RW Starts $98m Residential Contract in Samawa
Rotondo Weirich’s (RW) UAE partner company, RW Middle East, has started work on an investment housing contract awarded to the Iraqi Developer Sama Al Douh Contracting and Real Estate Investments by the Iraqi Ministry of Housing. Sama Al Douh has selected RW Middle East to design and build the residential development in Simawah [Samawa], Iraq, […]
Parliament and Finance Cmte Support "Revalue" (sic) of Iraqi Dinar
The Iraqi Parliament and the Finance Committee support the Central Bank of Iraq (CBI)’s efforts to revalue of the Iraqi Dinar through the removal of three zeros from the currency, according to a report from AKnews. The CBI has announced that it has finalized plans to remove three zeros from the Iraqi currency in order […]
Shell Presses Ahead with Majnoon Development
At CWC‘s Iraq Petroleum 2012 conference in London last week, the head of Shell's operations in Iraq gave a detailed account of progress at the Majnoon oilfield, in which Shell has a 45% stake. Mr Hans Nijkamp said that Shell Iraq Petroleum Development manages all contracts on behalf of the Majnoon venture, and that there […]
Polish Foreign Minister Inaugurates Consulate in Erbil
The Foreign Minister of Poland was joined by Prime Minister Nechirvan Barzani and the Foreign Ministers of Sweden and Bulgaria to officially inaugurate the new Polish consulate office in Erbil today. The plans to establish a presence in the Kurdistan Region were announced last year by Poland’s Ambassador to Iraq, Mr Stanislaw Smolen, and were […]
Iraq's Deputy PM Confirms Exxon Still Operating West Qurna
Iraq's Deputy Prime Minister says ExxonMobil is still engaged with the West Qurna-1 oil-field in the south of the country. At CWC‘s Iraq Petroleum 2012 conference in London last week, Dr Rowsch N Shaways told Padraig O’Hannelly for Iraq Business News : "To my knowledge, Exxon is still operating in the South, with current contracts. […]
Dunia Weekly Iraq Market Tracker
Advertising Feature Iraq Business News is delighted to bring you the latest Iraq Market Tracker report from Dunia Frontier Consultants. The market tracker highlights the activities and market performance of a basket of publicly traded firms who derive a significant percentage of their revenues from operations in Iraq, but are traded on foreign exchanges: a […]
Petrel Resources Remains Committed to Iraq
John Teeling, Chairman of Petrel Resources, made the following comments on the company's Iraqi operations in its preliminary results for the Year Ended 31 December 2011: "First formed in the 1980's to explore offshore Ireland, Petrel entered into Iraq in 1999. We worked diligently with the Iraqi Oil Ministry and in 2002 agreed an exploration […]
Army Corps of Engineers Continues Construction in Iraq
By Joan Kibler, U.S. Army Corps of Engineers, Middle East District. Though its construction program is a fraction of what it once was in Iraq, the U.S. Army Corps of Engineers continues to manage $350 million in projects there to help build facilities for the sovereign nation. In seven years starting in 2004, the U.S. […]
EU Foreign Ministers Impressed by Progress in Kurdistan
The foreign ministers of Sweden, Poland and Bulgaria yesterday arrived together in the Kurdistan Region where they met President Masoud Barzani and Prime Minister Nechirvan Barzani to discuss ways to strengthen cooperation and to talk about the latest political developments in Iraq and the ongoing crisis in Syria. President Barzani welcomed the three foreign ministers, […]
Grand Opening of Strategic Studies Center
Iraq celebrated the grand opening of the new Al-Nahrain Center for Strategic Studies during a ribbon-cutting ceremony on June 17, 2012 in Baghdad. The center was sponsored by the U.S. Embassy in Baghdad, in coordination with the Government of Iraq, as set out by the Strategic Framework Agreement. The June 17 opening ceremony launched a […]
Maliki Attempts Pre-Emptive Action Against Nujayfi
The following article was published by Reidar Visser, an historian of Iraq educated at the University of Oxford and currently based at the Norwegian Institute of International Affairs. It is reproduced here with the author’s permission. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. […]
Al-Kindi Conference on Construction and Housing in Iraq
We would like to update you of Al-Kindi’s intentions to hold a conference on the construction and housing sector in Iraq. This is planned to be held on 7th of July 2012 in Central London. Iraq needs over 3 million housing units, modern highways, bridges and basic infrastructure. The budget for the ministry of Construction […]