By John Lee. Egypt-based GB Auto (Ghabbour Group) has been appointed as the distributor of the Chinese-owned MG car brand in Iraq. According to Trade Arabia, the new partnership will see six MG showrooms opened across the country, in Erbil, Baghdad (on 62 St and at Baghdad Mall), Duhok, Sulaymaniyah and Basrah. Operations are expected […]
Tag Archives | Egypt
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GB Auto "ends Hyundai Representation in Iraq"
By John Lee. GB Auto (Ghabbour Group) has reportedly decided to cease its representation of Hyundai passenger cars in Iraq. According to Daily News Egypt, the company rejected Hyundai's new multi-distributor strategy, on the basis that such models never yield proper returns on investment. It adds that Hyundai had a market share of approximately 25 […]
Siemens and Orascom to rebuild Baiji Power Plant
By John Lee. Germany's Siemens and Egypt's Orascom Construction signed an agreement with Iraq’s Ministry of Electricity to rebuild Baiji 1 and Baiji 2 power plants in northern Iraq. The plants will have a combined generation capacity of 1.6 gigawatts (GW) when completed and are a major step in Siemens’ roadmap for rebuilding Iraq's power […]
Egypt keen on joining Reconstruction of Iraq
By Rasha Mahmoud for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Looking to make inroads into reconstruction projects in Libya and Iraq, Cairo kicked off its annual Builders of Egypt Forum, one of the country's biggest events in the construction industry. Egyptian Prime Minister […]
Karbala University taking steps into E-Transformation
As part of the continues support of the United Nations Development Programme (UNDP) to the University of Karbala, a workshop has been conducted for the period 1 to 5 April on the e-learning modules, gathering twenty senior officials and academics from Karbala University, as part of the technical support provided by the Public Sector Modernization […]
Iraq "inches closer to Egyptian, Jordanian Axis"
By Ahmed Gomaa for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. Cairo hosted a tripartite summit March 24, bringing together Egyptian President Abdel Fattah al-Sisi, Jordanian King Abdullah II and Iraqi Prime Minister Adel Abdul Mahdi. The summit’s final communique underlined the […]
HEESCO signs Contracts with 3 Int'l Firms
By John Lee. Iraq's Heavy Engineering Equipment State Company (HEESCO) has signed deals with three international companies in the oil, petrochemical and the marine industries: UK-based Weir Engineering Services; Czech-based KPS; Egyptian-based Petrojet. The company, established in 1963, has technological capabilities in the design, manufacturing and installation of the engineering equipment, such as the tanks, boilers, […]
Tags: Czech, Egypt, featured, HEESCO (Heavy Engineering Equipment State Company), KPS, Petrojet, United Kingdom, Weir Group
Iraq to Supply Egypt with another 12m Barrels
By John Lee. The Ministry of Oil announced the renewal of the agreement to supply Egypt with 12 million barrels of crude oil for one year. Ministry spokesman Assim Jihad said that the agreement will be renewed with the same conditions, starting from January 2018. (Source: Ministry of Oil)
Iranian Universities enter Iraq
By Zep Kalb for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. In the aftermath of the US-led invasion of Iraq in 2003, the country's educational system all but collapsed. Illiteracy rates have exploded. Universities have turned into sectarian battlegrounds. Systemic violence — including beatings, rape and […]
Tags: Al-Mustafa Al-Amin University, American University of Iraq (AUI), Baghdad University, Egypt, featured, Iran, Kuwait, Lebanon, United Kingdom, United States, Universities
Water Management is Key to Sustainable Development
Water Management is Key to Sustainable Development and Stability in the Middle East and North Africa The importance of water management for sustainable development and stability in the Middle East and North Africa is at the heart of the League of Arab States’ conference on the Sustainable Development Goals which opened in Cairo yesterday. The […]
Egypt Receives first Oil Shipment from Iraq
By John Lee. Egypt has reportedly received two million barrels of oil from Iraq today. The shipment was the first consignment from a deal reached between the countries in April, under which Iraq will supply 12 million barrels of oil annually to Egypt. (Source: Prensa Latina) (Pictured: Egyptian Petroleum Minister, Tareq al-Mulla)
Egypt Approves Deal to Import Oil from Iraq
The Egyptian Petroleum Minister, Tareq al-Mulla (pictured) has stated that the Egyptian cabinet, during its meeting on 10 April under Prime Minister Sherif Ismail, approved buying oil from Iraq and clinching a deal to import about million barrels monthly, with a total of 12 million barrels annually. Mulla added that the first oil shipment is […]