Monthly Archives: July 2011
Counterfeit Pharmaceuticals a Problem in Kurdistan
| July 31, 2011 | Filled under Iraq Daily News |
Doctors and supply companies have agreements at the expense of patients Dyar Hussein (not his real name), before he worked in a pharmacy, thought medicines were a good thing. He thought medicines could always help. However, after seeing so many counterfeit medicines, he is disgusted. “Now my only slogan is: Try not to take any medicine. There are so many…
US to Provide Iraq With Wiretapping System
| July 31, 2011 | Filled under Iraq Daily News |
Erbil, (AKnews) – The U.S. is to provide Iraq with wiretapping equipment to listen in to mobile phone calls and messages in a move aimed at tackling militants and criminals, the Washington Post has reported. The equipment will be similar to that used by the FBI and will be able to target up to 5000 devices. Iraq has strict…
Maliki Announces Plans to Purchase 36 F-16 Fighters From US
| July 31, 2011 | Filled under Iraq Daily News |
Erbil, (AKnews) – Prime Minister Nouri al-Maliki said that Iraq would buy 36 F-16 fighters from the US – double the number originally agreed – in order to reinforce its air defense, Reuters reports. Maliki said that an Iraqi Air Force delegation will travel to Washington to sign a contract for the fighter planes. “We have to provide Iraq…
The G-20′s Secret Debt Solution
| July 30, 2011 | Filled under Iraq Daily News |
Larry Edelson If you think this weekend’s G-20 meetings in Washington are only about designing short-term fixes to the financial system and regulatory reforms for banks, hedge funds, brokers, mortgage companies and investment banks … think again. Behind the scenes, a far more fundamental fix is being discussed — the possible revaluation of gold and the birth of an…
$50M Housing Project Underway in Mosul
| July 29, 2011 | Filled under Iraq Daily News |
Nineveh, (AKnews) – Iraqi firm al-Faw has begun the construction of a 100,000-unit housing project in central Mosul, 365 km north of Baghdad. Nineveh housing director Mazen Mohammed Rajab told AKnews that the scheme in Mosul’s al-Nour district includes three schools, a shopping complex and four health centers. The $50 million project – scheduled for completion in mid-2012 –…
Is Now a Smart Time to Invest in Iraq?
| July 29, 2011 | Filled under Featured Article |
Q: Are there ways to invest in Iraq, either directly or indirectly? A: If you’ve been having trouble sleeping, and turn on TV late at night or scour the Internet, you’re likely to bump up against pitches to investors to take a chance on Iraq. Most of these investment proposals center around investing in Iraq’s currency, the dinar. Given…
Iraq’s Car Factory Shows Road Ahead for Industry
| July 29, 2011 | Filled under Iraq Daily News |
By Reuters ISKANDARIYA, Iraq, July 28 (Reuters) – – In a country only slowly recovering from the impact of war and economic sanctions, Iraq’s state-owned car assembly plant is a hive of activity. Workers bustle around, fixing tyres and bumpers on to trucks. The sprawling plant in the town of Iskandariya, 40 km (25 miles) south of Baghdad, is filled…
Kuwait Gets $1.06 Bn in Iraqi Reparation: UN
| July 29, 2011 | Filled under Iraq Daily News |
GENEVA, The United Nations released $1.06 billion in Iraqi compensation to Kuwait on Thursday in the latest payment of a war reparation scheme that began in 1994. The payment brings the total sum of compensation paid to Kuwait to $33.3 billion. A further $19 billion is due. Most of the latest round went to state and private companies, and…
Iraq: The Crude Oil Market Is Witnessing a Remarkable Balance
| July 28, 2011 | Filled under Iraq Daily News |
Erbil, July (Rn) – The Iraqi Oil Minister expressed his belief that oil markets see a balance, denying the existence of any flaws or deficiencies in the production of crude oil. The news agency quoted (Mehr), the Iranian semi-official Iraqi Oil Minister Abdul-Karim and coffee as saying in the Gallery visit Iran on Monday that “crude oil prices at this…
China Begins Oil Production in Iraq
| July 28, 2011 | Filled under Iraq Daily News |
Amman: China National Petroleum Corp, known as CNPC, yesterday started crude oil production from the Al Ahdab oil field in central Iraq, Iraqi oil officials said. The officials said output is running at a rate of 40,000 barrels per day, and will rise to 60,000 barrels a day within the next few days. By the end of the year, the…
Iraq: First Government Brick Factory Opens
| July 28, 2011 | Filled under Iraq Daily News |
Erbil, (AKnews) – The first governmental owned brick factory in Iraq Kurdistan started operating in Erbil. The factory which can produce 8,000 cement building blocks daily was opened in a ceremony where Samir Abdullah, Minister for Municipality and Tourism said the ministry hopes to raise the daily output capacity to 20,000. Abdullah told the reporters the plant was constructed…
Foreign Investors Flock to Iraq
| July 27, 2011 | Filled under Featured Article |
Baghdad, Iraq David Rosenberg – It was just another day in Iraq on July 15. In the city of Kerbaba, two car bombs killed a total of seven people and wounded 19. An American soldier was killed in Baghdad while in another part of the capital an Iraqi policeman was injured by a sticky bomb placed under a vehicle. More…
Iraq to See Explosion in Income ~ Iraqis’ Living Standards Are Expected to More Than Double in Less Than Four Years
| July 27, 2011 | Filled under Iraq Daily News |
Iraqis’ per capita income to shoot to $9000 in 2014 Per capita income in Iraq will surge to $9000 from the current $4000 in 2014, the Central Bank says. The new per capita income forecast means that Iraqis’ living standards are expected to more than double in less than four years. The promising economic prediction for the war-torn…
Commander of the Navy: We Have Received the Oil Port of Basra, U.S. Forces Formally
| July 27, 2011 | Filled under Iraq Daily News |
Basra, U.S. forces handed over responsibility of the oil port of Basra to Iraqi forces, in preparation for a U.S. withdrawal from Iraq. The commander of Naval Forces, Major General Ali Hussein, a reporter for the Agency (news) on Tuesday: We received today the responsibility of oil port of Basra by the U.S. forces. Hussein added: that U.S. forces…
Agriculture Estimated the Cost of the Rehabilitation Sector, Cattle With 78 Billion Dinars
| July 26, 2011 | Filled under Iraq Daily News |
Baghdad, Mustafa Majeed Ministry of Agriculture announced on configured to hold the first investment conference dedicated to the agricultural sector in the country during the period few, estimated the cost of the rehabilitation sector cows in the country, including at least 78 billion dinars. The agent said the financial and administrative heart of the Ministry of Dr. Ghazi bonded in…
500 Thousand Dinar Monthly Grant for People Living With AIDS
| July 26, 2011 | Filled under Iraq Daily News |
BAGHDAD – Muhannad Abdul Wahab According to the government regardless monthly grant of 500 thousand dinars for people with immune deficiency (AIDS), under the law due to be approved by parliament soon. A source in the Committee on Health and Environment parliamentary “morning”: that “the law will include both succumbed to the disease as a result of material processed…
Najaf Project Opens 2,000 Apartments
| July 26, 2011 | Filled under Iraq Daily News |
Najaf / Future Iraqi- Systems of the International Centre for Technical Research in London opening ceremony of the complex project Zahra residential apartments in Najaf in the presence of governor of Najaf, Adnan al and provincial council chairman Sheikh usefulness Shammari and scholar Muhammad Bahr al-Ulum and Chairman of the board of investment in the province. Dr. Ahsan al-Shahristani, the…
Ahzvo Three Zeros and Stay Tuned Results
| July 26, 2011 | Filled under Featured Article |
Moving the monetary authority in Iraq, led by the Iraqi Central Bank to raise three zeroes from the national currency in circulation and the target as they say, to rein in inflation and bring down prices and the disposal of large blocks of cash. This action or this experiment passed by several states, according to economists. The mere launch…
Iraq: Flights Insufficient for Tripling of Hajj Pilgrims
| July 25, 2011 | Filled under Iraq Daily News |
Sulaimaniya, (AKnews) – While the number of pilgrims from the Iraqi Kurdistan region has tripled from the previous year, the number of flights has not risen to meet this demand, leaving many unable to make the trip. Mariwan Naqshbandi, spokesman for Kurdistan Ministry of Endowment and Religious Affairs told AKnews that last year only 13,000 people made Hajj but this…
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