Gov’t Approves Investment Plan to 500,000 Residential Units

The Iraqi Council of Ministers has approved an investment plan to build 500 thousand residential units throughout Iraq. “The Council also authorized the finance minister to sign any complementary contracts with respect to the deals to purchase airplanes from Bombardier Aerospace and The Boeing Company,” Dr. Ali al-Dabbagh, the official spokesperson of the Iraqi government, […]

Conference in Turkey on Investment Opportunities in Basra

A delegation from Basra province headed on Tuesday to Turkey to attend a conference next Thursday on investment opportunities in the southern province, an official source said. “The delegation is chaired by Governor Sheltagh Aboud and includes a number of the local council,” Mahmoud al-Taan, the official of the industrial development committee, told Aswat al-Iraq news […]

Iraq Ministry of Trade to receive $1bn loan

The Iraqi Ministry of Finance has announced that it will loan the Ministry of Trade $1bn to secure its needs. A statement issued by Finance’s media office, said” Minister of Finance al- Zubeidi ordered Iraqi Bank for Trade to loan the Ministry of Trade with $1bn to pay the dues of tradesmen and settling their […]

Kurdish PM and Iraq Finance Minister Tackle Outstanding Issues

The Prime Minister of Iraq’s Kurdistan region, Barham Saleh, has received the Iraqi minister of finance, Bayan Jabr, to discuss pending issues between Baghdad and Arbil, an official statement said on Tuesday. “The visit has been devoted to outstanding financial issues between the federal government and the Kurdistan Regional Government (KRG),” read the statement that […]

Baghdad Mayoralty Rebuilds Salhiya Compound

The campaign to rebuild the Salhiya residential compound has begun, the Baghdad mayor’s office said on Monday. “The Baghdad Mayoralty also released the second dispatch of compensation funds to people affected by the terrorist bombing on August 19, 2009,” said the release that was received by Aswat al-Iraq news agency. The bombing targeted the Salhiya […]

Babil PRT Initiate the Establishment of a Canning Factory

The provincial reconstruction U.S. team of Babylon proceeded, to create the first plant of its kind in Iraq for canning honey, the team opened several centers for breeding queen bees north of the province. President of beekeepers in Babylon, Nabil al-Jubouri , said the American reconstruction team in the province through the Assembly proceeded to […]

Etisalat to Decide on Iraq Market Soon

UAE-based telecom operator Etisalat will make a decision on how to get into the Iraqi market this month, a company executive told Reuters on Monday. Jamal Jarwan, head of Etisalat’s international operations, said the company was considering bidding for a license in the war-torn country or tying up with Kurdish Iraqi operator Korek Telecom.

Iraqi Telecom Sector on the Threshold of a Promising Phase

Ericsson, one of the world leading providers of telecom services and equipment, participated in the two-day Iraq Telecoms Conference as a major sponsor. The event was held recently in London. The Conference focused on ‘ integrating business and technology in Iraq to highlight the huge business potential and opportunities for broadband in the country. It […]

Finance Minister to Visit Kurdistan

The Iraqi minister of finance, Bayan Jabr, will soon arrive in the capital of Iraq’s Kurdistan, Arbil, to meet with the regional premier and officials, an informed source said on Monday. “The minister is expected to meet with the prime minister of the Kurdistan Regional Government (KRG), Dr. Barham Saleh, and other officials,” a media […]

Turkish Firm to Build Hospital in Iraq

Iraq’s health ministry has said it has signed an agreement with a Turkish firm to build a new hospital in the city of al-Nassiriya, Aswat al-Iraq news agency has reported. The 400-bed, $143.5m hospital will have three buildings that should comprise all medical specializations as well as 10 operation theatres, six maternity wards and training […]

Baghdad Mayoralty to Establish Media City

Baghdad Mayoralty has expressed its intention to establish a media city on an area of 30 donums in northern Baghdad. “Baghdad Mayoralty has called on local, regional and international companies willing to invest under the Investment Law no. 13 of the year 2006 to bid for a project to establish an integrated media city in […]

Budget Should Be Ready 3 Months Ahead of FY – Think-tank

The government should submit the budget three months before the beginning of fiscal year (FY), the Iraqi Institute for Economic Reform recommended on Saturday. “The recommendations will be submitted to government and parliament to adopt them,” Manaf al-Saaigh, the Institute’s director, told Aswat al-Iraq news agency. He said that the recommendations stressed that international transparency […]