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An adviser in the outgoing Iraqi government said on Thursday that Iraq will sign eight important economic contracts with France during November. The adviser of the Minister for Foreign Affairs, Ahmad al-Shehani, told AKnews that "the Iraqi government will sign eight economic contracts next month to expand the economic transactions between the two countries". The […]
Reuters reports that French engineering group Alstom has signed a 20 million euro ($27.83 million; 33 billion iraqi dinars) contract with Iraq on Monday to rehabilitate a unit at one of its power plants. Alstom, maker of industrial power plants and high-speed trains, said in a statement it would rehabilitate a unit at the gas-fired […]
The French Ambassador to Baghdad, Boris Bouillon, said on Tuesday that he wants to remove Iraq from UN Chapter VII, despite the difficulties they face, pointing at the same time the desire of French companies to enter the Iraqi market. In an interview with Alsumaria News, the Ambassador said, “France has a strategic vision towards […]
Prime Minister Barham Salih [Barham Saleh] and France’s Ambassador to Iraq today opened a French centre for research inside Erbil Citadel, the world’s oldest continuously inhabited settlement. As well as launching the Iraq office of l’Institut Francais du Proche-Orient (IFPO - the French Institute for the Near East), Prime Minister Salih and Ambassador Boris Bouillon […]
The French Ambassador in Iraq, Boris Bouillon, announced the opening of a new consulate in the southern city of Nassiriya which is hoped to encourage French investment in Iraq. France has appointed Adel el-Kenzawy, a businessman of French-Iraqi nationality, as its consul in al-Naseriyah, Boillon told the German Press Agency. The new consulate is a […]
Bloomberg reports that French private airline Aigle Azur will start flights to Baghdad next month. France’s ambassador to Iraq, Boris Boillion, said “Aigle Azur will start flights between Paris and Baghdad in October". Aigle Azur, the oldest private airline in France, flies about 1.6 million passengers to about 30 destinations mostly around the Mediterranean and […]
Aswat al-Iraq reports that the Iraqi Industry Ministry has reached agreement with a Chinese producer to assemble 10,000 Chinese cars in Iraq. The ministry is also currently in negotiations with a French producer to assemble trucks in Iraq. IBN believes the truck-maker to be Renault. “This should be the first step toward establishing an automotive […]
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 […]
