Iraq Central Bank issues license for new Saudi-Iraqi bank
The Iraqi Central Bank has issued a license allowing Saudi and Iraqi investors to set up a new investment and development bank, an executive with one of the cofounder companies said.
Japanese Government to provide loan for Iraq bridge, road construction
Japan said it would extend low-interest loans to build bridges and roads in a region of southern Iraq from which its troops are expected to withdraw soon.
Mena region set to see $220 billon investments in oil and gas
Energy investments in the Middle East and North Africa (Mena) region are expected to total $220 billion over the next five years, with Gulf producers accounting for 62%, according to an official Arab report. Arab states are forecast to spend $80 billion between 2006 and 2010 in the oil sector – of which $36 billion will be allocated to upstream exploration and development of new capacity, as well as sustaining current output through enhanced oil recovery programs, according to the report by the Saudi-based Arab Petroleum Investment Corp (Apicorp).
USAID launches Information and Communications Technology (ICT) Alliance at “Rebuild Iraq 2006”
Amman, Jordan – According to participants, one of the most successful events of the 2006 “Rebuild Iraq” Conference and Exhibition, held from May 8-11, was USAID’s Information and Communications Technology (ICT) Alliance Conference held at the Intercontinental Hotel on May 8.
Arab states can create their own Marshall Plan for Iraq’s reconstruction
Since the invasion of Iraq, there has been some noticeable progress toward reconstruction in the war-torn country, but despite international efforts, much work remains to be done.
Iraq needs investment of $3 billion yearly to boost oil output
Iraqi Oil Minister Hussain Al Shahristani said his country needed investment of $12 billion to $20 billion to raise its oil production to six million barrels per day (bpd).
IFC trains Iraqi businesswomen to promote local entrepreneurship
The International Finance Corporation, the private sector arm of the World Bank Group, recently organized a three-day workshop for Iraqi businesswomen with the goal of strengthening local women-owned small and medium enterprises.
