Posts Tagged ‘Economy of Iraq’

31/12/2013 08:07
Unanimously experts, academics and economists that the most prominent economic achievements that have been made ​​in Iraq over the past ten years have been, launch the licensing round and revive the middle class of employees by increasing their salaries, and improve the system of electronic payment and agricultural initiative and enter the telecommunications sector and little growth in the industrial sector and Reconstruction .

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December 29, 2013

British firm involved in global economic analysis expects the continuation of the impact of political risk on the Iraqi economy during the next 2014.

This came in a quarterly report, the new released by Business Monitor Anturnashinal BMI British, on monitoring and analysis of global economic and trade, on the prospects for the commercial sector and economic situation in Iraq during the first quarter of 2014, the next, indicating that “the rate of growth of the Iraqi economy will be 10.6% and 9.2% in normal circumstances during the years 2013 and 2014, respectively, with the survival of private consumption and oil exports as the main engine of economic growth in the coming years, and that the risks surrounding this outlook lies in the deterioration of security resulting from the increased rates of political violence. ” (more…)

Economic
Finance Committee exclude the application of the project to delete the three zeroes through the next two years

26-12-2013 08:51 AM
Baghdad (news) .. Excluded the parliamentary Finance Committee application project to delete the three zeroes from the currency during the next two years because it would cause confusion for the Iraqi economy and increasing inflation rates of the country ‘by Ray Committee’. (more…)

MPs and experts in favor of warnings from the International Monetary Fund Iraq’s dependence on oil

Warned parliamentarians, economists and oil, last Sunday, of the consequences of Iraq’s dependence entirely on oil, and have expressed their support for the report by the International Monetary Fund on the performance of the local economy, and while confirming the parliamentary Finance Committee that they had already informed the government repeatedly remarks similar without having any reaction because the officials “lack insights economic future”, he saw an economist that the problem of Iraq’s funds is that they “run around irrational,” warned an oil expert of the consequences of non-crystallizing economic vision for the future. (more…)

18 Dec 2013

Overall Rank of 151

For the last few years World Bank is publishing its Doing Business report on laws rules, and taxes that regulate business around the globe. So far, Iraq has done poor performances as per those reports. Previously the country was regulated by the autocratic dictator Saddam Hussein. The socialist state-run economy of Iraq was not up to the mark to attract the investors within the country. (more…)

IMF-Logo12.19.2013

A report prepared by experts at the International Monetary Fund Article IV Consultation with Iraq in 2013, which took place in the first quarter of the year 2013 in Amman, Jordan, that “in spite of the circumstance of the Iraqi difficult, the economic developments generally positive and has seen economic growth acceleration, At the same time did not hide his report the risks resulting from the decline in the level of political and security situations.

and followed (range) a chart he submitted the Resident Representative of the International Monetary Fund for Iraq, Ghazi reticles showing the latest economic developments and prospects in the medium term in addition to the risks and economic reforms. (more…)

12/19/2013 0:00

He said that banking reform lever economy

counting economic expert d. Akram Mohammed Hassan banking and financial sector one of the main factors of the transition from a centralized economy to a market economy, demanding the lifting of the restrictions that his movement, referring to the experiences of Eastern European countries in this field. (more…)

Baghdad (newsletter). Member of the Committee of economy MP//Ibrahim Al-Rikabi, the importance of the economic reform act to support and develop the Iraqi economy, indicating that this law stumbled since it was approved by the Cabinet.

Rikabi said (News Agency): economic reform law will eliminate non-productive projects stalled and the privatization of some of them and make them productive as tourism, agriculture, industry and others. (more…)

12/18/2013 0:00

because of the enormous potential and raw materials and geographical location to Iraq and Kuwait, experts found the possibility of the country a major economic power in the region.

According to the economic expert Tawfik inhibitor, there is a possibility of that, despite his assertion that it requires time and effort. said Mani told (morning): “We must give equal opportunities between the two countries, because Kuwait had previously offered several industrial projects in Iraq. (more…)

18-12-2013 10:53 AM
Baghdad (newsletter). Member of the Committee for economy and investment/Kurdish Alliance MP Jassim shankali, counterfeit currency would affect the Iraqi economy, and losing the confidence of citizens in dealing with the Iraqi dinar. (more…)

Attract investments and foreign banks for the country
12/17/2013

Iraqi Central Bank announced on Tuesday, for the organization (the Second Annual Conference of the financial sector in Iraq), the end of January 2014 the next in the Emirate of Dubai, in line with the growing strength of the growth of economic development in the country, noting that the conference aims to display his strategy for financial and economic development, and attracting investments and foreign banks for the country, while a bank official confirmed the British, on the importance of the creation of “comprehensive development” of infrastructure finance and banking to prop up the Iraqi economy, “a large and ambitious development process.” (more…)

Parliamentary Finance welcomes the decision of the application of tariff and calling him a “right”

12/11/2013 21:27
Tomorrow’s Press / Baghdad, described the parliamentary Finance Committee, on Wednesday, the government’s decision to apply tariffs to “right” demanding legislation to ensure that all laws supporting the private sector. (more…)

10-12-2013 12:21 PM
Baghdad (newsletter). Oil and Energy Committee, the importance of read investment Bill, because it will boost the oil sector by attracting foreign and domestic companies to invest in the oil sector.

The oil Commission said MP/Kurdish Alliance (News Agency): the old oil investment law was seen on the investor ‘ thief ‘ for riches, but after the amendments before the Parliamentary Committee on oil specialists to make the law as seen on the investor and major contributor to the economy. (more…)

For fear of confusing the Iraqi market .. Central Bank of retreating from the deletion of zeros and the issuance of a new currency

Stressed the central bank, yesterday, his inability to delete the zeros of the Iraqi currency, or add new banknotes, for fear of confusing the Iraqi market.

As confirmed by a parliamentary committee that it “supports the decision of the bank, which was taken in consultation with the Council of Ministers,” to protect the stability of the Iraqi market. (more…)

CBI Confirms Its Inability To Delete The Zeros Of The Iraqi Currency

December 8, 2013
Baghdad: Iraq News Network – The Central Bank of inability to delete the zeros of the Iraqi currency, or add new banknotes, for fear of confusing the Iraqi market. (more…)

12/07/2013

Carry Economists Iraqis on Saturday, “the new political order,” the responsibility of the deterioration of economic growth, and stressed that the increase in oil revenues, “tempts the governor to continue in office and increases the power of individual”, as attributed exceeded imports of 70 billion dollars in 2013 to “ignorance in water resources management helm, “called for” the formation of a body to manage financial resources managed by economists away from the political parties. ” (more…)

Specialists: the next election programs must be economical to activate the role of the private sector and economic development in the country

Collect experts in economic affairs programs to be fully forthcoming election economic and not political programs or parties rely on different nationalities and religions, stressing the need to activate the role of the private sector in the promotion of the country’s economy. (more…)

Deputy for the citizen: raise zeros reflects the image of the development of the Iraqi economy

December 3, 2013,

A member of the parliamentary Economic Committee Abdul-Hussein Abtan said Tuesday that the “lifting of zeros from the Iraqi currency will not affect the economy, but it will reflect the evolution of the economy and the ability of Iraq cash. (more…)

A member of the Committee on the economy and investment representative, Hussein Mura’bi collecting signatures to bring the law of economic reform to the House of Representatives and vote on it, pointing out that “the response of this law before Parliament was not true.” (more…)

Editor: NF, RS 12.03.2013 17:41

Criticized a number of owners of companies banking financial, Tuesday, crackdown that followed the central bank and the routine which controls procedures, and argued that they can not approach the office of any employee to ask about the fate of their transactions, and while stressed that the CBI lacks regulations in its dealings, pointed out that what puts the bank of instructions and controls “and the harsh injustice.” (more…)

25-11-2013 09:40 AM

Iraq continues to expand its oil resources, but the diversification of the economy by about bigger is necessary, according to an analysis of what he saw Qatar National Bank QNB.

The analysis, published by the newspaper Gulf News UAE’s English-speaking, that in the wake of the Iraq war, the expansion of oil production in Iraq quickly, what produced a rise in the gross domestic product of $ 1750 in 2005 to more than 6300 dollars in the year 2012 in spite of social context is difficult. (more…)

11/29/2013 12:03

warned the parliamentary Economic Committee, the survival of the Iraqi economy is dependent on oil as a major source of the state, calling for a diversification of state revenues to avoid the financial problems of the country’s economic potential. (more…)

28-11-2013 12:03 PM
Baghdad (newsletter). The parliamentary Economic Committee, warned that the Iraqi economy dependent on oil as the main source of State calling for diversification of State financial revenues to avoid potential economic problems of the country.

The Rapporteur of the Committee, said MP mahma Khalil (News Agency): federal budget revenue constituting (95%) Of oil, this is an indication of a threat to the economy, as it would be global economic shocks. (more…)

Central Bank denies smuggling 800 million dollars a week to the Swiss bank confirms: This information is source-Hashemi

27/11/2013 12:34
He denied the Iraqi Central Bank, on Wednesday, the existence of smuggling weekly from inside Iraq to the Swiss banks, and confirmed that the statements Relations Committee Chairman European with Iraq on this subject “baseless and taken from the former Vice-President and sentenced to death Tareq al-Hashemi.” (more…)

Financial representative calls for the Central Bank to wait with its decision a (50) thousand dinars

26-11-2013 10:25 AM
Baghdad (newsletter). The parliamentary Finance Committee, called on the Central Bank to wait with the decision of the Iraqi currency (50) thousand dinars, stressing the importance of issuing coins with small groups to support the balance of Exchange in the country.

Committee member Rep. Jimmy capable (News Agency): he was the first Central Bank in consultation with the Government and the Parliament before deciding to release the Iraqi currency class (50) thousand dinars and small metal categories. (more…)

Economic reform in the country’s economy and the diversification of income

26-11-2013 11:39 AM
Baghdad (newsletter). She is a member of the Financial Committee MP/Kurdish Alliance/smart Najeeb, the importance of the economic reform and law which can happen . (more…)

Senior Economist: Raising the zeroes corrective action to facilitate the transfer and account currency
Sunday, 24 October / 2 November 2013 08:11

The expert described the economic, Akram Abdel-Aziz, a step central bank to raise zeros from the local currency, “the action to reform aspects of the calculation.” It said in a statement told all of Iraq [where]: “The deletion of zeros is the restructuring of the financial sector and banking and reconsider the monetary policies.” (more…)

Calls for new legislation to amend the investment

11/21/2013 0:00

The Chairman of the International Federation of businessmen in Iraq d. Hamid punitive that the economy is suffering from structural imbalances that lasted for decades, pointing to the need to modify some of the previous legislation in order to promote the performance of the private sector to play a role in the development process in the country, which have become necessities during the next phase as well as the importance of the partnership between the public and private sector and reduce the phenomenon of import . (more…)

18-11-2013 10:00 AM

Iraq faces the challenge of how to achieve greater economic diversification despite the continued expansion of the exploitation of its oil resources, nor the Iraqi economy is still suffering structural weaknesses, such as the small size of the non-oil sector and the dominance of the public sector at all joints of the economy, and the lack of an enabling environment for doing business. (more…)

Parliamentary economy: the use of foreign expertise for the advancement of the economy of Iraq is important
Saturday, October 16 2 / November 2013 14:16

Saw a member of the Committee of Economy and Investment parliamentary Abdul Hussein Abtan use of foreign expertise is important for the advancement of Iraq’s economy.

He Abtan told all of Iraq [where] “As long as we confirmed that Iraq has not received attention by producing countries and invested and still suffers from significant problems including poor visions and plans of economic and development and use of Iraq expertise foreign longer order is true and important and is supposed to be a long time ” . (more…)