According to a report in the Financial Times, investors are turning their attention to Iraq’s debt. In 2004, after the US invasion of Iraq, the 'Paris Club' of 19 western creditors agreed to forgive roughly 80% of the $37.2bn owed to them. This deal was used as a template for resolutions with other creditors and […]
As demand for petrol in central and southern Iraq rises to cope with power shortages, the amount of fuel allocated to Kurdistan from Baghdad has been reduced by almost 65%, according to AKnews. Erbil’s fuel distribution director, Nuraddin Hamed, told the agency that while Erbil used to receive 1,600 million liters of petrol from the […]
AKnews reports that the United Nations High Commission for Refugees (UNHCR) is currently constructing 1,000 new homes in Baghdad for Iraqi refugees abroad returning to their homeland, with further housing projects in the pipeline. The Iraqi Minister of Migration, Dindar Doski, told the news agency that the UNHCR’s housing projects came about after a call […]
The parliamentary hearing of an investigation into five million unlicensed mobile phone lines distributed by Iraqi telecom giant Zain Iraq has been postponed because of “political pressure”, alleged Ihsan al-Awwadi of the parliamentary communications and information commission. Scheduled to be held on Monday, the hearing to confirm the allegations against Zain has been delayed until […]
At Iraq Business News, we realise how important it is for our readers to have access to the best possible information on Iraq and the industries that operate there. So far, we have brought you the latest news in the English language only, but we are happy to announce that we are now able to […]
Reuters reports that Iraq's oil exports from its southern ports jumped last month to a six-month high, reflecting efforts by foreign oil companies to boost production. Exports from the Basra oil terminal and Khor al-Amaya averaged 1.77 million bpd in July, shipping data tracked by Reuters showed. That is the highest since 1.8 million bpd […]
International architecture, urbanism and design practice Broadway Malyan has delivered the concept masterplan for the ‘10×10’ project in Iraq, involving a 17km² extension of Sadr City, Baghdad, and the creation of New Sadr City. The practice’s masterplan is a major milestone in the realisation of the project, named 10×10 because of its predicted $10 billion […]
WesternZagros Resources has announced that it has finalized an agreement with the Kurdistan Regional Government of Iraq ("KRG") and Talisman (Block K44) B.V. ("Talisman") to amend the original Production Sharing Contract ("Original PSC") that governed the Company's exploration activities in the Kalar-Bawanoor Block in Kurdistan. The agreement divides the contract area of the Original PSC […]
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. […]
AKnews report that a new state-run university was officially opened in Halabja yesterday, 81 km southeast of Sulaimaniya. Speaking at a press conference, university director Khasraw Abdullah told reporters that the institute’s single college - offering courses in Islamic sciences, languages and sports - had been up and running for six months already before yesterday’s […]
Levels of violence rose slightly in Iraq over the past week although conditions remain quieter than much of the year so far. Fewer than 50 people were killed, which is a moderate figure by Iraqi standards, albeit still abhorrently high. A notable number of the dead and injured were caught up in a double suicide […]
North Gas Company invites to bid for a new outdoor power transformer with the following specifications: Rating 2000KVA Cooling: ONAN No-Load ratio : (3.3 /0.4) KV Phases: 3 Frequency : 50HZ No-load tap changer: 2*2.5% Insulation Liquid : Oil Vector Group: Dyn 11 Primary Connection: Delta Secondary Connection: Star-Neutral Ambient Conditions: Tropical/55 celsius degree Neutral C.T […]
