Iraqi News & Iraqi dinar Updates
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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.
The University of Baghdad opens a marketing center with cost of 40 million iraqi dinars
January 22, 2009
The President of Al Nahrain University stated on Saturday, that the first marketing center for professors and students will be opened soon with cost of forty million iraqi dinars within the investment budget for the current academic year.
The Central Bank of Iraq is raising the value of iraqi dinar gradually
January 07, 2009
The volume of total demand for the dollar declined at the sessions of Iraqi Central Bank last week, to close at $ 655 million, compared with more than 796 million achieved in the previous week, while the exchange rate had stabilized at 1172 iraqi dinar to the dollar.
301 billion iraqi dinar shares traded in ISX in 2008
January 01, 2009
The Iraqi Stock Exchange (ISX) has seen trading activities totaling 301 billion Iraqi dinar over 151 billion shares throughout the year 2008.
Iraqi dates company back on Iraq stock exchange trading list Jan
December 30, 2008
The Iraqi dates processing and marketing company, an offshoot of the ISX industrial sector, was founded in 1989 with capital of 50 million Iraqi dinars, now up to more than 6 billion Iraqi dinars.
Iraq tourism minister tackles stronger ties with Bahrain, UAE
December 30, 2008
Iraqi Minister of Tourism & Antiquities Qahtan al-Juburi discussed separately with the ambassadors of Bahrain and the United Arab Emirates in Baghdad means of furthering tourist relations, calling for facilitating the return of Iraqi artifacts in the UAE.
The Central Bank of Iraq will reconsider its monetary policy
December 30, 2008
The Central bank of Iraq governor Sinan al-Shabibi said the bank may reconsider its monetary policy, including the interest rates and expanding credit requirements.
The IMF confirms that Iraq succeeded in all its commitments
December 26, 2008
The Finance Minister Bayan Jabr said the IMF Executive has finished its Board meeting and confirmed the success of Iraq in all its obligations under the supporting Convention.
Iraq stock exchange up by 0.695 percent
December 22, 2008
Iraq’s Stock Exchange (ISX) index rose by 0.695 percent to settle at 55.571 points on Tuesday’s session, the second this week.
Iraq stock exchange closes with 5-million-share contract
December 22, 2008
The Iraqi Stock Exchange (ISX) closed its session on Tuesday, the second this week, with a five-million-share contract at a value of 1.05 Iraqi dinar (1 U.S. dollar = 1,118 Iraqi dinar) per share.
Kuwait and Saudi Arabia approached to cancel Iraqi debts and compensations of 20 billion dollars
November 01, 2008
Kuwait and Saudi Arabia approached to resolve the issue of debts owed by Iraq, which is about 20 billion dollars, in agreement with the Baghdad government to repeal, as well as addressing the issue of compensation paid by Iraq to Kuwait and other countries affected by the brutal invasion.
Iraq was elected as the Vice-Chairman of the Executive Board of the World Tourism Organization
October 20, 2008
The spokesman in the Ministry of Tourism and Antiquities Abdul Zahra Talgani said that Iraq was elected as Vice-Chairman of the Executive Board of the World Tourism Organization.
The Iraqi Ministry of Finance discussing the means to protect the central bank reserves and the mechanism of debts payment
October 20, 2008
The Iraqi Finance Minister Bayan Jabr had reviewed with legal consultants in the ministry to protect the reserves of the central bank and government assets and the mechanisms for the debt payment in 2009, and re-opened the file of commercial debt and the U.S. citizen's claims against the measures of the former regime.
The Iraq Central Bank sold more than 110 million dollars in the auction of foreign currencies
October 20, 2008
The demand for dollar-buying was decreased, on Sunday; in the iraq central bank daily auction for the sale and purchase of foreign currency, registering the size of request exceeded 110 million U.S. dollars at 1179 iraqi dinars per one dollar compared with 142 million and 555 thousand dollars at the closing session last Thursday.
An Economic Expert: The Iraq Central Bank policy had weakened the local investment and the Ministry of Finance procedure was right
September 01, 2008
An Economic Expert stressed that the Central Bank policy has weakened the volume of domestic investment in Iraq after the raise of interest rate which prompted most traders and farmers to invest their money through commercial banks away from the worries of trade, industry, agriculture and other investments that could push forward the wheel of local economy significantly.
Iraqi businessman calling to review the paragraphs of investment law
August 26, 2008
The Iraqi businessman and board chairman of Ashur International Bank for Investment ,Engineer Wadee Handal stressed that : promoting the economic situation is possible in case of the economic policy adopted has successful steps towards activating the stock market and to reconsider the investment law paragraphs.
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