Norwegian Company to Build Ships for Iraq
Aswat al-Iraq reports that the Iraqi Maritime Company has signed a Memorandum of Understanding (MoU) with the Norwegian company Golden Ocean to build vessels for the Ministry of Transportation. The company discussed the possibilities of building ships for Iraq either through cash or on a deferred payment basis. According to the report, he Norwegian company […]
Iraq Buys 400 Armoured Cars for Arab Summit
Iraq has received 400 Chevrolet armoured vehicles in recent days, intended to transport senior foreign officials during the Arab League summit on 29th March in Baghdad, according to AKnews. An MP from the acting Foreign Relations Committee, who wished to remain anonymous, said that the cars were purchased from a budget for the summit allocated two […]
Etihad Launches Flights to Basra
Dubai's Etihad Airways will launch flights to Basra from mid-April. “Iraq’s surging economy represents a good opportunity to add even greater depth to our schedule,” said James Hogan, Etihad Airways President and Chief Executive Officer. “Basra is an important industrial and transport hub but currently has only limited access to air services and we are delighted […]
Baghdad Allocates $17m for Surveillance Cameras
Baghdad Provincial Council has allocated 20 billion IQD (almost $17 million) from its 2012 budget to install sophisticated surveillance cameras across the province. Baghdad Council member Mohammed al-Rabee said there are not enough cameras in Baghdad currently and the stardard are poor, with cameras operating only for limited periods rather than around the clock. This […]
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 […]