Posts Tagged ‘Economic development’

MP Khalil: Economic Development Act will support vital sectors in the country

Posted: February 17, 2013 in Iraqi Dinar/Politics
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17/02/2013

Baghdad (news) confirmed the decision of the Committee of Economy and Investment deputy coalition of Kurdish blocs Mahma Khalil, the importance of activating the law of economic development by the government to support the various economic sectors in the country.

Khelil said (of the Agency news): The law of economic development, which was enacted during the last period In the House of Representatives is one of the important laws of the national economy, because it supports the agriculture, industry and tourism. (more…)

Bankers: the integration of small banks to ensure their survival in the global economy map

Posted: January 29, 2013 in Iraqi Dinar/Politics
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01/28/2013 (23:00 pm)
Said specialists in regard banking that merger small banks with each other to ensure its survival and competition in the map of the global economy, noting that developed countries seek with the present to establish banks giant by Union banking establishments to serve as the top players in the field of banking.

The head of the Association of Banks civil Abdul Aziz Hassoun said in an interview to the extent that: “the banking system in the country consists of a large group of small banks that can not keep pace with developments in the banking sector in the countries of the world advanced” pointing out that the best way for the advancement of these small banks calls to merge with Among them, noting that international banks have made ​​in advanced stages of cooperation emerged as international banks a major product of the merger. (more…)

President of the Arab Union of Banks: Procedures for CBI is positive towards the development of the banking sector

Posted: January 17, 2013 in Iraqi Dinar/Politics
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Date: 2013/05/17 13: 25: 56 Thursday

Baghdad (newsletter) … As President of the Union of Jordanian Arabic nationality and Sam banks Ullah, the actions taken by the Central Bank of Iraq in the development of the banking sector as “positive”, weighted with the rise of the banking sector during the coming period.

He said Fattouh (News News Agency): legal legislation is highlighted the challenges facing the Iraqi banking sector and made it work and limited but sophisticated, although private sector possesses significant experience in banking. (more…)

Expert stresses the importance of the amendment to article 28 of the General Banking Act

Posted: January 15, 2013 in Iraqi Dinar/Politics
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15/01/2013 12:00 am

economic expert said Saif Hilfi importance of amending Article 28 of the General Banking Act to support investment in the Iraqi banking sector, calling for the need to strengthen relations with Arab banks for the advancement of local banks.

Hilfi said in a press statement yesterday, said that private banks could play a major role in the economic development through the establishment of a fund for lending to private investment projects in the country, because it has a high potential and helps capital. (more…)

Effective laws are needed for economic development and to activate the private sector, says Adviser to the Prime Minister

Posted: January 12, 2013 in Iraqi Dinar/Politics
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Date: 2013/05/12 16: 01: 58 Saturday

Baghdad (newsletter) … Called economic adviser to Prime Minister Abdul Hussein Al-Anbuge, need legislation package of laws supporting the national economy, adding that the investment process is still not encouraging.

He said Al-Anbuge Baghdad Forum Forum economic and banking with Arabic Banking Association in its second day and attended by (News News Agency): economic development you need to package of laws and legislation giving the role to the private sector through support to private banks and industrial and agricultural sectors. (more…)

Ministry of Industry: Beginning end of first quarter; Iraq will begin producing 120,000 vehicles per year

Posted: January 10, 2013 in Iraqi Dinar/Politics
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Hyundai i10

01/09/2013
Industry announces start producing cars during the current year

Announced the Ministry of Industry and Minerals for start producing cars Iraqi year card 120 thousand cars a year, noting that the project will be the first step to enter Iraq within states collected and processed for cars.

said Director General Company for the automotive industry of the Ministry of Industry Adnan Ahmed demure in a press statement, “The company will assume the opening lines strategy for the automotive industry and Iraqi qualities different end of first quarter of the current year 2013″, noting that “the production capacity of the project is 120 thousand sedans a year.” (more…)

Economists and Congress: Iraq is on the verge of industrial and agricultural revolution through 2013

Posted: January 8, 2013 in Iraqi Dinar/Politics
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Expected number of MPs and economists to be the year (2013) different from previous years in terms of enhancing the economy and diversify resources, pointing to the need to make an effort in order to supplement the federal budget with financial resources variety and not to rely on a source of oil.

decision Economic Commission Council of Representatives Mahma Khalil, stressed that Iraq is on the verge industrial revolution and agricultural over the coming years as a result because of its energies and capabilities to help him be of developed countries economically. (more…)

Iraq is taking part in the Arab Economic Council of the Arab League in Cairo Jan 21

Posted: December 7, 2012 in Iraqi Dinar/Politics
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Published on Friday, 07 January 1 / December 2012

BAGHDAD / obelisk: launched in the Egyptian capital works Unified Arab Economic Council under the auspices of the General Secretariat of the League of Arab States.

The head of the Iraqi delegation Hashim Mohammed Hatem for “obelisk” “The Council aims to develop joint mechanism of action of the Arab economy and financial unify the procedures of dealing between the Arab countries.” (more…)

Expert: World Bank report on investment in the country is not encouraging

Posted: November 27, 2012 in Iraqi Dinar/Politics
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 Baghdad / agencies stressed economic expert on behalf of Jamil Anton that the recent report issued by the World Bank on investment in Iraq was “not encouraging”, and should benefit from the reform of the national economy, pointing out that the five-year plan the next will not achieve success without the presence of solutions to the problems of investment. (more…)

Economists: the investment process needs a solid legal environment

Posted: November 19, 2012 in Iraqi Dinar/Politics
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Posted 19/11/2012 05:18 AM

Baghdad / follow Mashreq: – Despite the availability of investment opportunities in all sectors of the economy except that wheel investment in Iraq is still slow, for a variety of reasons, including related legislative aspects and other banking system and routine long prevailing in the state departments, what made investors reluctant to invest in the country .

Has confirmed a number of deputies and economic experts (of the Agency news) that overcome obstacles to investment requires a sober law facilitates investment operations and reduce red tape in reviewing departments and the presence of a banking system that works well in accordance with the regulations the Modern World. (more…)

Parliament: 5-year development plan to support the economy and reduce dependence on oil

Posted: November 18, 2012 in Iraqi Dinar/Politics
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11/18/2012 12:00 am

confirmed a member of the Committee on the economy and investment MP Abdulabas Xiaa, that five-year plan set by the Ministry of Planning will strengthen the national economy and the diversity of its revenue financial and reduce the adoption of budgets coming on oil revenues. (more…)

Vietnam: 5.5 percent growth in GDP expected in 2013

Posted: November 8, 2012 in Asian Currency Markets
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A resolution on the country’s socio-economic development plan for 2013 that will see growth of 5.5 percent GDP and a 10 percent increase in export turnover was adopted by The National Assembly (NA) on November 8.

Additional targets include reducing trade deficit and maintaining CPI growth of 8 percent. State budget overspending will account for 4.8 percent of GDP, and total social development investment, 30 percent of GDP. (more…)

Iraq economic laws date back to a totalitarian socialist system; Need revamped to accomodate free market system says Economic Committee Member

Posted: November 4, 2012 in Iraqi Dinar/Politics
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Economic Committee Member: Most Iraqi economic laws dating back to a totalitarian socialist system and is rising by the Iraqi economy
And the independent press – 01/11/2012 – 3:39 pm

BAGHDAD (Iba) .. A member of the parliamentary economic committee Abdul Hussein Abtan, that Iraq has replaced its economic system with the fall of the regime of a socialist system to a free market system only slogans and without the application, noting: that all the laws of economics is useful and is an emerging market economy. (more…)

Economist: Iraq’s economic development requires a significant investment

Posted: October 28, 2012 in Iraqi Dinar/Politics
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Date: 28/10/2012 11:24:48 Sunday

Baghdad (news) .. According to economic expert Jalil al-Rubaie, said that achieving the economic development process in the country you need to venture huge investment, not only in the small and medium enterprises.

Rubaie said (of the Agency news) on Sunday: that the process of economic development in Iraq need to large projects and feasibility to achieve through put visions of the future, which extends for several years, and are made ​​by major investment projects in the country Kalsnaaah, agricultural and tourism. (more…)

Expert: the adoption of international accounting principles limit the financial and administrative corruption

Posted: October 3, 2012 in Iraqi Dinar/Politics
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10/02/2012 1:15 am

He stressed that corporate governance contribute to enhancing the performance of Baghdad – Hussein Tgb Tamimi called expert accounting and auditing d. Tributary pendulum to the need to apply accounting principles advanced in all companies and institutions to achieve economic development for all sectors without exception, pointing to the importance of governance to manage files for billing, audit after training on the best ways of international accounting. (more…)

Member of Economic Committee: banks alone cannot meet all the requirements of the economic process

Posted: October 1, 2012 in Iraqi Dinar/Politics
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Date: 2012-10-01 13: 57: 08 Monday

Baghdad (newsletter) … According to economy and Investment Committee member MP/Iraqi/coalition nahida aldaini, the inability of the State commercial banks to meet the requirements of investment and economic process alone in the country, due to a lack of capital, to encourage global banks to open branches in Iraq to contribute to the economic development.
(more…)

The absence of deterrent government “experts”: Corruption and the laws has impeded economic development processes & quo

Posted: August 16, 2012 in Iraqi Dinar/Politics
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On: Wednesday 08/15/2012 15:02

A number of experts and a group of investors need to change all the laws and economic legislation that hinder the work of investors inside and outside the country, stressing the need to continue to remove all obstacles that hinder economic development, and in the meantime, the investor Aqeel Hassan, “stressed the need to change all economic legislation and laws which has exacerbated many of the economic crisis, which left a marked contrast in living standards for all members of the community, as well as the differences that have led to an increase of slums and unemployment rates among the citizens. (more…)

Banks, civil plans to set up a fund to finance development projects

Posted: July 28, 2012 in Iraqi Dinar/Politics, Top Headlines
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Central Bank of Iraq announced on “orientation of private banks to set up a fund from the surplus of their funds to support and fund development projects in Iraq.”

The deputy governor of Bank of the appearance of Mohammed Saleh, said today that “the private banks, the process of establishing a special fund to lend to projects as development projects and housing construction after making amendments to the laws of Iraqi banks soon.” (more…)

CBI: economies in transition to a free market in Iraq, the stage is limited

Posted: June 15, 2012 in Iraqi Dinar/Politics, Top Headlines
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Deputy Governor of Central Bank of Iraq the appearance of Mohammed Saleh, said that the current financial democracy today a source of conflict between state capitalism and financial capital Ahli extremes has not been resolved yet in the arena of economic policy today. (more…)

Adoption of new laws need to activate the private sector

Posted: June 6, 2012 in Iraqi Dinar/Politics
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06/06/2012 0:00

BAGHDAD – Al Sabah
said head assembly industrial Abdel-Hassan al-Shammari, the activation of the private industrial sector needs to implement a package of important laws of the economy. (more…)

Economists claim to study the reality of the market and the impact upon the application of tariff

Posted: June 1, 2012 in Iraqi Dinar/Politics
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02/06/2012 0:00

Baghdad-Sabah
reiterated a number of those interested in economic affairs invited to study the reality of the local market traders and orientations towards the customs tariff and its impact on the reality of the market, wondering about the knowledge of applicants applying this approach the mechanics work border crossings and how it is Dealing with incoming goods to the country. (more…)

Economist: activation of the local product is necessary to make the Tariff Act effective

Posted: May 21, 2012 in Iraqi Dinar/Politics
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Date: Monday 21/05/2012 12:04

Baghdad (news) .. Suggested that the analyst and the economist nice Abdel Salem Ugaili set clear economic policy according to scientific plans to ensure the activation of important economic sectors coincide with the application of the Tariff Act, noting the difficulty of implementing the law, without the presence of local product contributes to the insurance requirements of the society. (more…)

Member of the economy and investment representative expresses the fears of Iraq’s dependence on oil

Posted: May 11, 2012 in Iraqi Dinar/Politics
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Follow-up – and babysit – she a member of the Committee of Economy and Investment parliamentary Nora Salem fears of Iraq’s dependence on oil in its economy, despite only having great wealth because of the wars during the former regime. (more…)

National Investment Commission emphasizes the need to reconsider a number of laws in force

Posted: May 7, 2012 in Iraqi Dinar/Politics
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05/06/2012 15:02

BAGHDAD / Aswat al-Iraq: President of the National Investment Commission, Dr. Sami al-Araji, said that the practical experience undergone by the body by dealing with investment companies wishing to invest in Iraq, has proven the need to re-consider a number of laws and make amendments to the task of the first and foremost an amendment Thani Law Investment No. (13) for the year 2006 rate, to mature regulatory environment encouraging investment in Iraq and the various sectors. (more…)

Economist: Iraq’s neighboring countries will compete industrially and commercially in the coming years

Posted: March 28, 2012 in Iraqi Dinar/Politics, Top Headlines
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On: Wednesday 28/3/2012 7:03

likely economist Ismail Radi development of Iraq’s industrial and commercial in the coming years, stressing that he will compete with the surrounding countries in the region through the export of goods and increase its exchanges of trade, as a result of the attributes of the elements of economic losses.

Radi said in the light of what is going on by Iraq of regional developments and scientific development of plans to attract corporate investment, which will push Iraq over the coming years towards the development of economic sectors. (more…)

Economist: Iraq to compete industrially and commercially neighbors in coming years

Posted: March 27, 2012 in Iraqi Dinar/Politics
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Date: Tuesday, 27-03-2012 08: 52 am

Baghdad (newsletter) … Said economist Ismail Radi industrially and commercially Iraq evolved over the years to come, he would be discussing the States surrounding region through export of goods and increase trade exchanges, as a result of the significant economic potential of belongs to.

He said Radi (News News Agency): in the light of that work by Iraq on regional developments and scientific plans to attract corporate investment which will push Iraq in the coming years towards the development of economic sectors. (more…)

Economist: supporting SMEs will drive the process of economic development

Posted: March 22, 2012 in Iraqi Dinar/Politics, Top Headlines
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Date: Thursday, 22-03-2012 01: 18 pm

Baghdad (newsletter) … Suggested Economist Salim aldaini give SMEs loans accessible to activate it, as is the primary supporter of economic stability in the country, noting that it would ensure the economic development process if activated.

Aldaini said (News Agency news) on Thursday: the Federal Government should give SMEs loans accessible by governmental or private banks over four years, and the process is similar to the distribution of agricultural loans to activate it as a primary source of economic stability in the country. (more…)

Required to activate the Tariff Act in Iraq

Posted: March 19, 2012 in Iraqi Dinar/Politics
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Arbil, March 19 (Rn) – Economic Commission renewed its claim to the parliamentary Monday Iraqi Council of Ministers to create the basic introductions to the activation of the Tariff Act.

The Iraqi Finance recently decided to activate the Tariff Act in Iraq as of June next after Tagelin row.

According to the parliamentary economic committee that activation of the tariff will provide additional financial revenue to the state treasury could be invested in the revitalization of agricultural and industrial sectors, but economists believe the futility of activating the law.
(more…)

Calls to activate the private sector to achieve economic development

Posted: March 10, 2012 in Iraqi Dinar/Politics
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On: Saturday 03/10/2012 8:19

head of the International Federation of businessmen Iraq Hamid punitive that the process of economic development needs to involve the private sector with a year to build and rebuild the country.

He punitive (for the Agency news): The Iraqi private sector has no role head w j and active role in the economic development process due to the activation and rehabilitation of its laboratories, calling for the need to be involved with the public sector for the development of the country’s economy. (more…)

Economist: Stock market not encouraging for small banks; Will disappear when big banks enter market

Posted: February 29, 2012 in Iraqi Dinar/Politics
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On: Wednesday 02/29/2012 13:04

Baghdad (news) .. According to financial expert, Abdul Sattar al-Bayati, that the work of the stock market is not encouraging despite the entry of new technology, likely withdrawal of small banks in the event of entry of banks merged with large amounts of capital.

Bayati said (of the Agency news) said on Wednesday: The stock market in Iraq since the year (2003) and yet is still not encouraging and the failure in spite of developments in it and the introduction of the technological and the use of Alajhzh electronic because of the vision inadequate for this market and perhaps there is no doubt in his role in the economic development of the country. (more…)

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