The latest news on Turkey – Iraq business – air Industry, infrastructure & more – brought to you by Iraq Business News
The Ninewa Investment Commission approved the building of a large shopping mall at a cost of 34.260 billion Iraqi dinars ($29 million), according to Aswat al-Iraq on Monday. The mall will be in the al-Nour neighborhood of eastern Mosul, and it will be built by a Turkish company. This is the Commission's 29th investment permit. […]
Germany's Siemens is eyeing up electricity investments in Basra. “A delegation from Siemens met today (Sept. 2) with officials of the provincial council’s electricity committee to discuss ways to carry out projects in the power sector in Basra,” Ziyad Ali told Aswat al-Iraq news agency. “The delegation expressed readiness to carry out power projects in […]
The Nabucco pipeline project has taken another step forward. At their latest Steering Committee meeting in Ankara, the shareholders agreed on a modification of the feeder line concept. Two feeder lines were confirmed and the respective engineering works were ordered but due to the current political situation, Nabucco Gas Pipeline International is not planning a […]
Emerging from the global financial crisis unscathed, several Turkish banks plan to expand into neighbouring countries. Following Ziraat Bankas, Bankas and Kuveyt Türk, leading Turkish bank Albaraka Türk is also planning to open a branch in Erbil, northern Iraq, Fahrettin Yahi, the general manager of the bank, said yesterday. The growing business volume between Turkey […]
An Iraqi economic expert has called on the government to use the border areas to support the Iraqi economy and to create more border crossings for trade. "Over the years, Iraq has not pushed hard enough to open commercial markets with the surrounding countries”, Ali Ke Ji, an Iraqi economic expert, said on Sunday. "We […]
A source from Kurdistan Investment Board declared that the Turkish companies' assets in Kurdistan Region amount to US$ 621 million. Confirming the figure, Haydar Mustafa, the Director General of Investigation & Information in the Board, told AKnews on Wednesday that although there are many Turkish companies operating in the Region the majority of them are […]
The Kurdistan Regional Government is preparing to export natural gas to Europe via Turkey and the Nabucco project, Turkish Hurriyet Daily News said on Tuesday. “After failing to agree with the central government in Baghdad over the sale of oil and gas, northern Iraq’s administration is now preparing to export natural gas to Europe via […]
The increase in construction projects in Iraq is considered a positive indicator for Turkey's construction sector in the coming years, according to a report from World Bulletin. A report by the Undersecretariat of Foreign Trade (Export Development Research Center) said the construction and contracting sectors have entered a rapid growth phase in Iraq. The report […]
"The Iraqi government will take new procedures to combat drought in Iraq. It will launch a new initiative to control the drought and support the agricultural initiative that started last year", a source in the Iraqi government said on Tuesday, as reported by AK News. "There is a fear that the water levels in Tigris […]
Further to our report yesterday on the attack on the Kirkuk-Ceyhan Pipeline, Israel National News reports that oil started to flow again on Monday. A bomb, reportedly planted by Kurdish resistance fighters, had temporarily halted pumping on the Kirkuk to Ceyhan pipeline at the weekend. The bombing by the Kurdistan Workers’ Party (PKK) added a […]
A consortium of Turkish firms is negotiating with the authorities in the southern Iraqi Province of Missan for the construction of a 500-megawatt power plant, according to a report from Azzaman News Agency. Governor Mohammed al-Sudani said the talks were in an advanced stage and that representatives from the Turkish consortium were currently discussing the […]
The Acarsan Group, based in Gaziantep, Turkey, is set to complete the construction of five new hospitals in Iraq and hand them over to the Iraqi Health Ministry by the beginning of 2012, according to a report in Today's Zaman. In partnership with the Universal Hospitals Group network of Turkey, Acarsan won a recent tender […]
