December 2007 News & Updates
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.