Women’s Movement Faces Setbacks
By Ali Mamouri for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. When well-known feminist activist Mona Eltahawy put forth her theory that women are hated and detested in the Middle East, she faced objections from both men and women in various Arab countries. Yet, when […]
Report Denounces Human Rights Situation in Iraq
UNPO’s UPR Reports Denounce Human Rights Situation in Iraq and Iran On the occasion of the 20th Session of the United Nations Universal Periodic Review, UNPO has submitted two reports denouncing the human rights situation in the Republic of Iraq and the Islamic Republic of Iran. Despite their international responsibilities, these States have failed to […]
Does 'Mental Accounting' Matter?
By Mark DeWeaver. ISX observers sometimes blame share price declines on people selling their recently listed bonus or rights issue shares. Such behavior would be interesting to document because it seems to imply a departure from perfect rationality. From the point of view of conventional finance theory, there just isn’t any reason to differentiate between […]
Weekly Security Update 11 - 17 Mar 2014
By Constellis Consulting www.constellis-consulting.com Amid continued violence in Iraq’s central and northern governorates, the proximity of the parliamentary elections triggered a series of political manoeuvres aimed at mobilising the country’s disaffected electorate. In a bid to undermine Prime Minister Nouri Al-Maliki, Parliament Speaker Osama Al-Nujaifi re-oriented political debates towards the Anbar crisis, criticising the lack of government […]
Kentz-Foster Wheeler Venture Wins Shell Contracts
By John Lee. Foster Wheeler Kentz Energy Services DMCC, the Dubai-based joint venture company of Foster Wheeler and Kentz, announced today that it has been awarded framework contracts by Shell Iraq Petroleum Development B.V. ("Shell"), for the provision of engineering, procurement and related services for the Majnoon Oil Field Commercial Production Project in Iraq. Shell […]
Delegates From 40 Nations Attend Terror Summit
By Omar al-Jaffal for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. The Iraqi government held a conference on combating international terrorism on March 12-13 in Baghdad, in which it suspended its official work on the opening day of the conference. Although the official reason for the […]
Iraq-Kuwait Flights To Resume
By John Lee. Direct flights between Kuwait and Iraq have resumed after 2 decades, Mawtani reports. After initially starting at 2 flights a week, the eventual aim is to have daily flights, according to Iraqi Airways company director Capt. Saad al-Khafajy. Al-Khafajy was optimistic about flying more passengers between the two countries on Iraq's national carrier, noting […]
Budget Reading Goes Ahead Amid Boycott
The following article was published by Reidar Visser, an historian of Iraq educated at the University of Oxford. It is reproduced here with the author’s permission. The opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. In a significant move, the Iraqi parliament has completed the first passage […]
DNO Announces New Wells at Tawke
By John Lee. DNO International has announced that two new high rate horizontal wells are now pumping oil at the Tawke filed in the Kurdish region. The combined rate of production of both wells is 37,000 bpd. By the year's end DNO expect to have 9 wells operational in the field, which they hold a […]
Excess Electricity in Iraq?
By John Lee. Iraq's Ministry of Electricity has announced that some power plants will be shut down due to a surplus of electricity generation, Azzaman reports. The plants will undergo maintenance before coming on line to meet summer demand. This may come as a surprise to some residents of major towns such as Baghdad or Basra, and […]
Iraq's Oil Exports Hit Record High
By John Lee. Surprising skeptics, the International Energy Agency has announced that Iraq's oil exports have hit 3.6 million bpd, a record 30 year high, The Wall Street Journal reports. Previously exports were falling due to export bottlenecks, bad weather and extensive work on infrastructure, while some northern areas such as Kirkuk were adversely affected by insecurity. […]
Japan, UN Accelerate Economic Recovery in Iraq
JICA (Japan) and UNDP Partnership Reinforcement Agreement to Accelerate Economic Recovery in Iraq Japan International Cooperation Agency (JICA) and UNDP announced a reinforcement agreement to strengthen their partnership and accelerate the implementation of infrastructure and economic development projects in Iraq to improve the economic recovery and living condition of Iraqi people in key sectors such […]