KRG and Germany Inaugurate First Lufthansa Flights to Erbil
Iraqi and Kurdistan Region Ministers, diplomatic officials and the business community gathered on Tuesday to inaugurate Lufthansa’s first flights to Erbil International Airport, in the capital of the Kurdistan Region. Kurdistan Regional Government (KRG) Interior Minister Karim Sinjari and Iraq’s Deputy Prime Minister Dr Roj Shawis and Erbil’s diplomatic community participated in the ceremony. In […]
Value of Iran’s Exports to Iraq Likely to Exceed $8 Billion
The value of Iranian exports to Iraq is expected to exceed $8 billion this year, Iranian embassy’s commercial attaché in Baghdad said. Ali al-Haydari said Tehran’s trade and commercial links with Baghdad boomed shortly after the overthrow of the former regime by the U.S. in 2003. The exchange of trade was a trickle under former […]
France is top investor in Iraq
Al-Dabbagh noted that "French companies have had a clear role in developing the economic and investment reality during the last period followed by the United States, Iran, and Britain, especially with regard to housing, construction projects and commercial goods.
US firm sees Iraq oil sector growth in phases
'Two or three years down the road, if they don't have a satisfactory judicial, fiscal and political atmosphere, they will hesitate before they go into the very large spending that will be required for the new development,'
Iraq Oil Bases Sprout as Halliburton Chases Growth
Schlumberger Ltd., Halliburton Co. and Baker Hughes Inc. are among companies this past week that said they’re expanding operations in Iraq. Weatherford International Ltd., the fourth- largest oilfield-services provider by market value, will expand staff in Iraq to more than 1,000 by July, Chief Executive Officer Bernard Duroc-Danner told investors yesterday
Iraq seeking railway link with Europe
The outgoing Iraqi government announced Sunday that it was seeking to link Iraq with the neighboring countries and further with European countries by a railway system.
Iraq to coordinate with USA to reform the economic system
"Iraq needs the financial expertise of the United States to reform its economic system that suffers a lot of insecurity, and one of the main reasons for the delayed evolution of the economic system is the legislation and the old laws which do not fit with the evolution of the financial situation in the country."
Iraq oil development swift despite politics
Development of Iraq's oilfields by foreign oil companies is progressing swiftly despite the lengthy process of government formation after Iraqi elections in March, a senior Statoil executive said on Tuesday.
More Delays to Election Re-Count
According to a report by BBC this morning, Iraqi election officials said that a recount of the Baghdad ballots from the parliamentary vote on 7 March could take another three weeks. This comes as Nouri al-Maliki, who is disputing the results, has harshly criticized calls for international involvement in setting up a new government, according […]
Germany Opens Economic Office in Sulaymaniyah Next Month
Germany's consul in Iraq's Kurdistan region, Oliver Schnackenberg, announced that a German economic office will be opened in Sulaimaniya next month. The Governor of Sulaimaniya, Behrouz Mohamed Saleh, discussed the plan, and its role to support and promote business between Germany and the region, during his meeting with Schnackenberg. He also requested that the German […]
Finance Minister Urges Ambassadors to Attract Investments to Iraq
Finance Minister Baqer al-Zubaidi urged Iraqi ambassadors to Egypt, South Korea and Belarus to attract investments to Iraq, mainly in housing and energy sectors, according to a ministerial statement on Wednesday. “This came during his meetings with ambassadors to Egypt, Nezar al-Khierallah, South Korea, Ismail Shafiq, and to Belarus, Haidar Masour. He urged them to […]
Iraq to increase Oil Output to 4.5 Mln Bpd by 2014
The ambitious plan, which was approved by the cabinet and posted on the Ministry of Planning's website, also sees oil exports at 3.1 million bpd in 2014, up from 2.15 million bpd this year.