Iraq has increased prices it pays to its wheat, barley and rice growers, reports Azzaman. Kareem Elaywi, a parliamentarian in the Water and Agriculture Commission, said farmers shipping their produce to government silos will receive 900,000 dinars for a ton of wheat, 750,000 dinars for a ton of barley and 1 million dinars for a ton […]
Lebanon has officially requested Iraq and Egypt to reduce their transit transport fees, in a bid to cut export costs after major land export routes through Syria were disrupted by the ongoing violence. A statement from Tripoli Chamber of Commerce said: "It is important that we work together with the Agriculture Ministry to service agricultural […]
By John Lee. Tehran Times reports that Iran is to build a cement factory in Iraq. The factory’s products will be exported under Iranian brand names. The project involves the investment of $245 million, with production expected to start in two years' time. No location has been confirmed. (Source: Tehran Times)
Officials in Egypt have announced a new 2-million m2 free zone for Egyptian industrial projects in Iraqi Kurdistan. Following a meeting with the KRG's Minister of Trade and Industry, Sinan Chalabi [Senan Jalabi], the Chief of the Egyptian Commercial Body, Anwar al-Sahrjty, said: "The two sides agreed to study the possibility of establishing Egyptian plants […]
By John Lee. Shares in Irish-based exploration group Petroceltic International (PCI) were up 3 percent in early trading on Monday, following the release of its preliminary results. The results included the following statement on its operations in Iraqi Kurdistan: "Since 2005, the Kurdistan Region of Iraq has become one of the most active exploration locations […]
By John Lee. UK-based banking giant HSBC has said it is reviewing its operations in Iraq. Simon Cooper (pictured), chief executive for the Middle East and North Africa, told reporters in Dubai: "In terms of Iraq, it's a market that we will continue to review." According to a report from Reuters, he did not elaborate […]
By John Lee. Shares in Genel Energy opened 1.5 percent higher on Monday morning following the company's interim management statement for the period from 1 January 2013 to today. This statement is issued ahead of Genel Energy's Annual General Meeting, which is being held at 11.00am today at the Sofitel St James's, 6 Waterloo Place, […]
By John Lee. Just over 50 percent of eligible Iraqi voters participated in provincial elections on Saturday, well below the 72 percent turnout for the latest such elections, in 2009, according to Iraq's Independent High Electoral Commission (IHEC). The turnout in Baghdad was only 33 percent. According to the Wall Street Journal, the lower participation […]
The Special Representative of the United Nations Secretary-General for Iraq (SRSG), Mr. Martin Kobler (pictured), congratulates the Iraqi citizens on the peaceful conduct of the Provincial Council elections. He commended the work of the Independent High Electoral Commission (IHEC), for its high level of professionalism in conducting the first elections under its full responsibility, as […]
The U.S. Embassy in Baghdad warns U.S. citizens of continued incidents of violence in Iraq, following the February 9 terrorist attack at Camp Hurriya, which killed eight people. Attacks, similar to what occurred on February 9, may occur at any time. The U.S. government considers the potential threat to U.S. Government personnel throughout Iraq to […]
From Jewish News One. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Polls have closed in Iraq in the first elections since the US troop withdrawal. Iraqis were voting to elect members of provincial councils in 12 of the country's 18 provinces: (Source: Jewish […]
From AFP. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Iraqis vote in the country's first polls since US troops departed, a key test of its stability in the face of a spike in attacks that has claimed more than 100 lives: (Source: AFP)
