Iraq's Minister for Planning and Development Cooperation, Ali Yusuf Al Shukri (pictured), has announced that the Planning Ministry is preparing a database of companies that are falling behind in service and construction projects. These companies, and their directors, will be barred from participation in future projects to be awarded by the Iraqi government. (Source: Alsumaria TV)
KRG Prime Minister Nechirvan Barzani led a KRG delegation to the 2012 World Economic Forum in Istanbul on June 4 and 5. He also attended private meetings with Prime Minister Recep Tayyip Erdoğan and other senior Turkish officials, including Foreign Minister Ahmet Davutoglou. In their meeting, Prime Minister Erdoğan welcomed the KRG delegation and discussed […]
AKnews reports that Imad Ahmed, deputy for Kurdistan Regional Government (KRG)'s prime minister, laid the foundation stone of the $36m Hiwa Hospital for Children on Tuesday evening. The 150-bed charity hospital will be constructed on 35,000 square meters and from KRG's budget, the KRG website reported. The hospital will cater for patients from the prenatal […]
Iraq and Iran have agreed to increase their cooperation in the oil, gas and refinery sectors. Iran's Fars News Agency reports that the Managing-Director of the National Iranian Oil Refining and Distribution Company (NIORDC), Ali Reza Zeiqami, said on Monday that Iran and Iraq had reached an agreement to expand cooperation in developing joint fields, […]
Reuters reports that Iraq’s central bank, struggling to stem an illicit tide of dollars into sanctions-bound Iran and Syria, has had some success in steadying its own dinar by pumping dollars to Iraqis through two state-run banks. Late last month the central bank allowed U.S. dollars to be sold at a fixed rate through two […]
Reuters reports that Qatar Telecom (Qtel) is to double its stake in Asiacell, Iraq's second biggest mobile operator, to 60 percent for $1.47 billion. Qtel will initially increase its stake to 53.9 percent from 30 percent, with a further increase pending Iraqi government and regulatory approval. Qtel did not identify the sellers of the stake, but […]
Iraqi Kurdistan aims to increase increase oil production to 2 million barrels per day (bpd) by 2019, KRG Energy Minister Ashti Hawrami (pictured) told a panel at a World Economic Forum meeting in Istanbul on Tuesday. According to a report from Reuters, Hawrami also said that he wants companies to build pipelines so the fuel can […]
CommLab India has successfully completed a two-month eLearning training program for delegates from Ministry of Oil (MoO), Iraq. 24 professionals representing MoO were trained in all aspects of eLearning such as Instructional Design, Courseware development and Learning Management System at CommLab's premises in India. The officials received an in-depth understanding of the nuances of developing […]
The Kurdistan Regional Government's Head of Foreign Relations on Wednesday received Slovakia's Ambassador to Iraq, Miloslav Nad, to discuss the upcoming establishment of a Slovakian representative in Erbil. “The Government of the Republic of Slovakia is committed to further strengthen its relations with Kurdistan Regional Government,” said the Ambassador. He highlighted the development and progress […]
Omnnea, an Iraq-based wireless, internet and data provider, has developed the hardware and software necessary for a dual mode GSM/CDMA Tracking Device to address security issues. Omnnea is planning to offer the system to users by Q3 2012. The system is designed, developed and manufactured in Iraq. It has routine vehicle tracking features to alert […]
The following article was published by Reidar Visser, an historian of Iraq educated at the University of Oxford and currently based at the Norwegian Institute of International Affairs. It is reproduced here with the author’s permission. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. […]
Oryx Engineering Solutions (OES) is pleased to announce the official inauguration of the 1st of its kind fully integrated end-to-end engineering solutions service center, based in the heart of Ras Laffan in State of Qatar. The Centre was officially inaugurated, on behalf of H.E. Dr. Mohammed Bin Saleh Al-Sada, the Minister of Energy & Industry […]
