By Omar al-Shaher for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Technip, a French company specializing in the management of energy producing installations, received a “significant contract” in the second phase of the oil refinery project in the Iraqi province of Karbala, […]
Foreign Minister Hoshyar Zebari inaugurated on June 6, 2013 the first Iraqi passports issuance center abroad in the Consulate General of the Republic of Iraq in Dubai. This center is connected to the central office in Baghdad and will save the Iraqi people a lot of effort, time, travel and facilitations, the center was established […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 6th June 2013). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at ID1,792 (+2.8%) / $1,854 (+1.7%) (weekly change). The number of week traded shares was 5.3bn and the weekly […]
On World Environment Day, the United Nations is highlighting the importance of sustainable environmental management to ensure food security. Nearly 6 million Iraqis face food deprivation and vulnerability. “The global theme for this year’s World Environment Day focuses on minimizing food waste,” said Deputy Special Representative of the United Nations Secretary-General (DSRSG) for Iraq and […]
From May 27-28, renowned regional and international healthcare experts convened at the Iraq Healthcare Conference 2013 in Erbil, Iraq (Kurdistan Region) to discuss the current state of the Iraqi health system and to develop urgently needed strategies to shape a strong public health system for Iraqi citizens. The Iraqi health system is in pressing need […]
The American University of Iraq, Sulaimani [Sulaymaniah] (AUIS) announced today that it is the beneficiary of a generous donation from Genel Energy. The bequest of $20 million USD, which was facilitated by the Kurdistan Regional Government and is part of Genel’s commitments to enhance the infrastructure of the Kurdistan Region, enables AUIS to continue to […]
By John Lee. KUNA reports that the UN Security Council has acknowledged progress achieved by Iraq in implementing its UN obligations towards Kuwait, and will move some related issues from Chapter VII to VI of UN Charter when it meets on the matter next month. Mark Lyall-Grant (pictured), British Ambassador to UN and rotating UNSC […]
By John Lee. Qatar Airways has launched flights to Basra, its fourth destination in Iraq. The new services, operating four-times-a-week non-stop from the airline's Doha hub, takes the carrier's global network to 128 destinations worldwide. The launch also marks the rapid expansion by Qatar Airways in Iraq since the middle of 2012 when it began […]
By John Lee. The Iraqi Ministry of Tourism and Antiquities has announced that more than 130,000 tourists entered Iraq in May. According to Aswat al Iraq, the tourists mainly visited the holy shrines in Karbala, Najaf (pictured), Baghdad and Samarra. Approximately 12,000 tourists came from "Arab and foreign countries", while the rest came from Iran […]
Who is the biggest winner from the recovery in Iraqi oil production? Denise Natali, a Middle East expert at the National Defense University in Washington, told the New York Times: “The Chinese are the biggest beneficiary of this post-Saddam oil boom in Iraq ... They need energy, and they want to get into the market.” […]
Iraq's State Company for Oil Projects (SCOP) has awarded French company Technip a significant contract for project management consultancy (PMC) services for the engineering, procurement and construction (EPC) phase of the Karbala refinery. This award follows the front-end engineering design (FEED) executed by Technip in 2010. The scope of work will cover two phases: phase […]
By John Lee. Zain Iraq has moved a step closer to launching its mandatory initial public offering (IPO), by establishing a new holding company in Iraq through which it will list 25 percent of its shares on the Iraq Stock Exchange (ISX) towards the end of the year. The new company, named Al-Khatem Telecommunications, floated […]
