Electricity Ministry Produces Lighting Columns
The Iraqi Electricity Ministry has been able to produce lighting columns at competitive pricing. “The prices of produced columns are greatly reduced in comparison to those on the local market,” a media source from the Ministry told Aswat al-Iraq news agency. He said that the pillars were produced by the Ministry’s own efforts. ( Aswat […]
100,000 Visitors Per Day at Najaf Book Fair
The Najaf 3rd International Book Fair, that ended on Sunday (March 21) evening, witnessed 100,000 visitors per day. “The fair was open for 10 days,” Ali Jihad Hassani, a source from the fair, told Aswat al-Iraq news agency on Monday. He said that all books that were exhibited in the fair had been sold. ( […]
$US Sales Rise Dramatically to 251m
Sales went up by the CBI of the dollar in the auction for the sale of currencies, on Thursday, to reach a maximum of $251 million versus $181 million during the previous session. The bulletin issued by the CBI , that "the total volume of demand for the dollar stood at 251 million and 565 […]
$25m for New Bridge in Mosul
Mosul's traffic jams are to be reduced with the construction of a new bridge in the city, costing a total of ID30 billion ($25m). Ninewa's Governor, Athele al-Nujaifi, told Aswat al-Iraq news agency that a specialised local firm will execute the project.
$20m for 2nd Stage of Road Project
The Iraqi Ministry of Finance has allocated 25 billion Iraqi dinars (about $20m) for the second stage of a road project linking Diwaniya to Samawa, according to Aswat Al Iraq. During its session on 29th Dec 2009, the Iraqi cabinet agreed to earmark ID61 billion (about $51m) for the project, which is being carried out […]
Kuwaiti Company Seeks to Invest in Karbala
Aswat Al Iraq quotes a senior local official as saying that a Kuwaiti company is keen to invest in Karbala province. “A delegation from Kuwaiti Bukhamseen Holding paid a visit on Monday to the Karbala council, where it expressed desire to implement projects in the province,” Engineer Zuhair al-Karieti told Aswat al-Iraq news agency. “The […]
PetroChina Sets Sights on the Mideast
PetroChina will be targeting Iraq and Iran and is looking to focus on five projects — the Ahdab, Rumaila and Halfaya oilfields in Iraq, and the North Azadegan and Masjed-i-Suleiman fields in Iran.
Protesting against election results is unconstitutional, says Iraqi politician
Democratic elections normally lead to stability and a smooth transfer of power. But not in Iraq. The results of the latest elections may lead to violence and instability in a country torn by wars and civil strife. The President Jalal Talabani and Prime Minister Noor al-Maliki both dispute the results and have called for a […]
Oil cartel fears losing control over supply as Iraqi output hits 20-year high
OPEC fears that its grip on the global supply of oil is being threatened by the rising output of Iraq's oilfields and the prospect of billions of dollars of multinational investment in the world's leading untapped oil resource. Iraqi oil exports in February were at their highest in 20 years, at an average of 2.08 […]
Investment permit given to build shopping complex in Basra
The investment commission in Basra has given an investment permit to establish a shopping complex in the north of the city at a total cost of $3.27 million U.S. dollars.
Turkey aims to renew oil pipeline accord with Iraq
Turkey is negotiating the renewal of an agreement on operating a pipeline that carries Iraqi crude oil to world markets and hopes to extend the deal by up to 20 years, Energy Minister Taner Yildiz said on Tuesday.
Iranian bank opens branch in Basra
Iranian Bank has opened a branch in the southern province of Basra to facilitate money transfer between the two countries, the Iranian consul in the city said on Wednesday.