Iraq Business News is very pleased to be able to report some positive developments for our readers and for all who are interested in business in Iraq: AAIB Insurance Brokers, Iraq Insurance, part owner of IBN, has just launched a convenient and cost-effective travel insurance facility for anyone wishing to visit Iraq. To find out […]
Erbil property has been one of the best investments in Iraq over the past year. While the ISX is up about 50% over the last twelve months, prices for residential and office space in the Kurdish capital have more than doubled. 600 sq m single detached houses in the city’s Italian Village development, for example, […]
Ahmed Mousa Jiyad is an independent development consultant, scholar and Associate with Centre for Global Energy Studies (CGES). He was formerly a senior economist with the Iraq National Oil Company and Iraq’s Ministry of Oil, Chief Expert for the Council of Ministers, Director at the Ministry of Trade, and International Specialist with UN. He is […]
As Iraq continues to prove itself as one of the fastest growing emerging markets in the world, more and more business travellers are using AAIB Insurance Broker’s unique, online Iraq Travel Insurance facility. Iraq-travelinsurance.com provides instant cover for travel to Iraq from anywhere in the world, from less than US$2 per day. Essential War and […]
Iraq has postponed plans to buy U.S.-built Lockheed Martin F-16 fighter jets because it lacks the funds to rebuild its air force, government spokesman Ali al-Dabbagh told Bloomberg. “Iraq is determined to rebuild its air power capabilities, but the plan is postponed ... There are no new negotiations by the Iraqi government or the defense […]
Iraq’s State Oil Marketing Organisation (SOMO) has adjusted its official selling prices on Sunday for its Basra Light and Kirkuk crude grades for August. In common with some other countries, Iraq’s oil is priced relative to regional benchmark prices: For shipments to US, contracts are priced are relative to the Argus Sour Crude Index (ASCI); […]
Iraqi banks are too small to be useful to international companies, resulting in major investment projects being impeded, Iraqi Electricity Ministry Spokesman Musab al-Mudarres told AKnews on Tuesday. “Iraqi banks cannot provide financial guarantees to foreign companies because their capital is below the guarantees expected by corporations", he said. "The Ministry of Electricity has submitted […]
Three more maternity hospitals need to be built in Sulaimaniyah to deal with the fact that a baby is born every 35 minutes in the province, medical officials say. The Director of Sulaimaniyah's only maternity hospital, Shler Fayaq Gharib, said the province needs three more maternity hospitals to deal with the increase in births. AKnews […]
Nineveh Chamber of Commerce has signed a memorandum of understanding with a delegation of German business people for the exchange of expertise, the head of the chamber told AKnews. Moqbel Ahmed Dabbagh said on Monday that the agreement will see coordination between both sides to increase the booming investment in the Iraqi province. He said […]
Iraqi Prime Minister Nouri al-Maliki will travel to China this week in a bid to attract Chinese investors to Iraq, an advisor to the PM told AKnews on Tuesday. Ali al-Mousawi said that Maliki will head a trade delegation, following an official invitation from the Chinese government. Mousawi said Chinese companies are already heavily engaged […]
Hermes Datacommunications Middle East, a key specialist providing Wide Area Network communications to the upstream oil and gas industry has secured a contract to provide Very Small Aperture Terminal (VSAT) communications to Expro North Sea Ltd in Iraq. The contract outlined will include a fully managed VSAT network, bandwidth, equipment, installation and support to The […]
Etihad Airways has reported its most successful first half year, with revenues up 28 per cent to US$ 1,720 million (H1 2010: US$ 1,342 million), driven by solid performances in both passenger and cargo activities. A 2 per cent reduction in costs per available seat kilometre, despite large increases in oil prices, also helped deliver […]
