Emerson expands support facility in Iraq

US-based technology and engineering company Emerson has officially opened its expanded facility in Al Majal Business Park in North Rumaila.

The company moved from its existing facility in Albradheya, Basrah to the new facility to increase its capabilities and address the needs of its continuously expanding installed base.

The Al Majal facility will serve as a focal point of Emerson’s sales, project execution, lifecycle services, and educational services in Iraq. It is located in Iraq’s Oilfield Protection Force (OPF) protected area, in the middle of all major oil fields in the country such as Majnoon, West Qurna and Rumaila, allowing Emerson to work closer to national and international oil companies operating in the region. The facility will house a team of 50 Iraqi national engineers, which could double over the next years as the business grows.

The Emerson facility consists of offices, meeting spaces, and a demonstration & training room equipped with Emerson’s portfolio of technologies, including measurement instrumentation, final control devices, control systems, and safety systems. It has access to shared facilities within Al Majal Business Park including an education center that will deliver a wide range of Emerson training courses in automation, and a service center that will support Emerson’s customers throughout the lifecycle of their operations.

Commenting on the inauguration of the facility, Dave Tredinnick, President of Emerson Automation Solutions, Middle East and Africa, said:
“Emerson is committed to building an extensive service infrastructure in Iraq to support national and international companies. We have a significant installed base in the country, and this continues to expand with new project awards.

“The new facility in Al Majal Business Park will allow us to act fast and proactively so that we can help our customers when and where they need us, and maintain a sustainable organization of Iraqi-staffed personnel.“

Loay Almalaieka, Country Manager of Emerson Iraq, said:
“Our new location in Al Majal is an excellent choice for Emerson’s expanding operations in Iraq due to its proximity to oil & gas fields, airport, and seaport, and the park’s community atmosphere complete with living, leisure, and healthcare facilities.

“It will provide a comfortable and homely environment to Emerson’s personnel as they provide critical services and support to our customers’ operations.”

Iraq Daily Journal

JLT Mobile computers supplies Basra Gateway Terminal


Sweden’s JLT Mobile Computers has announced that it has successfully delivered a total of 50 JLT VERSO 12 mobile computers to the Basra Gateway Terminal (BGT).

BGT, a container and multi-purpose cargo handling facility at the port of Umm Qasr, is operated by Philippines-based International Container Terminal Services Inc. (ICTSI); it opened an extension to its facility on 12th October, with the first container lifted by one of two new ship-to-shore cranes during the opening ceremony.

In this part of the Middle East, temperatures can reach the extremes on a daily basis, so it’s essential that the computers used can withstand this environment to ensure that operations keep running seamlessly. Any interruption in service, however small, can have massive knock-on effects on productivity.

Sebastiano Cerneka, ICTSI’s Head of IT for Europe and the Middle East, said:

“Basra Gateway Terminal has one of the harshest operating environments for a port terminal in the world.

“This summer, we recorded a temperature of 53°C, the hottest in the Western Hemisphere. During that time the JLT VERSO 12 computers, which are not used in air conditioned environments, kept working.

“Being able to rely on JLT’s VERSO 12 rugged mobile computers means we can continue to meet the needs of shipping lines and cargo shippers despite the extreme weather and temperatures we experience as a matter of course.“

Iraq Daily Journal

New LinkedIn group to promote small business in Iraq

A new LinkedIn group has been created to help promote new businesses in Iraq.

The Iraqi Crowdsourcing Group is dedicated to Iraqi entrepreneurship, projects, business ideas, solutions to problems Iraqi startups face, and innovation to ensure that successful and efficient new businesses are created.

It has been set up by Aziz Al Nassiri, founder of by RiTS, a small innovative Iraqi consultancy established in 2004, that has already established Iraq’s first Startup Incubator in a collaboration with Al Mansour University, to encourage and inspire their graduates to initiate their own business projects.

Al Nassiri told Iraq Business News:

“Eventually we hope to add crowdfunding to help solve the biggest obstacle Iraqi entrepreneurs face. We hope to connect professionals from all disciplines, academia, government, businessmen and students with Iraqi entrepreneurs and startups.

“We will soon follow up with a website and mobile app to help this group become a main source for inspiration to youth, males and females.

“If you are interested in supporting the creation of a vibrant and ethical Iraqi private sector that absorbs most of the 450,000 new entrants to the Iraqi job market every year, then joining this group is a must. Please spread this message to all your contacts on LinkedIn.“

Iraq Daily Journal

Economic conference for investment projects

The Economic Conference for Investment Projects in Iraq was held on the 17th of October 2016 in partnership with The Supreme Commission for Coordination between Provinces, The National Investment Commission, Trade Bank of Iraq, General Electric, Al-Nowais Investments, and EMEA from the United Arab Emirate

The theme of the conference focused on projects across all Iraqi provinces, to progress work on non-completed projects in addition to the presentation of new investment opportunities in the public sector.

The conference was attended by The Secretary General of the Iraqi Council of Ministers, Dr. Mahdi AL-Alaqalong with Governors of Iraqi Provinces and officials from Government Ministries, as well as Ambassadors represented in the Republic of Iraq.

The conference also saw the participation of the International Finance Company (IFC) and visiting delegates from international banking institutions such as J.P. Morgan, Citibank, Deutsche bank, and Danske Bank as well as local and regional banks operating in Iraq.

It is worth mentioning that this conference is the first of its kind in Iraq which held workshops to discuss investment projects in the Iraqi provinces.

Those workshops were divided into four working groups as follows:
1. Baghdad Province, Baghdad Municipality and Karbala Province.
2. Basra, Najaf, Diyala, and Kirkuk Provinces.
3. Diwaniya, Maysan, Babil and Salaheldeen Provinces.
4. Wasit, Anbar, Muthana, and Thi-Qar Provinces.

Each Governor presented his province’s selected investment projects and had an open discussion with local, regional, and international investors.
The objective of the workshops was to have an open forum for the investors and Provinces’ officials to explore investment opportunities and take practical steps to increase the investments in the Iraqi public sector projects.

Iraq Daily Journal

Central Bank prohibits private companies from foreign currency sales window

The Central Bank of Iraq, on Wednesday, issued a new list of banned companies from entering the foreign currency sales window.

The bank said in a statement, “issued a new list of 102 money exchange companies forbidden from entering the foreign currency sales window.”

The bank said that “these companies practice in the city of Baghdad, Kirkuk, Anbar and Nineveh province, in addition to one company in Karbala.”






Iraq Press Agency

New oil development Opportunities in Iraq

Iraq’s Ministry of Oil has requested proposals from international oil companies interested in developing a number of small- and medium-sized oil fields.

The fields concerned are:
Sindebad (Basra governorate);
Umm Qasr [Um Qaser] (Basra governorate);
Rachi (Basra governorate);
Abu Khema (Basra governorate);
Kumait (Missan governorate);
Noor (Missan governorate);
Umara (Missan governorate);
Dema (Missan governorate);
Dujaila (Missan governorate);
Mid-Euphrates fields (Mergan, Kifl, West Kifl).

The companies already qualified to bid are:
China Zhenhua Oil Company (China)
Dragon Oil (UAE)
Edison (Italy)
Glencore Exploration (Switzerland)
Gulfsands Petroleum (UK)
Inpex (Japan)
Itochu (Japan)
Japex (Japan)
JOGMEC (Japan)
JX Nippon (Japan)
Kuwait Energy (Kuwait)
Mitsui Oil Exploration (MOECO) (Japan)
Mubadala Oil (UAE)
OSJC Rosneft (Russia)
Pertamina (Indonesia)
PetroVietnam (Vietnam)
PTTEP (Thailand)
SNGN Romgaz (Romania)
Crescent Petroleum (UAE)

Tenders from non-qualified companies will also be considered.

Iraq Daily Journal

Rafidain Bank launched dollar sales to citizens in accordance with the guidelines and instructions

Rafidain Bank, on Tuesday, selling the dollar to the beneficiaries in accordance with the regulations maximum of three thousand dollars per person at 1200 dinars per dollar.

Press office of the bank said in a statement, the agency {Euphrates News} received a copy of it today, “based on the Central Bank’s guidelines and the need for citizens to buy dollars when traveling outside the country decided to launch sales in 17 branches in Baghdad and the provinces controls in accordance with the bank.”

He noted that “the conditions required to sell at 1200 dinars to the dollar on condition that the beneficiary offers passport with a ticket and the reason for his need for dollars for the purposes of study and other reasons.”

Euphrates News

New bank in Iraq selects BML Istisharat’s ICBS core banking system


Cortas Islamic Bank, a new Iraqi bank based in Erbil, has selected the ICBS core banking system from regional supplier BML Istisharat.

It will become the tenth user of ICBS in the country. Other uses include Central Bank of Iraq, Erbil Bank, Minare Bank and National Bank of Iraq.

Go-live is scheduled for Q3 2017.

The bank took a broad range of modules:

  • core: parameters and engines, customers and accounts, general batch processing;
  • central modules: Islamic deposits, profit calculation and distribution, local authorities requirements;
  • branches: branch management, chequebooks and clearing cheque handling, bankers’ cheques;
  • Islamic financing: consumer and corporate murabaha, ijarah, istina, personal financing (tawarruq) and interest-free loans such as qard hasan;
  • international modules: inbound/outbound transfers, letters of guarantee.
  • Interfaces ATM/CDM/POS and card management interfaces, interface with payments solutions (RTGS and ACH).