Archive | 20th August 2011

Korean Firm to Build 100,000 Homes in Baghdad

A South Korean firm said on Saturday that it will build a 100,000-unit housing development south of Baghdad, according to a report from AKnews. At the end of a visit to South Korea in April, Prime Minister Nouri al-Maliki signed a number of contracts in the areas of economy, construction and energy. A group of […]

Iraq's Inflation Hits 7.1% in July

Trade Arabia reports that Iraq's core annual inflation rate increased to 7.1 per cent in July, up from 6.4 per cent in June. The Deputy Governor of Iraq's central bank, Mudher Kasim, told Reuters that the increase was driven mainly by higher housing rental prices and an increase in the cost of building materials; the […]

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The Last Straw? Maliki Appoints Dulaymi as Acting Minister of Defence

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. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. […]

Expert Analysis of the New Version of Iraq's Oil Law

On Wednesday 17 August 2011 the Iraqi parliament began the first reading of a new version of oil law proposed by the oil and energy committee-OGC of the parliament itself. The timing and the procedure of the debate created confusion and prompted significant walkout of many parliamentarians members of influential political groups. The debate was […]