The Iraqi port of Umm al-Qasr on Thursday received a merchant ship carrying 16,000 tons of sugar, the public relations and media director at the State Company for Iraqi Ports said. “The port received a Liberian ship carrying 16,000 tons of sugar,” Anmar al-Safi told Aswat al-Iraq news agency. “The port received also a Panamanian […]
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CBI Sells $82 Million on Thursday
The Central Bank of Iraq (CBI) dollar sales went down to reach $82.740 million in its daily auction Thursday, compared to $110.862 million in the previous session. “The demand hit $2.650 million in cash, covered at an exchange rate of 1,183 Iraqi dinars per dollar, and $80.090 million in foreign transfers outside the country, covered […]
Tags: CBI, Iraq Banking & Financial News
Iraqi Construction Firms Implement ‘strategic’ Projects
State run firms belonging to the Ministry of Housing and Reconstruction are capable of executing “any project assigned to them,” according to an official statement. The statement, quoting Housing and Reconstruction Minister Bayan Dazai, said: “The ministry has reinstated in the past four years all its companies destroyed after the events of 2003.” Iraq had […]
Chlorine for Baghdad
Baghdad Directorate said that it has received 16000 tonnes of chlorine to antisepticise water at a cost of 20 billion dinars. A source in the directorate said that the chlorine was imported from international manufacturers and will be used to disinfect water produced by Baghdad Directorate to guarantee clean water in compliance with international standards […]
Ministry Cleans Streams
A source in Iraq Ministry of Water Resources said that the Ministry has cleaned streams in Al Zab project in Al Hamadaniah region and Al Namroud neighborhood in Mosul. The aim of these works is to irrigate an area of 12000 dunom. It is to be noted that the Ministry of Water Resources has took […]
Iraq to Upgrade Airports in Bid to Attract More Airlines
According to a report in Gulf News, the Iraqi government is approving master plans for airport investment around the country as it seeks to attract more airlines. A vision for the expansion of Baghdad International Airport has been in place for the past five years, but the government has now approved the master plan, said […]
Election Update – al-Maliki in the Lead
BBC reports that the first partial results have just been released. The provinces of Najaf and Babil, in the Shia south, give Mr Maliki's State of Law coalition 124,734 votes in total, with at least 30% of votes counted, followed by 103,583 for the Shia-dominated Iraqi National Alliance. Final results for all 18 provinces are […]
Now the Real Work Begins
Sunday's election was long anticipated and keenly contested, and it will take many more weeks of negotiations before we finally know how the next government will look. Democracy is hard work, but most now seem to accept that it is vastly preferable to the alternatives. And while the horse-trading continues, it's essential that those in […]
Tags: Blog
Iraq Buys Ten 787 Dreamliners
Iraq has signed a deal with Boeing to buy ten 787 Dreamliners on behalf of its flag carrier, Iraqi Airways, the National has reported. The contract was reported on the Boeing website this week, although the deal was apparently concluded on December 22. The aircraft are worth a total of $1.7bn at list prices, but […]
Tags: Aircraft, Transportation
ISX Up 1.2%
The Iraqi Stock Exchange (ISX) index went up on Tuesday by 1.2% to close at 99 points as 13 out of a total of 37 quoted shares traded during today’s session went up. 10 companies’ shares went down, while 14 retained their previous prices. The number of traded shares hit 7.285 billion worth over 8.597 […]
Tags: Industry & Trade
Unauthorized Construction Material Warning
The Ministry of Planning has warned citizens against dealing with unauthorized construction materials, a ministerial statement said on Tuesday. “A source from the Central Organization for Standardization and Quality Control (COSQC) of the Ministry of Planning and Development Cooperation (MoPDC) warned citizens against a number of local and imported goods as they lack basic requirements,” […]
CBI’s Dollar Sales Drop to 85m on Tuesday
The Central Bank of Iraq’s (CBI) dollar sales fell to $85.010 million in its daily auction on Tuesday, compared to $183.530 million in the previous session. “The demand hit $5.01 million in cash, covered at an exchange rate of 1,183 Iraqi dinars per dollar, and $80 million in foreign transfers outside the country, covered at […]