Maliki Heads to India for Investment
Prime Minister Nouri al-Maliki is to visit India on Thursday to push for investment in reconstruction, reports AFP. The four-day trip to New Delhi and Mumbai, with a delegation of ministers and business leaders, follows the visit of India Oil Minister M Veerappa Moily to Baghdad last month. But the prospects of luring foreign investment to […]
Qatar Airways Launches 5th Iraqi Destination
Qatar Airways launched flights on Wednesday to its fifth destination in the Republic of Iraq, Sulaymaniyah, increasing the airline’s frequency across Iraq from 16 to 20 flights each week. The new services, which will operate four-times-a-week non-stop from the airline’s Doha hub, brings the carrier’s global network to 129 destinations worldwide. The Doha – Sulaymaniyah route […]
Travelport Opens Erbil Office
Travelport, a leading distribution services and e-commerce provider for the global travel industry, has continued its Middle East expansion with the opening of a new office in Erbil. The new commercial hub underlines the importance of Iraq as an important investment region for Travelport and now serves the travel agent community in Erbil, Sulaymaniyah and […]
Over 1 Million Displaced Iraqis Face Tough Future
On the occasion of World Humanitarian Day, the United Nations in Iraq is raising awareness of the plight of the 1.1 million Iraqis who are registered as Internally Displaced Persons (IDPs), driven to flee because of eviction, urbanization, conflict or political strife. “IDPs are among Iraq’s most vulnerable populations,” said Jacqueline Badcock, United Nations Deputy […]
Weekly Security Update 14 - 21 August 2013
By Tom Walker, Director, Assaye Risk COUNTRY OVERVIEW The tempo of violence this week off dropped considerably fewer high impact attacks and shootings taking place. There has however remained a daily churn of low level shootings and assassinations that remains commonplace in everyday Iraq. The main interest points from the reporting period have in fact come […]
Don't Choke Iraq's Revenue
This week's bomb attack on the freight port of Umm Qasr was something new, but it appears to be an extension of the terrorist strategy of targeting Iraq's commercial infrastructure. Seen in the context of the growing number of attacks on northern pipelines – at least 37 attacks in the past 2 months alone – […]
DNO Reports Record Output at Tawke
DNO International today announced second quarter 2013 net profit of NOK 280 million on operating revenue of NOK 764 million. Production climbed by nearly a third to 38,720 barrels of oil equivalent per day (boepd) on a company working interest basis from 29,061 boepd in the first quarter of 2013 and 23,234 boepd a year […]
Bombs Again Shut Ceyhan Pipeline
Iraq’s oil exports to Turkey were halted again on Wednesday, this time by bomb attacks targeting the oil pipeline north of Baghdad. Reuters' sources say one attack took place at around 0100 local time near Hadhar in Nineveh Province, 80 km south of Mosul, with another section of the line also attacked near Fatha, between […]
Standard Chartered plans Iraq Expansion
By John Lee. UK-based bank Standard Chartered is counting on the assistance of the British government to help it to open branches in Iraq by the end of the year, according to a report from The National. The newspaper says the company plans to open three branches in the next eighteen months, to tap into […]
After Port Bombing, Basra Gov'r Sees Price to Pay
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. The truck bomb that exploded on Aug. 17 at dock No. 17 of the Iraqi port of Umm Qasr located on the Arabian Gulf surprised Iraqi political and security circles. Although […]
New Petrol Distribution Regulations for Iraqi Kurdistan
The Kurdistan Regional Government Ministry of Natural Resources and Erbil Governorate authorities have introduced new regulations on the sale of petrol from private fuel stations in Erbil Governorate, Kurdistan Region. This move will benefit consumers, introduce a uniform standard of petrol quality in Erbil, and will help to protect Kurdistan’s environment. Effective 25 August, 2013, […]
German Consul: Kurdistan is Democratic Model for Iraq
The new German Consul General in Erbil, Mr Alfred Simms-Protz, met with Minister Falah Mustafa as part of his introductory and courtesy calls on senior KRG officials. Mr. Simms-Protz previously served as Head of Diplomatic Security at the German Foreign Office in Berlin. Speaking about the growing relationship with Germany, Minister Mustafa said: I hope […]