August 27th, 2009
Oil exports from Iraq reached the highest level in July 2003, totaling 63 million barrels, according to statements of Assem Jihad, Oil Ministry spokesman, quoted AFP.
Figures made public by Jihad show in July that Iraq exported 63 million barrels to 57 million barrels in June.
As regards the profit from export activity, at the average of oil price of 64.42 dollars per barrel, Baghdad received 4.66 billion dollars. Iraq has prepared the budget for 2009 taking into account an average oil price of 50 dollars per barrel.
The current level of oil exports is comparable to that of 2003, when oil exports were about two million barrels a day, equivalent of 62 million barrels per month. Oil represents 87% of total revenue in Iraq, state that intends to double its exports over the next five years.
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Posted in Finance, Forex, Money, Trade | No Comments »
August 24th, 2009 | No Comments »
The American company News Corp. examines selling the company that calculates the Dow Jones index, with a history of 125 years, of American stock exchange.
Also, they hired the financial group Goldman Sachs to attract investors, said a close source to situation cited by the British daily Financial Times.
News Corp., a company controlled by billionaire Rupert Murdoch, took over the Dow Jones’ business... Read More
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July 28th, 2009 | No Comments »
U.S. exchanges opened the Friday session down, in the context of the disappointing financial results published by Microsoft Corp. and American Express Co. that have affected investor confidence, after what optimism was brought by the Dow Jones index, went above 9,000 points.
The Dow Jones industrial fell with 0.39% at 9034.29 points, while the Nasdaq index lost 1.43% to 1945.31 points. Index Standard... Read More
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July 16th, 2009 | No Comments »
The United States and other developed economies would return to growth until the end of this year or no later than early 2010, is opinion Timothy Geithner, U.S. Treasury Secretary.
Geithner has confessed that there are still significant dangers in the world, but the foundation for economic recovery in the U.S. and not only, have already been made, write Times.
Global economy could face with a series... Read More
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July 9th, 2009 | No Comments »
After three days of rest, American stock exchanges were affected by the depreciation of securities in the energy sector, mining and technology, informs AFP.
The Dow Jones Industrial Average climbed by 0.53% to 8324.57 points.
The Nasdaq dropped to 0, 51%, to 1787.40 points.
The Standard & Poor’s 500 climbed by 0.26% to 898.72 points.
This situation fears that the economy is far from its return.... Read More
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June 25th, 2009 | No Comments »
American analyst Harry Dent, who announced in a book released in 2004 that the world will be in a deep depression around 2010, forecast that the global economy will enter a crisis much larger than this one in maximum 2 years.
According to the analyst Harry Dent, an economist who conducted the analysis taking into account demographic trends and the influence curves of birth, the point of maximum crisis... Read More
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