German truck and bus maker MAN has signed a $14 million [17 billion Iraqi dinar] deal with Iraqi firm Numoor Al-Bararry to manufacture commercial trucks in Baghdad, according to report from AKnews. Under the contract, the two companies will establish an assembly line and maintenance workshop, said Peter Mayr, managing director of Terramar Company, which […]
The Iraqi government is to provide financial incentives for foreign companies to hire Iraqi workers, according to AKnews. The parliamentary committee for labor and services decided to reduce taxes and other 'not specified obligations' towards the Iraqi government, as well as to provide facilities to these companies. "The foreign companies can rely on their skilled […]
There is a case of 'serious fraud' in a project intended for Najaf City, the Capital of Islamic Culture in 2012, an Iraqi MP has warned. Hussein Sharifi, a member of Tourism and Archeology Committee in parliament, told AKnews the case involved is the construction of a three-floor building for which 100 billion Iraqi dinars […]
Iraq and Germany have signed a memorandum of understanding (MuO) in Baghdad, commiting them to cooperate in areas of industry, trade, agriculture and transportation. The Iraqi Minister for Industry, Ahmed Dali, told a press conference following the signing of the protocol that the signing of the MuO will encourage more German companies to come to […]
The following article was published by Reidar Visser, an historian of Iraq educated at the University of Oxford and currently based at the Norwegian Institute of International Affairs. It is reproduced here with the author’s permission. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. […]
Levels of violence crept up in Iraq over the past fortnight, but conditions have been generally quieter over the last four months when compared to earlier in the year. AKE has compiled maps showing the distribution of the latest violence. The first map shows the location of specific incidents of violence, pinpointed around the country. […]
The Claremont Group has expanded its international development operations into the rapidly growing commercial and residential real estate market in the Kurdistan region of northern Iraq. The New York-based real estate firm has launched construction on a major modern residential community in the region's capital of Erbil, Iraq's most secure and fastest-growing city. The Atlantic, […]
This article was written by Abeer Mohammed, and was originally published by the Institute for War and Peace Reporting, iwpr.net. It is reproduced by Iraq Business News with permission. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. On its road to democracy, Iraq may […]
German and American companies have proposed building a grain silo in Shatra County, north of Nassiriya, a Provincial Council member announced on Friday. Hamoud al-Shatri told Aswat al-Iraq that two companies proposed building the storage facility which will have a capacity of 30 thousand tons. The silo project is one of the main infrastructure projects […]
Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 3rd November 2011). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at ID1,422 / $1,533, -7.7%. The number of weekly traded shares was 16.5bn and the weekly trading volume was ID24.8bn […]
The Provincial Council of Thi Qar [Dhi Qar] has announced that the ministry of electricity has approved the award of a contract to build a 500-megawatt power station to a local company. Aswat al-Iraq reports that the council expects the work to start this month, after verifying the company's records and abilities. The contract had […]
German construction and engineering company Bauer said it signed a letter of understanding on a $2.6 billion [3.1 trillion Iraqi dinar] contract to refurbish a dam in Iraq. "We expect the contract to be ready for signing within the next few months, after some final details have been clarified," Chief Executive Thomas Bauer said in […]
