AED 10 billion UAE trade and Iraq in 8 months
07/02/2013
BAGHDAD / JD / .. Record trade between the UAE and Iraq’s non-oil during the first eight months of 2012 to 3.1 billion dirhams, an increase significantly for the year, 2011 and who scored the entire 8.16 billion dirhams, including more than total trade between the two countries in 2011 whole, which amounted to about 6 .9 billion dirhams (more…)
01/16/2013
BAGHDAD / JD / .. Dubai Chamber of Commerce and Industry (DCCI) for obtaining the approval of establishment of an office in Iraq.
said Director General Chamber of Commerce and Industry (DCCI) Hamad Mubarak Buamim newspaper statement UAE: We’ve got the approval from the authorities in Iraq to establish a representative office for the Dubai Chamber, said that the room started to establish offices business in the world keen to explore opportunities in world markets. (more…)
11/05/2012
BAGHDAD / JD / .. Finance Committee confirmed that the recent actions, which affected the central bank maintained the two-thirds of hard currency in Iraq.
A member of the Committee deputy state law Haitham al-Jubouri’s / JD /: “The size of Miba now at the Central Bank of hard currency between the (90 – 130) million after recent actions, and in the past, what is sold up to 350 million dollars” . (more…)
18/10/2012 10:50:11
BAGHDAD (Iba) … Said Ammar Al-Shibli, a member of the economic and investment commission in the House of Representatives that there is the issue of corruption is evident in the work of the Central Bank of Iraq since the beginning of the current session, particularly with regard to the dollar auction sale. (more…)
09/10/2012 – 11:30
Parliamentary source revealed, Tuesday, that the Presidency of the Council of Representatives decided to determine the holiday of Eid al-Adha in three weeks, starting from the 15th of the current month and until the sixth of November. (more…)
01/10/2012
BAGHDAD / JD / .. Pat Iraq the focus of attention of real estate investors from the Middle East as it seeks to create about three million housing units over the next five years and the reconstruction of the country and infrastructure.
According to the Minister of Housing and Reconstruction of Iraq in a statement published by Al Bayan UAE, the government has allocated 120 billion from its budget in 2013 for this purpose, rising to $ 200 billion by the year 2015, which highlights the size of the effort required for the advancement of infrastructure and promotion of investment opportunities. (more…)
Date: 2012-09-14 14: 29: 21 Friday
Baghdad (News) … Financial expert stressed on behalf of the beautiful, the Iraqi dinar has begun recovering after the high value of demand in the Gulf banking markets, noting that the dinar rose worth either Dirham in Dubai banking market by (0, 26%) Evidence of the strength of the national economy. (more…)
24/05/2012
BAGHDAD / JD A delegation from the Civil Aviation Authority in the activities of the First World Summit for the aviation industry, which was held in Abu Dhabi for the period from 16-19/4/2012. (more…)
Date: Friday, 13-04-2012 02: 19 pm
Baghdad (newsletter) … The Iraqi Government released on Kuwaiti war detainee in Iraq since 2004, having entered the country illegally.
And Kuwaiti Ambassador to Baghdad said the insurer (News Agency news) on Friday: that its Embassy received the Kuwaiti citizen detained in Iraq since the war over nine years on Thursday, where he was released from prison in the city of Sulaymaniyah, Sousse jailed since the year 2004, as Iraqi security forces handed the Kuwaiti Embassy war. (more…)
AP: Kuwait opposition: Government offers resignations
By BRIAN MURPHY, Associated Press
DUBAI, United Arab Emirates (AP) — Kuwait faced a fresh bout of political uncertainty on Monday after opposition lawmakers said the government has submitted its resignation to the Gulf nation’s ruler amid a growing crisis over corruption accusations.
However, there was no official word on such a move, which could lead to parliament being dissolved and new elections — if it’s accepted by Kuwait’s emir. (more…)
Sunday, Sep 04, 2011
DUBAI (Zawya Dow Jones)–Arab finance ministers will gather for an “exceptional meeting” in the United Arab Emirates Sept. 7 to discuss global economic developments and political changes across the Arab world, and their implications on regional economies, the U.A.E.’s finance ministry said Sunday.
The Council of Arab Ministers of Finance meeting, to be held in the U.A.E.’s capital Abu Dhabi, will discuss the agenda for reform of the global economic and financial system, issues pertaining to the Arab world, and Abu Dhabi’s initiative for restructuring Arab economies and strengthening inter-Arab economic relations among other issues such as food security, the finance ministry said in an emailed statement.
May 23 2011
The ‘Investment in Iraq’ Summit recently concluded in Dubai and organized by Range Hospitality highlighted that Iraq has some of the most favorable foreign investment laws in the Middle East, making Iraq one of its most lucrative markets. The summit witnessed keen participation from over 100 decision makers, entrepreneurs and investors representing diverse business backgrounds.
Mohammed Asaria, Vice Chairman of Range Hospitality.
09/05/2011
Collect a number of international experts on the importance of the development of economic relations, United Arab Emirates Iraq through various activities carried out by companies, either through direct investment or by means of service investments.
They expected during the conversations on the sidelines of the ceremony which was organized by Etihad Airways on the first anniversary of its successful operational in Iraq to increase the size of UAE investment in Iraq to U.S. $ 6 billion after it was recorded in the year 2010 more than 3 billion U.S. dollars.
Unemployment and rising food prices may be hurting the poor elsewhere in the Middle East and shaking governments to their foundations. But in Dubai, whether it’s chocolate truffles at $272 apiece or jewel-encrusted Dior mobile phones, shoppers are biting into luxury retail again after a downturn hit consumer spending in the Gulf Arab emirate.
Dubai’s debt woes and the global financial crisis soured the appetite of the United Arab Emirates’ high-end clientele, but the Gulf financial and tourism hub is striving to win back its crown as a world luxury capital. Chocopologie, a chocolatier which claims to sell the world’s most expensive truffle “La Madeline au Truffe” for 1,000 dirhams apiece, opened its boutique cafe in Dubai in December and already plans another in Abu Dhabi.
Dubai Chamber of Commerce of Baghdad on Sunday Dubai Chamber of Commerce of Baghdad on Sunday for the movement of prices of products, foodstuffs, and local and imported goods displayed in the local markets and currencies. For the movement of prices of products, foodstuffs, and local and imported goods displayed in the local markets and currencies.
A report by the Chamber issued today, A report issued today by the Chamber of got (Agency Information / INA), a copy of And got (Agency Information / INA), a copy of that “food prices have stabilized to a significant increase from what they were with the beginning of last month, while the prices of some of That “the prices of food products has stabilized to a significant increase from what it was in the beginning of last month, while the prices of some food products and livestock, while Hafez Atreetly in front of the dinar exchange rate Iraq. Food products and animal, with maintained its exchange rate against the Iraqi dinar.
Emirates said its freight operations – Emirates SkyCargo – will be adding further momentum to the surge in trading through Iraq with the launch of its new service to Basra on February 2.
As the country’s recovery gathers pace following a period of sustained investment by major global corporations, Emirates SkyCargo will be transporting 130 tonnes of freight per week between Dubai and Iraq’s largest port, strategically located close to key oil fields.
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Iraqi Foreign Minister Hoshyar Zebari stresses on importance of bringing Iraq back into the Arab arena
Dubai: This year’s Arab summit must be held on Iraqi soil, said Iraqi Foreign Minister Hoshyar Zebari.
In an interview with Al Sharq Al Awsat on Sunday, Zebari stressed the importance of bringing Iraq back into the Arab arena.
His comments came after a suggestion by Arab League Secretary General Amr Moussa to shift the summit to another location given Iraq’s sensitive security situation.
Dixie Cream Donut Co. is expanding to Iraq, and the Tulsa area will be getting a taste of gourmet cupcakes from a reality TV baking star as growth continues at franchising company Beautiful Brands International.
Tulsa-based Beautiful Brands signed a deal with a company in Dubai, United Arab Emirates, to put Dixie Cream Donut Co. stores in Iraq, Syria, Qatar, Jordan and the UAE.
Dubai official says revision could be done within the monetary union
Gulf oil producers need to revise the fixed exchange rate of their currencies against the US dollar because of persistent fluctuations in the US
currency and post-crisis global fiscal changes, according to two Dubai officials.
While the fixed rate of the currencies in the six-nation Gulf Cooperation Council (GCC) had ensured financial stability at the beginning, this stability
bas been shaken by dollar volatility after the 1990s and the 2008 global economic distress, said Hani Al Hamli, Secretary General of the Dubai Economic
Council (DEC).
He said the revision of exchange rates in the region could be done within the monetary union, which was launched by four GCC members in early 2010.
“The US dollar has witnessed dramatic changes since early 1990s while the economies of the GCC countries have passed through serious challenges because
of the global crisis,” he told the semi official Alittihad daily.
“These developments should prompt the GCC countries to revise the present currency exchange rates given their heavy reliance on oil exports, which are
priced in US dollar…this revision should be accelerated by the fact that the spectre of a currency war could have serious consequences to the world
economy, destabilise the financial order and bring back protectionism.”
Another official said the UAE, which is not signatory to the GCC monetary union, is not in a “pressing need” for unpegging its dirham from the US
dollar, to which most other GCC currencies are attached.
“But I think that with the continued weakening in the US dollar, the UAE should consider other options and strategies in case of a dollar crisis…..in
the short term, I believe the UAE should not unpeg the dirham from the US currency,” said Abdul Razzak Al Faris, chief economist at DEC.
