By John Lee. Reuters reports that Iraq's acting Minister for Defence, Sadoun al-Dulaimi (Sadun al-Dulaymi) (pictured), has been in Russia to negotiate the purchase of air surveillance equipment. Hakim al-Zamili, a member of the parlimantary security and defence committee, told the news agency: "There is a delegation, headed by the minister of defence and the commander […]
By John Lee. The KRG is to form a committee to lay down the mechanism for foreign workers to apply for work in the Kurdistan Region, according to AKnews. Abbas Akram, press secretary for Ministry of Labour and Social Affairs, said the committee is intended to help to secure the rights of the foreign workers […]
By John Lee. Heritage Oil, which has operations in Iraqi Kurdistan, has published its interim results for the six months ended 30 June 2012: Operational Highlights · Execution of an agreement to acquire a transformational major interest in OML 30 in Nigeria ("Proposed Acquisition"), which is subject to shareholder approval, and is expected to complete […]
By John Lee. The Head of the Greek company Metka, John Mytilineos, met with Iraq's Deputy Prime Minister for Energy Affairs, Hussein al-Shahristani, to discuss the building of the new Shat al-Basra power station. A statement by Shahristani's Office, reported by AIN, said: "Shahristani urged during the meeting the Company to assume suitable immediate procedures […]
By John Lee. Genel Energy has issued the following announcement on its Bina Bawi acquisition in Kurdistan: On 14 May 2012, Genel Energy plc ("Genel Energy") announced that it intended to acquire a 23 per cent interest in the Bina Bawi exploration licence. The acquisition was to be made through the purchase of all of […]
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 […]
By John Lee. The third phase of construction at the Nahrawan industrial complex is soon to be launched, reports AIN. Directorate General for Industrial Development at the Ministry of Industry, Hadi al-Hassan, said: "The Directorate will invite companies related to the Ministry including al-Faris Company and the General Company for Design and Industrial Construction to […]
On 18-19 September 2012 in the City of London, a high-level Iraqi delegation of Ministers, Deputies, and senior decision-makers will get together with their counterparts from international banks and financial institutions to collaborate to rebuild Iraq's financial sector. Huge opportunities will be on offer for the financing of major infrastructure and energy projects. PPP mechanisms […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 2nd August 2012). Please click here to download a table of listed companies and their associated ticker codes. ID1,360 / $1,471 (-0.3%) (weekly change). The number of week traded shares was 5.7bn and the weekly trading volume was ID8.9bn ($7.4mn). Note: There will […]
By John Lee. The City of Baghdad has signed a contract with the Alfaris company, which is related to the Industry Ministry, to supply five water filtering water plants. The plants will have a capacity of 200 cubic meters per hour, and will serve a number of neighbourhoods in the city of Baghdad. According to […]
By John Lee. President Barack Obama has said that Iraq's Elaf Islamic Bank carried out "transactions worth millions of dollars" on behalf of Iranian banks that had been blacklisted because of their to Iran's nuclear programme. "We will expose any financial institution, no matter where they are located, that allows the increasingly desperate Iranian regime […]
By John Lee. Sixteen companies have bid to build a 480 billion-dinar ($412 million) breakwater for Iraq's Grand Fao [Grand Faw] port. Omran Radhi, director general of the State Company for Iraq’s Ports, told Bloomberg that the list of bidders includes: Hyundai Engineering & Construction; Daewoo Engineering & Construction; Dredging International; China Communications Construction Company; […]
