By John Lee. Reuters reports that the Kurdistan Regional Government (KRG) expects an initial payment of 1 trillion dinars ($858 million) from Baghdad to clear next week after the two sides settled their dispute over payments to oil producers. "By 2015, we are looking at 1 million barrels per day. We're on track, regardless of […]
By John Lee. According to a report from Bloomberg, Morgan Stanley is no longer a bookrunner for the IPO (initial public offering) of Asiacell, the Iraqi telecom operator majority-owned by Qatar Telecom (QTEL). A person with knowledge of the discussions told the news agency that, while Morgan Stanley is still an adviser on the deal, […]
By John Lee. The regional head of motorcycle maker Harley-Davidson has told told Arabian Business that the company is planning to boost its dealerships in the Middle Eastern countries including Libya and Iraq. “The new showroom in Doha opened its doors just over a month ago, and the new Abu Dhabi and Algeria showrooms will […]
By John Lee. Earlier this month The Iraq Club – Dubai’s only exclusive network for investors and senior professionals involved in the Iraqi energy sector – returned after its summer break. More than 80 people turned out to hear guest speaker David Denman (pictured), an explosives expert and Technical Director at RPS Explosives Engineering Services. […]
On September 20, the U.S. Government, through the United States Agency for International Development (USAID), signed a memorandum of understanding (MOU) with Iraq’s Ministry of Education, outlining a partnership to support Iraqi efforts to improve primary education, as called for under the U.S. – Iraq Strategic Framework Agreement. The MOU was signed by the Minister […]
By John Lee. The Iraq Mega Projects 2012 Conference and Exhibition is only 2 weeks away. Register today to meet NOC's, IOC's, service companies and representatives from the Iraqi Government and be part of the largest gathering on Iraq's oil field services industry. Join us in Dubai and discover the investment opportunities available in the […]
Acting Iraqi Minister of Communications & Minister of Provinces, H.E. Torhan Mudher Hassan AL-Mufti (pictured), has confirmed his participation at The CWC Group’s Iraq Telecoms 2012 Conference. Held on the 12-14 November in Istanbul, the acting Minister will attend the Conference with a senior delegation, including the Senior Deputy Minister of Communications H.E. Mr Amir Al […]
By John Lee. An Alcatel-Lucent subsidiary, Lucent Technologies World Services Inc. (LTWSI), has agreed to pay the United States $4.2 million to settle False Claims Act allegations that it submitted misleading testing certifications to the Army in connection with the design, construction and modernization of Iraq’s emergency communications system, the Department of Justice announced today. […]
By John Lee. A delegation from the Kurdistan Regional Government (KRG) took part in the 22nd Economic Forum held in Poland earlier this month. The delegation included the KRG Minister of Planning, Dr Ali Sindi, the Chairman of the Kurdistan Board of Investment, Minister Herish Muharam, and the KRG representative to Poland, Mr Ziyad Raoof. […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 8th September 2012). Please click here to download a table of listed companies and their associated ticker codes. ID1,412 / $1,527 (-0.1%) (weekly change). The number of week traded shares was 6.4bn and the weekly trading volume was ID12.7bn ($10.6mn). ISX Company Announcements […]
By Haider Najm. 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. Passengers forced to sit in the aisle because of overbooking, others missing flights because the plane left early. Flying in Iraq isn’t exactly glamorous as Iraq’s […]
The owner and three employees of a US business promising high returns on the Iraqi dinar have been indicted by a federal grand jury on conspiracy and wire-fraud charges for allegedly duping investors out of more than $23 million. According to reports, Rudolph M. Coenen, 47, the owner of Bayshore Capital Investments LLC, is charged […]
