The Telegraph reports that nine palaces inside a lakeside complex featuring moulded ceilings, a Saddam Hussein mural and a former prison cell are among the properties to be vacated by US troops at the end of this year. The US military has been headquartered in the complex near Baghdad International Airport since it reached Baghdad […]
By next year, car companies must open branches in Iraq if they want to sell cars in the country, the Trade Ministry announced on Sunday. Currently, cars are imported through agents in neighboring Gulf States. AKnews reports that these intermediate imports will be prohibited by the end of the year. With the new law, the […]
Iraq’s Trade Ministry has received 798,267 tons of wheat so far this year in different parts of Iraq, the Assistant Director General of the state-owned General Company for Trading of Crops, Jassem Mohammed Awad, told Aswat al-Iraq news agency on Sunday. Iraq’s wheat crop is very important, but it only produces about half of the […]
A conference against child labor began in Dohuk on Sunday. According to the report from Aknews, the event is hosted by an organization called Nubahar, an NGO that fights child labor. “The findings of the conference will be sent to related committees in the Kurdish parliament and to the Ministry of Labor and Social Affairs”, […]
Shares in Sterling Energy (AIM: SEY) lost nearly a third of their value on Monday morning following an update on the company's operations in Iraqi Kurdistan. The British company has a 53.33% working interest in the Sangaw North block. A flow test has been completed across the open hole section of the Sangaw North-1 well […]
Iraq’s State Oil Marketing Organisation (SOMO) has adjusted its official selling prices on Sunday for its Basra Light and Kirkuk crude grades for July. In common with some other countries, Iraq’s oil is priced relative to regional benchmark prices: For shipments to US, contracts are priced are relative to the Argus Sour Crude Index (ASCI); […]
Jordan's official news agency, Petra, reports that drilling will start at the Risha natural-gas deposit straddling the country’s border with Iraq by the end of the year. Citing Energy Minister Khalid Touqan, the agency says work will start at the first of two wells to be initially drilled at a depth of between 3 kilometers […]
Norwegian investor Berge Gerdt Larsen was booted out as chairman of DNO International on Thursday, in a boardroom coup led by majority shareholder RAK Petroleum. RAK chief executive, Bijan Mossavar-Rahmani (pictured), was voted in as new chairman at the Norwegian independent’s annual general meeting in Oslo, after the Middle East shareholder disclosed its plan to […]
Speaking to the Commission on Wartime Contracting, Undersecretary of State Patrick Kennedy (pictured) said that the State Department intends to spend approximately $3 billion hiring 5,100 private security contractors to serve in Iraq. The State Department has repeatedly discussed the creation of this force for after the withdrawal of U.S. military forces from Iraq, which […]
Under the title, “Rethinking Strategies for a Sustainable Future”, the national conference on the Marshlands was held in Basrah on 6 – 7 June, in order to build a national consensus on the basic principles that will guide future projects and activities in the Marshlands and raise awareness of the prospects for rehabilitating the area. […]
EgyptAir has announced that it will start operating direct flights to Baghdad and Erbil starting mid July 2011. This decision comes as one of the steps taken by EgyptAir to build new markets and to link Iraq with Europe and North America through Cairo Hub. “We will start operating 7 weekly flights to Iraq , […]
Foreign companies and governments account for about 23 percent of the investment in the Kurdish Region, according to a report from AKnews. The Kurdistan Investment Board said that $3.9 billion [4.6 trillion Iraqi dinars] of investments came from up to 20 countries in the past 5 years. With $17.4 billion [20.3 trillion Iraqi dinars] was […]
