Posts Tagged ‘Suez Canal’

Office of International Trade renews his call for establishing a free zone for international trade exchanges on the Iraqi border

Posted: December 19, 2011 in Iraqi Dinar/Politics
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Date: Monday, 12/19/2011 14:33

Basra (news) .. Asked the Office of International Trade in Basra, the Council of Ministers approved the establishment of a free zone for the exchanges of commerce and industry on the Iraqi border for the purpose of advancement of the Iraqi economy.

The adviser said the Office of International Trade Tawfiq inhibitor in a statement to the Agency (news) on Monday: we call the Cabinet approval to establish a free zone international exchanges, commercial and industrial land of Iraq and be the focus of a focal production companies in the world to shop their goods out of Iraq because of a major economic turnaround of the country and will be an alternative to oil revenues yearly.

He pointed out: it will cut the prices of goods up (45% to 55%) being the shortened distance and time of arrival of goods to the importing countries. (more…)

Communications Minister announces Basra closely linking Iraq to the world through the cables freely

Posted: December 10, 2011 in Iraqi Dinar/Politics
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The Ministry of Telecommunications, Friday, closely linking Iraq to the world Bkablwat freedom of communication extends under the waters of Persian Gulf, stressing that Iraq could be by virtue of its geographical location as a corridor of an international link of the Middle West Bkablwat freely, as he emphasized the governor of Basra that the local government did not notice until now an evolution in the telecommunications industry.

Said Communications Minister Mohammed Tawfiq Allawi at a press conference at the airport in Basra, that the “project implemented by the company GBI country to tie Iraq to the Gulf States and the world by Kablo sea will be completed later this month,” noting that “another project similar in progress will hopefully be completed during the first half of next year. ” (more…)

Office of International Trade calls for establishment of a zone free international trade and industry on the Iraqi border

Posted: November 19, 2011 in Iraqi Dinar/Politics
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On: Sat 19/11/2011 11:55

Basra (news) .. Student adviser to the Office of International Trade in Basra Tawfiq inhibitor to establish a free zone for the exchanges of commerce and industry on the Iraqi border, is certain: it will give a motive large for the Iraqi economy.

Al-Mani said in a statement to the Agency (news) on Saturday: “We demand the establishment of a zone free international exchange of business and industrial lands of Iraq and be the focus of a focal production companies in the world to shop their goods out of Iraq because of a major economic turnaround of the country and will be an alternative to oil revenues, annual. (more…)

Oil rises above $101 on Egypt unrest

Posted: February 11, 2011 in Iraqi Dinar/Politics
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11/02/2011
LONDON, (Reuters) – Brent oil prices rose above $101 a barrel on Friday after Egypt’s President Hosni Mubarak refused to step down, stoking fears that the rising tensions could disrupt oil flows or spread to major producers in the region.

Brent futures jumped by more than $1 on Friday on rising tensions but later pared gains as Egypt’s powerful army moved to defuse tensions by lifting 30-year-old emergency laws.

ICE Brent crude futures were up by 62 cents at $101.49 a barrel and U.S. crude futures were up 11 cents at $86.84 a barrel.

(more…)