In a recent opinion piece in the Times, Lord Jeffrey Archer was enthusiastic about the opportunities to be grasped in modern Iraq: "Today [Baghdad] is a boom town, rather than a bomb site. If I were a young man, looking to make my fortune, I would be off to Iraq like a shot." " ... […]
The spokesman of the Kurdistan Regional Government (KRG) has dismissed reports that a U.S.-Iraqi delegation will visit Kurdistan to investigate allegations of oil exports to Iran. Kawa Mahmoud, the KRG spokesman, told AKnews that even if the U.S. delegation arrives in the Region, the visit will be limited to issues concerning the formation of the […]
A memorandum of understanding signed with Iraqi officials calls for the import of as much as 300 million cubic feet (8.6 million cubic meters) of gas per day from Iran, an Iranian director said. Javad Oji, a managing director at the National Iranian Gas Co (NIGC), said an Iranian delegation traveled to Iraq at the […]
Two oilfields in western Karbala have been listed by the oil ministry within its next oil licensing round, the Mayor of the Ain al-Tamr district said on Tuesday. “The ministry listed the two oilfields of Naft al-Khadiera, which were discovered in 1991 in the Ain al-Tamr district, within the next licensing round to be invested […]
The Export-Import Bank of the United States (Ex-Im Bank) has opened in Iraq to help finance short-term and medium-term sales of U.S. exports to Iraqi buyers in both the public and private sectors. "Iraq's economy is growing, offering specific opportunities for U.S. exporters in a variety of industries. Ex-Im Bank can help by reducing the […]
The value of investment projects in the Iraqi capital has reached $100 billion [120 trillion Iraqi dinars], the Baghdad Mayoralty said on Tuesday. “The investments are in the housing, hotels, malls, theme parks, and resorts sectors,” the mayoralty said in a press release received by Aswat al-Iraq news agency. It noted that the Baghdad Mayoralty […]
Kuwait News Agency (KUNA) reports that permission has been granted for a $250 million [300 billion Iraqi dinars] investment to build a business village near Baghdad international airport, provided that it is completed within 5 years. The agency quotes the 'Iraqi Babylon Investment Authority', which we believe to be the Baghdad Investment Commission. Chairman of […]
Business opportunities and investment prospects in Iran and Iraq will be reviewed in a conference in Tehran on August 8. The Director of the Iranian Privatization Organization (IPO), Gholam-Reza Kord-Zanganeh, who is also secretary of the conference, said that they aim to facilitate an interaction and interchange of ideas and between the two countries' businesses. […]
The Iraqi government announced on Tuesday that it has decided to allow the private sector to invest in services for border crossing points, according to spokesman of the government. “The government agrees also to allocate an independent budget for crossing points within 2011 budget and to coordinate with crossing points in Kurdistan region with the […]
Reliance Industries, owner of the world’s largest refining complex, plans to start exploration at two oil blocks in Kurdistan this year. Reliance, controlled by billionaire Mukesh Ambani, invited contractors to bid for work to begin extended well testing at its Rovi and Sarta blocks starting in the fourth quarter, a tender document shows. The studies […]
Iraq issued a tender on Monday to buy 30,000 tonnes of rice from all origins with a closing date of Aug. 15, an Iraqi Grain Board source said. The offer remains valid until Aug. 22, the source said, as quoted by Kippreport. Iraq, which is trying to revive its agriculture sector after years of war, […]
AECOM Technology Corporation (NYSE: ACM), a leading provider of professional technical and management support services for government and commercial clients around the world, announced today that it was been awarded a five-year, US$53-million [63 billion Iraqi dinars] contract from the U.S. Agency for International Development (USAID) to provide economic-consulting services to Iraq through the Iraq […]
