Iraq's oil ministry has signed a final deal with Korea Gas Corp. (KOGAS) to develop its Akkas gas field in the western province of Anbar, according to Reuters. Along with Kazakhstan’s KazMunaiGas, KOGAS won the rights to develop the Akkas field during Iraq’s third energy bidding round last October. But KazMunaiGas pulled out of the […]
Iraqi Deputy Prime Minister with responsibility for energy issues, Hussein al-Shahristani, called on a visiting Indian delegation on Sunday to make much-needed investments in Iraq's energy, industry and housing sectors, according to AFP. "Shahristani discussed the means for Indian investment and developing the industrial and oil sectors in Iraq with an Indian delegation," according to […]
Erbil, capital of the Kurdistan Region, will this month host Iraq’s largest international trade fair for the seventh consecutive year. More than 850 exhibitors from over 20 countries are participating in the exhibition. Decision-makers from not only the Kurdistan Region but also other parts of Iraq are expected to visit the exhibition to meet the […]
Bloomberg reports that Iraq will ask companies to build an oil refinery when it invites bids to develop the Nasiriyah field south of Baghdad. Abdul- Mahdi al-Ameedi, the head of the ministry’s licensing department, said, “we will not develop the Nasiriyah oil field on its own but in tandem with the establishment of a refinery”. […]
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. […]
Emirates will launch its Dubai-Baghdad route on November 13, making the Iraqi capital its 115th international destination. Trade Arabia reports that Emirates held a gala dinner in Baghdad to mark the occasion. “Baghdad has been on our wish list for some time and we are now ready for our launch on the 13th November,” said […]
Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 13th October 2011). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at ID1,659 / $1,841, -0.9% (weekly change). The number of weekly traded shares was 3.0bn and the weekly trading volume was […]
Previously NGOs were seen as critical to Iraq’s reconstruction efforts. But numbers have dwindled. And not everyone is sad to see them go – many were fakes, siphoning funds, engaged in corruption and deceiving locals, according to this report from Niqash. Any opinions expressed are those of the author, and do not necessarily reflect the […]
More than 550,000 children in some of the most vulnerable districts of Iraq will benefit from a United Nations-backed school feeding programme that seeks not only to improve their nutrition but also to encourage poor families to send their children to school in the first place. The joint programme launched by the UN World Food […]
The head of Invest AD, the Abu Dhabi-based investment firm, sees growth in Iraq and Qatar. Gulf News reports that performance by the firm's Iraq fund has been particularly strong. "This year, with political change in the Middle East, performance has been varied, with a large dispersion of returns across the region," executive director Mohammad […]
Iraq's stock exchange market will double its capitalization to $8 billion once the three main mobile-phone companies operating in the country are listed, according to Taha A. Abdulsalam, chief executive of the Iraq Stock Exchange (ISX). The three mobile phone operators, Asiacell, Korek Telecom, and Zain Iraq, are required by the terms to their licences […]
Following Wednesday’s meeting with the Speaker of the Iraqi Parliament, Dr Usama al-Nujaifi, Britain's Foreign Secretary William Hague said: "I was delighted to see Dr Usama al-Nujaifi in the UK for his first official visit. I reaffirmed the UK’s resolve to continue supporting the government and people of Iraq as they embrace democracy, reconciliation and […]
