Debt Crisis Weighs on Oil
It says any improvements seen so far in world oil demand have been "overwhelmed" by increased supply and persistent worries about the stability of the world's economic recovery.
Security Concerns, Corruption Keep German Investors Away from Iraq
“Although security situation in Iraq is stable, the image associated with the country in German investors’ minds is about bombings and security violations,” the consular told Aswat al-Iraq news agency.
Turkish Banks Eye Partnerships with Iraqi Banks
Private Turkish banks are interested in setting up joint ventures with private Iraqi banks, Iraq's finance minister said on Wednesday.
Iran Wants Lasting Economic Ties with Iraq
Iran must find ways to create lasting economic ties with Iraq amid fierce competition from other countries also seeking investment and trade opportunities there, Iran’s ambassador-designate to Baghdad said.
Minister of Industry Considers Ways to Promote Joint Cooperation Between Iraq and South Korea
Minister of Industry and Minerals Franso Fawzi al-Hariri met yesterday the Ambassador of the Republic of South Korea in the ministry's headquarters in Baghdad.
Jordan, Iraq Discuss Establishment of a Joint Free Zone
A delegation from the Iraqi Free Zones will arrive in Amman on Tuesday to continue talks on establishing a joint free zone with Jordan.
Iraq Considers Dissolving Airline over Row with Kuwait
The Iraqi council of ministers has decided to dissolve Iraqi Airways and liquidate its assets after the airline dropped flights to England and Sweden in a row with Kuwait over war reparations.
Emirates Appoints Al Handal International Group As Exclusive General Sales Agent in Baghdad
Emirates has appointed Al Handal Group as its general sales agent in Baghdad, Iraq, effective immediately. With Emirates recently announcing services to Baghdad, available from 1st July, the carrier is keen to build up its presence in Iraq
New CEO for Zain Iraq
Zain Group has announced the appointment of Mr Emad Makiya as the Chief Executive Officer of Zain Iraq, effective June 15, 2010. He is replacing the Group's Chief Executive, Mr Nabeel Bin Salamah who took direct management of the subsidiary in April. The then CEO, Mr Ali Al Dahwi was removed from the post without […]
Mid East Mobile Users spend $20 a Month on calls
The Middle East region is one of the most dynamic mobile markets in the world with a 23% increase in subscriber base and 12% increase in revenues in 2009 according to the latest market analysis from Dataxis Intelligence. It also has one of the highest mobile revenue per user per month (Arpu) with an average […]
Building and Reconstruction Award to Minister of Communications
The Observer Foundation has honoured the Minister of Communication, Eng Farouk Abdel Qader Abdel-Rahman, with a building and reconstruction award for outstanding efforts made to obtain the fourth mobile phone license. Abdul Rahman was praised during ceremony for the prominent role the ministry played to get this license. As a result advanced and modern services […]
Ministry Minimizes Farming Shortfall
The Iraqi Agriculture Ministry has been able to minimize the farming shortfall, said a high ranking official from the ministry. “This was achieved by prohibiting the import of some agricultural products,” the source told Aswat al-Iraq news agency on Wednesday. He noted that governmental financial support to farmers has boosted agricultural production in Iraq. ( […]