A new survey of senior businesspeople by the Economist Intelligence Unit finds that investor perceptions of Iraq are slowly improving, despite the country’s many problems. Preliminary results from our survey of 300 executives – all of whom have direct input into their company’s decisions on doing business in the Middle East – show that the […]
The regional government of Iraq's Kurdistan has approved the construction of the $500m Avro City in Dahuk province as security in the area improves, Meed has reported. The project will include 120 low-rise buildings, 3,396 apartment units, 56 single-family villas, 40,000 sq m of education facilities, a five-star hotel, sports stadium, commercial district, healthcare facilities, […]
AK News reports that the Erbil Stock Exchange has opened for business. "The Kurdistan regional government (KRG) has continually strived to create an environment for the local businessmen and traders to have shares in the local companies of Kurdistan," the secretary of the high economic council of KRG, Izzat Mullah said. Erbil stock market is […]
The Iraqi Navy is on track to assume full command of protecting Iraq's vital offshore platforms within the next two years, outgoing US Navy 5th Fleet commander, Vice Admiral Bill Gortney said Monday. 'We are working very closely with the Iraqi Navy and within two years we will be ready to turn over the entire […]
Further to our report yesterday on the attack on the Kirkuk-Ceyhan Pipeline, Israel National News reports that oil started to flow again on Monday. A bomb, reportedly planted by Kurdish resistance fighters, had temporarily halted pumping on the Kirkuk to Ceyhan pipeline at the weekend. The bombing by the Kurdistan Workers’ Party (PKK) added a […]
There are obstacles that curb the execution of the Karbala-Anbar railroad, a member of the Karbala Provincial Council said on Monday. “The railroad passes through an archeological site between the two provinces,” Hussein Shadahan told Aswat al-Iraq news agency. He added that the Iraqi Transportation Ministry originally approved the project around four months ago. (Source: […]
A consortium of Turkish firms is negotiating with the authorities in the southern Iraqi Province of Missan for the construction of a 500-megawatt power plant, according to a report from Azzaman News Agency. Governor Mohammed al-Sudani said the talks were in an advanced stage and that representatives from the Turkish consortium were currently discussing the […]
The Acarsan Group, based in Gaziantep, Turkey, is set to complete the construction of five new hospitals in Iraq and hand them over to the Iraqi Health Ministry by the beginning of 2012, according to a report in Today's Zaman. In partnership with the Universal Hospitals Group network of Turkey, Acarsan won a recent tender […]
The Iraqi paper Addustour (Constitution) has reported that recent attacks on financial institutions have led some savers to withdraw cash from their bank deposits and keep it hidden at home. At first glance, it might seem that such a trend could potentially lead to runs on the banks or even a breakdown in the payments […]
China's Xinhua News Agency is so far the only source to report on Iraq's new five-year National Development Plan (NDP), announced on Sunday. The plan targets annual economic growth of 9.4 percent and attempts to cut unemployment. The country's 2010-2014 NDP was announced in a televised event in Baghdad attended by top Iraqi officials, including […]
Turkish security sources said the flow of oil on Iraq's pipeline to the Turkish port of Ceyhan was still halted on Sunday night after a bomb blast blamed on suspected Kurdish separatist rebels the previous evening, according to a report from Reuters. AFP reports that a blast late Saturday ripped through a section of the […]
The Chief of Erbil Trade & Industrial Chamber has announced today that his Chamber has taken into consideration the strategic trade and economic relations, rather than the temporary relations, with a visiting Turkish trade delegation in Erbil. "We have demanded the latest Turkish trade delegation to take into consideration the joint long term trade relations, […]
