Iraqi News & Iraqi dinar Updates
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The Iraqi-American Chamber of Commerce and Industry hold a conference on investment in Kurdistan
November 15, 2006
An official in the Iraqi-American Chamber of Commerce and Industry announced that the Chamber plans to hold its third conference on investment under the banner of (investment in the Kurdistan of Iraq Prospects for present and future) in the city of Sulaymaniyah.
Iraqis are the main foreign investors in Jordan invested over 118 million Iraqi dinar
November 15, 2006
Official Jordanian figures pointed out that the Iraqi investors are on top of the list of non-Jordanian investors in Jordan; their investments amounted to 118 million iraqi dinar during the first ten months of this year.
Iraq central bank to adopt new policy to end inflations' rates
November 14, 2006
An official source at the Central Bank of Iraq said;
DNO sees bigger oil discovery in Iraq
November 14, 2006
Norway's DNO, the first foreign oil firm to drill in Iraq after the invasion, said its oil discovery in north Iraq is bigger than expected and confirmed production would begin in early 2007.
Iraq head of stock exchange Trustees demands for rapid activation of the investment law
November 13, 2006
The non- activation of the Iraqi new investment law in terms of forming its management, supervising body, naming its members and starting their work, caused a great disappointment among investors in the Iraqi Stock Exchange, especially that vigorous efforts being made to update its performance: installing new equipment and supplies of electronic trading and organizing Stock Exchange halls, in preparation for the start of adopting this mechanism, which is exercised for the first time in Iraq.
25 million USD to reconstruct Najaf, Iraq
November 07, 2006
The Ministry of Finance has allocated $25 million for the reconstruction of the holy city of Najaf, Governor Asaad Sultan said.
Saudi Arabia grants 1.5 billion dollars to Iraq
November 05, 2006
The Iraqi delegation called on Kuwait to drop its debt.Dr. Barham Salih, Deputy Prime Minister and Head of the Iraqi delegation to the International Conference in Kuwait, along with Dr. Muwaffaq Rubaie, the National Security Adviser and the accompanying delegation met with the President of the Kuwaiti National Assembly Jassem Mohammad Al-Khorafi and discussed bilateral and parliamentary relations as well as ways of developing them and unify stances in international assemblies.
China and Australia are willing to support and develop the Iraqi oil sector
November 05, 2006
Japan granted a facilitated loan to Iraq of three billion and (500) million USD for the development of oil and gas sector in the whole country, while China and Australia expressed readiness to support the oil sector and intensify the efforts to improve it.
500 companies from 25 countries participate in international exhibition on the methods of developing agriculture and animal wealth in Iraq
November 05, 2006
500 Arab and foreign companies from 25 countries will participate in the international exhibition on the methods of developing agriculture and animal wealth in Iraq. The exhibition will be held in Amman from 3rd to 6th next April.
Labor ministry to distribute monthly funds in iraqi dinar for idles
November 05, 2006
The source made it clear that the ministry would raise up with about 50 per cent of current salaries, which is about 120 to 150 thousands iraqi dinar for the current time.
The benefits of Iraq joining the IMF and the World Bank
November 03, 2006
Economists, concerned Iraqis and foreigners disagree on the subject above while some of them believe that Iraqi government has rushed to resort to the IMF and the World Bank to reschedule its debts on the terms of implementing the policy of economic reform.
China and Japan keen to develop Iraq oilfields
November 03, 2006
China and Japan have staked their claim to develop Iraq's vast oil reserves with Tokyo offering billions of dollars in loans and Beijing agreeing to renegotiate a deal signed with Saddam, Iraq's oil minister said Wednesday.
Eleven Iraqi banks agree to launch a specialized company to finance special projects
November 01, 2006
Eleven Iraqi banks, with the direct support from Iraqi Central Bank and the American Agency for Development, announced the establishment of the Iraqi company for loans that provides financial liquidity for those wishing to establish small projects.
ICI directly linked to bringing stability to the country
November 01, 2006
The importance of the International Compact with Iraq (ICI) derives from its direct link to Iraq's security as many of its friends seek to take part in instilling stability in the country, said Foreign Minister Sheikh Dr. Mohammad Sabah Al-Salem Al-Sabah on Tuesday.
International Compact with Iraq preparatory meeting issued final communique
November 01, 2006
The fifth and final preparatory meeting for the International Compact with Iraq (ICI) Tuesday said recognizing challenges facing Iraq has helped shaping up strategies, objectives and benchmarks to overcome all difficulties facing the nation.
Many foreign states ready for extending more financial support to Iraq
November 01, 2006
Iraqi Deputy Premier Dr. Barham Saleh said on Tuesday that many states including the US, the EU and Saudi Arabia have declared readiness to support Iraq financially in the coming stage.
A sudden rise of the dollar exchange rate in Iraqi dinar because of Eid Holiday
October 30, 2006
The dollar exchange rate varied between the Iraqi Central Bank and local markets, especially after the official auction to sell iraqi dinar and other currencies stopped convening for ten days because of Eid al-Fitr.
Iraq department of Labor collects more than four million iraqi dinar rent for their projects
October 25, 2006
The executive committees responsible for monitoring the application of the law of collecting government debts made 12 field visits to follow-up the Civil Service projects of the Department. During these visits (958) thousand iraqi dinars were collected and the income of the Department of the current leases for Baghdad governorate reached four million, 739 thousand and 250 iraqi dinar.
Will Iraq private sector import cars and sell them by installments?
October 25, 2006
The Ministry of Trade intends to grant the private sector wider mandates to import goods and commodities such as importing and trading in cars and sell them by installments to officials, pensioners and wage earners.
Hidden terror in Iraq
October 18, 2006
Raising operations of security forces in raiding terrorists' strongholds has come to be fruitful thanks to cooperation between people and the security forces that pursued coordination among their offices. Some operations have turned to be offensive following being defensive for a long time due to raising intelligence activities among security forces.
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