Video: Iraqi Mushroom Farm Reopens
By John Lee. Out of tragedy has come triumph for the Khirbit family and the Hameediyah Mushroom Farm, once one of the largest mushroom farms in the middle east. The family revived their business after receiving a grant and technical assistance from the USAID-Inma Agribusiness Program. (Source: USAID-Inma)
Iran to Expand Operations at Joint Oilfields with Iraq
By John Lee. Iran will double the number of drilling rigs at the joint Iranian-Iraqi Azadegan and Yadavaran oilfields, according to a report from Bernama. Quoting the managing director of the National Iranian Drilling Company (NIDC), Heidar Bahmani, Iran's Mehr News Agency said there are currently four drilling rigs in operation at the two oilfields […]
Attack on Turkey-Iraq Oil Pipeline
By John Lee. An explosion and fire shut two pipelines that transport oil from Kirkuk to the Turkish port of Ceyhan (pictured) on Friday night, and it was unclear when oil would resume flowing. Security sources blamed sabotage by Kurdish separatists for the explosion at 11 p.m. (2100 GMT) on Friday near the town of […]
Video: Iraq Seals Border Crossings with Syria
By John Lee. Syrian rebels have taken control of one of the country's key border crossings with Iraq, but Syria's neighbour has sealed off its end of the crossing and is not allowing refugees to pass through. Iraq has sent an army division to guard the border post, as the war-weary country grows increasingly concerned […]
US court: Iraq Not Liable for End of Saddam-Era Oil Contracts
By John Lee. Reuters reports that a California court has ruled Iraq not liable for the end of two oil-for-food contracts dating from the Saddam Hussein regime. In a divided ruling, the 9th U.S. Circuit Court of Appeals in California said Iraq's current government deserves protection under the Foreign Sovereign Immunities Act of 1976 because […]
Video: Widows Use New Skills for New Life
By John Lee. Many Iraqi widows face incredible hardships, lacking the education and job skills needed to make a new life. To provide new skills and sustainable incomes to the widowed members of Zanapiq Al-Hakal Association in Ninawa, the USAID-Inma Agribusiness Program provided breeding sheep along with training in how to breed and raise them. […]
Iraq Stock Market Report
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 19th July 2012). Please click here to download a table of listed companies and their associated ticker codes. ID1,413 / $1,514 (+3.6%) (weekly change). The number of week traded shares was 22.5bn and the weekly trading volume was ID27.0bn ($22.6mn). ISX Company […]
Weekly Security Update for 19th July 2012
By Gary Sandiford, Olive Group's Dubai-based assessments manager. Olive Group is a leading provider of security and technology solutions and has operated continuously in Iraq since 2003. Overview Olive Groups Iraq statistics are drawn from multiple sources, including media reporting and direct liaison with in country assets. Included within the statistics are a minority sub-set […]
وزير الاتصالات يوجه بالأسرع في تنفيذ مشروع الشبكة الاسلكية في كربلاء
وجه وزير الاتصالات بالأسراع في تنفيذ مشروع الشبكة اللاسلكية في محافظة كربلاء والبدء بوضع الكلف التخمينية لتنفيذ أنشاء الشبكة وتشغيل مركز بيانات المحافظة . وقال المتحدث الرسمي لوزارة الاتصالات سمير علي الحسون ان ذلك جاء خلال زيارة وفد الوزارة الى المحافظة الذي ترأسه معالي الوزير وعضوية السيد وكيل الوزارة للشؤون الادارية والمالية والسادة مدراء الشركتيين […]
Gulf Keystone Rallies on Shaikan Oil-in-Place Upgrade
By John Lee. Prior to today's AGM, Gulf Keystone Petroleum has announced another major upgrade of the gross oil-in-place volumes for the Shaikan field in the Kurdistan Region of Iraq. Shares in GKP were up 6% in early trading in London. The revised gross oil-in-place volumes for the Shaikan field, as calculated by Dynamic Global […]
Afren Jumps 8% on Simrit-2 Oil Discovery
By John Lee. Shares in Afren plc were up 8% on Thursday morning following the announcement that the Simrit-2 exploration well in the Kurdistan region of Iraq has been drilled to a depth of 3,800 metres and the total net oil pay has increased to 460 metres. In addition, a cumulative flow rate of 13,584 […]
US Firm Wins $60m Affordable Housing Project in Thi Qar
By John Lee. The Thi Qar Investment Commission has approved an Investment License for a $60 million (USD) affordable housing project being developed by Iraq Dream Homes, LLC, a U.S. affordable housing development firm. The housing project “An Nasiriyah Dream Homes-Phase I” consists of 400 units of single-family affordable homes in a master-planned, sustainable community […]