Iraq Launch Five-Year Roadmap to Boost Development
The plan will target five key areas: ensuring inclusive economic growth; environmental management; promoting good governance and protecting human rights; boosting access to basic services for all; and stepping up investment in women, youth and children.
Iraq Increases Port Rentals
Iraq Minister of Transportation Amer Abdul Jabbar Ismail said that the rentals of the ports and naval agencies and the incomes thereof increased from 10 to 50% in the light of the achievements in Iraqi ports due to the inauguration of the first project directed by a French company for a container berth and number […]
Anham to Resume Work in Kuwait, Iraq
Dubai-based logistics company Anham said the US Government directed it to resume work on the implementation and to ramp up food and non-food distribution and support services in Kuwait and Iraq. "We are, and have been, fully prepared to work as prime vendor immediately," said David Braus, Managing Director for Anham. "Complemented by strong and […]
Arbil Governor Discusses with Iranian Delegation Commercial Cooperation
Arbil governor discussed on Tuesday with an Iranian delegation. “A delegation from the Iranian embassy visited Arbil on Tuesday and discussed ways of cooperating in investment and commercial operations between the two countries as well as the development of Arbil,” Nouzad Hadi told Aswat al-Iraq news agency. “We will facilitate the work of all companies […]
CBI Dollar Sales Down to $168m
The Central Bank of Iraq’s (CBI) dollar sales went down to reach $168.878 million in its daily auction on Tuesday, compared to $176.080 in the previous session. “The demand hit $8.870 million in cash, covered at an exchange rate of 1,183 Iraqi dinars per dollar, and $160.008 million in foreign transfers outside the country, covered […]
Gulf Bank to Discuss Legal Challenges of Digital Systems
The Gulf Bank will hold a symposium on Wednesday (May 12) to discuss legal challenges that will face digital banking systems. “The symposium will show that there are needs to legislate new regulations to meet the digital developments in the banking systems,” a source from the bank told Aswat al-Iraq news agency on Tuesday. He […]
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.