Iraqi Deputy Prime Minister Hussain al-Shahristani talks about the outlook for the country's oil production and the Organization of Petroleum Exporting Countries' (OPEC) quotas. He speaks with Bloomberg's Lara Setrakian. (Source: Bloomberg)
Kuwait’s Zain is considering several tender offers to manage its telecoms network in Iraq and will likely award the contract in the next few weeks, a company spokesman has said. According to Reuters, Zain refused to name bidders for the managed service agreement, but said there were at least three, with international players such as […]
As Prime Minister Nouri al-Maliki's 100-day deadline passed this week, no ministerial heads have rolled; the delicate power balance in cabinet would not have allowed it. While it's true that any dismissals from cabinet should take account of the scale of Iraq's challenges, and the fact that it would have taken much longer than 100 […]
The Province of Karbala is negotiating with Hyundai Motors regarding the construction of mobile electricity plants to serve areas suffering most from blackouts, according to a report from Azzaman. Governor Amaludeen al-Hir said the two sides were discussing building several generators powered by fuel oil, that can withstand the country’s tough weather conditions, particularly the […]
Austrian Airlines resumed flights to Baghdad for the first time in 21 years today (Wednesday), with the launch of its Vienna to Baghdad route. The Austrian carrier is the first western European airline to fly to the Iraqi capital of Baghdad, its second destination in Iraq after Erbil. Austrian Airlines originally introduced a Vienna-Baghdad route […]
Iraq's Ministry of Finance and Central Bank announced on Tuesday that Iraq will provide Islamic banking services in major banks owned by the state, under a plan worth $42 million which will be implemented this month. The Finance Ministry said on its website that Islamic transactions will be facilitated in the Rafidain and Al-Rasheed banks […]
By Layth Mahdi, Agricultural Advisor. The opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Agricultural development plays a key role in achieving human well-being, maintains food security, reduces poverty and mitigates violence. In addition, it contributes to the protection of natural resources, environmental stability and […]
Iraq's Ministry of Agriculture has reportedly contracted with a US company to supply modern irrigation technology and greenhouses. IPA reports that the company involved is Valmont Industries, which is based in Omaha, Nebraska. The general manager of the company, David Forshaw said, "The introduction of this technology is considered a real revolution. It will address […]
The following article was published on Tuesday 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. The opinions expressed are those of the author, and do not necessarily reflect the views of Iraq […]
On 6 June, the European Union and Government of Iraq launched a major programme to improve the future of young Iraqis. The programme will be implemented though the British Council, the United Kingdom’s international cultural and educational agency. It will: Improve education standards in 1,700 schools through improved teacher training. This will benefit 800,000 pupils […]
Iraq’s oil production has risen to 2.63 million barrels a day, up by 15 percent from the same period last year, according to Bloomberg. Crude exports averaged 2.18 million barrels a day in the first five months of 2011 and are expected to increase in the second half of the year, Hussain al-Shahristani, deputy prime […]
Iraqi prime minister Nouri al-Maliki has backed down from a threat to fire poorly-performing cabinet ministers, a move which potentially opens the door to renewed popular protests in the country this summer, according to Al Jazeera. On February 27, Maliki gave his cabinet a 100-day deadline to improve basic services after a string of anti-government […]
