Video: Kurds Emerge as Victors of post-Saddam Iraq
From Jewish News One. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. A decade after war and the toppling of dictator Saddam Hussein, Iraq's Kurdistan is experiencing a construction and economic boom: (Source: Jewish News One)
FastIraq Selects Epsilon for Iraq to Europe Connectivity
Epsilon Telecommunications, the world’s largest global telecoms network exchange, has been selected by Iraqi network operator FastIraq to provide international connectivity and local access to enterprise locations globally. This extends FastIraq’s network reach to new destinations and allows it to leverage interconnects with Epsilon’s more than 450 preconnected carriers. Epsilon will provide local access from […]
Menara Networks Selected for Iraq
Menara Networks, a vertically integrated provider of IP/Ethernet DWDM transport solutions that greatly simplify optical networking, announced on Friday that IQ Networks, a leading facility-based fiber Internet Service Provider in Iraq, has selected Menara Networks transponder-less DWDM solution to build a state-of-the-art national 10 Gbps IP over DWDM network in Iraq. IQ Networks will use […]
Warka Bank Claims Court Victory
By John Lee. Warka Bank has issued the following statement with regard to its legal case against the Central Bank of Iraq: "With regards to the legal court case Warka Bank for Investment and Finance has filed against the Central Bank of Iraq Warka Bank for Investment and Finance is delighted to inform its cliental, […]
KRG Minister Receives New Polish Consul to Erbil
Minister Falah Mustafa received the new Polish Consul, Mr Roman Jerzy Chalaczkiewicz, to the Kurdistan Region yesterday. The new consul has previously served as ambassador to Iraq (1997-2002) and in other countries in the Middle East, including United Arab Emirates. The assignment of the new consul follows the inauguration of their consulate in June last […]
Weekly Security Update
By Tom Walker, Director, Assaye Risk COUNTRY OVERVIEW Overall levels of incidents remained steady in Iraq this week with marginal increases seen in Baghdad and Nineveh provinces. The number of suicide attacks, especially in the north and centre of the country, remain at an elevated level with 3 to 4 attacks reported in Nineveh, Salah […]
From Iraq to Libya ...
As many of our readers will already be aware, Iraq Business News has a sister publication, Libya Business News, and we are pleased to report that it’s going from strength to strength. Clearly the two countries are in different stages of development, politically as well as economically, but they face similar challenges, and those challenges bring […]
ISX Clarifies Custody Situation
By Mark DeWeaver. On March 3, the ISX posted the following notification on its website: “No institution or competent body has requested a license to act as custodian pursuant to Decree No. 17 of 2012. “Therefore, the Depository Centre remains the sole body conducting the transfer of securities from the account of the investor [registered] […]
Design of Iraq-Aqaba Pipeline in Final Stages
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 close to completing design of a pipeline to carry Iraqi oil to Jordan and Egypt through the Gulf of Aqaba. Once completed, the project is to be handed over […]
Afren Announces Positive Test Results
Afren has announces an update on the on-going testing programme on the Hunt Oil Middle East (HOME) operated Simrit-2 well, yielding incremental flow rates of 5,368 bopd, with a cumulative rate of 18,952 bopd from six of the 12 zones tested. Following the conclusion of drilling operations at the Simrit-2 well, located on the northern […]
Iraq Requests Sri Lankan Trade Attache
By Matthew Gayle. The government of Iraq has requested that Sri Lanka appoint a trade attache to the Lankan embassy in Baghdad before the two governments joint committee meeting that is to be held three months from now. According to the Sri Lankan Daily Mirror, the Iraqi Ammbassador in Sri Lanka, Kahtan Taha Khalaf (pictured), […]
13-Year Jail Term for US Contractor
By John Lee. An American contractor has been sentenced to 13 years in prison for taking at least $3.7 million in bribes and kickbacks while working for the US army in Iraq. John Alfy Salama Markus, 40, pleaded guilty in September before a federal judge in New Jersey to taking the money in connection with […]