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 […]
Terrorists Knock Out Asiacell Service in Nineveh
Bloomberg reports that militants have bombed an Asiacell equipment building near Mosul, damaging the mobile phone operator's network and knocking out service in some northern areas. The four attackers, some of whom wore military uniforms, held guns to the heads of security guards late on Thursday and planted four large explosives in a building housing […]
Jordan/Iraq Border Gas Exploration to Start Soon
Bloomberg reports that BP will start drilling exploratory wells at the Risha natural gas deposit in Jordan, near the border with Iraq, in the coming weeks. Jordanian Energy Ministry spokesman Fayez Abu Gaoud told the agency, “if it is proven that the volume of gas in the field is feasible for commercial purposes, the development […]
Gulfsands Updates Iraq Operations
In its latest corporate update, Gulfsands Petroleum included the following statement on its Iraqi operations: Gulfsands signed a Memorandum of Understanding in January 2005 with the Ministry of Oil in Iraq for the Maysan Gas Project in Southern Iraq, following completion of a feasibility study on the project, and is negotiating details of a definitive […]
8,000 New Houses for Zakho
The Duhok Investment Commission has licensed two housing projects comprising over 8,000 residential units in the distrit of Zakho (pictured), on the Turkish border, according to AKnews. The agency reports that Kurdistan has a shortage of 100,000 housing units, but this project is expected to meet all the requirements of Zakho. The two projects will […]
SGS Loses Iraqi Import Inspection Contract
Iraq’s Ministry of Planning has reportedly canceled its contract with Switzerland's SGS after the company allegedly failed to respond to Iraqi authorities about what they described as “sluggish work”. SGS and Iraq signed a contract in January 2011 whereby the Swiss company provides product conformity assessment services for qualifying products allowing their importation into Iraq […]