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Iraq's Asiacell May Float on Stock Market

Qatar Telecom QSC, the country’s largest company by revenue, is mulling plans to sell shares to the public in its Iraqi unit in two years, according to its chief strategy officer. “We are beginning to think now about doing an IPO in Baghdad,” Jeremy Sell said at a presentation in the Qatari capital Doha today. […]

Korea's Hyundai May Build Power Stations in Anbar

An investment delegation from the Korean company Hyundai, specialized in establishing and equipping oil-fired power plants, visited Anbar province on Tuesday to discuss proposals for investment in the province, according to a report from AKnews. Wissam al-Rawi, the head of the Energy Committee of Anbar Council, said that the council discussed investment with the Hyundai […]

US Missing Out On Business Opportunities in Iraqi Kurdistan

In a letter to the Editor of the Washington Times, Harry Schute Jr., a retired U.S. Army Reserve colonel with extensive experience in Iraq, and currently a consulting adviser to the Kurdistan Regional Government (KRG), says American firms are missing out on opportunities in Iraqi Kurdistan. Of the 850 international firms taking part in the […]

Italy to Fund UNIDO Industrial Development Project for Iraq

The United Nations Industrial Development Organization (UNIDO) will launch in January a EUR 3 million technical cooperation project in Iraq to develop industrial zones and enhance investment in the country. The two-year project will be funded by the Government of Italy, and implemented in coordination with the World Bank. An agreement on the funding was […]

Arab Economic Union Office to Open in Baghdad

Iraqi representative to the Arab League, Dr. Qais al-Azzawi, said that a branch of the Arab Economic Union will open in Baghdad in the near future, according to AKnews. Following a meeting on Sunday with Ambassador Mohamed al Rabie’, the General Secretary of the union, Al-Azzawi told AKnews that the opening of the office represents […]

$151m Waste-Recycling Plant in Muthanna

Works are underway to build a waste-recycling plant in al-Muthanna at a cost of $151 million [177 billion Iraqi dinars], according to the province’s investment commission chairman on Sunday. “The project stands over an area of 30 donums [7.5 hectares] and should be finalized in 13 months,” Adel Dakhil al-Yasseri told Aswat al-Iraq news agency. […]

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Unfinished Business: An American Strategy for Iraq Moving Forward

The Brookings Institution in Washington DC has issued a new report entitled "Unfinished Business: An American Strategy for Iraq Moving Forward". Ignoring the gratuitous use of the term 'moving forward' in the title, it's a thought-provoking read. The executive summary is shown below, and the full report can be downloaded from the Brooking Institution by […]

MOL Shares Up Following Iraqi Kurdistan Report

MOL Hungarian Oil and Gas has informed the markets that, further to its recent notification on 8 November 2010 on the test results, it has submitted the Discovery Report on the Bijell-1 exploration well to the Ministry of Natural Resources of the Kurdistan Region of Iraq. As previously announced, 3,743 bbl/d 13° API oil and […]

German Foreign Minister in Surprise Visit to Iraq

AFP reports that German Foreign Minister, Guido Westerwelle (pictured), made a surprise visit to Baghdad on Saturday and held talks with Iraqi leaders to promote trade and voice concern over attacks against minority Christians. Westerwelle met his Iraqi counterpart, Hoshyar Zebari, and parliament speaker Osama al-Nujaifi, and was due to see President Jalal Talabani and […]

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