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	<title>Iraq Business News</title>
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	<link>http://www.iraq-businessnews.com</link>
	<description>All the latest business news from Iraq</description>
	<lastBuildDate>Thu, 17 May 2012 03:46:01 +0000</lastBuildDate>
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		<title>Investment Commission Website Hijacked</title>
		<link>http://www.iraq-businessnews.com/2012/05/17/investment-commission-website-hijacked/</link>
		<comments>http://www.iraq-businessnews.com/2012/05/17/investment-commission-website-hijacked/#comments</comments>
		<pubDate>Thu, 17 May 2012 03:46:01 +0000</pubDate>
		<dc:creator>Editor</dc:creator>
				<category><![CDATA[Blog]]></category>
		<category><![CDATA[Security]]></category>
		<category><![CDATA[Basra Investment Commission]]></category>

		<guid isPermaLink="false">http://www.iraq-businessnews.com/?p=42190</guid>
		<description><![CDATA[It might not seem so important in a country faced with such major post-conflict challenges, but getting the basics of communication right should be a necessary function of any government department or state agency. A key element of communication has to be the website, but it is remarkable how many Iraqi government websites are out [...]]]></description>
			<content:encoded><![CDATA[<p>It might not seem so important in a country faced with such major post-conflict challenges, but getting the basics of communication right should be a necessary function of any government department or state agency.</p>
<p>A key element of communication has to be the website, but it is remarkable how many Iraqi government websites are out of date or even expired; to take just two examples, the Iraqi Parliament website&#8217;s English pages have not been updated for nearly three years, while the Petroleum Contracts Licensing Directorate (PCLD) has let its domain registration elapse.</p>
<p>But even more embarrassingly this week, the website of the <strong>Basra Investment Commission</strong> was hijacked by foreign political group, whose name we will not mention as we don&#8217;t want to help their publicity effort; having broadcast the group&#8217;s propaganda, the site is currently &#8220;down for maintenance&#8221;.</p>
<p>Instead of the ubiquitous animated graphics and analogue clock, those in charge of public sector websites should aim to provide clear, understandable and reliable information to Iraqis and foreigners alike.</p>
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		<title>South Korea’s Hanwah to Sign $7bn Iraq Housing Project</title>
		<link>http://www.iraq-businessnews.com/2012/05/17/south-koreas-hanwah-to-sign-7bn-iraq-housing-project/</link>
		<comments>http://www.iraq-businessnews.com/2012/05/17/south-koreas-hanwah-to-sign-7bn-iraq-housing-project/#comments</comments>
		<pubDate>Thu, 17 May 2012 01:53:02 +0000</pubDate>
		<dc:creator>Editor</dc:creator>
				<category><![CDATA[Construction & Engineering]]></category>
		<category><![CDATA[Bloom Properties]]></category>
		<category><![CDATA[Hanwha]]></category>
		<category><![CDATA[korea]]></category>
		<category><![CDATA[National Investment Commission]]></category>
		<category><![CDATA[NIC]]></category>
		<category><![CDATA[UAE]]></category>
		<category><![CDATA[United Arab Emirates]]></category>

		<guid isPermaLink="false">http://www.iraq-businessnews.com/?p=42138</guid>
		<description><![CDATA[Sami al-Araji, chairman of Iraq’s National Investment Commission (NIC), has told Bloomberg that Iraq will soon sign a $7 billion agreement with South Korea’s Hanwha Engineering &#38; Construction Corporation [Hanwah] to build 100,000 housing units in the country. The commission is also due to sign a contract with the UAE-based Bloom Properties to build 40,000 [...]]]></description>
			<content:encoded><![CDATA[<p>Sami al-Araji, chairman of Iraq’s <strong>National Investment Commission (NIC)</strong>, has told Bloomberg that Iraq will soon sign a $7 billion agreement with South Korea’s <strong>Hanwha Engineering &amp; Construction Corporation</strong> [Hanwah] to build 100,000 housing units in the country.</p>
<p>The commission is also due to sign a contract with the UAE-based <strong>Bloom Properties</strong> to build 40,000 houses in Karbala province. Two years ago the government approved plans to build 1 million housing units for lower- and middle-income families by 2014.</p>
<p>An adviser to the NIC said Iraq is currently in talks with international companies to build infrastructure projects valued at a total of about $100 billion; the commission has already awarded $32 billion of infrastructure projects since 2008.</p>
<p><em>(Source: Bloomberg)</em></p>
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		<title>Iran Khodro to Make 30,000 Cars in Iraq This Year</title>
		<link>http://www.iraq-businessnews.com/2012/05/17/iran-khodro-to-make-30000-cars-in-iraq-this-year/</link>
		<comments>http://www.iraq-businessnews.com/2012/05/17/iran-khodro-to-make-30000-cars-in-iraq-this-year/#comments</comments>
		<pubDate>Thu, 17 May 2012 01:52:47 +0000</pubDate>
		<dc:creator>Editor</dc:creator>
				<category><![CDATA[Construction & Engineering]]></category>
		<category><![CDATA[Industry & Trade]]></category>
		<category><![CDATA[Cars]]></category>
		<category><![CDATA[Iran]]></category>
		<category><![CDATA[Iran Khodro]]></category>

		<guid isPermaLink="false">http://www.iraq-businessnews.com/?p=42166</guid>
		<description><![CDATA[Bloomberg reports that Iran Khodro, the country’s largest carmaker, plans to manufacture 30,000 cars at its production site in Iraq this year. The company is delivering components to the plant for assembly, mostly for the Samand sedan model (pictured). Operations at the plant, which has received investment from a local partner, started in 2011, the [...]]]></description>
			<content:encoded><![CDATA[<p>Bloomberg reports that<strong> Iran Khodro</strong>, the country’s largest carmaker, plans to manufacture 30,000 cars at its production site in Iraq this year.</p>
<p>The company is delivering components to the plant for assembly, mostly for the Samand sedan model (pictured).</p>
<p>Operations at the plant, which has received investment from a local partner, started in 2011, the company said, without giving details about the partnership or the location.</p>
<p><em>(Source: Bloomberg)</em></p>
]]></content:encoded>
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		<item>
		<title>Gazprom to Start Pumping from Badrah early-2013</title>
		<link>http://www.iraq-businessnews.com/2012/05/17/gazprom-to-start-pumping-from-badrah-early-2013/</link>
		<comments>http://www.iraq-businessnews.com/2012/05/17/gazprom-to-start-pumping-from-badrah-early-2013/#comments</comments>
		<pubDate>Thu, 17 May 2012 01:52:38 +0000</pubDate>
		<dc:creator>Editor</dc:creator>
				<category><![CDATA[Oil & Gas]]></category>
		<category><![CDATA[Badra]]></category>
		<category><![CDATA[Badrah]]></category>
		<category><![CDATA[Gazprom]]></category>
		<category><![CDATA[KOGAS]]></category>
		<category><![CDATA[oil export]]></category>
		<category><![CDATA[oil production]]></category>
		<category><![CDATA[Petronas]]></category>
		<category><![CDATA[TPAO]]></category>

		<guid isPermaLink="false">http://www.iraq-businessnews.com/?p=42173</guid>
		<description><![CDATA[Russia’s Gazprom Neft is expecting to start exporting from its East Badrah oil field in Wasit [Wassit] province early next year, according to AKnews. Alexander V Kolomatsky, Project director for the Middle East at Gazprom, said the company had initially planned to reach the 15,000 bpd level by the last quarter of 2013 because the [...]]]></description>
			<content:encoded><![CDATA[<p>Russia’s <strong>Gazprom Neft</strong> is expecting to start exporting from its East Badrah oil field in Wasit [Wassit] province early next year, according to AKnews.</p>
<p>Alexander V Kolomatsky, Project director for the Middle East at Gazprom, said the company had initially planned to reach the 15,000 bpd level by the last quarter of 2013 because the oil field, which is near Iraq’s border with Iran, had to be first cleared of landmines.</p>
<p>But progress in the de-mining work however has led to this figure being pulled forward to early 2013, with 60,000 bpd expected by mid year, and 120,000 bpd by the beginning of 2014.</p>
<p>The field, which has estimated reserves of 100 million barrels of oil, is being developed by <strong>Gazprom</strong> (30%), Korea’s <strong>KOGAS</strong> (22.5%), Malaysia’s <strong>Petronas</strong> (15%), Turkey’s <strong>TPAO</strong> (7.5%), and Iraq (25%).</p>
<p><em>(Source: AKnews. Iraq Energy)</em></p>
]]></content:encoded>
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		<item>
		<title>Mosul Uni Links Up with Northern Irish Bioscience Institute</title>
		<link>http://www.iraq-businessnews.com/2012/05/17/mosul-uni-links-up-with-northern-irish-bioscience-institute/</link>
		<comments>http://www.iraq-businessnews.com/2012/05/17/mosul-uni-links-up-with-northern-irish-bioscience-institute/#comments</comments>
		<pubDate>Thu, 17 May 2012 01:52:21 +0000</pubDate>
		<dc:creator>Editor</dc:creator>
				<category><![CDATA[Agriculture]]></category>
		<category><![CDATA[Education & Training]]></category>
		<category><![CDATA[Agri-Food and Biosciences Institute (AFBI)]]></category>
		<category><![CDATA[Mosul]]></category>
		<category><![CDATA[University of Mosul]]></category>

		<guid isPermaLink="false">http://www.iraq-businessnews.com/?p=42158</guid>
		<description><![CDATA[The University of Mosul has signed a Memorandum of Understanding (MoU) with Northern Ireland&#8217;s Agri-Food and Biosciences Institute (AFBI) to increase collaboration and student exchange in areas such as food sciences. AFBI provides expert diagnostic and analytical testing services to the Northern Ireland agri-food industry, and to clients abroad, and the Belfast Telegraph reports that [...]]]></description>
			<content:encoded><![CDATA[<p>The University of Mosul has signed a Memorandum of Understanding (MoU) with Northern Ireland&#8217;s <strong>Agri-Food and Biosciences Institute (AFBI)</strong> to increase collaboration and student exchange in areas such as food sciences.</p>
<p>AFBI provides expert diagnostic and analytical testing services to the Northern Ireland agri-food industry, and to clients abroad, and the Belfast Telegraph reports that it is among is among eight companies and organisations on the current <strong>Invest NI</strong> mission to Kurdistan.</p>
<p>The University of Mosul was established in 1967 and has centres of excellence in disciplines such as computing, environmental and water resources, sensors and agriculture.</p>
<p>Dr Margaret Patterson, AFBI&#8217;s head of food microbiology, said the agri-food industry will benefit from the link-up:</p>
<p style="padding-left: 30px;">&#8220;<em>We see the MoU as the first stage in a relationship that could bring positive benefits to both AFBI and the University of Mosul. Initially, it will bring students from the university to work alongside our expert teams in knowledge transfer activities that will benefit Kurdistan.</em>&#8220;</p>
<p><em>(Source: Belfast Telegraph)</em></p>
]]></content:encoded>
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		<item>
		<title>Tehran, Baghdad to Resume Talks on Joint Oil Projects</title>
		<link>http://www.iraq-businessnews.com/2012/05/17/tehran-baghdad-to-resume-talks-on-joint-oil-projects/</link>
		<comments>http://www.iraq-businessnews.com/2012/05/17/tehran-baghdad-to-resume-talks-on-joint-oil-projects/#comments</comments>
		<pubDate>Thu, 17 May 2012 01:51:09 +0000</pubDate>
		<dc:creator>Editor</dc:creator>
				<category><![CDATA[Oil & Gas]]></category>
		<category><![CDATA[Aban]]></category>
		<category><![CDATA[borders]]></category>
		<category><![CDATA[Dehloran]]></category>
		<category><![CDATA[Iran]]></category>
		<category><![CDATA[Naftshahr]]></category>
		<category><![CDATA[National Iranian Central Oilfields Company]]></category>
		<category><![CDATA[Paydar Gharb]]></category>
		<category><![CDATA[Sohrab]]></category>

		<guid isPermaLink="false">http://www.iraq-businessnews.com/?p=42149</guid>
		<description><![CDATA[Iran and Iraq will start new round of talks in Tehran on 26th May on issues such as developing the Sohrab joint oilfield and establishing a joint oil company, Iran&#8217;s Mehr News Agency reports. The managing director of the National Iranian Central Oilfields Company, Mehdi Fakour, said that eight drilling rigs are currently in operation [...]]]></description>
			<content:encoded><![CDATA[<p>Iran and Iraq will start new round of talks in Tehran on 26th May on issues such as developing the Sohrab joint oilfield and establishing a joint oil company, Iran&#8217;s Mehr News Agency reports.</p>
<p>The managing director of the <strong>National Iranian Central Oilfields Company</strong>, Mehdi Fakour, said that eight drilling rigs are currently in operation in oilfields that are shared with Iraq, and that the output is &#8220;satisfactory&#8221;.</p>
<p>Iran reportedly produces 68,000 barrels per day of crude oil from four oilfields associated with Iraq: Naftshahr, Paydar Gharb, Dehloran and Aban.</p>
<p>Oil Minister Rostam Qasemi said in August 2011 that the Iranian government should consider plans for the development of joint oilfields in the border areas with Iraq.</p>
<p>By the end of the fifth development plan (2015), the country&#8217;s oil production must increase to 5.2 million barrels per day (bpd) and this should happen from the country&#8217;s joint fields,&#8221; the ISNA News Agency quoted Qasemi as saying.</p>
<p>In January, <a  href="http://www.iraq-businessnews.com/2012/01/16/iraq-and-iran-to-jointly-develop-oilfields/">Iran and Iraq announced</a> that the two countries have reached an agreement to develop joint oil fields in border areas to increase their crude output.</p>
<p><em>(Source: Tehran Times)</em></p>
]]></content:encoded>
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		<item>
		<title>Hashemi Trial Begins amid Signs the Iraqi Constitution Is Dying</title>
		<link>http://www.iraq-businessnews.com/2012/05/17/hashemi-trial-begins-amid-signs-the-iraqi-constitution-is-dying/</link>
		<comments>http://www.iraq-businessnews.com/2012/05/17/hashemi-trial-begins-amid-signs-the-iraqi-constitution-is-dying/#comments</comments>
		<pubDate>Thu, 17 May 2012 01:50:30 +0000</pubDate>
		<dc:creator>Editor</dc:creator>
				<category><![CDATA[Politics]]></category>
		<category><![CDATA[Norwegian Institute of International Affairs]]></category>
		<category><![CDATA[Reidar Visser]]></category>

		<guid isPermaLink="false">http://www.iraq-businessnews.com/?p=42143</guid>
		<description><![CDATA[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. [...]]]></description>
			<content:encoded><![CDATA[<p><em>The following article <a  href="http://gulfanalysis.wordpress.com/2012/05/15/the-hashemi-trial-begins-amid-signs-the-iraqi-constitution-is-dying/" target="_blank">was published</a> by <strong></strong><strong></strong><a  href="http://historiae.org/index.asp" target="_blank"><strong>Reidar Visser</strong></a>, an historian of Iraq educated at the University of Oxford and currently based at the <strong>Norwegian Institute of International Affairs</strong>. It is reproduced here with the author’s permission. Any opinions expressed are those of the author, and do not ne<em>cessarily reflect the views of<a href="../"> Iraq Business News</a></em></em>.</p>
<p>It was perhaps inevitable. An Iraqi politician would eventually declare the Interpol red flag notice for Vice President Tareq al-Hashemi “unconstitutional”.</p>
<p>There are many good reasons for being critical about the reasons that led to the original prosecution of Hashemi. In particular, the timing of the original Iraqi arrest warrant – just hours after the departure of the last US forces from Iraq in December 2011 – smacked of political opportunism. Subsequent allegations about mistreatment of the imprisoned guards of the Iraqi vice president have been met with unsatisfactory replies from the Iraqi judiciary that have prompted suspicion of whitewash on more than one occasion.</p>
<p>However, the Interpol red flag notice is in itself not “unconstitutional”. Iraq is an Interpol member and the government has the option of turning to Interpol to request international assistance for bringing suspects to court. The built-in checks and balances in the system in this case have nothing to do with the Iraqi constitution as such but with the ability of other Interpol member countries – including Turkey, where Hashemi is currently staying – to ignore the warrant or deny extradition if they judge its basis to be unsound or the prospects of a fair trial unlikely. This is precisely what Turkey is doing.</p>
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		<item>
		<title>Hill International Wins $3.3m Stadium Contract</title>
		<link>http://www.iraq-businessnews.com/2012/05/16/hill-international-wins-3-3m-stadium-contract/</link>
		<comments>http://www.iraq-businessnews.com/2012/05/16/hill-international-wins-3-3m-stadium-contract/#comments</comments>
		<pubDate>Wed, 16 May 2012 01:56:31 +0000</pubDate>
		<dc:creator>Editor</dc:creator>
				<category><![CDATA[Construction & Engineering]]></category>
		<category><![CDATA[Al Risafa Stadium]]></category>
		<category><![CDATA[Baghdad]]></category>
		<category><![CDATA[Hill International]]></category>
		<category><![CDATA[stadiums]]></category>

		<guid isPermaLink="false">http://www.iraq-businessnews.com/?p=42055</guid>
		<description><![CDATA[Hill International, the global leader in managing construction risk, announced on Monday that it has been awarded a contract by the Iraq Ministry of Youth and Sports to provide project management services in connection with construction of the new Al Risafa Sports Stadium in Baghdad, Iraq. The three-year contract has an estimated value to Hill [...]]]></description>
			<content:encoded><![CDATA[<p><strong>Hill International</strong>, the global leader in managing construction risk, announced on Monday that it has been awarded a contract by the Iraq Ministry of Youth and Sports to provide project management services in connection with construction of the new Al Risafa Sports Stadium in Baghdad, Iraq.</p>
<p>The three-year contract has an estimated value to Hill of approximately IQD 3.8 billion ($3.3 million).</p>
<p>The new Olympic-sized, 30,000-seat stadium, which will be designed to comply with FIFA standards, is expected to have a construction cost of approximately IQD 116 billion ($100 million).</p>
<p>&#8220;We are honored that the Ministry of Youth and Sports continues to show confidence in Hill,&#8221; said Mohammed Al Rais, Senior Vice President and Managing Director (Middle East) for Hill&#8217;s Project Management Group. &#8220;We look forward to helping manage construction of this prestigious project,&#8221; Al Rais added.</p>
<p><em>(Source: Hill International)</em></p>
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