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mike alfred

CBI Invites JP Morgan to Open a Branch in Iraq - 0 views

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    The central bank of Iraq is aim to attract different foreign banks to open their branches in Iraq. The foreign investment will increase in Iraq if CBI succeeded in attracting large number of foreign banks in the country. Central bank of Iraq is taking radical steps to increase investment opportunities in Iraq.
mike alfred

Gold Prices Rise in The Market After Violence in Iraq - 0 views

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    Iraq is one of the biggest traders of gold in the market nowadays. Iraq focused on the international trade in gold rather than dollar or any other currency of the world. The aim is to enhance the value of its currency in the international market and to stabilize its economy. Iraq made some big deals that surprised the world in the gold. In 2014 only, the central bank of Iraq purchased more than 80 tons of the gold ingots from international market.
mike alfred

Mosul And Tikrit Are Under ISIS Control - 0 views

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    The policemen and soldiers are killed in these cities in the large number and those who survived escape in the city or ran away in the other cities of Iraq. According to report more than 4000 soldiers were killed in these cities in the counter attacks made by militants in the different areas of these cities.
mike alfred

Korean companies discover new oil reserves in Iraqi Kurdistan - 0 views

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    According to the Foundation in the news report that a joint venture to explore for oil comprising enterprise Korean oil enables the discovery of new reserves in the field Haulir in the Kurdistan region of Iraq, the hole Albanan exploration fourth in a field Haulir produced the successful 4,320 barrels of light oil daily drilling tests, which began in January last year.
mike alfred

The Right Time to Invest in Iraqi Dinar - 0 views

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    The experts have divided into two groups about Iraqi dinar revaluation. One group has strong opinion that dinar can revalue in near future. Now when that near future is expected to come relies on many factors. Other group is of the view that dinar is facing many challenges. The economy is in bad condition, the security is in bad condition and also the annual revenue is just reasonable. That's why dinar is not going to revalue at least in coming ten or more years.
mike alfred

Iraqi Stock Market Shows Optimistic Signs - 0 views

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    Despite the poor law and order situation in different major cities of Iraq, the Iraq stock exchange showed a great move in the trading in the last two days. The head of Security Commission said that the necessary measures have been taken to control any emergency situation in the country and in the stock exchange to protect the investments of local and foreign companies in the country.
mike alfred

Iraq Reserves 6th Position in Imposition of Taxes, UN - 0 views

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    Central bank opened a new office in Dubai to attract different foreign banks to find and invest in the business opportunities in the country. Furthermore, it also attracted many foreign banks to open new branches in the country. This is the results of the efforts made by central bank of Iraq that many of the reputed international banks are operating in the Baghdad and many other big cities of Iraq.
mike alfred

Inflation Rate is Rising in Iraq - 0 views

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    The inflation rate in Iraq increased in the month of May 2104 according to ministry of planning. The ministry of planning criticized the ministry of food for not taking appropriate measures to control the situation as it was prevailing because rise in the inflation is due to rise in the cost of food items in Iraq.
mike alfred

Increase in Financial Deposits in Iraqi Banks - 0 views

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    After purchase of 36 tons of gold, the worth of dinar increased in local market of Iraq. That's why the deposits in government and private bank are increasing with the every passing day. The private association executive director Abdul Aziz al Hasoon told that the volume of cash deposited has grown this year to about 70 trillion Iraqi dinars.
mike alfred

Central Bank Invites Foreign Banks in Iraq - 0 views

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    Many foreign banks are already operating in the country and number of new banks is applying for new branches on daily basis. Recently two Lebanon banks applied for new branches in Iraq and the procedure is under operation. Central bank of Iraq is trying to enhance the banking activities in the country that's why third party contract is made with different money transfer companies for the expansion of dollar trade in the country.
mike alfred

Enhance The Value of The Local Currency Transactions - 0 views

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    Said financial expert Ali Fukaiki importance of adopting measures trade in local currencies across the border for its role in facilitating the smooth flow of traffic of goods and goods across international countries that adopt this process. He added that cross-border trade in local currencies in vogue among the countries of the world, pointing to the importance of activating the measures adopted in the present time in the trade of the country.
mike alfred

Big Changes Expected in the Iraq Stock Exchange - 0 views

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    General elections of Iraq are over now. The election result is about to come. The officials of central bank of Iraq are taking keen interest in the business activities in the country. Most of the official is expecting some big changes in the money market of Iraq, especially in the stock exchange.
mike alfred

Changes Taking Place in Iraq's Finance And Banking Sector - 0 views

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    Everyone in the Iraq is looking towards results of general elections and the revaluation of Iraqi dinar but no one is paying attention on the Iraq stock exchange as it is facing some drastic changes. In the last three months, central bank of Iraq permitted fifteen Arabs and some other international banks to open their branches in the country especially in Baghdad.
mike alfred

Increased Physical Demands Put Gold Again on High in Asian Markets - 0 views

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    Most of the Asian countries have started their trade in Gold instead of other currencies since Iraq started international trade in gold. Some sources also say that Iraq is not accepting US dollars or any other currency for trade of oil and gas in the international market. Iraq is accepting gold for international trade as a currency. Actually Iraq is moving towards barter in the international trade.
mike alfred

Basra Exhibition Proved Effective to Attract Oil Investments - 0 views

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    The exhibition held in Basra was a great success. All those people who never knew that Iraq is speeding towards a better system of management are now very much interested in business in Iraq. The Basra exhibition was a great success which helped in bringing foreign business-men in the oil region. Several countries took part in the fair which was a huge success.
mike alfred

Gold Prices Reduced in The Global Market - 0 views

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    Iraqi Dinar 123 News:- After remaining at boom in the Asia and other developing countries, the oil prices decreased in the international market more than 1%. In the beginning the prices were increased in the global market due to sudden changes in Iraq when militants attacked Iraq.
mike alfred

ISIS Opens Bank Loans Damaged Currency Redemption Mosul | Iraqi Dinar News and Facts - 0 views

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    The ISIS or Islamic State in Iraq and Syria has announced that they have opened their own bank in the City of Mosul to provide loans and to compensate for mangled currency, in order to financing and to raise the business for terrorist organizations.
mike alfred

ISIS Faces Huge Casualties in Tal Afar - 0 views

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    The militants are pro active and advancing towards Baghdad so fast. In the last two days, they were 400 km far from Baghdad as they were in Mosul and in the next two days they are in Tal Afar the city near Baghdad. Reports say that militants are just 60km away from Baghdad where extreme fight is seen.
mike alfred

US Dollar Rises Against Other Major Currencies - 0 views

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    A rise in US dollar is seen in the international market against other major currencies of the world. the reason behind is the betterment in the economy in the last couple of months. US dollar went down in the market couple of months ago due to its war policies.
mike alfred

Lebanese Banks Expanding Their Activities in Iraq - 0 views

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    Lebanon banks are some of those banks who were allowed to operate in the Iraq by central bank. The Lebanon banks are expanding their business activities in Iraq and have launched a wide campaign to gain their business goals in Iraq. The central bank of Lebanon said that Iraq is offering active business opportunities in the country that Lebanon banks don't want to waste.
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