Sky's the Limit for Iraq Airports and Logistics Conference
The sky's the limit for new business opportunities, partnerships & business ventures says the organiser of the inaugural Iraq Airport Expansion, Cargo Logistics Conference and Exhibition which takes place from April 6-7, 2011, in the northern city of Erbil, Kurdistan. The event has been designed to provide a gateway for companies in the aviation, airports, […]
Salahaddin Allocates $34m to Health Sector
Salahaddin [Salah ad Din] provincial council has allocated 40 billion Iraqi dinars ($34.4m) to the development of the health sector in the province. Ammar Yusuf, the deputy chairman of the council, told AKnews that they decided to allocate this amount to support the health sector, contribute to health projects and address the deficiencies that exist […]
Egypt to Open Consulate in Basra
Egypt's ambassador to Baghdad, Kamal Shaheen, has said that he wants to re-open a consulate in Basra province soon. He told NMC that this decision reflects a desire to deepen relations with Iraq. He added that many Egyptian investors and businessmen visited Baghdad to review investment opportunities, and their next step was often to visit […]
New Wireless Internet Access for Sulaimaniyah, Mosul and Kirkuk
A new wireless broadband network is to be launched in Iraq by Fanoos Telecom. Fanoos will begin deployment of the WiMAX network in Sulaimaniyah, Mosul and Kirkuk, using the existing tower infrastructure from AsiaCell. Rollout is expected to be complete by the end of the year. The network will address both the residential and enterprise […]
Election Update: Govt Negotiations at Critical Stage
Our sources in Iraq tell us that negotiations are expected to continue late on Wednesday to decide the formation of the next Iraqi government, and it looks likely that the parliamentary session that had been postponed until Thursday will be delayed further. It is now generally accepted that Nouri al-Maliki will retain the position of […]
Iraq - the Next Tourism Hotspot
Iraq is poised to be a future tourism hotspot, reveals the new WTM Global Trends Report. The report, in association with Euromonitor International, shows Iraqi tourism is growing fast with increased airline and hotel capacity following the country’s successful attendance at World Travel Market 2009 – its first visit to a travel and tourism trade […]
$25bn Iraq Housing Deal with S. Korea
Dr. Sami Al- Araji, NIC Chairman, signed a Memorandum of Understanding in Seoul with a Korean company to build 500,000 housing units throughout Iraqi. The deal could have a possible total value of $25 billion, based on the previous information from the commission stating that each housing unit was expected to cost $50,000. Reuters reports […]
Iraq-Saudi Oil Pipeline May Be Re-Built
Iraq's Oil Ministry is studying an offer submitted by a private a Saudi company to rebuild the idled Iraq-Saudi oil export pipeline, ministry spokesman Asim Jihad told Reuters. Jihad and a representative of the Saudi firm, Ali Mahir, said the offer proposed involving Japan's Mitsubishi and a Hungarian company identified as OTV, which took part […]
World Bank Slates Iraq's Business Environment
As Iraq's politicians continue to haggle over the formation of the next government, the World Bank has issued its latest Doing Business 2011 report, and the incoming administration would do well to read it. Consider the following: Out of 183 countries monitored, Iraq ranks 166th, behind even Haiti and Zimbabwe; No business regulation reforms have […]
AAIB and Marsh Sign Exclusive Iraq Insurance Agreement
Marsh has announced that it had signed a mutually exclusive agreement with Anglo Arab Insurance Brokers, the only international broker to be licensed and registered to operate in Iraq with offices across the country. Under the terms of the agreement, Marsh and AAIB will co-operate on insurance coverage, risk management and claims handling issues for […]
Deloitte to Open Iraq Office
Global accounting and audit firm Deloitte plans to open its first office in Iraq and is working on an add-on acquisition to grow its Middle Eastern presence, according to report from Reuters. Omar Fahoum, chairman and chief executive of Deloitte Middle East, told Reuters that the company will open a branch in Baghdad in the […]
Iraq Shuns Rail to Protect Ports
Iraq’s Transport Minister has said that Iraq turned down a project to create rail links between Iraq and the Gulf states because it wanted to project Iraqi ports. He added that the border problem with Iran had hampered the clearing of sunken ships and materials in Shatt Al-Arab Waterway. “If the country is linked with […]