This week in our Iraq Business News newsetter:
Posted on 21 November 2013.
This week in our Iraq Business News newsetter:
Posted on 14 November 2013.
As a result of the disruption in the area, the Iraq Future Energy conference, scheduled to take place in Basra later this month, has had to be postponed — we’ll have more information on that later today.
These unfortunate events contrast starkly with the rest of our news this week, which includes reports of a new $11-billion petrochemical plant, new pipeline deals with Turkey, ‘Big Oil’ spending $25 billion in Iraq next year, an oil find in Iraqi Kurdistan, and shares in a Iraq-focused oil company hitting a new high. We are also pleased to show an excellent new film from Shell on its de-mining operation at Majnoon.
Away from the energy sector, we have details of opportunities to develop post offices throughout Iraq.
As always, you get the full story at Iraq Business News.
Posted on 07 November 2013.
Ask anyone where the most expensive property is in Iraq and you might expect to hear Baghdad, the capital, or Basra, the hub of the southern oil industry.
But according to this report, the highest prices are being paid for development land in Karbala, site of the shrine of Imam al-Hussein, the grandson of the Prophet Mohammed.
These prices are driven largely by a healthy tourist industry, as the city hosts large numbers of pilgrims who visit the shrines, but also be increasing commercial activity in the area.
This can be seen as perhaps another example of Iraq not conforming to expectations, and of people and businesses pressing ahead with development despite the obvious challenges of the security situation.
There is much more to Iraq than the headlines in the international press, and at Iraq Business News we aim to give you the full picture.
Posted on 24 October 2013.
At Iraq Business News we take pride in keeping you up to date on all aspects of Iraqi commerce, connecting you with the information that matters. As part of that mission, we can now help you find the right people to build your Iraqi team.
Our new IBN Jobs Page offers free advertising to employers and new hope to the thousands of job seekers in the region.
We already carry new jobs for Paramedics attached to an oil and gas seismic survey, Distribution Agents in the rubber industry, Demand Planners in the fast moving consumer goods sector, Head of Compliance in a new bank in Baghdad, and many, many more.
If you have a vacancy please go to our job order form to upload the details — all vacancy ads are free for 4 weeks.
Posted on 03 October 2013.
Following its survey of 10 Iraqi cities the market research organisation TNS Mena says Iraq could be “the next big one” for consumer spending.
The company’s CEO, Steve Hamilton-Clark, said:
“Considering the economic slowdown in the developed world, more and more clients would like to enter the Iraqi market which has intrigued marketers for years, however until now there has been very little information available.”
They found that over 50 percent of Iraqi consumers feel that the nation is headed in the right direction and have an optimistic view about the economic and political situation in the country, while 32 percent say that now is the time to buy consumer durables, which, he says, “highlights the potential for marketers“.
How confident do you feel about Iraq’s future? Are you living in Iraq and planning to increase your spending? Please let us know how Iraq looks to you in the comment section below.
Posted on 12 September 2013.
By John Lee.
To put it another way, every working day twenty-five new readers join the ranks of the best-informed business minds in Iraq. Many of these join on the recommendation of friends and colleagues, so a big thanks to all who spread the word.
If you’ve found Iraq Business News useful, why not forward this link to your friends and colleagues so that they can benefit too.
Posted on 05 September 2013.
The international nature of business in Iraq can be seen clearly in the short-list of companies selected to bid for the new $18-billion pipeline to the Jordanian port of Aqaba: The 17 companies represent 11 different nationalities.
Over the past week alone, we’ve also seen a Japanese and Malaysian consortium start commercial production of oil in Dhi Qar, and an Irish explorer commence drilling in Iraqi Kurdistan, while Chinese and American companies were awarded drilling contracts worth $348 million, and a German firm won a deal to equip a cement factory.
That being the case, it is hardly surprising that Iraq Business News has been read in 189 countries in the past month, and our readership continues to increase.
Posted on 29 August 2013.
The sectarian violence continues in Iraq, with 80 people killed in a wave of bombings across Baghdad on Wednesday.
But despite the best efforts of the terrorists, Iraq still presses ahead with its development, and foreign companies continue to seize opportunities to contribute to the country’s growth and prosperity.
In recent days, for example, we’ve seen the announcement of a new Sheraton hotel in Dohuk, an American pest-control company starting operations in Erbil, and a major Japanese industrial company open an office in Basra.
As the Iraqi Consul General in Detroit, Al Manhal Al Safi, said last week:
“There is so much good news coming out of Iraq that no one really sheds light on … The country needs everything, starting with the infrastructure, investments, housing, medical treatment, hospitals, education, schools, and many aspects of life in Iraq.“
And while it’s entirely understandable that news of atrocities makes the headlines in the mainstream media, here at Iraq Business News we remain committed to bringing you the full picture from a business perspective.
Dr. Mark A. DeWeaver
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