Iraq to Build $250m Business Zone near Baghdad Airport

Kuwait News Agency (KUNA) reports that permission has been granted for a $250 million [300 billion Iraqi dinars] investment to build a business village near Baghdad international airport, provided that it is completed within 5 years. The agency quotes the ‘Iraqi Babylon Investment Authority’, which we believe to be the Baghdad Investment Commission. Chairman of […]

Iran/Iraq Business Prospects Conference in Tehran

Business opportunities and investment prospects in Iran and Iraq will be reviewed in a conference in Tehran on August 8. The Director of the Iranian Privatization Organization (IPO), Gholam-Reza Kord-Zanganeh, who is also secretary of the conference, said that they aim to facilitate an interaction and interchange of ideas and between the two countries’ businesses. […]

Govt Allows Private Sector to Invest in Border Services

The Iraqi government announced on Tuesday that it has decided to allow the private sector to invest in services for border crossing points, according to spokesman of the government. “The government agrees also to allocate an independent budget for crossing points within 2011 budget and to coordinate with crossing points in Kurdistan region with the […]

Reliance Industries to Start Oil Exploration in Kurdistan

Reliance Industries, owner of the world’s largest refining complex, plans to start exploration at two oil blocks in Kurdistan this year. Reliance, controlled by billionaire Mukesh Ambani, invited contractors to bid for work to begin extended well testing at its Rovi and Sarta blocks starting in the fourth quarter, a tender document shows. The studies […]

Iraq Issues Tender for 30,000 Tonnes of Rice

Iraq issued a tender on Monday to buy 30,000 tonnes of rice from all origins with a closing date of Aug. 15, an Iraqi Grain Board source said. The offer remains valid until Aug. 22, the source said, as quoted by Kippreport. Iraq, which is trying to revive its agriculture sector after years of war, […]

AECOM Awarded Five-Year, $53m USAID Contract in Iraq

AECOM Technology Corporation (NYSE: ACM), a leading provider of professional technical and management support services for government and commercial clients around the world, announced today that it was been awarded a five-year, US$53-million [63 billion Iraqi dinars] contract from the U.S. Agency for International Development (USAID) to provide economic-consulting services to Iraq through the Iraq […]

Iraq Mobile Investment Overview and Market Forecast 2010-2014

Research and Markets has announced the addition of their “Iraq Mobile Investment Overview and Market Forecast 2010-2014” report to their offering. This report provides a detailed overview of the mobile market in Iraq. It outlines the main current trends and provides five year subscriber and revenue forecasts. Excel annex Mobile handset subscribers market: subscribers, penetration, net […]

Weekly Security Update

National Overview On 2 August President Obama affirmed that the U.S. combat troops would leave Iraq at the end of the month, though he noted that a reduced U.S. presence of 50,000 troops will remain in Iraq under a less military guise.  These troops will make up a transitional force until the final U.S. withdrawal […]

Kentz and Dome in Iraq Oil Services Deal

Kentz Corporation (LSE: KENZ), the holding company of the Kentz Engineering and Construction Group, has announced an agreement with the Dome Group, a leading supplier of equipment and services to the Middle East energy sector. The framework agreement results in Kentz taking a 49 per cent interest in Dome General Contracting Company Ltd. (Iraq) for […]

Baghdad’s Mayor Courts Swedish Companies

Baghdad’s Mayor, Sabir al-Issawi, called on Swedish firms to participate in redevelopment projects in the Iraqi capital. “Al-Issawi received an official Swedish delegation in his office in Baghdad,” said a release issued by the Baghdad Mayoralty on Monday, as received by Aswat al-Iraq news agency. It explained that the two sides discussed methods to reinforce […]

Iraq to Resolve Housing Crisis

Iraqi authorities are working on plans to resolve the housing crisis in the country, despite problems hindering investments in the sector, the chairman of the National Investment Commission told AKnews on Monday. “The investment committee has worked on planning to implement important projects in the coming period to help solve the housing crisis,” said Sami […]