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Tag: iraqi economy

Economic Mobility Is Easy to Adjust With a Realistic Budget

Economic Mobility Is Easy to Adjust With a Realistic Budget

Iraqi Dinar 123 News:– The Iraqi 95 percent economic system is dependent on its oil and new Iraqi budget should be prepared according to the oil price situation and export ability of the country. The Iraqi government needs other income resources and should focus on non-oil sectors in order to enhance the national wealth and boost up its economy. So, keep in mind all these factors and adopt some positive strategies prior to finalize the next year’s budget 2016. It…

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International Credit Rating Agency said Iraqi Economic Policy is Unsatisfactory

International Credit Rating Agency said Iraqi Economic Policy is Unsatisfactory

Iraqi Dinar 123 News:– The International Rating agency ‘Fitch Ratings’ has started to cover the grouping for Iraq as stable outlook with ‘B-‘category. It is pointed out that most of the issues are at highest level of risk including instability in Iraqi political condition and Iraqi security situation among most of the countries classified by the Fitch Ratings Agency. It is also said by the experts of Fitch Ratings Agency that expected budget deficit have been increased and doubled for…

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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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International Support for Water Development Industry

International Support for Water Development Industry

The International Finance Corporation and the French Agency for Development are members of the World Bank group and they have provided a loan of 12 million U.S dollars and 8 million U.S dollars for the companies of water bottles in order to empower the production level of bottled water in Iraq. It will also participate in the Iraqi private sector to motivate the investors in non-oil sector development in Iraq. This is a long-term based loan and it would provide…

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Companies Looking More Suitable Environment for Investment in Iraq

Companies Looking More Suitable Environment for Investment in Iraq

Economic Experts warned that the provisional stoppage of tax would be a stronger benefit for tax elusion. It would also allow engaging the taxable projects in economic cooperation with the excused in shifting profit projects using based prices of shared conversion as the payment price was fabricated evaluated with the purchased Items from the other companies. It was then rediscovered as masquerading payments and most of the companies have shown their expertise to find multiple ways in getting around the…

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Chinese Oil Company Won an Oil Drilling Contract worth $ 26 Million

Chinese Oil Company Won an Oil Drilling Contract worth $ 26 Million

A Chinese oil company has won the contract worth 26 million U.S dollars. The Chinese company Honghua Group issued a press statement that our company has won the contracts valued 26 million U.S dollars in order to drilling of two major sites in Iraq. The (Honghua Group) Chinese Global oil services further said that this contract would allow our company to provide drilling services in Iraq for two major sites with our latest drilling equipments. The Iraqi government is working…

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Iranian New Nuclear Agreement Would Reflect Positive Impact: Adviser to PM

Iranian New Nuclear Agreement Would Reflect Positive Impact: Adviser to PM

On Wednesday, the Economic Affairs Adviser to the Iraqi Prime Minister Muhammad Saleh issued a press statement that new Iranian agreement would not reflect a negative impact on the oil prices, especially when we consider about the Iraqi oil exports. Muhammad Saleh further added that after finalizing the agreement, the Iran will be able to export its oil liberally. This agreement would not reflect any impact on Iraqi oil prices. Point to be noted that the total worldwide oil production…

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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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