Foreign Investment Continues, as Lukoil Announces Plans
Foreign direct investment continues in Iraq as the pace picks up on the rehabilitation of the country’s infrastructure and economic base. Russian-based LuKoil is to drill its first exploration well at Iraq West Qurna 2. Mr. Vagit Alekperov CEO of LUKoil said that Russia’s largest privately held oil company, LUKoil, "[will] start drilling the first […]
Al-Shahrestani Urges Ministries to Facilitate IOCs
Minister of oil Hussein al-Shahrestani on Monday called for all Iraqi ministries and institutions to facilitate the work of the international oil companies working in Iraq.
Turkish Company Discuss Housing Project
The Basra investment commission said it received on Monday a delegation from a Turkish company, ranked 150 among construction companies worldwide, to discuss a housing project in the province, according to a commission statement.
Iraqi Ports Company Puts Port for Investment
The Iraqi Ports Company has called on international and local firms to invest in a Basra port.
Loan Limit Increased to Farmers in Kirkuk
The loan limit to farmers in Kirkuk has been increased to ID250 million. “Loan amounts depend on the farming project,” Mahdi Mubarak, the Kirkuk agriculture director, told Aswat al-Iraq news agency on Monday. He noted that the loan is given by the Iraqi government, and covers 80 percent of project’s cost. “Farmers will pay no […]
Education Employee Sentenced to 7 Years in Jail for Embezzlement
The Criminal Court in Thi-Qar has sentenced an education employee to seven years in prison for embezzling 145 million Iraqi dinars (ID). “The employee has been found guilty in accordance with Article 316 of the Criminal Law,” the Supreme Criminal Council said in a statement received by Aswat al-Iraq news agency. The statement said that […]
Najaf Council Threatens Civil Disobedience to Open Local Airport
The Najaf council threatened on Monday to declare civil disobedience and to close all local departments if the central government refused to reopen Najaf’s international airport within 3 days. This came during an extraordinary session held by the local council, attended by Najaf Governor Adnan al-Zerfi, who announced that he will meet the premier to […]
1st International Commercial Conference Opens in Karbala Karbala, 13 April 2010 ( Aswat Al Iraq )
The first international commercial conference was opened on Monday by the Karbala Chamber of Commerce, with the participation of the Indian ambassador to Baghdad and the Karbala governor. “Our embassy will do its best to improve investment operations in Iraq and Karbala” said the Indian ambassador. “This investment conference is one of a series to […]
Oldest Petrol Station in Karbala Opens
The oldest petrol station in Karbala City reopened on Monday, according to a local official. “Karbala’s Governor Amal al-Din al-Hir opened the project, located 1.5 km south of Imam al-Hussein’s shrine,” the head of the oil products department in Karbala, Hussein al-Kharsan, told Aswat al-Iraq news agency. Work on the project took nearly four months […]
E-Government Conf. Kicks off in Arbil
A private conference on the application of electronic systems in governmental institutions began in the city of Arbil on Monday with the participation of Kurdistan region’s Prime Minister Barham Saleh and minister of technology and science Raed Fahmi. “The three-day conference highlights the importance of applying an e-government system in the state’s institutions to ease […]
Turks Discuss Basra Housing Project
The Basra Investment Commission said it received on Monday a delegation from a Turkish company, ranked 150 among construction companies worldwide, to discuss a housing project in the province, according to a commission statement. Midhat Binjuin, the manager of the Turkish company, said “Our company has constructed many of the important projects in the Middle […]
552 Housing Units for Basra’s Faw
The investment commission in Basra has revealed a project to build 552 housing units in Basra’s Faw district, the head of the commission said on Monday. “Each unit is made up of three stories and 12 apartments of 100 square meters each,” Haydar Ali told Aswat al-Iraq news agency. A theme park project will also […]