February 2009 News & Updates
Iraq Central Bank adviser: Iraq is committed to the policy of liberalization of current accounts
February 25, 2009
The Iraqi Central Bank's adviser stated on Monday, that Iraq was committed to liberating current accounts of payments balance, which have no restrictions on foreign transfers, except anti-money laundering and crime funding and terrorism, stating that Iraqi dinar holder has the right to act freely.
Iraqi Stock Exchange plan to launch Electronic trading
February 18, 2009
The Iraqi Stock Exchange’s plan to launch electronic trading will attract a large number of new investors and will help lift share prices, according to an Iraqi investor.
Iraq stock exchange higher by 2.183%
February 09, 2009
Iraq’s Stock Exchange (ISX) index rose by 2.183 percent to settle at 69.672 points during Sunday’s session, the first this week.
Iraqi oil exports increased to 1.89 million barrels per day in January
February 05, 2009
An official in Oil industry stated on Monday that Iraqi monthly crude oil exports increased to 1.893 million barrels per day last month supported by the continued transfer of quantities via truck through Jordan.
Removing the Private Iraqi bank's guaranty to open letter of credits
February 05, 2009
It should be noted that the conference recommended removing the bank's guaranty in Private Banks for the purpose of opening credits of (4) million iraqi dinar, rather than (2) million dollars, according to the foundation established by the Central Bank of Iraq.
Central bank iraq dollar sales down to $585m this week
February 02, 2009
Total demand on the dollar in the Central Bank of Iraq (CBI) auctions went down this week to reach $585 million at a stable exchange rate of 1,170 Iraqi dinar per each dollar for the second week in a row.
Jordan grants facilities for Iraqi investors soon
February 02, 2009
The Jordanian government has prepared draft decisions to grant facilities for Iraqi investors to do business in Jordan in addition to facilities for Iraqi nationals in the kingdom in implementation of King Abdullah II of Jordan, according to the Jordanian interior ministry.
The Kuwaiti Airways demanding more compensations from Iraq
February 02, 2009
The Chairman of Kuwaiti Airways Board, Hamad Al-Falah has denied the news of their abandonment to the entire debt owed by Iraqi government, amounted $ 1,300 billion dollars.
1.1 Billion iraqi dinar for repairing the oldest water pipelines in Karbala
February 02, 2009
A local company in the city of Karbala, started on Thursday, the execution of maintenance project to the oldest drinking water pipelines in the city and replacing the defective parts, at a cost of 1.1 billion iraqi dinar (948 thousand dollars).
Iraqi dinar 1 billion to maintain oldest water pipeline in Karbala
February 02, 2009
A local company in Karbala on Thursday embarked on implementing a project to maintain the oldest drinking water pipeline in the holy city at a cost of 1.1 billion Iraqi dinar(ID), equal to $984,000, according to the governor of Karbala.
The sales of Central Markets exceeded 1.5 billion iraqi dinars last month
February 02, 2009
The Ministry of Trade reported on Thursday that the sales of central markets in Baghdad and the provinces had exceeded more than 1.5 billion iraqi dinars (1.3 million dollars) during the month of December, thereby realizing an increase rate 800% of the achieved sales during the same month of last year.