Budget Problems go Beyond Erbil-Baghdad Crisis
By Harith Hasan for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. The Iraqi parliament still has not been able to approve the draft general budget for 2014, prompting Prime Minister Nouri al-Maliki to warn of the possibility of a major financial crisis and […]
Constellis Launches New Auto Parts Distributorship
Constellis Services has launched its new auto parts distributorship in Erbil, becoming the exclusive distributor for Global Autoparts and Ironman 4x4 in Iraq. At the Erbil Autoshow, 6-9 March 2014, Constellis Services will be showcasing some of the vast array of premium products now on offer. From gaskets and air filters to premium suspension solutions, […]
Koreans win $1.7bn Power Contracts
By John Lee. Reuters reports that Iraq has approved $1.7 billion in contracts with Korean companies Samsung Engineering and Hyundai Heavy Industries to build two engineering projects: Samsung won a $894.5 million contract to handle engineering, procurement and construction work on a degassing station in the Zubair oilfield; Hyundai won a $818 million contract to […]
Iraq-Iran Talks on Borders, Shatt al-Arab
Foreign Minister Hoshyar Zebari held talks in Tehran last week with the Minister of Foreign Affairs of the Islamic Republic of Iran, Mohammad Javad Zarif, on the issue of the Shatt al- Arab, land borders and border rivers. The talks were held in a friendly and constructive atmosphere with a common desire to address the […]
BBK Bank Considers Kurdistan
By John Lee. The Bank of Bahrain and Kuwait (BBK) has announced plans to open a branch in Kurdistan this year. Abdul-Karim Bujeery, CEO of the bank, said: "The expansion in Kurdistan Region will be the next step to the bank , if the study of market [leads] to positive results." The bank hsa appointed […]
First Secondary School for Syrian Refugees
UNESCO and IRC open the First Secondary School for Syrian Refugees in Domiz Camp In another major initiative to respond to the Syrian refugees' crisis in Iraq and to help provide decent learning opportunities for the thousands of young people in the camps, UNESCO and the International Rescue Committee (IRC) held today a ceremony to […]
Weekly Security Update 25 Feb - 03 Mar 2014
By Constellis Consulting www.constellis-consulting.com Amid levels of violence in line with previous weekly averages, movements in the political sphere highlighted the different electoral strategies being followed by the government ahead of the parliamentary elections. On 25 February, Prime Minister Nouri al-Maliki stated the importance of maintaining the elections in April, confirming that the current timeframe […]
Total Considers "World-Scale" Petrochemical Plant
By John Lee. French oil giant Total is reported to be considering building a "world-scale" petrochemical complex in Iraq. AFP reports that Patrick Pouyanne, the head of Total's refining and chemicals division, said he signed a preliminary accord with Iraq's industry ministry in November to examine the feasibility of the complex in Basra. "They are […]
US Firms Line Up for Kurdistan
By Judit Neurink. This article was originally published by Rudaw, and is re-published by Iraq Business News with their kind permission. American Firms Line Up for Kurdistan, as Erbil Mulls US Ties Roll in the American brands! A US delegation for franchise businesses will be visiting the Kurdistan Region of Iraq soon, to see if […]
Baghdad's "Financial Blockade"
This article was originally published by Niqash. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Baghdad's Financial Blockade: Iraqi Kurdistan Talks Independence While Locals Strike Conflict between Baghdad and Iraqi Kurdistan over oil exports has resulted in something of a financial crisis in the northern region. […]
Barzani welcomes Standard Chartered to Kurdistan
Kurdistan Regional Government (KRG) Prime Minister Nechirvan Barzani welcomed the British international bank Standard Chartered to Kurdistan on Monday at the inauguration ceremony of its Erbil branch. Mr. Barzani outlined the need for an improved banking sector in Kurdistan. He said, “I believe the time has come for us to seriously examine international financial practices […]
Generation Global - Empowering Young Learners
By Madeleine White, capacity building and communications specialist. Generation Global - empowering young learners to become adult nation builders It’s that time of year again. GESS, and the Global Educational Forum are starting tomorrow in Dubai. Leaders from the world of education, government, private sector and technology will be sharing perspectives and getting insight into some […]