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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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    Iraq is witnessing significant economic events during the year 2017

    Rocky
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    Iraq is witnessing significant economic events during the year 2017 Empty Iraq is witnessing significant economic events during the year 2017

    Post by Rocky Sat 30 Dec 2017, 8:55 am

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    2017/12/30 14:40

    (Encyclopedia of this day , news | [You must be registered and logged in to see this link.] ) -
    Economy News Baghdad:


    The economic events witnessed by Iraq during the current year, but remain three prominent events are the opening of the Saudi Arabia, which represents the participation of many companies in Baghdad and Basra, and cut trade relations with the Kurdistan region through the closure of border crossings with Turkey and Iran and the signing of Iraq and France contract for the construction of the Baghdad Metro project And Basra.



    The trade movement did not differ from the previous year, as the markets witnessed stability with inflation remaining at 2%, in addition to the fact that the domestic industry has not been activated to counter random imports.



    In the year 2017, the Iraqi banking sector is considered the most active, as it began the project to settle the salaries of the state employees of about 4 million people in 15 banks, and the Central Bank has taken a new policy was open to foreign banks as the Security Council hosted the Governor of the Central Bank on the links to discuss the subject Laundering and combating terrorism as well as organizing the Association of Private Banks for a banking conference in Washington to open new horizons with correspondent banks and meet with the IMF and the World Bank in addition to the US Treasury.



    The Iraqi Trade Bank opened a representative office in Dubai and completed the opening of a branch in Saudi Arabia to improve trade between the two countries. Two private banks want to open two branches in Saudi Arabia.


    And the granting of a number of private banks and one government bank of 8 billion dinars for the rehabilitation of 21 yards in Baghdad and began work, which will end in the next six months.



    In the transport sector, the Iraqi airspace witnessed the passage of a large number of aircraft, namely the UAE aviation, which allowed passage through the Iraqi airspace as a result of the security improvement. the world.



    In the ground transport, the French company "Alstom" signed a memorandum of understanding with Iraq to establish a suspended metro line in Baghdad, and two lines in Basra in the south of the country. 

    The agreements were signed during the meeting of the Council of Iraqi-French Affairs, in the presence of the French Minister of State for Foreign Affairs Jean-Baptiste Limoin and 23 French companies. 

    The project aims to reduce the traffic crisis in Baghdad and Basra.


    "Over the next five years, a 20-kilometer-long metro will be built in Baghdad," said Mark Grost, the company's director in Iraq. "The equipment will be provided to carry out the railways and engineering works that will be launched from Mustansiriya (east) to the old Muthanna airport" in western Baghdad.


    The cost of this work is expected to be between $ 2.1 billion and $ 2.5 billion, ensuring the connection of the two sides of Baghdad through the Sarafiya bridge in 2023.


    In the oil sector, Iraq and Kuwait agreed to export 50 cubic meters per day of associated gas to gradually increase to 200 cubic meters per day. The Ministry of Oil also decided to set up a pipeline to export oil to Turkey, parallel to the old line. Shell revealed the withdrawal from the Majnoon oilfield, To produce gas.



    The Iraqi economic convergence in the field of oil after several visits to the Saudi Oil Minister to Baghdad to raise the price of the price of a barrel of oil to 66.52 dollars a barrel.


    Baghdad has witnessed the Baghdad International Fair, which participated for the first time 60 Saudi companies and was also decided to open the border crossings between Iraq and Saudi Arabia.










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