Sharjah Air Arabia, the largest low-cost carrier in the Middle East and North Africa, yesterday announced the launch of its service to the city of Najaf, Iraq, from its hub in Sharjah.
Air Arabia Set to Take off for Najaf
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Iraq Oil Minister 'not very happy' with OPEC Compliance
Iraq's Oil Minister said on Monday current crude prices were fair and not too high to hinder global economic recovery, but added that he was not very happy with OPEC members' compliance with production quotas.
Tags: OPEC, Sharristani
Oil Price High Enough to Encourage Investment
“It’s not expected that there will be much oil available from other parts of the world,” he said. “Any additional demand, particularly from Asia, will have to be met by Iraq.”
Tags: OPEC, Sharristani
Iraq Can Meet World Oil Demand, Say Minister
Al-Shahristani said Iraq would open another bid for a major gas exploration project in September.
Tags: licence round, Sharristani
Joint Bank Planned With Iraq, Turkey
Iran, Iraq and Turkey are discussing plans to set up a joint investment bank at Iran-Turkey border, an Iranian provincial official announced.
Iraq Tends to Privatise Its Economy
Iraq government said that there is a tendency to privatise Iraq economy but in a way that is different from that World Bank is asking for.
Tags: privatisation, World Bank
Swedish Firm to Execute Sewage Project in Baghdad
A new sewage project in the Iraqi capital will be executed by the Swedish firm EPC, the Baghdad Mayoralty said on Sunday.
Iraqi Ports / Japanese Toyota, Sign $7m Contract
Iraqi Ports Company signed a contract with the Japan-based firm, Toyota, to develop boarding and de-boarding processes at the Umm Qasr Port
Iraq to Ship Oil and Gas to International Markets through Syria
“The sides discussed the possibility of ferrying Iraqi crude to Syria through the present pipeline and exporting it via Baniyas terminal,” according to a statement by the official Syrian news agency, SANA.
Iraq Ministry of Oil - New Oil Refineries
Deputy Minister of Oil Ahmad Al Shammaa said that after finishing the design of the refineries the ministry will offer the refineries for foreign investment that would be either complete or in collaboration with the Ministry of Oil.
Iraq Allocates USD 100 Mln for 2011 Arab Summit
The Iraqi government decided Wednesday to allocate USD 100 million to host next year's Arab summit.
Tags: Arab Summit
Iraq Needs Private Cash
“The problem in Iraq is that 90 percent of the wealth of the nation is in the hands of the government. So centralism always dominates the mindset everywhere,” The economy is still largely disconnected from the global financial system and is dominated by oil.