Risks and Opportunities in Iraq

Exactly two months after the elections in Iraq, the votes are still being re-counted in the Baghdad constituency. Yes, it’s a laborious and painstaking procedure, but surely the cost of more manpower and better systems would be outweighed by the benefits of speeding up the process, so that people would know where they stand and […]

Iraqi Airways Plane Impounded in London

(Sources: The Telegraph, AFP, Bloomberg) Tensions between Iraq and Kuwait were raised last week when the first Iraqi Airways flight from Baghdad to London for 20 years was impounded at London’s Gatwick Airport. The dispute dates back to the Iraqi invasion of Kuwait in 1990, during which 10 Bombardier jets belonging to Kuwait Airways were […]

Electricity Substation Opened in Kirkuk

A new electricity substation has been opened on Monday in northern Kirkuk city. “The substation is French made, 33 x 11 KV, with a capacity of 31.5 Mwatt,” a provincial media source told Aswat al-Iraq news agency. He noted that the total cost of the project was ID4.450 billion. ( Aswat Al Iraq )

Basrah Official: ‘We Won’t Stand Still Over National Interventions’

Engineer Zeead Ali, electricity commission chairman in Basrah council, confirmed that the Provincial Council will not stand still regarding central intervention to assert national control  and the deprivation of citizens from a fair share of electrical power. Zeead told Eye Media reporter “The council will take steps concerning workers of electricity departments who overburdened the […]

ISX Closes at 94.7 Points on Monday

The Iraqi Stock Exchange (ISX) index went up slightly by 0.13% to close at 94.7 points as trading took place on Monday over 37 firms’ 2.526 billion shares worth 3.496 billion Iraqi dinars ($2,9 million) through 231 deals. Non-Iraqi investors obtained four purchase deal at 1.899 billion dinars in the banking sector and 2 deals […]

2 Plastic Injection Machines for Salah Al-Deen State Company .

Salah Al-Deen state company, one of the industry and materials ministry companies disclosed the arrival of two plastic injection machines in April to manufacture plastic cans for the Samara medicine factory. The acting company manager, Hamood, said that a technical committee is checking two big injection machines, to confirm that they meet specifications. Hopefully, the […]

Finance Minister Urges Investment in Missan

Finance Minister Baqer al-Zubaidi on Monday gave orders to facilitate investments in Missan, according to a ministerial statement. “The minister received the Chairman of the Missan Council, Abdulhussein Abdulreda al-Saadi, with whom he discussed the most important service projects,” said the statement received by Aswat al-Iraq news agency. He urged provinces to play a role […]

CBI Dollar Sales Up to $156m

The Central Bank of Iraq’s (CBI) dollar sales went up to reach $156.425 million in its daily auction on Monday, compared to $127.650 in the previous session. “The demand hit $5.400 million in cash, covered at an exchange rate of 1,183 Iraqi dinars per dollar, and $151.025 million in foreign transfers outside the country, covered […]

Turkish Firms Discuss Strategic Projects in Karbala

Turkish firms met with the local government in Karbala to discuss setting up strategic projects in the holy city, according to the deputy chief of the provincial council on Sunday. “The Karbala provincial council received a delegation representing a consortium of Turkish companies and discussed ways to establish projects in the city,” Nassif Jassem al-Khatabi […]