Monthly Archives: April 2011
Iraqi Bank: Foreign Currency Market Decreased From 150 to 50 Million Dollars a Day
| April 30, 2011 | Filled under Iraq Daily News |
Baghdad, (AKnews) – The adviser of the Iraqi Central Bank (ICB) said that selling the hard currency decreased from 150 million $ to 50 million $ per day because of the problems that face the clients in the private and government banks related to the tax disclosure. Muzher Mouhammed told AKnews that the clear decline in the proportion of buying…
Baghdad and Seoul Sign Agreement on Cooperation in Energy, Economy
| April 30, 2011 | Filled under Iraq Daily News |
Baghdad- Resulted in the visit of Prime Minister Nuri al-Maliki to South Korea, and his meetings with officials and heads of companies out there, has signed an agreement to expand cooperation in the areas of energy and the economy. Maliki’s visit to Seoul in the efforts to strengthen Iraq’s relations with world countries and invest the relative stability experienced by…
Oil Minister: The Highest Rate of Iraqi Oil Exports Since 2003
| April 30, 2011 | Filled under Iraq Daily News |
Palm – The Iraqi Oil Minister Abdul-Karim Laibi Tuesday the high rate of export of crude oil last February to 2.202 million bpd, the highest since 2003. He said the coffee through a media statement that the increase in exported quantities of crude oil for the month of February to $ 2.202 million barrels per day, the highest number issued…
27,000 Middle East Gamers Have Shared Card Data
| April 29, 2011 | Filled under Iraq Daily News |
Gulf News- Dubai Registered users of PlayStation Network (PSN) may want to consider replacing their credit cards as an extreme measure if they shared financial information with the breached online gaming network, suggests a global security expert. Costin G. Raiu, director of Kaspersky’s global research and analysis team, told Gulf News that the risk of future identity and financial theft for…
Iraqi Government to Construct Seven Housing Units in 2011
| April 29, 2011 | Filled under Iraq Daily News |
Erbil, (AKnews) – Iraqi minister for reconstruction and housing said throughout 2011 some seven housing units will be constructed in seven Iraqi provinces. The flats will be allocated to 12,600 families in installments. Mohammed Daraji told AKnews Thursday the Iraqi Prime Minister Nouri al-Maliki has ordered to create the units in Kirkuk, Diyala, Basra, Nineveh, Karbala, Salahaddin and Baghdad to…
UN Panel Pays Out $880 Million in Reparations for Iraq’s Invasion of Kuwait
| April 29, 2011 | Filled under Iraq Daily News |
The United Nations Compensation Commission (UNCC), which settles the damage claims of those who suffered losses due to Iraq’s 1990 invasion of Kuwait, today made $880 million available to nine successful claimants. The latest round of payments brings the total amount of compensation disbursed by the Commission to $32.2 billion for more than 1.5 million successful claims of individuals, corporations, Governments…
IMF Raises GCC Growth to 7.8%
| April 29, 2011 | Filled under Iraq Daily News |
DUBAI — The International Monetary Fund on Wednesday raised its 2011 projection for GCC growth to 7.8 per cent from 5.2 per cent, and said high oil prices would also boost the six-nation group’s current account surplus growth by 124 per cent to $304 billion. The Washington-based fund said GCC’s growth would gain increased momentum from Qatar, growing at 20 per…
Kuwaiti-Iraqi Economic Ties Need Further Development – Experts
| April 28, 2011 | Filled under Iraq Daily News |
Kuwait, A host of economists stressed here on Wednesday the necessity to develop economic ties between Iraq and Kuwait and search for investment ventures that are of mutual benefit. In a seminar sponsored by Kuwait Energy Company earlier today and titled “Kuwait and Iraq together towards a bright future”, the experts also stressed the need for investment windows to be…
Iraq’s Oil Revenues Hit a Record
| April 27, 2011 | Filled under Iraq Daily News |
Baghdad- Oil Ministry announced that Iraqi oil revenues for the month of March, a record since 2003 override seven billion dollars. According to figures published by the ministry on its website, Iraq was 66.9 million barrels of crude oil in March earned him the revenues of 7.167 billion dollars at 107.31 dollars per barrel. This is the highest…
Maliki Calls for Spending to Represent the Country’s Wealth
| April 27, 2011 | Filled under Iraq Daily News |
BAGHDAD- Prime Minister Nuri al-Maliki, the concerned authorities to expedite the advancement of the national economy and increasing per capita income of Iraq through the optimization of investment and spending of the wealth of the country. Maliki said in his speech yesterday at the first annual conference of the General Federation of cooperation: The Iraq is not a poor country, but…
University of Basrah to Equip Petroleum Engineering Laboratories Through ExxonMobil Grant
| April 27, 2011 | Filled under Iraq Daily News |
BASRA, IRAQ–(BUSINESS WIRE)– ExxonMobil Iraq Limited is contributing 1.2 billion Iraqi dinar (US$1 million) to equip petroleum engineering laboratories at the University of Basrah to be used by students seeking careers in Iraq’s oil and gas industry. This grant will also fund faculty and curriculum development under which some 46,000 students are expected to study over the next 20 years. There…
Iraq Asks Companies to Bid for New Energy Licenses in June
| April 26, 2011 | Filled under Uncategorized |
Iraq, eager to boost energy exports to pay for its reconstruction, asked companies to begin submitting bids in June for a new round of exploration licenses and aims to disclose the results in January. The country also hopes to sign an initial agreement next month for development of the Akkas natural-gas field, Abdul- Mahdi al-Ameedi, the head of the Oil Ministry’s…
Maliki Emphasizes a Policy of Decentralization in the Wealth Management and Service Delivery
| April 26, 2011 | Filled under Iraq Daily News |
Baghdad, Iraqi Prime Minister stressed today Minister on Monday, the need for a political decentralization in the management of the country’s wealth and the provision of services to citizens, calling at the same time to operate on the principle of cooperation in all spheres of life in the country. Maliki said during the annual celebrations marking the General Union of cooperation…
Bill O’Reilly: Donald Trump Closer to Running for President
| April 25, 2011 | Filled under Iraq Daily News |
An article in The Wall Street Journal on Wednesday says Mr. Trump is investigating setting up organizations in some primary states, signaling he may very well run for president. That, of course, would shake up the Republican Party and change the dynamics of the 2012 election big-time. The problem with a Trump candidacy is his frame of reference. A few…
Private Education or Public Education- Who Is the Winner?
| April 25, 2011 | Filled under Iraq Daily News |
With their flashy uniforms and buses, private schools are becoming a trend in Kurdistan Families with money to spare hanker after a good private school to secure a good education for their children and earn bragging rights. As a result, private schools are quickly filling up their coffers. Private schools outshine an outdated public school curriculum and teachers who are…
Iraqi Securities Market and Filing Requirements of Electronic Trading
| April 24, 2011 | Filled under Iraq Daily News |
Introduced the Iraqi market for securities Introduced the Iraqi market for securities as a center for the filing requirements of electronic trading, which slips and market two years ago. In order to shed light on the objectives of the establishment of this center met with economic morning Managing Director of the Centre Ahmed Salim Amin, who pointed to the…
Turkish Mall Opened in Erbil
| April 24, 2011 | Filled under Iraq Daily News |
Erbil, (AKnews)- A Turkish company opened Thursday a new mall In Erbil, the capital city of the Kurdistan Region. The new shopping area called Home Istanbul is located on 100 meter street, near Family Mall. In the inauguration ceremony of the mall Irö Özel, a member of the managing board for Özel Group (the owner of the project), said…
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