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
Motorola Signs Zain Deal
Kuwait's Zain has signed a services management agreement with Motorola. Under the three-year contract, Motorola will operate and manage the Kuwaiti telecoms 3G network as well as handle the design, planning, support and optimisation. The two firms also have existing contracts in Iraq, Saudi Arabia, Nigeria and Jordan for several different technologies, network domains and […]
Iraqi Airways Properties to Go to State
The Iraqi transportation ministry has said that properties of the bankrupted Iraqi Airways will go to the state, Aswat al-Iraq has reported. The carrier, which had only one old airplane, could not purchase more due to the Kuwaiti compensation claims, the ministry said. The source described the airlines properties as "very little". ( AME Info […]
Lack of Water Threatens Iraq's Long-term Stability
Reuters‘ Serena Chaudhry reports lack of water is ruining crops and farmers’ livlihoods. She cites the case of Abdullah Hasan a 50-year-old father of five from Falluja in western Anbar province who has been was forced to abandon his 50 acres of land and take a job in construction after years of drought killed off […]
Umm Qasr Port Receives 6 Ships Carrying Rice
The Iraqi port of Umm Qasr received six ships carrying more than 200 thousand tons of rice for the Trade Ministry, on Sunday. “The Ships Apostolos, Patriarch, Alitis, Stellajabbah, Rubystar, and Vero 9 arrived by the port carrying more than 200 thousand tons of rice from U.S., Vietnam, and Thai origins,” the ministry said in […]
CBI: Hard to Manipulate Iraqi Banking System
Laws and regulations, in addition to audit and follow up commissions, make it hard to manipulate the Iraqi banking system, said a source from the Central Bank of Iraq (CBI). “Our duty is to monitor the performance of Iraqi banks , and foster their development and financial status,” the source told Aswat al-Iraq news agency […]
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.
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.
Iraq Participates in Shanghai Expo
The pavilion will exhibit a model of the Hanging Gardens of Babylon, one of the ancient Seven Wonders of the World.
Foster Wheeler Awarded Contract for New Refinery in Iraq
Foster Wheeler AG announces that its Global Engineering and Construction Group has been awarded a feasibility study and FEED contract by the Iraqi Ministry of Oil - the proposed refinery will have a capacity of 300,000 barrels per day.