By John Lee. A Brazilian delegation headed by Undersecretary of the Brazilian Foreign Ministry Mr. Paulo Cordeiro de Andrade Pinto visited Iraq from 15th to 18th December. The delegation met with both the Foreign Minister, Mr. Hoshyar Zebari, and the Trade Minister, Mr. Khairallah Babiker. The delegation held meetings for the period from 16 - […]
By Padraig O'Hannelly. A year after the withdrawal of US troops, the terrorist attacks in Iraq continue, and the tensions between central government and the Kurdistan Regional Government continue to rise. In the year ahead, we can expect to see further developments in the ongoing battle between Erbil and Baghdad over control of oil contracts […]
By John Lee. World Bank Group support for Iraq over the next four years will focus on job creation, social inclusion and building stronger institutions. The Country Partnership Strategy which was discussed today by the World Bank Board of Executive Directors is a four-year engagement framework with a planned US$900 million in support to Iraq. […]
By John Lee. Valerus has been awarded a contract to provide more than 45,000 bhp of compression and onsite supervisory services for oil and gas processing facilities being developed in Iraq. The award positions Valerus as Iraq’s largest supplier of reciprocating compression equipment and services. Valerus has installed large compression facilities throughout the Middle East, […]
By John Lee. The Croatian civil engineering company Ingra has signed a $1.5-million hydro-electric deal in Iraq. Under the six-month contract the company will upgrade five 80MW generators at the Dokan hydro-electric power plant in Iraqi Kurdistan. Ingra said it expects to sign several more deals for works on other hydro power plants in Iraq, where […]
By John Lee. Starwood Hotels & Resorts Worldwide announced it has signed an agreement with BCD Co. to introduce its destination sensation brand, Aloft Hotels, to Iraq's emerging commercial hub. The opening of the new Aloft Erbil in 2015 will mark the launch of the Aloft brand into Iraq. Created to shake up the traditional […]
The respect and protection of human rights in Iraq remains fragile as the country continues its transition from years of conflict and violence to peace and democracy, says the United Nations in its most recent Report on Human Rights in Iraq, which covers the period from 1 January to 30 June 2012. Violence remains of […]
By John Lee. Iraq's Ministry of Electricity has announced that a contract was signed with the Japanese Mitsubishi Corporation to supply Iraq with 400 KV transformers. The contract, to be delivered within 18 months, is valued at $38 million. (Sources: NMC, Aswat al-Iraq, AIN)
By John Lee. Iraqi Railways signed a contract to import 10 passengers trains from a Chinese company. Aswat al-Iraq reports that the contract is valued at $115 million. (Source: Aswat al-Iraq)
By John Lee. Several Italian companies expressed willingness to invest in Najaf, reports AIN. According to the report, Dand Group and consortium of Italian companies are interested in building a brick factory in the province. The head of Najaf Investment Commission, Wafi al-Bahash, told the news agency: "This industrial offer deserves to be studied .. the […]
By John Lee. The Governor of Maysan [Missan] province, Ali Dawai Lazim, has met the Planning Minister Ali Shukri (pictured) to discuss developments in the region. During the meeting, the Minister approved the allocation of funds to build 1,000 residential units in Maysan. (Source: AIN)
By John Lee. A member of the Parliamentary Finance Committee has ruled out dropping the three zeros from the Iraqi currency in 2013 because "the ground is not prepared yet". MP Majida al-Timimi told AIN: "The process of deleting zeros from the Iraqi currency in 2013 depends on the nature of the policy of the […]
