Posts Tagged ‘Egypt’

Iraq to deposit $4 billion in Egypt Central Bank to support Egyptian economy

Posted: March 25, 2013 in Iraqi Dinar/Politics
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Iraq filed four billion dollars of his assets in Egypt to promote its hard currency reserves

2013/03/25 13:57

Egypt announced on Monday, sending an economic delegation to Iraq includes the Minister of Planning and the Governor of the Central Bank and economists to agree on the details of the deposit of the Iraqi foreign currency in the Central Bank of Egypt in order to support the Egyptian economic semi-collapsed because of the protests and unrest continued in the country for more than two years . (more…)

Yasiri calls on the Iraqi government to hold talks with their Egyptian counterparts to repay its debts

Posted: March 21, 2013 in Iraqi Dinar/Politics
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Published in: 11:07, March 21, 2013

BAGHDAD (Iba) .. Called a member of the Finance Committee MP Abdul-Hussein al-Yasiri, the federal government to conduct talks fast with the Egyptian side to resolve the debt owed by Iraq under the previous regime. (more…)

IMF: Economic indicators in the Middle East will not change

Posted: February 10, 2013 in Iraqi Dinar/Politics
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Ruled out the International Monetary Fund in any change in economic indicators in the Middle East during the year 2013, which will weigh on oil-importing countries.

The director of the Middle East and Central Asia in the Fund Masood Ahmed said that financial and economic data of the Group of the oil-exporting Gulf, was good last year due to higher oil prices and increased demand for fuel around the world. (more…)

Kuwait – ­Iraq ties “thriving and positive” ­­says Iraqi FM Zebari

Posted: February 7, 2013 in Iraqi Dinar/Politics
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07/02/2013 | 05:28 PM | Kuwait News
CAIRO, Feb 7 (KUNA) ­­ Iraq’s Foreign Minister Hoshiyar Zebari has described Kuwaiti ­Iraqi relations as
“thriving and positive”, according to press release on Thursday.

Minister Zebari added in statement that Iraqi Prime Minister Nuri al­Maliki on Wednesday met with His Highness
the Amir of Kuwait Sheikh Sabah Al­Ahmad Al­Jaber Al­Sabah on the sidelines of the 12th OIC summit where
they discussed bilateral relations. (more…)

Maliki at Cairo Summit

Posted: February 6, 2013 in Iraqi Dinar/Politics
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Maliki looking morning with the outstanding issues between the two countries on the sidelines of the Islamic summit in Cairo
Published on Wednesday, 06 February / February 2013

b_0_0_0_00_images_politics_almalkiandalsbah
Cairo: Iraqi Prime Minister Nuri al-Maliki, Wednesday, the Emir of Kuwait Sheikh Sabah Al-Ahmad Al-Sabah on the sidelines of the conference of the Organization of Islamic Cooperation currently being held in the Egyptian capital, Cairo, and they discussed about the outstanding issues between the two countries and ways to solve them.

The reporter said “obelisk” of Cairo, al-Maliki discussed with morning bilateral relations between the two countries and ways of developing and consolidating positions between the two countries in the fight against extremism in the Muslim world.

(more…)

Parliamentary Finance Committee calls for deepening cooperation between the banks to enter the global market

Posted: February 2, 2013 in Iraqi Dinar/Politics
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Published on Saturday, 02 February / February 2013 19:18

The decision of the Finance Committee called parliamentary Ahmed electrodes, Saturday, to deepen the cooperation between the private banks and the Iraqi government and open more channels for cooperation through the development of banking systems, to enter the global market and the exercise of sophisticated transactions. (more…)

Arab Economic Summit: Iraq to begin a phase of cooperation in Arab market

Posted: January 20, 2013 in Iraqi Dinar/Politics
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Iraq will and a joint working paper at the Economic Summit
Published on Sunday, December 20 2 / January 2013

Detection Vice President Khudair Khuzaie, Sunday, that Iraq will be put and a joint working paper in Economic and Development Summit emanating from the Arab League, which kicks off the work of its third version on Monday in the Saudi capital Riyadh. (more…)

$6.9 billion dollars; Net private capital flows to the outside Iraqi

Posted: August 8, 2012 in Iraqi Dinar/Politics
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08/08/2012

Baghdad / follow-up JD / .. solve Iraq IV at the level of net private capital flows to the outside during the last 11 years $ 6.9 billion.

annual report to the investment climate in Arab countries for 2011 issued by the Inter-Arab Investment Guarantee Corporation and Export Credit “guarantee”: The “Kuwait was ranked first, with a total value amounted to 209.8 billion dollars, followed by Libya valued at 27.6 billion dollars, followed by Bahrain valued at 7.3 billion dollars, Iraq is $ 6.9 billion, then Palestine $ 1.4 billion dollars.” (more…)

Saturday the first day of Ramadan; Holiday will last for one month

Posted: July 20, 2012 in Iraqi Dinar/Politics
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2012-07-19 22:41:51

BAGHDAD (Iba) .. Sunni Endowment announced that on Friday will be a complement for the month of August, and will be on Saturday the first day of the month of Ramadan. (more…)

Economist: Iraqi banks need to develop global expertise

Posted: May 29, 2012 in Iraqi Dinar/Politics
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Date: Tuesday, 29-05-2012 03: 35 pm

Baghdad (newsletter) … Noted economic expert Dr. Abdul Aziz, Iraqi banks need to use global experience of development.

Said Abdul Aziz (News Agency news) on athlathaa: the Iraqi banks need to develop structured and its cadres and reliable global expertise to raise performance. (more…)

Arabs increasingly relying on the US dollar

Posted: February 13, 2012 in Iraqi Dinar/Politics
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Published February 13th, 2012

Arabs are increasingly relying on the US dollar to escape some of the economic repercussions of the Arab Spring. According to a study by New York’s International Peace Institute, Egyptians and others are choosing to use dollars rather than their own currencies. Iraq’s central bank says that its dollars are sustaining Syria’s black market in currency, and in Libya, people line up at banks every morning to purchase dollars.

A year after leaders were toppled throughout North Africa, the transitions in governments has not managed to ease economic hardships. Two-thirds of Egyptians see the economy as the country’s primary challenge, and since the West’s promised aid has not yet materialized, saving in foreign currencies has increased and government borrowing costs have skyrocketed. (more…)

Economist: Iraq will move to cancel the debt owed ​​to the Arab countries

Posted: January 8, 2012 in Iraqi Dinar/Politics
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08-01-2012 |

Noted economic expert Abdalhassan Shammari the importance of moving toward the Iraqi diplomat Arab countries to cancel debts and build upon national economy discreet.

Al-Shammari said in a statement to the Agency (news) on Sunday: that Iraq possesses a huge investment and can attract all the countries in the world to him.

He said: that Iraq’s oil wealth and will have great power actors in the international oil market, able to exploit this power in order to put pressure on Arab countries to cancel debts, because most European countries and East Asia canceled debts owed ​​by Iraq. (more…)

Abtan: Iraq a breeding ground for the economy, investment, and we welcome any Arab inclination to invest in it

Posted: January 4, 2012 in Iraqi Dinar/Politics
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2012-01-04 10:00:54
BAGHDAD (Iba) … According to a member Council of Representatives on the mass of ‘Abdul-Hussein Abtan Iraq a breeding ground for the economy, investment, and we welcome any Arab inclination to invest in it.

Said Abtan told the independent press (Iba) said Iraq has long called on Arab states to lift the siege and access to different entry Astosmarbaktaath Arab brothers to Iraq is welcome to join us in the process of building and reconstruction. (more…)

Egypt rejects Iraq’s request to waive the debts of the private sector

Posted: January 1, 2012 in Iraqi Dinar/Politics
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Reports by the Egyptian press, Sunday, for the Egyptian government refused an offer by Iraq to ensure the provision of out of private sector debt, estimated at about $ 408 million, claiming that this was not to acquire the right to waive the debt.

The Egyptian newspaper in a report seen by “Twilight News” that “the Egyptian government received an official invitation from Iraq to ensure the provision of out of private sector debt, estimated at about $ 408 million, the value of remittances from Egyptians private remittances for more than a yellow 20 years. “

The newspaper said that “the Egyptian government has rejected the Iraqi offer, which included the benefits of debt subject to the rules of the Paris Club, which provides for exempting Iraq from 80% of them, and bonds in 15 years the proportion of the remaining 20%.” (more…)

Iraq says he will not pay the debt this year, the Egyptian

Posted: December 15, 2011 in Iraqi Dinar/Politics
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Baghdad, 15 December / December (Rn) – The Iraqi government said Thursday it will not pay debts of Egyptian workers during the year.

The Economic Adviser in the government peace Quraishi, told the Kurdish news agency (Rn), “the Iraqi government can not pay (wages) Egyptian workers due to lack of budget allocations in 2012, amounting to about $ 100 billion.” (more…)

IMF: Middle East oil importers face sharp economic slowdown

Posted: October 26, 2011 in Iraqi Dinar/Politics
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IMF cuts its economic growth forecast for the Middle East’s oil importing countries – including Egypt and Tunisia – to just 1.9 percent this year.

Middle Eastern countries without significant oil resources face a sharp slowdown in economic growth as the effects of the Arab Spring reverberate across the region, the International Monetary Fund said Wednesday.

In a twice-yearly report, the IMF cut its economic growth forecast for the Mideast’s oil importing countries – including Egypt and Tunisia – to just 1.9 percent this year. That is down from an earlier IMF forecast of 2.3 percent and well below the more than 4 percent growth in 2010.

Read More: http://bit.ly/tWsQV0

MP Shammari calls on politicians to overcome differences; Work to restore Iraq, regionally and internationally

Posted: October 18, 2011 in Iraqi Dinar/Politics
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Shammari reason to overcome differences and work to restore Iraq’s role in leading the region

He called for the Iraqi bloc white Shammari Kazem Iraqi politicians to overcome their differences and take advantage of the decline in the leading role of some Arab countries in the region and influencing the delivery of Iraq to the Arab leadership, regionally and internationally.

He told him the Information Office of the Mass on Tuesday: “In reviewing the map of the Arab world and to look at the centers of power earlier, we see that Egypt occupies the lead in the African Arab and matched by Saudi Arabia in the Asian Arab, as we shall see clearly down the role the Egyptian-Saudi because of internal crises and not stability in these two countries. “

(more…)

Arab Banking Conference in Beirut next month

Posted: October 13, 2011 in Iraqi Dinar/Politics
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Attend the Union of Arab Banks mechanisms and the preparations for the inaugural Annual Arab Banking Conference for 2011 in the Lebanese capital Beirut on 24 and November 25 next, under the title «the future of the Arab world in light of changes of the current«.

The number of participants more than 500 Arab banking and international, in addition to ministers and the rulers of Arab banks and leaders of international institutions, led by Lebanese Prime Minister Najib Mikati, who will look after and opened the conference, the Secretary General of the League of Arab States, Dr. Nabil el-Arabi.

(more…)

Foreign direct investment for Arab region expected to fall; Iraq projected to double

Posted: October 10, 2011 in Iraqi Dinar/Politics
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Decrease the flow of investments in Arab countries and rising in Iraq
Decrease the flow of investments in Arab countries and rising in Iraq

A report published by Arab financial windstorm that the flow of foreign direct investments to the Arab states will fall by 17% this year and will decline more sharply in the countries of “Arab spring”.

The report confirmed the Arab Association for Investment and Export Credit, based in Kuwait that foreign direct investment in 21 Arab countries will fall to 55.1 billion dollars in 2011 from 66.2 billion dollars in 2010.

(more…)

Egypt could be the next GCC member state, Gulf sources say

Posted: September 29, 2011 in GCC
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Egypt is being considered for incorporation into the Gulf Corporation Council (GCC).

Discussions are under way about making Egypt a GCC member, the Kuwaiti al-Watan newspaper reported Gulf sources as saying.

The sources also said that the GCC states are enthusiastic about Egypt joining, as the country has the capabilities and shares mutual strategic interests with the Gulf states. Egypt’s security historically has also been linked to the security of the Gulf, they added.

(more…)

Iraq is a candidate for the position of Director for WHO-Eastern Mediterranean

Posted: September 29, 2011 in Iraqi Dinar/Politics
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29/09/2011

An official source at the Iraqi Embassy in Cairo yesterday, the nomination of the Minister of Health is earlier for the post of regional president of the World Health Organization Eastern Mediterranean, which will be elected during the next session of the Organization, which will start its operations in Cairo next Saturday.

(more…)

State of Law MP denies there is upcoming plan for Maliki to tour Arab region

Posted: September 8, 2011 in Iraqi Dinar/Politics
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Prime Minister of Iraq Nuri al-Maliki listens ...

Prime Minister Nuri al-Maliki

State law denies the intention of al-Maliki for a tour of regional

Alsumaria News / Baghdad denied the coalition of state law, led by Prime Minister Nuri al-Maliki, on Thursday, and no intention of last resort for a tour of some countries in the region, stressing there is no blueprint for this tour at the moment.

A member of a coalition of state law, Yaseen Majeed, said in an interview for “Alsumaria News”, “Prime Minister Nuri al-Maliki has no intention at the present time for a tour to a number of countries in the region,” adding that “there are no arrangements for a regional tour.”

(more…)

Marketwatch: Turkey and Vietnam Among Destinations Providing Best Currency Value for Travelers

Posted: September 1, 2011 in Asian Currency Markets, Investment Tips, Other Currencies
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Travelex Reports on Locations Offering “Best Bang for Your Buck”

NEW YORK, Sep 01, 2011 (MARKETWIRE via COMTEX) — According to a recent assessment by Travelex, the U.S. dollar has strengthened against the currencies of Turkey, Vietnam, Egypt and Argentina, among other top destinations for U.S. travelers. As the world’s largest non-bank foreign currency provider, Travelex constantly monitors exchange rates and is therefore able to determine which overseas destinations are offering the greatest value at any given time.

The Turkish Lira, for example, experienced a year-over-year change of almost 14 percent, which means a visitor to the Eurasian country would receive 14 percent more for his or her currency this year compared to last year. The Vietnamese Dong, Egyptian Pound and Argentinian Peso are also offering a better bargain for U.S. travelers in 2011, with year-over-year percent changes ranging from approximately five to seven percent.

Read more:  http://www.marketwatch.com/story/turkey-and-vietnam-among-destinations-providing-best-currency-value-for-travelers-2011-09-01

Iraq Business News Editorial: Just How International is Iraq?

Posted: August 25, 2011 in Iraqi Dinar/Politics
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If anyone ever doubted the international nature of business in Iraq, just look at the list of nationalities represented on the list of companies pre-qualified for the country’s fourth round of oil licences:

  • Angola
  • China
  • Croatia
  • Egypt
  • France
  • India
  • Indonesia
  • Italy
  • Japan
  • Kuwait

(more…)

Iraq decides to pay debt of $400 million for the wages of Egyptian workers

Posted: August 23, 2011 in Iraqi Dinar/Politics
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Baghdad, August 23 / August (Rn) – The Iraqi Ministry of Finance of the Federal, Tuesday, they decided to pay the debts of Egyptian workers and $ 400 million.

A spokesman for the ministry Zaid Zamel told the Kurdish news agency (Rn) that “the Ministry of Finance decided to pay the debts of the Egyptian labor and $ 400 million because they do not conflict with the Paris Club agreement.”

And shape at the beginning of August the Iraqi / August finance committee and legal resolving the debt problem of Egyptian workers.

(more…)

Iraqi delegation to Cairo to discuss debt

Posted: July 31, 2011 in Iraqi Dinar/Politics
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Iraqi delegation to Cairo to discuss my debt and pay remittances yellow
31/07/2011

Up to Cairo on Tuesday a delegation from the Ministry of Finance and Foreign Affairs headed by senior agent of the Ministry of Foreign Affairs, Abawi to discuss a number of issues with the Egyptian side led by Iraqi debt private file transfers yellow.

An official source at the Iraqi Embassy statement the “morning”: that the delegation will coordinate with the Ministry of Finance and the Egyptian Foreign Ministry to receive the amounts of remittances yellow amounting to $ 408 million represents the wages that have been converted by Egyptian workers to their families in Egypt and the former regime, booking it and are approved Council of Ministers launched recently.

http://bit.ly/oVKmuS

Through holding parliamentary sessions during the month of Ramadan

Posted: July 17, 2011 in Iraqi Dinar/Politics
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The heads of parliamentary blocs, the continuation of the meetings of the Council during the twenty-first day of the month of Ramadan is that the disruption in the last ten days of the month of Ramadan

http://wp.me/pZC7o-9m9

Parliamentary delegation to arrange Pope Benedict XVI visit to Iraq

Posted: July 11, 2011 in Iraqi Dinar/Politics
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7/11/2011

An Iraqi parliamentary delegation discussed in Rome, Italy, the expected visit of Pope Benedict XVI to Iraq.

In a statement issued by the Chairman of the Parliamentary Foreign Relations Commission, Sheikh Humam Hammoudi, as was received by Aswat al-Iraq, the delegation took part in the seminar held at the Italian parliament today (Monday) on the role of the parliament in facing social effects and national economic reform, as well as electronic parliament support in Egypt, Iraq and Lebanon.

Arrangements are being finalized for this visit to the historical city of Ur in southern Iraq, as stated by Iraqi ambassador to the Vatican, Habeeb al-Sadr.

http://en.aswataliraq.info/Default1.aspx?page=article_page&id=143713&l=1

Talabani and Maliki, visiting Cairo soon

Posted: July 10, 2011 in Iraqi Dinar/Politics
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10/07/2011

At a time when it was announced Permanent Representative of Iraq to the League of Arab States near the visit of the President and Prime Minister Jalal Talabani and Nouri al-Maliki Cairo separately soon begin Egyptian Prime Minister Essam Sharaf next week visit to Iraq in order to strengthen bilateral relations between the two countries.

Said Alaa Awad, media advisor to the Minister of Labor and the forces of the Egyptian working for the “morning”: “The visit of honor comes at the invitation of Prime Minister Nuri al-Maliki, where he is scheduled to be which to consider many of the files to strengthen cooperation between the two countries.” “It will be during this visit is to discuss file transfers yellow due to the Egyptians in order to resolve this issue and payment of these funds to the beneficiaries.

(more…)

World Bank convinced of huge growth potential for Middle East; Investors cautious

Posted: July 4, 2011 in Iraqi Dinar/Politics
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Is the economic miracle achieved an Arab?
04/07/2011 9:45

From an economic perspective, the Arab spring blow to the region. Investors are cautious, and there is a big question mark hovering over the prospects of development. But the World Bank experts are convinced that the Middle East and North Africa still has huge growth potential.

To prove this point of view, preferably Dimitris Tsetserajus cited the example of the unexpected, Iraq, where he says the new Vice President of International Finance Corporation, the Middle East and North Africa, the largest arm of the Investment Bank, the country’s troubled «seems to be vanished from view in the current period».

(more…)

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