Iraqi News & Iraqi dinar Updates
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Japan Develop Azzahraa General Hospital in Kut, Iraq
October 01, 2006
A source in the Health Office in Wasit Province said last Monday that a Japanese company would develop Azzahraa General Hospital financed by the Japanese government's grant to Iraq.
25 German Companies are taking part in the Second Kurdistan Fair
October 01, 2006
The Iraqi–American Chamber of Industry and Commerce signed contracts with 25 German companies specialized in carrying out electricity and mechanical projects as well as developing projects. This was stated by an authorized source inside the Chamber who also added that the contracts are meant to attract those German companies to participate in the second International Kurdistan Fair which will be held in Sulaymaniyah on the eleventh of next November.
International Oil Companies are Rushing to Invest in Iraq
October 01, 2006
Iraqi Oil Minister, Husain Ashahristani, confirmed that many big oil companies are ready to start negotiating with Iraq about developing oil fields before the new law of gas and oil is legislated. The law is expected to be ready by the end of the current year.
World Bank grants Iraq over USD 6 million to finance socio-economic survey
September 29, 2006
The world Bank said on Thursday that it had signed an agreement with Iraq's Ministry of Planning and Development granting the latter two sums of money worth a total of USD 6.6 million to help finance "a nationwide socioeconomic household survey and to formulate a poverty reduction strategy."
Iraq signed an Agreement with the International Financing Company (IFC)
September 28, 2006
Vice president of the Iraqi-American Commerce and Industry Chamber, Adic Nigh, signed an agreement with the IFC one of the International Bank’s Foundations. According to this agreement, Iraqi cadres will be trained in the industrial, economical, and managerial fields; their skills as well as the Iraqi human resources will be developed.
Fixing up Feeding System of a Production Line in an Engineering Company
September 28, 2006
Ashaheed General Company, one of the companies of the Industry and Metals Ministry, managed to fix up the Thirstier system that controls the operation of thick copper wires’ production line. The work was done by the engineering staff of the company.
Iraqi Oil Ministry: We will Reconsider all Investment Contracts
September 28, 2006
Iraqi Oil Minister, Hussain Ashahristani, stated to the press in Baghdad that the ministry is not bound to the contracts concluded previously. He added that the Iraqi Oil Investment Law will solve the problems resulted in from concluding these contracts.
Korean companies willing to invest in Iraqi oil sector
September 28, 2006
Korean companies showed preparation for investment in oil fields in all areas of country especially in southern and central areas, meanwhile Oil Ministry attempts to solve disputes with Turkey about import of oil derivatives and debts on Iraq.
Director of the Iraq stock exchange market: the people are in need of a direct edification in iraq Stocks Investment
September 26, 2006
Commissioned Director of Iraqi exchange market, Taha Ahmad AbdulSalam, confirmed that Iraqi public has lately participated in the prosperity of the circulated stocks’ prices in the market in spite of the fact that most participants entered it without having the slightest experience.
Iraq Central Bank to apply International Standards Concerning Sufficiency of Capitals
September 26, 2006
An official source in the Iraqi Ministry of Finance confirmed that Iraqi Central Bank will possibly approve the application of international standards concerning the sufficiency of capitals, according to the resolutions of the second conference held in Bazil.
Cyprus cancelled all debts on Iraq
September 26, 2006
Cyprus cancelled all its debts on Iraq and confirmed its continual support to reconstruction of Iraq, said that informational spokesman of Finance Ministry.
No increase in fuel prices in Iraq
September 24, 2006
Dr. Hussein al-Shehrasstani, the Minister of Oil has indicated that the government is dealing with the oil file through a postulate approved the population ownership to the oil, which is a part of the country wealth, referring that the people has the right to get acquaint elaborately on all details of this file, beginning from oil drilling until it's reaching to the consumer wherever he is.
Zawbaee Discusses Foreign, Interior Performance in Berlin
September 24, 2006
Deputy prime minister Salam al-Zawbaee discussed yesterday with German Foreign Minister Frank Falter ways of enhancing diplomatic relations between Baghdad and Berlin by making use of the Germany experiences and practices through arranging common work program to lift the ability of the Iraqi diplomatic and administrative whom work in the diplomatic corps.
Muqtada Sadr urges followers to resort to
September 24, 2006
The Shiite radical cleric Moqtada al-Sadr seems to be willing to compromise and is urging his followers not to use force in opposing the Iraqi government and the presence of U.S. troops.
Steady gas and power supplies in Iraq boost petrochemical output
September 24, 2006
For the first time since the 2003 U.S. invasion the State Company for Petrochemical Industries boosts output to 10,000 tons in nearly seven months.
In order to Make Foreign Investment Acceptable in Iraq
September 23, 2006
It is normal for developed countries ((mostly the hostesses of foreign investments)) to think about the benefits of this investment in many ways: economical, social and mainly political. In addition to other aspects like the systems used for managing foreign capitals in a host country and the nature of activities and functions that these investing capitals agree to.
Zalmai Khalil Zad Invites American Companies to Invest in Kurdistan, Iraq
September 20, 2006
The American ambassador in Iraq, Zelmai Khalil Zad, invited American companies to take part in Arbil International Fair and invest their money in the Iraqi Kurdistan Province especially in the sectors of agriculture and tourism.
Two billion iraqi dinar Compensations for Shorja Fires and Robbed Banks
September 16, 2006
Mr. Saeed Abbas Mirza, director general, of Iraqi Reinsurance Company announced that Shorja Fires compensations reached 2 billion iraqi dinar ; 1/3 of the sum which is estimated at 650 million iraqi dinars. was undertaken by an insurance company.
Iraqi Banks hold meetings in Arbil
September 16, 2006
Three Iraqi Banks decided to hold their annual meetings for general boards in Arbil , capital of Kurdstan in Iraq , which is against the regulations due to the disturbances in Baghdad which is the legal location for such meetings.
Poland Provides Iraq with Helicopters and Electronic Surveillance Devices
September 16, 2006
Iraqi Cabinet announced in a statement on Wednesday that Abdul Qadir Jasim Al-Ubeidi, Minister of Defense, had made a successful visit to Poland and Turkey where he signed contracts to buy Helicopters of fine specifics and developed electronic surveillance devices; they are to be used for monitoring oil pipelines, electric power systems and other vital targets.
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