The latest Iraq economy news – industry, investment, trade, exports and more – brought to you by Iraq Business News
The business community in Iraq, and internationally, is focused on the task of rehabilitating the oilfields and re-building the country. This is hardly a surprise; quite apart from the investments to be undertaken directly by the oil companies, Iraq's National Development Plan foresees over $200 billion in investment in services, economic stimulus and environmental protection […]
An Iraqi diplomatic delegation on Tuesday held a meeting with the Vietnamese foreign minister, with whom they discussed ways of boosting diplomatic and economic relations, according to a foreign ministry’s statement. “The delegation, led by Undersecretary of Iraqi Foreign Ministry Labied Abbawi, expressed Iraq’s desire to strengthen relations with Vietnam in various domains,” said the […]
Iraq exported less crude in March than in the previous month because of faults due to poor weather, an Oil Ministry official said. "Exports were a bit less than in February because of technical reasons mainly linked to bad weather," Falah al-Amri, head of the State Oil Marketing Organization, said by telephone today. Al-Amri declined […]
The Iraqi Stock Exchange (ISX) index dropped slightly on Monday by 0.04% after the recent explosions that rattled the Iraqi capital, to close at 91.2 points as share prices of 12 firms out of a total 27 that traded in Monday’s session went down. Baghdad had been hit by a series of car bombing attacks […]
The Iraqi aviation sector is experiencing a surge of demand and is making strides in the development of its infrastructure, fleet and services. “This is an exciting period in the re-establishment of the Iraqi aviation industry,” observes William Wakeham, Managing Director of Anglo Arab Insurance Brokers. Iraq’s Ministry of transportation has recently announced (on March […]
This month (March 2010), investment permits have been awarded to several projects in Baghdad including companies working in the fields of housing, tourism and hotels. “Eight investment permits have been given to a number of companies. Housing projects were given a priority,” the Investment Commission in Baghdad said in a statement received by Aswat al-Iraq […]
The Central Bank of Iraq is planning to rebase the Iraqi dinar but hasn't decided yet on the timing of the move, the bank said in a statement last week. Affirms its commitment to its strategic projects, particularly knocking three zeroes from the Iraqi dinar," the statement said. "Despite the technical and logistical preparations for […]
Kuwait Airways welcomed meetings with Iraqi Airways' officials Tuesday, categorically denying any prior knowledge of an ongoing visit by an Iraqi delegation to Kuwait. The Kuwaiti national carrier made the welcome in a press release to KUNA to comment on a recent local news report suggesting that its officials had declined to meet their Iraqi […]
The Board of Supreme Audit on Monday said it has released the final account of the Iraqi government for the year 2007 after all amendments had been made to it. “Amendment have been made to the remarks and notes with regards to budget revenues and an accumulated surplus of 52.6 trillion Iraqi dinars…,” according to […]
A discussion loop in Basra on Sunday showed that the province has the lowest unemployment rate throughout Iraq. “Unemployment is among the biggest challenges that face Iraqi economy,” a source insider to the loop told Aswat al-Iraq news agency. She said that unemployment negatively affects economic and social circumstances in Iraq. (Aswat Al Iraq)
Al Arabiya mobilized its human and technical capacity to cover the electoral process and provide on-the-ground, first hand coverage to viewers yearning for breaking news, political programs and reports. Under the supervision of Nowfal Aljanabi, Head of Iraqi news and programming at Al Arabiya, the channel began to broadcast the show "Race to the Parliament" […]
The Ministry of Electricity has warned parliamentary candidates against using lofty promises for the provision of power supplies as part of their campaigning. Iraq is to hold elections on March 7. More than 6,500 are contesting the 325-seat parliament. Nominated by 86 parties, competition is tough and some candidates are reported to be giving “unrealistic” […]
