Iraq Business News brings you the latest information on developments and opportunities in the construction & engineering industries in Iraq.
By John Lee. Exxon Mobil has begun exploration for oil in Kurdistan Region, according to a report from PUKmedia. Safeen Dezae, Spokesman for the KRG, told the news agency that the company began its first stage of exploration with the scoping of locations; the second stage will involve exploratory drilling. Regarding the impact of the […]
In response to the demands of Iraq’s rapidly expanding construction and development market RMD Kwikform has opened its first representative office in Erbil in the north of the country. The new office will act as a base for RMD Kwikform’s operations in Iraq, supporting both new and existing customers. RMD Kwikform has been involved in […]
Officials from the Dutch Ministry of Foreign Affairs and their mission in Baghdad came together in Erbil yesterday to officially open their embassy liaison office. The Secretary-General of the Dutch Ministry of Foreign Affairs, Mrs Renée Jones-Bos, was in the Kurdistan Region during the opening of the Erbil Embassy Liaison Office, which will be headed […]
SRSG Martin Kobler delivered the following addresss to the Twenty-seventh session of the Governing Council/Global Ministerial Environment Forum, in Nairobi, Kenya: I feel honoured to be here with you today at this important event. We came here to Nairobi from many different countries to discuss how we can make a difference. We care about the […]
By John Lee. The State Company for Cement Industries says cheap, low-quality imports of cement are making it hard for it to sell its products, reports Azzaman. The company’s director-general, Nasser Idris, warned that the industry might collapse without immediate state support. Idris did not say where the cement was imported from, but added that […]
By John Lee. The Iraqi outdoor billboard company Diyar Outdoor is expanding its services to neighboring Jordan through a strategic partnership with Rafed Billboards. Diyar Outdoor will start offering clients the choice of Outdoor billboards networks in Iraq and Jordan. According to the company's press release, Diyar Outdoor is the leading outdoor poster/billboard advertising company in […]
By John Lee. Iraq's deputy prime minister for energy affairs, Hussein al-Shahristani, has opened a new gas-powered electricity plant in southern Baghdad. The plant has four 125-megawatt generators and cost $219 million to build, he said. Iraq Business News understands that the plant was constructed by the Korean company Hyundai. (Source: Al-Shorfa)
By John Lee. The National Investment Commission (NIC) has announced its intention to sign a contract with the local government of Karbala province to build 40,000 houses. NIC Chairman Sami al-Araji (pictured) said the housing complex (Thifaf Karbala), will be built by the UAE-based Bloom Properties, and is expected to be completed within eights years. (Source: […]
By John Lee. Iraq's Cabinet has authorized the Oil Ministry "to sign an agreement of principles" on two key oil and natural gas pipeline projects, reports Platts. The agreement will be between the Iraqi Oil Ministry, the Iranian Oil Ministry, and the Syrian Oil and Mineral Resources Ministry, and it relates to the construction of […]
By Omar al-Shaher for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. At the restoration site of the Ottoman governor’s headquarters, known as Qishla, near the Tigris River in Baghdad, Iraqi journalist Imad al-Khafaji says, “I feel, as the work proceeds, that we […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 14th February 2013). Please click here to download a table of listed companies and their associated ticker codes. ID1,634 / $1,767 (-0.8%) (weekly change). The number of week traded shares was 36.7bn and the weekly trading volume was ID140bn ($116.6mn). ISX Company […]
Construction and engineering company Versar has announced that the United States Army Corps of Engineers, Middle East District (USACE-MED) has exercised an option year for Versar's ongoing Personal Services and Support contract in Iraq. The option year has a ceiling not to exceed a value of $4.4 million and the period of performance runs through […]
