The Central Bank of Iraq (ICB) said on Monday that it has begun to pay the small depositors in Warka Ahli Bank for Investment, reports AKnews. Following a financial crisis, the bank was placed under ‘guardianship’ in March. The Deputy governor of the bank, Muzher Mohammed Saleh said: "There is payment for small depositors in […]
An energy company based in the United Arab Emirates has reportedly signed a contract with Iraq's Free Zones Department to invest in the Khor al-Zubair Free Zone. In a statement received by Aswat al-Iraq, the project will cover an area of 16,000 square meters. It was also announced that an Iraqi company will invest in […]
A high-profile Dutch business delegation, led by Dutch charge d' affaires Lars Tomers, visited the headquarters of Basra Investment Commission on Friday to discuss the investment plan in Basra and the possibilities for Dutch companies. They agreed to hold another meeting in June, according to Aswat al-Iraq. Meanwhile, AKnews reports that a 25-member business and […]
On Wednesday, May 23, Deputy Secretary of State William Burns met with Iraqi Acting Minister of Defense Saadoun al-Dulaymi (pictured), at the Department of State to discuss issues of mutual interest and our shared commitment towards a long-term partnership under the Strategic Framework Agreement. Minister Dulaymi is in Washington leading the Iraqi delegation for inaugural […]
Kurdistan's minister for natural resources, Ashti Hawrami (pictured), has said that Exxon Mobil is still operating in oil fields in the Kurdistan Region. According to the report from AKnews, his statement came in response to a remark by the Iraqi Oil Minister, Abdul-Kareem al-Luaibi [Elaibi], who told Arabic Sabah newspaper that the US company has suspended […]
Iraq’s future is a 168 megawatt brighter today as the Ministry of Electricity and the Emirati firm Uruk Engineering & Contracting announced that the Taji Power Plant Project is now online and operational. The Ministry of Electricity had launched a “fast track” program for its power generation projects following the announcement; and the Taji development […]
Gulf Keystone Petroleum (GKP) this morning announced its results for the year ended 31st December 2011. Shaikan (75% working interest; Operator) 420% (P90) / 181% (P10) increase in gross oil-in-place numbers for the Shaikan discovery with a range of 8.0 billion (P90) to 13.4 billion (P10) barrels, following independent evaluation by Dynamic Global Advisors ("DGA") […]
The Governments of the United States of America and the Republic of Iraq reaffirmed their commitment to a strong and long-term security partnership between the two countries at the inaugural meeting of the Defense and Security Joint Coordinating Committee (JCC) of the Strategic Framework Agreement (SFA), from May 22-24, 2012. The meetings, held at the […]
The opportunity to establish some sort of institution for restorative justice after Saddam Hussein was lost years ago, but in this article from NIQASH Iraqi poet Faris Harram argues that Iraqi society still needs one, if Iraqis ever want to find peace. Any opinions expressed are those of the author, and do not necessarily reflect […]
The Deputy Marshal of Poland’s Wielpolska Province, Leszek Wojtasiak, and the Republic of Poland’s Ambassador to Iraq, Stanislaw Smolen, led a delegation of government, business and university representatives on a visit to both Erbil and Suleimaniah last week in order to explore opportunities for cooperation in the civil, economic and educational sectors. The Head of […]
As Kurdistan forges a new future as an emerging democracy, a major project to unearth the past of its people is underway. And the University of Huddersfield’s expertise in the analysis of ancient DNA samples is playing a crucial role. Soran University in Kurdistan – which is a now a self-governing, democratic region – has […]
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. […]
