Iraq Plans to Double Baghdad Airport Capacity
* Plans to boost capacity to 15 mln passengers per year * Wants to build 3 new terminals at Baghdad Iraq plans to double capacity at Baghdad International Airport to 15 million passengers per year, the head of the country's civil aviation authority said on Tuesday. After years of sanctions and war, Iraq plans billions […]
Iraq Ministry of Electricity to Start New Projects
Iraq Minister of Electricity Karim Wahid said that the Ministry bids to open the door of investment in order to implement vital projects in electric power development field. Wahid told Alsumaria that he expects electric power supply to make an important progress during this summer. ( Al SumariaTV )
Turkey Wants to Integrate Iraqi Kurdistan Region Through Economy
With bilateral trade between the Iraqi Kurdistan Region and Turkey reaching US$9 billion, Massoud Barzani, the Kurdistan Region Government President, formerly an enemy of the Turkish government, was invited recently to Turkey for talks on increasing economic integration between the two entities. Lately, relations between Turkey and the Kurdistan Region have calmed significantly, progressing rapidly […]
ISX Up by 0.3% on Tuesday
The Iraqi Stock Exchange (ISX) went up on Tuesday by 0.3% to close at 94.6 points, while trading activities hit 10.572 billion Iraqi dinars. Today’s session saw trading over shares of 35 out of 84 electronically-registered firms, 16 of them went up. Traded shares hit 10.572 billion worth 19.281 billion dinars through 215 deals, with […]
UAE Minister in Arbil to Boost Economic Ties - Official
Foreign Trade Minister of the United Arab Emirates Lubna Khaled al-Qasemi arrived on Tuesday in Arbil in an official visit to foster economic and commercial ties between the UAE and the region, according to an official of the foreign relations department in the region. “President of the region Massoud Barzani received the minister and her […]
Iraq Discusses Establishing Duty Free Zone with Egypt
Iraq Ministry of Industry and Minerals said that it held a series of meetings with Cairo in order to discuss establishing a duty free zone between Iraq, Egypt and Jordan stressing that they didn’t reach a final agreement in this regard until now. On the other hand, some economic experts say that establishing such a […]
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 […]