Al Baddad International, a subsidiary of Al Baddad Holding recently signed an agreement with IFP global for the construction of three 50 x 210m exhibition halls for the Project Qatar Exhibition set to take place from May 6th to May 9th 2013 at the Doha Exhibition Centre in Qatar.

Encompassing a total area of 40,000 sq. m the three exhibition halls were completed in a record"...

Iraqi Kurdistan government announced on Thursday, April 25 that it was preparing to build two new camps to shelter Syrian refugees in Kurdistan, demanding the Iraqi government to take responsibility towards these refugees.

“Kurdistan’s Prime Minister Nechervan Al Barzani met on Wednesday April 24th with Assistant High Commissioner for Refugees, Janet Lim, and discussed the situation of the Syrian refugees in the region” said Kurdistan’s government, in a press release issued on Thursday 25th, of which Alsumaria got a copy. It revealed that “Al Barzani earmarked...

Iraq’s Central Bank will not remove three zeros from its currency, the dinar, a move it had said it wanted to implement in 2013.

The bank had drawn up plans to start replacing current banknotes with new ones, deleting three zeros and reducing the volume of dinars in circulation with each four billion dinars substituted by one billion dinars.

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Kevin Thorley, Hermes Datacomms Middle East CEO, says, "This is a significant development for our engineers and project managers in Iraq. The company can now offer proactive solutions that improve network performance, capacity and costs in Iraq and be the first to offer the latest technologies and innovative solutions as they emerge. Our engineers and project managers in Iraq have been trained and certified by CommScope Infrastructure Academy and we aim to roll this out worldwide".

Hermes Datacomms customers in Iraq can now access the benefits of the CommScope PartnerPro Network including:

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Turkish oil drilling and production companies must go to Iraq to guarantee resources for the next 30 years, according to an experienced sector representative.

The number of Turkish oil exploration and production firms is fairly low as it takes a long time to get returns. “Therefore nobody takes risks. However, the Turkish firms which want to be champions, and locate a 30-year oil resource, must go to Iraq,” said Orhan Duran, President of Petroleum Platform Association (PETFORM) and Chief Advisor of Genel Energy Plc.

Duran underlined how risky and costly the oil drilling...

Iraqi ministry of oil announced here today that last March oil exports and revenues were increased, in comparison to the previous month.

Spokesman Asim Jihad announced that the exported quantities in March 2013 reached to 74.9 million barrels and the revenues achieved the figure of $ 7.772 billion.

He elaborated that Basra exports reached to 65.1 million barrels,"...

The Head of the Foreign Relations Parliamentary Committee, Humam Hamoodi, hosted the Ambassador of Armenia to Iraq, Murad Moradian, at his office in Baghdad on Saturday.

According to statement issued by Hamoodi’s office received by IraqiNews.com “The two sides discussed during the meeting the means to promote the cooperation relations between the two countries and the possibility to inaugurate a direct travel air line between Iraq and Armenia.”

”The meeting included discussing the traveling procedures for ten children with heart diseases to Armenia for treatment...

The Anglo-Turkish oil and gas independent, Genel Energy, has announced that a second drill-stem test carried out on the Chia Surkh 10 well has confirmed the existence of an additional oil bearing section.

The test was carried out over a 12 metre zone in a younger Miocene section than the the first drill-stem test, and flowed at sustained rates of 3,200 barrels of oil a"...

ZTE Corporation (“ZTE”) (H share stock code: 0763.HK / A share stock code: 000063.SZ), a publicly-listed global provider of telecommunications equipment, network solutions and mobile devices, reported a 35.9% increase in net profit in the first-quarter, as the company’s operational review continued to deliver improvements in cash flow and profitability.

Net"...

Citi Securities and Fund Services has entered in to a definitive agreement to acquire ING’s custody and securities services business in seven Central and Eastern European (“CEE”) markets currently representing €110 billion in assets under custody. ING is a premier provider of custody services in CEE, offering services to many of the world's largest financial institutions.

The"...