IRAQI DINAR POLITICS & ECONOMY

According to government data: the size of the budget deficit in 2014 to reach more than [60] billion dollars

Statistics for [where] According to government data: the size of the budget deficit in 2014 to reach more than [60] billion dollars

Friday, 20  December 2013 09:31

Report: Ammar al-Masoudi

[Baghdad – where]

A statistic conducted by all of Iraq [where] on the basis of data and government figures for the fiscal deficit in the current budget year, the state for the year 2014 exceed [62] billion dollars.

According to what declared by the Iraqi Oil Ministry a month of data on the size of crude oil exports and fiscal revenue only shows that Read more…

The rate of oil production will exceed the 4 million barrels during the year 2014

Oil parliamentary committee: the rate of oil production will exceed the 4 million barrels during the year 2014

20-12-2013 11:32 AM

Baghdad (news) .. I expected the oil and energy parliamentary exceeded the rate of oil production of more than 4 million barrels over the next year, while the increase of exports to more than 3 million barrels of oil. said the Commission’s decision MP Mohammad Qasim (of the Agency news): The oil ministry has plans ambitious to increase the rates of production and Read more…

Iraq improved its rank in World Bank’s Doing Business report of 2013

Iraq improved its rank in World Bank’s Doing Business report of 2013

18 Dec 2013

Overall Rank of 151

For the last few years World Bank is publishing its Doing Business report on laws rules, and taxes that regulate business around the globe. So far, Iraq has done poor performances as per those reports. Previously the country was regulated by the autocratic dictator Saddam Hussein. The socialist state-run economy of Iraq was not up to the mark to attract the investors within the country.

Later comes the saga of wars and sanctions within the country for a Read more…

IMF: positive economic developments and economic growth acceleration witnessed Iraqi

IMF: positive economic developments and economic growth acceleration witnessed Iraqi

12.19.2013 (0:01 pm)

 Baghdad / Bassam Abdul-Razzaq al-Zahra and Hamid

A report prepared by experts at the International Monetary Fund Article IV Consultation with Iraq in 2013, which took place in the first quarter of the year 2013 in Amman, Jordan, that “in spite of the circumstance of the Iraqi difficult, the economic developments generally Read more…

Zebari Karzai: Do not be fooled by illusions, and signed an agreement retain the Americans

Zebari Karzai: Do not be fooled by illusions, and signed an agreement retain the Americans

12.19.2013 (0:01 pm)

Translation term 

Years ago does not have an Iraqi official visit to Afghanistan. Today, in one of the most important chapters of the history of Afghanistan President Hamid Karzai met with Iraqi Foreign Minister Hoshyar Zebari. Zebari told the Afghan president said his government has been unable even to protect the capital Baghdad after the withdrawal of U.S. troops in 2011. The aim of the trip Zebari Read more…

Parliamentary economics warns of “significant risks” to the economy by relying on Iraq’s oil resources

A member of the parliamentary economics warns of “significant risks” to the economy by relying on Iraq’s oil resources

Thursday, 19  December 2013 08:35

[Baghdad – where]

A member of the Committee on the economy and investment representative Ibrahim stirrup “The committee is seeking that there will be a diversified economy substitute for oil due to the presence of a significant risk to the Iraqi economy.”

The Ministry of Planning suggested in 29 of last September’s economic growth fell to 8.2%, or about 2.3% from the rate recorded Read more…

Economist describes the decision to apply tariffs on certain materials as “wrong”

Economist describes the decision to apply tariffs on certain materials as “wrong”

19-12-2013 10:20 AM

Baghdad (news) .. Description economic expert Abdul Hassan al-Shammari, the government’s decision to apply the Tariff Act on the material luxury only Balkhati will benefit the Iraqi economy. said Shammari (of the Agency news): It’s what the feasibility of applying tariffs on certain materials and the exclusion of industrial materials and goods produced within the country, noting The purpose of the tariff is to Read more…

Parliamentary seat price will rise to half a million dollars in the next election

Wael Abdul Latif: parliamentary seat price will rise to half a million dollars in the next election

19-12-2013 01:08 PM

Baghdad (news) .. Warned former MP Wael Abdul Latif, from the pursuit of some businessmen and traders to buy the parliamentary seats, warning that the price of a parliamentary seat will rise to half a million dollars in the next election. said Abdul Latif (of the Agency news): The businessmen and traders who do not have any projects or electoral programs and is known to the Iraqi street will begin buying parliamentary seats in the next session of Read more…

The budget in 2014 amounted to 194 trillion dinars and a deficit of 35 trillion inflation of 3%

Economic parliamentary: the budget in 2014 amounted to 194 trillion dinars and a deficit of 35 trillion inflation of 3%

12/18/2013 14:10

Tomorrow’s Press / Baghdad: Economic Commission announced in the House of Representatives, Wednesday, that the next year’s budget in 2014 amounted to 194 trillion dinars and a deficit of 35 trillion dinars and 3% inflation and 19% poverty rate, loaded with the government responsible for the late arrival of the budget to Parliament. Read more…

Araji, demanding an end to disagreements over oil between the governments in Baghdad and Kurdistan

Araji, demanding an end to disagreements over oil between the governments in Baghdad and Kurdistan

18/12/2013 14:54

Baghdad – and babysit – student head of the Liberal parliamentary Bahaa al-Araji, the two governments and the federal government to end the crisis, the Kurdistan oil and according to the constitution.
They said in a statement received news agency public opinion (and babysit) a copy of it, on Wednesday, do not want this problem to be a reason to delay the adoption of the general budget for 2014, which is the source of Read more…

Vice Kurdistan: the postponement of the elections exceeded the constitution is not possible to obtain

Vice Kurdistan: the postponement of the elections exceeded the constitution is not possible to obtain

18-12-2013 01:06 PM

Baghdad (news) .. Counting the Kurdistan Alliance MP Jasim Hussein to postpone parliamentary elections to waive the Constitution, ruling postponed from a scheduled. Hussein said (of the Agency news): The postponement of the elections from a scheduled April 30, 2013 is not possible, because that is exceeded and clear on the constitution. He added that many of the threats issued by multiple blocks not to participate in the elections in the absence of the application of electronic card, and another Read more…

Shahristani denied: not acknowledged the legitimacy of the Kurdistan oil contracts

Shahristani denied: not acknowledged the legitimacy of the Kurdistan oil contracts.

Posted 17/12/2013 12:55 PM

Babinaoz / Agencies: denied Deputy Prime Minister for Energy Hussain al-Shahristani, on Tuesday, a news story reported by a Turkish newspaper indicated that the latter acknowledged the legitimacy of the oil contracts signed between the Kurdistan Region and foreign companies.

The Energy Department said Turkey, on Tuesday, Read more…

Finance Committee: the application of tariffs on luxury materials will not affect the citizen

Member of the Finance Committee: the application of tariffs on luxury materials will not affect the citizen

17-12-2013 09:25 AM

Baghdad (news) .. A member of the Finance Committee MP / National Alliance / Abdul Hussein al-Yasiri, the decision to apply tariffs on articles of luxury early next year with ‘right’, stressing that he will not affect the citizen being considered materials is essential. Yasiri said (of the Agency news): The committee representative had previously put forward to the government’s proposal to apply the Tariff Act in Read more…

Khalidi is likely to postpone the next parliamentary elections because of the late arrival of the budget

Khalidi is likely to postpone the next parliamentary elections because of the late arrival of the budget

12/16/2013 13:43

Baghdad – and babysit – favored the decision of Parliament Muhammad Khalidi, Monday, to postpone parliamentary elections scheduled to be held on 30 / next April because of the late arrival of the budget from the government to parliament
Khalidi said in a press conference held in the House of Representatives and was attended by the correspondent of the news agency public opinion (and babysit), “The Cabinet has not Read more…

Expected to increase business expenses to 102.7 trillion dinars

Expected to increase business expenses to 102.7 trillion dinars

12/16/2013 0:00

Report calls for the strengthening of the national output to confront
Baghdad – Mostafa Hashemi – Farah pumice
economist said the appearance of Dr. Mohammed Saleh, said that the volume of trade to Iraq with the world amounted to about 73 billion dollars, including imports of government, while the import of services was estimated at 20 billion dollars as services provided to Read more…

Zebari up to Kuwait at the head of a high level delegation

Zebari up to Kuwait at the head of a high level delegation

12/15/2013 20:39

Baghdad – and babysit – Foreign Minister Hoshyar Zebari, to Kuwait at the head of a high level delegation to participate in the meetings of the Ministerial Committee of the Joint Supreme Iraqi – Kuwaiti.
According to a statement of the Foreign Ministry received a copy of the public, on Sunday, that “the Deputy Prime Minister and Minister of Foreign Affairs of Kuwait Sabah Al-Khalid Al-Hamad Al-Sabah received at Kuwait International Airport on Thursday evening, and Read more…

Iraq is suffering an imbalance in the trade balance

Iraq is suffering an imbalance in the trade balance

12/15/2013 0:00

Economic researcher confirmed possession of the ingredients of economic success
Baghdad – Mostafa Hashemi
stressed economic researcher verse just need to adjust the balance of trade of Iraq because he suffers a large deficit because of the tyranny of the volume of imports to the volume of non-oil exports.
intended balance of trade ((BOT which is an acronym for (Balance Of Trade) as The index measuring the overall difference between Read more…

Finance parliamentary calls to divert investment budget allocations for projects that serve the country

Finance parliamentary calls to divert investment budget allocations for projects that serve the country

15-12-2013 08:58 AM

Baghdad (news) .. Called on the parliamentary finance committee, to the need to exchange all the money allocated within the investment budget for strategic projects serve the country. said Vice Chairman of the Committee MP / coalition of Kurdish blocs / Ahmed Faizullah (of the Agency news): that in spite of the money enormous allocated to investment expenditures within budget public, but he has not been disbursed to Read more…

Iraqi bank Cihan wants to open offices in UAE

Iraqi bank Cihan wants to open offices in UAE

14 Dec 2013

A leading private sector Islamic bank from Iraq, Cihan Bank, is planning for setting up a representative office in the UAE. The bank also has a plan for entering in tie-up with the leading UAE based banks, as mentioned by the senior executive of the bank.
Vice Chairperson of the Cihan Bank, Nawzad Yahya Bajger stated, “Currently, we have an office in Dubai. We are seeking to Read more…

Experts contend “concern” the world of falling prices and an abundance of oil Iraq and Iran and the U.S.

Industry experts contend “concern” the world of falling prices and an abundance of oil Iraq and Iran and the U.S.

14.12.2013 (0:01 pm)

BAGHDAD / Hamed Ahmed

Detection experts in the field of oil, on Friday, the existence of a drop in crude oil prices because of “increasing concern speculators” toward excessive pumping of global production and evaluation of the U.S. oil reserves
As shown that “concern” is also increasing as a result of Iraq’s insistence on doubling its production even if prices fall, they stressed that the Read more…