Archive | 2013

Standard Chartered Expanding in Iraq

By John Lee. British bank Standard Chartered is to apply to Iraqi regulators for permission to open three business branches in Baghdad, Basra and Erbil. Chief executive of wholesale banking, Mike Rees (pictured), told The Telegraph: "Associated with the name British is trust ... It is a very important brand which I think is underestimated. But […]

KRG's Hawrami Welcomes UK Energy Delegation

The UK’s leading trade association for oil and gas supplies and services on Thursday concluded its first mission to the Kurdistan Region. Dr Ashti Hawrami, the Kurdistan Regional Government’s Minister of Natural Resources, met the delegation from the Energy Industries Council (EIC), which was accompanied by the British Consul General Hugh Evans. After their meeting […]

Kirkuk Shines Spotlight on Turkey’s Iraq Policy

By Ilnur Cevik for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Turkish authorities fear that three deadly bomb attacks in Kirkuk and Tuz Khurmatu in the past month aim to further fuel the tensions between Iraqi Arabs and Kurds and push the […]

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Cooperation Between Kurdistan and Northern Ireland

Northern Ireland companies are being encouraged to take advantage of a bonanza of economic opportunities in the Middle East. Enterprise Minister Arlene Foster was speaking as she welcomed His Excellency Masoud Barzani, President of the Kurdistan Region of Iraq to Northern Ireland, on a two-day trade and investment visit organised by Invest NI. Minister Foster […]

First Germany-Kurdistan Economic Forum

Germany’s Federal Minister of Transport, Building, and Urban Development, Peter Ramsauer, led a business delegation to Erbil to meet Kurdistan Regional Government officials and participate in the first Germany-Kurdistan Region economic forum. The German delegation met Prime Minister Nechirvan Barzani, who thanked them for their willingness to be part of the Kurdistan Region’s development process. […]

Iraqi Housing Initiative "Fails to Deliver"

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 Iraqi National Investment Commission (NIC) is facing major problems in marketing units in the largest residential project in the country, despite the growing housing crisis in the capital of Baghdad. […]

Iraq: "A Broken Justice System"

Iraq’s leadership used draconian measures against opposition politicians, detainees, demonstrators, and journalists, effectively squeezing the space for independent civil society and political freedoms in Iraq, Human Rights Watch said in its World Report 2013. The number of violent civilian deaths in Iraq increased in 2012, for the first time since 2009. Thousands of civilians and […]

Video: Rocket Attack Kills Iranian Exiles in Iraq

Katyusha rockets fired on a camp housing Iranian dissidents near Baghdad have killed five members of the opposition group, Iraqi security officials say. About 40 members of the Mujahedeen-e-Khalq (MEK) group were wounded in Saturday's attack, along with three Iraqi policemen. (Source: Al Jazeera)

Iraq Stock Market Report

Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 7th February 2013). Please click here to download a table of listed companies and their associated ticker codes. ID1,646 / $1,780 (+0.4%) (weekly change). The number of week traded shares was 92.7bn and the weekly trading volume was ID1520bn ($1.3bn).   ISX Company […]

الموازنة الاتحادية لعام 2013 مالها وماعليها

المعهد العراقي للاصلاح الاقتصادي ندوة تحت عنوان "الموازنة الاتحادية لعام 2013 مالها وماعليها" يتشرف المعهد العراقي للاصلاح الاقتصادي بدعوتكم للندوة التي تحمل العنوان اعلاه والتي تتناول مناقشة مستفيضة للموازنة الاتحادية لعام 2013 ومناقشة وتحديات تنفيذ . وبحضور نخبة من اعضاء  البرلمان والمسؤولين الحكوميين وخبراء في الاقتصاد العراقي، وجمهور المثقفين وذلك في الساعه 9:30 من صباح […]

Diyala Needs 33,000 New Homes to Replace Slums

By John Lee. The Province of Diyala has urged the government to allocate resources for the construction of 33,000 new homes to replace its slums. Rasem al-Ukaili, the official in charge of reconstruction and investment, said: "The slums are an affront to the general well-being [of the population] ... There is urgent need for the […]