Iranian and Iraqi oil officials have reportedly reached an agreement to develop their joint oilfields in border areas, Press TV reported. "The two neighbouring states have signed an agreement for the development of joint oilfields," Mehr news agency reported on Sunday. The deal was inked during the first meeting of the two countries' joint executive […]
A 22-strong delegation representing 17 Northern Irish companies arrived in Erbil on Sunday on the first Invest Northern Ireland organised trade mission to Kurdistan. The companies, drawn from a broad range of local industries, will be meeting potential customers and community leaders in Kurdistan’s key business centre of Erbil during the week-long mission. The trade […]
Greek charter carrier Viking Hellas has teamed up with a consortium of German and Iraqi investors to launch a new joint venture in Iraq called Viking Middle East. Viking Hellas already operates a number of services between its Athens base and destinations in Iraq, and according to the report from Flight Global is planning to […]
Iraq has allocated $100m [117 billion Iraqi dinars] for the purchase of nine ships, said a source at the state-run Maritime Transport Company. According to Azzaman, the source said the ships will be mainly used for the import of foodstuffs to the country. The ships will have a capacity of 15,000 to 20,000 tons each, […]
By Ranj Alaaldin, a Middle East political and security risk analyst based at the London School of Economics and Political Science. He visits the Middle East regularly and as part of his recent work on Iraq has visited the country on a number of fact-finding missions. Foreign Policy magazine recently listed him among its 100 […]
The deputy Iraqi defense minister said Iraq will purchase $13bn (15 trillion Iraqi dinars) of arms from the US between now and 2013. Speaking to AKnews on Friday, Mohammed Askari said the armaments include warplanes, tanks, armored vehicles, helicopters, naval ships and ammunition. The official said the contract is currently underway, with some deliveries already […]
Bloomberg reports that Fugro, the world’s largest surveyor of deepwater oil fields, is about to enter the Iraqi oil and gas business as the oil majors are stepping up their exploration and production in the country. “The security situation is improving,” Chief Executive Officer Klaas Wester said in an interview in Amsterdam on Friday. “We’re […]
The deputy Iraqi interior minister said the Iraqi Council of Ministers has agreed to recruit 200,000 policemen and interior ministry staff to increase security in Baghdad province. Hussein Kamal told AKnews that the new force will be deployed in Baghdad upon the ratification of the Iraqi general budget. The force will approximately double the number […]
Kurdistan Region’s minister of transportation and communication has said Thursday a number of businessmen are in serious talks to build an automobile manufacturing plant in the Region, according to a report from AKnews. Anwar Jabali [Anwar Jabali Sabo] (pictured) did not disclose the names of the people involved, however he stressed the Region has “promising” […]
The Chairman of Anbar Province’s Council has called on the Iraqi government on Saturday to invest in al-Risha oil field with, shared between Iraq and Jordan, and to lay down clear steps to exploit the field. “We call on the Iraqi government and the Oil Ministry to expoit al-Risha Oil Field on the Iraqi side […]
Bloomberg reports that U.S. prosecutors have filed a civil suit against Kuwaiti logistics company Agility, accusing it of defrauding the government over food contracts to the U.S. military in the Middle East worth $9.8 billion. Agility was the largest supplier to the U.S. Army in the Middle East during the war in Iraq and a […]
Iraq’s Ambassador to the UN Food & Agriculture Organization (FAO), Hassan al-Janaby, has stated in Rome on Saturday that the prices of foodstuffs were increasing and all reports are indicating that the world is facing a very embarrasing situation, threatening to unleash a major hunger wave, but he said Iraq was able to satisfy the […]
