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Iraq Sends Delegation to Amman to Develop Free Zone

“The Iraqi government has sent a delegation of economic experts to Amman to discuss development of the Free Zone between Iraq and Jordan,” an adviser in the Iraqi government said on Tuesday. The team aims to develop economic relations between the two countries, especially in terms of trade, he said. “The relationship between Iraq and […]

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First Flight from Jeddah to Baghdad

After more than 20 years, Saudi Arabia will restore aviation links with Iraq – the first flight from Jeddah to Baghdad will be by the Kingdom’s privately owned Alwafeer Air on Thursday. Alwafeer Air will initially operate a weekly flight from Jeddah to Baghdad and two flights a week from Jeddah to Basra, said Saleh […]

More Flights to Baghdad

One of the fastest growing business jet destinations wasn’t much more than a smoking hole a few years ago but Baghdad is back. According to BusinessWeek, Lufthansa will start scheduled service next week and Royal Jet, which operates 11 corporate aircraft is reporting brisk business carrying oil executives and other business leaders to the calmer […]

Korek Selects Aastra to Upgrade Its Contact Centers in Iraq

Korek Telecom, one of Iraq’s three national telecom operators, has recently chosen Aastra, a leading company at the forefront of the enterprise communication market, for the expansion of its contact center of its headquarters in Irbil, in addition to establishing two new contact centers in Baghdad and Sulaimaniyeh. This major step comes as a necessary […]

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The Clock is Ticking

Twice in recent days, senior Iraqi government officials have stressed the need to solve the parliamentary stalemate internally within Iraq, without influence from outside: Prime Minister Nouri al-Maliki specifically warned the United States not to interfere in the country’s internal affairs, while Vice President Adel Abdul-Mahdi reportedly described it as “an internal affair and non-Iraqis […]

Foster Wheeler Awarded Basra Crude Oil Contract

Foster Wheeler AG (Nasdaq: FWLT) announced today that its Global Engineering and Construction Group has been awarded a project management consultancy (PMC) services contract by South Oil Company (SOC) for the Iraq Crude Oil Export Expansion Project onshore in southern Iraq and offshore in Iraqi waters. SOC is a company under the Ministry of Oil […]

West Qurna Phase-2 Tenders Open

Russia’s Lukoil and Norway’s Statoil have started issuing tenders for the multibillion project to develop Iraq’s supergiant West Qurna Phase 2 oil field in southern Iraq, a person familiar with the plans said Sunday, as reported by Reuters. The “first tender is a 3D seismic survey at the field”, the person said. A second tender […]

Electricity Ministry to Increase Production with Foreign Help

The Iraqi Electricity Ministry is seeking to increase electricity production to 10,000 MW during the next 3 years,” the Director of the Planning & Studies Department at the Electricity Ministry said on Monday. “The Ministry has developed a plan parallel to the Investment Plan and presented it to investors in the electricity sector to implement […]

Iraq Kurds Say to Crack Down on Fuel Smuggling

Iraq’s northern Kurdish region is cracking down on fuel oil smuggling through the area and across Iraq’s borders, the government of the semi-autonomous region said on Sunday. The Kurdish Regional Government (KRG) issued a statement in response to a New York Times story on Friday that said hundreds of millions of dollars worth of crude […]

BP Spill Won’t Affect Iraq Projects: Oil Minister

Iraq’s oil minister said on Saturday he sees no impact from the massive oil spill at a BP well in the Gulf of Mexico on Iraq’s current or future projects to develop its giant oilfields. BP has promised to pay damages to those hurt by the worst oil spill in U.S. history and has committed […]

Fuel Crisis in Baghdad Again

“The queues at gas stations in Baghdad were the result of the shortage of electricity and the high temperatures,” the spokesman of the Iraqi Oil ministry said today. “The high temperatures prompted citizens to store petrol for their home generators,” Assim Jihad said. “The Ministry is regularly providing the stations with fuel and gasoline,” he […]

Financial Sector Developing in Kurdistan

Both public and private sectors are working hand in hand to establish and develop a modern financial sector in the Region that can support the economic growth in the Region, measure up with international standards, and be connected to world markets, something that is key to the soundness and efficiency of this sector. The sector […]