The first of two new reports posted today on the IBN website puts the Iraq private banking sector under the spotlight. ‘Perspective on Iraqi private banks’ is researched and written by Ahmad Saleh and Tom Opdyke of IraqiXchange. The eight page report provides vital background data plus key stats on the sector. The second report […]
Archive | Construction & Engineering In Iraq
Iraq Business News brings you the latest information on developments and opportunities in the construction & engineering industries in Iraq.
Head of Baghdad Investment Speaks to IBN
The Chairman of the Baghdad Investment Commission, Shaker A. Shabib, spoke recently with Padraig O'Hannelly for Iraq Business News, and outlined the opportunities available in Iraq's capital: Iraq Business News: I'd like to ask you firstly about the opportunities that are available in Baghdad; we hear a lot about the oil producing regions, but what […]
Iraq Mega Projects 2011
According to U.S Energy Information Administration data, Iraq generates the majority of its revenue by exporting oil and importing about 30% of the gasoline it uses. The country is now seeking $30 billion in foreign investment to build refineries and develop oil and gas fields to avoid importing gasoline and diesel. Iraq Mega Projects 2011 […]
Tags: CWC, Iraq Mega Projects
Iraq “The Next Saudi Arabia”: MAN Trucks
Iraq’s extensive rebuilding requirements could make it “the next Saudi Arabia” for contractors and suppliers, according to an executive at MAN Trucks. Construction Weekly reports that Dave van Graan, vice president of sales at the German heavy vehicle giant, said the gradual pick up in demand for machinery to help develop Iraq has already given […]
No More Charity: Making Iraq's Economy Work
Most of Iraq’s revenue comes from oil. But natural riches may also mean fewer political freedoms and a state that behaves like a charity toward its own people. This must change, an Iraqi economist Nagih al-Obeidi argues in this article from Niqash. The economic and political theory on “rentier states” says that a nation that […]
Volvo Lands 1,000-Truck Deal 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 […]
Supply of Welding Tractor and Filling Pumps
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 […]
Iraq: Untapped Opportunities
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 […]
Tags: Allurentis, Iraq Trade and Investment Conference, MEA, Middle East Association, UK Trade and Investment
WesternZagros Announces Resources at Sarqala
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 […]
Possible Mini-Auction for Nassiriyah Oilfield
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 […]
Electricity Ministry Studies Offers for 7 Power Grids
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, […]
UK Minister Expresses Concern on Assassination of Iraqi Journalist
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 […]