Video: Authorities Investigate Fake Education Certs
From Iran’s PressTV. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. The Kurdistan Region's Higher Education Ministry has linked over one hundred and fifty fake certificates to university students since October. Local media now claim that an adviser to Kurdistan's prime minister paid over […]
UN's Kobler visits Basra, Discusses Chapter VII
By John Lee. The Special Representative of the Secretary-General (SRSG) for Iraq, Mr. Martin Kobler (pictured), has visited Basra where he met with the Governor, Dr. Khalaf Abdul-Samad, and with the Director of the Basra office of the Independent High Electoral Commission (IHEC), Mr. Hazim Joda. He also paid a visit to the Black Iraqi […]
Iraq Stock Market Report
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 28th March 2013). Please click here to download a table of listed companies and their associated ticker codes. The RSISX index ended the week at ID1,652 / $1,786 (-1.4%) (weekly change). The number of week traded shares was 19.4bn and the weekly trading […]
APRIL FOOL: New Iraqi Dinar to Change World Banking
By Marc Snaid. The Central Bank of Iraq (CBI) has announced that the introduction of the new Iraqi currency has been further delayed due to teething problems with the cutting-edge technology that it will employ. Radical new functionality including fingerprint recognition and near-field communication (NFC) promises to create a world-leading new monetary system, which will […]
Basra Gas Project On Track
By John Lee. The Basra Gas Company (BGC) -- a joint venture between the state-run South Gas Company (SGC), Shell and Mitsubishi -- is processing around 400 million cubic feet per day (mcfd) of gas, and is on track to treat 2 billion cubic feet per day by 2017. SGC general director, Ali Khudhier, told […]
Caliburger to Franchise in Iraq
By John Lee. Chinese fast-food chain CaliBurger has announced that it has signed a franchise agreement to begin opening CaliBurger restaurants in Kuwait and Iraq. According to a report from Fast Casual, the franchisee, Ali Hashem, will have rights to open multiple units in Kuwait and serve as the master franchisee for Iraq. Hashem is […]
Iraq Aims to Increase Oil Output
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. The Iraqi Oil Ministry has said that the country's export capacity will reach 7 million barrels per day by 2015, while the parliamentary Energy Committee believes that the size of Iraq's […]
PM Changes Iraqi Political Format Forever
By Mustafa Habib. 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. My way or the highway: PM changes iraqi political format forever In passing the 2013 budget, Iraq’s PM switched from consensual, quota-based law making to his […]
PPL Starts Exploration Work at Block 8
By John Lee. Pakistan Petroleum Limited (PPL) has started development and exploration of gas Block 8, according to a report from Pakistan Today. Iraq signed the final contract with the company in November, giving it the right to explore an area of 6,000 sq km in the Diyala and Wassit provinces in eastern Iraq. PPL […]
Agility Wins $80m Majnoon Contract
By John Lee. Kuwait-based Agility Public Warehousing company, has announced that through its fully owned subsidiary in Iraq has been awarded a 3-year logistics contract from Shell Iraq Petroleum Development B.V. As part of this contract, Agility will be managing all related freight forwarding services for the contract from different locations around the world into […]
New Air Route to Georgia
By John Lee. Georgian Airways has started flights between Iraq and Georgia. Operating twice a week, on Thursdays and Sundays, the flights run between the Georgian capital Tbilisi and Erbil International Airport. A one-way ticket costs $250, with a round trip ticket costing $425. (Source: Georgian Airways)
KS Energy Supplies Land Rig to Taq Taq
By John Lee. Singapore-listed KS Energy (KSE) signed a contract recently to supply its KS Discoverer 4 land rig (pictured) to the Taq Taq Operating Company (TTOPCO) in Kurdistan. The rig will be contracted for one year or until the completion of one exploration well and two development wells, whichever is later. TTOPCO has the […]