Hill International (NYSE:HIL), the global leader in managing construction risk, announced on Monday that it has been awarded a contract by the Iraq Ministry of Higher Education and Scientific Research to provide design management and construction management services for the new Al Bayaa Teaching Hospital in Baghdad, Iraq. The three-year contract has an estimated value […]
The Government of Iraq in cooperation with UNDP Iraq, USAID-Tijara and the Consultative Group to Assist the Poor organised the Iraq Micro-Finance Forum in Erbil. The Forum’s key objectives were promoting synergy between the Government’s poverty alleviation and job creation efforts and the existing microfinance industry, enhancing service delivery by microfinance institutions to micro-small and […]
Siemens has announced that it has won a major order from the Iraqi Ministry of Electricity to supply the control and instrumentation system, field equipment, and spare parts for steam turbine generators for Iraq's largest power plant at Al Mussaib [Musayyib]. The upgraded plant will be more reliable, and will have higher output and increased efficiency. […]
Advertising Feature Iraq Business News is delighted to bring you the latest Iraq Market Tracker report from Dunia Frontier Consultants. The market tracker highlights the activities and market performance of a basket of publicly traded firms who derive a significant percentage of their revenues from operations in Iraq, but are traded on foreign exchanges: a […]
WesternZagros Resources has announced that the mean estimate of gross unrisked contingent resources ("Mean Contingent Resources") has increased to 147 million barrels of recoverable oil (corresponding to 464 million barrels of mean estimated gross discovered oil initially in place) and the mean estimate of gross unrisked prospective resources ("Mean Prospective Resources") has increased to 1.2 […]
Shaikan-4 Well Test Achieves 24,000 bpd Gulf Keystone Petroleum (GKP) has completed the testing programme for the Shaikan-4 deep appraisal well, drilled 6 km to the west of the Shaikan-1 discovery well in the Kurdistan Region of Iraq. The extensive well testing programme commenced in December 2011 after Shaikan-4 had drilled to a total depth […]
Iraqi Kurds say they have struck a new oil find at the disputed district of Shaikhan, north of the city of Mosul. According to the report from Azzaman, the discovery of reserves of up to 917 million barrels in an area close to Mosul, the capital Nineveh, is certain to fuel tension between Iraqi Kurds […]
By Sherif Salem, of Invest AD. Iraq’s banks are quietly on the move, and the consequences for the economy could be powerful and far-reaching. The country has 49 banks, and although lending has increased in the last couple of years, the loan-to-deposit rate still stands at only 44%, compared to around 80-90% for other banks […]
Genel Energy, the London listed E&P company and largest independent oil producer in the Kurdistan Region of Iraq, announced on Friday that it has appointed Chakib Sbiti as an independent non-executive director with immediate effect. He will also become a member of the Political Risk and HSSE Committees of the Genel Energy Board. Mr Sbiti […]
Iranian carmaker Saipa is to build a car assembly plant in Iraq. The factory will have capacity to output as many as 120,000 cars per year if operated around the clock. Iran has developed its domestic car industry for five decades and produced 1.6 million vehicles last year, about half of them made by Iran […]
Etihad Airways, the national airline of the United Arab Emirates, this week launched its inaugural flight from Abu Dhabi to Basra in southern Iraq. Flight EY553 took off from Abu Dhabi airport at 9.45am and landed on schedule at Basra International Airport at 10.50am. The new Airbus A320 service, with 16 Pearl Business class seats […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 19th April 2012). Please click here to download a table of listed companies and their associated ticker codes. ID1,281 (-0.4%) / $1,397, (-0.9%) (weekly change). The number of week traded shares was 7.1 bn and the weekly trading volume was ID11.3bn ($9.5mn). […]
