The latest business news from Karbala, Iraq – oil, power, rail, housing projects & more – brought to you by Iraq Business News
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 […]
Abu Dhabi-based Rotana, a leading hotel management company, announced the general manager and other senior appointments for its new property in Iraq, the five-star Karbala Rayhaan by Rotana. General manager Nader Mobader, a seasoned hospitality player with 18 years of industry experience in Asia, Africa and the Middle East, has been leading the team through […]
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Iraq is home to some of the most sacred sites for Shia Muslims. Pilgrims from across the Middle East visit in huge numbers. The Governor of Karbala urges western Shias to make 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’s famous old city is home to two of Islam’s most important shrines and attracts millions of tourists. It is also surrounded by high walls and […]
By John Lee. Following the news last week that Muthanna Cement is to be rehabilitated, it has now been announced that a new cement plant is to be built in Karbala. The state-owned plant will require an investment of US$300 million and will be constructed by a Iraqi-Canadian joint venture. World Cement reports that the […]
By John Lee. According to a report from World Bulletin, a new 750-megawatt (MW) power plant in Mosul city is planned to be completed and operating by September 2013. Build and run by Turkey's Calik Energy [Calik Enerji], it will be Iraq's fourth-largest power station; the company's other plant at al-Khairat in Karbala is the […]
Iraq's State Company for Oil Projects (SCOP) has awarded French company Technip a significant contract for project management consultancy (PMC) services for the engineering, procurement and construction (EPC) phase of the Karbala refinery. This award follows the front-end engineering design (FEED) executed by Technip in 2010. The scope of work will cover two phases: phase […]
By John Lee. Iraq's Ministry of Transport (MOT) has invited contractors to participate in a pre-qualification procedure for the construction of the new Middle Euphrates International Airport (MEIA). Sited near Kerbala [Karbala], the project will be financed by the General Federal Budget of the Republic of Iraq. MEIA will be a domestic and international airport […]
