Here at Iraq Business News we have on several occasions raised the issue of restrictions on foreign workers entering Iraq. This week, the problem raised its head once again when the leader of the business federation in Basra, Sabih Habib al-Hashemi, criticised the lack of skilled managers in the country: “Most of the economic issues […]
AKnews reports that the German energy firm MBH has landed a $625 million contract to build five 100-MW power plants in Nineveh province. The Iraqi electricity ministry announced the deal on Wednesday, saying that the project is expected to be completed in 21 months. The establishment of the plants is part of the government’s plan […]
Shares in Sterling Energy (AIM: SEY), the independent oil and gas exploration and production company with interests in Iraqi Kurdistan, closed the day down just 4% following a disappointing update on its operations at Sangaw North, in which it has a 53.33% working interest. The shares had opened the day down 33%. Flow testing operations […]
Iraqi Transportation Minister Hadi al-Amari (pictured) said on Wednesday that neighbouring Kuwait must stop work on its Mubarak port project because it will block Iraqi access to shipping lanes, according to a report from AFP. “The construction of this port ... demonstrates the clear intention of Kuwait to block shipping lanes from Iraqi ports and […]
Levels of violence fell in Iraq last week, but conditions continue to fluctuate and the overall number of attacks has risen gradually since the beginning of the year. Over the past two months the country also appears to have experienced a violent week, followed by a quiet week, in fairly regular alternation. It could be […]
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. The opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. […]
Turkish Airlines operated its first direct flight from Istanbul to Najaf on Tuesday. AKnews reports that the plane carried Turkish businessmen to the holy city. The airline will operate three flights from Istanbul to Najaf every week with plans to increase the number of flights gradually to reach 7 flights per week. Head of Najaf […]
UPI reports that lawmakers in Baghdad have been asked to ban future oil contracts until a federal law on the energy sector is passed. Adnan Janabi, chairman of the Iraqi Parliament's Oil and Energy Committee, called on legislators to ban future oil contracts until they can pass a federal hydrocarbon law. The country's Oil Ministry […]
The Iraqi economy is suffering due to a lack of properly trained managers, an Iraqi business leader said on Monday. The head of the Iraqi businessmen federation in Basra, Sabih Habib al-Hashemi, told AKnews that the management situation means that Iraq's resources are not being properly exploited. "Most of the economic issues in the country […]
