Iraqi News & Iraqi dinar Updates
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Al Rafidain and Al Rasheed banks conclude an agreement for the use of smart cards
March 19, 2008
Al-Rafidain and Al-Rasheed banks concluded a joint agreement with an international company to use the Smart Card which has become the ideal means of cash circulation in the world.
Iraq is preparing for investment opportunities in Dubai
March 19, 2008
Iraq is preparing for the conference to be held in Dubai next April with the participation of local and foreign investors to discuss investment opportunities in 40 government-owned companies in the sectors of petrochemicals, pharmaceuticals, nutrition, industries of construction, engineering, industrial services, spinning and weaving.
A suggestion allowing private iraq banks to open up a clearing with American banks
March 19, 2008
A financial expert stressed that Iraqi private banks need to be supported by the State to enable them from doing their part in the building and reconstruction campaigns which are about to start.
Various activities in ISX (Iraq Stock Exchange) last February
March 19, 2008
Executive Director of Iraq market for securities, Taha Ahmed Abdul Salam, said that last February witnessed various activities summarized by 11 exchange sessions at three meetings a week except for one meeting was cancelled because it coincided with the occasion of Imam Al-Hussein (p) visit. He said in a press release that the number of shares circulated during last month amounted to (15) billion shares worth (16) billion dinars achieved through the implementation of 3165 negotiable deal, while the total number of shares circulated for non-Iraqi investors was (1.1) billion shares worth (1.8) billion iraqi dinars
722 billion iraqi dinar profits of Al-Rafidein Bank
March 19, 2008
Director-General of Al-Rafidein governmental bank, Abdul Hussein Al-Yasiri, said that the efforts "focus now on the restructuring of the bank to develop it and bring it to the ranks of global banks, especially since it was among the best one hundred bank in the world." He pointed out that it profits "exceeded 722 billion iraqi dinars (about 600 million dollars) last year, at an increase of %125 from 2006."
Iraqi planning to exploit the gas wealth
March 09, 2008
Iraqi Oil Minister, Hussein Al-Shahrastani, said that the Commissioner of Energy in the European Union, Andrias Bebalgus, assured him in their meeting in Brussels recently that the Union wishes Iraq to play a full role in building the Arab gas pipeline, which goes to Europe, via a linking it to Nabucco pipeline, which will transfer gas through Turkey to Western Europe from the Caspian Sea starting in 2011.
Trade organizes the largest trade fair in Baghdad
March 09, 2008
The Ministry of Trade announced on Sunday that it will organize, in coordination with Nour Office group, the largest commercial exhibition on the ground of Baghdad International Fair, with the participation of more than one hundred companies representing both public and private sectors during the period from 14 until 18 of next April.
Dollar stable, euro, sterling dip in local markets in Iraq
February 07, 2008
The U.S. dollar maintained a stable exchange rate on Wednesday in local markets in Baghdad, Basra and Arbil, hitting 1,225 Iraqi dinar per dollar, same as the closing price on Monday.
First Wave of Iraq State Investment Opportunities to be Signed at Historic Summit
February 07, 2008
The Iraq Development Program is delighted to announce the forthcoming Commercial Investment Summit, under the instruction of Iraqi Minister of Industry & Minerals H.E. Fawzi Hariri.
Iraqi economy data in World Bank bulletin
February 07, 2008
For the first time in 30 years Iraqi economy statistics and data will be published in a periodic bulletin released by the World Bank, an Iraqi central bank statement said on Tuesday.
A railway around Baghdad connecting Iraq with countries in the region
February 07, 2008
Iraq began implementing the first stage of the first significant strategic project that includes a railway line round the city of Baghdad with the length of 284 km, at a cost of nearly $8 billion, and will last for six years.
Demand for US dollar down in Iraqi Centeral Bank auction
January 01, 2008
Demand for the US dollar went down in the Iraqi Central Bank’s auction on Sunday registering at $55.960 million compared to $79.040 million in the previous session. "The demand hit $14.080 million in cash and $41.880 million in money transfers outside the country, all covered by the bank at an exchange rate of 1,216 Iraqi dinars per dollar, unchanged for the 12th session in a row," according to the central bank's daily bulletin received by the independent news agency.
Lower demand for the US dollar, iraqi dinar exchange rate stable
December 27, 2007
Demand for the dollar went down in the Iraqi Central Bank’s auction for iraqi dinar on Wednesday, the first session after the holiday of the Muslim festival of Eid al-Adha, registering at $12.800 million compared to $28.390 million on the previous session.
Arab and foreign investors increase in Iraq stock market
December 19, 2007
A source in the Iraqi market for securities said the Gulf, Arab and foreign investors have so far pumped more than 16.6 billion Iraqi dinar (equivalent to 14 million dollars) in Iraq stock market since non-Iraqis were allowed to circulate in it at the end of last August.
700 billion iraqi dinars for the development of Basrah
December 19, 2007
The official spokesman for the Iraqi government, Ali Al-Dabbagh, said on Wednesday that the government has allocated 700 billion Iraqi dinars from the budget in 2008 for the reconstruction of Basrah.
Iraqi stock exchange (ISX) higher by 0.239
December 19, 2007
The Iraqi stock exchange (ISX) index rose by 0.239 percent on Thursday compared to the previous session, closing at 34.282 points. The traded shares were more than 268 Traded shares in Thursday's session exceeding (568) million at a total value of (863) million iraqi dinar (USD 707.377 million) by implementing 236 contracts.
Opening a joint Iraqi-Iranian Bank in Karbala
December 05, 2007
An official source in Karbala province said that a joint Iraqi-Iranian bank was opened on Sunday, with a capital of $30 million, to solve the problems of Iranian visitors to the holy shrines in Iraq.
550 billion iraqi dinars for the budget of Baghdad Mayoralty in 2008
December 05, 2007
"Ameen Baghdad", Sabir Al-Isawi, said on Sunday that the Cabinet allocated a current budget for the year (2008) for Baghdad Mayoralty amounting to (550) billion iraqi dinar, in addition to an income derived from the collection of fees and estimated by approximately (23) billion iraqi dinars.
Iraq Stock Exchange begins electronic trading early next year
November 19, 2007
Executive Director of the ISX said the Market will start early next year the electronic trading of stocks contributing in the Iraqi market. Taha Ahmed Abdul-Salam added that the technical teams ended the installation of devices and electronic trading programs and linkages with the global markets in preparation for the start of electronic trading of Iraqi stocks contributing in the market early next year.
Firms call for long-term investments in Iraq
November 07, 2007
Companies interested in rebuilding Iraq are upset with the low turnout at the Gulf Iraq Expo (GIX). The GIX at Bahrain International Exhibition Centre has only been a partial success due to low turnout with a number of infrastructure exhibitors dissatisfied with the event.
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