The latest business news from Karbala, Iraq – oil, power, rail, housing projects & more – brought to you by Iraq Business News
The director of Karbala Investment Commission, Taef Abdul Hussein, has announced that an Iranian company will shortly build a waste recycling plant 10 km south of Karbala city. According to the report from Aswat al-iraq, the $48 million plant will process glass, wood and fertilizers, and will produce electricity. As a result of religious tourism, the city […]
The Karbala Printing and Marketing Service Center has gone from a dream, to a concept, to a proposal and will soon be a reality for the Karbala Business Development Center (KBDC). The KBDC recently signed a Performance Grant Agreement with the USAID-Tijara program for funding to establish the Marketing Service Center in Karbala. The KBDC […]
The Director General of the Private Transport Section of the Ministry of Transport, Mr. Abdullah Laibi, outlined the opening of the new $14 million passenger terminal adjacent to Karbala airport. Designed to ease congestion between Najaf and Karbala, the new 2,000 car parking facility integrates accommodation, restaurant facilities making access to the airport for pilgrims […]
Three Turkish citizens alleged to have been involved in selling counterfeit currency were arrested by security forces in Karbala today, reports AKnews. Karbala police said the three, from the Hay al-Sinaei area, 2km east of Karbala, sold counterfeit US dollars as part of a foreign exchange (forex) operation. Security forces seized more than $5,000 in […]
The Turkish company Çalık Enerji will open its 250 mega watt Khairat power station at the beginning of July, the first of 20 stations Iraq hopes to build around the country, reports AKnews. The Deputy Prime Minister for Energy, Hussein al-Shahristani, made the announcement today and told AKnews that the Ministry of Oil will provide fuel […]
The Australian ambassador to Baghdad, Lyndall Sachs (pictured), said her country supports the lifting of United Nation's Chapter VII sanctions on Iraq, a decision on which is expected to be made by the UN Security Council in June. Sachs said: "My country has good relations with Iraq, in particular [because] it received the largest Iraqi communities […]
Iraq's National Investment Commission (NIC) re-announced on Thursday the details of the new Kerbala Monorail, and invited interested parties to contact them: Length of the line (18 KM) Project Type (Monorail) - High Concrete mono rail of two ways known locally as Kerbala Monorail. Number of stations (20) the distance between each station and another […]
The Iraqi Oil Ministry has denied any changes to Karbala's refinery, as reported by its spokesman. Asim Jihad told Aswat al-Iraq that all agreements on Karbala's refinery site were set with the Transport Ministry, and denied reports that the site had been changed due to its proximity to Al-Furat Airport. Karbala's Energy and Fuel Commission […]
Bloomberg and Reuters report that Iraq has invited foreign companies to compete for a $450 million monorail project in the southern holy city of Kerbala [Karbala]. The city, 80 km (50 miles) southwest of Baghdad, hosts the shrines of two Shi'ite imams and hosts millions of Shi'ite pilgrims each year at several major religious rites. […]
AKnews reports that over 16 million pilgrims flocked to Karbala to mark Arbain, the 40th day after Ashura, which is the day Shiite's believe Imam Hussein Ibn Ali was martyred in the 7th century. The deputy leader of the Karbala Provincial Council Nassif, Jassem al-Khutabi, told AKnews that over half a million come from abroad, […]
A new railway line between Karbala and Musayyib [Musayyab] was opened this week by the Transport Ministry, reports AKnews. The new line was opened in Babil and Karbala Provinces just to the south of Baghdad, to transport Shiite pilgrims marking the 40th day after Hussein Ibn Ali was martyred. Around 8,000 people are expected to […]
Iraq's National Investment Commission (NIC) announced on Monday the details of the new Kerbala Monorail, and invited interested parties to contact them: Length of the line (18 KM) Project Type (Monorail) - High Concrete mono rail of two ways known locally as Kerbala Monorail. Number of stations (20) the distance between each station and another […]
