What Business Leaders are Saying About Iraq
Speaking at the Reuters Middle East Investment Summit this week, business leaders expressed their opinions about Iraq. They were keen to invest in the Iraqi market in sectors including energy, telecoms, finance and infrastructure: "Iraq is a country emerging from a difficult period, it's getting back on track and it's a country that cannot be […]
Exxon "On Track" at West Qurna 1
U.S. oil giant ExxonMobil said on Friday it was on track to reach its initial production target in Iraq's West Qurna I oilfield next year, according to reports from Reuters. "ExxonMobil is moving forward in accordance with the contract timeline and we are on track with our plans to reach the initial production target in […]
Iraq Considers Arab Gas Pipeline Link
Iraq has discussed with Egypt the issue of linking up to a gas pipeline running from Egypt through other Arab states as a way to export its gas, Reuters has reported. The Arab Gas Pipeline is aimed at supplying customers in Jordan, Syria, Lebanon and Turkey, and potentially Europe through Egypt. (Source: Reuters)
HCL and Inmarsat Consider Iraqi Market
The chairman of HCL Info Systems said on Thursday that his company is seriously looking at Iraq’s needs and considering entering the Iraqi market. This statement was made during the opening of the 30th session of the Jet-ex Exhibition for Information Technology in Dubai. “We are looking seriously towards Iraq’s needs and trying to enter […]
Kuwait to Seize Iraqi planes in Canada?
The Supreme Court of Canada has allowed Kuwait to pursue the seizure of Iraqi government assets in Canada, according to CTV News. The high court has granted an appeal by Kuwait Airways against Iraq and Bombardier Aerospace of Montreal, follows a British judgment that could allow Kuwait to seize Iraqi passenger planes now in Canada. […]
IMF Cuts Estimates of Iraq's Oil Output
Oil prices in the first half of 2010 were higher than estimated by the IMF, but the volume of Iraq's oil exports remained well below projections. Export prices of Iraqi oil averaged $75 per barrel in the first half of 2010, compared to a budgeted price of $62.50 per barrel. Exports, however, averaged 1.88 million […]
Olive Group to Present at Iraq Mega Projects
Olive Group, one of the global providers of integrated security solutions, and a regular contributor to Iraq Business News, is a Silver Sponsor at the forthcoming Iraq Mega Projects event in Istanbul, Turkey this October 26 - 28th. Olive Group will be speaking at this reputable event, and will host several networking opportunities throughout the […]
American Company Discusses Corn Oil Factory
A U.S. company held talks on Thursday with Wassit Council on investment opportunities in the province, according to the council’s chairman. “The council discussed on Thursday morning (Oct. 21) investment opportunities with Mike Divhan, director of the U.S. company, the investment opportunities in Wassit,” Mahmoud Abdulreda told Aswat al-Iraq news agency. “The council highlighted the […]
The Future for the Iraqi Dinar
We get many enquiries at Iraq Business News relating to the future of the Iraqi dinar (IQD), for example: Will the Iraqi dinar increase in value? Will the currency be re-denominated, dropping the 'three zeros'? Is it wise to buy Iraqi dinar? Firstly, Iraq Business News is not in a position to give investment advice. […]
KRG Hails Marathon Oil Deal
The Kurdistan Regional Government's (KRG) Minister of Natural Resources, Ashti Hawrami, has welcomed Marathon Oil Corporation's entry into the Kurdistan Region oil and gas sector, saying that such an experienced company will be “a valuable partner in developing the resources of our Region to the maximum benefit of the people of Kurdistan and Iraq, in […]
IOM to Implement Business Development Services in Iraq
The International Organization for Migration (IOM) Iraq Mission has signed an agreement with the United Nations Office for Project Services (UNOPS) to set up a project to support local private and semi-private Business Development Service (BDS) providers in the Governorates of Anbar, Basrah and Erbil. The project aims to develop sustainable business models and engage […]
Concerns Over Land Ownership in Iraq
The head of the National Investment Commission, Sami al-Araji, has said that the main obstacle standing in the way of attracting the foreign investment is the ownership of the land on which the projects will be carried out. He said that the Commission worked to overcome these obstacles but the ownership of the land and […]