By Tariq Abdell, Founder & Chairman, Mesopotamia Insight. The opinions expressed here are those of the author, and do not necessarily reflect the views of Iraq Business News. The unanimous approval of the new Iraqi government by the Iraqi lawmakers, to be led by the incumbent premier al-Maliki, is long-awaited news - ending nine tumultuous months […]
Camp Bucca, the sprawling former prison once run by the U.S. military in southern Iraq, will be turned into a commercial center with offices, warehouses, aviation and fuel services to support investors, Associated Press reports. Haider Ali Fadhil, the head of Basra Investment Commission, said the $245 million-deal with the Iraqi Kufan Group and the […]
The following profiles of the top ministers ihttps://www.iraq-businessnews.com/wp-admin/post.php?post=14895&action=edit&message=10n the new Iraqi cabinet are based on information from Reuters and Associated Press: -Prime Minister: Nouri al-Maliki, Shiite, the current premier. Al-Maliki, 60, was first installed as prime minister as a compromise candidate in 2006 but barely hung onto the job this year when his political coalition […]
The Speaker of Iraq's parliament, Osama Nujaifi, and Prime Minister Nouri al-Maliki, announced on Monday that the parliament will vote tomorrow [Tuesday] on the formation of a new cabinet, according to AKnews. "The committee that was set up by the parliament today to study the cabinet file and the government program will submit its report […]
The Iraqi parliament has announced that it has cut some 26 million Iraqi Dinars (about US$22,000) from the remuneration of MPs who did not attend sessions last month, and said that more will be cut this month. The monthly salary of each Iraqi MP is 13.5 million Iraqi Dinars (about US$11,200) and they receive an […]
Sinoma (Suzhou) Construction Company, a subsidiary of the Chinese Sinoma International Engineering, has signed a $112.5-million deal with Iraq-based investment firm Mass Iraq for the construction of a cement plant. Both parties will build a cement plant with an annual capacity of 5,300 tons per day in Sulaymaniyah. The scope of the deal includes the […]
Direct flights between Iraq and China will commence in January, according to a report from AKnews. Ziya Qurayshi, an advisor to Nouri al-Maliki, told the agency that the two countries have agreed to re-open the route after completing all the official and technical procedures. The economic embargo imposed on Iraq in 1990s due to the […]
"Major progress" is reported in negotiations between Iraq's Oil Ministry and the local government in Anbar Province in western Iraq regarding the contracts to develop the gas fields in the province. Aswat al-Iraq quotes Assem Jihad, a leading Oil Ministry spokesman, as saying on Sunday that “the Oil Ministry has discussed with Anbar Province and […]
Southern Iraq’s Grand Faw Port project, recently approved by the Council of Ministers, will provide employment opportunities for 150,000, according to the National Coalition on Sunday. “The Grand Faw Terminal, approved by the Council of Ministers in 2004, is considered one of the most important projects that can achieve revenues in billions of dollars for […]
Italian oil company ENI plans to invest in Basra province in the fields of economy, science, and sport. Basra's Governor says the company dedicated about $ 5 Million to implement several projects to enhance relations with Basra and its citizens, he added that the company is ready for real investments in agriculture and cattle projects, […]
The following update on output at Iraq's oilfields comes from Early Warning, citing a report from UPI: Rumaila: Iraq's biggest field with the equivalent of 17.8 billion barrels of oil. That makes it the fourth largest oil field in the world. It contains around 15 percent of Iraq's oil. It is operated by BP and […]
A new satellite TV channel and a radio station will soon be launched, airing news in Kurdish. According to AKnews, the general director for the new outlets said most of the preliminaries are completed and the new service will air programs from early 2011. There are a number of governmental and party affiliated media outlets, […]
