By John Lee. Shares in Gulf Keystone Petroleum (GKP) were up 3% on Monday morning on the London Stock Exchange following an update from the company on the progress of a litigation case: On 15 February 2013, the English Commercial Court [pictured] in London ordered Excalibur Ventures LLC ("Excalibur") to make a payment of £4,700,000 […]
By John Lee. Oil ministry spokesman Asim Jihad has said that a bomb attack caused an explosion in the 16-inch pipeline transporting fuel oil from Beiji [Bayji, Baiji] refinery (pictured) to Nineveh province on Saturday. He said the ministry expected repairs from the blast, 390 km (240 miles) north of Baghdad, to take several days. […]
By John Lee. Azzaman reports that wheat production in 2012 rose to 3.26 million tons, despite a lack of rain.The harvest had fallen to an average 1.5 million tons in the years follow the US-led invasion in 2003, with the country becoming a net importer of wheat and other cereals. Deputy Agriculture Minister Mahdi al-Qaisi […]
By Abdel Hamid Zebari for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Following Barzani's return from his European tour at the end of last week, a series of meetings has been held in the region between Kurdish factions under Barzani’s supervision and […]
Minister for the Middle East, Alistair Burt MP, visits Baghdad and talks with Ahmed Shames from the British Embassy Baghdad about issues raised by people on www.facebook.com/ukiniraq and Twitter @UKinIraq. (Source: UK FCO)
By Abdel Hamid Zebari for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. The Kurdistan Region of Iraq is preparing to change its investment approach to focus on new areas of foreign and local investment — including tourism, agriculture and industry — after […]
FEDRERAL BUDGET 2013 - DETAILS AND CHALLENGES The Iraqi Institute for Economic Reform (IIER) has the pleasure of inviting you to attend the above seminar to discuss the details of the Federal Budget and the challenges facing its implementation. In attendance there will be Members of Parliament, government officials, Iraqi economic experts, academics as well […]
Alistair Burt, the UK’s Foreign Office Minister responsible for the Middle East, on Thursday met President Masoud Barzani in Erbil. During his visit, an agreement was made to extend the British National School of Government’s training programme in Kurdistan, and the Kurdistan Regional Government allocated land for the British Consulate’s permanent residences. Minister Burt on […]
From Jewish News One. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Double-decker red buses are making a comeback in Baghdad -- a sign that Iraq is moving back towards normality following years of war: (Source: Jewish News One)
By Reidar Visser. 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 […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 14th February 2013). Please click here to download a table of listed companies and their associated ticker codes. ID1,634 / $1,767 (-0.8%) (weekly change). The number of week traded shares was 36.7bn and the weekly trading volume was ID140bn ($116.6mn). ISX Company […]
By John Lee. In an interview with Reuters, the chief executive of Kuwait Energy says the company is committed to pumping gas and finding oil in southern Iraq, and will not risk aggravating Baghdad by pursuing deals in Iraqi Kurdistan. Sara Akbar (pictured) said strong ties with Baghdad are core to its strategic investment in southern […]
