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FINANCIAL NEWS
Iraq pursues investments in real estate
24 May 2012
(MENAFN) Iraqi Minister of Construction and Housing Mohammad Al Daraji declared that his country is seeking investment in real estate and infrastructure projects, Gulf News reported.
Al Daraji explained Iraq requires money to build 2.5 million housing units and 7,000 kilometers of new roads by 2016 and the government has assigned USD9.8 billion for the projects.
Besides, Al Daraji announced that Iraq would produce 5 million barrels of oil by 2016 and Iraq is going to lead the rise of projects spending in the Middle East by the same year.
It’s worth mentioning that 40% of Iraqi budget goes into energy and two third of the budget goes to operational costs.
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BBK discloses its financial results for the half year ended 30th June 2025
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BBK proudly launches the third edition of “Grow” and welcomes 20 Bahraini graduates
03 Jul 2025
BBK hosts executive leadership session on digital assets in collaboration with Rain
02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
16 Jun 2025
BBK and CrediMax Offer Exclusive 20% Discount on Turkish Airlines Flights for Cardholders
25 May 2025
BBK strengthens commitment to sports development through strategic partnership with Bahrain Basketball Association
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