Iraqi Banking Sector Flourishes
Iraq Private Bankers' League (IPBL) said that the capital of Iraqi private Banks increased from $30 million in 2004 to $1.6 billion today.
Turkish Industries Exhibition in Basra
Preparations have been made for an international exhibition for Turkish industries at Basra International Airport, a local source said on Thursday.
Bulgarian Trade Delegation Meets Basra Officials
Sheikh Ahmed al-Seleity received a trade delegation from Bulgaria and the trade attaché in the Bulgarian embassy in Baghdad to facilitate investment in Basra
Ministry of Electricity to Cover Two Thirds of Iraq Electricity Needs by Summer
Iraq Ministry of Electricity said that it will cover two thirds of the country’s need of electricity during the upcoming summer after finishing the rehabilitation of Electricity power stations and to establish new units fast.
Drainage System in Basra
Work has begun on a drainage system project in Basra’s al-Qibla area at a total cost of 21 billion Iraqi dinars.
Iraq Stock Exchange Expects 50 Percent Boost from Securities Package
The Iraq Stock Exchange expects to boost business by 50 percent once new securities legislation is in place as new foreign investment i drawn in.
Kurdistan Investment Board to Set up Iron Factory
The Kurdistan Investment Board is currently deciding on a location for the largest iron factory in Kurdistan, which will be built at a cost of $130 million by a French company. The plans are at an early stage, according to Hersh Muharram, chairman of the investment board, and the plant will be built in cooperation […]
Minister Opens Al-Rasheed, Al-Dibs Gas Stations
Kareem Waheed, minister of Electricity has inaugurated the reopening of Al-Rasheed, Al-Dibs gas stations which will supply about 65 mega watts of power to Kerkok province. A statement showed that these two stations were working in the 80's and had stopped. Today, their production is 31 mega watts. The project will be managed by an […]
Livestock Increases 150%- Ministry
The Iraqi Ministry of Agriculture said that 2008 statistics have revealed a 150% increase in the number of the country’s animals compared to 2001. This came during a conference organized by the ministry in cooperation with the Ministry of Planning and attended by Aswat al-Iraq news agency. “The number of livestock increased by 150% in […]
Industry Ministry to Invest in Nassir Company
The Iraqi Industry Ministry will invest in the state-run Nassir Company over the coming five years. “The necessary funds for this purpose have been allocated,” the Ministry said in a release on Wednesday received by Aswat al-Iraq news agency. It noted that the funds will be used to rehabilitate the company’s water treatment units and […]
Iraq to Receive Rest of Oil-for-Food Funds by Year End
The Iraqi Government has a “realistic” plan to take full ownership of a fund administering proceeds from export sales of petroleum under the Oil-for-Food Programme by the end of this year, a top United Nations official said on Tuesday. “Once all the outstanding activities under the Oil-For-Food Programme are concluded, and taking into account issues […]
UAE-based Firm Rehabilitates Parts of Umm Qasr Port
Iraqi Ports Company has signed a contract with a U.A.E.-based firm to rehabilitate parts of Umm Qasr Port in Basra province, southern Iraq.