Weekly Security Update
By Tom Walker, Director, Assaye Risk. (Please click on graphics to view.) COUNTRY OVERVIEW 08 and 11 February saw bombings in Mosul, Baghdad, Karbala and Shomali that resulted in the deaths of at least 38 people with a further approx 100 wounded, which followed a similar pattern of attacks from the previous week. There has […]
DNO Reports Record Profits
By John Lee. DNO International ASA, the Norwegian oil and gas company, has announced record 2012 net profit of NOK 1.04 billion on operating revenues of NOK 2.84 billion. Fourth quarter 2012 net profit was NOK 810 million on operating revenues of NOK 1.43 billion. Shares in the company closed 2.8 percent higher on Tuesday. […]
Iraq "has Little Interest in Oil Law"
By John Lee. A leading Sunni figure has said that Iraq is not likely to pass a hydrocarbon law anytime soon, as the government has little interest in pushing a draft through parliament. Adnan Al-Janabi, a member of the Iraqiyya party, and the head of Iraq's parliamentary oil and energy committee, told Reuters: "It is […]
Training on Management of Investment Zones
By John Lee. In collaboration with OECD and and National Investment Commission (NIC), a special two-day training course in the management of investment zones was held recently in Baghdad. On behalf of NIC chairman Dr. Sami Al-Araji, NIC advisor Dr. Abdullah Al-Bander welcomed participants representing several ministries, including Industry and Minerals, Communication, Finance and the […]
US Contractor Fined for Late Reporting of Casualties
The U.S. Department of Labor's Office of Workers' Compensation Programs has announced a $75,000 settlement with The Sandi Group/Corporate Bank Financial Services for failure to report in a timely manner on the injuries and deaths of 30 employees in Iraq between 2003 and 2005. Under the Defense Base Act, a company must report any injury […]
Iraqi Parliament Rejects Draft Cybercrime Bill
By Ali Abel Sadah for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. On Feb. 5, 2013, the Iraqi parliament responded to a campaign launched by activists against a proposed law criminalizing many means of circulating information. Iraqi lawmakers said that they will draft […]
US-Sponsored Legal Training Helps the Vulnerable
The U.S. Embassy, through the U.S. Agency for International Development (USAID), hosted the Law School Legal Clinic Best Practices Training for six Iraqi law schools in Baghdad from February 5 - 7, 2013. USAID assists Iraqi law schools to integrate clinical legal education into their curricula and to establish legal aid clinics. These law school […]
Turkish Firm to Invest $700m in Steel Plant
By John Lee. The Ministry of Industry and Minerals has signed an 18-year contract with a Turkish company to run iron and steel plant in Basra. According to Steel Network, $700 million will be invested to bring production capacity to 1 million tonnes per year. Work at the plant, located in the Khor Al-Zubair, is […]
Investment Opportunities in Iraqi Fiber Networks
By John Lee. The General Company of Post and Communications has announced that it intends to offer "huge investment opportunities" in the provision of optical fiber networks. AIN reports that the investment opportunities, running to billions of dollars, aim to take advantage of the geographic location of Iraq as a route for information and communications […]
Weatherford Completes New Well at Bazargan
By John Lee. Missan Oil Company has announced that the US company Weatherford has successfully completed an oil well at the Bazargan field. It has also rehabilitated another well in the same field, and one at the Faqa oil field. According to a report from AIN, this brings the number of wells Weatherford completed at […]
US Ambassador’s Fund Grant
The U.S. Mission in Iraq, through the Ambassador’s Fund Program, is seeking Statements of Interest that offer creative and effective approaches to promote reconciliation and stability in Iraq and to improve the institutional capacity of Iraqi organizations and local communities. Awards will range from USD 200,000 to USD 500,000, although smaller and larger awards may […]
Announcement: Ownership of Knowledge, Transfer in Progress….
By Madeleine White, educationalist, writer and Head of Strategic Partnerships, Whizz Education. I love books. The sense that I am holding something that belongs to me is precious - even down to the physical smell. This sense of ownership was extreme in my teenage years. I refused to lend anyone my books - somehow they were a […]