American University in Sulaimaniya to Grant Degrees in Engineering
The American University in north Iraq’s Sulaimaniya city has decided to grant Bachelor degrees in Civil and Mechanical Engineering, according to a report from Aswat al-Iraq. All Iraqi students have been invited to join it, whatever their national, racial or religious background may be, the University’s Academic Adviser said on Tuesday. “The University shall accept […]
Reserve rate cut a stealth capital injection
Starting September 1, the Central Bank of Iraq (CBI) has announced it will be reducing the required reserve rate (RRR) from 20% to 15%. As this move frees up an additional 5% of deposits for the banks to lend out, you might think it would be positive for loan growth and stimulative for the economy […]
Production Up at DNO's Kurdistan Oilfield
DNO's shares were up 0.9% in mid-morning trading on the Oslo stock exchange, following the release of July production figures. DNO’s working interest production increased from 23,478 bopd in June to 27,279 bopd in July, and net entitlement production increased from 15,135 to 17,621 bopd. The increase is mainly due to higher deliveries of crude […]
Weekly Security Update for 1st September 2010
National Overview The total number of hostile incidents reported nationally was 125 this week, down from 132 incidents during the last reporting period. There was a significant rise in the number of recorded incidents in the north central region with slight rises in the west, south central and south east regions. The north dropped slightly, […]
Vocabulary - Lesson 7
Iraqi عربي English joo’aan جوعان hungry ‘aTshaan عَطشان thirsty hathaa yibayyin هذا يبَيِن this seems aani ‘indi آني عِندي I have fiqra فِكره idea yi’jibni يِعجِبني I like, literally, it pleases me inti shitguuliin إنتِ شِتگولين what do you say?, what do you think? - contraction of shinnu and tguliin aani atifiq آني أتّفِق I […]
Lesson 7: At the Restaurant
Welcome to the new Iraq Business News tutorial in simple Iraqi Arabic provided by language specialists Lee and Grant International. Our weekly lesson takes you through useful everyday conversational situations and some which are security oriented. For a more detailed course contact Lee and Grant International: Email: [email protected] Phone: 1 800 LEE-GRAN www.leeandgrantinternational.com Your comments […]
Halliburton Wins Contract for Zubair Oilfield
Halliburton (NYSE:HAL) has been awarded a contract by Eni to provide a range of integrated energy services for the redevelopment of the Zubair field in southern Iraq. Work for the multi-million dollar contract is underway. Halliburton will perform services such as wire-line logging, perforating, acidizing and well testing on 20 wells. "We are committed to […]
ShaMaran Buys Into Major Oil Project in Kurdistan
ShaMaran Petroleum, the Canadian oil and gas company, has announced that it has entered into an agreement with Aspect Energy International to acquire a one third stake in General Exploration Partners, a wholly owned subsidiary of Aspect. The Kurdistan Regional Government of Iraq ("KRG") and GEP are parties to a Production Sharing Contract dated November […]
Kuwaiti Company Wins $7m Contract in Iraq
Kuwait-based Eastern National Oilfield Services (ENOS), a subsidiary of Kuwaiti Safat Energy Holding (KUW: SENERGY), has won a $7 million (8.2 billion Iraqi dinars) contract to provide oil well testing and digging services for an unnamed company in Iraq, according to a report from ADP News. Safat Energy reportedly released the information in a statement […]
Iraq Business Forecast: "Oil Deals Will Drive Long-Term Growth"
Business Monitor International (BMI) has published a new report on business in Iraq. Summary: The oil sector contracts signed between Iraq and international energy companies in 2009 reflect the first stirrings of what the oil and gas industry hopes will be the reestablishment of a strong working relationship. Following years of underinvestment as a result […]
Where Now For Iraqi Inflation?
Iraq's core inflation continued to slow in July, dropping to an annual rate of 1.7 percent from 2.7 percent in June, a central bank official said on Monday, according to a report from Reuters. The bank gave no immediate explanation for the fall in core inflation, which excludes expenditures on fuel. To spur investment and […]
'Misappropriated' Computers for Children Recovered
AFP reports that 90 percent of the $1.9m batch of US-purchased computers destined for schoolchildren but allegedly sold off on the cheap have been recovered. As we reported on Saturday, an unnamed senior official at Umm Qasr port had reportedly misappropriated the gift and auctioned the computers for just $45,700. But customs chief Nofal Salim […]