Iraq plans to raise cash for Faw port project through share sale

TIN news: Iraq plans to help raise funds to build the Faw container port terminal on the Gulf by selling shares in the company behind the project, as low oil prices squeeze the govement’s finances, officials said on Saturday. The terminal has been plaed for several years and suffered numerous delays, but it has taken on increased urgency in the past 18 months as the rise of Islamic State – which controls large swathes of Iraq and Syria – has made it more difficult to move supplies by land to and ...