Preparations to Establish Truck Assembly Plant in Kurdistan
German consul in Arbil said on Monday that talks underway to implement important projects in Kurdistan, including the establishment of a truck assembly plant.
Air Arabia Set to Take off for Najaf
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.
Etisalat Eyes Acquisitions in Syria, Iraq
Dubai Emirates Telecommunications Corporation, or Etisalat, is in a three-pronged expansion plan as it eyes new acquisitions in Syria, Iraq and an increased presence in India. "The Iraqi government announced it would issue a fourth licence and we expressed our interest," Etisalat chairman Mohammad Omran said yesterday. "The [Syria] government has announced that it would […]
Dhi Qar Farmers Banned from Planting Rice
The Agriculture Directorate in Dhi Qar said that it was surprised by the decision taken by the Common Agricultural Governmental Commission which banned rice agriculture in Dhi Qar province. However, earlier the government had allowed planting 7500 dunom with rice during the current season. The directorate said that the commission also banned planting rice in […]
Basra Governor Discusses Reconstruction with Jordanians
Basra Governor, Shaltagh Abboud al-Mayah, discussed on Monday with Jordanian minister of finance businessmen’s contribution in the reconstruction operations in the province, according to an official statement. “The minister expressed his ministry’s readiness to provide all facilities and to receive Iraqi employees to train them in banking, accounting and tax,” said the statement received by […]
Rafidain-Warkaa Banks Renew Relationship
Relationship between the state-owned al-Rafidain Bank and the private al-Warkaa Bank will normalize within days. “The al-Warkaa Bank has submitted guarantees that exceed the amount of deals between the two banks,” a source from the al-Rafidain Bank told Aswat al-Iraq news agency. He noted that recent news reports about the financial status of al-Warkaa Bank […]
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.
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.”
Iraq Can Meet World Oil Demand, Say Minister
Al-Shahristani said Iraq would open another bid for a major gas exploration project in September.
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.
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.