Turkish Company wins $700m Deal to Revive Steel Plant
The Director General of Iraq's State Company for Iron and Steel has announced a deal with a Turkish company to rehabilitate its factory at the Khor al-Zubair complex, about 45km south of Basra, according to a report from Azzaman. The plant, which was built by a french company in the early 1970s, and was once […]
ABB Wins $16m Power Order from Mass Global
ABB, the leading power and automation technology group, has won an order worth around $16 million from Mass Global Investment Company for the construction of a substation and SVC Light (static var compensator) system that will supply electricity to a new melt shop and steel rolling mill in northern Iraq. The order was received in […]
Coral Boutique Hotel to Open in Baghdad
Coral Hotels & Resorts, announced its plans to open Coral Boutique Hotel Baghdad in Iraq. The deluxe property will be operated by Coral under a management agreement with United Iraqi Trading Company. Situated in the heart of Baghdad in one of most prestigious avenues inJadriya area, the Coral Boutique Hotel Baghdad is merely 5 kilometers […]
Afren Bolsters Kurdistan Team
Afren plc announced on Wednesday several senior technical management appointments for its operations in the Kurdistan region of Iraq. Appointment of Managing Director Afren MENA Afren announces the appointment of Mr David Kennedy as Managing Director Afren MENA, who will assume responsibility for Afren's operations in the Kurdistan region of Iraq, including the major Barda […]
Iraq to Buy New Trains
Iraq has reportedly asked several international companies to submit bids for the supply of 10 passenger trains. Bloomberg reports that France's Alstom, and China's Datong Electric Locomotive Company have been invited to submit bids, as have manufacturers in Turkey, Iran and Croatia. Jawad al-Kharsan, a spokesman for the national railway company, said the winning company […]
New Air Routes from Qatar to Iraq
Myanmar and Iraq are among the highlights of Qatar Airways' announcement of launch dates for new routes in the Middle East, Africa and Asia with capacity hikes being introduced to a number of other international destinations from the carrier's Doha hub. Speaking at Arabian Travel Market (ATM), the Middle East's premier travel trade event taking […]
Genel Energy Increases Chia Surkh Stake to 60%
Genel Energy has issued the following update on its operations at the Chia Surkh block in Kurdistan: On 16 January 2012, Genel Energy plc ("Genel Energy") announced that it had entered into transactions with Forbes & Manhattan (Kurdistan) Inc. (a subsidiary of Longford Energy Inc.) ("F&M") and Petoil Petroleum to increase Genel Energy's interest in […]
DNO Almost Doubles Reserves, Publishes Annual Report
DNO International ASA, the Norwegian oil and gas company, today released its Annual Statement of Reserves setting total remaining proved and probable (2P/P50) reserves at 371.9 million barrels of oil equivalent on a working interest basis as of year-end 2011. The figure represents the Company's commercial reserves, class 1-3, under the Norwegian Petroleum Directorate classification […]
Heritage Oil Appoints Iraq Veteran as Non-Exec
Heritage Oil has announced the appointment of Colonel Mark Erwin (Retd.) as an independent Non-Executive Director of the Company with immediate effect. Mr. Erwin, aged 49, served in the United States Army for over 25 years culminating his career as the Chief of Staff of the United States Army Special Operations Command, which oversees all […]
Seminar: Doing Business in Iraq
The Middle East Association, in partnership with Eversheds LLP, is holding a seminar in London entitled “Doing Business In Iraq: Establishing A Presence And Staying Within The Law”. This seminar will take place on Tuesday 26th June, from 16:30 until 18:30. Iraq’s recent history has been dominated by conflicts and economic sanctions. But the country […]
العراق يشارك في منتدى التجارة العالمية مع الشرق الاوسط وأفريقيا وجنوب آسيا
شاركت الملحقية التجارية العراقية في الولايات المتحدة بمنتدى التجارة العالمية مع الشرق الاوسط وأفريقيا وجنوب آسيا الذي نظمته وزارة التجارة الأمريكية في جامعة ثندربرد للإدارة العالمية بمدينة كلانديل بولاية أريزونا يومي 24 و25 نيسان. وشمل المنتدى فعاليات متعددة منها 13 حلقة نقاشية شارك فيها الملحقين والمستشارين التجاريين الأمريكان في أكثر من 20 دولة منها 11 […]
Dunia Weekly Iraq Market Tracker
Advertising Feature Iraq Business News is delighted to bring you the latest Iraq Market Tracker report from Dunia Frontier Consultants. The market tracker highlights the activities and market performance of a basket of publicly traded firms who derive a significant percentage of their revenues from operations in Iraq, but are traded on foreign exchanges: a […]