Five-year Development Plan Completed

The Iraqi Ministry of Planning has finalised its development plan for the years 2010-2014, focusing on the oil and electricity sectors as a first priority, but extending as far as agricultural and rural development. The program includes more than 2,700 projects worth nearly $186bn. (Sources: Aswat Al Iraq, Iraq Directory)

Kurdistan to Resume Oil Exports

Iraq’s oil minister, Hussain al-Shahristani, said he expected exports from Kurdistan to resume in the near future, but the status of disputed oil deals with foreign companies (including Norway’s DNO) remain unclear. This follows resolution of a disagreement between the semi-autonomous region and central government regarding payment mechanisms. Shares in Gulf Keystone Petroleum and DNO […]

Strengthen Commercial Ties with India

(Sources: Reuters, Hindustan Times) Iraq’s Minister for Industry and Minerals announced the intention to strengthen commercial ties with India, following a visit to New Delhi. The state-run Indian Oil Corp (IOC) plans to import 220,000 bpd of Iraqi oil, and joint ventures worth $2bn are being investigated.

Swiss Firm Wins Housing Contract

(Source: Aswat Al Iraq) Aswat Al Iraq reports the signing of an agreement on Tuesday between al-Muthanna provincial authority and a Swiss firm to build 3,000 furnished residential units for poor families in the province. Each unit will be sold for approximately $5,000.

Iraqi Fleet on 1st Journey in 10 Years

The Iraqi fleet has launched its first journey around the world in 10 years with the departure of one of its ships from an Egyptian port. “The Iraqi al-Nasser, carrying 16,250 tons, has set off from the Egyptian port of al-Quseer heading to Malaysian ports,” the Iraqi Ministry of Transportation said in a statement received […]

Iraq Minister of Communication to Issue License for a New Mobile Phone Company

Iraqi Minister of Communications Farouk Abdul Kader told Alsumaria TV in an interview that Iraq is about to issue a fourth license for the supply of mobile phones by means of a public/private partnership.  This national bid aims at providing a high quality communication service, something  which existing commercial mobile phone companies have failed to […]

Reliable Executive Travel into Iraq

Royal Jet – the international luxury executive flight services company based in Abu Dhabi and chaired by His Excellency Sheikh Hamdan Bin Mubarak Al Nahyan – is proving to be the carrier of choice for businesses seeking safe and secure air transport to Iraq, according to the company. Royal Jet has completed over 100 successful […]

Iraq Allows the Purchase of Sugar Without Tenders

Iraqi Council of Ministers authorized the Minister of Commerce to buy sugar directly from suppliers without the need for competitive bidding. The Council did not give the reason behind this decision in the statement issued. It said that the conditional mandate is not to increase the price paid for the world market prices. Iraq consumes […]

Iraq Buys 700,000 Tons of Wheat in Tender-trade

Iraq has finalized deals to buy at least 700,000 tons of Canadian, U.S, German, Russian, and Australian wheat from major suppliers in one of the bigger purchases in recent years, trade sources said on Wednesday. The purchase, which still requires the cabinet’s approval, involved at least 300,000 tons of Canadian wheat from two suppliers, one […]

G4S wins contract to secure Baghdad International Airport

G4S Secure Solutions (Iraq), a leading provider of risk mitigation and secure support services, has been awarded the contract to provide aviation security at Baghdad International Airport (BIAP) by the Iraq Ministry of Transport (MoI).  The contract, which is initially for two years, mobilised successfully on 2 January 2010. G4S, which is the world’s leading […]

Opening an Airline between Germany and Iraq

“Air Berlin” the second-largest airline, in Germany, , announced on Thursday the opening of direct flights from Munich to Iraq this week, intended to rival Lufthansa’s direct route to Iraq next summer. According to a statement issued by the company, flights will run every two weeks to Erbil and Sulaymaniyah in the north of the […]

New Air Routes between Iraq and Germany

Air Berlin, Germany’s second-largest airline, has announced the start of direct flights from Munich, while  rival Lufthansa will operate a direct route to Iraq from next summer. According to a statement issued by Air Berlin on Saturday, flights will run every two weeks to Erbil and Sulaymaniyah in north of the country. Meanwhile, Lufthansa announced […]