Iraq Wants to Renew Electricity Contract with Iran
Iraq has asked Iran to continue supplying it with electricity in the future, according to an official statement reported by Azzaman. Electricity Minster Kareem Wahid held talks with the Iranian ambassador in Baghdad in the hope that Iran would agree to renew a contract regulating the purchase by Iraq of 350 megawatts from neighboring Iran, […]
Headlines from the Basra Arabic Press
Allawy for the PM position, and Al-Maliky for the President of the Country
French cement maker invests $600 million in Iraq
France’s cement maker, Lafarge, has invested $600 million to upgrade production in two Iraqi cement companies.
Barzani Approves Kurdistan Region’s 2010 Budget
President of Kurdistan region Massoud Barzani ratified on Wednesday the 2010 budget
Iraq Oil Ministry Says New Government Shall Not Cancel Newly Signed Oil Contracts
Iraq Ministry of Oil said that the upcoming government does not have the right to cancel the oil contracts
First Fiber Optic Internet Service for US in Iraq
SniperHill Internet Services, LLC became the first fiber optic Internet provider for US Armed Forces serving in Iraq, it was announced today. High-speed fiber optic-based Internet virtually did not exist in Iraq. With an obsolete war-ravaged telecommunications infrastructure, most users rely upon slow and outdated, personal-rigged satellite systems for Internet communications. "We're thrilled to bring […]
Russian Flour Ship Reached Um Kaser Port
The Public Company for Cereals Trade said that a ship loaded with 52.5 tones of Russian flour had reached Um Kaser port. The shipment falls within the framework of the Ministry of Trade Flour imports. The company representatives in Um Kaser will transport the load to the port silos and the flour will be distributed […]
Minister Discusses Growth with Mill Owners
Proxy trade minister, Safa' Al-Deen Al-Safi, received a number of flour mill owners and discussed details of the new contract. He emphasised the importance of the private sector in developing production and his intention to support production of high quality flour to standards that meet the needs of citizen and state. National media center stated […]
Talafar Asks Nineveh to Reconsider Its Budget Allocation
Talafar Directorate in Nineveh Province called on the Province Council to reconsider its share of the current year’s budget since it only covers 25% of the province’s needs. However, Sinjar doubted that the government will agree. Talafar governor Abdul Al Abbas said that 10.9 billion dinars were allocated for the region. This amount is not […]
Oil Exports to Turkey to Resume
Iraqi crude exports to the Mediterranean port town of Ceyhan in Turkey could resume in a week after an explosion blamed on an attack damaged an oil pipeline on Thursday, an Iraqi oil official said. "We are sure now that it was sabotage not a technical failure... The time frame to fix the pipeline and […]
Iraq to Save Money Spent on Importing Oil Derivatives
According to Al SumariaTV, an Iraqi Oil Ministry Spokesman said that Iraq will save more than $5 billion by adding new refining units to the Al Dora refinery and rehabilitating the Beiji refinery. Money that used to be spent on buying oil derivatives from neighboring countries in order to meet the needs of the local […]
Qtel Q1 Profit More Than Doubles
Qatar Telecommunications Co QTEL.QA (Qtel) announced on Wednesday that it more than doubled its first-quarter net profit, beating analysts' expectations. They posted a first quarter net profit of 1.2 billion riyals ($329.8 million), compared with 593.7 million riyals a year-ago. Analysts polled by Reuters expected a first quarter net profit of 644.7 million riyals.[nLDE63A03Y] Expected […]