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Dollar rises on strong US core PCE data

LONDON (AFX) – The dollar was higher after data this afternoon showed the core PCE deflator — the Federal Reserve’s preferred measure of inflation — rose at its fastest rate in over ten years in June.

12 kidnapped from Iraq-US Chamber of Commerce and Industry

Khaleej Times, Auguest 1 – Armed men in Iraqi national police uniforms kidnapped 12 workers on Monday at the headquarters of the Iraqi-American Chamber of Commerce and Industry, interior and defence ministry officials said.

Increasing teaching staff allowances

Al-Sabah, July 31 – Iraq State council has finished reviewing new university service law concerning Ministry of higher education and scientific research’s members.

US to hand over 12 stolen paintings to Iraq

Al-Sabah, July 31 – US customhouse said that its administration has resent 12 Iraq artificial paintings that were stolen from Iraq to Iraqi Embassy in the Jordanian capital Amman.

Iraq calls for foreign investment in Oil sector

Middle East Times reported on July 31 that Iraq’s oil minister Hussein Al Shahristani said Wednesday that boosting foreign investment is vital to increasing the country’s oil output as he met in Washington with executives from major energy groups.

oil firms interested to invest in Iraq

Khaleej Times reported on July 31 that International oil companies have shown “serious willingness” to help develop Iraq’s oil industry, the country’s oil minister said on Sunday after a trip to the United States.

Arab Mobile phone subscriptions up 70% in Middle East

The number of mobile phone subscriptions in the Arab world has grown by a whopping 70 percent in 2005, underlining a strong consumer demand coupled by increased liberalization and competition in Arab telecom markets, according to a recently published report by Madar Research study.

Iran will not allow imports of French Car Renault

Iran, July 30 – Iran won’t allow Renault to import cars which were to supplement the French car maker’s local production, The Peninsula reported.

American engineers clean roads, provide security and garnish Baghdad

Imnsr, July 29 – Al-Rustumiyah camp-Iraq : The American soldiers of 67 armored regiment working with the team 101 in east Baghdad to provide a clean and safe routes to Iraqis.

Public Peace Initiatives Acheives Citizens Support

Al-Sabah, July 29 – Citizens have welcomed peace initiatives which have been adopted by defense and interior ministries in some of Baghdad neighborhoods to stop violence and conflicts in the city.