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  • guardian's Avatar
    Today, 09:15 AM
    Governor of the Central Bank of Iraq: We plan to delete zeros from the local currency By Rodao 17/9/2018 10444 views Different categories of Iraqi currency Roudao - Erbil The governor of the Central Bank, Ali Alaak, on Monday, the existence of a plan to delete zeros from the local currency, noting that "this plan needs to deliberate steps, so as not to be exploited in the fraud. Al-Alak said in a statement to the official Sabah newspaper that "currencies with small categories, may lead the citizen to bid farewell to banks in the difficulty of storage." He added that "the central bank has a future plan to restructure the Iraqi currency, including the deletion of zeros, but this plan needs to deliberate steps, and a stable situation in order not to be exploited in the work of fraud and others." He explained that "the Central Bank has a reserve of foreign currency very comfortable, approaching close to $ 60 billion, compared to 43 trillion dinars, which means that it covers 170 percent of the size of the mass of cash." On the launch of the currency of the category of 100 thousand dinars, the central bank governor pointed out that "these ideas are traded by the Central Bank, but at the present time regret it." The central bank introduced in April a project to delete three zeros from the currency, in order to confront inflation and stimulate the economy, but was forced to stop because of the deterioration of the security and political situation in the country "to prevent manipulation and fraud of weak souls." http://translate.google.com/translate?hl=en&sl=auto&tl=en&u=http%3A%2F%2Fwww.rudaw.net%2Fmobile%2Farabic%2Fbusiness%2F170920181
    0 replies | 9 view(s)
  • harry's Avatar
    Today, 08:20 AM
    The Speaker of the Parliament sets a deadline for the election of the President of the Republic 9/25/2018 The President of Parliament Mohamed Halboussi, on Tuesday, set a deadline for the election of the President of the Republic. A parliamentary source told the Press: "The Speaker of the Parliament, during its meeting currently held, on the second of next October, a deadline for the selection of the President of the Republic." On Tuesday, the House of Representatives held its second session under the chairmanship of Parliament Speaker Mohamed Halboussi. http://glgamesh.com/archives/11295
    0 replies | 12 view(s)
  • harry's Avatar
    Today, 08:13 AM
    In one month .. Iraq is achieving oil revenues more than 7 billion dollars 9/25/2018 Iraq's exports of crude oil rose last August to 111.61 million barrels, with revenues of $ 7.74 billion, according to a final statistic for the "Sumo Oil". A spokesman for the Ministry of Oil Assem Jihad in a statement obtained by the agency a copy of it, "the average price per barrel was 69.651 dollars." Jihad added that "the exported quantities were loaded by 37 international companies, from the ports of Basra and Khor al-Amaya, and the single buoys on the Gulf." He added that "the quantities of oil exported from the oil fields in central and southern Iraq only, and did not register the fields of Kirkuk any oil exports." Iraq's exports of crude oil amounted to 109.86 million barrels, with revenues amounted to 7.53 billion dollars last Julyhttp://www.knoozmedia.com/362357/%D8%AE%D9%84%D8%A7%D9%84-%D8%B4%D9%87%D8%B1-%D9%88%D8%A7%D8%AD%D8%AF-%D8%A7%D9%84%D8%B9%D8%B1%D8%A7%D9%82-%D9%8A%D8%AD%D9%82%D9%82-%D8%A5%D9%8A%D8%B1%D8%A7%D8%AF%D8%A7%D8%AA-%D9%86%D9%81%D8%B7%D9%8A/
    0 replies | 18 view(s)
  • harry's Avatar
    Today, 08:09 AM
    The Cabinet approves recommendations for the development of the Iraqi economy, most notably the establishment of an investment incubator 9/25/2018 The head of Basra Investment Authority Ali Jasab said on Tuesday that the Cabinet approved recommendations for the development of the Iraqi economy, most notably the establishment of an investment incubator. "A set of recommendations was approved by the Council of Ministers at its thirty-third regular session held at the end of last August, which aims to address the challenges facing the investment environment in Iraq," Jasab said in a statement obtained by the media agency. He added that "the recommendations received from the General Secretariat included several aspects, including the revitalization of administrative procedures for investment operations and facilitate through a set of points, notably the establishment of an investment incubator with certain powers, while the second axis included a set of recommendations for customs tariffs, the other axes summarized in facilitating the granting of features Government Involvement and Contracts and Tax File and Partnership with the Private Sector http://www.knoozmedia.com/362363/%D9%85%D8%AC%D9%84%D8%B3-%D8%A7%D9%84%D9%88%D8%B2%D8%B1%D8%A7%D8%A1-%D9%8A%D9%82%D8%B1-%D8%AA%D9%88%D8%B5%D9%8A%D8%A7%D8%AA-%D9%84%D8%AA%D9%86%D9%85%D9%8A%D8%A9-%D8%A7%D9%84%D8%A7%D9%82%D8%AA%D8%B5/
    0 replies | 17 view(s)
  • harry's Avatar
    Today, 07:55 AM
    Siemens is preparing a plan to end the "electricity crisis" in Iraq 9/25/2018 German energy company Siemens has prepared a plan to end Iraq's power crisis by generating 11,000 megawatts. "The company and the German government are working hard to contribute to the development of the electricity sector in Iraq," said Kaiser Siemens, Germany's president. "The company is working to complete the plans for the development of this sector. He added in statements to «morning» after meeting with Prime Minister d. Haidar Al-Abbadi said that "the company provided integrated solutions to the reality of the advancement of the electricity sector through short, medium and long-term plans. " In turn, the company's chief executive in Iraq, Musab al-Khatib, said that "the company has provided a road map for Iraq aimed at promoting the energy sector designed to meet the objectives of reconstruction of Iraq and support the requirements of economic development." "The company is ready to support Iraq's generating capacity with 11 thousand megawatts in order to provide 23 million Iraqi citizens with electricity, pointing out that this plan would increase Iraq's capacity to generate electricity by up to 50 percent." Prime Minister Haider al-Abadi discussed with Siemens CEO the immediate improvements in supplying Iraq with electricity and the road map to develop the future of Iraq. http://www.alsabaah.iq/ArticleShow.aspx?ID=163658
    0 replies | 11 view(s)
  • harry's Avatar
    Today, 07:45 AM
    Iraq's economy expected to rise 4 percent in 2019 9/25/2018 Baghdad / Follow-up morning A recent report issued by the Arab Monetary Fund, that there are many factors that are expected to affect the prospects for economic growth in Iraq beginning in 2019, the most important of which continues to improve the internal conditions, which enhances the levels of economic activity in the non-oil sector, While the oil sector will benefit from the expected increase in production quantities beginning next year, which will enable commitment to future development projects of international oil fields . Growth rates between the report seen by the "morning" that the Iraqi economy is expected to achieve a growth rate of 1 percent this year and the next year to a range of 4 percent, supported by increases in oil production and the pace of improvement of internal conditions. The general level of prices rose by 0.7 percent during the month of May compared to the same month of the previous year due to high prices of tobacco, clothing, footwear, health, transportation, education and miscellaneous goods and services. Inflation expectations for inflation forecasts for 2018 and 2019 are expected to reach 1.7 percent and 1.8 percent in 2019. "The year 2018 is expected to end with an inflation rate of 3 percent, while declining in 2019 To 1 percent in the GCC. " As for inflation expectations in the Arab countries during 2018 and 2019, the general price level is expected to be affected by several internal and external factors. At the internal level of the Arab countries, the inflation rate is expected to be affected by high aggregate demand levels and by the continued action taken by some countries to reform the support systems. Taxes and fees , the report added that the inflation rates in the Arab countries is affected by the imposition of taxes and raise government fees, as well as commodity imports, is also affected by some bullish trends in oil prices since the beginning of the year 2018. The oil markets have seen significant gains during the first half of this year, which ended The mid-term basket rose by $ 18.2, compared with the average price recorded in the first half of 2017, up 36.3 percent. The price of oil at the end of June 2018 to 72.22 dollars a barrel, which represents the highest level of oil prices in 3 years ago. The inflation rate is expected to be about 11.4 percent in 2018; inflation in Arab countries is likely to decline in 2019 to 8.3 percent. Oil exporters In detail, for Arab oil exporters, inflation is expected to reach 7.6 percent in 2018, from 5.7 percent in 2017. In the 2019 forecast, inflation is likely to reach about 6 percent in that group. Saudi Arabia ended the first half of 2018 with an inflation rate of 2.9 percent as a result of the introduction of VAT and the reform of energy products prices. The Arab Monetary Fund is expected to reach 2.9 percent by the end of this year as a result of curbing inflation following a number of simultaneous economic reforms with the tax and oil prices. In the UAE, inflation is expected to reach 3.5 percent in 2018 due to value added tax and selectivity, compared with a drop of 2.5 percent next year. Kuwait is expected to witness inflation of 3.1 percent by the end of this year, to reach 2.5 percent in 2019 . In Bahrain, the inflation rate is expected to reach 2.2 percent by the end of 2018 and by 3.5 percent by 2019. The report focuses on rising inflation in Bahrain as a result of government measures due to the current economic crisis in Bahrain, as well as selective taxation and value added. In Oman, inflation is expected to reach 2 percent by the end of 2018. However, it is likely to rise to 3 percent by 2019 as a result of government policies to lower levels of support in society. http://www.alsabaah.iq/ArticleShow.aspx?ID=163639
    0 replies | 15 view(s)
  • harry's Avatar
    Today, 07:36 AM
    good morning to all ds i pray that everyone will have a blessed day and enjoy its. Tudor the tress here is dropping their leaves some so its getting close to cooler temps. we all are waiting for its to happen. and the news from iraq is slow.
    625 replies | 32116 view(s)
  • tudor's Avatar
    Yesterday, 09:36 PM
    Evening all. Seems Iraq can't get their stuff together and get this done for them and us. Sure do hope they figure it out before much longer. Tired of Iraq being a part of my daily life. But I am hanging in just like the rest of you. Fall is now here, temps are supposed to drop but we are in for 80* temps in a couple days after this cooler, comfier low 70's lol. I guess this is a year of great fluctuation in temps for here. You all have a great week!
    625 replies | 32116 view(s)
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