Iraq Needs Private Cash

“The problem in Iraq is that 90 percent of the wealth of the nation is in the hands of the government. So centralism always dominates the mindset everywhere,” The economy is still largely disconnected from the global financial system and is dominated by oil.

Umm al-Qasr Port Receives Ship Carrying 16,000 Tons of Sugar

The Iraqi port of Umm al-Qasr on Thursday received a merchant ship carrying 16,000 tons of sugar, the public relations and media director at the State Company for Iraqi Ports said. “The port received a Liberian ship carrying 16,000 tons of sugar,” Anmar al-Safi told Aswat al-Iraq news agency. “The port received also a Panamanian […]

CBI Sells $82 Million on Thursday

The Central Bank of Iraq (CBI) dollar sales went down to reach $82.740 million in its daily auction Thursday, compared to $110.862 million in the previous session. “The demand hit $2.650 million in cash, covered at an exchange rate of 1,183 Iraqi dinars per dollar, and $80.090 million in foreign transfers outside the country, covered […]

Lesson Four – At the Road Block

An Iraqi soldier at the roadblock motions for Ryan’s taxi to stop and then walks up to the taxi. AHmed:  SbaaH ilkhair. أحمد: صَباح الخیر  . Good morning. Soldier:  SbaaH innuur.  Wehn rayyiH? جندي: صَباح النور . وین رایح ؟ Good morning.  Where are you going? AHmed:  Aani da aakhuth haatha l Amriiki l finduq […]

Russian Company Mulls Implementing Oil Projects in Basra

A Russian company met with Basra’s Governor, Shaltagh Abboud al-Mayah, on Thursday to discuss new investment projects in the oil sector, according to a report from Aswat Al Iraq. “Talks addressed the rehabilitation and reconstruction of the oilfields,” the source said. “The company presented a study on the Basra oilfields and ways to solve their […]

Iraqi Construction Firms Implement ‘strategic’ Projects

State run firms belonging to the Ministry of Housing and Reconstruction are capable of executing “any project assigned to them,” according to an official statement. The statement, quoting Housing and Reconstruction Minister Bayan Dazai, said: “The ministry has reinstated in the past four years all its companies destroyed after the events of 2003.” Iraq had […]

Chlorine for Baghdad

Baghdad Directorate said that it has received 16000 tonnes of chlorine to antisepticise water at a cost of 20 billion dinars. A source in the directorate said that the chlorine was imported from international manufacturers and will be used to disinfect water produced by Baghdad Directorate to guarantee clean water in compliance with international standards […]

Ministry Cleans Streams

A source in Iraq Ministry of Water Resources said that the Ministry has cleaned streams in Al Zab project in Al Hamadaniah region and Al Namroud neighborhood in Mosul. The aim of these works is to irrigate an area of 12000 dunom. It is to be noted that the Ministry of Water Resources has took […]