Iraq Re-Invites Bids for 44,000 Tons of Steel Products
By John Lee. Iraq has reportedly re-invited bidders to supply 44,000 metric tons of steel products, having received no bids when it first sought offers a month ago. The products include plain galvanized sheets and hollow window sections, said Trade Ministry spokeswoman Fawziyeh Hameed. According to a report from Bloomberg, the deadlines for bids are: […]
Details Nearly Finalised for Diwaniya Housing Project
By Padraig O'Hannelly. Early last year, Iraq Business News interviewed Mohammed Alkhouzai, the head AMH Group, which, which along with a consortium of multinational companies was preparing to break ground on an exciting new project to build more than 10,000 housing units in Diwaniya. I spoke recently with Mr Alkhouzai, who confirmed that they are […]
Saudi Companies Keen to Invest in Kurdistan
By John Lee. Several Saudi companies have expressed a desire to invest in the Kurdistan Region. Assaf Ben Nasser, President of Administration & Human Resources of the Western Region and General manager of several factories in Saudi Arabia, and Abdulaziz Ben Othaymeen, a Saudi businessmen, told Puk Media that the commercial, industrial and investment markets […]
KRG Head of Foreign Relations meets British Ministers
Minister Falah Mustafa, the Kurdistan Regional Government's Head of Foreign Relations, met Lord Howell, Foreign Office Minister in the House of Lords, in London. He also met other ministers and British parliamentarians, and thanked them for their support for the Kurdistan Region. Minister Mustafa and Lord Howell discussed ways of deepening the already good relations […]
Leighton Executive Sacked in Probe into Iraq Bribery
By John Lee. Australian construction group Leighton Holdings has sacked a senior manager, whom it did not name, as part of its probe into allegations of bribery related to its $1.3 billion of oil contracts in Iraq. The company said "its internal review of the Iraq projects undertaken by its subsidiary, Leighton Offshore Pte Limited, […]
KRG and Turkey Cooperate to Increase Erbil Power Plant Output
KRG Prime Minister Nechirvan Barzani on Thursday inaugurated the first electricity plant anywhere in Iraq to be converted to a combined cycle system. The conversion will increase the amount of electricity produced without using extra fuel to run the plant, to support the growing electricity needs of the Kurdistan Region and Iraq. Speaking at the […]
400 Australian Scholarships for Iraqis
The Iraqi Higher Education and Scientific Research Minister, Ali Al Adeeb, has confirmed its agreement with Australia to grant 400 masters and Ph.D scholarships for Iraqi students in majors such as medicine, engineering, science and agriculture, according to a report from Alsumaria TV. On Friday he met with the Education Minister of Victoria state, an […]
Iraq Stock Market Report
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 5th July 2012). Please click here to download a table of listed companies and their associated ticker codes. ID1,310 / $1.429, (-0.8%) (weekly change). The number of week traded shares was 15.3bn and the weekly trading volume was ID21.7bn ($18.3mn). ISX Company […]
Iraq 1H Oil Exports Exceed $45 billion
The spokesman of the Ministry of Oil, Assem Jihad, told Alsumaria News on Sunday that Iraq has exported more than $45 billion worth of oil in the first half of the 2012. Jihad said that "the surplus in the budget for Iraq will reflect positively on the Iraqi economy and thus help the government create […]
Iraq to Export Liquified Gas by End-2013
Iraq's Oil Ministry spokesman, Assem Jihad, said he expects that liquidified gas will be exported from Iraq by the end of next year. Acccording to a report from Aswat al-Iraq, the spokesman pointed out that dry gas will be exported by 2017, and said Shell confirmed that Iraq is burning about 700 million cubic feet […]
$515m Investment Licences Granted in Baghdad
The Chairman of Baghdad Investment Commission, Shaker al-Zamili [Shaker A Shabib] (pictured), has announced that five investment licences worth $515 million have been granted: a residential complex in Ghazaliya for employees of the Office of the Financial Supervision; a residential complex in Zafaraniya; a gynecological hospital in Cairo neighbourhood; a surgical hospital in Waziriya; a […]
Electricity Production to Hit New Record in July
Iraq's Ministry of Electricity has announced that it was producing at a rate of 8,027 MW at the end of June, "the highest since the foundation of the MoE". Spokesperson Musab al-Mudaris said that production would increase to "up to" (sic) 9,000 MW by end of July. According to the report from AIN, this compares […]