AAIB Appoints New Divisional Director
Leading High Risk Insurance Specialist Opens Second Iraq Office AAIB Insurance Brokers, the leading Iraq insurance provider, has appointed Mr Michael Carr FCII as the Divisional Director of its Iraqi registered company Al Fajer Insurance and Reinsurance Brokers. He will be based at AAIB’s latest office to open in Iraq, located in the southern city […]
Austrian Companies Explore Opportunities in Kurdistan
Eighteen Austrian companies participated in a trade mission to the Kurdistan Region, touring Erbil, Suleimaniah and Dohuk governorates, to explore commercial opportunities in a variety of sectors. The Austrian Commercial Office in Erbil hosted a banquet, attended by several Kurdistan Regional Government officials, to mark the successful visit. Dr Richard Schenz, Vice President of the […]
Chinese Company Considering Projects in Basra
A Chinese company discussed on Wednesday with the Basra Investment Commission (BIC) implementing projects in electricity, agriculture and transport sectors, head of the BIC said. “The projects include the establishment of a power plant with a production capacity of 600 MW to use it in the oil projects, which are being implemented by foreign companies […]
Did Rafidain rumors ruin record rights issue?
On March 10, the Central Bank of Iraq (CBI) announced that the privately-owned Iraqi banks will be required to increase capital to ID 250 bn (USD 213 mn) over the next three years. Each bank will have to reach an initial capital target of ID 100 bn by the end of the first year and […]
Custom Building in Mosul Renewed
Engineering in Nineveh Province finished today on the renovated customs Directorate building in Mosul in the Northern Region at a cost of 200 million dinars. The supervising engineer Ahmad Al Tai said that the engineering team started rehabilitating the main building in the first phase. Afterward it set an outdoor fence in a way that […]
$6 Million Residential Project in Baghdad
The Baghdad Investment Commission on Tuesday approved a residential project in the capital at a cost of $6 million, according to the head of the commission. “The commission’s board agreed to give an investment license to establish a residential project in Haifa street in Baghdad,” Shaker al-Zameli said in a statement received by Aswat al-Iraq […]
4 Projects in Amara at ID4b
Four projects for sidewalks in the city of Amara were finalized at more than 4 billion Iraqi dinars (ID) as part of the Provincial Development Budget (PDB) appropriations, according to the Amara municipality chief on Tuesday. “A consortium of local firms finalized the project of Abu Rimmana sidewalks at 1.481 billion dinars and the al-Oufiya […]
Mayoralty Handpicks 10 Firms for Sadr City Rebuilding Project
A list of 10 out of a total 52 companies were selected to start work on the first stage of the 10×10 project to rebuild Sadr City, according to a press release by mayoralty’s information office on Tuesday. “The 10×10 project envisages the construction of 75,000 housing units over an area of 14 square kilometers […]
Call for Cabinet to Contribute in Al Faw Grand Port
The General Company for Iraq Ports has called on the government to contribute to Al Faw Grand Port which is expected to be implemented by foreign companies and to guarantee that these companies will not control the port. The Company Chairman Salah Khaddir said that such a step would ensure the future by imposing sovereignty […]
Etihad Launches Non-stop Flights Between Abu Dhabi and Erbil
UAE flag carrier Etihad Airways said it has commenced non-stop flights from its home base in Abu Dhabi to Erbil, becoming the first UAE carrier to operate to northern Iraq. The carrier operates two return services per week with two-class Airbus A320 aircraft. The commencement of Etihad's services to Erbil follows the successful launch of […]
Ministry of Transport: Continuation Travel Trips Between Amman, Baghdad
The Iraqi transport ministry has assured continuation of organized travel trips between Iraq and Jordan and vice versa by modern buses. A press statement issued by the ministry said that the state company of traveling and delegations, a company that belong to the ministry, is continuing to organize trips between Amman and Baghdad and vice […]
Electricity Bills Jump
100 percent increases in electricity charges are being received by Iraqis in an attempt to reduce power cuts. Demand has risen since the 2003, but the national grid still only supplies a few hours of electricity a day. The Electricity Ministry announced that it would send invoices on June 1 for the previous two months […]