Kobler Welcomes Peaceful Conduct of Elections
The Special Representative of the United Nations Secretary-General for Iraq (SRSG), Mr. Martin Kobler (pictured), congratulates the Iraqi citizens on the peaceful conduct of the Provincial Council elections. He commended the work of the Independent High Electoral Commission (IHEC), for its high level of professionalism in conducting the first elections under its full responsibility, as […]
US Security Alert: Risk of Terror Attack
The U.S. Embassy in Baghdad warns U.S. citizens of continued incidents of violence in Iraq, following the February 9 terrorist attack at Camp Hurriya, which killed eight people. Attacks, similar to what occurred on February 9, may occur at any time. The U.S. government considers the potential threat to U.S. Government personnel throughout Iraq to […]
Video: Landmark Iraq Provincial Councils Vote
From Jewish News One. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Polls have closed in Iraq in the first elections since the US troop withdrawal. Iraqis were voting to elect members of provincial councils in 12 of the country's 18 provinces: (Source: Jewish […]
Video: Iraq Votes in Test of Stability
From AFP. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Iraqis vote in the country's first polls since US troops departed, a key test of its stability in the face of a spike in attacks that has claimed more than 100 lives: (Source: AFP)
Iran's Increases Energy Cooperation with Iraq
Iranian Oil Minister, Rostam Qassemi [Qasemi] (pictured), has said that Iran is keen to expand oil cooperation with Iraq. Speaking on the sidelines of an oil conference in Tehran, he told reporters that cooperation in joint oil fields and exporting Iranian gas to Iraq are examples of the growing cooperation between the two countries, adding […]
Greek Co Wins $1bn Electricity Deal
Iraq's cabinet has approved a $1.05-billion contract with Greek power plant builder Metka, a subsidiary of the Mytilineos Group, for the construction of a combined cycle gas power plant in Anbar. According to Sky News Arabia, the station will have the capacity of 1,642 megawatts, and it is to be completed within 32 months. Reuters […]
Turkish Firm Opens New Power Plant
The new al-Hayrat [Khayrat] power plant in Karbala was officially opened on Friday. At a ceremony to mark the event, Iraq’s Deputy Prime Minister for Energy Affairs, Hussein al-Shahristani, thanked the Turkish company Calik Energy for completing the project successfully and on time. Ahmet Calik (pictured), CEO of Calik Holdings, said: "Al Hayrat energy power […]
Iraq Pays $300m to Terror Victims
By Omar al-Shaher for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Iraq has been taking initiatives to help the families of the people who died or were wounded as a result of the acts of violence that have shaken the country since […]
Iraq Stock Market Report
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 18th April 2013). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at ID1,754 / $1,897 (+3.0%) (weekly change). The number of week traded shares was 11.2bn and the weekly trading […]
Weekly Security Update
By Tom Walker, Director, Assaye Risk COUNTRY OVERVIEW After a brief week-long hiatus the intensity and number of high impact attacks against political and sectarian targets increased with bombings countrywide as Iraqis prepare to go to the polls on Saturday to vote for members of provincial councils in a ballot that will be a measure […]
A Third Maliki Govt - What would it Mean?
By Padraig O'Hannelly. Iraqis go to the polls on Saturday in the first elections since the withdrawal of US troops at the end of 2011. While these provincial elections are important in themselves, they may also serve as a barometer of public satisfaction with the government of Prime Minister Nouri al-Maliki. But the real decision […]
Indian Company Awarded $60m Electricity Contract
Avantha Group company CG (Crompton Greaves) has been awarded a $60-million contract for the turnkey construction of four high voltage GIS substations by the Electrical Transmission Project Office of the Ministry of Electricity (MOE) in Iraq. The company will design, manufacture, deliver and install the substations, thus helping upgrade and reinforce the existing 132 kV […]