Debt Crisis Hits ISX Inflows
Foreign net buying of ISX-listed shares has been waning since the middle of last year. After rising from about IQD 900 million for all of 2010, average weekly net buying by non-Iraqis rose to over IQD 4 billion in the first half of last year but then declined to about IQD 2.8 billion in the […]
Iraq Oil Income Jumped by 60% in 2011
Increased volumes and the higher price of crude oil pushed Iraq's income from oil sales up by nearly 60 percent in 2011 compared to the previous year, according to AFP. Oil ministry figures published on Monday showed that total exports of oil increased 15 percent to 790.5 million barrels of oil, or an average of […]
NIC Chair has Heavy Schedule of Meetings
The Chairman of the National Investment Commission, Sami al-Araji, has had a series of meetings in recent days with business and diplomatic representatives: met a group of Italian companies on 18th of January; met representatives of the Korean Trac company on 19th of January; met the Technical Committee of Al- Mustaqbal City on the 19th […]
US Warns on Travel to Iraq
The Department of State warns U.S. citizens against all but essential travel to Iraq given the dangerous security situation. Civilian air and road travel within Iraq remains dangerous. This Travel Warning replaces the Travel Warning dated September 13, 2011, to update information regarding the Government of Iraq's strict enforcement of immigration and customs regulations and […]
Iran’s Threat to Hormuz Strait; Iraq’s Diplomatic Opportunity
Iraq would be drastically affected should Iran block the Hormuz Strait. Most of the oil Iraq produces is exported via the Strait. The scenario is seeing Iraq, distinct because of its good relations with both the US and Iran, practice its new diplomacy again, according to this article from NIQASH. Any opinions expressed are those […]
Iraqi Dinar Increases in Value
Central Bank of Iraq announced that it revaluated the Iraqi Dinar by 3.4% relative to the US Dollar, according to a report from Al Sumaria. “During the daily auction of foreign currencies’ exchange, the Central Bank raised the value of Iraqi dinar against the dollar by 3.4%, or four Dinars,” the deputy governor of the […]
Supply and Delivery of Two Armored Ambulances
The United Nations Assistance Mission for Iraq (UNAMI) intends to solicit proposals for the provision of two B6 Level Armored Advanced Life Support (ALS) Ambulances to UNAMI including: a) Supply, delivery and commissioning of two B6 Level Armored ALS Ambulances. b) Supply of one year of fast moving spare-parts for each ambulance. c) Freight & […]
Supply Office Furniture & IT Equipment For Erbil Business Information Centre
The United Nations Office for Project Services (hereinafter"UNOPS") is pleased to invite you to submit quotation for supply of Office Furniture & IT Equipment for Erbil Business Information Centre. UNOPS would like to receive your quotation on or before 30 Jan 2012 via e-mail : [email protected] or fax : 00962 6 593 1249 to the […]
Supply Office Furniture & IT Equipment for Anbar Business Information Centre
The United Nations Office For Project Services (hereinafter "UNOPS") is pleased to invite you to submit a quotation for supply office furniture and IT equipment. UNOPS would like to receive your quotation on or before 30 Jan 2012 via e-mail : [email protected] or fax : 00962 6 593 1249 to the attention of Maan Hattab . […]
Gharraf to Start Production by Sept
Bloomberg reports that Malaysia's Petronas and the Japan Petroleum Exploration Co. (JAPEX) will start producing crude from the Gharraf oil field in southern Iraq by September. Sattar Mahdi, head of field development, said the field will initially produce about 35,000 barrels a day by the end of the third quarter, gradually increasing capacity to 230,000 […]
Gazprom Neft Starts Drilling Second Well at Badra
OAO Gazprom Neft started drilling a second appraisal well at the Badra oilfield, according to a report from Bloomberg. The Russian producer, which started drilling the first such well at Badra in November, expects to complete the second well in spring, and plans to approve the field development plant in February 2013. (Source: Bloomberg)
Salih to Hand Over to Nechirvan Barzani in KRG Cabinet Reshuffle
Prime Minister Barham Salih will hand over to former Prime Minister Nechirvan Barzani in a reshuffle of the Kurdistan Regional Government cabinet. The move is part of the strategic alliance between the Kurdistan Democratic Party (KDP) and the Patriotic Union of Kurdistan (PUK) which are in a coalition government. Under the agreement, Dr Salih was […]