Trade Bank of Iraq Welcomes American Investment
"Iraq is an under-banked country, having only 550 bank branches for a population of approximately 30 million. We have to increase the number of banks and put more Iraqis back into the banking sector. American finance banks and finance institutions can help us.
Textbooks Sale Ban in Basrah Markets
Vice education and teaching department manager in the governing council, Ghanim Abed Al-Amir, disclosed the arrest of someone stealing books from the school supply department He stated to eye media "The person stealing the textbooks is working as a guard near the school supply department. He was sneaking in at night. A large number of […]
10 Electricity Transformers for Basra
The Iraqi Council of Ministers agreed to pay the cost of purchasing 10 electricity transformers for Basra province. “Each transformer is 400 KVA,” Dr. Ali al-Dabbagh said in a release on Sunday received by Aswat al-Iraq news agency. He explained that Iraqi Prime Minister Nouri al-Maliki promised to pay for the transformers during his visit […]
Iraq Oil Plan to Drill 15 Oil Wells
The initial development plan agreed by Royal Dutch Shell, Malaysian partner Petronas and Iraqi oil officials includes inviting oil service firms to drill 15 new wells, an Iraqi oil official confirmed today.
Total Wants Bigger Stake in Iraq's Halfaya Field
Total is consdering a bigger stake in the Halfaya oilfield, in a bid to increase its presence in Iraq, its chief executive said on Thursday.
NOC Drills 9 New Oil Wells
Iraqi state-run North Oil Company (NOC) finalized drilling nine new oil wells and will rehabilitate 13 other oil wells during the coming days.
Japanese Agency Works to Develop Agriculture in Kurdistan
Japan International Cooperation Agency (JICA) discussed possible projects, including the development of the agriculture sector in the region this week
Iraq Wants to Renew Electricity Contract with Iran
Iraq has asked Iran to continue supplying it with electricity in the future, according to an official statement reported by Azzaman. Electricity Minster Kareem Wahid held talks with the Iranian ambassador in Baghdad in the hope that Iran would agree to renew a contract regulating the purchase by Iraq of 350 megawatts from neighboring Iran, […]
Headlines from the Basra Arabic Press
Allawy for the PM position, and Al-Maliky for the President of the Country
French cement maker invests $600 million in Iraq
France’s cement maker, Lafarge, has invested $600 million to upgrade production in two Iraqi cement companies.
Barzani Approves Kurdistan Region’s 2010 Budget
President of Kurdistan region Massoud Barzani ratified on Wednesday the 2010 budget
Iraq Oil Ministry Says New Government Shall Not Cancel Newly Signed Oil Contracts
Iraq Ministry of Oil said that the upcoming government does not have the right to cancel the oil contracts