Iranian firms ready to invest in Iraq’s industry

A group of Iranian companies has expressed their readiness to invest in Iraq’s economic sector, particularly in the industrial field. “The head of the Baghdad Investment Commission, Shakir al-Zamili, has met with representatives of a group of Iranian firms working in different fields,” according to a statement released by the commission in Baghdad and received […]

Iraq Central Bank Cuts Key Rate to 6%

Bloomberg reports that the Iraqi Central Bank cut its key interest rate by one percentage point to 6%, to boost economic growth as inflation slows, according to figures posted on the bank’s website. The country’s real growth in gross domestic product probably slowed to 4.3 percent in 2009, from 9.5 percent the previous year, as […]

Iraq oil output goals unlikely to be met: Report

Iraq’s ambitious plans to boost crude oil production is not likely to be met, IHS Cambridge Energy Research Associates said in a report on Wednesday. These “highly ambitious plans … are unlikely to be fully realized given political, security, operational and infrastructure challenges”.

2 Permits to Build in Muthanna

The investment commission in Muthanna has granted two permits to local investors for the establishment of a residential city and markets in the province. “The Muthanna commission has granted 36 investment permits to local and foreign companies thus far,” an official from the commission’s public relations department, Ali Hannon, told Aswat al-Iraq news agency. The […]