Archive | 2012

Dubai's “Iraq Club” is Back!

By John Lee. Earlier this month The Iraq Club – Dubai’s only exclusive network for investors and senior professionals involved in the Iraqi energy sector – returned after its summer break. More than 80 people turned out to hear guest speaker David Denman (pictured), an explosives expert and Technical Director at RPS Explosives Engineering Services. […]

US, Iraq to Cooperate on Education in Iraq

On September 20, the U.S. Government, through the United States Agency for International Development (USAID), signed a memorandum of understanding (MOU) with Iraq’s Ministry of Education, outlining a partnership to support Iraqi efforts to improve primary education, as called for under the U.S. – Iraq Strategic Framework Agreement. The MOU was signed by the Minister […]

Min of Communications to Participate in Iraq Telecoms 2012

Acting Iraqi Minister of Communications & Minister of Provinces, H.E. Torhan Mudher Hassan AL-Mufti (pictured), has confirmed his participation at The CWC Group’s Iraq Telecoms 2012 Conference. Held on the 12-14 November in Istanbul, the acting Minister will attend the Conference with a senior delegation, including the Senior Deputy Minister of Communications H.E. Mr Amir Al […]

Lucent to Pay $4.2m over Iraq 911 System

By John Lee. An Alcatel-Lucent subsidiary, Lucent Technologies World Services Inc. (LTWSI), has agreed to pay the United States $4.2 million to settle False Claims Act allegations that it submitted misleading testing certifications to the Army in connection with the design, construction and modernization of Iraq’s emergency communications system, the Department of Justice announced today. […]

KRG Attends 22nd Economic Forum in Poland

By John Lee. A delegation from the Kurdistan Regional Government (KRG) took part in the 22nd Economic Forum held in Poland earlier this month. The delegation included the KRG Minister of Planning, Dr Ali Sindi, the Chairman of the Kurdistan Board of Investment, Minister Herish Muharam, and the KRG representative to Poland, Mr Ziyad Raoof. […]

Iraq Stock Market Report

Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 8th September 2012). Please click here to download a table of listed companies and their associated ticker codes. ID1,412 / $1,527  (-0.1%) (weekly change). The number of week traded shares was 6.4bn and the weekly trading volume was ID12.7bn ($10.6mn). ISX Company Announcements […]

The Iraqi Airline that Leaves Early, Late, or Not At All

By Haider Najm. 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. Passengers forced to sit in the aisle because of overbooking, others missing flights because the plane left early. Flying in Iraq isn’t exactly glamorous as Iraq’s […]

4 Indicted for $23m Iraqi Dinar "Fraud"

The owner and three employees of a US business promising high returns on the Iraqi dinar have been indicted by a federal grand jury on conspiracy and wire-fraud charges for allegedly duping investors out of more than $23 million. According to reports, Rudolph M. Coenen, 47, the owner of Bayshore Capital Investments LLC, is charged […]

Iraq Allocates $275bn to New Projects

By Padraig O'Hannelly. Iraq's Planning Minister, Ali al-Shukri (pictured), has said the country has earmarked between $250 billion and $275 billion for infrastructural development projects over the next five years. At the Iraq Finance 2012 conference in London the minister called for foreign companies to invest in all sectors of the Iraqi economy, including construction, […]