The latest news on Turkey – Iraq business – air Industry, infrastructure & more – brought to you by Iraq Business News
The Turkish Foreign Minister, Ahmet Davutoglu, met the Iraqi Parliament Speaker, Osama al-Nujaifi, in Baghdad on Sunday and congratulated him on his election as the Parliament Speaker. Davutoglu said he was pleased over the developments in Iraq and underlined that, "we will be pleased to see inclusion of Iraq to a free trade zone among […]
Turkey's education minister, Niemat Jobokjo, expressed the desire to help develop Kurdistan's educational sector, he said during a visit to the province. The Turkish minister visited many schools in Erbil, praising educational levels there, and said she wants to develop exchange visits and joint workshops. She was accompanied by Turkish lawmakers and educational officials. (Source: […]
AKnews reportedon Saturday, that "Eash Bank" from Turkey claims to open two branches in Erbil and Baghdad in the coming three months. Iraq Business News believes it sthe bank to be İş Bankasi. According to Jihan News Agency, the Bank Director Arsean Awzanja said there is a possibility to open four branches in Iraq. Awzanja […]
The Turkish alBaraka Bank will open its branch in Erbil, the Kurdistan Region’s capital, in early January, according to a report from AKnews. According to the information leaked to the agency's correspondent, the bank’s officials have completed the formal application through the Central Bank of Iraq (CBI), and have informed the Kurdistan officials of the […]
The Kurdistan Region’s Minister for Commerce and Industry has said that a new Turkish- Iraqi border crossing point is needed to reduce the traffic at the Ibrahim Khalil [Ibrahim al Khalil] gate, according to AKnews. The Ibrahim Khalil crossing (pictured) is the only official route connecting the Kurdistan Region to Turkey, and hundreds of trucks […]
We reported last week on the multi-billion dollar tender process to re-build Sadr City in Baghdad; we can now report that the contract has been won by a consortium of Turkish companies. The project involves the construction of a modern city of 75,000 housing units to accommodate up to 600,000 people, and the group offered […]
According to a report from Reuters, Turkish clothing and beer are hot sellers in the streets of Erbil, the capital of Iraq's Kurdish north, while in the South, Iranian cars roam the streets of Basra and Iranian pilgrims flock to Iraq's holy sites. Sunni Ankara and Shi'ite Tehran, old rivals turned friends, are vying for […]
An economic adviser in the Iraqi government said on Friday that, of all countries having companies operating in Iraq, Turkey is the best represented, followed by France. Salam al-Quraishi told AKnews that there are now 270 Turkish companies operating throughout Iraq, mostly specialized in construction of residential complexes and providing electrical power. "French companies are […]
The Chairman of future projects coordination in Karbala province, Hani al-Yasari, has confirmed that the Turkish Universal Acarsan Co. has completed the first stage of the modern hospital project in al-Herr district the province. He told NMC that the seven-floor hospital, to be built over 65 acres in 33 months, includes 492 beds initially, expanding […]
Committees don't just sit around in Iraq. On 19th October the Iraqi government created a committee to increase business and economic relations with Turkey. Now, a member of the committee has said that the two countries are going to increase commercial exchange up to $12bn in 2011, reports AKNews. This is a more than three-fold increase on previous […]
Iraq has awarded three of its established gas fields to foreign consortia in the third stage of an energy sell-off, as the country races to supply gas to local power plants and to export markets. The three fields, in the south, centre and far west of Iraq were sold at or slightly below the price […]
The Multilateral Investment Guarantee Agency (MIGA), the political risk insurance arm of the World Bank Group, today underscored its commitment to supporting investment into Iraq with an announcement of its first contract of guarantee for the country. The guarantee of $5 million backs a Turkish investment into a Baghdad plant that manufactures polyethylene terephthalate (PET) […]
