Three Stadiums to Be Built in Baghdad
Three sports stadiums are set to be built in Baghdad under plans announced by Kamel Braihi, the director of the engineering and technical department in Iraq's Ministry of Youth and Sports, reports AKnews. He said the three stadiums, to be built to international standards, will be constructed in Sadr City, Rusafa and Tajiyyat. The contract for […]
Iraq to Increase Oil Exports to Jordan
The Iraqi Oil Ministry announced on Sunday that it sdecided to implement a deal made with Jordan in August to raise the level of oil production to between 10,000 and 15,000 bpd. Falah al-Amiri, the Director General of SOMO, the State Oil Marketing Organization, told AKnews that the Iraqi government decided to form a committee […]
Gulf Keystone Update - Shaikan-4 Results 'Excellent'
Gulf Keystone has just issued an update on its ongoing exploration and appraisal programme in the Kurdistan Region of Iraq, which includes the Shaikan block, a major discovery with independently audited gross oil-in-place volumes of between 8 billion barrels to 13.4 billion barrels calculated on the P90 to P10 basis, with a mean value of […]
Iraq Aims to Increase Gold Production
According to Iraq's own data, aside from possessing the world's second largest crude oil reserves, the country also possesses important gold and diamond reserves. The Iraqi government is thus hopeful that gold mining can be an increasingly profitable venture for the country. According to officials in Baghdad, Iraq has huge gold producing potential. Nevertheless, senior […]
Gulftainer's Iraq Container Terminal at Umm Qasr
In addition to the Iraq Container Terminal in Umm Qasr port, Basrah Province, the Gulftainer Group is fully engaged in Iraq aiming to provide the port, transport and logistics links so necessary to assist in ef cient redevelopment – all the way from Zakho in the North (on the Turkish border) to Umm Qasr in the […]
Iraq Stock Market Report
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 8st March 2012). Please click here to download a table of listed companies and their associated ticker codes. ID1,343 / $1,474, +0.3% (weekly change). The number of weekly traded shares was 16.1 bn and the weekly trading volume was ID25.8bn ($21.8mn). ISX […]
ABB Wins Generator Deal at Shell/Mitsubishi Gas Project
Shell has announced that it has granted a $63 million contract to build an electricity generation plant for its gas capture project southern Iraq to Swiss engineer ABB Ltd. Jasser Hanter, general director of the Shell gas project, told reporters that ABB will build two 25 megawatt power plants at Khor al Zubair. The $17 […]
Kurdistan President Tasks New PM to Form Cabinet
Kurdistan Region's President Masoud Barzani on Wednesday, 7 March, confirmed Nechirvan Idris Barzani as the new Prime Minister of the Kurdistan Regional Government and tasked him to form the 7th Cabinet. This follows the decision on February 17 by the Kurdistan Parliament to nominate Nechirvan Barzani for the post of prime minister and Imad Ahmed […]
Path Solutions Implements Islamic Banking Solution at Cihan
Path Solutions has announced the successful go live of iMAL at Cihan Bank, Erbil. Cihan, the first privately owned bank in Kurdistan first partnered with Path Solutions in October 2009 on this multi-lingual, multi-currency and multi-channel implementation. Specifically in this deployment, Path Solutions implemented the following scope in line with the bank’s expectations: Retail Financing, […]
Harris Corp Wins $51m Iraqi Order
Harris Corporation (NYSE:HRS), an international communications and information technology company, has received a $51 million order from the Government of Iraq to provide high-performance tactical communication solutions for a range of security missions. Iraq is acquiring radios and accessories from both the Harris Falcon II and Falcon III families for its security forces. As part […]
Video: Rabee's Shwan Taha Interviewed
Shwan Taha, chairman of Rabee Securities, talks about foreign-investment opportunities in the Iraqi Stock Exchange. Taha speaks on Bloomberg Television's "InBusiness with Margaret Brennan." (Source: Bloomberg)
Iraq Invests $4m in Film Industry
As part of the celebrations for Baghdad being named as the capital of Arab culture for 2013, Iraq will invest 5 billion Iraqi dinars ($4.2 million) in its film industry, according to a report from Variety Arabia. Dr Shafiq Mahdi, the director general of the department of Cinema and Theatre, announced that the department has approved […]