Weekly Security Update 31 July - 06 August 2013
By Tom Walker, Director, Assaye Risk COUNTRY OVERVIEW This reporting period has been somewhat quieter in Iraq with a significant drop in the number of high impact attacks and shootings. There remains a daily churn of violence that affects predominantly the northern and central belts yet the intensified bombing campaigns would appear to have slackened, […]
Oil, Sustainable Development, and the Transformation of Iraq
By Ahmed Mousa Jiyad. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Oil, Sustainable Development and the Management of the Transformation in Iraq This contribution is based on PowerPoint presentation delivered before the Symposium “Iraq – 10 Years On” held at Tahrir Campus of […]
Pentagon Proposes $2.7B In Iraq Arms Contracts
According to Al Arabiya, the Pentagon has notified the U.S. Congress of $2.7 billion in possible new sales to Iraq of air defense and communications systems. The most recent contracts would raise the value of a series of U.S. arms sales to Iraq that have been sent to Congress over the past two weeks to nearly $5 […]
Basra Free Zone Still Tricky for Foreign Investors
By Murtada Taleb. 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. It was designed to attract investors to Iraq and although things are getting better in Basra’s duty-free zone, there are still many obstacles for foreign investors […]
Armenia Seeks To Develop Relations With Kurdistan
The KRG’s Head of Foreign Relations recently received Armenia’s Deputy Minister of Economy, Mr Tigran Harutyunyan, and his delegation who were on a four-day visit to the Kurdistan Region. Deputy Minister Harutyunyan, who has visited the Kurdistan Region before, said that the aim of his visit is to further develop ties between Kurdistan and Armenia. […]
Pipeline From Kirkuk To Ceyhan Port Reopened
The North Oil Company has announced the resumption of oil flow in the pipeline from the Kirkuk oilfields to the Turkish port of Ceyhan after being shut off for three days because of repairs to a damaged line. A source from the company was quoted by the National Iraqi News Agency, saying that the maintenance […]
CBI US Dollar Sales Increase After Monday's Auction
On Monday, the Central Bank of Iraq announced the increase of its US Dollar sales during Monday's auction after reaching $16278000 last Sunday. "The total US Dollars sold by the bank amounted to $288639000 at price of 1166 IQD per US dollar during the auction, which included the participation of twenty-four banks," CBI reported in a […]
11 Killed, 28 Wounded in Separate Attacks in Iraq
According to police, at least 11 people were killed and 28 more wounded in the latest violent wave of attacks in Iraq on Monday. Xinhua News, quoting an anonymous police source, said that three people were killed and 20 others injured when a car bomb exploded in a market in the Tall Afar area west […]
MP Demands MoT Distribute Extra Rice
MP, Aziz al-Mayahi, of the Economy and Investment Parliamentary Committee is demanding that the Ministry of Trade accelerate distribution of the second portion of rice scheduled for the Holy month of Ramadan. ''The Minister of Trade Khairallah Hassan Babekir promised to distribute an extra portion of rice for people during Ramadan, while the first rice […]
Iraqi Politician Calls On Maliki to Step Down
By Ali Abdel Sadah for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Iraqi politicians and activists are discussing the possibility of forming a “national salvation government,” following a July 24 suggestion by Fakhri Kareem, an influential politician and prominent journalist. The deteriorating security situation and muddled politics led […]
Anbar & Nineveh Form New Provincial Governments
By Reidar Visser. The following article was published by Reidar Visser, an historian of Iraq educated at the University of Oxford and currently based at the Norwegian Institute of International Affairs. It is reproduced here with the author’s permission. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Through last-minute […]
Ribbon Cut on new Bazurgan-Halfaya-Fao Pipeline
By John Lee. The Director General of Missan Oil Company has cut the ribbon on the 272-km crude oil pipeline from Buzurgan to Halfaya and onward to the tanks reservoir at al-Fao [al-Faw]. It starts from meeting point of the two lines from Buzurgan and Halfaya. The 42-inch-diameter pipeline was built in cooperation with the […]