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Turkish Consortium Tipped for 500MW Power Plant in Missan

A consortium of Turkish firms is negotiating with the authorities in the southern Iraqi Province of Missan for the construction of a 500-megawatt power plant, according to a report from Azzaman News Agency. Governor Mohammed al-Sudani said the talks were in an advanced stage and that representatives from the Turkish consortium were currently discussing the […]

Iraq Launches Five-year Plan for Economic Development

China's Xinhua News Agency is so far the only source to report on Iraq's new five-year National Development Plan (NDP), announced on Sunday. The plan targets annual economic growth of 9.4 percent and attempts to cut unemployment. The country's 2010-2014 NDP was announced in a televised event in Baghdad attended by top Iraqi officials, including […]

Repairs Continue on Kirkuk-Ceyhan Pipeline

Turkish security sources said the flow of oil on Iraq's pipeline to the Turkish port of Ceyhan was still halted on Sunday night after a bomb blast blamed on suspected Kurdish separatist rebels the previous evening, according to a report from Reuters. AFP reports that a blast late Saturday ripped through a section of the […]

Kurdistan Region Demands Strategic Trade Relations with Turkey

The Chief of Erbil Trade & Industrial Chamber has announced today that his Chamber has taken into consideration the strategic trade and economic relations, rather than the temporary relations, with a visiting Turkish trade delegation in Erbil. "We have demanded the latest Turkish trade delegation to take into consideration the joint long term trade relations, […]

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Successful Baghdad Trade Show

More than 120 companies and almost 100 Iraqi business and government representatives participated in a catalogue show in Baghdad on Sunday the 20th June. The event was managed and organised by Upper Quartile and co-sponsored by the U.S. Embassy Baghdad, Baghdad Provincial Reconstruction Team, and G4S. It was another first for Upper Quartile, a follow on […]

Turkish Minister Targets $20bn Investment in Iraqi Kurdistan

At the Turkey- Kurdistan Regional Economic Forum held this week in Erbil, Kurdish and Turkish entrepreneurs and businessmen met to discuss possible future joint investment projects in Kurdistan Region. During the meeting, Turkey's Foreign Trade Minister, Zafar Çaglayan, also declared that his country seeks to increase investment by Turkish companies in the region to US$20 […]

Egypt's Orascom Wants to Invest in Karbala

The Egyptian firm, Orascom, is ready to invest in the housing sector in Karbala, the company’s representative said on Wednesday. “Our company can construct more than 10 housing units in Karbala,” the representative told Aswat al-Iraq news agency. He noted that a similar project was finalized in Egypt in eighteen months. (Source: Aswat al-Iraq)

SDV Takes on the Logistics Challenge in Iraq

Following the opening of a representative office in Baghdad, with branches in Zakho and Basrah, SDV has become the first European logistics group to be based in Iraq. This confirms SDV’s continuous commitment to this market for over 12 years. The reconstruction of infrastructures (oil & gas, water supply, sanitation,…), which cater for the country’s […]

Flydubai Names Erbil As Newest Destination

Flydubai, Dubai's first low cost airline, has announced flights to destination number 22, Erbil in Iraq. Flights to Iraq's third largest city and capital of the Kurdish region of Northern Iraq, will start on Friday, July 16. Flydubai's CEO, Ghaith Al Ghaith, said, "Erbil is reinventing itself and undergoing an economic boom with new hotels, […]