Iraq, Feb. 26 -- The International Finance Corporation (IFC), a member of the World Bank Group, is investing in Aloreen Company for Investments Limited (Aloreen) to finance new port equipment and expand capacity at the port of Umm Qasr, one of Iraq's main ports and its only deep-water gateway. The project aims to address the rising demand for port services, strengthen connectivity and regional integration between Iraq and its neighboring countries, boosting trade and creating jobs.IFC's financing package will support the company to procure and finance four ship-to-shore cranes, ten rubber-tyred gantries, and increase the terminal's annual handling capacity by over 50 percent from 550,000 to 830,000 containers (measured in twenty-foot equiva...