By John Lee. A member of the Parliamentary Finance Committee has ruled out dropping the three zeros from the Iraqi currency in 2013 because "the ground is not prepared yet". MP Majida al-Timimi told AIN: "The process of deleting zeros from the Iraqi currency in 2013 depends on the nature of the policy of the […]
By John Lee. Iraqi President Jalal Talabani (pictured) has suffered a stroke and is being treated in hospital. A statement on his website said he was admitted on Monday night suffering from "fatigue and tiredness". His medical team is trying to stabilise him. According to the report from BBC, Mr Talabani has struggled with his […]
Kentz has announced the award of three individual, reimbursable, service contracts in Iraq with a total value to the company of circa US$55 million, through its Technical Support Services business unit. Across the three projects, Kentz will provide services over the next three to four years that will oversee the development of in-plant process facilities […]
On December 14, the first cargo with 2 million barrels of crude oil from Iraq's Halfaya Oilfield left Basra for China, indicating that China National Petroleum Corporation (CNPC)'s Halfaya Project has entered investment payback period ahead of schedule. Halfaya Project is the first to become operational and begin investment recovery amongst the seven international projects that […]
Iraqi Airways received the first Boeing 777 aircraft for its fleet during a delivery ceremony at the Baghdad International Airport on December 15, 2012. The ceremony was attended by the Iraqi Minister of Transportation, Mr. Hadi al-Ameri, U.S. Ambassador to Iraq Stephen Beecroft, Boeing officials Donald A. Galvanin and Alan W. Smith, as well as […]
The last in a convoy of American armoured vehicles rolled across the border into Kuwait on the chilly morning of December 18, 2011, marking the completion of the US withdrawal from Iraq. One year later, many Iraqis still lack basic services such as consistent electricity and clean water, and though levels of violence are down, […]
By Madeleine White, former teacher and educational writer and Head of Marketing, Whizz Education. This month’s announcement of closer collaboration between Europe and Iraq, coupled with last month’s WISE 2012 summit in Qatar, provides a great starting point for exploring the role of the Middle East in driving global collaboration and knowledge-share in Education. It is clear that oil […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 13th December 2012). Please click here to download a table of listed companies and their associated ticker codes. ID1,655 / $1,790 (+2.0%) (weekly change). The number of week traded shares was 25.5bn and the weekly trading volume was ID32.3bn ($26.9mn). Note: ISX will […]
BP is said to be close to reaching a deal with Iraq to cut the final production target for the Rumaila oilfield to between 1.8 million and 2.2 million barrels per day (bpd). According to Reuters, officials from BP, the state-run South Oil Company (SOC), and the Ministry of Oil, have been in talks for […]
Lockheed Martin has delivered a C-130J Super Hercules to the Iraqi Air Force at a formal ceremony this week. This is one of the initial three aircraft of a total of six C-130Js ordered by Iraq. The other two of these initial three aircraft departed yesterday for Iraq. The remaining three C-130Js will be delivered […]
Iran's Ambassador to Iraq, Hassan Danaeifar, says Tehran plans to export $12 billion worth of goods to Iraq by the end the current Persian calendar year (ending March 20, 2013), up from around $11 billion last year. "Iraq's free economy has created a competitive atmosphere for exporters from all over the world. Iranian cooperatives should […]
The Special Representative of the Secretary-General (SRSG) for Iraq, Mr. Martin Kobler (pictured), welcomed the approval by the Iraqi Council of Representatives yesterday of the fourth amendment to the Governorate Council elections law, which determines the seat allocation formula to be applied in the elections. "The amendment was the final element in approving the legal […]
