By John Lee. Iraq made its first major move in years to boost its gold reserves, joining central banks from emerging market economies such as Brazil and Russia in diversifying its foreign reserves. According to a report from the Lebanese Daily Star, central bank purchases have been one of the biggest drivers of gold's rally […]
The United States Navy delivered two 60-meter Offshore Support Vessels to Iraq on December 20, 2012, in Umm Qasr, Iraq. Vice Admiral Ali Hussein Ali, Head of the Iraqi Navy, hosted a delivery ceremony that was attended by officials from the Government of Iraq, the U.S. Embassy in Baghdad, and U.S. Consulate General in Basrah. […]
Thousands of Iraqis have taken to the streets of al-Anbar province to demand the release of the finance minister's bodyguards. The men were arrested on Thursday on so-called "terror charges". Protesters say its another example of the government's sectarian policies. Al Jazeera's Omar al-Saleh reports: (Source: Al Jazeera)
The UK's Middle East Association (MEA), in partnership with the Kurdistan Regional Government, will be leading a Trade Delegation to Iraqi Kurdistan from 24th February to 1st March 2013, visiting Erbil and Duhok. The Kurdistan region remains one of the MEA’s major success stories. In October we took another large UK trade delegation to the […]
By Saleh Elias. This article was originally published by Niqash. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Business is booming, say cosmetic surgeons in one of Iraq’s most dangerous cities. It’s not just Botox for ladies either. Apparently the biggest increase is in […]
By John Lee. A member of Iraq's Oil and Energy parliamentary committee has said that the Ministry of Electricity has taken over the task of inspecting the fuel used in electricity stations from the Ministry of Oil's State Oil Marketing Organization (SOMO). Suzan al-Saad told AIN that there have been problems with the quality of […]
Elsewedy Electric (SWDY), the leading wire cable and integrated energy solution provider in the Middle East and Africa, through one of its subsidiaries, announces the signing of a US$ 169 Million contract in Iraq with the Iraqi Ministry of Electricity to build and operate a new power plant in Diwaniya, with four 125 MW General […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 20th December 2012). Please click here to download a table of listed companies and their associated ticker codes. ID1,644 / $1,779 (-0.8%) (weekly change). The number of week traded shares was 15.8bn and the weekly trading volume was ID23.6bn ($19.7mn). Note: ISX will […]
By John Lee. The Kurdistan Regional Government (KRG) has suggested establishing a special area for Jordanian industries in the region. Aswat al-Iraq reports that during the visit of 42 Jordanian businessmen and exporters, discussions were held to enhance private sector trade relations. The visit was organized by Jordanian Capital Bank, the fourth in Jordan, with […]
By John Lee. A man from the US state of Kansashas admitted failing to pay nearly $82,000 in income taxes on money he earned as a subcontractor in Iraq. Gregory S. Light, aged 43, pleaded guilty to one count of tax evasion; sentencing was scheduled for next April. According to Associated Press, Light served in […]
By John Lee. His Excellency Prime Minister Nouri Al-Maliki attended the opening session of the Arab Council of Ministers of Housing and Construction in its 29th session in Baghdad, attended by Deputy Prime Minister Saleh Al-Mutlaq, Foreign Minister Hoshyar Zebari, Mohamed Sahib Al-Darraji Minister of Construction and Housing, and several Arab Housing and Construction ministers. […]
Joint Statement of the Iraq - U.S. Cultural and Educational Cooperation Joint Coordination Committee Pursuant to the 2008 Strategic Framework Agreement (SFA) between the United States of America and the Republic of Iraq, the third meeting of the Iraq-U.S. Cultural and Educational Cooperation Joint Coordination Committee (JCC) convened in Baghdad on December 17, 2012. The […]
