Agility's Q1 Profit Falls 52%
Kuwait-based Agility has said its first-quarter profit had dropped 52% and predicted declines in the next four quarters, Bloomberg has reported. Net income fell to KD17.6m ($61m) as revenue dropped 17% to KD127.5m, the firm said. 'Agility is likely to face declining profitability over the course of the next four quarters, as a result of […]
CBI Dollar Sales Down to $88m
The Central Bank of Iraq’s (CBI) dollar sales went down to reach $88.205 million in its daily auction on Sunday, compared to $137.925 in the previous session. “The demand hit $8.330 million in cash, covered at an exchange rate of 1,183 Iraqi dinars per dollar, and $79.875 million in foreign transfers outside the country, covered […]
Hitachi to Supply Spare Parts for Power Units
Iraqi Council of Ministers authorized the Electricity Ministry to sign a contract with the Japanese based firm, Hitachi, to supply spare parts for the Taji Power Station. “The decision reflects the cabinet’s interest in providing electricity to people,” Dr. Ali al-Dabbagh, the official spokesperson of the Iraqi government, said in a release on Sunday received […]
New Toyota Dealership in Erbil Boosts Kurdistan’s Private Sector
Iraqi Kurdistan Region Prime Minister, Burham Saleh, said on Sunday that the inauguration of an new Toyota dealership in Erbil is a “significant step to develop the private sector in the region”. “The move is indicative of the confidence in the region’s government and its stability,” Saleh said in an address on the occasion. He […]
Removing Three Zeros from Iraqi Dinar will Help the Economy
Iraqi banking expert, Abdul Aziz Hasoon, said in phone call with the Independent that the process of removing three zeros from the Iraqi dinar will be positive for the Iraqi economy. He added that there were many countries that took the same step, including Turkey which removed six zeros from it is currency. Hasoon clarified […]
Turkey TPAO Joins CNOOC To Develop Iraq Missan Field
State-run Turkish Petroleum Corp., known as TPAO, has decided to join Cnooc Ltd. the Hong Kong-listed unit of China Offshore Oil Corp. to develop Iraq's Missan oil field complex in southern Iraq, a senior Iraqi Oil Ministry official said Thursday.
Transport Minister Meets U.S. Delegation
Iraq’s Transport Minister Amer Abduljabbar received on Thursday a delegation from the U.S. embassy, with whom he discussed fostering air traffic.
Young Real Estate Entrepreneurs Link US and Iraq
In a high-rise apartment building in Minnesota's capital city, two 23-year-old men check on a couple dozen properties they've listed for sale in Iraq - Half a world away, their colleague, also 23, is already on the move in Baghdad: Showing houses and appraising properties as he navigates around concrete blast walls and police checkpoints.
Basra Ports Receive 23 Ships This Week
A total of 23 commercial ships have arrived in Iraqi ports in Basra province this week, the public relations and media director at the State Company for Iraqi Ports said on Thursday
Egypts GB Auto Sees Q2 Net Sales Doubling, Boosted by Iraq Sales
Egypt's GB Auto expects to double its profit in the second quarter, boosted by an increase in its vehicle sales to Iraq, company executives said on Thursday.
Lesson One - Learning Iraqi Arabic
Ryan, an American in Iraq, approaches Karim, an Iraqi, on a street in Baghdad. Ryan: MarHaba, ustaath. Hello, sir. راين: مَرحَبا أُستاذ. Karim: Ahlan wa sahlan. Shlohnak. Hello. How are you? کریم: أهلاً وسَهلاً ، شلونَك Ryan: Zehn. Al Hamdulillah. Aani ismi Ryan. Good. Praise be to God. My name is Ryan. راين: زین ، […]
Water Resources Minister Urges Dutch Companies to Invest in Iraq
Water Resources Minister Abdulatief Jamal Rashied on Thursday called on Dutch companies to invest in Iraq, mainly in irrigation projects, according to a ministry’s statement. “This came during his meeting with Dutch Ambassador in Baghdad Peter Van Liven, with whom he discussed ways of boosting bilateral relations in irrigation ,” said the statement received by […]