Archive for March 3, 2013

Baghdad awaiting the visit of Prime Minister of Kuwait to discuss the lifting of Iraq from “VII”

Posted: March 3, 2013 in Iraq: Chapter VII, Iraqi Dinar/Politics
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Published in: 1:43 pm, March 3, 2013

BAGHDAD (Iba) … watching Iraq visit of Sheikh Jaber Mubarak Al-Hamad Al-Sabah, Kuwaiti Prime Minister at the head of a high-level Kuwaiti delegation, in the next few days to discuss several issues, including the lifting of UN sanctions special item VII.

Ali said Alfalh member of a coalition of state law, which is headed by Nuri al-Maliki Iraqi Prime Minister, for “Moscow News:” The talks took place between Iraq and Kuwait on the sidelines of the Islamic Summit Conference in Cairo came out with an agreement to be visiting Sheikh Jaber Mubarak Al-Hamad Al-Sabah Kuwaiti Prime Minister, on the the head of a high-level delegation, Baghdad soon, to discuss the need to remove Iraq from Chapter VII and other files. (more…)

UN Official in Kuwait to follow up on situation prior to UNSC meeting in June; Iraq has a few months to prove it means business

Posted: March 3, 2013 in Iraq: Chapter VII, Iraqi Dinar/Politics
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UN official in Kuwait Monday to follow up Iraq-Kuwait issues

03/03/2013 | 10:19 AM | Kuwait News

UNITED NATIONS, March 3 (KUNA) — UN official Victor Poliakov, who took care of the missing Kuwaitis and property files in the UN Secretariat since the eighties, will discuss the issues in Kuwait Monday with government officials, KUNA learned late Saturday. (more…)

U.S. to receive first rights to Iraq’s private sector; 2013 is the year to activate Strategic Framework Agreement

Posted: March 3, 2013 in Iraqi Dinar/Politics
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Screen Shot 2013-03-03 at 12.27.00 PMFaleh al-Fayad: Iraq will give preference to U.S. private sector

03/03/2013

BAGHDAD / JD / .. He Iraqi National Security Advisor Faleh al-Fayad said Iraq will give preference to the American private sector.

A statement issued by the American Business Council in Iraq received / JD / copy of it: holding American Business Council in Iraq working lunch with a delegation visiting the United States of America, including Iraqi national security adviser Faleh al-Fayad and Sami al-Askari, Yassin Majeed Organic House Organic Foreign Relations Committee (more…)

U.S. appoints Phillip Gordon as new coordinator for the Middle East

Posted: March 3, 2013 in Iraqi Dinar/Politics
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Published in: 8:28 am, March 3, 2013

BAGHDAD (Iba) .. The White House announced, on Saturday, announced the appointment of Philip Gordon as new coordinator of the United States for the Middle East and North Africa and the Gulf region, adding that he would work as a special assistant to President Barack Obama from March 11. (more…)

Parliament intends to set up a new committee to amend the constitution after the adoption of the budget

Posted: March 3, 2013 in Iraqi Dinar/Politics
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Baghdad / Iyad al-Tamimi

Parliamentary Legal Committee intends to form a committee comprising all the political blocs to begin studying constitutional amendments referred to in Article 42 of the Constitution, and was likely to start functioning of the Committee after the adoption of the budget bill, which disrupted many other laws. (more…)

Still no agreement on National Budget; Details of the state budget emerge

Posted: March 3, 2013 in Iraqi Dinar/Politics
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Date: Sunday 03/03/2013 07:35 pm

Hours before the deadline to vote on the state budget for 2013 in the House of Representatives there are no definitive figures of what will be the budget, which is said to have the largest budget in the history of Iraq.

Figure announced by the Council of Ministers when approved budget on 23 October last year before 4 months and 14 days was 138 trillion dinars, equivalent to more than 118 billion dollars and over the past months conducted parliamentary committees and negotiations between the political blocs several amendments to the budget figures but has yet to reach a final formula for approval amid popular Discontent of damage to the citizens due to the delay of the budget. (more…)

MP: There is no agreement to pass the budget tomorrow

Posted: March 3, 2013 in Iraqi Dinar/Politics
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03/03/2013 17:59:00

BAGHDAD / NINA / The MP, of the state of law coalition, Jabbar al-Kanani confirmed that there is not any agreement to pass the budget in tomorrow’s session. (more…)

Abbawi affirms that Iraq seeks to develop its relations with Kuwait

Posted: March 3, 2013 in Iraqi Dinar/Politics
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02/03/2013 20:21:00

Baghdad (NINA) – Foreign Undersecretary, Labeed Abbawi, stressed that Iraq seeks to develop its relations with Kuwait and it exerts efforts to remove obstacles and problems the aspiration of both countries. (more…)

Unemployment rate in Iraq at high levels internationally and within Arab region

Posted: March 3, 2013 in Iraqi Dinar/Politics
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Iraq solves ninth in the world and third in Arab highest level of unemployment

03/03/2013

Iraq solution ranked ninth in the world and the third Arab unemployment at its highest level.

The latest available data, the Gulf States: recorded unemployment rates in most Arab countries, record highs in 2012, especially in the countries of the Arab Spring, Mauritania, Palestine, and race. The Gulf Emirates recorded the highest unemployment rate among the countries of the Cooperation Council for the Arab States of the Gulf. (more…)

Moussawi: the decline of economic development contributed decline in the value of the dinar against the U.S. dollar

Posted: March 3, 2013 in Iraqi Dinar/Politics
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Published in: 3:45 pm, March 3, 2013 by ipa

BAGHDAD (Iba) .. A member of the Economic Committee MP Salman al-Moussawi, that the strength of the Iraqi dinar and the monetary value depends on the strength of the economy of the country and the extent of recovery sectors of the state’s income-generating and not the central bank auction. (more…)

Banking Adviser: The linking of Iraqi banks with contribute to the elimination of money laundering in bank sector

Posted: March 3, 2013 in Iraqi Dinar/Politics
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Banker: National chunked project will contribute to the elimination of the money laundering process
Published in: 3:50 pm, March 3, 2013 by ipa 2 Views: 67

BAGHDAD (Iba) .. adviser said the North Bank for Finance and Investment wholesome Elias Abou, that linking the Iraqi banks divided national project will contribute to the elimination of the root to the process of money laundering in the banking sector.

He explained Abbou told the independent press (Iba) “The project divided the national will connect Iraqi banks banks world through a network of financial transfers are supervision full of banks worldwide within the framework of foreign remittances, stressing: that this network will ensure convert all amounts to the state to be out without She went to terrorist acts and money laundering. ” (more…)

Economist Opinion: Directors of CBI must be efficient to avoid currency war

Posted: March 3, 2013 in Iraqi Dinar/Politics
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Expert: Directors of the Central Bank is efficient will avoid Iraq danger of a global currency war
Published in: 1:39 pm, March 3, 2013

BAGHDAD (Iba) .. called economic expert peace Sumaisem, Directors of the Central Bank to submit its foreign currency reserves and gold tables considerations of the international economy and to communicate with global stock markets to avoid the risk of a global currency war. (more…)

CBI Daily Currency Auction for March 3, 2013

Posted: March 3, 2013 in Iraqi Dinar/Politics
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The latest daily currency auction was held in the Central Bank of Iraq on the 3-Mar-2013. The results were as follows:

DETAILS NOTES
Number of banks 15
Auction price selling dinar / US$ 1166
Auction price buying dinar / US$ —–
Amount sold at auction price (US$) 104,239,000
Amount purchased at Auction price (US$) —–
Total offers for buying (US$) 104,239,000
Total offers for selling (US$) —–

Exchange rates

Iraq’s Ministry of Planning intends to setup workshop in collaboration with World Bank

Posted: March 3, 2013 in Iraqi Dinar/Politics
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The Ministry of Planning organized a workshop in collaboration with the World Bank

Organized by the Ministry of Planning in cooperation with the World Bank, on Sunday, 3/3/2013, in Arbil, and a workshop on public contracts, in the presence of Ali Sindi and planning minister in the Kurdistan Regional Government, and a delegation from the World Bank headed by Yolande Tyler responsible public contracts in the Middle East and North Africa. (more…)

Economist Opinion: Iraq’s Investment Law is a stumbling block for foreign investors and international companies

Posted: March 3, 2013 in Iraqi Dinar/Politics
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Economists: Investment Law was a stumbling block in front of the international companies and the political situation is not reassuring to investors
On: Sunday 03/03/2013 07:30 pm

attributed the number of MPs and economists reason for the reluctance of the investment process to the deteriorating political situation, which sent reassuring messages to foreign investors, in addition to the underdeveloped legislation which formed a significant impediment to the investment process in the country. Calling during their talk to the need to remove all obstacles to investment to create an attractive investment climate for international investment companies. (more…)