Devco Signs $78.5m Deal for Sulphur Unit
Bloomberg reports that a company called Devco International has signed a $78.5 million contract to supply and install a sulphur purification system at a state-run plant in northern Iraq. The contract was for a turn-key installation of a sulfur purification system including sulfur filtration, sulfur recovery unit, and submerged combustion distillation unit. The purification unit […]
Tehran, Baghdad Bolster Industrial and Trade Ties
Iran and Iraq have agreed to increase cooperation in industry and trade, the IRNA news agency reported. Iraq's Planning Minister, Ali Yusuf al-Shukri, Industry and Minerals Minister, Ahmed Nasser Al-Karbouli, and Trade Minister, Khairallah Hassan Babike, met with Iran's Minister for Industry, Mining and Trade, Mehdi Ghazanfari, in Tehran on Monday. They agreed to hold […]
Weekly Security Update for 25th April 2012
Levels of violence rose in Iraq last week with more incidents recorded than any other week since the March 2010 election. In total, at least 84 people were killed and 206 injured in nationwide incidents – a very high figure for the country. The vast majority of incidents took place in the central region. In […]
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 […]