Sharing the Oil Money: How Federalism Could Save Iraq
Sharing the Oil Money: How Federalism Could Save Iraq from another Saddam Hussein Iraq’s oil revenues are currently distributed in a way that sets the financial foundation for a new dictatorship, according to this report from Niqash, in which an economist explains how federalism, a better tax system and the national oil and gas law […]
The Foremost Oil & Gas Event in Iraq
2nd BASRA OIL & GAS 25- 28 November 2011 Basra International Fair Ground, Al Maqal Port / Basra, IRAQ 19 SPONSORS, 470 PARTICIPANT COMPANIES… THE FOREMOST OIL & GAS EVENT IN IRAQ! 2nd Basra Oil & Gas has exceeded all expectations and has proven it is going to be a much bigger success compared […]
US Deputy Secretary of State Video on Iraqi Business
U.S. Deputy Secretary of State Nides' Statement at the 38th Baghdad International Trade Fair
IFC to Inject $800m into Iraqi Private Sector
The World Bank’s investment arm plans to pump about $800 million into Iraq’s energy and banking industries over the next three years to help boost development in the private sector, a senior official said on Wednesday. Reuters reports that Rashad Kaldany, vice president of the International Finance Corporation, said between $300 million and $500 million […]
RAK/DNO Merger On Track Following EGMs
RAK Petroleum and DNO International announced today [Thursday] that both companies’ shareholders have now approved the merger and the transaction is on schedule to close in early 2012. RAK Petroleum shareholders voted overwhelmingly in favour of the merger at a specially convened meeting in Ras Al Khaimah, UAE, after DNO shareholders voted in favour with […]
Two Contracts Agreed for Electrical Transformers
Bloomberg reports that the United Transformers Electric Company of Saudi Arabia, and the Turkish unit of Siemens AG, have signed contracts to supply transformers to Iraq. United Transformers (UTEC) will provide 1,250 units with a total capacity of 400 kilovolts for $11.6 million, while Siemens Turkey will provide another 1,250 with a total capacity of […]
Aberdeen Business Seminar will Focus on Iraq Investment Opportunities
Aberdeen companies looking to the Iraq energy sector for business opportunities are invited to sign up for a free seminar hosted by the City Council. The Opportunity Iraq Seminar on Thursday, 17 November will be hosted by the council's International Trade and Investment team and will be led by Iraq market experts, Upper Quartile. Speakers […]
British Iraqi Friendship Society Gala Dinner
The British Iraqi Friendship Society are celebrating their third annual Gala Dinner and charity auction on Thursday 24th November. The dinner is to be held in the Palace Suite at The Royal Garden Hotel. The event will commence from 7:00 for 7:30pm. Cost per head will be £120 inc VAT. Tables of 10-12 are available. […]
Iraq: Untapped Opportunities
The Middle East Association, supported by the National Investment Commission of Iraq, UK Trade & Investment and Allurentis, is pleased to announce the 2011 Iraq Trade and Investment Conference, “Iraq: Untapped Opportunities”. This event is kindly sponsored by Parsons Brinckerhoff, Shell and Mott MacDonald, and will take place at London’s Dorchester Hotel on 22nd November. […]
Troops Moving Out, Investment Moving In
U.S. troops have begun the first wave of their final withdrawal from Iraq, and are on schedule for a complete pull-out by the end of the year. It marks the end of a long military engagement in Iraq, at one time involving 176,000 military personnel in the country. They leave behind them a very different […]
Solution Reported over Hydrocarbon Law
In the ongoing conflict between the Kurdistan Regional Government (KRG) and the federal government in Baghdad over the proposed new oil and gas law, both sides agreed to adopt the draft law that had been presented in February, reports AKnews, citing Ghadhban Fadel, head of the advisers committee in the federal government. The announcement is […]
$21bn for Housing Project in Baghdad
The Iraqi government has decided to allocate $21 billion USD (25 trillion IQD) to implement the Rashid Housing project. AKnews reports that the preliminary negotiations with the UAE-based contractor, Maabar, are completed, and the final contract will be signed by the end of 2011. Rashid Barracks in Baghdad were used by the former Iraqi army […]