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10,000 Dinar A Day Giveaway Begins June 1st

by admin ~ May 26th, 2010

We are launching our 10,000 Dinar a day giveaway June 1, 2010.  Come back everyday and have a chance to win!

Iraq May Maintain Growth of 7% This Year

by admin ~ May 26th, 2010

Iraq may maintain an economic growth rate of about 7 percent this year, led by oil, Central Bank Governor Sinan Al-Shabibi said.

Growth was about 7 percent as well in 2009, al-Shabibi said in an interview yesterday at an economic conference in Beirut. “Of course oil output is still the main driver,” he said.
Iraq holds the world’s third-largest oil reserves, with 115 billion barrels, behind Saudi Arabia and Iran. The International Monetary Fund said it expects the economy of Iraq to expand 7.3 percent this year and 7.9 percent in 2011.

IMF and Iraqi authorities are projecting average production of 2.6 million barrels of oil per day with exports of 2.1 million barrels a day this year. Next year, the projections are for output of 2.9 million barrels a day and exports of 2.3 million a day.  The central bank cut its key interest rate by 1 percentage point to 6 percent in April to fuel growth.

Al-Shabibi said the bank has received requests from “six or seven” lenders seeking to set up units in Iraq or a partnership with existing banks in the country.  “We look favorably on any application,” he said without elaborating.

US Withdrawal on schedule

by admin ~ May 25th, 2010

A recent string of bombings in Iraqi cities that have caused more than 100 casualties in the past week will not affect the timeframe for the U.S. troop withdrawal, U.S. Secretary of State Hillary Clinton said, DPA reported May 14. At a news conference with British Foreign Secretary William Hague, Clinton expressed confidence in Iraq’s ability to overcome the threat posed by extremism.

10,000 Dinar a DAY GIVEAWAY

by admin ~ May 24th, 2010

Our 10,000 Dinar a day giveaway begins June 1, 2010.

Recount Confirms Allawi Victory

by admin ~ May 18th, 2010
A recount of votes cast in Baghdad during Iraq’s March 7 election has confirmed that former interim Prime Minister Iyad Allawi’s al-Iraqiya List won the election, and will retain its two-seat lead in the parliament, Reuters reported May 16, citing election officials. The manual recount was conducted over 11 days, and counted 2.5 million ballots.

Maliki welcomes meeting with Allawi

by admin ~ May 17th, 2010

Nouri al-Maliki, head of the Dawlat al-Qanoon Alliance, on Sunday welcomed a meeting with Ayad Allawi, head of the Al-Iraqiya Alliance.
“There is no dispute or enmity between us and Allawi,” al-Maliki told the press.

He noted that there could be a meeting between the two blocs in addition to the Iraqi National Alliance (INA).  The three entities were the biggest winners in the recent parliamentary election in Iraq.  “We welcome a meeting with Allawi,” al-Maliki stressed.
MH (P)/SR

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