Posts Tagged ‘reuters’

Allawi: Situation in Iraq is going through dangerous period that requires implementing Erbil Agreement

Posted: April 6, 2013 in Iraqi Dinar/Politics
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06/04/2013 21:54:00

Baghdad (NINA) – Leader of Iraqiya slate, Iyad Allawi, said that the situation in Iraq is going through dangerous period that requires implementing the Erbil Agreement.

In his speech announcing the slate of United Iraqiya National Alliance, Allawi said that the campaigns of intimidation and exclusion are continuing in Iraq, since many Iraqi political forces (he did not name) are subjected to insemination and exclusion and been denied to express their opinion in many forums.

Allawi added that it is clear evidence that who runs Iraq is running it in an insufficient way.

http://bit.ly/10E42wu

Euro below 1.3 dollars and sterling to its lowest level in 30 months

Posted: March 2, 2013 in Iraqi Dinar/Politics
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02-03-2013 09:00 AM

Sterling fell yesterday to its lowest level in more than two and a half years against the dollar after data showed that the manufacturing sector in Britain Shrank strongly in February last year, Stoked fears of a double-dip recession.

With the growing concern regarding the British economy, increased bets on the resumption of Bank of England’s program to revive the cash next week, could push the pound to go down below $ 1.50 sooner than expected. (more…)

“IMF”: Iraq reduce gold holdings by a quarter

Posted: January 27, 2013 in Iraqi Dinar/Politics
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27/01/2013

Data from the International Monetary Fund (IMF) to Iraq to reduce its holdings of gold by a quarter to 29.9 tons last November, after efforts to strengthen reserves in recent times.

According to monthly statistics report issued by the Fund holdings have increased 9.6 tons in September and October first two total up to 39.4 tonnes before falling back in November, while the data are not available December. (more…)

Reuters: Sectarianism will prolong instability in Iraq says Saudi Arabia

Posted: January 5, 2013 in Iraqi Dinar/Politics
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(Reuters) – Saudi Arabia on Saturday warned Iraq against sectarian extremism after two weeks of protests by Sunni Muslims against Baghdad’s Shi’ite-led government.

The street protests across Iraq’s Sunni heartland have strained the Arab state’s fragile political balance and renewed fears of intensified sectarian strife. (more…)

Economist: CBI increased gold reserves to support currency (IQD)

Posted: December 24, 2012 in Iraqi Dinar/Politics
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22/12/2012 12:34:00
BAGHDAD / Nina / attributed the economic expert in the Ministry of Finance Hilal Taan reasons the Central Bank of Iraq to redouble buy gold to enhance the cover of the local currency.

He said in a statement to the National Iraqi News / Nina / Today “It is necessary that the bank buys large quantities of gold to support the balance of the Iraqi currency, which consists of gold bullion and major foreign currencies كالدولار and the euro and the pound sterling.” (more…)

Economists: Robust, free market economy and strong industry will raise value of IQD

Posted: December 9, 2012 in Iraqi Dinar/Politics
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Strengthen national industries increase confidence in JD

Observers believe that the advancement of the value of the Iraqi dinar coupled by a free and robust economic through strengthening local industry and make it comparable industries developed world, noting that the country is an important investment environment but the local currency is the lowest value among other currencies in the region. (more…)

U.S. investors expect the rise in the value of the Iraqi dinar to $3

Posted: November 18, 2012 in Iraqi Dinar/Politics
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Saturday, November 17, 2012 11:12Translation / Baghdadiya News / .. Reuters reported that thousands of people in the United States still expect a surge in Iraqi dinar and who was described as one of the largest investment opportunities in the world.

He says one of speculators in Las Vegas that “the escalation of the Iraqi currency does not need to question, but Iraq when will restore raise the value of its currency, it will be the Iraqi dinar in the end a great value probably would be the highest in the world so that the dinar if rose a penny will be valuable profit 900 percent.” (more…)

Bloomberg: Iraq to Approve 2013 Budget of 138 Trillion Dinars This Month

Posted: October 5, 2012 in Iraqi Dinar/Politics
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Iraq’s government plans to adopt a 2013 federal budget of 138 trillion dinars ($118.5 billion) by the end of this month, according to Ali al-Allaq, general secretary of the cabinet.

Read more: http://www.bloomberg.com/news/2012-10-04/iraq-to-approve-2013-budget-of-138-trillion-dinars-this-month.html

Reuters: Iraq dinar is short-term disappointment, long-term bet

Posted: October 3, 2012 in Iraqi Dinar/Politics
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BAGHDAD, Oct 3 (Reuters) – Many Iraqis have lost faith in their dinar currency but to some foreign speculators, it promises big profits. The contrast underlines the uncertainties of investing in Iraq as the country recovers from years of war and economic sanctions.

Read more: http://reut.rs/QIaNLp

CBI eases restrictions on the sale of dollar

Posted: October 3, 2012 in Iraqi Dinar/Politics
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Officials said on Tuesday, the Central Bank of Iraq has eased restrictions on the sale of the dollar in a move likely to strengthen the Iraqi dinar.

CBI stressed in April, the rules that determine who can participate in the daily dollar auctions and quantity that can be purchased in an attempt to stabilize the dinar and prevent the diversion of U.S. currency illegally to neighboring countries lies under sanctions. (more…)

CBI: Iraq’s GDP to rise over 33% in the coming years

Posted: September 5, 2012 in Iraqi Dinar/Politics
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According to the Reuters news agency that is expected to grow GDP in Iraq by 33% over the next three years.

The agency reported in its publication and seen by / Baghdadiya News / word to the appearance of Mohammed Saleh, deputy governor of the central bank “that the annual rate of increase would be 10% over the next three years through increased oil revenues.” Adding “not for oil, in my opinion, the GDP will not exceed 4.5 percent, but the oil sector accounts for 60% of the Iraqi economy.” (more…)

Iraq sees annual 10 percent GDP growth over next 3 years: central bank

Posted: September 4, 2012 in Iraqi Dinar/Politics
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Monday, 03 September 2012

Iraq’s gross domestic product is expected to grow at an average rate of about 10 percent per year over the next three years, driven by increased oil revenues, a senior central bank official said on Monday.

The OPEC member has the world’s fourth-largest oil reserves and is producing more than 3 million barrels per day (bpd) for the first time in three decades. It has ambitions to double its oil production over the next three years. (more…)

Iraq’s willingness to negotiate to end the dispute over the oil law

Posted: August 31, 2012 in Iraqi Dinar/Politics
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BAGHDAD – Reuters
Said Iraqi Deputy Prime Minister, Rose Nuri Shaways, the Kurdistan semi-autonomous ready to resume talks with Baghdad to end their political differences, particularly on the oil law deferred for a long time, which would give regional authorities more influence in the management of energy resources. (more…)

Annual inflation in Iraq has reached 5.7 percent, CBI discussed re-evaluation of dinar as of last year

Posted: August 23, 2012 in Iraqi Dinar/Politics
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Tuesday, August 21, 2012

Annual inflation index rose in Iraq rose 5.7 percent after rising rents and the cost of living and services.

Said the spokesman of the Ministry of Planning and Development Cooperation of Iraq Abdul-Zahra al-Hindawi, said that «indicators annual inflation for the period of the month in July 2011 until the same month this year rose 5.7 percent for reasons of higher prices of goods and services, which include food, rent, transportation, communications, health and education» . (more…)

Reuters: 85 Farm and dozens of oil wells lost as a result of Iraq demarcation of the border with Kuwait

Posted: August 20, 2012 in Iraqi Dinar/Politics
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Reuters reported that farmers in the Iraqi town of Safwan border with Kuwait demanded the Iraqi government compensation for crops that could have been a result of the loss of land through Security Council resolution regarding the demarcation of the border between Iraq and Kuwait in May of 1993. (more…)

Reuters: Iraq helps Iran to evade sanctions

Posted: August 19, 2012 in Iraqi Dinar/Politics
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Translation / Baghdadiya News / .. Reuters reported, quoting the New York Times in its report that Iraq helps Iran to circumvent the economic sanctions imposed on it by its nuclear program, through the use of a network of financial institutions and oil smuggling operations to ensure that Tehran’s flow of hard currency, benefiting some Iraqi officials.

In some cases, some of the turns a blind eye to Iraqi officials trade with Iran while others benefit from these activities. (more…)

Efforts to bridge the gap between Maliki and Allawi

Posted: August 5, 2012 in Iraqi Dinar/Politics
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Posted 05/08/2012 08:20 AM

Babinaoz (Reuters) – make political personalities effort actively to achieve a meeting between Prime Minister Nuri al-Maliki, the Iraqi leader Iyad Allawi to resolve the dispute between the parties, according to uncover members of the House of Representatives. (more…)

Finance Committee approves supplementary budget for 2012, in principle

Posted: July 28, 2012 in Iraqi Dinar/Politics
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The Committee discussed the financial representative at its meeting chaired by MP Haider al-Abadi, and attendance of its members, advisers, paragraphs and articles of the law of the supplementary budget for 2012 in terms of legal, financial and technical. (more…)

Iraq House of Representatives reconvened today

Posted: July 26, 2012 in Iraqi Dinar/Politics
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Thursday July 26, 2012

(Reuters) – A source close to that of the Iraqi parliament was held, Thursday, its eighth of the first legislative term of the Year-third Legislature, headed by Speaker Osama Najafi and the presence of 235 deputies, with parliamentary source that the meeting will host the Minister of Water Resources on the Mosul Dam and vote on a number of laws most notably a proposed second amendment to the provincial election law, and first and second readings of four bills.
(more…)

Editorial: Iraq will be the most developed countries in the global oil economy

Posted: July 26, 2012 in Iraqi Dinar/Politics
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Posted 26/07/2012 10:35 AM

Babinaoz (Reuters) – said Academy specializes affairs of the oil that opening up the technological world is witnessing led to be the economics of oil and gas, the cornerstone of the growth processes of producing countries, stressing that this concept is to make the oil markets, the upper hand in the organization of economic policy for the various joints, advanced industrial countries, and with He sees that the current through which Iraq required more strategic planning, stressed the need to find a tool or a driving force for the advancement of economic destruction, saying that oil is the most prominent of those tools and the driving means toward economic transformation towards achieving progress in sustainable development rates in the country. (more…)

Iraq’s 2013 budget projected at $108 billion

Posted: July 25, 2012 in Iraqi Dinar/Politics
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Posted 25/07/2012 09:26 AM

Babinaoz (Reuters) – The Ministry of Planning planning budget for next year by $ 108 billion. The Minister of Planning Ali Shukri: “The Ministry has started the preparation of the planning budget for 2013 which will be worth the projected $ 108 billion.” And explained that “the balance of 2013 will focus on economic development projects and that would revive the Iraqi economy.” (more…)

Russia to become latest full member in the WTO

Posted: July 24, 2012 in Iraqi Dinar/Politics
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“Russia” will become a User 156 in the World Trade Organization

24-07-2012 01:29 PM
Russia officially notified the World Trade Organization on Monday, it ratified the Convention on its membership, which means it will become one hundred and fifty-six in the User Organization in August twenty-two.

The Russian economy is the largest economy still outside the organization, and the volume of the Russian $ 1.9 trillion economy is the ninth largest economy in the world. (more…)

Iraq burns $ 5 million a day

Posted: July 7, 2012 in Iraqi Dinar/Politics
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Posted 07/07/2012 08:36 AM

Babinaoz (Reuters) – beyond what is produced from associated gas from oil fields in southern Iraq billion cubic meters of which a third is investing a record amount. The loss of the country by the combustion of the gas of five million dollars a day.

He said the commercial director of Royal Dutch Shell Ali al-Janabi, what results from the three southern oil fields, including Rumaila and West Abu Zubair and the first phase, of about one billion and 100 million standard cubic meters. Aban al-Janabi and that it invests only 400 million standard cubic meters while burning 700 million meters without making use of it. (more…)

Commission announces postponement of provincial elections to April 2013

Posted: July 3, 2012 in Iraqi Dinar/Politics
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Posted 03/07/2012 07:58 AM

Babinaoz (Reuters) – announced that the Electoral Commission for elections, the postponement of provincial elections due early next year, 2013, to April next, carried in the presidency of the Council of Ministers and House of Representatives of responsibility. (more…)

Reuters: Tentative agreement between Iraq and Kuwait to get out of Chapter VII

Posted: July 1, 2012 in Iraq: Chapter VII, Top Headlines
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Posted 01/07/2012 08:38 AM

Babinaoz (Reuters) – The Iraqi government confirmed it had agreed in principle with Kuwait factors to achieve the withdrawal of Iraq from Chapter VII, confirming the presence of the Kuwaiti side to understand the need for the withdrawal of Iraq from Chapter VII.

(more…)

Former World Bank President warns developing countries of financial crisis

Posted: June 18, 2012 in Iraqi Dinar/Politics
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06/18/2012 0:00

LONDON (Reuters) -
Former President of the World Bank Robert Zoellick said in an interview published on the Internet that developing countries should prepare for the global financial crisis severely if you can not the euro area to address the current problems. (more…)

UN: Crisis of the euro area a major threat to global economy

Posted: June 9, 2012 in Iraqi Dinar/Politics
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09/06/2012 0:00

BAGHDAD (Reuters) -
United Nations revealed in a report released from the debt crisis of the euro area is the biggest threat to the global economy and aggravation could lead to the deterioration of global growth.

(more…)

Iraq List declares its readiness to provide al-Hashemi on trial for implementation of the Arbil

Posted: May 14, 2012 in Iraqi Dinar/Politics, Top Headlines
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Posted 14/05/2012 09:11 AM

Babinaoz (Reuters) – revealed the Iraqi List, Monday, the willingness to provide the Vice-President of the Republic of Iraq, accused of “terrorism,” Tareq al-Hashemi, to appear before the Iraqi judiciary, for the implementation of the leader of a coalition of state law, Prime Minister Nuri al-Maliki, all the terms of Arbil. (more…)

CNBC/Reuters: Leading Iraqi lawmakers threaten vote of no confidence

Posted: May 5, 2012 in Iraqi Dinar/Politics
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BAGHDAD (Reuters) – Four of the most senior political leaders in Iraq’s fragile coalition have threatened to bring a vote of no confidence in the government unless “autocratic decision-making” stops, a letter published in a state newspaper on Saturday said.

Iraq’s Shi’ite, Sunni and Kurd coalition began to creak in December, after U.S. troops left, when the government tried to remove Sunni Deputy Prime Minister Saleh al-Mutlaq and issued an arrest warrant for Sunni Vice President Tareq al-Hashemi.

Member of Finance Committee: Iraqi dinar is being subjected to an international war in order to weaken

Posted: May 5, 2012 in Iraqi Dinar/Politics
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Saturday 5 May 2012

(Reuters) – Member of Finance Committee warned the National Alliance MP Abdul-Hussein al-Yasiri the exposure of the Iraqi dinar for international war to weaken it, pointing to the importance of a plan by the Central Bank to combat speculators on the dollar and reduce its value. (more…)

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