AKnews reports that trade between the United Arab Emirates (UAE) and Iraq trade was worth $6.5 billion USD (7,500 billion IQD), up from $5 billion USD (6,000 billion IQD) in 2009 according to Iraqi Government figures. The two countries hope to continue this trend and increase trade to $7 billion USD (8,000 billion IQD) at […]
The Oil and Energy committee of Iraq's Council of Representatives announced on Sunday that there are 10 oil fields stradling the Iraqi-Kuwaiti border that are waiting to be demarcated, according to AKnews. Committee member Furat al-Sharei told the agency that the oil will be extracted from these fields after finding joint mechanisms between the countries. […]
Bloomberg presents a news article on investment in Iraq: (Source: Bloomberg)
Iraq's oil exports averaged 2.135 million barrels per day in November compared with 2.088 million bpd in October, according to Falah Alamri, head of the State Oil Marketing Organisation (Somo). Iraq exported 1.712 million bpd from the southern oil hub of Basra and 423,000 bpd from the northern oilfields around Kirkuk, including 10,000 bpd shipped […]
Construction has started on Best Western’s first two hotels in Iraq which will operate under the Best Western Premier brand in Erbil, the capital of Iraqi Kurdistan, reports Hotelier Middle East. The 82-room Best Western Premier Erbil Airport will be the first to open in 2013, located near to the recently-opened Erbil International Airport. This […]
A new $11 million USD (13 billion IQD) conference hall was opened last week in Duhok city, according to AKnews. Bayar Ramzi, director for Cultural Center of Duhok University, told the agency that the design of the conference center was selected by the president of Duhok University for its modern lines. The conference center, intended […]
GE Healthcare, the healthcare business of GE (NYSE: GE), showcased its range of advanced healthcare technologies that will enable Iraq to develop a modern healthcare infrastructure, at the 38th Baghdad International Trade Fair held recently. GE Healthcare participated in the exhibition themed ‘Construction New Investment in the New Iraq’ as part of the USA Pavilion. […]
The deputy chairman of Wassit provincial council, Mehdi al-Mussawi, told Aswat al-Iraq that it has signed a memorandum of understanding (MOU) with an Iranian company to build a 500-megawatt power station on a deferred payment basis, in addition to a 400-bed hospital and 5000 flats housing complex. The MOU, which the approval of the electricity […]
Washington supports Baghdad's position regarding ExxonMobil's oil contracts with the Kurdistan Regional Government, according to reports from AKnews. Mahmoud Othman, a Representative from the Kurdish Blocs Coalition in the Iraqi Council of Representatives, told AKnews the measures the Iraqi government has taken towards Exxon are political and not economic. He said Baghdad believes this company […]
The industrialized world continues to struggle through a prolonged economic crisis. An Iraqi commentator in Berlin considers the impact of this on Iraq and how the country might avoid negative effects of a global recession. in this article from Niqash. Any opinions expressed are those of the author, and do not necessarily reflect the views […]
The reports by the Transparency International over the corruption in Iraq are not "precise", an advisor to the Iraqi government said on Friday, according to AKnews. The annual survey by the Berlin-based organization listed Somalia, Myanmar, Afghanistan, and Iraq as perceived to be the most corrupt, with Denmark, New Zealand, Singapore, Finland, and Canada perceived […]
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. […]
