The Iraqi Stock Exchange (ISX) will be closed from September 9-13 due to the Muslim holiday of Eid ul-Fitr. Trading will resume on September 14. Border crossings and airports in Kurdistan will remain open.
The Baghdad Municipality is to build three major housing projects in the capital’s outskirts for low-income families. Azzaman report that the projects, work on which is to start soon, will include 395,000 housing units and will be sold to low-income families at reduced prices, according to Hakeem Abedzahra, the municipality’s spokesman. The first project of […]
Iraq has tightened security around oil infrastructure and oilfields in the south, in response to intelligence suggesting al Qaeda and other insurgent groups plan to attack oil facilities, a security official said. Reuters reports that Ali al-Maliki, head of the municipal security committee in the southern oil hub of Basra, said the information indicated that […]
U.S. Commerce Department said on Wednesday that it will lead an historic trade mission to Iraq in October, the first since the end of the U.S. combat mission in Iraq. Francisco Sanchez, under secretary of Commerce for International Trade, will lead the mission, which will include representatives from 15 U.S. companies including Boeing and General […]
Authorities in Iraq say they will install “giant power generators” in Baghdad in their latest bid to put an end to power shortages. The plants will have capacities of about 5MW - hardly 'giant', but the plan is to have more than 500 of them in place throughout the city by next summer, operated by […]
Reuters reports on Sunday that the cut in Baghdad's allocation of fuel to Iraqi Kurdistan is related to the admission last month that the region is has been exporting petroleum products through Iran. We reported at the weekend that the cut was in response to the new gas agreement between the Kurdistan Regional Government (KRG) […]
Seven years after the invasion that ousted Saddam Hussein, Iraq largely has been unable to revamp business laws that would help make the country more attractive to investors, according to a report from Bloomberg. “Investors still note security concerns, but now are more likely to cite regulatory hindrances and other practical barriers to doing business,” […]
More than 150 local and foreign firms will participate in the Basra Construction International Fair that will take place by the end of this month, according to a report from Aswat al-Iraq. “Most of the participating firms are either foreign or Arab,” said a local source. The fair will start on Sept. 24th and end […]
Iraq is expected to achieve self-sufficiency in wheat production during the next two years thanks to the government’s large subsidy to farmers and encouragement to cultivate grains, a trade ministry official said on Sunday. “The targeted self-sufficiency can be achieved also due to an increase in prices of the amounts given to the trade ministry’s […]
Karbala's Investment Commission signed a Memorandum of understanding (MoU) on Saturday with eight Romanian companies to implement a number of housing, agricultural and industrial projects in the province. “The projects includes the construction of 1,000 building units over an area of 10 hectares [40 donums] equipped with all facilities as well as the building of […]
A Dutch company will design a model for low-cost housing in Maysan [Missan], a spokesperson for the Dutch companies in Missan last week. “A Dutch group specialized in housing projects has agreed with the State Ministry for Marshes Development to design low-cost houses,” Jaseb al-Marsoumi told Aswat al-Iraq news agency. “The government will receive the […]
The Mayor of Baghdad has inaugurated new al-Nahrwan bridge, which links Baghdad to northern and southern Iraqi provinces and helps traffic of trucks to the northern areas of the country without having to pass by the capital, according to the Baghdad Mayoralty in a statement on Sunday. “The project, a vital one for the movement […]
