Dubai-based logistics company Anham said the US Government directed it to resume work on the implementation and to ramp up food and non-food distribution and support services in Kuwait and Iraq. "We are, and have been, fully prepared to work as prime vendor immediately," said David Braus, Managing Director for Anham. "Complemented by strong and […]
Arbil governor discussed on Tuesday with an Iranian delegation. “A delegation from the Iranian embassy visited Arbil on Tuesday and discussed ways of cooperating in investment and commercial operations between the two countries as well as the development of Arbil,” Nouzad Hadi told Aswat al-Iraq news agency. “We will facilitate the work of all companies […]
The Central Bank of Iraq’s (CBI) dollar sales went down to reach $168.878 million in its daily auction on Tuesday, compared to $176.080 in the previous session. “The demand hit $8.870 million in cash, covered at an exchange rate of 1,183 Iraqi dinars per dollar, and $160.008 million in foreign transfers outside the country, covered […]
The Gulf Bank will hold a symposium on Wednesday (May 12) to discuss legal challenges that will face digital banking systems. “The symposium will show that there are needs to legislate new regulations to meet the digital developments in the banking systems,” a source from the bank told Aswat al-Iraq news agency on Tuesday. He […]
Norwegian oil and gas producer DNO International (DNO.OL) gave no guidance as to when it expects to restart oil exports from Iraq when it published first-quarter results that beat forecasts on Tuesday. "The process is moving ahead but we have no information about when things will happen," Managing Director Helge Eide told a news conference. […]
An official source with the Oil Ministry said the ministry is currently developing several oilfields shared with neighboring countries including the oilfield, "Badra" with the Iranians.
Dubai Gulf airlines are looking at the lucrative Iraqi market for increased passenger traffic. Dubai's Emirates yesterday said it will launch flights to Baghdad from July 1, following the announcement by Etihad Airways.
“The World Bank’s agreement allowed a Danish company to implement the project, in cooperation with a local company,”
Iraq's Electricity Ministry has invited foreign companies to bid to install 20 gas turbines that would boost the country's power capacity by 2,500 megawatts in the next few years.
Banks in the Middle East and Africa saw stable outlooks at a very high level of 92.8 per cent at the end of the first quarter, a latest report on Global Banking Trends Q1 2010 by Fitch Ratings said.
By Mark A. DeWeaver, of Quantrarian Asia Hedge Two good rules for emerging stock market investors have always been: (1) buy crises and (2) buy export booms. The first would have worked well in Sri Lanka in the weeks following the Tamil Tiger suicide attack on the country’s main airport in July, 2001. Had you […]
The government has slashed subsidies to Iraqi wheat and barley growers, fuelling farmers’ anger across the county. Director-General of Iraq’s Grain Board, Hassan Ibrahim said the prices the government paid for wheat and barley were much higher than those prevalent on international markets. This year, wheat growers will get 650,000 Iraqi dinars ($500) instead of […]
