2009 News & Updates
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Iraqi Minister of Communications announced the approval of the fourth license for the mobile phone
December 29, 2009
Communications Minister Farouk Abdel-Qader obtain initial approval from the Council of Ministers to put forward a fourth draft license for the mobile phone to provide greater service to citizens at affordable prices. During the House of Representatives meeting by its twenty-first regular Session yesterday headed by Dr. Iyad al-Samarrai.
Iraq stock exchange (ISX) leaves 2009 on rise
December 29, 2009
The session witnessed last Tuesday, trading 3.222 billion shares worth 4.976 billion iraqi dinars (3.98 million), which investors described the majority rise Capitals of the shares of companies, as a reaction of declines that occurred during the past two weeks, indicating that the stock prices of most companies are appropriate, what enticed investors to buy them.
Iraq to participate in Dubai
September 17, 2009
Iraq will participate in the International Village Festival hosted by Dubai in November 2009 as well as the OIC Trade Exhibition, scheduled to take place in the Egyptian capital Cairo in October 2009.
Japanese firms to invest in Nassiriya field in Iraq
September 17, 2009
A delegation comprised of representatives of Japanese companies will visit Iraq later this month to discuss technical issues with regards to the investment in the Nassiriya oil field.
High interest in Iraqi banks reduce the demand for credit
September 17, 2009
Head of the Advisory Body in the Iraqi Company for Bank Guarantees, Wadi Nuri Al-Handal, attributed the declining demand for bank credit in the Iraqi market to the high interest rates charged by banks, which impacted negatively on the overall investment activity of the sector.
Central Bank Iraq denies imposing restrictions on foreign exchange
September 17, 2009
Iraqi Central Bank denied the rumors about its intention to restrict foreign exchange and foreign currency transactions.
Central markets
September 17, 2009
The Iraqi Central Markets Company has earned more than 11 billion Iraqi dinar (nearly $9.6 million U.S. dollars) in proceeds from the beginning of this year until last July, according to an official statement.
Central bank Iraq dollar sales plunge as campared to iraqi dinar
August 27, 2009
“The demand hit $8.750 million in cash, covered by the bank at an exchange rate of 1,183 Iraqi dinar, and $52.515 million in foreign transfers outside the country, covered at an exchange rate of 1,173 Iraqi dinar per dollar,” according to a CBI news bulletin.
Iraq stock exchange trading hits Iraqi dinar 4.3b this week
August 27, 2009
The Iraqi Stock Exchange (ISX) this week traded over 2 billion shares worth 4.3 billion Iraqi dinars (ID) or $3.6 million through 864 transactions on 23 out of a total 52 electronically-registered companies. The ISX trading last week had hit ID5.5 billion over more than 2.7 billion shares through 1005 transactions on 19 companies. Sixty-Four out of the 864 transactions this week went to non-Iraqi investors who traded over 42.3 million shares worth Iraqi dinar 149 million.
Three trillion iraqi dinars in treasury remittances to cover electricity contracts
August 27, 2009
Advisor of the Iraqi Central Bank, Madhar Mohammed Salih, said that the bank will issue treasury remittances worth 3 trillion Iraqi dinars in the next few days to cover the electricity contracts through the legal cash reserve maintained for the benefit of the banks.
Supplementary budget shows deficit of Iraqi dinar 3.9 trillion
August 03, 2009
The head of the Financial Committee in the Iraqi Parliament on Wednesday said that the country’s supplementary budget for the year 2009 has shown a deficit of 3.9 trillion Iraqi dinars.
Supplementary budget shows deficit of Iraqi dinar 3.9 trillion
July 29, 2009
The head of the Financial Committee in the Iraqi Parliament on Wednesday said that the country’s supplementary budget for the year 2009 has shown a deficit of 3.9 trillion Iraqi dinars.
Bank of Baghdad to join ISX (iraq stock exchange) electronic trading sessions
July 29, 2009
The Iraqi Stock Exchange (ISX) on Tuesday said that the Bank of Baghdad will join its electronic trading sessions as of this Thursday, brining up the number of electronically registered companies to 47 out of a total 91.
Iraqi dinar vs Dollar sales increase to $191m on Wednesday
July 17, 2009
“The demand hit $15.800 million in cash, covered by the bank at an exchange rate of 1,183 Iraqi dinar, and 176.605 million in foreign transfers outside the country, covered at an exchange rate of 1,173 Iraqi dinar per dollar,” according to a CBI news bulletin received by Aswat al-Iraq news agency.
Iraqi Stock Exchange converted into a secondary market for bonds and remittances
July 17, 2009
The Iraqi Central Bank agreed to the request of Iraqi Stock Exchange to deposit government and semi-governmental bonds once they are issued and circulated in the market.
Iraq stock exchange invited brokerage firms to open additional branches
July 09, 2009
High Director of the Iraqi Stock Exchange, Taha Ahmed Abdul Salam, called upon contributing companies to reduce the dependence on increasing their capital as a source of funding.
Completion of Communications Compound in Al-Amarah with a cost of 821 Million iraqi dinar
July 09, 2009
The director of Maysan Communications Department said that a local company, has accomplished on Saturday, a compound for Communications, northern city of Amarah, with a total cost of 821 million Iraqi dinars. Eng. Ali Mahmoud Khalaf said that a local company has completed a Communication Compound in Ali Al Gharbi district (100 Km north of Amarah) stating that the total cost of project is 821 million iraqi dinar, the project is part of Ministry of Communications investment plan for the year 2008 - 2009.
Completion of Communications Compound in Al-Amarah with a cost of 821 Million iraqi dinar
July 06, 2009
The director of Maysan Communications Department said that a local company, has accomplished on Saturday, a compound for Communications, northern city of Amarah, with a total cost of 821 million Iraqi dinars.
Central bank of Iraq sells $124m on Wednesday
July 01, 2009
Demand for the dollar went up in the Central Bank of Iraq’s (CBI) auction on Wednesday, reaching $124.980 compared to $114.550 million iraqi dinar in the previous session.
As Iraq Stabilizes, China Eyes Its Oil Fields
July 01, 2009
As the world’s second-largest and fastest-growing consumer of oil, China is showing increasing interest in oil fields in a country that has until very recently seemed to be firmly in the American sphere of influence for natural resources: Iraq.
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