State Company of Fertilizer's New Tenders
State Company of Fertilizer / South Region announces the following tenders : *Tender no : 67/T/SOF/2011/B Cooling Tower side stream filteration unit - two unit separate (One for each train) *Tender no : 13/T/SOF/2012/C Galglass 3G tanks 1000 m3 , 2000 m3 *Tender no : 24/T/SOF/2012 Lean Solution Pump (p-202 A, B) for CO2 Removal […]
Iraq's Core Inflation Slows
Trade Arabia reports that Iraq's core inflation slowed to 6.2 per cent in May, down from 6.7 per cent in April. The fall was due to a drop in the costs of food and housing said Mudher Kasim, deputy governor of the central bank. In April, the country saw high annual inflation mainly due to […]
New KRG Representation Opens in Vienna
The Kurdistan Regional Government's Head of Foreign Relations officially opened a new Representation Office in Vienna on Saturday, making it the 13th KRG representation office abroad. At the same time, Austria's Vice Chancellor and Foreign Minister announced that Austria also plans to open a representation office in Erbil as well. Minister Falah Mustafa opened the […]
16 Italian Effers for Iraq
Italian loader crane manufacturer Effer has won an order to supply 16 Effer model 440 4S cranes to Iraq's Ministry of Transport. The presentation of the first units took place at Effer's plant in Minerbio, Italy. The units were installed on Iveco trucks ordered by the Machine Technology Trading Company (MTT), headquartered in Baghdad. MTT […]
Kurdistan Bans Import of More Vegetables
The KRG's Ministry of Agriculture and Water Resources had decided to ban the importation of more vegetables and fruit in order to boost the local production, reports AKnews. From the beginning of July it will impose the ban on sunflower seeds, watermelon, melon and eggplant, said Nuri Ismael, loan and marketing director at the Ministry. […]
Iraq to Relax Terms for Gas Exploration Rights
Bloomberg reports that Iraq is to offer more attractive terms in its next auction of exploration rights for natural gas. Oil Minister Abdul Kareem al-Luaibi [Elaibi] (pictured), told the agency in an interview: “Bidding will be next year, but we will start now to prepare the data package, and we will hold a roadshow for […]
ICB Grants Licences to Private Banks for more Branches
The Iraqi Central Bank (ICB) said it is granting licences to "a limited number" of private banks to increase their branches in Iraq. Deputy governor Muzher Mohammed Saleh said more than 40 banks were granted the licences. Iraq has about 800 bank branches, and the ICB has required all banks to have at least 250 […]
Change of UK Ambassador to Iraq
Mr Simon Paul Collis has been appointed Her Majesty’s Ambassador to the Republic of Iraq. He will succeed Mr Michael Aron who will be transferring to another Diplomatic Service appointment. Mr Collis will take up his appointment at the end of June 2012. Mr Collis joined the FCO in 1978 and after studying Arabic has […]
Jordanian/Palestinian Business Delegation to Visit Erbil
AKnews reports that a joint business delegation from Jordan and Palestine will arrive in Iraqi Kurdistan Region this week for a business conference. Dara Jalil Khayyat, head of the Kurdistan Union of Chambers of Commerce and Industry, said fifteen businessmen from Jordan and two from Palestine will arrive on Tuesday, and will hold an economic […]
Iraq and Jordan Consider Gas Pipeline
UPI reports that the Iraqi and Jordanian governments plan to meet in July to discuss the building of a natural gas pipeline between the countries. As its current supplies of natural gas from Egypt are unreliable, the Jordanian government has been considering securing natural gas supplies from other neighbouring countries. Last week, Iraq approved a […]
AWB CFO Admits to Iraq Payments
The former CFO of Australia's AWB has admitted to authorising payments to Saddam Hussein's Iraqi government. According to a report in the Herald Sun, Paul John Ingleby, aged 60, admitted he failed to "join the dots" and question payments disguised as inland transport fees before approving the transactions which ultimately went to Hussein's regime. The […]
Kurdistan's Finance Minister can't Increase Housing Grants
AKnews reports that Kurdistan's Minister of Finance and Economy says he cannot afford to increase the housing grant. Bayiz Talabani [Bayiz Saeed Mohammad Talabani] (pictured) attended a budget meeting on Thursday to answer reports of parliamentary committees. Talabani said: "Now 18,000 staff and civil servants get paid from the Kurdistan Regional Government." It was suggested […]