Khalil Bin Abdullah Al Khonj, chairman of the Oman Chamber of Commerce and Industry (OCCI) met Habib Yousr Al Hashmi, the Chairman of the Iraqi Businessmen Union, on Tuesday, according to Oman Tribune. Al Khonji talked about exchanging visits and delegations to enhance trade and investment between the two countries, and in both the private and public […]
Mr Rolf Ulrich, the new Consul General of the Federal Republic of Germany to the Kurdistan Region, was received today by the Head of the Department of Foreign Relations, Minister Falah Mustafa Bakir. In welcoming Mr Ulrich to the Kurdistan Region, Minister Bakir assured him that the Kurdistan Regional Government (KRG) stands ready to extend […]
Since the start of the year, the Kurdistan Ministry of Planning has blacklisted seven local companies, an official said on Tuesday, according to AKnews. Ayyub Galali, head of companies classification at the ministry, told the agency that housing companies in the three provinces of Erbil, Sulaimaniya and Dohuk, have been penalized for shortcomings in their […]
AKnews reports that a primary school funded by a Kuwaiti grant of more than $2 million [2.4 billion Iraqi dinars] was opened in Karbala on Wednesday. Opening the school, the undersecretary of the education ministry said that Iraq needs more than 5,000 schools to be opened during the next year to cope with the rising […]
Najaf Provincial Council has made a preliminary agreement with a Chinese company for it to build a power station, the head of the energy committee in Najaf told AKnews. He said the $79 million [95 billion Iraqi dinars] oil-fired station will have a capacity of 100 megawatts. According to AKnews, the agreement came after the […]
The Iraqi Trade Ministry said Wednesday that the value of trade with Iran, discounting oil activities, has hit $4 billion [4.8 trillion Iraqi dinars] this year so far, according to a report from AKnews. The Director General of Foreign Economic Relations at the ministry, Hashem Hatem, told the agency that the Ministry is seeking to […]
In an effort to rebuild its ailing industrial sector, Iraq has relaunched a tender to rehabilitate 18 of its idle factories, for the second time this year, after failing to attract enough interest from foreign investors. Reuters quotes Abdul-Ghani Fakhri, director general of the investment department at the Ministry of Industry and Minerals, as saying […]
Basra province is planning to build a 3000-megawatt power generation station in a coastal area overlooking the Gulf, Basra's governor's adviser announced on Wednesday. Central regulations prevent the local provinces from contracting for power generation stations more than 30 megawatts, but the governor has called on the central government to give permission to enter direct […]
AKnews reports that Shell and Mitsubishi’s giant gas venture in Basra has been criticised for planning to sell gas to fuel-starved Iraqi power plants at too high a price. The fuel will be sold at $4.38 per million British thermal units (mbtu), less than a third of the $15/mmbtu that is charged in parts of […]
Iraq’s state-owned General Company for Car Manufacturing, which belongs to the Ministry of Industry & Minerals, has signed a contract with the Chinese Proton Company, to assemble and market 1,000 cars annually. According to the report from Aswat al-Iraq, the Iskandariya-based company has also signed a contract with the Teachers Syndicate to supply teachers with […]
The Chairman of Karbala's Provincial Council has announced that a Turkish company proposed building high-rise housing blocks to help tackle the housing crisis in the province. Mohammed al-Mussawi told Aswat al-Iraq that the company specialises in the construction of hotels and housing units. He said the Investment Commission held talks with a Turkish company to […]
The big news this week is the sacking of the Iraqi electricity minister, following the revelation that two recently-announced power generation contracts were, let's say, 'questionable'. While the idea that a government and civil service can be fooled by a website and a company presentation may seem far-fetched, bear in mind that in Iraq the […]
