Oil Exports Via Turkey Resume After Sabotage
Exports of crude oil from northern Iraq via the Turkish port of Ceyhan (pictured) have resumed on Monday after a three-day halt resulting from sabotage to the pipeline network in Turkey, according to Bloomberg. Ziad Ahmad al-Obaidi, an official from the North Oil Company said the initial rate was 400,000 barrels to 500,000 bpd. Iraqi […]
Iraq has More than $60 billion in Foreign Reserves
Iraq now has over $60 billion in foreign currency reserves as a result of the country's oil sales, according to a report from Azzaman. Mudher Saleh, a consultant with Iraq's Central Bank, said the reserves are the highest in the country’s history, and are more than enough to cover the total volume of national currency […]
Zaha Hadid Architects Sign Deal for new Central Bank
Zaha Hadid joined H.E. Dr Sinan Al-Shabibi, Governor of the Central Bank of Iraq (CBI) at a ceremony to sign the agreement between the CBI and Zaha Hadid Architects (ZHA) for the design stages of the new CBI Headquarters building. The ceremony was hosted at the Victoria & Albert Museum by H.E. Dr Muhielddin Hussein […]
Basra Postpones Bid for Independence
Last year the oil-rich state of Basra announced it wanted more independence from Baghdad. This year it changed its mind. Decision makers say the timing is wrong, critics say Baghdad put locals under pressure, according to this article from NIQASH. Any opinions expressed are those of the author, and do not necessarily reflect the views […]
Midland Refineries Co Announces New Tenders
Midland Refineries Co announces for purchasing the materials as stated below: Instruments & Meters: -I/P transducer Input: 4-20 MA Output: 3-15 psi -I/P transducer Model: kux 113-xh11ad-7 Input: 4-20 MA Output : 3-15 psi Please note that the closing date is 5/3/2012 till 1 o'clock . For further information, please click here.
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 […]
London-based Assemblage Wins Baghdad Architecture Competition
UN-HABITAT, the United Nation’s agency for human settlement, has created a development competition in association with the Iraq government to help rebuild the country. Winners of the international competition are London-based architectural firm Assemblage, with their design concept that focuses on the creation of a community for 3,000 people, include residential buildings, infrastructure, schools, markets, […]
Iraqi Ministry of Agriculture buys 9 Helicopters
Iraqi Ministry of Agriculture has completed a $30 million deal to purchasing nine helicopters from a French company, according to AKnews. Kareem Tamimi, a spokesman for the ministry, said the deal was brokered initially two years ago, but did not mention the name of the company. The French company will deliver one helicopter every three […]
Kurdistan Economic Forum in Dubai
An economic forum will be held in Dubai in two months time in the hope of fostering economic development in the Kurdistan Region and attractiong more investors to the booming regional economy. Shilan Khanaqa, Kurdistan Region's representative to the United Arab Emirates told AKnews that the two-day conference will be held under the auspices of […]
$34m Nineveh Housing Project Starts
Construction has started on a $34 million (40 billion Iraqi dinar) residential project in the province of Nineveh, reports AKnews. The 560 homes will be built on an 82-acre site close to the famed waterfall cascades in northern Mosul, in a joint-effort by Iraqiya and Andalusia Construction Companies. Nineveh's Governor, Athil Nujaifi, said the project […]
Iraq Stock Market Report
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 2nd Febuary 2012). Please click here to download a table of listed companies and their associated ticker codes. Note: There will be no trading session in the ISX on Sunday, February 5, 2012, due to the religious holiday in Iraq (Maulad al Nabawi/ […]
Philippine Govt Bans Worker Deployment to Iraq
The government of the Philippines has reportedly re-imposed a total ban on the deployment of Filipino workers to Iraq. According to the Philippine Star, the Philippine Overseas Employment Administration (POEA) chief Hans Cacdac said the agency’s governing board has approved a resolution halting the deployment to Iraq. “Until the security conditions have normalized, a total […]