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Category: Iraqi Private Sector

A Commercial Guide launched by Deloitte about Taxes in Iraq

A Commercial Guide launched by Deloitte about Taxes in Iraq

The “Deloitte” has been considered a largest professional services company in the world, based in the United States. The company has issued a trade guide to recognize the tax situation in Iraq. The trade guide has pointed out that Iraqi authorities haven’t yet implemented the self-evaluation in the tax system and continuing the process badly affected by a review of the tax return request submission. The Saudi Arabian newspaper “Life” also indicated that the “Deloitte” has announced a new report…

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Why the World Bank decreased Financial Support for Iraq?

Why the World Bank decreased Financial Support for Iraq?

The Iraqi government is looking to implement the national reconciliation project in the country. This step will be taken due to the conditions imposed by the World Bank for providing financial support for Iraq. It has been interpreted by the financial specialists and observers regarding the retreatment by the financial support by the World Bank in the light of current financial crisis in the country and an increase in the federal budget deficit for the current year. This situation is…

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Iraq is now Secure for International Investment: Economic Experts

Iraq is now Secure for International Investment: Economic Experts

The role of Iraqi private sector in the Iraqi economic process should be more realistic. The current situation in the country needs to prove their worth by improving credit rating from the institutions and private sector companies. The government departments and all ministries should give a clear picture of investment opportunities, especially in the reconstruction fields in the liberated areas. A famous economic expert Lubna Al-Shammari said that credit rating of Iraq has its own importance. Iraqi government should confirm…

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The Iraqi Central Bank issued New Instructions for Iraqi Private Banks

The Iraqi Central Bank issued New Instructions for Iraqi Private Banks

The Iraqi Private Banks Association issued a statement that the Iraqi Central Bank has forwarded new instructions to manage & control the selling process of the U.S dollars to cover the imports of the Iraqi private sector. The statement of private banks association indicated that the Central Bank of Iraq has issued new instructions to handle the sales transactions of the U.S dollars in order to cover the Imports of Iraqi private sector. It was also said that these instructions…

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Amazing Growth of Iraqi Private Banks in 2016

Amazing Growth of Iraqi Private Banks in 2016

The Iraqi Private Banks Association issued a statement on Monday regarding the achievements of Iraqi private banks operating in the country. The statement indicated that Iraqi private banks are operating with the capital of more than 8 trillion Iraqi dinars. This amount shows an increase of 15% as compared to the last year’s growth. It was also said that Iraqi private banks are covering at least 78% of the entire banking sector in Iraq. The executive director of the private…

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New Iraqi Bonds will be issued from 14th August for Contractors: CBI

New Iraqi Bonds will be issued from 14th August for Contractors: CBI

On Thursday, the Iraqi Central Bank announced the start for releasing the bonds for qualified contractors. The Central Bank of Iraq has issued a press statement that CBI has started issuance of bonds in order to pay dues to eligible contractors. The statement further added that the names of those contractors will be published on the official website www.cbi.iq of Iraqi Central Bank. These bonds will be issued from the 14th August 2016. The CBI called the eligible contractors to…

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Climate Conversion is Not Going to be an Isolation in Development: Zebari

Climate Conversion is Not Going to be an Isolation in Development: Zebari

Iraqi Dinar 123 News:– Hoshyar Zebari, the Finance Minister of Iraq issued a statement that Iraqi point of view on the subject of transformation of climate change in the world is that there would not any massive change in the segregation from the change of widespread and maintainable development and the importance to help the oil-producing countries in managing the greenhouse production and in finding settlement between Khvzaa and the necessities in the development and economic production. The Iraqi government…

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Iraq Should Take Major Steps to Manage Economic Crisis: IMF

Iraq Should Take Major Steps to Manage Economic Crisis: IMF

The Iraqi economy is mainly dependent on the growth of Iraqi oil production. The growth rate of Iraqi oil exports has been increased and it is showing an image of the available opportunities towards the development of Iraqi economy. Iraqi economy is improving significantly and most of the economic experts predicted that Iraqi economy would get a place in the list of global economies very soon. The Head of IMF mission Mr. Sider Alevic said in an interview pointing out…

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