Economics/Buisness

Iraqi government postponed taking a decision regarding the project of repairing Kirkuk-Banias pipeline for transporting and exporting Iraq oil towards foreign countries thru Syria. Alexander Riyazanov CEO of Stroytransgaz Company which is one of the companies looking forward to implement the works ...

Iraq resumed full export of oil to Turkey through a northern pipeline after it was sabotaged last week, an official in North Oil Company said.
A carrier in Turkish Ceyhan port is being transported while three other carriers are still waiting to be transported, a Turkish maritime cargo source said ...

Dubai financial crisis does not affect Iraq’s real estate and monetary markets, Iraq’s central bank economic expert Bassem Abdul Mehdi said.
Iraq lives in economic isolation and is not linked to Dubai market or any other monetary market in the world, Abdul Mehdi added.
Iraq’s real estate ...

Dubai stocks hit a second day of turbulence today as it regressed by 6.15% while Abu Dhabi stock markets decreased by 5.9%.
In the first stock exchange session after Eid Al Adha, Kuwait market dropped by 2.2%. Most losses were reported in energy and real estate fields.
In Qatar, the monetary ...

The Director of Iraq Public drilling Company Idris Al Yassiri said that the company intends to drill 180 oil wells in 2010 and that it will be able to drill more than 250 new oil wells each year starting 2011. Yassiri said that the number of new oil wells in the upcoming year will exceed the number ...

Ministry of Transportation inaugurated Aazamia River embankment as a first step in the process of developing naval transportation projects. The Ministry called investment companies to work on establishing 16 embankments for river boats which enclose parks and floating restaurants. To that the ...

During the inauguration of the Iraqi-Polish Chamber of Commerce and Industry in the Capital Warsaw, the national authority for investment head, Thamer Al-Ghadban called Polish Companies to enter the Iraqi market to participate in construction and Investment projects. Ghadban said that the Iraqi ...