The Swedish Ambassador to Iraq, Carl Magnus Nesser, said the Kurdistan Region is very appropriate for investment, according to a report from AKnews. During a visit to the Awamedica pharmaceuticals factory (pictured) in the Kurdistan Region, he said there are many Swedish companies considering investment in Kurdistan. (Source: AKnews)
Iraq may purchase electricity from Armenia, said Vice-Prime Minister of IraqSaleh al-Mutlaq at the meeting with Armenian Ambassador Murad Muradian. The sides discussed possible areas of economic cooperation, including ways of supplying electricity from Armenia to Iraq, expressing the hope that this problem will be resolved. Ambassador Muradian informed the vice-prime minister of Iraq that […]
MAG (pronounced “Mag”) – Mines Advisory Group – is a neutral and impartial humanitarian organisation that clears the remnants of conflict for the benefit of communities worldwide. MAG is creating a more secure environment in Iraq, enabling development and helping people to return home safely. Internal conflicts, the 1980-88 war with Iran, the 1991 Gulf […]
Iraq's Ministry of Electricity announced on Tuesday the experimental launch of a number of electrical units in the al-Sadr gas station. According to the report from AKnews, the plant is operated by the Iranian company Snair (which Iraq Business News believes to be Sunir). The ministry’s media spokesman, Musab al-Mudarres, told AKnews that the station […]
The Oil Projects Company (SCOP) announces a Design & Supply tender to be performed in two phases. -Supply of five metering skids. -One Small volume prover. - Two drainage vessels. The origin of the materials should be American, Japanese or Western European. Tender documents may be collected by an authorized representative of the tenderer at […]
Midland Refineries Company has announced the tenders listed below: * Tender no 1239/2011 : Purchasing 26 items of Spare for P.918 Wbe 1.A,B * Tender no 1260/2011 : Purchasing 2 items of Spare for centrifugal fan * Tender no 1253/2011 : Purchasing 10 items of Spare for Gearbox Type ASR 450 SPEZ * Tender no […]
Today [Monday] the Kurdistan Regional Government (KRG) Prime Minister Barham Salih, following the visit to Erbil of Iraqi Federal Finance Minister Rafie al-Issawi, welcomed the new efforts made by all parties in the federal government on Iraq’s planned oil and gas legislation. “We have had excellent discussions with Finance Minister al-Issawi,” said Prime Minister Salih. […]
Shares in WesternZagros Resources fell 18% on Tuesday following the release of its year-end results. There is uncertainty about the company's ability to continue as a going concern, and additional funds will be required. The text of the company's announcement is shown below, and the full announcement can be downloaded here. WesternZagros' highlights and activities […]
Johnson & Johnson, the world’s second-biggest maker of medical products, will pay $70 million after admitting that the company bribed doctors in Europe and paid kickbacks in Iraq to win contracts and sell drugs and artificial joints. Bloomberg reports that subsidiaries of J&J paid bribes to doctors and hospital administrators in Greece, Poland and Romania, […]
South Korea's Hyundai Heavy Industries has tendered the lowest of six bids for the construction of a 500-megawatt natural-gas fired power plant in Najaf, an Iraqi Electricity Ministry official said. According to Bloomberg, Hyundai bid $158.9 million for the work; Metka SA (METTK) of Greece, Turkey’s Enka Insaat & Sanayi AS, Lanco Infratech Ltd. (LANCI) […]
The General Company for Trade and Commercial Services opened a car show at the Baghdad International Fair in the presence of the Trade Ministers, Khairallah Hassan and the Labor and Social Affairs minister, Nassar al-Rubaie. According to AKnews, the Director of the General Company for Trade and Commercial Services , Sadiq Hussain Sultan, said in […]
A delegation from Al-Rahmani Group visited Basra Investment Commission (BIC) and presented a plan to construct a technical training centre in a cost of $5 million [6 billion Iraqi dinars]. The executive chairman of the group, Eng. Raid Al-Rahmani, said, "our plan includes the construction of a training centre to develop the local working staff […]
