Yota691: A group Oxford Business Group, said plane Iraqi Airways at Kuwait International Airport last February represents a milestone and an important development tantamount to opening a new era of economic ties strongest between the two neighbors Kuwait and Iraq, adding can be considered the resumption of flights between Kuwait and Baghdad, which is counting on growing movement flow of travelers between the two countries, as good news herald economic activities and strong business to business leaders.
The group said the arrival of Iraqi plane was an Airbus 320 to Kuwait on February 27 last was proof to resume air links between the two countries after a hiatus of more than two decades of time dating back to the Gulf War years 1991-1990. positive development and noted the group that relations between the two countries, which saw a significant improvement over the past year, recorded more positive development when Council approved the nation to deal compensation worth 142 million dinars by the airline.
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Iraqi losses incurred by Kuwait Airways during the Iraqi invasion and occupation of Kuwait. Kuwait sought initially for $340 million dinars, or about 1.2 dollars to cover losses was the 10 aircraft as well as ground equipment within demands compensation provided by, after been settled many disputes . and the group said the acceptance of Kuwait compensation less regarded in the eyes of many analysts strong evidence Kuwait's desire and interest in opening a new page with Iraq to explore new cooperation opportunities in the fields of business and different activities with neighboring Iraq.
At step interview, said Kuwait Airways it is considering resuming flights to Iraq. similar schemes on the other hand, the group said that there were plans similar to the expansion being studied by many Kuwaiti companies other including Zain and National Bank of Kuwait, both qualified and strong infrastructure in the Iraqi market through subsidiaries that possess the stakes majority.
The group said Zain plans to issue an initial public offering for subscription in the Iraqi market for securities, under which the company will mother sold accounted 25% of the stake of 76% of the Iraqi operations of the company.
Investor interest and company expected to attract initial release year - which predicted sources to updating middle of this year - a lot of attention from investors, where observers expect that generate process returns exceed significantly what has been achieved company Asaatel competition in the Iraqi market as a result of the flotation partial shares last February, and that was Released largest of its kind in Iraq and the company raised result has revenue of $1.27 billion.
On the other hand, the group said the National Bank of Kuwait strengthens its operations in Iraq through his company subsidiary called Credit Bank of Iraq.
At step considered key and important to expand the market for securities Iraq, was awarded Credit Bank of Iraq last January mandate exercise activities and services trust or guardianship, which can of administration compromises and receipt or delivery of securities being sold or purchased, and the issuance of reports on securities negotiable or funds owned by clients.
The group said National Bank of Kuwait - which owns 80% of Bank Iraqi credit and serves as an adviser to Zain - will be in an excellent location positioned to take advantage of expected growth in activity in the Iraqi market for securities, and expected to see active overheated derived momentum partly through IPO conducted by mobile operators. according to homeland. Article Link
Trinity: Finance parliamentary: Must be adhered to the recommendations of the International Monetary Fund on the country's monetary policy. Deputy Chairman of the Finance Committee MP /coalition of Kurdish blocs / Ahmediceberg of God, the importance of adhering to the recommended by the International Monetary Fund(IMF) to support and develop the country's monetary policy.
Iraq needs the experience of banks with regard to international financial and monetary Balseesten of the country,because the International Monetary Fund(IMF) has the mentality of a sophisticated and accumulated experience can be used to support the exchange rate of the national currency.
IMF issue seasonal confirms reports in which positive and negative indicators for the economies of developing countries,including Iraq, and presents a set of recommendations that supposed to adhere to for the advancement of the financial and economic sectors in the country. Article Link