AKnews reports that a Kurdish-Dutch business association has been established in Amsterdam to enhance economic and financial relations between the Kurdistan Region and the Netherlands. Association member Bakir Lashkri said: "The club's function is to help Dutch companies that want to invest in the Kurdistan Region and also to improve relations between the Kurds and […]
Iraq's Deputy Prime Minister for Energy Affairs, Hussein al-Shahristani (pictured), has invited Indonesian companies and investors to participate in the reconstruction of Iraq, according to a report from AIN. The DPM emphasised opportunities in the areas of petrochemical plants and fertilizers factories. During his speech to the Indonesian Parliament, he assured MPs that "Iraq is […]
Memorandums of Understanding (MoUs) have reportedly been signed between 12 bordering provinces of Iraq and Iran, according to a report from AKnews. The governor of Erbil, Nawzad Hadi, said the memorandums were signed between cities bordering Iran and Iraq at a conference in Iran in the presence of a number of Iranian government officials. "The […]
Russian oil giant Bashneft has been award the rights to explore for oil in the south of the country after nearly one month of negotiations, a senior Baghdad official said on Sunday, according to a report from Bloomberg. This brings the total number of Russian companies with oil deals in Iraq to three. During Iraq's […]
The Iraqi Central Bank (ICB) said on Sunday that the deletion of zeros from the currency still needs further deliberations with relevant institutions, according to a report from AKnews. The ICB added that it is seeking to make the Iraqi currency stronger and more stable through new mechanisms with regard to dealing with banks for […]
Indonesia’s state-owned oil company Pertamina wants to buy stakes in at least two Iraqi oilfields, according to a report from Bloomberg. During meetings between Iraqi and Indonesian government officials in Jakarta, company President and CEO Karen Agustiawan (pictured) told reporters the company may acquire a 10 percent share in an area that produces 2.5 million barrels […]
The Minister for Water Resources, Mohaned al-Saadi [Mohanad Salman Al Sady] (pictured), has called on local and international institutions to supply Iraq with expertise and training in the water sector. The Ministry said in a statement: "Saadi's call came during a speech to the Economic Iraqi-Portuguese Forum that in Lisbon on June, 24/25. Saadi said […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 28th June 2012). Please click here to download a table of listed companies and their associated ticker codes. ID1,321 / $1.440, (+0.9%) (weekly change). The number of week traded shares was 3.3bn and the weekly trading volume was ID6.5bn ($5.5mn). ISX Company […]
Bloomberg reports that Iraq has agreed a $245 million contract with IIAJ Ltd, of the the United Arab Emirates, to build 1,083 housing units in Diwaniya. The al-Zahra residential compound is to be completed within two years on the southwestern side of Diwaniya city, a spokesman for the Diwaniya Investment Commission told the news agency. The […]
Iraq's State Company for Oil Projects (SCOP) will offer the construction of the Kirkuk oil refinery to international companies on a build, operate and own (BOO) basis in December 2012, according to a report from Steel Guru. The report quotes Mr Salar Ameen, deputy chairman of the National Investment Commission (NIC) as saying that "feasibility […]
Basra will soon become the scene of multi-billion dollar construction projects to be implemented by major foreign firms, according to a statement issued by Basra Investment Commission. According to a report from Azzaman, most of these projects will be in the city of Basra, giving it more than 70,000 new, modern apartments for low-income groups, […]
Iraq's Minister for Electricity, Kareem Aftan al-Jumaili, has opened a new 200MW power station in Missan province, according to a report from AKnews. The new diesel-fueled station, to the north of Amara, was built by the South Korean company STX at a reported cost of $220 million (260 billion Iraqi dinars). According to a spokesperson for […]
