Diwaniya Council to Close Zain Offices in Protest
According to a report from Iraq's National Media Centre, the provincial government in Diwaniya will close the regional offices of mobile phone operator Zain Telecom on Saturday, in solidarity with the campaign to boycott the company to pressure it to improve its services. The Chairman of the council's Committee on Transport and Communications complained about […]
Wheat and Barley Harvest Begins
The harvesting of wheat and barley crops has began in northern Iraq’s Kirkuk Province on Sunday, according to a report from Aswat al-Iraq. Kirkuk’s Agriculture Director, Mahdi Mubarak told Aswat al-Iraq news agency: “The campaign to harvest wheat and barley crops began in Kirkuk areas today [Sunday], May 15th, for the harvesting of more than […]
Iraq Buildex Exhibition 2012
Iraq’s rebuilding process has been the main focus of a massive number of local and international building and construction companies as well as contractors and sub-contractors. Tens of billions of dollars have been invested in housing projects, hospitals, schools and infrastructure in Iraq over the past years and Baghdad, being the capital city of Iraq, […]
Iraq has 200b Barrels Oil Reserves - Shahristani
Iraq’s Deputy Prime Minister for Energy Affairs, Hussein al-Shahristani, has said that Iraq has oil reserves of 200 billion barrels, according to Aswat al-Iraq. This would place Iraq in third place in the worldwide rankings of oil reserves. While the officially-announced oil reserves are 143 billion barrels, the report says that this does not include […]
Dana Gas Announces 180% Increase in Net Profit
Dana Gas PJSC, the Middle East’s largest regional private sector natural gas company, and which has operations in Kurdistan's Khor Mor, has announced its financial results for the quarter ended 31st March 2011, with a Net Profit after tax of AED 92 million, a 180% increase compared to the first quarter of 2010, and a […]
How the Iraqi Govt Can Help Iraqi Growers
By Ronald P Verdonk, Agricultural Counselor at the U.S. Embassy in Baghdad. In my last piece I made mention of a sizable irrigation equipment purchase by Iraq’s Ministry of Agriculture and underscored the role the private sector needs to play to contribute to the revitalization of the agricultural sector. In this edition of the blog, […]
Four Oil Wells Drilled at Halfaya
The consortium of Chinese, Malaysian and French companies working on the Halfaya oil field, 35 km east of Amara, in Maysan [Missan] province, have completed drilling four oil wells. Ali Altarfi, the media department of Missan Oil Company, told Aswat al-Iraq that, "the plan is to drill 300 wells in this gigantic oil field within […]
Parliament Approves Three Vice-Presidents
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. […]
New Conference on Mining Opportunities in Iraq
Iraq Mining 2011, a new international exhibition, conference and trade fair for the mining, mineral and material industries in Iraq, will be held from 7th to 8th September in the Royal Garden Hotel in London. THE AIM To facilitate constructive dialogue and exchanges between all the key players for rebuilding world-class mining, mineral and material […]
Acquirers unlikely to overpay for Iraqi banks
May 12 was the last day of trading for Mosul Bank (BMFI) ahead of its proposed merger with Union Bank (BUOI). The stock closed up 7% bringing its year-to-date gain to 29%. BUOI ended the day unchanged and is up only 12% year-to-date. While the deal is being described as a merger, it would in […]
SNC Lavalin Wins $13.5m Iraq Contract
Reuters reports that Iraq has signed a consultancy contract valued at around $13.5 million with Canada's SNC Lavalin Group (SNC.TO) for a strategic oil pipeline project. "Today we have signed a contract with an international consultancy company to execute an important and vital project, which is an oil export facility," Oil Minister Abdul-Kareem Luaibi said […]
Anti-Corruption Measure Sparks Constitutional Confusion in Iraq
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. […]