Nine years after the war and with billions of US dollars spent, electricity is still in short supply in Iraq. The government is looking to use electricity-generating ships to meet the expected uptick in demand in the coming summer months. In electricity-strapped provinces like Basra, where the power generated by a Turkish 'floating electricity plant' […]
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Video: Iraq Tears Down Blast Walls
Crews in Baghdad pull down a series of massive concrete walls that had divided the Iraqi capital, sparking hope that life in some parts of the battle-scarred city will return to normal: (Source: Reuters)
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Nissan Opens Major Service Centre in Erbil
Aswat al-Iraq reports that Japanese auto-maker Nissan will open its biggest service center in the Middle East in May in the city of Erbil. "Iraq started to take positive steps in investment by providing appropriate [conditions]," Ahmad al-Kaswani, general director of Carzone, told the news agency. Carzone is part of the Sardar Group. (Source: Aswat […]
Philippines Considers Partial Lifting of Ban on Workers
The Philippine Department of Foreign Affairs (DFA) has reportedly recommended the partial lifting of the ban on deployment of workers to Iraq. According to GMA News, DFA spokesman Raul Hernandez said the agency has proposed to the Philippine Overseas Employment Administration (POEA) that the ban be lifted for the Kurdistan region. The DFA has yet […]
Turkey Considers Investment in Basra
The Turkish Consul in Basra, Farouk Qaimagja, and the Commercial Attache of the Turkish Embassy, met the head of Basra Investment Commission to discuss ways of boosting economic and trade cooperation. "The consul, accompanied by representatives of a number of Turkish companies, reviewed with local officials in Basra ways of attracting Turkish investments to the province […]
New $5m Abattoir for Kirkuk
Plans have been announced to build a modern abattoir outside Kirkuk City at a cost of $5 million (6 billion Iraqi dinars), according to AKnews. Falah al-Bazzaz, Chairman of Kirkuk Investment Commission, said the project is the first of its kind and will be built on a site of 40 acres. The development will also […]
Integrity Commission Refers 1088 Cases to Courts in 3 Months
Iraq's Commission on Integrity referred hundreds of cases of suspected corruption, involving 1088 suspected criminals, to the judiciary in the first quarter of this year. The total value of the frauds involved comes to $69 million (83 billion Iraqi dinars). A organisation's quarterly report breaks down the cases by region: Baghdad /Al-Rysafa: 67 cases; Al-Karkh office, […]
Petroceltic Planning to Drill in Kurdistan in 2013
In its preliminary results announcement on Thursday, Irish oil and gas exploration company Petroceltic made the following statement on its operations in Iraqi Kurdistan: Petroceltic has been considering making an investment in the highly prospective Kurdistan region of Iraq for several years. We were attracted by the prospective geology of the region, in the shape […]
Iraq "Wants to Buy Russian Arms"
Russia's Deputy Prime Minister, Dmitry Rogozin, said on Tuesday that both Libya and Iraq continue to show interest in buying Russian-made weaponry despite regime changes in these countries. According to RIA, the minister, who oversees the Russian defense industry, told reporters in Moscow: “The Libyan military leadership and the Iraqi government have shown serious interest […]
Iraq Petroleum 2012 Focuses on New Joint Ventures
The CWC Group has announced its program for the Iraq Petroleum 2012 Conference; focusing on the new joint venture partnerships in Iraq’s oil and gas industry and the best model of cooperation, this international senior level event is a must attend for industry professionals and government officials. Other key topics include: Iraq’s New Upstream Opportunities; […]
PM Visits British Housing Project in Najaf
The Iraqi Prime Minister, Mr Nouri Al Maliki visited the Copperchase – 4th Dimension Al Ghadeer Village Project on April 9th 2012. Mr Al Maliki’s visit endorses the excellent works carried out by the UK-Iraqi partnership in building low-cost housing as a part of the reconstruction efforts in the country. The Al Ghadeer Village is […]
Iraq Stock Market Report
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 26th April 2012). Please click here to download a table of listed companies and their associated ticker codes. ID1,285 / $1,402, (+0.3%) (weekly change). The number of week traded shares was 4.8 bn and the weekly trading volume was ID9.3bn ($7.8mn). ISX […]