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Oil Investment Will Be Discussed in the Beijing Visit: Al-Abadi

Oil Investment Will Be Discussed in the Beijing Visit: Al-Abadi

Iraqi Dinar 123 News:– The Iraqi Prime Minister Haider Al-Abadi has planned a visit to Beijing. He said that our main focus will be oil and investment in the official visit and to discuss with the Chinese officials and the preparation for signing a number of agreements. He added that we have three main topics to discuss with Chinese officials during upcoming visit to China. He further explained that Iraq is looking to improve production in the oil sector, in…

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Majida Al-Tamimi Suggested $ 35 Per Barrel Oil Price for The Budget 2016

Majida Al-Tamimi Suggested $ 35 Per Barrel Oil Price for The Budget 2016

Iraqi Dinar 123 News:– A member of the Iraqi Parliamentary Finance Committee Majida Al Tamimi issued a statement that oil price for the next years’ budget 2016 will be set at 35 U.S dollars but not 45 U.S dollars per barrel. Al Tamimi also said in her statement to a news agency that a meeting was held with the Iraqi prime minister Haider Al Abadi on his special call to Heads of the blocs and Al Tamimi as the head…

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Shell Company Planning To Enhance The Expertise In The Oil Sector

Shell Company Planning To Enhance The Expertise In The Oil Sector

Iraqi Dinar 123 News:– The improvement of human resources serves as the specific investment for the huge dimension of the economic possibility of the country, particularly with the accessibility of right stuff with expertise in a number of disciplines for oil and gas sector. An economic expert said that it would be more satisfactory for all of us in order to follow international standards and in providing cutting-edge cost for this operation. Another authentic source from Shell Oil Company branch in…

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We Need to Work on Oil Alternatives to Boost the Economy: Experts

We Need to Work on Oil Alternatives to Boost the Economy: Experts

Iraqi Dinar 123 News:– The Iraqi economy and its financial and economic institutions mostly depend on the revenues of Iraqi oil export, but Iraqi government should find alternatives to overcome the problems generated by the oil crisis. The conditions of international oil markets and instability condition of demand and supply is generating a number of challenges for oil producing and oil exporting countries. The continuous downfall in the oil prices has created a number of problems of Iraqi economy to…

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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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Iraq is on Fifth in the List of 5 Largest Oil Producing Countries in the World

Iraq is on Fifth in the List of 5 Largest Oil Producing Countries in the World

The Barclays Bank issued a statement in its latest report that Venezuela is leading in the list declared by the Barclays Bank with estimated amount of more than 297.7 billion barrels. This country is a part of Latin America and 96 percent of its total exports are oil exports. The Saudi Arabia is considered at the second position and its estimated oil reserves are more than 268.4 billion barrels. Canada is at the third position and its estimated oil reserves…

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Rising Dollar Value would Reflect Negative Impact Internationally: IMF

Rising Dollar Value would Reflect Negative Impact Internationally: IMF

The International Monetary Fund (IMF) issued a warning that a massive increase in the Price of U.S dollar would reflect a negative impact on the countries that are dealing in U.S dollar currency and dealing with the United States. It would also create negative scenario on the economies of these countries. The IMF further said in its annual report that downfall in the price of crude of oil would affect and can cause a rise in the price of U.S…

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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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