The Central Bank of Iraq’s (CBI) dollar sales went down to reach $88.205 million in its daily auction on Sunday, compared to $137.925 in the previous session. “The demand hit $8.330 million in cash, covered at an exchange rate of 1,183 Iraqi dinars per dollar, and $79.875 million in foreign transfers outside the country, covered […]
Author Archive | adrianshaw
Tags: CBI, Iraq Banking & Financial News
Hitachi to Supply Spare Parts for Power Units
Iraqi Council of Ministers authorized the Electricity Ministry to sign a contract with the Japanese based firm, Hitachi, to supply spare parts for the Taji Power Station. “The decision reflects the cabinet’s interest in providing electricity to people,” Dr. Ali al-Dabbagh, the official spokesperson of the Iraqi government, said in a release on Sunday received […]
Tags: Public Works
New Toyota Dealership in Erbil Boosts Kurdistan’s Private Sector
Iraqi Kurdistan Region Prime Minister, Burham Saleh, said on Sunday that the inauguration of an new Toyota dealership in Erbil is a “significant step to develop the private sector in the region”. “The move is indicative of the confidence in the region’s government and its stability,” Saleh said in an address on the occasion. He […]
Tags: Industry & Trade, Kurdistan News
Removing Three Zeros from Iraqi Dinar will Help the Economy
Iraqi banking expert, Abdul Aziz Hasoon, said in phone call with the Independent that the process of removing three zeros from the Iraqi dinar will be positive for the Iraqi economy. He added that there were many countries that took the same step, including Turkey which removed six zeros from it is currency. Hasoon clarified […]
Lesson One - Learning Iraqi Arabic
Ryan, an American in Iraq, approaches Karim, an Iraqi, on a street in Baghdad. Ryan: MarHaba, ustaath. Hello, sir. راين: مَرحَبا أُستاذ. Karim: Ahlan wa sahlan. Shlohnak. Hello. How are you? کریم: أهلاً وسَهلاً ، شلونَك Ryan: Zehn. Al Hamdulillah. Aani ismi Ryan. Good. Praise be to God. My name is Ryan. راين: زین ، […]
Water Resources Minister Urges Dutch Companies to Invest in Iraq
Water Resources Minister Abdulatief Jamal Rashied on Thursday called on Dutch companies to invest in Iraq, mainly in irrigation projects, according to a ministry’s statement. “This came during his meeting with Dutch Ambassador in Baghdad Peter Van Liven, with whom he discussed ways of boosting bilateral relations in irrigation ,” said the statement received by […]
ISX Finishes Week with 0.7% Up
The Iraqi Stock Exchange (ISX) finished this week with an increase of 0.7% to close at 94.7 points as prices of shares of 21 out of a total traded companies went up during Thursday’s session. Some 1.787 billion shares worth 3.214 billion Iraqi dinars (roughly $2.7 million) were traded through 227 deals with non-Iraqi investors […]
CBI Dollar Sales Up to $137m
The Central Bank of Iraq’s (CBI) dollar sales went up to reach $137.925 million in its daily auction on Thursday, compared to $115.301 in the previous session. “The demand hit $4.780 million in cash, at an exchange rate of 1,183 Iraqi dinars per dollar, and $133.145 million in foreign transfers outside the country, at an […]
Reservations over Inclusion of Ukaz Gas in Third Round Bids
The Investment Commission in Anbar Province said that the Province Council has strong reservations over the Iraq Ministry of Oil’s intention to included the Ukaz gas field in its third round bid. The commission said that it will cooperate with the upcoming government if it establishes a plan of cooperation with the province council over […]
Tags: Oil & Gas
Industrial Products Fair in Karbala
An international industrial fair was opened in the holy Shiite city of Karbala on Thursday, with participation from 100 firms from all over the world. “Chinese, Spanish, Zimbabwean, Egyptian, African, Asian and Gulf countries are taking part in the 20-day international event,” Fahim Naji, the managing editor of the Chinese organizer, told Aswat al-Iraq news […]
Tags: Industry & Trade, Karbala
What is the Fate of Baghdad Metro?
An Italian Consortium called Iraq Public Company for Projects Implementation is affiliated to the Ministry of Transportation in order to participate in the implementation of the Baghdad Metro project. This follows the same procedure used to establishAl Fao great port. During a meeting between Baghdad Secretary Saber Al Issawi and the Italian Ambassador the company […]
Tags: Metro, Transportation
Najaf Prevent Entry of Imported Tomatoes
Najaf provincial council, on Wednesday has renewed its decision to ban imported tomato crops into the province. Media Centre said that the Council of Najaf province voted unanimously to renew the Board's recommendation No. (44) on 21/11/2009 to prevent distribution of tomato crops imported from outside the province to all outlets in the province. This […]
Tags: Agriculture, Tomatoes