The Integrity Commission has been able to reduce the 77m Iraqi dinars embezzled from the Ministry of the Environment by recovering funds in a raid on the defendant’s home. After a court case lasting three days a statement said the main defendant in the case had misappropriated the funds by issuing fake cheques and through […]
Author Archive | adrianshaw
Kirkuk Emergency Meeting with US
The Kirkuk council has held an emergency meeting with the U.S. forces and the local reconstruction center to discuss joint projects, a local media source said on Sunday. “The meeting tackled joint projects that could be carried out by the U.S. forces and the Kirkuk Reconstruction Center to improve the city’s services …,” the source […]
Tags: Public Works, US
Wool Exported to Iran
Local wool has been exported to Iran through the Abu Falous Port in Basra province, the public relations and media director at the State Company for Iraqi Ports said on Sunday. “The Iranian ship Rahmat has landed at Abu Falous Port to transport Iraqi wool to Iran,” Anmar al-Safit told Aswat al-Iraq news agency. ( […]
Iraq to Build 1 Million Housing Units
The government has decided to build 1 million new housing units as part of its 2010-2014 development plan, government spokesman Ali al-Dabagh said. Dabagh said the government hoped the project will ease the current housing crisis when completed. He said flats will be sold to the public at affordable prices and in easy-to-pay installments. He […]
Asiacell to Change Currency
As part of its ongoing commitment to the development of the Iraqi economy, and its aim to advance the financial situation in Iraq, Asiacell, the largest private Iraqi company, has announced plans to change the currency it uses from US dollars (USD) to the Iraqi dinar (IQD). Asiacell's decision to implement this currency switch is […]
Tags: Telecom, Telecoms/Comms
Ban on Potato Seed Imports
Iraq’s Ministry of Agriculture has banned the import of potato seeds and called for people to rely on local products. Potatoes will be subject to examination by an an ad hoc ministerial committee, according to a Ministry release on Sunday. “The decision was taken after an important meeting held by the Under Secretary of Agriculture […]
Tags: Agriculture, Baghdad
Erbil's New Airport: a Week's Work in a Day
By Aiyob Mawloodi Erbil's new international airport is expected to shoulder a heavy load in the development of the city, the region, and the country. The General Manager of Erbil's new airport, Mr. Stafford Clarry, announced in a press conference on Wednesday, March 24, that the new Erbil International Airport has started flights as a […]
ISX Down 94.8 Points
The Iraqi Stock Exchange (ISX) index this week went down to register 94.8 points with trading worth 3.4 billions Iraqi dinars, compared to last week which registered 97 points. Traded shares this week worth around 3.425 billion Iraqi dinars ($2.9 million) through 1282 deals with non-Iraqi investors completing 175 deals worth 645.615 million Iraqi dinars, […]
Tags: Baghdad, Industry & Trade
Re-basing the Iraqi Dinar
The Central Bank of Iraq is planning to rebase the Iraqi dinar but hasn't decided yet on the timing of the move, the bank said in a statement last week. Affirms its commitment to its strategic projects, particularly knocking three zeroes from the Iraqi dinar," the statement said. "Despite the technical and logistical preparations for […]
New Stock Market for Diwaniya
The U.S. reconstruction team in Diwaniya has held a conference to establish a stock exchange in the province, in cooperation with the local government. “The conference was held at the headquarters of the Diwaniya Chamber of Commerce”, a media adviser in the team, Ahmed al-Quseer, told Aswat al-Iraq news agency. The U.S. team has helped […]
Tags: Industry & Trade
Compressors for Basra
The project to install and operate central air compressors at the shipyard of the Iraqi Ports Company in Basra has been completed. “The compressors are of the reciprocating type,” Anmar al-Safi, the company’s media director, told Aswat al-Iraq news agency on Thursday. He said that the project was executed by the company’s technical staff. ( […]
Tags: Basra News, Transportation
Electricity boost for Diwaniya
In cooperation with the local government, the U.S. reconstruction team has inaugurated an electricity transformer station that supplies power to 10 neighborhoods in Diwaniya. “The station will reduce the load currently placed on the stations of al-Jazaer and al-Malaab,” a media advisor in the team, Ahmed al-Quseer, told Aswat al-Iraq news agency. The cost of […]
Tags: Public Works