Iraqi News & Iraqi dinar Updates
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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.
Opening a modern telephone exchange in Najaf with capacity of 40 thousand subscribers
June 08, 2009
The Minister of Communications Farouk Abdul Kader has opened a modern telephone exchanges in Najaf, which has the capacity up to 40 thousand subscribers.
E-trading arrives in Iraq
May 29, 2009
Al-Harej markets are famous throughout Iraq. In every city there is a popular Harej market, the most famous one being located in al-Maydan in Baghdad, where electrical devices, furniture and other second hand goods are sold.
16 companies shares slump, only one made it up in Iraq stock exchange trading
May 29, 2009
The iraq stock exchange (ISX) index on Thursday, the last manual session for this month of May, went down by 7.659%, closing at 253.734 points. Some more than 268 million shares of 30 joint-stock companies exchanged hands at a value of 546 million Iraqi dinar (ID) ($466,000) in 180 transactions.
Iraq is studying the draft of allowing foreign investors to possess lands
May 29, 2009
The Chairman of the National Investment Sami al-Araji stated to"Reuters" before yesterday that the proposal is one of a number of amendments to the investment law aimed to attract foreign capital, but the bureaucracy has lessened of its effectiveness.
Iraqi Banks Association studies establishing a joint bank with a capital of billion dollars
May 29, 2009
The Chairman of the Private Iraqi Banks Association, Fouad Al-Hasani, said that the «Central Bank» of Iraq, the Ministry of Finance, the Association and Representatives of foreign banks operating in Iraq, are studying the draft of establishing a joint bank with a capital of one billion dollars.
Central Bank of Iraq (CBI) declined government
May 14, 2009
The Iraqi central bank declined the request of government to borrow from the bank’s Reserve funds to fill the shortfall in the budget, considering it as a violation step and contrary to the Bank’s independence. The senior Consultant in the Central Bank of Iraq, Mudher Mohammed Saleh said in a telephone conversation with the "Radio-sawa," that the government resorted to the easiest way to feed the budget’s deficit of this year, in reference to the government’s request to borrow funds from the reserve, while it must resort to apply for long term economic policies.
Conference on investment opportunities in Basra
April 26, 2009
An economic conference will be held in Basra next May with the participation of major Ukrainian investment companies to discuss investment opportunities in the city, the head of the businessmen union in Basra said on Friday.
$65b+ postpaid plan to rebuild infrastructure
April 26, 2009
The cabinet approved a draft law on a postpaid plan of $65.765 billion to rebuild Iraq’s infrastructure and service sectors, according to the Iraqi government’s official spokesman Ali al-Dabbagh on Friday.
174m iraqi dinar in 2nd electronic trading session
April 26, 2009
Iraq’s Stock Exchange (ISX) held its second electronic trading session on Sunday, where over 135 million shares were traded at a value of 174 million Iraqi dinar (ID) by implementing 40 contracts.
e-Trading in Iraq stock exchange for the first time
April 22, 2009
It was scheduled that investors to enter the Iraqi bourse next Sunday after preparations continued for nearly 20 months to adopt electronic software and training of managers, employees and intermediaries in the market.
Foreign investments had increased in Iraqi Stock Market last month
April 22, 2009
A report was issued by the Iraqi Stock Market for March, stated that the month was marked by the evolution of foreign funds volume. The report pointed out that the volume of foreign investment's participation has increased from 634 thousand dollars in January to 849 thousand dollars in February, and then to 1.072 billion dollars in March.
Iraq stock exchange settles at 173 points on Tuesday
April 02, 2009
Traded shares in Tuesday’s session exceeded 1.435 billion at a total value of over 2.346 billion Iraqi dinars ($2 million U.S. dollars) by implementing 412 contracts. Shares of 48 companies were traded in today’s session, of which 15 shares jumped, 9 slumped, and 24 maintained their previous levels.
The Iraq Central Bank's sales exceeded 2 billion dollars in February
March 04, 2009
The Iraqi Central Bank's sales had registered during February an amount of money exceeded two billion dollars, while the exchange rate kept all over the 19 auction sessions at 1170 iraqi dinar per dollar. The total volume of sales was 2 billion and 363 million and 558 thousand dollars, at a stable exchange rate throughout the month of 1170 iraqi dinars per dollar. The sales of the Central Bank had registered on last January more than 3 billion and 54 million dollars at exchange rate for the first two weeks 1171 iraqi dinars per dollar, down to 1170 dinars per dollar in mid-January.
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.
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