By John Lee. In its third-quarter results, Epic Gas says that increased LPG production at the Basrah Gas LPG plant has resulted in surplus tonnes available for export. The company said that it has recently noticed a growing number of pressure cargoes coming out from Iraq, and it expects to see this trend continue. (Source: Epic […]
By John Lee. Singapore-based Electro-Voice has supplied the sound system for the recently opened Karbala Olympic Stadium in Iraq. According to Entertainment Technology Press, audio for the project was provided by Baghdad-based APCO Electronics, which chose a sound system from Electro-Voice, including a multi-zone digital audio system, horn-loaded loudspeakers, amplifiers, microphones and wireless systems. The […]
Danish-based FLSmidth has signed a contract worth more than $200 million with the Iraqi Cement Company, to supply a total of 6,000 tonnes of cement per day to the production line for the Al Muthana region. The contract is a full EPC order, comprising engineering, all FLSmidth equipment supplies, erection and construction, as well as […]
This article was originally published by Niqash. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Sajad Saadi has dreams of becoming the next Mark Zuckerberg, the now-seriously wealthy American who helped found Facebook while he was at university. And to get that particular party started, […]
US-based technology and engineering company Emerson has officially opened its expanded facility in Al Majal Business Park in North Rumaila. The company moved from its existing facility in Albradheya, Basrah to the new facility to increase its capabilities and address the needs of its continuously expanding installed base. The Al Majal facility will serve as […]
By John Lee. Sweden's JLT Mobile Computers has announced that it has successfully delivered a total of 50 JLT VERSO 12 mobile computers to the Basra Gateway Terminal (BGT). BGT, a container and multi-purpose cargo handling facility at the port of Umm Qasr, is operated by Philippines-based International Container Terminal Services Inc. (ICTSI); it opened […]
By John Lee. In its results for the third quarter of 2016, oilfield services company Schlumberger has said that it has increased process systems deliveries in Iraq. While Middle East & Asia Area revenue declined 1% sequentially, lower activity in Indonesia, the UAE, and the South East Asia was mitigated by higher revenue in Saudi […]
US-based internet technology company Cisco has announced its role in restoring and rebuilding the Iraqi National Backbone, a multi-layer IP and optical network that spans the long terrestrial route from Iraq to Turkey. The Iraqi National Backbone is a joint venture between Symphony and EarthLink JLT, reaching most major Iraqi cities. It will be available […]
By John Lee. Dubai-based online fashion retailer Elabelz has started shipping to Iraq. According to a report from Forbes, it will "be the first pioneering player in the uncharted waters of Iraqi e-commerce market". The company, founded in May 2016, has reportedly developed a customized solution of delivery and payment for its clientele in Iraq, […]
By John Lee. German transport firm Alexander Global Logistics (AGL) has announced that it has secured a government project in Iraq. It includes a series of projects for the Ministries of Oil, Trade, Water Resources, and Health; the first project consists of transporing 20 Mercedes Benz trucks. This project will be executed in cooperation with […]
By John Lee. Canada's Newcon Optik has won a contract for "the provision of night vision monocular with training and maintenance package" in Iraq. The contract was awarded by the United Nations Office for Project Services (UNOPS), and is valued at $834,058. (Source: UNGM)
Banking Technology reports that Ideal Payments has teamed with Taif Money Transfer to launch Iraq’s “first” mobile payments app – Taif eWallet. The platform aims to create a “holistic payments ecosystem” used by multiple agents in the economy including retail merchants, ecommerce platforms, private companies, and government institutions. Ideal Payments’ local partner, Taif Money Transfer, […]
