CBI Dollar Sales Up to $156m
The Central Bank of Iraq’s (CBI) dollar sales went up to reach $156.425 million in its daily auction on Monday, compared to $127.650 in the previous session. “The demand hit $5.400 million in cash, covered at an exchange rate of 1,183 Iraqi dinars per dollar, and $151.025 million in foreign transfers outside the country, covered […]
Turkish Firms Discuss Strategic Projects in Karbala
Turkish firms met with the local government in Karbala to discuss setting up strategic projects in the holy city, according to the deputy chief of the provincial council on Sunday. “The Karbala provincial council received a delegation representing a consortium of Turkish companies and discussed ways to establish projects in the city,” Nassif Jassem al-Khatabi […]
Iran-Iraq Oil Pipeline Closer to Construction
Iraq is planning to establish a pipeline between the southern Iraqi city of Basra and the Iranian city of Abadan to expand its exports capacity, Econews reported.
Tikrit, South Carolina Universities Sign Agreement
A delegation from the Tikrit University on Friday signed a scientific agreement with the U.S. University of South Carolina.
Government Amends Law to Encourage Investments in Refining Crude Oil
The Council of Ministers approved on Thursday the first amendment of the special investment draft law in refining crude oil to encourage the Iraqi and foreign private sector to invest in this field
Kuwait: UN Pays $590 Mln in Damages for 1990 Invasion
A United Nations commission has paid 590 million dollars to nine successful claimants in connection with Iraq's 1990 invasion of Kuwait.
Iraq in Talks to Buy Hawk Jets from UK
The Iraqi government is in talks to buy Hawk trainer jets from the UK in a deal that could be worth up to £1bn and would be a boost for BAE Systems
French Shipping Major Revamps Iraqi Port Facilities
French shipping giant CMA CGM has confirmed that it will open its newly renovated deep water quay in Umm Qasr port
Iraq Signs Contract to Implement Water Strategy with Italian Companies
Minister of Water Resources, Abdulatief Jamal Rashied, signed on Thursday implementing strategic study of Iraq’s water and lands resources contract with Italian SGI and MED companies at a cost of $35.8 million
KBR Profit off 40 Percent As Govt Work Declines
KBR Inc, a U.S. engineering company, reported a 40 percent drop in quarterly profit on Thursday as its work in Iraq wound down and spending by many of its energy industry clients remained subdued.
KRG and Germany Inaugurate First Lufthansa Flights to Erbil
Iraqi and Kurdistan Region Ministers, diplomatic officials and the business community gathered on Tuesday to inaugurate Lufthansa’s first flights to Erbil International Airport, in the capital of the Kurdistan Region. Kurdistan Regional Government (KRG) Interior Minister Karim Sinjari and Iraq’s Deputy Prime Minister Dr Roj Shawis and Erbil’s diplomatic community participated in the ceremony. In […]
Value of Iran’s Exports to Iraq Likely to Exceed $8 Billion
The value of Iranian exports to Iraq is expected to exceed $8 billion this year, Iranian embassy’s commercial attaché in Baghdad said. Ali al-Haydari said Tehran’s trade and commercial links with Baghdad boomed shortly after the overthrow of the former regime by the U.S. in 2003. The exchange of trade was a trickle under former […]