AKnews reports that officials in Kirkuk have laid the cornerstone of a 600-unit housing complex worth 16.5 billion Iraqi Dinars (about US$13 million). The project, undertaken by a local Iraqi company, is funded by the province’s petrodollar money. Kirkuk is one of the richest provinces in the country after Basra, which exports the majority of […]
Tag Archives | Kirkuk
The latest Kirkuk, Iraq Business News – security, land, farming, infrastructure and more – brought to you by Iraq Business News
Weekly Security Update for 4th January 2012
Levels of violence fell in Iraq over the past week, a welcome change following the spate of attacks on 22 December. At least 20 people were killed and 82 injured nationwide. This is at the lowest end of the usual figure range of 20 to 90 fatalities in any given seven-day period over recent months. […]
Investor Guides Assist Opportunity Seekers
In his joint press conference with Iraqi Prime Minister Nouri al-Maliki on December 12, 2011, President Barak Obama noted that “In the coming years, it’s estimated that Iraq’s economy will grow even faster than China’s or India’s.” Foreign and regional investors interested in Iraq’s economic potential, but uncertain about the country’s investment regulations, arbitration laws […]
Weekly Security Update for 1st December 2011
As the US military withdrawal continues, levels of violence rose in Iraq over the past week. Incidents were concentrated in Baghdad, Mosul and Kirkuk, while the southern city of Basrah also saw a bomb attack the day before an international oil and gas conference opened in the city. Otherwise there has been a countrywide rise […]
Hyundai Wins $396m Iraq Power Deals
Reuters reports that Iraq has signed contracts worth $396 million with South Korea's Hyundai Engineering to build two new power plants. Laith al-Mamury, head of investments and contracts at the electricity ministry, said the plants will have a total capacity of 1,752 megawatts. There will be five units of 292 MW each in Rumaila, with […]
Weekly Security Update for 24th November 2011
Levels of violence rose in Iraq over the past week, particularly in Mosul and the central provinces. There was a rise in bomb attacks, a steady number of shootings and at least two injuries caused by indirect fire (rockets and mortars). At least one person was kidnapped in the north of the country. The head […]
Tags: Baghdad, Basrah, Diyala, Iraq, Kirkuk, Mosul, Oil and Gas, Qandil, Security, terrorism, US military
Giant Oil Rig Heads to Hamrin
A large oil rig has arrived in the northern oil fields around Kirkuk to start work on reclaiming old oil wells and drilling new ones, according to AKnews. The wells of the Hamrin mountains were left unused until June this year. The Iraqi Drilling Company announced the arrival of the rig on Thursday, and its […]
Weekly Security Update for 17th November 2011
Last week saw a notable decline in attacks in Iraq, but incidents have worsened once again over the past three days. Activity was concentrated in the central provinces, although Baghdad itself remained unusually quiet until Sunday. Conditions now appear to be returning to an unfortunate level of normality. Roadside bombings are currently the most commonly […]
Tags: AKE, Baghdad, Iraq, Kidnap, Kirkuk, Kurdistan News, Mosul, Qandil, Security, US military, Violence
Weekly Security Update for 9th November 2011
Despite the occurrence of several high-profile attacks around the country, the overall number of violent incidents actually fell in Iraq last week. At least 58 people were killed and 168 injured in nationwide attacks, which is a high figure but still a decrease from the previous week’s total. Attacks were concentrated in Baghdad and Mosul, […]
Mapping Violence in Iraq
Levels of violence crept up in Iraq over the past fortnight, but conditions have been generally quieter over the last four months when compared to earlier in the year. AKE has compiled maps showing the distribution of the latest violence. The first map shows the location of specific incidents of violence, pinpointed around the country. […]
North Oil Company Opposing Kirkuk Refinery
The North Oil Company (NOC) is hindering the construction of a refinery in the oil-rich disputed province of Kirkuk, a local official said on Wednesday. The refinery is one of four projects that the Iraqi Oil Ministry tendered to foreign companies for final designs late October. The four refineries to be located in Kirkuk, Karbala, […]
Weekly Security Update for 2nd November 2011
Levels of violence rose in Iraq over the past week, with the highest number of weekly attacks recorded since mid-August. At least 80 people were killed and 197 injured nationwide, with incidents concentrated in Baghdad, Mosul and Babil province. There was also sporadic violence in towns such as Kut, Fallujah and Ba’qubah. North Turkish […]