Archive for June, 2012

GOI: Initial agreement between Iraq and Kuwait on the exit from Chapter VII

Posted: June 30, 2012 in Iraq: Chapter VII, Top Headlines
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BAGHDAD / Center Brief for the Iraqi Media Network – The Iraqi government confirmed it had agreed in principle with Kuwait factors to achieve the withdrawal of Iraq from Chapter VII confirmed the presence of the Kuwaiti side to understand the need for the withdrawal of Iraq from Chapter VII

This comes at a time in which he called deputies Cueton, their government not to support Iraq out of Chapter VII.

He said the government spokesman Ali al-Dabbagh’s (Center Brief for the Iraqi Media Network) that “the Iraqi and Kuwaiti governments have agreed initially to the withdrawal of Iraq from Chapter VII of the road map developed by the joint committees.” (more…)

Kuwait Radio receives part of its archives from Iraq – Tapes include large group of original programs

Posted: June 30, 2012 in Iraq: Chapter VII
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KUWAIT: Kuwait Radio has finally regained 27 boxes of its archival tapes from Iraq, the country’s Ministry of Information said. Kuwait’s radio archives were stolen by Saddam Hussein’s regime during the Iraqi invasion of Kuwait in 1990. (more…)

CBI wants Iraqis to drop the dollar in internal commercial transactions

Posted: June 30, 2012 in Iraqi Dinar/Politics
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June 29, 2012

The Central Bank has decided to remove three zeros from the dinar, a move it sees essential to strengthen local currency and tempt Iraqis to stick to it.

For months, the bank has been mulling the issue but only recently it said a decision has been made and it was a matter of time to translate it into action.

(more…)

Iraq Department of Commerce requests the support of the US side to aid in Iraq’s accession to the WTO

Posted: June 30, 2012 in Iraqi Dinar/Politics
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Date: Saturday, 30-06-2012 01: 04 pm

Baghdad (News) … Trade Ministry has asked the US side to support and facilitate the accession of Iraq to the World Trade Organization, noting that his organization membership reimbursements on the Iraqi economy.

Trade Minister Khairallah Hassan Babiker said in a statement received (News Agency news) on Saturday: we asked for support from the US side to help Iraq to enter the World Trade Organization as it returns to the Iraqi economy as well as its call for the participation of American companies active in the sessions of the Baghdad international fair. (more…)

CBI: There is no law or legislator has so far prevented the flow of the Iraqi capital abroad

Posted: June 30, 2012 in Iraqi Dinar/Politics
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Confirmed that the Central Bank of Iraq Investment Law allowed the introduction of Heads investors their money to support Iraq’s economy, while there is no law legislator has so far prevented the flow of capital out of Iraq, noting that it is one of the grossest errors, the right of the national economy of the country.

The deputy governor of Bank of the appearance of Mohammed Saleh in a press statement that the commercial chaos in Iraq was to ensure flows of capital abroad under the pretext of import, which allowed to leave the capital investment needed to rebuild Iraq’s infrastructure. (more…)

Saudis refrain from dealing in Iraqi currency and the countries of the Arab Spring

Posted: June 30, 2012 in Iraqi Dinar/Politics
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Riyadh / follow-up JD / .. newspaper (economic) Electronic Arabia a report seen by agency / JD / that some dealers shops in the markets of Mecca and Medina refrained from dealing with the currencies of Arab countries witnessed revolutions Arab spring, and the fear of collapse or falling the exchange rate of those currencies that exposes them to huge losses, noting that traders sensed a problem”

and the Iraqi dinar””” Lebanese lira previous experience problems seen its currency plunged. The newspaper pointed out: traders and owners of these shops, they began to refuse to deal in these currencies after a year to some of the revolutions in those Arab countries where political problems were reflected on its economy and security of making the shop owners and traders fear the circulation because of the falling exchange rate of sudden, and in a moment’s fear of exposure to the loss of double , (more…)

Economic Commission Member: GOI should explain the reasons for postponement tariff law

Posted: June 30, 2012 in Iraqi Dinar/Politics
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On: Saturday 06/30/2012 8:14

Baghdad (news) .. Student member of the Economic Commission for MP / National Alliance / Amer Jassim winner of the Federal Government to explain the reasons for postponement of the Tariff Act of schedule, calling for retreat from the decision to postpone being a Aasb the interests of the local product.

The winner (of the Agency news): The Economic Commission strives to apply the Tariff Act for the purpose of protecting local products and the preservation of the national economy but the government is deliberately not implemented without the knowledge of good reasons to postpone it. (more…)

U.S. Commerce seeks to bring private investors to Iraq

Posted: June 30, 2012 in Iraqi Dinar/Politics
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30/06/2012

BAGHDAD / JD / .. confirmed U.S. Department of Commerce Government’s desire to bring in private investors of both countries to reach a positive outcome of the dialogue ..

The advisor to the U.S. Department of Commerce Chairman of the U.S. side at the conclusion of the Committee on Business Dialogue Iraqi American Cameron Kerry said in a statement received / JD / copy of it: “his government’s desire to start a new page of economic relations through increased trade to the level required and seek to attract investors to Iraq, the cooperation of the private sector for both the two countries to reach a positive outcome of the dialogue “..

(more…)

GOI involves the private sector in the preparation of economic bills

Posted: June 30, 2012 in Iraqi Dinar/Politics
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30/06/2012 0:00

Step for effective development

facing new laws and legislations problems in the application as it is consistent with the requirements of phase change, and this description applies well to most of the economic legislation and laws, in particular, as the face objections and claims adjustments repeated by the relevant authorities, which is linked to its work in this law or that the legislation and these reasons were behind the delay needed reforms. (more…)

Finance Committee will hold a mid-July conference to promote the reality of the legislative banks

Posted: June 30, 2012 in Iraqi Dinar/Politics
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30/06/2012

BAGHDAD / JD / .. revealed the parliamentary finance committee member and MP for the Kurdistan Alliance Najiba Najib for a conference in the middle of July to find out the faulty banking legislation ..

Najib said L / JD / that “those who will attend the conference provided a number of research papers and studies that diagnosed the shortage in the banking legislation and the kinks in some of its aspects” .. (more…)

Economists and MPs: private banks experienced government neglect and lack of laws regulating work

Posted: June 30, 2012 in Iraqi Dinar/Politics
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Date: Saturday, 30-06-2012 12: 04 pm

Baghdad (News). report/dreams/Al-furaiji said … Economists and lawmakers in Parliament that there is a clear omission by the Iraqi Government to private banks operating in the country, due to the absence of laws governing their work and stand before her, calling on the Government to enact all laws for private banks and bond booster by the Central Bank to end the crisis of confidence between banks and citizens.
(more…)

The Iraqi Institute for economic reform held a symposium to discuss the problems of the private sector

Posted: June 30, 2012 in Iraqi Dinar/Politics
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Date: Saturday, 30-06-2012 04: 22 pm

Baghdad (News) … The Institute held a seminar for economic reform under the slogan (build private sector strategy in Iraq), to discuss the problems of the private sector in Iraq.

He said the National Alliance Deputy//Mohamed Salman Al-Saidi, who chaired the Symposium (News Agency news) on Saturday: the Symposium came to discuss building strategy of the private sector in Iraq and discuss the main problems that hinder private sector work to find appropriate solutions. (more…)

Iraqi oil production at its highest in twenty years

Posted: June 30, 2012 in Iraqi Dinar/Politics
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On: Wednesday 27/06/2012 20:11

Reported Bloomberg spokesman told the British Deputy Prime Minister for Energy, Hussain al-Shahristani, Prince Abdul Ilah Al Qasim as saying that Iraqi crude oil production has risen to its highest level in twenty years with the escalation of oil production Halfaya field. (more…)

CBI: Dinar exchange rate will be fixed in Ramadan

Posted: June 30, 2012 in Iraqi Dinar/Politics
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30/06/2012 0:00

BAGHDAD – Al Sabah
said the central bank exchange rate of the dinar against the dollar will stabilize during the holy month of Ramadan because of the tendencies of food prices in the world to lower, not higher. (more…)

Foreign Relations will impose sanctions on countries to Iraq of past economic

Posted: June 30, 2012 in Iraqi Dinar/Politics
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30/06/2012

BAGHDAD / JD / .. confirmed that the parliamentary Foreign Relations Committee, it seeks to impose sanctions against the countries of past on Iraq economically, through the porous borders of the land and water .. (more…)

Oil and Gas Commission: The oil and gas law effects the Constitution and is the cause of political crises

Posted: June 29, 2012 in Iraqi Dinar/Politics
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FRIDAY, JUNE 29, 2012 09:09
Exposed to oil and gas committee in the House of Representatives, Friday, its claim to speed up the approval of oil and gas law, the law usually Balakhtr after the Iraqi constitution.

A member of the Commission on oil and gas parliamentary Mchkta denominator for ” Twilight News “, the meeting of the Commission on oil and gas, the latter was the insistence on the claim to speed up passage of the law of oil and gas.” (more…)

CBI: The transfer of cash reduced to 18 trillion dinars in June; Helped maintain price stability

Posted: June 29, 2012 in Iraqi Dinar/Politics
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CBI: System monthly payments over 18 trillion dinars
29/06/2012 14:04

Baghdad, June 29 (Rn) – The Central Bank of Iraq, Friday, that the system of monthly payments in Iraq exceeded 18 trillion Iraqi dinars, indicating that the system reduced the transfers of cash manually. (more…)

Finance committee: Difficult to fund programs as oil prices drop below budget’s speculation

Posted: June 29, 2012 in Iraqi Dinar/Politics
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Recognizes the difficulty of the parliamentary financial implementation of the program of financial abundance
29/06/2012 08:57

Baghdad, June 29 (Rn) – approved the Finance Committee, the parliamentary Friday difficulty of implementation of the program that was agreed upon in the current year budget on the investment of funds availability of financial support of projects related to supporting people following a drop in oil prices in world markets.

have seen selling prices of oil in world markets declined significantly represented fall in price of a barrel to $ 30 within a period of three months and the discount price of the barrel at about $ 97. (more…)

Economic Committee Member: Important to develop Iraq banking systems to boost investment process with international banks

Posted: June 29, 2012 in Iraqi Dinar/Politics
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On: Friday 6/29/2012 8:53

Baghdad (news) .. According to a member of the Committee of Economy and Investment MP / National Alliance / Ibrahim Rikabi, the importance of developing the Iraqi banking sector through modern technological systems introduced to boost investment in the country. (more…)

Allawi: The request to question Iraqi PM Maliki will be submitted to Parliament next week

Posted: June 29, 2012 in Iraqi Dinar/Politics
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Confirmed the Iraqi list led by Iyad Allawi, Wednesday, that the request for questioning Prime Minister Nuri al-Maliki will be submitted to Parliament next week, as expected, but “dare” to attend for fear of the files that will open against him, with the Sadr movement had not changed its position in this regard. (more…)

Committee discussed the economy the CBI plan for 2012

Posted: June 28, 2012 in Iraqi Dinar/Politics

28/06/2012

BAGHDAD / JD / .. Committee discussed the economy, the Central Bank of the parliamentary plan for the year 2012. A statement issued by the Committee received / JD / copy of it: that “economic and investment commission had a meeting chaired by MP Ahmad al-Alwani, discussed the minutes of the meeting held by the Finance Committee with the Central Bank of Iraq and the Committee’s report on the productivity of private banks in Iraq and applied research for banks and Plan the Iraqi Central Bank for the year 2012. (more…)

CBI: The countdown to the implementation of the project to delete the zeros did not start yet

Posted: June 28, 2012 in Iraqi Dinar/Politics
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BAGHDAD – Deputy Governor of the Central Bank of the countdown to the implementation of the project to delete the zeros did not start so far there is no unified vision on it.

The appearance of Mohammed Saleh told a news briefing that the meeting of Finance Committee a few days ago was a recall and re-introduce and discuss the questions and queries on a project for the deletion of zeros. (more…)

Member of the Economic Commission calls for accelerating the adoption of the (HCL) oil and gas law

Posted: June 28, 2012 in Iraqi Dinar/Politics
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BAGHDAD – and babysit – so I went back a member of the Commission on oil and energy and deputy state law Fatima Alzerkani discussion of a draft national oil company “as premature” and ascribed this to the delay in reading the law of oil and gas, which is supposed to submit to the reading and vote by the Committee for approval in the House of Representatives for the lack of political consensus on the terms of this law.
(more…)

Deputy: lifting of restrictions on foreign investors will develop the national economy

Posted: June 28, 2012 in Iraqi Dinar/Politics
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06/27/2012 0:00

praised the Finance Committee MP Abdel Hussein al-Yasiri, the decision of the State Department to lift the restrictions that were imposed by the Iraqi banks during the former regime to European investors because it will encourage the entry of European firms to invest in the country. (more…)

Iraqi economy shows signs of growth

Posted: June 28, 2012 in Iraqi Dinar/Politics

26/06/2012 0:00

of the Iraqi economy shows signs of life remained brisk increase achieved in its oil industry and the decline in violence. Iraq has been able with the help of international oil companies to raise oil production to 3 million barrels per day after that was no more than 2.5 million barrels per day before the US-led invasion in 2003. And expects the Iraqi government to expand this capacity to reach 10 million barrels a day within six years, something that will put Iraq in the ranks of major oil producers in the world.

(more…)

House of Representatives to resume sessions July 10th

Posted: June 28, 2012 in Iraqi Dinar/Politics
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Thursday, June 28, 2012 14:51

House of Representatives lifted its standard to the tenth of the month of July.

According to a parliamentary source told all of Iraq [where] the day that the “Presidency of the Council of Representatives adjourned to the tenth day of July next after the vote and the first and second reading of a number of draft Laws on the agenda.” (more…)

It’s parliament’s duty to watch government, says Taifur

Posted: June 28, 2012 in Iraqi Dinar/Politics
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ERBIL, June 28 (AKnews) – The second deputy of the Iraqi parliament speaker Arf Taifur said its parliament’s duty to monitor government’s performance and its attempt in implementing the constitution for correcting the political process in the country. (more…)

Suhail stresses the need to resolve the outstanding laws in parliament

Posted: June 28, 2012 in Iraqi Dinar/Politics
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BAGHDAD / babysit – The First Deputy Chairman of the House of Representatives Qusay al-Suhail of the Legal Committee of Parliament to provide a detailed report on the laws in arrears and the reasons that led to the delay in presentation to the vote, stressing the need to resolve the pending bills. (more…)

Banking offices in Iraq .. Absent control and attended the chaos

Posted: June 28, 2012 in Iraqi Dinar/Politics
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Small-sized offices, but its role in the economy exceeds that size hundreds of times those deployed in abundance in all parts of Kurdistan region and specifically in Erbil .. That is because of its dealings in foreign currency of various nationalities, especially “Lord of the currency” dollar ..

But the question here is the level of control governing these offices by the authorities to prevent the so-called money laundering ..

Solomon says Hazh Member of Parliament of the Kurdistan region: (more…)

CBI confirms the stability of the dinar exchange in the month of Ramadan

Posted: June 28, 2012 in Iraqi Dinar/Politics
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28/06/2012 04:33
BAGHDAD / Center Brief for the Iraqi Media Network – The Central Bank of Iraq that the exchange rate currency exchange rate of the dollar against the Iraqi currency exchange rate will stabilize in the month of Ramadan because of Milan Asar food in the world to decrease, not increase. (more…)

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