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Tag: Muhammad Saleh

Electronic Payment System is essential for Economic Reforms and to fight against Corruption

Electronic Payment System is essential for Economic Reforms and to fight against Corruption

The Iraqi Prime Minister stressed the importance of e-transactions and the electronic payment systems in his speech. A number of specialists and economists realized that the endorsement of advanced technology is an essential element to be the seed of economic reform. The Iraqi PM renewed calls to face corruption in a real and perfect acceptance of advanced technology being used internationally. They adopted locally with support from competent companies and interacted with the public. The electronic payment system must be…

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Continuous Rise in the Oil Prices Would Support Iraqi Budget 2018: Saleh

Continuous Rise in the Oil Prices Would Support Iraqi Budget 2018: Saleh

On Sunday, the financial adviser to the Iraqi Prime Minister, Muhammad Saleh issued a statement that a continuous increase in the global oil prices would compensate Iraq for its massive loss during last 4 years. Saleh said in his statement that oil prices experiencing a continuous rise in the global oil markets and it would handsomely compensate a major portion of Iraqi federal budget. Point to be noted that Iraq experienced most critical condition during last 4 years due to…

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Why Participation of Kurdistan is Essential for Iraq? Muhammad Saleh

Why Participation of Kurdistan is Essential for Iraq? Muhammad Saleh

The economic adviser to the Iraqi Prime Minister Haider Al-Abadi, Muhammad Saleh has confirmed the oil agreement between Baghdad and Erbil. He added that both sides need a significant amount of understanding in finding handsome solutions. He said that Iraqi sources of oil revenues should be included by the Kurdistan regional government in the Iraqi federal budget. He pointed out that it would secure the Iraqi federal government regarding salaries of State employees and favor of social welfare salaries. Saleh…

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Iraq will get 3 Billion U.S Dollars from International Funding: Muhammad Saleh

Iraq will get 3 Billion U.S Dollars from International Funding: Muhammad Saleh

The adviser of Financial Affairs to the Iraqi Prime Minister, Muhammad Saleh issued a statement that Iraq can obtain 3 billion U.S dollars from International funding sources. He added in his statement that it will be based on the Iraqi general budget of the Federal Act 2017. Point to be noted that there are a number of different external funding sources in order to get expected international loans from various sources. It might reach at more than 3 billion U.S…

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The IMF & World Bank have Agreed in Resuming Lending to Iraq: Muhammad Saleh

The IMF & World Bank have Agreed in Resuming Lending to Iraq: Muhammad Saleh

The Economic Adviser to the Iraqi Prime Minister, Muhammad Saleh has announced to continue his meeting discussions with the International Monetary Fund in order to make a review of credit agreement because it will provide a loan of 5.4 billion U.S dollars. A number of Iraqi news media outlets quoted the statements of Saleh regarding the launch of a portion of loan estimated at 840 million U.S dollars by the next June. The statement indicated that a delegation of Iraqi…

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Islamic Banking Act Will Restore The Banking System in The Country: Saleh

Islamic Banking Act Will Restore The Banking System in The Country: Saleh

Iraqi Dinar 123 News:–  On Sunday, the Iraqi Prime Minister’s Economic Advisor Muhammad Saleh issued a statement that guidelines of Islamic Banking Act would add a new life in Iraqi banking operations. He also pointed out that all these Islamic banks still operating without specific legal regulations over the past several years. Saleh further added in his press statement that Islamic banking is based on genuineness for Halaal and Hraam. It also disallows exploitation and it scrutinizes the right profit…

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Gold Import Decline is a Proof of Dinar Strength: Abadi

Gold Import Decline is a Proof of Dinar Strength: Abadi

On Monday, the Economic Adviser to the Iraqi Prime Minister Muhammad Saleh issued a stated in an interview that the Iraqi imports of gold products have been reached more than 70 tons. It is also added that a continuous downfall in the gold prices increasing the Iraqi dinar currency strength. Muhammad Saleh further added that Iraq is importing a large amount of gold per year and it is estimated between 60 to 70 tons. He further added that Iraqi dinar…

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Iraqi Economy is Strong and No Way of Inflation in the Country: Muhammad Saleh

Iraqi Economy is Strong and No Way of Inflation in the Country: Muhammad Saleh

On Tuesday, the Economic Adviser to the Iraqi Prime Minister Muhammad Saleh issued a press statement that some economic experts are distrustful regarding the Iraqi market. Point to be noted that the Iraqi domestic market is fluctuating and it seems normal. Iraq has suffered from a major downfall in the global oil prices but not suffered by inflation. Muhammad Saleh said in his press statement that there is a major difference between the price of Iraqi Central Bank and Iraqi…

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