Abu Dhabi National Energy (TAQA), a state-owned oil explorer and power supplier, said it bought a 50 percent interest in a power plant in Iraqi Kurdistan. According to Reuters, the plant, which has been operating since 2009, has a capacity of 750 megawatts, with an additional 250 megawatts under construction. The company signed a joint […]
Iraq's Minister for Housing and Construction, Mohammed Sahib al-Darraji, spoke to Gavin Jones for Iraq Business News: The Ministry of Housing and Construction is responsible for building over 2 million houses between now and 2015, as well as several thousand kilometres of highway and several dozen schools, hospitals and various other infrastructure projects; it's a […]
For some, last week’s Arab League summit was a dream come true; for others, it was a traffic, business and security nightmare. according to this article from NIQASH. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Praise and criticism has been flying ever since […]
The Kurdistan Parliament approved the new Kurdistan Regional Government cabinet on Thursday. Incoming Prime Minister Nechirvan Barzani (pictured) and his ministers were sworn in to begin their two-year term. While many of the ministers remain in their previous positions, nine new ministers were sworn into the 7th cabinet. Announcing the agenda of the new cabinet, […]
Marking the International Day for Mine Awareness and Assistance in Mine Action, the United Nations calls for an Iraq free of all landmines by 2018, and reaffirms its commitment to support the country’s Mine Action programme. “Each year on 4 April, countries around the world raise awareness about landmines and progress toward their eradication. In […]
This article was written by Farah Ali, and was originally published by the Institute for War and Peace Reporting, iwpr.net. It is reproduced by Iraq Business News with permission. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. A five-day course in financial management held […]
The President of the Kurdistan Region of Iraq Masoud Barzani was officially received by President Obama and Vice President Biden at the White House on Thursday. During their talks, both sides emphasized the necessity of a prolonged and deepened relationship between the United States and the Kurdistan Region within the framework of a democratic, pluralistic […]
Further to the rumours that Exxon Mobil plans to abandon it's contract at West Qurna-1 in favour of pursuing exploration deals in Iraqi Kurdistan, the Kurdistan Regional Government (KRG) has issued the following statement: "In a meeting with President Masoud Barzani in Washington DC this week, the CEO of Exxon Mobil, Rex Tillerson [pictured] stated […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 5th April 2012). Please click here to download a table of listed companies and their associated ticker codes. ID1,314 / $1,442, -1.7% (weekly change). The number of weekly traded shares was 24.6 bn and the weekly trading volume was ID49.6bn ($41.9mn). ISX […]
In the run up to the Iraq Refinery 2012 conference (www.iraqrefinery.com) on 17 -18 April 2012 at the Lancaster London hotel in London, Iraq's Deputy Minister of Oil, Dr Ahmed al-Shamma said: “The Ministry will use this event as an occasion to present the programme for planned future refineries, the redevelopment of the existing refinery […]
Iraq plans to produce 4.5 million tons of wheat, and substantial increases in other cereals, according to a report from Azzaman. This would mean the country would meet its domestic requirements of around 3.5 million tons, with a 1 million ton surplus available to export. The Undersecretary at the Agriculture Ministry, Ghazi al-Aboudi, said the […]
The Electronic Frontier Foundation (EFF), has issued the following statement regarding proposed new law on "information technology crimes". (Please click here to download an English translation of the bill by the Centre for Law and Democracy): More than a year after the start of the "Arab Spring," large portions of the Middle East remain in […]
