Tag Archives | WW

TBI partners with Indian Firm for Fintech Development

By John Lee. The state-owned Trade Bank of Iraq (TBI) has reportedly signed a Memorandum of Understanding with India-based ESDS Software Solution to develop financial technology and a cloud platform in Iraq. According to Zawya, Alpen Capital (ME) Limited acted as the sole advisor for the transaction between the two firms, which aims to “establish […]

KNM Wins Contract at Khor Al Zubair

By John Lee. FBM-KNM FZCO, an indirect wholly-owned subsidiary of Malaysia’s KNM Group, has been awarded a contract for the supply and delivery of replacement heat exchangers to the Khor Al Zubair’s gas processing plant in Basrah Province. According to a regulatory statement, the contract from Basra Gas Company (BGC) is worth USD 2.096 million […]

Kuwaiti Company granted Iraqi Telecom Licence

By John Lee. Kuwait’s Qualitynet is reported to have been granted a licence to provide internet, telecommunications and satellite services in Iraq. According to CommsMEA, the move makes it the first Kuwaiti telecommunications service provider to win a service licence in the country. Said Qualitynet CEO Mohammed Nizar Al-Nusif is quoted as saying: “Winning this […]

Another UK-based Recruiter Expands into Iraq

By John Lee. UK-based recruiter Samuel Knight International has reportedly announced plans to open a new office in Baghdad. According to Business Leader, the company focuses on the rail and energy sectors, and recently received investment from Gresham House Ventures. In recent days, another British recruitment agency, SSK Recruitment, was reported to be looking to […]

SSK Recruitment to open Office in Erbil

By John Lee. UK-based recruitment agency SSK Recruitment is reported to be looking to open an office in Erbil. Bdaily quotes Managing director Adam Smith as saying: “With all the uncertainty surrounding Brexit, we decided to focus on building relationships in the Middle East. “The margins are significantly higher in the Middle East than here […]

AnadoluJet starts Flights to Erbil

By John Lee. A Turkish airline will start new services from Diyarbakir and Gaziantep to Erbil from 21st March. AnadoluJet, a subsidiary of Turkish Airlines, plans to offer three flights per week to each location. (Source: AnadoluJet)

California Firm Awarded $17m Iraq Contract

By John Lee. AeroVironment Inc., of Simi Valley, California, has been awarded a $17,356,084 firm-fixed-price Foreign Military Sales (Iraq) contract for Puma AE II C-Code International Digital Data Link systems. One bid was solicited with one bid received. Work will be performed in Simi Valley, California, with an estimated completion date of Oct. 18, 2021. […]

S Korea wins $500m Deal for Electricity in Iraq

By John Lee. South Korea’s STX Marine Service has reportedly won a contract to restore and operate diesel-fueled electric power plants in Iraq. According to Yonhap, the company said the US$500-million deal will see it four 900-megawatt electricity generation units over five years. It calls for 100 South Korean engineers to be dispatched by STX, […]

Trade Bank in talks to Buy a Gulf Lender

By John Lee. The state-owned Trade Bank of Iraq (TBI) is reported to be in talks to buy a Gulf bank with branches in the United Arab Emirates (UAE) and Qatar. Chairman Faisal al-Haimus told Reuters that talks are underway and the purchase is expected to be completed in six to eight months. The name […]

Aggreko signs Contract with North Refineries Company

UK-based Aggreko (Middle East) and Iraq’s North Refineries Company have signed a contract for rental of temporary power generators to supply 15MW of power to Baiji Refinery as a first stage. For Aggreko, the world’s largest supplier of temporary power, which also supplies South Refineries Company with 25MW, This contract will help broaden the partnership […]

Saipem wins contract at West Qurna

By John Lee. Italy’s Saipem has been awarded a contract by ExxonMobil Iraq Limited for the DS6 project for the debottlenecking of the West Qurna field, in the south east of Iraq. Debottlenecking is a process that optimises a plant in order to increase its overall capacity. The works will have a duration of 23 […]