2007 Iraqi Dinar News : Iraqi Dinar Exchange Rate : Dinar Investment : DinarBanker.com

UNDP, Japan Bank for International Cooperation to support Iraq reconstruction

October 26, 2007

The United Nations Development Programme (UNDP) and the Japan Bank for International Cooperation (JBIC) have signed a landmark agreement for the provision of loans aimed helping reconstruction efforts in Iraq.

Finance Signs Joining Iraq with International investment

October 24, 2007

Finance minister Baqir al-Zubaidi signed on the agreement of joining Iraq to the international institution for granting investment belongs to the international bank.

Saudi investors awaits for opening embassy in Baghdad to enter Iraqi market

October 24, 2007

Saudi investors are awaiting the opening of the Saudi embassy in Baghdad in the upcoming stage to enter the Iraqi market and increase their share, while Saudi business sector is planning to open contacts with Saudi authorities to open a new border crossing with Iraq in Hafr al-Baten region, as well as reopening of Jadida Araar crossing.

Iraq signed an agreement to protect investors from arbitrary actions

October 23, 2007

Iraqi Finance Minister, Baqir Jabr Zubaidi, announced that Iraq signed an agreement on Saturday with the International Agency for Protecting Investment by which the World Bank will allocate $ 17 billion to protect investors in Iraq from any possible arbitrary action.

Sharp drop in violence in Iraq since June - ministry

October 23, 2007

Violence in Iraq has dropped by 70 percent since the end of June, when U.S. forces completed their build-up of 30,000 extra troops to stabilize the war-torn country, the Interior Ministry said on Monday.

Higher demand for dollar, stable exchange rate in daily auction

October 22, 2007

Demand for the dollar was higher in the Iraqi Central Bank’s auction on Monday, reaching $114.880 million compared to $94.960 million on Sunday.

2 Million Barrels Daily Oil Exports

October 9, 2007

The mount of the exported oil from the northern and southern borders reached almost 2,650 million barrels daily.

Iraq Reconstruction Efforts Make Meaningful Progress, General Says

October 5, 2007

United States-backed programs designed to jump-start Iraq's battered infrastructure are making meaningful progress, a senior U.S. Army engineer general said in Baghdad today.
The United States has contributed more than $22 billion for projects to reconstruct Iraq's water, electricity and other infrastructure damaged by decades of neglect and war, Brig. Gen. Michael J. Walsh, commanding general of the U.S. Army Corps of Engineers' Gulf Region Division, told reporters at a Baghdad news conference.

Kurdistan seeking to produce 200 thousand barrels of oil daily

October 4, 2007

The German earthquake scientist, who works in Iraqi Kurdistan, near the oil fields of Taq Taq, said, "You can dig anywhere you want and crude oil will flow." For more than two years, foreign companies had searched and discovered oil in Kurdistan region. What they had discovered may not be as giant as the field of Papa Kurkur near Kirkuk, but oil companies and the Kurds are happy to do so. Iraq has 115 billion barrels of oil reserve, but it is believed that its real oil wealth is much higher.

Heritage agrees Kurdish oil contract

October, 3 2007

Heritage Oil became the latest small company to strike an oil deal in Iraq when it won an oil producing license and a refinery contract with the regional government in Kurdistan yesterday.