UN Launches Findings of Iraq Knowledge Network Survey
Under the patronage of His Excellency the Prime Minister of Iraq, the Ministry of Planning lunched findings of Iraq Knowledge Network (IKN) survey. The Deputy Minister of Planning and Head of Iraq’s Central Statistics Organization, Dr. Mehdi Al-Alak, and the Deputy Special Representative of the United Nations Secretary-General and Resident & Humanitarian Coordinator for Iraq, […]
Kurdistan Investment Board Chairman's Speech in London
Speech by KRG Minister Herish Muharam, Chairman of the Kurdistan Investment Board, to “Iraq – Untapped Opportunities” Conference in London. Ladies and Gentlemen, I’m very pleased to participate in this important conference on the untapped opportunities in Iraq. As the Chairman of the Kurdistan Board of Investment, it’s my pleasure to be speaking to you, […]
Iraqi Govt Considers Further Gas Capture Projects
Following the signing of the gas deal with Shell and Mitsubishi, the Iraqi Oil Ministry is considering exploiting flared gas at other oilfields, including in Missan [Maysan]. The Minister of Oil, Abdul Karim Luaibi [Abdul-Kareem Elaibi] told AKnews that the Iraqi government is considering projects similar to the Basra Gas Company. It is noteworthy that […]
Japan Wants to Develop Iraqi Oil Fields
According to a report from Tokyo Times, Japan's Minister for Economy, Trade and Industry, Yukio Edano (pictured), has told Nuri al-Maliki of Japans’s desire to work on the development of Iraqi oil fields. It was reported that a Japanese consortium led by Nippon Oil had been optimistic about securing the right to develop the Nasiriyah oil […]
Iraq to Import 3m Tons of Wheat in 2012
Bloomberg reports that Iraq plans to import 3 million metric tons of wheat in 2012, with tenders starting in January. Hassan Ibrahim, director general of the country’s grain board, said in an interview that the grain board wants $3 billion to spend on grain imports next year, up 10 percent on the 2011 figure. Iraq […]
Iraqi-Emirati Trade Reaches $6.5bn
AKnews reports that trade between the United Arab Emirates (UAE) and Iraq trade was worth $6.5 billion USD (7,500 billion IQD), up from $5 billion USD (6,000 billion IQD) in 2009 according to Iraqi Government figures. The two countries hope to continue this trend and increase trade to $7 billion USD (8,000 billion IQD) at […]
Oil Fields on Iraq-Kuwait Border Await Demarcation
The Oil and Energy committee of Iraq's Council of Representatives announced on Sunday that there are 10 oil fields stradling the Iraqi-Kuwaiti border that are waiting to be demarcated, according to AKnews. Committee member Furat al-Sharei told the agency that the oil will be extracted from these fields after finding joint mechanisms between the countries. […]
New Bloomberg Video on Investment in Iraq
Bloomberg presents a news article on investment in Iraq: (Source: Bloomberg)
Iraq Oil Exports Up in November
Iraq's oil exports averaged 2.135 million barrels per day in November compared with 2.088 million bpd in October, according to Falah Alamri, head of the State Oil Marketing Organisation (Somo). Iraq exported 1.712 million bpd from the southern oil hub of Basra and 423,000 bpd from the northern oilfields around Kirkuk, including 10,000 bpd shipped […]
Work Starts on Best Western's Two Iraq Hotels
Construction has started on Best Western’s first two hotels in Iraq which will operate under the Best Western Premier brand in Erbil, the capital of Iraqi Kurdistan, reports Hotelier Middle East. The 82-room Best Western Premier Erbil Airport will be the first to open in 2013, located near to the recently-opened Erbil International Airport. This […]
Duhok Opens $11m Conference Centre
A new $11 million USD (13 billion IQD) conference hall was opened last week in Duhok city, according to AKnews. Bayar Ramzi, director for Cultural Center of Duhok University, told the agency that the design of the conference center was selected by the president of Duhok University for its modern lines. The conference center, intended […]
GE to Help Iraq in Healthcare Infrastructure
GE Healthcare, the healthcare business of GE (NYSE: GE), showcased its range of advanced healthcare technologies that will enable Iraq to develop a modern healthcare infrastructure, at the 38th Baghdad International Trade Fair held recently. GE Healthcare participated in the exhibition themed ‘Construction New Investment in the New Iraq’ as part of the USA Pavilion. […]