A Scottish manufacturer of prefabricated buildings has embarked on a major push into the Middle East as it targets construction projects in countries such as Libya and Iraq. Powerwall, which runs a ten-acre production site in Wishaw and employs about 80 staff, is also locked in talks with potential partners in a string of markets, […]
The Iraqi Agriculture Ministry wants to spend more than 600 billion IQD ($500 million) to build modern agricultural villages in order to stimulate the Iraqi agricultural sector. According to the report from AKnews, 20 billion IQD will be spent on average for each village in the provinces of Najaf, Anbar, Nineveh, Babil, Salahaddin and Baghdad; […]
Passenger numbers at Erbil International Airport are up 39% over the past year, according to Aswat al-Iraq. The Director General of the airport said in a press conference that 550,000 passengers used the airport over the past year, with freight traffic up 62 percent. There are 12 airlines usingt the airport, including three new ones […]
Iraq’s railways are now safer and more efficient as a result of two projects funded with $60 million by the United States. The successful completion of the Communication Based Train Control (CBTC) system and Digital Microwave Radio Communication Network (DMRCN) will help Iraq to move goods, people, and raw materials quickly about the country. They […]
As Reidar Visser reported this week, the Iraqi parliament is taking a six-week break, not re-assembling until 20th November. How they spend their time will vary, of course, and I'm sure that some will be much busier than others. But for those who will be taking the opportunity for some constructive leisure time, a good […]
Iraq's deputy prime minister has said that oil contracts signed by the Kurdistan Regional Government (KRG) must be rewritten, and that recent government payments to international producers in the region in no way validate the contracts, according to a report from Reuters. "The contracts as they stand will have to be presented to the government […]
Iraq took responsibility for all of its airspace this month for the first time since the 2003 US-led invasion, according to AFP. The US Air Force (USAF) has transferred management of the Baghdad/Balad Airspace sector to the Iraq Civil Aviation Authority (ICAA). Iraq's air traffic controllers are now directing the movement of all aircraft within […]
The governorate of Sulaimaniya is planning to build five grain silos by the end of 2012, according to Hama-Hussein Hama-Saeed, deputy general director at the Kurdistan trade ministry. AKnews reports that the silos, worth $116 million (138 billion Iraqi dinars), will have a capacity of 240,000 tons of grain. "With these silos, we'll be able […]
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. […]
Turkey and Iraq have agreed to open two new border crossings to boost trade and accommodate increasing traffic between the two neighbors, according to a report from Today’s Zaman. The issue was discussed during a two-day visit by Iraqi Foreign Affairs Minister Hoshyar Zebari to Ankara on Wednesday. The formal agreement for the opening of […]
Asiacell has selected HSBC and Morgan Stanley to manage its initial public offering (IPO) on the Iraqi bourse, according to Bloomberg. Chief Executive Officer Diar Ahmed told the news agency that the company will offer 25 percent of its shares, but did not specify when. The company, which is an affiliate of Qatar Telecom, is […]
The Director General of the South Oil Company said on Wednesday that they plan to build a fifth floating oil pier when the four currently under construction are completed. Aswat al-Iraq reports that the four piers are expected to be finished by late-2013 or early-2014. The first of these piers will start exporting oil at […]
