Archive | 4th October 2013

Debate Renewed Over Oil Revenue Surplus

By Omar al-Shaher for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. The project designed to distribute the country’s oil revenue surplus directly to Iraqis is once again at the forefront of recent events, as political blocs have begun to prepare for the general […]

KRG Election Results

The Independent High Electoral Commission of Iraq (IHEC) has announced the complete results of parliamentary elections in Kurdistan Region yesterday during a press conference in Erbil. The Kurdistan Region held its fourth round of parliamentary elections on 21 September 2013. It included 1,129 candidates - 336 of them women, and over 2,800 international observers from […]

Basra Locals Move Because of Oil Pollution

By Saleem al-Wazzan. This article was originally published by Niqash. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Fighting for Clean Air: Locals Living Near Basra Oil Wells Move Because of Pollution The oil wells in southern Iraq have made the areas relatively prosperous. […]

Iran, Iraq Sign Oil and Gas Drilling Pact

By John Lee. The National Iranian Drilling Company (NIDC) has signed an agreement with the Iraqi Drilling Company under which Iran will provide personnel training and supervision of Iraqi drilling operations. According to a report from Iran's PressTV, the agreement was signed by NIDC Managing Director Hamid-Reza Golpayegani and Deputy Director-General of the Iraqi Drilling […]

Sumitomo Invests in Iraqi Car Service Firm

Japan's Sumitomo Corporation has purchased about 320 million yen in shares (equivalent to 45% of shares) of SAS Automotive Services Ltd, a subsidiary of Iraq’s largest automotive business, the Sardar Group through a third-party allocation of shares. The company claims that this is the first private investment and joint venture by a Japanese company in […]

Fake Bomb Detectors 'Still Used in Iraq'

By John Lee. Fake bomb detectors are reportedly still being used in Iraq, months after British conman James McCormick was jailed for selling them. The former policeman is thought to have made £50 million from selling devices, based on a novelty £13 golf ball finder, to Iraq and other countries. Sentencing him to 10 years in […]

Foreign Minister Holds Talks in Romania

By John Lee. Foreign Minister of Romania, Mr. Titus Kurlaan, received the Iraqi Foreign Minister Hoshyar Zebari and his accompanying delegation on Thursday. Minister Zebari and his team were on an official visit to Romania to celebrate the 55th anniversary of the establishment the diplomatic relations between the two countries. The two sides held talks […]

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