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Month: June 2019

More than 80 Greek Companies are Preparing to Invest in Iraq

More than 80 Greek Companies are Preparing to Invest in Iraq

An important meeting held between the head of the Baghdad Chamber of Commerce Jafar al-Hamdani and the Greed ambassador to Iraq. The Greek ambassador announced that 80 Greek companies are preparing to visit Baghdad in October. Their main objective is to participate in the Iraqi development sector and invest in Iraqi markets. Al-Hamdani welcomed the ambassador and expressed his thanks and gratitude for the visit. He also stressed the depth of the Iraqi-Greek economic relations during the meeting. Al-Hamdani said,…

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Decline in Gold prices due to slow demand following decisions of Federal Reserve

Decline in Gold prices due to slow demand following decisions of Federal Reserve

On Wednesday, gold price fell in the European market with a continuous 3rd loss in the last 4 days. The investment demand showed a significant amount of decrease for gold. The recent move was following the decisions of Federal Reserve at the end of its monitory policy meeting. The agency is expected to include clear evidence of U.S interest rate cuts during current year. It is noteworthy that gold prices declined by 0.3% to trade at $1,342.45/ ounce from the…

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An increase in the number of beneficiaries announced by the Central Bank of Iraq

An increase in the number of beneficiaries announced by the Central Bank of Iraq

The Iraqi Central Bank issued a statement and announced a considerable amount of increase in the number of beneficiaries of initiative 1 trillion Iraqi dinars assigned to support medium and small enterprises. The CBI has shown its keenness to participate and support the Iraqi economy. The bank is continuously monitoring the results of its launched initiatives. It is noteworthy that the Central Bank of Iraq launched and financed initiative of 1 trillion Iraqi dinars at the end of 2015. The…

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The approval of 113 Billion Iraqi Dinars for Service Projects in Nineveh

The approval of 113 Billion Iraqi Dinars for Service Projects in Nineveh

On Wednesday, the Iraqi Ministry of Planning has announced the approval and release of at least 113 billion Iraqi dinars for the implementation of service projects and the resumption of suspended projects in Nineveh. The ministry issued a statement that Iraqi minister of planning Nuri al-Dulaimi has approved the release of more than 113 billion Iraqi dinars for the implementation of service projects and the resumption of suspended projects in Nineveh. It is considered a part of the efforts of…

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New Investment Projects announced by NIC and Ministry of Construction

New Investment Projects announced by NIC and Ministry of Construction

The NIC (National Investment Commission of Iraq), the Ministry of Construction, Municipalities and Public Works / Roads and Bridges Department have announced an investment opportunity to design, rehabilitation, operation and management of the road connecting entrance No. 5 of Basmaya residential City with Mohammed Al Qasim Highway. Iraqi, Arab, and foreign companies with experience and specialization are invited in investment to participate and submit their offers for this project in accordance with the Investment Law. Interested companies in the project…

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