Author Archive | Antony

ExxonMobil Plans 4% Spending Boost

US super major ExxonMobil will increase its capital spending by nearly 4% this year to $28 billion as it evaluates new fields around the world, but it cautioned that the global economy remained unsteady. ExxonMobil, the world's largest publicly traded oil company, also said it had completed initial tests at Iraq's West Qurna field, where […]

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Academic Warns of Hammour Extinction

An Academic warned on Wednesday of the extinction of Hammour fish in  Iraqi territorial waters and in the Gulf. “The sea sciences center of the Basra University has adopted several precautionary measures to increase the number of Hammour,” the center’s media official, Hashem Zaki, told Aswat al-Iraq news agency. “The center will work on increasing […]

Symposium to Discuss Trade, Investment in Karbala

The Chamber of Commerce in Karbala has held a symposium to discuss trade and investment in the province, the chamber’s head said on Wednesday. “The symposium included a number of officials and traders, as well as parliamentarians, local government members and more than 60 Iraqi traders,” Nabeel al-Anbari told Aswat al-Iraq news agency. The symposium […]

Iraq Aims to Limit Inflation

The Iraq Central Bank Governor said that the policy of the Bank is based on encouraging funds to Iraqi banks and not the other way round in order to limit inflation in Iraq. The Iraq Central Bank is keen to raise interest rates to make it equivalent to the rate of inflation in the country […]

Iraq Expects to Step up T-bill Activity in 2010

Iraq expects to step up its Treasury bill activity in 2010 to help plug continuing budget deficits and foster a secondary treasury market, the Central Bank and Finance Ministry said in a submission to the IMF. Iraq, only just emerging from sectarian war but still battling a stubborn insurgency, also wants to develop foreign exchange […]

Investment Gap ID36 Trillion in 2010

The investment gap in Iraq in 2010 is ID 36 trillion, an economist said on Wednesday. “Investment allocations in 2010 are below expectations,” Kamal al-Basri told Aswat al-Iraq news agency on Wednesday. He said that the allocations delay governmental programs and extend Iraqi people’s suffering. (Aswat Al Iraq)

New Airport for Salahuddin

The Iraqi Civil Aviation Board has given its approval for plans for a new international airport in Salahuddin  province, Meed has reported. The $140m airport will have capacity for some two million passengers every year, and will comprise one runway and one taxiway, the Salahuddin Investment Commission said. The airport is expected to open in […]

Claims to Trace the 850 Billion Dinars Dedicated As Social Benefits of the Three Presidential Bodies

The Accountability and Transparency Department, a non-governmental organization, held a seminar on promoting standards of financial transparency in the city of Najaf last week. Mr. Hussein al-Kaabi, head of Accountability and Transparency, said, "One of the foundations of democratic states is the freedom of access to information in order to enhance accountability." Kaabi said, "The […]

Iraqi Provinces to Reap $1 per Barrel

Iraqi provinces will have the right to reap $1 from each barrel their oil fields produce, the cabinet has announced. The decision is part of the draft projects which need to be approved by parliament before turning into law. Government spokesman Ali al-Dabagh said the government hoped parliament will pass the draft law and that […]

Abadan Exports Exceed 320m litres

Some 322.9 million liters of gas oil have been exported to Iraq via Abadan from March 20, 2009 to March 6, 2010. During the period some 920,000 liters of gas oil were exported daily to Najaf and Baghdad power plants, SHANA News Agency reported on Wednesday. Iran exported some 188 million liters of kerosene and […]