Three local companies won a tender to transport oil derivatives from southern Iraq to the central provinces, an official spokesman for the oil ministry said on Tuesday. “The ministry needed local companies to transport oil derivatives as pipelines were damaged because of terrorist attacks,” Essam Jehad told Aswat al-Iraq news agency during the second stage […]
Iraqi police thwarted a bomb attack on a convoy transporting cash to and from Iraq's central bank on Tuesday, detonating it in a controlled explosion after clearing the area, according to a report from AFP. The bomb was planted in a rubbish skip in the Rasheed Street area in the heart of Baghdad, and the […]
Prime Minister Nouri al-Maliki and his main rival for the top position, Ayad Allawi, met on Tuesday to discuss a resolution to the ongoing parliamentary stalemate. This was only the second meeting between the two men since the inconclusive 7th March election. While this was welcome news, Ali al-Dabbagh, a spokesman for the prime minister, […]
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A waterfall resort in northern Erbil province is expected to be turned into a modern tourist destination after it was neglected of late due to drought, according to a source reported by AK News on Saturday. "Soon, Gali Ali Bag Waterfall resort will be renovated on a modern and new design through the private sector […]
Reuters reports that Iraq's city of Najaf has awarded a Canadian company a $600 million contract to build the country's first monorail. Anwar al-Haboobi, a member of the Najaf investment committee, told Reuters the project will be only the second of its kind in the Middle East after Dubai. The contract was awarded to TransGlobim […]
The assistant of the Central Bank Governor, Ahmad Sultan Al Jamili, said that re-basing the Iraqi dinar is a complicated process. He said that process of dropping three zeros from the currency will take long time.
Iraq’s rapidly growing microfinance industry reached a major milestone this month when the Al-Tadhamun (TDMN) microfinance organization opened its third branch office in the Northern Province of Ninawa. The opening brings the total number of microfinance branches and satellite offices across Iraq to 100 and underscores the success Iraq’s MFI sector has achieved in its […]
Asiacell, the largest private Iraqi company and the first and only mobile telecommunications company to provide coverage for all of Iraq, signed an agreement with Leo Burnett on Wednesday, the 9th of June 2010, at Leo Burnett's offices in Amman. By virtue of this agreement, Leo Burnett will provide Asiacell with its comprehensive advertising and […]
A German company is interested in providing heavy equipment to Iraqi ports, in cooperation with the Iraqi Ports Company, an official source at the company said on Monday, according to a report from AK News. "The German company Damij Cransing (sic) is seeking to invest ... in direct cooperation with the Iraqi Ports Company and […]
The Baghdad Provincial Council has decided to release ID102 billion [$85m] to the Baghdad Mayoralty, to complete a number of services projects in the Iraqi capital. “This is the second dispatch of funds allocated to the Baghdad Mayoralty according to the budget to develop regions,” the mayoralty said in a release on Monday received by […]
Turkey's Trade Ministry has declared that the trade volume between Turkey and Iraq has exceeded $6 billion this year, up from only $940 million in 2003. In a press release by Turkish Ministry of Trade, commercial ties between Turkey and Iraq have developed dramatically in the recent years. The indicators show that bilateral the trade […]
