By Padraig O'Hannelly. Iraq has many assets, and while oil is the first that comes to mind, we should not forget the multitudes of Iraqis who live outside their country of birth -- the Iraqi diaspora. Estimates vary, but there are probably between four and five million Iraqi-born emigrants living in a wide range of […]
The United Kingdom’s Trade Minister Lord Green met with local business leaders, British company executives, as well as the Iraq Britain Business Council representatives in Basrah today (23rd). The hour long meeting focussed on the security environment in Basrah and business opportunities for British companies in the region. Executives from IBBC member firms Mott Macdonald […]
By John Lee. Genel Energy has announced that closing has taken place on its acquisition of the remaining 49 per cent participating interest in the Miran exploration block in the Kurdistan Region of Iraq. On 12 November 2012, Genel Energy announced that Heritage Oil issued the Exchange Repayment Notice signifying its intention to repay the […]
By John Lee. Kuwait MPs have overwhelmingly ratified the $500-million settlement deal to end the 22-year-old dispute between Kuwaiti Airways Corporation (KAC) and Iraqi Airways. Iraqi Airways agreed in July to pay the compensation to KAC for damages caused by Saddam Hussein's troops during the 1990-91 invasion of Kuwait. Kuwait says 10 of its planes as […]
On January 21, the U.S. Embassy in Baghdad, through the United States Agency for International Development (USAID), signed a memorandum of understanding (MOU) with Iraq’s Independent High Electoral Commission (IHEC) formalizing its cooperation to develop IHEC’s institutional capacity in the areas of strategic planning, electoral management, and external relations through the Elections Support Project. Under […]
In 2012, 947,600 passengers used Erbil's new International Airport, a 53% increase on the previous year, whilst cargo tonnage also increased dramatically, with a 54% increase to 27,849 tonnes per annum. The 2012 passenger count brings the total number of passengers departing Erbil International Airport since the new terminal opened in September, 2010, to 1.7 […]
By John Lee. Prince Salman bin Abdul Aziz opened the Arab Summit of Economic and Social Development in the presence of Arab kings and presidents in Riyadh on Monday. His Excellency the Vice President, Dr. Khudair Khuzaie presided the delegation of the Republic of Iraq to this summit. The delegation included the Minister of Foreign […]
A high-level UN delegation visited the Domiz refugee camp in Dohuk Governorate this week to witness the harsh living conditions of the refugees and to develop a joint coordinated response to the pending needs intensified in the sub-zero temperatures in Domiz. The delegation met with the Governor of Dohuk, Mr. Tamar R. Fatah, to thank […]
By Ali Abel Sadah, for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Iraqi Prime Minister Nouri al-Maliki has been forced to make new concessions to Sunni demonstrators and is finally losing his firm grip on the Accountability and Justice Law, also known as […]
The UK's Middle East Association invites you to register for what promises to be an engaging and interactive event led by a panel of experts who will outline some of the challenges, risks and also potential causes for optimism for the year ahead in the Middle East and North Africa. Following two years of major […]
By John Lee. Iraq has announced that it has discovered deposits of crude oil equivalent to one billion barrels of oil, following the first exploration work by state-owned firms in almost 30 years. The new oil find in Maysan [Missan] province, near the border with Iran, and could potentially make a significant addition to Baghdad's […]
By John Lee. Prime Minister Nouri al-Maliki held talks with ExxonMobil chief Rex Tillerson (pictured) on Monday. AFP reports that the meeting was the first between the two since the firm signed an oil exploration agreement with Kurdistan in October 2011, a move which angered Baghdad, which has said the company must choose between its deals with […]
