By John Lee. India's Economic Times reports that Iraq has doubled the import duty on rice to 40 percent. An official from the All India Rice Exporters' Association (AIREA) told the news agency that the sudden increase in import duty by Iraq has come as a major blow and it is bound to impact exports […]
Special envoy of the Government of India, Ambassador Suresh K Reddy visited the KRG Department of Foreign Relations to discuss latest developments and the opening of India’s Consulate General in Kurdistan. Ambassador Reddy appreciated the continued support of the DFR for the Indian mission in Iraq and pledged to continue working with the Kurdistan Region […]
By John Lee. The State Level Bankers Committee (SLBC) in the Indian state of Kerala has reportedly agreed to the state government’s request to provide benefits to around 500 nurses who have returned from Iraq and Libya. According to a report from The Hindu, the benefits will be in the form of one-time settlements and […]
By John Lee. Crompton Greaves Ltd (CG), part of the Indian company Avantha Group, has announced a $25-million new contract win for the design, construction and delivery of 16 mobile electrical substations. The order was placed by the General Directorate for Transmission, Upper Euphrates Region, Ministry of Electricity in Iraq. The key deliverables are engineering […]
From CNN. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Indian Shiites volunteer to go to Iraq to protect their shrines from ISIS. CNN's Sumnima Udas reports.
By John Lee. Pressure is mounting in India to help repatriate 58 labourers from Gujarat who have been reportedly held hostage in Iraq by their employer. According to a report from Outlook India, the matter came to light when seven of the labourers managed to return from Iraq, and alleged that recruitment agents lured them […]
By John Lee. India's Hindustan Petroleum (HPCL) aims to increase crude imports from Iraq by 8 percent to about 65,000 bpd in the year to the end of March 2015, as it takes up better terms offered by Baghdad. The company's director of refineries, B. K. Namdeo, told Reuters that Iraq is offering 60 days' […]
By John Lee. India's Desh Bhagat University has signed a memorandum of understanding (MOU) with Iraq. While welcoming the Iraqi delegation, chancellor of the university Zora Singh (pictured) said that the aim of this educational exchange programme was to provide opportunities to the students and faculty of both countries to interact with each other on […]
By John Lee. The head of refineries at Hindustan Petroleum (HPCL) has told Reuters that Iraq is willing to double the credit period on crude sales to 60 days if Indian refiners buy more in 2014. B.K. Namdeo added: "Iraq is very positive. They are willing to raise credit period to 60 days and waive […]
By John Lee. BGR Energy Systems has signed a contract with the Ministry of Electricity for engineering, procurement and construction (EPC) of four 125-MW gas-fueled power project at Nasiriya. The Economic Times reports that the contract is valued at $246 million and includes the scope of engineering, procurement and construction services of BOP, civil works […]
By John Lee. The Wall Street Journal and Reuters report that Iraq has shortlisted 12 international companies to build the new $18-billion oil export pipeline to Jordan, the country's first such pipeline in decades. Iraq's oil ministry has chosen these companies from a list of more than 80 international firms which submitted their credentials to build […]
India is looking forward to further strengthening its relations with Iraq as an "equity partner" in areas like oil exploration and petrochemicals, the country's President, Pranab Mukherjee, said on Friday. Speaking during the visit of Iraqi Prime Minister Nouri al-Maliki, the President added: "Iraq has become India's second largest crude oil supplier. This is a […]
