Korek, one of the fastest growing mobile operators in Iraq, has selected Ericsson to modernize and expand its network by a network expansion and service quality improvement project. The agreement will prepare the network for 3G and LTE and further develop Iraq's telecom infrastructure. Through the agreement, Ericsson will deploy and integrate new radio base […]
Students from various universities in Germany visited the Kurdistan Region recently as part of a fact finding mission. The visit by 14 students was organised by the Kurdistan Students Union in collaboration with Middle East Excursion (MEE), a project that aims to improve links between the Middle East and the international community, particularly with Germany. […]
12-Year Parts and Repair Exclusive Contract to Ensure Long-Term Reliability and Overall Performance of 18 GE Gas Turbines at Arbil, Sulaimaniyah and Dohuk Power Plants in Kurdistan Region. Reinforcing its commitment to support Iraq's expanding energy infrastructure, GE has signed a multi-million dollar, multi-year agreement with Mass Global Investment Company, an independent power producer in […]
Aiming to play their role in the transformation of Kurdistan into one of the most go-ahead regions of the Middle East, large numbers of students from the Kurdistan Region have been flocking to UK universities, backed by a scholarship programme. The University of Huddersfield has enrolled 30 Kurds – for courses that range from computer […]
Commencing on September 26, 2011, Iraq 2011: Future Energy is an industry summit strategically designed to provide stakeholders in the energy sector with a comprehensive understanding on how to develop a highly efficient and profitable industry with a focus on Iraq. Iraq’s oil and gas, power, electricity and infrastructure sectors have significant opportunities and financial […]
According to Kurdish Globe, as merger awaits final approval by the KRG, analyst believes that the move is ‘good sentiment for the region’. The UK-based Vallares PLC, listed in the London Stock Exchange and led by former BP Plc Chief Executive Officer Tony Hayward, announced on 7 September 2011, its plans to merge with the […]
The first of two new reports posted today on the IBN website puts the Iraq private banking sector under the spotlight. ‘Perspective on Iraqi private banks’ is researched and written by Ahmad Saleh and Tom Opdyke of IraqiXchange. The eight page report provides vital background data plus key stats on the sector. The second report […]
Last week we asked readers to submit their three main suggestions to improve Iraq, and thanks to all who contributed so far. It's noticeable that none of the suggestions included adding an additional layer of administration, which if recent reports are to be believed is a favourite solution of some of Iraq's politicians. The good […]
The Chairman of the Baghdad Investment Commission, Shaker A. Shabib, spoke recently with Padraig O'Hannelly for Iraq Business News, and outlined the opportunities available in Iraq's capital: Iraq Business News: I'd like to ask you firstly about the opportunities that are available in Baghdad; we hear a lot about the oil producing regions, but what […]
DNO International today [Wednesday] received a second payment of USD 60 million from the Kurdistan Regional Government in respect of oil exports from the Tawke field operated by the Company in northern Iraq. A first payment of USD 103.7 million was received in June 2011. The Company had previously reported temporary reductions in production from […]
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. […]
According to U.S Energy Information Administration data, Iraq generates the majority of its revenue by exporting oil and importing about 30% of the gasoline it uses. The country is now seeking $30 billion in foreign investment to build refineries and develop oil and gas fields to avoid importing gasoline and diesel. Iraq Mega Projects 2011 […]
