KRG Representative Urges Greater Economic Partnership with US Companies
The Kurdistan Region in Iraq continues to grow and strengthen economically and remains a prime opportunity for investors to find a profitable home in the Middle East, Qubad Talabani (pictured), the KRG’s Representative to the United States, told investors in Manhattan yesterday. Addressing an audience at the 10th annual hedge fund symposium sponsored by Institutional […]
Iraq Insights: A Monthly Publication on Issues Affecting Private Sector Development
By T. Keyzom Ngodup, co-founder and Executive Director at Ideas sYnergy, 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 economic […]
Gas is Vital for the Future
By Chris Bowers, British Consul General in Erbil. This article was originally published by Rudaw, and is re-published with permission by Iraq Business News. Let me start by asking a question: why is gas less talked about than oil in Iraq? I am not sure why this is the case but it does seem to […]
Ban Ki-moon Calls for Iraq to Fulfil Pledges to Kuwait
United Nations Secretary-General Ban Ki-moon has encouraged the Iraqi Government to act quickly to fulfil its obligations to find Kuwaiti or third country nationals, property and archives lost in Saddam Hussein’s invasion of Kuwait more than 20 years ago. In his latest report to the Security Council on the subject, Mr. Ban says that the […]
Iran to Supply Iraq with Gasoil for Power Generation
Bloomberg reports that Iran has agreed to supply 1.5 million liters a day (9,400 barrels), of gasoil to Iraq over the next 12 months for power generation. Masaab Serri, spokesman for the Iraqi Electricity Ministry, said in an interview that the fuel will enable power plants to generate 250 megawatts, according to the agreement signed […]
Iraq and France Sign Deal to Develop Airports
According to a report from AKnews, Iraq has signed a preliminary deal with France for the development of Iraq’s airports. The French government has agreed to help with the construction of new buildings and the modernization of outdated equipment such as security scanners. A high-level delegation led by Transport Minister Hadi al-Amiri travelled to Paris […]
Korea Considers 80,000 Housing Units in Basra
The Chairman of Basra Investment Commission has called on Korean companies to study the city’s investment map and consider th opportunity to build 80,000 housing units in the city. The issue had been discussed in a meeting between Haider Ali Fadhel and Basra Governor, Khalaf Abdul-Samad, with the South-Korean Ambassador to Baghdad and his delegation […]
96 American Companies Seeking Investment Opportunities in Basra
A joint meeting was held on Wednesday between the American Chamber of Commerce and Basra's Investment Commission (BIC). Ninety-six American companies representing various sectors were in attendance to investigate investment opportunities in the province. The head of Basra's Investment Commission, Haidar Ali Fadhil, told Aswat al-Iraq that he outlined the investment opportunities for the American […]
Kalimat Offers Whole New Arena of Value Added Services in Q3 2011
Advertising Feature Kalimat, being a strong presence and a leader in Iraq in the 3 G and 4 G spectrum, is unveiling state‐of‐the‐art and novel services in the Iraqi market, which many more advanced countries are yet to launch. These services will enable Kalimat’s Iraqi subscribers, to do a lot more than just make calls […]
Iraq's Proposed New Labour Laws
When tacking the problems of unemployment and illegal work practices, Iraq has a difficult balancing act to achieve. On one hand, a civilised country cannot accept a situation where foreign labourers are tricked by traffickers to get them into the country illegally, and then told their pay will be a fraction of the minimum wage […]
Weekly Security Update for 23rd June 2011
Overall, levels of violence fell in Iraq over the past week, but the rate of weekly incidents has continued to fluctuate in recent months and the improvement is likely to be temporary. There have been three recent suicide attacks, targeting provincial government buildings and the police. Two of these attacks have taken place in the […]
Five Firms Shortlisted for West Qurna 2
Reuters reports that Iraq and its partners, Russia's LUKoil and Norway's Statoil, have shortlisted five companies to compete for the West Qurna Phase Two oilfield development contract. An Iraqi oil official who asked not to be identified said on Tuesday that the oil service companies selected are Saipem , SNC Lavalin Group Inc , Punj […]