Video: Attacks kill Dozens
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. At least 35 people have been killed and nearly a hundred more wounded in a wave of attacks across Iraq, while the head of Baghdad's provincial council escaped an assassination attempt in the […]
DNO Updates on Tawke Testing
DNO International announced today that it has commenced extensive testing of the Tawke-23 exploration well in the Kurdistan region of Iraq. The well is the second horizontal well drilled by the Company in the Tawke field and has encountered continuous oil shows within a 930 metre horizontal section in the main Cretaceous reservoir. The test […]
Bloom Signs Contract for "City of the Future"
Under the patronage and presence of Nouri Al Maliki, Prime Minister of Iraq, Bloom Properties, the property development and real estate arm of National Holding, has signed a contract with the Iraqi National Investment Commission for the development of 50% of the "City of the Future - Madinat Al Mustaqbal" in Baghdad. The approximately 2.5 […]
Iraq Stock Market Report
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 12th September 2013). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at ID1,697 (-2.6%) / $1,829 (-2.3%) (weekly change). The number of week traded shares was 4.1bn and the weekly […]
Video: Car Bomb Explodes in Baghdad
From Jewish News One. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. A packed car bomb has exploded on a commercial street in Baghdad's eastern Shi'ite district of Al Mashtal resulting in at least five deaths and 17 wounded. A recent wave of violence […]
Iraq to Store Crude in Korea
By John Lee. Oil minister Abdul Kareem Luaibi [Elaibi] has told reporters that Iraq plans to store 4 million barrels of crude oil in South Korea. According to a report from Reuters, he said that the oil was to be stored in Korea "to be near the markets - the Asian markets". The Wall Street […]
Faw Port Companies Exempted from Taxes
By Omar al-Shaher for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Iraq has decided to exempt foreign companies involved in the Faw Port project from customs duties and taxes. This decision was an attempt to accelerate the completion of the stalled project, through […]
New Iraqi Protest Movement Targets Corrruption
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. Iraq is currently witnessing a huge discrepancy between the performance of the political class and the security, social and economic pressures experienced by the people. Despite its apparent failure in dealing with […]
Entering Karbala: Getting a Visa to US would be Easier
By Ibrahim al-Jibouri. 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. Karbala’s famous old city is home to two of Islam’s most important shrines and attracts millions of tourists. It is also surrounded by high walls and […]
Iraqi Women Victimized by Tribal Marriage Customs
By Dlovan Barwari for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. She set her small body on fire after pouring several liters of kerosene over herself and lighting a match. This is how she ended her life after her father refused to allow […]
UNESCO Hands Over Community Learning Centres
The 8th September of every year marks a special occasion with the world celebrating International Literacy Day. In 2013, this occasion takes an even deeper significance as this year's celebrations highlight a neglected, yet major aspect: placing education at the heart of development. Under this year's theme, Literacies for the 21st Century, the United Nations […]
Iraq Plans Oilfield Contract Award to Koreans
By John Lee. Businessweek reports that Iraq plans to award contracts at the Zubair oil field the the Korean companies Samsung Engineering, Hyundai Heavy Industries, and Daewoo Engineering & Construction. Oil minister Abdul Kareem Luaibi [Elaibi] (pictured) has told reporters: “We are in the last stages in attributing the project entirely to three Korean companies ... […]