Iraqi News & Iraqi dinar Updates
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China ready to provide training in oil in Iraq and other fields aswell
February 08, 2006
China is keen to train Iraqi personnel working in the oil sector and other fields, a foreign ministry statement said.The statement, faxed to the newspaper, said the Chinese were willing to provide training in the spheres of telecommunications, power generation and diplomacy as well as oil.
Oil refinery deal between Poland and Iraq
February 01, 2006
Ministry of foreign affairs has announced the ability of dealing in the field of oil refinery, transportation, commerce and agriculture between Iraq and Poland.
Stolen masterpiece from Iraq exhibited for sale in New York city
February 01, 2006
An official source at the State Ministry for Tourism and Antiquities has said that a head of a golden ax is now exhibited for selling in New York city, that ax had been recently stolen from one of the Iraqi archeological sites.
Foreign firms find oil in Iraq's border town
February 01, 2006
Foreign firms have reached “very good results” in their exploration for oil deposits in the border town of Zakho, said Mohammed Zaibari, head of the northern oil distribution company.
One bilion Iraqi dinar for Baghdad University
February 01, 2006
The Ministry of Higher Education and Scientific Research has allocated 2 billions and Iraqi dinar 960 millions for Baghdad University, within the annual allocations appropriated by the ministry to the Iraqi universities.
Iraq is seeking $40bn GCC generosity
January 29, 2006
Iraq is seeking generous debt forgiveness from GCC states when it meets them for talks to settle $40 billion debt, the country's Central Bank Governor said.
Turkish banks will open in Iraq
January 26, 2006
Two major Turkish banks, Vakifbank and Akbank are preparing to open representative offices or branches in northern Iraq, where 200 Turkish companies currently operate and annually, $2 billion worth of exports are conducted. Akbank and Vakifbank have reportedly started talks with Iraqi authorities.
Syrian government approves creation of private bank, with Kuwaiti investments
January 26, 2006
DAMASCUS:The Syrian cabinet on Tuesday gave an initial approval on the creation of a new Syrian private bank with investments from Kuwait, Bahrain and Lebanon.
Iraq Oil projects target 3 million bpd output
January 19, 2006
Scores of projects worth $1.7 billion have been launched to rehabilitate Iraq's dilapidated oil sector and help achieve a production target of 3 million barrels per day, a senior US official said yesterday.
Iraq urged to woo private investment
January 19, 2006
Iraq must look to private investment, international lending and its own growing economy to finance reconstruction now that $21 billion set aside by the US Congress for that purpose is nearly used up, three US officials said yesterday.
Saudi,Iraqi Cos To Set Up New Iraq Bank,Insurance Co
January 19, 2006
Saudi and Iraqi investors are partnering to form a new commercial bank and an insurance company in Iraq, executives with one of the cofounders said Monday.
Investors eyeing property markets in Iraq and India
January 19, 2006
Real estate investors have begun eyeing underdeveloped property markets in Iraq and India, resulting in capital flight in the recent past, said sources in the sector.
Iraq planing for $2 billion bond
January 05, 2006
Iraq plans to issue a $2 billion bond in the next few weeks as part of a debt settlement that marks the country's return to international markets after wars and sanctions, Finance Minister Ali Allawi said.
IMF Approves $685 Million Loan For Iraq
December 31, 2005
The International Monetary Fund approved a new $685 million (euro577.62 million) loan for Iraq, giving the country a critical endorsement of its economic performance.
Iraq economy looks positive in 2006
December 31, 2005
Experts predict that the formation of a new Iraqi government, following a year of political reforms, will help stabilize the country, revive its stagnant economy and pave the way for contentious measures such as privatization.
Baghdad municipality intends to refurbish Baghdad
December 17, 2005
Baghdad municipality says it intends to refurbish Baghdad following the general elections scheduled for December 15. The move comes following the transfer of millions of dollars into the municipality cash-strapped coffers recently.
Iraq Universities need better dormitories
December 17, 2005
Iraq Ministry of Higher Education and Scientific Research says it needs to build more dormitories to accommodate the increasing number of students being enrolled at universities across the country.
Jordan to guarantee security of Iraqi voters during elections
December 12, 2005
AMMAN -- The Amman government will provide all safety measures for all Jordan-based Iraqis during elections, due on December 15, an Iraqi elections' official said Sunday.
OPEC'S meeting in Kuwait
December 11, 2005
Qatar's second Deputy Prime Minister and Minister of Energy and Industry Abdullah bin Hamad Al-Ateya praised Kuwait for hosting the Organization of Petroleum Exporting Countries (OPEC) ministerial meeting next week.
4 percent growth projected in Iraq
December 11, 2005
BAGHDAD, Iraq — Iraq's economy is expected to grow by 4 percent this year and by double digits in 2006 as reconstruction efforts begin to bear fruit, a U.S. official said Thursday. But the cost of the insurgency remains high, both in financial and emotional terms.
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