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German House-Building in Karbala

German companies have offered to build 1,000 low-cost housing units in Karbala within an integrated housing neighborhood project for a total cost of $16.5 million, according to a report from Aswat al-Iraq. “A delegation representing a German consortium offered to Karbala's Governor Amal al-Din al-Hirr, and Provincial Council Chief Muhammad Hameed al-Moussawi, a project consisting […]

USAID Allocates $80m to Iraqi Health Sector

A Kurdish official has reported that USAID, the United States Agency for International Development, has allocated $80 million to develop the health sector in Iraq. Speaking to AKnews on Tuesday, Khalis Qadir, spokesman for Kurdistan's Health Ministry, said USAID announced the allocation on Monday  in a conference in Tikrit, 140 km northwest of Baghdad. The […]

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"1,200 Foreign Firms" Taking Part in Baghdad International Fair

Baghdad International Fair expects its largest participation since the 2003-U.S. invasion when it starts its 37th session next week, according to a report from Azzaman. The fair’s director-general, Sadeq Sultan, said the 10-day fair will see 1,200 foreign firms taking part as well 15 foreign countries. This is quite a change from the 300 companies […]

Erbil Building Trade Solo Exhibition - March 2011

Erbil Building Trade Solo Exhibition will be held in Erbil from 3rd to 6th of March 2011 in the Sami Abdulrahman Park Exhibition Centre Erbil is ready to host building and construction industry professionals in this essential event with its growing market and population of 8 million. Erbil Building Trade Solo Exhibition is the greatest […]

Iraq May Earn $4.2 trillion from Oilfield Development

Iraq may earn $4.2 trillion in revenue from oil fields being developed by international companies after rights for production from the deposits were auctioned last year, Oil Minister Hussain al-Shahristani said. Reuters quotes the minister as saying that the fields, whose development rights were assigned after two bid rounds held last year, will produce 60 […]

Allawi U-Turn on Oil Contracts?

The al-Iraqiya political coalition, which includes prime-ministerial candidate Ayad Allawi, has stated its objection to the outgoing government’s rounds of licensing gas and oil investments by foreign companies, regarding them as breaching the constitution and violating the law, according to a report from AKnews. This might expose the Ministry’s officials to legal accountability by the […]

$3bn Iraq/US F-16 Deal at Risk?

The Iraqi government announced on Monday that it no longer has the authority to contract for the major F-16 aircraft deal that we reported on just two weeks ago, according to Alsumaria News. While stressing the need for Iraq to have a strong air force to protect its sovereignty, Iraqi government spokesman Ali al-Dabbagh told […]

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British Companies Targeting Kurdistan

The largest ever British trade delegation to visit the Kurdistan Region last week participated in Erbil International Fair. The delegation was lead by Sir Andrew Cahn, the Chief Executive of UK Trade and Investment (UKTI), the British government department that spearheads international trade with the UK. The mission comprised 53 representatives from 39 British companies […]

Row Continues Over Fate of Maaqal Port

The director of the Media Department of the Iraqi Ports Directorate said on Sunday that the ports department had studied the possibility of closing Maqel [Maaqal] port, but concluded that it is not feasible because of the large financial revenues generated by the port and the ease of transfer of goods through it. Anmar al-Safi […]

Sri Lanka to Strike Crude Oil Deal with Iraq

Sri Lanka’s state-run oil company Ceylon Petroleum Corporation (CPC) has concluded talks with iraq's State Oil Marketing Organization (SOMO) to buy crude oil from Iraq. Speaking to the Asian Tribune , the Deputy Director General of SOMO, Majed Kadhim Yousif, who was in Sri Lanka to attend the seventh session of Sri Lanka-Iraq Joint Committee […]

Sonoro Energy Teams Up with Inglett & Stubbs in Iraq

Sonoro Energy (TSX-V: SNV) announced on Monday that it has formed a strategic alliance with Inglett & Stubbs International whereby Inglett will support the execution of certain operations in Salah ad Din, Republic of Iraq. Inglett has developed advanced design and building procedures that allow them to efficiently manage the most technically complex construction projects […]