DNO Silent on Iraq Export Timing, Q1 Tops View
Norwegian oil and gas producer DNO International (DNO.OL) gave no guidance as to when it expects to restart oil exports from Iraq when it published first-quarter results that beat forecasts on Tuesday. "The process is moving ahead but we have no information about when things will happen," Managing Director Helge Eide told a news conference. […]
Oil Ministry is Developing "Badra" Oilfield Shared with Iranian Side
An official source with the Oil Ministry said the ministry is currently developing several oilfields shared with neighboring countries including the oilfield, "Badra" with the Iranians.
Emirates look to Iraq for passenger growth
Dubai Gulf airlines are looking at the lucrative Iraqi market for increased passenger traffic. Dubai's Emirates yesterday said it will launch flights to Baghdad from July 1, following the announcement by Etihad Airways.
WB to Finance Rehabilitation of Umm Qasr Port’s Road Project
“The World Bank’s agreement allowed a Danish company to implement the project, in cooperation with a local company,”
Iraq Invites Bids to Install 2,500 MW Turbines
Iraq's Electricity Ministry has invited foreign companies to bid to install 20 gas turbines that would boost the country's power capacity by 2,500 megawatts in the next few years.
Bank Ratings Maintain Positive Trend
Banks in the Middle East and Africa saw stable outlooks at a very high level of 92.8 per cent at the end of the first quarter, a latest report on Global Banking Trends Q1 2010 by Fitch Ratings said.
A Perfect Storm for Iraqi Stocks
By Mark A. DeWeaver, of Quantrarian Asia Hedge Two good rules for emerging stock market investors have always been: (1) buy crises and (2) buy export booms. The first would have worked well in Sri Lanka in the weeks following the Tamil Tiger suicide attack on the country’s main airport in July, 2001. Had you […]
Government Slashes Iraqi Farmers’ Subsidies
The government has slashed subsidies to Iraqi wheat and barley growers, fuelling farmers’ anger across the county. Director-General of Iraq’s Grain Board, Hassan Ibrahim said the prices the government paid for wheat and barley were much higher than those prevalent on international markets. This year, wheat growers will get 650,000 Iraqi dinars ($500) instead of […]
Residential Compound for Wassit University’s Professors
Wassit university approved on Monday a project to establish a residential compound for the university’s professors at a cost of 5.948 billion dinars, the university’s president said. “The project will cover 42 donums in three stages to establish 150 houses within one year,” Dr. Jawad al-Moussawi told Aswat al-Iraq news agency. “The project contains an […]
Small Manmade River Opened in Wassit
A small canal in Wassit province has been opened on Monday. “The total cost of the project is around $2.9 million,” the Iraqi Water Resources Ministry said in a release received by Aswat al-Iraq news agency. It noted that the project is part of the Iraqi government’s agricultural initiative. ( Aswat Al Iraq )
ISX Trading Hits ID8.9 Billion on Monday
The Iraqi Stock Exchange (ISX) trading activities hit 8.9 billion Iraqi dinars (roughly $7.6 million), mostly over the Iraqi Islamic Bank in its second electronic trading session after meeting its obligations to the securities authorities and the Central Bank of Iraq (CBI). Monday’s session saw trades of 33 out of 84 the electronically-registered firms, 12 […]
Efforts of Al-Ezz State Co. Recognised
Ezz State Company, Ministry of Industry and Minerals, won a certificate of merit from the ministries of agriculture and water resources, for its role in and active participation in the agricultural exhibition held at Baghdad International Fair. An official source at the company said that this will enhance the confidence of affiliates in their work […]