Video: Dealing in Dinar
According to Kansas-based NBC affiliate KSN, many servicemen and contractors have been persuaded to buy Iraqi dinars as an investment during their tours of duty in Iraq. Please click here to see the full video report: (Source: KSN)
Iraq Stock Market Report
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 16th February 2012). Please click here to download a table of listed companies and their associated ticker codes. ID1,347 / $1,478, +2.0% (weekly change). The number of weekly traded shares was 6.0 bn and the weekly trading volume was ID10.1bn ($8.5mn). ISX Company […]
Iraq Offers Pakistan Oil on Credit
Iraq has reportedly offered to supply oil to Pakistan with a long-term deferred payment facility. A Special Assistant to the Prime Minister said that a delegation would go to Iraq to negotiate a deal. “Oil refineries in Pakistan are designed to refine low sulphur oil [so] new refineries would be required to process Iraqi oil,” […]
Joint Air Cargo Venture Between Dubai and Erbil
UAE-based Starlight Airlines, the largest cargo operator to and out of Iraq, has entered into an agreement with Emirates SkyCargo to launch cargo operations between its Sharjah hub and Erbil in the Kurdistan region of Iraq. Under the agreement, the service operates a Boeing 777 freighter to Erbil, twice a week initially, possibly increasing to […]
Ambassador Encourages Dutch Companies to do Business in Kurdistan
The Dutch Ambassador to Iraq, Jeroen Roodenburg [Gurion Rodnberk] announced on Wednesday that authorities in the Netherlands would encourage Dutch companies to invest in Kurdistan Region. “Dutch companies have good experience in the fields of sports, buildings stadiums, water systems, and industry” said the ambassador. “We will try to get Dutch companies come here and do […]
Syria, Iraq Discuss Cooperation in Oil and Gas
Iraq's Oil Minister, Abdul Kareem Luaibi [Elaibi], has held talks with his Syrian counterpart Sufian Allaw (pictured), according to the Syrian official SANA news agency. The talks focused on reopening the old Iraqi oil pipeline and enhancing cooperation between the two ministries. The two sides also discussed the possibility of benefiting from the gas available […]
150 Foreign Companies Pursued over Oil-for-Food Program
Fadel Mohammed, legal adviser to Prime Minister Nouri al-Maliki, has said that the Iraqi government is currently pursuing more than 150 foreign companies accused of corruption in the UN's Oil-for-Food program. AKnews reports that the government is determined to bring these companies to justice, adding that there are several other companies under investigation. The Oil-for-Food […]
WesternZagros Strikes Oil in Kurdistan
WesternZagros Resources has made an oil discovery in the Upper Fars Formation at the Mil Qasim-1 exploration well in the Kurdistan Region of Iraq. Mil Qasim-1 Discovery Well (Garmian Block) Lower Bakhtiari and Upper Fars Formations Mil Qasim-1 was drilled to a total depth of 2,425 metres in December 2011 ahead of time and on […]
IBN's New Events Page - Promoting Your Show to the World!
In Iraq, as elsewhere, trade fairs, exhibitions and conferences are a very important way of communicating with potential customers and suppliers. Meeting your future trading partners face-to-face is always a valuable experience, and these organised events offer a very efficient means of achieving this in terms of time and cost. To help you plan your […]
Seymour Pierce tips Kurdistan as Key Oil and Gas Region
Kurdistan, along with East Africa and the North Sea, has been identified by an analyst at brokerage Seymour Pierce as a key oil and gas region that is likely to see significant positive momentum this year. Dr Doug Youngson initiated coverage on eleven stocks and picked the three places as his ‘Top Regions’. In Kurdistan, […]
Iraqi Deputy PM Opposes ‘Threats’ Against Oil Companies
The Iraqi Deputy Prime Minister for Economic Affairs, Rosh Shaways [Rowsch Shaways], has asked government officials to stop threatening oil companies that are operating in Iraqi Kurdistan, according to Bloomberg. “These statements will give a negative picture to investors and violate the state’s public policy of opening the economy and promoting investments in all fields,” […]
Leighton may be Expelled from Iraq
Iraq has threatened to expel Leighton Holdings from the country’s lucrative oil and gas fields, following the company's announcement on Monday of an investigation into possible corruption. The deputy head of the Iraqi Oil Ministry’s petroleum contracts and licensing directorate, Sabah Al-Saidi, told The Australian Financial Review he was shocked by claims that Leighton Holdings […]