Iraqi Import Tariffs Rise Sharply from March
AFP reports that Iraq will sharply raise tariffs in March in the first major reform of its customs regime since the US led coalition that ousted Saddam Hussein slashed duties. The new tariffs were detailed in 794 page document published by the Iraqi finance ministry's public commission of customs and will come in to effect […]
Citizens Demand Lower Salaries ... for Politicians
Aswat al-Iraq reports that citizens from Baghdad have called on public representatives to take salary cuts, as Prime Minister Nouri al-Maliki has done, to show their good will towards the poor. This comes as parliament prepares the federal budget draft law of 2011. As unrest sweeps the Middle East, Iraqi Prime Minister Nouri al-Maliki said […]
Marine Corps Officer Jailed for Iraq Fraud
A U.S. Marine captain who last year pleaded guilty to skimming nearly $1.7 million from government contracts in Iraq was sentenced to six years in federal prison on Monday. Eric Schmidt, aged 40, of the First Marine Division, pleaded guilty in May to conspiracy to commit wire fraud and filing a false tax return with […]
Al Khaleej may sell Sugar to Iraq
Dubai-based Al Khaleej Sugar Co. is in talks to sell white, or refined, sugar to Iraq, said General Manager Cyrus Raja. “They are in dialogue with parties for buying sugar, including Al Khaleej,” Raja told Bloomberg. According to Sucden Financial, Iraq is in the process of buying 150,000 metric tons of white sugar from private […]
Iraq Bought 300,000 Tonnes Wheat Last Week
Iraq bought 300,000 metric tons of wheat from Australia and the U.S. last week, Reuters reports, citing traders in the Middle East. Iraq purchased 250,000 tons of the grain grown in Australia and 50,000 tons of U.S. wheat, according to the report. The government issued another tender for 100,000 tons yesterday. Traders expected Iraq to […]
40,000 tons of Rice Arrives at Umm Qasr
Basra’s port of Umm Qasr received a shipment of more than 40,000 tons of rice on Sunday. According to the head of public relations at Iraq's ports department, Anmar al-Safi, the shipment was for the Ministry of Trade. “The ship Captain Hady from the Bahamas anchored at a quay in Umm Qasr with 40,045 tons […]
Northern Gas Company Tenders
Iraq’s Ministry of Oil has issued a tender for the supply of a wide range of spares and chemicals for the North Gas Company in Kirkuk. Please click on the following links to download the tender documents. The items, in the order of closing date for receipt of bids: 16th February (3pm): spares for demineralization […]
Ministry of Oil Tender for DocuWare
The Ministry of Oil’s Training and Development Directorate has re-issued a tender for the supply and installation of a DocuWare document archiving system. Please click here to download the tender document. The revised closing date for receipt of bids is 12:00 noon on 13th March.
Tender for Control System at Samawa Depot
The Ministry of Oil's State Company for Oil Projects has issued a tender for a "supply and design control system (PLC)" for the Samawa depot. Please click here to download the tender document. The closing date for receipt of bids is 12:00 noon on 24th February.
Water Treatment Plant Tender at Aumara
The Ministry of Oil’s State Company for Oil Projects has issued a tender for the design, supply, and installation of a water intake and treatment system at its Aumara depot. Please click here to download the tender document. The closing date for receipt of bids is 12:00 noon on 23rd March.
Unrest in Iraq - the Risk of Contagion
With unrest in several Arab cities, many in the region are worried about the risk of contagion. The latest flashpoints are Egypt, Tunisia, Yemen, Jordan and Algeria; but is Iraq vulnerable as well? The people certainly have a lot to complain about. Electricity The heat and increased use of air conditioning put a major strain […]
ISX is region’s second best performer
With a year-to-date return of 14.6% as of February 7, the Rabee Securities RSISX index is the region’s second best performer so far this year. Only Iran’s TEPIX index, up 16.4%, did better. Regional stock markets have generally mirrored the lackluster performance of the Morgan Stanley global emerging markets index, which is down 1.8% year-to-date. […]