Drafted and adopted by a referendum in 2005, the Iraqi constitution outlines the structure of the federal government and stipulates what bodies should form its legislative, executive and judicial branches. The legislative branch is to consist of the Council of Representatives (CoR; the Iraqi parliament) and the Federation Council, an ‘upper chamber’ of parliament that […]
Anbar Investment Commission (AIC) announced today that it is postponing its third annual international conference which was scheduled for December 15-17, 2012 in the city of Erbil, Kurdistan, Iraq. The Commission's Board of Directors met yesterday and decided it would be best to postpone the conference to allow for greater participation and sponsorship. Many companies […]
By Mark DeWeaver. Another roller coaster year for the ISX is drawing to a close. By the middle of May, the Rabee Securities RSISX index had fallen 24% from its early October 2011 peak. Since then, the market has staged a dramatic rebound. As of December 8, the index was down just 3% from the […]
By Gary Sandiford, Olive Group’s Dubai based assessments manager. Olive Group is a leading provider of security and technology solutions and has operated continuously in Iraq since 2003. Overview Olive Groups Iraq statistics are drawn from multiple sources, including media reporting and direct liaison with in country assets. Included within the statistics are a […]
By John Lee. WesternZagros Resources has announced that it and the operator, Talisman, are preparing to complete the Kurdamir-2 well after successfully finishing an additional cased-hole test in the Oligocene Formation (DST#7). The test was conducted over a 24 metres thick interval between depths of 2,528 metres and 2,552 metres. It achieved a stabilized flow […]
By John Lee. An article from Seeking Alpha speculates that Iraq could provide solid opportunities to oil field services firms like Baker Hughes, but points out that there are significant risks and issues that need to be addressed before international firms can participate wholeheartedly in this promising market. Baker Hughes has been making steady progress […]
The Government of Iraq has launched a new national education strategy to improve access to quality education for Iraq’s 33 million citizens. “This is Iraq’s first ever national education strategy, which is unique in both Iraq and the region,” said Dr. Mohammed Ali Tamim, Iraq’s Minister of Education. “This strategy will respond to the needs […]
By John Lee. Iraq has completed a new $146-million project to supply drinking water to much of Baghdad's population. Saleh al-Mutlaq (pictured), deputy prime minister for service affairs, told Al-Shorfa: "The ministry of municipalities opened the Abu Ghraib Great Water Project ... It will provide drinking water to houses through modern networks, and will cover […]
By John Lee. Transparency International has said that Iraq maintained its position in the global Corruption Perceptions Index (CPI). In the latest annual list, Libya was in 8th-last position, a ranking it shared last year with Haiti, which has improved its position by two places. From at total of 176 countries, Iraq came in at […]
The Special Representative of the United Nations Secretary-General (SRSG) for Iraq, Mr. Martin Kobler (pictured), has welcomed the beginning of the first voter registration update in three years as part of preparations for the forthcoming Governorate Council elections on 20 April 2013. “The opening of 891 Voter Registration Centres is an important step towards transparent […]
By John Lee. Reuters reports that top oil trader Vitol has apologised to the Iraqi government for buying Kurdish oil that was exported via Turkey without Baghdad's permission. Iraqi Oil Minister Abdul-Kareem Luaibi [Elaibi] said on in Vienna: "In terms of Vitol, they have cancelled the Kurdish amount and they apologised officially ... As for […]
By John Lee. South Korea's STX Heavy Industries has said it has won a $150-million order to construct and operate a power plant in Amara, in Missan province. Under the turnkey contract signed with Iraq's Ministry of Electricity, STX will take responsibility for the operation and maintenance of the plant for a year after its […]
