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Tag: Economic Development

Iraq discussed Reconstruction and Economic Development support with the World Bank

Iraq discussed Reconstruction and Economic Development support with the World Bank

The Iraqi Finance Minister Fuad Hussein plans to discuss future cooperation between Iraq and the World Bank according to the priorities and needs of the Iraqi government. The finance minister arrived in Washington and discussed with the President of World Bank Group, David Malabar. The ministry of finance issued a statement that they discussed the role of the Bank in supporting the plans of Iraqi government human development, sustained economic growth, reconstruction of a post-Saddam Iraq, as well as an…

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The Development in the Banking System to Provide Economic Development

The Development in the Banking System to Provide Economic Development

Iraqi Dinar 123 News:– The Iraqi banking sector is facing critical situation in Iraq that are discouraging the progress, in spite the Iraqi Central Bank has made plans to support the advancement and reactivation of the banking functions. It is also important that adopting new and latest mechanisms for the advancement of the Iraqi banking system would play an important role to support the economy of the country. A number of recommendations by the stakeholders have been received in order…

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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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Foreign Banks Arrival in Iraq to Boost The Country’s Economy

Foreign Banks Arrival in Iraq to Boost The Country’s Economy

Iraqi Dinar 123 News:– After 2003, Iraqi development moved from socialist economy into market economy and it considered as an opportunity for worldwide foreign banks to participate in Iraqi economic development and open their branches in Iraq. Most of the officials and specialists said that participation of foreign banks in the country will improve Iraqi economy and it would help in bringing foreign investment companies to participate in Iraqi development sectors. Iraqi banking system comprises 54 banks and the Iraqi…

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Arab Funds For Development

Arab Funds For Development

Iraqi Dinar 123 News:– Dr. Ibrahim Saif, the Jordan Minister of Planning and International Cooperation said that we have signed a soft loan agreement with the Arab Fund for Economic Development for the amount of 100 million dollars. He also said that this loan will be used to support very small, medium and enterprise level projects through the Iraqi Central Bank. The CBI will issue this money as a loan to the commercial banks and financing institutions. The current amount…

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Budget Approval Rebuilding World’s Confidence in Iraq

Budget Approval Rebuilding World’s Confidence in Iraq

Iraqi Dinar 123 News:– The Iraqi budget approval has been great news, it was too important in the development of economy of Iraq. It demonstrates a clear vision for a better future of Iraqi people and for the improvement of the Iraqi market. The Iraqi budget 2015 was approved in a record time when we compare with the previous year’s budgets. The Prime Minister’s advisor Dr. Muhammad Saleh issued a statement that approving the budget will improve the Iraqi local…

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Seminar to Overview Economic Development Held in Erbil

Seminar to Overview Economic Development Held in Erbil

Iraqi Dinar 123 News:– Association in Erbil organized a seminar to examine the economic development, honored banking possibility of developing banking sector and the contribution of the banking sector. Association conducted in the meeting that there is a potential of banking industry in the Iraq and the growing sector of banking can really helpful for the financial development of Iraq. This can lead to become a best possibility of the future. This will lead to the creation of the new…

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Putting Maximum Efforts to Develop Economic Ties With The Worlds: Jaafar Al Hamdani

Putting Maximum Efforts to Develop Economic Ties With The Worlds: Jaafar Al Hamdani

Iraqi Dinar 123 News:– The ongoing efforts to rebuild the economic sectors are continued and these efforts are offering the people with best parts of the services in order to achieve the goals that are the objectives of Iraqi government. The Chambers of Commerce president Jaafar Al Hamdani said in an interview that “we are building the good relationships with foreign companies this is important for us to sustain the international markets. Nowadays, there is globally downfall in the prices…

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