Posts Tagged ‘Insurance’

National Insurance: the high rate of insurance (50%) from last year

Posted: December 11, 2011 in Iraqi Dinar/Politics
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On: Sun 12/11/2011 10:42

Baghdad) news) .. said General Manager National Insurance Company of the Ministry of Finance Sadiq Fadhil al-Khafaji, provide cover to ensure security for all aspects of life in accordance with regulations to ensure the rights of citizens to the last detail, referring to the high rate of insurance up to the Iraqis (50%).

He told the reporter Agency (news) said on Sunday: The company adopts advanced mechanisms to protect the lives of citizens in all the details of social and economic return for token sums do not affect the level of family living standards, in addition to the insurance business in different economic sizes. (more…)

Iraq decides to set up committees to retrieve his money abroad

Posted: November 27, 2011 in Iraqi Dinar/Politics
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Baghdad, November 27 (Rn) – The parliamentary Finance Committee, Sunday, the formation of a number of committees will soon undertake the task of recovery of Iraqi funds in a number of States after the ratification of the retrieval of Iraqi funds abroad by the House of Representatives.

And decided to U.S. President Barack Obama in the May / May this year to extend the protection of Iraqi funds in the United States for another year. (more…)

Iraq: The Securities Commission plans to raise the volume of ISX trading

Posted: November 27, 2011 in Iraqi Dinar/Politics
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27/11/2011 14:28

Baghdad, November 27 (Rn) – The Securities Commission said Sunday it plans to raise the volume to more than two billion dinars a day.

Trading volume in the Iraqi market for securities billion Iraqi dinars per day in October / October.

The executive director of the Abdul Razzaq al-Saadi told the Kurdish news agency (Rn), “the size of the current trading below the level of ambition. We seek to raise it to more than two billion dinars.” (more…)

Iraq Officially Ends the Opening of the Market Requirements of Arbil Stock Exchange

Posted: September 30, 2011 in Iraqi Dinar/Politics
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Announced the head of the Iraq Stock Exchange on Friday, for the end of the formal requisites of market opening Arbil Stock Exchange.

Abdul Razzaq al-Saadi told the Kurdish news agency (Rn) that “the SEC ended legal and technical requirements to start a market for securities of Arbil international specifications.”

He pointed out that the “market for trading financial Arbil, the actual work will begin after the completion of the Kurdistan Regional Government, the electronic link with the central Baghdad Stock Exchange, which will actually few days.”

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World Bank seeks to help foreign investors in Arab countries

Posted: June 30, 2011 in Iraqi Dinar/Politics
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The World Bank, on Monday, the International Agency for Investment Guarantee will propose a one billion dollar insurance to cover risks in the Arab countries for foreign investors.

The bank said in a statement that the insurance agency on the political risk can be an important tool to cover investors worried about their investments or who present their projects in the region.

And on the period of insurance, said an official at the agency’s risk management Paul Barbour said the agency refers to the average order, ie, three or four or five years.

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Investment in Iraq Summit highlights region’s favorable foreign investment laws

Posted: May 23, 2011 in Iraqi Dinar/Politics
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May 23 2011

The ‘Investment in Iraq’ Summit recently concluded in Dubai and organized by Range Hospitality highlighted that Iraq has some of the most favorable foreign investment laws in the Middle East, making Iraq one of its most lucrative markets. The summit witnessed keen participation from over 100 decision makers, entrepreneurs and investors representing diverse business backgrounds.
Mohammed Asaria, Vice Chairman of Range Hospitality.

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Iraqi official: Weakness of the banking system and insurance sector impedes the flow of investments

Posted: May 21, 2011 in Iraqi Dinar/Politics
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A government official said that investments in Iraq started to recover with improved security and political stability, but there are still a variety of obstacles including weakness of the banking system and insurance sector and the problems associated with land.

The sectarian violence after the US-led invasion in 2003 and political crisis which lasted for most of 2010 until a new government was formed in December, the unwillingness of many investors to pump money into projects in war-torn country.

Salar said Mohammed Amin, Deputy Chairman of the National Investment in an interview that these factors do not pose a problem now, although there are other obstacles to be overcome so that Iraq can attract foreign capital it needs.

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National investment and signed contracts worth almost $ 15 billion

Posted: May 20, 2011 in Iraqi Dinar/Politics
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A government official said that the investments in Iraq started to recover with improved security and political stability, recognizing a set of obstacles, including weak banking system and insurance sector and the problems associated with land.

Salar said Mohammed Amin, Deputy Chairman of the National Investment Commission authorized told Reuters that these factors do not represent a problem right now although there are other obstacles to be overcome so that Iraq can attract foreign capital it needs.

He added that talk of an investor comes to invest his money in a foreign country, there are important factors will be asked, such as security and political conditions and the banking system and insurance, and insisted that they were able to resolve 50% of these problems.

He said that the National Authority for Investment signed contracts for foreign investments and new investments to the private sector $ 10 billion to $ 15 billion since the beginning of this year compared with 10 billion Dolart in 2010 as a whole.

Iraq National Insurance confirms success in attracting international oil companies

Posted: April 23, 2011 in Iraqi Dinar/Politics
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National Insurance: international oil companies that insure their investments to our

National Insurance Company confirmed its success in attracting international oil companies invested in the fields of Iraq to ensure the projects with the company, noting at the same time it is ready to secure the oil companies in oil and gas round four.

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