Iraq’s government has ordered 500 Scania trucks, which are being assembled locally by the Iraqi state automotive company. Scania has also delivered about 30 trucks to private buyers since reentering the country at the end of last year.
HSBC has said that it is “remarkably bullish on Iraq” and expects bank profitability in the country to increase by 100 times within 10 to 20 years, Bloomberg has reported. “There is more lending activity as the economy gets stronger,” James Hogan, country manager of HSBC Holdings said. HSBC entered the Iraq’s post-war banking sector […]
Atheel Al-Nejaifi, legal eng., Nineveh governor has met German company representatives from “Power”, which is under contract to repair the Mosul dam. The company will construct a concrete core in the dam deep beneath the dam’s foundations. Work will start soon once discussions with the water resources ministry are completed. ( Eye media company )
Sterling, the AIM listed independent oil & gas exploration and production company with interests in Africa and the Middle East has provided the following update on its activities: The Sangaw North #1 exploration well is currently drilling ahead at 1,505 metres. Since the last update on 7 May 2010 two intermediate casing strings have been […]
Welcome to this latest initiative from Iraq Business News. The ‘Your Country’ pages carry useful information specific to businesses from participating countries. The first to be launched is the United Kingdom, and we plan to add other countries over the coming weeks and months. If you would like to see your country represented please contact […]
Iraq, the only OPEC member not subject to quotas, experienced the largest rise in the month, with 121,300 barrels a day.
The pumping of Iraq’s Kirkuk crude through Turkey to the Mediterranean terminal of Ceyhan is expected to resume Thursday
It says any improvements seen so far in world oil demand have been “overwhelmed” by increased supply and persistent worries about the stability of the world’s economic recovery.
“Although security situation in Iraq is stable, the image associated with the country in German investors’ minds is about bombings and security violations,” the consular told Aswat al-Iraq news agency.
Private Turkish banks are interested in setting up joint ventures with private Iraqi banks, Iraq’s finance minister said on Wednesday.
Iran must find ways to create lasting economic ties with Iraq amid fierce competition from other countries also seeking investment and trade opportunities there, Iran’s ambassador-designate to Baghdad said.
Minister of Industry and Minerals Franso Fawzi al-Hariri met yesterday the Ambassador of the Republic of South Korea in the ministry’s headquarters in Baghdad.