BurgerFuel Enters Iraq
BurgerFuel Worldwide, the New Zealand-based fast food company, has sold the Master License agreement for the rights to BurgerFuel Iraq. BurgerFuel chief executive for international markets, Chris Mason, who is based in Dubai, said: “We’re moving forward in our plans to establish BurgerFuel in the Middle East by adding Iraq to our other territories in […]
Another Batch of Security Ministry Nominees
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. The opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. […]
Iraq Mega Projects 2011 Conference Dates Announced
Following the success of the first Iraq Mega Projects conference last year, which offered access to high level decision-makers of Iraq's Mega Projects, CWC today announced dates for the second conference which takes place in Istanbul, Turkey on 18-20 October 2011. Major changes happened in 2010 with hundreds of contracts signed allowing work to begin […]
Two Security Firms Win Big Iraq Contracts
Two more security firms have won contracts worth hundreds of millions of dollars to build the State Department a private army in Iraq, according to a report from Wired's 'Danger Room'. Contractors Triple Canopy and newcomer Global Strategies Group will contribute to the State Department’s planned protection force of 5,500 contractors. In September, the State […]
Iraq Spent $450m on Postponed Summit
Iraq spent $450 million [540 billion Iraqi dinars] in preparation for the Arab League Summit, which has now been postponed for a year. The money was spent planting palm trees along highways, re-paving roads and restoring a palace of former dictator Saddam Hussein, according to a report from Reuters. Arab League Secretary-General Amr Moussa said […]
German Trade With Iraq Reaches New Highs
Business between Iraq and Germany has picked up dramatically and trade has reached levels not seen since the 2003 U.S.-led invasion, Germany's Economy Ministry said on Thursday, according to a report from Reuters. Trade volumes between the two countries grew by an annual 63 percent last year, surpassing 1 billion euro ($1.5 billion) for the […]
Karbala Traders Urge Britain to Facilitate Visas
Karbala Chamber of Commerce called on the British embassy to facilitate Iraqi merchants in getting visas to visit the UK, to increase trade between the two countries. Chairman of the Chamber, Nabeel Al-Anbary, told Aswat al-Iraq news agency that he had talks with the British ambassador and a number of international companies in Baghdad. "During […]
Iraq Probes Corruption in Military Deal
A member of Iraq's Integrity Committee, Aliya Nassif confirmed on Wednesday that the committee is investigating possible financial corruption in a deal by the previous government's Defense Ministry to buy military equipment from Serbia. Nassif told AKnews that the Ministry of Defense in the former government had contracted with Serbia to buy arms for the […]
High Costs Hamper Iraqi Telecoms
Telecommunications should be one of the hottest growth industries in Iraq, but according to a report from Reuters, providers have yet to introduce 3G technology into a market where the military jams mobile phone networks to stop insurgents detonating bombs. Poor infrastructure, high operating costs, conflicts between communications regulators and security problems are stunting development […]
KRG Oil Contractors to Get First Payment
The Kurdistan Regional Government (KRG) has received a written notice from the federal Ministry of Finance in Baghdad, confirming release of the first oil export payment to the KRG contractors, Prime Minister Barham Salih (pictured) announced today. The Prime Minister said, “This confirmation of payment to the KRG for the Region’s contractors amounts to around […]
Baghdad Arab League Summit Postponed to 2012
The Arab League meeting scheduled for May in Baghdad has been postponed until next year at the request of the Iraqi government, authorities said Thursday. Iraqi Foreign Minister Hoshyar Zebari and Arab League Secretary-General Amr Moussa "have agreed to the postponement of the Arab Summit," the Voices of Iraq news station reports. UPI reports that […]
Iraq Safe to Visit, says German Minister
German Foreign Minister Guido Westerwelle said on Wednesday that Iraq had been deemed safe enough for potential investors to visit, after meeting his Iraqi counterpart Hoshyar Zebari (pictured) in Berlin. While discouraging tourism to Iraq, the German Foreign Ministry updated its travel warning to say that non-touristic visits 'could be considered' if sufficient precautions were […]