New Mechanism to Rebuild Part of Central Baghdad

Works started to prepare a mechanism to rebuild part of central Baghdad, the mayor of the capital said on Wednesday. “The project will be implemented according to international design and complies with modernity requirements,” the Baghdad Mayoralty said in a release on Wednesday received by Aswat al-Iraq news agency. It said that the Baghdad Mayoralty […]

Project to Develop Commercial Street in Kut

There is a project to develop the Al-Zahraa St. in Kut city, with a total cost of more than ID4 billion, Wassit governor said on Wednesday. “The project will be finalized by an Iraqi firm within 300 days,” Lateef Hamad al-Tarfa told Aswat al-Iraq news agency on Wednesday. He said that the street will be […]

Talbani Confirms his Support to Media & Communication Commission

President of Iraq Jalal al- Talabani has discussed the position and legitimacy of Media & Communication Commission and troubles may face lead to hinder its course. It came during his meeting Tuesday at his office in Baghdad a delegation of Media & Communication Commission headed by the executive manger Berhan al- Shawi and other officials […]

Work to Begin on 2 Investment Projects in Baghdad

Work will soon begin on two investment projects that will provide more than 100,000 housing units in the Iraqi capital, Baghdad’s Mayor Sabir al-Issawi said on Tuesday. “The Baghdad Mayoralty has completed negotiations with the company assigned to invest in al-Rasheed Camp to build 65,000 housing units, and entertainment, commercial, sports and medical facilities…,” the […]

Strategic Road to Be Paved in Shaqlawa

Local companies have begun work on a project to pave a strategic road that links many villages in Shaqlawa district at an approximate total cost of $6 million U.S. dollars, the governor of Arbil said on Sunday. “The project will be financed through the provincial development budget,” Governor Nozad Hadi told Aswat al-Iraq news agency. […]

Announcing Investment Facilities for Chinese Companies

President Jalal Talibani met yesterday with the Ambassador of the People’s Republic of China in Iraq Chang yee and his accompanied delegation with attendance of Kosrat Rassoul, Kurdistan Region Vice President. At the meeting, President confirmed Iraq’s readiness to present facilities for the Chinese companies to prompt their investment intentions in the country. Both officials […]

COSIT: Unemployment and Poverty Drop in Iraq

Poverty and unemployment levels have fallen noticeably in Iraq during the recent few years, the Central Organization for Statistics and Information Technology (COSIT) said in a report on Sunday. “Covering all Iraqi provinces, a 2008 survey that has been conducted in accordance with recommendations from the International Labor Organization (ILO) has shown that unemployment rates […]

Delegation from 40 French Companies in Baghdad

A delegation comprised of representatives of 40 French companies has visited the Baghdad Investment Commission to become updated on investment opportunities in the capital. “The commission and the delegation have discussed means of furthering mutual cooperation…,” according to a statement released by Baghdad’s provincial council and received by Aswat al-Iraq news agency. The housing, industrial […]

Iraq Closes in on Big Oil Deals but Short of Power

Awash with oil, Iraq is poised to ink several mega oil deals that will vault it into the top ranks of world oil producers, but the war-shattered country is back to grappling massive power shortages after a brief respite. Peak winter consumption of electricity due to heaters being run has resulted in what appears to […]

CBI Dollar Sales Up by 55% on Thursday

The Central Bank of Iraq (CBI) dollar sales rose by 55% to reach $227.190 million in its daily auction on Thursday, compared to $155.251 million during the previous session. “The demand hit $16.480 million in cash, covered at exchange rate of 1,170 Iraqi dinars per dollar, and $210.710 million in foreign transfers outside the country, […]