Minister Meets Italian Water Companies in Jordan
Water Resources Minister Abdullatief Jamal Rashied headed for Jordan leading an Iraqi delegation to attend a meeting with Italian companies on the strategic study of water resources, a ministry’s statement said on Wednesday. “The long-term strategic study is considered as the future policy for water resources in Iraq,” the minister said in a statement received […]
Zain Changes Management in Iraq
The Zain Group announced today that the management of its Iraq operation, Zain Iraq, will henceforth fall under the direct supervision of the Group's Chief Executive, Nabeel Bin Salamah. The former Zain Iraq CEO, Ali Al-Dahwi, has been appointed special advisor on Iraq for the Zain Group. The Zain Group explained that the move was […]
Iraq, Kurdistan Closer to Solution on Paying Oil Firms
Kurdish and federal Iraqi officials have agreed on potential mechanisms for paying oil firms operating in the Kurdish north but the proposals must be approved by the Iraqi cabinet.
Council of Ministers Agrees to establish Oil Company
The Council of Ministers agreed on Tuesday on the proposal presented by the Oil Ministry to establish the Central Oil Company (COC) with a capital of 100 billion Iraqi dinars.
Council of Ministers Authorises Finance Minister to use Japanese Loan
The council authorised the minister to invest the remaining amount of the Japanese loan of around $220 million in projects.
South Koreans Still in Talks for Steel Complex in Iraq
The Basra steel mill will have a capacity of 1.2 million-t/y of iron bars; 600,000-t/y of section steel; 1.2 million-t/y of hot-rolled products and a 500MW power station.
Basra Approves Free Trade-zone with Iran
Basra’s Investment Commission granted a permission to start a free trade-zone area with Iran.
Small Farmers to benefit from ID33 Bn Loans
The agriculture ministry has approved 2081 loans worth 33 billion Iraqi dinars, most of them will be given to small farmers. “The loan funds’ board decided on Tuesday (April 13) during its 30th session, headed by Minister Akram Moussa al-Hakim, to approve 2081 loans,” said a ministry’s statement received by Aswat al-Iraq news agency. “The […]
Finance, Electricity Ministers Review Important Projects
Finance Minister Baqer al-Zubaidi discussed on Tuesday with Electricity Minister Karim Wahid the important projects, which will be implemented by the electricity ministry in Iraq, according to a ministerial statement. “The meeting was attended by representatives of finance, planning and electricity ministries,” said the statement received by Aswat al-Iraq news agency. “The projects will include […]
South Koreans Still in Talks for Steel Complex
STX Heavy Industries, a South Korean contractor is still in negotiations with Iraq's industry and minerals ministry over the $3bn contract for a Basra steel mill project, Meed has reported, citing a source close to the deal. Upon completion, the Basra steel mill will have a capacity of 1.2 million-t/y of iron bars; 600,000-t/y of […]
ISX Index Down by 1.8%, Closes at 91 Points
The Iraqi Stock Exchange (ISX) index went down by 1.8% to close at 91 points as trading took place on Tuesday over shares of 37 out of a total of 82 electronically-registered firms. Shares of 9 companies went up, 19 down while 9 others retained their previous rates. The number of shares traded hit 506 […]
Basra OK’s Free Trade-zone with Iran
Basra’s Investment Commission has granted permission to start a free trade-zone area with Iran. “The project was proposed by a local firm,” a source from the commission told Aswat al-Iraq news agency on Tuesday. He said that the firm will invest $16.2 million in the project over a period of 25 years. ( Aswat Al […]