Development Work to Begin in Kut
By John Lee. A Malaysian firm has won a 71-billion Iraqi dinar ($61-million) contract to develop the southern area of Kut in Wasit [Wassit] province, according to a report from Al-Shorfa. Wasit governor Mahmoud Talal said: "The contract includes developing and rehabilitating the southern neighbourhoods of town by developing and paving streets and implementing water, […]
Hitachi Wins $240m Desalination Contract
Hitachi today announced that it has received "a comprehensive order" from the Iraqi Ministry of Municipalities and Public Works for the engineering, procurement, and construction (EPC) of a large-scale water treatment desalination plant in Basra. The winning consortium consists of three companies: Hitachi, OTV (a water processing plant manufacturer and subsidiary of the French environmental […]
Iraq Rejects all Rice Offers
By John Lee. Reuters reports that Iraq's grain board has rejected all offers in an international tender to buy at least 30,000 tonnes of rice on Friday. The tender closed on Sunday and offers had to remain valid until Thursday. According to traders, the lowest offer was $725 a tonne c&f free out (ciffo) for […]
Human Rights Recommendations from Iraqi Youth
By John Lee. The United Nations reports that, based on the conference held in Baghdad on 9th December, Iraqi youth recommend the following to the Iraqi Government: Fair Trial To establish an independent judicial board to investigate cases that were decided based on vague evidence and to ensure public re-trial. To abolish the practice of […]
Maliki Meets Croatian Deputy PM
By John Lee. Prime Minister Nouri al-Maliki received the Croatian Deputy Prime Minister and Minister of Interior, Mr. Ranko Ostojić, in his office on Thursday. During the meeting, the Prime Minister called for development of relations, particularly in the areas of security, military cooperation and construction, and stressed that Croatian companies are able to contribute […]
South Korea Wins $1.1bn Jet Fighter Deal
By John Lee. Korea Aerospace Industries (KAI) has signed a $1.1 billion contract with Iraq to export T-50 supersonic advanced jet trainer and light attack aircraft. The deal for the 24 aircraft, which includes the training of Iraqi pilots, was signed today in Baghdad by KAI's President and CEO, Ha Sung-yong, Defense Acquisition Program Administration's […]
Thales Modernises Iraq’s Air Traffic Mgt
By John Lee. Thales has signed a contract with the Iraqi Civil Aviation Authority (ICAA) for the modernisation of Iraqi airspace. The company will deliver a TopSky-ATC centre in Baghdad, this in addition to the ATC centre equipped in Basrah in 2007; it will also supply 3 latest generation RSM970S secondary radars to the ICAA, […]
Iraq Seeks to Become Regional Trade Hub
By Ayser Jabbar for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Experts in both the public and the private sectors expected Iraq to be an international free-trade area amid the increasing global variables in economics, trade and manufacturing. Administrative agent for the Transportation […]
Video: 10Yrs on, Saddam Legacy Looms over Iraq
From AFP. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. A decade after Saddam Hussein's arrest, the now-executed Iraqi dictator's legacy of conflicts, sanctions and repression still exact a heavy toll on the country:
Weekly Security Update 05 - 12 Dec 2013
By Tom Walker, Director, Assaye Risk COUNTRY SECURITY OVERVIEW Iraqi’s have born the brunt of a particularly violent week in which the key cities of Mosul, Kirkuk and Baghdad have all come under attack from high impact bombings and coordinated well-planned combined arms assaults. In what is now nearing one of the most violent […]
Majnoon Exceeds 210,000 bpd
By John Lee. The Director of the Majnoon oilfield has told Aswat al-Iraq that production at the field has exceeded 210,000 bpd. Basim Tahir added that production may be increased to 220.000 bpd at the beginning of 2014, with gas supplying Rumaila power station. Shell owns 45 percent of the venture, with Petronas owning 30 percent, […]
NZ Meat Processor Exports to Iraq
By John Lee. New Zealand-based meat processor Alliance Group said it was developing meat export opportunities in Iraq. The cooperative has just completed its first full year of exporting directly to hotels, restaurants, and catering companies in Iraq, and its exports of Pure South brand lamb have increased by about 35 percent in the past […]