Archive for October, 2013

10/24/2013 12:00 AM

varied views of specialists in economic affairs around the central bank’s decision excluding 12 out of 32 banks waged from the auction currency for not achieving increased their capital to 250 billion dinars within the period set by the Bank For those banks, regarding an economist believes that this decision will impact on the reputation of banks, both domestic and external.


Thursday, 24 October 1 / Okrudolf 2013 15:44

Lifting of the House of Representatives its usual to next Monday.

A parliamentary source told all of Iraq [where] on Thursday that “the Council lifted its to next Monday.” (more…)

Screen Shot 2013-01-25 at 9.22.52 AMSuri calls to strengthen the Iraqi dinar and turn it into a currency is possible to deal internationally

October 22, 2013

Called banking expert Majid picture, today, to strengthen the Iraqi dinar and turn it into a currency is possible to deal at the international level, not just local.

He said the picture: that local الضروف and international inappropriate disengagement of the Iraqi dinar to the U.S. dollar, ruling out the success of the disengagement of the Iraqi dinar to the dollar being tied to the global system and the development of local industries and agriculture, then the right conditions will be available disengagement dinar to the dollar. (more…)

Cabinet decided to authorize the Minister of Finance and the Governor of the Central Bank of negotiations for the settlement of the Jordanian and Egyptian debt on Iraq, while commissioned the Ministry of Higher Education and Scientific Research to expand acceptance in the medical colleges Group.

A statement issued by the Council of Ministers received {Euphrates} a copy of “The Council held its forty-fourth regular in Baghdad today under the chairmanship of President Nouri al-Maliki decide where mandated the Ministry of Higher Education and Scientific Research to expand admission to colleges Medical Group of the provinces are able to increase the classroom to accept the owners of the high rates and up to five hundred students with the ability to take advantage of the laboratory after Hours Morning and disbursement of allowances for staff or faculty who take run labs. ” (more…)

Priorities for the transition to a market economy

10/23/2013 12:00 AM

warned an economist that the economic reality and the existing social in Iraq requires a bigger role for the state without confined to the general budget, but stressed the need not to overlook the role of the private sector in this activity, calling for the need to lay the foundations of modern economic order to ensure investment full resources and diversifying its sources and encouraging the private The development of the private. (more…)

10/23/2013 12:00 AM

He said that the budget is part of the five-year plan and not vice versa

Saw Mokhtassan in the economic necessity of making fiscal policy and a clear long-term in order to achieve the goals set for the budgets of the country’s public and take measures hedging to reduce the impact of fluctuations in oil prices on the budget with a supplier sole stressing in the same time, the importance of diversifying their resources from other productive sectors is oil. (more…)

Economy: the need to overcome differences between Arbil and Baghdad regarding oil prior to the approval of the federal budget

22-10-2013 10:37 AM
Baghdad (newsletter). Member of the Committee for economy and investment Deputy//ÚÈÏ çáúèçó sheyaa, the importance of overcoming all the differences between the Governments of the region and the Centre for oil in next year’s budget, noting that committees formed between Arbil and Baghdad failed for solutions to end the disputes. (more…)

10/23/2013 12:00 AM

BAGHDAD – morning
counting parliamentary Investment Law No. 13 of 2013 and its amendments Palmrn to its potential in facilitating investments, but did not reach the standard format to attract.

said a member of the Economic Commission parliamentary deputy Abdul-Abbas Xiaa: The legislation window to اتلبي ambitious investor in some joints. pointing out that Amendment expected the investment law will be issued to contain loopholes that confuse reality venture. (more…)

Smart answer: open branches of Iraqi banks abroad will boost the economy and investment

21-10-2013 12:50 PM
Baghdad (newsletter). She is a member of the Finance Committee, a Deputy from the Kurdistan Alliance//smart Najeeb, Iraqi banks to open branches in the world, saying that such a step would open the field of investment and banking transactions in other States.

Najib said (News Agency): the Iraqi banking system continued to improve, and that opening of branches of banks in foreign countries will serve the sector and expanding investment opportunities, inviting private banks to open branches to support and strengthen its supplier. (more…)

Financial: the Central Bank is required to develop a plan to improve the work of local banks

21-10-2013 11:30 AM
Baghdad (newsletter). The parliamentary Finance Committee, called the Iraqi Central Bank to a strategic plan for the development of the work of the local banks, according to the evolution of global banks, in order to contribute to the support and development of the national economy.

The Vice-Chairman of the Committee, said attorney Ahmed Faizullah (News Agency): existing banks in the developed countries and even advanced began with modern high technology, so its automatically instead of handmade, which is still followed in some local banks. (more…)

Allawi And Barzani And Najafi In Washington By Al-Maliki
On October 21, 2013

BAGHDAD / News Network Iraq – visiting head of the coalition in Iraq, Iyad Allawi, Washington, DC, in response to a formal invitation to him, to discuss the situation in Iraq and the region. According to a source familiar with the “Allawi is visiting Washington in response to an official invitation addressed to him from U.S. Vice President Joseph Biden to discuss the situation in Iraq and the region . (more…)

Allawi “is visiting America for treatment of an old knee injury”?!

Expressed close to the Iraqi leader surprised at the statements that addressed some of the media for that Ayad Allawi’s visit to Washington, an official came to meet the U.S. government’s invitation.

Indicating that Allawi, currently lying in a U.S. hospital for treatment of an old knee injury. (more…)


BSA announced federal, Sunday, announced its participation conference “INTOSAI” which will be held in China for the development of censorship, saying the conference is an opportunity to exchange experiences, opinions, and discuss important technical issues.

A press release said the bureau, received “Alsumaria News” a copy of it, that “the Chief of Staff Abdul Basit Turki headed a delegation to participate INTOSAI conference in China for the period from 19 to 27 October this.” (more…)

\10/21/2013 19:41
Tomorrow Press / Baghdad: The Committee considered the House Financial, on Monday, that the reality of government banks is not suitable for the development of the financial and economic, stressing that the restructuring of those banks was launched five years ago has not been implemented properly.


59624c79cf4b8e4779fc1993fd87b008Economists: cannot unlink dollar from Iraqi dinar


Despite the White House end the Government shutdown crisis of America there is another crisis threatening the US economy is the US government debt ceiling height to record levels reached 10 trillion dollars, an amount much difficult in the absence of indicators of recovery of the US economy, threaten new economic crises threatening the dollar. (more…)

20-10-2013 12:34 PM
Attributed a member of the Committee on the economy and investment MP / Kurdistan Alliance / Jassim, cause of the low rate of inflation in Iraq, to the success of central bank policy and the stability of the currency.

was likely in a statement: low rate of inflation, poverty and unemployment in the coming period significantly , due to the economic recovery experienced by the country’s high budget next year. (more…)


Called on the Finance Committee in the House of Representatives, the Iraqi banks to activate some modern banking services, such as the settlement of financial transactions through mobile phones, or credit cards, so as to reduce the handling of paper currency. (more…)

20-10-2013 06:51 AM
Baghdad (newsletter). The President of the economic information center predicted Dergham Mohamed Ali, the Iraqi economy was affected by the debt crisis, which will lead to lower oil prices in the world oil market.

He Mehmet Ali (News Agency): to increase the debt of America would not lead directly to the recession, but Government closure effect in one form or another on the income of the employees who received the compulsory leave without pay, lack of movement and sell to retail what born near recession in the US economy. (more…)

Screen Shot 2013-10-20 at 1.41.28 PM

Previous meeting between Obama and Maliki

06:41 PM

Prime Minister Nuri al-Maliki beginning of the twenty-ninth of the month visit to the United States in response to an official invitation from U.S. Vice President Joe Biden.

The Information Office of the Prime Minister in a press statement: “The al-Maliki will be held during the visit, meetings with U.S. President Barack Obama and Vice President Joe Biden and senior officials in the United States, focused on ways to strengthen the ties of friendship and partnership in the light of the strategic framework agreement between the two countries.”

And added: “It is scheduled to address the talks are also ongoing developments in the region, particularly the Syrian crisis, and the prospects of cooperation between the two sides to install regional security and stability.”

also will deliver Prime Minister Nuri al-Maliki, a lecture on the situation in Iraq and the region in one of the U.S. research centers.

Center calls for economic disengagement of the Iraqi dinar to the dollar
Date Posted: 2:39 pm, October 19, 2013

BAGHDAD (Independent) .. Economic Information Center called for Iraq to move from the dollar area and linking the Iraqi dinar more stable currencies.

The head of the center Dergham Mohammed Ali said in a statement today, “despite the announcement the White House, the end of the crisis, shutdown the government the U.S. but there is another crisis threatening the U.S. economy is the high ceiling of the government’s debt the U.S. to record levels reached 17 trillion dollars, a large sum difficult to deal with in light of the lack of indicators for the recovery of the U.S. economy, which is Mihdd new economic crises threaten the dollar zone. ” (more…)

Member of the Finance Committee: the Central Bank use the increase in the cash reserve to support the dinar exchange rate

19-10-2013 12:56 PM

Baghdad (newsletter). Student member of the Finance Committee, a Deputy from the Kurdistan blocs Coalition//Jimmy is able to exploit the increase in the cash reserve of hard currency to support the Iraqi dinar exchange rate against the US dollar. (more…)

Parliamentary Research Service: Total Iraq’s foreign debt of $ 39 billion

BAGHDAD – Iraq Press – 19 October / October:

A report issued by the research department of the Council of Representatives of Iraq, seen by / Presse Iraq /, that “Iraq’s foreign debt until 31/12/2012 have been classified into four categories, the Paris Club debt, and countries outside the Paris Club and commercial creditors, and debts of the Gulf Cooperation Council, totaling more than $ 39 billion, distributed as follows:

1 – debt to Paris Club countries and the 18 countries and reach more than nine billion and $ 444 million in reduced its debt by 80% except for the United States and Denmark, which Khvdta debts increased by 100% as well as Russia, which has reduced its debt by 92%, and was rescheduling the remaining of 20% . (more…)

10/19/2013 – 11:25

Central Bank of Iraq, on Saturday, on his quest to find a balanced ratio of gold with hard currency reserves, considering that whenever the reserve size increases less than the contribution of other components.

The governor of the central bank and agency Abdul Basit Abdul Samad said in an interview for “Alsumaria News”, “The Bank seeks to balanced ratio of gold compared to reserves of hard currency from the currency,” noting that “the high bank reserves of hard currency leads to low gold and we are working to increase procurement to maintain a balanced ratio of gold. ” (more…)

SofaTo read the Strategic Framework Agreement in its entirety following click on this LINK


Prime Minister Nuri al-Maliki, on Thursday, said the aim of his visit, which planned to be made to the United States early next month is to discuss the strategic framework agreement, confirming the presence of a desire to activate this agreement from both sides.

Maliki said in an interview for a number of media, including “Alsumaria News”, on the sidelines of attending the ceremonial marriage collectively adopted the “promise” in the city of Karbala, said that “the main axis of the planned visit to Washington is to discuss bilateral relations, especially the strategic framework agreement between the two countries” .


Screen Shot 2013-02-02 at 11.40.31 AM10/18/2013
Financial expert: the power of the national currency is the existence of political and economic stability in the country

attributed the financial affairs expert Thamer Jassim Al-Ali, the reasons for rejection of the neighboring countries to deal dinars to the absence of political and economic stability and security in the country, making their confidence is weak. (more…)

Thursday, 17 October 2013 11:59

Baghdad (AIN) –MP, Mohammed al-Sayhoud, of the State of Law Coalition described discussing replacing the President, Jalal Talabani, at the current time as “Complicated.” (more…)

Friday, 18 October 2013 08:30
Baghdad (AIN) –The Deputy Prime Minister for Energy Affairs, Hussein al-Shahristani, assured that “Iraq is working to increase its oil production and will be the main provider of crude oil in the world.”

A statement by Shahristani’s office cited “The Deputy PM for Energy Affairs participated in the 22nd International Energy Conference which was held in Daigo city in South Korea.” (more…)

18-10-2013 05:44 PM
Baghdad (news) .. According to the UN mission in Iraq ‘UNAMI’, that 6 million Iraqis are still living below the poverty line of about 33 million people in the country beyond the budget of Finance’s annual $ 100 billion. (more…)

Najafi, Biden discuss Iraq’s security and holding the elections on time

Search House Speaker Osama Najafi in a telephone conversation with U.S. Vice President Joseph Biden, the situation in Iraq and the region. (more…)

Wednesday, October 16 1 / Okrudolf 2013

Deputy Prime Minister for Energy Hussain al-Shahristani said the Iraqi government is currently working on promoting free-market policy through the creation of new economic legislation suited to the global economic openness and that would encourage foreign investment, both direct and indirect. (more…)