By John Lee. A spokesman for the U.S. Embassy in Baghdad, Michael McClellan, has denied recent reports in the Iraqi media that the U.S. Embassy has prepared a report on the wealth of Iraq's political leaders. “Embassy officials meet regularly with Iraqi leaders across the political spectrum and engage them on a wide range of […]
By John Lee. The Trade Bank of Iraq (TBI) has issued a Visa Debit Gold Card for dollar-denominated accounts currency, according to a statement from the bank, reported by AKnews. The statement quoted director general of the bank, Hamdiya al-Jaff [Hamdiya Al-Jaf, Hamida al-Jaf], as saying: "The issuance of such cards encourage citizens to deal […]
By John Lee. UK Foreign Secretary William Hague met Iraqi Foreign Minister Hoshyar Zebari in London on 10 July. After the meeting they issued the following statement: Following yesterday’s re-opening of the Iraqi embassy in London which marks another important step in Iraq’s re-emergence on to the international stage; we reinforced today our commitment to […]
By Farah Ali. This article was originally published by the Institute for War and Peace Reporting, iwpr.net, and it is reproduced by Iraq Business News with permission. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News Fourteen Iraqi women have undergone specialised IWPR training in […]
By John Lee. Most of Iraq's 34 private banks have met the central bank's 30th June deadline to reach the 150 billion Iraqi dinar ($128.8 million) capital requirement, reports Reuters.
By John Lee. Iraq's Foreign Minister Hoshiar Zebari has re-opened the Iraqi Embassy in London on Tuesday following renovations. He raised the Iraqi flag and cut the ribbon at a ceremony accompanied by Alistair Burt, Parliamentary Under Secretary of State at the Foreign and Commonwealth Office, Minister of State for British Near Eastern Affairs, Baroness Emma […]
By John Lee. The Australian-based company Oil Search Limited has reportedly suspended its activities in Iraqi Kurdistan due to an armed attack on the company’s work base in the Nawjul District in Kfri. According to the report from AKnews, the Director of the district, Wahab Ahmed, confirmed the incident and denied that it was linked […]
By John Lee. MP Abdul Hussein Raisan, of the Ahrar bloc, has said that deleting the three zeros from the Iraqi currency was "inappropriate due to the present economic conditions". Citing a lack of real reforms in the banking sector, he said that the economic situation is not suitable for such a change, according to a […]
Following the success of the Pathfinder Trade Mission to Kurdistan earlier this year, Pathfinder Trade and Invest invites you to join its September high level Trade and Investment Mission to Erbil, Iraqi Kurdistan. The programme will include an important round table discussion with the Erbil Chamber business members, meetings with Government Ministers and Ministries as […]
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. India's Reliance Globalcom, the underseas cable unit of Reliance Communications, has said it has launched a joint venture with the Iraqi Telecommunications and Post Company (ITPC) that substantially expands the country's broadband and telecommunications links to the outside world. By activating the Al-Faw Cable Landing Station (CLS), the venture will connect Iraq […]
By John Lee. Bloomberg reports that Iran has discovered crude reserves near its western Yadavaran oil field along the border with Iraq. Iran's Oil Minister, Rostam Qasemi (pictured), said the discovery of the deposits will add as much as 6 billion barrels to Iran's recoverable reserves. The Yadavaran field, which the country shares with Iraq, […]
