US Embassy Warns of Travel Restrictions during Baghdad Summit
The U.S. Embassy wishes to inform U.S. citizens living and working in Iraq that the Government of Iraq will host the Arab League Summit in Baghdad March 27-29, 2012. During this period, the Government of Iraq may take extraordinary security precautions which could have a significant impact on travel throughout Baghdad. The Embassy recommends that […]
Kurdistan Oil Shares Lower on Miran West-3 Update
Shares in Heritage Oil have fallen more than 10% in the past two days following its announcement that drilling at Miran West-3 in Iraqi Kurdistan in taking longer than expected. The company owns 75% of the block, with Genel Energy owning 25%. Shares in Genel have shed 14% since Friday's close. CEO Tony Hayward commented: […]
Tutor Perini wins $55m Contract for Blast Protection
Tutor Perini Corporation (NYSE: TPC), a leading civil and building construction company, has announced that its subsidiary, Perini Management Services, Inc. (PMSI), has been awarded a task order valued at $55 million by the U.S. Army Corps of Engineers (USACE) Middle East District. The task order was competitively bid under the multi-year USACE MATOC program […]
FDC Launches Service Center in Iraq
FDC, one of the largest Value Added Distributors (VADs) of IT products in the Middle East, has officially opened its first service center in Iraq. The launch of such a service center in Iraq has been much anticipated. Customers can now invest in their IT components and laptops with the peace of mind that the […]
Iran Sanctions Affect Iraqi Tourism Industry
Normally thousands of Iranian tourists arrive in Karbala daily. But as Western sanctions on Iran hit, pilgrims are staying at home. And the ones that do come are not shopping. Karbala’s merchants say they’re facing financial ruin, according to this article from NIQASH. Any opinions expressed are those of the author, and do not necessarily […]
Signs of Progress for Women in Kurdistan
By Chris Bowers, British Consul General in Erbil. This article was originally published by Rudaw, and is re-published with permission by Iraq Business News. Can any government reach its full potential without using its entire people? Of course not. That is why the UK worldwide considers the role of women to be so important. A […]
Strengthening Partnership Between TVET & Private Sector
United Nations Educational, Science and Cultural Organization (UNESCO) hereby invite qualified companies to submit sealed tenders as follows: • facilitate the establishment of partnerships between private companies and firms working in selected economical sectors and the TVET sector: formalizing the processes of collaboration in a formal framework; identifying the incentives to motivate the private sector […]
Establishment of Fallujah Maternity and Children Hospital
Request for Proposal for Implementation of a Community Awareness Campaign for Establishment of Fallujah Maternity and Children Hospital in Fallujah, Iraq The Government of Japan (GoJ) within the framework of the cooperation programme with the Government of Iraq (GoI) and in its ongoing efforts aiming at assisting Anbar Governorate to reinstate its health services and […]
Dunia Weekly Iraq Market Tracker
Advertising Feature Iraq Business News is delighted to bring you the latest Iraq Market Tracker report from Dunia Frontier Consultants. The market tracker highlights the activities and market performance of a basket of publicly traded firms who derive a significant percentage of their revenues from operations in Iraq, but are traded on foreign exchanges: a […]
Attacking the Police
A series of night time raids starting late on Sunday killed at least 27 police officers in the Anbar town of Hadithah. The police continue to suffer regular attacks but this latest incident appears particularly brutal. In the month of February official sources report that at least 39 policemen were killed at the hands of […]
Warka Bank placed under 'Guardianship'
Iraq's central bank has reportedly placed private bank Warka Bank under guardianship to supervise it through insolvency. Warka Bank had been in talks with Standard Chartered Plc to sell a stake last year, but they were not successful. According to the report from Reuters, Mudher Kasim, deputy governor of the central Bank of Iraq, said: […]
A.T. Kearney Expects Middle Eastern Refining Industry to Thrive
Louis Besland, Partner at A.T. Kearney, a global management consulting firm recently participated in an interview with the World Refining Association (WRA) to discuss the current challenges and future opportunities faced by the refining industry. The oil and gas downstream industry in the Gulf has a bright future. Currently though, with the exception of Oman […]