Global accounting and audit firm Deloitte plans to open its first office in Iraq and is working on an add-on acquisition to grow its Middle Eastern presence, according to report from Reuters. Omar Fahoum, chairman and chief executive of Deloitte Middle East, told Reuters that the company will open a branch in Baghdad in the […]
Iraq’s Transport Minister has said that Iraq turned down a project to create rail links between Iraq and the Gulf states because it wanted to project Iraqi ports. He added that the border problem with Iran had hampered the clearing of sunken ships and materials in Shatt Al-Arab Waterway. “If the country is linked with […]
Iraq is hoping to buy 9% more gasoline during the first half of 2011 than it did during the first six months of this year, according to Bloomberg. The State Oil Marketing Organisation (SOMO) plans to purchase 880,000 metric tons of gasoline for delivery between Jan. 1 and June 30, according to tenders posted on […]
Dubai-based Bhatia Brothers is looking to re-enter the Iraq market as there are business opportunities galore, a top company executive said. "We are working on Iraq. Previously, we have done business with Iraq. There were a number of complexities that restricted business opportunities in Iraq in the past 10 years. Now, that businesses are being […]
WesternZagros Resources Ltd. (TSX VENTURE:WZR) has announced that it has successfully concluded the first cased hole test of the Lower Oligocene formation in the Kurdamir-1 exploration well. The tested zone was between 2,365 metres and 2,415 metres. The test achieved a maximum flow rate, after acidization, of 18.3 million cubic feet per day of gas […]
The USAID-Tijara “Putting the Poor First” microfinance symposium, a program supported by the U.S. Government, will be held November 28-30 in Erbil. The Inclusive Financial Services Stakeholders’ Conference will bring together leaders from the 12 microfinance institutions (MFIs) that provide financial services throughout Iraq. The forum will attract Iraqi policy makers, donors, banks, small business […]
The Syrian-Iraqi Business Council was launched on Saturday with the aim of supporting and enhancing the economic relations and increasing the volume of trade and investment between the two countries. SANA also reports that the Council also aims to introduce businessmen and investors to the economic and investment opportunities available in Syria and Iraq, in […]
The Anbar Investment Commission said on Tuesday said that it plans to provide internet services to its citizens at affordable prices. Arkan Khalaf al-Tarmouz, the chairman of the committee, told AKnews that the investment project will provide a high-speed internet service at a cost of $70 per month [82,000 Iraqi dinars], eventually falling to 10,000 […]
Leading emerging markets insurance provider launches dedicated travel insurance website for Iraq Intrepid adventurers and culture vultures can now add Iraq to list of ‘must visit’ destinations Easy on-line access to tourist insurance [Picture: Ishtar Gate, Babylon, built circa 575 B.C.] AAIB Insurance Brokers, the leading international insurance broker for Iraq, has launched the first […]
Iraq Business News has received information late on Sunday that between 30 and 34 politicians have defected from Iyad Allawi's Iraqiya bloc, and will support Nouri al-Maliki's bid to form the next Iraqi government. Although these rumours are still unconfirmed, they are from a source trusted by Iraq Business News. The details are understood to […]
Bijeel-1 Discovery Well Update Gulf Keystone notes the announcement made today by MOL Hungarian Oil & Gas Plc regarding the successful end of testing of the Bijeel-1 discovery well, in which Gulf Keystone holds a 20% Working Interest. Highlights: The cased hole test, performed at a depth of 3,804 - 3,967 meters in the Jurassic […]
MOL Hungarian Oil and Gas Plc. has informed the markets that it has finished the testing of the first well, Bijell-1 in Akri-Bijeel Block in the Kurdistan Region of Iraq. The cased hole test performed in the depth of 3,804 – 3,967 m from Jurassic formations produced 2,700 bbl/d 12-13 °API oil through 40/64” choke. […]
