The Head of the KRG Department of Foreign Relations, Minister Falah Mustafa, conducted meetings with Spanish Foreign Ministry and Parliamentary officials and spoke at a think tank in an effort to further expand the growing relationship between the KRG and Spain. Iraq's Ambassador to Spain, Mr. Wadee al-Batti, and the KRG Representative to Spain, Mr. […]
UN Casualty Figures for February 2014, Anbar province excluded According to casualty figures released today by UNAMI, a total of 703 Iraqis were killed and another 1,381 were injured in acts of terrorism and violence in February*. The number of civilians killed was 564 (including 152 civilian police), while the number of civilians injured was […]
The announcement that Sonangol is to pull out of Iraq due to security problems is disappointing for many, not least for the company, which has been working at the Qayara and Najmah fields for the past four years. But it must be remembered that while security is always a concern, the extent of the problem […]
By John Lee. Angola's Sonangol has decided to abandon its Qayara and Najmah oilfields in Nineveh province due to security problems. Reuters reports that Anabela Fonseca, Sonangol board member in charge of international investments, told a news conference: "Our presence in Iraq was as an operator in an area with much conflict. Last year we […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 20th February 2014). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at ID1,888 (-2.5%)/ $2,005 (-2.5%) (weekly change). The number of week traded shares was 11.2bn and the weekly trading […]
Erbil's IKG Property has issued its Q4 2013 Report which covers Erbil’s Industrial, Retail and Residential markets. The report gives an overview of each sector, explores the supply and demand dynamics and give a brief snapshot of the serviced apartment sector. Click here to download the report from our Reports section.
By Michael Carr, Anglo Arab Insurance Brokers (AAIB). Iraq’s Massive Potential – The Promise from Trade and Investment The newly appointed Baroness Nicholson as the United Kingdoms Trade Envoy to Iraq underscores the view felt by some senior business interests, that “Iraq has massive potential … the future is very good indeed (and) it’s a […]
Russia's Gazprom Neft has increased its estimated costs for the Badra oil field to about US $3 billion, reports Bloomberg, citing a bond prospectus recently issued by its parent company. The company had previously forecast costs at about $2 billion. The field is being developed by Gazprom as lead partner (30% stake), along with Korea’s […]
Iraq’s Ministry of Water Resources has taken delivery of seven 55-tonne GT-550E-2 truck cranes from the Japanese company Tadano, via its distributor, United Iraqi Trading Equipment (UITECO). Manufactured by Tadano's Beijing manufacturing joint venture BQ-Tadano, the four axle GT-550 features a five section 42 metre boom plus a 8.8 to 15.2 metres bi-fold swingaway that […]
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. The announcement of Muqtada al-Sadr, the leader of the Sadrist movement, that he is retiring from politics triggered many reactions from political and popular circles in Iraq, as well as a lot […]
More than 30 senior representatives of some of France’s biggest businesses were in Paris on Fridayto hear the Executive Chairman of the Iraq Britain Business Council (IBBC) talk about the organisation’s work and ambitions for the future. Baroness Nicholson was joined by the Council’s COO, Christophe Michels, at the event which was held in the […]
Minister Falah Mustafa, the Head of the Department of Foreign Relations, addressed a conference in the European Parliament on human rights in Kurdistan and Iraq during a two-day official visit to Brussels this week. Minister Mustafa also met with members of the European Parliament, government officials from the European Union and Belgium and visited both […]
