By John Lee. In the first half of this year, Iraq's courts have issued 754 judgments in cases dealing with corruption and fraud involving public money, claims the Commission on Integrity. The cases, referred to the courts by the Commission, resulted in 816 convictions. In some cases, those convicted will remain in jail following completion […]
By John Lee. Vehbi Orakçı (pictured), a former mayor of Istanbul’s Beylikdüzü district, has reportedly signed a $600-million deal for a construction project in Baghdad. “The project includes nearly 6,500 buildings, 325 offices, 325 residential apartments and a 60,000 square-meter shopping center. The total cost is $600 million, but the sales volume is expected to […]
By John Lee. The large format banner printer was the last piece of equipment to arrive, completing the first round of printer purchases for the Karbala Printing and Marketing Service Center, culminating many months of planning and hard work by the staff of the Karbala Business Development Center (KBDC). Thanks to funding from the KBDC […]
By John Lee. An un-named Iraqi security official has reportedly accused the president of the Kurdistan region, Massoud Barzani (pictured), of secretly buying a large supply of heavy munitions from a foreign country. Iran's PressTV says the arms included anti-tank missiles and large quantities of heavy weapons. The official said that Iraqi authorities have "all […]
By John Lee. Halliburton has begun internal investigations into alleged payments made to third-party agents related to customs matters in Angola and Iraq. Bloomberg reports that the world’s second- largest oilfield services provider alerted U.S. Justice Department and Securities and Exchange officials that it had begun the inquiry after meeting with them about another internal […]
By John Lee. The Kurdistan Region's Tourism Board has announced plans to develop 53 tourist sites in the region, including the Bekhal Resort. Designs for some of the sites have already been completed, according to a report from AKnews. Mawlawi Jabar, Head of the board, said that companies from Lebanon and Austria are undertaking the […]
By John Lee. The Baghdad Investment Commission has granted investment licenses for a five-star hotel, complete with shopping mall, in the Karrada area of central Baghdad. The Head of the Commission, Shaker al-Zamili [Shaker al-Zamili, Shaker A Shabib] (pictured), said the hotel will be sited in Masbeh Street, and will also include an information center, […]
By John Lee. Trade between Iran and the Kurdistan Region of Iraq is expected to exceed $4 billion (5 trillion Iraqi dinars) this year, AKnews reports. "This year, the maximum value of our trade activities will exceed $4 billion and such a boost is certainly the result of further cooperation," a local Kurdish official has […]
By John Lee. On this episode of Talk to Al Jazeera, Jane Arraf sits down with Massoud Barzani to find out how far he is willing to go to protect and promote the interests of the Kurdish people: (Source: AlJazeera)
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 26th July 2012). Please click here to download a table of listed companies and their associated ticker codes. ID1,363 / $1,475 (-3.5%) (weekly change). The number of week traded shares was 20.4bn and the weekly trading volume was ID23.0bn ($19.1mn). Non Iraqis […]
By John Lee. Iraqi Kurdish security forces have prevented Iraqi government soldiers from reaching a disputed area that borders Syria, according to this video from Al Jazeera. Al Jazeera's Omar Al Saleh reports from the Fishkhabour border crossing between Iraq and Syria: (Source: AlJazeera)
By John Lee. Bloomberg reports that Iraq will keep its daily exports of Basrah Light crude from the Persian Gulf roughly the same in the first half of August as in the second half of July, compared with shipments in the previous two weeks. Twenty cargoes are scheduled to be shipped from the al-Basrah Oil […]
