The latest business news from Karbala, Iraq – oil, power, rail, housing projects & more – brought to you by Iraq Business News
The local council in Karbala [Kerbala] has granted 27 investment licences to international and Arab companies, including an Iranian company, the chairman of the Karbala council said on Monday. “All news assertions that Iranian companies control the Karbala market are baseless,” Mohammad Hamad al-Moussawi told Aswat al-Iraq news agency. “There is only one Iranian investment […]
The Chairman of the Committee for future projects in the governorate of Karbala, Hani Abboud, said in a statement to the press section of the National Media Center that the project to build an oil storage facility in Karbala [Kerbala] will be completed by March 2012. He said the project is being built on a […]
Karbala has allocated 70 billion Iraqi dinars [$60 million] from the 2011 budget to improve the electrical grid and road system in the province. The President of the provincial council in Karbala said that the Council decided to allocate 70 billion dinars from the budget for the sectors of electricity and roads from a total […]
Iraq's Minister for Transport has said a tender to build an airport in the Middle Euphrates region is expected to be floated in October. According to Reuters, he could not give an estimated cost for the project, which will be located between the holy Shi'ite southern cities of Najaf and Kerbala, but other sources estimate […]
An al-Iraqiya deputy said on Wednesday that MPs from Karbala proposed two infrastructure projects worth a total of $86 million [100 billion Iraqi dinars] during the 33rd parliamentary session. Abdul Mahdi al-Khafaji told AKnews that the deputies proposed the reconstruction of two roads and the entrances to the holy city of Karbala which receives millions […]
Overview Levels of violence have been rising in Iraq over the past four weeks. The increase has been gradual, but consistent and last week saw more than 40 attacks reported countrywide for the first time since mid-December. Recent days have seen a particularly concerning rise in militant activity and social tensions in the northern city […]
Overview Last week was one of the most violent in Iraq for several months. Over 120 people were killed and several hundred injured in a spate of suicide attacks. The total number of attacks reported did not significantly increase, but with at least seven of the attacks involving suicide bombers in very crowded areas it […]
Overview Levels of violence fell last week, but the past 48 hours have seen three suicide attacks in the central provinces, killing dozens and injuring over 200. As with the recent spate in assassinations in the centre of the country, the main target of the suicide bombers were state employees and members of the Iraqi […]
A Turkish energy company signed a deal with the Iraqi government on Thursday to build a power plant at a cost of $445.5 million [521 billion Iraqi dinars]. The deal between Turkey’s Calik Enerji and the Iraqi Electricity Ministry is for the construction of the 1,250 megawatt al-Hayrat [Khayrat?] plant in Karbala. Calik Holding CEO, […]
Overview Levels of violence fell in Iraq last week. Militant activity was concentrated in the central region, although there were also several bombings in Mosul. The majority of explosive devices detonated over the week were small, usually inflicting injuries rather than fatalities. Shootings are currently more of a concern, with the authorities put on high […]
The Governor of the Kuwaiti Capital, Sheikh Ali Al-Jaber, visited soutwestern Iraq’s holy city of Karbala on Sunday to discuss the implementation of several investment projects in the Province, its Governor, Amaluddin al-Hir, said on Sunday. “We have conferred with a Kuwaiti Delegation, who visited Karbala, under leadership of the Kuwaiti Capital’s Governor, Sheikh Ali […]
Overview Levels of violence rose last week in Iraq as Shi'ahs marked al-'Ashura. Pilgrims travelling to the holy city of Karbala were attacked on several occasions, in Baghdad and the central provinces, although Karbala itself saw little in the way of violence. The police arrested numerous suspected militants ahead of the event and many potentially […]
