The province of Basra has awarded Dewan Architects and Engineers the contract to design the sprawling Al Nakheel City, for which the foundation stone was recently laid. As a modern urban development, the Al-Nakheel City is expected to provide world-class and modern sustainable living, working, and living solutions for the population of Basra and help alleviate […]
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 […]
By John Lee. Writing in the Financial Times, a partner at a London-based financial advisory business suggests Iraq as a true frontier market investment. Citing precedents such as Japan in the early 1960s and Russia in 1995, Richard Greer, a partner at Laurel Capital Kingsway LLP, says: "The greatest opportunities for emerging market investors have […]
By John Lee. Azzaman reports that more than 2.5 million tourists visited Iraq in 2012, most of them on pilgrimage to the country’s holy shrines. Data issued by the Ministry of Antiquities and Tourism show that Iraq has become a top destination for Muslim, mainly Shiite, tourist. The numbers are reportedly the largest since the country […]
By John Lee. Minister of Foreign Affairs, Hoshyar Zebari, has received a copy of the credentials of new the Ambassador of the Republic of Italy, Mr. Massimo Marotti, at a ceremony on Sunday morning. During the meeting, they discussed the developing relations between the two countries and their people in all areas, and the Minister […]
By John Lee. Iraq’s Minister of Housing and Reconstruction, Mohamed Sahib al-Daraji [Mohammed Al-Deraji] (pictured), has announced that the Housing Fund has finalised contracts with nine investment companies to build new housing complexes. Together, these projects will provide 18,000 residential units. The minister added that the relevant engineering, technical and legal commissions are working on […]
By John Lee. Azzaman quotes a senior official at the Ministry of Antiquities and Tourism as saying that the United States still keeps 80,000 ancient Iraqi artifacts and refuses to return them to the Iraq Museum. Hazem al-Shammari said Iraqi authorities were in touch with their American counterparts but the discussion have so far led […]
A suicide bomber has assassinated a Sunni MP in Fallujah on Tuesday. Ayfan Sadoun al-Essawi [Ifan Saadoun], a member of the secular Sunni-backed Iraqiya bloc, was targeted as he inspected a road being constructed to the south of the city. Two of the MP's bodyguards were killed and four other people wounded. The attack comes […]
By John Lee. The Acting Central Bank Governor, Abdul-Basit Turki, has told Reuters that Iraq’s economy should grow 9 percent this year, as it increases its oil production. He also predicted international currency reserves of between $105 billion and $110 billion by the end of this year. Central Bank predictions for last year were for […]
AnaeCo and Repindo Resources have signed a MOU to cooperatively explore the implementation of AnaeCo’s DiCOM™ Alternative Waste Technology (AWT) at a suitable site in Basra. Under the terms of the MOU the parties will consider the technical and commercial feasibility of deploying AnaeCo’s patented DiCOM™ solution, under licence in Basra. AnaeCo would manage the […]
By John Lee. Foreign Minister Hoshyar Zebari has met with Mr. Martin Kobler, Representative of the Secretary-General of the United Nations (UNAMI) in Iraq. During the meeting they discussed the mandate of the UN Mission in Iraq and its role in helping Iraq, and the role of the Mission to assist in the upcoming electoral […]
From Iran’s PressTV. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. A political analyst tells Iran's PressTV that the US divided Iraqi society on ethnic lines and promoted a sectarian-based political culture in the region. The comments came after tens of thousands of Iraqis […]
