Supplying Steel Storage Tanks
Ministry of Industry & Minerals Alfurat State Company for chemical industries import tender announcement Tender No: 5 /T/FUR-1/ 2012 ; closing date :21-5-2012 MONDAY 12 AM, Our company is pleased to announce this tender , the specialized and experienced bidders who desire to participate can obtain the required documents from (our headquarter - commercial department located in […]
Najaf Grants 4 Investment Licences Worth $79m
Najaf Investment Committee has approved ed four new investment licences in the areas of tourism, agriculture and entertainment, worth a total of $ 78.7 million (91.7 billion IQD): an agricultural project to create an integrated farm that includes the cultivation of palm trees, olive trees and seasonal crops in addition to housing livestock of all […]
Iraq to Produce 48% of Wheat Demand
Iraq's Ministry of Agriculture will cultivate six million doumns [1.5 million hectares] of land to produce 48 percent of the country's wheat demand, according to AKnews. This is the equivalent of 2.2 million tons of wheat, said general director of investment projects at the ministry Sabah Dar'e. Iraq requires more than four million tons of […]
Maliki’s Meeting with Shahrudi in Iran
The following article was published by Reidar Visser, an historian of Iraq educated at the University of Oxford and currently based at the Norwegian Institute of International Affairs. It is reproduced here with the author’s permission. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. […]
$30m Residential Project for Wassit
Wasit Investment Commission has approved the construction of 254 houses, at a cost of $30m, in Mowafaqiya district, 30km southwest of Kut. According to the report from AKnews, the 'Residential Rescue Ship' housing project, to be launched next week, will provide basic services, including a health center, fire station and shopping centers. A Turkish-Iraqi company […]
Lukoil Mid-East Limited Announces A New Tender
Lukoil Mid East Limited , Operator of West Qurna 2 Project in Iraq, is developing West Qurna 2 oil field under the Development and Production Service Contract signed with the South Oil Company of the Iraqi Ministry of Oil. Legal entities having experience in studies on technologies of treatment , neutralization and disposal of water-based […]
Qatar National Bank (QNB) Takes Majority Stake in Mansour Bank
Qatar National Bank (QNB) Group announced that it has obtained the approval of the Central Bank of Iraq to increase its stake in Mansour Bank in Iraq from 23% to 51%. As a result of this stake increase, QNB Group will augment its representation on the Mansour Bank’s Board of Directors in proportion to its […]
Hill International Wins Business at Al Bayaa Teaching Hospital
Hill International (NYSE:HIL), the global leader in managing construction risk, announced on Monday that it has been awarded a contract by the Iraq Ministry of Higher Education and Scientific Research to provide design management and construction management services for the new Al Bayaa Teaching Hospital in Baghdad, Iraq. The three-year contract has an estimated value […]
Iraq Micro-Finance Forum in Erbil
The Government of Iraq in cooperation with UNDP Iraq, USAID-Tijara and the Consultative Group to Assist the Poor organised the Iraq Micro-Finance Forum in Erbil. The Forum’s key objectives were promoting synergy between the Government’s poverty alleviation and job creation efforts and the existing microfinance industry, enhancing service delivery by microfinance institutions to micro-small and […]
Siemens Wins Al Mussaib Power Plant Contract
Siemens has announced that it has won a major order from the Iraqi Ministry of Electricity to supply the control and instrumentation system, field equipment, and spare parts for steam turbine generators for Iraq's largest power plant at Al Mussaib [Musayyib]. The upgraded plant will be more reliable, and will have higher output and increased efficiency. […]
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 […]
WesternZagros Discovers "Giant Oil Field" at Kurdamir-2
WesternZagros Resources has announced that the mean estimate of gross unrisked contingent resources ("Mean Contingent Resources") has increased to 147 million barrels of recoverable oil (corresponding to 464 million barrels of mean estimated gross discovered oil initially in place) and the mean estimate of gross unrisked prospective resources ("Mean Prospective Resources") has increased to 1.2 […]