Nineveh signed more reconstruction project contracts with international firms in the past financial year than any other Iraqi province, said the provincial governor on Sunday. Athiel al-Nujaifi told AKnews that a total of 44 companies from around the have undertaken major reconstruction projects in the province in the fields of tourism, industry, public services and […]
A bid from an Emirati company to invest in one of Basra’s oil refineries to boost domestic production has won the support of the Basra Investment Commission. Haider Ali Fadel, chairman of the Commission, told AKnews on Monday that the Bin Khalid Group’s bid to increase the refinery’s production capacity to around 300,000 barrels per […]
The foundation stone was laid for a new $10m [12 billion Iraqi dinar] commercial complex and shopping centre in Erbil on Sunday. Samir Abdullah, Minister of Municipalities and Tourism of the Government of the Kurdistan Region, emphasised the importance of Kuwaiti investments in the region. Nasser Al Sayer, Chairman of the Kuwait Al-Sayer Group of […]
The Basra Investment Commission announced that it has received an offer to build 5,280 housing units in the “New Basra” City at a cost of $939 million [1100 billion Iraqi dinars]. The offer came from the al-Saqr al-Jareh [al-Saqar al-Jareh] company, whose director general, Sarah Hameed Meran, said, "The project plan includes the construction of […]
The planned single-track rail link between Iraq and Jordan will boast an annual cargo capacity of 6 million tons, an Iraqi Transport Ministry spokesman said on Sunday. Jawad al Kharsan told AKnews that initial technical and economic feasibility studies into the rail project had been conducted by both countries. He explained that talks between a […]
Iraq's Missan Oil Company has said it has formed a committee to compensate the farmers whose agricultural areas fell within the Halfaya Oil Field, east of its Amara city. “In response to the approval of the Oil Minister and the instructions of Missan Oil Company’s Director-General, a committee was formed to carry out field inspection […]
World oil prices are at reasonable levels and OPEC does not intend to reconsider its production targets at its meeting in June, Iraq's Deputy Prime Minister for energy, Hussain al-Shahristani, said on Sunday. Reuters reports that Shahristani, speaking at the launch of a new power plant project in Iraq, said he had no concern about […]
A Turkish company has been contracted to set up four new power stations in Nineveh province at an overall cost of $200 million [240 billion Iraqi dinars], a provincial energy official has announced. Muhammed Wadallah al-Jabbouri from the Nineveh directorate of energy told AKnews that the Turkish firm Lanka has been given the task of […]
A $733 million [880 billion Iraqi dinar] contract for Leighton Holdings to construct enhanced crude oil facilities in southern Iraq has been met with support from Australia's Export Finance and Insurance Corporation (EFIC). The EFIC has provided two performance bonds worth $US36.7 million to Leighton Holdings subsidiary Leighton Offshore under a bonding line provided to […]
Diwaniya council has signed memorandums of understanding with two international companies to implement a number of projects in the province, according to the Aswat al-Iraq news agency. "Chairman of the council, Jubeir al-Juburi, signed memorandums of understanding with a representative of a Korean company to build huge oil-fueled generators," said Muayad al-Ansari, a media advisor […]
A book fair exhibiting 15,000 titles has been opened in Erbil city’s Central Library. The book fair, organized by the media group Hana Group, in line with its motto “Books for all”, brings together 25 publishers from Iraq, Syria, Jordan, Saudi Arabia, Lebanon, Egypt and Iran and is expected to continue for 10 days. The […]
Arabian Reach, the UAE-based company specialising in exhibitions and events management across the region, has announced the launch of the Iraq Airports, Aviation and Logistics Consortium (IAALC) to further boost Iraq's growing logistics, freight and transportation sectors, which is seeing infrastructure investments to the tune of $50bn. As part of its operations, IAALC will be […]
