Iraq Tenders for 100,000 Tonnes of Grain
The Grain Board of Iraq (Ministry of Trade) has announced a tender for the supply of 100,000 tonnes of grain. The deadline for bids is 10:00 am Baghdad time on 2nd February, and if the English version of the documents are correctly translated, interested parties must visit the Grain Board's offices in Baghdad. Please click […]
Changes to Ration Card System in Iraq
The Undersecretary of the Iraqi Trade Ministry has stated that a new mechanism has been adopted to address the crisis in the distribution of the ration card items, especially with regard to facilitating the contracting process between them and the importing companies. Walid al-Helo told AKnews that the Ministry will work to facilitate the process […]
Corporate sustainability in post-conflict Iraq
By Tariq Abdell, Iraq’s political risk analyst, and Founder & CEO, Mesopotamia Insight The opinions expressed here are those of the author, and do not necessarily reflect the views of Iraq Business News. Iraq’s impending multi-billion dollar mega-reconstruction projects (housing, roads, hospitals, bridges, airports, schools, dams, etc...) and its colossal and untapped natural resources - […]
Bad news for the central bank
Last week the federal supreme court ruled in favor of the government's request to have the Central Bank of Iraq (CBI), along with the Independent High Electoral Commission, the Integrity Commission, and the High Commission for Human Rights, put under the supervision of the cabinet. This is bad news for the central bank. Up to […]
Iraq: Branding the Nation
By Lisa Knight, Creative Director & Founder of The Brand Foundation. National branding is a vital strategic activity undertaken by governments worldwide, in emerging and established nations, the impact of which goes far beyond tourism -- it has the power to dramatically alter the economic landscape and attract major foreign investment, dramatically impacting the […]
Gulf Keystone Updates Kurdistan Operations
Gulf Keystone provided an update this morning on its active work program in Kurdistan. Sheikh Adi - 1 The Sheikh Adi-1 exploration well is currently at the 13.375 inch casing point at the bottom of the Cretaceous interval after side tracking around a section of the bottom hole assembly that had become stuck in the […]
Maaqal Port Receives Record Number of Ships
Southern Iraq's Maaqal Terminal port in Basra Province has received 288 ships in 2010, more than it did in any year since 1980, a Transport Ministry statement said. "The reason for such large number of ships, that was received by Maaqal Terminal in 2010, is due to the projects built as part of the reconstruction […]
Gulf Keystone - Ryder Scott Kurdistan Study Results
Gulf Keystone this morning announced the completion of an additional third party analysis of the gross oil in place resources resulting from the Shaikan-1 discovery well. The Company has previously reported gross oil in place resources, on a P90 to P10 basis, of 1.9 to 7.4 billion barrels with a mean value of 4.2 billion […]
Dubai's FiberPro in $1.5 bn Iraq Housing Deal
FiberPro Group, a Dubai-based contracting company with operations in the UAE, Cyprus and Greece, has clinched a multi-billion deal for the construction of 30,000 houses in Iraq. According to the report from the Financial Mirror, the Cypriot owners of the company, its Managing Director Fotis Athanassiou, and businessman Demetris Takoushis of Larnaca, are currently in […]
Heritage Oil Updates Corporate Presentation
Heritage Oil (LSE: HOIL), whose shares fell heavily on Wednesday following its descovery of a major gas field in Kurdistan, has updated it's corporate presentation. Please click here to download the full document.
New Housing Development Announced near Basra
Works are underway to build a 640-unit housing project in the Shatt al-Arab district at a total cost of 58 billion Iraqi dinars [$50m], according to a local source in Basra on Thursday. “The project envisages 640 housing units, on an area of 56 donums [14 hectares], and would take two and half years to […]
British Parliament Briefing Paper on Iraq
The British parliament has issued a briefing paper for MPs. Written by Ben Smith, the paper is entitled "Iraq at the creation of its new government". Please click here to download.