"Legend Lands" Appointed 1st Official Microsoft Distributor in Iraq
Microsoft Corporation said on Monday that it has appointed a local company, the Baghdad-based Legend Lands, to distribute its products in Iraq. Microsoft's manager of Business Development for Emerging Markets, Rajai S. El-Khadem, said: "This is a big step for Microsoft and for Iraq. As of today Microsoft will be officially and locally represented in Iraq […]
Iraq to Buy 3m Tons of Wheat as Production Declines
The Director General of Iraq's Grain Board expects wheat production to fall by 16 percent to 1.5 million metric tons this year because of drought, forcing the country to boost imports to 3 million tons. “Unfortunately, there is a drought this year in the northern provinces,” Ibrahim told Bloomberg. “Last year production was around 1.78 million […]
Iraq-Japan Joint Committee Meets in Tokyo
The Iraq-Japan joint committee began its two-day meeting on Monday in Tokyo, with the aim of improving economic relations between the countries, reports AKnews. The Iraqi delegation is headed by Foreign Minister Hoshyar Zebari (pictured) and includes representatives from the ministries of trade, oil, finance, agriculture, electricity and health. The committee also includes representatives of […]
Most of Kurdistan's 2012 Investment is in Erbil
Since the beginning of this year most of the investment in Iraqi Kurdistan has taken place in Erbil, according to figures from the Kurdistan's Investment Board. AKnews reports that the Kurdistan Region's total volume of investment in the "first period" of this year was $3.1bn (3.6 trillion Iraqi dinars), but does not break this down […]
Final Handover of Iraqi Judicial Development Institute
U.S. Assistant Secretary of State for International Narcotics and Law Enforcement Affairs (INL) William R. Brownfield met with Chief Justice Medhat Mahmoud of the Iraqi Higher Judicial Council (HJC) on May 28 to recognize the HJC’s assumption of full authority and responsibility for the Iraqi Judicial Development Institute (JDI). The HJC and INL, through joint […]
Iraq's 4th Energy Auction Kicks Off
Iraq's fourth energy bidding round takes place on Wednesday and Thursday, but Reuters reports that tough contract terms mean Baghdad may struggle to drum up major interest. The 12 new oil and gas exploration blocks are some of the last potentially rich unexplored territories left. As in previous auctions, foreign energy companies would prefer production-sharing […]
Iraq to Cut Basra Crude Exports by 15% in First Half of June
Iraq will reduce its exports of Basrah Light crude from the Persian Gulf by 15 percent in the first half of June compared to the second half of May, according to Bloomberg. A loading program seen by the news agency shows that the country plans to ship 19 cargoes from the al-Basrah Oil Terminal (ABOT), […]
GKP, Genel, Report 'Inconclusive' Results at Ber Bahr
Gulf Keystone and Genel Energy have updated the markets on their operations at Ber Bahr-1, the first exploration well on the Ber Bahr block in the Kurdistan Region of Iraq: The Ber Bahr 1 well has now completed drilling and initial testing. The well was drilled to 3993m in the Chia Zairi formation. The well […]
Cmte Rejects Govt Request to Delay Customs Law
The economy and investment committee of the Iraqi Council of Representatives announced on Tuesday that it has rejected the government's request to delay the application of the customs law passed in 2008. Committee member Mahma Khalil said, "we fear that the government was put under pressure from traders and some states to reverse the application […]
Turkish Company to Make Fire Extinguishers in Iraq
AKnews reports that Iraq's Ministry of Industry has signed a £3-million contract with a Turkish company for the production of fire extinguishers. The company signed the deal with Iraq's state-owned al-Kanadi company, which is headed by Yousuf Hussein Yousuf. "The contract came within the allocations of the investment plan for the years from 2010 until […]
Tender for the Supply of 5 Million Sacks
The Southern Cement state company is pleased to announce the following tender: Supply of Five Million Paper Sacks . For anyone who would like to participate please do not hesitate to attend the commercial department at the company main office located in Kufa-Iraq in order to obtain a copy of the tender paper which includes […]
Four 'Forgotten' Power Generators Found in Iraqi Port
Jawad al-Bazouni, an MP for the National Alliance, has told Aswat al-Iraq that four power generators were found forgotten in storage at the Khor al Zubair port. After receiving information about them, Bazouni found them during a tour of the port. Following inspection, it was found that three of the generators entered Iraq in 2005 but […]