The latest business news from Karbala, Iraq – oil, power, rail, housing projects & more – brought to you by Iraq Business News
AKnews reports that a primary school funded by a Kuwaiti grant of more than $2 million [2.4 billion Iraqi dinars] was opened in Karbala on Wednesday. Opening the school, the undersecretary of the education ministry said that Iraq needs more than 5,000 schools to be opened during the next year to cope with the rising […]
The Chairman of Karbala's Provincial Council has announced that a Turkish company proposed building high-rise housing blocks to help tackle the housing crisis in the province. Mohammed al-Mussawi told Aswat al-Iraq that the company specialises in the construction of hotels and housing units. He said the Investment Commission held talks with a Turkish company to […]
The Iraqi Ministry of Oil signed a Memorandum of Understanding (MoU) in principle with a group of Italian investors to build a refinery in Karbala, the oil undersecretary for refineries affairs said on Tuesday. Ahmed al-Shamma said in a statement that the signature was made to enable the consortium complete its procedures for the project, […]
Levels of violence fell slightly in Iraq last week, but there were still over 60 separate incidents recorded. Given a slight decline in the number of attacks recorded since July AKE has lowered the security risk rating for the country on Global IntAKE. Violence remains concentrated in Baghdad, Mosul and Kirkuk although attacks were […]
Iraq's National Investment Commission (NIC) has issued details of a proposed new monorail transport system for the city of Karbala. Project Name: Karbala Monorail General Specifications: Concrete monorail train that goes 6 meters above the medium sideway. Length of the preliminary line: Length of the operating lines: 15 KM The second and third phases to […]
The Karbala Investment Commission laid the cornerstone for four housing developments valued at a total of $850 million [1 trillion Iraqi dinars], and consisting of about 11.000 housing units, Media Director Raed al-Asali told Aswat al-Iraq: The first project will be carried out by a Chinese company to erect 1,300 housing units in Hur area, […]
Aswat al-Iraq news agency reports that Karbala's Provincial Council has decided on Monday to cut the electric power supplied to the cement plant run by French company Lafarge. “[The company] must get its power by itself and achieve an annual production of 30 million tons,” Tareq Gatifa al-Khikany, Chairman of the Council’s Economic Committee said. […]
Aswat al-Iraq reports that a Ministry of Oil geological team has arrived in the Ain Tamr area of Karbala [Kerbala] to explore for oil. Ain Tamr's local government official Mahfoudh Satai told the news agency that "there were many oil wells discovered 1970s that have not been fully excavated." Karbala's local government asked the Ministry […]
The Province of Karbala is negotiating with Hyundai Motors regarding the construction of mobile electricity plants to serve areas suffering most from blackouts, according to a report from Azzaman. Governor Amaludeen al-Hir said the two sides were discussing building several generators powered by fuel oil, that can withstand the country’s tough weather conditions, particularly the […]
Iraq hopes to complete negotiations with European investors to build a new oil refinery in the city of Karbala [Kerbala], the country's Deputy Prime Minister, Hussain al-Shahristani (pictured), said on Friday. The projected 140,000 barrel per day (bpd) Kerbala refinery is part of a plan to build four new refineries, adding around 750,000 bpd of […]
Aswat al-Iraq reports that a new investment commission was elected in Karbala on Monday. Nisai'if Jassim, the deputy chairman of Karbala's Provincial Council, told the agency that the previous commission has completed its legal term of three years service, and that five new members joined the commission. He hoped that the new commission will study […]
Iraq's Deputy Premier for Energy, Hussein al-Shahrestani, laid the foundation stone for the new 1250 megawatt al-Khairat power station in Karbala, which will add about 20% to power production in Iraq if completed as scheduled in April 2013. Iraqi energy officials on Sunday marked the start of work on a 1,250 megawatt power plant with […]
