Key Telecoms Developments Discussed at Iraq Telecoms 2011
With over 30 speakers, 21 sponsors and 300 senior telecoms industry experts the CWC Iraq Telecoms 2011 conference took place between the 25-27 October 2011 and was an outstanding success. Held at the Ritz Carlton Istanbul the conference brought together the Iraqi Ministry of Communications, Iraqi Parliament, Kurdistan Ministry of Communications, Iraqi Media and Communications […]
Leighton Offshore Launches New Barge for Iraq Project
Leighton Offshore launched the newest edition to its fleet on Saturday, the Leighton MPV-1 cable lay vessel, at the Al Jazeera Port in Ras Al Khaimah. The MPV -1 will be used to scope the cable-laying of the first phase of $799 million Iraq Crude Oil Export Expansion Project (ICOEEP). The MPV-1 will also work […]
US Navy Delivers 6th Coastal Patrol Boat to Iraq
The U.S. Navy formally delivered the sixth 35-meter patrol boat (P-305) to the Iraqi Navy at the Umm Qasr naval facility in Iraq on Nov. 3, after the ship successfully completed reactivation in Bahrain, Oct. 23. The seamless reactivation enabled delivery to an Iraqi naval base one week ahead of schedule. "The team has once […]
Drive Square will Exhibit Driving Simulators in Basra
Drive Square, Inc. will showcase its driving simulation training system at the November 25-28 Basra Oil and Gas Conference and Exhibition in Iraq. Middle East distributor EMDS will represent Drive Square during the Conference. CEO and Founder of Drive Square, Konstantin Sizov, said EMDS, with its strong background in driver and security training, is the […]
The Iraq End Game: The Krauthammer Version
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. […]
GKP Jumps on Oil-in-Place Upgrade
Shares in Gulf Keystone Petroleum (AIM: GKP) jumped 6.4% on Tuesday following a major upgrade of the gross oil-in-place volumes for the Shaikan discovery in the Kurdistan Region of Iraq. The revised gross oil-in-place volumes for the Shaikan discovery, as calculated by Dynamic Global Advisors (DGA), independent Houston-based exploration consultants, are a P90 value of […]
Kuwait Energy Updates on Iraqi Operations
In its latest quarterly report, Kuwait Energy has issued an update on its Iraqi operations: The Iraqi Ministry of Oil announced its intention to offer 12 exploration blocks covering various locations in Iraq. Technical data for each block was made available for purchase in September 2011 along with a preliminary Exploration, Development and Production Service […]
Iranian Company to Develop Iraqi Railways
Iraq's Transport Ministry has agreed in principle to award the business to develop and maintain its damaged railway system to with 'Vadi Albar' company, reports AKnews. The agreement comes after extensive talks between the state-owned Railways Company and Vadi Albar in Iran about the revival of Iraq's railway system and the maintenance of 219 trains […]
Iraq Bourse Faces Challenge in Listing Telecom Firms
Foreign investors’ appetite for Iraq’s stock market is rising before planned IPOs by the country’s three mobile telephone operators, but the fledgling market’s small size means it may struggle to cope with the listings, according to a report from Gulf News. The Iraq Stock Exchange (ISX) is an outpost of private sector business in Iraq, […]
German Truck Maker MAN in $14m Iraq Venture
German truck and bus maker MAN has signed a $14 million [17 billion Iraqi dinar] deal with Iraqi firm Numoor Al-Bararry to manufacture commercial trucks in Baghdad, according to report from AKnews. Under the contract, the two companies will establish an assembly line and maintenance workshop, said Peter Mayr, managing director of Terramar Company, which […]
Foreign Companies to be 'Encouraged' to Hire Locals
The Iraqi government is to provide financial incentives for foreign companies to hire Iraqi workers, according to AKnews. The parliamentary committee for labor and services decided to reduce taxes and other 'not specified obligations' towards the Iraqi government, as well as to provide facilities to these companies. "The foreign companies can rely on their skilled […]
MP Reports Embezzlement in Najaf
There is a case of 'serious fraud' in a project intended for Najaf City, the Capital of Islamic Culture in 2012, an Iraqi MP has warned. Hussein Sharifi, a member of Tourism and Archeology Committee in parliament, told AKnews the case involved is the construction of a three-floor building for which 100 billion Iraqi dinars […]