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    <title>Iraq Updates - Economy</title>
    <link>http://www.iraqupdates.com/p_articles.php/scat/12</link>
    <description>The latest news about Economy in Iraq</description>
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    <managingEditor>support@iraqupdates.com</managingEditor>
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      <title>Hard Cash Reserves ‘more Than $60 Billion,’ Says Iraqi Central Bank</title>
      <description>The coffers of the central bank brim with hard cash from the country’s oil sales, a senior bank official said.</description>
      <link>http://www.iraqupdates.com/p_articles.php/article/107551/refid/RSS-economy-07-02-2012</link>
      <pubDate>Fri, 03 Feb 2012 09:07:00 +0000</pubDate>
    </item>
    <item>
      <title>Silk Road Management Launches Two Debut Iraqi Equity Indices</title>
      <description>The Silk Road Iraq Index currently covers 26 companies with total market capitalisation of USD12.8 billion (January 1, 2012). The Silk Road Iraq Oil index contains seven internationally listed oil &#38; gas companies with assets and operations in Iraq...</description>
      <link>http://www.iraqupdates.com/p_articles.php/article/107542/refid/RSS-economy-07-02-2012</link>
      <pubDate>Fri, 03 Feb 2012 08:33:00 +0000</pubDate>
    </item>
    <item>
      <title>Arab Spring Pushes Auto Sales As Regimes Spread Money for Stability</title>
      <description>Volkswagen is investing more heavily in the Middle East, amid rebellion and turmoil, Bloomberg has reported. VW plans to introduce the Polo subcompact and the US-built Passat sedan in the region this year, while its Lamborghini brand projects 50% growth...</description>
      <link>http://www.iraqupdates.com/p_articles.php/article/107539/refid/RSS-economy-07-02-2012</link>
      <pubDate>Fri, 03 Feb 2012 08:04:00 +0000</pubDate>
    </item>
    <item>
      <title>Iraq’s Faltering Economy</title>
      <description>Iraq’s parliament reconvened this week after the Iraqiyya bloc ended its two-month boycott protesting the alleged persecution of Sunni officials and the arrest warrant issued on terrorism charges for Vice President Tariq al-Hashemi. As the political...</description>
      <link>http://www.iraqupdates.com/p_articles.php/article/107537/refid/RSS-economy-07-02-2012</link>
      <pubDate>Fri, 03 Feb 2012 08:02:00 +0000</pubDate>
    </item>
    <item>
      <title>Government Adviser: Washington Will Renew the Protection of Iraqi Funds After Next June</title>
      <description>The Iraqi federal government has assured that Washington will renew the protection of Iraqi funds held in its banks for another year if need be after protection is lifted on May 23.</description>
      <link>http://www.iraqupdates.com/p_articles.php/article/107517/refid/RSS-economy-07-02-2012</link>
      <pubDate>Fri, 03 Feb 2012 06:23:00 +0000</pubDate>
    </item>
    <item>
      <title>Iraqia Stipulates to Spend Amounts of Money to the Citizens Against Voting on the Budget</title>
      <description>The Iraqi List, stipulated on Wednesday, the allocation of funds to all Iraqi citizens in support of the project put forward by the Liberal bloc to pass the current year budget, calling the political...</description>
      <link>http://www.iraqupdates.com/p_articles.php/article/107507/refid/RSS-economy-07-02-2012</link>
      <pubDate>Fri, 03 Feb 2012 06:08:00 +0000</pubDate>
    </item>
    <item>
      <title>Iraq's New Budget to Be Ratified Within 2 Weeks</title>
      <description>Iraq's 2012 Federal Budget is expected to be ratified within 2 weeks from today, Thursday, a legislature for the National Alliance, led by Prime Minister, Nouri al-Maliki reported.</description>
      <link>http://www.iraqupdates.com/p_articles.php/article/107497/refid/RSS-economy-07-02-2012</link>
      <pubDate>Fri, 03 Feb 2012 05:53:00 +0000</pubDate>
    </item>
    <item>
      <title>Central Bank of Iraq Closes Its Weekly Session with Huge Sales Drop</title>
      <description>The Central Bank of Iraq (CBI) has closed its weekly sessions for the sale and purchase of foreign currencies on Thursday with a sharp drop in its auction for the second continuous day, to reach 4 millions...</description>
      <link>http://www.iraqupdates.com/p_articles.php/article/107498/refid/RSS-economy-07-02-2012</link>
      <pubDate>Fri, 03 Feb 2012 05:53:00 +0000</pubDate>
    </item>
    <item>
      <title>Iraq Becomes Dollar Source for Sanctions-hit Iran, Syria</title>
      <description>In the money changing shops dotted around Baghdad's Karrada district, Iraqi merchants dabble in many currencies, but these days some joke that banknotes from neighboring Iran and Syria are only worth plastering on windows as decorations.</description>
      <link>http://www.iraqupdates.com/p_articles.php/article/107476/refid/RSS-economy-07-02-2012</link>
      <pubDate>Thu, 02 Feb 2012 04:52:00 +0000</pubDate>
    </item>
    <item>
      <title>Objections over 2012 Budget</title>
      <description>The government's Economic and Investment Committee has objected to the allocation of infrastructure projects within the 2012 budget, claiming that not enough detail has been given.</description>
      <link>http://www.iraqupdates.com/p_articles.php/article/107460/refid/RSS-economy-07-02-2012</link>
      <pubDate>Thu, 02 Feb 2012 04:26:00 +0000</pubDate>
    </item>
    <item>
      <title>Iraq Cancels Contract with Switzerland’s SGS</title>
      <description>Iraq’s Ministry of Planning has canceled its contract with Switzerland's SGS after the company has allegedly failed to respond to Iraqi authorities about what they described as “sluggish work”</description>
      <link>http://www.iraqupdates.com/p_articles.php/article/107466/refid/RSS-economy-07-02-2012</link>
      <pubDate>Thu, 02 Feb 2012 04:26:00 +0000</pubDate>
    </item>
    <item>
      <title>Dangerous Violations' in 2-billion Dollar Electricity Contracts - MP </title>
      <description>Parliamentary Integrity Commission MP Sherwan al-Wa'ili announced that the Electricity General Inspector was hosted today who disclosed &#34;dangerous violations&#34; in German and Canadian contracts.</description>
      <link>http://www.iraqupdates.com/p_articles.php/article/107447/refid/RSS-economy-07-02-2012</link>
      <pubDate>Thu, 02 Feb 2012 04:01:00 +0000</pubDate>
    </item>
    <item>
      <title>Basra's Investment Commission Scores 47 Visas for Foreign Investors</title>
      <description>Southern Iraq Basra's Investment Commission has scored 47 visas for the entrance of foreign investors from different states to visit Basra Province, the Chairman of Basra's Investment Commission, Haider...</description>
      <link>http://www.iraqupdates.com/p_articles.php/article/107438/refid/RSS-economy-07-02-2012</link>
      <pubDate>Thu, 02 Feb 2012 03:59:00 +0000</pubDate>
    </item>
    <item>
      <title>US Should Justify 2 Billion Dollars of Funds Spent After Invasion</title>
      <description>An American government observatory has announced that the US Defense Department has failed to justify the spending of 2 billion (b) US dollars of Iraqi funds during the years that followed the US invasion...</description>
      <link>http://www.iraqupdates.com/p_articles.php/article/107440/refid/RSS-economy-07-02-2012</link>
      <pubDate>Thu, 02 Feb 2012 03:59:00 +0000</pubDate>
    </item>
    <item>
      <title>Rejection to Pass General Budget Before Exposing Previous Accounts - MP </title>
      <description>A Parliamentary Integrity Commission member Jawad al-Shuhaili expressed rejection of his commission to pass the general budget before exposing the final accounts of the previous years, charging the...</description>
      <link>http://www.iraqupdates.com/p_articles.php/article/107441/refid/RSS-economy-07-02-2012</link>
      <pubDate>Thu, 02 Feb 2012 03:59:00 +0000</pubDate>
    </item>
    <item>
      <title>Iran Forecasts $55 Billion in Non-oil Exports Next Year</title>
      <description>Iran’s non-oil exports value is projected to reach $55 billion in the next calendar year, starting March 21, according to the deputy director of Trade Promotion Organization.</description>
      <link>http://www.iraqupdates.com/p_articles.php/article/107427/refid/RSS-economy-07-02-2012</link>
      <pubDate>Wed, 01 Feb 2012 08:22:00 +0000</pubDate>
    </item>
    <item>
      <title>Iraq Eyes Malaysian Input In Rebuilding Efforts</title>
      <description>War-wrecked Iraq is looking to tap into Malaysian expertise as it seeks to rebuild itself, offering Malaysian companies ample investment opportunities in the process.</description>
      <link>http://www.iraqupdates.com/p_articles.php/article/107406/refid/RSS-economy-07-02-2012</link>
      <pubDate>Wed, 01 Feb 2012 07:10:00 +0000</pubDate>
    </item>
    <item>
      <title>Parliamentary Finance Committee: Iraqi Central Bank Lingered in Presenting the Zero Loping Bill</title>
      <description>The Parliamentary Finance Committee confirmed, on Sunday that the Central Bank, loiter in to introduce a bill to delete the zeros from the currency to the Committee for the purpose of a study, saying the law was passed that would give Iraq an opportunity...</description>
      <link>http://www.iraqupdates.com/p_articles.php/article/107404/refid/RSS-economy-07-02-2012</link>
      <pubDate>Wed, 01 Feb 2012 07:08:00 +0000</pubDate>
    </item>
    <item>
      <title>Central Bank Confirms Its Ability to Meet the High Demand on Foreign Currency</title>
      <description>Central Bank of Iraq announced its ability to meet any high risk caused by the growing demand for foreign currency as it has large reserves of hard currency.</description>
      <link>http://www.iraqupdates.com/p_articles.php/article/107403/refid/RSS-economy-07-02-2012</link>
      <pubDate>Wed, 01 Feb 2012 07:07:00 +0000</pubDate>
    </item>
    <item>
      <title>Claims for Cancellation or Reducing Fees for Issuing Credit Cards</title>
      <description>Economic figures called to cancel fees imposed on the issuance of credit cards in Iraq, such as Visa Card, because it does not cause an attraction for citizens to deposit their money in banks, and therefore, efforts to develop the economy and the Iraqi...</description>
      <link>http://www.iraqupdates.com/p_articles.php/article/107400/refid/RSS-economy-07-02-2012</link>
      <pubDate>Wed, 01 Feb 2012 06:53:00 +0000</pubDate>
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