- POSTED ON 16/06/2013
Since the change of the former regime in 2003 Iraq adopted a market economy which is reflected in international economic relations and make it focus on the role of the private sector in development, and confirmed the Constitution
The liberalization of financial flows contribute to economic growth, but it requires tighter control on the phenomenon of money laundering because of the inclusion of economic freedom financial and banking sector. (more…)
Published on Saturday, April 27 / April 2013 10:11
expressed the Islamic Development Bank (IDB) Saudi Arabia’s willingness to provide funding and technical support to a project that aims to make Iraq a strategic corridor for trade with neighboring countries, including Saudi Arabia.
According to the Kuwaiti newspaper Al-Nahar in its Saturday edition, the Minister of Construction and Housing, Mohammed al Darraji reached with the Islamic Development Bank (IDB) Saudi Arabia to common understandings about the project. (more…)
Experts and lawmakers: mafia banks control the dinar exchange rate against the dollar and the Central Bank ignored them
21-04-2013 12:36 PM
Baghdad (News)/report/bahtik/… As the Iraqi dinar exchange rate against the US dollar decreased significantly during the past period, raised many questions about the reasons for this decline, although issuance of new measures by the Central Bank on selling hard currency which I consider by some as supportive of Iraqi dinars. (more…)
Last Updated: Sunday, April 07, 2013 05:00:00
Vietnam’s government will need to accelerate economic structural reforms to boost growth that was at a 13-year low last year, National Assembly Vice Chairwoman Nguyen Thi Kim Ngan said.
“The economy will continue to face difficulties this year” amid an international slowdown and domestic challenges, Ngan said yesterday at a conference held by the National Assembly’s economic committee in the southern city of Nha Trang.
(more…)
Sihail, World Bank’s delegation discuss restructuring Iraqi banks, CBI
Sunday, 24 March 2013 16:40 | | |
Baghdad (AIN) -The First Deputy Speaker of the Iraqi parliament, Qusai al-Sihail, discussed with the delegation of the World Bank, the restructuring of the Iraqi banks and the Central Bank of Iraq. (more…)
20-03-2013 11:02 AM
Baghdad (newsletter). Download the Finance Committee member of iraqiya MP Hassan Al-aozmn Al-Bayati, the Central Bank is responsible for the failure of the domestic banking sector developments in global banks, lack of seriousness in the legislation for banks. (more…)
Posted on Monday, March 11 / March 2013 17:48
BAGHDAD / obelisk: World Bank called for the Iraqi government, on Monday, to redouble their efforts for the development of the banking sector and regulations in the financial trading of Iraq, as a prelude to mobilize all sectors of the economy and investment.
The expert said the oldest in the affairs of private sector development at the World Bank Stephen ريمير, who is visiting Iraq at the head of a delegation from the Bank experts, for “obelisk”, “The World Bank provided advice and assistance and advice to Iraqi banks and working on plans developed and are waiting to reach officials from that to real serious steps, “noting that” the World Bank touching a genuine desire on the Iraqi side to develop its accounting and banking systems”. (more…)
Sunday, 10 March 2013 10:19
Baghdad (AIN) –The Planning Minister, Ali al-Shikri, stated that Iraq will be one of the Donor Countries where it donates to Palestine, Somalia and Comoros.
He stated to All Iraq News Agency (AIN) “Iraq is not receiving ant donations from the International Organizations anymore,” noting that “Most of the executed projects by the International Organizations in Iraq are shared with Iraq and properly Iraq will be one of the Donor Countries in the next few years.” (more…)
Date: Sunday 03/03/2013 07:35 pm
Hours before the deadline to vote on the state budget for 2013 in the House of Representatives there are no definitive figures of what will be the budget, which is said to have the largest budget in the history of Iraq.
Figure announced by the Council of Ministers when approved budget on 23 October last year before 4 months and 14 days was 138 trillion dinars, equivalent to more than 118 billion dollars and over the past months conducted parliamentary committees and negotiations between the political blocs several amendments to the budget figures but has yet to reach a final formula for approval amid popular Discontent of damage to the citizens due to the delay of the budget. (more…)
The Ministry of Planning organized a workshop in collaboration with the World Bank
Organized by the Ministry of Planning in cooperation with the World Bank, on Sunday, 3/3/2013, in Arbil, and a workshop on public contracts, in the presence of Ali Sindi and planning minister in the Kurdistan Regional Government, and a delegation from the World Bank headed by Yolande Tyler responsible public contracts in the Middle East and North Africa. (more…)
Saturday, March 02, 2013 08:43 GMT
announced the Ministry of Planning and Development Cooperation, Saturday, that Iraq would be a donor to other countries during the current year 2013, while confirming that the World Bank would be for Iraq after this year Bank of knowledge provides technical advice and expertise.
said Planning Minister Ali Shukri in an interview for ” Alsumaria News “,” The Iraqi government was one of the largest donors to the world before 1990, but the circumstances experienced by Iraq after this period became receives aid and grants from others. ” (more…)
28-02-2013
Deputy Chairman of the Finance Committee of the Kurdistan blocs Coalition MP Ahmad Faizullah, the Central Bank talks with international banks to operate in Iraq as it would facilitate the process of foreign currency transfers and develop the banking sector.
He said Faizullah (News Agency): global banks have sophisticated banking experience upon entering the Iraqi banking sector will support the environment through the use of technological expertise, in addition to those banks also benefit from Iraq which have mutual interests. (more…)
The latest daily currency auction was held in the Central Bank of Iraq on the 28-Feb-2013. The results were as follows:
| DETAILS | NOTES |
| Number of banks | 15 |
| Auction price selling dinar / US$ | 1166 |
| Auction price buying dinar / US$ | —– |
| Amount sold at auction price (US$) | 101,102,000 |
| Amount purchased at Auction price (US$) | —– |
| Total offers for buying (US$) | 101,102,000 |
| Total offers for selling (US$) | —– |
Sunday 24 February 2013
Minister of Planning and Development Cooperation Ali Shukri said Iraq and the World Bank will sign during a period of close partnership agreement between the two sides, noting that the agreement will oblige Iraq determine the price of oil was in the budget. (more…)
24/02/2013 (23:00 pm)
World Bank: expense of budgets Iraq, far less than the observed
Revealed the World Bank, on Sunday, that the volume of expenditure of Iraqi budgets far less than the observed where money, and expressed his fear of the danger of adopting the Iraqi budget for oil fully and guesses prices high, and between that any decline in the price of the world’s oil will cause problems large to Iraq, in when confirmed by the Ministry of Planning said that there is no alternative for Iraq but to rely on oil. (more…)
Date: Sunday 24/02/2013 08:42 pm
Revealed the World Bank, Sunday, that the volume of spending of Iraqi budgets far less than the observed where money, and expressed his fear of the danger of adopting the Iraqi budget for oil fully and guesses prices high, as revealed the Ministry of Planning, the «subject» Iraq for many «blackmail» Finance after 2003, said the World Bank representative in Iraq Maria Helen in a joint conference with the Minister Alkhtit Iraqi Ali Shukri in the ministry building and attended (range Press), said that «the budget preparation on the price of a barrel of oil set at $ 90 without a maneuver could lead to a shock for Iraq», pointing out that «any drop in the global price of oil could lead to balancing the country to big problems. (more…)
Inaugurated the US Embassy in Baghdad through the US Agency for International Development (USAID) and in cooperation with the Iraqi government and private sector representatives, the second phase of the project solutions Iraqi administrative reform and regulatory {} insistence on Nahrain University. (more…)
13/2/2013 10:15:00
Raised Faouri, Director General of the Arab Organization for Administrative Development
Participates CBI in the conference (leadership in times of disaster and crisis) which is organized by the Arab Organization for Administrative Development in collaboration with the Manchester College of Business Administration University of Manchester and sponsored by the secretary-general of the Arab League Nabil Elaraby for the period from February 17 to 18, 2013 with the participation of delegations from the (Iraq – Egypt – Libya – Saudi Arabia – United Arab Emirates – Algeria – Sudan – Bahrain – Palestine – Kuwait – Tunisia) in addition to the World Bank and the Regional Centre for Disaster Risk Reduction. (more…)
09/02/2013
By Takema Sakamoto
Based on its rich natural resources and huge market potential, Iraq’s economic prospects seem promising.
Its population, currently 32 million, is forecasted to increase by over 3 percent annually, which will create a larger number of future consumers. Its gross national income (GNI) per capita, currently $2,640, is estimated to grow by around 10 percent per year on average. Spending power is expected to grow rapidly. (more…)
Ali Abdullah -03/02/2013
The Economist called Jalil Al-Rubaie, the need to take advantage of the decisions and recommendations issued by the International Monetary Fund for investment in Iraq to develop the investment process and advancement.
Al-Rubaie said in a press statement that the report issued by the World Bank put Iraq in the ranks last among States in the area of investment and select a number of obstacles that hinder the investment process in the country. (more…)
Date: Thu 01/17/2013 03:00 pm
D. Kamal Basri
Dean of the Iraqi Institute for Economic Reform
Iraqi economy in the world’s fastest-growing
Issued by the Bank of America Merrill Lynch (BAML) in the United States report shows that Iraq will Achieve the highest growth rate for the years 2012-2013 in the world, data showed Wall Street bank (Wall Street bank’s data) that Iraq will achieve the highest growth rate in GDP (GDP) for 2012, which amounts to 10.5%, and China ranked second at 7.7% and the top ten economies in the world will not exceed its estimated growth rate of 5.5% for the same year. (more…)
21/01/2013 12:00 am
Urged the need to develop the energy sector in the country
urged economists on the importance that exploits the country of human potential in order to increase rates of sustainable development in Iraq, pointing to the existence of a number of obstacles facing the economic process in general, led a whole to decline rates of development, and caused low GDP, and while experts stressed the need to exploit the wealth large enjoyed by Iraq optimally, criticized economic thinker Dr. Mehdi Hafedh dominance of the public sector on the economic movement in the country, describing the measures to boost rates of sustainable development in Iraq (b minor). (more…)
Announced and the Iraqi Ministry of Planning, Tuesday, they began to implement a survey of poor areas in collaboration with the United Nations and the World Bank is the first of its kind in Iraq and the region.
Indicating that the aim is to provide services to the residents of those spokesman, while confirming the direct build free housing for slum dwellers. (more…)
Iraq, January 2, 2013
The Oil Ministry of Iraq on Friday (28th December, 2012), that Iraq is not accepted as a permanent member of Global Transparency Initiative Organization, confirming the fact that Iraq is considered to be the largest oil country amongst the members. (more…)
01/01/2013 6:50 pm
Economic parliamentary: World Bank loans can be invested to develop the country
announced parliamentary Finance Tuesday, pay deficit remaining in the 2012 budget amounting to nearly trillion dinars through surplus selling price of crude oil, indicating the existence of financial allocations rounded to the current year budget of 2013, in time explained the Alaqsadah parliamentary that the loans provided by the World Bank include great facilities that can be used to provide the maximum amount of services and the development of the economy in the country. (more…)
