The Iraqi Cement Company made a profit of 16 billion dinar [$13 million], according to Aswat al-Iraq. "A major success has been achieved by the Ministry of Industry Minerals and the Iraqi Cement Company," a media spokesman for the Company's Director-General, Nasser al-Madani reported. "The Company had achieved more than 16 billion (b) dinar proft […]
By Chris Bowers, British Consul General in Erbil. This article was originally published by Rudaw, and is re-published with permission by Iraq Business News. A great British poet, Samuel Coleridge, wrote in 1817 that art in its best form required a “willing suspension of disbelief”. What he meant by that is that most literature or […]
At the 'Iraq: Untapped Opportunities' conference in London last week, the Deputy Prime Minister with responsibility for energy, Dr Hussain al-Shahristani (pictured), said he expects Iraq's rate of economic growth to increase in the coming years, partly as a result fo the country's "generous benefits, guarantees and exemptions". He said that the country has averaged […]
The Russian news agency RT produced this report on corruption in the US military in Iraq: (Source: RT)
The United States is to spend more than $6 billion in Iraq in 2012 even though its forces are to withdraw from the country by the end of this year, US ambassador James Jeffrey (pictured) said on Sunday, according to AFP. US President Barack Obama announced on October 21 that the last troops would leave […]
Barham Salih [Saleh], the Prime Minister of Kurdistan's Regional Government, said he expects 12 per cent growth in the region’s economy next year. Speaking at the opening ceremony of the Sulaimaniyah Trades Fair, Salih (pictured) praised the economic boom in the Kurdistan Region. “This city [Sulaimaniyah] used to be like a military camp, a war […]
At the 'Iraq: Untapped Opportunities' conference in London last week, the Deputy Prime Minister with responsibility for energy, Dr Hussain al-Shahristani (pictured), clarified Iraq's target of producing 12 million barrels per day of crude oil. The 12 million bpd was, he said, a capacity figure, and would not necessarily mean that this quantity of oil […]
By Tavish Scott, Member of the Scottish Parliament. This article was originally published by The Scotsman, and is re-published 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. A familiar face walked across the hotel lobby. Former BP boss Tony […]
Waterford Finance & Investment Limited disclosed after the close of Monday's business on the London Stock Exchange it has increased its holding in Gulfsands Petroleum to 12.7%. This follows an increase to 6.39% on Wednesday, and to 9.27% on Friday. Waterford is an investment vehicle controlled by Russian investor Michael Kroupeev. Shares in Gulfsands Petroleum […]
During an official visit to the State of Kuwait on 23 - 25 November, the Special Representative of the United Nations Secretary-General (SRSG) for Iraq, Mr. Martin Kobler, was received by the Amir of the State of Kuwait, H.H. Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah, in the country’s capital, Kuwait City. SRSG Kobler also met with […]
The U.S. government through the United States Agency for International Development (USAID) participated this week in the 4th Iraq Agro-Food Expo in Erbil, showcasing the success of the USAID-Inma Agribusiness Program and highlighting beneficiaries. The success of this program is an example of US-Iraqi cooperation, under the auspices of the Strategic Framework Agreement, in support […]
Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 10th November 2011). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at ID1,321 / $1,465, -0.4%. The number of weekly traded shares was 6.9bn and the weekly trading volume was ID8bn ($6.9mn). […]
