KRG President Masoud Barzani met with the Special Representative of the Russian President for the Middle East and Deputy Foreign Minister Mikhail Bogdanov (pictured) in Salahaddin this week to discuss strengthening ties between Russia and the Kurdistan Region. Deputy Foreign Minister Bogdanov said his government is keen to build on the historic ties and friendship […]
After almost 10 years, the former chief executive of Australia's AWB Ltd has admitted to four breaches of the law relating bribes paid to Saddam Hussein's government between 2001 and 2005 to secure wheat sales. According to the report in The Australian, Andrew Lindberg's four admissions relate to his having failed to tell the AWB […]
As Iraq starts to recover after civil unrest now is the time for the international community to understand the current issues which will help mould the country's future through investment. At the Pre-Forum Executive Briefing of the Caspian Gas Forum, the UKTI in partnership with Gastech Specialist Events will focus on the current business landscape […]
Assistant Secretary of State for International Narcotics and Law Enforcement Affairs (INL) William R. Brownfield traveled to Iraq this week to discuss INL’s ongoing partnership with the Government of Iraq to develop its law enforcement and judicial sectors. Assistant Secretary Brownfield met with senior government officials in Baghdad and Erbil and visited the Baghdad Police […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 31st May 2012). Please click here to download a table of listed companies and their associated ticker codes. ID1,282 / $1.399, (+0.2%) (weekly change). The number of week traded shares was 9.5bn and the weekly trading volume was ID14.6bn ($12.3mn). ISX Company […]
The Bulgarian Prime Minister, Boyko Borisov, has reportedly negotiated a deal for the supply of 500 MT-LB armoured vehicles to Iraq. According to a report from the Bulgarian Telegraph Agency (BTA), the deal was sealed on Thursday in the presence of Iraq's Acting Minister of Defence, Sadun al-Dulaymi Minister, (Sadoun al-Dulaimi), at the Hemus 2012 International […]
According to a report from UPI, global security consultancy Stratfor says Iran is systematically stealing Iraq's oil, either by siphoning it off from pipelines to boost its own exports, or by extending its control over Iraq's southern oilfields in Shiite-controlled Basra province: "Iran's deep political, economic and militant links in Iraq -- particularly in the […]
MP Firhad al-Atroushi of the Kurdistani Alliance, and a member of the Parliamentary Oil and Energy Committee, has reportedly described Iraq's 4th round energy auction "a violation to the Iraqi Constitution." He added that it represents a legal problem since it is supposed to be overseen and supervised by the Parliament: "The Kurdistani Alliance has […]
The chief executive of the Iraq Stock Exchange (ISX), Taha Abdulsalam, believes secondary listings for local companies on bourses in London and New York would eventually attract extra liquidity and boost trade. "That is the long-term strategy. It's not going to happen overnight, but the plan is to aim to develop the same standard of […]
USAID-supported job training, apprenticeships and microfinance loans help unemployed Iraqi youth secure meaningful work. CHALLENGE. At the start of 2010 Iraq had the highest rates of unemployment in the Middle East. Thirty percent of its adults lacked jobs. More than half of the country's young urban males were unemployed. At 19 percent, female participation in […]
Following the allocation of only three of the 12 exploration fields on offer in Iraq's 4th round energy auction, the Oil Ministry plans to go ahead with a 5th round auction for more sites. “Of course, we will prepare for a fifth round, and we have more than 60 blocks ready for bidding,” Oil Minister […]
Iraq’s government signed deals for only three of the 12 oil and gas exploration blocks offered in its fourth energy auction, which ended on Thursday, reflecting reluctance of foreign bidders to risk money in unexplored areas. Russia's LUKoil, along with partner Inpex Corp of Japan, won the deal for the 5,500-square-kilometer Block 10 in Muthanna […]
