By John Lee. Safar Oilfield Services has announced its partnership with United Technical Services (UTS) to provide unique chemical solutions to the vast hydrogen sulfide gas (H2S) challenges faced in Iraq. As the Kurdistan region of Iraq continues to combat the challenging issue of H2S, Safar now offers and supplies H2S Scavengers and provides customers […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 5th June 2014). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at ID1,833 (-0.6%)/ $1,966 (+0.4%) (weekly change). The number of week traded shares was 3.8bn and the weekly trading […]
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. The 1991 and 2003 attacks on Iraq destroyed museums, libraries, theatres and heritage sites. Al Jazeera World is a weekly series of one-hour documentaries showcasing films from across the Al Jazeera Network. This […]
If anyone doubts the fact that Iraq is changing, and for the better, just look at the top three headlines in our Newsletter this week: $7.8bn ‘Petrodollars’ Allocated for Development Iraq to Launch Satellite this Month Dubai Proposes Twinning with Erbil Of course there are still challenges to be overcome in the area of security, […]
By John Lee. The Iraqi cabinet has allocated $7.8 billion for development projects in oil-producing provinces, according to Al-Shorfa. The Minister of Planning Ali al-Shukri (pictured) said. "The amounts are allocated for various economic, social, and service development projects in the housing, education and energy sectors, and for environmental protection projects, treatment of environmental effects […]
By John Lee. APM Terminals, operator of Aqaba Container Terminal in Jordan, has announced plans to upgrade the supply chain capabilities of its subsidiary, Aqaba Logistics Village (ALV). to serve the growing demand from importers and exporters for more efficient logistics services. The IMF forecasts GDP for Iraq and Jordan combined at 8% annual growth […]
By John Lee. Zagrosjet Airlines is launching flights between Erbil and Larnaka, Cyprus. The airline will connect Larnaka with the city of Erbil in Iraq. The Larnaka-Erbil route will be performed once a week and will be operated with Airbus 320 and 321 type aircraft. Wes Porter, the Chief Executive Officer of Hermes Airports, which […]
President of the Entrepreneurs Union of Kurdistan, Samir Ismail Daizi, has announced that a delegation of entrepreneurs of the region will pay a visit in Tunisia in September 2014. During a Tunisian-Kurdish business forum held, Monday in Erbil, on the theme "opportunities of partnership and trade exchanges", Daizi said that the visit scheduled by the […]
The Federal Judicial Authority and the Embassy of United States of America held a meeting of the Iraq-U.S. Joint Coordination Committee (JCC) on Judicial and Law Enforcement Cooperation in Baghdad on June 3 and 4, 2014 as part of the Strategic Framework Agreement between the two countries. Chief Justice of Federal Judicial Authority in Iraq […]
By John Lee. The Ministry of Science and Technology announced that it will launch a satellite for research purposes on 20th June from a base in the north of Russia. Built in conjunction with La Sapienza University in Rome, the "Tigrisat" satellite (pictured) will also detect dust storms over Iraq. It weighs just 4 Kg […]
Tunisair announced two direct flights per week to Kurdistan at the first Tunisia – Kurdistan Economic Forum hosted by the KRG in Erbil. Tunisian government officials, representatives of more than 50 companies, as well as journalists were among the delegation aboard the first Tunisair flight to arrive in Kurdistan. At the well-attended forum, KRG Minister […]
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 […]
