Archive | 21st October 2010

The Future for the Iraqi Dinar

We get many enquiries at Iraq Business News relating to the future of the Iraqi dinar (IQD), for example: Will the Iraqi dinar increase in value? Will the currency be re-denominated, dropping the 'three zeros'? Is it wise to buy Iraqi dinar? Firstly, Iraq Business News is not in a position to give investment advice. […]

KRG Hails Marathon Oil Deal

The Kurdistan Regional Government's (KRG) Minister of Natural Resources, Ashti Hawrami, has welcomed Marathon Oil Corporation's entry into the Kurdistan Region oil and gas sector, saying that such an experienced company will be “a valuable partner in developing the resources of our Region to the maximum benefit of the people of Kurdistan and Iraq, in […]

IOM to Implement Business Development Services in Iraq

The International Organization for Migration (IOM) Iraq Mission has signed an agreement with the United Nations Office for Project Services (UNOPS) to set up a project to support local private and semi-private Business Development Service (BDS) providers in the Governorates of Anbar, Basrah and Erbil. The project aims to develop sustainable business models and engage […]

Concerns Over Land Ownership in Iraq

The head of the National Investment Commission, Sami al-Araji, has said that the main obstacle standing in the way of attracting the foreign investment is the ownership of the land on which the projects will be carried out. He said that the Commission worked to overcome these obstacles but the ownership of the land and […]

Weekly Security Update for 21st October 2010

National Overview The total number of officially reported hostile incidents nationally decreased slightly from 123 to 116. Baghdad again accounted for the largest proportion of incidents with hostile activity being characterised by assassinations of Iraqi Security Forces and Government of Iraq personnel rather than indiscriminate attacks. There was a notable decline in attacks from Shia […]