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TSMC’s H1 revenue up 40 percent

Robust demand for AI technology behind the surge.

‘Wadeem’ sold out for $1.49bn

This is the highest Abu Dhabi real-estate release to date.

Tesla Q2 sales down 13.5%

Shares rally after the disclosure, better than some forecasts.

TomTom cuts 300 jobs

The firm said it was realigning its organization as it embraces AI.

Aldar nets $953m in sales at Fahid

Aldar said 42 percent of the buyers are under the age of 45.

Baghdad Metro project to be included in Iraqi budget

Scene of traffic in Baghdad. (AFP)
By TRENDS Desk
June 8, 2022 11:00 am
  • 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.

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