4 Indicted for $23m Iraqi Dinar "Fraud"
The owner and three employees of a US business promising high returns on the Iraqi dinar have been indicted by a federal grand jury on conspiracy and wire-fraud charges for allegedly duping investors out of more than $23 million. According to reports, Rudolph M. Coenen, 47, the owner of Bayshore Capital Investments LLC, is charged […]
Iraq Allocates $275bn to New Projects
By Padraig O'Hannelly. Iraq's Planning Minister, Ali al-Shukri (pictured), has said the country has earmarked between $250 billion and $275 billion for infrastructural development projects over the next five years. At the Iraq Finance 2012 conference in London the minister called for foreign companies to invest in all sectors of the Iraqi economy, including construction, […]
Erbil International Fair: 850 Companies From 20 Countries
Held under the auspices of the Kurdistan Regional Government, Erbil International Fair is set to take place from 15 to 18 of October, 2012 from 11 am to 7 pm, at the Erbil International Fair Ground, Kurdistan Region, Iraq. Erbil International Fair (EIF) is the 8th edition of the multi- sector trade fair and is […]
Business Risk Management in the MENA Region
The UK's Middle East Association (MEA) will be hosting a business briefing on how companies can assess and mitigate risks to their operations, in the MENA region, on Tuesday 9th October at Bury House. The event will appeal to individuals keen to keep abreast of recent developments, as well as companies that either already have […]
Iraq Energy Forum Details Announced
Baghdad will host Iraq's most anticipated energy event thus far on the 12/12/2012. Founded and hosted by Iraq Energy Institute (IEI), the Iraq Energy Forum (IEF) represents a unique gathering, distinguished by its exclusive line-up of senior Iraqi government officials and decisions makers, ambassadors, IOCs, industry leaders and cross-sector world renowned industry experts. The event […]
ورشة عمل حول حرية التعبير
"ندعوكم للمشاركة في ورشة عمل حول حرية التعبير في البصرة لمناقشة، ومن بين قضايا أخرى، التطورات في الحملة لإلغاء ما يسمى ب "قانون حقوق الصحف هذه الدورة سوف تكون جزءا من المؤتمر الرابع للمبادرة التضامن المدني العراقي ، الذي سيعقد في 21 أكتوبر، 2012، في البيت الثقافي في مدينة البصرة، وذلك في المنتدى اللاعنف العراقية […]
Positive Messages from London Conference
By Padraig O'Hannelly. This week in London, Iraq Business News was delighted to be Gold Media Partner at Symexco's Iraq Finance 2012 conference, attended by wide range of public officials and senior executives from the financial sector. The following sound-bites will give you a small taste of the mood of the event: "The opportunities in […]
Shell 'Optimistic' About Gas Capture Hurdles
By John Lee. Shell's commercial general manager for Iraq, Arne de Kock, has told Reuters that two key hurdles must be cleared before the company can move forward with its giant gas capture project in southern Iraq. But he added that he was "optimistic" the government's Council of Ministers will sign off on the issues of asset […]
Iraq Approves $359m Zubair Oilfield Contract
By John Lee. Iraqi government spokesman Ali Al Dabbagh (pictured) has said that the cabinet has approved a $358.8 million contract with Italy's SICIM and Dubai-based Drake and Scull to lay pipelines in the southern Zubair oilfield. The two-year extendable deal is part of a series of contracts aimed at developing Zubair which should have […]
Shell to Re-Start Majnoon Output in Q1
By John Lee. Shell expects to resume production at its Majnoon oilfield in Iraq in the first quarter of 2013, Arne de Kock, commercial general manager for Iraq, has told Reuters. The company then expects to lift output to 175,000 bpd by March or April, this being the level of production required for it to start […]
UK to Open Visa Office in Baghdad; Strengthen Ties
By Padraig O'Hannelly. In his keynote address to the Iraq Finance 2012 conference in London, the UK's Minister of State for Trade and Investment, Lord Green of Hurstpierpoint (pictured), announced that the British and Iraqi governments had taken practical steps to improve the working relationship between the two countries. Refering to last week's visit to […]
Emirates Introduces Flights to Erbil
By John Lee. Emirates Airlines has commenced flights to Erbil, considered to be one of the oldest cities on earth. An Emirates’ A340-300, carrying a VIP delegation and media landed in Erbil, the capital of northern Iraq and the airline’s third gateway into the country after Baghdad and Basra. Travelling aboard the inaugural flight, which […]