The article takes a look at the energy prospects in Iraq, whose government aims to more than double oil production in the coming five years. While security and political constraints abound, production is inching up in Iraq, and recipients of 2009 oil-servicing contracts are beginning operations. Severe infrastructure shortfalls remain, however, and the pressure to […]
Total OPEC supply rose 40,000 bpd to 29.25 mbpd, with Nigerian output jumping by more than 100,000 bpd as domestic refineries resumed production.
The construction cost of this port is of 4.3 million euros and the first stage thereof will be implemented by an Italian company. The first stage is expected to end in 3 years maximum and the development thereof is expected to last till 2028.
A team of World Bank specialists from the Middle East and North Africa (MENA) Region launched an intensive multi-sector capacity building program for Iraqi public sector officials to enhance their knowledge and skills for more effective implementation of development projects.
Samer Majali, CEO of Bahrain’s national carrier Gulf Air, has announced that the city of Suleimaniya in Iraq’s Kurdistan region will become the carrier’s second destination in the country by the end of 2010, Kurdish Globe has reported. The carrier also plans to fly to the southern port city of Basra by the end of […]
The governor of Karbala has inaugurated a river lining project in the province at a total cost of 1.6 million Iraqi dinars (ID). Work on the project took nearly 10 months, Eng. Amal al-Din al-Hir told Aswat al-Iraq news agency. The project, which has been carried out by a local company, aims to reduce the […]
Iran’s first exclusive fair in Iraq’s city of Najaf will kick off on April 14, Iran’s commercial attaché to Iraq said. The Islamic Republic of Iran Broadcasting quoted Mehdi Nejatnia as saying that 53 Iranian firms will showcase their latest products and achievements in the fields of food, agriculture, technical and engineering, trade, and medical […]
The Iraqi Stock Exchange (ISX) index went down by 0.7% to close at 92.7 points as trading took place on Sunday over shares of 29 out of a total of 82 electronically-registered firms. Shares of four companies went up, 14 down while 11 others retained their previous rates. The number of shares traded hit 279.555 […]
A National press center authorized resource said that the projects were granted 28 billions, 456 million dinars. He added “the projects cover many different industrial, wooden ,paper , chemical, plastics, construction, basic metal, fabricated metal manufacturing and textile sectors.” He pointed “DGID granted 23 certificates to complete the establishment of industrial, condition complied, projects.” While […]
The ministry disclosed the plans of building 200 low-cost houses in Karbala province, cooperating with Red-Crescent Association. A statement from the national media center confirmed that the minister, Riadh Ghereeb, and Red-Crescent Association chairman, Yasin Al-mamoory, are discussing the building of these houses in Karbala. The source pointed out that starting a small village is […]
The Zain Group, the Middle East’s leading mobile network provider, announced today that the management of its Iraq operation, Zain Iraq, will henceforth fall under the direct supervision of the Group’s Chief Executive, Mr Nabeel Bin Salamah. The former Zain Iraq CEO, Mr Ali Al Dahwi, has been appointed special advisor on Iraq for the […]
Iraq government spokesman Al Dabbagh said that the Cabinet agreed to give the Minister of Finance the power to negotiate and sign a draft resolution to activate and protect mutual investments between Iraq and Lebanon. Al Dabbagh added that the agreement includes 12 items. It stipulates that each of the contracting parties guarantees fair treatment […]