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mike alfred

Parliament is Approving Budget bill 2014 - 0 views

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    The representatives of the house is approving budget 2014 in the next few days even without the participation of Kurdistan. One of the noted Member of Parliament said that parliament is approving budget 2014 so that it may not be a black spot in the parliament history of Iraq. Few days ago, parliament of Iraq decided to postpone annual; budget 2014 to 2015 when Kurdistan boycotted the budget meetings.
mike alfred

New Budget Approval is Expected Within Next 10 Days - 0 views

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    It is going to be helpful in the management of the budget with the interest taken by the Prime minister in the issue. Iraq has been facing financial issue since long; they have been handling the issue of the budget for the present year which has not been approved after many efforts.
mike alfred

The Budget of Iraq Will Not Approve This Year - 0 views

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    The political leader and the MP for the coalition of state law, Abdul Salam Al Maliki said that looking present political environment of the country, it is difficult to say that the budget of Iraq will be approved in 2014. There is a deadlock on the both sides and no one is ready to compromise on the conflicted issues.
mike alfred

Iraq Should Not Wait For The Formation of New Parliament - 0 views

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    Mass Hakim warned government of Iraq for the delay in annual budget. He said in his statement that Iraq need not to wait for the formation of new parliament for approval of annual budget of Iraq. They need to approve budget and not wait more because things are becoming worst with every passing day in the country.
mike alfred

New Deposit Insurance Act Approved - 0 views

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    During the banking conference held in Baghdad the Deposit Insurance Act was approved. It was seen that most people find it hard to invest their savings with banks due to the unstable conditions of Iraq. Iraq has been unstable socially, economically, politically and financially since long. The security issues of the country have also been a big cause to different things.
mike alfred

Guru Mark's Expectations About RV - 0 views

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    It is not too much timing taking job because both of regions want to negotiate and want to resolve this issue. Therefore they are ready to finish the deadlock. Kurdistan knows that approval of budget is so crucial for both of the regions this is pending approval due to boycotted of Kurdistan of every budgetary meeting in Iraq.
mike alfred

The Financial Laws are Major Hurdle in RV Procedure: Poppy3 - 0 views

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    Iraqi Dinar 123 News :- Poppy believes that the revaluation process cannot be completed without final completion and approval of financial laws. Financial laws are in the parliament in the prescribed form for the final approval. All the ministries of Iraq will have to vote in writing in the favor of these financial laws.
mike alfred

Iraq Won't Seek Renewal of US Protection to its Funds - 0 views

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    Many other security companies from different countries of the world wished to win this contract in the last two months. But Iraq was willing to renew this contract with United States Of America Company. One of the finance committee member informed that the contract is almost in the final stages for approval. Suddenly the news for cancellation of contract between Baghdad and Washington is surprising as the contract was almost approved by Iraq parliament.
mike alfred

Economy of Iraq After General Elections 2014 - 0 views

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    People of Iraq are waiting for election results 2014. The international companies operating in Iraq are also waiting for election results because they are expecting the budget approval after the final results. The economists are expecting some positive changes in the economy of Iraq after declaration of budget. Approval of budget means resolving the issues between Baghdad and Erbil.
mike alfred

Revaluation Can Happen Before June 2014 - 0 views

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    Iraq is looking to develop consensus with Kurdistan to approve annual budget because budget cannot be approved without cooperation of Kurdistan. The new ambassador of United States of America for affairs of Iraq will meet Noor Al Maliki by 25th May to discuss the present economic and political condition of Iraq. The Kurdistan and Iraq conflict will be at the top of the list in the discussion.
mike alfred

500% Increase in Rasheed Bank Capital - 0 views

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    Iraqi Dinar 123 News:- The General Secretariat of the Council of Ministers announced that they are approving the capital of Rasheed Bank of Iraq from 50 billion dinar to 250 billion according to company Act 22 of 1997. The bank received massive investment from foreign investors in the country in last one year.
mike alfred

Delay in Budget Approval Has Financial Benefits For The Govt. - 0 views

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    According to analysts it has been reported that the economists in Baghdad said that if the budget announcement is delayed in Iraq it would prove favorable for the economy of Iraq. The developmental projects of the country would be delayed due to no financial assistance but the accumulation would lead to a financial benefit.
mike alfred

Fears of increasing the Iraqi federal budget - 0 views

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    The government will be torn where will face two problems at one time two delay in approving the budget in the House of Representatives and how to bridge the deficit, which will create cover the costs of retirees and prisoners Rafha and amounts of petro-five dollars.
mike alfred

Delay in Budget And Its Impact on Dinar Exchange Rate - 0 views

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    Iraq and Kurdistan could not create consensus between each other on the oil policy and as a result annual budget of Iraq is pending approval. The value of US dollar decreased in the last two days against Iraqi dinar and it is all due to positive policies of central bank of Iraq.
mike alfred

New Parliament Seating With New Challenges - 0 views

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    The new parliament of Iraq is seating at 15th of June 2014 in the parliament house to decide the prime minister of Iraq. Hopefully Noor Al Maliki is the new prime minister of Iraq again. Unfortunately, parliament of Iraq will not be able to approve budget of Iraq for 2104 because Kurdistan regional government is not participating in the budget meeting.
mike alfred

Baghdad Erbil Conflict And Economy of Iraq - 0 views

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    The oil conflict between Iraq and Kurdistan has reached at a serious stage where both of the regions have taken stand on their own conditions to resolve this matter. Kurdistan decided to boycott all parliamentary sessions and meetings for discussions and approval of the annual budget of Iraq, until new rules and regulations for oil and gas.
mike alfred

US Started Efforts to Resolve The Oil Dispute bt Baghdad & Erbil - 0 views

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    United States of America sent a delegation to the Kurdistan to discuss the things to resolve the issue between Kurdistan and Iraq. The oil dispute between both of the regions is the major cause for non approval of the annual budget of Iraq.
mike alfred

Kurdistan Printing New Currency to Secede from Iraq - 0 views

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    It will be a clear sign of secede from Iraq that will also destroy the political environment of the country and will impact the economy of Iraq adversely. The decision is pending approval in the parliament of Kurdistan and the voting is required for this change to be happened. The economy of Iraq, especially the economy of Kurdistan will have to bear a huge loss, if the things remained in the practice for a longer period of time.
mike alfred

WB Calls on Government to Change CBI Policy - 0 views

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    The CBI is going to change the monetary policy of the country according to ongoing circumstances of Iraq. What are the changes that central bank of Iraq want to make in the country is not clear and stated publicly. One of the CBI official told that these changes will be according to present economic conditions of the country and will be launched after approval of World Bank and IMF.
mike alfred

More Confusion on Iraq's General Budget - 0 views

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    The general budget of Iraq is always declared in the month of October every year. Unfortunately the budget is declared in Iraq often late in the country that caused many of the issues in the country. The unstable political situation of Iraq was always a big hurdle for approval of the budget. The conflict of Iraq and Kurdistan is the major cause of the delay of the Iraq general budget every year.
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