Iraqi State Company to Make Fire Engines
Iraq’s General Company for Car Industry, belonging to the Ministry of Industry & Minerals, has announced plans to assemble and produce fire engines, according to a Ministry statement on Thursday. “Our company has started to assemble and produce fire engines at its workshops, following the signing of contracts with the Baghdad Mayor’s office, the Oil […]
Gulf Keystone a Takeover Target?
Speculation that Gulf Keystone Petroleum (LON:GKP), which has significant operations in Iraqi Kurdistan, will become a takeover target continues today, following a report from small-cap broker Daniel Stewart & Co. Following an analyst field trip to the Kurdistan region of Northern Iraq, the broker's oil and gas expert Richard Nolan said the company had “astonishing […]
The Rush is On for … Everything!
US President Barack Obama delivered a major speech from the Oval Office on Tuesday, marking the official end of combat operations in Iraq. As just over 50,000 US troops will remain in the country until the end of 2011 in non-combat roles, the real significance of the military draw-down is hotly debated. But it is […]
Jordan’s Industry and Trade Minister Leads Delegation to Kurdistan
Jordan’s Minister for Industry and Trade, Amer al-Hadidi, led a business and investment delegation to the Kurdistan Region following the recent visit of President Masoud Barzani to Jordan. The delegation met President Barzani, Kurdistan Regional Government (KRG) Prime Minister Barham Salih, and several ministers while participating in a joint business forum at Erbil Convention Centre. […]
Kirkuk Governor Meets PRT Chief
Kirkuk's governor, Abdul Rahman Mustafa, met with the chief of the provincial reconstruction team (PRT), Fletcher Burton, to discuss security, economic and service developments in the region. The governor assured Mr Fletcher that the security situation was good and stable, as evidenced by the completion of projects in Kirkuk and the improvement of services to […]
Dutch Ambassador Discusses Investments in Basra
The Dutch ambassador to Iraq, Peter van Leeuwen, visited Basra province to discuss investment opportunities with local officials. “During the visit, the ambassador had a close look at investment project and opportunities that could attract Dutch firms to Iraq,” the Basra Investment Commission said in a statement on Tuesday, as received by Aswat al-Iraq news […]
New Air Service Between Basra and Mash'had
Iraqi Airways is planning to initiate its new service between Basra and Mash’had [Mashhad] in eastern Iran, according to a Transportation Ministry statement on Tuesday, quoted by Aswat al Iraq. "The Transport Minister, Amer Abdul-Jabbar, has instructed Iraqi Airways to initiate a route between southern Iraq’s Basra and Iran’s Mash’had from September 9, 2010, with […]
American University in Sulaimaniya to Grant Degrees in Engineering
The American University in north Iraq’s Sulaimaniya city has decided to grant Bachelor degrees in Civil and Mechanical Engineering, according to a report from Aswat al-Iraq. All Iraqi students have been invited to join it, whatever their national, racial or religious background may be, the University’s Academic Adviser said on Tuesday. “The University shall accept […]
Reserve rate cut a stealth capital injection
Starting September 1, the Central Bank of Iraq (CBI) has announced it will be reducing the required reserve rate (RRR) from 20% to 15%. As this move frees up an additional 5% of deposits for the banks to lend out, you might think it would be positive for loan growth and stimulative for the economy […]
Production Up at DNO's Kurdistan Oilfield
DNO's shares were up 0.9% in mid-morning trading on the Oslo stock exchange, following the release of July production figures. DNO’s working interest production increased from 23,478 bopd in June to 27,279 bopd in July, and net entitlement production increased from 15,135 to 17,621 bopd. The increase is mainly due to higher deliveries of crude […]
Weekly Security Update for 1st September 2010
National Overview The total number of hostile incidents reported nationally was 125 this week, down from 132 incidents during the last reporting period. There was a significant rise in the number of recorded incidents in the north central region with slight rises in the west, south central and south east regions. The north dropped slightly, […]
Vocabulary - Lesson 7
Iraqi عربي English joo’aan جوعان hungry ‘aTshaan عَطشان thirsty hathaa yibayyin هذا يبَيِن this seems aani ‘indi آني عِندي I have fiqra فِكره idea yi’jibni يِعجِبني I like, literally, it pleases me inti shitguuliin إنتِ شِتگولين what do you say?, what do you think? - contraction of shinnu and tguliin aani atifiq آني أتّفِق I […]