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A five-year project for French engineering group Alstom to build an above-ground urban metro line in Baghdad will cost $1.5 billion [1.8 trillion Iraqi dinars] and be funded by the French government and banks, according to Reuters. The planned line will have capacity to carry 30,000 passengers an hour, will have 22 km (13 miles) […]
Iraq's Minister for Transport has said a tender to build an airport in the Middle Euphrates region is expected to be floated in October. According to Reuters, he could not give an estimated cost for the project, which will be located between the holy Shi'ite southern cities of Najaf and Kerbala, but other sources estimate […]
In an official ceremony, the Head of the Kurdistan Regional Government (KRG) Department of Foreign Relations Falah Mustafa Bakir and the Chief of Staff to the President of the Kurdistan Region Fuad Hussein opened the new representative office of the KRG in France. During his speech, Mr Bakir noted the importance of this step in […]
Following a successful and high-profile stint as France's Ambassador to Baghdad, Boris Boillon is being transferred to Tunisia. The Algerian-born Boillon has been very active in promoting the business and cultural relationship between France and Iraq, and Iraq Business News has recently reported on France's many successes in the country. At 41, Boillon is France's […]
Iraq signed deals worth $52 million with France's Schneider Electric and Areva to build 15 power distribution stations in the southern oil hub of Basra, the province's deputy governor, Ahmed Hameed, said on Sunday. Schneider Electric, has won a $29 million contract to build eight distribution stations, while Areva was awarded a $23 million deal […]
Basra's Governor, Shaltagh Aboud, signed a contract with France’s Schneider Electric on Tuesday, to build 8 power plants in the province at a reported cost of $29 million. “The projects will be implemented in cooperation with an Iraqi partner in various areas in Basra,” a media source told Aswat al-Iraq news agency. (Source: Aswat al-Iraq) […]
While Turkey is undoubtedly the country with the most companies operating in Iraq -- 270 of them, according to this recent report -- it is France that clearly takes the prize for the most active of Iraq's non-bordering countries. Iraq's National Investment Commission (NIC) says there are 123 French companies with operations in the country, […]
The French ambassador to Baghdad, Boris Bouillon (pictured), has met the governor of Anbar and the chairman of its council to discuss ways of enhancing trade and investment in the region, expressing France’s willingness to open a consulate in the province. The French ambassador, heading a delegation of French businessmen, described his visit to Anbar […]
An economic adviser in the Iraqi government said on Friday that, of all countries having companies operating in Iraq, Turkey is the best represented, followed by France. Salam al-Quraishi told AKnews that there are now 270 Turkish companies operating throughout Iraq, mostly specialized in construction of residential complexes and providing electrical power. "French companies are […]
The Russian and German ambassadors to Iraq said on Monday that their countries want to open consulates in Basra in order to develop economic relations with the provincial government. The news was announced following the two ambassadors’ visit to the governor of Basra province, Shiltagh Abboud, yesterday. The German Ambassador to Iraq, George Christian, told […]
France is expected to help Iraq and the Kurdistan Region to develop the agriculture sector, according to the French Minister of Foreign Trade who opened a French agriculture house in Erbil on Monday. Anne-Marie Idrac arrived in Erbil, the capital of Iraqi Kurdistan, after landing in Baghdad the day before in what became the first […]
A French airplane landed at Baghdad International Airport Sunday in an inaugural flight by the Aigle Azur airline, which was the first passenger plane to fly into Iraq from France in 20 years. On board of the plane was the French Trade Minister Anne-Marie Idrac, accompanied by a number of businessmen, investors and journalists on […]
