A list of 10 out of a total 52 companies were selected to start work on the first stage of the 10×10 project to rebuild Sadr City, according to a press release by mayoralty’s information office on Tuesday. “The 10×10 project envisages the construction of 75,000 housing units over an area of 14 square kilometers […]
Author Archive | adrianshaw
Call for Cabinet to Contribute in Al Faw Grand Port
The General Company for Iraq Ports has called on the government to contribute to Al Faw Grand Port which is expected to be implemented by foreign companies and to guarantee that these companies will not control the port. The Company Chairman Salah Khaddir said that such a step would ensure the future by imposing sovereignty […]
Tags: Al Faw Grand Port, Transportation
Etihad Launches Non-stop Flights Between Abu Dhabi and Erbil
UAE flag carrier Etihad Airways said it has commenced non-stop flights from its home base in Abu Dhabi to Erbil, becoming the first UAE carrier to operate to northern Iraq. The carrier operates two return services per week with two-class Airbus A320 aircraft. The commencement of Etihad's services to Erbil follows the successful launch of […]
Ministry of Transport: Continuation Travel Trips Between Amman, Baghdad
The Iraqi transport ministry has assured continuation of organized travel trips between Iraq and Jordan and vice versa by modern buses. A press statement issued by the ministry said that the state company of traveling and delegations, a company that belong to the ministry, is continuing to organize trips between Amman and Baghdad and vice […]
Electricity Bills Jump
100 percent increases in electricity charges are being received by Iraqis in an attempt to reduce power cuts. Demand has risen since the 2003, but the national grid still only supplies a few hours of electricity a day. The Electricity Ministry announced that it would send invoices on June 1 for the previous two months […]
Tags: Electricity In Iraq, Public Works
2 Sewage Projects Completed in Karbala
The extension of two sewage networks has been completed in Karbala at a cost of 32 billion Iraqi dinars , the head of the reconstruction and strategic planning committee said on Tuesday. “A local company has finalized the project at a cost of 32.515 billion Iraqi dinars,” Dr. Abbass Nasser Hasani told Aswat al-Iraq news […]
Approval on Service, Hygienic Projects in Basrah
Basrah province council, in its session held at the beginning of the current week, approved 49 water and hygienic projects which exceeded 130 Billion dinars funded from oil income and province borders taxes. In a statement to the committee, chairman of development and construction in local government Mustafa Ateeh, said to Eye media agency "The […]
Tags: Basra News, Public Works
ISX Index Up 0.4%, Closes at 93 Points
The Iraqi Stock Exchange (ISX) index went up by 0.4% to close at 93 points as prices of 11 out of a total 29 firms traded in today’s session saw better times. Tuesday’s session saw more than 395.378 million shares exchanging hands at more than 563.872 million Iraqi dinars (roughly $482,000) through 249 deals, with […]
Baban Calls 0n Provinces to do More
Iraq Minister of Planning Ali Baban called on Iraq Provincial Councils to introduce strategic programs as part of the framework of the 2010 Budget. The Minister said that the complementary budget was approved in some provinces a while ago which is a positive step which allows the provinces to start important projects which were delayed […]
Cash transferred to 3 Countries for Displaced Persons
The Iraqi cabinet has approved the transfer of 5.9 billion Iraqi dinars to Iraqi banks in Lebanon, Syria and Jordan to give cash to displaced families, according to the government’s spokesman Ali al-Dabbagh on Tuesday. “The move comes in a bid to improve the living standards of those families that were forced by acts of […]
CBI Dollar Sales Down to $121m
The Central Bank of Iraq (CBI) dollar sales went down to reach $121.220 million in its daily auction Tuesday, compared to $146.493 million in the previous session. “The demand hit $2.170 million in cash, covered at an exchange rate of 1,183 Iraqi dinars per dollar, and $119.050 million in foreign transfers outside the country, covered […]
Tags: CBI, Iraq Banking & Financial News
Iraq-Iran Eyeing Major Oil Push
Both Iraq and Iran are set to play a bigger role in the world's oil markets as the technology to develop heavy oilfields grows, it was revealed. 'While estimates of Iraq's oil reserves suggest it in the region of 112 billion barrels that figure was calculated some 18 years ago,' Iraq-British Business Council chairman Mustafa […]
Tags: Oil & Gas