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Economy of Iraq predicts to grow 9 % in 2013


16 Jan 2013
The economy of Iraq must grow 9 % this year as the OPEC nation’s oil production expands and international reserves are forecasted at between $ 105-$ 110 by the end of this year, an official from the central bank said on Friday. Iraq has the fourth-largest oil reserves across the world and is producing more than 3 million barrels of crude per day for the first time in three decades as its industry recovers from years of war and sanctions. Abdul-Basit Turki, the current bank governor expressed to the media at a banking conference in Baghdad that he expects the GDP will reach $ 150 bn by the end of 2003. It will be 9 % growth. The central bank has earlier said that it made an expectation about the growth in 2012 to be around 10 % and reserves in December last year were around $ 70 bn. The oil sector of Iraq generates almost around 95 % of government revenue, but the country is still in need of investment in other non-oil sector and for improving its crumbling infrastructure and the power generation systems. Source: [Arabian Business]
ممثل الأمين العام للأمم المتحدة يقول في مؤتمر صحفي في بغداد ناخبة عراقية مسنة ترفع اصبعها المضمخ بالحبر البنفسجي بعد ادلائها بصوتها في مركز انتخابي في بغدادفي الصورة مجموعة من الناخبين العراقيين في محافظة النجف يرفعون أصابعهم المضمخة بالحبر البنفسجي بعد ادالسيدة هيرو خان إبراهيم زوجة الرئيس العراقي جلال طالباني تدلي بصوتها في مسقط رأسها في كركوك علما أن جهاز الكترونيبيان تعليمات التصويتسيدة عراقية تتوجه الى المركز الانتخابينساء يرتدين النقاب يدلين بأصواتهن في مركز انتخابي في منطقة الكرادة وسط مدينة بغداد
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