The UK's Middle East Association (MEA) and British Expertise, in co-operation with the Kurdistan Regional Government UK Representation, cordially invite you to the 'UK in Kurdistan Business Forum' at the Erbil International Hotel, Ballroom, on Sunday 23rd February at 11am. The event will be a mini-trade fair focusing on the unique commercial offer the UK […]
Shares in WesternZagros Resources fell 12 percent on Thursday following the announcement that it has completed a revised resources assessment of its Kurdamir Oligocene reservoir in the Kurdistan Region of Iraq and there are no material changes. On the Garmian Block, declaration of commerciality has been filed, the Baram-1 exploration well has discovered light oil, […]
We all know that there are risks to doing business in Iraq, but there are also tremendous opportunities, and in this week's newsletter you can read many examples of companies seizing these opportunities and contributing to the much-needed redevelopment of the country. To keep you informed of new opportunities that might be of interest to […]
NAWAH Port Management (NPM), a business unit of North America Western Asia Holdings (NAWAH), has completed the offloading of the third container vessel running weekly service between the United Arab Emirates and the company’s container terminal at Al Maqal Port in urban Basra. Historic Al Maqal Port, also known as the Port of Basra and […]
Capital Banking Solutions, a provider of end-to-end banking software for retail, corporate, private and Islamic banks, has announced that Sumer Commercial Bank has selected CapitalBanker as its core banking system to be implemented in over 10 branches throughout 2014. With Sumer Commercial Bank as the 5th Iraqi bank to sign with Capital Banking Solutions, Capital […]
US Embassy officers have participated in the Commerical Law Development Program’s (CLDP) Vis Moot Court program at the Al-Rasheed Hotel. On the margins of the moot court training, Embassy officers offered guidance and encouragement to law students as they prepare for upcoming competitions in Qatar and the final rounds in Vienna, Austria. The Embassy’s EducationUSA […]
The Italian Consul in Erbil, Mr Carmelo Ficarra, has met the Head of the KRG Department of Foreign Relations, Minister Falah Mustafa, and was accompanied by a large delegation of Italian businessmen. The delegation included representatives from companies already working in Kurdistan and others planning on working here in the near future. Minister Mustafa welcomed […]
Oryx Petroleum has announced that it has determined that the Demir Dagh 2 well discovery is a Commercial Discovery pursuant to the terms of the Erbil Production Sharing Contract. Oryx Petroleum is currently undertaking an extensive appraisal program in relation to the full Demir Dagh field, and will continue to undertake such appraisal activities through […]
Siemens Energy has been awarded an agreement to perform service and maintenance at the 600 megawatt (MW) Baiji [Bayji] gas power plant, located in the Salah al-Din governorate in Iraq. Under terms of the contract signed with Iraq's Ministry of Electricity, Siemens will supply and deliver spare parts for the Baiji power plant's four SGT5-2000E […]
By Amal Sakr for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Iraq has been struggling with an increase in poverty rates for many years. While the Iraqi Ministry of Planning notes that the rate of poverty has recently decreased, reaching 11%, statistics released […]
The Head of the KRG Department of Foreign Relations, Minister Falah Mustafa, has welcomed the British Consul General in Erbil, Mr Hugh Evans, who was accompanied by Mr Angus McKee, the Head of the Syria Office at the British Embassy in Lebanon. The meeting focused primarily on the latest political and security situation developments in […]
By Constellis Consulting www.constellis-consulting.com Political tensions continued to escalate with the killing in Baghdad of Hamza al-Shimmari, a Shia politician running for parliament in the April elections and allied with the Sadrist bloc. On 10 February, Parliament Speaker and probable Presidential candidate Osama al-Nujaifi escaped an assassination attempt after his convoy was hit by a […]
