By Mushreq Abbas for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. In an interview with Al-Monitor, Basra governor Majid al-Nasrawi confirmed that his city had contracted a British security consulting firm (whose name he would not disclose before the completion of the contract) […]
By Reidar Visser. The following article was published by Reidar Visser, an historian of Iraq educated at the University of Oxford. It is reproduced 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. 44 Iraqi MPs Resign: Who Are They, and What Are the […]
By John Lee. Turkish Energy Minister Taner Yildiz (pictured) said today that Kurdish oil has started flowing to the Turkish port of Ceyhan via the new pipeline, but it will not be shipped to world markets without agreement from Baghdad. According to Reuters, the Minister said he hopes a deal allowing exports to begin can […]
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Sunni Muslim tribesmen in Iraq's Anbar province have seized control of all police stations in Fallujah, with armed men removing all officials from their posts as the army remains positioned outside the city's […]
According to casualty figures released by UNAMI, a total of 759 Iraqis were killed and another 1,345 were wounded in acts of terrorism and violence in December*. The number of civilians killed was 661 (including 175 civilian police), while the number of civilians injured was 1201 (including 258 civilian police). A further 98 members of […]
By Padraig O'Hannelly. As we start another year, the focus of media attention has been, understandably, on Iraq's increasingly difficult security situation. But as always, there is more to the story. For example, professional services firm PwC has said its Iraqi business has grown by 30 percent over the past year; the government has just […]
According to Iraq Oil Report, the Ukrainian firm K&M Ltd. is tipped to win a $230-million contract to replace one of the two pipelines of the Iraq-Turkey Pipeline (ITP). If the firm has been selected by the North Oil Company (NOC) as its preferred contractor, the decision would still need the endorsement of the Oil […]
The Iraqi State Minister for Provinces' Affairs, Torurhan Mudhir Hassan al-Mufti, has reportedly said that Iraq is interested in using the services of Azerbaijan's Azerspace satellite. APA quotes the Minister as saying: “Our country is ... interested in Azerbaijan’s ICT projects. For example, Iraq is developing [a] project [to launch a] national satellite. However, this […]
The deputy head of the National Iranian Drilling Company (NIDC), Mohammad Reza Takayedi, has said that an agreement has been signed under which Iranian drilling engineers will train Iraqi technicians. Tayakedi also said that the NIDC is seeking to operate drilling projects on an engineering, procurement and drilling (EPD) basis. The NIDC operates over 70 drilling […]
A federal grand indicted three men from the Toledo area for their roles in the operation of a $23 million fraud scheme involving the sale of Iraqi dinar currency and two non-existent hedge funds, said Steven M. Dettelbach, United States Attorney for the Northern District of Ohio, and Kathy Enstrom, Special Agent in Charge, IRS-Criminal […]
Professional services firm PwC has said its Iraqi business has grown by 30 percent over the past year. Ismail Maraqa, a PwC senior partner overseeing Iraq operations, told the Financial Times: “If you look at the region, Iraq is one of the few promising emerging markets out there ... The business opportunities are huge. They […]
By Ayser Jabbar for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Iraq is not attracting domestic capital belonging to its citizens. Inadequate economic and investment policies in addition to widespread corruption have contributed to a new migration of Iraqi capital. This time, capital […]
