CBI: Hard to Manipulate Iraqi Banking System
Laws and regulations, in addition to audit and follow up commissions, make it hard to manipulate the Iraqi banking system, said a source from the Central Bank of Iraq (CBI). “Our duty is to monitor the performance of Iraqi banks , and foster their development and financial status,” the source told Aswat al-Iraq news agency […]
Iraq to Ship Oil and Gas to International Markets through Syria
“The sides discussed the possibility of ferrying Iraqi crude to Syria through the present pipeline and exporting it via Baniyas terminal,” according to a statement by the official Syrian news agency, SANA.
Iraq Ministry of Oil - New Oil Refineries
Deputy Minister of Oil Ahmad Al Shammaa said that after finishing the design of the refineries the ministry will offer the refineries for foreign investment that would be either complete or in collaboration with the Ministry of Oil.
Iraq Allocates USD 100 Mln for 2011 Arab Summit
The Iraqi government decided Wednesday to allocate USD 100 million to host next year's Arab summit.
Iraq Needs Private Cash
“The problem in Iraq is that 90 percent of the wealth of the nation is in the hands of the government. So centralism always dominates the mindset everywhere,” The economy is still largely disconnected from the global financial system and is dominated by oil.
Iraq Participates in Shanghai Expo
The pavilion will exhibit a model of the Hanging Gardens of Babylon, one of the ancient Seven Wonders of the World.
Foster Wheeler Awarded Contract for New Refinery in Iraq
Foster Wheeler AG announces that its Global Engineering and Construction Group has been awarded a feasibility study and FEED contract by the Iraqi Ministry of Oil - the proposed refinery will have a capacity of 300,000 barrels per day.
Umm al-Qasr Port Receives Ship Carrying 16,000 Tons of Sugar
The Iraqi port of Umm al-Qasr on Thursday received a merchant ship carrying 16,000 tons of sugar, the public relations and media director at the State Company for Iraqi Ports said. “The port received a Liberian ship carrying 16,000 tons of sugar,” Anmar al-Safi told Aswat al-Iraq news agency. “The port received also a Panamanian […]
CBI Sells $82 Million on Thursday
The Central Bank of Iraq (CBI) dollar sales went down to reach $82.740 million in its daily auction Thursday, compared to $110.862 million in the previous session. “The demand hit $2.650 million in cash, covered at an exchange rate of 1,183 Iraqi dinars per dollar, and $80.090 million in foreign transfers outside the country, covered […]
Lesson Four - At the Road Block
An Iraqi soldier at the roadblock motions for Ryan’s taxi to stop and then walks up to the taxi. AHmed: SbaaH ilkhair. أحمد: صَباح الخیر . Good morning. Soldier: SbaaH innuur. Wehn rayyiH? جندي: صَباح النور . وین رایح ؟ Good morning. Where are you going? AHmed: Aani da aakhuth haatha l Amriiki l finduq […]
Russian Company Mulls Implementing Oil Projects in Basra
A Russian company met with Basra's Governor, Shaltagh Abboud al-Mayah, on Thursday to discuss new investment projects in the oil sector, according to a report from Aswat Al Iraq. “Talks addressed the rehabilitation and reconstruction of the oilfields,” the source said. “The company presented a study on the Basra oilfields and ways to solve their […]
Iraqi Construction Firms Implement ‘strategic’ Projects
State run firms belonging to the Ministry of Housing and Reconstruction are capable of executing “any project assigned to them,” according to an official statement. The statement, quoting Housing and Reconstruction Minister Bayan Dazai, said: “The ministry has reinstated in the past four years all its companies destroyed after the events of 2003.” Iraq had […]