Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
The following report was published on 26th September 2011 by the International Crisis Group. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. To download the full report, please click here. EXECUTIVE SUMMARY AND RECOMMENDATIONS After years of uncertainty, conflict and instability, the Iraqi state […]
Bloomberg reports that Iraq has made its first payment on a $3 billion program to buy 18 Lockheed Martin (LMT) F-16 fighter jets. Pentagon spokesman George Little commented: “A long-term strategic relationship with Iraq is important. We seek to find ways to enable the Iraqis to provide for their own security and to add to […]
An Iraqi-British economic forum is set to introduce British investors to business opportunities in the oil-rich province of Basra next month. According to head of the investment board in Basra, the forum is expected to attract some of the giant British energy companies including BP and Shell. Khalaf al-Badran, head of Basra Investment Commission told […]
A new World Bank report released today, Republic of Iraq Financial Sector Review, highlights that while reforms are ongoing in the financial sector, the country needs to push further to ensure that a system still characterized by state-domination and lack of transparency reaches its full potential. The report stresses the critical importance of the financial […]
The Kurdistan Regional Government is for the seventh year running attending the annual conferences of the three main British political parties. This week Bayan Sami Abdul Rahman, the Kurdistan Regional Government's (KRG) Representative to the UK, attended the Liberal Democrats party conference in Birmingham. The Liberal Democrats have been in government for over a year […]
In recent years, Iraq has undergone profound economic and social transformations. A new middle class is now emerging. In this article from Niqash, An Iraqi economist discusses how helpful that group is, in changing Iraq for the better. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq […]
Last week Erbil hosted for the fourth time the Project Iraq construction trade exhibition, together with the Elenex Iraq energy and electricity show. This year's construction fair was the largest so far, attracting exhibitors from 20 countries and thousands of visitors. Project Iraq 2011, the 4th International Trade Exhibition for Construction & Environmental Technology for […]
The Chairman of the Development Committee of Basra Council announced on Friday that he had completed a 1.58 trillion Iraqi dinar [$1.3 billion] plan for the province. Mustapha Attiya told Aswat al-Iraq that the figure “covers the allocations granted for Basra Province, including the Region’s development budget, as well as the revenues of the petrodollar […]
The Iraqi parliament took back control over the parliamentary Commission of Integrity from the Council of Ministers on Saturday. The majority of the members of parliament voted for the new committee law, despite strong opposition form the State of Law Coalition of Prime Minister Nouri al-Maliki. "The parliament can now assign the new head of […]
In order to meet the specific insurance requirements of oil rig drilling contractors operating in Iraq, Marsh and Anglo Arab Insurance Brokers (AAIB), Iraq Insurance today announced the launch of a new Iraq Land Rig Facility. The facility provides cover for physical loss of or physical damage to drilling rigs and associated equipment, machinery breakdown and […]
By Gavin Jones, Director of Iraq Business News, and Partner at consultancy firm Upper Quartile. This article was originally published on the Emerging Economics blog. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. We are seeing an unprecedented level of interest in Iraq from […]
The Chairman of the Baghdad Investment Commission, Shaker A. Shabib, spoke recently with Padraig O'Hannelly for Iraq Business News, and outlined the opportunities available in Iraq's capital: Iraq Business News: I'd like to ask you firstly about the opportunities that are available in Baghdad; we hear a lot about the oil producing regions, but what […]
