Iraq's Planning and Development Cooperation Ministry announced plans on Tuesday to create 4 million jobs over the next four years. Unemployment rates in Iraq hit 15% in 2010 with some provinces up to 37%, according to statistics released by the ministry. AKnews reports that oil-rich Iraq also has 30% of its people living in poverty. […]
Iraqi Kurdistan has not yet started exporting crude oil, despite a reported agreement that exports would resume from 1st February, Iraqi oil ministry sources said on Tuesday. Two top oil ministry officials, speaking on condition of anonymity, told Platts that there had been no additional oil supplied from two producing fields in the Kurdish region […]
The director of economic relations in the Federal Trade ministry said on Monday that his ministry backed the World Trade Organization (WTO)’s decision to enter into a third round of negotiations over granting Iraq permanent membership. Hashem Hatem told AKnews that Iraq is working to a well-prepared plan to raise its status from observing member […]
A leading spokesman for the Iraqi Oil Ministry has said on Monday that the current tense situation in Egypt would not affect Iraq's oil exports, reiterating that the rise in oil prices would benefit Iraq, according to a report from Aswat al-Iraq. Assem Jihad said that "the Iraqi Oil Ministry is exporting oil from two […]
Dana Gas PJSC, the Middle East’s largest regional private sector natural gas company, has announced its preliminary financial results for the year ended 31st December 2010. Revenue from the sale of hydrocarbons increased to AED 1,785 million, with gross profit reaching AED 781 million. These figures represent increases of 40% and 79% respectively, compared to […]
The Grain Board of Iraq (Ministry of Trade) has announced a tender for the supply of 100,000 tonnes of grain. The deadline for bids is 10:00 am Baghdad time on 2nd February, and if the English version of the documents are correctly translated, interested parties must visit the Grain Board's offices in Baghdad. Please click […]
The Undersecretary of the Iraqi Trade Ministry has stated that a new mechanism has been adopted to address the crisis in the distribution of the ration card items, especially with regard to facilitating the contracting process between them and the importing companies. Walid al-Helo told AKnews that the Ministry will work to facilitate the process […]
By Lisa Knight, Creative Director & Founder of The Brand Foundation. National branding is a vital strategic activity undertaken by governments worldwide, in emerging and established nations, the impact of which goes far beyond tourism -- it has the power to dramatically alter the economic landscape and attract major foreign investment, dramatically impacting the […]
Gulf Keystone provided an update this morning on its active work program in Kurdistan. Sheikh Adi - 1 The Sheikh Adi-1 exploration well is currently at the 13.375 inch casing point at the bottom of the Cretaceous interval after side tracking around a section of the bottom hole assembly that had become stuck in the […]
Southern Iraq's Maaqal Terminal port in Basra Province has received 288 ships in 2010, more than it did in any year since 1980, a Transport Ministry statement said. "The reason for such large number of ships, that was received by Maaqal Terminal in 2010, is due to the projects built as part of the reconstruction […]
Gulf Keystone this morning announced the completion of an additional third party analysis of the gross oil in place resources resulting from the Shaikan-1 discovery well. The Company has previously reported gross oil in place resources, on a P90 to P10 basis, of 1.9 to 7.4 billion barrels with a mean value of 4.2 billion […]
FiberPro Group, a Dubai-based contracting company with operations in the UAE, Cyprus and Greece, has clinched a multi-billion deal for the construction of 30,000 houses in Iraq. According to the report from the Financial Mirror, the Cypriot owners of the company, its Managing Director Fotis Athanassiou, and businessman Demetris Takoushis of Larnaca, are currently in […]
