After many years of searching, American forces have finally managed to track down and eliminate Osama Bin Laden. The news has reverberated around the world, and it has implications for all countries in the region, not least Iraq.
Our security expert John Drake has been analysing the possible effects of this latest news for Iraq, and for the many international companies that operate in the country.
Meanwhile, cutbacks in spending in the United Kingdom have reportedly led to a decision to close Britain's consulate in Basra.
Whether this hampers the efforts of British companies planning operations in the oil-rich region remains to be seen, but Basra must remain a focus for multinationals in general as the southern oilfields and ports will continue to be the main generator of wealth for the country, regardless of how the security situation develops.