Iraq's Ashur Bank Exploring Islamic Banking Window -chairman
* Ashur Bank sees growth in Islamic market * New regulation required to help Islamic finance - Chairman By Shaheen Pasha Iraq's Ashur International Bank wants to open Islamic banking services in Iraq amid growing interest in sharia-compliant financing, the investment bank's chairman said on Tuesday. Speaking on the sidelines of a conference in Dubai, […]
Delegation from Belarus Discusses Investment Opportunities in Kirkuk
A delegation from the Belarus discussed on Tuesday investment opportunities with Kirkuk governor, according to a media official. “Kirkuk governor Abdulrahman Mustapha held on Tuesday (May 18) a meeting with a delegation from Belarus, including a number of businessmen and investors,” Dalier Samd told Aswat al-Iraq news agency. “The delegation underlined that its visit aims […]
CBI Dollar Sales Down to $127m
The Central Bank of Iraq’s (CBI) dollar sales went down to reach $127.903 million in its daily auction on Tuesday, compared to $227.996 in the previous session. “The demand hit $7.540 million in cash, covered at an exchange rate of 1,183 Iraqi dinars per dollar, and $120.363 million in foreign transfers outside the country, covered […]
Iraq Gives Go-Ahead to Kurdish Oil Exports
The Iraqi federal government Tuesday approved a deal that would allow oil exports from oil fields in the semi-autonomous region of Kurdistan in northern Iraq, which have been on hold for the last seven months over a payment row with Baghdad, a cabinet spokesman said. "The cabinet has approved a request submitted by the oil […]
CNOOC Seals Deal on Iraq Oil Field
CNOOC and Turkish Petroleum Corp. have signed a 20-year contract to develop the Missan oil-field in southern Iraq By Chen Zhu CNOOC Ltd., the Hong Kong-listed unit of China National Offshore Oil Corp. has partnered with the state-run Turkish Petroleum Corp. (TPAO) to win a contract with Iraq to develop the lucrative Missan oil-field in […]
Iraq Eyes Huge Crude Oil Increase
Minister says $1b project to raise export capacity to 4.5m bpd by 2012 is on track Iraq expects crude output to increase by about 600,000 barrels per day (bpd) through 2011, based on initial plans from global firms for oilfields that were auctioned off last year, a senior oil official said yesterday. Deputy Oil Minister […]
Gulf Keystone Up on Iraq Export Sentiment
Shares in Gulf Keystone (GKP.L) rise 18 percent, making the oil explorer one of London's top risers, on positive sentiment after Iraq approves a Kurdish oil exports deal which could allow oil exports to resume from the semi-autonomous region. [ID:nLDE64H1NN] "The agreement shouldn't really do much to Gulf Keystone because they don't plan on exporting […]
Iraqi Government Approves Kurdistan Oil Export Accord (Update1)
Iraq’s government approved an accord between the oil ministry and Kurdistan to export crude produced in the semi-autonomous region through a marketing company, paving the way for shipments to resume. Companies including DNO International ASA and Genel Enerji AS halted oil exports from Kurdistan in October, about four months after they started, because there was […]
Iraq to Upgrade Airports in Bid to Attract More Airlines
According to a report in Gulf News, the Iraqi government is approving master plans for airport investment around the country as it seeks to attract more airlines. A vision for the expansion of Baghdad International Airport has been in place for the past five years, but the government has now approved the master plan, said […]
ISX Down for Second Consecutive Day to Close at 94.3 Points
The Iraqi Stock Exchange (ISX) went down for the second consecutive day by 0.3% to close at 94.3 points, while trading activities hit 853.235 million Iraqi dinars. Today’s session saw trading over shares of 28 out of 84 electronically-registered firms, 11 of them went down, 8 up while 9 others retained their previous rates, with […]
Delegation from Basra to Holland, UK
A delegation from Basra headed by the province’s governor has travelled to Europe on Monday to discuss issues related to Basra rehabilitation. “The delegation will stay in Holland until May 23,” a provincial media source told Aswat al-Iraq news agency. He explained that after visiting Holland, the delegation will travel to Britain in a 4-day […]
Basra Council to Vote on New Projects
Basra Provincial Council will be voting on the new projects on Tuesday (May 18). “The projects are funded by Basra revenues from oil production and border points,” a source from the council told Aswat al-Iraq news agency on Tuesday. He noted that the council will have a meeting tomorrow to approve the projects. The oil-rich […]