By John Lee. The Iraqi government has allocated $4.7 billion to build power plants and finance existing electricity projects this year. Electricity ministry spokesperson Masaab Al-Mudarris told Zawya: "As part of its 2014 plan, the Ministry of Electricity requested a budget of $12 billion to complete existing projects and to sign new contracts to compensate for […]
By John Lee. Trade between Sri Lanka and Iraq has risen 80 percent to $90 million, according to a report from Lanka Business Today. Sri Lanka exported goods valued at $ 89.80 million to Iraq and imported goods valued at $ 0.19 million from Iraq during 2013. Tea was the major export item to Iraq […]
The opening of Grand Millennium Sulaimani Hotel in Sulaimani, Iraq, took place on March 2nd, 2014. VIPs, guests and media across the country witnessed the grand opening of what is to become the benchmark of hospitality in Kurdistan and Iraq, and an architectural landmark for Sulaimani. Grand Millennium Sulaimani is today the tallest hotel in […]
The Head of the KRG Department of Foreign Relations, Minister Falah Mustafa, led the KRG's first ministerial delegation to Portugal, meeting with a number of key officials from the Portuguese Ministry of Foreign Affairs and Parliament and inaugurating the Business Association of Portugal - Kurdistan / Iraq. The KRG Representative to Spain, Mr. Daban Shadala, […]
This article was originally published by Niqash. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Open Sewers, Unpaved Roads: Baghdad Boasts 700 Unfinished Reconstruction Projects Local authorities admit there are hundreds of unfinished construction projects in Baghdad. And nobody knows who to blame. The contractors say […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 27th February 2014). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at ID1,819 (-3.6%)/ $1,932 (-3.6%) (weekly change). The number of week traded shares was 21.2bn and the weekly trading […]
The Head of the KRG Department of Foreign Relations, Minister Falah Mustafa, conducted meetings with Spanish Foreign Ministry and Parliamentary officials and spoke at a think tank in an effort to further expand the growing relationship between the KRG and Spain. Iraq's Ambassador to Spain, Mr. Wadee al-Batti, and the KRG Representative to Spain, Mr. […]
UN Casualty Figures for February 2014, Anbar province excluded According to casualty figures released today by UNAMI, a total of 703 Iraqis were killed and another 1,381 were injured in acts of terrorism and violence in February*. The number of civilians killed was 564 (including 152 civilian police), while the number of civilians injured was […]
The announcement that Sonangol is to pull out of Iraq due to security problems is disappointing for many, not least for the company, which has been working at the Qayara and Najmah fields for the past four years. But it must be remembered that while security is always a concern, the extent of the problem […]
By John Lee. Angola's Sonangol has decided to abandon its Qayara and Najmah oilfields in Nineveh province due to security problems. Reuters reports that Anabela Fonseca, Sonangol board member in charge of international investments, told a news conference: "Our presence in Iraq was as an operator in an area with much conflict. Last year we […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 20th February 2014). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at ID1,888 (-2.5%)/ $2,005 (-2.5%) (weekly change). The number of week traded shares was 11.2bn and the weekly trading […]
Erbil's IKG Property has issued its Q4 2013 Report which covers Erbil’s Industrial, Retail and Residential markets. The report gives an overview of each sector, explores the supply and demand dynamics and give a brief snapshot of the serviced apartment sector. Click here to download the report from our Reports section.
