Posts Tagged ‘Oman’

Unemployment rate in Iraq at high levels internationally and within Arab region

Posted: March 3, 2013 in Iraqi Dinar/Politics
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Iraq solves ninth in the world and third in Arab highest level of unemployment

03/03/2013

Iraq solution ranked ninth in the world and the third Arab unemployment at its highest level.

The latest available data, the Gulf States: recorded unemployment rates in most Arab countries, record highs in 2012, especially in the countries of the Arab Spring, Mauritania, Palestine, and race. The Gulf Emirates recorded the highest unemployment rate among the countries of the Cooperation Council for the Arab States of the Gulf. (more…)

Zebari and British Minister of State launch visa section “visa” at the British Embassy

Posted: January 24, 2013 in Iraqi Dinar/Politics
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Date: 13/01/24 17: 28: 13 Thursday

Baghdad (newsletter) …Experienced British dining in Baghdad on Thursday, the opening ceremony of the visa section “visa”, and Iraqi citizens can submit their applications directly to the British Embassy in Baghdad instead of Oman or a third country for a visa. (more…)

Iraqi per capita income class (average) compared to the world’s Arab citizens

Posted: September 18, 2012 in Iraqi Dinar/Politics
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09/18/2012

BAGHDAD / JD / .. A report addressing the investment climate in the Arab countries that the per capita income of Iraq class average compared to the world of the Arab citizen.

predicted the report published by newspaper days Bahraini: the average income of Arab citizens is growing at 2%, up to 6973 dollars by the end of this year , compared to 6781 dollars last year, and compared with an average income of 4391 dollars in 2006. (more…)

The specter of closing the Strait of Hormuz, threatening the global economy

Posted: July 28, 2012 in Iraqi Dinar/Politics
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28-07-2012 01:44 PM

Endorsement came the Iranian Shura Council ‘Parliament’ days before the bill threatens to close the Strait of Hormuz to oil tankers in response to European sanctions on Iran’s oil sector, to maximize the international concerns of the economic consequences that may result from the implementation of Iran’s threats to close the strait. (more…)

House of Representatives announces Monday session will be allocated entirely to discuss 2012 budget

Posted: February 5, 2012 in Iraqi Dinar/Politics, Top Headlines
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SUNDAY, FEBRUARY 5, 2012

Announced the Economic Committee in the House of Representatives, Thursday, for the House of Representatives decided to allocate its for tomorrow fully to discuss the budget, indicating that not to send the final accounts for previous years and from 2011 by the government was one of the main reasons of the delay in approving the budget.

A member of the Committee of Economy and Investment parliamentary Abdul Hussein Abtan for “Twilight News”, “the President of the House of Representatives responded to the request of the Economic Commission to allocate a hearing on Monday to discuss the entire budget.” (more…)

Iraq is witnessing a migration of foreign currency because of the political situation

Posted: December 20, 2011 in Iraqi Dinar/Politics
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Mon, 19 December-December 2011 12:50

Iraqi banking sources revealed that the last few days have seen a broad movement of remittances by a large number of Iraqi traders and owners of capital to financial institutions in a number of Arab and foreign countries.

The sources said in a statement (Baghdadiya News) that “there is fear prevail in the general situation in Iraq for two main reasons, firstly the U.S. withdrawal and the tense security situation and second, the political crisis that emerged during the daily two, especially news about the arrest warrant issued against the Vice-President Tareq al-Hashemi and try to head Minister to withdraw confidence from the Deputy Saleh al-Mutlaq ” (more…)

Jordan had not paid for Iraqi oil since two years ago

Posted: November 27, 2011 in Iraqi Dinar/Politics
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Revealed a senior political source from the failure of Hashemite Kingdom of Jordan to pay the price of Iraqi oil imported by Oman at preferential prices, pointing out that the latter argue not to resolve a debt on Baghdad.

The source, who is close to the circles of senior government, that “Iraq has resumed two years ago to provide suffered by 10 thousand barrels of crude oil at preferential rates of not more than $ 30 while the world oil prices exceeded the barrier of $ 100 per barrel. “

(more…)

Research and Markets: Middle East Power Market Analysis to 2030

Posted: September 23, 2011 in Iraqi Dinar/Politics
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DUBLIN — Research and Markets  has announced the addition of GlobalData’s new report “Middle East Power Market Analysis to 2030 – Strategic Analysis from IPP and EPC Perspective, Investment and Regulatory Scenario, Competitive Landscape, Technical Consultant Analysis” to their offering.

Middle East Power Market Analysis to 2030 – Strategic Analysis from IPP and EPC Perspective, Investment and Regulatory Scenario, Competitive Landscape, Technical Consultant Analysis gives detailed information on the Middle East power market and provides a strategic analysis from IPP and EPC perspective about the investment opportunities in selected ten countries in the region. This report includes a detailed analysis of the current investment climate in the power sector of the ten countries over the next decade. The countries covered are Qatar, the United Arab Emirates, Oman, Kuwait, Iraq, Bahrain, Jordan, Syria, Lebanon and Yemen.

Read more: http://www.sunherald.com/2011/09/22/3450537/research-and-markets-middle-east.html#ixzz1YmGYSe58

GCC states to stick with US dollar

Posted: August 8, 2011 in GCC, Iraqi Dinar/Politics, US Economy
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Gulf markets tumble as investors dump stocks over eurozone, us fears

Abu Dhabi: The Gulf Cooperation Council (GCC) states, except for Kuwait, which keep their currencies pegged to the US dollar and are major buyers of US government debt will likely maintain the status quo for the foreseeable future despite a downgrade of the world’s largest economy by credit ratings agency Standard & Poor’s (S&P) on Friday.

Officials from the UAE and Oman spoke in support of the US dollar yesterday.

A senior UAE Central Bank official reaffirmed the country’s stance on keeping the dirham’s peg to the dollar intact.

“We are pegged to the dollar and will keep it. We don’t see the dollar collapse. Because the problem is not in the US only, but also in the European markets,” Mohammad Al Tamimi, deputy executive director at the UAE Central Bank’s treasury department, told Reuters.

Read More: http://gulfnews.com/business/economy/gcc-states-to-stick-with-us-dollar-1.848692

UAE supports peg, Oman says no alternative to US debt

Posted: August 7, 2011 in Euro, GCC, Iraqi Dinar/Politics, US Economy
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Gulf central bankers were huddled in separate meetings on Sunday to discuss the downgrade, sources said. (File Photo)The United Arab Emirates will keep its currency peg to the US dollar even after Standard & Poor’s downgraded the world’s biggest economy, and Oman sees no risk in investing in US treasuries, officials said on Sunday.

Gulf central bankers were huddled in separate meetings on Sunday to discuss the downgrade, sources said.

All Gulf Arab states, except for Kuwait, peg their currencies to the greenback and their fortunes are closely tied to US developments. Gulf states are also major investors in US treasuries.

“We are pegged to the dollar and will keep it. We don’t see the dollar collapse. Because the problem is not in the US only, but also in the European markets,” said Mohamed Al Tamimi, deputy executive director at the UAE central bank’s treasury department.

Read More: http://english.alarabiya.net/articles/2011/08/07/161213.html

The lunar month of Ramadan Astronomically, the first day of August next.

Posted: July 24, 2011 in Iraqi Dinar/Politics
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Date: July 24, 2011

Astronomical calculations show that to see the moons on the first Monday of August is the next lunar month of Ramadan in most Muslim countries.

The return of Mohamed Shawkat, head of the project to monitor the Islamic crescent that astronomical calculations show that most Islamic countries based sighting condition for the start of the lunar month.

He noted that for the crescent of Ramadan in some Muslim nations will be on Saturday 29 th August in those countries, including Gulf states, except the Sultanate of Oman and the Levant and Egypt.

(more…)

The Currency Newshound: GCC Economic Profile and Iraq Comparison

Posted: June 24, 2011 in Iraqi Dinar/Politics
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The following is a cursory glance at the six nations which comprise of the GCC and how it compares to Iraq.  The six nations which is made up of Kuwait, Bahrain, Oman, United Arab Emirates, Qatar, and Saudi Arabia indicate exchange rates ranging from about $0.27 USD upward to $3.61 USD and averaging $1.61 USD.  The economic indicators primarily reflect conditions as of 2010.

The grid offers some indication of the strengths of the GCC union and how it collectively compares directly to Iraq. Each economic indicator and the GCC country which compared the closest was extracted and then summarized below.  The eight indicators provided an overall average exchange rate of $1.98 USD and a median exchange rate of $2.60 USD.  By comparison Oman compared closest overall with similarities in Debt to GDP ratio, Inflation rate, and Global Exports.

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Kuwait Airways refuses to give up one penny of the debt of the Iraqi Airways

Posted: June 2, 2011 in Iraqi Dinar/Politics
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Said Hamad al-Falah Chairman of Kuwait Airways Corporation, said on Wednesday that his country would not tolerate, or tolerate with respect to receivables of Kuwait Airways to their Iraqi counterparts.

Said Hamad al-Falah told the press that his country would not give up one penny, and denied that the Iraqi government had made ​​any offer or settlement of the issue of debt owed ​​by the Airways Corporation of Iraq, stressing that Kuwait Airways has sought more than once to end the crisis, but that Iraq did not appear to pay any serious financial receivables.

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Foreign Minister arrives in Cairo to attend a meeting Arab Foreign Ministers Council of the League of Arab States

Posted: March 2, 2011 in Iraqi Dinar/Politics
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Arrived today in Cairo, Mr. Foreign Minister Hoshyar Zebari to attend the regular meetings of the session (135) League Council Arabpaly the ministerial level.

And will deliver a speech Secretary of State President of the regular session (134) of the Ministerial Council of the League And the movement of the presidency to the Sultanate of Oman.

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Jordan calls for Iraq to pay oil loans

Posted: February 8, 2011 in Iraqi Dinar/Politics
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Said ministry spokesman Assem Jihad, the Iraqi oil that the Iraqi government demanded that Jordan payments of crude oil have been exported to Oman at below-market price, during the years 2003 – 2006 and with 114 million U.S. dollars.

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