Tag Archives | Lebanon

Iraqi Kurdistan Considers Lebanese Trade Ties

By John Lee. A business delegation from Iraqi Kurdistan considered strengthening economic ties with Lebanon’s second-biggest city Tripoli. “Iraqi Kurdistan is seeing an economic boom and we hope that Lebanese businessmen continue to benefit from facilities offered by the regional government,” head of the Tripoli Chamber of Commerce Tawfik Daboussi said. Former Iraqi Trade Minister […]

Two Lebanese Banks Target Iraq

By John Lee. Lebanon's biggest bank, Bank Audi, plans to enter the Iraqi market late next year. Chief Executive Samir Hanna (pictured) told Reuters that its new Iraqi operation will be a subsidiary of its Turkish business, which it launched in October and which is trading "more than 50 percent ahead" of the bank's target. […]

KRG PM hosts groundbreaking for Duhok International Airport

Prime Minister Nechirvan Barzani today hosted a groundbreaking ceremony for a new international airport in Duhok. Duhok International Airport will be the third airport in the Kurdistan Region. After its completion in 2015, travellers will have direct international access to each of the Region’s three provinces. Speaking at the event, the Prime Minister highlighted the […]

Kurdistan Region Invests in Tourism

By John Lee. The Kurdistan Region's Tourism Board has announced plans to develop 53 tourist sites in the region, including the Bekhal Resort. Designs for some of the sites have already been completed, according to a report from AKnews. Mawlawi Jabar, Head of the board, said that companies from Lebanon and Austria are undertaking the […]

Delegation from BIC Visits Lebanon

A delegation from the Basra Investment Commission, headed by the BIC chairman Eng.Haider Ali Fadhil, visited the headquarter of Traders Association in Al- Nabatiyeh Province, South Lebanon. The delegation was accompanied by Eng. Hassan Jabir. The head of the association welcomed the delegation referring to the joint cooperation between Iraq and Lebanon; he appreciated the […]

Iraq's 'Phantom' Electricity Deal Not So Ghostly?

The latest scandal at Iraq’s ministry of electricity involves multi-billion dollar “phantom deals” with a German and Canadian company. The minister of energy has been asked to resign. But according to a report from NIQASH, the real story is not as simple as it first appears. As a long, hot summer continues to overheat the […]

Memos Signed with 2 Int'l Companies in Diwaniya

Diwaniya council has signed memorandums of understanding with two international companies to implement a number of projects in the province, according to the Aswat al-Iraq news agency. "Chairman of the council, Jubeir al-Juburi, signed memorandums of understanding with a representative of a Korean company to build huge oil-fueled generators," said Muayad al-Ansari, a media advisor […]

Lebanese Firm Lands Big Housing Project in Maysan

Two investment licenses have been granted to a Lebanese company to establish two residential compounds in the north of Amara, the chairman of the Maysan Investment Commission said on Monday. “MIC granted an investment license to Lebanon’s Home International Corp. to build 700 housing units in Ali al-Gharbi district, north of Amara, at a cost […]

Lebanese International University to Open in Baghdad

The Ministry of Higher Education and Scientific Research in Iraq announced on Thursday that the Lebanese International University (LIU) is to build a campus in Baghdad during the coming academic year, according to a report from AKnews. "The Ministry signed a memorandum of understanding with the LIU to open a branch in Baghdad ", said […]

Arabs Are Top Investors in Kurdistan

Investors from Arab countries have led other foreign investors in the Kurdistan Region in the last two years with nearly $2.7 billion (3.2 trillion Iraqi dinars) of investment in various sectors of the Region’s economy, a senior official of the Kurdistan Investment Board (KIB) told AKnews. “Four Arab countries -- Kuwait, Lebanon, Egypt and Jordan […]