and gas law to pass in the House of Representatives.
And Shara in a statement singled out by the reporter and agency news of news (and brother): “The Commission on oil and gas, you want feminine of this law in order to have the law ready to pass the consent of all the political blocs.
Certain that the next few days will see the adoption of oil and gas law for the existence of serious steps and stressful to pass this law
In a continuing effort to improve relations, Iraq and Kuwait signed a first-of-its-kind memorandum of understanding on trade on Tuesday (January 3rd), which allows companies and businessmen to travel between both countries without visas.
Officials and trade experts in both countries welcomed the initiative that seeks to expand trade and stimulate economic co-operation.
The memorandum is renewable after three years. (more…)
Policy because of the economy crisis topple government
Date: Monday, 23/01/2012 18:29
Iraq .. And well-being of the citizen
BAGHDAD – Editor
He is an economist he can not achieve prosperity for the Iraqi people in a country of war and siege and occupation and placed amid dire security concerns of politicians in Iraq, which is not the same priorities of interest to the community. According to experts, the country needs foreign investment for the advancement of infrastructure Almthrih.
Although the economy and politics do not intersect but they do not meet at the same time .. It is known that the capital investment of only a coward that he entered Iraq to shame hardly registers his presence despite the enactment of the investment and the adoption of amendments to it. (more…)
MONDAY, 23 JANUARY 2012
BAGHDAD – AFP – The United Nations envoy to Iraq, told AFP that Iraq and Kuwait, thinking to re-invest the remaining war reparations on Baghdad for the benefit of its southern neighbor, the Fund invests in Iraq.
Iraq continues to pay five per cent of its oil revenues to meet the $ 18 billion dollars in compensation by the residual of Kuwait.
For the benefit of the people of Iraq (more…)
PUKmedia on (AFP) 01/23/2012 12:14:03
The Special Representative of the Secretary-General of the United Nations in Iraq, Martin Koppel yesterday, said that Iraq and Kuwait, thinking to re-invest the remaining war reparations on Baghdad for the benefit of its southern neighbor, the Fund invests in Iraq.
Iraq continues to pay five percent of its oil revenues to the United Nations Compensation Fund to fill a $ 18 billion in compensation by the residual of Kuwait, which has long demanded that Iraqi leaders to reconsider this debt.
Koppel said that «there is a proposal on the table provides the remaining funds to invest in Iraq». (more…)
PUKmedia 23-01-2012 14:26:13
BAGHDAD: Iraq and Kuwait are considering a plan to pay the war reparations which Baghdad still owes its neighbour into a fund for Iraqi investments, the UN’s envoy told AFP on Sunday.
Iraq, which pays five percent of its oil revenues into a UN reparations fund, is required to hand over another $18 billion (13.92 billion euros), the bulk of it to Kuwait.
Iraqi leaders have frequently called for oil-rich Kuwait to review its demands for payment. (more…)
Monday January 23, 2012
Denied by the Kurdistan Alliance MP Ashwaq dry news to suggest that the Kurdistan Alliance, speaking on condition on the government to approve the implementation of Article 140 and the oil and gas law to vote against the federal budget for the year 20,012.
Dry said in a statement summed up by the news agency of public opinion (and babysit) on Monday: that the news baseless and that the Kurdistan Alliance can not compromise on these articles because they are constitutional duties and not outside the framework of the Constitution. (more…)
Date: Monday, 23/01/2012 18:28
World Bank study completed for the restructuring of Rafidain and Rasheed Iraqi government, and that he expected the government decision to implement the study.
The central bank had last February allocated $ 10 million grant for the restructuring of banks during the next two years.
The director of the unit restructure the Rafidain and Rashid Majid picture (Rn) that “the Rafidain and Rasheed has ended a study of the restructure, especially regarding the application of financial restructuring and the removal of bureaucratic barriers and the Department of State banks.” (more…)
Date: Monday, 23/01/2012 15:19
BAGHDAD (Alakhlaria) .. raise the House of Representatives its session today, which was held under the chairmanship of Osama Najafi to Tuesday of next week.
According to a statement to the House of Representatives received the Agency (news) a copy of it on Monday: that the House voted in the fifteenth meeting, held under the chairmanship of House of Representatives Osama Najafi voted on eight bills as well as the resumption of debate on the draft law of the financial budget for the current year. (more…)
The latest daily currency auction was held in the Central Bank of Iraq on the 23-JAN-2012. The results were as follows:
| DETAILS | NOTES |
| Number of banks | 19 |
| Auction price selling dinar / US$ | 1166 |
| Auction price buying dinar / US$ | —– |
| Amount sold at auction price (US$) | 202,060,000 |
| Amount purchased at Auction price (US$) | —– |
| Total offers for buying (US$) | 202,060,000 |
| Total offers for selling (US$) | —– |
Date: Monday, 23/01/2012 13:51
Baghdad (news) .. said analyst economy cute Abdul Salem Ugaili the importance of a budget bill to invest in the future, through the rehabilitation of economic sectors and the provision of infrastructure and services through investment, calling attention to the private sector and work on financial diversification of income for the state’s annual report.
said Ugaili in the analytical study prepared by the (agency news) on Monday: The state budget as the estimated outline is supported contains a general revenue that is expected to be collected by the state, and public expenditure to be spent during the financial year to come, Valmoisna serves as the program’s financial plan for fiscal year future in order to achieve specific objectives within the framework of the general plan for economic and social development of the state. (more…)
23/01/2012 PM
Criticized by the Economic Commission for MP / National Alliance / Abdul Hussein Resan budget this year because they do not meet the ambitious and suffers from many problems, pointing at the same time that Iraq did not have a clear financial policy for the financial Tsieramorh in the state.
The Resan in a press statement on Monday: that the general budget, is still in a classic and traditional, ie it is by the junior staff do not have the experience and competence in this area, stressing that they depend only on adding specific percentages of the financial allocations ignoring the modern methods used in the world in the process of preparing the state budget. (more…)
MONDAY, 23 JANUARY 2012
Attributed the Deputy for State of Law coalition, on Monday, the shortfall in the budget this year and previous years to what he called “mentalities classics that have adopted the planning of budgets,” pointing out that it can not allocate a percentage of oil imports salaries for citizens at the moment.
The Iraqi government has approved the Federal Budgeting for the year 2012, valued at $ 100 billion, an increase of 22 percent from the previous year, a shortfall of about $ 13 billion, as revealed the parliamentary finance committee from reaching the operating budget 70% of the budget in 2012. (more…)
1/23/2012 11:41 AM
BAGHDAD / Aswat al-Iraq:
The Iraqi Parliament is scheduled to discuss in its Monday session the draft-law for the country’s Federal Budget for the year 2012, along with several other draft-laws, including the draft-law on the rules for the nomination of the President, according to a Parliament’s statement.
“The Parliament shall resume its discussion of the Federal Budget for the year 2012, along with the organization of the draft-law for the nomination of the President and the the nomination of one or more than one Vice-Presidents for the country,” the statement, as was received by Aswat al-Iraq news agency, stressed. (more…)
23/01/2012
Session started with the House of Representatives (15) of the second legislative term of the year the second legislative headed by Osama Najafi, and the presence of 204 deputies.
The source said in a press statement on Monday: that today’s meeting will vote in principle a draft law amending the Penal Code No. (111) of 1969 Special Article (261), and vote on a bill accession of the Republic of Iraq to the international convention against doping in sport, and vote on the bill join the Republic of Iraq to the United Nations Convention on the Rights of Persons with special needs. (more…)
23/01/2012 10:14
CAIRO, Jan. 22 (AKnews) – Undersecretary of the Arab League Ahmed Bin Hilli is on way to Iraq at the head of a high level delegation to make sure preparations for the next summit to be held in Baghdad in March are in place.
Iraq’s representative to the Arab League Qais al-Azzawi told AKnews that Bin Hilli will meet with Iraqi Prime Minister Nouri al-Maliki, Foreign Minister Hushyar Zebri and a number of top officials in the country to discuss the procedures and final preparations ahead of the League’s next summit that’s expected to be held in Baghdad in March.
The Arab League summit which was originally scheduled to take place last year has been postponed several times as a wave of protests swept across the Arab countries in the region.
