Iraq Business News brings you the latest information on developments and opportunities in the construction & engineering industries in Iraq.
Australia’s Ambassador to Iraq Ms Lyndall Sachs visited Erbil this week to exchange views with President Masoud Barzani and Prime Minister Barham Salih on political and economic developments and to discuss increasing economic relations. President Barzani met Ambassador Sachs, who reaffirmed Australia’s full support for a democratic and pluralistic Iraq and commended him on the […]
Last week Erbil hosted for the fourth time the Project Iraq construction trade exhibition, together with the Elenex Iraq energy and electricity show. This year's construction fair was the largest so far, attracting exhibitors from 20 countries and thousands of visitors. Project Iraq 2011, the 4th International Trade Exhibition for Construction & Environmental Technology for […]
The following article was published by Reidar Visser, an historian of Iraq educated at the University of Oxford and currently based at the Norwegian Institute of International Affairs. It is reproduced here with the author’s permission. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. […]
12-Year Parts and Repair Exclusive Contract to Ensure Long-Term Reliability and Overall Performance of 18 GE Gas Turbines at Arbil, Sulaimaniyah and Dohuk Power Plants in Kurdistan Region. Reinforcing its commitment to support Iraq's expanding energy infrastructure, GE has signed a multi-million dollar, multi-year agreement with Mass Global Investment Company, an independent power producer in […]
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 […]
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 […]
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 […]
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 […]
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 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 […]
