The Iraqi Navy is on track to assume full command of protecting Iraq's vital offshore platforms within the next two years, outgoing US Navy 5th Fleet commander, Vice Admiral Bill Gortney said Monday. 'We are working very closely with the Iraqi Navy and within two years we will be ready to turn over the entire […]
Further to our report yesterday on the attack on the Kirkuk-Ceyhan Pipeline, Israel National News reports that oil started to flow again on Monday. A bomb, reportedly planted by Kurdish resistance fighters, had temporarily halted pumping on the Kirkuk to Ceyhan pipeline at the weekend. The bombing by the Kurdistan Workers’ Party (PKK) added a […]
There are obstacles that curb the execution of the Karbala-Anbar railroad, a member of the Karbala Provincial Council said on Monday. “The railroad passes through an archeological site between the two provinces,” Hussein Shadahan told Aswat al-Iraq news agency. He added that the Iraqi Transportation Ministry originally approved the project around four months ago. (Source: […]
A consortium of Turkish firms is negotiating with the authorities in the southern Iraqi Province of Missan for the construction of a 500-megawatt power plant, according to a report from Azzaman News Agency. Governor Mohammed al-Sudani said the talks were in an advanced stage and that representatives from the Turkish consortium were currently discussing the […]
The Acarsan Group, based in Gaziantep, Turkey, is set to complete the construction of five new hospitals in Iraq and hand them over to the Iraqi Health Ministry by the beginning of 2012, according to a report in Today's Zaman. In partnership with the Universal Hospitals Group network of Turkey, Acarsan won a recent tender […]
China's Xinhua News Agency is so far the only source to report on Iraq's new five-year National Development Plan (NDP), announced on Sunday. The plan targets annual economic growth of 9.4 percent and attempts to cut unemployment. The country's 2010-2014 NDP was announced in a televised event in Baghdad attended by top Iraqi officials, including […]
Turkish security sources said the flow of oil on Iraq's pipeline to the Turkish port of Ceyhan was still halted on Sunday night after a bomb blast blamed on suspected Kurdish separatist rebels the previous evening, according to a report from Reuters. AFP reports that a blast late Saturday ripped through a section of the […]
The Chief of Erbil Trade & Industrial Chamber has announced today that his Chamber has taken into consideration the strategic trade and economic relations, rather than the temporary relations, with a visiting Turkish trade delegation in Erbil. "We have demanded the latest Turkish trade delegation to take into consideration the joint long term trade relations, […]
Violence, corruption and the lack of infrastructure are seen top three risks to the businesses in Iraq, according to the findings of a survey made public on Sunday. The Economist Intelligence Unit (EIU) in its survey revealed that the top three risks to business were judged to be violence (67 percent), corruption (44 percent), and […]
The Iraqi Industry Ministry has finalized the project to rehabilitate the al-Fatiha Bridge in Baiji (Bayji), north of Tikrit city. “This bridge is considered one of the biggest, most important bridges in Iraq, because it links the two provinces of Salah al-Din and Kirkuk,” the ministry said in a statement on Sunday, received by Aswat […]
More than 120 companies and almost 100 Iraqi business and government representatives participated in a catalogue show in Baghdad on Sunday the 20th June. The event was managed and organised by Upper Quartile and co-sponsored by the U.S. Embassy Baghdad, Baghdad Provincial Reconstruction Team, and G4S. It was another first for Upper Quartile, a follow on […]
At the Turkey- Kurdistan Regional Economic Forum held this week in Erbil, Kurdish and Turkish entrepreneurs and businessmen met to discuss possible future joint investment projects in Kurdistan Region. During the meeting, Turkey's Foreign Trade Minister, Zafar Çaglayan, also declared that his country seeks to increase investment by Turkish companies in the region to US$20 […]
