Video: 10Yrs on, Saddam Legacy Looms over Iraq
From AFP. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. A decade after Saddam Hussein's arrest, the now-executed Iraqi dictator's legacy of conflicts, sanctions and repression still exact a heavy toll on the country:
Weekly Security Update 05 - 12 Dec 2013
By Tom Walker, Director, Assaye Risk COUNTRY SECURITY OVERVIEW Iraqi’s have born the brunt of a particularly violent week in which the key cities of Mosul, Kirkuk and Baghdad have all come under attack from high impact bombings and coordinated well-planned combined arms assaults. In what is now nearing one of the most violent […]
Majnoon Exceeds 210,000 bpd
By John Lee. The Director of the Majnoon oilfield has told Aswat al-Iraq that production at the field has exceeded 210,000 bpd. Basim Tahir added that production may be increased to 220.000 bpd at the beginning of 2014, with gas supplying Rumaila power station. Shell owns 45 percent of the venture, with Petronas owning 30 percent, […]
NZ Meat Processor Exports to Iraq
By John Lee. New Zealand-based meat processor Alliance Group said it was developing meat export opportunities in Iraq. The cooperative has just completed its first full year of exporting directly to hotels, restaurants, and catering companies in Iraq, and its exports of Pure South brand lamb have increased by about 35 percent in the past […]
Housing Initiative Part of Election Strategy?
By Omar al-Jaffa for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. In Iraq, the early election media campaign has taken various forms. Notably, the government has started giving away residential land in return for votes. In an interview with Al-Monitor, writer and political […]
UN Welcomes Humanitarian Corridor
United Nations Envoy Welcomes Agreement on Humanitarian Corridor from Iraq to Syria The Government of Iraq and the United Nations in Iraq have reached agreement to facilitate the opening of a humanitarian corridor that will allow UN relief agencies (UNHCR, WFP, UNICEF) to resupply their warehouses in Eastern Syria with quantities of food and non-food […]
USAID Heads Visit Iraq
On December 4 U.S. Agency for International Development (USAID) Associate Administrator Mark Feierstein and Acting Assistant Administrator Alina Romanowski concluded a two-day visit to Iraq as part of a regional tour of USAID missions. In Baghdad, the Associate Administrator and Acting Assistant Administrator met with Prime Minister Maliki’s Chief of Staff, Dr. Hamid Ahmed, to […]
GKP Shares Up on Excalibur Statement
By John Lee. Gulf Keystone Petroleum (GKP) has issued a statement this morning confirming that Excalibur does not intend to appeal against the September court judgement, and has agreed to a payment of £17.5 million relating to costs. Shares in GKP were trading up 7 percent on Monday morning. The full text of the GKP […]
Turkey Proposes More Border Crossings
By John Lee. Turkey has offered to jointly build two more border crossings with Iraq, in addition to two new gates recently agreed upon, according to a report from Today's Zaman. The Turkish Customs and Trade Minister, Hayati Yazıcı (pictured), told the press in Ankara on Wednesday that the government favoured the construction of two […]
Hill International Wins $54m Basra Deal
By John Lee. Hill International has announced that it has received a contract from the Governorate of Basra in Iraq to provide program management services in connection with Basra's 2040 Strategic Plan, which involves rehabilitation of existing projects and the construction of new projects related to Basra's infrastructure throughout the region. The one-year contract which […]
Iraq Stock Market Report
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 5th December 2013). Note: ISX will be closed during December 27, 2013 - January 6, 2014 due to the end-of-year closing operations. The last session of this year will be on Thursday, December 26, 2013 and trading will resume on Tuesday, January 7, […]
Iran Wary of Iraqi Oil Export Plans
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’s aspirations to increase its oil exports to close to 7 million barrels per day by 2017 drew criticism from the Iranian Ministry of Petroleum. Iranian Petroleum Minister Bijan Namdar Zangeneh regarded […]