PM on Iraqi Dinar Re-evaluation

Iraqi Prime Minister Nouri al-Maliki said on Sunday that the process to re-evaluate the Iraqi dinar has to do with economic conditions that have to be strengthened. “The Iraqi dinar has every reason to grow stronger thanks to an increase in revenues and development of the economy,” Maliki said in response to questions through the […]

OPEC Crude on the Rise

Crude oil supply from OPEC is rising to the highest in 14 months led by Angola and Saudi Arabia, a survey showed, further reducing compliance with output targets. Supply from the 11 OPEC members with output targets, all except Iraq, is averaging 26.80 million barrels per day (bpd), up from a revised 26.69m bpd last […]

Paris Urges Firms to Set Up Shop in Iraq

Following last week’s positive statements from France’s Ambassador to Iraq, France’s Industry Minister Christian Estrosi urged French companies to open offices in Iraq and claim a share of the lucrative investment opportunities in the country. He added that the French government will open a major agricultural centre in Kurdistan to train workers in the agricultural […]

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 […]