Satellite Station Banned in Thi-Qar

Thi-Qar’s Provincial Council on Monday recommended that the office of al-Baghdadiya satellite TV station be closed after they praised the Baath Party . “The recommendation came during the council’s meeting today,” Abdilhadi Mohan, the council’s deputy head, told Aswat al-Iraq news agency. Over a period of two days, the station broadcasted live interviews with Thi-Qar […]

CBI Sells $185m on Monday

The Central Bank of Iraq’s (CBI) dollar sales reached $185.485 million in its daily auction on Monday, compared to $130.669 million in the previous session. “Demand hit $14.08 million in cash, covered at an exchange rate of 1,170 Iraqi dinars per dollar, and $171.405 million in foreign transfers outside the country, covered at an exchange […]

Enoc hosts Kurdistan Premier

Emirates National Oil Company (Enoc)  has recently hosted His Excellency Dr Barham Salih, Prime Minister of Iraqi Kurdistan, on a tour of the Enoc Processing Company. Saeed Abdullah Khoory, Group Chief Executive of Enoc presented an overview of the company before  a tour of the refinery and the Dubai Natural Gas Company Limited (DUGAS). Khoory […]

Iraq Mulls Kurdistan Expense Claims

The federal government could end up paying for exploration and extraction costs of oil companies working in Iraqi Kurdistan on a cost only basis said Iraqi Oil Minister Hussain Shahristani today. “We will not pay any profits to the companies but we will look into the bills for the work they carried out,” Reuters quoted […]

Deal Expected for Baghdad Underground

A deal with a French company will soon be concluded to supervise a project to build an underground railway in the capital Baghdad, the local mayor said. “Companies from the United States, Russia, Germany, France and South Korea will be invited to submit their final bids for the project after a contract is signed with […]

6 Service Projects in Karbala

Six service projects with a total cost of 2.548 billion Iraqi dinars (roughly $2 million) were approved for implementation, according to a local official on Sunday. “The projects will be hopefully finalized by local firms in six months’ time,” Abbas Nasser Hassani, the Karbala Provincial Council’s Reconstruction & Strategic Planning Committee Chairman, told Aswat al-Iraq […]

Solar-powered Drinking Water Stations for Wassit

Twenty-four solar-powered potable water stations will be built in a number of villages in  Wassit, “The stations, with a capacity of 1-5 cubic meters per hour, will be established in 14 districts and towns,” Majed al-Atabi told Aswat al-Iraq news agency. He added that the stations will save a lot of electricity, as they rely […]

French Undertake the Import and Marketing Tasluja Cement Factory

A statement issued by Media National Center quoted a well- informed official in the Ministry of Trade as saying” DG of State Company for Constructional Material Trade, engineer Abdul Muhsin Anbar al- Rikabby, has signed a contract with the French YCC firm to import and market cement from the Tasluja Cement Factory in Suleymaniyah province. […]

Banks to Offer Loans to Government Personnel

The Iraqi Ministry of Finance has given instructions to the Rasheed and Rafidayn banks to grant loans to full-time government employees. “The amount available is 5 million Iraqi dinars with an interest rate of 6% to be repaid within five years,” an under-secretary of state for banking affairs, Diyaa al-Khayoon, told Aswat al-Iraq news agency.

Gazprom to Offer $10 Bn of Bonds

Russian “Gazprom” plans to issue $ 10 billion bonds 2010 to 2015. The organizer and the Under-guarantor of the bonds to be found by competitive tender. It is expected to raise between $ 167 million and $ 334 million at a  nominal value of $ 33 .33 for a period  of between one and three […]

British Firms in Basra Investment Conference

British and Iraqi companies have attended a Basra-based conference on investment opportunities in the province, a local official said on Saturday. “The conference was organized by the Basra Investment Commission in cooperation with Amar al-Khayr Organization at Manawi Pasha Hotel,” the head of the commission, Haydar Ali Fadel, told Aswat al-Iraq news agency. “The event […]

New Project to Build Oil Refinery in Basra

Iraq Directory reports that Basra’s Director of investment, Haider Ali Fadel, said on Wednesday that the Authority is currently considering a proposal from a local investor to build an oil refinery in the province. He stated that the Basrah Investment Commission is prepared to send all requests for the establishment of such projects to the […]