30/10/2012
BAGHDAD / JD / .. A report adopted by the views of Executive thousand works in foreign investment that Iraq is more dangerous to invest Greece experiencing the worst financial crisis in the history of Europe. (more…)
08/01/2012 0:00
suggested an economist Majid picture, developing a plan for sustainable development for all sectors of the economy to provide jobs for the unemployed and reduce the poverty rate, indicating that the proposal to establish a private bank for the poor alone Aigll of poverty rates.
said Suri: The idea of establishing a specialized bank for the poor worked by all countries of the world, especially that are suffering from an economic crisis such as Spain and Greece, the distribution of financial aid and food supplies and is not his task distribution of loans and advances to no avail. (more…)
17-07-2012 10:57 AM
Are free – Reduction of the International Monetary Fund on Monday, July sixteen forecast growth rates on the global economy next year from 4.1% to 3.9% in light of the ongoing debt crisis in Europe that showed their negative impact on the growth of China and India. (more…)
Even after making the Swiss franc the most over-valued major currency, traders are betting on more strength as the European Union’s sovereign-debt crisis begins to infect bigger economies.
The franc rose to a record today against the dollar, euro and pound as bond yields in Italy and Spain surged to euro- lifetime highs. The cost to hedge a drop in the euro versus the franc climbed to the most since January 2009, signaling concern the EU may fail to contain a crisis that has already forced Greece, Portugal and Ireland to seek financial bailouts.
ARBIL / Aswat al-Iraq: An economic conference began on Monday in Arbil with the participation of several companies from Spain, Iraq and Kurdistan to boost economic relations between them.
Around 50 Spanish companies working in roads, energy, environment, infrastructure, agriculture and construction take part in the three-day conference, in addition to more than 120 businessmen and representatives of companies in Kurdistan region and Iraq.
“Spain’s trade volume in 2010 reached 77.7 billion euro, including one million euro with Iraq,” director of Spanish Institute for Foreign Trade ICEX told Aswat al-Iraq news agency.
“The trade volume with Iraq is not enough compared with previous years despite it went up by 50%,” he explained.
http://en.aswataliraq.info/Default1.aspx?page=article_page&id=141922&l=1
The euro fell to the lowest level in a week against the dollar yesterday after Moody’s Investors Service lowered Spain’s credit rating, increasing pressure on EU leaders to find a solution to the region’s debt crisis.
Europe’s common currency has lost 1.5 percent against the dollar since climbing to a four-month high on Monday. Spanish debt was downgraded to Aa2 by Moody’s, which also cut Greece’s ranking this week.
The pound fell against the greenback ahead of yesterday’s interest rate decision by the Bank of England (BoE). The dollar rose on prospects jobs data will signal a continued recovery in the US economy. The Swiss franc and the yen gained as violence escalated in Libya.
The euro highest level in two months against the dollar on Friday thanks to a steady wave of buying by speculators and sovereign funds.
As the single European currency rose to its highest level in five weeks against the yen of 112.22 Japanese yen, 0.2 percent higher during the day Friday.
Greece has become the world’s riskiest borrower in the fourth quarter of 2010, surpassing Venezuela, while Spain, Portugal and Ireland were riskier than Iraq, according to data compiled by CMA, a provider of data on pricing of Credit Default Swaps (CDS).
The four euro zone countries, dubbed PIGS by economists, have been engulfed in a debt crisis sparked by fears early last year that Greece’s bulging public debt means the country will have to restructure or default on its debt at some point.
