Shwan Taha, chairman of Rabee Securities, talks about foreign-investment opportunities in the Iraqi Stock Exchange. Taha speaks on Bloomberg Television's "InBusiness with Margaret Brennan." (Source: Bloomberg)
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Iraq Invests $4m in Film Industry
As part of the celebrations for Baghdad being named as the capital of Arab culture for 2013, Iraq will invest 5 billion Iraqi dinars ($4.2 million) in its film industry, according to a report from Variety Arabia. Dr Shafiq Mahdi, the director general of the department of Cinema and Theatre, announced that the department has approved […]
Tags: cinema
Heritage Commences Drilling at Miran East-1
Heritage Oil has announced that it has commenced drilling the Miran East-1 exploration well in the Kurdistan Region of Iraq. Highlights The Miran East-1 exploration well has commenced drilling with a second rig on the Miran Block in Kurdistan This is the first well to be drilled on the large, highly prospective Miran East structure, […]
US Dept of State Engaging US Businesses on Iraq
The U.S. Department of State’s Office of Iraq Affairs has hosted a Doing Business in Iraq Workshop in Washington, D.C, where over 100 U.S. businesses interested in all sectors of the Iraqi economy registered. The workshop is part of a larger initiative that aims to engage, educate, and support U.S. businesses as well as provide […]
Tags: US Embassy
Iraq Approves Sale of Statoil Stake in West Qurna-2 to Lukoil
Platts reports that the Iraqi oil minister, Abdul Karim Luaibi [Elaibi], has approved the sale of Statoil's 18.75% stake in the giant West Qurna-2 oil field to the project operator, Russia's Lukoil. Meanwhile, Reuters reports that the Norwegian oil giant has confirmed that it is in talks to sell its stake to Lukoil. "Both Lukoil and […]
Italian Ambassadors Hope to Bolster Relations with Kurdistan
Italy's ambassador to Iraq and the director general for political and security affairs at the Italian Ministry of Foreign Affairs met President Masoud Barzani and government officials in a visit to the Kurdistan Region this week. Italy’s Ambassador to Iraq Gerardo Carante was joined by Ambassador Sandro De Berrnadrin in a visit that is part […]
Iraq Starts Exporting Oil from New Floating Facility
Reuters, citing two sources at the state-owned South Oil Company, reports that Iraq began loading oil from a long-awaited new floating Single Point Mooring (SPM) platform in the Gulf on Thursday. "We started the loading at 2:45 pm (1145 GMT). The loading process is normal. The situation of pipes and the SPM is stable, and […]
New Arabic-Language Website on Educational Opportunities in the US
The United States Embassy in Baghdad announces its new website in Arabic with information for Iraqis interested in studying in the United States. “Study in the USA” provides Iraqi students, teachers, and parents accurate information about U.S. universities and colleges, including information on how to find suitable universities, the application process, and scholarships available for […]
Tags: US Embassy
Iraq: Don't Mess it Up
Iraq is making progress. It is now pumping out 3 million barrels of oil per day for the first time since 1979, it is about to host the Arab League Summit, and its plan to build 2 million new homes is moving ahead. So why have shares in Iraq-focused oil shares taken a bashing this […]
The New Iraq – Discovering Business 2013
The 2013 edition of the definitive guide on doing business in Iraq, The New Iraq – Discovering Business, is underway. Produced by allurentis and in association with the National Investment Commission of Iraq and UK Trade and Investment, it provides a comprehensive framework on conducting business in Iraq and is an invaluable reference source for […]
Tags: Allurentis, National Investment Commission, NIC, The New Iraq – Discovering Business 2013, UK Trade and Investment, UKTI
USAID Success in Helping Iraqi Agribusiness
By Bob Nottelmann, crop production specialist with California Pacific Plant Exports (Cal Pacific) and Ekland Marketing of California (Emco). My colleague, Roy Ekland and I worked as short term technical advisers for the USAID Agribusiness project (Inma) in Iraq. As a result of our work and Inma's support, commercial strawberry production is now a lucrative […]
Iraq Oil Output Over 3m bpd for First Time in Decades
Iraq's oil production has risen above 3 million barrels per day for the first time in more than three decades, according to Reuters. "While I am talking to you today, the Iraqi oil production has exceeded 3 million barrels per day," Deputy Prime Minister Hussain Al Shahristani told a conference in Baghdad on Tuesday. "Loading […]