Industry Ministry to Invest in Nassir Company
The Iraqi Industry Ministry will invest in the state-run Nassir Company over the coming five years. “The necessary funds for this purpose have been allocated,” the Ministry said in a release on Wednesday received by Aswat al-Iraq news agency. It noted that the funds will be used to rehabilitate the company’s water treatment units and […]
Iraq to Receive Rest of Oil-for-Food Funds by Year End
The Iraqi Government has a “realistic” plan to take full ownership of a fund administering proceeds from export sales of petroleum under the Oil-for-Food Programme by the end of this year, a top United Nations official said on Tuesday. “Once all the outstanding activities under the Oil-For-Food Programme are concluded, and taking into account issues […]
UAE-based Firm Rehabilitates Parts of Umm Qasr Port
Iraqi Ports Company has signed a contract with a U.A.E.-based firm to rehabilitate parts of Umm Qasr Port in Basra province, southern Iraq.
Chinese Plans for Bateera Airport
The local government is studying a project put forward by CNPC, Total and Petronas, which invest in al-Halfaya oil field, to turn al-Bateera military airport into a civil one,” the head of the investment commission in the Missan provincial council, Muhsin al-Bakhati said.
Russian Firm Discuss Investments
Iraqi Industry Ministry discussed investment opportunities with a delegation from the Russian firm Wontert Capital AG.
Chinese Firm Signs MoU to Conduct 3 Projects in Karbala
A Chinese company delegation has signed a memorandum of understanding (MoU) to carry out three housing and commercial projects in Karbala.
7 Locations Zoned for Investment Projects in Missan
The local authorities in Missan have zoned seven locations for the establishment of investment projects in the province.
French Delegation Discusses Investment in Basra
A French delegation has discussed investment opportunities during a meeting with the governor of Basra.
Parts of Habaniya Airbase to go Civil
Semi final agreements have been reached to change parts of the Habaniya Airbase in al-Anbar province into a civil airport. "The process is part of the al-Anbar investment plan," Mizhir Hassan, head of the al-Anbar Investment Commission, told Aswat al-Iraq news agency on Monday. He said that a civil airport in al-Anbar will contribute to […]
ISX up Tuesday
The Iraqi Stock Exchange (ISX) index went up by 2.3% to close at 93.3 points on Tuesday . Shares of 10 companies went up, 14 down while 9 others retained their previous rates. The number of shares traded hit 1.3 billion worth 2 billion Iraqi dinars (roughly 1.7 million U.S. dollars) through 227 deals. The […]
New Medical Factory in Mosul
A new factory for producing medical cotton and gauze has opened in Mosul city. "The total cost of the project is around $2.5 million," a source from the factory told Aswat al-Iraq news agency. He said that the factory's capacity is 0.5 tons per day. The source noted that the Iraqi Ministry of Industry funded […]
ID200b for Baghdad Roads
Baghdad Mayoralty has allocated ID200 billion to pave roads in the Iraqi capital in 2010. “Work will be executed through 13 contracts,” the mayoralty’s media office said in a release on Tuesday received by Aswat al-Iraq news agency. He noted that five million square meters will be paved this year in Baghdad. ( Aswat Al […]