By John Lee. Standard Chartered Bank hosted an information session on Monday for Korean businesses interested in investing in Iraq. At the one-day seminar held in Seoul, Gavin Wishart, CEO of Standard Chartered Bank Iraq, said that Iraq provides substantial opportunities for world-renowned Korean construction and engineering companies. He added that the Iraqi government is […]
By John Lee. Nawah Port Management (NPM) has reportedly won approval from the Iraqi government to import food cargo at its Basra port container terminal. Nicholas Kunesh, NPM’s president and CEO, said: “This is an important moment for Basra and Iraq writ large. Given Iraq’s growing disposable income, particularly within the expanding middle class, demand […]
By John Lee. Saudi citizens caught traveling to Iraq will face a fine of SR10,000 ($2,700) and a three-year travel ban, according to a report from Arab News. Col. Salman Al-Muhaya, director of the Saudi travel section at the Passport Department, said: “There are exceptional cases where Saudis may be allowed to travel ... based […]
The Special Representative of the United Nations Secretary-General for Iraq (SRSG), Mr. Nickolay Mladenov, has visited the Grand Ayatollah Ali al-Sistani (pictured) in his residence in Najaf. His Eminence and the SRSG discussed the recent elections and the post-electoral environment. His Eminence thanked the UN for its support to the IHEC and the election process, and […]
By Anne-Laure Barbosa at Constellis Consulting www.constellis-consulting.com Casualty figures released in June indicated that nearly 800 people were killed in violence across Iraq in May, making it the deadliest month so far this year. This uptick in violence moved in parallel with an increase of tensions in the political sphere, as divisive and opaque parliamentary negotiations confirm […]
On 31 May, Gazprom Neft began production at the Badra oilfield in Iraq. The central gathering station (CGS) is currently undergoing complex testing of its crude oil processing system. Testing will be completed in three months once enough oil has been accumulated for commercial production to begin. The Badra field will then be ready to […]
Last week the Municipality of Dubai proposed a twinning project with the capital of the Kurdistan Region, Erbil, to foster cooperation on a number of issues, especially regarding the real estate market, e-governance and reducing bureaucracy in government institutions. The proposal came at a Kurdistan – United Arab Emirates trade forum held in Erbil on […]
By Harith Hasan for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. KRG Risks Isolation in Iraq by Exporting Oil through Turkey The announcement this month that the Kurdistan Regional Government (KRG) was exporting oil independently of the Iraqi central government was an […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 15th May 2014). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at ID1,843 (-0.9%)/ $1,958 (-0.9%) (weekly change). The number of week traded shares was 2.9bn and the weekly trading […]
By Reidar Visser. The following article was published by Reidar Visser, an historian of Iraq educated at the University of Oxford. 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 Business News. The Intra-List Struggle in the State of Law Coalition: The Baghdad […]
According to casualty figures released today by UNAMI, a total of at least 799 Iraqis were killed and another 1,409 were injured in acts of terrorism and violence in May (not taking into account casualties of the current IA operation in Anbar, for which separate figures are shown below). The number of civilians killed was […]
Foreign Minister Hoshyar Zebari talks last week with the Algerian Foreign Minister, Ramtane Lamamra. During the talks, the two sides discussed bilateral relations, the establishment of the Joint Ministerial Committee and agreed to hold a preliminary meeting at the level of experts and technicians to set the foundations for cooperation in the fields of energy […]
