On July 21, U.S. Consul General Piper Campbell, on behalf of the U.S. Trade and Development Agency, signed an agreement with the Director General of the South Refineries Company, Mr. Abdul Hussein Nasir Qasim, which grants $502,798 to the SRC to conduct a feasibility study for the rehabilitation of its Basrah refinery. This rehabilitation will […]
US Deputy Secretary of State Thomas Nides yesterday opened the United States Consulate General in Erbil. He was joined at the ceremony by Kurdistan Region President Masoud Barzani, Prime Minister Barham Salih, Speaker of Parliament Dr Kamal Kirkuki and other KRG and American senior officials. The solid relationship that the Kurdistan Region has maintained with […]
The chairman of the Iraqi National Investment Commission (NIC) has announced the official launch of the Iraqi-U.S. Business Council in Baghdad, which will be an extension of the American Chamber of Commerce in Iraq. The council will deal with the Iraqi private sector to encourage economic development, particularly in small- and medium-sized industries. NIC Chairman […]
The United States opened a consulate Tuesday in Basra, the first such diplomatic presence in the southern Iraqi city in more than four decades; the last U.S. consulate in Basra closed in 1967. The new consulate comes days after the United States handed over three joint security stations in southern Iraq to Iraqi authorities as […]
The Kurdistan Region in Iraq continues to grow and strengthen economically and remains a prime opportunity for investors to find a profitable home in the Middle East, Qubad Talabani (pictured), the KRG’s Representative to the United States, told investors in Manhattan yesterday. Addressing an audience at the 10th annual hedge fund symposium sponsored by Institutional […]
Osama al-Nujaifi, the Iraqi parliament speaker, has told Al Jazeera that the amount of Iraqi money unaccounted for by the US is $18.7bn - three times more than the $6.6bn we reported last week. Al-Nujaifi is scheduled to visit the US soon and discuss the missing Iraqi billions. He said that he received a report […]
US Secretary of State, Hillary Rodham Clinton, didn't mince her words: "According to the IMF, Iraq is projected to grow faster than China in the next two years. Now, let me repeat that, because when I read it I said, okay, are you sure because we always think of China as being the juggernaut? But […]
The Los Angeles Times reports that theft has not been ruled out by auditors trying to trace $6.6 billion [7.9 trillion Iraqi dinars] of missing cash. A total of $12 billion in shrink-wrapped bricks of $100 bills was flown to Iraq in 2003 and 2004 to pay for public services, contractors, and general reconstruction. More […]
Iraq is open for business, and American companies should make an effort to invest there, Secretary of State Hillary Clinton (pictured) has said, according to a report from CNN. The Secretary was addressing the Business Forum Promoting Commercial Opportunities in Iraq, which included executives from companies as far-ranging as Occidental Petroleum, JP Morgan Chase, General […]
