'Walk for Iraq' Charity Dinner Cruise on Thames
Dear all, the wait is finally over and we can 100% confirm the launch of the Walk for Iraq “Empowering the Widows of Mesopotamia” Charity Cruise Event. We are celebrating our successful 23km walk that took place on 10th September 2011 by 53 dedicated, young individuals and this event is too help us all meet […]
ExxonMobil-KRG deal: A puzzling move at a critical time
By Ahmed Mousa Jiyad. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. The news of ExxonMobil’s venture by signing 6-blocks PSCs with KRG could have very serious ramifications as the move is rather puzzling, it occurred and became known at critical time, and consequently […]
Iraqi Dinars "One of the Most Foolhardy Investments you can Make"
A local newspaper in Georgia, USA, reports that some local residents are buying Iraqi dinars in cash form, in the hope of profiting from a revaluation of the currency. According to the Moultrie Observer, people are buying boxes of crisp Iraqi dinars that look fresh off the printing press. It goes on to quote a […]
ExxonMobil's Kurdistan Gamble
An adviser to the Resources Minister of the Kurdistan Regional Government (KRG) confirmed on Friday that ExxonMobil has signed agreements to explore for oil and gas in six blocks in Iraqi Kurdistan, according to Dow Jones. This is big news, as the Baghdad government has previously excluded companies operating in the Kurdish region from oil contracts […]
China's Huawei Wins Najaf Phone Contract
AKnews reports that Chinese company Huawei has won the contract to extend landline phone services to Najaf province, Mohammed Ayed al-Moussawi, chairman of the provincial council's services commission, said the service will be world-class and the project will cost $40 million [48 billion Iraqi dinars]. The Ministry of Communications announced in January that two million […]
More Profits For Iraq’s Strawberry Farmers Thanks To USAID
Business is flourishing for some of Iraq’s strawberry farmers thanks to higher-yield varieties and new growing techniques provided by the U.S. government through the United States Agency for International Development (USAID). The success of this program is an example of U.S.-Iraqi cooperation, under the auspices of the Strategic Framework Agreement, to support domestic agricultural production […]
LG Electronics Participates in Erbil International Fair
LG Electronics has participated in the 7th edition of the Erbil International Fair, which was held from the 24th until the 27th of October, in the presence of 950 participating companies from 25 countries around the world. LG was one of the Fair's biggest participants, where its sales team showcased a series of products covering […]
Barham Salih meets US VP Biden at White House
With the debate about the U.S. troop presence in Iraq seemingly out of the way, the Prime Minister of the Kurdistan Region of Iraq Barham Salih urged the Vice President of the United States Joseph P. Biden to deploy the broad array of diplomatic and economic tools necessary to ensure that the stability and prosperity […]
ShaMaran Increases Private Fundraising
ShaMaran Petroleum Corporation reports that it has increased the $50 million private placement previously announced on October 25, 2011 to $51 million. The Company will now sell on a non-brokered, private placement basis an aggregate of up to 127.5 million common shares of the Company at a price of $0.40 per common share for gross […]
Niqash Interviews Iraq’s Reconciliation Minister
Iraq’s National Reconciliation Minister Amir al-Khuzaei talks to NIQASH about why his job may be redundant once the US leaves, how armed militias will join the political process and the Libyan connection with Saddam Hussein’s followers. Any opinions expressed are those of the author and interviewee, and do not necessarily reflect the views of Iraq Business News. […]
President Barzani meets Belgian and EU Officials
President Masoud Barzani this week in Brussels met Belgium’s Foreign Minister Steven Vanackere. He also met European Union officials to discuss expanding relations with its member states. President Barzani encouraged Foreign Minister Vanackere to move Belgium’s Embassy from Amman to Baghdad and to consider opening a consulate in Erbil. Mr Vanackere commended the political and […]
Iraq SPE Workshop: Field Development, Synergies and Optimisation
Society of Petroleum Engineers (SPE) Iraq Workshop Few years have passed since the Iraq hydrocarbon market emerged to take an active role in the global energy market; growing fast with many different types of technical and logistical challenges but offering rewarding fruit. Our first SPE Iraq workshop aims to bridge the gap between the present […]