New CEO for Zain Iraq

Zain Group has announced the appointment of Mr Emad Makiya as the Chief Executive Officer of Zain Iraq, effective June 15, 2010. He is replacing the Group’s Chief Executive, Mr Nabeel Bin Salamah who took direct management of the subsidiary in April. The then CEO, Mr Ali Al Dahwi was removed from the post without […]

Mid East Mobile Users spend $20 a Month on calls

The Middle East region is one of the most dynamic mobile markets in the world with a 23% increase in subscriber base and 12% increase in revenues in 2009 according to the latest market analysis from Dataxis Intelligence. It also has one of the highest mobile revenue per user per month (Arpu) with an average […]

Ministry Minimizes Farming Shortfall

The Iraqi Agriculture Ministry has been able to minimize the farming shortfall, said a high ranking official from the ministry. “This was achieved by prohibiting the import of some agricultural products,” the source told Aswat al-Iraq news agency on Wednesday. He noted that governmental financial support to farmers has boosted agricultural production in Iraq. ( […]

Iraq Receives $440m Loan from IMF

The Iraqi Finance Ministry has received $440 million as a loan from the International Monetary Fund “The loan is processed according to an agreement between the two sides through which Iraq should get an amount of $3.6 billion in total from the International Fund Monetary,” the Iraqi ministry said in a release on Wednesday received […]

Turks Seek Projects in Karbala

A delegation representing two Turkish companies expressed readiness to implement health and housing projects in Karbala, the head of the Karbala council said on Tuesday. “The Turkish delegation presented housing and health proposals to be implemented in Karbala, including the establishment of two specialized hospitals,” Mohammad al-Moussawi told Aswat al-Iraq news agency. “The local government […]

Asiacell at 7th Media Telecommunications Conference

Asiacell, one of the largest private Iraqi companies and the first mobile telecommunications company to provide coverage for all of Iraq, announced its participation in and sponsorship of the 7th annual Media and Telecoms Convergence Conference that was held under the patronage of Her Highness Princess Sumaya Bint Al Hassan on the 7th and 8th […]

Lack of Water Could Shut Thermal and Hydro Power Plants

Low water levels from the Tigris and Euphrates rivers may force Iraq to shut down its thermal and hydro power plants, a government spokesman said. The spokesman, refusing to be named, said the volume of water reaching Iraq from the two rivers, which originate in Turkey, had fallen to unprecedented levels and may eventually not […]

French Navy Makes First Call in 32 Years

A French navy ship with 95 sailors on board docked Tuesday at the southern Iraqi port of Umm Qasr, in the first such visit in 32 years amid French efforts to “revive” ties with Baghdad. The two-day stop by the Ducuing, a military dispatch ship, began with a reception organised by the Iraqi navy, who […]

S. Korean Ambassador Discusses Cooperation

The Iraqi Industry minister has received the South Korean ambassador to Iraq, and discussed with him methods of cooperation at different industrial levels. “The minister stressed that his ministry will employ all methods that support South Korean companies working in Iraq,” the Iraqi Industry Ministry said in a statement on Tuesday as received by Aswat […]

Hashimi Says Iraq Bids for Investments

While addressing the Conference on Interaction and Confidence building measures in Asia (CICA) held in Istanbul, Iraq Deputy President Tarek Al Hashimi said that Iraq has made progress in its journey towards building a prosperous economy through enticing foreign investments. Hashimi stressed the role of Asian companies in the oil and gas sector. The Deputy […]