Archive for February 24, 2012

Talabani: We want better consolidation of relations with Kuwait

Posted: February 24, 2012 in Iraqi Dinar/Politics
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On: Saturday 02/25/2012 10:56

Said President Jalal Talabani, on Friday, Iraq’s desire to strengthen relations with Kuwait and push it for all the “defects”, and called for the development in other areas of political, economic, cultural and social development, stressing the work to spread the “climate of fraternal” and closer “fraternal ties”.

He congratulated Talabani, in a telegram sent to the Emir of Kuwait Sabah Al-Ahmad Al-Jaber Al-Sabah on the occasion of National Day of his country, and congratulated the Kuwaiti government and people “, in commemoration of National Day of Kuwait, and said” my own behalf and on behalf of the Iraqi people affirm our desire to consolidate the fraternal relations between our two countries and the distance of all defects. (more…)

Blocs agree to adopt Erbil Agreement on national meeting, says MP

Posted: February 24, 2012 in Iraqi Dinar/Politics
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Thursday, 23 February 2012
Baghdad (AIN) -MP Hassan Shuwaired of the Iraqiya Slate (IS), emphasized existence preliminary accordance among the political blocs on Erbil Agreement.

He declared for All Iraq News Agency (AIN) that “The meetings of the Preparatory Committee for the national meeting show clear vision of political blocs’ agreement on Erbil agreement in order to be formally discussed and therefore applying its terms.” (more…)

Iraq decides to release the budget early next month

Posted: February 24, 2012 in Iraqi Dinar/Politics, Top Headlines
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Baghdad, February 24 (Rn) – The Iraqi Ministry of Planning and Federal, on Friday, it will launch a budget in 2012 in the first of the month next to the ministries for the purpose of accelerating the implementation of important projects.

And approved the Iraqi government in its emergency meeting in (05/12/2011) budget in 2012 by $ 100 billion (about 117 trillion Iraqi dinars) and a deficit of up to $ 13.5 billion (about 17 trillion dinars). (more…)

Mahma MP Khalil: the banking sector fails to cause the reluctance of investors to enter Iraq

Posted: February 24, 2012 in Iraqi Dinar/Politics
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On: Friday 02/24/2012 13:04

Baghdad (news) .. Download a member of the Economic Commission deputy / Kurdistan Alliance / Mahma Khalil banking sector caused by the reluctance of foreign investors to enter Iraq for the purpose of investment, as it still works according to the old laws and impeding the investment process.

Khalil said in a statement to the Agency (news) Friday: The banking sector Iraq is one of the sectors underdeveloped in the region because it is still working systems of ancient non-sophisticated technology and has a staff administrative impede the investment process through the procedures of routine complexity, what led to the reluctance of foreign investors from entering Iraqi territory to for investment. (more…)

Iraqi parliament approved the 2012 budget worth 100.5 billion dollars

Posted: February 24, 2012 in Top Headlines
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24/02/2012 07:39

Baghdad, February 24 (Rn) – Iraqi Council of Representatives approved on Thursday the budget in 2012, worth 100.5 billion dollars after a delay of weeks because of disagreements on how it was spent, which is usually accompanied by the adoption of state budget finances.

The House proceeded to vote on budget items yesterday afternoon and continued the session until midnight in the presence of 248 deputies, and headed by Osama Najafi. (more…)

Editorial: The essence of the deletion of zeros .. Technical or economic?

Posted: February 24, 2012 in Top Headlines
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23/02/2012

There are discussions ongoing about the importance of changing the currency or the deletion of zeros in particular, and most recently told the CBI on the intention to perform this task next year, this issue is a technical matter of form, but in fact is directly related to the general economic situation, it is wrong to the large separation of monetary policy economic policy, there is a close correlation between them.

And if we wish to offer on such a step we have to look at the economic reality and analyzed accurately, the country in a difficult regardless of the talk is much that is said here and there, it’s economy is not uniform and suffers from gaps seriously, the situation in Kurdistan separate cases almost in terms of economic processes and financial and in the provinces are making contacts and initiatives and attempts to declare the so-called federalism here and there. (more…)

For the first time in the history of Iraq, the budget provides for the distribution of cash from oil exports increase on the citizens

Posted: February 24, 2012 in Top Headlines
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Agency learned of all of Iraq [where] the law of the financial budget approved by the House of Representatives tonight obliging the government to distribute cash money on the people and for the first time in the history of Iraq.

And provided a special paragraph so that the “Federal Council of Ministers on the allocation of 25% of the increase in revenues from exports of crude oil source generated during the year 2012 after the payment of disability and shall be deposited in the fund be distributed in cash for the interest of the Iraqi people. (more…)

It’s now the right time to keep Vietnam dong, stabilization

Posted: February 24, 2012 in Asian Currency Markets, Top Headlines
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VietFinanceNews.com – The State Bank of Vietnam had kept the dong/dollar interbank exchange rate at 20,828 dong per dollar for the 39th consecutive day by late last week.

The exchange rate stabilization has prompted people to sell dollars and keep dong.

Nguyen Ngoc Lan in Hoan Kiem district in Hanoi on February 16 morning came to Eximbank to ask about the dollar prices, planning to covert the dollar deposits at the bank to dong deposits. (more…)

Necessities and fears in the completion of customs tariff

Posted: February 24, 2012 in Iraqi Dinar/Politics, Top Headlines
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With renewed calls for the application of the law of customs tariff, tend views to be patient in its application pending the completion of the capacity and mechanisms of the competent authorities in monitoring border crossings, sea and air and land, especially after he postponed the Ministry of Finance of the law last February to indefinitely because of some obstacles faced by law and mechanisms work.

to that, the President of the Federation of Iraqi Chambers of Commerce Jaafar al-Hamadani, to activate the law of customs tariff, but stressed at the same time the importance of protecting the national private sector. While showing its willingness to apply the new law, he hopes, Director General of Customs Munther Abdel Amir precede the application study of the economic reality in order to avoid flooding the Iraqi market. (more…)

Member of Economic Committee: Iraq has large reserves of gold; Not affected by the volatility of world prices

Posted: February 24, 2012 in Top Headlines
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24-02-2012

A member of the Economic Committee MP for the coalition in Iraq Qusay Gomaa said Iraq will not be affected by fluctuations in the price of gold in international markets because it has large reserves of gold and jewelry.

He said Friday (the Agency news): that winning the gold price rise in global markets is the result of the economic crisis taking place in some of the world, which also led to increased food prices and commodities in general being affected with each other. (more…)

National Alliance reveals nomination of three new names for interior ministry and leaves the choice to the owners

Posted: February 24, 2012 in Top Headlines
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24-02-2012

Revealed a coalition of state law, on Friday, on the nomination of the National Alliance for the three new names for the post of the Interior Ministry, pointing out that the Alliance was appointed one of the three named to Prime Minister Nuri al-Maliki.

The MP said the coalition of state law, Ibrahim al-Rikabi in an interview with “Twilight News” “The National Alliance has settled his command on the nomination of three names to take one position of the Ministry of Defense”, refusing to disclose the names of the candidates for what he called “the sensitivity of the current situation.” (more…)