2 Big Tugs Arrive in Umm Qasr Port
The Iraqi Ports Company has taken delivery of two big tugs on Tuesday in Umm Qasr Port. “They are considered the biggest that have been used by the Iraqi Ports Company,” a local source told Aswat al-Iraq news agency. He noted that the two tugs have been manufactured in Malaysia according to a contract with […]
FlyDubai and Qatar Join Airlines Eyeing Up Iraq
FlyDubai’s chief executive CEO, Ghaith Al Ghaith, has said the airline is considering starting up services to Iraq."Iraq is definitely on our radar" and that the country is "currently underserved" he said. The chief executive of Qatar Airways has also said it was looking at expanding to multiple cities in the war-scarred country. If the […]
20% increase forecast for Karbala harvest
The harvest of wheat and barley crops started on Tuesday in Karbala on 33,000 donums, according to a local director of the agriculture department. “The harvest started in the most famous regions for wheat and barley; al-Khayrat and al-Jadwal al-Gharbi districts, east of Karbala, where farmers started to harvest 15,500 donums of barley and 17,524 […]
Germans start to restore Power Station
The German Siemens company has started to rehabilitate the electric power station in Tazt Al Ghazia. The head of distribution directorate, Yaljin Mahdi, said that the power station will decrease the overload on other electric power stations and increase stability. ( Al SumariaTV )
ISX Index Slightly Down on Tuesday
The Iraqi Stock Exchange (ISX) index went down slightly by 0.08% to close at 94.7 on Tuesday over trades in 32 of a total of 83 electronically-registered firms. 4 companies went up, 12 down while 16 were unchanged. 8.490 billion shares were traded worth more than16.199 million Iraqi dinars in 233 deals. Banks led the […]
Romanian Firms to Invest in Karbala
Karbala’s Investment Commission on Tuesday signed a Memorandum of Understanding with a group of eight Romanian firms that are willing to invest in the province. “The document indicates investment projects within the fields of housing, farming, environment, and roads,” a local source told Aswat al-Iraq news agency. He noted that the Romanian delegation has been […]
Risks and Opportunities in Iraq
Exactly two months after the elections in Iraq, the votes are still being re-counted in the Baghdad constituency. Yes, it's a laborious and painstaking procedure, but surely the cost of more manpower and better systems would be outweighed by the benefits of speeding up the process, so that people would know where they stand and […]
Karbala Authorities, Chinese Delegation Agree on Residential Projects
According to Aswat Al Iraq, Karbala’s local authorities reached an agreement with a delegation of Chinese firms to execute a number of residential projects in the province at a total cost of ID80 billion ($67 million). “The Chinese delegation will be granted investment permission within the coming days,” a local source told Aswat al-Iraq news […]
Iraqi Airways Plane Impounded in London
(Sources: The Telegraph, AFP, Bloomberg) Tensions between Iraq and Kuwait were raised last week when the first Iraqi Airways flight from Baghdad to London for 20 years was impounded at London's Gatwick Airport. The dispute dates back to the Iraqi invasion of Kuwait in 1990, during which 10 Bombardier jets belonging to Kuwait Airways were […]
Electricity Substation Opened in Kirkuk
A new electricity substation has been opened on Monday in northern Kirkuk city. “The substation is French made, 33 x 11 KV, with a capacity of 31.5 Mwatt,” a provincial media source told Aswat al-Iraq news agency. He noted that the total cost of the project was ID4.450 billion. ( Aswat Al Iraq )
Basrah Official: ‘We Won't Stand Still Over National Interventions’
Engineer Zeead Ali, electricity commission chairman in Basrah council, confirmed that the Provincial Council will not stand still regarding central intervention to assert national control and the deprivation of citizens from a fair share of electrical power. Zeead told Eye Media reporter "The council will take steps concerning workers of electricity departments who overburdened the […]
ISX Closes at 94.7 Points on Monday
The Iraqi Stock Exchange (ISX) index went up slightly by 0.13% to close at 94.7 points as trading took place on Monday over 37 firms’ 2.526 billion shares worth 3.496 billion Iraqi dinars ($2,9 million) through 231 deals. Non-Iraqi investors obtained four purchase deal at 1.899 billion dinars in the banking sector and 2 deals […]