JICA to Support Iraq’s Reconstruction and Revitalization through Upgrade of Basrah Refinery. Signing of Japanese ODA Loan Agreement for Iraq On 16 June, 2019, the Japan International Cooperation Agency (JICA) and the Iraqi Government signed a loan agreement at Ministry of Finance in Baghdad. The ODA (Official Development Assistance) loan amounting to JPY 110,000 million
Zain Iraq has posted a growth in net income of 77 percent. In its results statement for Q1 2019, the company said: “Zain Iraq performed exceptionally well in Q1 2019 when compared to the corresponding three-month period in 2018, with revenue reaching USD 262 million, and EBITDA having reached USD 109 million, up 13% Y-o-Y
Iraq’s foreign reserves have stood at USD55.7 billion, an official source at the Iraqi central bank was quoted saying on Jul 12, 2018. Alsumaria News quoted the source saying that this is the amount recorded until the end of last June, noting that while the net amount of foreign currency stands at USD48.3 billion, the
Baghdad (IraqiNews.com) Iraq and Russia signed on Thursday a series of agreements in 16 different fields including trade, and agreed to facilitate investment and trade cooperation. A statement by the office of Iraqi foreign minister Mohamed Ali al-Hakim, quoted by SNG website, said Hakim, along with Russian deputy foreign minister Yuri Borisov, singed in Baghdad
President Barham Salih said on Wednesday said that the relations between Iraq and Kuwait have made great strides forward, thanks to the wisdom and desire of the leaderships of the two countries to overcome the remnants of the past. Salih welcomed Sheikh Sabah al-Ahmad and his accompanying delegation, hoping that this visit will be a
Minister of Transportation of Iraq Abdul Allah al-Leibi and the Chinese Ambassador to Baghdad Zhang Tao discussed Iraq’s will to join Belt and Road Initiative. “Iraq strongly seeks to join Belt and Road Initiative for it is highly important economic and trade wise and it aims at approaching the visions of the participated countries together.
Indian-based Asian Oilfield Services Limited has announced that it has won orders totalling $37 million in Iraq. The orders relate to seismic acquisition at Block 12, with $12 million for a 2D survey and $25 million for a 3D survey. Block 12, located in the Najaf and Muthanna provinces, is being developed by Russia’s Rosneft,
General Electric (GE) is reportedly expected to win a large share of the multibillion-dollar contracts to rebuild Iraq’s electricity system. According to a report from Reuters, “under U.S. prodding, Iraq is asking both Siemens and GE to bid on contracts and expects to make awards to each of the companies“. Following a hotly-contested competition last