2 Sewage Projects Completed in Karbala
The extension of two sewage networks has been completed in Karbala at a cost of 32 billion Iraqi dinars , the head of the reconstruction and strategic planning committee said on Tuesday. “A local company has finalized the project at a cost of 32.515 billion Iraqi dinars,” Dr. Abbass Nasser Hasani told Aswat al-Iraq news […]
Approval on Service, Hygienic Projects in Basrah
Basrah province council, in its session held at the beginning of the current week, approved 49 water and hygienic projects which exceeded 130 Billion dinars funded from oil income and province borders taxes. In a statement to the committee, chairman of development and construction in local government Mustafa Ateeh, said to Eye media agency "The […]
ISX Index Up 0.4%, Closes at 93 Points
The Iraqi Stock Exchange (ISX) index went up by 0.4% to close at 93 points as prices of 11 out of a total 29 firms traded in today’s session saw better times. Tuesday’s session saw more than 395.378 million shares exchanging hands at more than 563.872 million Iraqi dinars (roughly $482,000) through 249 deals, with […]
Baban Calls 0n Provinces to do More
Iraq Minister of Planning Ali Baban called on Iraq Provincial Councils to introduce strategic programs as part of the framework of the 2010 Budget. The Minister said that the complementary budget was approved in some provinces a while ago which is a positive step which allows the provinces to start important projects which were delayed […]
Cash transferred to 3 Countries for Displaced Persons
The Iraqi cabinet has approved the transfer of 5.9 billion Iraqi dinars to Iraqi banks in Lebanon, Syria and Jordan to give cash to displaced families, according to the government’s spokesman Ali al-Dabbagh on Tuesday. “The move comes in a bid to improve the living standards of those families that were forced by acts of […]
CBI Dollar Sales Down to $121m
The Central Bank of Iraq (CBI) dollar sales went down to reach $121.220 million in its daily auction Tuesday, compared to $146.493 million in the previous session. “The demand hit $2.170 million in cash, covered at an exchange rate of 1,183 Iraqi dinars per dollar, and $119.050 million in foreign transfers outside the country, covered […]
Iraq-Iran Eyeing Major Oil Push
Both Iraq and Iran are set to play a bigger role in the world's oil markets as the technology to develop heavy oilfields grows, it was revealed. 'While estimates of Iraq's oil reserves suggest it in the region of 112 billion barrels that figure was calculated some 18 years ago,' Iraq-British Business Council chairman Mustafa […]
Kuwait and Iraq Likely to Reach Deal on Border Wells
Chairman and Managing Director of Kuwait Oil Company (KOC) Sami Al-Rushaid expected Tuesday that Kuwait and Iraq would reach an agreement on the exploitation of the oil wells on their border areas soon. Speaking to reporters after the prize giving ceremony of the Chairman's Award for Health, Safety and Environment, Al-Rushaid said the two countries […]
Crude Prices 'reasonable' - Minister
Iraq's oil minister said Tuesday that world crude prices are "reasonable" and are high enough to encourage oil investment without hurting the global economic recovery. Hussain al-Shahristani's remarks in an interview with The Associated Press added to perceptions that OPEC is not eyeing any immediate changes in output despite the past weeks' large price swings. […]
Turkish Consul Says to Increase Investments in Basra
The volume of Turkish investments in Basra is so big and we will increase the number of Turkish companies working in the city to 1000 next year, Turkish consul said on Monday. “Our main goal is to increase the number of Turkish companies working in Basra,” Ali Reda said during the inauguration of a fair […]
Oil Skills in Iraq ...... 2010 and beyond
“This will be a strategic meeting to review energy skills and training requirements in Iraq and how these can be met/supported using the GetEnergy Events and GetEnergy Bridge software system as a platform” said Phil Andrews, CEO of GetEnergy.
Baghdad Trade and Catalogue Show, 20th June 2010
The Show taking place on the 20th of June will be opened by Iraq’s Deputy Prime Minister and has been organised with the support of the US Commercial Service and Baghdad Provincial Reconstruction Team.