By John Lee. Shares in Afren fell 1.7 percent following the publication of its full-year results for 2012. Key highlights Record financial results driven by strong production growth (+123%); FY 2013E net production expected to average 40,000 to 47,000 boepd (excluding Barda Rash) Significant exploration success E&A success ratio of 88% 265% reserves replacement ratio […]
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 […]
Distinguished Guests, Ladies and Gentlemen Thank you for inviting me to address this important forum on energy and foreign policy. We in the Kurdistan Region of Iraq have a great respect for Germany, one of the world’s most successful and established federal democracies. Ten years ago, the US and its allies removed Saddam Hussein from […]
The Sulaymaniyah Museum inaugurated a first section of its renovated exhibition halls displaying part of its rare and precious collection of historical objects embedded with ancient scripts. The "In Writing" exhibition comes as a new milestone in the modernization project of the museum, which was initiated in 2010 with the technical support of UNESCO. The […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 21st March 2013). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at ID1,675 / $1,812 (+1.0%) (weekly change). The number of week traded shares was 19.4bn and the weekly trading […]
WesternZagros Resources today announced its operating and financial results for the year end ended December 31, 2012, and additional key highlights and activities to date. With tremendous exploration success and solid operational execution in 2012, WesternZagros moved well ahead on its mission to be recognized as one of the leading junior oil and gas companies […]
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 strenuous efforts exerted to handle the housing crisis were quickly rendered useless when the ratified 2013 general budget did away with the allocations for the housing fund, which was to […]
By John Lee. Abu Dhabi's Cristal Group, which plans to open its first Baghdad hotel, the Cristal Grand Ishtar, at the start of May, says it wants to expand beyond Baghdad to Erbil, Karbala, Basra and Suleimanya in the next two years. Referring to Baghdad and most of the country outside the Kurdistan region, Peter […]
By John Lee. Egypt Air is to send 20 engineers to work on the maintenance of the Iraqi Airways fleet at the Egypt Air Station in Baghdad, according to a report from NINA. The Regional Director of the Iraqi Airways in Egypt and North Africa, Qayser Ahmed Oqleh, added that Egypt Air would lend 30 […]
By John Lee. The Acting Minister of Communications, Torhan al-Mufti [Torhan Mudher Hassan AL-Mufti] (pictured), has held a meeting with representatives of the Chinese companies Huawei and ZTE. According to a report from AIN, they discussed cooperation between Iraq and the Chinese companies. The Director General of the General Company of Communication and Post, Salih […]
By John Lee. Baghdad's Palestine Hotel, famous for housing foreign journalists during the US-led invasion of Iraq, has since undergone a makeover. Hotel manager Fadhel Salman Hassan told AFP: "We are a five-star establishment ... We have 405 rooms, three bars [and] by order of the minister of electricity, the power never cuts." The hotel […]
By John Lee. Iraq's National Investment Commission (NIC) recently held the Iraqi-Singapore Business and Investment Forum in Baghdad, in order to brief the Singapore delegation on investment opportunities in Iraq, as well as to promote economic and commercial exchange between the two countries. Deputy Prime Minister for Economic Reform, Dr. Rowsch Shaways, confirmed in his opening […]
