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French energy infrastructure firm Alstom signed a memorandum of understanding with Iraq on Wednesday to build a power plant in southern Iraq, which is suffering a severe electricity shortfall. According to a report from AFP, Alstom is also set to renovate an existing power plant in the city of Najaf that it built 35 years […]
Markets hate uncertainty, but history has shown us that times of uncertainty create the greatest opportunities. Warren Buffett's famous saying, “be fearful when others are greedy, and be greedy when others are fearful”, is true whether referring to the stock market or to risk-taking in general. And Iraq is giving us plenty of risk and […]
France has taken a leap ahead of its rivals in the race to tap investment opportunities in Iraq by building a heavily fortified business centre and boutique hotel where businessmen can sleep, eat and work in safety, according to a report from Reuters. The complex, financed by private companies, is near the French embassy in […]
"Iraq is reviewing the offer, submitted by a group of French companies, which would develop the transportation sector in Iraq, by allowing the investment companies to develop their work in this respect," the source added.
The Iraqi agriculture ministry signed a deal with France on Thursday to purchase seven aerial crop sprayers, according to a ministry press release. “The deal is worth $30 million,” read the release as received by Aswat al-Iraq news agency. “The contract also included training Iraqi pilots and technicians in France for the flying and maintenance […]
Baghdad Secretary Saber Al Issawi said that a contract was signed with a French international consultancy company to prepare the EoI requests for Metro Baghdad project - estimated cost ~$3 billion.
Iraq Minister of Transportation Amer Abdul Jabbar Ismail said that the rentals of the ports and naval agencies and the incomes thereof from 10 to 50% in the light of the achievements in Iraqi ports.
Al-Dabbagh noted that "French companies have had a clear role in developing the economic and investment reality during the last period followed by the United States, Iran, and Britain, especially with regard to housing, construction projects and commercial goods.
A French delegation has discussed investment opportunities during a meeting with the governor of Basra.
Minister of Industry and Minerals Fawzi al-Hariri, who is visiting France met with the French Minister of Industry and representatives of a number of major French companies.
Iraq is trying to recover a 651 million euro (895 million dollar) payment from France for a consignment of Mirage F1 fighter planes that were never delivered, the cabinet’s official spokesman said. “A ministerial committee was recently formed to negotiate with the relevant French parties the recovery of 651 million Euros paid in advance under […]
