A U.S. Army major who pleaded guilty to accepting $20,000 in bribes from an Iraqi contractor was sentenced last week to six months in federal prison, according to a report from Reuters. In addition to his prison sentence, Christopher Bradley, aged 42, of El Paso, Texas was also ordered to pay restitution. Federal prosecutors said […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 7th June 2012). Please click here to download a table of listed companies and their associated ticker codes. ID1,291 / $1.407, (+0.7%) (weekly change). The number of week traded shares was 8.0bn and the weekly trading volume was ID13.1bn ($11.0mn). ISX Company […]
Iraq's Minister of Construction and Housing, Mohammed Sahib al-Daraji [Darraji], has reportedly discussed plans for Highway No. 2, which runs from Baghdad to the Turkish border, with a Danish engineering design company. According to the report from AKnews, the company concerned is called "Coy", but Iraq Business News believes it to be COWI Holdings. The minister […]
The Iraqi government has decided to increase the fund for importing electricity to $1.7 billion, according to a report from AKnews. Government spokesperson Ali al-Dabbagh (pictured) said the increase was made following a request from the Ministry of Electricity. (Source: AKnews)
Iraq has named Thamer Ghadhban as its candidate for the position of head of OPEC, and some analysts believe he could be an acceptable compromise candidate. Based on current differences, "I don’t believe it can be an Iranian or a Saudi," said Neil Atkinson, an energy analysis director at UK research firm Datamonitor, who notes […]
The Tehran Times reports that Iraqi officials have expressed interest in using experts from Iran to build a section of a natural gas pipeline on their side of the border. Javad Oji, managing director of the National Iranian Gas Company, said talks with Iraqi officials in Baghdad resulted in agreements between the countries to move […]
WesternZagros Resources recently updated its corporate presentation. Please click on the following pages to see the main slides:
KRG Prime Minister Nechirvan Barzani announced a strategic, tripartite energy agreement yesterday between companies from the Czech Republic, Turkey and the Kurdistan Region to build a new power plant. The agreement brings together the Czech Export Bank, Czech company PSG International, Turkey’s Renaissance Construction and KAR Group, the Kurdistan Region’s largest company, to build and […]
WesternZagros Resources today announced an update of the Company's ongoing exploration and appraisal program, and a substantially revised Prospective Resource Assessment of the Eocene reservoir for Kurdamir. The Eocene reservoir is the second of the three targeted reservoirs in the Kurdamir-2 well (currently drilling). The revised assessment is based upon the Kurdamir-2 well encountering an […]
The Middle East Association (MEA) is pleased to inform you of the UKTI UK-Turkey Partnership for Opportunities in Iraq and Caspian Gas Forum, which are taking place at the Çırağan Kempinski Hotel in Istanbul during 3-5 July 2012. Tickets are available for either event or both events together, and UK-based delegates can receive 20% discount […]
This article was written by Ahmed Younis, Khalid Waleed and Mustafa Mohammed, and was originally published by the Institute for War and Peace Reporting, iwpr.net. 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. Residents of […]
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 Business News. […]
