As much as officials from the UAE and the Kurdistan region of Iraq, the size of UAE investments in the region of about 2.5 billion dollars, has encouraged the government of Dubai to open three offices there during the year and tours for businessmen to see the opportunities, in light of the concessions offered by the Kurdistan Regional Government to the foreign investor.
The Director General of the Chamber of Commerce and Industry (DCCI), Hamad Bu Amim, «that trade missions keeping mandated by the room to the promising markets aims to study these markets closely, and see the opportunities and benefits of investment», referring to «to select sites representative offices being after extensive studies take into account the size of the opportunities available and the potential for UAE companies ». Continue reading →
Baghdad – Mostafa Hashemi: said economic reports that Iraq could be making progress in economic development in spite of all the circumstances of being possessed fertile ground for foreign investments diversified, while reported economic researcher that there are challenges to be met by giving the private sector the opportunity to engage in the development process.
Reports indicate that there is an increase evident in the entry of foreign investment companies specialized in the field of infrastructure and concrete achievements on the ground service of the national economy is what makes foreign companies urges paced to seize the opportunities to contribute to the country’s growth and prosperity. Continue reading →
Federation of Iraqi Chambers of Commerce: the size of the exchange with Kuwait arrived two and a half per year
Tomorrow’s Press / BAGHDAD: President of the Federation of Iraqi Chambers of Commerce Jaafar al-Hamdani, on Saturday that the economic relations between Iraq and Kuwait have seen a great improvement over the last two years, pointing out that the volume of trade exchange between the two countries reached 2.5 billion dollars annually.
He said al-Hamdani from Kuwait for “tomorrow’s Press”, on the sidelines of the conclusion of the Kuwaiti Iraqi Economic Forum that “the graph of the Iraqi-Kuwaiti relations rose to witness the entry of 400 trucks a day from Kuwait to Iraq, in addition to the use of Iraqi territory for the storage of goods coming.” Continue reading →
13-01-2014 Iraqi Dinar DG Guru: Why Iraq budget 2014 is being considered as a complicated one for its stakeholders?
13-01-2014 Tampa Dinar Expert:Experts consider the budget 2014 as a complicated budget for stakeholder of the country. The major stakeholder of the country is the Kurdistan regional government. There are so many complicated conditions and clauses in the budget 2014 which Kurdistan considers against their region interest. The Kurdistan regional government is unhappy with the recent budget of Iraq. Continue reading →
Tomorrow’s Press / Baghdad confirmed the Economic Committee in the House of Representatives, on Thursday, said the government will send a general budget bill to parliament next Saturday, noting that it is estimated at 150 billion dollars, of which 60% of the operating budget and 40% of the investment deficit of between $ 20-25 billion dollars.
A member of the Economic Commission MP Khalil Mahma for “tomorrow’s Press,” “The government has informed the House that it would send the federal budget for the year 2014 on Saturday after the completion of modifications and changes in it,” he underlined that “Parliament will be in front of a national task in order to avoid all problems for the adoption of the budget as soon as possible. “
And pointed out that “the total budget amounted to 150 billion dollars of which 60% went to the operational and 40% of the investment and the inability of 20 to 25 billion dollars, and the poverty rate of 13% and inflation of 3%,” noting that “this budget not differ from its predecessors in the dependence on oil revenue by 95%. “
It is noteworthy that the Minister of Planning Ali Shukri announced in October last end the draft budget for Iraq Federal for the current year 2014, which will amount to 174 billion U.S. dollars, noting that the ministry submitted the draft to the cabinet for approval.
New York Times: Obama demands to stop arming Baghdad if Maliki abused the use of the army
01.02.2014 (0:01 pm) Translation term The New York Times on Wednesday, said Obama did what was expected and that by sending arms to Iraq in order to meet the escalating violence. But weapons alone will not solve the problem that took root in the political isolation of the Year and other other components, and undermine the political process, especially by Prime Minister Nuri al-Maliki. The newspaper said: I’ve arrived bloodshed to catastrophic levels, where he died more than 8 thousand Iraqis in 2013, including 952 members of the security forces. That was the highest level of deaths since 2008, which refutes the sayings of some administration officials who claimed that “Iraq today is less violent than at any time in modern history.” Continue reading →
Turkey: Kurdish begin pumping oil at a rate of  thousand barrels per day
Thursday, 02 January 2014 17:14
The Ministry of Energy of Turkey, the Kurdistan pumping oil to Turkey begins at a rate of  thousand barrels per day.
He said Turkish Energy Minister Taner Yildiz told a news briefing today that “the pumping of crude oil from Iraqi Kurdistan via a new pipeline to the Turkish port of Ceyhan will start at a rate of  thousand barrels per day and increase gradually to the  A”. Continue reading →
Parliamentary Finance: the withdrawal of the united Parliament will not affect the adoption of the budget
Follow-up – and babysit -
Confirmed the Parliamentary Finance Committee, said Thursday that the withdrawal of the block are united by the Council of Representatives will not affect the approval of the financial budget for the year 2014, and pointed out that the budget still exist with the government, while an eye to the reasons for delay in arriving at Parliament “unknown.” Continue reading →
Mehdi Haji: Continuing differences will lead to the postponement of parliamentary elections
02-01-2014 12:09 PM
Baghdad (news) .. Warned the Kurdistan Alliance MP Mehdi Haji, the possibility of postponing the elections if the disagreement persists and increased political tensions, and calling for political blocs to bring the views to avoid the explosion of the situation. said Haji (of the Agency news): All parties to resort to calm fear of igniting the fire of sedition that will be passed to all the provinces, calling on everyone to work on the inventory as soon as the lowest losses away from the language of escalation. Continue reading →