Standard Chartered Opens Branch in Iraq
BBC reports that Standard Chartered has opened a bank branch in, Baghdad. Opening the branch, Prime Minister Nouri Maliki said the move was an "indicator of trust" in Iraq's economy, adding that the UK had supported Iraq "from the beginning". The British ambassador to Iraq, Simon Collis, said the UK was dedicated to setting up […]
Conference paves way for Erbil Tourism
Travel experts and companies from around the world attended the Kurdistan International Tourism Conference in Erbil last week, paving the way for Erbil's position as Middle East Tourism Capital of 2014. The Head of the General Board of Tourism, Mawlawi Wahab made the opening remarks and welcomed the delegates who included officials from the federal […]
WFP Uses Smart Cards to Provide Cash
The UN World Food Programme (WFP) has begun to use smart cards to deliver cash assistance in Iraq to participants in its cash-for-assets projects in Baghdad, Diyala and Ninewah. Through this programme, WFP provides employment opportunities and livelihood support to Internally Displaced Persons (IDPs), returnees and other vulnerable groups. “The introduction of smart cards is […]
Agricultural Opportunities for US Businesses
A US-led business delegation comprising of a number of international companies visited Kurdistan this week to explore investment opportunities in the fast-growing region, with a focus on agriculture, food and water sectors. The delegation, led by Steven Lutes, the Director of the US-Iraq Business Initiative (USIBI) at the US Chamber of Commerce, met with the […]
Iraqi Officials Offer Excuses, not Apologies
By Mustafa al-Kadhimi for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. None of Iraq’s political factions —or officials and others with political, economic or security influence — will truly answer the question: “Have you erred?” Sometimes their response is generalized and clichéd, such […]
$600m Oil Tech University In Basra
A consortium of architecture and design firms from Michigan, USA, has been hired to design a $600 million, 2.8 million-square-foot new petroleum engineering university in Basra. CBS Detroit reports Iraq’s Minister of Higher Education and Scientific Research, Ali Al-Adeeb, has been touring projects created by the firms that are part of Icon Global Architecture Engineering […]
GEA Wins Major Contract from ENKA
Subsequent to ENKA’s contract awards to GEA Heat Exchangers for the Erbil and Sulaymaniyah power stations in the north of Iraq, the leading Turkish construction company ENKA has for the third time made a choice for two air-cooled condensers from GEA Heat Exchangers. As with the two previous power stations, the gas turbine power stations […]
Call for Change in Mindsets that Allow Violence
On International Day for the Elimination of Violence Against Women (EVAW), the Special Representative of the United Nations Secretary-General for Iraq (SRSG), Mr. Nickolay Mladenov, used the opportunity to appeal to Iraqi leaders to “take concrete steps to enact and enforce laws which prevent and respond to gender-based violence (GBV), including holding perpetrators accountable, and […]
UN Tender for Standardization Services
The United Nations Industrial Development Organization (UNIDO) has invited written proposal for Standardization Services in Iraq. For the complete information concerning the Request for Proposal (RFP) please visit the UNIDO Procurement website. (Source: UN)
Baker Hughes to Resume Operations
Baker Hughes is preparing to resume operations in Iraq after protests in Basra prompted the company to issue force majeure notices to its customers. Reuters reports that Derek Mathieson, Baker Hughes' vice president, told an investor conference: "We have initiated the resumption of operations ... Within the coming weeks, we will be working toward becoming […]
New 50,000 IQD Notes and Coins
The Central Bank of Iraq has reportedly announced the production of new 50,000 IQD bills and coins from the beginning of the New Year. The new dinar bill and coins will be printed in Arabic and Kurdish. The Bank's Deputy Governor said that they want to produce bills of higher value than the current largest […]
Tender for Polling Kits for Elections 2014
The Independent High Electoral Commission (IHEC), Republic of Iraq , invites all the interested qualified and specialized companies to participate in the tender for provision of the electoral goods and services provided below, according to the DDP Incoterms: Supplying, packing and batching of the Polling Center Kits. Supplying, packing and batching of the Polling Station […]