Najaf's government has allocated 15 billion IQD ($13 million USD) to develop Najaf International Airport, according to AKnews. The governor of Najaf, Adnan al-Zarafi told AKnews that the development plans will include updating equipment, expanding the apron and improving mechanisms for dealing with more traffic. A new committee has been formed by the Council to […]
A UAE-based wholesaler and retailer of luxury fashion brands is eyeing acquisition opportunities and joint ventures in Iraq. Tony Jashanmal (pictured), Group Director of Jashanmal National Company, said: "Yes, we are looking for acquisitions, and we have let the word out that we are indeed looking for joint ventures and acquisitions ... We're targeting the […]
Representatives of Poland’s Malopolska Region on Monday in Erbil signed a Declaration of Cooperation with the Kurdistan Region. The agreement marks a significant step in relations between Poland and Kurdistan. The declaration was signed by Mr Marek Sowa, the Marshal of Poland’s Malopolska Region, and the Kurdistan Regional Government (KRG) Minister of Trade and Industry […]
Honeywell has said it currently has $360m worth of contracts in Iraq, Dow Jones has reported. The US-based engineering firm has a contract with China National Petroleum Corporation (CNPC) to develop process control systems and fire and gas detection systems at the Ahdab oil field, Tarek Nahl, the company's Middle East sales manager, told the […]
The Iraqi Cement Company made a profit of 16 billion dinar [$13 million], according to Aswat al-Iraq. "A major success has been achieved by the Ministry of Industry Minerals and the Iraqi Cement Company," a media spokesman for the Company's Director-General, Nasser al-Madani reported. "The Company had achieved more than 16 billion (b) dinar proft […]
By Chris Bowers, British Consul General in Erbil. This article was originally published by Rudaw, and is re-published with permission by Iraq Business News. A great British poet, Samuel Coleridge, wrote in 1817 that art in its best form required a “willing suspension of disbelief”. What he meant by that is that most literature or […]
At the 'Iraq: Untapped Opportunities' conference in London last week, the Deputy Prime Minister with responsibility for energy, Dr Hussain al-Shahristani (pictured), said he expects Iraq's rate of economic growth to increase in the coming years, partly as a result fo the country's "generous benefits, guarantees and exemptions". He said that the country has averaged […]
The Russian news agency RT produced this report on corruption in the US military in Iraq: (Source: RT)
The United States is to spend more than $6 billion in Iraq in 2012 even though its forces are to withdraw from the country by the end of this year, US ambassador James Jeffrey (pictured) said on Sunday, according to AFP. US President Barack Obama announced on October 21 that the last troops would leave […]
Barham Salih [Saleh], the Prime Minister of Kurdistan's Regional Government, said he expects 12 per cent growth in the region’s economy next year. Speaking at the opening ceremony of the Sulaimaniyah Trades Fair, Salih (pictured) praised the economic boom in the Kurdistan Region. “This city [Sulaimaniyah] used to be like a military camp, a war […]
At the 'Iraq: Untapped Opportunities' conference in London last week, the Deputy Prime Minister with responsibility for energy, Dr Hussain al-Shahristani (pictured), clarified Iraq's target of producing 12 million barrels per day of crude oil. The 12 million bpd was, he said, a capacity figure, and would not necessarily mean that this quantity of oil […]
By Tavish Scott, Member of the Scottish Parliament. This article was originally published by The Scotsman, and is re-published 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. A familiar face walked across the hotel lobby. Former BP boss Tony […]
