Cementing its position as the leading provider of total, intelligent water management solutions in emerging markets, Metito announces its latest project in Iraq worth more than $9m. "Iraq is striving to improve infrastructure across the whole country which will create interesting opportunities for the water sector", insisted Mustafa Hasan, General Manager of Metito Jordan, Iraq […]
A leading British trade association last week visited the Kurdistan Region for the 10th time, helping to cement Kurdistan’s commercial ties with the UK. The 26-strong Middle East Association (MEA) trade mission met universities, government ministers and officials, and business organisations. Mr David Lloyd, the mission leader and Senior Consultant to the MEA, said, “This […]
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. […]
The U.S. Embassy wishes to inform U.S. citizens living and working in Iraq that the Government of Iraq will host the Arab League Summit in Baghdad March 27-29, 2012. During this period, the Government of Iraq may take extraordinary security precautions which could have a significant impact on travel throughout Baghdad. The Embassy recommends that […]
Shares in Heritage Oil have fallen more than 10% in the past two days following its announcement that drilling at Miran West-3 in Iraqi Kurdistan in taking longer than expected. The company owns 75% of the block, with Genel Energy owning 25%. Shares in Genel have shed 14% since Friday's close. CEO Tony Hayward commented: […]
Tutor Perini Corporation (NYSE: TPC), a leading civil and building construction company, has announced that its subsidiary, Perini Management Services, Inc. (PMSI), has been awarded a task order valued at $55 million by the U.S. Army Corps of Engineers (USACE) Middle East District. The task order was competitively bid under the multi-year USACE MATOC program […]
FDC, one of the largest Value Added Distributors (VADs) of IT products in the Middle East, has officially opened its first service center in Iraq. The launch of such a service center in Iraq has been much anticipated. Customers can now invest in their IT components and laptops with the peace of mind that the […]
Normally thousands of Iranian tourists arrive in Karbala daily. But as Western sanctions on Iran hit, pilgrims are staying at home. And the ones that do come are not shopping. Karbala’s merchants say they’re facing financial ruin, according to this article from NIQASH. Any opinions expressed are those of the author, and do not necessarily […]
By Chris Bowers, British Consul General in Erbil. This article was originally published by Rudaw, and is re-published with permission by Iraq Business News. Can any government reach its full potential without using its entire people? Of course not. That is why the UK worldwide considers the role of women to be so important. A […]
Iraq's central bank has reportedly placed private bank Warka Bank under guardianship to supervise it through insolvency. Warka Bank had been in talks with Standard Chartered Plc to sell a stake last year, but they were not successful. According to the report from Reuters, Mudher Kasim, deputy governor of the central Bank of Iraq, said: […]
Louis Besland, Partner at A.T. Kearney, a global management consulting firm recently participated in an interview with the World Refining Association (WRA) to discuss the current challenges and future opportunities faced by the refining industry. The oil and gas downstream industry in the Gulf has a bright future. Currently though, with the exception of Oman […]
Aswat al-Iraq reports that the Iraqi Maritime Company has signed a Memorandum of Understanding (MoU) with the Norwegian company Golden Ocean to build vessels for the Ministry of Transportation. The company discussed the possibilities of building ships for Iraq either through cash or on a deferred payment basis. According to the report, he Norwegian company […]
