In his joint press conference with Iraqi Prime Minister Nouri al-Maliki on December 12, 2011, President Barak Obama noted that “In the coming years, it’s estimated that Iraq’s economy will grow even faster than China’s or India’s.” Foreign and regional investors interested in Iraq’s economic potential, but uncertain about the country’s investment regulations, arbitration laws […]
Basra Investment Commission (BIC) has agreed in principle to build an iron and steel factory worth of $150 million (175 billion IQD). AKnews reports that it is a joint proposal by Erbil Steel Company and a Turkish company. Khalaf Badran, head of the BIC, told AKnews that the Commission has expressed its "full support" for […]
Malaysia's Synergistic Generation Sdn Bhd (SGSB), which is 60 percent owned by UMW Holdings Bhd, has entered into a $30 million contract with Petronas Carigali Iraq Holding BV (PCIHBV). The contract is for the procurement of materials and equipment and installation and commissioning of all equipment and facilities by SGSB for the setting up of […]
Supporters say the Iraqi PM is simply shoring up support and abiding by the law. Critics say he’s more interested in ditching the difficult three party system and starting a new government of his own. Will al-Maliki become Iraq's new dictator? Or will he struggle on with the democratic process, asks this article from Niqash. […]
Baghdad Council has announced that it had agreed to build an American university at a cost of $245 million USD (286 billion IQD) in the Bismaya area southeast of the capital. The Chairman of the Council's Planning and Follow-up Commission, Mohammed al-Rabie, told AKnews the faculty will be limited to science, engineering and medicine and […]
The following video purports to show Iraqi oil smugglers digging up an underground pipeline, tapping into it, and then sucking up the overflowing oil. From the Musings on Iraq website: (Sources: Musings on Iraq, Youtube)
