Monthly Archives: May 2011

$10m Mall Project Starts in Erbil

May 10th 2011

Al Iraqi

The foundation stone was laid for a new $10m [12 billion Iraqi dinar] commercial complex and shopping centre in Erbil on Sunday.

Samir Abdullah, Minister of Municipalities and Tourism of the Government of the Kurdistan Region, emphasised the importance of Kuwaiti investments in the region.

Nasser Al Sayer, Chairman of the Kuwait Al-Sayer Group of Companies, which owns the project, said, “we chose the Kurdistan region because it enjoys security and stability.”

He added that the shopping centre includes two floors of shops and two floors of parking and extends on an area of ​​eight thousand square meters.

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Al- Saqar Al- Jareh Company Presents a Residential Project to BIC

May 8th 2011

BIC

Al- Saqar Al- Jareh company has presented a residential investment project to BIC, the project is about constructing” Al- Basra New City”.

The director general of the company, Sarah Hameed Meran, said that,” The project plan includes the construction of 5280 residential unit in a modern vertical design, in addition to 963 villas, shops, shopping centre, service buildings, schools, Mosques, Sport and health centers, water desalination plant and power plant”. Indicating that,” the cost of the project is 939 million dollars to be achieved in 10 years and that the project requires an area of 450 acres”.

For his part, the chairman of BIC, Eng. Haider Ali Fadhil, confirmed his full support to the project as well as his readiness to provide all the possible facilities like allocating a suitable land lot for the project and obtaining the approvals of the central and local government to start it. Adding that,” the residential sector represents a top priority for BIC in an attempt to solve the housing problem in Basra”.

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ISC Erbil

SABIS® is an organization that manages schools worldwide. In the academic year 2008-2009, approximately 56,000 students were enrolled in SABIS® schools. The distinguishing mark of these schools is their implementation of the SABIS® Educational System. It is a system that offers a rigorous, internationally-oriented, college-preparatory curriculum for students aged 3 to 18+ focusing primarily on the core subjects of English, mathematics, sciences, and world languages.

The first school in what has grown to be the SABIS® School Network was the International School of Choueifat. It was founded in 1886 in the village of Choueifat, a suburb of Beirut, Lebanon. Currently, the SABIS® School Network consists of Member and Associate Member schools that operate in the private and public sectors worldwide. These schools all implement the SABIS® Educational System, although each one of them remains financially and administratively independent.

THE INTERNATIONAL SCHOOL OF CHOUEIFAT – ERBIL opened for students in September 2006. Today, in its fifth year of operation and after adding one grade level every year, ISC-ERBIL welcomes students in KG1 through Grade 10. Offering a high-quality education to its students, ISC-Erbil is a member of the SABIS® School Network, which consists of schools in 15 countries and provides education to more than 64,000 students.

ISC-Erbil moved to a permanent campus in August 2008. The state-of-the-art campus, which can house up to 2,500 students, includes a semi-Olympic sized swimming pool, as well as modern classrooms, laboratories for the sciences and IT, a library, and staff accommodation.

Click here to visit the schools’ website directly

 

Parliamentary reconciliation assembly formed

10.05.2011

AKNews

Baghdad – A parliamentary assembly to reconcile sectarian factions and bring them into the political process was formed today.

Member of Parliament, Alaa Talabani, at a press conference announcing its formation, said: “The function of assembly is to stimulate the political parties to adopt legislation that will contribute to national reconciliation and the laying down of arms by sectarian groups, such as reviewing the law of accountability and justice and the law of amnesty.”

Click here to read full article on www.aknews.com

 

Romania prepares to open consulate in Kurdistan

May 6th 2011

KRG.ORG

Erbil, Kurdistan – (KRG.org) – A delegation from Romania’s Foreign Ministry met President Masoud Barzani and Prime Minister Barham Salih in Erbil and announced plans to open a consulate in the Kurdistan Region’s capital by the summer.

President Barzani briefed the delegation on the region’s relations with Baghdad and on the latest political developments in Iraq and throughout the Middle East. Commenting on Romania’s new representation, Mr Mihai Botorog, the head of the delegation and General Manager of the Foreign Ministry’s Consular Department, said, “Romania is on track to join the European Schengen visa area this year, and our consulate in Erbil will provide consular services to individuals and business people based on European standards.”

The delegation also met Prime Minister Salih to discuss areas of possible future cooperation. Mr Botorog emphasised that the Romanian government is particularly interested in promoting economic and business ties, saying, “Upon the opening of the consulate, we want to host an economic forum here.”

In their meeting with the Head of Foreign Relations Minister Falah Mustafa Bakir, he assured the delegation that the Kurdistan Regional Government (KRG) attaches great importance to maintaining and strengthening relations with its neighbours and all of the international community. He said, “The Kurdistan Region has enjoyed prosperity and stability for many years, and we welcome normal, stable relations with our neighbors for our mutual benefit,” he said.

Mr Bakir also informed the delegation about areas of particular interest for the KRG and possible areas for cooperation and coordination. He said, “The KRG hopes to further develop the Kurdistan Region by initiating more projects related to infrastructure, agriculture, energy, health, education, tourism and other areas which are of great importance to our citizens”.

Currently the Kurdistan Region is home to 20 consulates and official foreign offices, with the Republic of Romania being the latest country announcing preparations to open an official representation in the region.

Click here to read full article on www.krg.org

Prime Minister Salih’s statement on oil export payments

May 5th 2011

KRG.ORG

The Kurdistan Regional Government (KRG) has received a written notice from the federal Ministry of Finance in Baghdad, confirming release of the first oil export payment to the KRG contractors, Prime Minister Barham Salih announced today.

The Prime Minister said, “This confirmation of payment to the KRG for the Region’s contractors amounts to around 50 percent (US$243 million) of net revenues derived from the export of over 5 million barrels of oil from the Kurdistan Region between the start of February 2011 and March 27.”

The payment is part of the recent interim agreement on revenue allocation reached by the KRG with the federal Prime Minister Nuri al Maliki and the federal Ministers of Oil and Finance.

That arrangement allowed for the resumption of oil exports from newly discovered fields in the Kurdistan Region, marketed by the federal government’s State Oil Marketing Organization (SOMO), and with a percentage of the revenues going via the KRG to the contractors to pay exploration and extraction costs.

“This is a significant and welcome step forward for the Kurdistan Region and Iraq,” the Prime Minister said. “I am pleased that the KRG and its contractors are making an important contribution to Iraq’s oil output and thus to the revival of Iraq’s economy.”

The Prime Minister said, “The triggering of the oil payments mechanism signifies the commitment to resolve the outstanding issues between Erbil and Baghdad in accordance with Iraq’s Constitution.”

He said “This positive development will add impetus to discussions over a long-delayed raft of federal oil and gas related legislation. The dispensation of the costs to the relevant companies will adhere to our agreement and in accordance with verifiable auditing standards.”

“It augurs well for the timely passage of a federal hydrocarbons law, a federal revenue sharing law, and the other federal oil legislation,” the Prime Minister said, adding, “Articles 18 and 19 of the KRG’s Oil and Gas Law, passed in 2007, explicitly commit the KRG to cooperation with the federal government in pursuance of the federal constitution requirement to ‘generate maximum revenues in a timely manner for the benefit of the people of Iraq’.”

Click here to read full article on www.krg.org

Baghdad-Aleppo Railway Connection Completed

May 2nd 2011

AK News

Baghdad, May 2 (AKnews) – The railway connecting Baghdad with the Syrian city, Aleppo, was officially completed yesterday, the Iraqi Transport Ministry announced.

The project involved constructing a connecting spur, 150 km long. The trains will travel up to 100 kilometers per hour.

Spokesperson for the General Railways Company Jawad al Kharsan told AKnews: “The railway line between Baghdad and Aleppo would be the most important transmission lines owned by Iraq as it will enhance commercial and economic exchanges between Baghdad and Syria, and it will contribute to the transportation of passengers.”

The Directorate of Railways has confirmed this month that its financial takings reached to IQD1.6 billion in March. Iraq’s Transport Ministry announced that the next round of railway licensing round will be launched soon.

Click here to read full article on www.aknews.com

 

Parliamentary Committee to Discuss Contraversial Kurdish Oil Contracts

May 2nd 2011

AK News

Baghdad, May 2 (AKnews) – The Oil and Energy Parliamentary Committee will discuss the controversial oil contracts awarded by the Kurdistan Regional Government (KRG) in Iraq amid objections from the Federal Oil Ministry, it was announced today.

The contracts were awarded in 2009 by the KRG, but were never officially recognized by the central government in Iraq, who said that only they had the right to sign such deals. There is confusion about whose jurisdiction this falls under, with Prime Minister Noori al Maliki giving mixed messages and the law unclear.

Member of Parliament, Furat al Sharei, who sits on the Oil and Energy Committee, today accused the Oil Ministry of over reacting to the issue. He said that this situation highlights the legal and technical obstacles that hinder investment.

“All that needs to happen is, the contracts need simple reviews to make sure they are within the legal framework set by the Oil Ministry,” he said.

The Federal Oil Ministry last week renewed its rejection of the contracts awarded by the KRG to 40 companies, including Norwegian oil firm DNO, declaring them illegal. Oil exports resumed after nearly two years earlier this year after the KRG and the Iraqi Government reached a temporary agreement on exports.

Click here to read full article on www.aknews.com

 

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