September 2007 News & Updates
Greek companies announce their intention to invest in Kurdstan
September 29, 2007
Greek commercial delegation represents many different Greek companies expressed the intention of those companies to invest in Kurdstan. This came during a meeting between representatives of a number of Greek companies, in the city of Arbil last Sunday, and Vice President of Kurdstan government, Mr. Omar Fattah.
Raising the value of the Iraqi dinar achieved more than what was expected
September 29, 2007
Zuhair Ali Akbar, director general of the Iraqi Central Bank the branch Basrah and board member of the Central Bank in Baghdad, said "the monetary policy adopted by the Iraqi Central Bank to deal with inflation and remove the lingering effects of the monetary policy of the former regime, and to contain its negative consequences, made a lot of results which exceeded what was planned for.
Iraq inflation down to 17% in July
September 06, 2007
Iraq's core rate of inflation has been driven down by monetary policy and the central bank is ready to take further action if needed, Iraq Central Bank governor Sinan Al-Shabibi said on Saturday.
Iraqi stocks gaining momentum
September 06, 2007
The Iraq Stock Exchange (ISX) is performing "not too badly," gaining 12 to 15 per cent since the beginning of August, which amounts to 0.5 per cent to one per cent a day, said Rand Michael Holtz, operations director of the recently established Iraq Fund LLC, at a conference in Dubai last week.
100 billion iraqi dinar for waste treatment facilities in Baghdad
September 06, 2007
Baghdad City Council has announced an iraqi dinar 100 billion allocation for waste-sorting plants, having prepared a piece of land for this purpose.