Category Archive » IRAQ News

Arabtec to Expand to Iraq

Arabtec Holding PJSC has announced its intention to open an office in the Iraqi capital, Bagdad, to capitalize on the country’s high potential, particularly in oil and gas and infrastructure.

The opening of Arabtec’s office in Baghdad to facilitate the company’s planned growth in the Iraqi Market is in line with the Company’s business growth strategy to diversify into higher-margin segments, particularly infrastructure and oil and gas.

The office will serve as a platform for expansion by Arabtec Holding’s joint ventures and subsidiaries, in what is expected to become the the region’s most lucrative construction market. Arabtec is already in advanced discussions with a number of clients in Iraq for large-scale projects in its target sectors

UK Appoints New Trade Envoy to Iraq

thumbBaroness Emma Nicholson of Winterbourne has been appointed as the new Trade Envoy for the United Kingdom to Iraq.

Baroness Nicholson was personally appointed by the Prime Minister to act on behalf of the British Government to increase trade and economic co-operation between the United Kingdom and Iraq.

More than [37] billion dollars, the volume of investment in Kurdistan

Kurdistan Regional Government announced that the volume of investment in the region amounted to more than [37] billion dollars.

A statement of the provincial government received by all of Iraq [where] a copy of the source in the form of investment Kurdistan say that “the volume of investment in the region now stands at more than [37] billion dollars, an increase of over 100% compared to 2012.”

The source, according to the statement that he “has been allocated [48,712] dumdums of land for the purposes of the implementation of the [644] investment projects in the provinces of Erbil, Sulaymaniyah and Dohuk and the share of the province of Erbil, which more than [21] billion dollars and Sulaymaniyah [11.4] billion dollars, come Dohuk governorate third place Investment in the amount of [4.56] billion dollars. ”

– See more at: http://www.oneiraqidinar.com/37-billion-dollars-volume-investment-kurdistan

Central Bank raises guardianship for Warka Bank

Decided to CBI, on Thursday, lifting the trusteeship imposed by the Warka Bank since 2012 to find work since 2010, and specialize in what was described the decision as “good financially,” Daian government to “maintain the financial situation in the country.”

A source at the Central Bank in an interview with the (long-Presse), “The bank decided, today, lifting the trusteeship, which was imposed on the Warka Bank since 2012,” noting that “the central bank impose a trusteeship after tumble work of the bank in 2010.”

Policies to Attract Private Investment

Capstone Meetings Highlight Policies to Attract Private Investment and Advance Iraq’s Economic Developmenthe U.S. Embassy’s Minister Counselor for Economic Affairs, Robin Matthewman (pictured), joined high-level Iraqi officials and international experts in opening a two-day series of “Capstone Meetings” to discuss ways to attract private investment into Iraq. He National Investment Commission (NIC) of Iraq hosted the meetings in cooperation with the U.S. Embassy and the Organization for Economic Cooperation and Development (OECD), which has been working with Iraq since 2007 under a grant from the United States Department of State. he meetings opened with a message from Deputy Prime Minister Rowsch Nuri Shaways, followed by remarks from Council of Representatives Economic and Investment Committee Vice Chair Mohammed Salman Al-Saady, Chairman of the Prime Minister’s Advisory Council Dr. Thamir Ghadban, and Chairman of the National Investment Commission Dr. Sami Al-Araji.In her remarks at the opening session, Minister-Counselor Matthewman noted:“The United States is committed to supporting Iraq as it works to promote the growth and development of a diversified economy that will create jobs for a growing work force.“Iraq faces formidable challenges, but every day we see Iraqis – in the government and in society – striving to overcome these challenges and move the country forward. We know that you have put an enormous amount of work into your strategies on investment, public private partnerships, procurement and housing. Iraq’s National Development Plan calls for $75 billion in private sector investment.“The key to achieving that target is to create an environment that allows private investors – both domestic and foreign – to respond to market opportunities. We hope these meetings will help Iraq achieve its objectives by harnessing the power of market forces.

Posted on 06 February 2014.

Iraqi Committee – Russia signed an agreement to discuss proposals for investment and training staffs

Russian joint headed by Foreign Minister Hoshyar Zebari preparatory meeting at the headquarters of the Ministry of Electricity in preparation for its first meeting next year.

A spokesman for the Ministry of Electricity Musab teacher in a statement that “the meeting was chaired by Khaled Hassan al-Samarrai, Undersecretary of the Ministry of Electricity for production, on behalf of the Minister of Foreign Affairs Head of the Iraqi side, the meeting was attended by representatives of all Iraqi ministries, as well as representatives of the General Secretariat of the Council of Ministers and Central Bank and the Federation of Chambers of Commerce and the Federation of businessmen. ” And the teacher said, “The meeting discussed the laws that govern cooperation and proposals on the Iraqi side signed an agreement to encourage the investment of Russian companies, and the possibility of training opportunities for Iraqi cadres, as well as the modification of all ministries paragraphs contained in the draft of the minutes of the meeting of this committee

08/02/2014 BAGHDAD

Electricity: production of energy in the Middle Euphrates more than [3] thousands of megawatts

The electricity Ministry announced the arrival of electric power production in the Middle Euphrates more than 3,000 megawatts. A spokesman for the Ministry of electricity-the teacher who received all Iraq in “production plants of electricity Directorate in the Middle Euphrates arrived [3060] megawatts.”The teacher added that production would increase in the coming days after the completion of maintenance and rehabilitation of some units, despite the low pressure gas to natural gas stations. The electricity Ministry said 29 of last month near processing citizens [24] hours from the mains after entering production plants and linked to the national grid system.

It said in a statement that the Ministry “will of citizens [24] hours of electricity as of next week [last week] after the increase in the processing [12] hours,” adding that “the production system was [12100] megawatts, while total energy demand [viewed] megawatts.” over

Saturday, 08 February 2014

Events

1_011_02

About Us

Iraqi Business Council - Abu Dhabi

P.O.BOX - 31270, Cornish RD, RAK Bank Building, 1504

Abu Dhabi, United Arab Emirates

Tel: + 971 2 6271570

Fax: + 971 2 6271580

Email: [email protected]

Web: www.ibcad.com

Menu Title