Audio: BBC Interview Ashti Hawrami
Kurds in Iraq are growing restless and impatient over the violence and open political rivalries in Baghdad, between Shias and Sunnis. Iraq's autonomous Kurdish region of four million is a haven of relative stability and prosperity and what's more has its own oil riches to exploit. HARDtalk’s Zeinab Badawi speaks to Ashti Hawrami (pictured). For […]
PM Barzani Welcomes New Dutch Ambassador
By John Lee. Prime Minister Nechirvan Barzani welcomed the Netherlands' new Ambassador to Iraq, Mr Harry Molenaar (pictured), recently, discussing the growing relationship between their governments. Ambassador Molenaar highlighted the importance of the new Dutch Embassy Liaison Office in Erbil, which is planned to officially open in November. Prime Minister Barzani congratulated Ambassador Molenaar on […]
Iraq Stock Market Report
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 27th September 2012). Please click here to download a table of listed companies and their associated ticker codes. ID1,426 / $1,542 (+1.0%) (weekly change). The number of week traded shares was 5.8bn and the weekly trading volume was ID10.5bn ($8.8mn). ISX Company Announcements […]
Erbil International Fair - Deadline for Visas
Advertising Feature Please note that for foreign visitors to the Erbil International Fair, the final deadline to apply for a visa to Kurdistan is Wednesday October 3rd, 2012. Pre-approved entry permits to Kurdistan are required for all nationalities except for EU, US, Canadian, Australian, Turkish and Iranian passport holders. Upon arrival to Kurdistan, Kurdish authorities […]
Al-Maliki’s Ties to Iran Create Trouble for Iraqi Democracy
By Eugen Iladi. The opinions expressed here are those of the author, and do not necessarily reflect the views of Iraq Business News. The ability of Iraq’s embattled Prime Minister, Nuri al-Maliki, to maintain power in Baghdad is increasingly linked to the support he receives from Iran. Al-Maliki and his inner circle are notoriously tied […]
26 New Opportunities in Iraq
By John Lee. At Iraq Business News we are committed to bringing you up-to-date information to help your business in Iraq. With that in mind, our revised Tenders Service has listed 26 new opportunities this week alone, covering such products and services as industrial valves, pharmaceuticals, dental supplies, construction equipment, and consultancy services. With the […]
Iraq Oil Production Highest Since 1979
By John Lee. Iraq's crude oil production has risen to the highest level since 1979, according to a report from Bloomberg. Citing Oil Ministry sources, the news agency says output has hit 3.328 million barrels a day (bpd), of which 2.484 million bpd are exported from Basra. In June Iraq's oil production overtook that of […]
Iraq Shortlists 2 to Build Breakwater
By John Lee. Iraq has announced a shortlist of two companies to build a breakwater for the $6 billion first phase of its Grand Fao port development. The director general of the State Company for Iraqi Ports, Omran Radhi (pictured), told Bloomberg that the Archirodon Construction Company submitted the lowest bid of 204 billion dinars […]
Iraq says Shell Denies Oil Talks with KRG
By John Lee. According to a statement on Wednesday from the office of Deputy Prime Minister for Energy, Hussain al-Shahristani, Shell has denied starting talks on possible energy deals with Iraqi Kurdistan. "We don't have any discussions with the Kurdish regional government about working in the region," Shell's vice-president Hans Nijkamp is reported to have […]
UNESCO to Protect Leaning Minaret
By John Lee. UNESCO's Iraq Office and the Governorate of Ninewa signed an agreement to start a project under which UNESCO will carry out a complete set of studies to protect one of the region's historical icons: Al Hadba Minaret. After several meetings and an expert mission, UNESCO Iraq Director Mohamed Djelid met on Friday, […]
Cabinet Approves 3 Energy Deals, Delays 1
By John Lee. Iraq's cabinet has approved three oil and gas contracts awarded to foreign firms in the 4th round energy auction in May. Government spokesman Ali al-Dabbagh (pictured) said cabinet approved an initial gas exploration contract with Pakistan Petroleum for gas Block 8, another deal led by Russia's Lukoil along with Inpex of Japan […]
Petrel Resources Interim Results
By John Lee. Petrel Resources, the AIM-listed, Irish hydrocarbon exploration company with activities in Iraq, Ghana and Offshore Ireland, today announced its interim results for the six months ending 30 June 2012: Operational Highlights: New management team appointed in Iraq. They have clarified Petrel's relationship with the authorities and are pursuing existing and new opportunities. […]