Qatar Telecommunications Co QTEL.QA (Qtel) announced on Wednesday that it more than doubled its first-quarter net profit, beating analysts' expectations. They posted a first quarter net profit of 1.2 billion riyals ($329.8 million), compared with 593.7 million riyals a year-ago. Analysts polled by Reuters expected a first quarter net profit of 644.7 million riyals.[nLDE63A03Y] Expected […]
Author Archive | adrianshaw
Tags: Qatar, Telecoms/Comms
Iran Trade With Iraqi Kurdistan to Expand
Iran and Iraq's Kurdistan Regional Government (KRG) agreed to increase bilateral trade in the current year, a Kurdish official announced on Monday. "The volume of trade between Iraqi Kurdistan and Iran will increase to $4 billion this year," a member of the Iraqi Kurdistan's Legislative Council, Feiz Ali Khorshid, told Fars News Agency. The meeting […]
Tags: Industry & Trade
Basra Bridge Budget Increased to ID500m
The Basra council decided on Wednesday to increase funds allocated to the al-Tanouma bridge project from 125 million to 500 million Iraqi dinars ($424,000), according to the chairman of the Basra council according to the Aswat al-Iraq news agency. “The extra money will be used to overcome difficulties facing the project,” he explained. “The approved […]
Kurdistan Press Syndicate Honors Aswat al-Iraq’s Editor-in-chief
The Kurdistan press syndicate held on Wednesday a celebration on Kurdistan Press Day to honor 12 media men, who work for Iraqi, Arab and foreign agencies, including Aswat al-Iraq news agency editor-in-chief, Zuhair al-Jazaeri. The celebration, which was held in the Media hall in Arbil, was attended by Culture Minister Kawah Mahmoud and President of […]
Tags: Telecoms/Comms
New Gas Power Station in Wassit
The Wassit council has allocated 216 donums to set up a gas power station, chairman of the Wassit council said on Tuesday. “The council decided during its session on Tuesday (April 20) to allocate 216 donums to implement a gas power station project as it represents one of the strategic projects, which is included within […]
KIC Calls for Indian Trade
The Karbala Investment Commission has called for the establishment of an international center to exchange goods with India, media spokesman for the commission said on Tuesday. “The center will concentrate on exchanging goods and products between Iraq and Indian companies, which took part in the investment conference in Karbala,” Raed al-Asali told Aswat An investment […]
Iraqis in Vietnam to Foster Relations
An Iraqi diplomatic delegation on Tuesday held a meeting with the Vietnamese foreign minister, with whom they discussed ways of boosting diplomatic and economic relations, according to a foreign ministry’s statement. “The delegation, led by Undersecretary of Iraqi Foreign Ministry Labied Abbawi, expressed Iraq’s desire to strengthen relations with Vietnam in various domains,” said the […]
Iraq's Economic Tipping Point
The big political news in recent days was the announcement that votes are to be re-counted in the Baghdad district, which accounts for 70 of the parliament's 325 seats. With Iyad Allawi's Iraqiya party having apparently defeated incumbent Prime Minister Nouri al-Maliki's State of Law coalition by just two seats, any changes to the result […]
50 Chinese Firms Exhibit Goods at Fair in Southern Iraqi Province
A trade exhibition at the southern city of Nasiriya has drawn 50 Chinese firms, a senior provincial official said. “Nasiriya is now playing host to 50 Chinese firms exhibiting various products,” said Ali Fahad, a deputy governor. Nasiriya is the capital of Dhiqar Province, which mainly relies on agriculture as the mainstay of its economy. […]
Tags: Industry & Trade
$21 Million Residential Compound in Diwaniya
An Iraqi investor has received a license to build a residential compound in southern Diwaniya, according to chairman of the Diwaniya Investment Commission. “The commission provided a license to Abdulkarim Hatef al-Zubaidi, an Iraqi investor, to establish a residential compound in southern Diwaniya at a cost of $21.240 million within 36 months,” Hakem al-Khuzaie told […]
German Company Seeks to Increase Investments in Basra
A German company met with the Basra Investment Commission on Wednesday to discuss increasing its investments in the province, according to a commission official. “The IQ MARTRADE Company is considering investment in berth 8 at Khour al-Zubeir port, and is also keen to establish a factory to make oil pipes in the province,” Ahmad Wahied […]
Canadians Invest in 5,000 Housing Units in Baghdad
A Canadian firm is investing $299 million in 5,000 housing units in Baghdad. “The units will comprise a complete town including all the related services,” the Baghdad Investment Commission said in a release on Monday received by Aswat al-Iraq news agency. It said that at least 20 thousand people will live there. ( Aswat Al […]