2nd Stage of Hilla-Basra Railway Project Opens

Iraqi Minister of Transport, Amer Abduljabbar, opened the 50-km-long second stage of the Hilla to Basra rail line, according to the head of Babel province’s railways department on Sunday. “Minister Abduljabbar inaugurated the second stage of the project which linked al-Hashemiya district to al-Diwaniya city as part of the larger Hilla-Basra project,” Anwar al-Rehimi told […]

Successful Iranian Mission to Basra

Following the recent visit by a delegation of  Iranian businessmen and officials to Basra, an Iranian company has started negotiations with the investment commission in Basra over the construction of an iron foundry. The plant is planned cost to cost $10m and will cover 25,000 square meters. (Source: Aswat Al Iraq)

Foreign Contruction Companies Needed for Housing

Aswat Al Iraq reports that the Iraqi minister of housing and reconstruction, Bayan Dizayee, has signed a memorandum of understanding (MoU) with her Jordanian counterpart on mutual cooperation in the fields of reconstruction and housing. “The memorandum encourages investors to invest in the fields of construction.” Meanwhile, the National Investment Commission has received proposals to […]

Japan Loan Committee Meets JICA Representatives

The Japanese loan implementation monitoring committee held a meeting with the representatives of the Japan International Cooperation Agency (JICA) to lay down mechanisms and solutions for obstacles impeding projects, according to a statement by the Agricultural Initiative Department’s information office on Friday. “The meeting was attended by a representative of the Japanese embassy in Baghdad […]

Ministry Should Pay Merchants

Iraqi Trade Ministry is in debt to merchants who supplied the Ministry with food items related to the ration card system. “This issue would negatively affect the ration card system,” Falah Kamona, head of the Iraqi Chamber of Commerce, told Aswat al-Iraq news agency on Friday. He said that the Ministry has been in debt […]

Iraqi Talks with Shell Continue

Reuters reports that talks are still ongoing between Iraq and Royal Dutch Shell on a natural gas deal near the southern oil hub of Basra, although they are taking longer than expected, a senior Iraqi oil official said on Friday. “The heads of agreement will be extended and the project will be presented to the […]

Swedish University Delegation in Duhuk

A delegation comprised of students and academicians from the Swedish Lund University has visited the University of Duhuk to get acquainted with the geography of the area, an informed source said on Thursday. “The visit of the delegation, which includes 13 students and academicians, will last eight days,” Dr. Nizar Numan told Aswat al-Iraq news […]

Amara Dam Finished

The Iraqi Water Resources Ministry has completed the Amara dam project in Missan province. “The project is important because it controls and distributes the Tigris River water throughout the province,” the Ministry said in a release on Thursday received by Aswat al-Iraq news agency. (Aswat Al Iraq)

Iraq to Import 3 Million Tons of Wheat

Iraq’s Cereals Council said today that Iraq is expected to buy 3 million tons of wheat this year, the same quantity it exported last year. Iraq will also import about a bit more that 1 million ton of rice this year, i.e. a small increase comparing with 2009 exports. Iraq is diversifying its wheat provider […]

KBR Posts 4th-quarter Decline As Work Winds Down

Engineering and construction company KBR Inc. said Thursday that its fourth-quarter earnings fell 17 percent as U.S. military work in Iraq declined and some contract fees were reversed, and it trimmed the low end of its full-year outlook. Profit for the fourth quarter slid to $73 million or 45 cents a share, from $88 million, […]

Confectionery Group Sets Dh100m Sales Target

HMBS Group, one of the largest business conglomerates in Iraq, plans to increase sales of its confectionery products by expanding its distribution network to 32 countries this year, a top company executive said. The group has invested Dh220 million to set up a modern confectionery plant in Jebel Ali as a part of a Dh370-million […]

Credit Fundamentals of Mideast Resilient: Moody’s

There were no downgrades in any sovereign ratings in the Middle East in 2009 by Moody’s, which indicates the comparative resilience of the region’s credit fundamentals and the sovereign ratings should “stay the course” this year, Moody’s said in its first annual “Middle East Sovereign Outlook” report. According to the rating agency, 2010 should be […]