Authorities in Iraqi Kurdistan are planning to build 12 dams in the semi-autonomous region in an attempt to save about 20 billion cubic meters of water per year, according to a report from AKnews. Currently, there are three main dams in the Kurdistan Region, two in Sulaimaniya province, and one in Duhok province, but these […]
The Ministry of Agriculture and Water Resources of the Kurdistan Regional Government (KRG) gave loans to almost 1,500 individual projects in 2011, reports AKnews. Nuri Ismael, The Ministry's loans and marketing director, told the news agency that the agricultural banks in Sulaimaniya, Erbil, and Duhok provinces as well as Garmiyan area have given a total of […]
More than 40,000 tourists entered Iraqi Kurdistan Region for the New Year celebrations, roughly four times as many as the previous record, AKnews reports. The press secretary for the Kurdistan General Tourism Board, Nadr Rosti, told the news agency that in 2011 more than 10,000 tourists visited Kurdistan during the New Year. But in the […]
Piling Tech, a subsidiary of the UAE-based business conglomerate Tech Group, said that it has won its first oil sector contract in Iraq, valued at $10 million. Under the terms of the agreement, Piling Tech will be involved in the installation of piles, foundations and wells for the West Qurna-2 oil field in southern Iraq. […]
Iraq's Central Bank says it will not allow the Iraqi dinar to depreciate and has been selling hundreds of millions of dollars to keep the currency stable, according to a report from Azzaman. The dinar weakened in December, prompting the bank to sell dollars in a bid to withdraw cash from Iraqi markets. The bank […]
AKnews reports that there will be fewer international expos in Erbil this year. . Latif Aref, head of Erbil International Fair, told AKnews that in the previous year 13 international expos were held in Erbil, while only 10 are planned for 2012. An expo will be organized every month except for July and August, because […]
Iraqi Foreign Minister Hoshyar Zebari has told the Trend news agency that his country was keen on taking part in the planned Nabucco natural gas pipeline. "Iraq is able to propose its resources for this strategic project, which is of great importance for the country," he was quoted as saying. UPI reports that Europe aims […]
Another year in Iraq, another slew of tragic suicide bombings and jarring political crises. On the other hand, locals welcomed what economic progress they saw as well as the chance to become masters of their own political destiny, post-US-withdrawal, according to this article from NIQASH. Any opinions expressed are those of the author, and do […]
Iraq's National Investment Commission (NIC) announced on Monday the details of the new Kerbala Monorail, and invited interested parties to contact them: Length of the line (18 KM) Project Type (Monorail) - High Concrete mono rail of two ways known locally as Kerbala Monorail. Number of stations (20) the distance between each station and another […]
Iraq's Transport Ministry said on Monday that it had agreed with the South Korean Doosan company to buy three 17,000 tonne vessels at a cost of $73 million (85 billion IQD), according to AKnews. Samir al-Karkhi, director of Marine Shipping Company, told the news agency that the Ministry of Transport is making efforts to restore […]
The U.S. Embassy in Baghdad is pleased to announce that applications are currently being accepted for the 2012 MEPI Student Leaders Program. The program, which is funded by the U.S. Department of State and supports the goals of the U.S.-Iraq Strategic Framework Agreement, provides opportunities to Iraqi undergraduate students to develop leadership skills and promote […]
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. […]
