Iraq in 2014 ...
By Padraig O'Hannelly. As we start another year, the focus of media attention has been, understandably, on Iraq's increasingly difficult security situation. But as always, there is more to the story. For example, professional services firm PwC has said its Iraqi business has grown by 30 percent over the past year; the government has just […]
K&M Tipped to Build Pipeline
According to Iraq Oil Report, the Ukrainian firm K&M Ltd. is tipped to win a $230-million contract to replace one of the two pipelines of the Iraq-Turkey Pipeline (ITP). If the firm has been selected by the North Oil Company (NOC) as its preferred contractor, the decision would still need the endorsement of the Oil […]
Iraq May Use Azerspace Services
The Iraqi State Minister for Provinces' Affairs, Torurhan Mudhir Hassan al-Mufti, has reportedly said that Iraq is interested in using the services of Azerbaijan's Azerspace satellite. APA quotes the Minister as saying: “Our country is ... interested in Azerbaijan’s ICT projects. For example, Iraq is developing [a] project [to launch a] national satellite. However, this […]
Iran to Share Drilling Expertise with Iraq
The deputy head of the National Iranian Drilling Company (NIDC), Mohammad Reza Takayedi, has said that an agreement has been signed under which Iranian drilling engineers will train Iraqi technicians. Tayakedi also said that the NIDC is seeking to operate drilling projects on an engineering, procurement and drilling (EPD) basis. The NIDC operates over 70 drilling […]
Three Indicted for $23m Dinar Fraud
A federal grand indicted three men from the Toledo area for their roles in the operation of a $23 million fraud scheme involving the sale of Iraqi dinar currency and two non-existent hedge funds, said Steven M. Dettelbach, United States Attorney for the Northern District of Ohio, and Kathy Enstrom, Special Agent in Charge, IRS-Criminal […]
PwC's Iraq Business Up 30%
Professional services firm PwC has said its Iraqi business has grown by 30 percent over the past year. Ismail Maraqa, a PwC senior partner overseeing Iraq operations, told the Financial Times: “If you look at the region, Iraq is one of the few promising emerging markets out there ... The business opportunities are huge. They […]
Iraq Fails to Attract Domestic Capital
By Ayser Jabbar for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Iraq is not attracting domestic capital belonging to its citizens. Inadequate economic and investment policies in addition to widespread corruption have contributed to a new migration of Iraqi capital. This time, capital […]
Al Qaeda "Plans to Annex One-Third of Iraq"
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. Dangerous Times Ahead: al Qaeda Plans to Annex One-Third of Iraq The Sunni Muslim extremist group, Islamic State of Iraq and Syria, has made it clear that it wants […]
Video: Iraq Arrests - a Crackdown on Opponents?
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. As Iraq detains a key Sunni leader, we ask if it is a fight against "terrorism" or a move to suppress the opposition. To discuss this, Inside Story presenter Laura Kyle is joined […]
Army Fights for Control of Anbar
By Mushreq Abbas for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. On Dec. 23, Iraqi Prime Minister Nouri al-Maliki announced the launch of a military operation against al-Qaeda near the Syrian border. The operation was dubbed “Avenging the Leader Mohammad.” Many in Iraq […]
Tomato Farmers v. Iraq’s Biggest Airport
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. Clash in the Desert: Karbala’s Tomato Farmers Versus Iraq’s Biggest Airport. The authorities in the religious boom town of Karbala plan to build the country’s biggest airport on the […]
Iraq Looks to Expand Trade with Iran
By Ayser Jabbar for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. The year 2013 registered high levels of commercial exchange between Iraq and Iran, which reached — according to both Iraqi and Iranian officials — more than $12 billion. This comes at a […]