Iraqi Airways Sells Old Fleet
The state-owned Iraqi Airways is offering one of its old Boeing jetliners for sale as scrap as it continues to sell off the remnants of a decades-old fleet that was moved to neighbouring countries after Iraq's 1990 invasion of Kuwait. The 737-200, parked for years at Queen Alia International Airport in Amman, Jordan, had been […]
Iraq Signs MOU with Ukraine’s Chamber of Trade & Industry
Iraq’s Chamber of Trade has signed a Memo of Understanding (MOU) with Ukraine’s Chamber of Trade & Industry in Kiev, reports Aswat al-Iraq. “Iraq’s Ambassador in the Ukraine, Shorish Khalid Saeed, has attended the signing of an MOU between the Iraqi Chamber of Commerce and Ukraine’s Chamber of Trade & Industry in Kiev,” the statement, […]
Kuwaiti Group Seeks Investment in Basra
Basra's Investment Commission (BIC) announced on Sunday that the Kuwaiti Bukhamseen Group [Bukhamsin] visited its premises to show engineering designs for a number of projects, and to learn about possible future investment projects in the province. Director of the Commission, Haidar Ali Fadhil, told Aswat al-Iraq that the delegation proposed a palm tree plantation, concrete […]
Integrity Commission Issues $1.4m in Fines
Iraq’s Integrity Commission announced on Sunday that 479 people convicted of fraud were required to return 1.7 billion Iraqi dinars [$1.4 million] to the State Treasury. “The number of persons, convicted by special courts at the investigation offices in Baghdad and other Iraqi provinces, have reached 479 persons, most of them in Baghdad and Thi-Qar […]
Kurdistan Chamber of Commerce: Business Breakfast
The Middle East Association, along with the Kurdistan Regional Government and London Corporate Training, cordially invite you to a Business Breakfast at Bury House on Wednesday 6th July, from 08.00 until 10.00. Following the success of a visit earlier this spring, the MEA will be hosting a twenty-strong delegation of businessmen from the Kurdistan Chamber […]
Wanted: Foreign Funds
Recently ISX CEO Taha Ahmed Abdul Salam told reporters that foreigners now hold 19% of ISX-listed shares. (See this link.) This seems like a big percentage but in fact reveals that foreign institutional participation in the market remains quite limited. As of the end of last month, strategic shareholders in the eight foreign-invested banks held […]
Anbar Expects $2bn Investment This Year
The Province of Anbar, where once most of the country’s violence took place, is looking forward to better days, reports Azzaman. “The value of investment projects in the Province of Anbar this year is estimated at $2 billion,” governor Qassem Abed said. Abed made the remarks during a visit to the international trade fair held […]
Maliki: Govt Needs Private Help to Solve Electricity Shortage
Iraq’s Prime Minister, Nouri al-Maliki, has said on Sunday that his government can’t solve the country’s electricity supply problems without the help of private investment companies, reports Aswat al-Iraq. “The government is unable to increase the electric power alone, without the help of investing companies, and we have information that several businessmen wish to invest […]
Govt Launches $140m Urban Sanitation Projects
Major sewerage projects in Baghdad and Fallujah are being launched shortly at an overall cost of close to $140 million [168 billion Iraqi dinars], the Ministry of Municipalities and Public Works on announced Monday. The ministry’s media advisor, Jassim Mohammed, told AKnews that $72.5 million has been allocated to a sanitation scheme in Baghdad’s northern […]
Kurdish-Greek Reconstruction Center Established
Kurdish and Greek businessmen agreed on Sunday to establish a new Kurdish-Greek Center for Reconstruction and Investment. Aswat al-iraq reports that the organisation will have its headquarters in Erbil, while AKnews says it will be based in Greece. Organizer Sarbast Zakhobi informed Aswat al-Iraq that "it was important to establish such center, which aims at […]
Baghdad City Rehabilitation to Cost $15bn
The rehabilitation of the Iraqi capital of Baghdad requires an investment of $15 billion [18 trillion Iraqi dinars] over the next 10 years, Baghdad’s Mayor said on Sunday. Sabir al-Issawi [Saber al-Issawi] (pictured) gave the figure in response to a question addressed to him by Iraq’s Prime Minister, Nouri al-Maliki, in a meeting attended by […]
Kurdish Trade Delegation to Visit UK and Ireland
A trade delegation from the Kurdistan Region is expected to visit Britain and Ireland next week, seeking to form and consolidate trade relations, a regional government official said on Monday. The delegation will be made up of government officials, businessmen and Investment Board members. Dara Jalail Khayat, head of the Kurdistan Regional Government (KRG)'s Chamber […]