Posts Tagged ‘Economy of Iraq’

Editorial: The Iraqi economy from bad to worse

Posted: March 12, 2013 in Iraqi Dinar/Politics
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11/03/13 09: 27
Don’t imagine the Iraqis in 2003, even opponents of the current political system, to go 10 years without improved even slightly on the economic situation after at least $ 700 billion from oil revenues. They said that if the economy and infrastructure in worse shape than they were 10 years ago.

And the Iraqi economy suffers from a clear lag because of rampant corruption in all its facets by taxed by the State and hampered development plans and economic visions that would improve the country’s economy and make it among the economically advanced countries as observers of economic opinion. (more…)

Banking Expert: Iraq banking sector has great potential to compete with global banks; But still faces challenges ahead

Posted: March 11, 2013 in Iraqi Dinar/Politics
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Banker: the banking sector has the potential to qualify to compete with global banks
Date: Sunday 03/10/2013 06:21 pm

Likely banking expert Mohsen Ali, the development of the banking sector and promotion in the coming years and make it a global competitor, what possessed of great potential, calling “to creating a solid legislative environment to support this important sector. (more…)

Lack of planning in Iraq weakens growth

Posted: March 11, 2013 in Iraqi Dinar/Politics
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11-03-2013 10:24 AM

Dean said the Iraqi Institute for Economic Reform and financial expert Kamal Basri, that the fiscal revenue estimate of Iraq’s oil «is not based on the study of global markets, the lack of specialized economic unit are able to predict the future, thus determine the size of demand and oil prices.

He added that «the availability of such a study, spare Iraq the dangers of oil revenue volatility, as happened in the global financial crisis. (more…)

Iraq economy seeks to exit quickly from the tunnel of war

Posted: March 10, 2013 in Iraqi Dinar/Politics
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(CNN) – commemorates the world in the twentieth of March / March, the ten-year anniversary of the start of the war on Iraq and the introduction of democracy and destroy dictatorships in this country, which sits on one of the largest oil reserves in the world .. But is the impact of this big change in the political structure of the state positively on the economy? (more…)

Specialists suggest financial corruption threatens the country’s economy

Posted: March 10, 2013 in Iraqi Dinar/Politics
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Experts said in the economic The proportion of financial corruption was behind the low level of the economy in the country, noting that financial corruption is not limited to bribes and embezzlement, but that the choice of the person is not appropriate is also face aspects of corruption. (more…)

UN Rep Kubler: Development of private sector in Iraq, a common goal for the Iraqi government and the UN

Posted: March 9, 2013 in Iraqi Dinar/Politics
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Screen Shot 2013-03-09 at 10.29.13 AMCounting the Secretary-General of the United Nations, Martin Kobler development of the Iraqi private sector to achieve the common goal of economic growth for the Iraqi government and the United Nations, noting that growth is facing challenges as a result of the country’s dependence on the economy one.

The deputy secretary-general of the United Nations George Posten for Kobler as saying in the first conference of businessmen in Iraq, which was held under the auspices of the office of Mr. Hakim said on Saturday that “the role of the private sector is critical to the economy of Iraq as a partner working for the development of Iraq,” noting that “the UN has attached great interest in recent years in recognition of the key role that the private sector can tell him not to economic development and the increase in the productivity of the country, but also in securing a sustainable future in the future of Iraq. “

(more…)

MP Khalil criticizes government’s policy in running Iraq’s economy

Posted: March 9, 2013 in Iraqi Dinar/Politics
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Screen Shot 2013-03-09 at 10.27.14 AMSaturday, 09 March 2013 12:29 | | |

Baghdad (AIN) -The parliament Economy & Investment Committee criticized the government’s policy in running the economy, describing it as incorrect.”

The rappateur of the Committee, Mahma Khalil stated to All Iraq News Agency “The Government’s policy in addressing the state economy is inaccurate where the government does not adhere to the bases of the construction and rehabilitation of the industry where there are many laws approved at the parliament but not applied by the government such as protecting the local production and the custom tariff laws ..etc.” (more…)

Deputy PM Shaways: Developing Iraq’s economy requires revitalizing private sector, businessmen

Posted: March 9, 2013 in Iraqi Dinar/Politics
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Saturday, 09 March 2013 18:31 | | |

Baghdad (AIN) –The Deputy Prime Minister for Economy and Investment Affairs, Roz Nouri Shawees reported in a speech that was delivered by his representative, Hassan Akef, during the 1st annual conference of businessmen in Iraq on Saturday that ”The operation of building and reconstructing that Iraq seeks requires the contribution of all economic sectors and to revitalize the role of businessmen and private sector.” (more…)

Iraq WTO committee member warns Iraq about full accession to WTO membership; We have nothing to export

Posted: March 7, 2013 in Iraqi Dinar/Politics
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Member, Committee on the economy warns Iraq’s accession to the World Trade Organization in the absence of local product
Date: 13/03/07 12: 55: 27 Thursday

Baghdad (newsletter).Member of the Committee on the economy and warned investment iraqiya MP for//Qusay Juma, Iraq has joined the World Trade Organization in the current period because its economy is still dependent on foreign imports and production sectors, is activated.

He said Juma (News Agency): the Commerce Department must carefully before submitting a request to the World Trade Organization lanzmam Iraq, because the national economy is still dependent on foreign imports, and has products for both export oil. (more…)

Economist: Iraq in need of a good policy to manage federal funds and the development of national economy

Posted: March 6, 2013 in Iraqi Dinar/Politics
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Date: 13/03/06 10: 44: 12 Wednesday

Baghdad (newsletter).The expert stressed the economic importance of a fictitious Majid economic policy in the country for the success of the management of funds for the development of the Iraqi economy.

Mock said (News Agency): current economic policy is supportive of the economy, and there is bad management of distribution of federal income employment hand investment projects despite the abundance. (more…)

Investment Committee Member: House plans to modify the law on industry to support private industrial sector; Likely after budget adoption

Posted: March 5, 2013 in Iraqi Dinar/Politics
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Date: 13/03/05 10: 48: 40 Tuesday

Baghdad (newsletter). Detection of economy and Investment Committee member MP//Salman al-Musawi, a faith in the House of representatives to amend the law on the Ministry of industry as support for the private industrial sector, likely legislation following the adoption of the general budget.

He said al-Musawi (News Agency): the Ministry of industry had the package of amendments during past periods, but still need further amendments adapted to the policy of free market economy.
(more…)

Moussawi: the decline of economic development contributed decline in the value of the dinar against the U.S. dollar

Posted: March 3, 2013 in Iraqi Dinar/Politics
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Published in: 3:45 pm, March 3, 2013 by ipa

BAGHDAD (Iba) .. A member of the Economic Committee MP Salman al-Moussawi, that the strength of the Iraqi dinar and the monetary value depends on the strength of the economy of the country and the extent of recovery sectors of the state’s income-generating and not the central bank auction. (more…)

Banking Adviser: The linking of Iraqi banks with contribute to the elimination of money laundering in bank sector

Posted: March 3, 2013 in Iraqi Dinar/Politics
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Banker: National chunked project will contribute to the elimination of the money laundering process
Published in: 3:50 pm, March 3, 2013 by ipa 2 Views: 67

BAGHDAD (Iba) .. adviser said the North Bank for Finance and Investment wholesome Elias Abou, that linking the Iraqi banks divided national project will contribute to the elimination of the root to the process of money laundering in the banking sector.

He explained Abbou told the independent press (Iba) “The project divided the national will connect Iraqi banks banks world through a network of financial transfers are supervision full of banks worldwide within the framework of foreign remittances, stressing: that this network will ensure convert all amounts to the state to be out without She went to terrorist acts and money laundering. ” (more…)

Economist Opinion: Directors of CBI must be efficient to avoid currency war

Posted: March 3, 2013 in Iraqi Dinar/Politics
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Expert: Directors of the Central Bank is efficient will avoid Iraq danger of a global currency war
Published in: 1:39 pm, March 3, 2013

BAGHDAD (Iba) .. called economic expert peace Sumaisem, Directors of the Central Bank to submit its foreign currency reserves and gold tables considerations of the international economy and to communicate with global stock markets to avoid the risk of a global currency war. (more…)

Khalil: Iraqi funds abroad at risk must be renewed by the immunity

Posted: March 2, 2013 in Iraqi Dinar/Politics
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01-03-2013

He called the decision of the Commission on the economy and investment the Kurdistan blocs Coalition MP mehma Khalil, the importance of renewing the protection Iraqi funds abroad by the United States, noting that it is threatened by censorship as a result of litigation is not real by some States.

He said Khalil (News Agency): tighten and immunity on Iraqi funds from the United States to protect it from certain States which prosecute malicious calls to Iraq do not exist on the ground. (more…)

US. State Department: 2013 Investment Climate Statement – Iraq

Posted: March 1, 2013 in Iraqi Dinar/Politics
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Screen Shot 2013-03-01 at 12.32.59 PM

2013 Investment Climate Statement
BUREAU OF ECONOMIC AND BUSINESS AFFAIRS
February 2013

Openness to Foreign Investment

(more…)

Mixed opinions: What will happen if they delete the three zeros of the Iraqi currency?

Posted: March 1, 2013 in Iraqi Dinar/Politics
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3 – 1 – 2013

Politicians and economists stressed the Iraqis that if delete three zeros from the current currency of Iraq explain many risks because of poor conditions in the country, instability, insecurity and corruption, noting that this process is not possible at present because it will lead to a major crisis in the Iraqi economy.

Iraq is seeking to reform the currency management system and to facilitate their use and to reduce the number of banknotes from four billion to one billion and 800 million, by deleting three zeros and a coin. (more…)

Finance Committee Member: Iraq must start dealing in IQD; Support investment operations, business, and confidence in foreign dealings

Posted: February 25, 2013 in Iraqi Dinar/Politics
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Screen Shot 2012-11-27 at 11.49.09 AMFinance Committee: You must deal in Iraqi dinars in investment and business processes to support

Date: Monday 02/25/2013 07:34 pm

According to a member of the Finance Committee, MP Hassan Auzmn Bayati, the importance of dealing in national currency dinar in investment operations and business support and strengthen confidence in foreign dealings.

(more…)

Politicians continue to debate dropping zeros from the IQD

Posted: February 24, 2013 in Iraqi Dinar/Politics
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Screen Shot 2013-02-24 at 11.21.22 AMFears delete the zeros of the Iraqi currency

Raed al-Hashemi: The process of deletion of zeros is a necessary step for administrative reform of the currency (IRIN)

Agreed politicians and economists Iraqis that the process of deleting three zeros from the Iraqi currency current risk because of conditions of the country and the lack of security and stability and the spread of corruption, where Iraq is seeking to reform the system of currency management and ease of use and reducing the number of banknotes of four billion to one billion and 800 million paper, from by deleting three zeros and the issuance of a coin. (more…)

Foreign investment rises in Iraq

Posted: February 24, 2013 in Iraqi Dinar/Politics
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Organization announced gica Southeast Asian, on Saturday, that foreign investment rose in Iraq to 20-fold to become a $ 60 billion U.S. after it was three billion dollars four years ago.

According to a report of the Organization of gica quoted by the agency “Twilight News” that ” foreign investment in Iraq was a nearly three billion dollars by nearly four years. ” The report added that “foreign investment in Iraq is over $ 60 billion and is continuing to rise.” (more…)

Fayez: control the country and Gulf money in the Central Bank of baseless rumors; Mullah warns of Iraq’s transition to a global system for money laundering

Posted: February 24, 2013 in Iraqi Dinar/Politics
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Date: Sunday 24/02/2013 08:43 pm

A member of the Committee on Economic, Alastthmarwalaamar parliamentary that مايتردد over control money Qatari and Gulf capitals CBI just rumors and groundless on the ground at the time warned deputy for the Iraqi List Sunday, from Iraq’s transition to a global system for money laundering.

Said committee member Amer Al-Fayez’s (Citizen): »that the rumors in the media about control money Qatari and Gulf is inaccurate which rumors groundless on the ground». added »that the Commission has no evidence to this aspect and every Matsamah is from the media only». (more…)

Economic expert: Companies’ Act limits the freedom of the private sector

Posted: February 23, 2013 in Iraqi Dinar/Politics
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23/02/2013 09:14:00
The economic expert, Salam Smaisem said the Companies’ Act is still working in the same way of the central system, which limits the freedom of the private sector.

She told the National Iraqi News Agency / NINA /: “The Companies Act is still working in the same way that the central system works, which gives no room of adequate freedom to the private sector and also does not allow partnership between public and private sectors in a proper framework because it is still taking into account the dominance of the state on the economic sector “. (more…)

Shaways emphasizes attention to the industrial sector for the advancement of the country’s economy

Posted: February 20, 2013 in Iraqi Dinar/Politics
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Published on Wednesday, February 20 / February 2013 14:35

Deputy Prime Minister for Economic Affairs Rose Nuri Shaways, Wednesday, that future plans for the Iraqi government focusing on the advancement of the industrial sector, stressing the need to focus on the sector as an important tributary of the tributaries of Iraq’s national economy. (more…)

Iraq looks for WTO membership; Pleads for flexibility

Posted: February 18, 2013 in Iraqi Dinar/Politics
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IRAQ LOOKS FOR WTO MEMBERSHIP
Iraq, February 18, 2013
The President of the International Union of business said that Iraq has elements of economic qualify for joining the World Trade. (more…)

Economist Opinion: The need for independent board to reform economic policy in Iraq

Posted: February 17, 2013 in Iraqi Dinar/Politics
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Economic: the need for economic reform Board Act legislation to support Iraqi economy
Date: 2013-02-17 10: 34: 13 Sunday

Baghdad (newsletter). The Economist said Jalil Al-Rubaie, the draft law on the Council of economic reform will determine economic policy supports the vital sectors of the country, calling the need for legislation. (more…)

Iraq seeks WTO entry based on flexibility given to other countries; Qualified to join WTO says business union

Posted: February 16, 2013 in Iraqi Dinar/Politics
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Screen Shot 2013-02-16 at 12.19.08 PMPresident of the International Union of businessmen: Iraq possesses elements of economic qualify to join the World Trade
Date: Saturday 02/16/2013 07:46 pm

Called on the President of the International Federation of businessmen Iraq Hamid punitive “to the need to seek Iraq’s accession to the World Trade Organization because of its great advantages for the development of the national economy and raising its standards.

(more…)

Editorial (Part2): Inflation in the Iraqi economy and how to reduce its repercussions

Posted: February 14, 2013 in Iraqi Dinar/Politics
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 d. Accustomed Naji al-Hamdani

Part 1: http://thecurrencynewshound.com/2013/02/13/editorial-inflation-in-the-iraqi-economy-and-how-to-reduce-the-repercussions-1-2/

(2-2)
of the economic and social consequences of inflation, loss of confidence in the national currency. Sharp Valtsaad in prices weaken the purchasing power of the Iraqi dinar and investors and consumers heading toward security havens Instead, they resort to convert their savings into gold or National Real Estate or replaced in foreign currencies, leading to the emergence of the phenomenon of dollarization in the economy. (more…)

International Maritime Organization expresses readiness to cooperate with Iraq maritime sector

Posted: February 13, 2013 in Iraqi Dinar/Politics
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Wednesday, 13 February 2013 14:45 | | |

Baghdad (AIN) -The International Maritime Organization (IMO) delegation expressed during a visit to Basra readiness to support Iraq to develop the services presented by the Iraqi maritime sector.

A statement by the Ministry cited “The delegation observed the most important utilities of the Iraqi maritime where the delegation visited the Arab Gulf Academy, Um Qasr seaport and the Oil of South Club to brief on the workflow there.”

http://bit.ly/XLfO6V

Editorial: Inflation in the Iraqi economy and how to reduce the repercussions (1-2)

Posted: February 13, 2013 in Iraqi Dinar/Politics
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D. Accustomed Naji al-Hamdani

Inflation in the economy occurs in the case of the continuous rise in the general level of prices of all commodity groups, and service. Either the rise in the prices of some goods and services not called inflation.
And inflation complex phenomenon satisfactory and vehicle and staying in particular capitalist economy because of his ultra ongoing crises as an inevitable result of the structural nature-based struggle for exploitation
and profit. And can be subject to inflation all developed and developing economies alike. (more…)

National Investment Commission looming conducted a second adjustment to the Investment Law

Posted: February 12, 2013 in Iraqi Dinar/Politics
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02/11/2013 (23:00 pm) -

Prime National Investment Commission Sami al-Araji: “The Commission is seeking to hold the Second Amendment to the Investment Law to grant new facilities for investors in all fields, including seeking to develop new mechanisms to encourage investment and tackle unemployment through job creation through to make adjustments to the investment law current. (more…)

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