Australia grants 1,200 scholarships to Iraqi students

By Zeena Sami Azzaman, June 10, 2012 Australia has granted 1,200 scholarships to Iraqi students willing to specialize in agricultural sciences, an Iraqi legislator said. Homam Hamoudi, who heads the foreign relations committee in the Iraqi parliament, said the students will study at Australian universities “to transfer Australian agricultural expertise and techniques” to Iraq. Hamoudi [...]

Impoverished Iraqi province basks in petrodollar scheme as oil output surges

By Basem al-Rikabi Azzaman, June 8, 2012 The impoverished Province of Dhiqar is getting a boon from Iraq’s petrodollar scheme as oil output from the province’s oil fields is estimated to reach 300,000 a day in this year’s fourth quarter. Dhiqar shares some of its most prolific oil fields with the southern Province of Missan [...]

31 development projects up for grabs as Iraq woos Chinese firms

By Zeena Sami Azzaman, June 7, 2012 Iraq has used a trade exhibition held by Chinese firms to announce that it is offering 31 contracts for new projects which it wants foreign firms to execute. The offer was made by Reconstruction and Housing Minister Mohammed al-Daraji as major Chinese firms were holding a conference on [...]

Iraq’s imports of Iranian petroleum products to hit $2 billion

By Razaq Nameq Iran is turning as much of its petroleum as possible into byproducts and selling it mainly to neighboring states, including the oil-rich Iraq. Iraqi exports of Iranian oil byproducts have skyrocketed to $1.8 billion and are soon to surge to $2 billion. The countries have signed a new agreement under which Iran [...]

Iraqi dinar firms as banks start selling dollars at official rate

By Khayoun Saleh Azzaman, June 4, 2012 The Central Bank, its coffers awash with hard cash, has persuaded seven private banks to sell the greenback at the official rate of 1,179 dinars for each dollar, Central Bank Governor Mudher Saleh said. Saleh said the crisis that hit the Iraqi dinar a few months ago, causing [...]

Iraq’s once restive province earns $144 million from border customs

Azzaman, May 3, 2011 The once restive province of Anbar has earned $144 million from taxes imposed on the traffic of goods passing through border points within its administrative frontiers with neighboring Jordan and Syria. The province, which saw some of the worst violence in the aftermath of the 2003-U.S. invasion, is desperately in need [...]

Iraq imposes 50% tax on imports

By Ali Shattab Azzaman, June 2, 2012 The government has slapped a 50% tax on all goods entering Iraq. The rule is to come into force by the beginning of July this year. The decision has raised fears of a substantial hike in all foreign goods entering the country. With the Iraqi industry still in [...]

Gigantic housing project inaugurated in Baghdad

By Ali Shattab Azzaman, May 31, 2012 Prime Minister Nouri al-Malaki has laid down the foundation stone for a gigantic housing project that will provide decent homes for nearly one million people in Baghdad. The new project is a new city by itself as its first stage includes the construction of 100,000 housing units. The [...]

New measures to integrate returning Iraqi refugees

By Zeena Shamel Azzaman, May 30, 2011 Iraq is swamped with refugees coming home following years of internal or external exile. Government and U.N. reports estimated that up to 4 million Iraqis have been on the move since the 2003-U.S. invasion. Two million of them opted to flee the upsurge in violence that following the [...]

Power shortages spark political row in Iraq

By Basem Hussein Azzaman, May 29, 2012 As Iraq’s scorching summer months approach, worries about power shortages have come to the fore with the Electricity Ministry officials warning of protracted daily outages. In the meantime, pledges by the ministry that conditions will improve dramatically once major power stations currently under construction come on stream are [...]