Dubai: Four Gulf Cooperation Council (GCC) countries will announce the introduction of a common currency by the end of December, a Bahraini daily reported on Sunday. (more…)
Archive for December 1, 2013
Tags: Bahrain, Cooperation Council for the Arab States of the Gulf, Currency Union, DUBAI, GCC, Gulf Cooperation Council, Saudi Arabia, United Arab Emirates
Tags: Baghdad, Iraq, Iraqi Kurdistan, kurdistan, Parliamentary Affairs, Politics of Iraq, Turkey, United States federal budget
SUNDAY, 01 NOVEMBER / 1 DECEMBER 2013 12:45
Federal Government predicted Sunday the completion of the federal budget for the year 2014 within the next two weeks.
The most controversial point of the draft next year’s budget dues Kurdistan Region of Finance after the federal government sought to reduce the ratio to 10% instead of 17% compensation for financial losses she stopped by the region for the export of oil.
The Minister of State for Parliamentary Affairs purity of net debt for “Twilight News”, “The committee in charge of the follow-up file federal budget is still far from work did not end Manmha.” (more…)
CBI Auction Statistics: last month, selling $ 3.8 billion and sales of 4 months amounted to about 16 billion dollarsPosted: December 1, 2013 in Iraqi Dinar/Politics
Tags: Auction, Central bank, Central Bank Iraq, Currency, Dinar, exchange rate, Iraq, Iraqi dinar
Sunday, 01 November / 1 December 2013 07:05
According to statistics prepared by all of Iraq [where] that dollar sales at the central bank auction last month rose in November for auction sales in October.
Amounted to dollar sales in the month of November 3 billion and 803.691 million compared to $ two billion and 191 million and 456 000 dollars in October while sales were during the month of September 5 billion and 275 million and 645 000 dollars in the month of August 4 billion and 563 million and 751 000 dollars. (more…)
Banking sector is most important role in Iraq’s strategic economic development, says banking specialistPosted: December 1, 2013 in Iraqi Dinar/Politics
Academic: banks strategic role in economic development
Urged to adopt advanced technology to achieve its objectives
financial institutions vessel that feeds all sectors, must work to develop mechanisms of action adoption of advanced technology, which can not achieve
economic development by adopting traditional methods (according to a specialist). (more…)
Tags: Australia & New Zealand Banking Group Ltd, FDI, Foreign direct investment, Japan, Singapore, South Korea, United States, Vietnam
FDI surge, data point to Vietnam economic revival
Foreign direct investment in the first 11 months shot up by 54 percent from a year earlier, indicating, along with other signs, that the economy could be turning around.
Official data shows investment exceeding US$20.81 billion in the year-to-date, 77 percent of it going into manufacturing and processing.
The country had set a full-year target of $13-14 billion. (more…)