New Gas Power Station in Wassit

The Wassit council has allocated 216 donums to set up a gas power station, chairman of the Wassit council said on Tuesday. “The council decided during its session on Tuesday (April 20) to allocate 216 donums to implement a gas power station project as it represents one of the strategic projects, which is included within […]

KIC Calls for Indian Trade

The Karbala Investment Commission has called for the establishment of an international center to exchange goods with India, media spokesman for the commission said on Tuesday. “The center will concentrate on exchanging goods and products between Iraq and Indian companies, which took part in the investment conference in Karbala,” Raed al-Asali told Aswat An investment […]

Iraqis in Vietnam to Foster Relations

An Iraqi diplomatic delegation on Tuesday held a meeting with the Vietnamese foreign minister, with whom they discussed ways of boosting diplomatic and economic relations, according to a foreign ministry’s statement. “The delegation, led by Undersecretary of Iraqi Foreign Ministry Labied Abbawi, expressed Iraq’s desire to strengthen relations with Vietnam in various domains,” said the […]

Iraq’s Economic Tipping Point

The big political news in recent days was the announcement that votes are to be re-counted in the Baghdad district, which accounts for 70 of the parliament’s 325 seats. With Iyad Allawi’s Iraqiya party having apparently defeated incumbent Prime Minister Nouri al-Maliki’s State of Law coalition by just two seats, any changes to the result […]

$21 Million Residential Compound in Diwaniya

An Iraqi investor has received a license to build a residential compound in southern Diwaniya, according to chairman of the Diwaniya Investment Commission. “The commission provided a license to Abdulkarim Hatef al-Zubaidi, an Iraqi investor, to establish a residential compound in southern Diwaniya at a cost of $21.240 million within 36 months,” Hakem al-Khuzaie told […]

German Company Seeks to Increase Investments in Basra

A German company met with the Basra Investment Commission on Wednesday to discuss increasing its investments in the province, according to a commission official. “The IQ MARTRADE Company is considering investment in berth 8 at Khour al-Zubeir port, and is also keen to establish a factory to make oil pipes in the province,” Ahmad Wahied […]