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Economics/Buisness
Middle East Economic and Business News.
Issawi: Baghdad Secretariat share in Iraq 2012 budget below expectations
Baghdad Secretary Saber Al Issawi announced, on Thursday, that Baghdad Secretariat’s share in 2012’s budget isn’t at the level of ambitions arguing that these allocations are half Basra’s budget this year. During past years, Baghdad Secretariat has been financing its projects from extra ...
Central Bank of Iraq raises the value of Iraqi Dinar
Central Bank of Iraq announced, on Thursday, that it revaluated Iraqi Dinar 3.4% in exchange with Dollar. This decision will affect the exchange rate of Iraqi Dinar against US dollar in Iraqi markets, Central Bank stressed.
“During his daily auction of foreign currencies’ exchange, Central ...
Central Bank of Iraq Foreign currency reserves increase to 60 billion dollars
Central Bank of Iraq (CBI) announced on Thursday that, for the first time in Iraqi history, its foreign currency reserves increased to 60 billion dollars. The bank can curb inflation in the event it reaches two decimal ranks, CBI revealed considering that current levels of inflation don’t raise ...
Nujaifi: 2012 financial budget lacks services related projects
Iraqi Parliament Speaker Osama Al Nujaifi criticized, on Monday, the financial budget of 2012 for it lacks services related projects. The budget witnessed an increase in operating costs at the expense of investment costs, Nujaifi pointed up.
“Federal budget of 2012 was characterized by an ...
Trade exchange between Washington and Baghdad estimated at around 15 billion Dollars per year
Iraqi embassy in the US announced, on Tuesday, that the trade exchange rate between Iraq and the US is estimated at around 15 billion Dollars per year. Iraqi Prime Minister Nuri Al Maliki, who is currently in Washington, will participate in the Chamber of Commerce seminar in the presence of more ...
Basra Gas will provide Iraq with more than 31 billion dollars
Iraq Ministry of Oil stressed on Monday that Basra gas project will provide Iraq with 31.157 billion dollars as direct income, and pointed that its project to produce more than 3 million barrels per day and to export 2.6 million thereof in the upcoming period was completed.
Basra gas project in ...
Maliki: Many countries agree to executing projects in Iraq upon deferred payment plan
Iraqi Prime Minister Nuri Al Maliki announced on Wednesday, that 2012 monetary budget will be referred to the parliament soon. Many countries agreed upon executing projects according to a deferred payment plan, Maliki revealed calling provinces to invest in private as well as foreign ...
