Paris Gallery, the Dubai-based luxury retailer, has scrapped plans to expand in Syria, Egypt and Lebanon, following the unrest in parts of the Middle East. Instead, the perfumes and cosmetics retailer will focus on economies it considers more stable, such as Iraq, Turkey, Azerbaijan and India. "We opened one store in Aleppo, but the process […]
Kurdistan Region President Masoud Barzani met with Austria's President Heinz Fischer on Friday in Vienna to discuss bilateral relations and mutual cooperation. In a very cordial meeting, President Barzani and President Fischer exchanged views on the current political situation in Iraq and in the Kurdistan Region, and the recent political developments in the Middle East. […]
In a move to showcase Omnnea's Research and Development products, Omnnea will participate at GITEX 2011 in Dubai. Dr. Faisal Fadul, Omnnea's CEO, said: "We are proud to be the first Iraqi company to participate in this exhibit where we are given the opportunity to compete in the same arena as the best the world […]
The Qatari petroleum company, Woqod, has revealed a plan to invest in the oil sector through the construction of oil warehouses for logistic support to oil companies in Basra. The representative of the company, Mr. Khaleel Hassan, said during his meeting with the deputy chairman of Basra Investment Commission that his company has several similar […]
Despite Monday’s deadly attack against a police facility in Anbar province, overall levels of violence declined in Iraq over recent months. At least 676 people were killed between July and September as a result of over 700 separate terrorist and militant attacks. This constituted an improvement from the second quarter of the year (April-June) when […]
Who controls the Iraqi oil fields that could make the nation one of the richest in the region? As political rivals squabble, that question could be one that topples the precariously balanced Iraqi government, according to this report from Niqash. Any opinions expressed are those of the author, and do not necessarily reflect the views […]
ShaMaran Petroleum has provided the following operational update on the Pulkhana-9 appraisal well: Pulkhana-9 reached a total depth of 2333 meters on July 23, 2011 in the Cretaceous. A comprehensive testing program of six well tests (“DST”) has been completed and oil has been recovered in four separate reservoir intervals, including two new reservoirs that […]
The Evelyn Grace Academy, a cutting-edge new secondary school in Brixton, south London by Zaha Hadid Architects has won the prestigious £20,000 RIBA Stirling Prize 2011 for the best new European building built or designed in the United Kingdom. This is the second year running that Zaha Hadid Architects have won the RIBA Stirling Prize; […]
A top Iranian environment official said on Monday that Tehran and Baghdad will jointly invest $1.2 billion [1.4 trillion Iraqi dinars] in a project to reduce the number of sand dunes in a bid to cut the number of sandstorms. "In order to reduce gravel levels we have signed an agreement with a foreign company […]
Iraq's Ministry for Transport has complained that the $60 million (7o billion Iraqi dinars) that were allocated in the 2012 budget for the development and rehabilitation of the Iraqi Republic Railways Company (IRR) are not enough. "The Ministry of Transport tries to attract investment companies in order to finance its railway projects," Ministry spokesman Jawad […]
Fluor Corporation has dropped a protest filed last month with the Government Accountability Office challenging a $500 million award to KBR for a logistics support contract in Iraq, according to a report from Bloomberg. According to the news agency, a Fluor spokesman said the company had no comment. The contract was on hold until the […]
Gulf Keystone's Legal and Commercial Director, Tony Peart, said the company is seeking a buyer for its 38 percent holding in Algeria’s HBH project, in addition to selling its 20 percent interest in the Akri Bijeel block in Iraqi Kurdistan. “This is a strategic decision to sell because we want to focus on larger opportunities […]
