Shanghai Electricity Wins $1bn Iraq Power Contract
Reuters reports that Iraq's electricity ministry has signed a $1 billion [1.2 trillion Iraqi dinars] deal with China's Shanghai Electric on Monday to nearly double the size of a power plant south of Baghdad. The plant in the town of Zubaidiya was initially intended to have four 330 MW generators, giving a total capacity of […]
New Tender for 35km of Oil Pipelines
Iraq's Oil Pipelines Company has issued a tender for the supply of 35 km of pre-coated oil pipelines of various sizes. The deadline for the receipt of bids is 12 noon on 17th May. Please click here to download details.
Iraqi Deadline For New Oil Licences - Documents Attached
Iraq has set a deadline of 19th May for international oil companies (IOCs) to register to compete for the fourth oil bidding round, scheduled to be held later this year. Please click here to download the pre-qualification form. According to Dow Jones, Iraq had pre-qualified around 45 international companies for its three bidding rounds held […]
Will Dana Gas List in London?
Dana Gas, the UAE-headquartered gas company with operations in Iraqi Kurdistan (pictured), may be about to list its shares on the London Stock Exchange. According to a report from Reuters, the the company said the listing will provide a wider investor base and boost share value. Bloomberg, on the other hand, says Dana has yet […]
Najaf to Build "10,000 Flats" for Teachers
According to a report from Azzaman, the Province of Najaf is to build 10,000 flats to house school teachers as part of a new policy to upgrade education in schools across the province. Governor Adnan al-Zarqai said his local administration has decided to place more emphasis on developing all aspects of education in the province. […]
Iraqi PM to Visit S Korea for Economic Cooperation
Iraqi Prime Minister Nuri al-Maliki will visit South Korea next Wednesday for talks with South Korean President Lee Myung-bak over expanding bilateral cooperation, Lee' s office said Thursday. The two leaders are expected to hold substantive discussions on mutual economic cooperation at the summit talks on April 28, as South Korea has technology and experience […]
Diyala Forms a Committee to Study Foreign Investment Bids
The Governorate of Diyala has announced that it has formed a committee in order to study bids submitted by foreign investment companies intending to invest in the fields of accommodation, energy and infrastructure. In the last few months many international investment companies have considered investing in Diyala. “Diyala Governor Abdul Nasser Al Mahdawi received at […]
Swedish and Turkish Companies Consider Tikrit Investment
The governorate of Salahaddin province said on Tuesday that representatives from Swedish and Turkish companies have met with senior council officials to discuss the implementation of a variety of strategic investment projects in the province. Salahaddin Governor’s first deputy, Ahmed Abdul-Jabbar al-Karim, told AKnews that the companies concerned specialize in 'economy' and construction. “The Governor […]
Postwar Iraq: Democracy or Theocracy?
By Tariq Abdell, Iraq’s political risk analyst, Founder & CEO of Mesopotamia Insight. The opinions expressed here are those of the author, and do not necessarily reflect the views of Iraq Business News. Mr Gates, U.S. Defense Secretary, recent visit to Iraq underlines Washington's uneasiness and frustration with Baghdad's indecisiveness and lack of strategic foresight […]
Unlikely MSME Financiers Provide Islamic Microfinance for the Poor
By T. Keyzom Ngodup, co-founder and Executive Director at Ideas sYnergy, an Iraq based private sector development consulting company. Six NGO-microfinance institutions (MFIs) provide Islamic micro-financing Al-Murabaha to over 7,000 micro-enterprises, 14% of them women-owned small businesses across Anbar, Kirkuk, Ninewa, and Tikrit. Al-Takadum in Al-Anbar pioneered micro-financing based on Islamic principles in 2007 and […]
As Easy As It Gets
With the historic Arab League conference in Baghdad postponed for a second time, one might be forgiven for thinking that things were looking rather gloomy in Iraq. But the delays have more to do with turmoil outside Iraq, and while there are major challenges within the country, the recent news of oil finds and increased […]
Weekly Security Update for 20th April 2011
Overview Levels of violence rose in Iraq last week, with a particular increase in the number of attacks targeting civic employees in Baghdad. There were also clusters of violence in the cities of Fallujah, Ramadi, Mosuk and Kirkuk, as well as in the north of Babil province. The south was relatively quiet, as was most […]