Ten new water projects are underway in al-Muthana province. “The projects aim to improve water services in al-Muthana,” a local source told Aswat al-Iraq news agency on Wednesday. He noted that there could be a potential shortage in water during the summer. ( Aswat Al Iraq )
Author Archive | adrianshaw
Protest at Deteriorating Security Situation
Employees of the State Company for Mechanical Industries in Alexandria organized a sit-in protest on Wednesday against terrorist operations affecting Iraqi workers. Trades unions members of the Iraqi State Company for Mechanical Industries staged a sit-in protest and spoke in memory of victims of terrorism. The statement said the protest came at the invitation of […]
Conference on Investment Problems in Najaf
The Najaf Investment Commission held a conference on Wednesday to discuss problems facing investments in the province and to find a mechanism to attract investors. The conferencediscussed a number of housing projects and difficulties facing this sector. The conference also covered the importance of activating the amended investment law as well as the role of […]
Iraq Cuts June Crude Supplies
Iraq will supply crude to at least two Asian buyers at around 10 percent below contract volumes for June, possibly the first major cut in allocations by the OPEC producer this year, industry sources said on Wednesday. The cut was on medium-heavy Basrah Light crude, they said. It was not immediately known why Iraq cut […]
Iraq Aims at 27,000 Megawatts in Four Years
The Iraqi government is determined to boost power output to 27,000 megawatts in four years, said Electricity Minister Kareem Waheed, and it should invest $3-4 billion annually to meet that target. Waheed said the target to produce the massive amount of electricity that will meet Iraq’s domestic needs is attainable. The ministry is known to […]
Tags: Public Works
Iraqi Ambassadors Asked to Attract Investors
The Iraqi Finance Minister, Baqer al-Zubaidi, urged Iraq's ambassadors to make efforts to attract investments to Iraq, according to a ministerial statement. “Al-Zubaidi received on Wednesday (May 12) Iraq's ambassadors to Germany, Slovakia, the Czech Republic, Kuwait , Japan and Norway,” said the statement received by Aswat al-Iraq news agency. “The minister called on the […]
Tags: Investment
Iraq Increases Port Rentals
Iraq Minister of Transportation Amer Abdul Jabbar Ismail said that the rentals of the ports and naval agencies and the incomes thereof increased from 10 to 50% in the light of the achievements in Iraqi ports due to the inauguration of the first project directed by a French company for a container berth and number […]
Anham to Resume Work in Kuwait, Iraq
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 […]
Tags: Industry & Trade, Kuwait
Arbil Governor Discusses with Iranian Delegation Commercial Cooperation
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 […]
CBI Dollar Sales Down to $168m
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 […]
Gulf Bank to Discuss Legal Challenges of Digital Systems
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 […]
DNO Silent on Iraq Export Timing, Q1 Tops View
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. […]