February 10, 2016

Business

Business
Iraq business, the latest Iraqi business news

New committee to discuss petrochemical & fertilizers investment opportunities

(IraqiNews.com) Baghdad – The ministerial energy committee held a meeting with the chairmanship of Prime Minister Haider al-Abadi on Monday to discuss investment opportunities, while...

Anbar loses 300 bln dinars annually due to closure of border ports

(IraqiNews.com) Anbar - Anbar Provincial Council announced on Wednesday, that Anbar loses 300 billion dinars annually as a result of closing the border ports due...

Oil falls near $33 per barrel amid fading hopes of reducing production

(IraqiNews.com) On Tuesday, oil prices fell nearly three percent amid worries about the demand as well as the increase in supply of crude oil at...

Iraq exports more than 100 million oil barrels in January

(IraqiNews.com) Baghdad - The Iraqi Ministry of Oil announced on Monday, that Iraq exported more than 100 million barrels of oil in January 2016, with...

Oil jumps above $35 due to intention of Russia and Saudi Arabia to reduce production

(IraqiNews.com) Baghdad – On Thursday, Russia revealed its intention to coordinate with Saudi Arabia and the rest of the Organization of Oil Producing Countries (OPEC)...

GE signs $328 mln maintenance agreement with Iraq

(IraqiNews.com) Baghdad – On Tuesday, Iraqi Ministry of Electricity announced, that General Electric (GE) has agreed on a $328.8 million deal with Iraq in order...

Iraqi exports nearly 100 million oil barrels in December

(IraqiNews.com) Baghdad – On Monday, Iraqi Ministry of Oil announced, that the Iraq State Oil Marketing Organization (SOMO) has exported 99 million and 700 thousand...

Iraqi Kurdistan announces formation of special council to check oil resources

(IraqiNews.com) Erbil – On Saturday, Advisor to the Council of Ministers in Kurdistan region Dilshad Shehab announced the formation of a special council to check...

Oil declined below $28 after lifting sanctions on Iran

(IraqiNews.com) Baghdad – On Monday, economic analysts announced, that the world oil prices declined to less than $28 a barrel to record the lowest level...

Iraqi economy’s growth rate to hit 3.1% in 2016, says World Bank

(IraqiNews.com) Baghdad – On Monday, World Bank expected, that the growth rate of the Iraqi economy to hit 3.1% in 2016 compared with 0.5% last...

Transportation Ministry to establish airport in Anbar

(IraqiNews.com) al-Anbar – On Sunday, Minister of Transportation Baqir al-Zubeidi discussed with al-Anbar Governor Sohaib al-Rawi the establishment of an airport in the province, while...

Iraq ranked 37th among 100 countries in gold reserves

(IraqiNews.com) Baghdad - World Gold Council revealed on Saturday, that Iraq's reserves of gold amounted to 89.8 tons, emphasizing that it represents 4.6 percent of Iraq’s reserves of...