New French Investments in Karbala

French Ambassador to Iraq, Boris Boillon, talked with officials from Karbala’ Province on ways to widen cooperation between the two parties in the investment field and by bringing in French companies to restore  industry and manufacturing in the Province. The local government responded that it wants to boost relations with the French and its bid to […]

Finance: Approval of the Implementation of Article 98 of Service and Military Retirement Law

Ministry of Finance announced the approval of the Joint Committee recommendations of Finance and Defense Ministries on service and military retirement Law. A statement issued by the Information Office of the Finance Ministry said that Finance Minister, Baqir al-Zubeidy, approved the recommendations of the Joint Commission to  implement Article 98 concerning private pay and grades […]

BBAC Launches Its Banking Services in Erbil

In line with its regional expansion strategy, BBAC s.a.l. (Bank of Beirut and the Arab Countries) has announced the start of operations in its new branch in Erbil, Iraq. This comes in response to the needs of the Iraqi market and the demands of Lebanese establishments and citizens in Iraq as well Iraqi people, Arabs […]

Housing for Refugees in Diyala Province

The Committee of Emigration and Emigrants in Diyala Province said today that 50 dunams (1 dunam = 1000 m2) will be provided from all the Province’s regions to build housing compounds for refugee families from the conflict in the region. There are more than 3000 refugee families officially registered. ( Al SumariaTV )

Fallujah Biggest Bridge Inaugurated

Al Fallujah city celebrated the inauguration of the biggest bridge in the Province. The length of the bridge is 470 metres and its overall cost is 12 billion Iraqi dinars. The engineer who supervised the construction works said that the bridge connects  east and west Al Falloujah and aims at limiting traffic congestion in the […]

Shanghai Co. Startup Al Zubaydiah Thermal Power Station

Shanghai Company, began on Saturday, the implementation of the Al Zubaydiah thermal power station project north of Kut, at a cost of 924 million dollars. Director of Information in the province , Majid Al Atabi , said that the project is under the supervision of ten Chinese experts, accompanied by Director General of projects in […]

Iranians in Karbala for Investments

An Iranian investment delegation is in Karbala. “The delegation will be in Karbala for three days,” a local source told Aswat al-Iraq news agency on Wednesday. He noted that the delegation’s members expressed readiness to execute different investment projects in Karbala. ( Aswat Al Iraq )

Iran Exports 1.5 Million Litres of Fuel a Day to Iraq

Iran has agreed to ship 1.5 million liters of fuel to breathe life into some Iraqi power plants made idle due to fuel shortages. The agreement was struck during a visit by a high level Iraqi delegation to Tehran, a statement by the Ministry of Electricity said. The agreement comes as power outages have worsened […]

Russia's TNK-BP Creates JV to Tap Iraqi Oil and Gas

Russia's TNK-BP, half owned by BP, has establish a joint venture to develop oil and gas fields in Iraq, TNK-BP said on Wednesday. It said, it has signed an agreement with the Iraq Oil Company for Oil Investments (IOCOI) to establish the venture. "The two companies will consider joint acquisition of fields with commercial reserves […]

Iraq to Launch Gas Field Auction: Ministry

Iraq is set to call for bids from energy firms to develop its gas fields, the oil ministry said on Wednesday, as the war-ravaged country seeks new revenue sources to rebuild its battered economy. "The ministry will announce tomorrow (Thursday) the launch of a tender to develop gas fields and it will invite international companies […]