Category: United Arab Emirates

Iraq looks to settle debt with Jordan and Egypt; Arab countries hold firm on debt owed, despite huge reductions by China, Russia, and Japan

On October 23, 2013 According to press sources Jordanian, on Wednesday, the Iraqi government has authorized the Iraqi Minister of Finance and the Governor of the Central Bank of negotiation and debt settlement Jordanian and Egyptian on Iraq, according to an agreement, “the Paris Club.”

The exclusion of 12 banks waged daily currency auction; Experts warned of the acquisition by banking companies

varied views of specialists in economic affairs around the central bank’s decision excluding 12 out of 32 banks waged from the auction currency for not achieving increased their capital to 250 billion dinars within the period set by the Bank For those banks, regarding an economist believes that this decision will impact on the reputation of banks, both domestic and external.

The exclusion of 12 banks waged daily currency auction; Experts warned of the acquisition by banking companies

varied views of specialists in economic affairs around the central bank’s decision excluding 12 out of 32 banks waged from the auction currency for not achieving increased their capital to 250 billion dinars within the period set by the Bank For those banks, regarding an economist believes that this decision will impact on the reputation of banks, both domestic and external.

Investment agreements pave the way for Iraq’s accession to the World Trade Organization, says economist

counting Economists investment agreements and economic signed by Iraq with the countries of the world one of the important steps that pave the way for Iraq’s accession to the World Trade Organization because it is considered a first step towards collective bargaining.

Deputy: Iraq ranks fourth globally in terms of oil reserves by more than 140 billion barrels

Baghdad (newsletter). Vice-Chairman of the Committee, said the Deputy of the Kurdistan blocs Coalition/Ahmed Faizullah, Neil Iraq ranked fourth on the world level in terms of its known oil reserves, with more than 140 billion barrels, and the proportion (11%), to the third place after exploring new oil fields.

Iraq ranks 6th in the number of wealthy in the Middle East

Baghdad / Mesalla: the company issued (Wealth – X), specialized in the various information and details for the world’s rich and the distribution of wealth around the world, the 2013 report on the distribution of the world’s rich and their fortunes in the five continents.

Federal Reserve Holdings and Oil Exports are the biggest factor for IQD exchange rate

Iraqi financial expert stated that the value of Iraq’s Federal Reserve currently amounts to about $80 billion, following the recent increase in the country’s oil exports. Nevertheless, no information was made available by the Central Bank of Iraq (CBI) to this effect.

Citigroup gets approval from CBI; Will opens first Citibank branch Monday

Citigroup, Bank announced Citigroup Alamerreqi the banking services, on Monday, to open an office in Baghdad to become the first U.S. bank to expand its services to include Iraq, betting in this his move on the long-term economic opportunities in the oil-rich country.