Reuters reports that Iraq’s central bank, struggling to stem an illicit tide of dollars into sanctions-bound Iran and Syria, has had some success in steadying its own dinar by pumping dollars to Iraqis through two state-run banks. Late last month the central bank allowed U.S. dollars to be sold at a fixed rate through two […]
Conditions seemed relatively quiet in Iraq for most of last week until a co-ordinated spate of bombings hit the capital on 31 May. Otherwise, the total number of attacks recorded countrywide fell by almost half. At least 31 people were killed and 74 injured in nationwide incidents. Across the country a total of 21 bomb […]
Levels of violence fell slightly in Iraq last month. Over the course of May AKE documented at least 162 separate attacks around Iraq. Incidents left at least 223 civilians and members of the security forces dead. Dozens more injured and the figure does not include militants and terrorists killed in police or army operations or […]
Reuters reports that Qatar Telecom (Qtel) is to double its stake in Asiacell, Iraq's second biggest mobile operator, to 60 percent for $1.47 billion. Qtel will initially increase its stake to 53.9 percent from 30 percent, with a further increase pending Iraqi government and regulatory approval. Qtel did not identify the sellers of the stake, but […]
Iraqi Kurdistan aims to increase increase oil production to 2 million barrels per day (bpd) by 2019, KRG Energy Minister Ashti Hawrami (pictured) told a panel at a World Economic Forum meeting in Istanbul on Tuesday. According to a report from Reuters, Hawrami also said that he wants companies to build pipelines so the fuel can […]
CommLab India has successfully completed a two-month eLearning training program for delegates from Ministry of Oil (MoO), Iraq. 24 professionals representing MoO were trained in all aspects of eLearning such as Instructional Design, Courseware development and Learning Management System at CommLab's premises in India. The officials received an in-depth understanding of the nuances of developing […]
The Kurdistan Regional Government's Head of Foreign Relations on Wednesday received Slovakia's Ambassador to Iraq, Miloslav Nad, to discuss the upcoming establishment of a Slovakian representative in Erbil. “The Government of the Republic of Slovakia is committed to further strengthen its relations with Kurdistan Regional Government,” said the Ambassador. He highlighted the development and progress […]
Omnnea, an Iraq-based wireless, internet and data provider, has developed the hardware and software necessary for a dual mode GSM/CDMA Tracking Device to address security issues. Omnnea is planning to offer the system to users by Q3 2012. The system is designed, developed and manufactured in Iraq. It has routine vehicle tracking features to alert […]
The following article was published by Reidar Visser, an historian of Iraq educated at the University of Oxford and currently based at the Norwegian Institute of International Affairs. It is reproduced here with the author’s permission. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. […]
Oryx Engineering Solutions (OES) is pleased to announce the official inauguration of the 1st of its kind fully integrated end-to-end engineering solutions service center, based in the heart of Ras Laffan in State of Qatar. The Centre was officially inaugurated, on behalf of H.E. Dr. Mohammed Bin Saleh Al-Sada, the Minister of Energy & Industry […]
United Nations Assistance Mission for Iraq (UNAMI) intends to solicit bids for provision of bulk fuel (Diesel ) for UNAMI vehicles & generators in UNAMI Compound located in Basrah , Iraq for a period of 6 months. Please click here to download tenders details .
Reuters reports that Iraq's oil exports in May averaged 2.452 million bpd, down from 2.508 million bpd in April. The spokesman for the Oil Ministry, Asim Jihad, said on Saturday that exports from Basra (pictured) were 2.086 million bpd in May, with another 366,000 bpd from Kirkuk, including 7,000 bpd sent by truck through Jordan. […]
