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 […]
$4.7bn for Electricity Sector in 2014
By John Lee. The Iraqi government has allocated $4.7 billion to build power plants and finance existing electricity projects this year. Electricity ministry spokesperson Masaab Al-Mudarris told Zawya: "As part of its 2014 plan, the Ministry of Electricity requested a budget of $12 billion to complete existing projects and to sign new contracts to compensate for […]
Trade with Sri Lanka up 80%
By John Lee. Trade between Sri Lanka and Iraq has risen 80 percent to $90 million, according to a report from Lanka Business Today. Sri Lanka exported goods valued at $ 89.80 million to Iraq and imported goods valued at $ 0.19 million from Iraq during 2013. Tea was the major export item to Iraq […]
Iraq's Tallest Hotel Opens
The opening of Grand Millennium Sulaimani Hotel in Sulaimani, Iraq, took place on March 2nd, 2014. VIPs, guests and media across the country witnessed the grand opening of what is to become the benchmark of hospitality in Kurdistan and Iraq, and an architectural landmark for Sulaimani. Grand Millennium Sulaimani is today the tallest hotel in […]
KRG Ministerial Visit to Portugal
The Head of the KRG Department of Foreign Relations, Minister Falah Mustafa, led the KRG's first ministerial delegation to Portugal, meeting with a number of key officials from the Portuguese Ministry of Foreign Affairs and Parliament and inaugurating the Business Association of Portugal - Kurdistan / Iraq. The KRG Representative to Spain, Mr. Daban Shadala, […]
Baghdad's 700 Unfinished Reconstruction Projects
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. Open Sewers, Unpaved Roads: Baghdad Boasts 700 Unfinished Reconstruction Projects Local authorities admit there are hundreds of unfinished construction projects in Baghdad. And nobody knows who to blame. The contractors say […]
Iraq Stock Market Report
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 27th February 2014). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at ID1,819 (-3.6%)/ $1,932 (-3.6%) (weekly change). The number of week traded shares was 21.2bn and the weekly trading […]