Construction has started on a $34 million (40 billion Iraqi dinar) residential project in the province of Nineveh, reports AKnews. The 560 homes will be built on an 82-acre site close to the famed waterfall cascades in northern Mosul, in a joint-effort by Iraqiya and Andalusia Construction Companies. Nineveh's Governor, Athil Nujaifi, said the project […]
Tag Archives | Ninawa
The latest Ninawa / Nanawah Iraq Business News -oil, projects, security, Anbar more – brought to you by Iraq Business News
Terrorists Knock Out Asiacell Service in Nineveh
Bloomberg reports that militants have bombed an Asiacell equipment building near Mosul, damaging the mobile phone operator's network and knocking out service in some northern areas. The four attackers, some of whom wore military uniforms, held guns to the heads of security guards late on Thursday and planted four large explosives in a building housing […]
Weekly Security Update for 13th January 2012
The year 2012 has not begun well for Iraq. Levels of violence rose in the country last week, with at least 107 people killed and 300 injured in nationwide incidents. Several of the latest bombings have targeted pilgrims gathering in the centre of the country to mark Arba’een. The holy religious period is currently at […]
Tags: Arba'een, Baghdad, Dhi Qar, Kidnap, Mosul, Nassiriyah, Ninawa, Qayyarah, sectarianism, Sonangol, suicide bomber, terrorism, Violence
Sonangol Equipment Blown Up in Nineveh
AKnews reports that uniformed militants have blown up about 10 machine tools used by Sonangol, Angola’s national oil company, in the province of Nineveh on Thursday. Sonangol won contracts to develop the al-Najma and al-Qayara oil fields near the provincial capital Mosul in 2009. The equipment was blown up by IEDs that were placed inside […]
Weekly Security Update for 29th September 2011
Levels of violence rose in Iraq for the fourth week in a row last week, with a number of people killed and injured in nationwide attacks. Violence was concentrated in Baghdad, Mosul and the districts surrounding the capital. As warned in last week’s Security Update on Iraq Business News there were several attacks conducted against […]
Tags: AKE, al-Qaeda, Ankara, Assassination, Baghdad, Bangladesh, Christian, Diyala, Iran, Iraq, Karbala, Kidnap, Kurdistan News, Ninawa, PJAK, PKK, Qandil, Security, Shawwal, Shi'ah, Sunni, Ta'mim, Tehran, terrorism, Turkey, Violence, Yazidi
Alstom Signs $94m Power Contract in Nineveh
Iraqi's Ministry of Electricity signed a contract on Saturday with French conglomerate Alstom to build a power generation plant in Nineveh province at a cost of approximately $94 million, according to AKnews. The Ministry said the plant will begin generating by the end of 2012. Reuters reportst that the deal requires Iraq to pay 10 […]
Weekly Security Update for 25th August 2011
The current world focus is on Libya, with AKE now ranking Tripoli as being much more hostile a working environment than Baghdad. However, conditions are still fluid and unstable in Iraq, and levels of violence have crept up in the country for the third consecutive week. Dozens of people were killed and hundreds injured in […]
Tags: AKE, Anbar, Baghdad, Basrah, Diyala, energy, Iraq, K&R, Karbala, Kidnap, Kurdistan News, Kut, Libya, Maysan, Najaf, Ninawa, PKK, Qandil, Security, South, Southern, Ta'mim, terrorism, Wassit
MoU signed for Mosul Refinery
A refinery with a capacity of 150,000 barrels per day will be constructed by the Egyptian Qalaa Company in Nineveh province. In a statement, Deputy Oil Minister Ahmed Shamaa said the Ministry of Oil has contracted Qalaa to establish the refinery which will process the crude oil from the Najma and Gayar fields near Mosul. […]
French Firm Begins Work on $15m Hotel in Nineveh
A French company began construction work on Tuesday on a $15 million luxury hotel in Nineveh’s Shallalat area, 10 km north of Mosul, according to AKnews. The Investment Commission's media spokesman told the agency that the 200-room hotel will be the first of its kind in the region. “The implementation of the project comes after […]
Oil and Security
Iraq’s oil wealth is massive, with significant economic potential for years to come. Unfortunately, development is being hampered by endemic violence and ongoing instability. However, the main reserves are not evenly distributed around the country and neither is the violence. By avoiding the violent hotspots companies can still make significant profits with minimal exposure to […]
Tags: AKE, Anbar, Arbil, Baghdad, Basrah, energy, Erbil News, gas, Hydrocarbons, Iraq, Kirkuk, Kurdistan News, Maysan, Militancy, Mosul, Ninawa, Offshore Europe, Oil, Oil and Gas, Political Risk, Security, Statistics, Sulaymaniyah, Ta'mim, terrorism, Unrest, Upstream, Violence
Nineveh Signs Agreement with German Businesses
Nineveh Chamber of Commerce has signed a memorandum of understanding with a delegation of German business people for the exchange of expertise, the head of the chamber told AKnews. Moqbel Ahmed Dabbagh said on Monday that the agreement will see coordination between both sides to increase the booming investment in the Iraqi province. He said […]
German Company Lands $625m Iraq Power Contract
AKnews reports that the German energy firm MBH has landed a $625 million contract to build five 100-MW power plants in Nineveh province. The Iraqi electricity ministry announced the deal on Wednesday, saying that the project is expected to be completed in 21 months. The establishment of the plants is part of the government’s plan […]