Gulftainer Appoints New Commercial Director
Gulftainer, the largest privately owned port operator in the world based in Sharjah, has recently appointed Jay New as its new Commercial Director. Jay will be based in the Sharjah headquarters, overseeing and progressing the company's commercial operations in the region and worldwide. Jay has worked in the ports, shipping and logistics field for over […]
Iraq in Talks over Highway to Turkey and Syria
The Iraqi government has agreed to hold talks with China’s Poly Technologies on a plan to build a highway linking the country with Turkey and Syria, according to a report from Bloomberg Businessweek. Iraq’s minister of construction and housing will discuss the design of the project with Denmark’s COWI Holding A/S, said government spokesman Ali […]
Video: Iraq Has Role to Play in Boosting Oil Supplies
Luay Jawad al Khatteeb, chief executive officer of Iraq Energy, discusses global oil supplies and tensions surrounding the Strait of Hormuz transit route. He speaks from Hong Kong with Caroline Hyde on Bloomberg Television's "First Look." (Source: Bloomberg)
Iraq Stock Market Report
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 22nd March 2012). Please click here to download a table of listed companies and their associated ticker codes. ID1,336 / $1,466, +0.9% (weekly change). The number of week traded shares was 14.6 bn and the weekly trading volume was ID27.2bn ($23.0mn). ISX […]
Iraq Still Considering Exxon Bidding Ban
The Iraqi oil ministry is said to be still considering whether to allow Exxon Mobil to bid in the country's 4th energy licensing auction, lifting a ban that was imposed because of the deal it struck with the Kurdistan Regional Government (KRG). "We are going to discuss this matter in the ministry and, God willing, […]
Basra’s Unfair Share: Wealthy in Oil, Poor in Every Other Way
The citizens and authorities in what is potentially Iraq’s wealthiest oil boom town are upset. They say oil companies are causing environmental problems and Baghdad is getting rich while they’re missing out, according to this article from NIQASH. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq […]
Separatism and Sectarianism in Barzani Speech
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. […]
Iraq Denies Tech Fault in New Oil Terminal, Blames Weather
Iraq said on Thursday that weather, rather than a technical fault, was behind an interruption in the operation of the new single point mooring (SPM) terminal on the Persian Gulf. The new facility loaded 2 million barrels of oil into its first ship, the Maersk Hirado, between 8th March and 13th March, but has not […]
Baghdad's Historic Summit Meeting
Next week's Arab League Summit in Baghdad is a very significant moment in Iraq's development. Quite apart from any discussions and resolutions at the conference itself, the staging of the event in Iraq for the first time since 1990 demonstrates the acceptance of an independent Iraq into the community of Arab states. Preparation for the […]
US Under Secretary of the Treasury Visits Iraq
The U.S. Department of the Treasury announced today that Under Secretary for Terrorism and Financial Intelligence David S. Cohen is traveling to Iraq, Lebanon and the United Arab Emirates this week to discuss international sanctions against Iran and Syria as well as the United States’ continued efforts to combat global terrorism. Continuing the Treasury Department’s […]
Brazil to Re-Open Baghdad Embassy
Brazil is to re-open its embassy in Baghdad this month 21 years after it was closed, Agencia Brasil, the Brazilian official news agency, reported on Tuesday. The country closed its embassy in Iraq in 1991 following the Iraq-Kuwait conflict, which put the diplomats in that country under risks. Even though for a long time there […]
UNDP and Shell Iraq Sign Partnership Agreement
The United Nations Development Programme (UNDP) and Shell Iraq have signed an agreement to implement a range of development projects in Southern Iraq. The four year partnership aims to increase the number of local area development activities, promote local small and medium enterprises and provide vocational training to respond to the private sector’s needs. “UNDP […]