Recently ISX CEO Taha Ahmed Abdul Salam told reporters that foreigners now hold 19% of ISX-listed shares. (See this link.) This seems like a big percentage but in fact reveals that foreign institutional participation in the market remains quite limited. As of the end of last month, strategic shareholders in the eight foreign-invested banks held […]
The Province of Anbar, where once most of the country’s violence took place, is looking forward to better days, reports Azzaman. “The value of investment projects in the Province of Anbar this year is estimated at $2 billion,” governor Qassem Abed said. Abed made the remarks during a visit to the international trade fair held […]
Iraq’s Prime Minister, Nouri al-Maliki, has said on Sunday that his government can’t solve the country’s electricity supply problems without the help of private investment companies, reports Aswat al-Iraq. “The government is unable to increase the electric power alone, without the help of investing companies, and we have information that several businessmen wish to invest […]
Major sewerage projects in Baghdad and Fallujah are being launched shortly at an overall cost of close to $140 million [168 billion Iraqi dinars], the Ministry of Municipalities and Public Works on announced Monday. The ministry’s media advisor, Jassim Mohammed, told AKnews that $72.5 million has been allocated to a sanitation scheme in Baghdad’s northern […]
Kurdish and Greek businessmen agreed on Sunday to establish a new Kurdish-Greek Center for Reconstruction and Investment. Aswat al-iraq reports that the organisation will have its headquarters in Erbil, while AKnews says it will be based in Greece. Organizer Sarbast Zakhobi informed Aswat al-Iraq that "it was important to establish such center, which aims at […]
The rehabilitation of the Iraqi capital of Baghdad requires an investment of $15 billion [18 trillion Iraqi dinars] over the next 10 years, Baghdad’s Mayor said on Sunday. Sabir al-Issawi [Saber al-Issawi] (pictured) gave the figure in response to a question addressed to him by Iraq’s Prime Minister, Nouri al-Maliki, in a meeting attended by […]
A trade delegation from the Kurdistan Region is expected to visit Britain and Ireland next week, seeking to form and consolidate trade relations, a regional government official said on Monday. The delegation will be made up of government officials, businessmen and Investment Board members. Dara Jalail Khayat, head of the Kurdistan Regional Government (KRG)'s Chamber […]
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. The opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. […]
As agriculture in Iraq grows and evolves, many farmers, packing house operators, wholesalers and food suppliers have questions about its future. They wonder whether produce will be sold in stalls or in supermarkets. They question the impact imported goods will have on Iraqi-raised products. To facilitate discussions about the future of agriculture in Iraq, the […]
Midland Refineries Company announces the below tenders: -83 items of spares for pumps. -8 items of spares for pumps. -11 items of spares for compressors. -44 items of spares for boiler feed pump. -7 items of spares for pumps. -20 items of spares for new river water diesel driven group. - 31 items of tools […]
North Gas Company announces a new spares tender . Offer should be worked out on the basis of CIP Kirkuk, kindly state the following: -Unit Price -Delivery Date & offer validity (90 days) -Include bid bond (1%) of offer value valid for 90 days within technical-envelope otherwise be declined -Country of Origin -Port & country […]
The Oil Projects company (SCOP) announces the issuance of a new design & supply of tank gauging system & field instruments for K3 pumping station at Hadith. Tender documents may be collected (by an authorized representative of the tenderer ) at SCOP's headquarter in Baghdad against the payment of a non-refundable 250 000 (Two hundred fifty thousands). […]
