Path Solutions Implements Islamic Banking Solution at Cihan
Path Solutions has announced the successful go live of iMAL at Cihan Bank, Erbil. Cihan, the first privately owned bank in Kurdistan first partnered with Path Solutions in October 2009 on this multi-lingual, multi-currency and multi-channel implementation. Specifically in this deployment, Path Solutions implemented the following scope in line with the bank’s expectations: Retail Financing, […]
Harris Corp Wins $51m Iraqi Order
Harris Corporation (NYSE:HRS), an international communications and information technology company, has received a $51 million order from the Government of Iraq to provide high-performance tactical communication solutions for a range of security missions. Iraq is acquiring radios and accessories from both the Harris Falcon II and Falcon III families for its security forces. As part […]
Video: Rabee's Shwan Taha Interviewed
Shwan Taha, chairman of Rabee Securities, talks about foreign-investment opportunities in the Iraqi Stock Exchange. Taha speaks on Bloomberg Television's "InBusiness with Margaret Brennan." (Source: Bloomberg)
Iraq Invests $4m in Film Industry
As part of the celebrations for Baghdad being named as the capital of Arab culture for 2013, Iraq will invest 5 billion Iraqi dinars ($4.2 million) in its film industry, according to a report from Variety Arabia. Dr Shafiq Mahdi, the director general of the department of Cinema and Theatre, announced that the department has approved […]
Heritage Commences Drilling at Miran East-1
Heritage Oil has announced that it has commenced drilling the Miran East-1 exploration well in the Kurdistan Region of Iraq. Highlights The Miran East-1 exploration well has commenced drilling with a second rig on the Miran Block in Kurdistan This is the first well to be drilled on the large, highly prospective Miran East structure, […]
US Dept of State Engaging US Businesses on Iraq
The U.S. Department of State’s Office of Iraq Affairs has hosted a Doing Business in Iraq Workshop in Washington, D.C, where over 100 U.S. businesses interested in all sectors of the Iraqi economy registered. The workshop is part of a larger initiative that aims to engage, educate, and support U.S. businesses as well as provide […]
Iraq Approves Sale of Statoil Stake in West Qurna-2 to Lukoil
Platts reports that the Iraqi oil minister, Abdul Karim Luaibi [Elaibi], has approved the sale of Statoil's 18.75% stake in the giant West Qurna-2 oil field to the project operator, Russia's Lukoil. Meanwhile, Reuters reports that the Norwegian oil giant has confirmed that it is in talks to sell its stake to Lukoil. "Both Lukoil and […]
Italian Ambassadors Hope to Bolster Relations with Kurdistan
Italy's ambassador to Iraq and the director general for political and security affairs at the Italian Ministry of Foreign Affairs met President Masoud Barzani and government officials in a visit to the Kurdistan Region this week. Italy’s Ambassador to Iraq Gerardo Carante was joined by Ambassador Sandro De Berrnadrin in a visit that is part […]
Iraq Starts Exporting Oil from New Floating Facility
Reuters, citing two sources at the state-owned South Oil Company, reports that Iraq began loading oil from a long-awaited new floating Single Point Mooring (SPM) platform in the Gulf on Thursday. "We started the loading at 2:45 pm (1145 GMT). The loading process is normal. The situation of pipes and the SPM is stable, and […]
New Arabic-Language Website on Educational Opportunities in the US
The United States Embassy in Baghdad announces its new website in Arabic with information for Iraqis interested in studying in the United States. “Study in the USA” provides Iraqi students, teachers, and parents accurate information about U.S. universities and colleges, including information on how to find suitable universities, the application process, and scholarships available for […]
Wheat Tender
General Contracts Department /MOT announce a tender for purchasing the quantity of 50 000 MT +/- 5% in minimum of wheat from all origins (except romanian origin ) according to the specifications adopted by grain board of Iraq and the final quantity will be specified by the buyer. So for all bidders who are willing […]
Weekly Security Update for 8th March 2012
Levels of violence fell in Iraq last week, although the welcome trend was cut short on Sunday night. Militants wearing security force uniforms shot dead at least 27 police officers in a well-planned attack in Haditha. Not including this total, at least 36 people were killed and 41 injured in nationwide incidents last week. February […]