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A Turkish firm has won the contract for the $88 million (105 billion Iraqi dinar) Grand Kut water project, according to a report from Aswat al-Iraq. Sobeih Lafta, the assistant governor for technical affairs in Wassit, told the news agency that the project is intended to end water scarcity in the city. The project, with […]
The head of the One Stop Shop Department in Basra Investmetnt Commission (BIC), Eng. Jalal Al- Noori, announced that the Turkish company Visalr has submitted an investment project to build private schools in Basra. He said the education sector is a top priority for the BIC, and that Basra has suitable lands allocated for such […]
Three sports stadiums are set to be built in Baghdad under plans announced by Kamel Braihi, the director of the engineering and technical department in Iraq's Ministry of Youth and Sports, reports AKnews. He said the three stadiums, to be built to international standards, will be constructed in Sadr City, Rusafa and Tajiyyat. The contract for […]
Turkish Airlines increased its flights between Basra and Istanbul to four per week, according to Aswat al-Iraq. The Turkish consulate in Basra said there will be flights between the two cities on Saturdays, Sundays, Tuesdays and Thursdays starting on 4th March. "Basra is strategically important, and the fourth air bridge will underline to the Turkish […]
Reuters reports that Iraq's cabinet has approved a $329.8 million tender with British oil service firm Petrofac for the country's Badra oilfield. Petrofac plans to build a major crude processing facility to help production at the field to reach 170,000 barrels of oil per day (bpd) in 2017, a target which was set by Iraq's […]
Levels of violence fell in Iraq last week. At least 19 people were killed and 55 injured in nationwide incidents. This is a relatively low figure for the country. There was a decline in bombings and shootings countrywide. There were no suicide bombings or abductions reported, although a woman was rescued from captivity during a […]
The Iraqi Trade Ministry has reportedly signed a contract with the Egyptian company Arma for the purchase of 25,000 tons of vegetable oil. Hashem Hatam, the Foreign economic relations chief at the ministry, told AKnews that the oil will be distributed to civilians through the food rationing program. The quantity is sufficient for only three […]
Advertising Feature Iraq Business News is delighted to bring you the latest Iraq Market Tracker report from Dunia Frontier Consultants. The market tracker highlights the activities and market performance of a basket of publicly traded firms who derive a significant percentage of their revenues from operations in Iraq, but are traded on foreign exchanges: a […]
A Basra iron and steel company will be given $700m (816 trillion Iraqi dinars) over the next 15 years by Turkish backers, reports AKnews. After visiting the factories of the General Company for Iron and Steel [State Company for Iron and Steel (SCIS)], a delegation from Turkish company United Brothers made a proposal to increase […]
Exports of crude oil from northern Iraq via the Turkish port of Ceyhan (pictured) have resumed on Monday after a three-day halt resulting from sabotage to the pipeline network in Turkey, according to Bloomberg. Ziad Ahmad al-Obaidi, an official from the North Oil Company said the initial rate was 400,000 barrels to 500,000 bpd. Iraqi […]
Conditions continue to fluctuate in Iraq. Levels of violence rose slightly last week, but in the absence of any major mass casualty attacks the overall number of fatalities fell from the previous week. At least 47 people were killed and 71 injured in nationwide incidents. Countrywide, a total of 25 bomb attacks left 16 people […]
AKnews reports that the Kurdistan-Turkey economic forum kicked off on Wednesday in the Saad Abdulla Convention Hall in Erbil. Abdul-Khaleq Mohammed, press secretary for Kurdistan's Foreign Relations Office, told AKnews that the Turkish Trade Minister Zafer Çağlayan arrived in Erbil last night, at the head of a 175-strong delegation of 25 government officials and 150 […]
