The risks of working in or supporting the upstream oil and gas industry in Iraq are widespread and significant. From security and logistics to government bureaucracy, there are barriers to business that executives at many companies with a role to play in developing Iraq's oil and gas sector feel could be insurmountable. William Wakeham, CEO […]
As Iraq continues to prove itself as one of the fastest growing emerging markets in the world, more and more business travellers are using AAIB Insurance Broker’s unique, online Iraq Travel Insurance facility. Iraq-travelinsurance.com provides instant cover for travel to Iraq from anywhere in the world, from less than US$2 per day. Essential War and […]
A $733 million [880 billion Iraqi dinar] contract for Leighton Holdings to construct enhanced crude oil facilities in southern Iraq has been met with support from Australia's Export Finance and Insurance Corporation (EFIC). The EFIC has provided two performance bonds worth $US36.7 million to Leighton Holdings subsidiary Leighton Offshore under a bonding line provided to […]
“Without a change in the law, Iraq’s insurance industry is at risk of standing still”, says CEO of AAIB Insurance Brokers. AAIB Insurance Brokers, Iraq’s leading international insurance broker, together with Marsh, the world’s largest insurance broker, hosted an Insurance Conference in Erbil, in Iraqi Kurdistan, on 27 April. The event brought together over 40 […]
Bloomberg, quoting the Nikkei newspaper, says Mitsubishi's gas project in Iraq will receive long-term trade credit insurance from Japan's state-backed Nippon Export and Investment Insurance. According to the report, this is the first time in 21 years that Japan has provided this facility for a venture in the Middle East. The company will insure Mitsubishi’s […]
Four people, including three children, were kidnapped by criminals then freed by the authorities in Iraq last week. In recent months consular warnings have continued to remind foreign nationals of the risk of abduction still present in the country. With a rise in foreigners travelling to the country it may only be a matter of […]
After eight months it seems that finally we are close to an agreement on the formation of the next Iraqi government. When the talks finally reach a conclusion, there's a long list of issues to be addressed by the incoming government, not least of which is Iraq's abysmal ranking in the World Bank's latest Doing […]
Marsh has announced that it had signed a mutually exclusive agreement with Anglo Arab Insurance Brokers, the only international broker to be licensed and registered to operate in Iraq with offices across the country. Under the terms of the agreement, Marsh and AAIB will co-operate on insurance coverage, risk management and claims handling issues for […]
Leading emerging markets insurance provider launches dedicated travel insurance website for Iraq Intrepid adventurers and culture vultures can now add Iraq to list of ‘must visit’ destinations Easy on-line access to tourist insurance [Picture: Ishtar Gate, Babylon, built circa 575 B.C.] AAIB Insurance Brokers, the leading international insurance broker for Iraq, has launched the first […]
Basra's governor has announced projects totalling more than 50 billion Iraqi dinars ($42m), according to a report from AK News. "Many projects will be implemented and financed from Basra's budget at a cost of more than 50 billion Iraqi dinars. The first project is to establish an industrial city for 40 billion dinars that includes […]
Syrian Prime Minister Mohammad Naji Otri and Iraqi Finance Minster Baqir Jabr al-Zubaidi met on Sunday to discuss cooperation and relations between the two countries. Later, Syria's Minister of Finance Mohammed al-Hussein discussed with al-Zubaidi the positive impact of Syrian-Iraqi financial cooperation on economic relations which serve the interest of both countries. Minister al-Hussein stressed […]
An Iraqi Economist said on Thursday that the Central Bank began to reduce interest rates by approximately six percent for loans and four percent for bank deposits, to encourage investments in the country, after a series of robberies that took place recently on Iraqi banks. The expert said: "This shift reflects a new policy of […]
