Iraq's ambassador to the Philippines called on Tuesday for the Philippines to lift its travel ban to Iraq, saying Filipinos can benefit by taking part in the reconstruction of the war-damaged country. Ambassador Wadee Al-Batti was reacting to a recent reiteration by the Philippine government of a travel and workers' deployment ban to high-risk countries […]
The former chief executive of a British chemical company has settled allegations that he approved illegal bribes to Iraq's Oil Ministry and government officials in Indonesia in the mid-2000s, according to the Wall Street Journal. Paul W. Jennings, former CEO of Innospec Inc., agreed to pay $229,000 to settle allegations that he violated the U.S. […]
Further to our report last week that oil exports from Iraqi Kurdistan will resume at the start of February, the Kurdistan Regional Government (KRG) has issued a statement confirming the agreement, and addressing the conflict with Baghdad over the budget. The full statement is shown below: Kurdistan Region Prime Minister Barham Salih (pictured) this week […]
Reuters reports that the French engineering group that has signed an outline agreement to build a metro line above Baghdad's streets is in fact Alstom. Shaker al-Zamili, the head of Baghdad Investment Commission, said on Thursday that Iraqi officials signed a memorandum of understanding with Alstom in France last week. An Alstom spokeswoman in Paris […]
The spokesman for the Kurdistan Region’s investors said the UK government is planning to issue two-year visas for businessmen from Iraqi Kurdistan, adding that the British government also seeks to open a branch of its banks in the Region as well as introducing assurance [insurance] and consultancy companies. According to the report from AKnews, the […]
WesternZagros Resources, the natural resources company engaged in acquiring properties and exploring for, developing and producing crude oil and natural gas in Iraq, has updated its corporate presentation "to address the Company's significant prospective resources and its near term priorities". Highlights from the presentation were presented at the TD Newcrest 2011 Energy Conference in London, […]
Iraq’s Kirkuk province resumed power supplies to the national grid on Friday, after a deal that ended a dispute this week over the provision of electricity. The oil-rich northern province that produces more electricity than it is allocated, announced on Monday that it would stop supplying power to the national network, a decision it implemented […]
The General Manager of the Iraqi Exhibitions Company said on Monday that the Trade Ministry is preparing a two-year investment plan for the reintroduction of Iraq’s subsidized state supermarkets. Sadiq Hussein Sultan told AKnews that the Trade ministry plans to invite investors to help reinstate the Central Markets Company, set up by the Iraqi government […]
After the Iraqi Planning Ministry announced that the unemployment rate across Iraq has spiked to 15%, an official from the Kurdistan Region said the rate in Kurdistan is just one percentage lower than the Iraqi level, according to a report from AKnews. The Iraqi planning minister, whom the report names as 'Mahdi Allaq' [Nasar al-Rubaie?], […]
The general director of exhibitions and companies in the Ministry of Commerce announced on Sunday that the ministry is preparing to build exhibition centres in all Iraqi provinces, in coordination with local governments or through investment projects that are similar to Baghdad International Fair. Sadiq Hussain Sultan told AKnews that the ministry has large commercial […]
Warka’s moment of truth last Wednesday (Jan 19) turned out to be a nonevent. It seems the general assembly meeting had to be postponed for a week due to lack of a quorum. To put it another way, the chairman, who holds 60% of the stock, didn’t show up. (See my last post for more […]
The first annual Iraq Airport Expansion Cargo and Logistics (IAECL) conference & exhibition will be held in Erbil on the 26th and 28th of April, 2011, at the Erbil international fair grounds. Iraq’s major airports are being re-developed, and provincial governments are upgrading existing airports as well as planning the construction of new airports. Cargo […]
