Electricity Projects in Basra to be awarded to Foreign Firms Only
“Specialized companies will only be allowed to execute such projects,” a source from the council told Aswat al-Iraq news agency on Monday.
Diversifying Iraq’s economy a mission impossible
Iraqi GDP growth remains at the mercy of the oil markets, with the economy growing 10.3% in 2008, slowing to 4.3% last year in the wake of the crash, and now expected to rebound to 7% this year as prices have recovered (according to the central bank’s latest forecast). This state of affairs has led […]
500 Attend Iraqi Kurdistan Trade Conference in London
The Prime Minister of Iraqi Kurdistan, Barham Salih, told more than 500 delegates at a major conference in London that Kurdistan welcomes foreign business, and invited international companies to participate in Kurdistan’s economic progress. Speaking at the Kurdistan Region Trade and Investment conference on Tuesday, the Prime Minister said, “Kurdistan welcomes foreign businesses with open […]
9 New Investment Projects in Najaf
The Najaf Investment Commission has approved nine new investment projects at a total cost of $38 million (more than 45 billion dinars), raising the number of investment projects in the province to 65, head of the commission said on Wednesday. “The NIC gave nine new investment licenses in the health, entertainment, commercial and educational fields […]
$100bn in Investment Permits in Baghdad
Eighty investment permits have been granted to execute projects in Baghdad at a total cost of more than $100 billion. “The permits were granted in coordination between the Baghdad Mayoralty, Baghdad Investment Commission, and the National Investment Commission,” the Baghdad mayoralty said in a press release on Monday, as received by Aswat al-Iraq news agency. […]
Indonesia, Iraq Agree to Remove Trade Barriers
Indonesia and Iraq have agreed to eliminate trade barriers and provide incentives to increase bilateral trade volumes, which suffered a sharp decline last year. During a meeting in Jakarta last week, the two countries’ senior trade officials agreed to establish a task force in the next three months to identify barriers in bilateral trade and […]
Plan to Invest Oil Revenues in Dhi-Qar
The Dhi-Qar council will prepare a plan to invest the oil revenues in the province, a member of the council’s economic committee said on Monday. “A committee has been formed by the Dhi-Qar council and the province’s oilfields authority to invest the one billion dinars oil revenues,” Mona al-Safi told Aswat al-Iraq news agency. “The […]
Weekly Security Update
National Overview 145 incidents were reported nationally during this reporting period showing a marked increase in the level of incidents from last week when only 92 were officially reported. A slight rise in the use of Explosively Formed Projectiles was also seen this week with four detonations country wide compared to only two last week; […]
World Food Discusses Programs in Basra
A representative of Basra’s governor on Monday discussed with representatives of the World Food Program methods to activate feeding students, as well as ration cards in the province. “The meeting also discussed importing technical support and technologies to Basra,” a provincial media source told Aswat al-Iraq news agency. He noted that the meeting also discussed […]
CBI Suspends Session Due to Armed Attack
The Central Bank of Iraq (CBI) decided to suspend its dollar sales on Monday and will resume its sessions on Tuesday after a recent armed attack, a media source said. On Sunday (June 13), the spokesman for the Baghdad Operations Command (BOC) Maj. General Qassem Atta said fifteen civilians and three terrorists were killed in […]
2 New Projects in Basra
The Basra Investment Commission announced on Monday that two projects in the province are up for bidding. “The first project is for a fishermen’s harbor in the al-Faw suburb,” a source from the commission told Aswat al-Iraq news agency. “The second project is for a factory to produce chemicals in the Abu al-Khaseeb suburb,” the […]
Iran MP Warns on Slow Development of Joint Oil Fields
Majlis Energy Committee Chairman Hamid-Reza Katouzian has warned about the sluggish pace of the development of Iran’s joint oil fields with Iraq and other Persian Gulf states. Katouzian blamed inadequate investment, wrong policies, and improper decisions in Iran’s oil sector for the slow progress in the oil sector. “Unfortunately, sometimes decisions that are made without […]