Iraq Business News brings you the latest information on developments and opportunities in the construction & engineering industries in Iraq.
Volvo Truck Corporation now re-establishes its presence in Iraq by signing an importer contract with the Iraqi company Zam Zam Spring General Trading. A Letter of intent has also been signed for delivery of 1,000 trucks to the Iraqi Ministry of Transport and its related state companies. The intention is to deliver trucks for operation […]
SCOP announces a new tender for supplying a welder tractor (twin arc) 400 A QT.(10) for second strategic pipeline . The country of origin for the materials should be American and the manufacturing year should not be less than 2011. Please click on this link for further information. As well SCOP announces the issuance of […]
The Middle East Association, supported by the National Investment Commission of Iraq, UK Trade & Investment and Allurentis, is pleased to announce the 2011 Iraq Trade and Investment Conference, “Iraq: Untapped Opportunities”. This conference will take place at London’s Dorchester Hotel on 22nd November. The Deputy Prime Minister for Energy, Dr. Hussain al-Shahristani, will be […]
WesternZagros Resources has announced that Sproule International Limited ("Sproule") has completed an independent audit of the Company's resource assessment for the Jeribe/Upper Dhiban reservoir interval of the Sarqala-1 well. Sarqala-1 is located in the Company's Garmian Block in the Kurdistan Region of Iraq and was drilled on the crest of the Sarqala structure. Consequently, the […]
Reuters reports that four international oil companies(IOCs) have shown an interest in developing the Nassiriyah oilfield in Iraq. A senior oil official said on Sunday that Iraq may hold a mini-auction for the largely undeveloped field, following a number of unsucessful attempts to reach agreement with foreign firms. Talks with a Japanese group led by […]
A technical committee at the Iraqi Electricity Ministry is studying the offers by international companies to set up power grids in seven Iraqi provinces, according to AKnews. A Ministry spokesman, Musab al-Mudarres, told the agency that the Ministry has began studying eight offers from international companies which hope to establish power grids in Babel, Kirkuk, Nineveh, […]
The United Kingdom's Minister for the Middle East, Alistair Burt (pictured), has described the assassination of an Iraqi journalist as deeply concerning, saying it threatened to undermine hard won freedoms. Speaking after a meeting with the Iraqi Human Rights Committee on Tuesday, he said: "I was shocked and saddened to hear of the assassination of […]
Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 8th September 2011). The RSISX index ended the week at ID1,658 / $1,840, +1.6% (weekly change). The number of weekly traded shares was 3.5bn and the weekly trading volume was ID12.3bln ($6.4mn). Non Iraqis executed 666 transactions this week: Buys - 499 transactions, ID1.8bn […]
Hilton Worldwide is set to open its first hotel in Erbil, the flourishing capital city of Iraqi Kurdistan, under a management agreement with New York based real estate developer The Claremont Group. Comprising of 200 serviced apartments, DoubleTree Suites by Hilton Erbil is expected to open at the end of 2013. The new hotel will […]
The new chairman of Basra Investment Commission (BIC), Mr. Khalaf Lafta Athafa Al- Badran, began his duties on Tuesday morning. He met the deputy-chairman of BIC, Eng. Haider Ali Fadhil, and reviewed the works of BIC and the main obstacles facing it. He also met the heads of BIC Departments and discussed the administrative structure […]
Reuters reports that Iraq's Oil Ministry has excluded American oil firm Hess Corp from competing in its 4th energy auction because the company signed deals with Iraq's northern Kurdish region. As we reported last week, Hess was one of the 41 companies pre-qualified for the auctions, but it was not included on a new list […]
Iraqi's Ministry of Electricity signed a contract on Saturday with French conglomerate Alstom to build a power generation plant in Nineveh province at a cost of approximately $94 million, according to AKnews. The Ministry said the plant will begin generating by the end of 2012. Reuters reportst that the deal requires Iraq to pay 10 […]
