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Iraqi PM Met with World Bank to Support Iraqi Private Sector

Iraqi PM Met with World Bank to Support Iraqi Private Sector

The Iraqi Prime Minister Haider Al Abadi fatigued the importance in generating job opportunities in many sectors in order to take up the unemployment momentum. The strength of mind of Iraqi government is not to focus only on petroleum products, but we need to execute with new mechanisms to support the Iraqi private sector. The Iraqi Prime Minister met with the World Bank’s Regional Director Farid Belhaj and fatigued the importance of creating new jobs in a number of different…

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CBI’s Monetary Policy is Important to Develop the Production Sector

CBI’s Monetary Policy is Important to Develop the Production Sector

Adopting the monetary policy by the Iraqi Central Bank would move Iraq to empower the Iraqi production sector and using these methods implemented by the Central Bank of Iraq would enhance the economy of the country. An economic expert Karim Mustafa also issued a press statement that the rise in the U.S dollar exchange rate against the Iraqi dinar would participate in increasing the import level, which would reflect a negative impact on the capability of the Iraqi local production….

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World Bank Approved 350 million U.S Dollars for Iraq

World Bank Approved 350 million U.S Dollars for Iraq

On Saturday, The World Bank has announced that they are agreed in providing financial support worth 350 million U.S dollars in order to support the reconstruction process in Iraq. It is considered as a part of an extensive program that would be implemented for five year plan for reconstruction of infrastructure in Diyala and Salahuddin provinces. The World Bank has issued a statement that the World Bank has been approved an economic aid for Iraq of 350 million U.S dollars…

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New Oil Agreement Ready to Sign Between Baghdad and Erbil

New Oil Agreement Ready to Sign Between Baghdad and Erbil

The Wall Street Journal issued a statement that a new oil agreement is being signed in Baghdad between the Iraqi Central government and the Kurdistan Regional government after collapsing the first oil agreement. The first agreement have been rejected by the Kurdistan authorities and demanded from Baghdad to follow the agreement or sign a new oil agreement. A member of the Iraqi Finance Committee from the Kurdistan Alliance MP Ardalan Noureddin issued a statement for Wall Street that Baghdad government…

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Iraq is Improving its Negotiators Skills to Enter the World Trade Organization

Iraq is Improving its Negotiators Skills to Enter the World Trade Organization

On Tuesday, the Iraqi Trade Minister met with a U.S embassy delegation in Baghdad to discuss on the development process about the expertise of the Iraqi negotiators to join the World Trade Organization (WTO). The Trade Ministry issued a statement that the Director General of economic department and trade relations in the Ministry of Commerce Hashim Muhammad Hatem arranged a meeting today at the U.S Embassy in Baghdad with the Deputy Economic Counselor Stephen oil. They talked about relations between…

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Establishing New Islamic Banks to Increase Investment: Finance Committee

Establishing New Islamic Banks to Increase Investment: Finance Committee

On Monday, the Iraqi Parliamentary Economic and Investment Commission issued a statement that the establishing new banks would improve the investment process in Iraq. Point to be noted that the Iraqi government is ready to allow anyone who needs to establish an Islamic bank. A member of the Parliamentary Economic and Investment Commission Najiba Najib issued a press statement that increasing the number of Islamic banks would help in financing major and large-scale projects. It would also give assurance to…

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Iraq Achieved Standard Level of Oil Exports in June

Iraq Achieved Standard Level of Oil Exports in June

On Sunday, the Iraqi Oil Minister Adel Abdul Mehdi issued a statement that Iraq has crossed its standard oil export level in last month of June. It is also indicated that the next heavy launch in Basra oil destroyed the limit of quantity to maintain the Iraqi oil quality. Mehdi further added in a press statement that Iraq has destroyed its standard limit of oil in the last month of June with fifth continuous month. He also pointed out that…

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13 Foreign Companies Interested in Building Nasiriyah Airport

13 Foreign Companies Interested in Building Nasiriyah Airport

The Dhi Qar governor Yahya Nassiri issued a press statement that at least 13 foreign companies have proposed in investing to build Nasiriyah Airport. This statement issued at the time when department of water confirmed about the conventional end of the shortage of drinking water, crisis reported from some eastern and southern regions of Nasiriyah. According to that statement, this airport would be a major point of reception in the investment point of view for foreign companies that are working…

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