Iraqi News & Iraqi dinar Updates
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Trade organizes the largest trade fair in Baghdad
March 09, 2008
The Ministry of Trade announced on Sunday that it will organize, in coordination with Nour Office group, the largest commercial exhibition on the ground of Baghdad International Fair, with the participation of more than one hundred companies representing both public and private sectors during the period from 14 until 18 of next April.
Dollar stable, euro, sterling dip in local markets in Iraq
February 07, 2008
The U.S. dollar maintained a stable exchange rate on Wednesday in local markets in Baghdad, Basra and Arbil, hitting 1,225 Iraqi dinar per dollar, same as the closing price on Monday.
First Wave of Iraq State Investment Opportunities to be Signed at Historic Summit
February 07, 2008
The Iraq Development Program is delighted to announce the forthcoming Commercial Investment Summit, under the instruction of Iraqi Minister of Industry & Minerals H.E. Fawzi Hariri.
Iraqi economy data in World Bank bulletin
February 07, 2008
For the first time in 30 years Iraqi economy statistics and data will be published in a periodic bulletin released by the World Bank, an Iraqi central bank statement said on Tuesday.
A railway around Baghdad connecting Iraq with countries in the region
February 07, 2008
Iraq began implementing the first stage of the first significant strategic project that includes a railway line round the city of Baghdad with the length of 284 km, at a cost of nearly $8 billion, and will last for six years.
Demand for US dollar down in Iraqi Centeral Bank auction
January 01, 2008
Demand for the US dollar went down in the Iraqi Central Bank’s auction on Sunday registering at $55.960 million compared to $79.040 million in the previous session. "The demand hit $14.080 million in cash and $41.880 million in money transfers outside the country, all covered by the bank at an exchange rate of 1,216 Iraqi dinars per dollar, unchanged for the 12th session in a row," according to the central bank's daily bulletin received by the independent news agency.
Lower demand for the US dollar, iraqi dinar exchange rate stable
December 27, 2007
Demand for the dollar went down in the Iraqi Central Bank’s auction for iraqi dinar on Wednesday, the first session after the holiday of the Muslim festival of Eid al-Adha, registering at $12.800 million compared to $28.390 million on the previous session.
Arab and foreign investors increase in Iraq stock market
December 19, 2007
A source in the Iraqi market for securities said the Gulf, Arab and foreign investors have so far pumped more than 16.6 billion Iraqi dinar (equivalent to 14 million dollars) in Iraq stock market since non-Iraqis were allowed to circulate in it at the end of last August.
700 billion iraqi dinars for the development of Basrah
December 19, 2007
The official spokesman for the Iraqi government, Ali Al-Dabbagh, said on Wednesday that the government has allocated 700 billion Iraqi dinars from the budget in 2008 for the reconstruction of Basrah.
Iraqi stock exchange (ISX) higher by 0.239
December 19, 2007
The Iraqi stock exchange (ISX) index rose by 0.239 percent on Thursday compared to the previous session, closing at 34.282 points. The traded shares were more than 268 Traded shares in Thursday's session exceeding (568) million at a total value of (863) million iraqi dinar (USD 707.377 million) by implementing 236 contracts.
Opening a joint Iraqi-Iranian Bank in Karbala
December 05, 2007
An official source in Karbala province said that a joint Iraqi-Iranian bank was opened on Sunday, with a capital of $30 million, to solve the problems of Iranian visitors to the holy shrines in Iraq.
550 billion iraqi dinars for the budget of Baghdad Mayoralty in 2008
December 05, 2007
"Ameen Baghdad", Sabir Al-Isawi, said on Sunday that the Cabinet allocated a current budget for the year (2008) for Baghdad Mayoralty amounting to (550) billion iraqi dinar, in addition to an income derived from the collection of fees and estimated by approximately (23) billion iraqi dinars.
Iraq Stock Exchange begins electronic trading early next year
November 19, 2007
Executive Director of the ISX said the Market will start early next year the electronic trading of stocks contributing in the Iraqi market. Taha Ahmed Abdul-Salam added that the technical teams ended the installation of devices and electronic trading programs and linkages with the global markets in preparation for the start of electronic trading of Iraqi stocks contributing in the market early next year.
Firms call for long-term investments in Iraq
November 07, 2007
Companies interested in rebuilding Iraq are upset with the low turnout at the Gulf Iraq Expo (GIX). The GIX at Bahrain International Exhibition Centre has only been a partial success due to low turnout with a number of infrastructure exhibitors dissatisfied with the event.
International expectations of economic growth in Iraq
October 28, 2007
Deputy Prime Minister, Dr. Barham Salih, said that the economic situation continues to improve and international estimates expect high rates of growth in the Iraqi economy, about 6%, and inflation was brought under control by hitting another level of about 33% this year and 16% for this month.
Purchasing two aircrafts and reopening airline between Baghdad and London
October 28, 2007
The acting Minister of Transport, Shirwan Al-Waeli, announced on Wednesday that the Cabinet had approved to the purchase of two Boeing aircraft (type 737) model (2007) at a cost exceeded one hundred million dollars, and re-start the flights between Baghdad and London soon.
Greek companies announce their intention to invest in Kurdstan
September 29, 2007
Greek commercial delegation represents many different Greek companies expressed the intention of those companies to invest in Kurdstan. This came during a meeting between representatives of a number of Greek companies, in the city of Arbil last Sunday, and Vice President of Kurdstan government, Mr. Omar Fattah.
Raising the value of the Iraqi dinar achieved more than what was expected
September 29, 2007
Zuhair Ali Akbar, director general of the Iraqi Central Bank the branch Basrah and board member of the Central Bank in Baghdad, said "the monetary policy adopted by the Iraqi Central Bank to deal with inflation and remove the lingering effects of the monetary policy of the former regime, and to contain its negative consequences, made a lot of results which exceeded what was planned for.
Iraq inflation down to 17% in July
September 06, 2007
Iraq's core rate of inflation has been driven down by monetary policy and the central bank is ready to take further action if needed, Iraq Central Bank governor Sinan Al-Shabibi said on Saturday.
Iraqi stocks gaining momentum
September 06, 2007
The Iraq Stock Exchange (ISX) is performing "not too badly," gaining 12 to 15 per cent since the beginning of August, which amounts to 0.5 per cent to one per cent a day, said Rand Michael Holtz, operations director of the recently established Iraq Fund LLC, at a conference in Dubai last week.
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