By John Lee. WesternZagros Resources has announced that it has entered into an investment agreement with Crest Energy International LLC, under which Crest will purchase, through a non-brokered private placement, 51,000,000 Common Shares in the Company at $1.25 per share for gross proceeds of $63.75 million. This price represents an approximate 25 percent premium to […]
By John Lee. Swedish telecom company Ericsson has been selected to expand the Iraqi Telecom and Post Company's (ITPC) wireline network with a transition to next generation network. According to a report from Trade Arabia, the partnership strengthens the five-year relationship between the companies and positions Ericsson as the sole supplier for ITPC’s core network. […]
By Omar al-Shaher for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. The controversial Iraqi Sunni politician Ahmed al-Alwani, who is president of the Economic Commission in the Iraqi parliament, ridiculed the notion that if Anbar province gains autonomy, its economy will be […]
From Jewish News One. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. A decade after the US-led invasion of Iraq, and despite USD 60 billion in taxpayer funds for development, the country is still unstable and according to Stuart Bowen, US Special Inspector General […]
In commemoration of International Women’s Day, the U.S. Embassy in Baghdad hosted a reception on March 10 to discuss challenges facing women and girls in Iraq and efforts of the U.S. and Iraqi governments and civil society to address these challenges and promote the status of women in Iraq. Iraqi government figures, civil society leaders, […]
By Reidar Visser. The following article was published by Reidar Visser, an historian of Iraq educated at the University of Oxford and currently based at the Norwegian Institute of International Affairs. 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 […]
Ten years after the US-led invasion that toppled the brutal regime of Saddam Hussein, Iraq remains enmeshed in a grim cycle of human rights abuses, including attacks on civilians, torture of detainees and unfair trials, said Amnesty International in a new report out today. A decade of abuses exposes a chronology of torture and other […]
By John Lee. The KRG Minister of Municipalities and Tourism recently signed an agreement with ARGE Company; the ceremony was attended by Governor of Hawler, General Consul of Turkey in Hawler (Erbil), general director of water for Erbil province, the Mayor of Mergasor and the manager of implementing company. Later in a press conference the […]
By Saleh Elias. This article was originally published by Niqash. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. An old Mosul mechanic is shocking locals by restoring scrapped, vintage cars and making lots of money. The aging mechanic even talks to the vehicles to […]
On March 2, 2013, the U.S. Embassy with implementing partner Iraqi Green Peace Organization (IGPO) celebrated the graduation of 48 English Access Microscholarship Program scholarship recipients. Deputy Chief of Mission (DCM) Douglas Silliman and Mr. Samir Al‑Badrawi, Director of IGPO, congratulated the graduates and presented their certificates of completion. Dr. Mahdiya Abed Hasan, Baghdad Council […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 7th March 2013). Please click here to download a table of listed companies and their associated ticker codes. ID1,674 / $1,811 (-1.1%) (weekly change). The number of week traded shares was 39.8bn and the weekly trading volume was ID41.2bn ($34.3mn). ISX Company […]
By John Lee. The Iraqi parliament passed the 2013 budget of the 138 trillion Iraqi dinars ($118.5 billion) on Thursday, allocating to Kurdistan just a fraction of the oil revenue the region requested, reports Wall Street Journal. Ibrahim al-Mutlaq, a member of the parliamentary finance committee, said the budget allocates 750 billion Iraqi dinars ($644 […]
