German Company to Operate Dock at Khour al-Zubeir
The State Company for Iraqi Ports signed an agreement on Thursday with German company Marlog to operate Dock 8 at Khour al-Zubeir [Khor al-Zubair]. The agreement includes the right to operate the dock for seven years. Incorporated in 1974 as a limited company in Düsseldorf, Germany, Marlog-LBG Logistics became a member of the IQ-Martrade Group […]
Five Companies Compete to Create Science Park in Kirkuk
The Director General of Education in Kirkuk has confirmed that 5 engineering companies are competing on the draft design for the implementation of the second phase of the Science Park, at a cost of 4.66 billion Iraqi dinars [$4 million]. The director of school buildings, Khalaf Khalil Nasif, stressed the importance of the designs regarding […]
Maysan Needs 70,000 Housing Units
The head of Maysan Investment Commission, Ra'id Sa'iy, announced that "Maysan province needs about 70,000 housing units currently". He stated to the National Iraqi News Agency (NINA): "We need the investment companies to implement cost-efficient housing projects for all levels of society." "Environmental conditions should be considered in the planning and execution of these projects," […]
Rebuilding Iraq
Housing tops Baghdad’s growing to-do list, but as work begins on infrastructure ranging from airports to sewage plants, Iraq’s modest contracting capacity is being stretched to its limits, reports Gulf News. Iraq faces mounting reconstruction needs across its housing and infrastructure sectors, yet the country’s contracting sector is struggling to maintain momentum as increasing numbers […]
Campaign to Improve Computer Literacy
ICDL GCC Foundation, the governing body and the certification authority of the International Computer Driving License program in GCC and Iraq, called on more participation from the private and semi-government businesses to support further digital awareness among all sectors of society through their Corporate Social Responsibility (CSR) programs. Everyone is ultimately a stakeholder from a […]
Gulf Keystone Commences Drilling on Sheikh Adi Block
Gulf Keystone has announced the commencement of drilling operations on its Sheikh Adi-1 exploration well effective August 4, 2010. This is the first exploration well to be drilled on the Sheikh Adi Block immediately to the west of the Company's Shaikan Block, site of last year's discovery of the giant Shaikan oil field. The Company […]
Gulf Keystone Update on Shaikan-1
Gulf Keystone has announced the results of further testing of the Butmah (1783m to 1814m) section of the Jurassic on its Shaikan-1 discovery well: Final production rates during this week's re-test were measured at 4650 bopd with an API gravity of 17.68 degrees and a gas oil ratio of 34 standard cubic feet per barrel […]
Ban Ki-moon Praises Iraqi NDP
The United Nations (UN) Secretary General Ban Ki-moon praised the Iraqi National Development Plan (NDP), encouraging the Iraqi government to work more within different levels. “I congratulate the Iraqi government for finalizing the 2010-2014 NDP,” Ki-moon said in a report on Wednesday, as reported by Aswat al-Iraq. He noted that he sees positive initiatives in […]
Iraq Signs €42m Agreement with EU
Iraq has signed a cooperation agreement with the European Union worth 42 million euro [65 billion Iraqi dinars] to develop Iraq’s institutions , a government’s official said. “An agreement has been signed with the European Union to develop the Iraqi institutions and education, health and services ministries, in addition to developing other institutions like the […]
BCOI “tender offer” off to a slow start
At the end of June, Al Ahli United Bank (AUB) announced that it was seeking to raise its stake in Commercial Bank of Iraq (BCOI) from 49% to 60% by purchasing 6.6 billion BCOI shares in the Iraq Stock Exchange (ISX). The purchases are to take place over a two-month period starting July 4, with […]
Make a Fortune in Iraq - Lord Archer
In a recent opinion piece in the Times, Lord Jeffrey Archer was enthusiastic about the opportunities to be grasped in modern Iraq: "Today [Baghdad] is a boom town, rather than a bomb site. If I were a young man, looking to make my fortune, I would be off to Iraq like a shot." " ... […]
KRG Denies US-Iraq Probe into Oil "Smuggling"
The spokesman of the Kurdistan Regional Government (KRG) has dismissed reports that a U.S.-Iraqi delegation will visit Kurdistan to investigate allegations of oil exports to Iran. Kawa Mahmoud, the KRG spokesman, told AKnews that even if the U.S. delegation arrives in the Region, the visit will be limited to issues concerning the formation of the […]