Iraq and Syria to Complete Al-Qa'im Railway
A new agreement will see Iraq and Syria work together to complete the Al-Qa'im railway line and increase trade between the two countries, reports AKnews. The Iraqi Railways Company signed an agreement this week with Syrian Railways to construct the remainder of the railway line to reach the Iraqi border in the Al-Qa'im area, which […]
Mared Iraq Signs Contract to Distribute Shell Lubricants
Dow Jones reports that Shell Lubricants, a subsidiary of Royal Dutch Shell PLC, has signed a contract with a local Iraqi company to distribute Shell lubricants in the Iraqi market. The deal with Mared Iraq, a subsidiary of Malia Group, was signed in Erbil on Monday. Neither side gave an indication of the value of […]
Russia to Strengthen Ties with Iraq
Russian President Dmitry Medvedev (pictured) announced on Thursday that Russia would continue helping Iraq to become a democratic, independent country and to preserve its territorial integrity, something that meets the Iraqi people’s interests and is in line with regional stability and security. In a letter delivered to Iraqi Prime Minister, he also signaled Russia's readiness […]
Iraq Stock Market Report
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 1st March 2012). Please click here to download a table of listed companies and their associated ticker codes. ID1,339 / $1,469, -0.5% (weekly change). The number of weekly traded shares was 5.5 bn and the weekly trading volume was ID9.5bn ($8.1mn). ISX Company […]
ورشة عمل جديدة في واشنطن
.إستضافت وزارة الخارجية الأميركية , مكتب الدولة لشؤون العراق , ورشة عمل في واشنطن حيث اكثر من 100 شركة اميريكية مهتمة في جميع قطاعات العراق .هذه الورشة هي جزء من المبادرات الكبيرة التي تهدف الى إشتراك وتثقيف ودعم الشركات الأميركية , فضلا عن تقديم معلومات عن مناخ الأعمال التجارية المقبلة في العراق . فإنه يهدف […]
Bids Sought for New City in Anbar
Iraq's National Investment Commission (NIC) in cooperation with Anbar province and Anbar Investment Commission has announced several investment opportunities within the new Habbaniya [Habaniya] city in Anbar, with a total area of 16,000 acres: The project is a complete city and contains: 5,000 horizontal housing units; 11,000 vertical housing units; Schools (kindergartens, primary, intermediate, secondary […]
Oil Exports Slightly Down in February
Iraq’s oil exports dropped slightly in February compared to the previous month, the country's oil ministry said on Thursday. According to AKnews, Mutassam Akram, Undersecretary of the Iraqi Oil Ministry, said that February's oil exports averaged 2.106 barrels per day, down from 2.145 bpd in January. Gross revenues for February will be published at a […]
Iraq to Invite Bidders for First Phase of $6bn Mega Port
Iraq is preparing to invite bids for the building of a breakwater in the Gulf, which according to Reuters will be the first stage of construction in the giant $6 billion Grand Faw [Fao] port project. Omran Rahdi Thani, general manager of the General Company for Iraqi Ports, told the news agency that the breakwater […]
Cash Only: Why the Messy Banking Sector Endangers Iraqi Development
Iraq could be one of the richest countries in the world. Yet over three quarters of Iraqis do not have bank accounts. So where do they keep that wealth, asks this article from NIQASH, and can the Iraqi banking system be dragged into the 21st century? Any opinions expressed are those of the author, and […]
Video: New Basra Logistics City
CNN has produced a new video report on the development of Kufan Group's Basra Logistics City, which occupies the site of the former Camp Bucca [Boca] near Umm Qasr. (Source: CNN)
SAP Recruits New Iraq Executive
Business software provider SAP has recruited a new senior executive to drive business development across Iraq, according to Trade Arabia. Mohammed Al Najjar, IT consultant and entrepreneur, will spearhead the new venture. “Iraq is of considerable strategic importance to SAP, and we are honoured to be at the forefront helping the country embrace IT innovation […]
Iraqi Deputy PM Invites Indian Companies
Iraq has invited Indian companies to take part in its reconstruction programme either independently or through joint ventures with local partners, reports the Hindu Business Line. Iraqi Deputy Prime Minister, Dr Rowsch Shaways (pictured), told the Indian Minister of Commerce, Industry and Textiles, Anand Sharma, that India is committed to deepen its relations with Iraq: […]