Iraqi Refugees Returning Home
An estimated 2.3 million Iraqi refugees fled the sectarian violence that erupted in the country after Saddam Hussein was overthrown in the United States-led offensive of 2003. Despite a programme launched by the Iraqi government in 2007 to encourage the Iraqi diaspora to return home, until recently relatively few had taken up the offer. Now […]
Iraq Discovers First Offshore Oilfield
An Iraqi Oil Ministry spokesman announced on Wedesday that an oilfield has been discovered in Iraqi territorial water. Assim Jihad told Aswat al-Iraq that it expects to offer the site in the coming oil rounds. This is Iraq's first offshore oilfield. The site was numbered "18", but not exploited due to problems with mines, which […]
WesternZagros Announces First Quarter 2012 Results
WesternZagros Resources announced on Wednesday its operating and financial results for the first quarter ended March 31, 2012, and additional key highlights and activities to date. Headlines $25.9 million of gross oil proceeds in Q1 2012, more than double the proceeds generated in Q4 2011. Proceeds generated from the sales of 450,000 barrels of test […]
Iraq’s Energy and Development Outlook: The Need for Coping Strategies
By Ahmed Mousa Jiyad. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. The prospects of energy and development in Iraq could witness and face serious changing circumstances, thus different policy options have to be in place to face different situations and possible scenarios. The […]
A New Look at Bank Valuations
In a post from March of last year, I noted that Iraqi bank stocks did not seem particularly attractive on a valuation basis. PE’s were high and growth was unspectacular. This is no longer the case for the entire sector. While share prices have gone pretty much nowhere, 2011 was a stellar year for earnings […]
Iraq Ready to Supply Brazil with Crude
AKnews reports that Iraq is ready to supply crude oil to Brazil following the increase in oil production in recent months. Deputy Prime Minister for Energy, Hussein al-Shahristani, met with the a Brazilian delegation to discuss ways to improve political and economic relations between the two countries, especially in the energy sector. The Brazillian side […]
IRAQ: Mine-free 2018 target will be Missed
Iraq is drawing detailed maps of areas contaminated by landmines and unexploded ordnance (UXO), but is unlikely to clear these areas by a 2018 deadline, says a government official. “Lack of detailed maps for landmines was one of the major problems and it delayed our mine-clearance efforts because the previous regime planted them randomly,” Deputy […]
Commission on Integrity Arrests Fake Inspector
Iraq's Commission on Integrity has arrested a man who was passing himself off as an Inspector General of the Commission. According to the Commission, the man, who was not named, used official government cars and was protected by police. He allegedly tricked his way into police stations and other official offices to gather names of […]
Microsoft Partners with KRG for 2nd Annual Imagine Cup
Microsoft and the KRG Department of Information Technology last week hosted the 2nd annual Imagine Cup 2012 - Kurdistan competition in Erbil. The competition is a global endeavor organized by Microsoft to spur students’ creativity in order to help solve the world’s toughest problems through technology. This year’s winning team, Mirage Tech, devised a software […]
Maliki Seeks World Bank Help to Reduce Dependence on Oil
The Iraqi Prime Minister, Nouri al-Maliki, received a delegation on Monday from the World Bank, headed by its Regional Director Mr. Hedi Larbi. During the meeting, Maliki called on the World Bank to support Iraq by sharing experience and providing training for the Iraqis that will contribute to the planning and management of the Iraqi […]
Basra Forms Group to Invest in Faw Port
Basra Provincial Council announced on Tuesday the formation of a group that includes 100 local businesses to invest in Faw Port "to preserve the sovereignty of Iraq". Council member Walid Qitan said: "The efforts of businessmen in the province resulted in the cooperation of major public companies to invest in Faw Port in order to […]
معارض محافظة بغداد
معرض بغداد الدولي للفترة من1 الى 10/11/2012 معرض أربيل الدولي 15-18/10 معرض دهوك الدولي 1-4/10 9/29-26HiTech في اربيل معرض سليمانية الدولي 27-30/8 معارض محافظة بغداد ت اسم المعرض تاريخ إقامته الملاحظات مؤتمر ومعرض بغداد الدولي لنفط والغاز 1-4/5/2012 معرض العراق الدولي للبناء المعرض الدولي للزجاجيات 4-7/6/2012 4-7/6/2012 معرض بغداد ( FASHION) الأول (المعرض الدولي […]