Aberdeen City Council has announced a new initiative to encourage North-east companies to explore business opportunities in Iraq. Upper Quartile, an Edinburgh-based economic development consultancy, will manage the programme, which will target the oil and gas sector, academic institutions and other contractors. Seminars will be held over the coming months to inform firms of the […]
Mobile telecom operator Asiacell has streamlined its business processes to improve services to its 8 million subscribers across Iraq with a business service management solution from HP. HP Business Service Management software gives Asiacell’s IT team full visibility of the company’s IT infrastructure, applications and services as a single integrated platform that can be tracked, […]
The Kurdistan Regional Government’s Head of Foreign Relations Minister Falah Mustafa Bakir today welcomed to Erbil his counterpart from the Veneto Region of Italy. Minister Bakir and the KRG’s Representative to Italy Ms Rezan Kadir together met Dr Diego Vecchiato, the Director of the Department of International Relations of the Veneto Regional Government. On his […]
Bloomberg reports that Iraq has cancelled a tender for 50,000 metric tons of wheat. and is now inviting bids to buy 30,000 tons of rice from South America. Amer Abdel Aziz, spokesman for the country’s Grain Board, did not give a reason for the cancellation of the wheat tender when he spoke by phone to […]
Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 15th September 2011). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at ID1,641 / $1,820, -1.1% (weekly change). The number of weekly traded shares was 2.9bn and the weekly trading volume was […]
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. […]
Minister Ali al-Dabbagh, Iraqi Government Spokesman, was interviewed by Padraig O'Hannelly for Iraq Business News at last week's Iraq Mining 2011 conference in London. The first part of the interview can be found here. In this second part of the interview, Dr al-Dabbagh discusses the Hydrocarbon Law, the valuation of the Iraqi dinar, foreign investment […]
Iraq is reported to be "very close" to signing a letter of intent to buy up to 36 Lockheed Martin F-16 jets, according to Bloomberg. Major General Russ Handy, a senior U.S. Air Force general in Iraq, told reporters at the Pentagon that Iraq would buy a first installment of 18 aircraft, with a potential […]
The Middle East Association, supported by the National Investment Commission of Iraq, UK Trade & Investment and Allurentis, is pleased to announce the 2011 Iraq Trade and Investment Conference, “Iraq: Untapped Opportunities”. This conference will take place at London’s Dorchester Hotel on 22nd November. The Deputy Prime Minister for Energy, Dr. Hussain al-Shahristani, will be […]
WesternZagros Resources has announced that Sproule International Limited ("Sproule") has completed an independent audit of the Company's resource assessment for the Jeribe/Upper Dhiban reservoir interval of the Sarqala-1 well. Sarqala-1 is located in the Company's Garmian Block in the Kurdistan Region of Iraq and was drilled on the crest of the Sarqala structure. Consequently, the […]
The contract for the giant Shell/Mitsubishi project to capture gas from Iraq's southern oilfields has taken a step closer to completion. Government Spokesman Dr Ali al-Dabbagh told Iraq Business News that Shell has agreed to the changes required by the oil ministry, and that the contract is now awaiting approval by Iraq's Cabinet. The project […]
If you're a regular reader of Iraq Business News, you'll know all about the huge opportunities in sectors such as oil and gas, mining, housing, and electricity. You'll also be aware of the sorts of challenges facing the country. But if you could change just three things about Iraq, what would they be? What three […]
