Kurdistan Ready to Re-Start Oil Exports
Iraq's Kurdistan region is ready to start exporting oil at a rate of 100,000 barrels per day as soon as a new Iraq government is formed, its Natural Resources Minister Ashti Hawrami said today.
Turkey strengthens Iraqi energy ties
Turkey strengthened its energy ties with Iraq by renewing a contract to import Iraqi oil to the Turkish Mediterranean Sea port of Ceyhan, where Azerbaijani oil also arrives via the Baku-Tbilisi-Ceyhan pipeline.
Iraq eyes non-oil investments
Iraq wants to form joint ventures with foreign investors to overhaul some 240 idle factories around the country
Erbil's New Airport: a Week's Work in a Day
By Aiyob Mawloodi Erbil's new international airport is expected to shoulder a heavy load in the development of the city, the region, and the country. The General Manager of Erbil's new airport, Mr. Stafford Clarry, announced in a press conference on Wednesday, March 24, that the new Erbil International Airport has started flights as a […]
Final Election Tally
The full election results have been announced – according to Bloomberg, the seat tally is as follows: Former Iraqi Prime Minister Ayad Allawi’s Iraqiya alliance secured 91 seats; Prime Minister Nuri Al-Maliki's State of Law alliance won 89 seats; Iraqi National Alliance, led by pro-Iranian Shiite cleric Ammar al-Hakim, came in third with 70 seats; […]
ISX Down 94.8 Points
The Iraqi Stock Exchange (ISX) index this week went down to register 94.8 points with trading worth 3.4 billions Iraqi dinars, compared to last week which registered 97 points. Traded shares this week worth around 3.425 billion Iraqi dinars ($2.9 million) through 1282 deals with non-Iraqi investors completing 175 deals worth 645.615 million Iraqi dinars, […]
The National Iraqi Coalition has called for a round-table, for the political parts
The Iraqia List is quite determined to nominate Alaawy for the next PM
Kuwait Developments:Progress alongside Iraq.
It has been an exciting few weeks in Kuwait where the Government approved a $104bn development plan - the proximity and historic links to Basra where similar high impact developments in the oil and gas sector are starting, promises to create economic heat in the North of the Gulf.
Re-basing the Iraqi Dinar
The Central Bank of Iraq is planning to rebase the Iraqi dinar but hasn't decided yet on the timing of the move, the bank said in a statement last week. Affirms its commitment to its strategic projects, particularly knocking three zeroes from the Iraqi dinar," the statement said. "Despite the technical and logistical preparations for […]
New Stock Market for Diwaniya
The U.S. reconstruction team in Diwaniya has held a conference to establish a stock exchange in the province, in cooperation with the local government. “The conference was held at the headquarters of the Diwaniya Chamber of Commerce”, a media adviser in the team, Ahmed al-Quseer, told Aswat al-Iraq news agency. The U.S. team has helped […]
Compressors for Basra
The project to install and operate central air compressors at the shipyard of the Iraqi Ports Company in Basra has been completed. “The compressors are of the reciprocating type,” Anmar al-Safi, the company’s media director, told Aswat al-Iraq news agency on Thursday. He said that the project was executed by the company’s technical staff. ( […]
Electricity boost for Diwaniya
In cooperation with the local government, the U.S. reconstruction team has inaugurated an electricity transformer station that supplies power to 10 neighborhoods in Diwaniya. “The station will reduce the load currently placed on the stations of al-Jazaer and al-Malaab,” a media advisor in the team, Ahmed al-Quseer, told Aswat al-Iraq news agency. The cost of […]