A 3,000 acre industrial town is to be built in the Arbat district of Sulaymaniyah Governorate, according to a report from AKnews. Sulaymaniyah Investment Commission met with a number of private companies this week to discuss the master plan for "The Industrial Town of Arbat District", which will involve an initial investment of $3 billion […]
Tag Archives | Iran
The latest news on Iran – Iraq business – gas, oil & electricity Industries & more – brought to you by Iraq Business News
Iranian Company to Repair Iraqi Trains
AKnews reports that Iraq's Transport Ministry has officially agreed to award the contract for refurbishing 50 Iraqi trains to the Iranian Wadi al-Bar Company. A spokesman for Iraq's railways told the agency that the company will repair the trains and carry out maintenance at the rail depot and workshop at Samawa (pictured). The Transport Ministry […]
Iran's Sunir Wins $72m Deal for Dibis Power Station
Iraq signed a $72 million deal with Iranian firm Sunir [Sanir] to expand the Dibis power plant in northern Kirkuk province by 320 megawatts, according to Bloomberg. The company will install two gas units, each with a capacity of 160 megawatts. The units were purchased from Siemens in 2008, and will be installed in just over […]
New Iranian Development Contracts in Wassit
The deputy chairman of Wassit provincial council, Mehdi al-Mussawi, told Aswat al-Iraq that it has signed a memorandum of understanding (MOU) with an Iranian company to build a 500-megawatt power station on a deferred payment basis, in addition to a 400-bed hospital and 5000 flats housing complex. The MOU, which the approval of the electricity […]
Iranian Invasion: Karbala’s Hotel Owners Fighting for their Livelihood
Karbala relies heavily on Iranian pilgrims to important religious sites in the area. But hotel owners are crying foul: they say Iranians are openly monopolizing tourism in Karbala and covertly buying up local properties, according to this article from Niqash. Any opinions expressed are those of the author, and do not necessarily reflect the views […]
Iranian Company to Develop Iraqi Railways
Iraq's Transport Ministry has agreed in principle to award the business to develop and maintain its damaged railway system to with 'Vadi Albar' company, reports AKnews. The agreement comes after extensive talks between the state-owned Railways Company and Vadi Albar in Iran about the revival of Iraq's railway system and the maintenance of 219 trains […]
Iranian Company Fails to Complete Power Plant
Iraq's Electricity Ministry has criticized the Iranian company Sanir [Sunir] for its alleged failure to complete the construction of the Sadr gas power plant in Baghdad, reports AKnews. Ministry spokesman Musab al-Mudarres said that the complex still does not have distribution centers, control centers, management chambers and housing facilities. "The Electricity Ministry did not fail […]
Weekly Security Update for 19th October 2011
At least 76 people were killed and 184 injured in nationwide attacks in Iraq last week. This is a rise from the previous week and largely attributable to a series of attacks in Baghdad. A series of bombing and suicide attacks targeting the police in the capital left numerous people dead on 12 October. The […]
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Weekly Security Update for 12th October 2011
Levels of violence fell slightly in Iraq over the past week, with incidents concentrated in Baghdad, Mosul, and an arc stretching from Taji in Salah ad-Din province to Ba’qubah in Diyala province. Ta’mim province also saw a scattering of incidents while there was at least one successful attack and one prevented in Basrah province. The […]
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Iranian Company to Rehabilitate Iraq's Rail System
AKnews reports that an Iranian company called Waxon Park is going to invest in the Iraqi Republic Railways Company (IRR). Jawad al-Kharsani, spokesman for the Iraqi Transport Ministry, said that Waxon Park will first rehabilitate the factory in Samawa and then the railway system and rolling stock. "We have not yet outlined the final costs […]
Conditions Improve in Iraq
Despite Monday’s deadly attack against a police facility in Anbar province, overall levels of violence declined in Iraq over recent months. At least 676 people were killed between July and September as a result of over 700 separate terrorist and militant attacks. This constituted an improvement from the second quarter of the year (April-June) when […]
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Iran, Iraq pay $1.2 bn to Battle Sandstorms
A top Iranian environment official said on Monday that Tehran and Baghdad will jointly invest $1.2 billion [1.4 trillion Iraqi dinars] in a project to reduce the number of sand dunes in a bid to cut the number of sandstorms. "In order to reduce gravel levels we have signed an agreement with a foreign company […]