Italians May Build Brick Factory in Najaf
By John Lee. Several Italian companies expressed willingness to invest in Najaf, reports AIN. According to the report, Dand Group and consortium of Italian companies are interested in building a brick factory in the province. The head of Najaf Investment Commission, Wafi al-Bahash, told the news agency: "This industrial offer deserves to be studied .. the […]
1,000 Housing Units for Maysan
By John Lee. The Governor of Maysan [Missan] province, Ali Dawai Lazim, has met the Planning Minister Ali Shukri (pictured) to discuss developments in the region. During the meeting, the Minister approved the allocation of funds to build 1,000 residential units in Maysan. (Source: AIN)
"No Deletion of Zeros" from Dinar in 2013
By John Lee. A member of the Parliamentary Finance Committee has ruled out dropping the three zeros from the Iraqi currency in 2013 because "the ground is not prepared yet". MP Majida al-Timimi told AIN: "The process of deleting zeros from the Iraqi currency in 2013 depends on the nature of the policy of the […]
Iraqi President Jalal Talabani in Hospital after Stroke
By John Lee. Iraqi President Jalal Talabani (pictured) has suffered a stroke and is being treated in hospital. A statement on his website said he was admitted on Monday night suffering from "fatigue and tiredness". His medical team is trying to stabilise him. According to the report from BBC, Mr Talabani has struggled with his […]
Kentz Wins $55m Iraq Contracts
Kentz has announced the award of three individual, reimbursable, service contracts in Iraq with a total value to the company of circa US$55 million, through its Technical Support Services business unit. Across the three projects, Kentz will provide services over the next three to four years that will oversee the development of in-plant process facilities […]
CNPC's First Crude Cargo leaves Basra for China
On December 14, the first cargo with 2 million barrels of crude oil from Iraq's Halfaya Oilfield left Basra for China, indicating that China National Petroleum Corporation (CNPC)'s Halfaya Project has entered investment payback period ahead of schedule. Halfaya Project is the first to become operational and begin investment recovery amongst the seven international projects that […]
First Boeing 777 Enhances Iraqi Airways Fleet
Iraqi Airways received the first Boeing 777 aircraft for its fleet during a delivery ceremony at the Baghdad International Airport on December 15, 2012. The ceremony was attended by the Iraqi Minister of Transportation, Mr. Hadi al-Ameri, U.S. Ambassador to Iraq Stephen Beecroft, Boeing officials Donald A. Galvanin and Alan W. Smith, as well as […]
Video: US Forces Gone, but Problems Remain
The last in a convoy of American armoured vehicles rolled across the border into Kuwait on the chilly morning of December 18, 2011, marking the completion of the US withdrawal from Iraq. One year later, many Iraqis still lack basic services such as consistent electricity and clean water, and though levels of violence are down, […]
Recycling Natural Resources into Knowledge
By Madeleine White, former teacher and educational writer and Head of Marketing, Whizz Education. This month’s announcement of closer collaboration between Europe and Iraq, coupled with last month’s WISE 2012 summit in Qatar, provides a great starting point for exploring the role of the Middle East in driving global collaboration and knowledge-share in Education. It is clear that oil […]
Iraq Stock Market Report
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 13th December 2012). Please click here to download a table of listed companies and their associated ticker codes. ID1,655 / $1,790 (+2.0%) (weekly change). The number of week traded shares was 25.5bn and the weekly trading volume was ID32.3bn ($26.9mn). Note: ISX will […]
BP Proposes Cuts to Rumaila Target
BP is said to be close to reaching a deal with Iraq to cut the final production target for the Rumaila oilfield to between 1.8 million and 2.2 million barrels per day (bpd). According to Reuters, officials from BP, the state-run South Oil Company (SOC), and the Ministry of Oil, have been in talks for […]
Iraq Takes Delivery of C-130J Super Hercules
Lockheed Martin has delivered a C-130J Super Hercules to the Iraqi Air Force at a formal ceremony this week. This is one of the initial three aircraft of a total of six C-130Js ordered by Iraq. The other two of these initial three aircraft departed yesterday for Iraq. The remaining three C-130Js will be delivered […]