The latest news on Iran – Iraq business – gas, oil & electricity Industries & more – brought to you by Iraq Business News
The local council in Karbala [Kerbala] has granted 27 investment licences to international and Arab companies, including an Iranian company, the chairman of the Karbala council said on Monday. “All news assertions that Iranian companies control the Karbala market are baseless,” Mohammad Hamad al-Moussawi told Aswat al-Iraq news agency. “There is only one Iranian investment […]
The director general of the Bashmakh border crossing in Kurdistan said the crossing will be closed down until Friday following a request by the Islamic Republic of Iran. Some Kurdish news websites reported that the border between Kurdistan and Iran will be closed due to a visit by Iranian President Mahmoud Ahmadinejad to Kurdistan. Mohammed […]
Overview There was a fall in the number of violent incidents taking place in Iraq last week, although there was a spate of attacks around the centre of the country on Monday, leaving a number of people dead. In general, violence remains concentrated in Baghdad, the dstricts immediately surrounding it, and the northern city of […]
The Iraqi Ministry of Water Resources announced on Monday a significant decline in water levels in the country’s strategic Mosul and Haditha (pictured) dams due to a lack of rainfall in the Tigris and Euphrates rivers and a reduction in water flow from Turkey, Syria and Iran. Director of Projects Ali Hashim told AKnews that […]
Iraq's Ministry of Electricity announced on Tuesday the experimental launch of a number of electrical units in the al-Sadr gas station. According to the report from AKnews, the plant is operated by the Iranian company Snair (which Iraq Business News believes to be Sunir). The ministry’s media spokesman, Musab al-Mudarres, told AKnews that the station […]
Overview The past week has seen a slight drop in the number of violent attacks taking place in Iraq. Incidents were concentrated in Baghdad and in the districts west of the capital in Anbar province. Mosul also experienced a significant proportion of attacks, while even Sulaymaniyah in Kurdistan saw incidents of unrest and reported cross-border […]
Iran’s power development firm, Sunir [Sanir] is negotiating with the Iraqi side to expand the capacity of a plant it is constructing in Baghdad from 160 megawatts to 640 megawatts. Sunir, the power construction arm of Iran’s energy ministry, is the largest foreign contributor in Iraq’s rickety power infrastructure, according the the report from Azzaman. […]
Vehicle imports through the Haji Omaran [Haj Omran, Haj Umran] border crossing (pictured) on the Iranian border north of Erbil have dropped by 73 per cent, from 2,000 cars per month in 2010 to 1,195 vehicles in the first two month of 2011, according to a report from AK News. Salar Omar, vehicles department official […]
The Iranian Deputy Energy Minister Mohammad Behzad (pictured) has said the Iranian-built Al Sadr power-plant in Iraq is an important project which is now ready to come on stream. IRINN quoted the minister as saying that the first unit of this 324 MW plant has been completed and is waiting for its fuel supply, and […]
With a year-to-date return of 14.6% as of February 7, the Rabee Securities RSISX index is the region’s second best performer so far this year. Only Iran’s TEPIX index, up 16.4%, did better. Regional stock markets have generally mirrored the lackluster performance of the Morgan Stanley global emerging markets index, which is down 1.8% year-to-date. […]
According to a report from Press TV, Iran and Iraq's Kurdistan may agree a visa waiver scheme to facilitate cross-border travels as part of a program of increased cooperation between the two sides. To facilitate cross-border travel for both Iranians and the citizens of the Kurdistan region in northern Iraq, and to encourage trade and […]
Overview Last week was one of the most violent in Iraq for several months. Over 120 people were killed and several hundred injured in a spate of suicide attacks. The total number of attacks reported did not significantly increase, but with at least seven of the attacks involving suicide bombers in very crowded areas it […]
