The Najaf Investment Commission has granted three investment licences worth a total of $233m [273 billion Iraqi dinars] to two Iraqi companies and a Turkish company. The head of the board, Wafi Albhash, told AKnews that the Turkish company was granted an investment license for a housing project worth $ 218 million. A licence to […]
The business associations and economic organizations in Basra, in collaboration with the International Private Projects Center, have held a conference to review the problems experienced by the private transport sector in the province. Abdul Saleh Saheb, the supervisor of the Conference and Vice-President of Businessmen's Union, told AKnews that the conference aims to review the […]
Dana Gas PJSC, the Middle East’s largest regional private sector natural gas company, has announced its financial results for the quarter ended 30th September 2010. In the Kurdistan Region of Iraq, Dana Gas, through its 40% share, produced 1.2 million boe of gas and condensate during the quarter, an increase of approximately 72% over the […]
The group of US investors held talks with local officials in Basra about establishing a tourist project on Sindbad Island [Sinbad Island], a source told Aswat al-Iraq news agency on Wednesday. A delegation from the group discussed the project with Basra's Governor, Shaltagh Abboud, and Deputy Chairman of Basra Council, Ahmad al-Sulieti. “The project includes […]
The University of Salford, in the United Kingdom, is to work with the University of Basra, Iraq, to set up a centre for research in the built environment, with the aim of providing skills and knowledge as the country seeks to rebuild. As the UK’s leading research centre for built environment, Salford will help the […]
The Prime Minister of the Kurdistan Regional Government, Barham Ahmed Salih [Barham Saleh], laid the cornerstone of the second largest shopping complex in Kurdistan. The ceremony in the city of Sulaimaniyah city underlined the region's growing economic power. The complex will be built by the Kurdish investment group, Hiwa [Hewa], owned by Ahmed Majidi, who […]
Iraqi gas is unlikely to be exported to Europe via the planned Nabucco pipeline before 2020, London-based consultant Jennifer Coolidge said on Tuesday. According to the Calgary Herald, Coolidge told a roundtable at the European Autumn Gas Conference: "It might not be . . . until sometime after 2020 when large exports could be coming […]
Iraq Mega Projects 2010 Conference & Exhibition took place in Istanbul, Turkey, on 26-28 October. The event promised to be the gathering for service companies to meet the mega project holders; this did not fail to live up to expectation. Representatives of the contract holders came as delegates to support the gathering, though low profile […]
The sky's the limit for new business opportunities, partnerships & business ventures says the organiser of the inaugural Iraq Airport Expansion, Cargo Logistics Conference and Exhibition which takes place from April 6-7, 2011, in the northern city of Erbil, Kurdistan. The event has been designed to provide a gateway for companies in the aviation, airports, […]
Salahaddin [Salah ad Din] provincial council has allocated 40 billion Iraqi dinars ($34.4m) to the development of the health sector in the province. Ammar Yusuf, the deputy chairman of the council, told AKnews that they decided to allocate this amount to support the health sector, contribute to health projects and address the deficiencies that exist […]
Egypt's ambassador to Baghdad, Kamal Shaheen, has said that he wants to re-open a consulate in Basra province soon. He told NMC that this decision reflects a desire to deepen relations with Iraq. He added that many Egyptian investors and businessmen visited Baghdad to review investment opportunities, and their next step was often to visit […]
A new wireless broadband network is to be launched in Iraq by Fanoos Telecom. Fanoos will begin deployment of the WiMAX network in Sulaimaniyah, Mosul and Kirkuk, using the existing tower infrastructure from AsiaCell. Rollout is expected to be complete by the end of the year. The network will address both the residential and enterprise […]
