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Inflation Rises to 3.2% in October

An official from the Central Bank of Iraq said on Monday that the core annual inflation rate in Iraq jumped to 3.2 percent in October, from 1.9 percent in September, due to rising costs of housing, water and electricity. Spending on fuel is excluded from the calculations. "The inflation rate is still under control", senior […]

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Egytians Want To Invest in Kurdistan

Rashid Mohamed Rashid, Egypt's Trade and Industry Minister, is to head a delegation of investors on a visit to Iraqi Kurdistan, to consider the possibility of establishing projects in industry, tourism, energy, housing and infrastructure in the Kurdistan provinces. Egypt is encouraging the private sector to go to Iraqi Kurdistan as part of the support […]

Three Romanian Companies Base Themselves in Kurdistan

An official from the Kurdistan Exporters and Importers Union said on Tuesday that three Romanian companies will open offices in the Kurdistan Region next week. The offices will be their only representation across Iraq and the Middle East. Bakhtyar Ahmed, the media secretary for the union, told AKnews the offices will be opened in Sulaimaniya […]

20 Swedish Companies Visit Kurdistan

Representatives of 20 Swedish companies met a group of businessmen from the Kurdistan region on Monday to discuss investment opportunities in the region. The meeting was organized by the Iraqi businessmen association in Kurdistan. “The meeting is a first step in learning about the Swedish companies and their experience,” Sardar Hassan, the association’s secretary general, […]

Sterling Energy Shares Slump after Broken Drill-Pipe in Kurdistan

Shares in Sterling Energy (AIM: SEY), the independent oil and gas exploration and production company operating in Iraqi Kurdistan, fell by 20% in early trading on Tuesday, following an update on the company's operations at the Sangaw North block, in which it has a 53.33% working interest. The Sangaw North-1 exploration well has been drilled […]

Iraq's Navy Recieves Boats From US

Iraq Navy’s has received the first of nine military observation boats from the United States, according to a Navy Command source quoted by Aswat al-Iraq on Sunday. “The boat is part of an order for 9 boats, manufactured in the United States, according to a contract concluded previously,” he said. He continued that the "boats […]

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New Baghdad-Doha Air Route

The spokesman for the Iraqi Ministry of Transport said on Saturday that direct flights between Baghdad and the Qatari capital, Doha will commence today [Monday]. Initially there will be only one flight per week, according to the report from AKnews. The spokesman stated that Iraq wants to open direct flights with all developed countries which […]

Basra University Signs MOU with Iranian Univ.

Basra University has signed a memorandum of understanding (MOU) with Iran's Martyr Jamran University to enhance scientific and cultural exchange. University president Dr. Saleh Ismail told Iraq's National Media Center that the university aims to develop the abilities of its teaching staff, and use the expertise of international universities in the fields of science and […]

Construction in Iraq - Staying the Course

The headlines on the establishment of a new government are indeed welcome. For a small firm like ours, the uncertainty and stop start procurement process is a commercial killer. We have to say that a lot of time and effort proportionate to our size has been expended on producing and delivering proposals that then hang […]