Iraq's Inflation Falls in November
Iraq's core annual inflation slipped to 3.1 percent in November from 3.2 percent in October and is likely to be at a similar level in December, a central bank official said on Tuesday. Reuters reports that Mudher Kasim, a senior adviser at the Central Bank of Iraq, said inflation was driven mainly by higher housing, […]
Parliament Approves the Second Maliki Government
The following article was published on Tuesday 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 in full with the author's permission. The opinions expressed are those of the author, and do not necessarily reflect the views […]
DNO's Kurdistan Output Dips in November
DNO reports a working interest (WI) production of 9,883 bopd in November. The November net entitlement production was 6,355 bopd at an average realized oil price of USD 62 per barrel. As the local sales from the Tawke field recommenced in the beginning of December, the Company expects a WI production of around 20,000 bopd […]
World Bank Allocates $90m to Housing in Iraq
Aswat al-Iraq reports that projects financed by a US$90 million credit line from the World Bank have been implemented in Iraq. The projects include the construction of several roads in southern Iraq’s Wassit and Najaf Provinces, construction and rehabilitation of 10 main roads and 4 bridges in western Iraq’s Babel and southern Iraq’s Muthanna provinces. […]
UNOPS Tender for Iraq Business Survey
UNOPS, the United Nations agency assisting UN organizations, international financial institutions, governments and non-governmental organizations, in the areas of 'peacebuilding', humanitarian and development operations, has issued a tender to conduct a survey of micro-, small- and medium-sized businesses in Iraq. Proposals must be received by UNOPS on or before 30 December 2010, at 10.00am Amman, […]
Next Steps for Iraq and Afghanistan
The following article was published by STRATFOR Global Intelligence. It is reproduced here in full with their permission. The opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. With Iraqi Prime Minister Nouri al-Maliki and al-Iraqiya List leader Iyad Allawi meeting in Baghdad Tuesday night, a […]
Iraq's new cabinet: economic recovery and the oil challenges
By Tariq Abdell, Founder & Chairman, Mesopotamia Insight. The opinions expressed here are those of the author, and do not necessarily reflect the views of Iraq Business News. The unanimous approval of the new Iraqi government by the Iraqi lawmakers, to be led by the incumbent premier al-Maliki, is long-awaited news - ending nine tumultuous months […]
$245m Deal for Iraq's Camp Bucca
Camp Bucca, the sprawling former prison once run by the U.S. military in southern Iraq, will be turned into a commercial center with offices, warehouses, aviation and fuel services to support investors, Associated Press reports. Haider Ali Fadhil, the head of Basra Investment Commission, said the $245 million-deal with the Iraqi Kufan Group and the […]
Who's Who in the New Iraqi Cabinet
The following profiles of the top ministers ihttps://www.iraq-businessnews.com/wp-admin/post.php?post=14895&action=edit&message=10n the new Iraqi cabinet are based on information from Reuters and Associated Press: -Prime Minister: Nouri al-Maliki, Shiite, the current premier. Al-Maliki, 60, was first installed as prime minister as a compromise candidate in 2006 but barely hung onto the job this year when his political coalition […]
Iraq Parliament to Approve Cabinet on Tuesday
The Speaker of Iraq's parliament, Osama Nujaifi, and Prime Minister Nouri al-Maliki, announced on Monday that the parliament will vote tomorrow [Tuesday] on the formation of a new cabinet, according to AKnews. "The committee that was set up by the parliament today to study the cabinet file and the government program will submit its report […]
Iraqi MPs Fined for Absenteeism
The Iraqi parliament has announced that it has cut some 26 million Iraqi Dinars (about US$22,000) from the remuneration of MPs who did not attend sessions last month, and said that more will be cut this month. The monthly salary of each Iraqi MP is 13.5 million Iraqi Dinars (about US$11,200) and they receive an […]
New Chinese Cement Factory for Sulaymaniyah
Sinoma (Suzhou) Construction Company, a subsidiary of the Chinese Sinoma International Engineering, has signed a $112.5-million deal with Iraq-based investment firm Mass Iraq for the construction of a cement plant. Both parties will build a cement plant with an annual capacity of 5,300 tons per day in Sulaymaniyah. The scope of the deal includes the […]