Aseel's Feed
Jun 8, 2011

Iraq govt struggles to cool anger over daily woes

BAGHDAD, June 8 (Reuters) – Iraq’s prime minister publicly
bickered with ministers in a televised meeting about the
country’s poor public services that have sparked street protests
and increased pressure on his shaky coalition government.

State-run television showed footage on Tuesday and Wednesday
of Prime Minister Nuri al-Maliki discussing the country’s
chronic power shortages and other problems with ministers in an
apparent bid to show the government was tackling the issues.

Jun 5, 2011

Iraq seeks bank head’s arrest, denies witchhunt

BAGHDAD, June 5 (Reuters) – Iraqi authorities have issued an
arrest warrant for the head of one of the nation’s biggest
banks, which is under investigation for alleged irregularities,
a government source and the bank’s lawyer said on Sunday.

An Iraqi government source said Hussein al-Uzri, president
and chairman of the state-owned Trade Bank of Iraq (TBI), had
fled to Lebanon. He did not answer calls to his mobile phone.

Jun 5, 2011

Iraq seeks bank head’s arrest, denies witchhunt

BAGHDAD, June 5 (Reuters) – Iraqi authorities have issued an
arrest warrant for the head of one of the nation’s biggest
banks, which is under investigation for alleged irregularities,
a government source and the bank’s lawyer said on Sunday.

An Iraqi government source said Hussein al-Uzri, president
and chairman of the state-owned Trade Bank of Iraq (TBI), had
fled to Lebanon. He did not answer calls to his mobile phone.

Jun 5, 2011

Iraq seeks arrest of bank chief who has fled country

BAGHDAD (Reuters) – Iraqi authorities have issued an arrest warrant for the head of one of the nation’s biggest banks, which is under investigation for alleged irregularities, a government source and the bank’s lawyer said on Sunday.

An Iraqi government source said Hussein al-Uzri, president and chairman of the state-owned Trade Bank of Iraq (TBI), had fled to Lebanon. He did not answer calls to his mobile phone.

Jun 2, 2011

Iraqi PM orders probe into state-run Trade Bank of Iraq

BAGHDAD, June 2 (Reuters) – Iraq’s prime minister on
Thursday ordered a judicial investigation into one of the
country’s biggest banks, the Trade Bank of Iraq, saying it was
suspected of committing “violations”.

The bank’s president and chairman, Hussein Al-Uzri, could
not be reached for comment.

May 26, 2011

Iraq’s proposed 2012 budget based on $85 oil price

BAGHDAD, May 26 (Reuters) – Iraq government spending will
rise by around a quarter in 2012 to 115 trillion dinars ($98.45
billion), and higher oil prices will allow it to balance state
finances this year, its finance minister said on Thursday.

Rafie al-Esawi said he saw current oil prices as “good” and
that higher-than-expected prices over the past weeks would help
to cover Iraq’s budget deficit in 2011.

May 22, 2011

Iraq awards 2 power projects, seeks bids on third

QAYARA, Iraq, May 22 (Reuters) – Iraq has awarded two power
plant projects to Indian developer Lanco and to a local company,
and is seeking bids to expand a third as the government acts to
tackle electricity shortages, an official said on Sunday.

Lanco will build an $81 million power project in Anbar
province for twin gas turbines each generating 125 megawatts,
Sabeeh Qadu, the ministry of electricity’s head of gas projects
told Reuters.

May 18, 2011

Analysis: Power supply protests threaten Iraq government

BAGHDAD (Reuters) – Iraq’s punishing summer heat will fuel angry street protests over the nation’s feeble power supply but the rallies are unlikely to topple the government, even if some ministers are sacked as scapegoats.

The electricity grid, hobbled by years of war and under-investment, will probably supply less than half of Iraq’s 15,000-megawatt peak demand this summer as temperatures head to 50 degrees Celsius plus.

May 18, 2011

Analysis – Power protests threaten Iraq government

BAGHDAD (Reuters) – Iraq’s punishing summer heat will fuel angry street protests over the nation’s feeble power supply but the rallies are unlikely to topple the government, even if some ministers are sacked as scapegoats.

The electricity grid, hobbled by years of war and under-investment, will probably supply less than half of Iraq’s 15,000-megawatt peak demand this summer as temperatures head to 50 degrees Celsius plus.

May 8, 2011

Iraq, Turkey’s Calik start work on 1,250 MW plant

KHAIRAT Iraq, May 8 (Reuters) – Iraqi energy officials on
Sunday marked the start of work on a 1,250 megawatt power plant
with Turkey’s Calik Enerji as the power-starved country seeks to
boost its electricity output.

The Turkish company, which won the $445.5 million contract
in October, is expected to finish the project in April 2013,
Sabeeh Qadu, general manager for gas projects in Iraq’s
Electricity Ministry told Reuters.

    • About Aseel

      "I started working as reporter with Reuters in 2005. I am covering the fields of social services and the Iraqi society in general, recovering from six years of warfare since the U.S.-led invasion of Iraq. In January 2008, I signed a contract with Reuters and gain the title of a correspondent. Starting from 2010 i started to cover the financial and economic story."
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