Internet calling service Skype Ltd. said Tuesday that it continues to see growth opportunities in the Middle East despite being banned in parts of the area and is optimistic about the company's growth potential in Asia. "There are a couple of governments that officially banned Skype...but what we see in most of the developing world […]
The Iraqi Water Resources Ministry began work on Tuesday to implement a water management project in Karbala province. “The project is to be executed by the ministry’s staff,” the ministry said in a release as received by Aswat al-Iraq news agency. It said that the project is funded by Iraq with ID5 billion, but executed […]
Canon Middle East, an innovator and provider of imaging solutions for businesses and consumers, has pledged its support for computer summer camps being organized by educational authorities and universities throughout the region from June 1 to October 31, 2010. They will be overseen by the ICDL GCC Foundation, the governing body and certification authority of […]
Iraq’s current five-year development plan is expected to create 3.5 million new jobs, the Ministry of Planning and Development cooperation said. In a statement faxed to the newspaper, the ministry said under the 2000-2015 plan 2700 major projects are to be constructed across the country. “The implementation of the plan is certain to reduce unemployment […]
Prime Minister Barham Salih today in London told more than 500 delegates at a major conference that Kurdistan welcomes foreign business and invited international companies to participate in Kurdistan’s economic progress. Speaking at the Kurdistan Region Trade and Investment conference, the Prime Minister said, “Kurdistan welcomes foreign businesses with open arms. Foreign investment has played […]
The United Arab Emirates will double its current investment in Iraq’s semi-autonomous Kurdistan region to $6 billion by 2013, said Abdullah bin Ahmed al-Saleh, director general in the emirates’ Ministry of Foreign Trade. Kurdistan is a important partner for the U.A.E., which is keen to “develop and upgrade” ties between them, al-Saleh told delegates today […]
Dubai-based construction firm Al Habtoor Leighton Group is in discussions over a $700 million offshore project in Iraq as it seeks more business outside the difficult UAE market, its CEO said on Tuesday. Al Habtoor, an affiliate of Australia's Leighton Holding, is also eyeing a new infrastructure contract in Saudi Arabia and two in Oman […]
A delegation from Baghdad council has held a meeting with the head and members of the Najaf council to learn about the Najaf experience of reconstruction and investment in the field of infrastructure , Ahmad Nouri al-Dajieli, director of the Najaf council information department, told Aswat al-Iraq news agency. The meeting aimed to sign several […]
Iraq Oil Minister Hussein Shahristani said that the daily fluctuation in oil prices is normal adding that the oil market is generally stable. The ups and downs in prices are not expected to affect the Iraq budget which relies on crude oil exports, he said. The current prices are acceptable to Iraq, Shahristani added. ( […]
Iran has discovered 30 billion barrels of oil in place at a southwestern oil field that borders Iraq, the Jomhuri-ye Eslami newspaper reported yesterday. “An Iranian company along with a Chinese company are preparing the ground for exploration of oil in the Arvand-Kenar field that has 30 billion barrels of oil in place,” the daily […]
The president of Iraq's semi-autonomous Kurdish region says that it could resume oil exports as soon as a new federal government is formed in Iraq. Massoud Barzani says his Kurdish Democratic Party is in talks with Baghdad to form a new government that "doesn't exclude any party." He says that oil-rich Kurdistan has resolved most […]
The Prime Minister of Iraqi Kurdistan, Barham Salih, told more than 500 delegates at a major conference in London that Kurdistan welcomes foreign business, and invited international companies to participate in Kurdistan’s economic progress. Speaking at the Kurdistan Region Trade and Investment conference on Tuesday, the Prime Minister said, “Kurdistan welcomes foreign businesses with open […]
