Arab League Delays Summit on Regional Unrest
The Arab League announced on Wednesday that its members have agreed to postpone its summit, scheduled for May 11 in Baghdad, amid disputes over the venue and popular unrest rocking the region. Arab foreign ministers will meet on May 15 to set a new date, Egypt's state news agency MENA quoted the deputy secretary-general of […]
Basra Elects New Governor
AFP reports that Iraq's southern province of Basra chose a new governor on Tuesday, replacing a predecessor who quit in February amid protests against official incompetence. Khalaf Abdel Samad, with 19 votes from provincial councillors, was elected governor, and Jabar Jabar Amin, who won 14, was reappointed chairman of the provincial council. Both belong to […]
Renault Appoints UTAC as Official Distributor in Iraq
Renault GCC has announced that United Trading Automobile Company (UTAC), a new joint venture company formed by Mr. Khalil Abdel-Wahab Al Bunnia and partners has been appointed as the official distributor of Renault passenger cars and light commercial vehicles in Iraq. The joint venture partnership is formed from a tight triangular partnership between Al Bunnia […]
Bashmakh Border Crossing 'Closed Until Friday'
The director general of the Bashmakh border crossing in Kurdistan said the crossing will be closed down until Friday following a request by the Islamic Republic of Iran. Some Kurdish news websites reported that the border between Kurdistan and Iran will be closed due to a visit by Iranian President Mahmoud Ahmadinejad to Kurdistan. Mohammed […]
Redenomination and the Spinal Tap fallacy
Fans of the “rockumentary” This is Spinal Tap will recall the scene where the band’s guitarist explains that his amplifiers are louder because their volume knobs “go to eleven.” When asked why this is different from having ten as the highest setting, he simply repeats “these go to eleven.” Most of us have no trouble […]
Iraq to Spend $9m on Rail Carriages
The Iraqi Transport Ministry announced on Tuesday that it has reached agreement with Turkey to import modern train carriages costing about $9 million [11 billion Iraqi dinars]. The carriages currently used by Iraqi Railways to transport goods and passengers are old and unable to meet the requirements of commercial transport with the regional countries, according […]
Anbar Gets $125m in Border Receipts
Al-Anbar received 150 billion Iraqi Dinars [$125 million] in revenues from its border crossings in the year 2010, according to the chairman of provincial council’s investment commission. “The sum of 150 billion dinars was received in returns from the three border outlets of Turaybeel [Tirbil, Tarbiel] (pictured), al-Tanaf and Arrar for 2010 and was transferred […]
Iraq-Japan talks to Develop Bilateral Relations
The Iraqi Parliament’s Foreign Relations Committee has met with the Japanese Charge d’affaires in Baghdad on Monday, to discuss developing bilateral relations between the two countries. “The Parliament’s Foreign Relations Committee received the Japanese Charge d’affaires, Katsuhiko Takahashi, with whom it discussed the bilateral relations between both countries and means to develop them and to […]
Karbala Oil Storage to be Completed March 2012
The Chairman of the Committee for future projects in the governorate of Karbala, Hani Abboud, said in a statement to the press section of the National Media Center that the project to build an oil storage facility in Karbala [Kerbala] will be completed by March 2012. He said the project is being built on a […]
Armenian Ambassador Visits BIC
The Armenian ambassador, Murad Muradian, visited the Basra Investment Commission (BIC) and discussed investment in Basra. He said that," we are willing to invest in Basra for it represents Iraq's most important city and its only port as well as its stable security and economical situation". He also revealed a plan to provide Iraq with […]
ShaMaran Chairman Gives Interview
Following its announcement of a major oil find in Iraqi Kurdistan last week, ShaMaran Petroleum's Chairman, Keith Hill has given an interview to the Canadian Business News Network (BNN). Please click here to see the full interview.
New NIC Guidelines for Foreign Workers in Iraq
The National Investment Commission in Iraq has decided new regulations to decrease the use of foreign labor in Iraq, with the intention of providing more jobs for unemployed Iraqis. The following points were released by the NIC on Tuesday to clarify those regulations: The investor shall decide in advance the rate of the work force […]