The Trade Bank of Iraq (TBI) has doubled the maximum value of Letters of Credit it allocates to the private banking sector in Iraq. Last year alone 945 Letters of Credit were allocated to private banks, at a value of approximately $500m. The total number allocated to private banks by TBI is 2,446, at a […]
Archive | 2010
Estonian Residential Compound for Diwaniya
The head of the Diwaniya Investment Commission said on Tuesday that Estonia’s Kondra company will set up a residential compound in the province. “The commission signed a memorandum of understanding with Estonian Kondra SVA Ltd. to establish a residential compound in the province,” Hakem al-Khuzaaie told Aswat al-Iraq news agency. ( Aswat Al Iraq )
Turkish interest in Basra
The governor of Basra has met with the Turkish consul to discuss possible investment opportunities in the province, an official statement said on Tuesday. The meeting was also attended by members of a Turkish association, according to a statement released by the governor’s office and received by Aswat al-Iraq news agency. The visit aims to […]
54 Schools Established in Diwaniya
The U.S. Provincial Reconstruction Team (PRT), in cooperation with the local government of Diwaniya has established 54 schools at a cost of $20 million throughout the province, according to a team media advisor . “The modern schools will replace the clay schools throughout the province,” Ahmad al-Qasier told Aswat al-Iraq news agency, noting that the […]
Debts and Doubts Delay Kirkuk-Cehyan Oil Pipeline
By Energy Hedge Funds Syndicate The delay in the renewal of the agreement for the operation of the Kirkuk-Ceyhan oil pipeline has served as a reminder of the many obstacles that still have to be overcome if the line is ever to fulfill its potential, both as an export route for Iraq and as a […]
BP Awards $500mn Oil Services Contracts in Iraq
BP and partner CNPC have awarded $500 million drilling contracts to raise production from the Rumaila oil field.
Iraq Election Victory Has Potential to Turn to Ashes
The slender margin generated by Iyad Allawi, the slightly more secularist candidate , over the incumbent Prime Minister Maliki, has all the indications of turning to ashes.
U.S.'s Leedco Wins Iraq Airport Contract
Leedco Engineers Inc, the privately held Californian engineering consultancy, has won a $50 million contract for construction of an international airport in Iraq, Reuters reported on Tuesday. The airport is to be built in Salahuddine Province in northern Iraq as an alternative to Baghdad International Airport, said Jewher Hamad al-Fahel, the head of the province's […]
Italian Companies in Strategic Study of Water Resources
According to Eye media company, the Ministry of Water Resources announced that they will began negotiations with Italian companies on a strategic study of water and land in Iraq. According to a statement issued by the Ministry of Water Resources, the ministry announced that it was preparing a strategic study for long-term water resources. This […]
Tags: Public Works
Indian Company Seeks to Invest in Wassit
An Indian company has expressed its desire to invest in Wassit, the president of the Wassit Investment Commission said on Monday. “A delegation from an Indian company expressed its interest in implementing investment projects in the housing and agriculture sectors,” Dr. Sattar Jaber told Aswat al-Iraq news agency. “The company presented a request to allocate […]
Tags: Industry & Trade
Baghdad Construction Projects
This month (March 2010), investment permits have been awarded to several projects in Baghdad including companies working in the fields of housing, tourism and hotels. “Eight investment permits have been given to a number of companies. Housing projects were given a priority,” the Investment Commission in Baghdad said in a statement received by Aswat al-Iraq […]
Tags: Airport, Baghdad, Construction & Engineering, Development, Industry & Trade, Investment, Iraq, Iraqi, Ministry, Public Works
Combat Desertification Day
An official source in the Iraqi government on Monday, announced the Sixth of July of each year as National Day to Combat Desertification. A statement from the National Center, received by Eye Media, says the Cabinet decided to make the sixth of July, the National Day to Combat Desertification. It provides for the establishment of […]
Tags: Agriculture, Combat