Posts Tagged ‘Developed country’

Economic Committee Member: Iraq needs should use advice by international organizations, developed countries while amending investment law

Posted: April 3, 2013 in Iraqi Dinar/Politics
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03-04-2013 11:37 AM

Baghdad (newsletter). Confirmed the decision of the Commission on economy and investment Deputy/Kurdistan blocs Coalition/mehma Khalil, the importance of the use of international organizations and developed countries industrial and investment worldwide in amending the Investment Act No. 13 of 2006.

He said Khalil (News Agency): the revised investment law No. (13) of the year (2006) contains a large legal gaps discourages investment, particularly with regard to the expropriation of land and how to deal with the relevant government institutions. (more…)

Parliamentary Finance: the importance of the formation of a supreme body to regulate and control the work of the country’s banks

Posted: March 12, 2013 in Iraqi Dinar/Politics
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a member of the Finance Committee suggested MP Hassan Auzmn Bayati, the establishment of an independent supreme body shall organize and control the work of local banks two branches of public and private, to support and develop their work.

Bayati said in a press statement that “The Central Bank of Iraq bears the burden of a large work by maintaining the stability of the national currency and sell foreign currency in the auction and the control of the local market, as well as the regulation and control of the banking sector. (more…)

Economist Opinion: CBI should diversify its foreign currency reserves to avoid any impact of a global currency war

Posted: February 25, 2013 in Iraqi Dinar/Politics
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Screen Shot 2013-02-25 at 11.46.47 AMDate: 13/02/25 13: 00: 48 Monday

Currency war escalated recently between the advanced industrial countries in the world such as Japan, China and some European countries, through the State to weaken its currency.

And the sharp fall of the Japanese Yen last month new currencies war front between Europe and Asia, where the European Community has accused Japan of trying to take measures to allow its currency to further decline to increase the competitiveness of its exports in foreign markets. (more…)

Finance Committee: Japan have indicated their willingness to support the Iraqi economy in all its different sectors

Posted: January 18, 2013 in Iraqi Dinar/Politics
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Follow-up – and babysit – The member of the Finance Committee MP / coalition of Kurdish blocs / Najiba Najib, Japan’s desire to provide support and assistance for the development of the Iraqi economy in all sectors, especially money and banking sectors.

Najib said: that Iraq needs to support its economy by the developed countries, especially Japan being one of the economically developed countries, through gaining experience and the introduction of modern technology at work. (more…)

Economist: Iraq shifting to a free market economy requires updated banking laws

Posted: January 16, 2013 in Iraqi Dinar/Politics
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Screen Shot 2013-01-16 at 9.39.45 AMExpert: the free market make of the banking sector needs to be updated in all banking laws

1/15/2013

BAGHDAD (Iba) .. Confirmed an economic expert Akram Abdel Aziz, Iraq’s economy shifted from a highly centralized economy to a free market economy has made the banking sector needs to be updated in all its banking laws to keep pace with global developments. (more…)

IMF warns of debt crisis of rich nations

Posted: October 13, 2012 in Iraqi Dinar/Politics
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Friday 12 October 2012

BAGHDAD – babysit – Director-General warned of the International Monetary Fund Christine Lagarde Friday that public debt accumulated rich countries are close to the levels recorded in the “wartime”, arguing that the “hurdle” would only be overcome behavior “difficult road”. (more…)

UN: global growth fell sharply last year and continue to decline through 2012

Posted: September 13, 2012 in Iraqi Dinar/Politics
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BAGHDAD / Baghdadiya News / .. United Nations launched Wednesday, the Trade and Development Report for 2012.

The report received by the agency / Baghdadiya News / “The global growth fell sharply last year and continue to decline through 2012 as decline in global growth from 4.1 per cent in 2010 to 2.7 per cent in 2011, is expected to continue to decline in 2012 to less than 2.5 per cent, according to the Trade and Development Report for 2012 released Wednesday by the United Nations Conference on Trade and Development (UNCTAD). (more…)

Economic analyst: attention must be paid to small and medium-sized enterprises because they are the basis of economic development of the country

Posted: August 11, 2012 in Iraqi Dinar/Politics
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Date: 2012-08-11 10: 32: 30 Saturday

Baghdad (News) … Economic analyst Ibrahim Al-Mashhadani called, to the need to pay attention to small and medium-sized enterprises through support of soft loans to it based on the economic development of the country.

He said Al-Mashhadani (News Agency news) on Saturday: most industrially developed countries and economically focused on SMEs and their particular ministries was founded as the fundamental building block of building the national economy and the Elimination of unemployment. (more…)

UN: Crisis of the euro area a major threat to global economy

Posted: June 9, 2012 in Iraqi Dinar/Politics
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09/06/2012 0:00

BAGHDAD (Reuters) -
United Nations revealed in a report released from the debt crisis of the euro area is the biggest threat to the global economy and aggravation could lead to the deterioration of global growth.

(more…)

Iraqi Economist: Possible global recession in 2012 however Iraq will not experience stagnation

Posted: October 16, 2011 in Iraqi Dinar/Politics
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Economist: 2012, will witness a recession
On: Sun 10/16/2011 14:37

Baghdad (news) .. The economic expert Khaled Hamed on that 2012 will not experience economic stagnation because of the conventions of financial, commercial, economic and Iraq signed with other countries.

The Hamid in a statement (for the Agency news) on Sunday: “It is difficult to predict recession in the coming years, to the fact that this subject needs to the expectations of long-term strategy can not be known in a few months, noting only that the conventions of financial, trade and economy by Iraq with the rest of the best evidence of improvement in the economic reality and away from crises. “

(more…)

IMF: Two-speed Recovery to Extend into 2011

Posted: December 31, 2010 in Iraqi Dinar/Politics
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Global Economy

  • Two-speed recovery to dominate 2011, with growth remaining slow in advanced economies
  • In emerging economies, challenge for some is to manage possible overheating and capital flows
  • Number of countries in Europe face tough and long macroeconomic adjustment

The two-speed global economic recovery is likely to dominate 2011, with weak growth in advanced economies barely enough to bring down unemployment and emerging markets facing the challenges of success, including how to avoid overheating and handle strong capital inflows, the IMF’s Chief Economist, Olivier Blanchard, said.
In an assessment of the global economy at the end of 2010, and the prospects for 2011, Blanchard said that countries should continue to focus on rebalancing their economies in the coming year, including structural measures and exchange rate adjustments.

(more…)