Violence, corruption and the lack of infrastructure are seen top three risks to the businesses in Iraq, according to the findings of a survey made public on Sunday. The Economist Intelligence Unit (EIU) in its survey revealed that the top three risks to business were judged to be violence (67 percent), corruption (44 percent), and […]
The Iraqi Industry Ministry has finalized the project to rehabilitate the al-Fatiha Bridge in Baiji (Bayji), north of Tikrit city. “This bridge is considered one of the biggest, most important bridges in Iraq, because it links the two provinces of Salah al-Din and Kirkuk,” the ministry said in a statement on Sunday, received by Aswat […]
More than 120 companies and almost 100 Iraqi business and government representatives participated in a catalogue show in Baghdad on Sunday the 20th June. The event was managed and organised by Upper Quartile and co-sponsored by the U.S. Embassy Baghdad, Baghdad Provincial Reconstruction Team, and G4S. It was another first for Upper Quartile, a follow on […]
At the Turkey- Kurdistan Regional Economic Forum held this week in Erbil, Kurdish and Turkish entrepreneurs and businessmen met to discuss possible future joint investment projects in Kurdistan Region. During the meeting, Turkey's Foreign Trade Minister, Zafar Çaglayan, also declared that his country seeks to increase investment by Turkish companies in the region to US$20 […]
The Egyptian firm, Orascom, is ready to invest in the housing sector in Karbala, the company’s representative said on Wednesday. “Our company can construct more than 10 housing units in Karbala,” the representative told Aswat al-Iraq news agency. He noted that a similar project was finalized in Egypt in eighteen months. (Source: Aswat al-Iraq)
Following the opening of a representative office in Baghdad, with branches in Zakho and Basrah, SDV has become the first European logistics group to be based in Iraq. This confirms SDV’s continuous commitment to this market for over 12 years. The reconstruction of infrastructures (oil & gas, water supply, sanitation,…), which cater for the country’s […]
Flydubai, Dubai's first low cost airline, has announced flights to destination number 22, Erbil in Iraq. Flights to Iraq's third largest city and capital of the Kurdish region of Northern Iraq, will start on Friday, July 16. Flydubai's CEO, Ghaith Al Ghaith, said, "Erbil is reinventing itself and undergoing an economic boom with new hotels, […]
Further to the gas deal signed with Shell and Mitsubishi (see our report here), BusinessWeek reports an Iraqi government spokesman as saying that gas output will probably exceed the nation’s domestic demand for power generation by 2015 or 2016, allowing the country to export gas in liquid form. Natural gas is produced as a by-product […]
Within five years, Iraq will turn from an importer of petroleum products into the world’s largest exporter, according to the Oil Ministry’s new investment map, unveiled in Nassiriyah this week. To achieve this, Iraq has opened the door wide for international companies to build four new refineries and refurbish existing ones in order to boost […]
The grain production in Iraq this season is exceptional, as a total of 1.6 million tons have been marketed, according to the general director of the state-owned seed company. “The company continues to receive wheat and barley crops throughout the provinces, which reached 350,000 tons,” the trade ministry said in a statement received by Aswat […]
An Integrity Commission member from Diyala's Province Council has accused the Integrity Commission Chief of corruption, because he enlisted some people to participate in foreign training courses who were not Commission members. "The Integrity Commission Chief, Amer Karkhi, has been charged with corruption. The Provincial Council has formed a committee to investigate the situation," Zyad […]
An advisor to the governor of Diyala revealed on Thursday that the sum of $300 million was “squandered” in payments to Iran for the supply of electricity. “Iran’s Karmanshah line that supplies Diyala with electric power since 2004 caused the waste of $300 million paid to the Iranians, despite beign a mediocre service that provides […]
