Oslo Court Dismisses Claim for Investigation of DNO
The Oslo City Court yesterday fully dismissed a claim from Erik J. Frydenbø, a director in Petrolia ASA and a close associate of Berge Gerdt Larsen, demanding an investigation into the relationship between DNO International ASA's management and its largest shareholder RAK Petroleum PCL. The Court ruled in favour of DNO and awarded DNO compensation […]
Agriculture Ministry offers 5.7% of Iraq to Private Investors
Iraqi Ministry of Agriculture has completed a plan to make 10 million donums of agricultural land, equal to approximately 25,000 square kilometers, available for private investment. According to the report from AKnews, the land will be available in all Iraqi provinces, and represents about 5.7 percent of Iraq's total area. "The ministry is following high-level […]
Opportunities for Iraqis to Study in the United States
The U.S. Embassy in Baghdad has announced that it is now accepting applications for U.S. Government-sponsored exchange programs focused on developing leadership skills. The programs provide Iraqi students and professionals with the opportunity to travel to the United States to exchange ideas and build linkages with their American colleagues. These programs work to support the […]
Iraq's Trading Patterns: Changing Allegiances
By T. Keyzom Ngodup, co-founder and Executive Director at Ideas sYnergy www.ideas-sYnergy.net, an Iraq based private sector development consulting company. IRAQ INSIGHTS, published by Ideas sYnergy aims to consolidate and build intellectual capital on private sector development, empowering stakeholders to address issues of access and structural reforms on a diverse range of topics impacting inclusive […]
Lukoil About to Award Contracts at West Qurna 2
Dow Jones reports that Lukoil and its partners are about to award a feast of contracts to international engineering and construction companies as it moves full speed ahead with development of its supergiant West-Qurna Phase 2 in southern Iraq. The company is in the final stages of evaluating commercial and technical bids for contracts competing […]
Foreigners Invest in Iraq's Bourse, Expect Boom
According to a report from Reuters, with better regulation and the expected listing of the country's three main mobile phone firms, foreign investors are increasingly choosing Iraq's stock market as a lucrative investment. Iraq's bourse is still tiny in comparison with other regional or international stock markets, but a drop in violence since the peak […]
University of Dubai wins $500,000 Grant to Improve Iraqi Unis
The University of Dubai (UD) recently won a grant of $500,000 (Dh 1,836,500) for its proposal to help two Iraqi universities improve the quality of their business education. The grant, awarded to UD last week by the United States Agency for International Development (USAID), was created to improve the educational system in Iraq, with an […]
New Turkish Consul Promises Business
The new Turkish consul general to Basra, Faruk Kaymiski, promised on Sunday that he would urge more Turkish companies to invest in the oil-rich province of Basra. AKnews reports that Kaymiski, the successor of Ali Reza Ozcu, said that when the consulate was opened in 2007, its goal was to expand the economic and social […]
Largest ever UK Delegation to Kurdistan Region Visiting Erbil
The largest ever trade mission from the UK to the Kurdistan Region is taking place from 23 -28 October, focusing on the Erbil International Trade Fair. It is coordinated and led by the Middle East Association together with UK Trade & Investment and Invest Northern Ireland. The delegation is being accompanied by Meg Munn MP […]
Hermes Datacomms Appoints Iraq Country Manager
Hermes Datacomms Middle East, a key specialist providing Wide Area Network communications to the upstream oil and gas industry has appointed Saif Al-Azzawi as Country Manager of their Iraq operations, and Nigel Green as Head of Security and Operations for the Middle East. Al-Azzawi has worked in the telecommunications industry for the past 8 years. […]
Sadr Demands Resistance against the US Embassy in Baghdad
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. […]
Gulf Keystone Updates on Kurdistan Operations
Gulf Keystone provided an update on Monday on its ongoing exploration and appraisal programme for the Shaikan, Ber Bahr and Akri-Bijeel blocks in the Kurdistan Region of Iraq. Shaikan is a major discovery with independently audited gross oil-in-place volumes of between 4.9 billion barrels to 10.8 billion barrels calculated on the P90 to P10 basis […]