Kurdistan Quadruples New Year Tourism
More than 40,000 tourists entered Iraqi Kurdistan Region for the New Year celebrations, roughly four times as many as the previous record, AKnews reports. The press secretary for the Kurdistan General Tourism Board, Nadr Rosti, told the news agency that in 2011 more than 10,000 tourists visited Kurdistan during the New Year. But in the […]
UAE’s Piling Tech wins $10m West Qurna-2 Contract
Piling Tech, a subsidiary of the UAE-based business conglomerate Tech Group, said that it has won its first oil sector contract in Iraq, valued at $10 million. Under the terms of the agreement, Piling Tech will be involved in the installation of piles, foundations and wells for the West Qurna-2 oil field in southern Iraq. […]
Central Bank Defends Weak Iraqi Dinar
Iraq's Central Bank says it will not allow the Iraqi dinar to depreciate and has been selling hundreds of millions of dollars to keep the currency stable, according to a report from Azzaman. The dinar weakened in December, prompting the bank to sell dollars in a bid to withdraw cash from Iraqi markets. The bank […]
Erbil to Host 10 Int'l Expos in 2012
AKnews reports that there will be fewer international expos in Erbil this year. . Latif Aref, head of Erbil International Fair, told AKnews that in the previous year 13 international expos were held in Erbil, while only 10 are planned for 2012. An expo will be organized every month except for July and August, because […]
Nabucco 'of Great Importance for Iraq'
Iraqi Foreign Minister Hoshyar Zebari has told the Trend news agency that his country was keen on taking part in the planned Nabucco natural gas pipeline. "Iraq is able to propose its resources for this strategic project, which is of great importance for the country," he was quoted as saying. UPI reports that Europe aims […]
Iraq in 2011: Protests, Political Problems and Farewell to the US
Another year in Iraq, another slew of tragic suicide bombings and jarring political crises. On the other hand, locals welcomed what economic progress they saw as well as the chance to become masters of their own political destiny, post-US-withdrawal, according to this article from NIQASH. Any opinions expressed are those of the author, and do […]
Investment Opportunity: Karbala Monorail
Iraq's National Investment Commission (NIC) announced on Monday the details of the new Kerbala Monorail, and invited interested parties to contact them: Length of the line (18 KM) Project Type (Monorail) - High Concrete mono rail of two ways known locally as Kerbala Monorail. Number of stations (20) the distance between each station and another […]
Iraq to Buy 3 More Ships from South Korea
Iraq's Transport Ministry said on Monday that it had agreed with the South Korean Doosan company to buy three 17,000 tonne vessels at a cost of $73 million (85 billion IQD), according to AKnews. Samir al-Karkhi, director of Marine Shipping Company, told the news agency that the Ministry of Transport is making efforts to restore […]
2012 MEPI Student Leaders Program
The U.S. Embassy in Baghdad is pleased to announce that applications are currently being accepted for the 2012 MEPI Student Leaders Program. The program, which is funded by the U.S. Department of State and supports the goals of the U.S.-Iraq Strategic Framework Agreement, provides opportunities to Iraqi undergraduate students to develop leadership skills and promote […]
Bremerian Miscalculations at the End of a Long War
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. […]
مشاكل الزراعة في العراق.... متى تنتهي؟
مشاكل الزراعة في العراق.... متى تنتهي؟ (ملاحظات في بناء إستراتيجية ناجحة للنهوض بواقع القطاع الزراعي) د. سمير حسن ليلو خبير- باحث علمي e- mail: [email protected] 28-12-2011 منذ تأسيس الدولة العراقية الحديثة عام (1921) والحكومات المتعاقبة تضع في أولوياتها تطوير القطاع الزراعي أنطاقاً من إدراكها لأهمية هذا القطاع في النهوض بالاقتصاد المستدام وتقدم البلاد، لكن لم […]
Al-Ahdab Oilfield Three-Years Ahead Of Schedule
Capacity at Al-Ahdab oilfield reached 120,000 bpd on Friday, three years ahead of schedule, according to Reuters. The one-billion barrel field in Wassit Province, central Iraq, is being developed by Chinese firm CNPC. The firm started production at 60,000 bpd in summer, six months ahead of schedule and it has doubled it far faster than […]