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During the ATC Global exhibition in Dubai, France's Thales announced that it has been awarded a contract to supply one Instrument landing system with distance measuring equipment (ILS/DME) and all related services for Najaf Al-Ashraf International Airport in Najaf. The city of Najaf, situated in southern Iraq is the site of the Imam Ali Shrine […]
By John Lee. A spokesman for Iraq's Ministry of Industry and Minerals has said that the ministry is about to finalise a partnership contract with French company Total to set up a giant petrochemical project in Basra province. Abdul Wahid al-Shammari made the comments following a visit by the company's representative in Baghdad. He said the […]
By John Lee. A meeting of the Iraqi cabinet on Tuesday authorised the Minister of Industry and Minerals to negotiate with the French company Lafarge concerning investment in the Karbala cement plant (pictured). The Minister will put the results of the negotiation to the Prime Minister for approval. (Source: Office of the Prime Minister)
By John Lee. Oil Minister Adel Abdel Mahdi [Adil Abd Al-Mahdi] met on Sunday with a delegation from the French oil company Total, lead by Mr. Pascal Carrier. The Minister confirmed that Iraq is keen to foster relations with companies such as Total, and aims to expand cooperation in the field of oil and energy […]
From AFP. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Archbishop of Lyon Monseigneur Philippe Barbarin visited Erbil, Kurdistan region in northern Iraq, to participate in the opening ceremony of the Saint-Irénée school for Iraqi children who fled Mosul after IS militants took control […]
Renault Trucks has signed up Iraq’s Sunflower General Trading Company as the sole distributor for the French truck manufacturer in Iraq, excluding Kurdistan. Sunflower General Trading Company is one of the main business partners of the State Company for Automotive Industry (SCAI), and truck distributors in Iraq. The partnership will allow Sunflower to expand its […]
By John Lee. The US Supreme Court has rejected an attempt by Iraq to revive a lawsuit against companies for allegedly conspiring with Saddam Hussein's government to subvert the United Nations oil-for-food program. According to the Reuters report, more than 80 companies and other entities were named as defendants in the 2008 lawsuit over the […]
The newly appointed KRG Representative to France, Mr. Dara Bakir Salih, has begun his mission. Minister Falah Mustafa Bakir, Head of the Department of Foreign Relations, arrived in Paris today to oversee the handover of the Representation from Ms. Khaman Zirar, the former Representative, to Mr. Salih, the new Representative. During the handover ceremony, Minister […]
By John Lee. A French government spokesman has confirmed that an international meeting on the conflicts in Iraq and Syria will take place in Paris on 2nd June. French Foreign Minister Laurent Fabius, US Secretary of State John Kerry and Iraqi Prime Minister Haidar Al-Abadi are to co-chair the meeting. According to a report from […]
By John Lee. The French retailer Groupe Auchan has announced that its hypermarket in Erbil has closed down. The company described the closure as a "non-anticipated decision ... by the SI Retail shareholders, the English-law firm managing locally the hypermarket, due to the difficult situation encountered in the country." SI Retail signed an Auchan franchise […]
By John Lee. France's Technip, in partnership with UNICO, a Japanese engineering consultant, has been awarded a Project Management Consultancy (PMC) contract on a reimbursable basis, for the upgrading of the Basra refinery. This contract, awarded by Ministry of Oil's South Refineries Company (SRC), covers the engineering, procurement, construction, commissioning, start-up and warranty management phase […]
The International Finance Corporation (IFC), a member of the World Bank Group, is investing up to $18 million in Saudi dairy company Al Safi Danone’s Iraq-based subsidiary, to expand its operations in order to improve domestic food security, boost Iraq’s non-oil sector, and reduce its reliance on imported dairy products. IFC’s long-term investment, which is […]
