From Reuters. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. A deadly few days, in which more than 200 have been killed in Iraq, have caused fearful glances at potential wider Sunni-Shi'ite conflict in the Middle East. Sarah Sheffer reports:
From CNN. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. CNN's Mohammed Jamjoom reports on attacks that are targeting every ethnic group in Iraq:
It has been a rough couple of weeks in Iraq, with a string of major attacks bringing the death toll for the year to nearly 2,500. But despite the upsurge in sectarian attacks, the country is still managing to make progress on a number of fronts. In the energy sector, for example, Shell has announced […]
By Tom Walker, Director, Assaye Risk COUNTRY OVERVIEW Severe countrywide violence has gripped Iraq this week in a continuation of recent sectarian hostilities, which claimed the lives of approx. 401 people, bringing the yearly total to approx. 2486. After a brief period of respite levels of violence rose dramatically during this brief reporting period with […]
By John Lee. BP has reportedly allocated $2.85 billion to develop the Rumaila oilfield in 2013, up from $2.2 billion last year, of which only $1.9 billion was used. Salah Mohammad, head of the joint management committee for the project, also told Reuters that output at Rumaila would rise to 1.450 million bpd by the […]
The Iraq Britain Business Council (IBBC) Executive Chairman, Baroness Nicholson has announced the biggest ever trade mission to Iraq. In a push to boost UK business in Iraq UKTI and the IBBC will take 100 UK companies to Baghdad, Basrah and Erbil in mid-June. The mission will be led by David Willetts, Minister of Universities […]
The Department of the Treasury has lifted sanctions against the Elaf Islamic Bank in Iraq following the bank’s significant and demonstrated change in behavior. On July 31, 2012 the Treasury Department imposed sanctions under the Comprehensive Iran Sanctions, Accountability, and Divestment Act of 2010 (CISADA), against Elaf Islamic Bank, a privately-owned Iraqi financial institution, for […]
On the World Day for Cultural Diversity for Dialogue and Development, the United Nations calls on every Iraqi to embrace diversity and engage in dialogue to build bridges between communities and lay the foundation for peace. “Diversity is Iraq’s greatest strength and a symbol of its rich cultural heritage, stretching back through the millennia,” said […]
From AFP. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Five bombings and clashes between soldiers and gunmen killed eight people in Iraq on Tuesday, officials said, the latest in a spate of violence that has cost more than 370 lives so far this […]
By John Lee. According to property consultancy Colliers, there is a "clear market opportunity" to develop branded hotel projects in Erbil. Construction Weekly Online reports occupancy rates are increasing, and the construction of a new airport in the city has had a positive effect on the numbers of both business and leisure tourists. The total […]
Dubai-based DAMAC Properties has announced a comprehensive strategic plan to expand its operations to Iraq. The company has begun work on Princess Tower – a 26-storey, luxury furnished apartment complex in the heart of the Iraqi capital, Baghdad. The US$ 100 million project is the first stage of a long-term commitment to the country, said […]
The Iraqi Prime Minister reportedly insisted on Monday that some of the fake bomb detectors Iraq bought are actually functional, despite overwhelming evidence that none of them work. According to AFP, Nouri al-Maliki told reporters: "The best device in the world does not detect (explosives) more than 60 percent (of the time)... and results we […]
