INSEAD Day 4 - 728x90

Borouge okays $656m dividend

The company said dividend reflects its resilience

DEWA posts record H1 profit

Revenue reaches record $4.04 billion.

Tabreed H1 revenue $308m

Blurb: Profit reaches $52 million in H1

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

Empower profit climbs 16%

Dubai district cooling demand lifts earnings

Baghdad Metro project to be included in Iraqi budget

Scene of traffic in Baghdad. (AFP)
  • The 96-kilometers-long ring road project which is currently in the design phase will be completed in four phases
  • There are several projects to relieve the traffic bottlenecks, including the five entrances to the capital project, a government spokesman said

The General Secretariat of the Council of Ministers in Iraq has announced three projects that will ease Baghdad’s traffic jams.

During a press conference, spokesman of the cabinet secretariat Haider Majid told reporters that “there are several projects to relieve the traffic bottlenecks, including the five entrances to the capital project.”

According to his statement, some of those projects were jointly implemented.

The spokesman has assured that the Metro project of Baghdad will be soon included in the budget.

He stressed that “there is a coordination between the Ministry of Transport General Directorate of Traffic and the relevant authorities for the train road and designs.”

The 96-kilometers-long ring road project which is currently in the design phase will be completed in four phases, Haider Majid has confirmed in the statement given at the conference.