Asiacell Goes for "Smallest IPO" Record
Asiacell has launched what may be the world’s smallest ever public offering, raising about US$ 8,500 through the sale of 10,000,000 shares at IQD 1 each. The subscription period started on September 14 at the Baghdad and Sulaimaniya branches of Al-Shamal Finance and Investment Bank and will continue for up to sixty days. Obviously this […]
المؤتمر والمعرض الطبي الخامس 2011
تنظم دائرة صحة الانبار مع مجموعة معن للوكالات التجارية مؤتمر ومعرض الطبي الخامس والذي سيقام على أرض المدينة السياحية في الحبانية للفترة من 23-25/11/2011 ومن خلال مشاركتكم سوف تكون تحولات طبية وفرصة حقيقية لإيجاد طرق ووسائل تعزز من تحقيق الاتفاقات الطبية والعلمية وعقود الأعمال ولخلق قفزة علمية طبية واستثمارية.
$18bn to be Invested in Zubair
According to a document obtained by Reuters from Iraq's oil ministry, Iraq's Zubair oilfield will reach its peak output target of 1.2 million barrels per day (bpd) by the start of 2017. The Zubair consortium plans to invest around $18 billion to upgrade the southern Iraqi field, spending $2.8 billion in 2011, $4.9 billion in […]
Following Iraqi Success, Petrofac and CPECC form JV
Petrofac, the international oil & gas facilities service provider, and China Petroleum Engineering & Construction Corporation (CPECC), the engineering and construction subsidiary of China National Petroleum Company (CNPC), have established a new strategic joint venture, China Petroleum Petrofac Engineering Services (CPPES). Based in Sharjah, UAE, the joint venture will provide project management and engineering services […]
Maliki Orders Formation of Iraqi Economic Body
Iraqi Prime Minister Nouri al-Maliki has ordered the formation of a Higher Council for Economic Affairs to act as a consultant on economic projects in the country, according to a report from Bloomberg. The council “will propose recommendations on economic agreements and the volume of commercial exchanges between Iraq” and countries with which it cooperates […]
Iraq Oil Output Reaches New Highs
Bloomberg reports that Iraq’s oil production rose to 2.81 million barrels a day, the highest level since the U.S.-led invasion in 2003. Output from oilfields in the Basra reached 2.113 million barrels a day, while daily production in Kirkuk stood at 697,000 barrels, the Oil Ministry said in a statement. (Source: Bloomberg)
Iraq and Jordan Agree to Ease Border Regulations
Jordan and Iraq agreed on Saturday to ease regulations at Iraqi border posts to facilitate the transport of goods, according to a report from Petra. A joint committee tasked with easing transport and trade also emphasised the importance of a rail link between the two neighbours and to carry out a memo of understanding signed […]
Iraq Recovers $116m from Saddam Officials
Iraq has recovered $116 million [139 billion Iraqi dinars] from bank accounts in France belonging to an official from ex-dictator Saddam Hussein's regime, the country's Commission on Integrity said in a statement. The Commission said the funds comprised $106 million deposited in 'French Arab Union Bank' (UBAF), a French-registered bank whose shareholders include 19 Arab […]
Inspiring Investment Opportunities for Iraq’s Energy Sector
Iraq has been devastated by severe conflict for several years. However, rebuilding Iraq will prove to be one of the biggest global investment opportunities for companies involved in the energy sector. According to a recent article in The National newspaper, Iraq sits on the third largest oil reserves in the world and pumps 2.75 million […]
Harnaz Sponsors Anbar Investment Conference
Harnaz Group is pleased to announce its strategic level sponsorship of the Al Anbar 2nd Annual International Investment Conference to be held in Istanbul, Turkey on October 24-26. Harnaz Group which operates in several sectors such as pharmaceuticals, power, construction, insurance and general trading, has achieved and maintained a leading strategic position in Iraq. With […]
FMG Iraq Fund Continues to Outperform
The FMG Iraq Fund continues to outperform world stock markets. The fund was up some +2.0% in the month of August and it has risen by +25% since its launch in May 2010. The current size of the fund is now $20 million under management. FMG offers a retail share class for a minimum investment […]
Design and Supply of Automatic FM-200 System For Pumping Station at Hadith
Design , supply of Automatic FM-200 system for electrical , control buildings pump house & booster pumps protection for K3 pumping station at Hadith. The country of origin of the materials should be from Western Europe, USA, Canada & Japan. Tenders documents may be collected (by an authorized representative of the tenderer) at SCOP's headquarter […]