Iraq may Invest in Indonesian Oil Refineries
The Jakarta Post reports that Indonesia is likely to partner with Iraq to build oil refineries in Indonesia. The director general for oil and gas at Indonesia's Energy and Mineral Resources Ministry, Edy Hermantoro, is quoted as saying: "Both deputy energy ministers from the two countries have signed a memorandum of understanding [MoU] for cooperation […]
Conman Jailed for Selling Fake Bomb Detectors
The conman who made $84 million selling fake bomb detectors to Iraq and other countries has been jailed for ten years by a court in the UK. Passing sentence on Jim McCormick, Judge Richard Hone said: "The device was useless, the profits outrageous and your culpability as a fraudster has to be placed in the […]
Final Results of Iraqi Provincial Elections
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 […]
Ninawa Election Postponed "Based on False Info"
By Abdullah Salem. 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. The controversial governor of Ninawa, Atheel al-Nujaifi, talks about why he thinks elections were postponed and how the current security crisis could be solved. After Iraqi […]
Iraq Stock Market Report
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 2nd May 2013). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at ID1,786 (+2.1%) / $1,819 (+1.7%) (weekly change). The number of week traded shares was 8.2bn and the weekly […]
GKP set for Growth
Gulf Keystone has provided an update on its four blocks in the Kurdistan Region of Iraq, including the world class discoveries at Shaikan and Sheikh Adi, as well as Akri-Bijeel and Ber Bahr: Background With the Shaikan commercial discovery alone, Gulf Keystone has one of the world's largest onshore conventional oil & gas developments with […]
UN/UNESCO Message for World Press Freedom Day
Freedom of expression, enshrined in Article 19 of the Universal Declaration of Human Rights, is essential for empowering individuals and building free and democratic societies. A fundamental right on its own, freedom of expression also provides the conditions for protecting and promoting all other human rights. But its exercise does not happen automatically; it requires […]
Video: May Day Rallies Draw Hundreds in Iraq
From AFP. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Hundreds of Iraqis participated in rallies across Baghdad to mark May Day including supporters of the Communist Party. Violence in Iraq rose sharply in April, with 460 people killed according to AFP figures: (Source: […]
UN Welcomes Return of Kurdistan Ministers
In a personal message to the Kurdistan Region President, Mr. Masud Barzani, the Special Representative of the United Nations Secretary-General for Iraq (SRSG), Mr. Martin Kobler (pictured), welcomed Kurdistan Region ministers resuming, as of today, their participation in the Cabinet’s sessions, as well as the return of the Kurdistan Region members of parliament to the […]
Casualty Figures Highest since June 2008
According to casualty figures released today by UNAMI, the month of April was the deadliest since June 2008. A total of 712 people were killed and another 1,633 were wounded in acts of terrorism and acts of violence. The number of civilians killed was 595 (including 161 civilian police) and the number of civilians injured […]
Iraq to Launch Satellite to Deal with Water Crisis
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 is to launch a satellite at the end of this year as part of a scientific project dedicated to monitoring desertification and water shortages, whose repercussions have cast a shadow […]
Kartet Re-Applies for Iraq Power Exports
Kartet, a subsidiary of the Turkish conglomerate Karadeniz Holding, has reportedly re-applied for a licence to export 200MW from Turkey to Iraq. According to the report from Argus, such exports ceased in 2011, but Kartet has applied to export power through the 154kV Turkey-Iraq power interconnector. The regulator EPDK will give other firms until 20th […]