By Tom Walker, Director, Assaye Risk In a similar pattern to last week violence intensified in Iraq this week as the major sectarian groups provoked and attacked one another in numerous shootings and bombings that were predominantly focused upon the northern and central belts, specifically in Baghdad, Mosul and Kirkuk. We have chiefly witnessed an […]
On Wednesday, the United Nations Security Council extended the mandate of the United Nations Assistance Mission for Iraq (UNAMI) until 31st July 2014, so it can "continue to advise and support the country, which has been hit by the worst violence in years, to progress on the path to stability and development". In a unanimously […]
By John Lee. Reuters reports that the China Petroleum Engineering & Construction Corporation (CPECC), the engineering and construction subsidiary of the China National Petroleum Corporation (CNPC), has won a $548-million service contract to develop the Halfaya oilfield. The company will handle engineering, procurement, construction and commissioning work at the oilfield, which is forecast to produce […]
By John Lee. Volvo Group Trucks is on track to grow by 30 percent in the Gulf region by 2015 on the back of a construction boom in Iraq and a strong economy in Saudi Arabia, according to a report from The National. Stefan Soenchen, business team director in Iraq, said: "The key markets are […]
By Mustafa al-Kadhimi for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Iraqi-Saudi relations is the most complex issue that Iraq has to deal with. But, at the same time, it is the closest to being resolved if the political entities of both […]
By Robin Simcox, Research Fellow for Strategic Analysis, part of the Henry Jackson Society. On Sunday 14 July, over fifty people were killed in a series of terrorist attacks in Iraq. The most deadly attacks took place in Basra, where three roadside bombs killed twenty eight. A series of attacks – particularly via car bombs […]
From Iran’s PressTV. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Iraqis are preparing to mark the death anniversary of Imam Ali---the first Shia Imam amid escalation of violence across the country:
By John Lee. Greek company TERNA has reportedly been awarded a $26.8m turnkey contract to construct a 100-bed hospital in Basra. According to Construction Weekly, the design and build project consists of a general hospital covering a built area of 18,000 m2, including 2,000 m2 for a staff residence and 22 rooms for special care. It […]
By John Lee. Dana Gas has repaired its liquefied petroleum gas (LPG) facility at Kor Mor in Iraqi Kurdistan, which was damaged when a tanker smashed into it last year, halting its production of up to 900 tonnes of oil equivalent a day. Dana and its parent company, Crescent Petroleum, remain in negotiations with the Kurdistan […]
By John Lee. Iraqi Railways is to receive two Chinese-build trains within the next two months. The trains are part of a ten-train, $115-million contract with China to develop railways sector. The handover of the remaining trains depends on the completion of the Baghdad-Basra-Umm Qasr railway line, which has been delayed due to lack of funds. […]
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. The conflict in Syria has become increasingly sectarian as it spills over into neighbouring countries. Iraq has essentially closed its border to Syrian refugees, partly to avoid an influx of Sunni muslims. But […]
By John Lee. A spokesman for the Electricity Ministry, Musab al-Mudaris, confirmed on Tuesday that Iraq has signed a deal with Iran to import natural gas for power generation. Associated Press reports that under the four-year deal, Iraq buy 850 million cubic feet a day of gas at international market prices, but UPI says no […]
