ISX Finishes Week with 0.7% Up
The Iraqi Stock Exchange (ISX) finished this week with an increase of 0.7% to close at 94.7 points as prices of shares of 21 out of a total traded companies went up during Thursday’s session. Some 1.787 billion shares worth 3.214 billion Iraqi dinars (roughly $2.7 million) were traded through 227 deals with non-Iraqi investors […]
CBI Dollar Sales Up to $137m
The Central Bank of Iraq’s (CBI) dollar sales went up to reach $137.925 million in its daily auction on Thursday, compared to $115.301 in the previous session. “The demand hit $4.780 million in cash, at an exchange rate of 1,183 Iraqi dinars per dollar, and $133.145 million in foreign transfers outside the country, at an […]
Reservations over Inclusion of Ukaz Gas in Third Round Bids
The Investment Commission in Anbar Province said that the Province Council has strong reservations over the Iraq Ministry of Oil’s intention to included the Ukaz gas field in its third round bid. The commission said that it will cooperate with the upcoming government if it establishes a plan of cooperation with the province council over […]
Industrial Products Fair in Karbala
An international industrial fair was opened in the holy Shiite city of Karbala on Thursday, with participation from 100 firms from all over the world. “Chinese, Spanish, Zimbabwean, Egyptian, African, Asian and Gulf countries are taking part in the 20-day international event,” Fahim Naji, the managing editor of the Chinese organizer, told Aswat al-Iraq news […]
What is the Fate of Baghdad Metro?
An Italian Consortium called Iraq Public Company for Projects Implementation is affiliated to the Ministry of Transportation in order to participate in the implementation of the Baghdad Metro project. This follows the same procedure used to establishAl Fao great port. During a meeting between Baghdad Secretary Saber Al Issawi and the Italian Ambassador the company […]
Najaf Prevent Entry of Imported Tomatoes
Najaf provincial council, on Wednesday has renewed its decision to ban imported tomato crops into the province. Media Centre said that the Council of Najaf province voted unanimously to renew the Board's recommendation No. (44) on 21/11/2009 to prevent distribution of tomato crops imported from outside the province to all outlets in the province. This […]
10 New Water Projects in Muthana
Ten new water projects are underway in al-Muthana province. “The projects aim to improve water services in al-Muthana,” a local source told Aswat al-Iraq news agency on Wednesday. He noted that there could be a potential shortage in water during the summer. ( Aswat Al Iraq )
Protest at Deteriorating Security Situation
Employees of the State Company for Mechanical Industries in Alexandria organized a sit-in protest on Wednesday against terrorist operations affecting Iraqi workers. Trades unions members of the Iraqi State Company for Mechanical Industries staged a sit-in protest and spoke in memory of victims of terrorism. The statement said the protest came at the invitation of […]
Conference on Investment Problems in Najaf
The Najaf Investment Commission held a conference on Wednesday to discuss problems facing investments in the province and to find a mechanism to attract investors. The conferencediscussed a number of housing projects and difficulties facing this sector. The conference also covered the importance of activating the amended investment law as well as the role of […]
Iraq Cuts June Crude Supplies
Iraq will supply crude to at least two Asian buyers at around 10 percent below contract volumes for June, possibly the first major cut in allocations by the OPEC producer this year, industry sources said on Wednesday. The cut was on medium-heavy Basrah Light crude, they said. It was not immediately known why Iraq cut […]
Iraq Aims at 27,000 Megawatts in Four Years
The Iraqi government is determined to boost power output to 27,000 megawatts in four years, said Electricity Minister Kareem Waheed, and it should invest $3-4 billion annually to meet that target. Waheed said the target to produce the massive amount of electricity that will meet Iraq’s domestic needs is attainable. The ministry is known to […]
Iraqi Ambassadors Asked to Attract Investors
The Iraqi Finance Minister, Baqer al-Zubaidi, urged Iraq's ambassadors to make efforts to attract investments to Iraq, according to a ministerial statement. “Al-Zubaidi received on Wednesday (May 12) Iraq's ambassadors to Germany, Slovakia, the Czech Republic, Kuwait , Japan and Norway,” said the statement received by Aswat al-Iraq news agency. “The minister called on the […]