The latest business news from Karbala, Iraq – oil, power, rail, housing projects & more – brought to you by Iraq Business News
By Wassim Bassem for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. When the Iraqi Commission of Integrity Court entered a default judgment Oct. 16 against the head of the Karbala Real Estate Registration Directorate, ordering her imprisonment for tampering with […]
An Iranian deputy foreign minister expressed Tehran’s willingness to ease visa requirements for incoming tourists from Iraq if Baghdad’s government would agree to do so for Iranians traveling to the Arab country. “I have announced in my latest consular trip (to Iraq) that we are willing to remove the visa requirements or take any measure […]
By Adnan Abu Zeed for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. Every year, the number of pilgrims visiting religious sites in Iraq increases. After Iranians were not allowed to travel to Mecca to perform the hajj this year due […]
By Ali Mamouri for Al Monitor. Any views expressed here are those of the author, and do not necessarily reflect the views of Iraq Business News. Saudi newspapers reported Sept. 15 that Shiites are expected to replace their pilgrimage to Mecca with religious visits to Iraq’s Karbala instead. According Al-Riyadh newspaper, Iran’s Supreme Leader Ayatollah Ali […]
By Simon Kent. Foreign Direct Investment (FDI) is rising again in Iraq, The Wall Street Journal reports. The piece notes General Electric's billion dollar contract in January, which is of course government spending, to highlight how multi-nationals are increasingly confident as the self declared Islamic State begins to collapse. The piece also notes how FDI is […]
By John Lee. Work on a the $6-billion Karbala Refinery Project has reportedly been suspended. According to Korea Times, the work has been halted "due to the Iraqi government's late construction payment, raising concerns about its solvency." The Engineer, Procure and Construct (EPC) contractor for the Karbala Refinery Project is HDGSK, a South Korean joint […]
By John Lee. ALE has been awarded several contracts at the Karbala Refinery Project. The deals include the provision of approximately 50 crawler, rough terrain and mobile cranes, the execution of heavy lifting operations, as well as the heavy transportation of approximately 45 oversized items, weighing up to 250 tonnes each. The project has already […]
By John Lee. Iran’s Amirkabir University of Technology has plans to offer educational services in Southern Iraq. Amir Golroo, assistant professor at the university's Department of Civil & Enviromental Engineering, told Trend that a separate office for Amirkabir University is being built on campus at of one of Iraqi universities: "We are especially focusing on […]
By Simon Kent. Concern is mounting in Iraq following an outbreak of cholera which has caused at least 5000 cases since September, with many more suspected to have gone unreported. World Health Organization official Rana Sidani described the current crisis, noting that, "We expect an increase in the rate of infections [beyond] the officially declared […]
By Simon Kent. Bloom Properties, subsidiary of Dubai based Abu Dhabi National Holding, has delayed construction of a 40,000 housing unit project in Karbala. The site, dubbed "Shores of Karbala" (pictured: plan of the site) was announced in 2013 with former PM Nouri al Maliki attending a ceremony to mark the signing of the contract, with […]
Honeywell has announced that it will provide industry-leading process technology and advanced automation controls to Iraq’s Karbala refinery, now under construction in Karbala Province, about 120 kilometers south of Baghdad. According to a statement from the company, the grassroots refinery will use industry-leading refining processes from Honeywell UOP and automation controls from Honeywell Process Solutions […]
By John Lee. The Prime Minister Dr. Haider Al-Abadi chaired a meeting of the Ministerial Committee on Energy (pictured) on Monday. The meeting discussed the status of power supply and the importance of working to improve it, including a proposed project for 400 KV electric transmission lines on deferred payment basis; a program of maintenance, […]
