Archive | December 1, 2011

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Rail Revenues Up 25%

The revenues of the Iraqi Republic Railways Company were 24.5 percent higher in October than in September, according to AKnews. The Transport Ministry announced that the IRR’s revenues reached 1.6 billion IQD ($1.3 million USD) in October, compared to 1.3 billion IQD ($1.1 million USD) the previous month. Only 9.6 percent (153 million IQD/$128,300 USD) […]

Foreign Companies Keen to Work for Missan Oil

Aswat al-Iraq reports that a number of American, Malaysian, French and Japanese companies are interested in working in southern Iraq’s Missan Oil Company. “The Internatoinal Oil Gas Exhibition, held in Basra Province, saw visits by dozens of foreign companies to the Missan Oil Company pavilion,” Ali Abbas al-Turfy told the news agency, adding that “more […]

Palestinian Authority Opens Consulate in Kurdistan

This week the Palestinian Authority became the 22nd country to establish a diplomatic representation in the Kurdistan Region. The Consulate General will be headed by Ambassador Nazmi Hazouri, and will join the other countries that have already established a strong presence in the region with Consulate Generals. Ambassador Hazouri, who arrived in the region in […]

Finally, Some Good Sunni Federalism

The following article was published by Reidar Visser, an historian of Iraq educated at the University of Oxford and currently based at the Norwegian Institute of International Affairs. It is reproduced here with the author’s permission. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. […]

Bankers Flock to Iraq Despite Dangers

According to a report in the Financial Times, violence is not deterring investment bankers hungry for potentially lucrative deals in Iraq. Over the past year, a trickle of visits from intrepid bankers has turned into a steady stream of senior executives from some of the world’s largest financial institutions. “The international banks can smell the […]

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Weekly Security Update for 1st December 2011

As the US military withdrawal continues, levels of violence rose in Iraq over the past week. Incidents were concentrated in Baghdad, Mosul and Kirkuk, while the southern city of Basrah also saw a bomb attack the day before an international oil and gas conference opened in the city. Otherwise there has been a countrywide rise […]

US Will Not Abandon Iraq

The withdrawal of US troops from Iraq enters its final month, but it would be a mistake to think that this leaves Iraq without the support of the world’s biggest economy. On Thursday the US and Iraq issued a joint statement re-affirming their commitment to “forging a strong partnership based on mutual interests that will […]

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