New York's Center for Architecture is hosting an exhibition entitled: City of Mirages: Baghdad, 1952-1982 The history of modern architecture in Baghdad has been relatively underexplored and is still not well known. Though specialists in Iraq, and in exile throughout the world, have already undertaken detailed analyses of the topic, many of these studies have […]
Iraq's Ministry for Industry and Minerals has created a new department specialising in nanotechnology, according to Aswat al-Iraq. This department will provide information and ideas to all researchers inside the country and abroad, and will be affiliated with the Industrial Research Directorate. The Directorate has 8 research centers in a variety of industrial fields, including […]
The Kurdistan Regional Government (KRG) has taken delivery of five helicopters to help control traffic, says Aswat al-Iraq. We bought helicopters to develop the traffic system in the region and to use the modern technology to tackle the all traffic problems, The Kurdistan Region has seen a steady increase in the number of victims of […]
ExxonMobil has finally broken its silence regarding its plans to explore for oil in Iraqi Kurdistan. In the company's 10k statement filed on Friday, it says: "During 2011, production sharing contracts were negotiated with the regional government of Kurdistan ... Exploration and production activities in the Kurdistan region of Iraq are governed by production-sharing contracts […]
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. […]
After months of wrangling, the Iraqi House of Representatives has finally approved the $100.5 billion budget for 2012, according to AKnews. The budget is based on an average oil price of $85 per barrel and 2.6m barrels per day in crude oil exports, up from last year's budget of $82.6b, which was based on an […]
Iraq's crude oil exports to Jordan have dropped from 10,000 barrels per day to 6,000 bpd, reports Aknews. An agreement from 2008 specifies exports of 10,000 bpd, while an August 2011 agreement to increase to 15,000 bpd was described as not feasible "due to technical and administrative issues". Sixty percent of Iraq's oil exports go […]
The Nabucco consortium considers Northern Iraqi gas as an option to secure future gas supply to Europe, Dow Jones Newswires reported on Wednesday "Why shouldn't we pipe gas from Northern Iraq," Nabucco spokesman, Christian Dolezal is quoted as saying. "We should explore that as an option to secure future gas supply for Europe." But he […]
Iraq's National Investment Commission (NIC) re-announced on Thursday the details of the new Kerbala Monorail, and invited interested parties to contact them: Length of the line (18 KM) Project Type (Monorail) - High Concrete mono rail of two ways known locally as Kerbala Monorail. Number of stations (20) the distance between each station and another […]
The Government of the United States and the Government of Iraq strongly support the preservation and expression of Iraq’s rich heritage, the establishment of a strong Iraqi education system at all levels, and the continuation of robust educational, cultural, and professional exchanges between our nations. The U.S.-Iraq Joint Coordinating Committee on Cultural and Educational Cooperation […]
Iraq has deployed several Multimedia Exchange Network over Satellite (MENOS™) TV interactive terminals from leading satellite communications company Newtec. The terminals will operate within the Arab States Broadcasting Union (ASBU) exchange network. By deploying the technology, broadcasters within Iraq will now have access to their own IP-based and fully automated secure Virtual Network (VN) for […]
The Iraqi Middle East Investment Bank (IMEIB) has achieved a net profit of Iraqi dinar IQD21.6 billion ($18 million) in 2011, according to a report from Arab News. As at the end of 2011, the total cash in hand and at bank was IQD369.7 billion, compared to IQD 343.9 billion in 2010. The monetary credit […]
