Monthly Archives: January 2012
Agricultural Bank in Wasit Gives Farmers Loans of $6 Billion Dinars
| January 25, 2012 | Filled under Iraq Daily News |
Granting the Agricultural Bank in Wasit province, and within the agricultural initiative approved by the Council of Ministers loans to farmers amounted to more than 6 billion dinars over the last period. The director of the bank Muhammad Khader said, “Angels Agricultural Bank in Wasit was able to complete 919 special treatment loans agriculture within the agricultural initiative launched by…
Haider Al-Abadi: 2012 Budget Will Take Account of Increased Pensions and Employment
| January 25, 2012 | Filled under Iraq Daily News |
Said Finance Committee Chairman Parliamentary Haider al-Abadi said the budget year 2012 was 117 trillion Iraqi dinars and will take account of increased pensions and the provision of employment opportunities through government employment and increase covered by a network of social welfare. Abbadi said in a press statement that “the financial allocations for this will be through transfers between chapters…
Ministry of Health Decided to Build 18 Hospitals at Two Billion Dollars in All Provinces
| January 24, 2012 | Filled under Iraq Daily News |
Ministry of Health decided to build 18 hospitals in all provinces, two billion dollar world-class. Inspector General in the Ministry Adel Muhsin said the ministry has developed a high-level plan to address the imbalance in the needs of provincial hospitals and distributed in different parts of those provinces, adding that the ministry is working to address shortage in the area…
Committee on Economic Affairs Decided to Allow the Import of Fruits That Are Not Produced in Iraq
| January 24, 2012 | Filled under Iraq Daily News |
The Commission on Economic Affairs in the cabinet allow the import of fruits that are not produced in Iraq. Came in a statement issued by the Office of the Deputy Prime Minister for Economic Affairs, Rose Nuri Shaways in which he stated that the committee decided to approve the import of fruit that are not produced in Iraq, such as bananas,…
CBI Seeks to Restore Confidence in the Local Currency Against the Dollar
| January 23, 2012 | Filled under Featured Article |
Baghdad, distanced the Central Bank of himself from the imbalance that has occurred in the mobility of the local currency on the rates rise and fall in the exchange rate, indicating that the intervention in the exchange rate of the dinar is part of creating a situation of trust in local currency, at the time described economists is that the correct…
Iraq to Grow 36% in Three Years
| January 23, 2012 | Filled under Iraq Daily News |
The World Bank says it expects Iraq’s gross domestic product (GDP) to grow by 12.6 percent in 2012, and 10.2 percent in 2013, following a growth of 9.6 percent last year. If achieved, this would give a compound growth of 36 percent in just three years. This follows a downward revision of growth expectations for the world as a…
Baghdad Co Signs Mullah Abdulla Power Plant Contract
| January 23, 2012 | Filled under Iraq Daily News |
The Baghdad Company for Gas Turbines Ltd. has announced that it has won the contract to rehabilitate the Mullah Abdulla power plant in Baghdad. The company’s managing Director, Mr. Mumtaz Rushdi, signed the deal for the 11units on Friday. When completed later this year, the plant will provide more than 250 MW of power. (Source) ^…
Economic Parliamentary Warns of Big Losses for the Economy as a Result of the Investment Budget and Stop the Continued Operational
| January 23, 2012 | Filled under Iraq Daily News |
Baghdad, warned the parliamentary economic committee member Hussein Al-Muraabi of significant losses of the Iraqi economy as a result of the investment budget and stop the continuation of the operational budget only. He said in a press statement: “The delay in approving the budget in 2012 has affected the investment budget and guide the work of the country’s economic reality…
Bill Delete Three Zeros From the Currency Carries the Positive Reflections
| January 23, 2012 | Filled under Featured Article |
Three zeroes formed the State of debate and questions among citizens in the event of a lifting of the Iraqi dinar. Are economists stressed that the step has positive impact on the Iraqi currency. The Bill submitted to the Council of Ministers confirmed the Central Bank that holds the content of several steps, including changing the structure of the Iraqi…
Negotiating Iraq’s Complexities
| January 22, 2012 | Filled under Iraq Daily News |
A spokesman for Iraq’s Ministry of Oil recently told Al Jazeera that unexplored regions of Iraq could yield an additional 100 billion barrels of oil, and that Iraq’s production costs are among the lowest in the world. Additionally, the report says that only about 2,000 wells have been drilled in Iraq to date, compared with roughly one million wells in…
Economic Reform in Iraq: Govt Trapped by Fear of Its Own People
| January 22, 2012 | Filled under Iraq Daily News |
The Arab Spring protests have scared the region’s rulers. And, as an Iraqi economist in Berlin writes, when it comes to much needed economic reforms, the Iraqi government is also trapped by a fear of those on the street. To bend until the storm has passed: This is the Iraqi government’s new motto – and especially when dealing economic reform,…
Surprise Oil Find in Iraq
| January 21, 2012 | Filled under Iraq Daily News |
Iraq’s Oil Ministry announced on Wednesday that it has discovered a new oil field in the Missan [Maysan] province, and described it as the biggest achivement in 30 years. According to the report from AKnews, the Iraqi Oil Minister Abdul Kareem Luaibi [Elaibi] told a press conference: “Iraqi Oil Company and the Southern Oil Company have been able to make…
Questions Over Kurdistan’s Unfinished Projects
| January 21, 2012 | Filled under Uncategorized |
ERBIL, Iraqi Kurdistan — According to data obtained by Rudaw from the Kurdistan Region’s Ministry of Planning, three dozen construction projects, some with budgets as high as 390 billion Iraqi dinars (US$310 million), have been stalled for nearly seven years. According to government information, the construction projects are either partially completed or haven’t ever started, and completing the projects requires…
Director of Private Banks: The Launch of Credit Cards, Various Blocks Will Reduce the Cash in the Market and Facilitate Financial Matters
| January 20, 2012 | Filled under Iraq Daily News |
Baghdad, Called on the Director of the Association of private banks Abdul Aziz al-Hassoun to launch credit cards variety Kalmastr Card and Alvezacard after the successful use of the smart card in the delivery of pensions. Said Hassoun (of the Agency news): that this process will facilitate a lot of financial matters and reduce the bloc’s monetary market local, calling…
Water Resources Begin Work Lining the Large Table Alsablh in Dhi Qar at a Cost of 11 Billion Dinars
| January 19, 2012 | Filled under Iraq Daily News |
BAGHDAD (Iba) … Embarked on the Authority for maintenance of public irrigation and drainage projects of the Ministry of Water Resources works lining the large table Alsablh in Dhi Qar at a cost of 11 billion dinars. A statement by the Information Office of the ministry: that the work includes scraping the soil in the path of the channel and…
Syria Exports 20 Million Dollars Daily to Iraq
| January 18, 2012 | Filled under Uncategorized |
BAGHDAD/ Aswat al-Iraq : Syrian economic sources disclosed that the exports to Iraq reached to 20 million dollars for the last month, half of it from Aleppo, according to Alwatan daily sources. The paper, quoted economic sources there saying that Iraq has become the main lung for Syriain the light of the latest Arab and European sanctions. It added…
Premier Maliki Confirms “Getting Friends Policy”
| January 18, 2012 | Filled under Iraq Daily News |
BAGHDAD/ Aswat al-Iraq : Premier Nouri al-Maliki confirmed during his meeting with Arab heads of diplomatic missions that “Iraqi policy is to get friends and developing cooperation relations with all countries the world over”. In a statement issued by his office, copy received by Aswat al-Iraq, he added that “Iraq is passing through a new stage, following US forces withdrawal,…
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