|  | On Friday a US statement had released, mentioning that USA will allow the Iraqi bank to do business with the US financial system after the bank showed it was no longer helping Iran evade financial sanctions.
19/05/2013 |
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|  | Turkish Minister of Energy and Natural Resources Taner Yildiz said that 19 countries and 39 companies cooperate with the regional administration in northern Iraq.
19/05/2013 |
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The parliament Economic and Investment Committee discussed including Iraq in New York Agreement for 1958.
19/05/2013
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Deputy Agriculture Minister Ghazi al-Ubaidi has stated that Iraq has gained the ability to meet its domestic demands for the vegetables and fruits of different kinds. He also remarked that recent leap in agriculture has put Iraq in a strong position and soon the agricultural sector of Iraq will serve nation’s economy significantly.
18/05/2013
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|  | Compared to 1220 dinars in mid-March, the price of US dollar in the local market has reached 1300 Iraqi dinars. This has been marked as a significant drop in the value of Iraqi dinar to US dollar in last two years, by the experts.
18/05/2013 |
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Fourth generating unit of Mussayab Electric Station resumed work in 100 Mega Watt, as announced by the ministry of electricity of Iraq.
18/05/2013
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The completion of the rehabilitation works on the first unit of Haditha Dam Hydro-Electric Station after completing the preliminary tests for the unit, has been reported by the ministry of Electricity.
18/05/2013
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MP, Mufeed al-Baldawi, of the Iraqi National Alliance has provided assurance to the government’s seriousness in compensating the affected persons due to the flood which occurred recently.
18/05/2013
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|  | Iraqi banks are looking forward to expand their businesses to gain more revenues and to streamlining the banking process in the country, which is marked as the second largest oil producer in the list of OPEC. However, so far, the banking business in Iraq is not satisfying, especially for privately owned banks – it is a hard time to expand business in Iraq.
16/05/2013 |
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|  | The Mytilineos group declared its advancement in discussions with the Chinese state construction company SEPCO, in order to make a successful joint undertaking of 1.05 billion US dollars in a project in the country of Iraq. The report has been released on this Monday.
16/05/2013 |
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|  | For carrying out oil exploration in the Kurdistan region, a Turkish firm has got into partnership with Kurdistan Regional Government and Exxon Mobil. Prime minister of Turkey is hopeful that this project of cooperation will take the relationship between Turkey and northern Iraq’s Kurdistan one step further. No doubt, this will strengthen the relationship between the two.
16/05/2013 |
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|  | The electricity minister of Iraq, Abdul Kareem Aftan, will discuss problems facing the work of the Ministry in the oil and energy parliament committee, which was hosted on Sunday.
14/05/2013 |
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Khur al-Zubair and Um Qasr Port of Iraq have received six commercial ships which are mainly loaded with cement and containers, as stated by Ministry of transportation.
14/05/2013
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The reserve of Iraqi Central Bank’s hard cash is experiencing high end success recently and it has been termed as a historic scenario. This has been said by a Central Bank official. As the official revealed, “The volume of hard cash reserves of the Iraqi Central Bank have reached $74 billion. This the highest figure of reserves ever in Iraq’s history,”
14/05/2013
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|  | To serve the people of the province of Diyala, work has been on the way on a new power plant. Turath Al-Azawi the province’s information officer has revealed this information.
14/05/2013 |
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Pipeline that was carrying Iraq’s oil from the northern oilfield Kirkuk to Turkey’s Mediterranean coast has been blew up by a group of militants on the early half of last Monday. This has stopped the flow of oil and export activities from the northern part of Iraq. It has to be noted that this is back to back 2nd attack on Iraqi pipelines in this month
14/05/2013
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Scottish oil services company Wood Group stated that the company has secured a one year contract to work in the Iraqi oilfield Majnoon, which is located at the southern half of the country. The company further illustrated that it has secured the contracted from the Shell Company, which is working at the oil fields, near the port city of Basra.
14/05/2013
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|  | Discussions are going on over the historic project of Baghdad metro. Since it has been discussed in the first International Conference for Technology and Communication Engineering in Baghdad’s University of Technology, curiosity amongst the common citizens is rising. A lot of people believe that this project will solve the transportation issues of the city and the officials have confirmed that the project will be implemented by the end of this year.
13/05/2013 |
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Member of OPEC – Iraq is in need for new oil pipelines for exporting crude oil from the country to the doors of world market. Iraq has prepared for raising its production level and at the same time, being neighbor to Iraq, Turkey has become one of keen members to help out Iraq in this regard. It will mutually profit both the nations, as hoped by the Energy Minister on this Friday.
12/05/2013
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Ministry of Tourism and Antiquities in Iraq announced that a Czech company will start restoring Taq-i Kisra (Iwan of Khosrau) as well as the neighboring archeological site in the southern part of Baghdad. This will definitely bolster country’s tourism sector and would profit good financial profit to the local government.
12/05/2013
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On Thursday, United States Agency for International Development (USAID) announced the launching of a new Youth Employment Promotion (YEP) Program in Iraq dubbed “foras” meaning opportunities for the upcoming 2 years.
12/05/2013
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Iraqi Trade Minister has raised burley and wheat prices in order to encourage the Iraqi farmers to sell their produced goods to the state-run silos. State-run firm affiliated to the Trade Ministry, namely the Grain Board of Iraq stated that recent downpour in the southern provinces particularly caused delayed launch of harvest season in the country.
11/05/2013
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Pete Jones has been appointed as the managing director of Taqa’s UK oil and gas business. Taqa is a global energy company based in Abu Dhabi. On the other hand, Leo Koot has been appointed as the managing director of the company in Iraq. Jones will be based in Aberdeen and responsible for the company’s operations in the UK North Sea.
11/05/2013
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|  | The Iraqi seaports associated to the Ministry of Transportation have received 11 ships, including a ship which is loaded with around 52000 tons of wheat. In a statement, Ministry of Transport revealed that Um Qasr Port of southern Basra received Irish ship loaded with 52500 tons of wheat. The statement also revealed that the port also received a ship, loaded with 586 containers of Cyprus along with another ship loaded with 668 containers from Panama.
11/05/2013 |
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|  | Iraqi oil exports from nother part of the country, i.e. Kirkuk oilfield to the Mediterranean port of Ceyhan in Turkey have been on hold since late Sunday due to an "act of sabotage" against the line inside Iraq. This has been reported by a person, who is familiar with these matters and a middle-east shipping agent by profession.
11/05/2013 |
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|  | Council of ministers is currently considering a request by the Iraqi government for receiving financial guarantees from the Central Bank of Egypt, worth 1.2 billion dollars, as revealed by the Government officials. For supplying 4 million barrels of crude oil per month, this initiative has been taken into consideration.
09/05/2013 |
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Iraqi oil minister announced boosting the crude oil export of the country on the month of April, in compare to its previous month.
08/05/2013
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|  | Recently, full production has been announced by Mondi at its new industrial bags plant in Sulaimaniyah, northern Iraq. Partnered with Kaso Group, this greenfield project is anticipated to strengthen Mondi’s industrial bags business in the expanding Middle East and North Africa region (MENA). It has to be noted that this project has been marked as the first ever bag plant in Iraq which will support the cement industry of the country. Cement industry of the country is also experiencing stable leap recently.
08/05/2013 |
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Shell and Mitsubishi, two south gas companies, have announced the resume in operations in Basrah Gas Company, which will be one of the largest gas producers in the history of Iraq. This will be world’s largest flare reduction process, as reveal by global energy major Royal Dutch Shell.
08/05/2013
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|  | UAE business houses are keen to find some openings in the market of Iraq and Kurdistan to invest. In order to aid the investors of the UAE, two-day ‘TradeUAE’ event jointly hosted in Erbil recently by the UAE Ministry of Foreign Trade as well as the Department of Economic Development (DED) in Dubai, Dubai Exports and Dubai FDI, in collaboration with the Ministry of Economy and Abu Dhabi Department of Economic Development, has been arranged.
07/05/2013 |
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