Archive | 2011

Harnaz Sponsors Anbar Investment Conference

Harnaz Group is pleased to announce its strategic level sponsorship of the Al Anbar 2nd Annual International Investment Conference to be held in Istanbul, Turkey on October 24-26. Harnaz Group which operates in several sectors such as pharmaceuticals, power, construction, insurance and general trading, has achieved and maintained a leading strategic position in Iraq. With […]

FMG Iraq Fund Continues to Outperform

The FMG Iraq Fund continues to outperform world stock markets. The fund was up some +2.0% in the month of August and it has risen by +25% since its launch in May 2010. The current size of the fund is now $20 million under management. FMG offers a retail share class for a minimum investment […]

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Aberdeen City Council to Encourage Energy Investment in Iraq

Aberdeen City Council has announced a new initiative to encourage North-east companies to explore business opportunities in Iraq. Upper Quartile, an Edinburgh-based economic development consultancy, will manage the programme, which will target the oil and gas sector, academic institutions and other contractors. Seminars will be held over the coming months to inform firms of the […]

Asiacell steps up Service with HP Solution

Mobile telecom operator Asiacell has streamlined its business processes to improve services to its 8 million subscribers across Iraq with a business service management solution from HP. HP Business Service Management software gives Asiacell’s IT team full visibility of the company’s IT infrastructure, applications and services as a single integrated platform that can be tracked, […]

KRG Welcomes Delegation from Veneto Region of Italy

The Kurdistan Regional Government’s Head of Foreign Relations Minister Falah Mustafa Bakir today welcomed to Erbil his counterpart from the Veneto Region of Italy. Minister Bakir and the KRG’s Representative to Italy Ms Rezan Kadir together met Dr Diego Vecchiato, the Director of the Department of International Relations of the Veneto Regional Government. On his […]

Iraq Scraps Wheat Tender, Plans to Buy Rice

Bloomberg reports that Iraq has cancelled a tender for 50,000 metric tons of wheat. and is now inviting bids to buy 30,000 tons of rice from South America. Amer Abdel Aziz, spokesman for the country’s Grain Board, did not give a reason for the cancellation of the wheat tender when he spoke by phone to […]

Iraq Stock Market Report

Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 15th September 2011). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at ID1,641 / $1,820, -1.1% (weekly change). The number of weekly traded shares was 2.9bn and the weekly trading volume was […]

The Oil-Law Showdown

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. […]

Supply of Welding Tractor and Filling Pumps

SCOP announces a new tender for supplying a welder tractor (twin arc) 400 A QT.(10) for second strategic pipeline . The country of origin for the materials should be American and the manufacturing year should not be less than 2011. Please click on this link for further information. As well SCOP announces the issuance of […]

Iraq Tagged: ' Middle Income Fragile Country'

By T. Keyzom Ngodup, co-founder and Executive Director at Ideas sYnergy www.ideas-sYnergy.net, an Iraq based private sector development consulting company. IRAQ INSIGHTS, published by Ideas sYnergy aims to consolidate and build intellectual capital on private sector development, empowering stakeholders to address issues of access and structural reforms on a diverse range of topics impacting inclusive […]

IBN Interviews Dr Ali al-Dabbagh - Part 2

Minister Ali al-Dabbagh, Iraqi Government Spokesman, was interviewed by Padraig O'Hannelly for Iraq Business News at last week's Iraq Mining 2011 conference in London. The first part of the interview can be found here. In this second part of the interview, Dr al-Dabbagh discusses the Hydrocarbon Law, the valuation of the Iraqi dinar, foreign investment […]