Iraqi News & Iraqi dinar Updates
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Kuwait and Saudi Arabia approached to cancel Iraqi debts and compensations of 20 billion dollars
November 01, 2008
Kuwait and Saudi Arabia approached to resolve the issue of debts owed by Iraq, which is about 20 billion dollars, in agreement with the Baghdad government to repeal, as well as addressing the issue of compensation paid by Iraq to Kuwait and other countries affected by the brutal invasion.
Iraq was elected as the Vice-Chairman of the Executive Board of the World Tourism Organization
October 20, 2008
The spokesman in the Ministry of Tourism and Antiquities Abdul Zahra Talgani said that Iraq was elected as Vice-Chairman of the Executive Board of the World Tourism Organization.
The Iraqi Ministry of Finance discussing the means to protect the central bank reserves and the mechanism of debts payment
October 20, 2008
The Iraqi Finance Minister Bayan Jabr had reviewed with legal consultants in the ministry to protect the reserves of the central bank and government assets and the mechanisms for the debt payment in 2009, and re-opened the file of commercial debt and the U.S. citizen's claims against the measures of the former regime.
The Iraq Central Bank sold more than 110 million dollars in the auction of foreign currencies
October 20, 2008
The demand for dollar-buying was decreased, on Sunday; in the iraq central bank daily auction for the sale and purchase of foreign currency, registering the size of request exceeded 110 million U.S. dollars at 1179 iraqi dinars per one dollar compared with 142 million and 555 thousand dollars at the closing session last Thursday.
An Economic Expert: The Iraq Central Bank policy had weakened the local investment and the Ministry of Finance procedure was right
September 01, 2008
An Economic Expert stressed that the Central Bank policy has weakened the volume of domestic investment in Iraq after the raise of interest rate which prompted most traders and farmers to invest their money through commercial banks away from the worries of trade, industry, agriculture and other investments that could push forward the wheel of local economy significantly.
Iraqi businessman calling to review the paragraphs of investment law
August 26, 2008
The Iraqi businessman and board chairman of Ashur International Bank for Investment ,Engineer Wadee Handal stressed that : promoting the economic situation is possible in case of the economic policy adopted has successful steps towards activating the stock market and to reconsider the investment law paragraphs.
Iraqi Businessmen are welcoming ATM system in Baghdad and demanding to expand it all over Iraq
August 26, 2008
Al Warka'a Bank began work on the automated teller system through distributing a number of ATM machines at bank branches in Baghdad, Iraq and a number of commercial markets and some ministries headquarters.
BP announced that negotiations are continuing with Iraq to obtain a short–term contract
August 26, 2008
An executive Official announced in BP oil company, that the conversations are continuing with Iraq to obtain a short-term contract for services in oil sector. The statement came after a declaration of an American diplomat in Baghdad earlier this week ,and he was suspicious of the possibility of concluding such deals.
The Central Bank Of Iraq warning the citizens to deal with informal financial companies
August 26, 2008
The Central Bank of Iraqi has warned citizens and all companies from dealing with informal and non-approved financial companies, confirming that it will undertake to exercise fraud, money laundering .While the Ministry of Planning announced it suspended 31 of Iraqi , Arab and foreign companies to leave their contractual obligations and referred to the judiciary.
The Iraqi banks demanding to allow them open channels of compensation with U.S. banks
August 20, 2008
The financial Consultant of Al Shamal Iraqi Bank , Ma'an Ghanem Abdul Jaleel, stressed on that Iraqi private banks need the support of the state aimed at promoting their functions. He added: the decision of rising the fund amounts for private banks to two million dollars is an encouraging step and good for activating their role.
ATMs appeared gradually in streets of Baghdad, Iraq to withdraw iraqi dinar
August 20, 2008
The automated teller machines ATM are gradually appearing in the streets of the Iraqi capital, where tens of Iraqis proceeded daily to withdraw iraqi dinar from their bank accounts via credit cards.
Demand increases on Iraqi dinars in Egypt with expectations of price rising
August 13, 2008
Egyptian banking market is currently in a state of struggle to buy the Iraqi dinar by some individuals in the hope of achieving profits by increasing expectations of an official price within two years at most in the repetition of the scenario occurred with the beginning of the Iraqi political and security crisis , and the issuance of new Iraqi dinars following the execution of former Iraqi president Saddam Hussein, followed by the efforts of some people to buy Iraqi dinars to achieve substantial profits.
Samarra'a Company is marketing medical supplies worth 3 billion iraqi dinar
August 13, 2008
The Ministry of Industry has allocated 15 billion dinars to Al Furat Assembly for the chemical industries within the investment plan for the next three years, while the General Company for Pharmaceuticals and Medical Supplies in Samarra had produced medicines and medical preparations of three billion iraqi dinar during last May, while Orr Company for General Engineering had completed 85 percent of producing project for terrestrial telephone wires cost 9.2 million dollars.
The Central Bank Of Iraq started to unify the reserved monetary rate among the governmental and private banks
August 13, 2008
The Iraqi Central Bank Consultant stated to Aswat Al Iraq about the new instructions will be effective from Sunday, the mandatory standardization of cash reserve ratio in government and private banks in the same ratio.
Al Najaf Airport was officially opened on Sunday
July 23, 2008
On Saturday afternoon landed the first cargo planes in Najaf International Airport, which is scheduled to be officially inaugurated on Sunday in the presence of President Jalal Talabani and Prime Minister Nouri al-Maliki.
The Iraqi National Investment is flooded with investor’s new proposals
July 23, 2008
Ahmed Redha the head of the Iraqi National Investment clarified that the new agency set up by the Government is flooded with proposals worth tens of billions of dollars due to the decline of violence in recent months to its lowest level in four years.
The British Prime Minister seeks to improve the investment in Iraq
July 23, 2008
The British Prime Minister Gordon Brown has made a non declared visit to Iraq on Saturday, seeking to build on the improved security situation in the country and the promotion of investments. Iraqi officials said that Brown is having dialogues with Iraqi Prime Minister Nuri al-Maliki in Baghdad.
United Arab Emirates is abolishing 7 billion Dollars of Iraqi debts
July 23, 2008
United Arab Emirates abolished about seven billion dollars of debt, including interest and late payments owed by Baghdad to become the first Gulf State disclaimed all of Iraq's debt.
Karbala's mayoralty commences 3 billion Iraqi dinar projects
July 23, 2008
Karbala's mayoralty commenced executing five projects inside the city, with a total cost of more than three billion Iraqi dinar (ID), said the mayoralty's media director on Saturday.
Iraqi dinar rises 20% against the US dollar over the past 16 months
July 23, 2008
Iraqi Central Bank Governor said that the Iraqi dinar exchange rate rose against the US dollar by 20% over the past 16 months due to monetary policy of the Bank.
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