Industry Minister Discusses Cooperation with Japanese Ambassador
Iraqi minister of Industry and Minerals, Ahmed Nasir al-Karbouli [Ahmad Nassir Al-Karbooli], pictured, met the Japanese ambassador to Baghdad, Susumu Hasegawa, this week to discuss industrial cooperation. Aswat al-Iraq reports that both sides discussed how to encourage Japanese companies to enter Iraq markets. Karbouli confirmed the desire of the ministry to benefit from Japanese expertise […]
Iraq Allocates $250m for Joint Projects with UN
Iraq has allocated $250 million to fund joint development projects with international partners in 2012, according to reports from AFP. Peter Batchelor, country director for the UN Development Programme (UNDP) in Iraq said, "for next year, 2012, the government has put aside in the federal budget $250 million ... The aim... is to use it […]
Erbil Agro Trade Fair Opens Next Week
The fourth agro-food trade fair will open in Erbil next week with 350 companies from 21 countries coming to put their products on show. Aziz Ibrahim, director of trade in the Kurdistan Regional Government (KRG)'s Ministry of Trade and Industry, told a news conference in Erbil on Thursday that there were new companies among the […]
In Erbil? Why Not!
By Chris Bowers, British Consul General in Erbil. This article was originally published by Rudaw, and is re-published with permission by Iraq Business News. Like all the best ideas, the concept for a British Film Festival in Kurdistan Region came from a chat between two friends over a few drinks a few months ago. Those […]
Iraq in $1bn Power Deals with Chinese, Korean Firms
Reuters reports that Iraq has finalised a $1.08 billion contract with the China National Machinery & Equipment Import & Export Corp (CMEC) to build a 1,260-megawatt thermal power plant. "The signing will take place next week or the week after," Laith al-Mamury, the head of investments and contracts at the ministry, said at a ceremony […]
Upper Quartile Runs Seminar on Opportunities in Iraq
In a bid to encourage firms to develop a presence in the Middle Eastern state of Iraq, Upper Quartile, in partnership with Aberdeen City Council’s International Trade and Investment team, held a seminar yesterday in Aberdeen, attracting representatives from around 20 oil and gas service companies interested in the investment opportunities available in Iraq. Over […]
UNDP Boosts Support for Iraqi People
The United Nations Development Programme (UNDP) has announced that it is boosting its partnership with the Government of Iraq and the Iraqi people. "We have tripled the number of our staff based in Iraq to 44 with further increases planned in the next year. Each and every one of them is committed to improving the […]
Giant Oil Rig Heads to Hamrin
A large oil rig has arrived in the northern oil fields around Kirkuk to start work on reclaiming old oil wells and drilling new ones, according to AKnews. The wells of the Hamrin mountains were left unused until June this year. The Iraqi Drilling Company announced the arrival of the rig on Thursday, and its […]
Shortage of Gas Stops Petrochemical Industries Company
Work has reportedly stopped at Iraq's Petrochemical Industries Company due to a shortage of natural gas. According to Aswat al-Iraq, the stoppage has caused significant financial losses. The Iraqi ministry of industry said that the company is the base for chemical industry in Iraq. The undersecretary to the Industry ministry, Maki al-Dairi, called upon Iraqi […]
Baghdad welcomes Emirates’ Inaugural Flight
Emirates Airlines touched down in Baghdad on Sunday, marking its first flight to the capital city of Iraq. Amongst the passengers onboard the inaugural was Ahmed Khoory, Emirates’ Senior Vice President Commercial Operations, Gulf, Middle East and Iran with his special guests Sheikh Jumaa Al Maktoum, Chairman SJM Group of Companies, Salah Al Ansari, Director […]
Siemens to Build 3 Electrical Transformer Stations
Azzaman news agency reports that Iraq's Ministry of Electricity has struck a deal with Siemens for the construction of three electrical transformer stations. The deal, said to be worth $76 million, is the latest in a series of contracts by the ministry to upgrade the national grid and increase the supply of electricity, which is […]
Iraq a Possible Turkey-Azerbaijan Gas Pipeline Construction Partner
Iraq may participate in the planned new gas pipeline between Azerbaijan and Turkey, according to TrendAz. An adviser to the Turkish Energy and Natural Resources Ministry told the Kurdistan Oil & Gas Conference, "Iraq's participation in this project as a gas producing country is important for us". He said the world has a growing demand […]