Posts Tagged ‘Economy of Iraq’

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.

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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/

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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…)

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

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…)

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…)

Date: 2013-02-11 19: 51: 43 Monday

“For sure, (newsletter).The representative of the United States Agency for international development, through his Committee of the regions and governorates of the draft public sector modernization programme in Iraq. (more…)

09/02/2013
By Takema Sakamoto

Based on its rich natural resources and huge market potential, Iraq’s economic prospects seem promising.

Its population, currently 32 million, is forecasted to increase by over 3 percent annually, which will create a larger number of future consumers. Its gross national income (GNI) per capita, currently $2,640, is estimated to grow by around 10 percent per year on average. Spending power is expected to grow rapidly. (more…)

Date: 13/02/05 18: 11: 44 Tuesday

Baghdad (newsletter).Ambassador of the Republic of Iraq participated in Italy Xiyuan Barzani Economic Forum held in the Italian city of Mons in the presence of a number of governmental and diplomatic figures of various countries. (more…)

A member of the parliamentary economic committee Amer Al-Fayez said the law of customs tariff law was not enforced until now because the end of the General Authority for Customs preparations for its implementation. (more…)

Date: Sunday 03/02/2013 07:56 pm

According to a member of the Committee on the economy and investment MP / National Alliance / Abdulabas Xiaa, that trade in Iraq is the hand of import and export, calling for cancellation of its law and new legislation to regulate the trade in the country. (more…)

Screen Shot 2013-02-02 at 11.40.31 AMDate: Thu 01/17/2013 03:00 pm

D. Kamal Basri
Dean of the Iraqi Institute for Economic Reform

Iraqi economy in the world’s fastest-growing

Issued by the Bank of America Merrill Lynch (BAML) in the United States report shows that Iraq will Achieve the highest growth rate for the years 2012-2013 in the world, data showed Wall Street bank (Wall Street bank’s data) that Iraq will achieve the highest growth rate in GDP (GDP) for 2012, which amounts to 10.5%, and China ranked second at 7.7% and the top ten economies in the world will not exceed its estimated growth rate of 5.5% for the same year. (more…)

On: Wednesday 01/30/2013 07:46 pm

Iraqi economic expert said, “The current monetary policy pursued by the Central Bank of Iraq has led to a reduction in the value of the Iraqi dinar against the dollar, compared to what it was before the issuance of an arrest warrant former central bank governor Sinan al-Shabibi. (more…)

BAGHDAD / Ali Author

A number of academics to correct the course of the national economy and drive development forward and enhance the contribution of non-oil sectors (k industrial and agricultural sector and tourism) in GDP, comes the inevitable result of the implementation of economic reform policies and administrative restructuring required level. (more…)

Submitted translation:

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28-01-2013 12:22 PM
Free -

UNESCO prepared a study to discuss the reality of investment in the agricultural sector in the country and the possibility of achieving progress in cooperation with the FAO and the Ministry of Agriculture.

The project coordinator confirmed support agricultural employment and growth in Iraq and the Organization of UNESCO Nidal Kazem prepare Organization study to examine the reality of investment in the agricultural sector in collaboration with the Food and Agriculture Organization FAO and the Ministry of Agriculture. (more…)

Date: 13/01/26 12: 17: 11 Saturday

Baghdad (newsletter) … The Economist called Salem aldaini, need to activate all conventions held with European and developed countries to support and develop the national economy.

Aldaini said (News News Agency): that Iraq had concluded agreements with various economic sectors with European and Asian countries in economic areas such as the Czechs and Ukraine and Sweden, Germany and China and Korea but is still not activated. (more…)

A member of the Finance Committee MP Abdul-Hussein al-Yasiri, the importance of economic amend all laws enacted previously according to a legal formula is consistent with the current economic situation.

Yasiri said in a press statement that “The Iraqi economy is undergoing a conversion of central totalitarian which was dominated by the former regime to a free market economy, who believes in the system of competition in price and quality for products in the market. (more…)

Font Size:01/22/2013 (23:00 pm)
D. Accustomed Naji al-Hamdani

Seen monetary and fiscal policy since 2003 a major shift in the banking sector has taken the Iraqi government some necessary measures derecognition foreign exchange controls and the lifting of restrictions on the movement of trade, capital and support and encourage private companies in the banking sector to move from a system exchange controls system to the open market as one requirements of a market economy. (more…)

23/01/2013 12:00 am

Reviewing the prospects for 2013

said a specialist on the importance of expanding capital markets in the inclusion of joint stock companies in the Iraqi market for securities because of this trend of big positives on the Iraqi economy, where to invest new money in the stock market as well for that part of it will employ to serve the economy in other aspects of the investment, pointing to the importance of the initiative of companies on its shares in the local bourse. (more…)

23/01/2013 12:00 am

Announced by the Finance Committee MP Najiba Najib, the intention of its for the special conference for the development of the banking sector with the participation of international partners and experts bankers (more…)

 Baghdad / tributary cactus

Called observers to the need to improve the reality of trade in the country and stimulate industrial sectors absent at the present time and the production of goods that enter the world of global competition, so that the Government should seek to join the World Trade Organization.

expressed Director of UNIC economic Dergham Mohammed Ali for reservation of Iraq’s accession to the World Trade Organization in At present there is no products in the Iraqi markets. (more…)

21/01/2013 12:00 am

Urged the need to develop the energy sector in the country

urged economists on the importance that exploits the country of human potential in order to increase rates of sustainable development in Iraq, pointing to the existence of a number of obstacles facing the economic process in general, led a whole to decline rates of development, and caused low GDP, and while experts stressed the need to exploit the wealth large enjoyed by Iraq optimally, criticized economic thinker Dr. Mehdi Hafedh dominance of the public sector on the economic movement in the country, describing the measures to boost rates of sustainable development in Iraq (b minor). (more…)

20/01/2013 12:00 am

stressed Iraqi Prime industrial assembly Abdul Hassan Shammari the importance of openness towards the global industrial blocs and build bridges of cooperation between Iraq and those countries to the benefit to the local economy as well as working on the introduction of advanced technologies to the country. At a time announced by the Ministry of Industry activate Economic and Industrial Cooperation between Iraq and the Czech Republic. (more…)

Confirmed the Finance Committee in the House of Representatives that the national economy will be affected all sectors if they are not ambulance banking sector, at the same time reported the Association of private banks that the private banking sector began to grow increasingly.

said committee member Faleh sari told Euphrates News that ” the banking sector of the important sectors and vitality and contribute significantly to the calendar and stimulate the national economy, whether that relying on the basis of internal movement or on investment and attract money and also helps a great help in the volume of imports and foreign contracts. ” He pointed out that “when we open letters of credit must be there Banks sober able to be equipped to deal with the corresponding international. ” (more…)

A member of the parliamentary Finance Committee Faleh applicable to the national economy in all sectors will be affected if there is no ambulance in the country’s banking sector.

He said in effect, told {Euphrates News} Saturday that “the banking sector of the important sectors and vital and significant contribution to the calendar and stimulate the national economy, whether that relying on internal traffic or on investment and attract money and also helps a great help in the volume of imports and foreign contracts. ” (more…)

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…)

A member of the Economic Commission MP Abdul Hussein Abtan, that Iraq’s economy is making good steps and large able to join the World Trade Organization, pointing out that: Iraq has a high percentage of oil and the consequent large sums belonging to the state budget makes its economy significantly. (more…)

01/17/2013 12:00 am

select economic adviser challenges and difficulties faced by the Iraqi economy under U.S. occupation of Iraq 2003 – 2011 three phases show which traces the repercussions of the occupation on the Iraqi economy and the problems that accompanied and provided solutions successful treatment. (more…)

Expert: Iraq needs to rehabilitate and expand infrastructure investment through the gate

01/17/2013 12:00 am

The inability of the project to meet the needs of a growing population of

stressed economic experts and specialists on the importance of finding new outlets for real advancement in the investment process that was sought by the country, where the investment has become of great importance at all levels. (more…)

MP CALLS TO DIVERSIFY RESOURCES OF IRAQ’S ECONOMY
Iraq, January 17, 2013
Member of the Parliamentary Economy & Investment Committee, MP Salman al-Musawi, called to “Activate the taxes and upgrade the agriculture and industry sectors to be exploited as additional revenues beside the oil sector revenues,” noting that “The economy of Iraq is growing increasingly but it still depends on oil sector only.” (more…)