A Russian company met with Basra's Governor, Shaltagh Abboud al-Mayah, on Thursday to discuss new investment projects in the oil sector, according to a report from Aswat Al Iraq. “Talks addressed the rehabilitation and reconstruction of the oilfields,” the source said. “The company presented a study on the Basra oilfields and ways to solve their […]
Author Archive | adrianshaw
Diala Finishes Barley Harvest
Diala on Wednesday has finished the barley harvest throughout the province. “Diala has also finished around 50 percent of the wheat harvest,” a local source told Aswat al-Iraq news agency. He noted that wheat and barley production in Diala has increased by 100 percent compared to the last six seasons. ( Aswat Al Iraq )
New Bus Station in Thi-Qar
The Iraqi Transportation Ministry has finalized the project of a new bus station in Thi-Qar province. “The project’s total cost was ID355 million,” the ministry said on Wednesday as received by Aswat al-Iraq news agency. Nassiriya, the capital city of Thi-Qar province, lies 380 km south of Baghdad. ( Aswat Al Iraq )
Tags: Bus Station, Transportation
ISX Launches New General Indicator
The Iraqi Stock Exchange (ISX) on Wednesday launched its new indicator after the number of appointed companies increased to 40. “The IEX launched a new general indicator after the increase of the appointed companies to 40, including the seven sectors listed in the ISX,” the ISX said in a statement received by Aswat al-Iraq news […]
D1b to Clean Baaquba
More than ID1 billion has been allocated to carry out cleaning campaigns in Baaquba city. “The exact allocated amount is ID1.125 billion,” a local source told Aswat al-Iraq news agency. He noted that the campaigns will last for one year, and will be carried out by 350 workers. Baaquba, the capital city of Diala province, […]
CBI Dollar Sales Down to $110m
The Central Bank of Iraq (CBI) dollar sales went down to reach $110.862 million in its daily auction Wednesday, compared to $121.220 million in the previous session. “The demand hit $1.970 million in cash, covered at an exchange rate of 1,183 Iraqi dinars per dollar, and $108.892 million in foreign transfers outside the country, covered […]
Tags: CBI, Iraq Banking & Financial News
AAIB Appoints New Divisional Director
Leading High Risk Insurance Specialist Opens Second Iraq Office AAIB Insurance Brokers, the leading Iraq insurance provider, has appointed Mr Michael Carr FCII as the Divisional Director of its Iraqi registered company Al Fajer Insurance and Reinsurance Brokers. He will be based at AAIB’s latest office to open in Iraq, located in the southern city […]
Austrian Companies Explore Opportunities in Kurdistan
Eighteen Austrian companies participated in a trade mission to the Kurdistan Region, touring Erbil, Suleimaniah and Dohuk governorates, to explore commercial opportunities in a variety of sectors. The Austrian Commercial Office in Erbil hosted a banquet, attended by several Kurdistan Regional Government officials, to mark the successful visit. Dr Richard Schenz, Vice President of the […]
Tags: Industry & Trade
Chinese Company Considering Projects in Basra
A Chinese company discussed on Wednesday with the Basra Investment Commission (BIC) implementing projects in electricity, agriculture and transport sectors, head of the BIC said. “The projects include the establishment of a power plant with a production capacity of 600 MW to use it in the oil projects, which are being implemented by foreign companies […]
Tags: Public Works
Custom Building in Mosul Renewed
Engineering in Nineveh Province finished today on the renovated customs Directorate building in Mosul in the Northern Region at a cost of 200 million dinars. The supervising engineer Ahmad Al Tai said that the engineering team started rehabilitating the main building in the first phase. Afterward it set an outdoor fence in a way that […]
$6 Million Residential Project in Baghdad
The Baghdad Investment Commission on Tuesday approved a residential project in the capital at a cost of $6 million, according to the head of the commission. “The commission’s board agreed to give an investment license to establish a residential project in Haifa street in Baghdad,” Shaker al-Zameli said in a statement received by Aswat al-Iraq […]
4 Projects in Amara at ID4b
Four projects for sidewalks in the city of Amara were finalized at more than 4 billion Iraqi dinars (ID) as part of the Provincial Development Budget (PDB) appropriations, according to the Amara municipality chief on Tuesday. “A consortium of local firms finalized the project of Abu Rimmana sidewalks at 1.481 billion dinars and the al-Oufiya […]
Tags: Amara, Construction & Engineering