The latest business news from Karbala, Iraq – oil, power, rail, housing projects & more – brought to you by Iraq Business News
By John Lee. Prime Minister Nouri al-Maliki has spoken at a ceremony to mark the start of construction on Karbala's forthcoming 140,000 bpd refinery, Iraq Directory reports. As part of Iraq's energy strategy to increase refining capacity to 750,000 bpd, the new $6 billion refinery will be constructed by a consortium led by Hyundai Engineering and […]
This article was originally published by Niqash. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Karbala’s New Computer System to Prevent Bribery, Abuse and Burning of Official Documents Authorities in the religious centre of Karbala are planning to computerize their records and start a […]
This article was originally published by Niqash. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Six Years to Build a Short Road: Corruption and Construction in Karbala Despite the city’s tourism wealth, Karbala city officials say they don’t have enough money to complete important […]
By John Lee. A group of companies led by Hyundai Engineering & Construction has won a $6.04-billion contract to build the new 140,000-bpd Kerbala oil refinery. The Iraqi cabinet approved the deal between the Oil Ministry's State Company for Oil Projects (SCOP) and the consortium on Tuesday. Construction is to be completed within 54 months. […]
This article was originally published by Niqash. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Vacation Gridlock: Too Many Holidays Paralyse Karbala City Of all Iraqi cities, Karbala may well be the one with the most holidays. That’s because when there is a major […]
This article was originally published by Niqash. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Clash in the Desert: Karbala’s Tomato Farmers Versus Iraq’s Biggest Airport. The authorities in the religious boom town of Karbala plan to build the country’s biggest airport on the […]
A trade delegation representing companies from the United States, Europe, the Middle East and Asia met with the Governor of Karbala as well as members of the Provincial Council last week. The companies presented their capabilities and discussed with officials and technical experts of the provinces a wide range of economic and social development and […]
By John Lee. Hotel management company Rotana has opened its second property in Iraq. The Karbala Rayhaan is a five-star property in the tourist city of Karbala, which attracts more than 12 million visitors a year. Omer Kaddouri, executive vice president and chief operating officer, said: “In 2012 Iraq posted a GDP growth rate of […]
This article was originally published by Niqash. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. It is traditional for Shiite Muslims to wear mourning black around Ashura, a memorial day commemorating the death of one of their sect’s most important icons. But while some […]
By Abbas Sarhan. This article was originally published by Niqash. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. In Karbala religion is big business. But for some time now, the religious authorities there have been moving into businesses other than faith - such as […]
Ask anyone where the most expensive property is in Iraq and you might expect to hear Baghdad, the capital, or Basra, the hub of the southern oil industry. But according to this report, the highest prices are being paid for development land in Karbala, site of the shrine of Imam al-Hussein, the grandson of the […]
By Ibrahim al-Jibouri. This article was originally published by Niqash. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Karbala Real Estate Boom: Sacred City Boasts Most Expensive Property in All Iraq The prosperous southern city of Karbala has not only got some of Shiite […]
