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Iraq Business News

Iraqi ministry of reconstruction and housing said that work is slated to begin soon on a suspended bridge over the Tigris River which will link the two sides of Baghdad -- al-Karkh and al-Rusafa.
At the third annual exhibition, Iraqi women artists were celebrated by the Iraqi Plastic Arts Association in their honor in Baghdad. The exhibition, held in April, featured more than 100 works of art and reflected a variety of themes touching on the role of Iraqi women and their resilience under difficult circumstances.
Sales of dollar by the Central Bank of Iraq and purchases of other foreign currencies showed shrunk on today's auction to 188 million 759 thousand dollars, after hit on yesterday
Oil Search Limited reported that at 6:00 hours Kurdistan Region of Iraq (KRI) time April 16, the Taza 2 well in Kurdistan, Iraq was at a depth of 10,498 feet (3,200 meters) and drilling ahead in an 8.5 inch hole towards the first of the primary objectives, the Jeribe Formation. For the whole week, the well was drilled out of the casing shoe, pressures tests were
Scheduled for April 30th, the coming Iraqi general election is marked by an intensive presence of female candidates on the different lists of Iraqi political blocs, with women representing 2,607 out of 9,032 total candidates.
A member of the Oil and Energy Committee, MP Furat al-Shara described the adoption of the federal budget before the end of April, as a miracle.
As if to commemorate the 11th anniversary of the invasion and occupation of Iraq, the ‘Economist’ in its March 23 issue had an article titled ‘Electricity in Iraq’ and added ‘Not yet switched on, in any way’.
Due to constant militant attacks, oil pipeline carrying crude from Iraq's Kirkuk oil fields to Turkey's Mediterranean port of Ceyhan is unusable, as stated by Turkey's energy minister on last
Hanwha E&C held a completion ceremony for its precast concrete plant - the largest in the world, located in Iraq.
Zain, the Kuwaiti firm stated in a bourse statement that it is being sued for $4.5 billion over its 2007 acquisition of an Iraqi telecom operator.
Central Bank of Iraq declared that it granted approval to the companies of money transfer to open accounts directly in the Bank.
Sales of dollar purchases of foreign currencies on today's meeting rose on today’s meeting to / 280 million / 229 / thousand dollars , after only reached on yesterday / / 180 million / 274 / thousand dollars
Empty malls, with half the shops closed, are a common feature in the Kurdistan capital of Erbil. It has been reported that most of the malls in Kurdistan are not even matching international standards. Though, it seems that Kurdistan government is still keen on focusing on the shopping mall concept.
The announcement of Black Diamond Company has been denied by the Ministry of Natural Resources of the Kurdistan Regional Government, It is noteworthy that few days earlier, the company had made an announcement, regarding signing of a contract for the purchase crude oil from the Taq Taq oil field in Kurdistan.
A source in the North Oil Company said that the lines of crude oil tanker near the Baiji refinery were targeted, west of Kirkuk.
GlaxoSmithKline Plc (GSK), the U.K. drugmaker under investigation for corruption in China, said it disciplined an employee in Poland in connection with a bribery probe. This has been reported by BBC in its website.
A contract has been awarded to Alstom worth approximately €225 million ($311mn) to provide power generation equipment for the Al-Anbar gas-fired combined-cycle power plant being built in the Anbar province in Iraq.
Black Diamond Oil and the Rezhwan will be going to jointly operate a new oil refinery in the Kurdistan Region of Iraq. The refinery near the Kurdish capital Erbil will be operated by the private Kurdish group Rezhwan Co., which will process the crude from purchasing above ground reserves in Taq Taq.
As the cloud technology is emerging, companies and government in the Kurdistan Region are shrinking Information Technology (IT) departments and storing information online in servers often thousands of miles away.
The Al-Warka Bank was already having stability problems when the U.S. began to close all its accounts as part of the withdrawal of troops from Iraq. After that some banking errors appeared and Army lost $6.5 million.
Ambassador Extraordinary and Plenipotentiary of Belarus to Turkey and Iraq, Andrei Savinykh and Iraqi Foreign Minister Hoshyar Zebari have met in Baghdad to discuss how Belarusian companies can help Iraq restore its economy, BelTA learnt from the press service of the Belarusian Foreign Ministry.
A $200-million integrated medical city has opened in central al-Sulaimaniya, the Construction and Housing Ministry in northern Iraq said Tuesday (April 15th).
On last Tuesday, Iraq’s cabinet has approved $588.8 million oilfield service contract with South Korea's Daewoo Engineering & Construction (047040.KS) for the development of the Zubair oil field.
Upon an invitation from the European Union Representative and German Ambassador, Foreign Minister Hoshyar Zebari reviewed at the German Embassy, for the European states' ambassadors accredited in Baghdad, the preparations of the Iraqi government to hold the elections on time.
Minister of Finance Agency Safi-ddin al-Safi touched in Washington with the head of the Middle East and North Africa of the International Monetary Fund Masood Ahmed to discuss the possibility of support given to the Ministry of Finance.
Hamza al-Jawahiri, an oil industry expert, has ruled out the impact of lower exports of Iraqi oil, the Saudi and Libyan on the production of the Organization of Petroleum Exporting Countries (OPEC).
Travelport, a leading distribution services and e-commerce provider for the global travel industry, has today announced the renewal of a multi-year distribution partnership with Rawat-Al Hajer for Travelport technology and services in Iraq.
An oil refinery construction agreement between Iraq's Mosul province and the Kurdish Regional Administration was signed on Monday, says Mosul governor.
Travelport, a leading distribution services and e-commerce provider for the global travel industry, has today announced the renewal of a multi-year distribution partnership with Rawat-Al Hajer for Travelport technology and services in Iraq.
Iraq's largely autonomous Kurdistan region opened the doors to a joint venture refinery operation between Black Diamond Oil Co. and the Rezhwan Co. The new oil refinery will start refining Taq Taq crude oil next week with 1,500 tons being refined on a daily bases.
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