There is money to be made in Iraq for companies that wish to invest in correct security measures, according to leading project management specialists Parsons Brinckerhoff. Speaking during the fourth annual Construction Week Conference in Abu Dhabi, the company’s Iraq country manager Jeff Larkin told delegates that security remained a real issue for staff working […]
A French airplane landed at Baghdad International Airport Sunday in an inaugural flight by the Aigle Azur airline, which was the first passenger plane to fly into Iraq from France in 20 years. On board of the plane was the French Trade Minister Anne-Marie Idrac, accompanied by a number of businessmen, investors and journalists on […]
The first direct flights between London and Baghdad by a private Iraqi firm will begin this week, a civil aviation official said on Sunday. Al-Naser Airlines, owned by Iraqi businessman Hussein al-Khawam, "will fly its first Baghdad-London flight on November 3, but that date is not finalised," said Nasser Hussein Badr, civil aviation director at […]
UAE-based Metito has signed a contract worth 33 billion Iraqi Dinars ($28.3 million) with Al Mustakbal Al Saeed (MSGC) for increasing its provision of potable water across Iraq. MSGC said the contract is for design and construction of Hindiyah water treatment plant located just east of the city of Karbala. The project aims to supply […]
Iraqi government-owned banks and the National Investment Commission (NIC) have signed a memorandum of understanding (MoU) on mechanisms to collect the necessary funds to build residential compounds and offer enough guarantees for investors, according to the Finance Ministry. “Minister of Finance, Baqer al-Zubaydi [Baqir Jabr Al-Zubeidi], chaired a four-hour meeting that dealt with the role […]
Egyptian property developer Arab Contractors Co has unveiled plans to open two branches in Iraq, one in Baghdad and one in Erbil, after a four-year absence from the war-torn country due to unstable security conditions, Al-Masry Al-Youm has reported. "Over the last four years, a good part of the contracting business in Iraq went to […]
Over 250 key government and industry players are expected to attend the Iraq Telecoms 2010 conference taking place in Istanbul on Tuesday 2nd to Wednesday 3rd of November. The event, fully support by the Iraqi Telecommunications Ministry, the CMC, the Iraqi Parliament and the KRG MOC, will engage key telecommunications government officials and service companies […]
Shares in Gulf Keystone Petroleum (LSE: GKP) jumped 6.5% on Monday morning following an update on theie current exploration and testing activities in the Kurdistan region of Iraq: Shaikan-3 The well is currently in the Cretaceous Garagu Formation at 1,229 metres, measured depth. Oil shows have been observed both while drilling and also in a […]
Russia's Lukoil announced on Friday that it has it awarded a 3D seismic contract at Iraq's West Qurna Phase 2 oil field to Terra Seis Trading Ltd. [Terraseis] (TSTL). TSTL has been conducting seismic exploration in Iraq since 2005 and "possesses vast operational economic and legal experience, and is well aware of the country’s natural […]
The Kurdistan Regional Government has requested declarations of interest from companies wishing to participate in tourism projects in the Dukan region (pictured). The following is the un-edited text of their announcement: Declaration to all investment companies, local and foreign businesses: Within the ongoing efforts of the Kurdistan Regional Government and direct supervision of the Directorate […]
An official in Diwaniya said on Friday evening that the Iraqi Ministry of Tourism has allocated 3.5bn Iraqi Dinars (ID) [$3m] to the rehabilitation of the Neipur [Nippur] archaeological city south of Diwaniya, 180 km south of Baghdad. Dakhil al-Kanani, the head of the Supreme Committee of the Niepur cultural festival in Diwaniya province told […]
Request for expressions of interest: Technical assistance to Kurdistan Investment Board The Kurdistan Board of Investment of the Kurdistan Regional Government (BoI - KRG) seeks professional assistance to enhance the quality of the board's evaluation process from various perspectives, including the technical review and assessment of the investment proposals submitted to the board. The main […]
